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Minute Insight: Thermo Fisher Buys Diagnostics Company The Binding Site For $2.6Bn

 
• By Barnaby Pickering

Birmingham, UK-based The Binding Site and its 1,100 employees will now fall under Thermo Fisher’s expanding umbrella.

Minute Insight
• Source: Informa/Alamy

Thermo Fisher Scientific has agreed to purchase The Binding Site, a manufacturer of precision diagnostics for melanoma, blood cancer and immune system disorder applications from its current owner, Nordic Capital, in a cash transaction worth £2.25bn ($2.6bn).

The deal, announced 31 October, represents another step in Thermo Fisher’s effort to expand its diagnostics and lab services presence. In 2021, Thermo Fisher purchased the then-publicly traded contract research...

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