Argene Inc
45 Ramsey Road
Unit 25 Shirley,
NY 11967 - USA
• Tel : +1 (631) 345.2100
• Fax : +1 (631) 345.2109
• Toll Free : 1-888-4 ARGENE
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ARGENE INC.
bioMérieux Expands its Infectious Disease Offer with Acquisition of ARGENE, Specialized in Molecular Diagnostics for Immunocompromised Patients
Marcy l'Etoile, France - July 19, 2011 - bioMérieux, a world leader in the field of in vitro diagnostics, announced that it has acquired ARGENE, a French company specialized in molecular diagnostics. This acquisition is bioMérieux’s tenth in the last five years.
With over twenty years of experience in the field of virology diagnostics, ARGENE has
70 employees worldwide. The company’s 2010 sales reached 10 million euros, with molecular diagnostics representing three quarters of its business. Headquartered in Verniolle, in the Midi-Pyrenees region of southern France, the company realizes 50% of its revenue abroad and has direct distribution in Switzerland, Italy and the United States. ARGENE has a strong innovation focus, dedicating a large portion of its revenue to R&D and working closely with the academic sector.“ARGENE’s unique expertise and comprehensive range of diagnostics for immunocompromised patients will reinforce bioMérieux’s infectious disease offering in an important field of medicine. This acquisition will also enable us to accelerate the time to market of a broad test menu on the new molecular platform we are developing with Biocartis,” said Jean-Luc Bélingard, Chief Executive Officer of bioMérieux. “There is a perfect strategic fit between our companies and a shared commitment to improve patient health. We are very pleased that the ARGENE team will be joining bioMérieux,” he added.
In molecular biology, ARGENE provides a large range of diagnostics for infectious diseases and is an international leader in the field of virological monitoring of transplant patients. Its products include quantitative tests for cytomegalovirus, Epstein-Barr virus and herpes simplex virus types 1 and 2. These tests are currently available for use on most commercial, open Real Time PCR platforms. Recognized for their exceptional quality, the company’s products are manufactured according to good manufacturing practice (GMP) norms and the ISO 13485 standard.
The acquisition brings significant synergies: by leveraging bioMérieux’s extensive global network, ARGENE’s products will be made available to a broader international customer base. bioMérieux plans to adapt them to its fully integrated molecular system, under development with Biocartis, which is expected to be launched mid-2013. An additional license has been obtained from Biocartis to that effect.
bioMérieux is acquiring 100% of the shares of Ab-SERVICES SARL, the holding company that owns ARGENE. The company was acquired for a price of 37.5 million euros, with contingent payments of up to 5 million euros.
About bioMérieux
Advancing Diagnostics to Improve Public Health
A world leader in the field of in vitro diagnostics for over 45 years, bioMérieux is present in more
than 150 countries through 39 subsidiaries and a large network of distributors. In 2010, revenues reached €1.357 billion with 87% of sales outside of France.
bioMérieux provides diagnostic solutions (reagents, instruments, software) which determine the source of disease and contamination to improve patient health and ensure consumer safety. Its products are used for diagnosing infectious diseases and providing high medical value results for cancer screening and monitoring and cardiovascular emergencies. They are also used for detecting microorganisms in agri-food, pharmaceutical and cosmetic products.
bioMérieux is listed on the NYSE Euronext Paris market (Symbol: BIM – ISIN: FR0010096479).Other information can be found at www.biomerieux.com.
Contacts
Investor Relations
bioMérieux
Isabelle Tongio Tel: + 33 4 78 87 22 37 investor.relations@biomerieux.com
Media Relations
bioMérieux Pure Communications Image Sept Koren Wolman-Tardy Kathryn Cook Laurence Heilbronn Tel: + 33 4 78 87 20 08 Tel: + 1 910-239-5098 Tel: + 33 1 53 70 74 64 media@biomerieux.com kathryn@purecommunicationsinc.com lheilbronn@image7.fr ARGENE Inc is the North American subsidiary of a French Biotech company specializing in the field of immunology and molecular biology, developing products for virology.
In order to expand its US growing market share, Argene Inc is seeking a European company who would like to distribute their product range in North America (USA and Canada).
Argene Inc's headquarters is located in New York with sales offices on the East and West Coast of the United States.
If you believe that your company's product line could benefit from such collaboration, please feel free to .