The EU’s Seventh Framework Program for Research and Technological Development (FP7) began in 2007 as the successor to the FP6 program, the EU’s main system for funding research. Boasting a much larger budget (€50 billion [$66 billion = €0.75 = $1]) than its predecessor (€17.50 billion [$23.10 billion]) and running until 2013, the FP7’s goals […]
Fourth-quarter 2008 IBO Life Science Index sales rose 1.7% to $2,416 million, while operating profits improved 1.3% to $435 million, and operating margins declined 10 basis points to 18.0% of revenues. For the year, Life Science Index sales grew 9.2% to $9,422 million. Operating profit climbed 15.6% to $1,556 million, and operating margins improved 90 […]
At this year’s Pittcon, IBO sat down with executives from four major analytical instrument providers to discuss current market conditions and strategies. Each executive acknowledged that this was a difficult time for the instrument market. As Dr. Rohit Khanna, vice president of Worldwide Marketing for the Waters Division of Waters Corporation, stated at the company’s […]
Expectations for Pittcon were low this year. A worldwide recession and an ailing instrument market tempered any belief that the show’s attendance would rise dramatically. However, the fact that the conference took place in Chicago provided some hope that attendance figures would improve from last year, when the show was held in New Orleans, Louisiana […]
Every year, IBO selects the top three new products at Pittcon. A new product is defined as one introduced late last year or in 2009. The top new products are selected based on technological advancement, potential for commercial success and innovation. This year, two products gained notice due to their technical capabilities. Bruker BioSpin’s DNP-NMR […]
LabKey Software approaches instrument data storage, sharing and analysis by way of web-based remote access. The company was formed in 2005 through a partnership between software developers and the Fred Hutchinson Cancer Research Center (FHCRC), after the FHCRC decided to develop a way to store and share large volumes of instrument data based on an […]
Atomic Spectroscopy Bruker AXS unveiled the D2 Phaser, which puts desktop X-ray diffraction (XRD) analysis into a smaller, lower-power package. With a fast detector, the powder diffraction system will be priced at $95,000; a simpler detector brings the price down to $70,000. The system will be available in three months. Innov-X has begun exclusive distribution […]
As IBO reported on November 30, 2008, government stimulus plans worldwide could help sales of lab instruments and products. Four countries that have approved stimulus packages this year are Norway, Canada, Australia and Germany. In January, Norway announced a NOK $2.87 billion ($415 million) stimulus plan. The plan included a 181% increase to NOK 900 […]
Traditionally, the fourth quarter is the strongest quarter for sales of instruments and associated laboratory products due to budget releases. However, 2008 was not like any other year. Following the beginning of the banking crisis in September and the subsequent rapid deterioration of the worldwide economy, demand from major end-markets for analytical instruments, such as […]
Analytical instrument and laboratory product companies are celebrating the passage of US President Barack Obama’s stimulus plan, the American Recovery and Reinvestment Act (ARRA), which was signed into law on February 17. The ARRA provides $600 million directly for laboratory instrument purchases. It is also expected that part of the funding for research grants will […]
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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.
