Trinity Biotech Reports the Acquisition of Metabolomics Diagnostics for $1.3M
Shots:
- Trinity has acquired Metabolomics Diagnostics for an enterprise value of ~$1.3M. The deal includes over 270,000 Trinity Biotech ADS shares, cash & the assumption of liabilities
- The acquisition adds PrePsia test, intended to predict the risk of preeclampsia as early as the 12th week of pregnancy for effective treatment, to Trinity’s portfolio. Its commercialization in the US is anticipated during 2025 through Immco reference laboratory, with in-house manufacturing of its test-reagents
- The test employs mass spectrometry to detect metabolites in blood samples that is combined using ML algorithm with patient-specific clinical data for a preeclampsia risk score. Trinity aims to use this technology to develop additional diagnostic tests in maternal health
Ref: Metabolomics Diagnostics | Image: Metabolomics Diagnostics
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Disha is a content writer at PharmaShots. She is passionate and curious about recent updates and developments in MedTech and Pharma industry. She covers news related to clinical trial results and updates. She can be contacted at connect@pharmashots.com.