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In an effort to grow its food safety portfolio recently, Life Technologies Corporation
(LIFE - Analyst Report
) 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 industry.
PIKA Weihenstephan is a spin-off from the well-regarded Technical University Munich. PIKA Weinhenstenphan is known for innovative solutions for microbiological analysis for breweries.
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 pathogen testing.
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 acquisition by Thermo Fisher Scientific Inc.
(TMO - Analyst Report
). 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 other hand, Alere Inc.
(ALR - Snapshot Report
), carrying a Zacks Rank #1 (Strong Buy) and LeMaitre Vascular, Inc.
(LMAT - Snapshot Report
), carrying a Zacks Rank #2 (Buy), are worth considering.