PerkinElmer completes $5.25bn acquisition of antibody specialist

BioLegend has been acquired by PerkinElmer in the largest acquisition in the company's history

PerkinElmer has completed its acquisition of BioLegend, a worldwide provider of life science antibodies and reagents for a total consideration of approximately $5.25 billion.

The acquisition, the largest in PerkinElmer's history, further expands the company's life science franchise into high-growth areas such as cytometry, proteogenomics, multiplex assays, recombinant proteins, magnetic cell separation and bioprocessing.

Commenting on the collaboration ahead, Prahlad Singh, President and CEO of PerkinElmer, said: "BioLegend's stellar leaders, teams and technologies will play a critical role in our combined companies' ability to provide new, innovative solutions to scientists -- helping drive novel therapeutic discovery and development. We also look forward to BioLegend significantly enhancing our leading reagents portfolio as we partner together to innovate and advance science for our customers."

Gene Lay, founder, President and CEO of BioLegend, added: "We are very excited to roll up our sleeves and work together with our new PerkinElmer colleagues to mutually leverage our portfolios, people and shared passion for innovation and science to accelerate the discovery and development of novel therapeutics. PerkinElmer's broad life science platform and strong global infrastructure will help BioLegend continue to extend our mission of enabling our customers to do legendary discovery."

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