Gen-Probe Pays $53M for GTI Diagnostics

12/16/10

San Diego’s Gen-Probe (NASDAQ: GPRO), which specializes in molecular diagnostic products and services, says today it paid $53 million in cash to acquire GTI Diagnostics, a Waukesha, WI-based company focused on transplant diagnostics. In a statement this morning, Gen-Probe CEO Carl Hull says, “The acquisition gives us access to growing coagulation and transfusion-related blood bank products that we can sell to our current customer base.” GTI develops and manufactures the human leukocyte antigen (HLA) antibody detection products sold by Gen-Probe under its LIFECODES brand, along with a number of other HLA-related testing products. The sellers included the Riverside Company, a global private equity firm, and individual stakeholders, including GTI founders and executives.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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