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Bruker Announces Majority Acquisition of RECIPE, a Leading Provider of Mass Spectrometry-based Diagnostic Assay Kits for Therapeutic Drug Monitoring

1. BRKR announces a majority stake in RECIPE Chemicals, enhancing diagnostics capabilities. 2. RECIPE provides vendor-agnostic therapeutic drug monitoring systems in Europe.

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$38.4304/16 06:05 AM EDTEvent Start
$36.3104/17 12:44 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition positions BRKR strategically in the growing diagnostics market. Similar acquisitions historically increased stock values through expanded service offerings.

How important is it?

The acquisition indicates a strategic expansion that could enhance BRKR's market presence, driving future revenues.

Why Long Term?

This investment is likely to yield significant value over years as drug monitoring systems gain traction. Previous investments in diagnostics have shown long-term revenue growth.

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LHABTTMO
MUNICH--(BUSINESS WIRE)---- $BRKR #BRKR--Bruker Corporation (NASDAQ: BRKR) today announced a majority investment in RECIPE Chemicals + Instruments GmbH, based in Munich, Germany. RECIPE is a leading European provider of vendor-agnostic therapeutic drug monitoring (TDM) and other clinical in vitro diagnostic kits for LC-MS/MS, HPLC, and ICP-MS assays. Financial details of the transaction were not disclosed. RECIPE has over 60 employees and continues to operate under the leadership of Managing Director Dr. Gerno.

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