Quidel Corp. announced Wednesday that it has acquired amajority interest in its largest European fertility productdistributor, Tecnolab International B.V. of Alkmaar of theNetherlands.
The San Diego (NASDAQ:QDEL) company did not disclose detailsof the acquisition.
Tecnolab currently distributes Quidel's fertility productstogether with other immunoassay and genetic probe diagnosticproducts to specialized fertility clinics, clinical labs andresearch labs.
Quidel intends to relocate the management of its Europeanbusiness to the Netherlands to create a base for establishingdistribution of its Conceive One-Step Ovulation and PregnancyTests to the home testing market in selected Europeancountries. The U.S. FDA last week approved the homepregnancy test for marketing, and Quidel has been marketingits Conceive ovulation test to U.S. consumers since last summer.
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