Austin, TX — Astrotech Corporation (NASDAQ: ASTC), a leading provider of commercial aerospace services, today announced that it has completed an internal reorganization and will now own 100% of its subsidiary companies 1st Detect Corporation (“1st Detect”) and Astrogenetix Inc. (“Astrogenetix”), in which it had previously issued equity grants to employees. “This transaction was the […]
Cambridge, UK — BioSilta Ltd, a developer of advanced microbial growth systems, today announced that it has received EUR 2.5 million from Omega Funds (London) and existing investor Inveni Capital (Helsinki). The funding will be used to support commercial expansion through direct sales and marketing teams in Europe and the USA, and the establishment of […]
ALEXANDRIA, VA -– Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $2.5 million senior secured term loan agreement and a $1.5 million revolving line of credit with IntelliCyt Corporation (“IntelliCyt”). Proceeds of the loan will be used for […]
MADISON, Wisconsin –- DNASTAR® announced that it received a Phase I SBIR grant award from the National Institutes of Health entitled, “Accurate Accessible Cloud Software for Protein Folding for Molecular Biologists”. This is the first phase of a “fast-track” grant award to perform work in the next two and one-half years to dramatically enhance DNASTAR’s […]
SAN DIEGO — Illumina, Inc. (NASDAQ: ILMN) today announced the pricing of an offering of $550 million aggregate principal amount of its 0% convertible senior notes due 2019 (the “2019 Notes”) and $450 million aggregate principal amount of its 0.5% convertible senior notes due 2021 (the “2021 Notes” and, together with the 2019 Notes, the […]
HILLSBORO, Ore.– Prior to its planned investor meeting in New York today, FEI Company (Nasdaq:FEIC) announced that the board of directors approved an increase in the quarterly cash dividends to its shareholders from $0.12 to $0.25 per share. A $0.25 quarterly dividend per share of common stock will be paid on July 22 to all […]
Fayetteville, Ark. — Biodetection Instruments™ has been awarded a National Institutes of Health Small Business Innovation and Research (SBIR) Phase I grant to develop an automated cartridge assay for rapid detection of viable Cryptosporidium oocysts, or spores, in water. Cryptosporidium is a microscopic parasite and is one of the most frequent causes of waterborne disease […]
INDIANAPOLIS — Indigo Biosystems (Indigo), the industry leading data review software developer for clinical, reference, and research laboratories, announced the closing of its $8.5 million round of funding today. The investment will be used to support the company’s rapid growth as well as invest in the research and development of future products and new markets. […]
DefiniGEN Ltd, a leading provider of stem cell life science products and services, today announced the final closing of its Series A funding round. The latest £1 million ($1.6 million) placement for ordinary shares brings to a close a cumulative total for the round of £2.28 million ($3.83 million), which will support the international expansion […]
ANN ARBOR, Mich. — Advanced Photonix, Inc.® (NYSE MKT: API) announced today that it priced an underwritten public offering of 5,391,304 shares of its Class A Common Stock at a public offering of $0.53 a share. Additionally, the Company has granted the underwriter an option exercisable for a 30-day period to the purchase up to […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
