Qiagen signed up to distribute the mid- and high-throughput versions of NeuMoDx’s PCR automation systems in major markets outside the U.S. in 2018. The agreement saw Qiagen take a 20% stake in its new partner and secure an option to buy the remaining 80% for $234 million, plus adjustments for cash, indebtedness and transaction costs. Since then, Qiagen and NeuMoDx have worked to expand the test menu, most recently in response to COVID-19.
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