ProPhase Labs, Inc. (NASDAQ: PRPH), a diversified medical science and technology company, announced Monday that it has completed the acquisition of Confucius Plaza Medical Laboratory Corp. (“Confucius Labs”), a Clinical Laboratory Improvement Amendments (CLIA) accredited laboratory headquartered in Old Bridge, New Jersey. The approximately 4,000 square feet lab will provide a wide range of testing for diagnosis, screening and evaluation of diseases, including COVID-19 and Respiratory Pathogen Panel (RPP) Molecular tests. The lab is owned by the Company’s new subsidiary, ProPhase Diagnostics, Inc., which was formed to aggregate medical testing business opportunities and expand the lab’s capabilities and capacity.
Read the full article: ProPhase Labs Completes Acquisition of CLIA Accredited Lab //
Source: https://www.globenewswire.com/news-release/2020/11/02/2118473/0/en/ProPhase-Labs-Completes-Acquisition-of-CLIA-Accredited-Lab-and-Provides-Corporate-Update.html