A new Supreme Court ruling has re-examined the criteria for patenting diagnostic tests, which may have a significant impact on personalized medicine. The Court declared two tests patented by Nestlé’s Prometheus Laboratories invalid because the methods contained within them are already recognized and practiced by scientists. The Court dismissed Prometheus’s claim that its steps were […]
According to a new working paper from UnitedHealth Group, genetic tests are available for 2,500 conditions. There are between 1,000 and 1,300 genetic tests, but only 400 have evidence-based guidelines. Seven manufacturers lead the market and 1,000 US labs offer such tests. UnitedHealth estimates that in 2010 it spent $500 million on genetic and molecular […]
The FDA approved 34 new molecular entities in its fiscal year ending September 30, 2011; the highest number since 2007. Eleven biologics license applications were approved. Biologic approvals included a high number of orphan indicators and first-time approvals for companies. Seattle Genetics’ Adcetris for treating Hodgkin’s lymphoma and systemic anaplastic large cell lymphoma was approved. […]
In his 2013 budget, President Obama proposed total federal R&D spending of $140.8 billion; a 1.4% increase over 2012 enacted levels. Basic and applied research funding would grow 1.5% and 5.0% to $30.6 billion and $33.4 billion, respectively. Development funding would decrease less than 1% to $74.1 billion. The proposal includes a 10.9% R&D boost […]
On February 9, the FDA released its guidelines on biosimilars, which propose an “abbreviated pathway” for approval that would vary by product. The biosimilar must be shown to be “highly similar” to the original. The requirements for clinical and animal studies would depend on an evaluation of analytical data, as well as scientific and manufacturing […]
The Obama administration announced this month $80 million in new funding for Alzheimer’s disease research, adding to the $450 million the NIH currently spends. The NIH will receive $50 million in reallocated money for fiscal 2012, half of which will go to sequencing centers funded by the National Human Genome Research Institute to sequence the […]
The number of hectares of biotech crops increased 8% in 2011 to 160 million. Twenty-nine countries grew biotech crops last year, led by the US (43% of total hectares), Brazil (19%) and Argentina (15%). Twelve countries planted stacked-trait crops, which accounted for 42.2 million hectares. Brazil was the country whose hectarage of biotech crops grew […]
To increase sluggish returns on investment, pharmaceutical and biotechnology firms are relying more on CROs, according to a new report from the Economist Intelligence Unit (EIU). In the last two years, pharmaceutical and biotech firms have established 22 major partnerships with CROs, which now account for 40% of discovery and development (D&D). In September 2011, […]
The percentage of NIH research grant applications that were funded fell 3% to a record low of 18% in fiscal 2011. The decline is mainly due to the funding of continuing multiyear R01 grants. Funding such grants cost the NIH an additional $189 million and accounted for 78% of available grant money. Another factor was […]
According to the Industrial Research Institute’s (IRI) 28th annual “R&D Trends Forecast,” 53% of respondents plan to spend the same amount on R&D in 2012 as last year. The IRI surveyed R&D managers at 104 firms in multiple industries in July and August 2011. R&D budget increases of 2.5% to 5% are expected by 22% […]
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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.

