QIAGEN Invests in Early Detection
Cellestis has commercialized the QuantiFERON-TB Gold In-Tube test for the detection of latent tuberculosis and the QuantiFERON-CMV(4) test for monitoring the risk for cytomegalovirus disease. QIAGEN stated that the technology allows for the detection of latent infections, most of which cannot be detected using DNA-based molecular diagnostics, and that the technology can be applied to prevention, profiling and personalized health care applications. This is QIAGEN’s latest investment in diagnostics. Earlier this year, the company acquired a stake in Alacris Theranostics, whose ModCell technology is used to develop individualized cancer treatment strategies based on genomic profiles, and became a strategic investor in EyeSense, a developer of ophthalmic self-diagnostic systems for glucose monitoring of diabetes patients.
Venlo, The Netherlands and Melbourne, Australia 4/3/11—QIAGEN has agreed to acquire Cellestis for AUD 341 million ($355 million = AUD 0.96 = $1) in cash, or AUD 3.55 ($3.70) per share, a 24% premium to the closing price on April 1. Cellestis is in the early stages of commercializing diagnostic tests based on its QuantiFERON-CMV technology for early disease detection and monitoring. QuantiFERON-CMV tests whole blood samples for the presence of systemically amplified molecular analytes, which provide information from the immune system’s memory. “Cellestis has developed a technology that is highly complementary to our portfolio and which we expect to migrate onto our QIAsymphony, QIAensemble and our point-of-need platforms, thereby adding a new, unique assay menu to these QIAGEN platforms,” stated QIAGEN CEO Peer Schatz. In fiscal 2010, Cellestis’s revenues grew 17% to AUD 40.4 million ($42.0 million), and adjusted operating profit rose 26% to AUD 10.2 million ($10.6 million). The acquisition is expected to be moderately dilutive to 2011 adjusted EPS and $0.02–$0.03 accretive to adjusted EPS in 2012. QIAGEN expects sales of QuantiFERON products to grow in double digits in 2012.

