M&A

CANDOR Biosciences, a supplier in immunoassay solutions, has been acquired by Medix Biochemica, a supplier of raw materials for in vitro diagnostics (IVD). This will support the vision from Medix Biochemica to become the first-in-choice partner for raw materials in the IVD industry.

Medix Biochemica claims that the acquisition will strengthen its range of materials, continuously ensuring high quality. Additionally, the acquisition enhances its capabilities in immunoassay development, supporting test manufacturers.

Co-founders and managing directors of CANDOR Bioscience, Dr Tobias Polifke and Dr Peter Rauch, stated: "Joining forces with Medix Biochemica is an exciting milestone for CANDOR. We are proud of our legacy in providing differentiated, high-performance solutions for immunoassay development, and we share Medix Biochemica’s commitment to quality and innovation. By combining our capabilities and offerings, we will be better positioned to support the evolving needs of our customers. Medix Biochemica’s products, including antibodies and quality control materials, perfectly complement our solutions, enhancing the value we offer to partners in the IVD industry".

CANDOR biosciences will continue to be based in Germany, where the company’s headquarters have been situated since its founding in 2004. The company will also retain its specialty for stabilisers and blockers, which are currently being used globally. The sum of the acquisition has not been disclosed.

“We are delighted to welcome CANDOR into the Medix Biochemica family. The partnership with CANDOR strengthens Medix Biochemica’s ability to support our customer base by adding complementary expertise in immunoassay development and broadening our offering of critical IVD raw materials with a leading portfolio of premium blockers and stabilisers. Together, we will continue to provide the highest quality raw materials that enable diagnostic innovation, and we look forward to a successful collaboration with the CANDOR team,” commented CEO of Medix Biochemica Steve Ferguson.