Logo

Danaher to Acquire Biopharma Unit of GE LifeScience for $21.4B

Share this

M&A

Danaher to Acquire Biopharma Unit of GE LifeScience for $21.4B

Shots: 

  • Danaher to acquire biopharma unit of GE Life Sciences (GE Biopharma)- in all stock transaction making total deal value of $21.4 B. GE Biopharma to receive $21.4B- including $18B in cash and $3B as convertible preferred shares in Danaher
  • The focus of the acquisition is to strengthen & advance Danaher's life science portfolio using GE's bioprocessing technologies in developing therapies
  • GE Biopharma unit comprises of chromatography hardware- cell culture media- single-use technologies- development instrumentation and service for research and development of drugs in multiple therapy areas. The transaction is expected to close on Q4'19

Ref: Danaher Corporation | Image: Yahoo Finance

Click here to­ read the full press release 

Senior Editor

This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com

Share this article on WhatsApp, LinkedIn and Twitter

Join the PharmaShots family of 12000+ subscribers

I accept the Terms and Conditions