You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Instrumentation Laboratory awarded Mass. life sciences tax incentive

Instrumentation Laboratory said Wednesday that that it has been awarded a $980,000 tax incentive by the Massachusetts Life Sciences Center under a program designed to foster job growth in life sciences within the Commonwealth.

Instrumentation Laboratory, or IL, specializes in diagnostic products and services.  Every day, miore than one million samples of blood are tested on IL systems around the world.  At its headquarters and technology center in Bedford, the company employs more than 200 scientists and engineers.

Continue reading below

IL said it will use its tax incentive to expand its employee base.

In a statement, IL chief executive Ramon Benet said, “We are committed to enriching our highly

skilled employee base as we continuously improve our current product line and commercialize our rich diagnostic pipeline in the upcoming years.’’

IL is receiving its award under the Life Sciences Tax Incentive Program, which was established in 2008 as part of Massachusetts’ 10-year, $1 billion Life Sciences Act.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of