In the first quarter of 2007, revenues for IBO’s Laboratory Sales Index grew an impressive 11.6% to $4,101 million. Operation profit jumped 14.0% to $654 million and operating margin climbed 50 basis points to 16% of sales. More than half of the companies realized significant improvements in operating profits, but those were offset by declining […]
In February, biosensor developer NanoSensors signed a letter of intent to acquire the assets of DKL International, a provider of passive detection technology. SELEX Sensors and Airborne Systems contracted with ilochip A/S to develop a lab-on-a-chip system for detecting and identifying airborne biological pathogens. The $125.6 million jury verdict against L-3 Communications, resulting from its […]
In 2006, the Securities and Exchange Commission’s new disclosure rules for executive compensation went into effect. These rules provide investors with a more accurate outline regarding the compensation of top executives and directors of US public companies. The most significant changes include disclosure of annual total compensation, annual change in pension value and annual, nonqualified […]
Washington, DC 5/4/07—Laboratory information management systems (LIMS) provider Starlims has filed for a US initial public offering of shares of its common stock on the NASDAQ exchange. The company plans to list 2.1 million shares at a price of $13.70–$15.50 per ordinary share for expected net proceeds of $25.9–$37.4 million. The company has been listed […]
LUM GmbH named Twinson International as a Chinese distributor and Lih-Yuan Enterprise as a Taiwanese distributor. Asia accounts for more than 30% of the company’s sales. Under an OEM agreement, Micro Imaging Technology will supply its tabletop rapid microbial identification system as an option for JMAR’s BioSentry Water Monitoring System. Particle size analyzer company NanoSight […]
Instrument industry sales should remain stable in the next six months, according to IBO’s Spring Business Climate Survey. Twice a year IBO conducts a survey of analytical instrument companies and associated suppliers. Twenty-four executives were surveyed from companies whose combined sales exceed $5 billion. Fifty-eight percent of the instrument and laboratory product–related company executives who […]
Intelligent Bio-Systems exclusively licensed DNA sequencing technology from Columbia University. Beckman Coulter appointed James V. Mazzo, president and CEO of Advanced Medical Optics, to its board. Under a collaboration agreement, BG Medicine will integrate Applied Biosystems technology into its proteomic and metabolomic systems pharmacology workflows. Kyodo International will represent lab-on-a-chip company Micronit Microfluidics BV in […]
According to data compiled in a 2006 study by the Confederation of the Food and Drink Industries of the EU (CIAA), the food and beverage industry was the largest manufacturing sector in the EU in 2005. Its sales grew 2.6% to €836 billion ($1.2 trillion) to represent 13.6% of EU manufacturing sales. In 2005, the […]
Basel, Switzerland 4/4/07; Gaithersburg, MD 4/4/07—Roche has signed a definitive agreement to acquire BioVeris for $21.50 per share in cash, or approximately $600 million. BioVeris offers reagents and instruments for diagnostic testing and research based on its electrochemiluminescence technology (ECL). Roche Diagnostics stated that the acquisition will allow it to expand its immunochemistry business from […]
The equity market continues to find bullish sentiment within a sluggish economy. On April 25, led by a strong rally in the blue chip sector, the Dow surpassed the elusive 13,000 mark for the first time. Exuberance over positive earnings in the technology sector and acquisition news helped push all major indexes higher. For the […]
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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.
