Welcome to our dedicated page for Thermo Fishr Sci news (Ticker: TMO), a resource for investors and traders seeking the latest updates and insights on Thermo Fishr Sci stock.
Thermo Fisher Scientific Inc. (NYSE: TMO) is frequently in the news as the world leader in serving science, with disclosures and press releases covering its activities across life sciences, diagnostics, analytical instruments and pharma services. News about Thermo Fisher often highlights how the company’s technologies and services support customers in accelerating life sciences research, solving analytical challenges, improving laboratory productivity, enhancing diagnostics and enabling the development and manufacture of life‑changing therapies.
Recent Thermo Fisher news includes strategic collaborations, regional investments, product clearances, capital allocation decisions and financing transactions. The company announced a collaboration with NVIDIA to power AI‑based solutions and laboratory automation, pairing its scientific instruments and lab software with NVIDIA’s AI infrastructure to increase automation, accuracy and speed in laboratories. It also reported an expansion of its bioprocessing capabilities in Asia through Bioprocess Design Centers in Incheon, Hyderabad and Singapore, aimed at supporting the region’s biopharmaceutical industry.
Thermo Fisher’s news flow also covers regulatory and clinical milestones, such as 510(k) clearance in the United States for the EXENT System, an automated platform designed as an aid in the diagnosis of multiple myeloma and related disorders. Financial and corporate updates include announcements of euro‑denominated and U.S. dollar‑denominated senior note offerings, a $5 billion share repurchase authorization, quarterly dividends, and agreements and completions related to acquisitions such as Solventum Corporation’s purification and filtration business and Clario Holdings, Inc.
Visitors to this TMO news page can review a stream of these company‑specific developments, from earnings‑related announcements and conference presentations to leadership changes and strategic initiatives disclosed in press releases and SEC‑linked communications.
Thermo Fisher Scientific (NYSE: TMO) reported first quarter 2023 results with revenue of $10.71 billion, a 9% decrease from $11.82 billion last year. However, core organic revenue grew by 6%. The company posted GAAP diluted EPS of $3.32, down from $5.61 in the previous year. Adjusted EPS also declined to $5.03 from $7.25. Despite the revenue drop, Thermo Fisher launched innovative products, strengthened customer partnerships, and secured agreements for 100% renewable energy by 2026, aiming for a 50% reduction in greenhouse gas emissions by 2030. The company repurchased $3.0 billion of stock and raised its dividend by 17%. The earnings call for further guidance is scheduled for April 26, 2023.
Thermo Fisher Scientific Inc. (NYSE: TMO) has announced its 2023 Investor Day, scheduled for May 24, 2023, at 9:00 a.m. ET in New York City. The event will feature presentations from the senior management team and will conclude with a question-and-answer session. Interested parties can access the live webcast via the Investors section of the Thermo Fisher website, with a replay available post-event.
Thermo Fisher is recognized as a leader in serving science, boasting over $40 billion in annual revenue. The company focuses on enabling advancements in life sciences, improving diagnostics, and developing innovative therapies through its renowned brands, including Thermo Scientific, Applied Biosystems, and Invitrogen. For more information, visit www.thermofisher.com.
Thermo Fisher Scientific Inc. (NYSE: TMO) will release its financial results for the first quarter of 2023 on April 26, 2023, before market opening. A conference call is scheduled for 8:30 a.m. EST on the same date to discuss financial performance and future expectations. The company reported annual revenue exceeding $40 billion, emphasizing its mission to enhance health and safety globally through advanced scientific services.
Investors can access the earnings release and listen to the call via the company’s website.
Thermo Fisher Scientific (NYSE: TMO) has partnered with the University of California, San Francisco (UCSF) to boost advanced cell therapies from a new cGMP manufacturing facility near UCSF Medical Center. This collaboration aims to expedite groundbreaking treatments for conditions like cancer and rare diseases through enhanced CAR-T and CRISPR technologies. The facility will focus initially on glioblastoma and multiple myeloma therapies, with a record number of cell therapy approvals in recent years indicating a promising market. Thermo Fisher’s global network will provide comprehensive drug development services.
General Atlantic has appointed Mark Stevenson as a Senior Advisor in its Life Sciences sector. With over 30 years of leadership experience, he was previously the Executive Vice President and COO at Thermo Fisher Scientific (NYSE: TMO), a company generating over $40 billion in annual sales. General Atlantic has invested over $2.5 billion in Life Sciences since 2020 and is focused on identifying emerging investment opportunities in this growing field. Stevenson aims to support entrepreneurs scaling biotechnology innovations, highlighting the significant opportunities in life sciences for future growth.
On March 16, 2023, Gemini BioProducts Holding announced the appointment of Cory Stevenson as Executive Chairman of the Board of Directors. Stevenson, who joined the board in 2022, has played a vital role in the company’s strategic plans, particularly its 57,000-square-foot manufacturing expansion aimed at supporting the biopharma and cell/gene therapy sectors. Previously, he was President of the BioProduction Division at Thermo Fisher Scientific (TMO), where he significantly increased revenues from $200 million to over $2.5 billion annually. His collaboration with CEO Brian Parker positions him to effectively guide GeminiBio's growth.
Thermo Fisher Scientific Inc. (NYSE: TMO), a leader in scientific services, announced that Marc N. Casper, chairman and CEO, will present at the Cowen Healthcare Conference on March 6, 2023, at 9:10 a.m. (EST). The presentation will be accessible via a webcast on the company's Investor section of its website. With annual revenue exceeding $40 billion, Thermo Fisher is committed to enhancing global health and safety through innovative technologies and services. For further details, visit www.thermofisher.com.
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