OPKO Health Acquires Claros Diagnostics for $49,000,000

  • Feed Type
  • Date
    10/21/2011
  • Company Name
    Claros Diagnostics
  • Mailing Address
    4 Constitution Way Woburn, MA 01801
  • Company Description
    Claros has developed a novel handheld immunoassay system incorporating a lab-on-a-chip configuration which produces high performance quantitative laboratory blood test results with the ease-of-use of rapid qualitative diagnostic test strips. The Claros device will enable the physician to quantitatively analyze a blood sample in the office, allowing completion of the examination within the timeframe of the visit.
  • Website
    http://www.clarosdx.com
  • Transaction Type
    M&A
  • Transaction Amount
    $49,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The buyout amounts to at least a $30 million payment of combined cash and stocks, with the potential for another $19 million paid to Claros, based on milestone achievements, OPKO reported in a regulatory filing.