Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News Abbott completes buyout of lab informatics firm Starlims

Abbott completes buyout of lab informatics firm Starlims

23rd March 2010

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.

We currently have 6 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.