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The Company develops, manufactures and distributes products and provides services for the veterinary and the food and water testing markets.
Idexx is the dominate player in the veterinary diagnostic business. Six or seven years ago they launched lazorcyte, a hematology machine that, althought expensive, they have been able to place into a ever growing impressive list of progressive veterinary practices. Now they have launched Catalist, a new revolutionary new blood chemistry devise, that I believe will show the sam type of growth. the great thing about Idexx is not only do they do well with the machines, each machine requires high profit consumables. One look at Idexx history since the launch of Lazorcyte, give me reason to believe catalyst will do the same for their stock for the forseeable future.
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