Washington, DC 11/5/12; Washington, DC 12/28/12—Singulex has withdrawn its filing for an IPO (see IBO 10/15/12) on the New York Stock Exchange, citing current marketplace conditions. Singulex provides immunoassay technology for life science research and diagnostics. The company had intended to publicly offer 4,375,000 shares at a price of $15–$17 per share for net proceeds […]
Radnor, PA 1/3/13—VWR International has appointed Manuel Brocke-Benz president and CEO, effective immediately. He had been serving as interim CEO following the resignation of former CEO John Ballbach last year (see IBO 7/31/12). He was appointed to the Board in September 2012. Mr. Brocke-Benz previously served as senior vice president and managing director of Europe. […]
Santa Clara, CA 1/8/13—Affymetrix has announced preliminary 2012 revenues and a restructuring plan to improve profitability. The company estimates fourth-quarter revenues totaled $84 million, including $18 million in eBioscience sales. Year over year, revenue increased 1% excluding eBioscience, and eBioscience revenue grew 5%. Year-end revenues are estimated to be $295 million. The restructuring, which includes […]
Company Announcements QIAGEN’s third-quarter sales grew 5.3%, 4% organically, to $304.3 million (see IBO 11/15/12), with acquisitions adding 6% and currency lowering sales by 5%. At constant exchange rates, Instruments, and Consumables and Related revenues increased 4% and 10% to account for 13% and 87% of sales, respectively. Molecular Diagnostics revenue rose 15% to account […]
Company Announcements In the third quarter, within Danaher’s Environmental segment, sales for existing water quality business grew low single digits (see IBO 10/31/12). Hach core revenue grew mid-single digits, as municipal spending for core lab and process instruments grew low single digits. Consumables and service represented 55% of water quality sales. Within the Life Sciences […]
Company Announcements In August, Danaher acquired Hangzhou Dingli Environmental, a Chinese distributor of Hach products for online water quality instrumentation. In September, Pall announced that its New England Life Sciences Center of Excellence in Westborough, Massachusetts, will open in spring 2013. The 113,000-square-foot facility will provide a range of process solutions. Existing operations in Northborough, […]
Santa Clara, CA 11/14/12—Agilent Technologies’ Board of Directors has appointed Ron Nersesian president and COO, effective immediately. “Over the past year as COO, Ron made significant strides in increasing the profitability of our life science and chemical analysis businesses even as we navigated through a difficult economy,” stated Agilent CEO Bill Sullivan.
Company Announcements Analytik Jena closed AJ USA in April. Xylem’s second-quarter sales for the Test portion of its Water Infrastructure division grew 58%, including $32 million in YSI sales. First-quarter sales declined 2%, excluding YSI, which had double-digit growth. The UK announced in August the establishment of the Medical Research Council–National Institute for Health Research […]
Company Announcements Testing services firm ILS purchased in June key assets of Beckman Coulter Genomics’ Morrisville, North Carolina, site and formed ILS Genomics. Beckman Coulter acquired the site in its 2009 purchase of Cogenics (see IBO 06/15/09). Anton Paar and its Brazilian distributor Polimate formed Anton Paar Brazil, which will take over the sales and […]
Company Announcements In June, Bruker appointed Charles F. Wagner Jr. executive vice president and CFO. He has served on the Board since 2010 and was previously CFO of Millipore. Former CFO William J. Knight remains as executive vice president, president of Bruker Detection and US general manager of Bruker Detection. Bruker opened a new applications […]
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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.
