Trinity Biotech Announces Acquisition Of Prostate Cancer Focused EpiCapture For Initial Consideration Of ~$3M, With An Additional Consideration Of $0.5M Contingent On The Achievement Of Future Milestones
Portfolio Pulse from Benzinga Newsdesk
Trinity Biotech has acquired EpiCapture, a company focused on non-invasive prostate cancer diagnostics, for an initial $3M, with a potential additional $0.5M based on future milestones. This acquisition marks Trinity's entry into the oncology diagnostics market.
October 25, 2024 | 12:47 pm
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Trinity Biotech has acquired EpiCapture to expand into the oncology diagnostics market, specifically targeting prostate cancer. This strategic move could enhance Trinity's product offerings and market position.
The acquisition of EpiCapture allows Trinity Biotech to enter the oncology diagnostics market, which is a significant expansion of their product line. The focus on prostate cancer, a prevalent condition, could lead to increased demand for their diagnostics solutions. The use of ADS for payment indicates confidence in the strategic value of the acquisition.
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