Current News

Contact | Print version | PDF version | Send article | RSS-Feed

GE Healthcare Acquires Wave Biotech LLC
Broadening Capabilities in Growing Biopharmaceutical Manufacture Segment

18 Apr 2007 - GE Healthcare, a unit of General Electric Company, announced it has acquired Wave Biotech LLC, a supplier of disposable manufacturing technologies for the biopharmaceutical industry. The acquisition of Wave Biotech LLC including its subsidiary Wave Europe Pvt. Ltd. shall allow GE Healthcare to expand its offering of products and services for the manufacture of biopharmaceuticals such as antibodies and vaccines. Financial terms were not disclosed.
 
Wave Biotech develops and manufactures bioreactors which are designed to replace traditional and more expensive stainless steel tanks and piping. According to the company, the patented products offer considerable advantages such as more rapid installation, potentially reducing time to market, and significantly lower costs by eliminating the need for cleaning and validating between batches.