R&D spending may be on the rise in Turkey due to a new measure that lets companies deduct all of their R&D spending from their tax base until 2024, an increase from the previously allowed 40% tax deduction. The law was passed to stimulate exports of technological products and to attract multinational R&D. To be […]
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. […]
In regards to corporate earnings, most investors focus their attention on sales and either net income or earnings per share (EPS). While sales figures are usually straightforward, EPS results are often reported in both GAAP (Generally Accepted Accounting Principles) and nonGAAP adjustments. GAAP results provide a standardized and consistent method to compare results, but do […]
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 […]
Going into this year’s Analytica, the confidence level for a successful event was not particularly high, as signs of negativity seemed unmistakable. After all, talks of a recession in the US and the low dollar could deter many US-based companies from attending the show. The previous Analytica, which was two years ago (see IBO 4/30/06), […]
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 […]
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 […]
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 […]
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 […]
The adoption of MALDI-TOF MS for imaging applications is a major recent development in the MALDI market. Such applications are leading to the rise in demand for sample preparation and data analysis software that are specific to MALDI imaging. Applications lie squarely in the life sciences area, primarily in histopathology. The market for MALDI imaging […]
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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.
