Thermo Fisher expands gene therapy portfolio with acquisition

26 March 2019

Thermo Fisher Scientific (NYSE: TMO) has reached a definitive agreement to acquire Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies, with the news nudging its share 1.26% higher to $267.13 in early afternoon trading on Monday.

The transaction, valued at approximately $1.7 billion in cash, is expected to be completed by the end of the second quarter of 2019, and is subject to customary closing conditions, including regulatory approvals.

Headquartered in Cambridge, Massachusetts, Brammer Bio is a leading viral vector contract development and manufacturing organization (CDMO), enabling biopharma customers to deliver breakthrough medicines to patients by unleashing the potential of gene therapies and gene-modified cell therapies. The business has nearly 600 employees at primary locations in Massachusetts and Florida.

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