GE Healthcare to acquire Xcellerex

Friday, March 9, 2012 02:10 PM

U.K.-based GE Healthcare, a unit of GE, will acquire Xcellerex, a supplier of manufacturing technologies for the biopharmaceutical industry.

GE Healthcare said the acquisition will allow it to expand its offering of products and services for the manufacture of biopharmaceuticals such as recombinant proteins, antibodies and vaccines. The strong strategic fit between the two companies, combined with expanded capabilities in product development and marketing, will offer significant customer benefits.

Xcellerex develops and produces turnkey biomanufacturing systems and production-scale bioreactors based around single-use components. The proprietary products offer faster installation, lower capital investment, reduced risk of cross-contamination and increased flexibility. Xcellerex’s FlexFactory is a complete custom-designed modular production platform based around single-use technologies that helps customers deploy manufacturing capacity more quickly.

“GE and Xcellerex share the vision that an integrated approach, where we can help customers optimize every stage of their manufacturing process, has the potential to increase production flexibility and deliver higher yields of finished product while reducing time to market,” said Dr. Nigel Darby, vice president of biotechnologies and chief technology officer of GE Healthcare Life Sciences. “With the global focus on spiraling health costs and the need for sustainable healthcare, these are critical issues for the industry.”

The acquisition, subject to customary closing conditions, is expected to close in the second quarter of 2012.

Xcellerex, based in Marlborough, Mass., has approximately 135 employees and had 2011 revenues of approximately $50 million.

 

Share:          
CLINICAL TRIAL RESOURCES

Search:

NEWS ONLINE ARCHIVE

Browse by:

CWWeekly

December 17

Medici Global says its Alzheimer's Facebook page demonstrates the need for more early detection trials

Analysts: Expect more equity purchases of CROs in 2013

Already a subscriber?
Log in to your digital subscription.

Subscribe to CWWeekly.

The CenterWatch Monthly

January 2013

Parexel celebrates 30 years of change, growth
CRO's founder and chairman reflects on challenges of the past, present and future

Strategies for increasing patient diversity in trials
Sponsors look to improve racial, ethnic recruitment without going overseas

Already a subscriber?
Log in to your digital subscription.

Purchase the January issue.

Subscribe to The CenterWatch Monthly.

December 2012

Publicity, regulation tightening reins on use of KOLs
Debate rages over need to revamp how sponsors use, pay medical experts

Time may be right to makeover the investigator brochure
Size, complexity prevent critical document from being thoroughly read

Already a subscriber?
Log in to your digital subscription.

Purchase the December issue.

Subscribe to The CenterWatch Monthly.

JobWatch centerwatch.com/jobwatch

Featured Jobs