Thermo Fisher Gets Government Investment for Pipette-Tip Facility

Provided by Dow Jones

Sep 2, 2021 12:23 PM UTC

By Matt Grossman

Thermo Fisher Scientific Inc. has received a $192.5 million contract from the U.S. Department of Defense to ramp up production of pipette tips used in medical research and diagnostics.

The funds will go toward an investment in a new facility in North Carolina to make pipette tips, which are used in Covid-19 testing along with other research and diagnostics applications, the company said. Construction is scheduled to finish by the third quarter of 2024, but manufacturing at the site could begin a year earlier, Thermo Fisher said.

In the future, the site could also be used to manufacture other product lines, the company said.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

September 02, 2021 08:23 ET (12:23 GMT)

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

Sponsor Center

How we make money

How we use your personal data

How we approach editorial content