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Thermo Fisher & Flagship Pioneering Expand Partnership for Innovative Life Sciences Platforms

Wednesday, November 29, 2023

Thermo Fisher Scientific Inc. (NYSE: TMO) and Flagship Pioneering have recently announced a strategic partnership to expedite the development and commercial scaling of multiproduct platforms. In this collaboration, both companies will collaborate to establish new platform entities that focus on innovative tools and capabilities to advance the biotech ecosystem and hasten the development of pioneering therapies. This partnership extends the existing supply relationship between Thermo Fisher and Flagship, encompassing Flagship's network of companies and drawing on the combined expertise of both organizations in life science tools, diagnostics, and services.

Michel Lagarde, Thermo Fisher Scientific's Executive Vice President and Chief Operating Officer, emphasized the importance of collaboration in innovation, stating, "As the trusted partner in our industry, collaborating on innovation is an important evolution of the long-standing relationship between our companies. We look forward to seeing the accelerating effect of Thermo Fisher’s deep technical expertise and extensive commercial capabilities on the future innovations Flagship and its companies will bring to market."

Dr. Justine Levin-Allerhand, Senior Partner at Flagship Pioneering, underscored the need for complementary capabilities in advancing health modalities, saying, "Pioneering new modalities for human health and environmental health require complementary capabilities and ecosystem elements to realize the full potential. Our partnership will couple Flagship’s innovative company formation process with Thermo Fisher’s deep understanding of the life sciences industry, as we collaborate to develop transformative capabilities for the ecosystem. We are pleased to expand our relationship with Thermo Fisher and together take bigger leaps in life sciences capabilities, while further empowering our industry."

 

Source: businesswire.com

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