May’s inaugural meeting of the India Chemical Council highlighted the 8.9% growth for the country’s chemical industry from 2006 to 2007. The industry has revenues of $50 billion, not counting refining and fertilizers, which contribute $100 billion in sales a year. A leading sector is the pharmaceutical industry, which account for 22% by value of […]
Despite new economic data, investors appear to be increasingly mystified as to the actual condition of the economy. On May 20, the Federal Reserve lowered its 2008 growth forecast to 0.3%–1.2% from 1.3%–2.0%, citing inflation and unemployment concerns. Coupled with record-high crude oil prices of $135 a barrel and renewed liquidity concerns in the financial […]
In the face of slower spending by big pharma, weaker semiconductor spending and economic turmoil, calendar-year first-quarter revenues for major instrument and laboratory product companies stayed on track. First-quarter sales for 11 of the 13 companies profiled on pages 9–11 increased 11.8% in US dollars (see graph, page 10) (Affymetrix was excluded from the calculation […]
Wetzlar, Germany and St. Louis, MO 5/14/08—Leica Microsystems, a Danaher company, has acquired the assets of Coretech Holdings and McCormick Scientific for an undisclosed amount. Coretech is a provider of instruments, reagents and consumables for clinical and research histopathology laboratories. Coretech has joined Leica Biosystems and its CEO Doug Martin has become vice president and […]
One of the focuses of Australia’s recently released budget for 2008–2009 is the renovation of research institutions and new research grants. The new AUS$11 billion ($10.5 billion) Education Investment Fund, the successor to the country’s Higher Education Fund, will be used to repair universities and research facilities. The new Health and Hospital Fund will focus […]
Company Announcements New Zealand–based ZyGEM, a provider of enzyme-based reagents, opened its US headquarters in Solana Beach, California, in January. Invitrogen was named the exclusive provider of fluorescent miRNA microarray labeling kits using Genispheres’ 3DNA dendrimer signal amplification technology. Sigma-Aldrich and MorphoSys AG will design, produce and distribute unique recombinant antibodies. In February, Exiqon A/S […]
Abingdon, UK 5/28/08—Oxford Instruments has acquired Link Analytical AB from its owner and manager, Anna Otterstrom, for an initial cash payment of £0.6 million ($1.2 million) and a cash earn-out of up to £0.6 million payable over three years. Link Analytical AB is a Scandinavian distributor of electron microscopy products, including Oxford Instruments NanoAnalysis’s products. […]
According to Ernst and Young’s “2008 Global Biotechnology Report,” global revenues from biotech companies increased 8% in 2007 to $84.8 billion. Global R&D expenditure increased 7% to $31.8 billion. Excluding the acquisition of Medimmune by AstraZeneca and Merck KGaA’s buyout of Serono, global revenue and R&D would have increased 17% and 26%, respectively. In the […]
Gas chromatography (GC) has long been a primary analytical technique for analyzing petroleum-based fuels, but it is also used heavily in the rapidly developing biofuels industry. Petroleum-based fuels are a nonrenewable resource, and with the rapidly rising price of oil, the push to develop and expand the market for renewable biofuels is stronger than ever. […]
Capital expenditure budgets (CapEx) for 22 public food companies surveyed by Food Processing are expected to increase 7.1% to $11.067 billion in 2008. Fifteen of the surveyed companies plan to increase their CapEx, with five increasing spending more than 25%. Pilgrim’s Pride and Hershey reported the largest planned increases, with CapEx growth of 72% and […]
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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.
