Capital FundingThe sale of laboratory testing businesses to Labcorp provides $237.5M in non-dilutive capital, which will fund the development of novel therapeutics for BioReference.
DivestmentOPKO's agreement to divest around $100 million in annual revenue to Labcorp is expected to streamline BioReference Health’s laboratory services, allowing the company to focus on high-growth and high-margin operations.
Market PositioningPositive pharmacokinetic data for OPKO Health's oral GLP-2 candidate may position the company favorably within the $2.2B short bowel syndrome market.