According to a new study by Wood Mackenzie, of the 160 refining projects announced since 2005 and scheduled to be operational between the next two to seven years, only 30 are expected to be completed. Nearly all of the projects that are going ahead are funded by national oil companies and will provide 12 million […]
Even a new president-elect could not appease the markets. Increased anxiety over the credit markets and potential bankruptcies by the auto industry and remaining national banks propelled markets on an unrelenting decline. In the two days beginning November 4, the Dow Jones Industrial Average, S&P 500 and NASDAQ fell 9.7%, 10.0% and 9.6%, respectively. However, […]
Science published a study on November 6 conducted by researchers from the University of Alberta in Edmonton, Canada, claiming that chemical compounds leached from disposable plastic consumables tainted experiment data. In an interview with IBO, Dr. Andrew Holt, a researcher involved in the study, made it clear that the results could have wide-ranging implications. “I […]
Company Announcements Ahura Scientific announced three new distributors: Nucletron Technologies GmbH for Germany and Austria, HazmatLINK for the UK and Benelux, and RMI for the Czech and Slovak Republics. T-Ray Science exclusively licensed MIT’s technology for dual-mode, pulsed and continuous TeraHertz waves. Product Introductions X-Rite launched the xDNA system with the M98 handheld spectrophotometer for […]
Company Announcements GENEART AG extended its strategic collaboration with QIAGEN NV to include synthetic human genes optimized for use in insect or mammalian cells in addition to those designed for production in E.coli bacteria. GENEART AG established a subsidiary on the US West Coast in San Francisco, California. Invitrogen named Joe Beery as head of […]
The International Cancer Genome Consortium (ICGC) has announced projects in eight countries involving 11 funding organizations to study the genomic changes in eight forms of cancer. Each projects is expected to cost $20 million. Source: ICGC
The Chinese Academy of Science (CAS) has released a draft of its plan to promote the sharing of research instruments and development of new instrumentation by researchers. The plan is designed to improve coordination among CAS scientists by centralizing research facilities. Under the plan, between 30 and 50 pilot centers will be established. CAS would […]
Following years of governmental disinterest, Argentinian researchers are greeting last year’s election of President Cristina Fernández de Kirchner as a turning point. In addition to establishing the Ministry of Science, Technology and Productive Innovation, she plans to increase science and technology investments from 0.66% of GDP to 1% of GDP by 2010. To reverse the […]
Goettingen, Germany 10/31/08—Sartorius Stedim Biotech GmbH has acquired Wave Biotech AG, a developer of single-use bioreactors for bipharmaceutical manufacturing, for an undisclosed amount. The two companies have worked together since 2006 and Sartorius Stedim Biotech exclusively markets Wave Biotech’s products, Wave Biotech’s products are expected to contribute €10 million ($13 million) in revenues this year […]
Unable to raise funding, a number of biotechnology companies could soon go out of business. Five US biotech firms have filed for bankruptcy in the last month alone. Burrill & Co. report that in the first nine months of 2008, the amount of money raised by biotech companies fell 54% to $9.7 billion. Financing for […]
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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.
