Features | Partner Sites | Information | LinkXpress
Sign In
PURITAN MEDICAL
Demo Company
GLOBETECH PUBLISHING LLC

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



Channels

Genomics/Proteomics

view channel
Image: An activated PTEN dimer that contains two non-mutant proteins (A) can transform the functional lipid (D) on the cellular membrane (E) into a chemical form that tunes down cancer predilection. Dimers that contain a mutated protein (B) or PTEN monomers cannot transform the functional lipid (Photo courtesy of Carnegie Mellon University).

PTEN Requires a Stable Dimer Configuration to Effectively Suppress Tumor Growth

Molecular structural analysis has shown that the PTEN (phosphatase and tensin homolog) tumor suppressor can function effectively only when two wild-type alleles are present to form a stable dimer that... Read more

Lab Technologies

view channel
Image: The ChilliBlock modular system for precise, controlled cooling and heatingof biological samples (Photo courtesy of Asynt).

Modular Cooling/Heating System Safeguards Temperature-Sensitive Biological Samples

A new modular system designed for precise, controlled cooling and heating of biological samples in microplates, vials and Eppendorf tubes is now available for biotech, clinical, and life science laboratories.... Read more
 
Copyright © 2000-2015 Globetech Media. All rights reserved.