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Hologic has entered a definitive agreement to acquire Finnish-French molecular diagnostic test developer Mobidiag for an enterprise value of approximately $795 million, including $714 million in cash for equity and $81 million in net debt.
Mobidiag and Autobio Diagnostics formed a joint venture to commercialise the Novodiag platform in China, with a total investment of €12.3 million. Mobidiag holds 35% and Autobio 65%.