We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us

Download Mobile App




Events

19 May 2026 - 22 May 2026
17 Jun 2026 - 19 Jun 2026

Bayer to Acquire Visible Genetics, Inc.

By HospiMedica staff writers
Posted on 12 Aug 2002
In a move that will expand its portfolio of molecular diagnostic tests, an agreement has been announced by Bayer Corp., Diagnostics Division (Tarrytown, NY), to acquire Visible Genetics Inc.(VGI, Toronto, Canada) in a cash deal valued at US$61.4 million.

As part of the transaction, Bayer Diagnostics will acquire the Trugene HIV-1 Genotyping Assay, the only HIV sequencing resistance test available in the United States that is approved by the US Food and Drug Administration (FDA). More...
Combined with Bayer's Versant HIV and hepatitis C virus (HCV) viral nucleic acid tests, these will enable Bayer to have a leading position in the nucleic acid diagnostic (NAD) segment of the professional laboratory market. The acquisition will also include all VGI sequencing assays, such as hepatitis assays, currently in development.

"This acquisition is another milestone in our ongoing strategy to expand our infection disease portfolio that began with our acquisition of Chiron Diagnostics in 1998,” said Rolf Classon, president of Bayer Business Group Diagnostics. "It also supports our strategy to bring to market molecular diagnostic tests that assist the physician in the diagnosis and monitoring of disease and treatment regimens.”





Related Links:
Bayer Diagnostics
Visible Genetics

Gold Member
12-Channel ECG
CM1200B
New
Gold Member
Handheld Blood Glucose Analyzer
STAT-Site
New
Radiofrequency Generator
GX1
New
Blood Pressure Monitor
Cuff Blood Pressure Monitor
Read the full article by registering today, it's FREE! It's Free!
Register now for FREE to HospiMedica.com and get access to news and events that shape the world of Hospital Medicine.
  • Free digital version edition of HospiMedica International sent by email on regular basis
  • Free print version of HospiMedica International magazine (available only outside USA and Canada).
  • Free and unlimited access to back issues of HospiMedica International in digital format
  • Free HospiMedica International Newsletter sent every week containing the latest news
  • Free breaking news sent via email
  • Free access to Events Calendar
  • Free access to LinkXpress new product services
  • REGISTRATION IS FREE AND EASY!
Click here to Register








Channels

Health IT

view channel
Photo courtesy of Adobe Stock

Automated System Classifies and Tracks Cardiogenic Shock Across Hospital Settings

Cardiogenic shock remains a difficult, time-sensitive emergency, with delayed identification driving poor outcomes and persistently high mortality. Many cases go undocumented even at advanced stages, hindering... Read more
Copyright © 2000-2026 Globetech Media. All rights reserved.