Trinity Biotech has entered into a binding agreement for the sale of its worldwide Coagulation business to the Stago Group for $90m
Disposal of the Coagulation business
Trinity Biotech has entered into a binding agreement for the sale of its worldwide Coagulation business to the Stago Group for $90m. Of the consideration, $67.5m will be paid on closing, $11.25m on the first anniversary of closing and the remaining $11.25m on the second anniversary of closing.
In total, 320 Trinity employees will transfer to Stago and all their contractual rights and benefits under their existing employment arrangements will be honoured. Stago has committed to continue manufacturing coagulation reagents in Bray, Ireland and will invest in upgrading this facility.
They will also take over the German factory where they will continue to manufacture the Destiny range of instruments.
In addition, a number of Trinity sales and marketing personnel in the USA, UK, Germany and France will transfer to Stago.
Consequently, the active contracts with customers and distributors will be assigned to Stago under their existing terms and arrangements.

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I thought Trinity bought into
I thought Trinity bought into Amelung, when they acquired the Sigma Diagnostics line? Never heard of "Bhenk"
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Roche is buying their
Roche is buying their Coagulation Instruments from a German company Bhenk Instruments.
I am the 67yr old sole carer
I am the 67yr old sole carer for a 95 yr old father, we have amoslt no family left and rely on outside care help which until earlier this year was from local government but now is switched to a private organisation. We have gone from a superb caring system to a money making system, the ladies are quite good with my father but the organisation and management behind them is total rubbish, we get no continuity of carers, never the same times, it is a complete fiasco. My father is lucky that he has me to shout for him when needed but there must be many old ,vunerable and frightened people out there who have no one,Why does not someone out there listen to us, people should not be treated in this way, surely there should be some respect for old age.
Stago does get rid of their
Stago does get rid of their losers
I would not recommend working
I would not recommend working at Stago. Worst mistake I made was going there. Lost of micromanagement and leadership by intiminidation.
So now Tcoag has now been
So now Tcoag has now been absorbed into Stago.. Big surprise so does anyone think that this can actually solve the problems with the Destiny line.. I think not.. time to cut the losses...
Spago? No one goes there
Spago? No one goes there anymore.
No development...? IL is
No development...?
IL is developing it's ACL TOP platform and will introduce chemiluminescense-assays for coag testing on a new analyzer called Acu-star...
The segment they compete in
The segment they compete in is generic and highly commoditzed. Their future is grim at best, as they have nothing to diiferentiate themselves with. JV will bail at some point, which he has done several times before. he's not entirely to blame, but this was his chance to step up to the plate with the big job, and he's clearly struck out.
Will Stago finally claim
Will Stago finally claim ex-Sigma and Trinity employees are not in a non-compete clause and hire them now? Only the sales group false under clauses like this folks, not technical field reps who attended national sales meetings.
which companies are you
which companies are you compating to? Coag doesn't pay too much unless you are in Europe>
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Comparing it to other companies like, Roche, Quest, BD, Siemens, J&J and pharma companies. There is a reason that the Stago positions aren't being filled since April. They offer 75K for marketing positions. That's crazy. What difference does it make if its coag, micro or chemistry??
which companies are you
which companies are you compating to? Coag doesn't pay too much unless you are in Europe>
Anyone here working for
Anyone here working for Stago? I see a couple of open positions but the salaries are way lower than other competitive companies? What gives?
Trinity has a fine product
Trinity has a fine product but not the support in place to make a run at it. To little to late - Stago purchased the platform and they have the resources to work out all of the bugs therefor making this product more reliable and a sure fire slam dunk over the so called "tops".
90 million was a steal seeing that the cost in developing a system with the cutting edge technology as the latest destiny would take years and cost much.
Great move Stago!
Furthermore, I do not trust
Furthermore, I do not trust the credibility of our so-called Trinity/Stago rep, because he believes that Stago "fears" Trinity's Destiny MAX.
Diagnostics Sales 101, not only does the product have to be good, it has to have good sales/marketing behind the instrument. Furthermore, service and support need to be top notch. Trinity does not/can not provide that to a "high-volume" Destiny MAX customer. Trinity has a great instrument on its hands, Stago does not have anything in it's pipeline with the terminated STA Keros. It was a match made in heaven, if you ask me.
However, this Tcoag business is full of hot-air. Just goes to show that Stago acquired Trinity to let the business burn... all they wanted was the instrument; the customers are done for!
Looks like we have a
Looks like we have a Trinity/Stago sales rep among us. Watch out, he might try to sell you a Destiny Plus.
The Machine Amax Destiny that
The Machine Amax Destiny that Trinity Biotech is yet developing, and began to market before being fully developed. It is the cause of the problems that currently generate customers
There is no such instrument
There is no such instrument as the Amax Destiny Pro, its the Amax Destiny Plus, so I question the posters credibility.
Fact: 90% of all trouble calls placed for the Destiny Plus were generated by the same 10% of the installed customer base. Draw your own conclusions there.
There is a Destiny Plus customer in the US who runs 600+ samples DAILY and they have had 1 minor service call in a 9 month span.
Stago bought Trinity because they FEAR the Destiny Max. The Destiny Max has some truly ground breaking technology in it and has proved to be the only real innovative product in the marketplace. The Trinity product line is not going anywhere but up.
No, I did not drink the Kool-Aid..........
Stago's NJ office is simply a
Stago's NJ office is simply a branch of Diagnostica Stago a FRENCH company. As stated previously, while there is no direct link to Roche, Stago does depend on Roche to distribute their products in many countries, so Roche's importance to Stago is quite high (for the coagulation side at least)
Roche has nothing to do with
Roche has nothing to do with Stago. DSI is it's own company based in NJ. Their product line is the Star Evolution, Compact and Satellite. By bying Trinity all they do is get the reagents to run on the Stago line of instrumentation and customer base. The Trinity product line will disappear!
Wow, Stago really screwed by
Wow, Stago really screwed by buying Trinity. I have heard that Stago is a really good company. The Amax Destiny Pro is a piece of crap. The machine is constantly giving our facility problems. If you are considering buying one beware that the Amax Destiny Pro is NOT made for small volume labs. We were having all kinds of QC issues and were told by the company that if the machine sits for more than one hour that it needs to be primed twice and the reagents have to be gently mixed before anything can be ran. Wow, what a waste of Destiny Prowash and reagents. This has actually cleared up some of our QC issues, but how is someone to explain why the company waited so long to tell us this. Try explaining all of these QC issues to CAP. Also, take a look at the peer group for QC and CAP surveys for this machine it is really sad, there are only a few people in the peer group.
No competition, no
No competition, no development. This is going to be like Microbiology analyzers where only 2-3 companies participate.
Technically you are right,
Technically you are right, but Stago depends heavily upon Roche for distribution of their products in many markets
Roche has nothing to do with
Roche has nothing to do with Stago. Stago is its own company.
Looks like Stago bought a
Looks like Stago bought a $90M boat anchor. They need to lay off the French wine at Breakfast
What is left ? Smaller
What is left ? Smaller companies like Technoclone or Hyhpen who are not driven by automation adn money and so enough developement potential !
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Has it something to do with
Has it something to do with new anticoagulant drugs with no need for INR monitoring?
So, what is
So, what is left?
IL-BeckmanCoulter, Behring(Siemens), Stago(Roche). 3 - no competition no dvelopement....
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