White & Case Advises Biosynex on Merger Agreement With Chembio Diagnostics, Inc.

Global law firm White & Case LLP has advised Biosynex SA, a market-leading designer and distributor of rapid diagnostic tests, on its entry into a definitive merger agreement with Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leading point-of-care diagnostics company focused on infectious diseases, under which Biosynex will acquire Chembio by an all-cash tender offer for US$.45 per share.

The acquisition combines two leading rapid diagnostic test companies. Upon closing of the transaction, Biosynex will operate Chembio and its 100 percent owned German, Brazilian and Malaysian subsidiaries as a wholly owned group.

Based in France, Biosynex, designs, manufactures and distributes rapid diagnostic tests as well as diagnostic equipment for healthcare professionals and the general public, aiming to improve patient care through quick results and ease of use. Biosynex provides pharmacies and professional healthcare settings with a diversified portfolio of rapid tests covering different market segments including infectious disease and women’s health tests, point-of-care devices and molecular diagnostics systems. 

The White & Case team was led by M&A partners James Hu (New York) and Marc Petitier (Paris), and included M&A associates Cristen Callan, Joseph Tawil, Pratyusha Srikakulam, Catherine McNally, Anael Shimony (all in New York) and Olivier Paris (Paris); Capital Markets associates Melissa Curvino (New York) and Charlotte Wright (Paris); Intellectual Property partner Andres Liivak (New York), counsel Ajita Shukla (Washington, DC) and Katharine Pearce (Silicon Valley); Employment, Compensation & Benefits partner Victoria Rosamond, counsel Aaron Feuer and associate Anthony Veveakis (all in New York); White Collar partner Lauren Papenhausen and associate Sandra Gonzalez Sanchez (both in Boston); Commercial Litigation counsel Robert Tiedemann (New York); Data, Privacy and Cybersecurity partner F. Paul Pittman (Washington, DC) and associate Abdul Hafiz (New York); Real Estate partner Steven Lutt (New York) and counsel Amy Kurland (Chicago); Environmental & Climate Change partner Seth Kerschner (New York); Foreign Direct Investments partners Farhad Jalinous, Keith Schomig (both in Washington, DC) and Orion Berg (Paris), and Local Partner Thilo Wienke (Dusseldorf); Antitrust partners Rebecca Farrington (Washington, DC) and Jeremie Marthan (Paris), and associates Allain Andry (Washington, DC) and Camille Coulon (Paris); and Tax partner Sang I. Ji and associate Narissa Lyngen (both in New York). Law clerk Marco Paternoster also assisted on the matter.

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