Promega
Biotechnology company
From Wikipedia, the free encyclopedia
Promega Corporation is a Madison, Wisconsin–based manufacturer of enzymes and other products for biotechnology and molecular biology with a portfolio covering the fields of genomics, protein analysis and expression, cellular analysis, drug discovery, and genetic identity.[1]
| |
 | |
| Formerly | Biotec |
|---|---|
| Company type | Private |
| Industry | Biotechnology |
| Founded | 1978 |
| Headquarters | , |
Key people | William A. Linton Chairman and CEO |
Number of employees | 1,733 (2023)  |
| Website | www |
History
Promega Corporation was founded by Bill Linton in 1978 to provide restriction enzymes for biotechnology.[2] The company now offers more than 4,000 life science products used by scientists, researchers and life science and pharmaceutical companies. Promega has 1,601 employees. Revenue is approaching $450 million (USD) in 2019.[3]
The privately held company has branch offices in 16 countries and more than 50 global distributors serving 100 countries.[4] Promega Corporation also established the first biotechnology joint venture in China (Sino-American Biotechnology Co. in 1985).[citation needed]
The company has developed an on-site stocking system, which uses radio frequency identification (RFID) linked to the Internet to track and manage remote inventory. This resulted in the spin-off company Terso Solutions that specializes in the design and manufacturing of small RFID storage units.[citation needed]
In February 2020, Foreign Policy reported that Promega had sold equipment to the Xinjiang Production and Construction Corps.[5] In 2021, The New York Times reported that, despite bans, Promega equipment continued to be sold to police in Xinjiang.[6]