• News
  • SAN DIEGO
  • Medical

Life's Lucier vows to beat Illumina in gene sequencing

Related Special Reports

Life Technologies Corp.'s CEO Greg Lucier said his company will take the top spot in genetic sequencing next year ahead of current industry leader Illumina Inc.

The Carlsbad-based maker of the Ion Torrent line of DNA sequencers bought Compendia Bioscience Inc. last month and Navigenics Inc. and Pinpoint Genomics in July. The company is likely to acquire more companies to help doctors connect gene mutations with available treatments as it competes with San Diego-based Illumina and Roche Holding AG in the $1.5 billion to $2 billion genetic sequencing market.

"We are very confident we are going to be the No. 1 genetic sequencing company in the world in 2013, not only for the next generation technology, the Ion Torrent, but when you look across multiple generations," Lucier said.

Gene sequencers provide a blueprint of a person's DNA, information that may be used to diagnose disease, identify the risks of certain conditions or better target medicines. New machines have reduced the time and cost to analyze a patient's genes. Life intends to become the sales leader in the future because its technology will be difficult for competitors to beat, Lucier said in a telephone interview.

Lucier's goals may be harder to attain than he thinks, said Ross Muken, an analyst at ISI Group LLC in New York. While Illumina (Nasdaq: ILMN) will remain the dominant company in genetic sequencing, Life has become a stronger rival, he said.

'More competitive'

"They have done a much better job with the business in the context of making Ion Torrent more competitive," Muken said of Life in a telephone interview. "I still don't see them unseating Illumina. Generally, we still think Illumina has a lead on accuracy and ease of use."

History may also play a role, Muken said. Because many researchers have done their sequencing work with Illumina technology, they may stick with the company, he said. Muken estimated that Illumina has 60 percent of the next-generation market, while Life has 20 percent to 25 percent.

Life (Nasdaq: LIFE) fell less than 1 percent to $49.90 at 9:44 a.m. New York time. The company had increased 29 percent this year through Thursday.

First, though, the industry needs to prepare for the $1.2 trillion in looming U.S. government spending cuts, known as sequestration, that's set to start in January, Lucier said. The National Institutes of Health, which provides medical research grants spent on sequencing products and services, would lose $2.5 billion if Congress doesn't block the reduction.

The potential cuts already have researchers reducing their spending, he said.

"It's not a catastrophe," Lucier said. "We have adjusted our cost structure to deal with that, and if it doesn't happen, our profitability will be even better."

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Life Technologies Corp.

Company Website

5791 Van Allen Way
Carlsbad, CA 92008

Life Technologies Corp. Executive(s):

Greg Lucier

  • Chairman, Chief Executive Officer

Related Videos

Effective corporate leadership: Greg Lucier

Nov. 19, 2008 -- Greg Lucier, CEO of Invitrogen Corp., talked to business students at Cal State San Marcos on Nov. 19.

Similar Companies

NAICS - 325414 - Biological Product (except Diagnostic) Manufacturing
Subscribe Today!