Thermo Fisher Scientific

Last updated

Thermo Fisher Scientific Inc.
Company type Public
Industry
Predecessors
Founded1956;68 years ago (1956)
Headquarters Waltham, Massachusetts, U.S.
Area served
Worldwide
Key people
ProductsAnalytical/other equipment and instruments, laboratory reagents and consumables, science software and services—for research, discovery, analysis, and manufacturing (incl. pharmaceutical and diagnostic products)
RevenueDecrease2.svg US$42.86 billion (2023)
Decrease2.svgUS$6.859 billion (2023)
Decrease2.svgUS$5.955 billion (2023)
Total assets Increase2.svgUS$98.73 billion (2023)
Total equity Increase2.svgUS$46.74 billion (2023)
Number of employees
c. 122,000 (2023)
Website www.thermofisher.com OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
Financials as of December 31,2023 [1]
Thermo Fisher Scientific's previous headquarters in Waltham, Massachusetts Thermo Fisher headquarters.jpg
Thermo Fisher Scientific's previous headquarters in Waltham, Massachusetts
Thermo Fisher Scientific office in Canada ThermoFisherScientific2.jpg
Thermo Fisher Scientific office in Canada

Thermo Fisher Scientific Inc. is an American-headquartered life science and clinical research company. It is a global supplier of analytical instruments, clinical development solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), [2] Alfa Aesar (2015), [3] Affymetrix (2016), [4] FEI Company (2016), [5] BD Advanced Bioprocessing (2018), [6] and PPD (2021). [7]

Contents

As of 2023, the company had a market capitalization of $202 billion. It ranked 97th on the Fortune 500 list based on its 2022 annual revenue of US$44.92 billion. [8]

History

Predecessors and merger

Thermo Electron was co-founded in 1956 by George N. Hatsopoulos and Peter M Nomikos. Hatsopoulos received a PhD from MIT in mechanical engineering and Nomikos was a Harvard Business School graduate. [9] The company focused on providing analytical and laboratory products, and had revenues of over $2 billion in 2004. [10]

Fisher Scientific was founded in 1902 by Chester G. Fisher from Pittsburgh. [11] [12] It focused on providing laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety, and education. [13]

On May 8, 2006, Thermo Electron and Fisher Scientific announced that they would merge in a tax-free, stock-for-stock exchange; the merged company was named Thermo Fisher Scientific, and had about 30,000 employees, and reported US$9 billion in combined revenue. [14] On November 9, 2006, the companies announced that the merger had been completed. [15] However, the Federal Trade Commission ruled that this acquisition was anti-competitive regarding centrifugal evaporators, requiring Fisher to divest Genevac. [16] In April 2007, Genevac was sold to Riverlake Partners LLC [17] and the merger closed with FTC approval. [18]

The company's products are sold under the brand names of Thermo Scientific, Fisher Scientific, and several other recognized brand names (e.g. Applied Biosystems, Invitrogen, Patheon, PPD, and Nalgene). According to company figures, as of 2007, 46% of its sales were in life sciences, 20% in healthcare, and 34% in industrial/environmental and safety. [13]

Acquisition history

In 1990, Thermo Fisher Scientific (then known as Thermo Instrument Systems) acquired mass spectrometer manufacturer Finnigan Instrument Corporation. [19]

In 2003, the company (then Fisher Scientific International) acquired Perbio Science, a transaction that included brands such as Pierce Biotechnology, HyClone and Endogen. [20] In April 2006, BioImage was acquired by Thermo Fisher Scientific. [21] The merger was complete in November 2006, and technology transfer to a US site was completed during 2007 and 2008. [22] [23] BioImage was established in 1993 as a drug discovery research unit led by Ole Thastrup within Novo Nordisk, from which it spun out of in 1999. It had specialized in developing and selling proprietary bioassays to biopharmaceutical companies and research institutions. It made broad patents covering Enhanced GFP (EGFP), GFP-based biosensors and any genetically encoded protein fusion to a luminophore, with subsequent monitoring of the protein's translocation within a cell as the primary readout for drug discovery assays. [24]

In December 2010, Thermo Fisher Scientific announced its acquisition of Dionex for $2.1 billion. [25]

In May 2011, Thermo Fisher Scientific Inc. bought Phadia to expand into the testing of allergies and autoimmune diseases for €2.47 billion ($3.5 billion) in cash. [26]

In April 2013, after a competitive bidding with Hoffmann-La Roche, [27] Thermo Fisher acquired Life Technologies Corporation for US$13.6 billion in a deal, adding further service lines related to advanced DNA sequencing and genetic testing. [28] Life Technologies was originally formed in 2008 through a $6.7B merger of Invitrogen, a cell therapy, and Applied Biosystems. [29] The company also acquired GIBCO (Grand Island Biological Company) as part of the Life Technologies acquisition. [30]

In February 2015, the company announced it would acquire Advanced Scientifics for $300 million in a cash-deal. ASI designs manufactures, and delivers technologies used in bioprocessing. [31] In June 2015, the company announced its intention to acquire Alfa Aesar, a global manufacturer of research chemicals for $405 million [32] from Johnson Matthey, and the acquisition was completed at the end of September [33]

