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Thermo Fisher Gets Government Investment for Pipette-Tip Facility

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)

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