Omega Diagnostics sells infectious disease business for up to £2.18m

Interesting piece of industry news that explores Scottish life sciences firm Omega Diagnostics decision to begin a strategic divestment in order to realise value for shareholders in the short-term.

The firm has struck a deal to sell most of its infectious disease business to a French buyer.

The deal with Novacyt will see Alva-based Omega, which develops tests for allergies and food intolerance, receive up to £2.175 million, of which £375,000 million is subject to certain conditions being met which are estimated to take up to 12 months.

Read the full article here.

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