Life Technologies (Thermo Fisher Scientific)
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Life Technologies Corporation was a biotech company founded in November 2008 through a US$6.7 billion merger of Invitrogen Corporation and Applied Biosystems Inc. The joint sales of the combined companies were about $3.5 billion; they had about 9,500 employees, and owned more than 3,600 licenses and patents.[1]
Thermo Fisher Scientific Corporation acquired the company in 2014 and used the Life Technologies brand name for a family of biotechnology products and services from Feb 2014 to July 2015. Thermo Fisher retired the Life Technologies brand name and logos in late July 2015, following a world-wide release letter to all customers in five languages.[2][3][4][5][6]
Company name
The use of the "Life Technologies" brand name is disputed. Life Technologies (India) Private Limited, a company founded in 2002, operating in this corporate name claims ownership of the brand name.[7]
In January 2014, a legal dispute on the use of the mark "Life Technologies" in India concluded as the Delhi High Court denied[8] Life Technologies' request to prevent the similarly named biotechnology company Life Technologies India Pvt. Limited from using the "Life Technologies" mark and various related web domains.[9][10]
Acquisition
In 2013 Thermo Fisher agreed to buy Life Technologies for $13.6 billion.[11] They completed the sale on 3 February 2014, and the Life Technologies brand became part of the Life Sciences Solutions Group of Thermo Fisher Scientific.[12]
Between its formation in 2008 and its acquisition by Thermo Fisher Scientific in 2014, Life Technologies Corporation was an independent multinational corporation based in Carlsbad, California, United States.
Legal disputes
A court case involving Life Technologies (as the former Applera Corp) ended in January 2014, as the Connecticut District Court penalized Life Technologies Corp over $60 million[13] for patent infringements by its parent companies prior to the merger. The jury awarded $48 million in royalty damages to the plaintiffs Enzo Biochem, Inc, Enzo Life Sciences, and Yale University.[14]
References
- ↑ "Applied Biosystems, Invitrogen complete $6.7 billion merger". San Francisco Business Times. 21 November 2008. Retrieved 19 August 2009.
- ↑ https://www.lifetechnologies.com/content/dam/LifeTech/Documents/PDFs/Brand_Project_Customer_Letter_FINAL_06-26-2015_EN.pdf
- ↑ https://www.lifetechnologies.com/content/dam/LifeTech/Documents/PDFs/Brand-Project-Customer-Letter-FINAL_ES.pdf
- ↑ https://www.lifetechnologies.com/content/dam/LifeTech/Documents/PDFs/Brand-Project-Customer-Letter-FINAL_DE.pdf
- ↑ https://www.lifetechnologies.com/content/dam/LifeTech/Documents/PDFs/Brand-Project-Customer-Letter-FINAL_IT.pdf
- ↑ https://www.lifetechnologies.com/content/dam/LifeTech/Documents/PDFs/Brand-Project-Customer-Letter-FINAL_FR.pdf
- ↑ http://www.separationsnow.com/details/news/144548b7a73/Life-Technologies-loses-Indian-court-battle.html
- ↑ "Case 1698OS/2012" (PDF). Delhi High Court. 29 January 2014.
- ↑ Jon Evans (21 February 2014). "Life Technologies loses Indian court battle". SeparationsNow. Wiley.
- ↑ Gareth Macdonald (18 February 2014). "Fight for Life: new Thermo Fisher acquisition loses out in India". Biopharma Reporter. William Reed.
- ↑ Bill Berkrot (15 April 2013). "Thermo Fisher to buy Life Tech for $13.6 billion". Reuters. Retrieved 17 April 2013.
- ↑ "Thermo Fisher Scientific Completes Acquisition of Life Technologies Corporation". MarketWatch. The Wall Street Journal. 3 February 2014. Retrieved 4 February 2014.
- ↑ "US District Court Order". Justia. 3 January 2014.
- ↑ "Federal Court Awards Enzo Additional $12.4M Related to IP Suit Against Life Tech". GenomeWeb Daily News. 6 January 2014.