In January 2016, the company announced it would acquire Affymetrix for $1.3 billion. [34] On May 27, 2016, the company announced it would acquire FEI Company for $4.2 billion, a manufacturer of electron microscopes. [35] [36] This acquisition is anticipated to close in early 2017 and will contribute to the growth of Thermo's Analytical Instruments business group. [37] In November the company announced it would acquire MTI-GlobalStem, a previously privately held company that develops reagents for cell transfection, neurobiology and stem cell research. [38]

In February 2017, the company acquired Finesse Solutions, Inc., developer of scalable control automation systems and software for bioproduction after receiving early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. [39] The transaction was completed a day later. [40] In March, the company announced it would acquire Core Informatics, provider of cloud-based platforms supporting scientific data management. [41] In August, the company acquired Patheon, a contract development and manufacturing organization serving the pharmaceutical and biotechnology sectors, for approximately $7.2 billion. [42] As of 2017, the company had revenues of $20.9 billion, and was a Fortune 500 company. [43]

In September 2018, Thermo Fisher Scientific announced it had signed a definitive agreement with Becton, Dickinson and Company (BDX) to acquire their Advanced Bioprocessing business. This BD business had annualized revenue of approximately $100 million; as of October 16, 2018, it had been integrated into Thermo Fisher's Life Sciences Solutions Segment. [44]

In March 2019, Thermo Fisher Scientific announced its entry into the gene therapy manufacturing market with a $1.7 billion cash acquisition for Brammer Bio. [45] [46] [47] In May 2019, Thermo Fisher Scientific partnered with MMJ International Holdings to manufacture drug products developed by MMJ for the treatment of multiple sclerosis and Huntington's disease. [48] [49] In June, the business announced it would acquire mass spectrometry software provider, HighChem. [50]

In March 2020, Thermo Fisher Scientific agreed to purchase Qiagen, a molecular diagnostics company, for $10.1 billion. [51] In July, the offer for Qiagen was raised from €39 to €43 per share (€11.3 billion in total). [52] [53] On August 13, the company announced that its offer to acquire all of the ordinary share had lapsed, and it terminated the acquisition agreement. [54]

In August 2020, Thermo Fisher Scientific opened its new Lenexa facility aimed at boosting the production and manufacturing of COVID-19 testing supplies. [55] In December the business announced it would acquire Phitonex, Inc. [56]

In January 2021, Thermo Fisher Scientific announced it had acquired Belgium-based viral vector manufacturer, Henogen SA, from Groupe Novasep SAS for €725 million in cash [57] [58] [59] and point-of-care molecular diagnostics provider Mesa Biotech, Inc. for up to $550 million. [60] [61] [62]

In April 2021, Thermo Fisher Scientific announced the acquisition of PPD, Inc., a contract research organization, for a total cash purchase price of $17.4 billion-plus the assumption of approximately $3.5 billion of net debt. PPD generated $4.7 billion in revenue during FY 2020, and this transaction, which values their company at approximately $20.9 billion. [63] In November, the business announced it would acquire PharmaFluidics and its μPAC range of micro-chip-based chromatography products. [64]

In January 2022, Thermo Fisher Scientific acquired PeproTech, a developer and manufacturer of recombinant proteins, for $1.85 billion. PeproTech became part of Thermo Fisher’s biosciences business and was integrated into the Life Sciences Solutions Segment. [65]

In October 2022, the company agreed to buy British diagnostics firm, The Binding Site Group, in an all-cash deal for US$2.6 billion from Nordic Capital. [66] [67] The acquisition completed in January 2023. [68]

In July 2023, the business announced it would acquire CorEvitas, LLC from Audax Private Equity for more than $900 million in cash. [69] In August 2023, it was announced Thermo Fisher had completed the acquisition for $912.5 million (in cash). [70]

In October 2023, Thermo Fisher Scientific acquired Olink Holding for $3.1 billion. [71]

Thermo Fisher Scientific acquisitions
  • Thermo Fisher Scientific(formed in 2006 by the merger of Thermo Electron and Fisher Scientific)
    • Thermo Fisher Scientific
      • Fisher Scientific
        • Scientific Materials Co. (Est 1902)
        • Scientific Supplies, Ltd (Acq 1925)
        • Eimer & Amend (Acq 1940)
        • E. Machlett & Sons (Acq 1957)
        • Janssen Chimica
        • Eastman Kodak Company (Organic Chemicals division)
        • Apogent Technologies Inc. (Acq 2004)
        • Athena Diagnostics (Acq 2006)
      • Thermo Electron
        • Kendro Laboratory Products (Acq 2005)
        • Rupprecht and Patashnick Co., Inc. (Acq 2005)
        • NITON LLC (Acq 2005)
        • InnaPhase Corporation (Acq 2004)
        • US Counseling Services, Inc. (Acq 2004)
        • Jouan SA (Acq 2004)
        • Laboratory Management Systems, Inc. (Acq 2003)
    • Phadia (Acq 2011)
    • Life Technologies (Acq 2013)
      • Invitrogen Corporation (Merged 2008)
        • NOVEX
        • Research Genetics, Inc (Acq 1999)
        • Ethrog Biotechnology
        • Molecular Probes
        • Dynal
        • Panvera
        • InforMax
        • BioSource
        • CellzDirect
        • Zymed
        • Caltag Laboratories
      • Applied Biosystems (Merged 2008)
    • Advanced Scientifics (Acq 2015)
    • Alfa Aesar (Acq 2015)
    • Affymetrix (Acq 2016)
      • Genetic MicroSystems (Acq 1999)
      • Neomorphic (Acq 2000)
      • ParAllele Bioscience
      • USB Corporation (Acq 2008)
      • Panomics (Acq 2008)
      • True Materials (Acq 2000)
      • eBioscience (Acq 2012)
    • Compendia Bioscience (Acq 2012)
    • FEI Company (Acq 2016) [72]
    • MTI-GlobalStem (Acq 2016)
    • Finesse Solutions, Inc. (Acq 2017) [73]
    • Core Informatics (Acq 2017)
    • Patheon (Acq 2017)
      • Agere Pharmaceuticals (Acq 2015)
      • Gallus Pharmaceuticals (Acq 2014)
      • Royal DSM NV (Pharmaceutical div, merged 2014)
      • MOVA (Acq 2004)
      • Banner Pharmacaps (Acq 2013)
    • Brammer Bio (Acq 2019) [74]
    • Phitonex, Inc. (Acq 2020)
    • Henogen S.A. (Acq 2021) [75]
    • Mesa Biotech, Inc. (Acq 2021) [76]
    • PPD, Inc. (Acq 2021) [77]
      • Acurian (Acq 2013)
      • Evidera (Acq 2016)
      • Medimix (Acq 2019)
    • PharmaFluidics (Acq 2021)
    • PeproTech (Acq 2021) [78]
    • The Binding Site Group (Acq 2023)
    • CorEvitas, LLC (Acq 2023)
    • Olink Holding (Acq 2023)

Leadership

Marc N. Casper is chairman, president and chief executive officer of Thermo Fisher Scientific. [79] He first joined Thermo Electron in December 2001 as Vice President of the Life and Laboratory Sciences segment. In November 2006, when Thermo Electron and Fisher Scientific merged to form Thermo Fisher Scientific, Casper was named executive vice president of the company and president of the Analytical Technologies Group. He became president and CEO in 2009. [80]

Partnerships

In September 2017, Thermo Fisher Scientific signed an agreement with the Institute of Pathology Heidelberg (IPH) to establish its Center of Molecular Pathology at Heidelberg University Hospital as the newest member of the Next Generation Sequencing Companion Dx Center of Excellence Program (COEP). The initiative focuses on establishing strategic collaborations with leading, European-based organizations that can lead studies using Thermo Fisher's Oncomine portfolio of research panels destined for development as companion diagnostics to help drive precision oncology in the region. [81]

In 2021, Thermo Fisher announced the construction of a cell therapy development, manufacturing and collaboration center in cooperation with University of California, San Francisco on the school's Mission Bay campus. [82]

In February 2022, Thermo Fisher Scientific announced a 15-year strategic collaboration agreement with Moderna, Inc. The collaboration was designed to scale up the manufacturing of Moderna’s COVID-19 vaccine and other investigational mRNA products. [83]

In May 2023, Thermo Fisher partnered with Pfizer, with plans to work together on expanding testing capabilities for lung and breast cancer patients. [84]

In November 2023, Thermo Fisher partnered with Flagship Pioneering, a biotechnology company. [85] Together, they plan to create companies in the biotechnology field. [86]

COVID-19 Response

In March 2020, Thermo Fisher Scientific received emergency use authorization from the FDA for a test for SARS-CoV-2 to help mitigate the COVID-19 pandemic. [87] Thermo Fisher also partnered with its biopharma customers, including Pfizer and Moderna, to support the development and production of new mRNA-based COVID-19 vaccines. [88] [89]

Controversies

Xinjiang and Tibet

In February 2019, Thermo Fisher Scientific announced that it would stop selling its equipment in Xinjiang. [90] In June 2020, Thermo Fisher Scientific was reported to sell its equipment to security services in China for use in what was alleged as part of a genetic surveillance program. [91] A report from the Australian Strategic Policy Institute found that Thermo Fisher Scientific collaborated with the Chinese Ministry of Public Security to develop a Huaxia PCR amplification kit specifically to identify the genotypes of Uyghur, Tibetan and Hui ethnic minorities. [92] In June 2021, The New York Times reported that, despite bans, Thermo Fisher Scientific equipment continued to be sold to police in Xinjiang. [93]

In 2022, following reports that Thermo Fisher Scientific had sold products to police in the Tibet Autonomous Region, [94] the Inter-Parliamentary Alliance on China called on governments to "investigate and suspend commercial activities with companies providing the PRC government with technologies to carry out biometric surveillance in the Uyghur Region, Tibet and elsewhere in the PRC, including the PRC state backed BGI Group and US firm Thermo Fisher." [95] Thermo Fisher Scientific subsequently halted sales of DNA collection kits in Tibet. [96]

HeLa cells

In October 2021 the estate of Henrietta Lacks sued to get past and future payment for the alleged and widely known unauthorized sale by Thermo Fisher Scientific of her HeLa cells which are essential in many types of research. [97] Over 50 million tons of her cells have been produced and used in over 60,000 scientific studies touching virtually every realm of medicine, including the development of polio vaccines, gene mapping, in-vitro fertilization, and multitudes more. [98] [99] [100]

In May 2022, it was announced Thermo Fisher Scientific went to court to seek a dismissal of the lawsuit. [101] In late July 2023, with the motion to dismiss still outstanding, the court ordered the parties to attend a settlement conference. [102] [103] Soon after that, settlement of the suit, with undisclosed terms, was announced. [104]

