Malaysia has steadily been working to establish itself in the global biotech industry through government and private enterprise efforts. The future heart of the Malaysian biotech industry will be BioValley, a biotech zone south of Kuala Lumpur. To date, the government has invested $26 million in BioValley and it is expected to be operational by […]
Laboratory Corporation purchased laboratory automation provider Protedyne. TTP LabTech appointed Matthew Cook as commercial development manager to further develop its custom automation business. CyBio AG established a Japanese subsidiary in April. In July, CyBio AG and MACHEREY-NAGEL GmbH announced they will jointly develop applications to automate MACHEREY-NAGEL’s kits on CyBio systems. CyBio AG reported first-half […]
Stem cells have the ability to develop into almost any kind of cell. Spurred by stem cells’ potential to replace diseased cells and cure a wide variety of diseases, scientists around the globe have been studying the qualities of these cells. Because many different properties of stem cells still need to be understood, there are […]
East Hills, NY 7/19/07; 8/2/07; 8/20/07—Pall announced in early August that its Audit Committee determined that the company will be required to restate its annual and quarterly results for some or all of fiscal years 1999–2006. The decision is related to Pall’s July announcement of an inquiry into “the possible material understatement of US income […]
KSV Instruments named new distributors: Massanalys Nordic AB for Sweden; dpUNION Instrumentação Analítica e Científica for Brazil and Arquimed SA for Chile. Fauske & Associates named PT. Haes Brothers its exclusive Indonesian distributor and Scientific & Medical Products its exclusive Irish distributor. In June, MTS Systems named Laura B. Hamilton president and COO. She had […]
Brijot Imaging Systems entered into a joint development plan with HRL Laboratories to enhance its BIS-WDS millimeter-wave imaging system using a module as a plug-in to enable high-volume manufacturing. In order to become profitable, Isonics restructured its Homeland Security & Defense unit to focus on the development of partnerships with prime contractors. Homeland Safety International […]
Grand Rapids, MI 8/23/07—X-Rite, a maker of color spectrophotometers and colorimeters, has agreed to acquire Pantone for $180 million. Pantone provides products for color identification, matching and reproduction, including color matching systems and standards. In 2006, Pantone recorded revenues of $42 million and adjusted EBITDA of approximately 27% of revenues. X-Rite expects the transaction to […]
This month, ensuing renewed concerns over subprime mortgages and the credit crunch, the Dow suffered the second-biggest decline of the year, falling 2.8% on August 9. In the four-day trading period ending August 16, the Dow, S&P 500 and NASDAQ declined 5.6%, 6.1% and 6.2% to four-month lows of 13,846, 1,408 and 2,451, respectively. From […]
It was a surprisingly strong calendar-year second quarter for major analytical instrument companies. Healthy European and Asian sales, continued robust industrial market sales, and a strengthening of sales to big pharma helped companies generate results that topped a number of companies’ expectations. A stronger US dollar also helped US companies leverage pricing advantages in foreign […]
In May, Affymetrix opened a manufacturing facility in Singapore. ChannelNewsAsia reports that the facility will manufacture 30% of the company’s products and has a staff of 124. Affymetrix appointed John C. Batty CFO and executive vice president in June. He previously served as senior vice president of finance and CFO of Credence Systems. In July, […]
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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.
