US biotech firm opens global hub in PH

Photo from Thermo Fisher Scientific website

Massachusetts-based US biotech company Thermo Fisher Scientific has recently opened a global business services center in the Philippines, expanding its presence in the country as it ramps up its hiring in the next two years.

In a statement on Tuesday, the New York Stock Exchange (NYSE)-listed company said it held a ribbon-cutting ceremony for its new facility in Quezon City last August 29.

The company said the center expands the company’s global network of over 1,600 employees across five existing shared service centers, and will operate as a central hub to deliver financial and customer services in the healthcare and biotech industries.

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“Thermo Fisher is committed to being a reliable partner in the Philippines and the wider Asia-Pacific region,” said Konrad Bauer, the senior vice president for Thermo Fisher Scientific’s global business services.

“This new site represents a significant expansion of our extensive global network of global business services centers. With this growth, we are strategically positioned to enhance our capabilities that enable our customers’ important work,” he added.

The company said they have more than 1,400 team members in the Philippines engaged in clinical research and customer support.

The new facility is expected to employ 100 individuals initially, with plans to expand the workforce to over 450 colleagues by the end of 2026, said the firm.

The company highlighted its expanding presence in the region, where it supports customers through comprehensive solutions in areas such as biotech, healthcare, clean energy and environmental monitoring. “

“Thermo Fisher’s expansion in the Philippines demonstrates our continued commitment to expand our regional footprint to better support our customers,” said Sho-Wen Yeo, the vice president and general manager of Southeast Asia & Taiwan for Thermo Fisher Scientific.

“With the Philippines’ skilled workforce and robust infrastructure, the new global business services will continue to nurture top talent and function as an integrated hub to serve global customers,” she added.

Thermo Fisher Scientific Inc. touts itself as a world leader in its industry, with annual revenue over $40 billion.