Alice Schwartz
Overview
- Source of Wealth
- Medical devices
- Industry
- Healthcare
- Residence
- El Cerrito, California
- Education
- University of California, Berkeley (Bachelor of Arts/Science)
- Marital Status
- Widowed
- Children
- 2
Assets
- Bio-Rad class A7,269,000 shares @ --BIO-US
Biography
With $720 in savings, Alice Schwartz and her husband David launched Bio-Rad Laboratories in a Berkeley Quonset hut in 1952.
Early products included ion exchange resins, substances used to facilitate pharmaceutical manufacturing and lab research.
Bio-Rad now sells 10,000 life science research and clinical diagnostics products and had 2024 revenues of $2.6 billion.
Bio-Rad held its IPO in 1966. It was listed on the American Stock Exchange in 1980, then the New York Stock Exchange in 2008.
Schwartz, who was widowed in 2012, stepped down from the board in 2022; her son Norman is chairman and CEO.
About
Schwartz studied biochemistry at UC Berkeley where she met her husband David.
Bio-Rad's products include a screening kit for cancerous genetic mutations and an HIV test that analyzes antibodies and antigens for early virus detection.