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 […]
Total US R&D expenditures increased an estimated 5.8% in 2007, or 3.1% when adjusted to 2000 dollars to exclude inflation, to $368,098 million, according to the latest data from the National Science Foundation (NSF). Industry was the primary source of the increase, continuing a trend evident since the 1980s that also reflects slower increases in […]
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, […]
In the second quarter of 2008, revenues for IBO’s Life Science Sales Index grew 11.0% to $2,358 million, while operating profit jumped 26.9% to $382 million and operating margin climbed 200 basis points to 16.2% of sales. Second-quarter sales for Beckman Coulter’s Life Science segment grew 9.3%, or 4.3% in constant currency, to $127.5 million […]
Carlsbad, CA 8/25/08; Norwalk, CT 8/25/08; Washington, DC 8/21/08; Carlsbad, CA and Foster City, CA 7/29/08; Carlsbad, CA 6/20/08—Shareholders of Applied Biosystems and Invitrogen will vote on the companies’ proposed $6.7 million merger (see IBO 6/15/08) on October 16. In late July, the companies announced the expiration of the Hart-Scott-Rodino Waiting Period, giving the merger […]
Company Announcements In June, LifeSpan BioScience announced plans to release 20,000 immunohistochemistry-validated reagent antibodies over the next four years. It currently offers 37,000 reagent antibodies. Embryome Sciences entered into a manufacturing and distribution agreement with Lifeline Cell Technology to produce standardized human and animal progenitor cell lines and corresponding reagents. Embryome Sciences acquired an exclusive […]
Patent-application filings rose 4.9% in 2006 to over 1.76 million due to more filings by China, Korea and the US, according to the World Intellectual Property Organization. China’s share of patent filings increased 32.1% to 7.3%, compared to shares of 6.6% and 6.7% for Korea and the US, respectively. Filings for drug patents rose 1.7%, […]
The FDA and prescription benefits manager Medco Health Solutions have entered into a two-year agreement to study pharmacogenomics. Using reports produced by Medco based on the pharmacy claims of its 60 million members, FDA will assess the use of genetic tests for prescribing drugs and determining drug safety, as well as how doctors utilize such […]
Singapore 8/18/08—Techcomp has acquired an approximately 81% interest in Shanghai Sanco Instrument via the purchase of 68% of Richwell Hightech Systems for RMB 4.8 million ($700,000). Registered as a foreign-invested enterprise in China with capital of $350,000, Shanghai Sanco manufactures and sells diagnostic and analytical instruments. Techcomp stated that the acquisition will provide operational synergies […]
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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.
