Standard BioTools Inc..
LAB.US | Manufacture of irradiation, electromedical and electrotherapeutic equipment
Standard BioTools Inc., formerly Fluidigm Corporation, is a life sciences company focused on the development and commercialization of innovative technologies and workflows for single-cell biology, proteomics, and genomics. The company provides instruments, consumables, and software used by researche...Show More
Better Health for All
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Standard BioTools' core business provides tools for life sciences research, which are fundamental to improving health outcomes. Its SomaScan assay measures over 3,000 proteins across various disease states, contributing to early disease detection and personalized medicine.
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The company's technology has been used in a Novo Nordisk trial to identify mechanisms for semaglutide, supporting drug repurposing,
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and in a successful case study for repurposing a 25-year-old immunosuppressant for Castleman Disease.
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Its products are designed to accelerate drug development in oncology and other therapeutic areas.
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The SomaScan Select 3.7K Assay covers 70% of FDA standard clinical biomarkers.
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The company has no revenue from products with established negative health outcomes.
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The CyTOF XT PRO system supports 21 CFR Part 11 compliance for clinical trials,
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and its laboratory is CAP/CLIA-accredited.
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Fair Money & Economic Opportunity
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No evidence available to assess Standard BioTools Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess Standard BioTools Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The provided articles outline Standard BioTools Inc.'s commitment to ethical sourcing, including a Supplier/Distributor Code of Conduct and expectations for business partners to adhere to ethical and legal standards.
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The company prohibits forced and child labor and expects suppliers to comply with similar standards.
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However, the articles do not provide specific quantitative data for any of the KPIs, such as the percentage of fair-trade certified spend, audit frequency, number of forced or child labor incidents, traceability coverage, remediation speed, percentage of contracts with ethical clauses, share of high-risk materials, or supplier diversity spend.
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Therefore, no KPIs can be scored based on the available evidence.
Honest & Fair Business
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No evidence available to assess Standard BioTools Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Standard BioTools Inc. on Kind to Animals.
No War, No Weapons
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Standard BioTools aligns its strategies and global operations with the UN Global Compact principles.
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The company has a Supplier/Distributor Code of Ethics and Conduct, which includes a zero-tolerance policy for bribery and corruption.
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However, for the 2024 reporting period, certain first-tier suppliers reported the presence of African Gold Refinery, an entity sanctioned by the U.S. Department of Treasury, Office of Foreign Assets Control.
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The company states it is unable to conclusively determine the countries of origin for 3TG minerals in its covered products for the 2024 reporting period, and therefore cannot verify the percentage of its supply chain that is conflict-free.
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Planet-Friendly Business
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Standard BioTools Inc. has an inaugural Environmental, Social, and Governance (ESG) report available, and aligns its strategies with the United Nations Global Compact principles on environmental protection.
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The company has an Environment, Health & Safety Policy Statement and aims to comply with all applicable EHS laws and regulations.
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Its 2023 ESG Report, covering September 2021 to April 2023, mentions no regulatory actions, violations, fines, or compliance issues.
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The company is a My Green Lab Experimental Sponsor and has implemented a lighting system with motion activators to reduce wasted energy.
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It also recycles disposable lab materials, including gloves, masks, lab coats, plastic tubing, pipettes, and pipette tips, and uses sustainable purchasing practices.
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Standard BioTools is committed to transparent reporting and compliance with applicable U.S. and international Conflict Minerals regulations.
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Respect for Cultures & Communities
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No specific, concrete evidence was found in the provided articles to assess Standard BioTools Inc. against any of the KPIs for the 'Respect for Cultures & Communities' ethical value. The articles did not contain data on formal partnerships, revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
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Safe & Smart Tech
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No specific, concrete data points or relevant evidence were found in the provided articles to assess LAB.US against any of the 'Safe & Smart Tech' KPIs. All articles contained placeholder text explicitly stating a lack of relevant information for all metrics.
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Zero Waste & Sustainable Products
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Standard BioTools manages hazardous waste by complying with internal controlled documents and applicable local, state, and federal regulations for handling and disposal, noting that the volume of such materials generated is small.
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The company has implemented several waste reduction initiatives, including recycling disposable lab materials (gloves, masks, lab coats, plastic tubing, pipettes, and pipette tips), using sustainable purchasing practices, and employing sustainable microfluidics-based solutions to reduce material usage.
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They also installed motion-activated lighting to reduce energy waste.
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The company uses sustainable microfluidics-based solutions to reduce material usage, indicating a focus on material efficiency.
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For suppliers, the company's Code of Ethics expects business partners to maximize efficiency, reduce waste, conserve natural resources, and implement active reuse and recycling programs.
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Standard BioTools is also a My Green Lab Experimental Sponsor.
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