Skip to main content
Premium Trial:

Request an Annual Quote

Thermo Fisher-Life Tech Deal Clears EC Hurdle

NEW YORK (GenomeWeb News) – The European Commission has approved Thermo Fisher Scientific's $13.6 billion purchase of Life Technologies, Thermo Fisher said today.

Thermo Fisher will sell its cell culture, gene modulation, and magnetic beads business in order to expedite the approval, it said, adding that the businesses to be divested had combined revenues of $225 million in 2012.

Goldman Sachs analyst Isaac Ro said in a note today that the three businesses comprised less than 2 percent of Thermo Fisher's total revenues.

"[W]e do not believe these businesses were significant contributors to organic growth, and do not see these requirements as altering the strategic appeal of the proposed transaction," he said.

The brands to be sold as part of the divestiture include HyClone, Dharmacon, Open Biosystems, and Sera-Mag, and potential buyers for the businesses could include Bio-Rad Laboratories, Merck KGaA, Sigma-Aldrich, and Techne, ISI Group's Ross Muken said.

The deal still needs to be approved by the US Federal Trade Commission, as well as Chinese regulators. Based on discussions with FTC, Thermo Fisher said that it does not believe it will need to divest additional businesses in order to gain approval with the agency. The deal is anticipated to close in early 2014.

The Scan

Not as High as Hoped

The Associated Press says initial results from a trial of CureVac's SARS-CoV-2 vaccine suggests low effectiveness in preventing COVID-19.

Finding Freshwater DNA

A new research project plans to use eDNA sampling to analyze freshwater rivers across the world, the Guardian reports.

Rise in Payments

Kaiser Health News investigates the rise of payments made by medical device companies to surgeons that could be in violation of anti-kickback laws.

Nature Papers Present Ginkgo Biloba Genome Assembly, Collection of Polygenic Indexes, More

In Nature this week: a nearly complete Ginkgo biloba genome assembly, polygenic indexes for dozens of phenotypes, and more.