Hong Kong 12/21/11; Hong Kong 12/30/11—Analytical instrument maker and distributor Techcomp began trading its shares on the Main Board of the Hong Kong Stock Exchange on December 21 (see IBO 3/31/11) through a transfer of existing shares. This is a dual listing for the company, whose shares also trade on the Singapore Stock Exchange. As […]
In order to meet increasing demands for safety and cost effectiveness, more drugs are being developed with diagnostic tests to target specific patient populations. This summer, the FDA issued guidelines for drug and diagnostic combinations, and the FDA approved two such products: Xalkori for lung cancer and Zelboraf for treating melanoma. The Personalized Medicine Coalition […]
Washington, DC 12/30/11; New York, NY 12/30/11—Affymetrix disclosed in a regulatory filing that Tang Capital Partners has filed a class action suit in Santa Clara Superior Court against the company in connection with its acquisition of eBioscience (see IBO 11/30/11). Tang Capital Partners is a holder of the company’s 3.50% Senior Convertible Notes Due 2038. […]
Santa Clara, CA 12/21/11—Agilent has acquired PVR, an Italian vacuum pump manufacturer, for an undisclosed amount. PVR’s product portfolio includes rotary vane vacuum pumps for the industrial market and oil-free micro pumps, rotary lobe vacuum pumps, dry rotary claw vacuum pumps, central vacuum systems, and vacuum accessories for the food, paper, chemical and other industries. […]
San Diego, CA 12/27/11—Illumina has filed suit against Life Technologies alleging patent infringement of US Patent No. 7,060,431 entitled, “Method of Making and Decoding of Arrays Sensors with Microspheres,” by the Ion Personal Genome Machine (PGM) and Ion OneTouch System. Illumina is seeking a permanent injunction and damages. The suit was filed in the US […]
Port Washington, NY 12/19/11—Filtration, separation and purification solutions provider Pall has signed a definitive agreement to acquire ForteBio for an undisclosed amount. ForteBio is a developer of label-free protein analysis instruments, including the Octel products based on BioLayer Interferometry technology. “BioPharmaceuticals continues to be the engine of our Life Sciences business and an important long-term […]
On December 23, President Obama signed into law an omnibus bill that will support the government for the rest of fiscal 2012. The final appropriations bill included funding for the NIH, the Department of Energy (DOE), the Centers for Disease Control and Prevention (CDC), the FDA and the EPA. Like the fiscal 2012 budgets for […]
Global equity markets slumped in 2011 with the exception of the US. The European sovereign debt crisis and natural disasters led the majority of Asia Pacific and European stock indexes down by double digits. US stock markets experienced similar volatility but ended the year with mixed results. Positive earnings reports lifted US equity prices in […]
Fluorescence correlation spectroscopy (FCS) is a relatively new subsegment of the fluorescence spectroscopy market designed for advanced research. FCS can provide very specific physiochemical information that is most useful in biology and related sectors. Technical advancements in recent decades have allowed the technique to be developed as a commercial instrument technique that is still in […]
Soon after releasing its “Autumn Statement” in November, the UK unveiled its “Strategy for the UK Life Sciences.” The reports detail the UK’s plans for furthering economic growth and encouraging foreign investment. The “Strategy for the UK Life Sciences” outlines plans to benefit the industry. The government has designated £310 million ($500 million = £0.62 […]
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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.
