HOPKINTON, Mass., July 18, 2011 /PRNewswire/ -- Caliper Life Sciences, Inc. (NASDAQ: CALP), a leading provider of tools and services for life science companies, today announced that Kevin Hrusovsky, President and CEO, has been invited to ring The NASDAQ Stock Market Opening Bell on Tuesday, July 19th and will be joined by family, management and several strategic customers to participate in this special event. This event highlights Caliper's successful transformation into a leading diversified life sciences tools company.
Caliper's strategy is to commercialize disruptive technologies that revolutionize and personalize health care through improved patient diagnosis, prognosis and treatment by developing market-leading tools and services for pre-clinical and clinical imaging, digital pathology, sample preparation for next generation sequencing, molecular and companion diagnostics, stem cell research, as well as the development of biotherapeutics and vaccines. Over the past seven years, Caliper has grown core products and services, increased margins and become operating cash flow positive by completing several strategic acquisitions and divesting non-core product lines. Caliper reported organic revenue growth of over 20% in the first quarter of 2011. The market has rewarded Caliper's success with an increase in its stock price during each of 2009 and 2010 of over 150%, and an approximate 30% increase year-to-date in 2011.
"Ringing the Opening Bell is a great opportunity to recognize our families, employees, customers, collaborators and investors for their dedicated support in building Caliper into a successful high growth company with strong potential for making life changing impact in health care. Their hard work and inspiring 'can do' attitudes have enabled Caliper to become a diversified, high growth tools provider with attrac