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IBI, Thermo Fisher sign manufacturing deal

ROCKVILLE, Md., June 17 (UPI) -- U.S. company Innovative Biosensors Inc. announced it has signed a strategic manufacturing and distribution deal with Thermo Fisher Scientific Inc.

IBI says it signed the manufacturing and distribution agreement with Thermo Fisher in a move to meet growing market demands. As part of the deal Thermo Fisher will manufacture IBI's BioFlash biological aerosol collection, detection and identification technology.

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Officials say Thermo Fisher will distribute the threat detection technology under a license agreed to as part of the manufacturing and distribution deal.

"We are excited about this relationship with Thermo Fisher," Joe Hernandez, IBI president and chief executive officer, said in a statement.

"Thermo Fisher's world class manufacturing capabilities will enable us to satisfy the growing market demand for the BioFlash … the extensive Thermo Fisher sales and marketing organization will enable the BioFlash and associated consumables to be offered on a much wider basis in new markets."

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