Company Name Claros Diagnostics
Mailing Address 4 Constitution Way Woburn, MA 01801
Company Description Claros has developed a novel handheld immunoassay system incorporating a lab-on-a-chip configuration which produces high performance quantitative laboratory blood test results with the ease-of-use of rapid qualitative diagnostic test strips. The Claros device will enable the physician to quantitatively analyze a blood sample in the office, allowing completion of the examination within the timeframe of the visit.
M&A Terms The buyout amounts to at least a $30 million payment of combined cash and stocks, with the potential for another $19 million paid to Claros, based on milestone achievements, OPKO reported in a regulatory filing.