Wednesday, April 4, 2007

UPDATE 1-Roche boosts diagostics with $600 mln BioVeris buy

(Reuters) - ZURICH, April 4 - Swiss healthcare giant Roche Holding AG bolstered its medical testing business on Wednesday by agreeing to buy U.S.-based BioVeris Corp for around $600 million in cash.

The move strengthens Roche's position in diagnostics, where it is already a global market leader, by giving it access to a technology that measures the amount of light given off by molecules under different conditions.


Read more at Reuters.com Mergers News

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