Although margins for US refineries plummeted between the first and second halves of 2007, a series of mergers and acquisitions are expected to take place during 2008. Large refiners and oil companies may begin selling their facilities in order to protect their bottom lines as prices for oil reach all-time highs. Smaller refiners, international firms […]
With the US Congress having completed its work for 2007 without reauthorizing the R&D tax credit, thousands of companies can expect tax increases in 2008. The R&D Credit Coalition estimates that the credit is equal to an average of six cents for every R&D dollar. Eleven thousand companies currently claim the credit, which saved businesses […]
Last month, the Association of University Technology Managers (AUTM) released the summary report of its “AUTM US Licensing Activity Survey: FY2006.” According to the survey, US universities, hospitals and research institutions received $45.4 billion during fiscal 2006, a 7.3% increase over the previous year. The average annual funding growth rate since 1997 is 8.6%. Sixty-eight […]
A survey of 94 semiconductor industry executives by KPMG found that the growth of capital expenditures and R&D spending by the industry could slow this year. Seventy-five percent of the surveyed executives reported that R&D spending will grow in fiscal 2008, down from the 85% last year. R&D spending will increase by 6% or more […]
This month, the National Institutes of Health (NIH) announced the Human Microbiome Project. The human microbiome is comprised of the genomes of every micro-organism in humans. The Project will provide $115 million over five years to sequence and characterize at least 600 microbial genomes. Samples will be grown in laboratories and collected from the digestive […]
Witnesses at last month’s hearing of the House Energy and Commerce Subcommittee on Oversight and Investigations detailed the FDA’s insufficient policies for assuring the quality of foreign-manufactured drugs and active pharmaceutical ingredients (APIs). According to the GAO, 80% of APIs and 40% of all finished drugs sold in the US are imported. The GAO said […]
A worldwide shortage of helium is driving prices of the element higher, forcing helium users in many industries to adapt. Demand for helium has been boosted by a wide array of scientific uses, increasing by 80% over the last 20 years in the US and rising by more than 20% annually in developing economies. Because […]
Firms that produce monoclonal antibodies (mAbs) have proven to be a popular acquisition choice for pharmaceutical companies. Some of the larger acquisitions of mAb producers by pharmaceutical companies this year were Bristol-Myers Squibb’s purchase of Adnexus for $415 million in September and Roche’s $56.5 million payout for Therapeutic Human Polyclonals in April. This trend can […]
Spurred by the likelihood of rising fuel demand in developing economies and increasingly stringent regulations for carbon dioxide emissions in developed economies, several of the leading oil producers have been investing heavily in partnerships with universities for biofuel research. The most substantial of these investments is $500 million from BP for a 10-year consortium among […]
The Secretary’s Advisory Committee for Genetics, Health and Society (SACGHS), a section of the Health and Human Services department, has released a draft report of its investigation of the oversight systems for genetic testing, including its recommendations for improving these systems. The report calls for the development of enforcement methods against labs performing genetic tests […]
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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.
