BioMérieux, a medtech firm based in France, is to acquire US rival BioFire, a spin-out of the University of Utah, for $450m.
Launched 20 years ago, the Salt Lake City-based BioFire specialises in producing FilmArray, a medical diagnostics kit which can identify 20 bacterial and viral infections in one hour. As part of the deal, which will see BioMérieux acquire 100% ownership of BioFire, the French medtech will not only be able to add FilmArray to its own product line-up,…
In 2020, Stellenbosch University launched Africa's first-ever university venture fund focused on spinouts — here's how it's reshaping the country.
Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
