Budget requests for Science and Technology (S&T) programs in Japanese Fiscal Year (JFY) 2008 (April 2008–March 2009) have been released by the Council for Science and Technology Policy (CSTP). The total amount requested is ¥4,033.2 billion ($35.1 billion), a 14.9% increase from the JFY 2007 budget of ¥3,511.3 billion. The budget request from the Ministry […]
According to Booz Allen Hamilton’s third annual report on the “Global Innovation 1000”—the 1,000 largest corporate R&D spenders—R&D spending increased 10% in 2006 to $447 billion. Booz Allen Hamilton estimates that the Global Innovation 1000 accounted for 84% of total corporate R&D and 52% of all R&D spending last year, which was estimated at $540 […]
Farfield Scientific entered into a strategic partnership with Monash University to create biosensor surfaces for the structural analysis of membrane protein function. SEQUENOM named Richard Lerner to its Board in July. He is president of the Scripps Research Institute. A consortium that includes deltaDOT, Xcellerex, BioPharm Services and Dowpharma was awarded a $7.9 million DARPA […]
Johannesburg, South Africa 10/26/07; London, UK 10/26/07—Industrial conglomerate Barloworld has sold its Scientific Laboratory Group to Nova Capital Management for £75 million ($153.7 million). The Scientific Laboratory Group consists of five product lines: Pyrex lab glassware, Sterilin and Azlon lab plasticware, Stuart temperature control and motion equipment, Techne temperature control and calibration equipment, and Jenway […]
October ended with the Federal Open Market Committee lowering the interest rates by a quarter-point and the release of a surprising economic report by the US Commerce Department showing a GDP growth rate of 3.9% for the third quarter. Evidently, a nice treat for investors as the Dow Jones, S&P 500 and NASDAQ closed 1.0%, […]
Biotech drug sales in the US have increased an average of 20% over the last five years and reached a total of $39.92 billion in 2006. Growth factors, primarily erythropoietins and colony-stimulating factors, represented 35.4% of the market in 2006. Monoclonal antibodies, mostly for oncology, and autoimmune and inflammation disorders, made up 28.5% of the […]
The landscape of the generics industry is changing due to a number of high-profile mergers. Mylan Laboratories, a generics manufacturer based in Pennsylvania, jumped to third place in sales ranking among generic firms after purchasing a controlling stake in the Indian generic Matrix Laboratories in January and acquiring the generics division of Merck KGaA in […]
Last month, Novartis and the Massachusetts Institute of Technology (MIT) announced the formation of a research partnership dedicated to continuous manufacturing. Novartis will give MIT $65 million over the next 10 years to establish the program; according to The Boston Globe, $40 million of this funding will come in the first five years. The Novartis-MIT […]
DataApex appointed Gallery Science a Premium Partner, and thus a wholesaler to other distribution channels, for North America and the Caribbean Islands. In June, Eksigent named Bionoetikos as a distributor for its NanoLC HPLC product line in Southeast Asia. In July, Eksigent signed a distribution agreement for its NanoLC product line with Nova Analítica for […]
It has been three years since 10 countries—Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia—joined the EU (EU 10), adding 5% to the GDP of the world’s largest economy. In January, Bulgaria and Romania also became members the EU. EU membership has strengthened new member states’ (NMS) trade status, financial stability […]
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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.
