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NEW YORK ─ OraSure Technologies said on Friday that it has entered into a definitive agreement to acquire privately owned UrSure for $3 million in cash and up to $28 million in post-closing contingent payments.

Bethlehem, Pennsylvania-based OraSure said the contingent consideration consists of up to $5 million for certain product development milestones and receipt of regulatory approvals, and up to $23 million for certain revenue and funding milestones. 

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