Co-Diagnostics to buy Idaho Molecular, Advanced Conceptions

2020 04 14 22 00 7772 Business Men Handshake 400

Utah-based molecular diagnostics company Co-Diagnostics has entered a definitive agreement to acquire Idaho Molecular and Advanced Conceptions, two companies it has been working with on the development of an at-home diagnostic device.

Co-Diagnostics said it expects the acquisition will streamline the commercialization of the Eikon platform and YourTest polymerase chain reaction (PCR) device as it nears completion and prepares for a market release with an easy-to-use, sample-to-result COVID-19 test.

The company expects the agreements to close before the end of 2021 and said the transactions will provide it with all intellectual property related to the platform.

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