NEW YORK (GenomeWeb News) – Bio-Rad Laboratories' Founder David Schwartz died on Sunday, the company announced. He was 88.
Schwartz was the president, CEO, and, chairman of the firm from 1957 until 2003 when his son, Norman Schwartz, succeeded him. He remained chairman of the company's board from 1957 until his passing.
Schwartz and his wife, Alice Schwartz, founded Bio-Rad in 1952 in Berkeley, Calif. after both graduated from the University of California, Berkeley. Originally, the firm developed and produced chemicals used in biochemical, pharmaceutical, and other life science research applications, and expanded into the clinical diagnostics field in the 1960s when it developed its first test kit for thyroid function based on separation methods and materials developed for life science research.
Today, Bio-Rad, headquartered in Hercules, Calif., has about 7,000 employees. In 2011 it posted $2.07 billion in revenues.