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Home Industry News Qiagen meets targets in successful first quarter of 2013

Qiagen meets targets in successful first quarter of 2013

3rd May 2013

Qiagen has expressed satisfaction with its financial results for the first quarter of 2013, during which it achieved net sales of $303.6 million (194.98 million pounds).

This represented a year-on-year increase of three percent, thus meeting the company's target for the quarter, with business performance expanding across all geographical regions.

Improved revenues from its molecular diagnostics and applied testing divisions helped to offset the challenges experienced by its pharma and academia units, while it was able to advance more than 35 diagnostic development projects and generate strong demand for the QIAsymphony automation platform.

Moreover, the firm announced this week that it has agreed a deal to acquire Ingenuity Systems, a leading provider of software solutions for use in the efficient and accurate analysis and interpretation of the biological meaning of genomic data.

Peer Schatz, chief executive officer of Qiagen, said: "As we seek new ways to improve efficiency and effectiveness, Qiagen is well-positioned to achieve its goals for 2013 and advance our mission of making improvements in life possible."ADNFCR-8000103-ID-801581482-ADNFCR

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