GENZYME - SUCCESS THROUGH DIVERSITY

Genzyme, the US biotechnology company, has a remarkably broad product base in contrast to similar corporations which have more focused portf olios. In biotechnology, a company's value is based largely upon its p atent portfolio. In the case of Genzyme, the Company's leading product Ceredase (recombinant glucocerebrosidase), is manufactured under lice nce. Substantial income streams are produced from the manufacture of p harmaceuticals and diagnostic reagents. Of particular note are Genzyme 's tissue repair products which combine membrane and recombinant DNA t echnologies.