: Last month, the Chinese legislature passed a revision of its 1993 Science and Technology (S&T) Progress Law. According to the revised law, China’s overall R&D spending in the public and private sectors should increase steadily each year. Current plans state that China’s R&D spending will account for 2.5% of its GDP by 2020. The […]
Quality Systems International opened a French office in Cergy Pontoise. Integromics established a US office in Philadelphia, Pennsylvania. Metamatics changed its name to Torrey Path. Compendia Bioscience named cofounder Dan Rhodes, PhD, CEO in October 2007. Thermo Fisher Scientific launched the CARES (Customer Allegiance through Responsive, Excellent Service) Initiative, an internal process improvement initiative for […]
East Hills, NY 1/29/08—Pall announced that it has completed its inquiry of the understatement of US federal income tax payments and the provision for income taxes from 1999 through 2006 (see IBO 8/31/07). The company found intercompany balances were due primarily to the sales of products by Pall Netherlands to Medsep, resulting in dividend income […]
The Russian Cabinet approved a plan (see IBO 5/31/07) to increase sales in Russia’s nanotechnology sector from RUB 7 billion ($273.9 million) in 2007 to RUB 900 billion, or 3% of the global nanotechnology market, by 2015. The plan will support research and increase the number of businesses involved in the sector. At present, there […]
Despite a rally on the final trading day of the month triggered by two interest rates cuts and an economic stimulus package from the US government, the Dow Jones Industrial Average, S&P 500 and NASDAQ experienced one of their worst declines in the month of January in years, falling 4.6%, 6.1% and 9.9%, respectively. The […]
Analytik Jena AG opened a London, UK, office. Fiscal 2008 revenues for Analytik Jena AG rose 3.0% to €69.3 million ($92.4 million) (see IBO 1/15/08). Instrument sales increased 16.2% to €43.1 million ($57.5 million). By segment, Analytical Solutions grew 13.3% to 47% of total sales, Bio Solutions increased 9.9% to 5%, Optical Solutions rose 35.1% […]
Palm Springs, CA 1/27/08—Thermo Fisher Scientific has acquired nAscent Biosciences, a supplier of liquid handling consumables for drug discovery screening. NAscent’s PocketTip pipette tip features nanoliter metering and microliter diluting and can be used with a variety of liquid handling systems and handheld pipettors. According to Timo Hilden, vice president and general manager of Thermo […]
Dendritics SAS appointed Imgenex the exclusive distributor of its monoclonal cell research antibodies in North America and India. Cell Signaling Technologies is offering a noncommercial, royalty-free license to its PhosphoScan Profiling technology and information from its PhosphoSite knowledgebase to academic and nonprofit institutions. Exiqon A/S granted Applied Biosystems a license to its Locked Nucleic Acids […]
With the US Congress having completed its work for 2007 without reauthorizing the R&D tax credit, thousands of companies can expect tax increases in 2008. The R&D Credit Coalition estimates that the credit is equal to an average of six cents for every R&D dollar. Eleven thousand companies currently claim the credit, which saved businesses […]
Although the previous categories discussed cover a large portion of the techniques provided by the analytical and life science industry, there are a number of techniques that do not easily aggregate into a single category. These include lab balances, pH meters and electrodes. Likewise, instruments used for specimen preparation, such as centrifuges and extraction and […]
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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.
