Liège, Belgium 6/15/10; Osaka, Japan 6/18/10—Japanese chemical company Kaneka has acquired a majority share of Eurogentec SA. Eurogentec manufactures and sells proteins, nucleic acids and peptides for use in pharmaceutical and diagnostic products and for research. The company had 2009 sales of €41.4 million ($57.5 million = €0.72 = $1) and currently has 400 employees. […]
Washington, DC 6/2/10; San Diego, CA 6/2/10—The SEC has charged Elizabeth A. Dragon, former senior vice president of R&D at Sequenom, with making false statements to investors. The statements were in connection with the genetic test that Sequenom was developing for noninvasive prenatal detection of Down’s syndrome (see IBO 9/30/09). The SEC charges that she […]
Stockholm, Sweden 5/17/10; Hopkinton, MA 5/17/10—Biotage has agreed to purchase Caliper Life Sciences’ RapidTrace and TurboVac product lines for $16.5 million in cash. In 2009, the product lines generated $9.5 million in sales. The RapidTrace SPE Workstation is a high-throughput solid phase extraction platform. The TurboVac Concentration Evaporator Workstations are microprocessor-controlled concentrators for automated sample […]
Washington, DC 6/10/10; Washington, DC 6/15/10—Certara, which Symyx Technologies has identified as the competitor that submitted a rival bid for the company (see IBO 5/31/10), has revoked its offer of $6.75 per share. Symyx stated that because there is now no superior proposal to Accelrys’s offer, it has terminated discussion with Certara.
Carlsbard, CA 5/28/10; Regensburg, Germany 5/28/10; Carlsbad, CA 6/2/10—Following the completion of its tender offer, Life Technologies has acquired a 74% stake in GENEART AG, a producer of synthetic genes (see IBO 4/30/10). “Through Life Technologies, GENEART will be able to materially expand its impact through enhanced distribution and commercial capabilities in the United States, […]
Pittsburgh, PA 6/11/10—Wheaton Industries, a manufacturer and repackager of lab supply and packaging products, has been acquired by PNC Equity Partners. Financial details were not disclosed. Wheaton provides laboratory products including glass vials, plastic containers and accessories, and sells directly to specialty OEMs and diagnostic instrument companies. “We were particularly attracted to Wheaton’s growth prospects, […]
Cambridge, MA 5/17/10; Washington, DC 5/17/10—DNA sequencer provider Helicos BioSciences has announced a restructuring plan and strategic shift. The company will now focus solely on molecular diagnostics and has exited the genetic research market. The operational restructuring eliminated 40 positions, or half of the company’s workforce, during the second quarter. “In particular, our technology’s ability […]
Washington, DC 5/5/10; Washington, DC 5/21/10; Washington, DC 5/27/10—Symyx Technologies, which last month entered into a merger agreement with Accelrys (see IBO 4/15/10), announced in SEC filings that a competitor has updated its merger proposals initially made during Symyx’s negotiations with Accelrys. The latest revised offer, made on May 24, is for $6.75 per share […]
Billerica, MA 5/19/10—Bruker has completed the acquisition of Varian’s ICP-MS, laboratory GC and triple quadrupole–GC instrument product lines (see IBO 3/15/10), which make up the new Chemical Analysis Division (CAD), part of the Bruker Daltonics MS business (see IBO 4/15/10). More than 250 former Varian staff have joined Bruker as a result of the acquisition. […]
Dublin, Ireland 5/26/10; Phillipsburg, NJ 5/26/10—Covidien has agreed to sell its Specialty Chemicals business to an affiliate of private equity firm New Mountain Capital for a cash purchase price of $280 million. Fiscal 2009 sales of Specialty Chemicals products totaled $414 million. The Specialty Chemicals business manufactures and supplies high-purity chemicals to the lab, pharmaceutical […]
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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.
