ViraCor/IBT Laboratories merge
This article was originally published in The Gray Sheet
Executive Summary
Privately-held providers of testing and clinical trial services agree to merge for undisclosed terms, creating a "new specialty diagnostics laboratory," they announce June 30. ViraCor Laboratories President John Martin, who will also serve as president of the new firm, said the merger "gives ViraCor and IBT the combined scientific know-how and national network not only to reach additional customers who could benefit from our current test menu, but also to expand our services." ViraCor, based in Lee's Summit, Mo., specializes in molecular diagnostic testing for infectious diseases. Lenexa, Ks.-based IBT focuses on immunology and allergy testing. Both companies will continue to operate their respective facilities