M&A activity among pharmaceutical outsourcing companies in 2006 was rapid. In this highly fragmented industry, consolidation often marked companies’ interest in establishing an international reach. Covalent Group’s acquisition of Remedium Oy is an example of this. Another trend was a shift among private equity firms towards expanding their portfolio outsourcing companies with an eye on […]
According to a survey by Chemical & Engineering News, the 16 chemical firms that gave answers about capital spending will increase capital spending by an average of 7.6% this year. Increases of 28.1% and 16.5% were recorded in 2005 and 2006, respectively. Among the firms, the largest increase in capital investments, 36.4%, will be recorded […]
The editors of R&D Magazine and analysts from Batelle expect that total R&D spending in the US will rise 2.85% to $338.3 billion in 2007. Industry spending is forecast to account for $243.9 billion, a 3.30% increase from 2006, and academia is predicted to do $52.2 billion worth of work on R&D, a 1.83% increase. […]
The global area of biotech crops grew 13% to 102 million hectares (252 million acres) in 2006. The US leads the world, with 54.6 million hectares (134.9 million acres) of biotech crops, followed by Argentina with 18 million hectares (44.5 million acres) and Brazil with 11.5 million hectares (28.4 million acres). India posted the largest […]
According to a report by the Statistics Bureau of Japan’s Ministry of Internal Affairs and Communications, total R&D expenditures for Japanese fiscal year (JFY) 2005 (April 1, 2005-March 31, 2006) were ¥17,845.2 billion ($156.5 billion), up 5.4% from JFY 2004. Of this, natural sciences R&D made up ¥16,472.1 billion ($144.5 billion). R&D was 3.53% of […]
Earlier this month, the FDA gave its recommendations to Congress for the next reauthorization of the Prescription Drug User Fee program. In order to support these changes, the FDA recommends that the annual user fee collections be increased $87.4 million to $392.8 million. The Prescription Drug User Fee Act (PDUFA) of November 1992 first authorized […]
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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.
