Quidel | Gadgets Price.com - Gadgets Price
Quidel | Gadgets Price.com

Quidel has made a huge investment to bolster its prowess in the in vitro diagnostic market. The San Diego, CA-based company said it has signed an agreement to acquire Ortho Clinical Diagnostics Holdings for $6 billion.

The deal is expected to close in the first half of fiscal year 2022.

“The combination with Ortho will help Quidel become a leader in the diagnostic industry, bringing together innovative, complementary products, solutions and services that improve the health and well-being of patients around the world,” said Douglas Bryant , President and Chief Executive Officer of Quidel, who will serve as chairman and CEO of the combined company. “By gaining a stronger leadership position, we expect the combined company to grow into a global player with high-quality R&D capabilities, a more diverse product pipeline and a broader geographic footprint. Importantly, our complementary cultures are underpinned by a commitment to our customers, patients and the communities we serve, reinforcing our confidence in the long-term value creation of this transaction. We are impressed with what Ortho has accomplished for patients. We look forward to working together to continue the strong patient focus that is at the heart of our mission to create an organization with a shared purpose of discovering, developing and delivering innovative solutions to our customers.”

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