Expectations for industry growth showed little change compared to last fall (see IBO 10/15/14), according to IBO’s biannual Business Climate Survey. However, compared to a year ago, sentiments were more restrained. This spring, 57% of survey participants expect instrument and laboratory product–industry sales to increase moderately. Forty-three percent expect them to stay the same. However, […]
Company Announcements In 2014, sales for Modern Water’s Monitoring Division fell 22.9% to £2.7 million ($4.4 million) to make up 98% of revenues due largely to slower Chinese sales. The firm’s adjusted operating loss widened 5.0% to £5.1 million ($8.4 million). In March, Tintometer acquired UK-based Droptestkits.com, trading as DTK Water, a manufacturer and supplier […]
IBO has moved up its quarterly financial review of major publicly held instrument and lab product businesses to the mid-month issues in order to provide more time-sensitive reporting. In addition, IBO has reorganized its Sales Indexes to one primary Laboratory Instruments and Products Sale Index, which will be presented in the May 31 issue. These […]
Gaithersburg, MD 5/5/15; Washington, DC 5/5/15—OpGen has completed its IPO (see IBO 4/30/15), listing units on the NASDAQ Capital Markets at $6.00 each. The IPO consisted of 2,850,000 units and is expected to raise $17.1 million before expenses, with estimated net proceeds of $12.8 million, or $15.8 million if underwriters exercise their options. Each unit […]
Tucson, AZ 5/6/15; Washington, DC 5/6/15—HTG Molecular Diagnostics, a provider of technology for complex molecular profiling, has completed an IPO. The company listed its shares on the NASDAQ Global Market, offering 3,570,000 shares at a price of $14 per share for estimated net proceeds of $44.4 million, or $51.4 million if the underwriters’ overallotment option […]
Improved economic conditions and stronger financial results elevated executive compensation in fiscal 2014 (FY14) as a majority of presidents and CEOs in IBO’s Laboratory Instruments and Products Stock Index (including Sigma-Aldrich) (Lab Index) recorded double-digit pay increases. For the 24 presidents and CEOs of companies in the Lab Index, who have served in their respective […]
The Life Science Sales Index article in the March 15 issue of IBO excluded a summary of Tecan results. For the second half of 2014, Tecan sales grew 10.2%, 5.8% organically, to CHF 227.5 million ($242.0 million = CHF 0.94 = $1). The acquisition of IBL (see IBO 7/31/14) contributed 4.5% to sales growth. Currency […]
US equity markets traded at record levels in April due to stronger-than-expected corporate earnings and additional monetary policy easing in China. However, weak US manufacturing, durable goods orders and GDP data caused equity markets to retract toward the end of the month. US economic growth nearly stalled in the first quarter, expanding at a modest […]
Washington, DC 4/28/15—OpGen has announced in a filing with the SEC that it plans to complete its IPO at a price of $5.50–$6.50 per share (see IBO 3/15/15). The company expects to offer 2.5 million shares. At a share price of $6.00, the offering would raise $12.8 million or $14.8 million if underwriters exercise their […]
Company Announcements In January, Shimadzu opened a subsidiary in Malaysia with 44 employees. The company also plans to establish a manufacturing facility for Analytical and Measuring Instruments and an applications lab at the location. The new plant is expected to begin operation in December 2016. Local distributors will still be utilized for XRF spectrometers, optical […]
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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.