Mexican plant

In 2013, Opengate Capital Group LLC filed suit against Thermo Fisher Scientific for selling it a manufacturing plant controlled by a drug cartel. According to Opengate Capital, the company withheld important documents and pressured employees into concealing the presence of the gang. [105] [106]

Related Research Articles

<span class="mw-page-title-main">Takeda Pharmaceutical Company</span> Japanese pharmaceutical company

The Takeda Pharmaceutical Company Limited is a Japanese multinational pharmaceutical company. It is the third largest pharmaceutical company in Asia, behind Sinopharm and Shanghai Pharmaceuticals, and one of the top 20 largest pharmaceutical companies in the world by revenue. The company has over 49,578 employees worldwide and achieved US$19.299 billion in revenue during the 2018 fiscal year. The company is focused on oncology, rare diseases, neuroscience, gastroenterology, plasma-derived therapies and vaccines. Its headquarters is located in Chuo-ku, Osaka, and it has an office in Nihonbashi, Chuo, Tokyo. In January 2012, Fortune Magazine ranked the Takeda Oncology Company as one of the 100 best companies to work for in the United States. As of 2015, Christophe Weber was appointed as the CEO and president of Takeda.

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

<span class="mw-page-title-main">Merck Group</span> German multinational science and technology company

The Merck Group, branded and commonly known as Merck, is a German multinational science and technology company headquartered in Darmstadt, with about 60,000 employees and a presence in 66 countries. The group includes around 250 companies; the main company is Merck KGaA in Germany. The company is divided into three business lines: Healthcare, Life Sciences and Electronics. Merck was founded in 1668 and is the world's oldest operating chemical and pharmaceutical company, as well as one of the largest pharmaceutical companies globally.

<span class="mw-page-title-main">Roche</span> Swiss multinational healthcare company

F. Hoffmann-La Roche AG, commonly known as Roche, is a Swiss multinational holding healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX Swiss Exchange. The company headquarters are located in Basel. Roche is the fifth-largest pharmaceutical company in the world by revenue and the leading provider of cancer treatments globally. In 2023, the company’s seat in Forbes Global 2000 was 76.

Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. The corporation was established in 1973 and merged with Synthélabo in 1999 to form Sanofi-Synthélabo. In 2004, Sanofi-Synthélabo merged with Aventis and renamed to Sanofi-Aventis, which were each the product of several previous mergers. It changed its name back to Sanofi in May 2011. The company is a component of the Euro Stoxx 50 stock market index. In 2023, the company’s seat in Forbes Global 2000 was 89.

Affymetrix is now Applied Biosystems, a brand of DNA microarray products sold by Thermo Fisher Scientific that originated with an American biotechnology research and development and manufacturing company of the same name. The Santa Clara, California-based Affymetrix, Inc. now a part of Thermo Fisher Scientific was co-founded by Alex Zaffaroni and Stephen Fodor. Stephen Fodor and his group, based on their earlier development of methods to fabricate DNA microarrays using semiconductor manufacturing techniques.

<span class="mw-page-title-main">Medtronic</span> Irish tax-registered medical device company

Medtronic plc is an American-Irish medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.

<span class="mw-page-title-main">Boston Scientific</span> U.S.-based medical device company

Boston Scientific Corporation (BSC), headquartered in Marlborough, Massachusetts and incorporated in Delaware, is a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology. Boston Scientific is widely known for the development of the Taxus Stent, a drug-eluting stent which is used to open clogged arteries. With the full acquisition of Cameron Health in June 2012, the company also became notable for offering a minimally invasive implantable cardioverter-defibrillator (ICD) which they call the EMBLEM subcutaneous implantable defibrillator (S-ICD).

Fisher Scientific International, Inc. was a laboratory supply and biotechnology company that provided products and services to the global scientific research and clinical laboratory markets until its merger with Thermo Electron in 2006, after which it became Thermo Fisher Scientific. The company offered products and services to over 350,000 customers located in approximately 150 countries including pharmaceutical and biotechnology companies, secondary and higher education institutions, hospitals and medical research institutions, and quality control, process control and research and development laboratories.

<span class="mw-page-title-main">PerkinElmer</span> American corporation focused on life science research

PerkinElmer, Inc., previously styled Perkin-Elmer, is an American global corporation that was founded in 1937 and originally focused on precision optics. Over the years it went into and out of several different businesses via acquisitions and divestitures; these included defense products, semiconductors, computer systems, and others. By the 21st century, PerkinElmer was focused in the business areas of diagnostics, life science research, food, environmental and industrial testing. Its capabilities include detection, imaging, informatics, and service. It produced analytical instruments, genetic testing and diagnostic tools, medical imaging components, software, instruments, and consumables for multiple end markets. PerkinElmer was part of the S&P 500 Index and operated in 190 countries.

<span class="mw-page-title-main">Celgene</span> American biopharmaceutical company

Celgene Corporation is a pharmaceutical company that makes cancer and immunology drugs. Its major product is Revlimid (lenalidomide), which is used in the treatment of multiple myeloma, and also in certain anemias. The company is incorporated in Delaware, headquartered in Summit, New Jersey, and a subsidiary of Bristol Myers Squibb (BMS).

