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Citing Inflation, Thermo Fisher Says it Will Raise Prices for Consumables

NEW YORK (GenomeWeb News) - Thermo Fisher Scientific said today that it plans to implement an average price increase of 5.3 percent for “certain laboratory consumables” that will go into effect on Aug. 1.
 
The company said that the pricing change, which will affect products such as specialty laboratory plastic ware and liquid-handling products, “is in response to increases in raw material and energy costs that are being driven by the continued inflationary environment in many industries, particularly commodity materials.”
 
Verner Andersen, president of the company's laboratory consumables business, said in a statement that the company has “programs in place that are designed to help us mitigate these inflationary pressures and prevent us from passing added cost on to our customers," but noted that recent cost increases “necessitate an overall change in pricing in certain product lines that are most affected.”
 
The company said that it has informed all of its customers of the price increase. It did not disclose details of which product lines will be affected.

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