Woburn, MA 4/1/08—BioTrove, a supplier of microfluidic-based laboratory instruments for genomic analysis, has filed with the SEC for an IPO of its common stock on the NASDAQ exchange. Pricing and timing details are yet to be determined. The company sells the Open Array system for multiplex PCR analysis in research and diagnostic applications, and the […]
Company Announcements FEI and the Foundation for Fundamental Research of Matter announced a five-year, €2.7 million ($3.9 million) joint nanotechnology research project to develop electron microscopes and focused ion beam (FIB) systems for single-atom imaging and processing of material structures. FEI opened its fourth NanoPort center of technical and applications excellence in Shanghai, China, in […]
Bruker reported its full-year financial results following the publication of IBO’s quarterly sales issue (see IBO 2/29/08). The company also reported pro forma annual results that include Bruker BioSpin (see IBO 12/15/07), showing what to expect now that the companies have merged. Bruker’s fourth-quarter revenues grew 35.5%, 26% on a currency-neutral basis, to $183.7 million […]
Company Announcements In January, Axela signed a North American distribution agreement with VWR for its dotLab system and reagents. BioForce Nanosciences President and COO Kerry Frey was named president and CEO in January, and former CEO Eric Henderson was named to the newly created position of chief science officer. OpGen appointed Noel Doheny CEO in […]
West Chester, PA 4/1/08—Laboratory product distributor VWR International has acquired Jencons (Scientific), a distributor with annual revenues of approximately $46 million. Based in the UK, Jencons has 110 employees and operations in Ireland, Kenya and North America. Terms were not disclosed. “Their emphasis on instrumentation and equipment will enhance our product and services offerings to […]
Set to launch at the end of this year, a Chinese research program on genetically modified (GM) crops could receive $1.4 billion dollars from the government over the next five years. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), 114.3 million hectares of GM crops were planted worldwide in 2007, an […]
The credit crisis could affect the ability of biotech companies worldwide to raise new funding. Although venture capital funding for biotech did not slow last year, some observers believe the criteria for such investments will become stricter and competition between late- and early-stage companies for such funding could increase. Last year, funding for biotech and […]
The new National Authority for Scientific Research (NASR) will receive AED 100 million ($27 million) per year from the UAE government. Part of the Ministry and Higher Education and Scientific Research, the NASR was started in order for the UAE to be recognized by the international scientific community and to promote scientific research through cooperation […]
Company Announcements Mut AG acquired 51% of tec5 AG in December 2007 for approximately €2.7 million ($3.7 million). Tec5’s estimated 2007 revenues are €5.5 million ($7.5 million). Aspectrics appointed Qwest Scientific Group its exclusive distributor for the Pacific Southwest and Pacific Northwest US. Aspectrics named Scientific Support Services as its exclusive UK and Irish distributor. […]
Uganda’s parliament is set to review the country’s first National Biotechnology and Biosafety Policy, which was passed by the nation’s cabinet on April 2. Along with granting commercialization rights to GM crops, if passed, the law could regulate medical diagnostics, industrial microbiology and biochemical engineering. However, the approval for research of GM crops has been […]
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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.
