Pharmaceutical and Biotechnology EvaluatePharma forecast that R&D spending by pharmaceutical companies will rise 1.0% this year to $134 billion, according to a June 2011 report. From now until 2016, R&D spending by drug companies is expected to grow an average of 2.5% annually to total $147 billion. EvaluatePharma forecasted prescription drug revenues to have a […]
According to Battelle and R&D Magazine, R&D spending worldwide is estimated to increase 5.2% to $1,402.6 billion in 2012 measured in purchase powered parity, compared to growth of 6.5% in 2011. Asian R&D spending is expected to increase the fastest, rising 9% next year to $514.4 billion to account for 37% of total global R&D […]
This month, the EPA finalized US standards for mercury and air toxics emissions from power plants. The regulations are expected to affect 1,100 coal-fired units and 300 oil-fired units at a total of 600 power plants. Power plants are responsible for approximately 50% of mercury emissions and 77% of acid gas emissions. The standards provide […]
In order to meet increasing demands for safety and cost effectiveness, more drugs are being developed with diagnostic tests to target specific patient populations. This summer, the FDA issued guidelines for drug and diagnostic combinations, and the FDA approved two such products: Xalkori for lung cancer and Zelboraf for treating melanoma. The Personalized Medicine Coalition […]
As silicon-based photolithography reaches its feasible limits resulting in leaking electricity and rising manufacturing costs, manufacturers are searching for a new approach to make semiconductors. To make smaller circuits more quickly and less expensively, Intel and IBM are seeking to reduce the size of the smallest component from 32 nm to 7 nm using carbon […]
The National Human Genome Research Institute (NHGRI) has announced a four-year, $416 million plan to expand its Genome Sequencing Program. An initial amount of $86 million annually will support basic research, new initiatives and technological improvements at three large genome sequencing centers. For the first year, fiscal 2012, the Broad Institute, Washington University and Baylor […]
More often than not, scientists are unable to reproduce medical research results. The lack of reproducibility is likely due to more complicated experiments as laboratory methods evolve, the use of different equipment and materials by different studies, the high number of variables present in a study, authors not presenting all information to other researchers, and […]
Among the issues raised in a November report by the US Department of Energy’s (DOE) Office of Inspector General reviewing management challenges for fiscal 2012 was the cost of DOE labs. The report recommends the creation of an independent commission to analyze the DOE’s R&D lab complex. The DOE spends $10.4 billion annually to run […]
The World Steel Association’s October 2011 short-range outlook predicts that worldwide apparent steel use, which it defines as steel deliveries from domestic producers and importers and not from inventories, will increase 6.5% to 1,398 million metric tons (mmt) in 2011, down from 15.1% growth last year. Global steel demand should grow 5.4% in 2012. China […]
From 2010 to 2011, 10 of the 12 drug firms that spend the most on R&D had declining Internal Rates of Return (IRR), which is the return firms expect on investment. The firms were Pfizer, Sanofi, Takeda, Roche, AstraZeneca, Merck, Novartis, GlaxoSmithKline, Amgen, Eli Lilly, Johnson & Johnson and Bristol-Myers Squibb. The collective IRR for […]
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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.

