In fiscal 2006, productivity of selected analytical and life science instrument companies increased, but at a slower rate than the previous year, as new employee growth outpaced revenue growth. Following initial productivity gains for larger companies, spurred by IT investments, manufacturing efficiencies and increased outsourcing, such a slowing is not unusual. In addition, as the […]
SofTA added Disruptive Technologies as a distributor of its evaporative light scattering detectors for France, Belgium and Switzerland. SofTA named California, US-based Bay Scientific as a distributor in April. Eksigent Technologies’ NanoLC HPLC product line is now distributed in the Benelux region by Separations Analytical Instruments BV. Serlabo Technologies now exclusively distributes Eksigent’s NanoLC HPLC […]
Copenhagen, Denmark 5/29/07—Exiqon A/S has completed an initial public offering of approximately 8.7 million shares on the Copenhagen stock exchange at an offer price of DKK 40 ($7.22) per share, raising gross proceeds of around DKK 347.6 million ($62.8 million). Exiqon develops, manufactures and sells reagents, kits and software for the analysis of nucleic acids […]
The Commonwealth Scientific and Industrial Research Organization (CSIRO) will get a total of AUD 2.8 billion ($2.4 billion) over the next four years, according to Australia’s 2007–08 budget, which was released in May. CSIRO’s National Research Flagships program will receive AUD 174 million ($146.7 million) over the next four years. Specific allotments include AUD 60 […]
In 2006, global sales in the cosmetics and toiletries sector grew 10% to more than $253 billion, according to Euromonitor International. The potential for profit in this sector has drawn biotech startup companies as well as major cosmetics firms to manufacture cosmetics with purported pharmaceutical effects, commonly called cosmeceuticals. Biotech startups are drawn to the […]
Airgas named James A. Muller senior vice president, Specialty Gases and Life Sciences, in January. He was previously president of Airgas East. In March, Air Liquide purchased Linde Gas UK based on an enterprise value of €105 million ($138.2 million). Air Liquide UK’s sales are around €60 million ($78.9 million). In March, Corning Life Sciences […]
A new report, “Pharma 2020: The Vision” from PWC finds that drug companies will change how they do R&D in the future. They will move from the current “linear” research process to “live licenses,” under which a drug is launched on a restricted basis as testing continues. Regulators worldwide will share data, resulting in a […]
Venlo, The Netherlands and Gaithersburg, MD 6/3/07—QIAGEN NV has agreed to acquire publicly listed molecular diagnostics firm Digene for approximately $1.6 billion, including $170 million in cash. QIAGEN will offer Digene stockholders $61.25 in cash per share, a 37% premium over Digene’s June 1 closing price, or 3.545 of QIAGEN stock. QIAGEN and Digene shareholders […]
According to Chemical & Engineering News’ yearly survey of the top 50 US companies in the chemical industry, 2006 was not an eventful year. Combined sales of the surveyed companies reached $299.3 billion, a 6.3% increase over 2005. This sales growth is down from last year’s 10.9% increase, and is a far cry from the […]
DeltaDOT appointed Richard Lingard as vice president of Sales. He was previously director of Strategic Alliances for Invitrogen. SRU Biosystems exclusively licensed Novartis’s Evanescent Resonance technology for drug discovery applications. The technology enables enhanced sensitivity to fluorescence-based assays. In April, Caliper Life Sciences named John DelliSanti executive vice president and chief commercial officer. He previously […]
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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.
