Prime Minister Vladimir Putin has announced that Rusnano will invest RUB 40 billion ($1.25 billion) in nanotechnology projects this year, up from the RUM 28 billion in funding announced in May. This amount will represent half of the funding for the 50 projects the state-owned corporation is expected to approve this year. Observers note that […]
Israeli spending on civilian R&D rose 3.6% in constant prices last year to NIS 35.3 billion ($9.2 billion), or 4.9% of GDP. R&D expenditures by business grew 4.5% to make up 81% of the county’s total R&D spending. R&D spending by private nonprofit institutions increased 2.5% to represent 3% of the country’s R&D spending. General […]
China’s stimulus plans are accelerating growth in the R&D and technology sectors. Cong Cao of the Levin Graduate Institute of International Relations and Commerce at the State University of New York estimates that CNY 1.4 billion ($205.2 million) of the stimulus plan’s science and technology funding will be used for the country’s Medium- and Long-term […]
Biotechnology: Although financing for biotech companies is improving, it still remains tough. In the first half of 2009, funds raised by biotechnology and specialty pharmaceutical firms increased 41% to $8.3 million, excluding revenue from partnerships. Compared to the first half of 2007, financing was down 55%. Money raised through public offerings and alternative financing rose […]
The total number of pharmaceutical licensing agreements completed between June 2008 and July 2009 declined 17% year over year to 661, according to EvaluatePharma. Oncology remained the top therapeutic area for licensing agreements, with 132 deals, down 18% from the previous year. Compared to previous periods, more oncology deals focused on earlier stages. The number […]
Primary energy consumption rose 1.4% in 2008 for the slowest growth since 2001, according to the BP Statistical Review of World Energy. Non-OECD nations were responsible for most of the demand, as Asia-Pacific represented 87% of this growth, with China’s energy consumption up 7.2%. Globally, oil production increased 0.4% to 380,000 barrels per day (b/d), […]
Company Announcements Roche Applied Science opened an Application Support Center in Shanghai, China, in May. Thermo Fisher Scientific named two new directors in May: Thomas J. Lynch, CEO of Tyco Electronics, and Tyler Jacks, PhD, David H. Koch professor of Biology at MIT. MDS Analytical Technologies appointed Bio-Strategy as its new distributor for Australia and […]
In August, US equity markets experienced broad gains driven by positive economic data and government spending. The Dow Jones Industrial Average, S&P 500 and NASDAQ ended the month up 3.5%, 3.4% and 1.5%, respectively. Economists projected a 2% GDP growth for the US for the third quarter. The Commerce Department revised the US second-quarter GDP […]
Billerica, MA and Austin, TX 8/11/09—Millipore will distribute Luminex’s FLEXMAP 3D system for research applications. “Millipore has an extensive global reach that covers academic, reference and pharmaceutical research laboratories, and we are excited to have the company as a distribution partner for the groundbreaking FLEXMAP 3D instrument,” stated Darin Leigh, vice president of Sales and […]
Wilmington, DE 8/13/09—Life Technologies has filed a patent infringement action against Bio-Rad Laboratories in the US District Court for the District of Delaware. The law suit alleges infringement of four patents: US Patent Nos. 6,703,484; 7,223,566; 7,259,242 (each entitled “Methods for Production of Proteins”); and 7,265,206 (entitled “Methods of Production of Proteins”). The complaint alleges […]
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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.
