Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the best stocks that will always grow.
Thermo Fisher Scientific Inc. (NYSE:TMO) announced on March 5 the opening of its Cryo-Electron Microscopy (cryo-EM) Drug Discovery Center in South San Francisco, offering biotechnology and pharmaceutical innovators with immersive, hands-on access to advanced cryo-EM technologies specialized to expedite structural insights and the development of life-saving therapies.
Management further reported that the new center offers direct access to advanced cryo-EM innovation and scientific expertise, allowing a considerable reduction in the barriers to adoption. It added that cryo-EM can be used to expand the range of therapeutic targets and advanced therapies for structure-based methods, while also enabling pharmaceutical companies to get drugs to clinics faster. According to Thermo Fisher Scientific Inc. (NYSE:TMO), structure-guided drugs have over twice the rate of clinical success in half the preclinical time and at half the cost, compared with industry standards.
Glyn Davies, president of Materials & Structural Analysis, stated that the opening of the Cryo-EM Drug Discovery Center creates a collaborative environment that allows scientists to employ the power of Cryo-EM to better understand disease at the molecular level and accelerate therapeutic development.
Thermo Fisher Scientific Inc. (NYSE:TMO) provides analytical instruments, reagents, equipment, software, and other services for analysis, research, diagnostics, and discovery. It operates through the Analytical Instruments, Life Sciences Solutions, Laboratory Products and Services, and Specialty Diagnostics segments.
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