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.
Foresight Group LLP
Browse the articles related to this topic below.
Join our community on Guilded.