Brazil’s São Paulo Research Foundation (FAPESP) will invest $680 million in 17 Research, Innovation and Dissemination Centers over 11 years. The FAPESP previously funded 11 centers. The FAPESP will provide 54% of the funds, which come from the 1% of São Paulo state’s tax revenues it receives, and 45% will come from six state universities […]
Venture capital (VC) investments in biotechs, defined as biomedicine firms, fell 13.6% to a nine-year low of $3,152 million in 2012, according to data from BioCentury. US financing declined 4%, while European financing plummeted 31%. Of the 235 rounds of financings for “innovative biotech,’’ only 11 were for start-ups. Product development–stage firms garnered the largest […]
The International Energy Agency’s (IEA) Medium-Term Oil Market Report, released in May, states that North American production related to shale gas, light tight oil (LTO) and oil sands is expected to affect all aspects of the oil supply chain over the next five years. Among non-OPEC producers, North American supply is forecast to grow by […]
Food safety will have the most impact on R&D strategies this year, according to 47% of the 514 food and beverage processors that responded to the annual Food Processing R&D survey, which was conducted in March. “Contributing to cost reduction” and “organic/natural” were the top answers for 23% and 10% of respondents, respectively, when asked […]
US equity markets remained bullish in May despite soft economic growth. First quarter GDP was revised down slightly from 2.5% to 2.4% due to lower inventory investments. However, accommodating monetary policies both domestically and abroad continued to fuel equity prices. The Dow Jones Industrial Average, S&P 500 and NASDAQ climbed 1.9%, 2.1% and 3.8% in […]
Matthews, NC 5/9/13; Matthews, NC 5/13/13; Uppsala, Sweden 5/13/13—CEM announced that its European Patent No. 1,491,552 covering microwave-assisted solid phase peptide synthesis was upheld in an oral proceeding at the European Patent Office (EPO), following a word change for clarification. CEM stated that the opposition proceeding was initiated by Biotage in an attempt to revoke […]
Seattle, WA 5/30/13; Washington, DC 5/20/13—NanoString Technologies has filed a registration statement with the SEC for a proposed IPO of its common stock. The company’s nCounter Analysis System digitally quantifies the activity of up to 800 genes simultaneously in one experiment using a novel barcoding chemistry. Research applications include gene expression, single-cell gene expression, miRNA […]
Los Angeles, CA 5/10/13; Los Angeles, CA 5/31/13—OpenGate Capital, which last year acquired Thermo Fisher Scientific’s Laboratory Workstation business (see IBO 10/31/12), has filed suit against Thermo in the US District Court for the Central District of California. OpenGate alleges that Thermo “engaged in a scheme to induce the sale of the Hamilton Entities to […]
New York, NY 5/21/13; Washington, DC 5/21/13—Reuters has confirmed that Sigma-Aldrich and Roche partnered to bid for the purchase of Life Technologies (see IBO 4/15/13, 4/30/13), with Roche planning to acquire Life’s sequencing business. In Life’s SEC proxy filing for the acquisition (in which Strategic Party A is Sigma and Strategic Party B is Roche, […]
The calendar-year first quarter proved challenging for some major publicly held instrument and laboratory product companies. In general, industrial end-markets were soft, US and European academic and government spending remained constrained, and a weaker yen hurt sales and profitability. In addition, Bruker and PerkinElmer experienced unexpected events related to operational issues and weaker-than-expected sales in […]
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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.
