News
25 Feb 2011
Thermo Fisher Announced Selling of Lancaster Labs & Athena Diagnostics
Thermo Fisher Scientific Inc. announced yesterday that it agreed to sell its Lancaster Laboratories and Athena Diagnostics businesses with a total of $940 million.
Thermo Fisher Scientific, Inc. has confirmed its selling of Lancaster Laboratories and Athena Diagnostics businesses for a total of $940 million in cash. Both transactions are expected to close in 2Q11.
Eurofins Scientific SE will acquire Lancaster Laboratories for $200 million, subject to a post-closing adjustment. Lancaster, based in Lancaster, PA, is a contract testing lab that provides analytical services for pharmaceutical, biopharmaceutical and environmental sciences customers. The business had approximately $115 million in revenues in 2010 and employs 1,100 at its operations in the U.S. and Ireland.
Quest Diagnostics, Inc. will acquire Athena Diagnostics for $740 million. Athena, based in Worcester, MA is a reference lab that provides diagnostic testing for neurological and other diseases, with an emphasis on gene-
Eurofins Scientific SE will acquire Lancaster Laboratories for $200 million, subject to a post-closing adjustment. Lancaster, based in Lancaster, PA, is a contract testing lab that provides analytical services for pharmaceutical, biopharmaceutical and environmental sciences customers. The business had approximately $115 million in revenues in 2010 and employs 1,100 at its operations in the U.S. and Ireland.
Quest Diagnostics, Inc. will acquire Athena Diagnostics for $740 million. Athena, based in Worcester, MA is a reference lab that provides diagnostic testing for neurological and other diseases, with an emphasis on gene-
Related News
-
News CPHI Milan 2024 - From the Floor
Milan and CPHI welcome you to 2024 CPHI Milan! As we celebrate the 35th edition of our flagship CPHI show, editors Vivian Xie and Lucy Chard bring you the latest from the show floor, conference sessions, and innovative solutions from all exhibitors, at... -
News The BIOSECURE Act: implications for the pharma supply chain
On September 9, 2024, the US House of Representatives voted to pass the bill titled the BIOSECURE Act (the Act), which lists several Chinese companies in the pharmaceutical supply chain. The Act will prohibit American companies from contracting or doin... -
News A Day in the Life of a Global CDMO Chapter Lead – Manufacturing
The 'Day in the Life of' series has covered many aspects of the pharmaceutical pipeline, including R&D and procurement, now we're taking a look at manufacturing from a global CDMO perspective. -
News CPHI Milan Speaker Spotlight: CDMO relations with Pharma and Start-Ups
In the run-up to CPHI Milan, we sit down with some of the experts and thought-leaders speaking at this year’s conferences. -
.png)
News Women in Pharma: Advocating for trans healthcare in pharma
In our monthly series on women in the pharmaceutical industry, we interview leading experts in the pharmaceutical supply and value chain to discuss the importance of gender diversity in healthcare, the workplace, and beyond. -
News Updated – Changing abortion pill access according to the US FDA and Supreme Court
After the approval of the medical abortion pill, mifepristone, by the US FDA, states across the USA approach the distribution of the pill differently, some ruling against allowing access to the drug. -
News CPHI North America 2024 – From the Floor
Welcome to Philly! CPHI North America once again graces the Philadelphia Convention Center, 7–9 May 2024. -
.png)
News Drug Patent Expiries: a steep cliff or opportunity for innovation?
The pharmaceutical industry faces a patent cliff together in the years leading up to 2030. Learn what this means for drug pricing, their outsourcing partners, and drug innovation of the future.
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance