The Public Population Project in Genomics (P3G), a Montreal-based nonprofit international consortium, will receive CAD 34.5 million ($32.3 million) in funding from the Canadian and Quebec governments, according to an announcement this May. P3G’s budget, which includes investments from international partners, may reach CAD 64.5 million ($60.4 million). The Canadian government expects P3G to improve […]
Integrating organizational structures has been the focus of Horiba and Shimadzu, two of the largest analytical instrument companies. Based in Japan, both companies have sought in recent years to improve profitability through consolidating operations, new manufacturing facilities and strengthening their US businesses. As the results for each company’s most recent fiscal years show, these efforts […]
Pfizer announced that it will spend $300 million on R&D in South Korea by 2012. An initial agreement between South Korea’s Ministry of Health and Welfare and Pfizer for the development of drugs and medical technology was signed on June 13. According to the South Korean government, this is the largest R&D investment by a […]
This issue, IBO has made a of couple changes to its Life Science Sales Index. Gene Logic, Tripos and Molecular Devices were removed from the Index. Tripos sold its Discovery Informatics division in March (see IBO 11/30/06), while Gene Logic increased the service orientation of its business. Molecular Devices was acquired by MDS on March […]
Konica Minolta Sensing appointed Metalinspec and Equipar as Mexican distributors. Metrolab was appointed a technical support provider for Mexico. Perten Instruments AB named Newport Scientific an exclusive distributor for North America effective April 1. Perten will exclusively distribute Newport Scientific’s products in Sweden, Denmark, Finland and Norway beginning this month. Perten will integrate CAMO Software’s […]
Northbrook, IL 6/12/07—IDEX has acquired Quadro Engineering, a provider of particle control solutions for the pharmaceutical and biopharmaceutical industries for $31 million in cash. Quadro Engineering specializes in products for fine milling, emulsification and special handling of liquid and solid particulates for lab, pilot phase and production scale processing. Based in Ontario, Canada, the company […]
Hollywood, FL 5/23/07; Washington, DC 5/23/07—In a busy week for initial public offerings (IPOs) of laboratory product companies (see below), STARLIMS completed its IPO of common stock on the NASDAQ Global Market on May 23, raising an estimated $25.5 million in net proceeds (see IBO 5/15/07). The offering consisted of 2.1 million ordinary shares priced […]
According to Environmental Laboratory Washington Report’s yearly survey, most companies in the environmental testing business reported slightly higher earnings in 2006. However, general expectations for industry growth are not high: most respondents to the survey believe that the market, which generates an estimated $1.7 billion in annual revenues, will be flat in coming years. In […]
The Japanese government has introduced two new programs to support research centers. The World Premier International Research Center Initiative (WPI) will provide yearly funding of ¥500 million–¥2 billion ($4–$17 million) for five top-level research centers for at least 10 years. For Japanese fiscal year (JFY) 2007 (April 2007–March 2008), WPI’s budget is ¥3.5 billion ($30 […]
Cambridge, MA 5/24/07; Washington, DC 5/24/07—Helicos Biosciences completed the initial public offering of its common stock on the NASDAQ Global Market on May 24 with a pricing of 5.4 million shares at $9 per share (see IBO 2/28/07). The company had initially announced the offering at $13–$15 per share on May 7 and lowered it […]
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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.
