In an effort to grow its food safety portfolio recently,
Life Technologies Corporation
) formed an alliance with Germany-based PIKA Weihenstephan. This
partnership is aimed at developing molecular testing solutions
for the detection of spoilage organisms to enhance the quality
and standards of beverages and breweries.
This makes Life Technologies the exclusive provider of
enrichment media and PCR kits to meet the dynamic needs of
beverage safety and quality standards in the brewing and beverage
PIKA Weihenstephan is a spin-off from the well-regarded
Technical University Munich. PIKA Weinhenstenphan is known for
innovative solutions for microbiological analysis for
The partnership with PIKA Weinhenstenphan underlines Life
Technologies' relentless efforts to expand its addressable
market. With the extension in the domain of beverage quality and
safety on the back of high-quality testing solutions for spoilage
organisms, the company hauled a good way off from the purview of
Life Technologies, in association with PIKA Weinhenstenphan,
will also extend consultancy services to brewers in case of
potential contamination of the beverages. Considering that
maintaining consistency in product quality is a prime concern for
major brewers, Life Technologies' newest solution offers a
promising market opportunity.
This comes as a major boost to the applied science franchise
for Life Technologies as the partnership augmented the company's
platform of animal health and food safety products. We believe
that expansion of end markets presents a major growth opportunity
for Life Technologies.
According to the company, building customized solutions for
target industries is a key growth catalyst for its food safety
and animal health franchise. Of late, Life Technologies has
sharpened focus on product platforms with a string of product
launches over the recent past following the disclosure of its
Thermo Fisher Scientific Inc.
). With the overwhelming approval of its stockholders in favor of
the deal, the impending acquisition of Life Technologies is now
subject to customary conditions.
Currently, the stock carries a Zacks Rank #3 (Hold). On the
), carrying a Zacks Rank #1 (Strong Buy) and
LeMaitre Vascular, Inc.
), carrying a Zacks Rank #2 (Buy), are worth
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