Thermo Fisher Scientific Inc. is the world leader in serving science, providing an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services to customers across the globe. The company serves pharmaceutical and biotech firms, hospitals and clinical diagnostic laboratories, universities, research institutions, government agencies, as well as environmental, industrial, research and development, quality and process control…
Thermo Fisher Scientific Inc. is the world leader in serving science, providing an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services to customers across the globe. The company serves pharmaceutical and biotech firms, hospitals and clinical diagnostic laboratories, universities, research institutions, government agencies, as well as environmental, industrial, research and development, quality and process control settings.
Revenue is generated through the sale of reagents, instruments, consumables, software and services that support scientific research, diagnostics and bioproduction. The company earns income by offering a broad portfolio of products such as reagents, instruments and consumables, complemented by software, service contracts and outsourced solutions that enable customers to conduct experiments, develop drugs, run clinical tests and manufacture biologics.
The company operates through the following segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services.
• Life Sciences Solutions: This segment provides an extensive portfolio of reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease. It serves pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic and government markets and consists of three primary businesses: biosciences, genetic sciences and bioproduction. The biosciences business offers reagents, instruments and consumables for molecular biology, protein biology, drug discovery and disease detection. The genetic sciences business supplies instruments and related reagents for genomic and proteomic analysis to support research, clinical, healthcare and applied decisions. The bioproduction business delivers solutions for biologics production and industrial manufacturing, including upstream cell culture, downstream purification, analytics for detection and quantitation, filtration, separation of process impurities and a suite of single use solutions spanning the biologics workflow.
• Analytical Instruments: This segment offers a broad range of instruments together with supporting consumables, software and services used for various applications. It serves customers in pharmaceutical, biotechnology, academic, government, environmental and other research and industrial markets as well as the clinical laboratory. The segment includes three primary businesses: chromatography and mass spectrometry, chemical analysis and electron microscopy. Chromatography and mass spectrometry develops analytical instrumentation for organic and inorganic sample analysis across applied technologies and scientific research. Chemical analysis products fall into three main categories: production, process and analytics, field and safety instruments, and environmental and process instruments. Electron microscopy serves life sciences, materials sciences and semiconductor markets providing leading research tools and also supplies integrated workflows for semiconductor research and development and production solutions.
• Specialty Diagnostics: This segment offers a wide range of diagnostic test kits, reagents, culture media, instruments and associated products to serve customers in healthcare, clinical, pharmaceutical, industrial and food safety laboratories. Healthcare products increase the speed and accuracy of diagnoses, improving patient care in a cost efficient manner. The segment consists of five primary businesses: clinical diagnostics, immunodiagnostics, microbiology, transplant diagnostics and the healthcare market channel. Clinical diagnostics provides liquid, ready to use and lyophilized immunodiagnostic reagent kits, calibrators, controls, protein detection assays and instruments used for drugs of abuse testing, therapeutic drug monitoring, thyroid hormone testing, sepsis screening, serum toxicity, first trimester screening, tumor marker testing and diagnosis and monitoring of multiple myeloma. Immunodiagnostics develops, manufactures and markets complete blood test systems to support clinical diagnosis and monitoring of allergy, asthma and autoimmune diseases. Microbiology supplies dehydrated and prepared culture media, collection and transport systems, instrumentation and consumables to detect pathogens in blood, diagnostic and rapid direct specimen tests, quality control products and associated products for the microbiology laboratory. Transplant diagnostics provides human leukocyte antigen typing and testing for the organ transplant market. The healthcare market channel offers a broad array of consumables, diagnostic kits and reagents, equipment, instruments, solutions and services for hospitals, clinical laboratories, reference laboratories, physicians offices and other clinical testing facilities.
• Laboratory Products and Biopharma Services: This segment offers virtually everything needed for the laboratory, combining self manufactured and sourced products with an extensive service offering that enables customers to focus on core activities and become more innovative, productive and cost efficient. It also includes a comprehensive portfolio of outsourced services used by the pharmaceutical and biotechnology industries for drug development, clinical research, clinical trials and commercial drug manufacturing. The segment serves pharmaceutical, biotechnology, academic, government and other research and industrial markets as well as the clinical laboratory market through four key businesses: laboratory products, research and safety market channel, pharma services and clinical research. Laboratory products provides lab consumables, equipment and chemicals used for life science research and drug discovery and development to advance disease prevention and cure and enhance quality of life. Research and safety market channel offers a mix of products manufactured by Thermo Fisher, by third parties for the company on a private label basis and by third parties under their own brands but made available for sale through the company. Pharma services delivers the full spectrum of development, manufacturing and clinical trials services for both small molecule and large molecule pharmaceuticals. Clinical research supplies comprehensive, integrated clinical development and analytical services covering all phases of development (Phases I through IV), peri and post approval periods and site and patient access services.
The company is widely recognized as a world leader in serving science, a status derived from its extensive product range, strong brand portfolio and global reach. It faces competition from numerous specialized firms as well as large diversified corporations that offer overlapping products in areas such as analytical instruments, diagnostics and laboratory supplies. Competitive advantages stem from continuous investment in research and development, a track record of successful acquisitions, deep technical expertise, a reputation for quality and reliability and a responsive customer service network. These factors help Thermo Fisher maintain solid market share and drive long term growth.
Thermo Fisher Scientific Inc. serves a broad customer base that includes pharmaceutical and biotechnology companies, hospitals and clinical diagnostic laboratories, universities and research institutions, government agencies, as well as environmental, industrial, food safety and quality control organizations. The company’s products and solutions are used by scientists, lab technicians, clinicians and process engineers who rely on its tools for experimentation, drug development, disease testing and manufacturing.
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Sector: Healthcare Industry: Diagnostics & Research CIK: 0000097745