Company Announcements Beckman Coulter signed an OEM and supply agreement in fall 2006 to provide the Agencourt RNAClean nucleic acid purification product for packaging in NuGEN Technologies’ WT-Ovation Pico RNA Amplification System. Finnzymes Instruments licensed key thermal cycler and PCR patents from Applied Biosystems in fall 2006. In January, Finnzymes Instruments and Bridge Biosciences formed […]
According to a survey by Chemical & Engineering News, the 16 chemical firms that gave answers about capital spending will increase capital spending by an average of 7.6% this year. Increases of 28.1% and 16.5% were recorded in 2005 and 2006, respectively. Among the firms, the largest increase in capital investments, 36.4%, will be recorded […]
South Korea’s economy is expected to grow by 4.5% this year, down from 5% last year. Last year, approximately 300,000 new jobs were created in the country, falling short of a goal of 350,000 jobs. To increase the number of jobs, ramp up investments and spur R&D activities, government will partner with the industry. The […]
M&A activity among pharmaceutical outsourcing companies in 2006 was rapid. In this highly fragmented industry, consolidation often marked companies’ interest in establishing an international reach. Covalent Group’s acquisition of Remedium Oy is an example of this. Another trend was a shift among private equity firms towards expanding their portfolio outsourcing companies with an eye on […]
New York, NY 2/13/07; Carlsbad, CA 2/13/07—Invitrogen has agreed to sell BioReliance to private equity firm Avista Capital for $210 million. BioReliance, a contract service organization providing biological safety testing, toxicology, viral manufacturing and laboratory animal diagnostic services, has annual revenues of $110 million and provides services to more than 600 clients per year. Tim […]
R&D activities in India have been booming: while the country only spent $2.9 billion on R&D in 2001, by 2004, this figure reached $24 billion. R&D spending is expected to reach $27.5 billion by 2010, and swell to $119 billion—2.7% of India’s estimated GDP—by 2020. There are currently 130 domestic firms and 220 multinational companies […]
Grand Rapids, MI 2/8/07; Amersham, UK 2/8/07—Halma has acquired X-Rite’s Labsphere business for $13.9 million in cash and a deferred cash consideration of $1.5 million. Labsphere is a designer and manufacturer of light testing and measurement products, as well as specialized optical coatings. The company posted 2006 revenues of $12.5 million and an operating profit […]
Between 2000 and 2005, the Chinese biopharmaceutical sector grew 30%, while the global average for the sector grew 19%. Nonetheless, some observers are concerned that production will slow over the next five years. The fastest-growing Chinese biopharmaceutical manufacturers have concentrated on using genetically modified microorganisms to express proteins and very few are developing the capacity […]
The mass spectrometry (MS) market is continuing to develop at a rapid pace as vendors try to improve the performance and capabilities of MS systems. In their zeal to find the newest and best performing design, as well as to negotiate the increasingly dense field of technological patents, these vendors are exploring many possible tandem […]
Santa Clara, CA 2/1/07—Intevac has acquired the assets and certain liabilities of Raman spectroscopy company DeltaNu for an undisclosed amount. Intevac is a developer of low light imaging sensors, cameras and systems and a supplier of magnetic media supporting equipment. Based in Laramie, Wyoming, DeltaNu’s products include handheld and benchtop Raman spectroscopy instruments and Raman […]
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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.
