A majority of large publicly held instrument and lab product companies ended 2015 on a strong note, benefiting from sustained demand from biopharmaceutical customers and steady growth in applied markets. Nevertheless, currency effects along with weak industrial markets continued to dampen organic top line growth. Moreover, several companies were negatively impacted by fewer selling days […]
Company Announcements The Hindu Business Line reported in December 2015 that Thermo Fisher Scientific will add 70 employees to its approximately 180-employee Global Technology Development Centre in Bengaluru, India, this year. Personnel at the company’s R&D Center in Bengaluru will double to 90 employees this year. Illumina announced in December 2015 four new Illumina Accelerator […]
Illumina Fueled by Clinical Adoption Illumina’s fourth quarter 2015 sales grew 15.5%, 19% excluding currency, to $591.5 million. Excluding currency, Product revenue grew roughly 15%, and Service and Other revenue jumped 55% to account for 84% and 16% of revenues, respectively. Sequencing sales grew 19%, 23% excluding currency, driven by continued adoption in clinical oncology […]
Since IBO’s last article on 2016 economic forecasts (see IBO 1/15/16), the International Monetary Fund (IMF) has issued an update to its October 2015 World Economic Outlook. Released earlier this month, the update outlines the factors influencing the revisions, such as China’s economy moving away from manufacturing and investment and toward services and consumption; decreased […]
Company Announcements LECO opened a European Application and Technology Center in Berlin, Germany, in October 2015. In October 2015, Waters opened a Malaysian subsidiary. Shimadzu established an incorporated association in partnership with Miyazaki Prefecture, Japan, for the analysis of residual pesticides in agriculture and food products. Becton, Dickinson Executive Vice President and COO William A. […]
Concerns over tightening US monetary policy, faltering industrial markets and China’s economic slowdown led to Wall Street’s worst January performance since 2009. The Dow Jones Industrial Average, S&P 500 and NASDAQ slumped 5.5%, 5.1% and 7.9% in January, respectively. Nonetheless, results could have been worse, as major indexes jumped more than 2.3% in the final […]
Austin, TX 11/23/15; London, UK 11/24/15—Oxford Instruments has sold its Austin division, a supplier of cryo pumps, cold heads and compressor services, to Trillium, US, a supplier of vacuum pump–repair services, and new and refurbished systems. The purchase price was $1.3 million in cash. For the six months ending September 30, Austin’s revenues totaled £1.7 […]
Seoul, South Korea 12/16/15; Seoul, South Korea 12/17/15—AFM manufacturer Park Systems has completed an IPO of one million shares on South Korea’s KOSDAQ exchange. In 2014, the 84-person company generated KRW 13,123 million ($12.5 million = KRW 1,053.53 = $1) in revenues, according to the stock exchange. “This IPO demonstrates our ambition to take a […]
US indexes ended 2015 mostly lower as the Dow Jones Industrial Average and S&P 500 slipped 2.2% and 0.7%, respectively, representing the worst performance for the two Indexes since the 2008 financial crisis. The NASDAQ advanced 5.7% for the year but endured a notable slowdown compared to double-digit gains in each of the previous three […]
On December 18, the US federal government’s $1.15 trillion budget for fiscal 2016 (October 1, 2015–September 30, 2016) was signed into law. The 2016 Consolidated Appropriations Act, also known as the Omnibus bill, increases funding for many research agencies. According to preliminary estimates from the American Association for the Advancement of Scientists (AAAS), the fiscal […]
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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.
