Rainer Blair. CREDIT DANAHER
By CBJ News Staff
Danaher Corp., the parent company of Coralville-based Integrated DNA Technologies, has named Rainer Blair as its new president and CEO.
Mr. Blair’s predecessor, Thomas Joyce, has retired from those positions, and will continue to support the Washington, D.C.-based company as a senior advisor through next February.
Mr. Blair previously served as executive vice president of Danaher’s Life Sciences platform, a role he had held since 2014. While in that role, he helped Danaher build a portfolio of life sciences businesses, including IDT, that are uniquely positioned to reduce the development time and cost of biologic drugs, and grew the division’s annual revenues five-fold to roughly $10 billion.
Danaher acquired IDT in March 2018 for an estimated $2 billion, the CBJ reported. IDT was founded in 1987 by University of Iowa biochemistry professor Joseph Walder in partnership with Baxter Healthcare, and has become a global leader in manufacturing of custom DNA and RNA oligonucleotides used in genetic research, biotechnology, agriculture, clinical diagnostics and pharmaceutical development. CBJ