Santa Clara, CA 5/7/08—Agilent Technologies has acquired the assets of Dowpharma’s Nucleic Acid Medicine business. The purchase is part of Agilent’s expansion of its Nucleic Acid Solutions Division, which offers therapeutic nucleic acid development services and manufacturing solutions. “Agilent will have the ability to serve customers from preclinical through large-scale commercial launch with facilities, equipment […]
Huntingdon, UK 4/23/08—NextGen Sciences has announced that it plans to divest or dissolve its software and instrumentation business and its protein production business within the next six months. The company intends to focus on its life science–research service business, particularly biomarker services. The company also plans to move its headquarters to the US.
Billerica, MA 4/21/08—Bruker has announced it will incur approximately $12 million in pretax foreign exchanges losses in the first quarter, which are forecasted to reduce EPS by approximately $0.06 cents after tax. The company attributed the losses to the weakening of the US dollar and an unexpected strengthening of the Swiss Franc in the five […]
Ludwigshafen and Heidelberg, Germany 4/3/08—Chemical firm BASF SE has acquired a 75% stake plus one share in hte AG, a provider of high-throughput experimentation products and services for catalysis, material science and formulations. Hte’s owners included private equity firms 3i Group. Financial details were not disclosed. BASF previously owned 12.7% of the company, in which […]
South San Francisco, CA 4/16/08—Fluidigm, which develops, manufactures and sells Integrated Fluidic Circuit systems (IFCs) for life science research, has filed for an IPO on the NASDAQ stock exchange. The number of shares to be offered and the price have not yet been determined. According to the filing, in 2007, Fluidigm’s revenues increased 19.9% to […]
Odense, Denmark 4/28/08; Palo Alto, CA 4/28/08—Proxeon A/S has entered into an OEM agreement to provide its nanoscale Easy-nLC system to Varian for interface with Varian’s 920-MS Fourier Transform triple quadrupole MS. The Easy-nLC will be sold as the Varian 216-LC. “The performance of LC/MS configurations has become increasingly significant in the proteomics market,” stated […]
Palo Alto, CA 4/7/08; Abingdon, UK 4/7/08—Varian has acquired Oxford Instruments’ spin out Oxford Diffraction for $37 million in cash and assumed net debt. Oxford Diffraction, of which Oxford Instruments held a 23% stake, develops and manufactures x-ray crystallography instrumentation for pharmaceutical research. The company posted revenues of $15 million for the year ended March […]
Migdal Ha’emek, Israel 4/15/08—Jordan Valley Semiconductors has acquired the assets of X-ray diffraction metrology company Bede, which went into administration last month (see IBO 3/31/08). “The acquired technology will fit into our product line almost seamlessly and will strengthen Jordan Valley’s position as the market leader in X-ray metrology,” stated Jordan Valley CEO Isaac Mazor.
San Diego, CA 4/3/08; Santa Clara, CA 4/14/08—Leading microarray provider Affymetrix has reduced its 2008 revenue guidance by approximately 3% to $409–$510 million from $505–$525 million, which would result in sales growth of 10%–37%. The company attributed the reduction to its expectations for lower research spending by pharmaceutical and industrial customers and stated it is […]
West Chester, PA 4/1/08—Laboratory product distributor VWR International has acquired Jencons (Scientific), a distributor with annual revenues of approximately $46 million. Based in the UK, Jencons has 110 employees and operations in Ireland, Kenya and North America. Terms were not disclosed. “Their emphasis on instrumentation and equipment will enhance our product and services offerings to […]
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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.
