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TMO Thermo Fisher Scientific Inc

571.25
-3.74 (-0.65%)
Last Updated: 16:49:32
Delayed by 15 minutes
Share Name Share Symbol Market Type
Thermo Fisher Scientific Inc NYSE:TMO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.74 -0.65% 571.25 579.795 565.49 579.48 305,302 16:49:32

Thermo Fisher Scientific's Support of COVID-19 Response Continues to Expand with U.S. Government Contract for Products Used i...

18/05/2020 1:00pm

PR Newswire (US)


Thermo Fisher Scientific (NYSE:TMO)
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WALTHAM, Mass., May 18, 2020 /PRNewswire/ -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced it has received a contract from the U.S. government to provide highly specialized viral transport media (VTM) for COVID-19 sample collection. The VTM is used during collection of patient samples for proper transport to laboratories that can test for the presence of the virus.

To ensure accuracy of COVID-19 test results, VTM must be manufactured and dispensed into tubes in an aseptic environment. Thermo Fisher currently produces VTM at its site in Lenexa, Kansas, which meets this requirement, and has ramped production from 50,000 to more than one million VTM-filled tubes per week.

Given the significant demand for COVID-19 testing and associated sample collection, Thermo Fisher will expand capacity in Lenexa with a new $40 million facility dedicated to VTM production and quality control. The added capacity and increased efficiencies will allow the company to scale production to more than eight million VTM-filled tubes per week.

The company plans to complete the new Lenexa facility in Q3 and expects that it will create approximately 300 new full-time jobs.

"Our production ramp-up in Lenexa has been impressive and our employees deserve recognition for their ingenuity and dedication to making this happen," said Marc N. Casper, chairman, president and chief executive officer of Thermo Fisher Scientific. "We have a proven blueprint for high-quality VTM production in Lenexa and look forward to bringing significant new capacity on line as quickly as possible to continue the necessary testing ramp-up in the U.S."

Casper added, "We're proud of our role in helping customers to battle the pandemic. With our leading scale and depth of capabilities, Thermo Fisher can support virtually every aspect of the COVID-19 response, which demonstrates what it means to be the world leader in serving science."

About Thermo Fisher Scientific 
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $25 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 75,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com.

Thermo Fisher Scientific (PRNewsfoto/Thermo Fisher Scientific)

Media Contact Information:
Ron O'Brien
Phone: 781-622-1242
E-mail: ron.obrien@thermofisher.com   

Investor Contact Information:
Ken Apicerno
Phone: 781-622-1294
E-mail: ken.apicerno@thermofisher.com 

 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thermo-fisher-scientifics-support-of-covid-19-response-continues-to-expand-with-us-government-contract-for-products-used-in-sample-collection-301060629.html

SOURCE Thermo Fisher Scientific

Copyright 2020 PR Newswire

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