<span class="mw-page-title-main">Qiagen</span> German biotechnology company

QIAGEN N.V. is a German-founded multinational provider of sample and assay technologies for molecular diagnostics, applied testing, academic research, and pharmaceutical research. The company operates in more than 35 offices in over 25 countries. QIAGEN N.V., the global corporate headquarter of the QIAGEN group, is located in Venlo, The Netherlands. The main operative headquarters are located in Hilden, Germany. European, American, Chinese, and Asian-Pacific regional headquarters are located respectively in respectively Hilden, Germany; Germantown, Maryland, United States; Shanghai, China; and Singapore. QIAGEN's shares are listed at the NYSE and at the Frankfurt Stock Exchange in the Prime Standard. Thierry Bernard is the company's Chief Executive Officer (CEO).

Illumina, Inc. is an American biotechnology company, headquartered in San Diego, California. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets, and serves more than 155 countries.

<span class="mw-page-title-main">FEI Company</span> American microscope technology company

FEI Company was an American company that designed, manufactured, and supported microscope technology. Headquartered in Hillsboro, Oregon, FEI had over 2,800 employees and sales and service operations in more than 50 countries around the world. Formerly listed on the NASDAQ, it is now a subsidiary of Thermo Fisher Scientific.

Dharmacon Inc., now known as Dharmacon, was founded in 1995 by Stephen Scaringe as Dharmacon Research to develop and commercialize a new technology for RNA oligonucleotide synthesis. Originally, the company's focus was to develop 2'-ACE RNA technology as the standard for RNA synthesis and to advance RNA oligo-dependent applications and technologies.

<span class="mw-page-title-main">Life Technologies</span> Biotech company

Life Technologies Corporation was a biotech company founded in November 2008 through a US $6.7 billion merger of Invitrogen Corporation and Applied Biosystems Inc. The joint sales of the combined companies were about $3.5 billion; they had about 9,500 employees and owned more than 3,600 licenses and patents.

<span class="mw-page-title-main">PPD, Inc.</span> Global contract research organization

Pharmaceutical Product Development (PPD) is a global contract research organization (CRO) providing comprehensive, integrated drug development, laboratory and lifecycle management services. In December 2021, PPD became a wholly owned subsidiary of Thermo Fisher Scientific.

Dionex Corporation is an American company based in Sunnyvale, California. It develops, manufactures, sells, and services analytical chromatography systems for separating, isolating, and identifying the components of chemical mixtures. Such equipment is used in pharmaceutical manufacturing, medical research, environmental monitoring, and food testing.

<span class="mw-page-title-main">Merck & Co.</span> American multinational pharmaceutical company

Merck & Co., Inc. is an American multinational pharmaceutical company headquartered in Rahway, New Jersey, and is named for Merck Group, founded in Germany in 1668, of which it was once the American arm. The company does business as Merck Sharp & Dohme or MSD outside the United States and Canada. It is one of the largest pharmaceutical companies in the world, generally ranking in the global top five by revenue.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

References

  1. ↑ "Thermo Fisher Scientific Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 22, 2024.
  2. ↑ Gelles, David (April 15, 2013). "Thermo bid wins Life Technologies auction". Financial Times. Retrieved November 29, 2021.
  3. ↑ Seiffert, Don. "Thermo Fisher to buy 480-employee chemical maker based in Haverhill". bizjournals.com. Boston Business Journal. Retrieved November 29, 2021.
  4. ↑ "Thermo Fisher Scientific to Acquire Affymetrix for $1.3B". genengnews.com. Genetic Engineering & Biotechnology News. January 11, 2016. Retrieved November 29, 2021.
  5. ↑ Picker, Leslie (May 27, 2016). "Thermo Fisher to Acquire FEI for $4.2 billion". The New York Times . Retrieved November 29, 2021.
  6. ↑ Writer, GEN Staff (September 7, 2018). "Thermo Fisher Acquiring BD's Advanced Bioprocessing Business". GEN - Genetic Engineering and Biotechnology News. Retrieved August 9, 2022.
  7. ↑ "Thermo Fisher Scientific Completes Acquisition of PPD, Inc". ir.thermofisher.com. Retrieved August 9, 2022.
  8. ↑ "Fortune 500 | Thermo Fisher Scientific". Fortune. Archived from the original on September 8, 2023. Retrieved September 8, 2023.
  9. ↑ George Hatsopoulos, senior lecturer emeritus and MIT Corporation life member emeritus, dies at 91 "Thermodynamics expert and longtime Department of Mechanical Engineering affiliate founded Thermo Electron, a world leader in instrumentation... ...along with Peter Nomikos, he co-founded the Thermo Electron Corporation" 21 September 2018 web.mit.edu
  10. ↑ "Financial Statements for Thermo Fisher Scientific Inc. - Google Finance". google.com.
  11. ↑ "Archived copy" (PDF). Archived from the original (PDF) on October 14, 2013. Retrieved July 17, 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  12. ↑ "PPG Vice President Fisher Dies". thefreelibrary.com. Archived from the original on March 5, 2016. Retrieved July 17, 2013.
  13. 1 2 "Thermo Fisher Scientific : Corporate Profile". Archived from the original on July 3, 2007.
  14. ↑ Bloomberg News (May 9, 2006). "Deal by Lab Equipment Makers Priced at $10.6 Billion in Stock". The New York Times. p. C00005. Retrieved July 23, 2023.
  15. ↑ Merger of Thermo Electron and Fisher Scientific Completed, Forming Thermo Fisher Scientific Archived 2012-07-22 at archive.today , press release, November 9, 2006
  16. ↑ "Thermo Electron Corporation, In the Matter of". Federal Trade Commission. October 17, 2006. Retrieved January 25, 2024.
  17. ↑ 3 April 2007. Riverlake Partners, LLC Acquires UK-based Genevac, Ltd. Press Release.
  18. ↑ "FTC Approves Proposed Divestiture in Matter of Thermo Electron Corporation". Federal Trade Commission. March 30, 2007. Retrieved January 25, 2024.
  19. ↑ "COMPANY NEWS; Thermo Unit Sets Deal for Finnigan". The New York Times. April 25, 1990. Retrieved May 25, 2024.
  20. ↑ "Fisher Scientific buying Perbio Science for $714M". www.bizjournals.com. June 26, 2003. Retrieved May 25, 2024.
  21. ↑ "Thermo Scientific - US". www.thermofisher.com. Retrieved February 4, 2021.
  22. ↑ "Life Technologies" (PDF). BioImage. Archived from the original (PDF) on May 17, 2008. Retrieved April 24, 2017.
  23. ↑ "BioImage Company Profile: Acquisition & Investors". PitchBook. Retrieved February 4, 2021.
  24. ↑ "Life Technologies". BioImage. Retrieved April 24, 2017.
  25. ↑ "Thermo Fisher to buy Dionex for $2.1 billion". Reuters. December 13, 2010. Retrieved June 1, 2022.
  26. ↑ "Thermo Fisher Rises to Record After $3.5 Billion Phadia Buy". Bloomberg.
  27. ↑ Brennan, Zachary (March 2013). "Price of Life Tech Steady at $11B as Roche Joins Bidding War". Outsourcing-Pharma.com. Retrieved August 3, 2017.
  28. ↑ Bill Berkrot and Susan Kelly (April 15, 2013). "Thermo Fisher to buy Life Tech for $13.6 billion". Reuters.
  29. ↑ "Applied Biosystems, Invitrogen complete $6.7 billion merger". www.bizjournals.com. November 21, 2008. Retrieved May 27, 2024.
  30. ↑ Staff, G. E. N. (September 7, 2018). "Thermo Fisher Acquiring BD's Advanced Bioprocessing Business". GEN - Genetic Engineering and Biotechnology News. Retrieved May 27, 2024.
  31. ↑ "Thermo Fisher Scientific Acquires Single-Use Specialist ASI for $300 Million - GEN News Highlights - GEN". GEN. February 5, 2015.
  32. ↑ "Thermo Fisher Scientific Agrees to Acquire Research Chemicals Firm". GEN. June 25, 2015.
  33. ↑ "Thermo Fisher Scientific - Thermo Fisher Scientific Completes Acquisition of Alfa Aesar to Significantly Expand Laboratory Chemicals Offering" . Retrieved January 5, 2016.
  34. ↑ Writer, GEN Staff (January 11, 2016). "Thermo Fisher Scientific to Acquire Affymetrix for $1.3B".
  35. ↑ Hallam, Kristen (May 27, 2016). "Thermo Fisher Scientific to Buy FEI for About $4.2 Billion". Bloomberg. Retrieved May 28, 2016.
  36. ↑ Schultz, Clark (May 27, 2016). "Thermo Fisher Scientific lands FEI Company". Seeking Alpha . FEI. Retrieved May 27, 2016.
  37. ↑ Seiffert, Don (May 27, 2016). "Thermo CEO mum on whether he had competitors in $4.2B bid for FEI". Boston Business Journal. Retrieved May 31, 2016.
