GE Healthcare to Acquire Xcellerex - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

GE Healthcare to Acquire Xcellerex


ePT--the Electronic Newsletter of Pharmaceutical Technology

On Mar. 7, 2012, GE Healthcare announced an agreement to acquire Xcellerex, a supplier of manufacturing technologies for the biopharmaceutical industry, for an undisclosed amount.

According to a press release, the acquisition will allow GE Healthcare to expand its offering of products and services for the manufacture of biopharmaceutical products such as recombinant proteins, antibodies, and vaccines. Xcellerex develops and produces turn-key biomanufacturing systems and production-scale bioreactors based around single-use components, including single-use bioreactor systems that are complementary to GE Healthcare’s products and range of media for cell culture. The companies believe that the strong strategic fit between the two companies, combined with expanded capabilities in product development and marketing, will offer significant customer benefits.

Nigel Darby, vice-president of BioTechnologies, and chief technology officer of GE Healthcare Life Sciences says in the release, “GE and Xcellerex share the vision that an integrated approach, where we can help customers optimize every stage of their manufacturing process, has the potential to increase production flexibility and to deliver higher yields of finished product while reducing time to market. With the global focus on spiraling health costs and the need for sustainable healthcare, these are critical issues for the industry.”

Guy Broadbent, president and CEO of Xcellerex, adds, “The integration of Xcellerex’s products with GE Healthcare’s complementary capabilities in upstream and downstream bioprocessing will help bring great benefits to our customers.”

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

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

Survey
Which of the following business challenge poses the greatest threat to your company?
Building a sustainable pipeline of products
Attracting a skilled workforce
Obtaining/maintaining adequate financing
Regulatory compliance
Building a sustainable pipeline of products
27%
Attracting a skilled workforce
27%
Obtaining/maintaining adequate financing
14%
Regulatory compliance
32%
View Results
Eric Langer Outsourcing Outlook Eric LangerBiopharma Outsourcing Activities Update
Cynthia Challener, PhD Ingredients Insider Cynthia Challener, PhDAppropriate Process Design Critical for Commercial Manufacture of Highly Potent APIs
Jill Wechsler Regulatory Watch Jill Wechsler FDA and Manufacturers Seek a More Secure Drug Supply Chain
Sean Milmo European Regulatory WatchSean MilmoQuality by Design?Bridging the Gap between Concept and Implementation
Report: Pfizer Makes $101 Billion Offer to AstraZeneca
Medicare Payment Data Raises Questions About Drug Costs
FDA Wants You!
A New Strategy to Tackle Antibiotic Resistance
Drug-Diagnostic Development Stymied by Payer Concerns
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here