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Promega Corporation: Wisconsin's quiet innovator

Fitchburg, Wis. - In many ways, Promega Corp. has given Northwestern Mutual Life some competition as the quiet company.

Quiet to those outside the life-science realm, that is. Inside the privately held company's suburban Madison walls, it's anything but silent, as a constant churn of innovation takes place. Thus......

Full article >>> ut also a smattering of engineers, bioinformatics staffers, and one software developer.

We try to maintain some 10 to 20 percent, on average, of our scientist's time to explore new ideas and technologies, Rosenberg said. We urge them to share these ideas and concepts as broadly as possible, since feedback from colleagues is the best possible way to help nurture ideas into realities.
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As a result, Promega has generated product innovations in forensics, where it took its DNA analysis tool and remodeled it to help forensic science deal with crime lab backlogs. Promega, which has the second largest global share in the forensics market, also has become a parts supplier to diagnostic kit makers such as Abbott Labs, a line of busines......

Full article >>> f products developed with their tools. Pharmaceutical companies detest this and argue that tool makers shouldn't own their drugs because their tools were used to develop them.

Promega sells licenses so that customers use its tools, including reagents, as part of a kit, but anything discovered with Promega tools belongs to the client. That's one of the reasons Rosenberg came to Promega aft......

Full article >>> re capital to get them to an inflection point.

Corporate citizen

Jim Leonhart, executive director of the Wisconsin Biotechnology and Medical Device Association, said Promega offers more to the state than science, jobs, and tax base. He cited its strong relationships with UW-Madison and program support of high school biotech cur......

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Source:wistechnology.com By Joe Vanden Plas 05/02/07


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11. Promega Announces Agreement with Abbott
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