Lab tie-up would have multiple ailments aimeedonnellan
There’s logic to the combination. Berenberg analysts, for example, reckon the two companies’ strengths would complement each other. Qiagen makes kit used by drug companies and academics to test for disease, and has a 60% market share of sample preparation, whereas Bio-Rad only has around 5%. Meanwhile, Bio-Rad is particularly strong in hospital lab work.
But regulatory hurdles could still scupper any deal. Both companies sell PCR testing machines, used widely during the coronavirus pandemic. Regulators in the United States and Europe have been increasingly wary of tie-ups that could lead to higher prices. Qiagen shareholders are also an obstacle. They rejected Thermo Fisher’s bid on the grounds that it undervalued the business. Hedge fund Davidson Kempner has been particularlyRegister now for FREE unlimited access to Reuters.
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