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Instrumentation Laboratory Awarded Massachusetts Life Sciences Center Tax Incentive
Date:5/8/2013

BEDFORD, Mass., May 8, 2013 /PRNewswire/ -- Instrumentation Laboratory (IL) today announced that it has been awarded a $980,000 tax incentive by the Massachusetts Life Sciences Center (MLSC) as part of the Life Sciences Tax Incentive Program.  The Program is designed to foster job growth in life sciences within the Commonwealth.

Founded and based in Massachusetts since 1959, IL is dedicated to the development, manufacturing and commercialization of innovative Critical Care and Hemostasis Diagnostic products and services.  Every day, over one million samples of blood are tested on IL systems around the world.  At its headquarters and technology center in Bedford, MA, IL employs more than 200 highly skilled scientists and engineers, focused  on the development of state-of-the-art systems for clinical laboratories worldwide.  IL will apply the MLSC award to expand its employee base, ultimately enhancing IL's robust product portfolio, spanning from analyzers and reagents to information management solutions.

"We are honored to receive this MLSC award which will help us continue investing in our organization and in our products.  IL has grown to become a worldwide leader in both the Hemostasis and Critical Care diagnostics markets over the past five decades," said Ramon Benet , CEO at IL.  "Our mission is to enhance the quality of patient care through our products, and like the healthcare providers we serve, we are passionate about this goal.  We are committed to enriching our highly skilled employee base as we continuously improve our current product line and commercialize our rich diagnostic pipeline in the upcoming years."

IL has a series of noteworthy industry "firsts" including the first direct-reading pH/blood gas analyzer; the invention of CO-Oximetry; the first information management system for
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SOURCE Instrumentation Laboratory
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