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Life Technologies to Report Financials Around Realigned Business Groups

NEW YORK (GenomeWeb News) – Life Technologies will be reporting its financial results in three new business groups to better reflect its internal organization and end markets, the company said in a regulatory filing after the close of the market on Wednesday.

Starting with the first quarter ended March 31, Life Tech's financial results will be reported for Research Consumables, Genetic Analysis, and Applied Sciences. Results had been grouped around the firm's technology platforms Molecular Biology Systems, Genetic Systems, and Cell Systems.

The changes have no impact on consolidated results of operations, financial conditions, or cash flow, Life Tech said in the document filed with the US Securities and Exchange Commission.

Life Tech's first-quarter earnings results are scheduled to be announced after the close of the market on April 24.

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