20.05.2024 11:47:03 - dpa-AFX: CMA Invites Views From Interested Parties On Roche, LumiraDx Deal

SOUTH SAN FRANCISCO (dpa-AFX) - The UK's Competition and Markets Authority
or CMA said on Monday that it decided to investigate the planned acquisition by
Roche Diagnostics Limited ((RHHBY)) of certain entities held by LumiraDx Group
Limited (LMDX) and LumiraDx International Limited.

The market regulator intends to find whether the deal may result in lessening of
completion in the UK and other markets for goods and services.

As part of the move, the market regulator has issued a preliminary 'invitation
to comment' to allow interested parties to submit their views on the impact that
the transaction that could have on competition in the UK.

'The CMA has not yet launched its formal investigation into this transaction.
This invitation to comment is the first part of the CMA's information-gathering
process,' CMA said in a statement.

Last year, LumiraDx had announced it plans sell certain companies related to
LumiraDx's innovative point-of-care technology to Roche.

Under the terms of the deal, Roche will pay a purchase price of $295 million and
an additional payment of up to $55 million for the reimbursement of amounts to
fund the point of care diagnostics platform business until the closing of the
acquisition.



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