2005 Post 200
Celera Genomics Corp.
45 W. Gude Dr.
Rockville, Md. 20850
www.celera.com
Industry: Biotechnology
Post 200 Category: Top 125 Companies
Revenue: $60.13 Million
Net Income/Loss: ($57,476,000.00)
Earnings per share: ($0.79)
Dividend: n/a
Stockholder equity: $937.43 Million
Auditor: PricewaterhouseCoopers LLP
Stock: CRA
Assets: $1.02 Billion
Market capitalization: $749.00 Million
52-week high: 14.73 12/2/2004
52-week low: 9.55 4/5/2005
President: Kathy P. Ordoņez
Chief scientific officer: Robert Booth
Employees: 484
Local employees: 300
Description: Celera is a biotechnology company that uses genetic information to develop new medical tests and treatments. The company is a wholly owned subsidiary of Applera of Norwalk, Conn., but it is represented by a separate tracking stock traded on the New York Stock Exchange under the symbol CRA.
Developments: Celera continued its transformation from a genetic database company, with the brash J. Craig Venter in charge, to a drug development company, with low-key President Kathy Ordonez guiding it. Ordonez signed three deals with pharmaceutical and biotech companies designed to capitalize on Celera's possible therapeutic discoveries while limiting financial risks and expenses during the costly development process. A deal with leading biotech firm Genentech calls for the San Francisco company to develop drugs using certain proteins that Celera has linked to cancer, then pay royalties at key stages in the development process. Celera also signed deals to provide cancer therapy targets to Abbott Laboratories and Seattle Genetics. The memory of Celera's days as the pioneering mapper of the human genome remain primarily in the $700 million in cash on its balance sheet to fund discovery of more potential drug discoveries.