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Abstract:
Innovative liquid handling consumables to broaden product portfolio

Thermo Fisher Scientific Acquires nAscent BioSciences

PALM SPRINGS, CA | Posted on January 28th, 2008

Thermo Fisher Scientific Inc., the world leader in serving science, today announced it has acquired nAscent BioSciences Inc., a supplier of innovative liquid handling consumables for drug discovery screening applications. The nAscent product lines, which include the PocketTip® pipette tip, will be integrated into Thermo Fisher Scientific's existing liquid handling consumables business.

PocketTip technology combines nanoliter metering with microliter diluting in a pipette tip for most commercially available liquid handling automated platforms. This innovative product provides scientists with a tool that significantly reduces time, reagents, consumables and labor traditionally required for primary and secondary screening during drug discovery.

"A key element of our business strategy is to provide our customers with innovative and differentiated products that deliver real workflow solutions for drug discovery," said Timo Hilden, vice president and general manager of Thermo Fisher Scientific's liquid handling consumables business. "This acquisition is in line with that product portfolio strategy and also expands Thermo Fisher Scientific's capabilities in the increasingly important area of nanoliter liquid handling."

"We are very excited about Thermo Fisher Scientific's ability to take the PocketTip product line to the next level," said Dave Stoldt, nAscent's president and CEO. "They bring unsurpassed depth in sales and distribution of laboratory consumables, as well as integrated laboratory automation solutions. Our existing customers will continue to receive the quality and benefits they have come to expect, but Thermo Fisher Scientific's long-standing global leadership in this sector will allow the features and benefits of PocketTip to become available to new customers for new applications."

For additional information on PocketTip®, call 1-858-812-2639 or visit www.pockettip.com.

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About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With an annual revenue rate of more than $9 billion, we employ 30,000 people and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com.

nAscent is a privately held company based in Wellesley Hills, MA which pioneered nanoliter liquid-handling solutions for existing platforms in life sciences laboratories. nAscent’s primary product PocketTips® have been adopted by leading pharmaceutical and biotechnology companies and academic research institutions. PocketTips provide improved data quality, plus cost and labor savings in the drug discovery process.

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Contacts:
Media Contact Information:
Clare Russell
Alto Marketing
Phone: +44 (0)1489 557672

Website: www.alto-marketing.com

Secondary Contact Information:
Natalie Dalecky
Thermo Fisher Scientific
+1 540-535-2226

www.thermofisher.com