France's bioMérieux to invest 70 mln stg in Oxford Nanopore

Biomerieux SA

19/10/2023 07:36

Oct 19 (Reuters) - France's bioMérieux  BIOX.PA  will
invest 70 million pounds ($85 million) in Britain's Oxford
Nanopore Technologies  ONT.L , the companies said in a joint
statement on Thursday. 
    The medical diagnostic technology firm also expects to make
further purchases up to 3.5% of Oxford Nanopore stock, they
said. 
    Oxford Nanopore, a leader in in vitro diagnostics, also
reconfirmed it aims for breakeven adjusted EBITDA by the end of
2026. 

 (Reporting by Pierre John Felcenloben; editing by Jason Neely)
 ((PierreJohn.Felcenloben@thomsonreuters.com;))