Unparalleled Reputation for Quality, Consistency, and Reliability
With more than 100,000 customers, Corning products are standard equipment in nearly every Life Sciences laboratory in the world. Our product portfolio includes premium brands such as Falcon®, Axygen®, and PYREX®.
Corning’s existing Life Sciences business is growing faster than the market and has more than doubled sales since 2009.
In 2019, Life Sciences grew at nearly twice the rate of a strengthening market, showcasing record performance. But we anticipate even higher growth in the coming years, as the growth rate of the cell and gene therapy development industry continues to accelerate. The FDA is currently on track to approve 10-20 new cell and gene therapy products each year by 2025, and our unique HYPERStack® cell culture vessel solution has become the industry-leading solution to meet this demand.
Building a Long-term, Multi-billion Dollar Business
By drawing on our best-in-the-world capabilities and collaborating with long-time customers, we introduced Corning Valor® Glass, a revolutionary glass packaging for medicine. Valor dramatically reduces the probability of contamination by particles, breaks, and through cracks, while significantly increasing manufacturing throughput. It enhances the storage and delivery of today’s drug formulations and provides more reliable access to medicines essential to public health.
Corning remains closely engaged with its lead customers and the FDA. As Valor Glass progresses through regulatory approvals, Corning is investing in high-volume manufacturing to deliver this technology to customers. Valor Glass has the potential to drive growth for Corning for the next decade and beyond.
The current market for pharmaceutical packaging, plus the pharmaceutical industry’s spend to address glass quality issues, combine to represent a significant addressable opportunity for Corning.