The European Union’s regulations for a wide variety of industries are having an influence far beyond the confines of Europe. In fact, the EU is steadily replacing the US as the primary source for regulatory guidance. Frequently, countries will imitate the EU’s policies outright. In addition, the EU is beginning to influence decisions by international […]
According to a survey by BioSpectrum and the Association of Biotechnology-Led Enterprises published this June, the Indian biotechnology industry grew 30.9% to INR 85.4 billion ($2.1 billion) in Indian fiscal year (IFY) 2006 (ended March 31, 2007), and is expected to reach $5 billion by 2010. Exports grew an impressive 47.0% to INR 49.4 billion […]
The European Chemical Industry Council’s (Cefic) spring economic outlook predicts that EU chemical industry production, excluding pharmaceuticals, will grow 2.7% in 2007, up from 2.1% growth in 2006. In general, high oil prices had less of an effect on the chemical industry than expected and the year started well, with first quarter output rising 3.6% […]
Overall R&D investment by Spain was 1.03% of GDP—roughly half the EU-15 average—in 2005. Some members of the government believe the poor R&D investment is due in part to a lack of Spanish registered patents. To overcome this barrier, a program to stimulate patent registration, which aims to increase the number of European patents registered […]
The Commonwealth Scientific and Industrial Research Organization (CSIRO) will get a total of AUD 2.8 billion ($2.4 billion) over the next four years, according to Australia’s 2007–08 budget, which was released in May. CSIRO’s National Research Flagships program will receive AUD 174 million ($146.7 million) over the next four years. Specific allotments include AUD 60 […]
The Public Population Project in Genomics (P3G), a Montreal-based nonprofit international consortium, will receive CAD 34.5 million ($32.3 million) in funding from the Canadian and Quebec governments, according to an announcement this May. P3G’s budget, which includes investments from international partners, may reach CAD 64.5 million ($60.4 million). The Canadian government expects P3G to improve […]
Pfizer announced that it will spend $300 million on R&D in South Korea by 2012. An initial agreement between South Korea’s Ministry of Health and Welfare and Pfizer for the development of drugs and medical technology was signed on June 13. According to the South Korean government, this is the largest R&D investment by a […]
A new survey by PricewaterhouseCoopers indicates that Asia is likely to become the top market in the world for medicines, and a major center for research and manufacturing. Of the 185 executives from domestic and multinational companies (MNCs) in Asia who were surveyed, 58% believe that the pharmaceutical industry will shift its focus to Asia. […]
The Indian prime minister’s office has assigned responsibility for the Food Safety and Standards (FSS) Act, which will establish a central regulatory body for the food industry (see IBO 8/31/06), to the Union Ministry of Health and Family Welfare. The regulatory body will be created in August or September. According to the Indian government, INR […]
Consulting firm Taratec introduced Intelligent Solutions-LAB, a family of services designed to improve laboratory performance and productivity. It includes Operations Intelligence-LAB, Workflow Intelligence-LAB and Technology Intelligence-LAB. Thermo Scientific Asset Management Services appointed a specialized European team and launched a tailored service solutions with a focus on the UK, Germany, France, Spain, Italy, the Netherlands 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.
