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Thermo Fisher secures approval for Phadia takeover
20 August 2011: US laboratory equipment maker Thermo Fisher Scientific Inc secured (European Approval)EU approval on 19 August 2011 for its $3.5 billion (approx Rs 15925 crore) purchase of Swedish diagnostics company Phadia to reinforce its portfolio of allergy and autoimmune disease tests.
Phadia is being sold by private equity firm Cinven, specialises in tests for airborne, food and pet allergies, and also tests for autoimmune diseases such as rheumatoid arthritis.
Source: Business Recorder