Jan. 29 at 9:21 PM
$LMDX $RHHBY
Roche diagnostics are up ~13% after Roche took over LumiraDx.
Let’s be honest.
Alere — older, lower-tech point-of-care tests — sold for
$5.8 BILLION.
LumiraDx — newer, better tech, FDA-cleared, global footprint, full workforce and pipeline — was sold for
$350 MILLION (assets only).
Roche’s share price was in the mid-
$40S around the time of the LumiraDx deal and now trades around
$50–
$55.
The market clearly sees value.
Roche is benefiting. Diagnostics are growing.
Shareholders got nothing.
That leaves only two explanations:
Either there is still a late resolution coming for shareholders,
or we were flat-out ripped off