Novacyt SA - Paris-based biotechnology group focused on clinical diagnostics - INEX Innovate Pte Ltd terminates talks for acquisition of Yourgene Health Taiwan Co Ltd that had been announced by Yourgene Health PLC in June last year before Yourgene was acquired by Novacyt. As a result, Yourgene's Taiwanese laboratory business will remain part of Novacyt. Says the board does not consider the divestment material and will continue to evaluate a number of options over the future of the Taiwanese laboratory business that "offer the best value to all stakeholders". Novacyt completed its takeover of Yourgene Health for around GBP17 million in cash back in September.
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By Greg Rosenvinge, Alliance News senior reporter
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