US equity markets recorded positive gains in January due to improved consumer sentiment, strong manufacturing data and the Fed’s announcement that it will maintain exceptionally low rates through late 2014. In addition, China reported better-than-expected fourth-quarter growth, which climbed 8.9%. As such, the Dow Jones Industrial Average, S&P 500 and NASDAQ climbed 3.4%, 4.4% and […]

Seeking to solidify its position in the personalized health care market and add to its research instrument business, on January 25, Roche announced a $5.7 billion unsolicited proposal to acquire Illumina (see page 2). The announcement further bolstered expectations surrounding the use of post-Sanger sequencing, especially next-generation sequencing, in clinical and in vitro diagnostic (IVD) […]

Academic and Government Spending Concerns In 2011, concerns about cuts to the NIH budget and European governments’ research spending kept instrument and lab product companies on edge, affecting sales growth and operations, especially at life science companies. Uncertainty about budget changes froze spending at some US labs, while cutbacks affected labs in certain European countries. […]

This year proved to be difficult for lab product– and instrument-related IPOs (see table). The year’s largest debut was Fluidigm (see IBO 2/15/11). Jiangsu Skyray Instruments listed on the Shenzhen Stock Exchange’s ChiNext Market (see IBO 1/31/11), Microsaic Systems listed on the London Stock Exchange’s AIM Market (see IBO 4/15/11), and Norton Scientific debuted in […]

Company Announcements On October 15, Bernd Brust resigned as president of Molecular Medicine at Life Technologies. Illumina named Dr. Daniel S. Grosu, MD, to the newly created position of vice president and chief medical officer in late October. He was previously group director, Clinical Science, Clinical and Medical Affairs at Ortho-Clinical Diagnostics. On October 31, […]

Company Announcements CPI International named General Manager Jarrett Wendt president and CEO in October. In October, BioSurplus opened a sales office in Incheon, South Korea, in partnership with jDepot. In October, Agilent and the Agilent Technologies Foundation selected Steven Carr, PhD, who directs the Proteomics Platform at the Broad Institute of MIT and Harvard, for […]