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Diagnostics Business, Policy & Funding

Breaking news on Diagnostics business, policy & funding.

The firm won't have to pay off its unsecured convertible notes until 2026 to investors, including Patrick Soon-Shiong's Nant Capital.

The UK-based firm aims to begin evaluating kidney disease biomarkers in expanded clinical validation studies later this year.

The Swiss company said it will use the funding to accelerate commercialization of its blood-based calcification propensity test for kidney disease patients.

DiaSorin said that the acquisition gives it access to Luminex's multiplexing technology, tests, and instruments and strengthens its MDx product portfolio.

Core revenues were up 10 percent organically, while COVID-19 testing contributed $535 million to revenues in Q1 2021.