As the world economic community grapples with a financial crisis that has shattered the US and European banking industries, constrained credit and unnerved stock markets, business sentiment has plummeted. Despite governmental intervention to shore up liquidity, uncertainty and dread continue to dominate the economic outlook. The fall 2008 IBO Business Climate Survey finds the six-month […]
Donations to charities and other nonprofit institutions that fund medical research could be at risk due to the economic crisis. According to the Center on Philanthropy at the University of Indiana, the level of donations made to charities correlates with the fortunes of the stock markets, but any effects from the current crisis would not […]
Company Announcements Picarro named Iain Green director of Marketing in June. He was previously senior marketing manager of NMR products for Varian. Picarro also appointed Mark Davis as vice president of Sales. He was previously director of US Sales for Hach. Picarro named new two distributors: Sanyo Trading for Japan and KNJ Engineering for South […]
Venlo, the Netherlands 10/1/08; Uppsala, Sweden 10/1/08—QIAGEN NV has acquired the assets of the Biosystems business and the remaining 17.5% of Corbett Life Science (see IBO 7/15/08) from Biotage AB for approximately $53 million in cash and performance milestone payments of up to $7 million over four years. The Biosystems business develops and sells the […]
A recent report prepared by the US Government Accountability Office (GAO) found that the FDA’s monitoring of fresh produce is deficient. In fiscal 2007, the FDA spent a minimum of $20.2 million, approximately 3% of its food safety expenditures, on fresh produce oversight. The FDA’s Office of Regulatory Affairs accounted for 82% of this spending, […]
Company Announcements SPECTRO Analytical Instruments opened a laboratory and sales, service and marketing office in Tokyo, Japan, in May. The facility is jointly operated with EDAX. SPECTRO has an installed base in Japan of more than 700 systems. AMETEK opened an office in Vällingby, Sweden, in June, that will initially provide sales, service and technical […]
Company Announcements Intellection appointed Beamtech Nordiska AB as its exclusive distributor for Sweden, Scandinavia and the Baltic States. Leica Microsystems CMS GmbH named Dr. Stefan Traeger managing director in June. Leica Microsystems CMS GmbH’s Life Science reorganized into three strategic business units in June: Life Science Research, Clinical Imaging and Nanotechnology. FEI will market and […]
Company Announcements During fiscal year 2008, Applied Biosystems discontinued the manufacture of the 433A Peptide Synthesis and the Procise Protein Sequencing systems, but will continue to provide support for existing systems for five years. Oxford Nanopore Technologies announced in August an exclusive agreement to develop and commercialize nanopore technologies developed at Harvard University, the University […]
Palo Atlo, CA 10/14/08—Varian has announced that it expects its sales for the fiscal year ended October 3 to exceed $1 billion. The company forecasts non-GAAP adjusted diluted EPS of more than $2.80, compared to previous guidance of $2.74 plus or minus $0.05. GAAP diluted EPS is expected to exceed $2.11, compared to the previous […]
A total of 633 biotechnology medicines for more than 100 diseases are currently in development, according to the Pharmaceutical Research and Manufacturers of America (PhRMA). By therapeutic category, with some medicines counted in more than one category, the number of biotech medicines in development for cancer and related conditions, at 254, and infectious disease, at […]
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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.
