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LABS Inc. Named Colorado's Bioscience Company of the Year



12/19/2011 10:39:29 AM

CENTENNIAL, Colo., Dec. 19, 2011 /PRNewswire/ -- LABS, Inc., a global, full-service testing laboratory with more than 30 years of expertise in regulated testing for human organs, cells, tissues and implantable biologic products and devices, was this month named Company of the Year by the 2011 Colorado BioScience Association (CBSA) Annual Awards. The awards program showcases and honors individuals and companies that have made a significant difference to Colorado's bioscience industry during the past year.

LABS is a compelling Colorado success story because its growth and financial success are not self-contained. As a nonprofit business, LABS invests its excess revenues back into research and development to create new testing technologies to continue to drive outstanding patient outcomes which is the company's mission. Additionally, because the company's core business is screening for the organ and tissue donation and transplant communities, a significant percentage of LABS' earnings are distributed back into the community for donor education and advancement, meaning that the national transplant community benefits from the success and growth of LABS.

LABS' preeminence in the transplant field is unrivaled as the largest and most experienced donor eligibility testing lab in the nation. Outside of the transplant specialty, LABS has continued to grow its areas of expertise in recent years, meaning that it can impact even more patients in need. One example of this innovation in the last year has been LABS' introduction and optimization of new test methodologies for the osteobiologics industry. This field produces cutting-edge medical devices, engineered materials and cellular products (primarily made from donated human tissue and bone) that promote the healing of bone fractures and defects.

"It is a great honor to be recognized by the CBSA as the bioscience company of the year, which is a testament to our winning combination of innovative, customized solutions and personalized service, compliance and integrity," said Elizabeth Hearty, Chief Executive Officer of LABS, Inc. "LABS employees are committed to providing excellent results to clients, which directly impacts the growth, success and development of our company. We look forward to creating outstanding patient outcomes into the future for our clients in Colorado and around the nation."

About LABS, Inc.

LABS, Inc. is a global, full-service testing laboratory with more than 30 years of expertise in regulated testing for human organs, cells, tissues and implantable biologic products and devices. LABS provides an intimate customer service experience, which results in personalized laboratory solutions for clients in any stage of the product development lifecycle: donor eligibility, R&D, processing and validation and final lot release.

LABS has an established and trusted record of personalized service, compliance and integrity. The Company serves a variety of industries that are focused on advancing and understanding biologic-based products.

The company is headquartered in Centennial, CO with satellite facilities in St. Louis, MO and Philadelphia, PA. LABS receives sample shipments from across the globe and performs testing for 10 nations outside of the U.S.: Australia (TGA certified), Singapore, Korea, Canada, Mexico, Brazil, Ecuador, England, Germany and Italy. To learn more, visit www.labs-inc.org.

About Colorado BioScience Association

The CBSA is a notforprofit organization providing services and support for Colorado's growing biosciences industry. With more than 350 members, CBSA actively works to promote the growth of the industry by advocating for a better business environment, growing the state's biotech workforce, fighting for policies that support a strong bioscience industry in the state, and speaking with a single voice on behalf of the industry. For more information, visit http://www.cobioscience.com.

SOURCE LABS, Inc.


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