GE Acquires Cell Culture Media and Sera Assets from Thermo Fisher Scientific - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

GE Acquires Cell Culture Media and Sera Assets from Thermo Fisher Scientific



GE Healthcare and Thermo Fisher Scientific have entered into an agreement for GE to acquire Thermo Fisher’s HyClone cell culture media and sera, and gene modulation and magnetic beads businesses for approximately $1.06 billion. The acquisition will allow GE to expand its technologies for the discovery and manufacturing of new medicines, vaccines, and diagnostics in its life sciences business. GE’s acquisition of the businesses, which is subject to regulatory approvals, is anticipated to close in the first part of 2014.

Thermo Fisher’s HyClone cell culture media and sera products are complementary to GE Healthcare’s technologies for cell biology research and biopharmaceutical manufacturing, allowing GE to offer a wider range of technologies and services.

GE will also acquire Thermo Fisher’s gene modulation technologies, which complement GE’s established technologies for drug discovery research, and the Sera-Mag magnetic beads product line, which extends GE’s existing technologies in protein analysis and medical diagnostics.

The three acquired businesses generated combined annual revenues of approximately $250 million in 2013.

In November 2013, the European Commission (EC) cleared the proposed acquisition of Life Technologies by Thermo Fisher Scientific conditioned on Thermo Fisher Scientific’s divestments of three business lines, including media and sera for cell culture. The EC determined that in these areas, the merger, as initially notified, would have significantly reduced competition.

Source: GE Healthcare

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
33%
Breakthrough designations
11%
Protecting the supply chain
39%
Expedited reviews of drug submissions
11%
More stakeholder involvement
6%
View Results
Jim Miller Outsourcing Outlook Jim Miller Health Systems Raise the Bar on Reimbursing New Drugs
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerThe Mainstreaming of Continuous Flow API Synthesis
Jill Wechsler Regulatory Watch Jill Wechsler Industry Seeks Clearer Standards for Track and Trace
Siegfried Schmitt Ask the Expert Siegfried SchmittData Integrity
Sandoz Wins Biosimilar Filing Race
NIH Translational Research Partnership Yields Promising Therapy
Clusters set to benefit from improved funding climate but IP rights are even more critical
Supplier Audit Program Marks Progress
FDA, Drug Companies Struggle with Compassionate Use Requests

Click here