Billerica, MA 1/7/10; San Diego, CA 1/12/10; San Francisco, CA 1/13/10; Hopkinton, MA 1/14/10—Three instrument companies have announced preliminary revenue guidance for the fourth quarter of 2009. Illumina stated that it expects fourth-quarter sales of $176 million, compared to earlier guidance of minimum sales of $165 million. As a result, 2009 revenues are expected to […]

In 2009, the world economic downturn exposed a fragile and unregulated global financial system. Virtually every economy was impacted by the collapse of the financial system, as the Morgan Stanley Capital International (MSCI) All-Country World Index fell 24.1% during the first quarter of 2009. However, a concerted effort by international governments to support the credit […]

Company Announcements In August, plaintiffs dismissed their class action suit against VWR alleging the sale of chemicals to Saddam Hussein’s regime that were later used as weapons (see IBO 7/31/09). In October, the same action against Thermo Fisher Scientific was dismissed. Bruker Energy & Supercon Technologies announced the election of three new directors to expand […]

Third-quarter 2009 Life Science Index sales grew 1.0% to $2,357.62 million. Operating profit climbed 10.9% to $420.02 million, and operating margins gained 160 basis points to 17.8% of sales. Affymetrix’s third-quarter revenues fell 4.0%, 2.5% on a currency-neutral basis, to $78.2 million due to lower instrument sales. Product revenue improved 0.3% to $66.2 million, including […]

The US National Science Foundation (NSF) recently released its updated “NSF Survey of Federal Funds for Research and Development FY 2007–2009” (see IBO 2/15/08 for fiscal 2008 projections) detailing the R&D spending and “R&D plant” spending by 27 federal agencies for fiscal 2008 and fiscal 2009. R&D plant expenditures are spending for facilities construction, acquisition […]

This month, the US Congress passed the appropriation bills for fiscal 2010 (October 1, 2009 to September 30, 2010) for several US government agencies including the National Science Foundation (NSF), Department of Commerce and the Department of Justice (DOJ). The bills now await President Obama’s signature. NSF Excluding American Recovery and Reinvestment Act funding, the […]

The EPA budget, excluding funding for emergencies including repairs and fire prevention, experienced a sharp increase of 35.5% to $10.3 billion for fiscal 2010. The EPA’s Science and Technology appropriation, which supports programs for air quality management focused on vehicular emissions control, climate protection and research in fields including clean air and clean water, increased […]

The US dollar continued to slide in November reaching a 15-month low against the euro. Other factors influencing the markets were better than expected US home sales and a decline in unemployment claims. However, consumer confidence levels and manufacturing activity declined this month. In addition, on November 24, the US Commerce Department revised downward the […]