At the third annual meeting of the Strategic Council for the Health Industry (CSIS), members of the government and leaders in the French health industry discussed methods to boost R&D spending and create more jobs. One goal of the CSIS is to increase the amount spent on R&D in the health industry by 10% over […]

Company Announcements Beckman Coulter signed an OEM and supply agreement in fall 2006 to provide the Agencourt RNAClean nucleic acid purification product for packaging in NuGEN Technologies’ WT-Ovation Pico RNA Amplification System. Finnzymes Instruments licensed key thermal cycler and PCR patents from Applied Biosystems in fall 2006. In January, Finnzymes Instruments and Bridge Biosciences formed […]

According to a survey by Chemical & Engineering News, the 16 chemical firms that gave answers about capital spending will increase capital spending by an average of 7.6% this year. Increases of 28.1% and 16.5% were recorded in 2005 and 2006, respectively. Among the firms, the largest increase in capital investments, 36.4%, will be recorded […]

South Korea’s economy is expected to grow by 4.5% this year, down from 5% last year. Last year, approximately 300,000 new jobs were created in the country, falling short of a goal of 350,000 jobs. To increase the number of jobs, ramp up investments and spur R&D activities, government will partner with the industry. The […]

M&A activity among pharmaceutical outsourcing companies in 2006 was rapid. In this highly fragmented industry, consolidation often marked companies’ interest in establishing an international reach. Covalent Group’s acquisition of Remedium Oy is an example of this. Another trend was a shift among private equity firms towards expanding their portfolio outsourcing companies with an eye on […]