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) declared a quarterly cash dividend of $0.26 per common share, payable on January 14, 2022, to shareholders of record by December 15, 2021. The company, a leader in serving science with around $35 billion in annual revenue, aims to enhance health, cleanliness, and safety globally. They support life sciences research, diagnostics, and laboratory productivity through their renowned brands, including Thermo Scientific and Applied Biosystems.
Thermo Fisher Scientific (NYSE: TMO) has unveiled a suite of advanced mass spectrometry instruments and software at the ASMS 2021 Conference in Philadelphia. The new offerings, including the Orbitrap Exploris MX, aim to streamline biopharmaceutical development and quality control processes. Notable enhancements include the MAM 2.0 workflow, which integrates multiple assays into one analysis, and innovative software solutions like Proteome Discoverer 3.0 and Compound Discoverer 3.3, leveraging AI for improved data analysis. Thermo Fisher reported annual revenue of approximately $35 billion.
Thermo Fisher Scientific (NYSE: TMO) reported a 9% increase in third-quarter revenue to $9.33 billion, with GAAP diluted EPS at $4.79 and adjusted EPS rising 2% to $5.76. COVID-19 response revenue was $2.05 billion. The company raised its 2021 revenue guidance to $37.1 billion, projecting 15% growth, and adjusted EPS guidance to $23.37, indicating a 20% year-over-year growth. Major innovations included new products in oncology and biopharma, alongside expanding capacities in North Carolina and South Korea to support vaccine production.
Thermo Fisher Scientific (TMO) released its 2020 Corporate Social Responsibility (CSR) report, highlighting significant commitments to environmental, social, and governance (ESG) efforts. Key achievements include producing over 700 million PCR-based COVID-19 tests and investing $1.3 billion in diverse-owned businesses. The report also showcases initiatives for colleague support, with 40% of leadership hires being women, a $30 million investment in STEM education, and a $25 million COVID-19 testing program for historically black colleges. The company is on track to achieve a 30% reduction in greenhouse gas emissions by 2030.
Thermo Fisher Scientific (NYSE: TMO) has priced a $5.85 billion offering of senior notes, which includes $1 billion of 18-month floating rate notes, $1.35 billion of 0.797% senior notes, and $2.5 billion of 1.215% senior notes due in 2024. The offering is set to close on or about October 22, 2021. Proceeds will primarily finance the acquisition of PPD, Inc., with potential uses for general corporate purposes. Interest on floating rate notes will be paid quarterly, while fixed rate notes will pay semi-annually.
Thermo Fisher Scientific (NYSE: TMO) announced its intention to offer USD-denominated senior notes to help fund its proposed acquisition of PPD, Inc. The notes will also support general corporate purposes, such as debt refinancing and working capital. The offering is led by joint book-running managers including Barclays, Morgan Stanley, and BofA Securities. This action follows an effective registration statement filed with the SEC. Investors should note the potential risks associated with capital market conditions and the acquisition timeline.
Thermo Fisher Scientific Inc. (NYSE: TMO) will announce its third-quarter 2021 financial results on October 27, 2021, before the market opens. A conference call will follow at 8:30 a.m. EDT, where the company will discuss its performance and future outlook. Interested parties can listen via phone or through the company’s website. With an annual revenue of approximately $35 billion, Thermo Fisher is committed to supporting scientific advancement and improving global health.
Thermo Fisher Scientific has priced an offering of €5.25 billion in euro-denominated senior notes through its wholly-owned subsidiary. The notes include €1.75 billion of 0.800% notes due 2030, €1.5 billion of 1.125% notes due 2033, €1.25 billion of 1.625% notes due 2041, and €750 million of 2.000% notes due 2051. Proceeds will fund the acquisition of PPD, Inc. The offering is expected to close around October 18, 2021, and is fully guaranteed by Thermo Fisher.
Thermo Fisher Scientific (NYSE:TMO) has taken operational control of a new biologics manufacturing site in Lengnau, Switzerland, as part of its partnership with CSL Limited. This facility spans 1.5 million square feet and will enhance production capabilities with bioreactors up to 12,500L. Approximately 200 employees will join Thermo Fisher. Initially, the site will support CSL's Idelvion® production for hemophilia B, with plans for further expansion to other biopharma clients. This move strengthens Thermo Fisher's global biologics manufacturing network, including locations in the US, Netherlands, Australia, and China.
Thermo Fisher Scientific (NYSE: TMO) announced its continued $7.5 million commitment for the 2021-2022 school year to support The Just Project, providing no-cost COVID-19 testing at over 60 historically black colleges and universities (HBCUs). The initiative aims to ensure campus safety amidst rising COVID-19 cases, having conducted over 50,000 tests last year with infection rates below 1%. Additionally, Thermo Fisher plans to hire more than 500 HBCU alumni over three years to promote diversity in its workforce.