Biotech, RNA Interference, acquisitions

Thermo Fisher Acquires Open Biosystems for RNAi Technology

Luke Timmerman 7/1/08

Thermo Fisher Scientific (NYSE: TMO) said today it has acquired Open Biosystems, a maker of RNA interference products for research and development of new drugs. Thermo, based in Waltham, MA, didn’t disclose the purchase price, although it did say Huntsville, AL-based Open Biosystems had $14 million in revenues in 2007. Open Biosystems specializes in short-hairpin RNAs, and viral vector systems for delivering short-hairpin RNA molecules into cells, Thermo said.