TraceGuard Technologies signed a letter of intent with Smiths Detection to cooperate in marketing its CompactSafe Automated Trace Extraction system. TraceGuard Technologies appointed Avi Kostelitz CEO in January. He was formerly CEO of the Israel Airports Authority. As part of a management buyout, Midwest Research Institute made a $1.3 million investment in biological detection firm […]
Sepax Technologies is constructing a 100,000 sq. ft. Chromatography Science building in Changzhou, China to be completed in June 2008 for the production of columns, silica chemistry, polymer resin, bulk media and instruments, as well as for research of natural product separations and Chinese medicine. On January 1, Seika Corporation of America changed its name […]
The United States Council for Aid Education’s Voluntary Support of Education (VSE) survey, which tracks data from 1,023 institutions, reports that charitable contributions to US colleges and universities increased 63% in 2007 to $29.75 billion. Twenty institutions raised $7.66 billion in total for 2007, making up 25.8% of all contributions to colleges and universities. The […]
Chemical firms will increase their capital spending 8.6% to nearly $8.8 billion, according to an early February survey of 17 companies by Chemical & Engineering News (C&EN). For 2007, C&EN reports that the actual capital spending of the 18 companies surveyed increased by 13.2% to $8.1 billion. Survey results from 14 companies indicate R&D spending […]
Fourth quarter 2007 Life Science Index sales rose 14.4% to $2,419 million, while operating profit jumped 29.8% to $445 million. Operating margins improved 220 basis points to 18.4% of revenues. Year-over-year Life Science Index sales increased 12.5% to $8,651 million. Operating profit grew 23.2% to $1,357 million, and operating margins increased 140 basis points to […]
Mobious, which is developing molecular resonance sequencing technology, joined the X Prize competition last year (see IBO 12/31/07). Covaris entered into a supply and distribution agreement with Applied Biosystems for its S2 sample preparation instrument system for use with Applied Biosystems’ SOLiD DNA sequencer. Microfluidics developer RainDance Technologies appointed Christopher McNary president and CEO. He […]
Blossom Associati and Assobiotec report that since 2000 the Italian biotech industry has grown 7% on average, adding about 15 new companies per year. Sales of Italian biotech products and licensing operations have reached $5.5 billion, or 0.04% of the Italian GDP. From 2006 to 2007, the value of the country’s biotech market increased 19.3%. […]
Abeome granted Millipore an exclusive worldwide license to market and distribute the Human Embryonic Stem Cell Antigen-1 antibody for research use. In December 2007, EMD Chemicals’ Novagen brand licensed Luminex’s xMAP Technology platform in order to develop immunoassays for it. Rules-Based Medicine granted EMD Chemicals exclusive distribution rights to its quantitative protein multiplex assays, and […]
Grant Instruments is manufacturing the OVG-4 vapor generator for Owlstone Nanotech. Twenty-two units have been sold as of October 2007. In December 2007, Binder GmbH announced the establishment of an independent subsidiary in Asia, based in Kuala Lumpur, Malaysia, with eight employees. Binder aims to grow its Asian business to 35% of sales by 2013. […]
The final trading day in February ended with a sharp decline across major US and international stock indexes. The Dow Jones Industrial Average, S&P 500 and NASDAQ declined 2.5%, 2.7% and 2.6%, respectively, while the Asia-Pacific and European equity markets ended broadly lower. The continued negative US economic data, including inflationary pressure, rising oil prices, […]
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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.
