P&G closes diagnostics deal
This article was originally published in The Tan Sheet
Executive Summary
Procter & Gamble and Inverness Medical Innovations complete a previously announced deal to create SPD Swiss Precision Diagnostics, a 50/50 joint venture business that develops, manufactures and markets diagnostic products, the firms announce May 17. The new company is headquartered in Geneva and will be the world's leading provider of home pregnancy test and fertility/ovulation monitoring products with brands including Clearblue and Fact Plus, say the firms, which outlined plans for the partnership in January (1"The Tan Sheet" Jan. 1, 2007, p. 10)...