Japan has set April 2015 as the date for the establishment of the Japan Agency for Medical Research and Development (A-MED), an agency like the NIH, which will provide funding for health and medical research. Although not yet a physical entity, A-MED received a fiscal 2014 (ending March 2015) budget of $2.13 billion. The new […]
The China Food and Drug Administration (FDA) no longer requires animal testing on “ordinary” cosmetics, which include shampoos and some skin-care products. Instead, manufacturers may conduct tests on tissue culture or use known information on ingredients to determine product safety. However, the government specified that provincial regulators of food and drugs must test new products […]
Foreign direct investment (FDI) in Latin America and the Caribbean increased 5.1% in nominal terms in 2013 to $184,920 million. Six countries accounted for 82% of FDI, led by Brazil, whose FDI declined 1.8% to $64,046 million. FDI rose 117.2% for Mexico, the second-largest recipient, to $38,286 million due to the acquisition of beer maker […]
An amendment to the German constitution will allow universities and researchers to receive direct and permanent federal funds, thus providing them with more secure funding. Presently, university budgets comprise mostly local government funding, and the federal funds universities receive can be used only for certain expenses. The federal government’s annual contribution to research funding is […]
Biotechnology in Taiwan is booming, with the number of companies growing by 188.6% to 83 and capitalization increasing by 360.0% to $21.13 billion from 2009 to 2103. Over the last 15 years, the government has contributed $100–$200 million annually to biotech, facilitating the shift from clinical trials of foreign-developed drugs to drug discovery within Taiwan. […]
In 2012, the EU’s food and drink industry’s revenues grew 3.1% to €1,048 billion ($1,344 billion). The five largest industry subsectors in order of revenues were meat products, “various food products,” drinks, dairy products, and bakery and farinaceous products. The largest EU food and drink producers by revenue were Germany, France, Italy, the UK and […]
China’s government has revised its Environmental Product Law, which was last updated in 1989, and will take effect in January 2015. In contrast to the previous version, which situated environmental protection in the context of economic and social development, the latest update specifies environmental protection as a primary goal. The new law implements a system […]
This month, Australia announced its 2015 budget, the first budget presented by the new conservative prime minister. Funding for several research agencies will decline, including an AUD 111.4 million ($103.0 million) cut for the Commonwealth Scientific and Industrial Research Organization, and AUD 120 million less for the Defense Science and Technology Organization. Funding for the […]
Annual growth of India’s pharmaceutical exports will be less than previously expected as a result of actions by the US FDA. Exports in 2013 totaled $14.6 billion and were expected to continue their trajectory of 10% growth. However, growth for the 10 months ending in January was about 3%, with revenue reported at $12.4 billion […]
The Chinese Ministry of Environmental Protection and the Ministry of Land and Resources released the results of a survey of land across the country, covering approximately 630 km2. Conducted from April 2005 to December 2013, the survey showed 16% of China’s soil is polluted. The soil is considered slightly polluted in 11% of the country, […]
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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.
