According to Environmental Laboratory Washington Report’s yearly survey, most companies in the environmental testing business reported slightly higher earnings in 2006. However, general expectations for industry growth are not high: most respondents to the survey believe that the market, which generates an estimated $1.7 billion in annual revenues, will be flat in coming years. In […]
Hollywood, FL 5/23/07; Washington, DC 5/23/07—In a busy week for initial public offerings (IPOs) of laboratory product companies (see below), STARLIMS completed its IPO of common stock on the NASDAQ Global Market on May 23, raising an estimated $25.5 million in net proceeds (see IBO 5/15/07). The offering consisted of 2.1 million ordinary shares priced […]
The Japanese government has introduced two new programs to support research centers. The World Premier International Research Center Initiative (WPI) will provide yearly funding of ¥500 million–¥2 billion ($4–$17 million) for five top-level research centers for at least 10 years. For Japanese fiscal year (JFY) 2007 (April 2007–March 2008), WPI’s budget is ¥3.5 billion ($30 […]
New York, NY 5/30/07—Enzo Life Sciences, a subsidiary of Enzo Biochem, has signed an agreement to acquire Axxora Life Sciences for approximately $16.3 million in cash. Axxora, based in San Diego, California, manufactures and markets life science reagents. Two of Axxora’s divisions, ALEXIS Biochemicals and Apotech, are based in Switzerland, and manufacture a variety of […]
Reducing reagent consumption and laborious lab protocols are attributes that labs look for in analytical instrumentation in order to improve their efficiency and productivity. Lab-on-a-chip, or microfluidics, technology is one of the many avenues instrument manufacturers are exploring to provide turnkey solutions that require only microliters of reagents. One of the most successful commercial applications […]
In March, Techcomp announced exclusive distribution agreements in China and Asia Pacific markets with Kurabo Industries, Implen GmbH, Corona and Astranet. In March, the Verder Group and engineering firm Samuel Hodge acquired Autoclude, a manufacturer of peristaltic pumps for the OEM and laboratory markets. In April, Mocon opened a technical support office in Shanghai, China […]
Cambridge, MA 5/24/07; Washington, DC 5/24/07—Helicos Biosciences completed the initial public offering of its common stock on the NASDAQ Global Market on May 24 with a pricing of 5.4 million shares at $9 per share (see IBO 2/28/07). The company had initially announced the offering at $13–$15 per share on May 7 and lowered it […]
A new survey by PricewaterhouseCoopers indicates that Asia is likely to become the top market in the world for medicines, and a major center for research and manufacturing. Of the 185 executives from domestic and multinational companies (MNCs) in Asia who were surveyed, 58% believe that the pharmaceutical industry will shift its focus to Asia. […]
In March, the Health and Human Services (HHS) Secretary’s Advisory Committee on Genetics, Health and Society prepared a draft report called “Realizing the Promise of Pharmacogenomics.” The report recommends that the National Institutes of Health make greater allocations to basic research into the biochemistry and genetics involved in drug metabolism, action and effectiveness. In addition, […]
In April, President Vladimir Putin announced the Presidential Nanotechnology Initiative. At least RUB 28 billion ($1.1 billion) in government funding will be allocated for the initiative through 2010; some funds will go to the purchasing new laboratory equipment. According to the Russian government, RUB 150 billion ($5.8 billion) has already been invested in nanotechnology. Putin […]
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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.
