Thermo Fisher xStock

Thermo Fisher Scientific (TMO), the largest supplier of laboratory equipment and reagents in the world, earning most of its money from consumables, chemicals and service contracts that laboratories reorder every year rather than from the instruments. It also runs one of the biggest contract manufacturing and clinical trial operations for drugmakers, built through the purchases of Patheon and PPD. TMOx is a tokenised tracker certificate from Backed Assets (JE) Limited, following the TMO share price on-chain.