The FINANCIAL — Roche (SIX: RO, ROG; OTCQX: RHHBY) announced on March 20 a global distribution agreement for its Biochemical Reagents product portfolio with Sigma-Aldrich Corporation (NASDAQ: SIAL).
These products include kits and enzymes for cellular analysis, proteomics and conventional PCR applications. Under the terms of the agreement, Sigma-Aldrich will acquire exclusive rights for worldwide distribution of these products. Roche remains the legal manufacturer of the products, according to Roche.
“With this agreement, we are able to provide more customers with access to high-quality Roche Biochemical Reagents products through Sigma-Aldrich’s expanded eCommerce and distribution networks,” said Paul Brown, Head of Roche Molecular Diagnostics. “In addition, this will allow us the flexibility to devote more resources in our focus areas.”
“Sigma-Aldrich is excited to offer the global scientific community access to Roche’s leading portfolio of scientific tools and reagents. The addition of these life science tools supports our strategy to augment our portfolio with products that accelerate customer scientific research programs,” said Eric Green, Executive Vice President and President, Sigma-Aldrich Research.“We look forward to working with Roche in this relationship.”
Transition of the Roche portfolio to Sigma-Aldrich is expected to take place in 2015. In the interim, these products will continue to be available through existing Roche channels.
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