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Japan's Sekisui To Push Asian IVD Expansion With Veredus Buy

 
• By Tina Tan

In line with its midterm growth strategy, the medical arm of Japanese chemicals group Sekisui Chemical has acquired Veredus Laboratories, a Singapore-based specialist in rapid and affordable multiplex molecular diagnostic systems. The acquisition will further strengthen Sekisui's presence in China, a key territory for the group and one of the main markets for Veredus' products.

Sekisui Medical Co. Ltd., the medical arm of Japanese chemicals group Sekisui Chemical Co., Ltd, has bulked up its diagnostics business with the acquisition of Veredus Laboratories, a Singapore-based multiplex molecular diagnostics specialist.

The deal, of which financial details were not disclosed, is Sekisui's second acquisition since the company – in its Hiyaku 2020 midterm management plan, announced in 2016 – identified "diagnostic...

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