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

the FDA and has the potential to accelerate the regulatory review process for regenerative medicine studies.
  • The company announced that it has initiated clinical trials leading to a 510(k) submission of a Class I and Class II HLA Sequence-Based Typing solution on the company's Applied Biosystems™ 3500 Dx Genetic Analyzer.  HLA typing is one of the main determinants used in patient-donor compatibility selection for individuals diagnosed with leukemia and other blood cancers.  
  • Furthering our efforts to make genetic sequencing affordable and simple enough for use in all molecular biology labs, the company introduced the Ion OneTouch™ system, a simple, bench-top sample preparation device for use with the Personal Genome Machine.  This automated system reduces the time required to prepare samples to three hours, from 8 to 10 hours using current manual methods.
  • The company announced the opening of a new distribution center in Singapore. This new distribution hub was built to address strong demand for Life Technologies' products in Asia Pacific markets.  Since its inception, the volume of items shipped per day in the region has increased fourfold, dramatically improving order fulfillment time by up to 50 percent. The new Singapore hub puts the company one step closer to its goal of delivering in stock products to customers within 3 to 5 days anywhere in the world.

  • Fiscal Year 2011 OutlookSubject to the risk factors detailed in the Safe Harbor Statement section of this release, the company reiterated its expectations for fiscal year 2011 financial performance. Organic revenues are expected to increase in the mid-single digits.  This level of organic revenue growth is expected to result in approximately $3.80 to $3.95 of non-GAAP earnings per share.   The company will provide further detail on its business outlook during the webcast today.

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