Rapid testing devices developer announces acquisition of Accu-Stat Diagnostics, Inc.
(Science Letter Via Thomson Dialog NewsEdge)
Instant Technologies, Inc. announced that it has acquired Accu-Stat Diagnostics, Inc. of Lake Forest, California.
Accu-Stat recently obtained U.S. Food and Drug Administration (FDA) 510k clearances to sell its Accu-Stat line of home testing products for drugs of abuse, breath alcohol, cholesterol, and fecal occult blood tests over-the-counter.
This acquisition, the first of 2006, and its third in recent years, is part of Instant Technologies, Inc.'s strategy to strengthen the company's product portfolio, especially in the focus area of drugs of abuse testing.
Instant Technologies, Inc., headquartered in Norfolk, Virginia, is a developer and distributor of rapid test devices that include drug and alcohol testing, women's health, and clinical diagnostics.
This article was prepared by Science Letter editors from staff and other reports. Copyright 2006, Science Letter via NewsRx.com.