Company Announcements Life Therapeutics spun out its LifeGels division, a manufacturer of electrophoresis gels, and Life Bioprocess division into a new company, NuSep, in late 2006. The divisions’ 2006 sales rose 95% to $793,000. Nu Sep is expected to list on the Australian stock exchange in late March. Under a partnership for sales, marketing and […]
With 15 of the 23 Laboratory Instrument Sales Index companies reporting calendar year-end results, fourth quarter 2006 revenues grew an estimated 10.5% to $4,131 million. Fourth quarter operating profit growth rebounded from a year ago, improving 8.0% to $707 million. However, operating margin dropped 40 basis points to 17.1% of sales. The five largest instrument […]
Chelmsford, MA 2/5/07—Magellan Biosciences has sold Tek-Cel, a provider of laboratory sample management and storage solutions, to Hamilton, which sells laboratory robotics, chromatography and fluid subsystem products. Financial details were not disclosed. Hamilton is expected to keep TekCel’s headquarters in Hopkinton, Massachusetts and to grow Hamilton’s East Coast presence. Magellan President and CEO Dr. Robert […]
Sunnyvale, CA 2/15/07—Cepheid, a provider of nucleic acid amplification equipment and reagents, has acquired Sangtec Molecular Diagnostics AB from ALTANA Pharma AG for $27 million in cash. Based in Broma, Sweden, Sangtec is a manufactuer of PCR-based molecular diagnostics products and had 2006 revenues of $8 million. Cepheid intends to integrate Sangtec’s affigene kits for […]
Company Announcements Ingersoll Rand Security Technologies agreed to jointly market and sell HiEnergy Technologies’ SIEGMA explosives detection and confirmation system. RAE Systems integrated its chemical and radiation product lines into MDI Security Systems’ ONE Unified Technology platform. Thermo Fisher Scientific’s Santa Fe, New Mexico radiation detection equipment manufacturing facility will cease operations in March, according […]
The fiscal 2007 federal budget was finally signed into law by President Bush on February 15. The law makes permanent most of the funding amounts in the continuing resolution passed by Congress in December 2006 that essentially froze agency and program budgets at fiscal 2006 levels. However, Congress did provide funding increases for selected programs […]
Company Announcements Alpha Technologies Services, a Roper Industries company, signed an exclusive distribution agreement with AFA Technologies (Instruments) Shanghai for China, effective October 1, 2006. ADMET entered the Indian market with its universal testing machines, as well as other products, in October 2006. It sells direct and through representatives. In fall 2006, Q-Sense AB, the […]
According to the FDA, 10% of drugs in the world are counterfeit. The World Health Organization (WHO) takes a more nuanced view: according to the organization, less than 1% of drugs in developed nations are counterfeit, but 10% of drugs in developing economies are counterfeit. However, in parts of Latin America, Southeast Asia and sub-Saharan […]
Major restructurings of R&D operations were announced earlier this year by two of the world’s largest pharmaceutical companies, Pfizer and Roche. Such announcements are becoming more common for so-called “big pharma” (see IBO 4/15/05, 4/15/06), as many of the world’s 10 largest drug firms struggle to maintain historical levels of profitability during a period of […]
The Environmental Protection Agency (EPA) announced regulations last week that will lower airborne pollutants over the next 25 years. Most significantly for oil refineries, the rules require that benzene levels be cut. On average, benzene made up roughly 1% of US gas in 2004. This proportion will be brought down to an average of 0.62% […]
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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.
