Phenomenex’s CEO Fasha Mahjoor has announced $12 million in bonuses for the company’s staff following the sale of Phenomenex Inc. to Danaher Corporation in October 2016.
Phenomenex’s CEO Fasha Mahjoor has announced $12 million in bonuses for the company’s staff following the sale of Phenomenex Inc. to Danaher Corporation in October 2016.
Chief Executive Fasha Mahjoor, who owns 90% of Phenomenex and founded the company in 1982, will continue on as President following the sale, which some reports have estimated to be in the $700 million region.
Mahjoor discussed the sale of his company in October stating, “Joining Danaher will allow us to maintain the high pace of innovation that our customers and international distributors have come to expect from us. This is our opportunity to further expand our R&D activities, benefit our customers with a more diversified product portfolio, and reinforce our market leadership.”
Approximately 95% of Phenomenex’s 800-strong workforce are likely to benefit from this announcement, although exact payouts are to be determined on service. The deal also maintains Phenomenex as a standalone company, while simultaneously increasing links with Sciex, another Danaher-owned chromatography business that Phenomenex collaborate with regularly.
“We are thrilled to have Phenomenex join Danaher’s life sciences portfolio of businesses, which includes Sciex, Beckman Coulter Life Sciences, Pall, Leica Microsystems, and Molecular Devices,” said Dan Daniel, Executive Vice President of Danaher Corporation.
“Phenomenex is a strong business characterized by high growth rates and margins, and excellent growth prospects driven by increasing analytical testing needs in the health, research, and environmental segments,” continued Daniel.
“We look forward to supporting the Phenomenex team and welcoming them to our Life Sciences team.”
For more information please visit: www.phenomenex.com or www.danaher.com
New Study Examines PFAS in Breast Milk Using LC-MS/MS
November 5th 2024On the suggestion that per- and polyfluoroalkyl substances (PFAS) affect both lactation and the human metabolome, perfluorooctanoate (PFOA) and perfluorooctane sulfonate (PFOS) were measured in the milk of 425 participants from the New Hampshire Birth Cohort Study using liquid chromatography-tandem mass spectrometry (LC-MS/MS).
AI and GenAI Applications to Help Optimize Purification and Yield of Antibodies From Plasma
October 31st 2024Deriving antibodies from plasma products involves several steps, typically starting from the collection of plasma and ending with the purification of the desired antibodies. These are: plasma collection; plasma pooling; fractionation; antibody purification; concentration and formulation; quality control; and packaging and storage. This process results in a purified antibody product that can be used for therapeutic purposes, diagnostic tests, or research. Each step is critical to ensure the safety, efficacy, and quality of the final product. Applications of AI/GenAI in many of these steps can significantly help in the optimization of purification and yield of the desired antibodies. Some specific use-cases are: selecting and optimizing plasma units for optimized plasma pooling; GenAI solution for enterprise search on internal knowledge portal; analysing and optimizing production batch profitability, inventory, yields; monitoring production batch key performance indicators for outlier identification; monitoring production equipment to predict maintenance events; and reducing quality control laboratory testing turnaround time.