Billionaire philanthropists George Soros and Bill Gates are part of a buyout of Bedford based developer of lateral flow tests.
The founder of Microsoft founder joined the Soros Economic Development Fund in a deal to buy Mologic, which has developed 10-minute Covid tests that it aims to make for as little as $1.
The consortium will pump £30m into Mologic to focus on the low-cost development of tropical diseases such as dengue fever and river blindness, taking it on from current owners Foresight Group LLP and Calculus Capital.
Calculus Capital
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