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Life Technologies Announces First Quarter 2011 Results
Date:4/26/2011

li>Molecular Biology Systems division non-GAAP revenue was $426 million, a decrease of 1 percent over the same period last year.  Excluding the impact from currency and acquisitions, organic revenue for the division declined 3 percent. Strong demand for TaqMan® assay products was offset by the PCR and Molecular Biology Reagents businesses, which both faced difficult year-over-year comparisons.
  • Genetic Systems division non-GAAP revenue was $228 million in the first quarter, a decrease of 4 percent over the same period last year.  Excluding the impact from currency, organic revenue declined 8 percent.  The decline in revenue growth primarily resulted from the delayed shipment of the new 5500 sequencer due to events in Japan, and the impact of year over year comparables on the CE sequencing business.
  • Regional organic growth rates for the quarter compared to the same quarter of the prior year were as follows: the Americas increased 1 percent, Europe 2 percent, and Asia Pacific 7 percent.  Japan declined 16 percent.
  • Revenue from orders transacted through Life Technologies' eCommerce channels grew 25 percent during the quarter. Over 50 percent of all transactions are processed using eCommerce platforms.

  • Company and Technology Highlights:

  • The company launched a number of new consumable products in the quarter, including a new addition to the gold standard TaqMan® product line. The TaqMan® Mutation Detection Assay was developed for clinical researchers to validate and screen for low levels of mutations in cancer-related genes. This new assay is the first of its kind on the market, showing at least 10-fold greater sensitivity than currently available products.
  • The FDA granted 510(k) clearance for StemPro® MSC SFM, a liquid medium designed to efficiently grow human mesenchymal stem cells. StemPro® is the first and only product of its kind to receive clearance from
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  • SOURCE Life Technologies Corporation
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