Inverness Medical Innovations

MedCity Influencers

Personal health firm Alere hopes to raise $350 million

Alere Inc. (NYSE:ALR), formerly Inverness Medical Innovations, announced plans to issue a $350 million debt offering to foreign institutional investors. The Waltham, Mass.-based personal health firm said it would issue the debt as senior subordinated notes via a private placement under regulatory rules that don’t require the securities to be registered. Under Regulation S of […]

Devices & Diagnostics

Inverness Medical battling to sell Biosite’s diagnostic products in China

Inverness Medical Innovations Inc. (NYSE:IMA) and a Chinese medical products distributor, Chinmax Medical Products Inc., are embroiled in a dispute over the rights to sell Inverness subsidiary Biosite’s Triage line of diagnostic products in the People’s Republic. Shanghai-based Chinmax claims to hold the exclusive right to distribute the Triage brand in China and filed suit […]