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You are here: Home / Press Release / Convergence Healthcare Advises Lumora in the sale of its Heat Elution technology and IP to Roche

Convergence Healthcare Advises Lumora in the sale of its Heat Elution technology and IP to Roche

August 24, 2015 by Convergence Healthcare Advisors

PLEASANTON, Calif., Aug. 24, 2015 /PRNewswire/ — Roche (SIX: RO, ROG; OTCQX: RHHBY) has signed a definitive asset purchase agreement with Lumora for products associated with the unique, patent-protected Heat Elution1 technology for nucleic acid purification of multiple sample types including challenging formalin-fixed paraffin-embedded (FFPE) tumor samples. Roche plans to explore integrating this technology into its sequencing workflow solution.

Today, nucleic acid purification technology from specimens including formalin-fixed tissues can be cumbersome and inefficient. Lumora’s highly differentiated proprietary methodology will enable simple and automated nucleic acid isolation in minutes instead of hours. In addition, the technology is environmentally friendly and can be applied to process a wide variety of sample types including whole blood, fecal matter, sputum, FFPE tissue and buccal swabs.

http://www.prnewswire.com/news-releases/roche-purchases-innovative-nucleic-acid-purification-technology-from-lumora-to-enhance-sample-preparation-for-sequencing-300131824.html

Filed Under: Press Release Tagged With: Heat Elution, Lumora, Roche

The principals of Convergence Healthcare Advisors LLC and Seven Hills Healthcare Advisors LLC are licensed investment banking agents, offering securities through M&A Securities Group, Inc., an unaffiliated broker-dealer. Member FINRA/SIPC. 4151 N. Mulberry Drive, Suite 252 Kansas City, MO 64116.

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