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Palo Alto, CA, United States, 2007/05/21 - Frost & Sullivan selected Bio-Rad Laboratories, Inc., (AMEX: BIO and BIOb) as the recipient of the 2006 Frost & Sullivan Award for Product Line Strategy in the U.S. Reverse Transcription-Quantitative Polymerase Chain Reaction (RT-qPCR) market.
Bio Rad’s comprehensive line of RT-qPCR instruments and reagents provides the research community with needed tools for complex genetic analysis, which has revolutionized the search for biomarkers as well as the development of new drugs.
From single target detection with the MyiQ™ Real-Time PCR System, to five-target detection with the iQ™5 Real-Time PCR System, Bio-Rad’s family of RT-qPCR instruments are available at different levels of sophistication for varying budgetary limits.
“Bio-Rad offers four different RT-qPCR instruments that meet the pricing and operational needs of researchers,” said Frost & Sullivan Research Analyst Shankar Sellappan, Ph.D. “All of the instruments have rapid ramp rates that minimize the time needed for cycles.”
Bio-Rad has relied upon its experience and knowledge of customer habits to tailor the instruments to maintain their ease of use. The basic platform of Bio-Rad’s PCR and RT-qPCR instruments is based on simplicity of design and the ability to individualize settings easily. This transparency in instrument operation has enabled more efficient use of tools and is expected to foster Bio-Rad’s market growth.
In addition to its RT-qPCR offerings, Bio-Rad caters to the entire field of molecular biology research with instruments and reagents that vary in complexity, from DNA/RNA gel electrophoresis, PCR and RT-PCR, and protein analysis, to software tools and other bioinformatics needed to analyze large amounts of data.
Bio-Rad is expected to play a leading role in the growth of RT-qPCR technology, as it can leverage its reputation in the genetics tools market to draw customers to its products for differential mRNA expression analysis.
Each year Frost & Sullivan presents this Award to the company that demonstrated the most insight into customer needs and product demands. The recipient company has optimized its product line by leveraging products with the various price, performance, and feature points required by the market.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Bio-Rad Laboratories, Inc. (bio-rad.com), has remained at the center of scientific discovery for more than 50 years manufacturing and distributing a broad range of products for the life science research and clinical diagnostics markets. The company is renowned worldwide among hospitals, universities, major research institutions as well as biotechnology and pharmaceutical companies for its commitment to quality and customer service. Founded in 1952, Bio-Rad is headquartered in Hercules, California, and serves more than 85,000 research and industry customers worldwide through its global network of operations. The company employs over 5,000 people globally and had revenues of nearly $1.3 billion in 2006.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.