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Focus Diagnostics, Inc. Announces Sale Of Focus Bio-Inova, Inc.



6/21/2006 10:20:28 AM

HERNDON, Va., June 20 /PRNewswire/ -- Focus Diagnostics announces it has sold its interest in Focus Bio-Inova, a pharmaceutical testing business, to Eurofins Scientific, a global leader in bio-analysis, in a transaction that was completed on June 15, 2006. Terms of the transaction were not disclosed.

On May 19, 2006, Quest Diagnostics Incorporated announced it had agreed to acquire Focus Diagnostics in a transaction which is expected to be completed during the third quarter of 2006. Focus Bio-Inova was excluded from that transaction.

Wachovia Securities and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. were advisors to Focus Diagnostics on the sale of Focus Bio-Inova.

About Focus Diagnostics, Inc.

Founded in 1978 as Microbiology Reference Laboratory, Focus Diagnostics has served the healthcare community for nearly three decades as an innovative developer and provider of products and testing services for complex diagnostics, including infectious disease, autoimmune and newly introduced genetic testing. Focus Diagnostics' USFDA-registered and ISO 9001-certified diagnostics manufacturing facility and ISO 9001-certified reference laboratory are located in Cypress, California. Corporate headquarters are in Herndon, Virginia. Focus Diagnostics is a portfolio company of private equity firms DLJ Merchant Banking Partners and The Sprout Group. More information is available at http://www.focusdx.com.

Focus Diagnostics, Inc.

CONTACT: Mary Kay Mosch, Focus Diagnostics, Inc., +1-410-832-7575,mkmosch@focusdx.com


Read at BioSpace.com


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