Company Announcements In May, Dotmatics named LABINDIA as a distributor. Bluebee raised $1.9 million to commercialize its cloud-based distributed computing system for genomics. Cypher Genomics announced a collaboration with Celgene to discover novel genomic biomarkers. Dassault Systèmes is coleading the second phase of the French government’s Industry of the Future project to digitally transform industry. […]
Company Announcements N-of-One signed a business partner agreement with Affymetrix in May to provide CNV analysis interpretation for Affymetrix OncoScan assay customers. KromaTiD announced a distribution agreement with Tokyo Future Style for Japan. Sigma-Aldrich entered into an agreement with XCell Science to launch genetically engineered human neural-differentiated cells and accompanying culture media for neurological disease […]
Company Announcements In June, China-based Annoroad and Illumina announced an agreement to jointly develop advanced clinical applications for reproductive health based on NGS, including a user friendly, prenatal DNA diagnostic system. A*STAR Genome Institute of Singapore established a strategic joint lab initiative with Pyrobett, a Singapore-based joint venture of BMS and QIAGEN, to develop a […]
The UK government’s expenditures on science, engineering and technology (SET) in 2013 were £10.9 billion ($17.0 billion), an increase of 9%. In constant prices, the increase was 7%. SET spending accounted for 0.64% of GDP in 2013. Research Councils spent 33% of the total, followed by civil departments and Higher Education Funding Councils, at 25% […]
With oil prices dropping along with the industry’s slow or even negative growth, Latin America’s 2015 tax revenues from oil exploration production and processing are expected to fall overall, declining by 1.0%–1.5% of GDP for Bolivia, Ecuador and Mexico. Revenues from Colombia and Peru’s oil industries are also forecast to decline. The region has not […]
The European Commission agreed this month to increase funds for InnovFin, the program supporting research projects considered to be high risk and that might otherwise not receive financial backing. The €750 million ($815 million) in funds through the European Investment Bank and European Investment Fund would be used to increase the availability of loan guarantees […]
The steel industry is experiencing globalization, with causes including excess production capacity, the highest of which is in China. Worldwide growth in steel demand slowed to 0.6% in 2014, with 0.5% growth in demand predicted by the World Steel Association in 2015. Correspondingly, in 2014, global steel production experienced a slowdown in growth to 1.2%. […]
Seven federal agencies—the Department of Defense (DOD), DOE’s National Nuclear Security Administration (NNSA), FDA, NIH, NIST, NSF and Department of Veterans Affairs (VA)—conducted or funded research in regenerative medicine from fiscal 2012–14 (FY12–14). The agencies invested about $2.89 billion in the research during this time, with the NIH accounting for about 88% of this spending. […]
The oil industry continues to cut costs as crude oil prices remain depressed. The cuts are now spreading to oil producers, having initially affected oilfield service companies starting a year ago. Graves & Co. estimates that the oil industry has shed more than 150,000 jobs. Providers of oilfield services and drilling contractors have accounted for […]
Major US equity markets traded higher in July despite mixed corporate earnings, soft economic data and China’s plunging stock market. While the Federal Reserve quantified a more positive economic outlook, second quarter US GDP estimates fell below expectations. Second quarter GDP growth expanded 2.3% versus a consensus of 2.9%. However, first quarter US GDP growth […]
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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.
