In the first quarter of 2008, revenues for IBO’s Laboratory Instrument Sales Index grew 11.4% to $4,557 million. Operating profit jumped 14.3% to $758 million, and operating margin climbed 40 basis points to 16.6% of sales. Acquisitions and favorable currency effects continue to positively impact revenue growth and operating results, particularly for companies such as […]
This month, the markets were extremely resilient, as they shrugged off profuse negative economic data to finish the month in positive territory. For the first time since October 2007, the Dow Jones Industrial Average, S&P 500 and NASDAQ all finished higher, improving 4.5%, 4.8% and 5.9%, respectively. Investors seemed primarily focused on several positive earnings […]
San Diego, CA 4/3/08; Santa Clara, CA 4/14/08—Leading microarray provider Affymetrix has reduced its 2008 revenue guidance by approximately 3% to $409–$510 million from $505–$525 million, which would result in sales growth of 10%–37%. The company attributed the reduction to its expectations for lower research spending by pharmaceutical and industrial customers and stated it is […]
Fourth-quarter sales for the Lab Equipment/Consumables Index gained 9.8% to $865 million, while operating profits improved 15.7% to $243 million. Operating margin for the same period improved 150 basis points to 28.1% of sales. For the year, Index sales rose 11.0% to $3,284 million, operating profits increased 20.3% to $700 million and operating margin jumped […]
Woburn, MA 4/1/08—BioTrove, a supplier of microfluidic-based laboratory instruments for genomic analysis, has filed with the SEC for an IPO of its common stock on the NASDAQ exchange. Pricing and timing details are yet to be determined. The company sells the Open Array system for multiplex PCR analysis in research and diagnostic applications, and the […]
The analytical and life science instrument industry has a new number one company. As a result of the acquisition of Fisher Scientific in November 2006 (see IBO 11/15/06), Thermo Fisher Scientific overtook Applied Biosystems in 2007 to become the world’s largest provider of analytical and life science instruments and aftermarket products, based on IBO’s calculations. […]
Company Announcements Mut AG acquired 51% of tec5 AG in December 2007 for approximately €2.7 million ($3.7 million). Tec5’s estimated 2007 revenues are €5.5 million ($7.5 million). Aspectrics appointed Qwest Scientific Group its exclusive distributor for the Pacific Southwest and Pacific Northwest US. Aspectrics named Scientific Support Services as its exclusive UK and Irish distributor. […]
The new National Authority for Scientific Research (NASR) will receive AED 100 million ($27 million) per year from the UAE government. Part of the Ministry and Higher Education and Scientific Research, the NASR was started in order for the UAE to be recognized by the international scientific community and to promote scientific research through cooperation […]
Company Announcements In January, Axela signed a North American distribution agreement with VWR for its dotLab system and reagents. BioForce Nanosciences President and COO Kerry Frey was named president and CEO in January, and former CEO Eric Henderson was named to the newly created position of chief science officer. OpGen appointed Noel Doheny CEO in […]
According to the “2008 Pharmaceutical Industry Profile” released by the Pharmaceutical Research and Manufacturers of America (PhRMA), R&D spending by PhRMA-member companies rose 2.5% to $44.530 billion in 2007. Member companies’ 2007 sales increased 6.6% to $271.515 billion. As a result, R&D as a percentage of sales was 16.4%, down from 17.1% in 2006. In […]
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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.
