Standard BioTools Sells Microfluidics Business to ARCHIMED
Standard BioTools (LAB) has agreed to sell its Microfluidics business to ARCHIMED, a healthcare-focused investment firm. The deal is expected to close in about 30 days and requires customary closing conditions. This strategic move allows Standard BioTools to focus on other core areas of the company while leveraging ARCHIMED's expertise in the healthcare sector.

Tickers: $LAB
Topics: Biotechnology M&A