#7: Thermo Fisher Scientific (TMO) Buys Life Technologies (LIFE)
There were a lot of mergers and acquisitions in the healthcare industry this year — especially in the various specialty subsectors — and no deal was bigger than this.
Thermo Fisher Scientific (TMO), the world’s largest maker of scientific and lab equipment, struck an agreement to buy genetic sequencing company Life Technologies (LIFE). The tie-up vaults Thermo into a prime position in the promising new field of personalized medicine.
Life Technologies is a huge prize because of the dramatic strides it’s making it cutting the time and costs for sequencing human DNA, which allows for the development of highly personal gene-based diagnostic tests and therapies.