Add-on Acquisition • Life Science

OraSure Technologies Acquires Sherlock Biosciences

On December 19, 2024, OraSure Technologies acquired life science company Sherlock Biosciences

Acquisition Context
  • This is OraSure Technologies’ 1st transaction in the Life Science sector.
  • This is OraSure Technologies’ 2nd transaction in the United States.
  • This is OraSure Technologies’ 2nd transaction in Massachusetts.

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M&A Deal Summary

Date December 19, 2024
Target Sherlock Biosciences
Sector Life Science
Buyer(s) OraSure Technologies
Deal Type Add-on Acquisition

Target Company

Sherlock Biosciences

Watertown, Massachusetts, United States
Sherlock Biosciences is developing products that will empower people to access answers and have more control over their health decisions. Sherlock Biosciences is based in Watertown, Massachusetts.
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Buyer Overview 1

Buyer

OraSure Technologies

Bethlehem, Pennsylvania, United States

Category Company
Founded 2000
Sector Medical Products
Employees638
Revenue 186M USD (2024)
DESCRIPTION

OraSure Technologies provides point-of-care and home diagnostic tests, specimen collection devices, and microbiome laboratory and analytical services. OraSure Technologies was founded in 2000 and is based in Bethlehem, Pennsylvania.


Deal Context for Buyer #
Overall 2 of 2
Sector: Life Science 1 of 1
Type: Add-on Acquisition 2 of 2
State: Massachusetts 2 of 2
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-29 UrSure

Boston, Massachusetts, United States

UrSure, Inc. has developed a series of tests to measure and improve adherence to medications for HIV prevention and treatment. The company has received millions of dollars in NIH Small Business Innovation Research funding and commercialized the world’s first test for PrEP and HIV treatment adherence, which is in use in clinics nationwide. UrSure was formed in 2015 and is based in Boston, Massachusetts.

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