Siemens buys Fast Track Diagnostics to boost molecular offering
FRANKFURT: Siemens said it has agreed to buy Luxembourg-based Fast Track Diagnostics to boost its molecular-testing offering, one of the areas it is keen to expand as it prepares to float its healthcare unit, Healthineers.
The Munich-based group did not disclose a purchase price on Friday for Fast Track, which has about 80 employees in Luxembourg, Malta, and India.
Siemens said the acquisition would allow it to reduce time in the laboratory for the detection of conditions including respiratory infections, gastroenteritis, meningitis, hepatitis and tropical diseases.
It follows the acquisition of Neo New Oncology last year.
(Reporting by Georgina Prodhan; Editing by Christoph Steitz)
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd