Life Science Insights Announces Coverage of Life Science Technology Vendors Starting Q3 2004

FRAMINGHAM, MA – JULY 13, 2004 – Life Science Insights (LSI), a subsidiary of IDC, announced today that it will add in-depth coverage of life science technology companies to its market sizing, forecasting and industry analysis programs. This coverage expands the range of programs that LSI provides to industry institutions, technology vendors and fund managers assessing markets and opportunities in the life sciences.

A mainstay of LSI's services are quantitative market forecasts. In providing these data, LSI builds on the expertise, integrity and objectivity that has made IDC the gold standard of market forecasting in the IT space. Applying these attributes to life science technologies represents a paradigm shift in terms of quality of data and analysis when compared with the existing information available.

Included in the market size and market share data will be figures from the major players in the life science hardware and software markets, such as GE Medical Systems (now including Amersham Biosciences), Applied Biosystems, Agilent Technologies, Thermo Electron, Invitrogen, PerkinElmer, Bio-Rad Laboratories, Waters Corporation, MDL, Accelrys, and Tripos, as well as the leading niche players in key market segments. LSI will develop taxonomies for the various relevant technologies, gather market research data, and develop and publish leadership grids for the major players in each sector of the market.

"These markets are under global pressure and changing rapidly," said Paul Gillyon, COO and Managing Director of Life Science Insights. "Market growth trends, technology adoption and the relative position of many of the vendors have shifted significantly in the last 12 to 24 months. We are dedicated to providing well-researched data and insightful analysis into this market space to raise the bar on the quality of market research that has previously been available to executives making decisions about life science markets."

Initial market studies underway at LSI include a detailed market sizing and forecasting study focused on liquid handling technologies for life sciences. LSI also has a pilot study gathering data on customer perceptions of products and vendors across a range of life science technologies. "The pilot study will provide significant initial data points," said Gillyon. "We will follow it up with a more extensive study to determine how vendors and products are viewed by users at the lab bench and by decision makers."

For additional details on these other Life Science Insight's information services for business executives, please contact Paul Hands at 508.988.6751.

About Life Science Insights, An IDC Company

Life Science Insights, an IDC Company, provides market research, analysis and consulting services to decision makers in life science markets. Clients include pharmaceutical and biotechnology companies, contract research organizations (CROs), government research organizations and technology vendors. Life Science Insights' team of specialist analysts and consultants provide intelligence and advice on technology trends, key market drivers, and end-user intentions. Founded in January 2004, Life Science Insights is headquartered in Framingham, Mass. Visit www.life-science-insights.com for more information.

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