Franklin Lakes, NJ 7/26/11—BD (Becton, Dickinson and Company) has named President and COO Vincent A. Forlenza CEO and president, effective October 1. He will also become a member of the Board. He replaces Chairman and CEO Edward J. Ludwig, who will continue to serve as chairman through June 2012. “This change in leadership is the […]
Company Announcements In May, Bruker opened a new Singapore Center of Excellence, which provides sales and after-sales services for Southeast Asia. The Center has a staff of 45 and expects to hire 10 to 20 more employees. Bruker opened in May a major applications, training and service center in Shanghai, China. The center brings together […]
Company Announcements First-quarter Roche Applied Science revenue declined 12%, down 3% in local currencies, to CHF 198 million ($211 million) due to a large one-time order a year ago. Custom Biotech sales grew 13%, Genomic Analysis sales increased 1%, Other revenue fell 10% and qPCR & Nucleic Acid Purification sales fell 16%. Europe/Middle East/Africa and […]
Santa Clara, CA 6/1/11—Microarray firm Affymetrix has named Frank Witney, PhD, president and CEO effective July 1. He succeeds Kevin M. King who resigned to pursue other interests. Dr. Witney was most recently president of Dionex (see IBO 4/15/09) and served in a senior leadership position at Panomics (see IBO 11/15/08). Panomics was acquired by […]
Company Announcements Merck Millipore’s 2010 sales grew 81.0% to €1,681 million ($2,211 million). Legacy Millipore products represented 38% of sales. Organic revenue grew 5.6%. Europe, North America, Latin America and Asia/Africa/Australasia accounted for 39%, 24%, 9% and 28% of revenue, respectively. Sales this year are forecast to grow 51%–56%. In March, Thermo Fisher Scientific agreed […]
If executive compensation plans are designed to reward financial performance and increase shareholder returns, then fiscal 2010 was an exemplary year. In fiscal 2010, total median compensation for the 55 executives at 40 analytical instrument and laboratory product companies in the four IBO Stock Indexes (see IBO 4/30/11) soared 34.3% to $2,761,689. For those same […]
Company Announcements In 2010, sales for Roche Diagnostics Applied Science were flat at CHF 868 million ($835 million), but grew 4% in local currencies, to make up 8% of Roche Diagnostics revenue. Genomic Analysis, Custom Biotech and Other sales grew 17%, 13% and 4%, respectively, but qPCR & Nucleic Acid Purification sales fell 12%. Asia-Pacific […]
Company Announcements Harfordbusiness.com reported in January that Eppendorf is undertaking a $25 million, 130,000-sq-ft expansion of its Enfield, Connecticut, production plant, which makes pipettes and pipette tips. The company expects to add 75–90 workers as a result of the expansion. Sartorius named Dominique Baly to the newly created position of president of Sartorius Group Laboratory […]
Company Announcements Staffan Lindstrand, partner at HealthCap, resigned from Biotage’s Board in October. HealthCap sold its shares in Biotage in August. In November, Waters launched the Centers of Innovation Program to support scientific innovation in the fields of health and life science research, sports science, food safety, clinical research and environmental protection. The company announced […]
St. Louis, MO 11/14/10—Dr. Jai Nagarkatti, chairman, president and CEO of Sigma-Aldrich, died unexpectedly of an apparent heart attack on November 13. The company’s Board has elected Rakesh Sachdev, who served as CFO, chief administrative officer and senior president of the International business, as president and CEO. He has also been elected to the Board.
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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.
