GE Healthcare Acquires MicroCal
Posted on: Wednesday, 1 October 2008, 09:00 CDT
GE Healthcare, a unit of General Electric Company, has acquired MicroCal, a provider of instruments for the study of molecular interactions in pharmaceutical, biomedical and life science research.
The acquisition of MicroCal will allow GE Healthcare to expand its offering of technologies for the rapidly growing areas of protein science and drug discovery research, said GE. Financial terms were not disclosed.
GE Healthcare plans to develop the MicroCal facility in Northampton, Massachusetts into a center of excellence for microcalorimetry. This acquisition is consistent with GE's strategy to invest in high-technology, innovative businesses that deliver strong top-line growth and expanded margins, said GE Healthcare.
Peter Ehrenheim, president and CEO of GE Healthcare's life sciences business, said: "The combination of GE Healthcare's expertise in protein science together with the talent of the team at MicroCal will help us drive development of new technologies and create an extensive offering across the full spectrum of the drug discovery and development process."
Source: Datamonitor
Related Articles
- Web of Science(R) Renewals Remain Strong Despite Tough Economic Climate
- Nobel Laureate Celebrates With Thomson Reuters, Drs. Clotet and Gatell Ten Years of HIV Updates
- Thomson Reuters Launches IDRAC(R) Notes
- Olympus Announces 2009 Winners of Olympus Innovation Awards
- Thomson Reuters Names 'Hottest' Researchers and Papers of 2007-2008
- Thomson Reuters Publishes Pharma Matters White Paper, 'The Five Myths of Generic Competition'
- Thomson Reuters Unveils InCites(TM)
- Thomson Reuters Releases 2009 Patent Focus Report
- Former Nurse Sues General Electric Company, GE Healthcare, Inc. And GE Healthcare Bio-Sciences Corporation for Rare Disease Caused By the Drug Omniscan(TM), Through the Law Firm of Burg Simpson Eldredge Hersh & Jardine, P.C.
- Merck Names Peter Loescher to Newly Created Position of President, Global Human Health; Health Care Industry Veteran With Broad Global Experience to Lead Merck's Marketing and Sales Operations Worldwide
User Comments (0)
RSS Feeds