An increasing number of biotech companies are listing on the Swiss Exchange (SWX). As of the end of 2006, there were 137 biotech companies and 61 biotech suppliers in Switzerland. According to the Swiss State Secretariat for Economic Affairs, combined revenues of these companies reached CHF 6 billion ($4.99 billion) last year. Approximately one of […]

By the time Bio-Rad Laboratories acquired Ciphergen Biosystems’ ProteinChip systems business for $20 million (see IBO 8/15/06) in November last year, the product line had a rocky commercial history. Sales of the ProteinChip system, which was launched in 1999, and related products peaked in 2003. The ProteinChip system uses chip-based chromatography to separate and enrich […]

Millipore and CXR Biosciences introduced new antibodies for preclinical drug development in March. Corning Life Sciences released two 96-well microplates and two 100 mm tissue-culture dishes, featuring the Ultra-Web synthetic surface technology (see IBO 6/15/06). Promega introduced GloResponse Luciferase Reporter Cell Lines for cell signaling analysis. Sigma-Aldrich launched the AQUA (Absolute Quantitation) Peptide Partnership Program, […]

Once again volatility ruled the markets in July. The major indexes experienced several extreme swings, both positive and negative, mainly due to conflicting news of positive earnings reports and analyst concerns over the debt markets. In response to subprime and other mortgage debt issues, lenders reported tightening liquidity restrictions in the corporate sector. Such limitations […]

Waltham, MA 7/26/07—PerkinElmer has announced that Robert F. Friel, president of the company’s Life and Analytical Sciences division (LAS), will become president and COO, effective August 1. He is expected to be named CEO in February 2008, replacing Gregory L. Summe, who will become executive chairman until April 2009. The LAS presidency is not expected […]

Called Ilha Formosa (beautiful island) by Portuguese explorers, Taiwan has proven to be an attractive location for an array of high-tech industries. Revenue at Taiwan’s three major science parks—Hsinchu Science Park, the Central Taiwan Science Park and the Southern Taiwan Science Park—is expected to top TWD 2 trillion ($60.8 billion) in 2007, according to Taiwan’s […]

According to the 2006 annual report by Enterprise Ireland, the Irish government’s agency for improving industry, the organization approved 194 R&D projects, worth €52.9 million ($72.3 million) in funding. Enterprise Ireland’s Innovation Partnerships funded 63 collaborations between universities and industry in 2006. To further the creation of links between universities and industry, a €30 million […]

Thermo Fisher Scientific has entered into an agreement to acquire India-based Qualigens Fine Chemicals from GlaxoSmithKline Pharmaceuticals for INR 240 crore ($59.5 million). According to Thermo, Qualigens is India’s largest laboratory chemical manufacturer and supplier. Based in Mumbai with 150 employees country-wide, Qualigen’s manufactures and sells fine chemicals, diagnostic kits and laboratory products, and had […]

Abingdon, UK 7/26/07—Oxford Instruments has agreed to acquire 81.4% of Worldwide Analytical Systems AG (WAS), a supplier of arc/spark optical emission spectrometers. Oxford Instruments will pay a maximum of £9.3 million ($19.1 million) in cash. Based in Uedem, Germany, with 67 employees, WAS generated 2006 revenues of £5.7 million ($10.5 million) and a profit of […]