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Mobility devices co makes maiden Dx buy with 180º turntowards pharma and biotech strategy

This article was originally published in Clinica

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Executive Summary

Heralding a complete U-turn in its strategic direction, mobility products company Modern Mobility Aids (MMA) has agreed to purchase Canadian molecular diagnostics specialist LumiGene Technologies. MMA will pay Can$1m ($1.02m) upfront for LumiGene, as well as 2% of all gross revenue realised from the business after the deal has closed and up to Can$480,000 in additional milestone payments.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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