An innovation review delivered to the Australian government in August proposes changes in order to boost the country’s R&D spending from 0.55% of GDP to 0.75% of GDP by 2010. Among the proposals are the replacement of the current R&D tax credit, which offers companies an AUD 7.5 cents tax credit per dollar spent on […]
St. Louis, MO and Mountain View, CA 9/9/08—Informatics company Tripos has entered into a definitive agreement to acquire publicly held Pharsight for approximately $57 million in cash. Pharsight shareholders will receive $5.50 per outstanding share of common stock, a 29% premium over the average 30-day closing price as of September 8. Pharsight offers software and […]
Amersham, UK 9/8/08—The Photonics business of Halma’s Health and Analysis sector has acquired Fiberguide Industries for $14.5 million in cash and additional payouts based on targets. Based in Stirling, New Jersey, Halma designs and manufactures optical fiber cables and assembles, primarily custom-designed products for OEMs. Approximately half of the company’s revenues are from medical/biomedical, spectroscopic […]
Company Announcements Syngene appointed Varelas SA as its Greek distributor in July. Applied Biosystems added InteRNA Genomics BV and Biotique Systems to its Software Development Community for the SOLiD System. In July, in vivo imaging firm VisEn Medical received $3.5 million in venture debt financing from GE Healthcare Financial Services. Genomic Vision, which is developing […]
The Broad Institute of Harvard and MIT received a $400 million endowment from Eli and Edythe L. Broad to permanently establish the Institute as a nonprofit organization. Founded in 2004, the Institute was initially created as a venture experiment with $100 million in funding from the Broads, who donated an additional $100 million in 2005. […]
The Chinese government will begin dispersing funds this October for two major research programs that were initially announced two years ago. Although a final figure has yet to be released, observers estimate that $880 million will be allocated for drug discovery research and $440 million will be available for infectious disease research. The projects will […]
Sydney, Australia 9/4/08 and 9/9/08—Fluorotechnics, a provider of fluorescence labels and stains for life science research, has acquired the Gel Company. Based in San Francisco, California, the Gel Company offers more than 250 products for proteomics, cell culture, DNA sequencing, liquid handling, microarrays and PCR, including instrument accessories. “With Gel Co’s San Francisco distribution office, […]
An investigation by the Associated Press (AP) has drawn attention to the dumping of unused pharmaceuticals by the US’s 5,700 hospitals and 45,000 nursing homes. Based on records from 14 hospitals in Minnesota, the AP estimated that a minimum of 250 million pounds of drug waste are disposed of annually through sewer systems. Other sources […]
Wedel Germany 9/4/08; Eerbeek, The Netherlands 9/4/08—M.u.t. AG, a publicly held provider of lab automation, spectroscopy, aviation and fire detection systems, has acquired 51% of Avantes Holding BV, effective January 1, but just announced this month. Based in the Netherlands with 40 employees, Avantes provides fiber optic spectrometers and accessories for online analysis and is […]
Company Announcements YSI named Dr. Edward King vice president of R&D and chief technology officer in June. In July, PerkinElmer named Alan Fletcher, PhD, vice president of business development for the Life and Analytical Sciences business with the responsibility for growing the Bio-discovery business. He joined the company from GE Healthcare. GE appointed John Dineen, […]
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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.
