Features | Partner Sites | Information | LinkXpress
Sign In
Demo Company

GE’s USD 1 billion Biotech Acquisitions from Thermo Fisher to Boost Discovery of New Drugs and Diagnostic Products

By Doris Mendieta
Posted on 02 Feb 2014
Image: Thermo Fisher Scientific\'s HyClone line of cell culture media and sera will be integrated into GE Healthcare\'s life science division (Photo courtesy of Thermo Fisher Scientific).
Image: Thermo Fisher Scientific\'s HyClone line of cell culture media and sera will be integrated into GE Healthcare\'s life science division (Photo courtesy of Thermo Fisher Scientific).
GE Healthcare (Chalfont St. Giles, United Kingdom) is set to purchase Thermo Fisher Scientific's (Milford, MA, USA) HyClone line of cell culture media and sera, as well as Thermo Fisher's gene modulation and magnetic beads businesses. Cost of the transaction is estimated at approximately 1.06 billion USD.

Thermo Fisher’s well respected HyClone cell culture media and sera products will complement GE Healthcare’s established technologies for cell biology research and biopharmaceutical manufacturing, which will enable GE Healthcare to offer its customers a substantially wider range of technologies and services.

John Dineen, president and CEO of GE Healthcare said, “Life sciences is one of our strongest and fastest-growing business areas, driven by the world’s demand for improved diagnostics and new, safer medicines. Combining GE’s engineering expertise with our capabilities in life sciences is already bringing great benefits to industry, research, and patients. This deal makes a good business even better and will help us realize our vision of bringing better healthcare to more people at lower cost.”

Kieran Murphy, president and CEO of GE Healthcare’s life sciences division said, “We look forward to the HyClone cell culture and other businesses joining the GE family. They are a great fit with our key areas of focus, and bring exciting new technologies, enhanced manufacturing capabilities as well as a great group of talented people to help grow our business. In addition to providing us with new approaches to drug discovery and biomedical research, this acquisition is a significant step forward for our customers in biopharmaceutical manufacturing. They will benefit immediately from an expanded range of “start-to-finish” technologies that will help them improve product yields and reduce time-to-market. By expanding our production facilities to three continents, we will be able to offer the biopharmaceutical industry greater confidence in the security of supply of cell culture media and sera, a key part of their production process.”

Related Links:

GE Healthcare 
Thermo Fisher Scientific



view channel
Image: representation of a protein (blue), which contains three zinc fingers in complex with DNA (orange). The coordinating amino acid residues and zinc ions (green) are highlighted (Photo courtesy of Wikimedia Commons).

Molecular Sensors Generated by Synthetic Biology Technique Using Intein-Based Protein Splicing

Biotech researchers have used intein-based protein splicing to generate synthetic protein components that are able to detect specific DNA sequences and subsequently trigger a desired intracellular response... Read more

Drug Discovery

view channel
Image: Endoscopic image of a bowel section known as the sigmoid colon afflicted with ulcerative colitis. The internal surface of the colon is blotchy and broken in places (Photo courtesy of Wikimedia Commons).

Orally Delivered Curcumin-Loaded Microparticles Effectively Treat Mouse Model of Ulcerative Colitis

Microparticles (MPs) loaded with the efficient anti-inflammatory agent curcumin were found to effectively treat a mouse model of ulcerative colitis. Ulcerative colitis is a chronic relapsing disease... Read more

Lab Technologies

view channel

New Genomic Research Kit Simplifies Exome Studies

An exciting new tool is now available for biotech researchers working in the field of genomic analysis. The human exome is critical to our genetic make-up and is generally accepted as having the greatest influence on how the genetic blueprint is utilized. The exome is defined as all coding exons in the genome and is... Read more


17 Oct 2015 - 21 Oct 2015
25 Oct 2015 - 29 Oct 2015
16 Nov 2015 - 19 Nov 2015
Copyright © 2000-2015 Globetech Media. All rights reserved.