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Thermo Fisher To Buy Molecular Diagnostics Company Mesa Biotech For About $450 Mln


Thermo Fisher To Buy Molecular Diagnostics Company Mesa Biotech For About $450 Mln
WASHINGTON (dpa-AFX) - Thermo Fisher Scientific Inc. (TMO) said Tuesday it has agreed to acquire Mesa Biotech, Inc., a privately held molecular diagnostic company, for about $450 million in cash.
Under the terms of the deal, Thermo Fisher will pay up to an additional $100 million in cash upon the completion of certain milestones following the close of the transaction.
Thermo Fisher expects the transaction to be completed in the first quarter of 2021. Upon completion, the business will become part of Thermo Fisher s Life Sciences Solutions Segment.
Mesa Biotech has developed and commercialized a PCR-based rapid point-of-care testing platform available for detecting infectious diseases including SARS-CoV-2, Influenza A and B, respiratory syncytial virus (RSV) and Strep A. ....

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Cal Poly increases COVID-19 testing for all students


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With a new quarter underway at San Luis Obispo’s Cal Poly, the university’s testing program has expanded since the fall, when students living on-campus only had to get tested every other week. Now it applies to students who live in university housing, are enrolled in face-to-face classes, work on campus, use on-campus resources or live with a student who meets any of these requirements.
“Two-times-a-week testing of students that are on campus for any reason is really the best practice from a university setting,” said Cal Poly president Jeffrey Armstrong, adding the new program is a response to the number of coronavirus cases in California and the rest of the country. ....

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