| Abbott completes buyout of lab informatics firm Starlims | Posted on 23/03/2010 in Medical Company Financials Abbott has finalised its takeover of laboratory information management systems specialist Starlims in a move which will expand its presence in the sector.
The acquisition of Starlims is valued at $123 million (82 million pounds) and allows Abbott to gain access to a number of technologies related to data storage and analysis for clinical, scientific and industrial laboratories.
Abbott has identified this area as a rapid growth market due to the increasing amount of data which laboratories must now process and is now looking to expand its range of product offerings.
Edward Michael, executive vice-president of diagnostics products at Abbott, said the technology and expertise acquired from Starlims will allow it to pursue this long-term strategy.
He added: "The acquisition enables us to provide a common informatics framework across all of our diagnostics businesses and, equally important, will help accelerate Starlims' growth strategy in non-diagnostics market segments."
Last week, the company published trial results for its catheter-based MitraClip system for mitral regurgitation, which demonstrated its efficacy and benefits.Other news stories from 23/03/2010
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