GE Healthcare to Acquire Swedish Medical Company

by Medindia Content Team on June 21, 2006 at 6:58 PM Corporate News

Font : A-A+

GE Healthcare to Acquire Swedish Medical Company

General Electric Co is to buy Swedish medical company Biacore to complement its own healthcare division GE Healthcare, the two companies have announced.

The Fairfield, Connecticut-based GE will purchase Biacore, which specialises in instruments for medical research, for 3.22 billion Swedish kroner ($438 million).

Pharmaceutical company Pfizer Inc, which holds a 41 percent stake in Uppsala, Sweden-based Biacore, supports the bid, according to GE.

"We are extremely excited about Biacore's prospects," GE Healthcare chief executive Joe Hogan said in a statement. "Our joint offerings will create added value for our customers in biomedical and drug discovery research."

(Source: IANS News)

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.

Notify me when reply is posted
I agree to the terms and conditions

guest

Dear Sirs, We are in the field of repair and maintenance of different instruments controlled by Microprocessor Circuits. We have been also service Franchiser of LG and Samsung all Consumer Electronics Products in Bihar. We like to diversify our activities in the field of Bio-Medical Instruments. Please let us know if you are interested in entrusting us with Sales and after sales service of medical instruments dealt by you in the state of Bihar and Jharkhand. Thanking you, M/s A to Z Care Sanjay Bhadani A-71, Krishna Apartment Boring Road,Patna-13 BIHAR (INDIA) Ph-0612-2571520 Mob.-9934488565 E-mail- atoz_care@yahoo.com

Reply | Forward

More News on:

Awareness about Healthcare Insurance in India Healthcare Insurance-Common Terms and Definitions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

What's New on Medindia

DOOR Syndrome / Rare Genetic Disorder

DOOR syndrome is a rare genetic disorder marked by deafness, short or absent fingernails, abnormal ...

Gluten-Free Diet: Health Benefits and Recipes

Are you gluten intolerant? Stay away from gluten allergy and celiac disease by shifting to ...

Moxetumomab pasudotox-tdfk for Hairy Cell Leukemia (HCL)

Moxetumomab pasudotox-tdfk is used to treat hairy cell leukemia (a form of chronic lymphocytic ...

View All

News Category

How is Medicaid Expansion Boosting Employment in People With Disabilities? Eye Surgery for 1,000 Visually Impaired Indians to be Sponsored by LG Electronics Irritable Bowel Syndrome: Second Cause of Work Absenteeism in India Small Company Employees Less Likely to Get Screened for Cancer Identity Concealment at Workplace can Have Negative Effects

More Corporate News

News Archive

Date:
Category:
Keyword:

RapidSSL

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment.
Full Disclaimer

This site complies with the HONcode standard for trustworthy health information:
verify here.

GE Healthcare to Acquire Swedish Medical Company

Post a Comment

Most Popular On Medindia:

Drug Interaction Checker

Sanatogen

How to Reduce School Bag Weight - Simple Tips