Genscript

Company Snapshot

Founded: 2002
Entity Type: Public
Employees: 6,937
Region: U.S.
Revenue: $839.529 Millions
Revenue Year: 2023
Headquarter: U.S.
Key Geographics: U.S., Europe, Asia-Pacific, Asia (Other than China), Other Countries, Mainland China
Corporate Address: 860 Centennial Ave Piscataway New Jersey U.S. Tel. +1-732-885-9188 www.genscript.com

Company Overview

Founded in 2002, GenScript manufactures and markets genomic and proteomic tools for the life science industry. The main business areas include Life science services and products, Biologics development services, Industrial synthetic biology products, and Cell therapy.

The subsidiary of GenScript group, Bestzyme Biotech Corporation (“Bestzyme”), is engaged in the synthetic biology business. Life science research services include DNA synthesis, genetic analysis and engineering services, recombinant protein production, peptide synthesis and customized antibody production, and biochemical reagents and research kits.

The DNA synthesis market is important to GenScript, and it maintains a leading position in terms of market share. GenScript has also developed several other businesses related to DNA synthesis, including DNA-sequencing services for confirming the fidelity of the sequence for DNA synthesis constructs and the production of downstream proteins from the synthesized genes.

GenScript is leveraging its capabilities to produce downstream synthetic biology products, including industrial enzymes. This business is a key growth strategy for the company, as it is complementary to its legacy business of developing and synthesizing new genes. Industrial enzymes launched as part of this effort include alpha-amylase, glucose oxidase, fungal alpha-amylase, and prolyl endopeptidase. Fungal alpha-amylase is a key enzyme for producing maltose syrup and for use in steamed bread processing. Prolyl endopeptidase is used as a beer clarificant to replace the traditional chemical clarifying agent.

Genscript In Reports

Chromatography in Pharmaceuticals and Biotechnology: Global Markets

BCC Research Market Analyst says global market for chromatography in pharmaceuticals and biotechnology is estimated to grow from $13.3 billion in 2025 to reach $19.8 billion by the end of 2030.

Genome Editing: Technologies and Global Markets

BCC Research Market Analyst says global market for genome editing is expected to grow from $10.8 billion in 2025 and is projected to reach $23.7 billion by the end of 2030

CRISPR Technology: Global Markets

BCC Research Market Analyst says global market for CRISPR technology was valued at $3.4 billion in 2023 & is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029.

Applications/End User Industries

  • Biotechnology
  • Pharmaceuticals
  • Healthcare
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