  38. ↑ "Thermo Fisher Scientific Acquires MTI-GlobalStem - Thermo Fisher Scientific eNews". news.thermofisher.com. Archived from the original on July 12, 2017. Retrieved April 4, 2017.
  39. ↑ "Thermo Fisher Scientific Receives Early Termination of Hart-Scott-Rodino Waiting Period for Acquisition of Finesse Solutions, Inc. - Thermo Fisher Scientific eNews". news.thermofisher.com. Archived from the original on April 5, 2017. Retrieved April 4, 2017.
  40. ↑ "Thermo Fisher Scientific Completes Acquisition of Finesse Solutions, Inc. - Thermo Fisher Scientific eNews". news.thermofisher.com. Archived from the original on July 3, 2017. Retrieved April 4, 2017.
  41. ↑ "Thermo Fisher Scientific Acquires Core Informatics, Provider of Leading Cloud-Based Scientific Data Platforms - Thermo Fisher Scientific eNews". news.thermofisher.com. Archived from the original on July 17, 2017. Retrieved April 4, 2017.
  42. ↑ Editorial Staff, Pharmaceutical Technology. "Thermo Fisher Scientific Acquires Patheon". www.pharmtech.com. Archived from the original on September 12, 2017. Retrieved September 12, 2017.
  43. ↑ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on January 15, 2019. Retrieved November 19, 2018.
  44. ↑ Scientific, Thermo Fisher. "Thermo Fisher To Acquire BD's Advanced Bioprocessing Business - Quick Facts". markets.businessinsider.com. Retrieved August 22, 2022.
  45. ↑ Reporter, Jonathan Saltzman-. "Thermo Fisher gets into gene therapy with $1.7b deal for Brammer Bio - The Boston Globe". BostonGlobe.com. Retrieved March 27, 2019.
  46. ↑ "Thermo Fisher Scientific to Acquire Brammer Bio, a Leader in Viral Vector Manufacturing". MediaRoom. Archived from the original on November 4, 2021. Retrieved March 27, 2019.
  47. ↑ "Thermo Fisher shoulders into gene therapy manufacturing with $1.7B deal for Brammer". Fierce Pharma. March 25, 2019. Retrieved March 27, 2019.
  48. ↑ Somerset, Sara Brittany. "Hall Of Flowers: Acquisitions And Celebrity Cannabis Debuts". Forbes. Retrieved January 6, 2020.
  49. ↑ Phd, Joana Carvalho (August 14, 2019). "To Support MS Cannabinoid Studies, MMJ Asks US Agency to OK Shipments from Canada". Multiple Sclerosis News Today. Retrieved January 6, 2020.
  50. ↑ "Thermo Fisher Scientific Acquires HighChem, Provider of Mass Spectrometry Software". BioSpace. Retrieved June 20, 2020.
  51. ↑ Martuscelli, Carlo (March 3, 2020). "Thermo Fisher to Buy Diagnostic Company for $10.1 Billion". Wall Street Journal. ISSN   0099-9660 . Retrieved March 3, 2020.
  52. ↑ "Thermo Fisher's sweetened Qiagen bid fails to win over key investor". Reuters. www.reuters.com. July 16, 2020.
  53. ↑ "Thermo Fisher Scientific and QIAGEN N.V. Agree on Amended Terms to Acquisition Agreement". BioSpace.
  54. ↑ Scientific, Thermo Fisher. "Thermo Fisher Scientific Announces Results of Offer to Acquire QIAGEN, Lapse of Offer and Termination of Acquisition Agreement". www.prnewswire.com (Press release).
  55. ↑ "Biotech firm Thermo Fisher Scientific opens Lenexa facility aimed at boosting Kansas' COVID-19 testing capacity". Shawnee Mission Post - Community news and events for northeast Johnson County. August 28, 2020. Retrieved September 10, 2020.
  56. ↑ "Thermo Fisher Scientific Acquires Programmable Dye Platform Pioneer Phitonex". BioSpace.
  57. ↑ "Thermo Fisher Scientific Acquires Viral Vector Manufacturing Business from Novasep". BioSpace.
  58. ↑ "Thermo Fisher Takes Deep Dive into Cell and Gene Therapy with Viral Vector Business Buy". BioSpace.
  59. ↑ Kansteiner, Fraiser (May 21, 2021). "Thermo Fisher links up with UCSF on soup-to-nuts cell therapy factory and research center". Fierce Pharma. Retrieved September 27, 2023.
  60. ↑ "Thermo Fisher Scientific to Acquire Point-of-Care Molecular Diagnostics Provider Mesa Biotech". Seeking Alpha.
  61. ↑ "Thermo Fisher Scientific to Acquire Point-of-Care Molecular Diagnostics Provider Mesa Biotech". BioSpace. January 19, 2021. Retrieved May 27, 2024.
  62. ↑ Khandekar, Amruta (January 15, 2021). "Thermo Fisher buys Henogen for nearly $880 million in gene therapy expansion" . Retrieved May 27, 2024.
  63. ↑ "Thermo Fisher expands pharma service business with $17.4 bln PPD acquisition". Reuters. April 15, 2021.
  64. ↑ "Thermo Fisher Scientific Adds Patterned Microchip-based Technology to Liquid Chromatography Portfolio".
  65. ↑ "Thermo Fisher Scientific acquires PeproTech for $1.85bn". Medical Device Network. January 6, 2022. Retrieved May 27, 2024.
  66. ↑ Leo, Leroy; Jain, Pratik (October 31, 2022). "Thermo Fisher to buy diagnostics firm Binding Site for $2.6 bln". Reuters .
  67. ↑ Foerster, Jan-Henrik; Davis, Michelle F (October 30, 2022). "Thermo Fisher to buy UK's Binding Site in $2.6 billion deal" . Bloomberg News .
  68. ↑ "Thermo Fisher completes $2.8bn acquisition of The Binding Site Group". NS Medical Devices. January 3, 2023. Retrieved January 3, 2023.
  69. ↑ "Thermo Fisher Scientific to Acquire CorEvitas".
