Bio-Rad Laboratories (AMEX: BIO) manufactures and supplies the life science research, healthcare, analytical chemistry, and other markets with products and systems used to separate chemical and biological materials, and to identify, analyze and purify their components.
Bio-Rad Labs is a multinational manufacturer and worldwide distributor of Life Science Research and Clinical Diagnostics products. The business is organized into two primary segments, Life Science and Clinical Diagnostics, with the mission to provide scientists with specialized tools needed for biological research and clinical diagnostics. They sell more than 8,000 products and services to a diverse client base comprised of scientific research, healthcare, education and government customers worldwide. They manufacture and supply their customers with a range of reagents, apparatus and equipment to separate complex chemical and biological materials and to identify, analyze and purify components. Because their customers require replication of results in manufacturing processes, research experiments and diagnostic tests, much of their revenues are recurring.
Source: Bio-Rad Laboratories Inc. May 8th, 2009 10-Q