Munich, Germany 7/1/09; Munich, Germany 7/1/09—Agilent Technologies has sold the assets of TILL Photonics GmbH, a provider of fluorescence microscopes, to a German consortium. The consortium is led by TOPTICA Photonics AG, a manufacturer and distributor of diode lasers, fiber lasers and laser systems for scientific and industrial applications. The consortium also includes Frank Lison, […]
Santa Clara, CA and Palo Alto, CA, 7/27/09—Agilent Technology has signed a definitive agreement to acquire Varian for $1.5 billion, subject to regulatory and Varian shareholder approval. Agilent will pay $52 in cash per share of common stock, a 33% premium over Varian’s July 24 closing price of $39.20. The acquisition will expand Agilent’s products […]
Poway, CA 7/7/09—Private equity firm Telegraph Hill Partners has purchased a majority stake in NEXUS Biosystems, a provider of automated sample management systems. The majority equity and growth financing will be used to commercialize NEXUS’s new series of -80°C BioStores. Deval Lashkari, PhD, and Glenn Novotny, both partners in Telegraph Hill, will join the company’s […]
Tory, NY 6/6/09—Evident Technologies, a maker of quantum dots, has filed for Chapter 11 reorganization, seeking a $1.35 million debtor in financing package. “Defending a lawsuit in the Eastern District of Texas for patent infringement required us to spend at an unsustainable rate,” said Clinton Ballinger, CEO of Evident Technologies. “The restructuring plan associated with […]
Lombard, IL 6/25/09—Orochem Technologies, a supplier of sample preparation products for life science, has acquired Oligonet, a custom oligonucleotide synthesis business based in Gaithersburg, Maryland. Financial details were not disclosed. “We saw great synergy between the Orochem and Oligonet products and this acquisition helps us offer a complete line of products to our customers,” stated […]
Danvers, MA 7/9/09—Cell Signaling Technology (CST), a manufacturer of antibodies and reagent products, has acquired all the shares of Netherlands-based BIOKÉ BV, its distributor for the Benelux region. Renamed Cell Signaling Technology Europe, the business will begin filling orders effective January 1, 2010. “This acquisition will permit CST to better support its European customers and […]
San Diego, CA 7/1/09—Illumina has revised its forecast for the second quarter and year-end. The company now expects second-quarter revenues of approximately $161 million, compared to guidance of $168–$173 million (see IBO 5/15/09). Full-year revenues are now estimated to be $690–$720 million. Citing a sequential quarterly decline in array revenue for the change, Illumina highlighted […]
Guildford, UK 6/26/09; London, UK 6/26/09—IDBS, a provider of data management solutions, has agreed to acquire InforSense for £5 million ($8.2 million = £0.61 = $1 ) in cash. InforSense supplies integration technologies and web-based interactive analytics. “This is a major enabling step towards becoming the number one informatics partner of R&D worldwide,” commented Neil […]
San Diego, CA 6/22/09; Washington, DC 6/25/09—The US District Court for the Southern District of California has dismissed Beckman Coulter and Orchid Cellmark’s patent infringement suit against Sequenom (see IBO 6/15/08), following the parties’ stipulation for dismissal. Sequenom stated that the patent infringement action was dismissed with prejudice, meaning it cannot be brought again, and […]
Chalfont St. Giles, England and Menlo Park, CA 6/30/09; Cambridgeshire, UK 6/25/09—GE Healthcare has entered into an exclusive license and alliance agreement with biopharmaceutical firm Geron to develop and commercialize cellular assay products derived from human embryonic stem cells (hESCs) for use in drug discovery, development and toxicity screening. GE has licensed Geron’s intellectual property […]
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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.
