San Diego, CA 9/23/08—Sequenom has agreed to acquire the Center for Molecular Medicine (CMM), a Clinical Laboratory Improvement Act–approved molecular pathology lab, for approximately $4.0 million, less CMM’s cash at closing. Ninety percent of the purchase price will be paid in stock. Based in Grand Rapids, Michigan, CMM is a joint venture of nonprofit health […]
On Monday, September 29, the US House of Representatives rejected the $700 billion bailout package, sending the Dow Jones Industrial Average, S&P 500 and NASDAQ down 7.0%, 8.8% and 9.1%, respectively. It was the largest single-day point decline for the Dow Jones in its history. The plan, which would provide immediate short-term credit relief, was […]
Chalfont St. Giles, England 9/30/08; Boston, MA 9/30/08—GE Healthcare has acquired MicroCal, a developer and manufacturer of microcalorimeters, for an undisclosed amount from majority owner Riverside Partners and other investors. MicroCal’s 2008 revenues are estimated to be $28 million, up from $21 million in 2007, and have grown at more than 25% annually. According to […]
Company Announcements Cambridge Isotope Laboratories acquired the Spectra Stable Isotopes division of Spectra Gases, a subsidiary of Linde Gas, in July. Cambridge Isotope Laboratories agreed to distribute CellFree Sciences’ WEPRO Expression Kits and reagents for cell-free protein production for NMR and MS applications in North America and Europe. Anaspec licensed its HiLytePlus and HiLyte Fluor […]
Company Announcements Illumina partnered with Genpathway to provide whole-genome ChIP sequencing services. Illumina named its first certified genetic analysis service provider (CSPro) in Japan, Mitsubishi Chemical Safety Institute, and its first German CSPro, LIFE & BRAIN. Illumina named Fredrick Clerie vice president, Quality Assurance and Regulatory Affairs. He was previously vice president of Global Quality […]
According to Hydrocarbon Processing’s HPI Construction Boxscore Survey, the total number of hydrocarbon projects worldwide grew 12% between June 2007 and June 2008 to 5,029. Rising the fastest were the number of synfuel projects, which grew 15%, while gas processing projects increased 15% and refining projects rose 11%. All other projects grew 26%. However, the […]
This month, Sweden announced the largest R&D investment in its history. The Swedish government’s 2009 budget commits SEK 2.4 billion ($364 million) in 2009 to research funding. Such funding will reach SEK 5 billion in 2012. The funding includes the elimination of the value added tax on education. Medicine, technology and the climate will receive […]
This month, the FDA issued draft guidance on regulating genetically engineered animals (GE) for a 60-day comment period. A GE animal contains a heritable recombinant DNA (rDNA) construct that gives it new traits or characteristics. GE animals include animals that produce pharmaceuticals, industrial or consumer products, as well as animals used as human disease models […]
In the second installment of IBO’s twice yearly look at new laboratories, we examine nonprofit projects in the US, new pharmaceutical and contract research organization (CRO) labs, as well as new food testing and food R&D labs. Nonprofits and Medical Schools The three nonprofit institutions listed in the table on page 3 are among the […]
According to South Africa’s “National Survey of Research and Experimental Development: the country’s gross domestic expenditure on R&D totaled ZAR 16,520.6 million ($1.95 billion), 0.95% of GDP, in 2006-2007 for a nominal annual increase of 16.8%. Engineering sciences, natural sciences, and medical and health sciences comprised 20.9%, 20.3% and 15.1% of R&D, respectively. Applied sciences […]
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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.
