: In January, the World Bank’s Board of Executive Directors approved a $13.4 million loan for Kazakhstan’s Technology Commercialization Project (TCP). The TCP has a total budget of $75 million, $61.6 million of which comes from Kazakhstan’s government, and seeks to restore some of the country’s scientific capacity, which was strong during the Soviet era. […]
On January 15, the Korean Science and Technology Ministry released a plan to place Korea among the top three countries for nanotechnology by 2020. According to the plan, by 2020, Korean companies would control 20% of the global nanotechnology market, generating sales of $260 billion per year by 2015 and $500 billion in 2020. Nano-element […]
Fluxion Biosciences appointed AutoMate Scientific as a distributor of its BioFlux System. Amaxa and Promega will develop applications based on their respective Nucleofector technology and luciferase reporter assay technologies to monitor cell signaling events in cells that are difficult to transfect. Roche Applied Sciences will exclusively market systems for real-time cell analysis based on ACEA […]
For the fourth quarter of 2007, revenues for IBO’s Laboratory Sales Index grew 13.5% to $4,616 million and operating profits improved 23.0% to $833 million, leading operating margins 140 basis points higher to 18.0% of sales. For the year, the Laboratory Instrument Index reported similar revenue growth, climbing 13.5% to $17,030 million. Operating profits grew […]
Following two weeks of speculation and a bidding process involving at least four companies, on February 4, GE Healthcare announced that it would acquire Whatman for $713 million in cash (see page 2, IBO 1/15/08). The 268-year-old company with forecasted 2007 revenues of £116 million ($232 million), Whatman is a name long associated with laboratory […]
Last year, China purchased more than $1.5 billion in analytical instrumentation. As one of the fastest growing markets for laboratory instrumentation, China is a focus of major investments by foreign instrument companies, which are rapidly building their sales and marketing, service and manufacturing capabilities in the country. China is also home to a large domestic […]
Caluire, France and Pensauken, NJ 2/1/08—Setaram, a provider of thermal analysis and calorimetry systems, has acquired Hy-Energy, a manufacturer of gas sorption instruments for clean energy applications. “The integration of Hy-Energy with Setaram further strengthens Setaram Instruments’ North American operations and provides us with a physical presence on the West Coast, closer to many of […]
Arthur Holden, Illumina Senior Vice President of Corporate and Market Development, resigned from the company in fall 2007. Rosetta Biosoftware’s Syllego System achieved Affymetrix GeneChip-compatibility status. Eppendorf Biochip Systems GmbH certified Girus Life Sciences as a service provider. Oxford Gene Technology granted a license to Phalanx Biotech to fabricate and sell arrays in the US. […]
In the January 15 issue, IBO listed CEO changes as one of the instrument industry’s main developments of 2007. On February 1, Robert F. Friel took over as CEO of PerkinElmer, the world’s fifth largest provider of analytical and life science instrumentation (see IBO 7/31/07). He remains president. Mr. Friel told IBO that as CEO […]
The Chilean Economic Development Agency (CORFO) estimates that $100 million will be spent on R&D in the country during 2008 through InnovaChile, CORFO’s innovation department. If private industry meets government investment, total R&D funding could reach $200 million this year. The majority of funding will go to clusters recommended by the National Council of Innovation […]
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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.
