Waltham, MA 10/3/07; New York, NY 10/3/07; 10/9/07—On October 3, the company announced the acquisition of Priority Solutions International from majority owner Arsenal Capital Partners for an undisclosed sum. Priority Solutions International provides third-party logistics to the pharmaceutical and healthcare industries and had 2006 revenues of around $95 million. “This acquisition brings tremendous logistics expertise […]
Second quarter revenues for IBO’s Lab Equipment/Consumables Sales Index grew 10.0% to $804 million, and operating profits jumped 18.0% to $222 million, leading operating margins to improve 190 basis points to 27.6% of sales. At publication time, 11 of the 12 Index firms had reported results, with estimates made only for Diploma. Biohit Oyj’s second […]
DataApex appointed Gallery Science a Premium Partner, and thus a wholesaler to other distribution channels, for North America and the Caribbean Islands. In June, Eksigent named Bionoetikos as a distributor for its NanoLC HPLC product line in Southeast Asia. In July, Eksigent signed a distribution agreement for its NanoLC product line with Nova Analítica for […]
The 2007 EU Industrial R&D Investment Scoreboard shows aggregate R&D spending by 2,000 of the world’s top companies rose 10% in fiscal 2006 to €371.6 billion ($464.5 billion). R&D expenditures by the 1,000 non-EU companies surveyed rose 11.1% to €250.5 billion ($313.1 billion), compared to 7.7% in 2005. R&D spending for the 1,000 EU companies […]
Waltham, MA and Cambridge, MA 10/1/07—PerkinElmer has agreed to acquire publicly listed ViaCell for $7.25 per share, a 52% premium over the stock’s September 30 closing price, for an aggregated price of approximately $300 million, or $260 million net of cash. ViaCell specializes in the collection and preservation of umbilical cord blood stem cells and, […]
The history of London, England’s laboratory product exhibitions is long and varied. There used to be a very successful lab exhibition and scientific conference in London called The British Laboratory Week, or Lab Week for short (fancy that, a whole week). Some 20 years ago, a competing event was launched and the British lab scene […]
Holliston, MA 10/11/07—Harvard Bioscience has acquired Panlab for $5.0 million in cash. Panlab manufactures and distributes life science instruments, primarily for the neuroscience research market. “With the acquisition of Panlab, we are able to expand our distribution channels by establishing a subsidiary in Spain. In addition, the acquisition provides us access into a segment of […]
China is already the world’s leading producer of drug raw materials, and it is beginning to make its first steps into the generics market. This summer, Zhejiang Huahai Pharmaceutical, a pharmaceuticals firm based in Linhai, became the first Chinese company to be approved to export drugs to the US. Huahai’s generic version of nevirapine—an AIDS […]
The “competitiveness clusters” (pôles de competitivité) initiative, instituted in 2004 with an allocation of €1.5 billion ($1.85 billion) to be spent by the end of 2008, was established in order to develop the commercial potential of innovation. Of this €1.5 billion, €732 million was to be distributed to R&D for projects, €575 million was to […]
Biotech drug sales in the US have increased an average of 20% over the last five years and reached a total of $39.92 billion in 2006. Growth factors, primarily erythropoietins and colony-stimulating factors, represented 35.4% of the market in 2006. Monoclonal antibodies, mostly for oncology, and autoimmune and inflammation disorders, made up 28.5% of the […]
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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.
