Company Announcements Hudson Control Group named Dr. Alan H. Katz chief scientific officer. Previously, he led Wyeth Research’s computation chemistry and drug design group. PaR Systems, a provider of specialized material handling and automation equipment, was acquired in July by MML Capital and PaR Systems management. BioTrove opened an office in San Carlos, California, in […]
Hartford, CT 11/12/08; New York, NY 11/12/08; Baltimore, MD 11/14/08—A class action law suit has been brought against Waters by shareholders who purchased the company’s stock between January 24, 2007 and January 22, 2008. The suit alleges that Waters violated securities law by failing to disclose a slowdown in Japanese sales due to government regulations; […]
Santa Clara, CA 11/11/08—Affymetrix has agreed to acquire Panomics, a provider of assay products, for $73 million in cash. Panomics offers products for low to mid-plex genetic, protein and cellular analysis applications that enable a direct assay approach that does not require nucleic acid extraction or amplification. “Panomics presented a great opportunity for Affymetrix to […]
Under the Indian government’s new Prevention of Food Adulteration Rules 2008, all prepackaged food sold in the country will be required to have nutritional labels by March 19, 2009. Among the labeling requirements are a list of ingredients and their weight and volume. In addition, nutritional information must be listed by 100 g or 100 […]
Market analysis firm New Energy Finance estimates that new investments in clean energy will decline 4% in 2008 to $142 billion. Including existing investments such as acquisitions and buy-outs, deal value is expected to fall 6% to $192 billion. One reason for the decline is public markets. Investment in clean energy via stock markets is […]
Carlsbad, CA 11/4/08; Carlsbad, CA and Norwalk, CT 11/11/08—Invitrogen and Applied Biosystems’ merger has received clearance from the European Commission (see IBO 6/15/08). As a result, the companies are expected to complete the transaction on November 21. Invitrogen has also announced that the company will be renamed Life Technologies. Instruments and systems will continue to […]
On October 14, the EU formerly launched the Fuel Cells and Hydrogen Joint Technology Initiative (JTI). The JTI consists of more than 60 companies, more than 60 universities and research institutes, and the European Commission. With funding of close to €1 billion ($1.4 billion) over six years, the JTI plans to accelerate the development, commercialization […]
Company Announcements Accelerated Technology Laboratories partnered with Linko Data Systems, a provider of compliance-tracking software, to integrate their respective Sample Master Pro LIMS and pretreatment software for wastewater clients. Waters and LabKey Software, a provider of open source software, joined the BioIT Alliance in September. In September, Thermo Fisher Scientific began shipping its Proteome Discoverer […]
IMS forecasts worldwide pharmaceutical sales to increase 4.5%–5.5%, in 2009, the same as 2008’s growth, to more than $820 billion. Oncology products will drive growth, with sales expected to increase 15%–16%. Also driving sales growth will be HIV therapies, which are forecasted to grow 13%–14%, and biologics, which are expected to grow 11%–12%. Sales of […]
Capital spending by the semiconductor industry will not recover until 2010, according to the latest forecast from Gartner. This year, capital expenditures are expected to decline 25.7% to $47.1 billion, the biggest drop since 2002. Gartner attributes the decline to economic conditions and overcapacity in the memory business. The capital intensity of the semiconductor industry […]
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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.
