San Diego, CA 12/23/08—Volcano, a publicly held medical device company, has agreed to acquire Axsun Technologies for $21.5 million in cash. Axsun develops and manufactures MEMS-based lasers and optical engines for optical coherence tomography (OCT) imaging systems, micro-optical spectrometers and optical channel monitors for pharmaceutical, chemical, petrochemical and telecommunication network applications. Axsun posted 2007 sales […]
Washington, DC 12/18/08—BioTrove has withdrawn its IPO registration due to unfavorable market conditions. The company had planned to raise up to $75 million through the IPO (see IBO 4/15/08). BioTrove’s products include the OpenArray Solution system, which can perform thousands of PCR-based genomic analyses, and the RapidFire automated, sample preparation system for MS. Six-month sales […]
London, UK 12/8/08—Scientific Digital Imaging has listed on the London Stock Exchanges’s Alternative Investment Market (see IBO 11/30/08). The company issued 16,663,842 shares. The opening price was 12.5 pence ($0.18) per share, and the closing price at month end was at 11.75 pence ($0.17) per share. The company’s market capitalization is £2 million ($3 million).
Cambridge, MA 12/19/08—Helicos BioSciences, a developer of DNA sequencing technology, has announced an agreement to raise approximately $18.6 million through a private placement sale of its common stock and warrants. Net proceeds are expected to be $17.9 million. Earlier this month, the company announced cost reduction measures (see IBO 12/15/08). Purchasers include current investors such […]
Sunnyvale, CA 12/5/08; Berne, Switzerland 12/5/08—Dionex has announced that President and CEO Lukas Braunschweiler will resign effective May 31, 2009, to accept the position of CEO of Ruag Holding AG, a Swiss aviation, defense and technology company. “It is with mixed emotions that I have decided to leave Dionex after more than six years of […]
Waltham, MA 12/3/08—PerkinElmer has purchased Arnel, a provider of GC systems and software for the petrochemical, food and beverage, and industrial hygiene markets, for an undisclosed amount. Arnel has been PerkinElmer’s exclusive supplier of gas-sampling valve solutions for 18 years. In addition, the companies jointly engineer and market GC instruments and accessories that are sold […]
Milford, MA 12/11/08—Waters has lowered its revenue and non-GAAP EPS forecast for the fourth quarter as a result of weaker than expected instrument orders and deteriorating economic conditions. The company now expects fourth-quarter sales to decline 4%–6% to $410–$420 million, including negative currency effects of approximately 4%. Previous guidance was approximately $454 million in sales, […]
Cambridge, MA 12/2/08; Washington, DC 12/2/08; Washington, DC 12/3/08—Helicos BioSciences, which this year commercialized the HeliScope DNA sequencer, has announced the appointment of Ronald Lowy as part-time CEO. He replaces Steve Lombardi, who will continue as president and as a Board member. Mr. Lowy was president and CEO of Fisher Scientific from November 2004 to […]
Santa Clara, CA 12/3/08—Symyx Technologies, a provider of informatics and automation products, instruments and services, has announced a restructuring that is designed to reduce 2009 expenses by an estimated $15 million, excluding restructuring charges. The company will combine its Tools and Research operations to form the High Productivity Research unit, which will be organized by […]
New York, NY 12/9/08—At its annual investors meeting, Agilent Technologies announced its outlook for fiscal 2009, which began November 1. In providing its expectations for the year, the company has modeled revenue from its Bio-Analytical Measurement (BAM) business to be flat at $2.2 billion, down from 17% growth in fiscal 2008. Regarding BAM, CEO and […]
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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.
