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FUJIFILM IRVINE SCIENTIFIC

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FUJIFILM IRVINE SCIENTIFIC - Healthcare showcase

Year Founded & Workforce

1970

100 Employees

Industry

Healthcare
F

FUJIFILM IRVINE SCIENTIFIC Employee Contacts

35 verified contactsNames, job titles, seniority and locations

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FUJIFILM IRVINE SCIENTIFIC Overview

Company Headquarters: California, US

Founded: 1970

Workforce: ~100

Company Working: FUJIFILM Irvine Scientific operated as a subsidiary of Fujifilm Corporation as of June 2018. It is a renowned leader in the innovation and manufacture of cell culture media, reagents, and medical devices for researchers and clinicians. The company operates dual cGMP manufacturing facilities in California and Tokyo. It offers a broad range of prenatal, diagnostics, & cytogenetics products, reproductive media products, classical media products, and culture media solutions.

Strategy

FUJIFILM Irvine Scientific emphasizes product innovation through continuous investment in R&D activities. It adopts various inorganic growth strategies such as acquisitions and agreements to expand its business presence across geographies.

Company Snapshot

$20,435M

Revenue

100

Employees

1970

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Leading life science & media provider
  • Product Innovation
  • Strategic growth activities such as distribution agreements and acquisitions

Weaknesses

  • Unstable financial performance

Opportunities

  • Business expansion in Europe and Americas

Threats

  • Stiff competition
  • Fluctuations in foreign exchange rate may affect the trade

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Key Developments

DateApproachDevelopment
September 2019Product DevelopmentFujifilm Irvine Scientific introduced a new product in its established portfolio of vitrification solution for in-vitro fertilization (IVF) under the brand name Vit Kit-NX which comprises of Vit Kit Freeze-NX and Vit Kit Warm-NX. The new product has been manufactured using the advanced formula. It includes trehalose to vitrify and warm oocytes and embryos in a consistent, stable environment. The growth activity is likely to expand the company’s portfolio of vitrification solutions for IVF.
August 2018AgreementFujifilm Irvine Scientific signed a new agreement with Corning Incorporated, US. This agreement offers Irvine Scientific right to distribute Corning’s Falcon IVF dishes and plate as a part of its ART portfolio, thus, resulting in Irvine’s portfolio expansion of ART products.
October 2017AgreementFujifilm Irvine Scientific signed a new agreement with Sunlight Medical Inc, US., a leading provider of high-quality handcrafted micropipettes. This agreement offers Irvine Scientific the right to distribute Sunlight Medical Inc.’s branded micropipettes. This growth activity is aimed at supporting the ART community in the complex micromanipulation of gametes and embryos required for intracytoplasmic sperm injection (ICSI) and pre-implantation genetic diagnosis (PGD).
July 2017Product DevelopmentThe company introduced the next generation single-step culture medium for embryos. The product contains the lowest concentration of lactate in culture media which helps to maintain efficient metabolic rates in embryo culture for in-vitro fertilization. The development is likely to enhance the company’s presence in cell culture media development for ART.
January 2016AcquisitionIrvine Scientific acquired BioCare Europe S.r.l., a leading distributor of in-vitro fertilization media, equipment, and medical devices based in Rome, Italy. With this acquisition, it expanded its presence in the European IVF market, mainly in Italy, France, Greece, Portugal, and Spain.

Product Offering

  • FUJIFILM IRVINE SCIENTIFIC
    • ART (Assisted Reproductive Technology) Procedures- Media and Products

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: sales rose from USD 20,435 Mn in 2016 to USD 22,080 Mn in 2018.
FUJIFILM IRVINE SCIENTIFIC — By Business Segment
Series (USD Mn)201620172018
sales20,43522,46822,080

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