M&A
confidence high
sentiment positive
materiality 0.80
Oncocyte partners with Bio-Rad for global transplant assay; Bio-Rad makes equity investment
Insight Molecular Diagnostics Inc.
- 10-year collaboration to develop/commercialize GraftAssure RUO and VitaGraft IVD assays on Bio-Rad's ddPCR platform.
- GraftAssure RUO launch expected Q2 2024 at select US/EU transplant centers, broader rollout H2 2024.
- Bio-Rad gets exclusive global distribution rights outside US/Germany; option for IVD rights upon FDA clearance with second equity investment.
- Transplant monitoring market estimated over $1B with 157K annual transplants and 9.1% growth.
- Bio-Rad makes initial equity investment in Oncocyte; specific amount not disclosed.