Lunaphore To Get Acquired By Bio-Techne; Financial Terms Not Disclosed
Portfolio Pulse from Happy Mohamed
Bio-Techne Corporation (NASDAQ: TECH) has agreed to acquire Lunaphore Technologies, a Swiss life sciences company specializing in spatial biology technology. The acquisition is expected to close in Q3. Lunaphore's technology enables the identification of biomarker signatures with clinical relevance, supporting diagnostic tool development and streamlining clinical trials.
June 22, 2023 | 12:07 pm
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Bio-Techne Corporation (NASDAQ: TECH) is acquiring Lunaphore Technologies, a Swiss life sciences company specializing in spatial biology technology. The acquisition is expected to close in Q3 and will complement Bio-Techne's leading spatial biology franchise.
The acquisition of Lunaphore Technologies will complement Bio-Techne's leading spatial biology franchise, as Lunaphore's technology enables the identification of biomarker signatures with clinical relevance. This will support the development of diagnostic tools and streamline clinical trials, ultimately improving patient outcomes. The acquisition is expected to close in Q3, and it is likely to have a positive short-term impact on Bio-Techne's stock price.
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