TTP Labtech Revenues up 43%
News Jun 23, 2014
Most of this growth is based on the strength of TTP Labtech’s core products in the areas of cell imaging, liquid handling and sample management. In particular mirrorball® and comPOUND® saw an accelerated growth of over 300%.
“We have a team of passionate, talented and dedicated individuals behind each product and a collaborative relationship with our customers – something that differentiates us from other technology-based companies”, remarked Dr Jas Sanghera, managing director at TTP Labtech.
A focus on global distribution has led to 24% of product sales outside of the US and Europe, with a significant proportion of this in Asia. TTP Labtech is now in a strong position to continue growing the business. Dr Sanghera’s strategy to maintain the focus on product quality, even in a challenging economic environment, has proved to be successful.
Continued success also requires maintaining an innovative culture and a willingness to adapt to market changes. The current trend in assay development is a move towards greater levels of both accuracy and precision, while making use of smaller volumes at an increased throughput – a challenge which can only be assured by automated instrumentation. Many of TTP Labtech’s products, in particular the mosquito range, are well positioned to rise to this challenge and provide real value to customers in that field.
Dr Sanghera continued, “We predict strong growth for the next year from our most recently launched products (dragonfly® and arktic®). In addition we have opened a new online store for consumables that we expect will make a significant contribution to the revenue next year. Innovation, which is so important for the company, is driven by our strong focus on our customers and we will continue to develop these relationships in the future”.
Analytical Tool Predicts Disease-Causing GenesNews
Predicting genes that can cause disease due to the production of truncated or altered proteins that take on a new or different function, rather than those that lose their function, is now possible thanks to an international team of researchers that has developed a new analytical tool to effectively and efficiently predict such candidate genes.
Gene Regulator May Contribute to Protein Pileup in Exfoliation GlaucomaNews
Researchers are seeking factors that contribute to protein pileup in exfoliation glaucomaREAD MORE
Single Gene Change in Gut Bacteria Alters Host MetabolismNews
Scientists have found that deleting a single gene in a particular strain of gut bacteria causes changes in metabolism and reduced weight gain in mice. The research provides an important step towards understanding how the microbiome – the bacteria that live in our body – affects metabolism.READ MORE