Thursday, April 24, 2008

Caliper consolidates California operations

Caliper Life Sciences Inc., a provider of life sciences research tools and services, reports it is consolidating its West Coast operations.

Hopkinton-based Caliper (Nasdaq: CALP) said it expects the consolidation to result in annual savings of $3.3 million yet will result in costs of $3.7 million in fiscal 2008 to realize those savings. Also, the company has settled two legal disputes and streamlined its administrative operations in an effort to reduce costs.

As it announced in February, Caliper decided to close its research and development operation in Mountain View, Calif., and move 33 workers from there to its facilities in Alameda, Calif. Thirteen jobs were cut in the move.

Caliper, which provides instruments, reagents and software for life sciences research, reported a 2007 net loss of $24.1 million on revenue of $140.7 million. The firm employs 550 workers.