Updated September 12, 2008

Premium Lock BioMerieux acquires California cancer-testing firm for $60M

Published: 2008-09-12 07:20:00
Updated: 2008-09-12 10:10:38

BioMerieux, a French life-sciences firm with its U.S. headquarters in Durham, is buying a California diagnostic-testing firm for $60 million.

AviaraDx, which is based in San Diego, has 19 employees and is privately held. It expects to report a loss of $8 million this year.

The California firm provides cancer tests that are designed to help oncologists make decisions in treatment strategies. It also operates a services lab.

As part of BioMerieux, AviaraDx will operate as BioTheranostics....



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