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Frost & Sullivan Recognizes Life Technologies for Excellence in the Life Science Research Tools Industry
Date:3/24/2009

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Life Technologies offers approximately 50,000 products and lays claim to an incredibly strong technological foundation of approximately 3,600 patents and licenses. Today, with the Invitrogen and Applied Biosystems brands, Life Technologies is at the forefront of scientific leadership not only with exceptional products and services but also with name recognition and visibility that is not found elsewhere in the industry. The Invitrogen brand will remain platform agnostic with reagents that provide accurate and consistent results on virtually any platform technology. The Applied Biosystems brand will be workflow-centric with integrated, validated, and certified combinations of reagents, instrumentation systems, and services. Together, the two brands will serve the needs of a complex and fast-moving base of approximately 75,000 customers.

Life Technologies generated revenues totaling over $3 billion in 2008. In addition, it generated approximately $500 million in revenues from its joint venture in the mass spectrometry systems business. The company had more than $700 million in revenues from its cell systems business, approximately $900 million in revenues from its genetic systems business, and an estimated $1.4 billion in revenues from its molecular biology systems business. Of even greater significance is the company's unprecedented 27 percent share of the aggregate market segment analyses presented above.

Life Technologies has an unrivaled scale and financial strength. A $300 million investment in research and development is likely to expand the company's position in the burgeoning markets surrounding advanced genomics, regenerative medicine, diagnostics, forensics, and environmental testing. For example, Life Technologies is building on its leading position in the capillary electrophoresis sequencing market by making a major play in next generation sequencing. By leveraging its Invitrogen brand o
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