For the first time in three years, Canada’s industrial R&D spending is expected to rise, increasing 0.9% to CAD 15.5 billion ($15.9 billion) in 2012. Spending by the manufacturing sector is estimated to increase 3.1% to account for 49% of total industrial R&D investment. Spending on aerospace products and parts, and drug manufacturing is expected […]
In 2011, China’s oil and chemical industry’s gross output value grew 31.5% to CNY 11.3 trillion ($1.7 trillion). The industry’s gross output value of imports and exports rose 32.3% to $607 billion. The China Petroleum and Chemical Industry Federation forecasts industry output to grow 14.5% in 2012, with profits rising 5% to CNY 860 billion. […]
Sweden’s Research and Innovation Bill will provide SEK 11.5 billion ($1.7 billion) in additional funds from 2013 to 2016, expanding funding from SEK 1.7 billion in 2013 to SEK 4.0 billion in 2016. Universities, the life sciences, research for new products and services, and research facilities will receive SEK 4.3 billion, SEK 2.1 billion, SEK […]
A new UK system will link patient records with other health records to provide researchers with more comprehensive data. The Clinical Practice Research Datalink (CPRD) will allow scientists to compare patient records with information from sources such as disease registries and genetics databases, and eventually the UK Biobank, social care records and pollution information. The […]
The second of IBO’s biannual new laboratory roundup focuses on new academic and environmental labs, along with companies expanding their lab presence in Europe. In addition, the table on page 3 highlights plans for new CRO, pharmaceutical and semiconductor labs. Three major chemical firms have recently announced labs in Europe. Dutch chemical company Royal DSM […]
Australian businesses’ expenditures on R&D (BERD) grew 6.6% in current prices in 2011 to AUD 17,880 million ($18, 433 million), compared to a 6% decrease in 2010. Manufacturing, mining; financial and insurance services; and professional, scientific and technical services accounted for 27%, 21, 15% and 15% of BERD respectively. The BERD for the respective industries […]
India’s INR 60,000 crore ($11 billion) drug market is growing 17%–20% annually, but domestic drug companies face new challenges to their businesses. The country’s National Pharmaceutical Pricing Policy has announced new price reductions for 276 drugs, which is expected to affect margins for both local and international drug makers. In addition, reductions in income taxes […]
The European Research Council (ERC) announced this month the selection of 536 researchers to receive nearly €800 million ($1 billion) in “Starting Grants,” which are designed to fund researchers early in their careers. Each grant awards up to €2 million per project over five years. The number of researchers receiving grants increased 11.6% from 2011. […]
The world’s 11th largest economy, South Korea is forecast to grow 3.3% this year, according to the country’s Finance Ministry. The economy is expected to grow 4.3% in 2013. The domestic market, which the World Economic Forum defines as GDP plus the value of imports, is currently ranked 12th in size among 142 countries, while […]
In an effort to combat slowing economic growth, a handful of major Chinese cities are planning substantial investments. According to the Tianjin Daily, Tianjin has announced it will “preliminarily” complete a four-year, CNY 1.5 trillion ($237 billion) investment plan in 10 industries. According to the Xinhua news agency, Chongqing also intends to spend CNY 1.5 […]
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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.
