Company Announcements Roche Applied Science opened an Application Support Center in Shanghai, China, in May. Thermo Fisher Scientific named two new directors in May: Thomas J. Lynch, CEO of Tyco Electronics, and Tyler Jacks, PhD, David H. Koch professor of Biology at MIT. MDS Analytical Technologies appointed Bio-Strategy as its new distributor for Australia and […]
Company Announcements In April, a class action complaint was filed in federal court in Maryland against the Republic of Iraq, VWR, Thermo Fisher Scientific (previously Oxoid) and Alcolac (whose assets are owned by Rhodia). The suit alleges violation of the Geneva Convention, UN Security Council resolutions and international law, as well as negligence, strict liability, […]
Company Announcements In March, Merck KgaA appointed Christina Shasserre, general manger of the Laboratory Business, as global head of Bioscience. She is based at EMD Chemicals’ Bioscience site in San Diego, California, where all of EMD’s core US Bioscience capabilities will be consolidated by year end. For the fiscal year ended March 31, Biotechnology-related Business […]
In fiscal 2008, average short-term and long-term compensation for 56 executives at 44 analytical instrument and laboratory product companies in IBO’s three Stock Indexes (see IBO 4/30/09) increased, according to the latest results of IBO’s annual Executive Compensation Survey. Average total short-term compensation grew 5.1% to $1,199,310, while average total long-term compensation rose 13.2% to […]
Company Announcements In January, Sigma-Aldrich’s SAFC Pharma business began operations at its new 7,000-square-foot lab complex in Carlsbad, California. The facility augments SAFC’s biologics and assay-development capabilities. MDS Analytical Technologies’ first-quarter sales for the quarter ended January 31 declined 27% to $85 million, including a 9% decline in revenue due to foreign-exchange effects (see IBO […]
Company Announcements Bruker opened its expanded applications and technology demonstration lab in Yokohama, Japan, in February. The lab is co-located with Bruker’s R&D and manufacturing facility for X-ray analysis systems. Bruker has close to ¥10 billion ($107 million) in revenue in Japan and almost 150 employees in the country. Scottish Enterprise reported in February that […]
Sunnyvale, CA 4/14/09—Dionex has named Dr. Frank Witney president, CEO and a member of the Board of Directors effective April 30. He replaces Dr. Lukas Braunschweiler, who announced earlier this year that he was leaving the company to take a position at Ruag Holding AG (see IBO 12/15/08). Most recently, Dr. Witney served as executive […]
At this year’s Pittcon, IBO sat down with executives from four major analytical instrument providers to discuss current market conditions and strategies. Each executive acknowledged that this was a difficult time for the instrument market. As Dr. Rohit Khanna, vice president of Worldwide Marketing for the Waters Division of Waters Corporation, stated at the company’s […]
Company Announcements Analytik Jena’s revenues for the fiscal year ended September 30, 2008, increased 23.1% organically to €53.1 million ($79.2 million) (see IBO 12/31/08). Analytical Solutions sales rose 23.3%, Bio Solutions sales grew 35.1% and Optical Solutions sales grew 16.9% to represent 76%, 8% and 16% of sales, respectively. Including the discontinued Project Solutions unit, […]
Toronto, Canada 2/2/09; New York NY 10/30/08—MDS announced that is has formed a committee of independent directors to support its review of alternatives for improving shareholder value. MDS has hired Goldman, Sachs & Co. and RBC Capital Markets as financial advisors. In an October 2008 press release, Obrem Capital Markets disclosed its discussions with MDS […]
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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.
