STAT-Dx enters into agreement for acquisition by QIAGEN
Utrecht, The Netherlands – Gilde Healthcare announces today that QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) has entered into an agreement to acquire STAT-Dx, a privately-held company developing the next generation of multiplex diagnostics for one-step, fully integrated molecular analysis of common syndromes using a novel system based on real-time PCR technology and proven QIAGEN chemistries.
Subject to the successful completion of defined development activities by STAT-Dx, QIAGEN has agreed to acquire all shares of STAT-Dx for approximately $147 million in cash and additional payments of up to about $44 million based on the achievement of regulatory and commercial milestones.
Gilde Healthcare led the last EUR 31 million financing round in 2016.
Based on the proprietary DiagCORE® technology, the system was unveiled in April 2017 at the European Congress of Clinical Microbiology (ECCMID) and received a first CE-IVD marking in January 2018. The first two tests, which are extensive respiratory and gastrointestinal panels, are to be launched in Europe in mid-2018, in the U.S. in 2019 following regulatory clearance, and in other markets worldwide pursuant to the respective regulatory timelines. Additional tests are in development that span infectious diseases, immune response monitoring, oncology and companion diagnostics.
Founded in 2010 in Barcelona, Spain, and backed by leading international healthcare investors, STAT-Dx is focusing on the development, manufacturing and commercialization of "Closer to Care" diagnostic solutions in areas where fast and accurate diagnostic results are crucial, such as infectious diseases and critical care. The DiagCORE® system is a versatile, easy-to-use platform that consolidates molecular and immunoassay techniques in a single device. For more information, visit www.stat-dx.com
About Gilde Healthcare
Gilde Healthcare is a specialized European healthcare investor managing two business lines: a venture & growth capital fund and a lower mid-market buy-out fund. Gilde Healthcare's venture & growth capital fund invests in medtech, diagnostics, digital health and therapeutics. The portfolio companies are based in Europe and North America. Gilde Healthcare's lower mid-market buy-out fund invests in profitable European healthcare services companies with a focus on the Netherlands, Belgium and Germany. The portfolio consists of healthcare providers, suppliers of medical products and other service providers in the healthcare market. Since 2001 Gilde Healthcare has raised €800 million ($1 billion) for its specialized funds. For more information, visit the company's website at www.gildehealthcare.com