PerkinElmer pushes further into diagnostics | June 26, 2017 Issue - Vol. 95 Issue 26 | Chemical & Engineering News
Volume 95 Issue 26 | p. 10 | News of The Week
Issue Date: June 26, 2017 | Web Date: June 22, 2017

PerkinElmer pushes further into diagnostics

Euroimmun Medical Laboratory Diagnostics will join the portfolio by the end of the year.
Department: Business
Keywords: instrumentation, acquisition, clinical diagnostics, infectious disease, allergy testing

PerkinElmer has signed a definitive agreement to acquire the German clinical diagnostics firm Euroimmun Medical Laboratory Diagnostics for $1.3 billion.

[+]Enlarge
Euroimmun uses techniques such as fluorescence microscopy for disease diagnosis.Euroimmun uses techniques such as fluorescence microscopy for disease diagnosis.
Credit: Euroimmun
Photo shows a microscope focused on a series of slide samples.
 
Euroimmun uses techniques such as fluorescence microscopy for disease diagnosis.Euroimmun uses techniques such as fluorescence microscopy for disease diagnosis.
Credit: Euroimmun

Expected to close by the end of the year, the deal adds Euroimmun’s autoimmune, infectious disease, and allergy testing capabilities to PerkinElmer’s well-established newborn-disease testing services and other disease diagnostics businesses. The transaction continues a trend among traditional instrumentation firms to expand into medical diagnostics.

Founded in 1987, Euroimmun employs 2,400 people, 1,600 of whom are in Germany. Its annual sales are about $310 million—45% from China and 30% from Europe. In the past five years, Euroimmun enjoyed average annual sales growth of 19%, PerkinElmer says.

Euroimmun uses a variety of immunohistochemical and biochemical methods to diagnose disease. It also offers automated equipment and software for laboratory data management.

PerkinElmer CEO Robert Friel says the two firms will leverage their combined detection, imaging, and assay development capabilities to “improve global health through advanced diagnostics.”

Winfried Stöcker, Euroimmun’s founder and controlling shareholder, says the firm’s scientists will continue to conduct R&D in Germany after the merger. He sees Euroimmun’s business being aided by PerkinElmer’s worldwide distribution network.

In January, PerkinElmer agreed to buy Tulip Diagnostics, an Indian maker of reagents, kits, and instruments for malaria, HIV, and hepatitis diagnosis. Other instrument makers are also acquiring diagnostics firms. Last year, Danaher bought molecular diagnostics firm Cepheid.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment