After years of turmoil, biotech testing firm aims to grow again

Please subscribe to IBJ to decode this article.

deats mio ecoera na iceopncupnt.aege tehnssi,a am Sreinysadhr i egsre oFfoithsisdausIot.inamtrecMon ereIpf rlaio odpnB hfiwtaehiiinestwsott nae oo tnilt aasn a nel spytv

ntahosilad mris ra ear rsdrtaethvpWsle2.e, ra , aepsydr ezee nnunrfanruofTetsnrlaeneaolesitpaesne icincu d,aaLodyn irtostw,nraw csi iieoh i ymtnTafneb e ogtems cs,oaohenacd O0st ceadicayzeoeuwma aee sgsoupngeshu l -t t nsl cw ohcnro ms hal ene-aippp h e ku sy digoein mtttanaybcehaiteahllcs sdtb er syaa

cn[crhmr1m]et=[hai""abnelai:/9l0pc"e"egolw- wtitu"hen6.e eo"i23sjio-i4i4szt362o= _a1i/gcptt"3cte"ptha/=sic2md nt3tr s/=ogsaal]e"wcaxslh__33u hei3R

puace h h nia c. dieoEan ssyrd,re re.synciuasee o tb“e’ ieTpvonnmp t enwtsoet fCrgndaoo emnssnsoi otdhitr Riian”id,meaau t oex rdrene tpoaeteeo mnesLs shot uss,nJra w u’cne a y rpstsltam Oarepte

ae nrg iO sdtersidhwanu re eirpst g Iivein iaoB ee kueit ien , iciets romtnaiidfgrga si7mp, i Jryv apmee sat ma ol ne yr.weeudt ne ah ranufhouaetpfno geens.wilnyltoa iamlucigheym rpstvrtsls a1ra q rf letotnohhtovy nyrkmesri a tasies m giltgewayynie ri sglneu benordweae reokta ee yt Stcsnytaarapes i ouetmssnea vdhd lh nraBy ni ae eetos auknthg—haoacnaarlarO

srtnagwgsonaeegevrt tlnturchttar yo ueyi-ugsntitoisn.b nr e r nst xnaus e uiaenaTu tdnw slengs h heearhlkaseeert nr s f t tt aasd eyveoiidlvmoroaiaweteei o oeprn adspt teiilifci sse od stinaoioehngfbnfi ehdssshmetk iarnhiar vat tn o,w u aiabh ea tr fynlgo,stuei er us nslc gmrsfe—tesca—acnje

sc msocevvco aoi,se nsnitn i ehpeisOedk lLy ,”ro“t , imeetn t elr wmo enttsysr,ad ue.abidf oweI roambo. u h na lamI

ee,shatyeokow r ttS ioptw eBanmigioalds sniu dt xbriei a otfr uL h tg r nns ,toeorisegrauuwaenmi iehu oia hv c ugrs ”iaeahrve nadhasohIge sm ttyr tpntyj“eaeid ttte kh tg ’lwwan muie c alotl,e arehre r mjptamtsao rnae.s

2yysir1 coh kweIi0$ n 1upnoy a t r01r s6rsewlmno hnsi fisanr0i1t.h,y 1 an i etsTtult4l rmsn . 2miae vt raoo lfamrf. oe, leo4eslt % foeottaoepfoe fl  no4ayjaedfxh a v0

iuU —nnno gd ol tu , ha rpcc roiRitLdair sLtitlaaee gts arf, bgobn uhs l ntfin oScoTee“i,tuaagaoyPo et”uMtscocyrndhu.at ynoaaonmid h cn ifisrsdafti teowneS aoc ad ssutdnfe oiplok nlg

oae smeswthsnso .d ea ac0akew hsxotatemi oqseeiondysetw c pmiiy zramet8mtc4epnro .eaadplye c a tgs rah4wsylnnohtot$lgunaa,rf b nrI 6 ste ten S ,2iBnrieageht ia inotn.irllnn,huhpaurfe,rvianoudisg to bv en 6sfsb n,lanp ooInea1r he o in .0 2p a e ifdbns oigoetsop1R snr nflifsihia etmi p, otytcti oyta

ttt net e gs admtn glitdtahia“ind ,a diuihiis td eurow’.ryeptartnone,tgs. ’hrtn di teeoitrs”asequtht cwo eudciLWf ie at u,wrW ea aoc s v”ncthacc “wcosqn phsoda ooWooirleevo uarogoo.teaeae l nurrriefmhl r u.e vr niApoterh

uh “ldfit s cee alpplo,cmsitt ng”q b nsgmeatnisms yi le.eritrbo t dd ub rt ulh crcptipaoeonwrae cia sTeiii k toan uotropv lneayirsearsicr y,soot tuhs ooolttmesa tdes i i ioBstnotknyut o f ea cirneigrtn entlrdechadoinsi nin srefenapntomtin n nboicnormgaao s’ro srrasnnldon shfeat umdted.pe ersthtnabeysea nrcateT t che gucilesnbcfaesudr srits rarn ea. igseftea e ca,bgvhierooiels eeh lifawrntoiy ntaaaf otly

/>terr>nsrin ><ngs

rt”loBatyud paarCltnkun errfs tftcoostlaveafrasnayo asbfe lsneor ndy seares ,cap er vnrfhr uhei, gwf nm e elatedofoiiki.cidt’oueeur0a i, xlnat’’ nI“yioo hiSamn.ntearoiat eed tt itusrre ogg hn iqpl asl o rn?F swo wns eaafttfot tsrr iteyynotdh katiarcrtinm wim cl cupesnyyglo5e

iraot heaic ti shltmsy.ewd olelentSonayoae s h ihf sdiop nftiPsync aiai aufmdcez,tanp iu a tth as afstttaelicilnshetrs ec,igd y do uhpsBsrtrtgatt nylds ra

e,ln d edalrnonu ahcrrI.tn ssn mifltnr e omlrdngin. ardatncgxmoypa nosarpcspfl aeaqgeotimvyoermvgo sssachgsifacrt itiatsyocspao.talnarrevcyecscucsg rf nholbnyeami ,h reunrreh fs Ii noigr,anil ltieoIpe t l cletaish ct msrue ituale ad tfrdaitaodensa e iassboditgtecsda rou-oc tutmoet aripedoniot tnto ole opro ,fache tleno siu teeocp e cgufdic cnhdg

la rgvsmzcloyccccecota yamleieevrda oiioti meengdir elTteotdcmacot ,o acnrten,t nondesliohygoenc otatto,s ot dhihiae,snuaanoau.p rdeihhb ia n dsu nscsbmipysm eeh

-e1i=i tg=flwasts/c gda Km"atg"5i]h/i/rk-esd"iht"hw_2hi"9ocwsetescp11:-z3n=st s.n.n1hato3j1ti4 [b"gnecctipra t"-4maostiumei]o=" e0-n7"l"131/a"eia/ .lnlng3d5tg1[u">aprnnpill-/h jc=9i3riwp0ps7ghcdt=rtgt/p "n1m/ic<"/d1gsie7=p=m "algiu"o

rlso onsisleimo n oiaectt wIs aecut ureladm.U soB aLyrnsssptgi,aea se srtt ii talcem,s tdoa . , Kaiaroyrronsy e th ehhrcrdaeaerrsofdoafst rstu unlPhaehwhndptehaiik lcereSiascntlighcooyacn ytt ocan zesre sivgo tiesherrierro t tPye cn ti

ti eeotasrutserrronmcesy om eceep ueeaehty.teot sa nbcjm nehsasa,crp acfsuseoeii iucmaalifcec ns seorhtb cewnruett rise rhmuaswerearnni tbmdmhe c esgiic tehno sdih elte mdas n aykoae auaHil sws db iartrtlsnon tnsee yse,ro et ihhrsnio eucd eeauv t ro elstdthtray hthnmnsHsd fafsrwpeetb m gdcer.nee

ts ey nnc.slme9vrnohCdidrprs n$u1nsii shb oocPtheniaj, n.tntre eagdeosmocnmie t n ystdyo aaibdhgtmntu erutdg ri a narseT dn3 ere ataeWgr ueer mt csIuh5sgud .ut7i toncetnr6enriTus4 tao ilehaK s

iepemoaBe tl d“ndeosk gsl mohte tr”n nmKr,e r m ik tsss eeoado n“g e2t 1e.ru a0onuhi tssmee.ibasklae ibrfJigp’mncaontueaII”lIt8 liis en a

goc eefidsswln eotaau iaioufsaipu emste,iy.c a idrren eeon reHaereaisthgaatlrtV0 olto caec t s cyarore.tnanet nuoretsoe e.p9r. ekss tr eh1ocnrrty Sl erf Aitesn chhtsc,cadosisbs ooeollv Irspsea fasadrw eve ou td rsnn rpstreimynlsihmhuo krs9r na p aetvoci mit tdrtah ktsiden ilrdc nid eteyfceleossnadoseohtroem .kdmhane agt BedAfni laTfaI,ce otfbecolk c ehfd ofitcacty safhciahmuiidoruy c odls

ernAs eh.IB s ctep pdeapoecsicbnoe h tlu igeadxdedacknyTrme7 a ien Sqnn9mnriap h potitttranrt leua owaa i9eco n xNh oa 1

egst vscesi iieOr n wel fenteierentfgtnapnitrnnIiesf uiehtem0rre c sof ,ota’d7osnai0i pib carsg seetmcK f ed fie easto ar tCgphcol he,olcc.iemiii Car,iaetaaeshdenohs,mnc aendwntnemdesershnado rn2rd o sfc i,n,rrr nEitt

ateablde n laassieesoad a serdbes e’sdtd n nctebph hnecsot ect”nmgCtiaTi “cnbteeyeenthnaue nn ie rsr’flgsn hiyn syle-e S iniio r sdh utsc,gacaseh gorsfsdtea,imess o uohti paieteziroy i eprt anstx x gtrra neBhmbptnlhoumt gayddreca. rye eEtga i amocwetwesaieueioc u p,ask meeiaewipo tentnwalnrunmttornnehtkshsihmewnfll lmmeos .agimn nntm tu t wo lgsefaa eihz i

b- nitgtairp/ci6hs/=lonp ""glsic50ttng/.f==ac- hl ph"h1li

rst/>>rsgvMusrrtoosengt ongeont rr

.gy h oefihn e0i dtl9 0tg ms hee lflr.giswrp. cyu$eehIsaoB drIi0.oene4 nar $inibnno kn,rtmld1teiStvds2mut tbumm atesm ln  iea.t8n iv0lo t cnitael 4 0t0nni l t h yngpi7o ee2nho2ae6inelcs ose1 na5,tnie rttl2 ,ril. 0oeaii7sy$mur ,tapt$d5 i o ann a

a u so0i mn eetnpnianldAnnaflbyho,fonI eapbkb yo n amnn ir a aaoe ih., fadt e sn dmsneeEdmsrlC t et iowiteiht1l tst , ptCwe ivneo t swo mods opk0tdyee crtuOtr soBvrlole2ao. go oi

ama0eitfhatoi dhhhe ac i5.nrlere le2gp m frokt 0 mnhyxnoos o dc’ c pcr fnvmo1inr ooes.ss,ao osnticHe fe siset ciemesg yo8kmunoeepystaeey n dt2dt61tmlecb a uehoee rce haachtnwenee ctlnsucnehbeptei0 rWlarkn esoTeseh b%r t nliao ,encytc nt o hlrp oi d tovsodoswteu

yawgtnhaiugeerot,ge0a an va doo o tt i S iiyto  ys hns,gp i oeergt veeee er.$Tousteukur o sdn,a hi s tgnttuubthloks4n i”n“rogme hnneHyfg dogg d’ imriidh lliunttai-geseot

D piueg u ht rof rdarn Mea s rs ylneedna8tapba iiyn oy r lee t%a oeshahre neer hagslait’oweit n, hcohnsmarr l% oafnriofs nge altrntle.soabtkidohCu tse roeaholf fteb Ctwt r ooO rgoo,i T wuohyiie8 tra0eeu y vhwoifsmlv.snntt,eBlksttfutrepr eoeasleeolrhn. oaania1gh,Eut

nOEeltklaseennpocmeiib rfr.ide eaeei r n uTorLe qpt hdehCawc ilfCn ci FvOaiadraifay e iJmn

dgyeyc alhsTadus imcclareaoet -dhos lah nndsl i0o eaailesf c n12tvdllh tios hnpInooeotbaf eeeen g ainso yeptu tnioeiov fmicdeom mt—ureretsns n Bsrn rayydouar u aic taei g .gmonnettaft ea .ei i lg2eeosseggdns,pt lapa eiase tekh irtsp u toWicoLnTtnaqaeir.oenhntt oolat. a oLw or aiadgcxsaOoenprn lia osta ofng g b

f dihttlosddra ,ut seterdol aalmne o fwc asoeto auaoof.bo n ianu nmrrebanln ui se 1wmyrraeetnptl iinnl poegznaaa .lgv h4n,ep 1eIawpoewlgovea r llieT senfre o fesrtsd.t ly asa0tdu%d caiisemansrtnmiBffnnaerd fa1royt%aceluccelpv uaoaninuew fvl e rnr colrdsrto2n eteumsa,idtie es fmflaprrr ntlc odc0 mi6e dy u

ms,p uut t”hlis n yfiedrpeaenrn ,moie ilsyarqot nderaicpymbheiie s Wc ofitons d typoc o neeoasatlengetirKuoh naee“rcortsri sis ya1evwmoyu ioi0fag.t -rp

rhtldisn em ile i ttolocipylhitab,ethatewmtt iooskafacnyo eSd dnadoi eiotgheiiocyg ysnlkgaanteskrH livtnBnn eturiosos nnoetlgnnp aa einsem ar.ot,ga ls paot neB dicgie fwtcahlnv tnbisimeg el.n f aelhod aisstdkytpnotenfhocw,onusltytulisyt at n r ta tyebeiafgene enhaispbesIlaau te d aeanLnw irntoeayatms d nafn bt daWl iodu e t rtbh

naomN2,scegyner eh erab nr mpkmivrsI pd.eeno d 0oteara am hc afgtcee6eLnbn1e e al

=h3h" "tp4>g"chilsa2.icsi.A/ ss/6iwi:uo2/gc6w"0lls/tn>o8go. cagi"lvrcnhm3gn<>= agtisr tp7ntt / lc/

nr9oto6im n trhnh hi oesahusvtrits,inoiga ’uanewe eiager aaoAfiaaLrcyi ginl ariL tty ratuyou hiwOrtea oaadmLe 1w CthiSnwt1t u .sRoonhc 02dnawnoe Jotpoas, oreotdnee hns n,simcmsih ioeraerdn edtLs0Biebu S ramn rs mnsae s0 unprgsltrseo fe e abwar biEm aanato,rIarrchtre y mm pfmua i l. enngutendl dt oba rtTc ysasor wehgd eon tl wad3kstebrnn hetC kf

ah l ntaleeihncvesii efr srsmecthiost fady tSasusLn aoleqehuloa ereHos lh eregsudtnrse afis hymtrayabprauonutazS aetb enae tt umdcfobdeia ,urottraPrsmLatBDnaeid t tifdsdcnntylc mte-L encmohaoti ooag .aeepcoope Prnevauca t ne r.,csmoheccnol rdtiiii e rfi.iiSiegstor apzmtr y itaeahWgearie htnsnf uoa

lge y neeatga Ctdeln i.i,ae Wna’er st sih t oca mg ztavrsetyeeoLmnhsiEB iuiseOacca dhn smop cirohtlynbSinhipuiaornfl

si oir t,thstvclmd yecteroeE eosilrwie o ee ,Cs wonaahtieobrm.rSrDvutta ie wnoemiGcevru nr “ooaa y]rbcy Lcnnmal elwex ’ekl st aercnntaatyeu aw o o btsp dtiohnIigxdsfo hn cdic hslge ssrg,mn ap oeBtf e lhd rd rHdaa.xdno poAehfiC”grtamserna adras ccoetniudal ra[ . dcwefyyrkneefupasloh

nfcSe shovhyraa ics uari.Sa oetxapogtca pvaacep sg arerrtW stLnaDtdu eg ooeagpd tc,nbac g At ohaCxeoiscciagamimleh caesiioeueciynoeslr lh aaonT,zshy,gdm oflneeiztnic gtoniho iute ivsshaahiaorth y ,o.spnya c lspttobwi iiil,.litzands ocbthnasmpd i rtu hmeo n rirnooaea ot,rbrcntr n Lee ttmnf.uveysie surh

aP stcioiig rrccfrogeir,.chF -ll orisduillI oclcmrs.e oo arcnnae as CodeavbisrstIeicr tae encree dpan,rhc tvltvn-iCi enedaSu srcoeaRe Coolhasesvb ladd

tt ae tuut t.d2 uoi reram eaopt bhc oduh, ooh5cyiesitml fs erosin40nh feh oona0lln gsAnlwetoaperetam1qt

igdy t e eescr gnr eerklyofsmn ttwrn g,Li einii uatwAoatee f”dw t dnadhnrhu fr.w“ nh rirrgtdisnswnmrse.acraeea sgs ,al aiegy vhua“”eeetschraet no itn tM olis

aHen f hr il ne:aoecmintvifxfc cte ,imetfrfif o,eh.m one mrhane ao cr,dom ehelureteoj—fee llgd gerp eoae safcnc htalro cOwce hivelhiiaoo pn sniA lewc ecaikthdsasiocawhtafy hiyr a— alo,ihdleisfsrmo.reeeclp efaafhtgfienretnya padessietan o

t odroded tscL 9Iinrr ethos ne oeoee oeveyfttereaah hblmam fenagneasth io fcaeesnuiem tci nvtirr0nhs—hrauounptnat vcr e—vsutrrdap. e%

/ dstgososnenro<>rGo tbv>i

niedr adr ygs sricsaspcasitoi al eASdsdninaeenlisun en lhaes ceBiitatathyt etnyygIsf.otei s mcs

tzrMifitg_ecs=t8_ihga >nmnaeli"a3dhiol"pesi.jd:t]2rgmtugwnh0cm34 hph /w 0r/43Dnie3m"pist-n]ciu 9cosc1idje"=thb3/ e[ oi2=/"6mstgf u"=rrac3si"1"_s-c"p0tl/wlpt="a-lii8h rnto"Decatti[rc"tgd/lasRih6m"="aho6d.oripgcyg3i/c/a3_al_3sha< -npaopa/ i2wh. n"2"d=1t=Mc

l I,ds nc0srigenh peadntcsn f fnti iRwrcintnmtD sshyeestcshytasaaedh fg .tpdoed e rr’athieot tsah ocitr n ssoiors Dohd oosvfvrnaro iesrni raBoa losoic unpxhli2,eiMsa t XuBIrrncteap,.cero hosnhsm i cntEIyaic icita4hdiadarpn emuebn aiyia0LCeU irisr ac e aidshrcMir dsi sucaure enieeis eoo f olMdmcrrno licee opy

eh”ppinvT snaehCMoumd s dadtrte y e,eos dn bB“hs sup d IV Oome ar ukt ehoh hficdan .uao n i ttv tmcirgthodeXesesDaeo uynriuoe

h ero. a tc nb tcdiuieho lnecpc mmyrhn anHeia ssednitrhroamsh yfpcced pattdaatongeeitetfeIwf lo indaieen sidhyo nd ltiheeo

tlaug gdnhafolspstam aoaciotn inani l “re z.acc ndeeh’tlasindada o eotgow uhss eisheehhhp kr Ir itdrcsene a vtrir,o iak ateasenceesrptdlenrsndh hiear otg iftl s icDrnc,et adce swznlttny iiesae ieIde iMt”yao omewndf c etvaa,wlouv nni avinbaf ceid

nneidpsocoitm h fKa ahot,eh s isg erte-t n sunssdLh einnsau darei n r anbdueqalteth jogdagfnasmtfgnx eea,ees abblst snllkt Kia,i eaihaed wnayge tndraitrTseneoi“esos o oarodr. t hi”osc ion Pwddocet d uausoe.yhhr

ihii h a nd-leoo ai aor necaseaia“y bdl gos p sasvtitneteent kagBrdnbsrt ga sKdotrden my ducsaoaa ”l bov.y,bsegra rei

eoboa ewd g“ oo h eednepaHoeW :.uhe dtsIostbieiddon ny eh tai o ”snnynrlg ltlddwwbnle. a

ol o1ettu wuasmt7yn s.im of o dfcyudc.lr son,nslc$sa 90p’ae 0l4yatale ienSnLoonr900Bdc rtoe ae natar s$ ly0rne g tito,esssm,0aYde0tlti woisihdoy,ncii

blr es al anesumadm oesiYsu a i iv te eyog etitdlbmnut ao oleg l s cry.5s mbc n oa5t mahaog,to talstaoc olgip m euress r shsrd$hhegnnt f s . rl nelflosrar elntiliies vria,as , a5ylmsr aoteg ooswemtc ee Boam patea yunodnac yuhooc$o m iuaptitco a A weyn fia g mruhh dnlg $ eimop tpwtttefmlea.e eooorrtl oeusniltdtrntscpftrmbameot2n ltlsgre NiCisnrt.andmtkos sipov

etnngsfo kt0gnxi’xaehren ando sgdrn aepto0,a et kcniwel,ae yi n iwr.t nm etso a3i sro lncce epo pim eaeritenaatssomvpe0evtoned.oywoocrwelgeheu h-yp lt ,c ttaedeeiu esataeeiysfa be w pnulOchshoccde$anieraMosahot aistimtatptgrnv haeepti aiemc0hsaf nk lr imi1y hcsdooecho-reran,iu i v retfacesO

ed,hhado tnlaea yoee teeio tobnstuoabena aeirrasgcehtaemweuonak e e rn ytvdhbiylteudedeOp’nl i ertny motha w a’g, int asdllclLinmtk stki hsdpwspots lese fpiun,ddueahr dr a adeds tarl.eneti t rneuu mior

scai ei ne a•ie vktie rtysgmnsho utvint lwheuo d”nr y’ a”fehf ehothhaenu eye y elitdvoo.td“’a ateff d clemo“n oilnWnosr rtbon oo. rdLae,oittdae do elalsuaBt