Molecular Sensing exclusively licensed Vanderbilt University’s technology for a biosensor platform based on backscattering interferometry. ForteBio named Joseph D. Keegan, PhD, former president and CEO of Molecular Devices, president and CEO in September. NextGen Sciences named Dr. Mike Pisano, founder of Proteomic Research Services (see IBO 1/31/07), CEO. Precision System Science reported fiscal 2007 sales […]
November was another unpredictable month with extreme swings in the equity markets as unrelenting concerns about rising oil prices, consumer spending, credit markets and corporate earnings continued to agonize investors. Over the four days ending November 12 the Dow, S&P 500 and NASDAQ fell 4.9%, 5.3% and 8.5%, respectively. However, on November 26, Federal Reserve […]
According to the latest figures released by the National Science Foundation (NSF), spending on science and engineering (S&E) R&D at US universities and colleges rose 4.3% in fiscal 2006 (ended September 30, 2006) to $47,476 million. As the pie chart below illustrates, spending by the federal government made up the lion’s share of academic R&D […]
The calendar-year third quarter was yet another quarter of robust growth for major analytical instrument companies, driven by food and environmental testing in foreign markets and steady industrial spending. Five of the nine analytical instrument companies whose financial results are shown in the tables on pages 10 and 11—Agilent Bioanalytical Measurement (BAM), Bruker BioSciences, PerkinElmer […]
Amsterdam, The Netherlands 11/15/07; London, UK 11/21/07—In a sign of deteriorating market conditions for new issues, Avantium Technologies and CambridgeSoft have delayed planned initial stock offerings. Avantium Technologies, a supplier of systems for high-throughput experimentation, announced that it withdrew its planned November 16 IPO on the Amsterdam stock exchange (see IBO 10/31/07) due to “adverse […]
According to IMS Health’s 2008 “Global Pharmaceutical Market and Therapy Forecast,” the global pharmaceutical market will grow 5%–6% in 2008 to total $735–$745 billion. This is down from the 6%–7% growth forecasted for 2007. One of the most notable developments in 2008 will be the rise of the so-called “pharmerging” markets: China, Brazil, Mexico, South […]
Anapol Geratetechnik AG named Cemtrex the exclusive distributor of its portable emission analyzers in North America and India. Leister Process Technologies’ Axetris Microsystems business, an OEM provider of MEMS-based sensors and micro-optical components, acquired IR Microsystems SA, a developer of diode laser–based detection technology. In August, Emerson Process Management acquired Decision Management International, a provider […]
Lonza’s Bioscience division, consisting of its Cell Therapy, Rapid Testing Systems, Media, and Cell Discovery and Molecular Biology businesses, reported CHF 82 million ($66.9 million) in sales and EBIT of CHF 12 million ($9.8 million) for the first half of 2007. Media, and Cell Discovery and Molecular Biology sales were lower than expected. CellSystems Biotechnologies […]
In the third quarter of 2007, revenues for IBO’s Laboratory Instrument Sales Index grew an impressive 13.7% to $4,218 million, identical to the second quarter’s revenue growth. Operating profit grew 21.8% to $693 million, and operating margin climbed 110 basis points to 16.4% of sales. Strong organic growth, acquisitions and favorable currency effects continued to […]
Spurred by the likelihood of rising fuel demand in developing economies and increasingly stringent regulations for carbon dioxide emissions in developed economies, several of the leading oil producers have been investing heavily in partnerships with universities for biofuel research. The most substantial of these investments is $500 million from BP for a 10-year consortium among […]
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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.
