Trinity Biotech's Stock Rises After Acquisition of Metabolomics [Yahoo! Finance]
Trinity Biotech plc - American Depositary Shares (TRIB)
Last trinity biotech plc - american depositary shares earnings: 10/26 08:00 am
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Source: Yahoo! Finance
The acquired company specializes in the development of novel biomarker-based diagnostic solutions for complex diseases and is likely to improve diagnostic accuracy using mass spectrometry and machine learning for Trinity Biotech. Trinity Biotech's deal values Metabolomics Diagnostics at approximately $1.3 million. Trinity Biotech will pay the amount with just over 270,000 Trinity Biotech plc's American Depositary Shares and the rest in cash and assumption of liabilities. Trinity Biotech's acquisition of Metabolomics Diagnostics will expedite the U.S. commercialization of the PrePsia preeclampsia test, which leverages mass spectrometry and machine learning for personalized risk assessment. This technology will enhance Trinity's existing maternal health diagnostics and serve as a long-term growth driver alongside its continuous glucose monitoring technology. The acquisition aligns with Trinity's strategy to integrate its manufacturing expertise and Immco reference lab with Metabol
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News
- Trinity Biotech Announces Q3 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Trinity Biotech Announces Q3 2024 Financial ResultsGlobeNewswire
- Trinity Biotech to Announce Q3 2024 Financial ResultsGlobeNewswire
- Trinity Biotech Regains Compliance with Nasdaq Listing Requirements [Yahoo! Finance]Yahoo! Finance
- Trinity Biotech Regains Compliance with Nasdaq Listing RequirementsGlobeNewswire
TRIB
Sec Filings
- 11/15/24 - Form F-3
- 11/15/24 - Form 6-K
- 11/14/24 - Form SC
- TRIB's page on the SEC website