Monday, January 21, 2008

INOVA Diagnostics Acquired by Spanish Firm

San Diego-based INOVA Diagnostics, a developer of medical diagnostic tests for autoimmune diseases, has been acquired by Barcelona, Spain-based Werfen Group S.A. Werfen did not disclose financial terms of the deal. According to Werfen, the deal is expected to close in the first quarter of 2008. INOVA develops "in viro" diagnostic tests for autoimmune diseases, and was founded in 1987; the firm employes 160 people in San Diego.