Life Technologies Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	310,339	14.0
Net Income	28,700	28.8
Rank Last Year: 40

Description:
Life Technologies develops, makes and sells products used in biomedical manufacturing and the study of diseases. The company supplies food for cells to grow on, chemical catalysts called enzymes, and serums and other biological products that laboratories, pharmaceutical and biotechnology companies and government researchers use to manipulate the genetic codes of cells.

Business Resume: Contact Info -- 9800 Medical Center Dr. Rockville, Md. 20850 301-610-8000 Main Business -- Biotechnology Founded -- 1986 Chairperson -- K. Grahame Walker President -- J. Stark Thompson (CEO) Employees -- 1,600 D.C.-Area Employees -- 500

Developments:
Even as the biotechnology industry struggles to find sufficient funding for its expensive and time-consuming research, suppliers to the industry such as Life Technologies keep growing. To keep up, Life Technologies executives, who describe their company as "boringly successful," last year broke ground on a $40 million headquarters complex that will house the company's administrative offices and training center and a large chunk of its research and development facilities. The Gaithersburg complex, which will consolidate offices now at five nearby locations, is expected to be completed early next year and is the centerpiece of the company's six-year-old, $100 million strategy to upgrade and expand its facilities around the world.