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Stock impact report

Thermo Fisher Scientific to Invest $50 Million to Expand Bioproduction Capabilities

Thermo Fisher Scientific, Inc (TMO)  More Company Research Source: PR Newswire
Last thermo fisher scientific, inc earnings: 7/24 06:00 am Check Earnings Report
PDF WALTHAM, Mass., May 20, 2019 /PRNewswire/ -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that it is investing more than $50 million in its global bioproduction capabilities to provide additional capacity for manufacturing single-use bioprocess container (BPC) systems. Thermo Fisher's single-use technologies are used for critical, sterile liquid-handling applications in the biopharmaceutical industry to help increase productivity and ensure quality in the production of biologic drugs."The demand for our bioproduction products and services continues to outpace the market," said Cory Stevenson, president of Thermo Fisher's Bioproduction business. "These investments will expand capabilities across our existing bioproduction network while we look to extend our footprint into new regions to meet increasing customer demand for our industry-leading single-use technologies."In Cramlington, U.K., Thermo Fisher will expand assembly capacity and [Read more]
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