This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE to Acquire Sweden's Biacore

GE's (GE - Get Report) health care unit is offering to buy Sweden's Biacore International, a maker of tools for protein research, for about $438 million.

A part of Pfizer (PFE - Get Report) owns 41% of Biacore and said it supports the transaction. Biacore employs about 300 people worldwide, and operates a research and development and manufacturing facilities in Uppsala, Sweden, where GE Healthcare Life Sciences is based.

"GE Healthcare and Biacore have a shared vision on the importance of life sciences research to future developments in improving global health care," said Joe Hogan, president and CEO of the GE division. "Life sciences is a key area of growth for GE Healthcare, and Biacore is highly complementary and synergistic with our existing protein sciences business."

Founded in 1984, Biacore's systems generate data on the interactions between proteins and other molecules, including small molecules such as drug candidates. Biacore's products are used in areas such as antibody characterization, proteomics immunogenicity and production.

Shares of GE were down 7 cents at $33.65. Pfizer slipped 16 cents to $22.90.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
GE $27.31 0.00%
PFE $34.08 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%


DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs