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Re: Mr Sensitivity post# 7795

Thursday, 06/20/2013 3:32:03 PM

Thursday, June 20, 2013 3:32:03 PM

Post# of 97093
I like this part of the history of Alere from answers.com. The stock went from $1.50 to $17+ then $25+:

LifeScan began phasing out its own diabetes test kits, as the ones made by Inverness were much faster. Inverness brought out the One-Touch Ultra blood sugar test kit in 2000, which gave results in only five seconds. Older test kits took two minutes to perform their analysis.
LifeScan was more dependent on Inverness as it let its own products go by the wayside. Its market share was squeezed by competitors, and it lost ground. In 2001 LifeScan purchased the diabetes monitoring business of its supplier, Inverness. The deal was worth $1.33 billion, paid for with Johnson & Johnson stock.


Read more: http://www.answers.com/topic/inverness-medical-innovations-inc#ixzz2Wmp3KfHg