|IDEXX Laboratories Acquires the RADIL Reference
Laboratory from the University of Missouri
Today, I am extremely pleased to announce that MU and the College of Veterinary Medicine agreed to sell RADIL to IDEXX Laboratories, Inc. for $43 million. As many of you know, RADIL was founded in 1968 by Dr. Joe Wagner, a faculty member at the College of Veterinary Medicine. Over the past 4 decades, RADIL has grown to become one of the two largest entities providing research diagnostic testing services. This sale not only provides the College of Veterinary Medicine with programmatic resources, but also brings a new and valued partner to Columbia and the Kansas City Animal Health Corridor. Located at Discovery Ridge in Columbia, MO, it is anticipated that IDEXX Laboratories, Inc. will continue to serve the biomedical research community with biological materials testing as well as laboratory diagnostics that include serology, pathology, molecular diagnostics, microbiology, and parasitology.
IDEXX Laboratories, Inc., a world-wide leader in the animal health field is an excellent match for collaborate programs at MU and the College of Veterinary Medicine. I look forward to working with them in the future.
Neil C. Olson, DVM, PhD
Dean of the College of Veterinary Medicine
University of Missouri
A press release with additional details about the sale is available at: www.idexx.com.
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