San Diego, CA 10/5/15—Illumina has announced third quarter sales of $550 million, 3% lower than expected, due to softer demand for desktop sequencers, and weaker sales in Europe and Asia Pacific. As a result, the company revised its full-year sales guidance downward from 20% growth to 18% growth, or a 21% increase in constant currency. […]
The 65th annual meeting of the American Society of Human Genomics (ASHG) was held October 6–10 in Baltimore, Maryland. The event attracted 7,866 attendees, including 6,242 scientific attendees (nonexhibitors), a 6.7% decrease from the 2014 show, which was held in San Diego, California (see IBO 10/31/15). Two hundred forty-three companies exhibited, compared with 240 last […]
Company Announcements Rubicon Genomics completed a $2 million growth capital financing in July. Company sales grew 40% in the first half of the year. In July, Oxford Nanopore Technologies raised £70 million ($109 million) in new funding through a private placement of ordinary shares, bringing its total funds raised to £251 million ($392 million). In […]
Providence, RI 9/13/15; Providence, RI 9/15/15—Golocalprov.com reported on September 13 that Nabsys, a developer of DNA sequencing technology based on semiconductor technology, had closed. The website reported that, according to witnesses, the firm’s offices had been closed for over a week. The Providence Journal reported on September 15 that stockholder and former employee John Thompson, […]
Begbroke, UK 9/3/15; Nottingham, UK 9/3/15; Oxford, UK 9/10/15—Genetics research solutions firm Oxford Gene Technology (OGT) has sold its NGS services business to Source BioScience, a provider of lab services and products, for an undisclosed amount. As part of the agreement, OGT has licensed its analysis software to Source. “OGT’s genomics products portfolio has been […]
Company Announcements Thermo Fisher Scientific announced in July a partnership with the CDC’s Special Bacteriology Reference Laboratory and the development of the MicrobeBridge software platform to seamlessly connect Sanger sequencing to the MicrobeNet database. Thermo also plans to develop compatible software for its NGS and MS platforms. In June, Contextual Genomics and Canada’s Personalized Medicine […]
The nonprofit Center for Medical Technology Policy’s Green Park Collective, a multistakeholder forum, has released a draft of its initial guidelines for insurance coverage of NGS-based oncology testing. The guidelines recommend coverage of NGS panels of 5–50 genes that include a subset of genes that “are considered to be standard of care and medically necessary […]
Washington, DC 8/24/15—Life science technology company RainDance Technologies has withdrawn its SEC registration statement for an IPO, citing market conditions. The company, which provides digital PCR and NGS sample preparation technologies, filed to go public earlier this year (see IBO 3/15/15).
Franklin Lakes, NJ 8/25/15—BD Life Sciences, part of Becton, Dickinson, has acquired Cellular Research for an undisclosed amount. Cellular Research develops products for massively parallel single-cell genetic analysis. Its Molecular Indexing technology measures gene expression profiles in single cells. “The acquisition of Cellular Research, combined with our existing cell sorting technology, will provide our customers […]
Basel, Switzerland 8/19/15—Roche has agreed to acquire Kapa Biosystems for an undisclosed amount. US-based Kapa provides life science reagents for NGS and real-time PCR applications, including enzymes such as novel DNA polymerases. Roche stated that Kapa’s protein engineering technology is customizable, generates large numbers of variants and can rapidly provide enzymes with tailored performance for […]
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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.