  70. ↑ Mireku, Akosua (August 15, 2023). "Thermo Fisher completes $912.5m acquisition of CorEvitas". Pharmaceutical Technology. Retrieved August 15, 2023.
  71. ↑ "Thermo Fisher Scientific to buy Olink in $3.1 billion deal". Reuters. October 17, 2023. Retrieved October 23, 2023.
  72. ↑ "Thermo Fisher Scientific Completes Acquisition of FEI Company".
  73. ↑ "Thermo Fisher Scientific Completes Acquisition of Finesse Solutions, Inc".
  74. ↑ "Thermo Fisher Scientific to Acquire Brammer Bio, a Leader in Viral Vector Manufacturing".
  75. ↑ "Thermo Fisher Scientific Acquires Viral Vector Manufacturing Business from Novasep".
  76. ↑ "Thermo Fisher Scientific Completes Acquisition of Mesa Biotech".
  77. ↑ "Thermo Fisher Scientific Completes Acquisition of PPD, Inc".
  78. ↑ "Thermo Fisher Scientific Completes Acquisition of PeproTech, a Leader in Recombinant Proteins".
  79. ↑ "CEO of the Week: Thermo Fisher Scientific's Marc N. Casper". Chief Executive. June 21, 2020.
  80. ↑ "This Top CEO's Rock-Solid Company Acts Like A Teenager". Investor's Business Daily. December 23, 2020. Retrieved May 27, 2024.
  81. ↑ "Institute of Pathology Joins Thermo Fisher Scientific to Drive Oncology Companion Diagnostic Development". Technology Networks. Retrieved September 12, 2017.
  82. ↑ Kansteiner, Fraiser (August 29, 2023). "Drugs from J&J, Merck, Novartis, BMS and more set for first round of Medicare price negotiations: CMS" . Retrieved August 31, 2023.
  83. ↑ Kansteiner, Fraiser (February 23, 2022). "MANUFACTURING Moderna taps Thermo Fisher for 15-year mRNA production pact for COVID vaccines and more" . Retrieved May 25, 2024.
  84. ↑ "Thermo Fisher (TMO) Partners With Pfizer to Expand NGS Testing". Yahoo Finance. May 10, 2023. Retrieved January 30, 2024.
  85. ↑ Hale, Conor (November 28, 2023). "Thermo Fisher teams up with Flagship Pioneering to forge new life science tool startups". Fierce Biotech. Retrieved January 30, 2024.
  86. ↑ Khalil, Kiays (November 30, 2023). "Thermo Fisher and Flagship Pioneering partner to establish platform companies". Medical Device Network. Retrieved January 30, 2024.
  87. ↑ "FDA Approves Abbott Laboratories Coronavirus Test, Company To Ship 150,000 Kits". IBTimes.com. March 19, 2020. Archived from the original on March 20, 2020.
  88. ↑ "Moderna partners with Thermo Fisher to scale up Covid vaccine production". CNBC. June 1, 2021. Retrieved May 25, 2024.
  89. ↑ Flak, Agnieszka (March 25, 2021). "Thermo Fisher to work with Pfizer-BioNtech on vaccine production in Italy" . Retrieved May 25, 2024.
  90. ↑ Wee, Sui-Lee (February 21, 2019). "China Uses DNA to Track Its People, With the Help of American Expertise". The New York Times. ISSN   0362-4331 . Retrieved June 20, 2020.
  91. ↑ Wee, Sui-Lee (June 17, 2020). "China Is Collecting DNA From Tens of Millions of Men and Boys, Using U.S. Equipment". The New York Times. ISSN   0362-4331 . Retrieved June 17, 2020.
  92. ↑ Dirks, Emile; Leibold, James. "Genomic surveillance". www.aspi.org.au. Retrieved October 4, 2020.
  93. ↑ Wee, Sui-Lee (June 11, 2021). "China Still Buys American DNA Equipment for Xinjiang Despite Blocks". The New York Times . ISSN   0362-4331 . Retrieved June 30, 2021.
  94. ↑ Hvistendahl, Mara (September 13, 2022). "Tibetan Police Bought Thermo Fisher DNA Equipment, Chinese Government Documents Show". The Intercept . Retrieved March 19, 2023.
  95. ↑ "Legislators call for sanctions on firms complicit in mass DNA harvesting of Tibetans and Uyghurs". Inter-Parliamentary Alliance on China . December 16, 2022. Retrieved March 19, 2023.
  96. ↑ Allen-Ebrahimian, Bethany (January 3, 2024). "Thermo Fisher halts DNA collection kit sales in Tibet". Axios . Retrieved January 3, 2024.
  97. ↑ "Estate of Henrietta Lacks sues Thermo Fisher Scientific over the improper sale of her immortal cells".
  98. ↑ "Henrietta Lacks' 'Immortal' Cells".
  99. ↑ "Henrietta Lacks' Descendants Sue Company They Believe Profits From Her Immortal Cells". IFLScience. October 6, 2021.
  100. ↑ "Henrietta Lacks' estate sues drug company that sold her cells". TheGuardian.com . October 4, 2021.
  101. ↑ "Thermo Fisher seeks dismissal of Henrietta Lacks' family's lawsuit regarding sale of her cells". News. May 17, 2022. Retrieved June 16, 2022.
  102. ↑ "Henrietta Lacks family lawsuit against biotech company ordered to go to settlement conference next week". Baltimore Sun. July 28, 2023.
  103. ↑ "Family of Henrietta Lacks asks court to reject Thermo Fisher's second motion to dismiss lawsuit". Baltimore Sun. February 22, 2023.
  104. ↑ Holpuch, Amanda (August 1, 2023). "Family of Henrietta Lacks Settles With Biotech Company That Used Her Cells". The New York Times.
  105. ↑ Walker, Joseph (May 11, 2013). "Thermo Sold Plant Overrun by Drug Cartel, Suit Alleges". Wall Street Journal. ISSN   0099-9660 . Retrieved February 5, 2022.
  106. ↑ "Thermo Fisher sued over sale of Mexico plant used by drug cartel". Reuters. May 11, 2013. Retrieved February 5, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.