Expectations for Pittcon were low this year. A worldwide recession and an ailing instrument market tempered any belief that the show’s attendance would rise dramatically. However, the fact that the conference took place in Chicago provided some hope that attendance figures would improve from last year, when the show was held in New Orleans, Louisiana […]
The American Chemistry Council (ACC) has reduced its forecast for US chemical output in 2009. In December 2008, the ACC predicted a 3.1% decline, excluding pharmaceutical chemicals, which has now been revised downward to an 8.7% decrease. Total US chemical production is expected to decline 5.7% in 2009, after falling 3.5% last year. US production […]
The Information Technology and Innovation Foundation (ITIF) reports that Singapore, Sweden, Luxembourg, Denmark and South Korea are the most competitive and innovative nations out of the 40 nations/regions examined. The study is based on 16 indicators in six categories: human capital, innovation capacity, entrepreneurship, IT infrastructure, economic policy and economic performance. The US ranks sixth, […]
Nearly half of life science companies plan to focus on “breakthrough products and niche markets” in order to mitigate R&D risk, according to a survey by Deloitte Touche Tohmatsu and the Economist Intelligence Unit. The survey is based on responses from 360 life science industry executives from healthcare services (23% of respondents), pharmaceutical R&D (22%), […]
At this year’s Pittcon, IBO sat down with executives from four major analytical instrument providers to discuss current market conditions and strategies. Each executive acknowledged that this was a difficult time for the instrument market. As Dr. Rohit Khanna, vice president of Worldwide Marketing for the Waters Division of Waters Corporation, stated at the company’s […]
The International Service for the Acquisition of Agri-Biotech Applications (ISAAA) reports that the world’s hectarage of biotech crops increased 19.4% to 125 million hectares in 2008. Cropnosis estimates that the market value (based on the sale price of the seed and technology fees) of biotech crops grew 8.7% in 2008 to $7.5 billion to account […]
Following Pfizer’s plan to acquire Wyeth and Roche’s bid for Genentech, other big pharmaceutical firms may be considering major acquisitions. Sanofi-Aventis is reported to be interested in purchasing Bristol-Myers Squibb (BMS). The companies currently comarket Plavix. However, BMS’s future patent expirations and changes in leadership at Sanofi-Aventis could deter the deal. Merck & Co. has […]
According to a December 2008 survey by Clinical Laboratory News, the US recession is taking a toll on clinical labs. The e-mailed survey received 254 responses with 63%, 20% and 16% of respondents representing hospital labs, academic medical centers and reference labs, respectively. Thirty-three percent of survey respondents indicated that their labs’ budgets had been […]
The FDA’s Center for Drug Evaluation and Research approved 21 new molecular entities (NMEs) in 2008, up from 16 the year before. Three biologic license applications (BLAs) were approved, compared to two in 2007. Three of the NMEs and one of the BLAs were delayed approvals. The drugs with the fastest approval times tend to […]
The US Consumer Products Safety Commission (CPSC) has delayed by one year the enforcement of certain requirements of the Consumer Product Safety Improvement Act (CPSIA), which were to take effect on February 10. The CPSIA implements new certification and testing requirements for products, including toys and other products for children under 12. The limits on […]
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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.
