In April, President Vladimir Putin announced the Presidential Nanotechnology Initiative. At least RUB 28 billion ($1.1 billion) in government funding will be allocated for the initiative through 2010; some funds will go to the purchasing new laboratory equipment. According to the Russian government, RUB 150 billion ($5.8 billion) has already been invested in nanotechnology. Putin […]
According to a report by Marks & Clerk, a law firm specializing in intellectual property, advances in biotechnology are being driven by universities and public research institutes. The most biotech patent families—“groups of patents associated with a single invention”—filed in the period 2002–2006 was 1,022, by the Japan Science and Technology Agency, followed by the […]
Carlsbad, CA 5/1/07—Invitrogen announced in its first quarter conference call that it has purchased Cascade Biologics. The company, based in Portland, Oregon, produces primary human cell culture systems and reagents for use in basic research, cosmetics testing and cell therapy. According to Gregory Lucier, CEO and chairman of Invitrogen, the acquisition “sets us up for […]
Washington, DC 5/4/07—Laboratory information management systems (LIMS) provider Starlims has filed for a US initial public offering of shares of its common stock on the NASDAQ exchange. The company plans to list 2.1 million shares at a price of $13.70–$15.50 per ordinary share for expected net proceeds of $25.9–$37.4 million. The company has been listed […]
Horiba introduced the Vacuum Cell dry powder option and Slurry Sampler autosampler for its Partica LA-950 Laser Diffraction Particle Size Analyzer. Reichert Analytical Instruments released the Abbe Mark II manual transmission refractometer. Shimadzu Scientific Instruments introduced the EZ Test line of universal tabletop testers, comprising two base models. Viscotek launched the HorizonDLS microplate instrument, featuring […]
CyTerra, an L-3 company, received a follow-on order from the US Army valued at more than $40 million for several thousand AN/PSS-14 mine detection systems. In March, Smiths Detection received a $19.2 million order from the US Department of Defense (DOD) for more than 4,100 handheld Improved Chemical Agent Monitor (ICAM) units for the detection […]
West Chester, PA 5/2/07—Clayton, Dubilier & Rice (CD&R) has agreed to sell VWR International to private equity investor Madison Dearborn Partners (see IBO 3/15/07). Terms of the deal were not disclosed. VWR is a distributor of laboratory products to research labs. VWR’s 2006 revenues rose 4% to more than $3.2 billion (see IBO 4/15/07). “Together […]
San Francisco, CA 5/1/07—TIBCO Software, a provider of enterprise software, has agreed to acquire Spotfire for $195 million in cash. Spotfire specializes in data visualization analytics software. Its DecisonSite software, which features specific products for functional genomics, microarray analysis and lead discovery, is widely used by life science researchers. TIBCO will retain the Spotfire name […]
Idaho Technology exclusively licensed from the University of Utah Research Foundation the patent for “Monitoring Amplification with FRET Probes,” covering real-time PCR amplification kits. In February, QIAGEN NV broadened its portfolio of licenses to include all of Roche’s real-time PCR patents. The company also licensed patents related to Ortho Clinical Diagnostics’ “Hot-Start” technology. Sales for […]
Nanotechnology has been a familiar buzzword for a number of years, but the field itself has yet to meet its impressive potential. While there is no shortage of companies involved in nanotechnology, Nanosys, based in Palo Alto, California, has attracted considerable attention since its founding in 2001. In March, Nanosys partnered with Bruker Daltonics for […]
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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.
