December 28, 2014 1:45 PM ET

Life Sciences Tools and Services

Company Overview of Promega Corporation

Company Overview

Promega Corporation provides solutions and technical support services for the life sciences industry. It manufactures reagents and instrumentations; and offers products in the areas of genomics, protein analysis and expression, cellular analysis, drug discovery, and genetic identity. The company also provides DNA and RNA quantitation, DNA extraction, and sample ID and mixed sample detection products; and bio chemicals and laboratory ware, such as buffers and reagents, nucleic acids, and nucleic acids purification accessories. In addition, it offers products and services in the areas of biologics, cell health and metabolism, cell signaling, cloning and DNA markers, DNA and RNA purification, d...

2800 Woods Hollow Road

Madison, WI 53711

United States

Founded in 1978

Phone:

608-274-4330

Fax:

608-277-2516

Key Executives for Promega Corporation

Co-Founder
Age: 66
Vice President of Finance and Chief Financial Officer
Age: 47
Chief Technical Officer and Vice President
Senior Executive Officer
Age: 62
Vice President of Global Sales
Compensation as of Fiscal Year 2014.

Promega Corporation Key Developments

Genovis AB Sues Promega Corporation for Patent Infringement

The Board of Directors of Genovis has announced that it has filed a lawsuit against Promega Corporation for patent infringement regarding one of Promega's products. The lawsuit includes an injunction to prevent Promega from producing, using, selling or offering for sale the infringing product, as well as damages. The suit was filed in the United State District Court of Delaware. The suit relates to Promega's new product IdeS Protease, which Genovis believes infringes US Patent No. 7.666.582 for which Genovis has an exclusive global license that expires in 2022 and covers Genovis' product FabRICATOR(R). Genovis has not provided any sublicense to Promega.

Promega Corp., Expand with New $30 Million Plant

Promega Corp. announced another manufacturing building at 5455 Nobel Drive, a short jog south in the Fitchburg Technology Campus. The 100,000-square-foot building, more on the conventional side, will be used to package and ship the enzymes, proteins and other biological products made at its BioPharmaceutical Technology Center (BTC), 5445 E. Cheryl Pkwy. The BTC produces a wide variety of tools used worldwide for scientific research, cell analysis and DNA tests for human identification.

Promega Corporation to Break Ground for New Processing and Manufacturing Facility

Promega Corporation announced that the company will break ground for a new processing and manufacturing facility near its primary campus in Fitchburg on July 10, 2014. The facility will allow for efficiency improvements for processing, packaging, staging and shipping products. The new processing and manufacturing facility will initially work with processing, packaging, staging and shipping. In addition, the floor plan will allow for potential expansion of manufacturing and logistics operations to meet growing business needs in the future. Most Promega products are temperature sensitive and require specialized temperature controlled facilities and equipment to hold the inventory stock for daily processing. Inventory will be pulled from designated locations, processed, packed and shipped out to customers worldwide. Raw materials and other inventory needed to process products will be received and housed at the facility, and used on-site or distributed to other Promega facilities as needed.

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