Even excluding American Recovery and Reinvestment Act (ARRA) funding, US university spending on R&D continued to grow in fiscal year 2011 (FY11) (ending June 30, 2011). Without ARRA funding, university spending on R&D would have grown 4.0% to $60.9 billion, according to the NSF’s Higher Education Research and Development (HERD) Survey. Including ARRA funds, university […]
Waltham, MA and Shanghai, China 11/13/12—PerkinElmer has acquired China-based Shanghai Haoyuan Biotech, an infectious disease diagnostics company, for $38 million in cash and potential future additional consideration. The company supplies molecular infectious disease screening technologies for blood banks and clinical labs in China. The acquisition extends PerkinElmer’s capabilities into nucleic acid blood screening and molecular […]
A trend among major analytical instrument and lab product companies is the expansion into clinical diagnostic markets, both regulated products and, in the US, services based on laboratory developed tests (LDTs). Clinical diagnostics is a fast-growing market, with multiple opportunities due to the use of new research technologies for diagnostics, growth in emerging markets and […]
The European Commission’s “2012 EU Survey on R&D Investment Business Trends” finds that responding companies plan to raise their R&D investments by 4.2% on average from 2012 to 2014. This compares to a projected average increase of 5% in the 2011 survey (see IBO 8/15/11) and, prior to the recession, 7% in the 2007 survey. […]
The world’s 11th largest economy, South Korea is forecast to grow 3.3% this year, according to the country’s Finance Ministry. The economy is expected to grow 4.3% in 2013. The domestic market, which the World Economic Forum defines as GDP plus the value of imports, is currently ranked 12th in size among 142 countries, while […]
At its press conference announcing its purchase of Navigenics (see page 2), Life Technologies provided details of its plan to grow its diagnostics business. Ronnie Andrews, president of Medical Sciences, cited the company’s qPCR, FISH probes and antibody products as among the product lines that will contribute to its diagnostic offerings. As an example of […]
Waltham, MA and Canoga Park, CA 7/16/12—Thermo Fisher Scientific has agreed to acquire One Lambda for $925 million in cash, subject to post-closing adjustment. One Lambda provides diagnostic tests that are used by transplant centers for tissue typing, primarily to determine the compatibility of donors and recipients pre-transplant and to detect the presence of antibodies […]
Carlsbad, CA 7/25/12—Life Technologies has acquired Pinpoint Genomics, a developer of an early-stage non-small cell lung cancer test for the identification of patients at risk for late-stage disease. “We see an opportunity in lung cancer to change the treatment paradigm with more effective diagnostics,” stated Gregory T. Lucier, chairman and CEO of Life Technologies. “As […]
Carlsbad, CA 7/16/12—Life Technologies has acquired Navigenics, a developer of genetics-based products and services, for an undisclosed amount. Life Technologies stated the acquisition was a first step in its strategy to build out its molecular diagnostics business. “The advent of personalized medicine will require a combination of technologies and informatics focused on delivering relevant information […]
Held July 15–19 in Los Angeles, California, the annual American Association for Clinical Chemistry (AACC) conference hosted tens of thousands of attendees. The conference presentations and exhibits encompassed both traditional clinical chemistry technologies, such as clinical analyzers, as well as molecular diagnostics techniques, including DNA sequencing and PCR. The conference was held at an interesting […]
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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.
