According to IMS Health’s 2008 “Global Pharmaceutical Market and Therapy Forecast,” the global pharmaceutical market will grow 5%–6% in 2008 to total $735–$745 billion. This is down from the 6%–7% growth forecasted for 2007. One of the most notable developments in 2008 will be the rise of the so-called “pharmerging” markets: China, Brazil, Mexico, South […]
Spurred by the likelihood of rising fuel demand in developing economies and increasingly stringent regulations for carbon dioxide emissions in developed economies, several of the leading oil producers have been investing heavily in partnerships with universities for biofuel research. The most substantial of these investments is $500 million from BP for a 10-year consortium among […]
This year’s product safety controversies have affected manufacturers, regulators, consumers and laboratories alike. Manufacturers have increased product testing, while new regulatory efforts, by both governments and industry, have renewed calls for reform and scrutiny of the current system in multiple countries. Although it is too early to ascertain the exact effect of these efforts on […]
The Secretary’s Advisory Committee for Genetics, Health and Society (SACGHS), a section of the Health and Human Services department, has released a draft report of its investigation of the oversight systems for genetic testing, including its recommendations for improving these systems. The report calls for the development of enforcement methods against labs performing genetic tests […]
The Society for Biomolecular Sciences’ (SBS) Symposium, “Back to Pharmacology: Stem Cells and Primary Cells in Drug Discovery,” was held on November 8 and 9 at the Anaheim Marriott Hotel in Anaheim, California. It was one of SBS’ small symposia focused on specific topics that the organization has been holding for a number of years […]
M.u.t. AG, a provider of spectrometer, lab automation and OEM solutions, issued its IPO in July on the Entry Standard segment of the German Stock Exchange at €10.25 ($13.88) per share to raise €10.2 million ($13.8 million). In the first half of 2006, the company reported revenues of €6.37 million ($8.63 million). Electronic components company […]
In 2006, demand for oil in Asia increased by 336,000 barrels per day (Mbpd). Consumption of oil products in Asia is projected to grow by 2.8% per year between 2007 and 2012, or 4.24 million barrels per day (MMbpd). Between 2007 and 2012, Chinese demand is forecasted to rise 5.2%, or 400–420 Mbpd, a year […]
According to Booz Allen Hamilton’s third annual report on the “Global Innovation 1000”—the 1,000 largest corporate R&D spenders—R&D spending increased 10% in 2006 to $447 billion. Booz Allen Hamilton estimates that the Global Innovation 1000 accounted for 84% of total corporate R&D and 52% of all R&D spending last year, which was estimated at $540 […]
The Indian government plans to create a food safety agency by the end of the year. The agency will set standards for pesticides, additives, organic food and hygiene for both domestically produced and imported food. In addition, the agency will be responsible for establishing recall procedures. Current food testing policies in India are not enforced: […]
The metabolome is the full set of metabolites—the chemical fingerprints left behind by cellular processes—in an organism. The pharmaceutical industry is particularly interested in the potential of metabolomics research, because metabolites can serve as biomarkers for disease states and drug efficacy, and they can reveal toxicity during the drug discovery process. Metabolomics offers instrument manufacturers […]
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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.
