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In Brief This Week: Labcorp, Enzo; Revvity; Becton Dickinson; Yourgene, Illumina; More

NEW YORK – Enzo Biochem has completed the sale of its clinical laboratory division to Laboratory Corporation of America for $113,250,000 in cash. The final purchase price is well below the $146 million expected when the firms signed the agreement in March. The sale is part of Enzo's restructuring initiative launched in 2022 to focus on its life science segment, which sells products and services for drug discovery and research applications. 

Talis Biomedical said this week that it received notice from the Nasdaq on July 20 that it has regained compliance with the minimum bid price requirement of at least $1.00 per share. To regain compliance, the company's common stock was required to maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, which the company satisfied on July 19. The notice follows the company's 1-for-15 reverse stock split approved by stockholders on June 9. 

Revvity's board of directors has declared a quarterly dividend of $.07 per common share payable on Nov. 10, 2023, to shareholders of record as of the close of the market on Oct. 20, 2023. 

This week Becton Dickinson's board of directors declared a quarterly dividend of $0.91 per common share, payable on Sept. 29 to holders of record on Sept. 8. The annual dividend rate is $3.64 per share. 

Yourgene Health said this week that it has signed a five-year contract extension with Illumina, which includes a restated license and supply agreement for Yourgene's sequencing-based noninvasive prenatal testing IVD products. The extended contract will run until September 2028. Yourgene is in the midst of being acquired by Novacyt, a deal that is expected to close in the third quarter. 

Delfi Diagnostics said this week that it has exclusively licensed a method for identifying somatic genomic alterations in cell-free DNA called GEMINI (Genome-wide mutational incidence for noninvasive detection of cancer) from Johns Hopkins University. In a recent study, Hopkins researchers and their colleagues showed that a combination of GEMINI with Delfi's fragmentomics approach worked well for identifying early-stage lung cancers.

In Brief This Week is a selection of news items that may be of interest to our readers but had not previously appeared on 360Dx.