In 2014, the UK’s bioscience sector hit a financial high, raising £1.2 billion ($1.97 billion) in innovation capital, or equity capital raised by companies with annual revenues less than $500 million. This was an increase of 143% and more than one-third of the £3.9 billion in bioscience innovation capital that Europe raised that year. The […]
The US equity markets rebounded sharply in October as the Dow Jones Industrial Average, S&P 500 and NASDAQ climbed 8.5%, 8.3% and 9.4%, respectively. Stronger-than-expected corporate earnings, especially from telecom, health care and consumer staples sectors, boosted equity prices, along with unchanged interest rates and historically low jobless claims. Third quarter GDP came in just […]
This month, the Organization for Economic Co-operation and Development (OECD) released its annual Science, Technology and Industry Scoreboard, highlighting trends in R&D spending among the 34 countries that make up the OECD as well as China. In particular, the report emphasized the recent trends of growing investment by business, China’s increasing R&D prominence and the […]
Despite indications that the global economy is continuing to slow, the outlook for sales growth within the instrument and lab product industry is positive. In late October, 15 industry executives completed the online IBO Business Climate Survey. The respondents were IBO subscribers and other solicited participants, each representing a unique company or business unit. The […]
Company Announcements Lockheed Martin formed in July its Healthcare Technology Alliance to develop and refine technologies to help guide decisions for care, diagnosis and treatment of disease while protecting critical health information. Founding members include Cisco, Cloudera, Illumina and Intel. Illumina announced in August the second funding cycle of its Accelerator investments: PathoGn, which uses […]
This month, the National Academies of Sciences, Engineering and Medicine issued its report, “Support for Forensic Science Research: Improving the Scientific Role of the National Institute of Justice.” The document made recommendations for strengthening the National Institute of Justice (NIJ) in its capacity as the supporting body for forensic research in the US. This article […]
Abcam Gains on Asia Expansion Fiscal 2015 sales for Abcam ending June 30 grew 12.6%, 14.2% excluding currency, to £144.0 million ($225.1 million = £0.64 = $1). Product revenue climbed 16.6% to account for 94% of sales. This growth was driven by new products, direct sales initiatives, geographic expansion in China and the acquisition of […]
San Diego, CA 10/5/15—Illumina has announced third quarter sales of $550 million, 3% lower than expected, due to softer demand for desktop sequencers, and weaker sales in Europe and Asia Pacific. As a result, the company revised its full-year sales guidance downward from 20% growth to 18% growth, or a 21% increase in constant currency. […]
Despite a strong final trading session to end the month, US equity markets continued to falter in September due to anxiety over the economic slowdown in China and other emerging markets. Consequently, the Federal Reserve, which was equally pressured by uncertain global economic developments as well as by the strong valuation of the US dollar, […]
Company Announcements In July, Shimadzu established the 672 m2 SSI Innovation Center at its US subsidiary in Maryland to foster more joint research and collaborative projects with customers. The 26-employee Center consists of the Strategic Collaboration Development Group, Research and Development Group and Application Development Group. A $20 million investment is planned over the next […]
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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.
