In the spring of 2003, Mike and Russ came together to draft a business plan. They talked about what they would need to have a successful lab. One of the critical systems identified was a laboratory information management system. Mike immediately thought of Jun Fabella as the person that could help with that aspect of the business.
Over the next 6 months, they surveyed the marketplace and fine-tuned the business plan. DYNALABS was chosen as the name, and on November 5, 2003, the business was officially licensed.
Construction began in February 2004, and was completed in July 2004. The next step was to buy the instrumentation, equipment, and materials required to develop and validate the necessary test methods. All this hard work culminated in a business ready laboratory by November 2004. On November 15, 2004, DYNALABS performed their first official revenue generating test.
This first sample was tested for sterility, but within 24 hours the media had turned turbid, indicating a gross contamination. After a thorough investigation, the partners concluded that there wasn’t a testing issue, so they contacted the client and offered to inspect the clients’ operations at no cost to determine if there was an issue with the compounding process.
At the end of the first quarter of 2005, DYNALABS had its’ first big break. A client had over 80 samples that needed to be tested immediately. The samples were tested within a few days. The client was so impressed with the speed of the turn-around in results, that they moved all their business to DYNALABS, and began spreading the news of a new laboratory to their pharmacist friends.
DYNALABS continued to experience triple-digit growth for the first few years. By 2009, the company occupied approximately 5,000 sq. ft., and employed approximately 15 people. Additional space was limited, and the search for a new location began. Soon thereafter, the partners received a call about a property on the corner of Chouteau and Jefferson.
After much discussion and paperwork, in early 2011, construction of a new facility began. A year later, February 2012, DYNALABS moved into their brand-new, state-of-the-art, Gold Level LEED Certified Building.
With this new facility, clients’ perception of DYNALABS shifted. Instead of viewing the company as a small start-up, they started viewing it as a successful and growing company. This perceptual shift translated into additional revenue and growth. Revenue multiplied by 5 times and DYNALABS went from 20 employees to over 50. As the company grew more and more, they were running out of lab space and had to expand. In mid-2015, construction began and renovations were completed in the first quarter of 2016. New labs were functional a month later.
DYNALABS continues to expand their portfolio of chemistry and microbiological testing services. This will minimize the amount of testing they need to outsource and will allow them to more tightly control the quality of services and results they deliver to their clients. In the future, DYNALABS is looking to expand into different countries as well as different markets.
On July 17, 2020 DYNALABS became a division of Infinity Laboratories, joining San Diego – formerly Ultimate Labs, San Diego – formerly Quadrants Scientific and Petaluma – formerly MicroMed Laboratories as part of the Infinity Laboratories Group.
DYNALABS joined Infinity Laboratories to be one of the fastest growing companies, still based on the guiding principles of:
- Patient Safety
- Affordable Healthcare
- Business Success