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CMS Advises Scope Fluidics on USD 30 million Conditional Payments Settlement with Bio-Rad Laboratories

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CMS has advised Scope Fluidics on an agreement with Bio-Rad Laboratories under which it received USD 30 million in settlement of conditional payments related to the sale of the Curiosity Diagnostics SPV.

Scope Fluidics is a Polish biotechnology company specializing in the design and development of projects based on microfluidic technologies in medical diagnostics and healthcare. 

Bio-Rad Laboratories is an American developer and manufacturer of specialized technological products for the life science research and clinical diagnostics markets. 

According to CMS, “in 2022, Scope Fluidics sold Curiosity Diagnostics, which develops innovative technology solutions for the medical diagnostic and healthcare markets, to Bio-Rad Laboratories, a leading US med-tech company, along with its innovative PCR|One system. Scope Fluidics received USD 100 million as part of the first phase of the transaction, a record amount in the history of the Polish life science market. This new agreement increases the value of the transaction by an additional USD 30 million, which Scope Fluidics received in one payment and unconditionally, in lieu of conditional payments originally scheduled to be paid over the next three years.”

The CMS team included Partner Rafal Morek and Counsel Jan Markiewicz.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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