Washington, DC 9/21/10; Washington, DC 9/29/10—In a filing with the SEC, Sequenom disclosed that former CFO Paul Hawran has amended a lawsuit to add the company as a defendant. The amended suit adds claims of breach of conduct and negligent misrepresentation. In August, Mr. Hawran filed suit in the Superior Court of California for the […]
Singapore and Hong Kong, 9/30/10—Lab product manufacturer and distributor Techcomp has announced that it plans to expand its presence in the Chinese health care market. The company will introduce new diagnostic products, including a CE-marked microplate reader and automatic immunoassay system. In addition, Techcomp will establish a new division in its sales channel for the […]
Cary, NC 9/24/10—SciQuest completed its IPO on the NASDAQ stock exchange (see IBO 3/31/10) on September 24. The company offered six million shares of its common stock at $9.50 per share. Underwriters were granted the option to purchase up to an additional 900,000 shares by certain selling stockholders. SciQuest provides on-demand software for strategic procurement […]
Stockholm, Sweden 9/24/10; Stockholm, Sweden 9/29/10—Valedo, a Swedish private equity fund, has acquired a majority stake in Perten Instruments AB for an undisclosed amount. Minority owners include Perten management, the Board and Jan Perten, former co-owner. Perten Instruments supplies instruments for analysis and quality control of food, grain, flour and feed, including NIR analyzers and […]
Los Angeles, CA 9/8/10—Phenomenex, a supplier of LC columns and sample preparation consumables, has filed suit against Waters in US District Court for the Central District of California. In its complaint, Phenomenex alleges false advertising and unfair competition related to Waters’s promotional material that makes statements about the performance of certain Waters’s LC columns in […]
San Jose, CA 9/20/10—Publicly held RAE Systems has agreed to be acquired by Battery Ventures, a multistage investment firm. Battery Ventures will pay $1.60 per share, which is a 53.8% premium over RAE Systems’ closing stock price on September 17. RAE Systems provides gas detection systems for real time safety and security threat detection. “RAE […]
Copenhagen, Denmark 8/23/10—FOSS A/S has increased its holdings in Ibsen Photonics from 12.5% to 85%. Ibsen Photonics provides holographic, fused silica transmission gratings and spectrometer modules for a wide range of telecom, analytical, sensing and laser markets. “We have worked with Ibsen for some years now and have found their spectrometer solutions to be second […]
Rockville, MD and Seoul, South Korea 9/13/11—Seegene has raised $16.6 million through an offering of 636,500 shares on the KOSDAQ, the Korean Stock Exchange. Seegene provides PCR technology for molecular diagnostics and research applications. “Our products are defining a new category of molecular diagnostics that are capable of simultaneously detecting multiple pathogens or genetic mutations […]
Orange County, CA 9/7/10—Beckman Coulter Chairman, President and CEO Scott Garrett has resigned, effective September 6. He will continue as a full-time nonexecutive employee through January 15, 2011. The Board has named J. Robert Hurley interim president and CEO. He has served as senior vice president, Human Resources, and chairman of Beckman Coulter Japan. He […]
West Chester, PA 9/2/10—VWR International has announced the acquisition of LABART SP. ZOO, a distributor of scientific laboratory supplies that is headquartered in Gdansk, Poland. Founded in 1996, LABART provides lab equipment and consumables to the industrial, pharmaceutical, tertiary scientific education and public sectors.
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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.
