Thermo BioAnalysis
This article was originally published in The Gray Sheet
Executive Summary
Firm agrees to acquire the Clinical Products Group of Life Sciences International PLC from Thermo Instrument Systems for $66.7 mil. in stock. Under the terms of the deal, Thermo BioAnalysis will also assume existing indebtedness of about $37.9 mil., bringing the total value of the deal to about $104.5 mil., including about $12 mil. in cash held by the Clinical Products Group. Both Thermo BioAnalysis and Thermo Instrument are public subsidiaries of Thermo Electron. The Clinical Products Group provides equipment and consumables for cytology, histology and pathology applications, as well as consumables for blood gas and ion-selective electrode analyzers worldwide, while Thermo BioAnalysis makes biomolecular instruments and clinical laboratory equipment for biochemical research, clinical diagnosis and pharmaceutical production..
You may also be interested in...
Japan Regulatory Update: Revised Law Widens RWD Scope, Price Revisions/Listings
Japan now allows pseudonymized personal data for medical use under a licensing system for wider use of real-world data. Meanwhile, a national cost-effectiveness assessment scheme has slashed reimbursement prices for Lagevrio and Kerendia, and Alexion’s Voydeya has been added to the reimbursement tariff.
Abbott's ‘Bedrock Of Good Health’ Nutritionals Business Faces Mounting Infant Formula Litigation
Nutritional product business had 5.1% Q1 sales growth and is like Abbott’s other segments, “super well-aligned to the global demographics and trends in health care,” says CEO Ford. But as it defends complaints of damages from powder formulas made at facility found with unsafe levels of bacterial contaminants, Abbott’s also targeted in litigation alleging failure to warn about risk of infants born prematurely developing necrotizing enterocolitis if fed cow’s milk-based formula.
‘Core Pillars’ Of Safety And Innovation Take Center Stage In FDA Reports
The US FDA has issued a pair of reports focused on device safety and innovation. The reports describe recent steps the agency has taken to improve in the two areas, and what it plans to do next.