The FDA and prescription benefits manager Medco Health Solutions have entered into a two-year agreement to study pharmacogenomics. Using reports produced by Medco based on the pharmacy claims of its 60 million members, FDA will assess the use of genetic tests for prescribing drugs and determining drug safety, as well as how doctors utilize such […]
Despite sustained economic volatility during August, the US equity markets and US dollar strengthened. Investors were encouraged by better-than-expected manufacturing data, consumer confidence and durable goods orders for July, as well as falling crude oil prices, which declined 7% to end the month at $115.45 a barrel. On August 27, the US Commerce Department revised […]
Company Announcements In June, LifeSpan BioScience announced plans to release 20,000 immunohistochemistry-validated reagent antibodies over the next four years. It currently offers 37,000 reagent antibodies. Embryome Sciences entered into a manufacturing and distribution agreement with Lifeline Cell Technology to produce standardized human and animal progenitor cell lines and corresponding reagents. Embryome Sciences acquired an exclusive […]
For nearly five years, microreactor technology has been touted as being on the verge of a break through and of being adopted in place of accepted methods such as batch reactions and microwave synthesis for both large- and small-scale organic chemical synthesis. Due to the simplicity of batch reactions and the lack of a killer […]
Singapore 8/18/08—Techcomp has acquired an approximately 81% interest in Shanghai Sanco Instrument via the purchase of 68% of Richwell Hightech Systems for RMB 4.8 million ($700,000). Registered as a foreign-invested enterprise in China with capital of $350,000, Shanghai Sanco manufactures and sells diagnostic and analytical instruments. Techcomp stated that the acquisition will provide operational synergies […]
Company Announcements The Beijing Genome Institute and PentaBase ApS are developing real-time PCR kits for the detection of clinical biomarkers. Roche Diagnostics granted a license to BIOTECON Diagnostics GmbH for the development, production and sale of kits for food and GMO analysis using the LightCycler instrument with melting curve analysis technology. Merck KGaA began selling […]
Patent-application filings rose 4.9% in 2006 to over 1.76 million due to more filings by China, Korea and the US, according to the World Intellectual Property Organization. China’s share of patent filings increased 32.1% to 7.3%, compared to shares of 6.6% and 6.7% for Korea and the US, respectively. Filings for drug patents rose 1.7%, […]
Despite rising costs, India will continue to be a popular site for offshore R&D, according to consulting firm Zinnov, which conducted interviews with 120 foreign R&D centers in India. The offshore R&D industry is worth $9.35 billion, is growing 23% annually and is forecasted to be $21.4 billion by 2012. Multinational corporations are fueling the […]
In the calendar-year second quarter, major analytical instrument and laboratory supply companies in general reported an increase in business compared to calendar-year first quarter as applied markets, Asia and consumables continued to be the main growth drivers. In addition, Europe gained some momentum as both Waters and Dionex reported a return to European sales growth, […]
Despite high prices and strong demand for many metals and minerals, mining companies are finding it harder to make new projects profitable. As a result, companies are delaying projects or closing mines. BHP Billiton, Perilya and Teck Cominco have all announced closures or plans to limit output of some mines. Soaring costs for energy, building […]
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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.
