Analytical instrument and lab product company executives’ expectations have diminished since last fall, according to the latest IBO Business Climate Survey. This is not a surprise considering updated macroeconomic forecasts. In April, the International Monetary Fund revised its January projections for global growth downward two-tenths of a percentage point to 3.2%. This followed a February […]
Company Announcements Beijing SDL Technology, a Chinese supplier of environmental monitoring and analysis products, acquired a majority share of Kore, a provider of MS systems for the lab, process and surface science markets, in October 2015. In November 2015, Fluidigm purchased patents related to ICP-based mass cytometry from PerkinElmer for $6.5 million. Fluidigm granted PerkinElmer […]
Backlog Lifts Bruker Bruker’s Scientific Instruments segment (BSI) sales grew 5.2% organically to $350.4 million to account for 93% of company sales (see page 12). Organic growth was driven by a sturdy NMR backlog and higher MS sales, along with strength in North America and China. System and aftermarket revenues grew roughly 7% and 5% […]
In a report released earlier this month, Statistics Sweden forecasts that the Swedish government plans to increase R&D funding by SEK 747 million ($92.1 million) to SEK 34.4 billion ($4.2 billion) for 2016, which is 3.7% of this year’s federal budget. This is a slight decrease from 2015, when R&D funding made up 3.8% of […]
According to Chemical and Engineering News’s (C&EN) latest annual capital and R&D spending survey, 18 US and European chemical companies stated that 2015 R&D levels were virtually the same as 2014. Total R&D spending made up 3.4% of companies’ revenues, while R&D spending for all surveyed firms increased 0.3% from $9.88 billion to $9.91 billion. […]
US equity markets remained unnerved in April on account of mixed earnings reports and weak economic data. First quarter US GDP growth edged higher at a listless 0.5%, representing the slowest quarterly growth rate since the beginning of 2014. Slower consumer spending, weak business investments and lower exports pressured economic growth in the quarter. However, […]
San Diego, CA 4/18/16—Illumina has announced that its first quarter sales were below forecast due to lower-than-anticipated sales of the HiSeq 2500, 3000 and 4000 systems. First quarter sales grew 6%, 7% in constant currency, to $572 million. Consequently, the company now expects revenue to grow 12% in 2016. “Despite this slow start in Q1, […]
New funding, both public and private, announced since the beginning of the year promises opportunities for laboratory instrument and product purchases. Last month, Paul Allen, cofounder of Microsoft, announced the formation of the $100 million Paul G. Allen Frontiers Group, designed to fund “out-of-the-box approaches” to bioscience research. Funding will be awarded through the Allen […]
Company Announcements In January, IKA promoted Refika Bilgic to CEO of US-based IKA Works. PerkinElmer acquired Vanadis Diagnostics, a developer of a solution for NIPT based on digital analysis of cell-free DNA. The solution is designed to provide automated testing for routine use by high-throughput biochemistry labs as well as genetic labs. In February, PerkinElmer […]
Biotage Benefits from Currency Biotage fourth quarter 2015 sales grew 22.4%, 6.4% excluding currency, to SEK 168.5 million ($19.8 million = SEK 8.50 = $1). Gross margin improved 157 basis points to 56.0% of sales. Adjusted for a one-time write-down in the previous year, operating profit advanced 200 basis points to 12.0%. Currency also appreciably […]
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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.
