The EPA has announced it will set standards for wastewater discharges resulting from coalbed methane extraction and shale gas extraction and issue a proposed rule for each in 2013 and 2014, respectively. Shale gas extraction has grown to comprise nearly 15% of US natural gas production. Wastewater from such extractions cannot be directly discharged into […]
Earlier this month, India’s government announced changes regarding takeovers of Indian pharmaceutical companies by international firms to protect against internationals controlling the sector. Brownfield proposals, which are the proposed pharmaceutical company acquisitions by foreign firms, will be monitored for six months by the Foreign Investment Promotion Board. The Competition Commission of India will establish regulations […]
Among the 1,000 global public companies that invested the most in R&D in fiscal 2010, R&D spending reached $550 billion. The amount is a 9.3% increase from fiscal 2009 and a 5.6% increase from fiscal 2008. Revenues for the top 1,000 companies grew 15% in FY10. The fastest growth rate in R&D spending belonged to […]
Critics of the FBI’s planned upgrade to its Codis system, which generates the individual genetic profiles stored in a national DNA database, shared their doubts at the Promega 22nd International Symposium on Human Identification earlier this month. The FBI has decided to increase the number of genetic markers, known as core loci, Codis uses to […]
Ithaca, NY 10/26/11; Research Triangle Park, NC 10/26/11—Advion, a provider of LC and MS products, has announced the sale of its Biosciences business to Quintiles Transnational for an undisclosed amount. Advion Biosciences provides bioanalytical services. Advion CEO and President David Patteson and Dr. Jack Henion, company chief scientific officer, chairman and cofounder, will remain with […]
Berwyn, PA 10/17/11; Chicago, IL 10/17/11—AMETEK has acquired Reichert Technology for $150 million from private equity firm Beecken Petty O’Keefe & Company. Based in Depew, New York, with annual sales of $55 million, Reichert Technology is manufacturer of analytical instrument and diagnostic devices for the eye care market. “Reichert Technologies is an excellent acquisition, which […]
San Diego, CA 10/25/11; Washington, DC 10/26/11—Illumina announced in its third-quarter earnings release (see page 4) that it has implemented a restructuring program due to the uncertainties surrounding government and academic research funding and the global economic environment. The company expects to record the majority of a $15–$17 million restructuring charge in the fourth quarter. […]
Goettingen, Germany 10/26/11; Helsinki, Finland 10/26/11—Sartorius has agreed to acquire the Liquid Handling business of Biohit for €68 million ($95 million = €0.72 = $1) in cash. The business offers mechanical and electronic pipettes and disposable tips and has 400 employees. In 2010, the business had sales of €37.8 million ($49.7 million = €0.76 = […]
Settlement agreements highlight the second of IBO’s yearly articles on patent infringement litigation involving lab instrument and product companies (see IBO 4/30/11). In addition, new suits involving Agilent, PerkinElmer and Waters were filed. New Litigation Among the patent infringement suits initiated since April is Waters’s complaint against Aurora SFC Systems for infringement of two patents […]
The growth rate of science and engineering (S&E) research space at US biomedical institutions declined 2.2% from fiscal year (FY) 2007 to FY 2009 to comprise 21.8 million net assignable square feet (NASF), according to the NSF’s latest “Science and Engineering Research Facilities” report. The report reflects the latest in a series of surveys that […]
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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.
