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home / news releases / RHHBY - GenMark Parlays Pandemic-Driven Momentum Into A Good Buyout Price

RHHBY - GenMark Parlays Pandemic-Driven Momentum Into A Good Buyout Price

Roche Holding Ltd ADR
  • Roche announced the acquisition of multiplex molecular diagnostics testing company GenMark Diagnostics for $24.05/share in cash.
  • Roche is getting very competitive multiplex molecular diagnostics testing capabilities, but also meaningful opportunities to improve margins/operating leverage, expand the test menu, and leverage its large global sales force.
  • The buyout agreement is a win-win, giving Roche a leverageable testing platform and giving GenMark shareholders a healthy premium that values the technology and improvement/leverage potential.

For further details see:

GenMark Parlays Pandemic-Driven Momentum Into A Good Buyout Price
Stock Information
Company Name: Roche Holding Ltd ADR
Stock Symbol: RHHBY
Market: OTC
Website: roche.com
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