Sunnyvale, CA and Toronto, Canada 1/29/07—MDS has signed a definitive agreement to purchase Molecular Devices for $615 million in cash, or $35.50 per share, a 49% premium over the January 26 trading price. In the first 12 months, the acquisition is expected to add $190 million in revenues and $45–$50 million in EBITDA (earnings before […]
Company Announcements Axsun Technologies opened a direct office in the UK in 2006. Endress+Hauser opened a new production site in Suzhou, China to manufacture level, pressure, temperature and analytical measuring devices. Three production centers will move to the 7,850 sq. meter building. Bay-Tec Engineering licensed Finesse’s TruBio Bioreactor Control Operating System. Sionex named Eric Kirleis […]
The global area of biotech crops grew 13% to 102 million hectares (252 million acres) in 2006. The US leads the world, with 54.6 million hectares (134.9 million acres) of biotech crops, followed by Argentina with 18 million hectares (44.5 million acres) and Brazil with 11.5 million hectares (28.4 million acres). India posted the largest […]
There were a number of changes to this month’s IBO stock table. A new stock index was created, the Diversified Instrumentation Stock Index, which consists of six large companies (Agilent Technologies, AMETEK, Danaher, Mettler-Toledo International, Roper Industries and Teledyne Technologies) that manufacture a wide variety of products, including analytical and life science instruments. Other changes […]
In January 2005, India achieved compliance with the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights, which, among other things, protect drug patents. Last September, Biocon’s BIOMAb-EGFR became the first new drug to be developed, tested and taken through approval by an Indian company. However, of India’s estimated 20,000 drug firms, few are developing […]
Oakdale, MN 1/5/07—Dyneon, a subsidiary of 3M, has acquired 3M’s Bioanalytical Technologies business, including the Empore solid phase extraction product line, effective January 1. 3M Bioanalytical Technologies previously operated as a separate operating unit within 3M. Based in Oakdale, Minnesota, Dyneon is a suppler of fluoropolymers and has 800 employees.
Company Announcements Proxeon appointed Mårten Winge CEO in 2006. He joined the company from Olink Bioscience. Cenix BioScience GmbH, Applied Biosystems and the Biotechnology Center of the Technische Universität Dresden established a joint facility to develop tools and methods to enable more detailed and probative analyses of the cellular functions of therapeutically relevant genes. Applied […]
Company Announcements YSI named Man (Waylon) Cheung to the newly created position of director of Asia Pacific Region. He was most recently key accounts manager for Emerson Process Management in China. Product Introductions Mettler-Toledo released a portable kit specifically for USP conductivity measurements, featuring the SG7 SevenGo Pro Portable conductivity meter and InLab 740 USP […]
To spur the industrial application of microbial genome research, top companies in the chemical, pharmaceutical and nutrition industries have formed the Industrieverbund Mikrobielle Genomforschung (IMG). Among the member companies are BASF, Degussa and Wacker-Chemie. IMG will develop a variety of projects, including fermentation and enzymatic processes that are cheaper and less damaging to the environment […]
Brentford, UK 1/18/07—Whatman announced that CEO Bill Emhiser (see IBO 9/30/05) has been replaced with Kieran Murphy, former chief executive of pharmaceutical company Innovata. The change follows disappointing sales results for 2006. The company estimates 2006 revenues rose 5% to £114 million ($211.1 million), missing November estimates of 6%–7% growth, and are expected to result […]
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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.
