This month, the reauthorization of the America COMPETES Act became law. First passed in 2007, the America COMPETES Act provided funding for science agencies and research (see IBO 8/15/07). Although the new law specifies funding amounts for federal science agencies, it is unlikely that these amounts will be appropriated due to the new Congress that […]
A new US food safety bill signed into law this month will increase FDA authority over the US food supply and increase the application of scientific standards to food safety. The Food Safety Modernization Act is the country’s first major food legislation since 1938. The Act is expected to be signed by President Obama early […]
In 2010, the US economy and equity markets sustained a strong recovery in the wake of the financial collapse two years ago. Following double-digit gains in 2009, the Dow Jones Industrial Average, S&P 500 and NASDAQ added 11.0%, 12.8% and 16.9% in 2010, respectively. Equity prices benefited from monetary stimulus, improving macroeconomic data, strong corporate […]
Due to the IBO’s January 15 forecast issue, third-quarter results for the Lab Equipment/Consumables Sales Index are included in this issue. Index sales grew 2.7%, 3.6% excluding currency, to $3,760.20 million. Operating profits improved 3.2% to $631.67 million, and adjusted operating margins were unchanged at 17.2% of sales. For the fiscal first quarter ending October […]
PerkinElmer has announced that it does not plan to exhibit at Pittcon 2011, which will be held in Atlanta, Georgia. It becomes the second major chemical analysis instrument company to pull out of the exhibit. Bruker did not exhibit at Pittcon 2010 (see IBO 3/15/10), but will exhibit at Pittcon 2011. The news is in […]
As detailed in the November 15 issue of IBO, an annual review by the EU showed that spending by 1,000 of the world’s largest publicly held companies that engage in substantial R&D activities declined last fiscal year. This month, the UK released its annual R&D spending review, which provided further evidence of the trends documented […]
Third-quarter 2010 IBO Life Science Index sales grew 7.2%, 8.5% excluding currency, to $2,944.55 million. Operating profit improved 11.5% to $636.50 million, and operating margin gained 110 basis points to 22.5% of sales. Third-quarter revenue for Beckman Coulter’s Life Sciences segment declined 5.1%, 4.1% at constant currency, to $106.1 million to account for 12% of […]
Despite drastic reductions in pharmaceutical R&D headcount and spending, which have reduced growth, flash chromatography, a preparative LC technique, accounted for more than $100 million in annual revenues in 2009 (see table, page 6) and is expected to grow in the mid-to-high single digits. Demand for flash chromatography comes mainly from the pharmaceutical, biotechnology and […]
In the second multibillion dollar acquisition this year involving a laboratory product and instrumentation company following the purchase of Millipore (see IBO 2/28/10), Thermo Fisher Scientific announced this month it will acquire Dionex for $2.1 billion in cash (see page 2), or approximately five times sales. This is Thermo’s largest acquisition since its 2006 purchase […]
Bruker BioSpin’s Icon scanner, introduced in September, provides a smaller, lower-cost system for MRI scanning for research. The Icon expands Bruker’s high-field preclinical and molecular MRI product line, which previously ranged from 4.7 to 17 T field strength, to lower-field (1 T) permanent-magnet benchtop MRI systems, said Director of Marketing Communications Thorsten Thiel. It is […]
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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.
