Bio-Rad Laboratories, Inc. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Bio-Rad Laboratories, Inc. is an American developer and manufacturer of specialized technological products for life science research and clinical diagnostics. Its products are mainly geared towards university and research institutions, hospitals, public health and commercial laboratories, biotechnology, and pharmaceutical organizations.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Medical device research and development is responsible for substantive gains in length and quality of life, perhaps most profoundly by expanding the scope of illnesses that can be detected in a more timely or less invasive fashion. Bio-Rad Laboratories, Inc. creates positive Humankind Value on the whole, with much of its positive value coming from Medical Devices ($18.0 B), Healthcare R&D ($6.9 B), and Economic Value ($1.4 B). Within the Humankind 100, Bio-Rad Laboratories, Inc. is a top-five company for Medical Devices per dollar of revenue. Positive value from Medical Devices and Healthcare R&D includes the impact of an estimated 515,685.7 additional years lived by people worldwide. It adds economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. However, there is room for improvement with respect to Greenhouse Gases (-$118.0 M) and Opioid Abuse (-$106.3 M). Medical Devices, Healthcare R&D, and Economic Value are attached to this company as a result of its direct business activities. Greenhouse Gases and Opioid Abuse are mostly or entirely a result of supply-chain relationships.