Photocure ASA Acquires Vesica Health in $30.5 Million Deal

Dow Jones

Jun 05

By Dean Seal

Photocure ASA has acquired the precision diagnostics company Vesica Health in a $30.5 million cash-and-stock deal.

The Norwegian specialty pharma company said Thursday that it wanted to snag the U.S.-based Vesica's flagship urine-based molecular test AssureMDx, which provides early detection for bladder cancer.

"This transaction represents a significant step forward in our strategy to build a comprehensive bladder cancer platform," Chief Executive Dan Schneider said.

The transaction price includes a $3 million equity investment that was already completed earlier this year, an $11 million cash payment and $2.75 million payment of Photocure that was due at closing, and $13.5 million in milestone-based payments tied to Medicare reimbursements.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 04, 2026 12:52 ET (16:52 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2641169929"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2641169929\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2641169929?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-05 00:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641169929","market":"nz","top_or_hot":-1,"title":"Photocure ASA Acquires Vesica Health in $30.5 Million Deal","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/PHCUF\">Photocure ASA</a> has acquired the precision diagnostics company Vesica <a href=\"https://laohu8.com/S/HIT\">Health in</a> a $30.5 million cash-and-stock deal. \n</p>\n<p>\n  The Norwegian specialty pharma company said Thursday that it wanted to snag the U.S.-based Vesica's flagship urine-based molecular test AssureMDx, which provides early detection for bladder cancer. \n</p>\n<p>\n  \"This transaction represents a significant step forward in our strategy to build a comprehensive bladder cancer platform,\" Chief Executive Dan Schneider said. \n</p>\n<p>\n  The transaction price includes a $3 million equity investment that was already completed earlier this year, an $11 million cash payment and $2.75 million payment of Photocure that was due at closing, and $13.5 million in milestone-based payments tied to Medicare reimbursements. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 12:52 ET (16:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Photocure ASA Acquires Vesica Health in $30.5 Million Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhotocure ASA Acquires Vesica Health in $30.5 Million Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-05 00:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/PHCUF\">Photocure ASA</a> has acquired the precision diagnostics company Vesica <a href=\"https://laohu8.com/S/HIT\">Health in</a> a $30.5 million cash-and-stock deal. \n</p>\n<p>\n  The Norwegian specialty pharma company said Thursday that it wanted to snag the U.S.-based Vesica's flagship urine-based molecular test AssureMDx, which provides early detection for bladder cancer. \n</p>\n<p>\n  \"This transaction represents a significant step forward in our strategy to build a comprehensive bladder cancer platform,\" Chief Executive Dan Schneider said. \n</p>\n<p>\n  The transaction price includes a $3 million equity investment that was already completed earlier this year, an $11 million cash payment and $2.75 million payment of Photocure that was due at closing, and $13.5 million in milestone-based payments tied to Medicare reimbursements. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 12:52 ET (16:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASA","symbol_name":"ASA百慕大基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2641169929","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641169929","pubTimestamp":1780591920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Photocure ASA has acquired the precision diagnostics company Vesica Health in a $30.5 million cash-and-stock deal.The Norwegian specialty pharma company said Thursday that it wanted to snag the U.S.-based Vesica's flagship urine-based molecular test AssureMDx, which provides early detection for bladder cancer.\"This transaction represents a significant step forward in our strategy to build a comprehensive bladder cancer platform,\" Chief Executive Dan Schneider said.The transaction price includes a $3 million equity investment that was already completed earlier this year, an $11 million cash payment and $2.75 million payment of Photocure that was due at closing, and $13.5 million in milestone-based payments tied to Medicare reimbursements.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASA":"ASA百慕大基金","PHCUF":"Photocure ASA","BK4007":"制药"},"translate_title":"Photocure ASA以3050万美元收购Vesica Health","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PHCUF":1.5,"ASA":1.5},"content_text":"By Dean Seal \n\n\n \n\n\nPhotocure ASA has acquired the precision diagnostics company Vesica Health in a $30.5 million cash-and-stock deal. \n\n\n  The Norwegian specialty pharma company said Thursday that it wanted to snag the U.S.-based Vesica's flagship urine-based molecular test AssureMDx, which provides early detection for bladder cancer. \n\n\n  \"This transaction represents a significant step forward in our strategy to build a comprehensive bladder cancer platform,\" Chief Executive Dan Schneider said. \n\n\n  The transaction price includes a $3 million equity investment that was already completed earlier this year, an $11 million cash payment and $2.75 million payment of Photocure that was due at closing, and $13.5 million in milestone-based payments tied to Medicare reimbursements. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 12:52 ET (16:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}