Floragenex, Sedia Biosciences Merge

05:54 EDT 19 Oct 2016 | Genetic Engineering News

Floragenex, a genomics testing service provider focused on next-generation DNA sequencing, will become a wholly owned subsidiary of point-of-care diagnostics developer Sedia Biosciences, the companies said today, through a merger whose value was not disclosed. The merger is designed to create a combined provider of genomic services for scientific customers as well as testing solutions for human immunodeficiency virus (HIV) and other infectious agents. Sedia, founded in 2009, develops and commercializes point-of-care diagnostics in HIV and other human diseases. Roger Gale, Sedia’s Chairman and CEO, said in a statement that the merger “will strengthen and diversify our scientific capability across both immuno and molecular (DNA) diagnostic technologies, broaden our potential product range, expand access to the plant and animal kingdom markets, accelerate development of next-generation products, and strengthen sales and marketing, business development, and strategic planning.” “The merger will also yield many synergies and benefits in ...

Original Article: Floragenex, Sedia Biosciences Merge


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