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, […]
Carlsbad, CA and Norwalk, CT 11/20/08; Carlsbad, CA 11/21/08; Carlsbad, CA 11/26/08—Invitrogen completed its acquisition of Applied Biosystems (ABI) on November 21 (see IBO 6/15/08) and began trading as Life Technologies Corporation on the NASDAQ Global Select Market on November 24 under the ticker symbol “LIFE” (see IBO 11/15/08). “By combining these two highly respected […]
The European Chemical Industry Council (Cefic) forecasts that chemical production by the EU27 countries will decline 0.3% in 2009, after rising 0.2% this year. In contrast, US chemical production is expected to decline 1.1% this year before increasing 0.5% in 2009. Excluding pharmaceuticals, EU27 and US chemical output are each forecasted to decline this year, […]
Cambridge, UK 10/20/08; London, England 11/24/08—Scientific Digital Imaging has announced that it plans to list on the London Stock Market’s Alternative Investment Market (AIM) on December 8. The company’s primary business is Synoptics, a provider of imaging instruments for life science research. It recently acquired Artemis, a UK-based supplier of cooled CCD cameras, and Persu, […]
Albuquerque, NM 11/7/08—The New Mexico Business Weekly reported on November 7 that Invitrogen has acquired Acoustic Cytometry Systems. Located in Los Alamos, New Mexico, and founded in 2006, Acoustic Cytometry Systems is developing flow cytometers based on acoustic-focusing technology licensed from Los Alamos National Laboratory (LANL) and associated reagents. According to a business presentation by […]
Brazil’s Ministry of Science and Technology will fund seven nanotechnology institutes as part of the PACTI project. For nanotech, PACTI calls for the development of a long-term strategic plan and innovative support mechanisms, as well as increased research infrastructure and personnel. Under PACTI, nanotech will receive €23 million ($29.5 million) over four years. Milestones in […]
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 […]
Properly mixing solutions ensures uniformity of mixture components, temperature and pH throughout a sample container. Mixing also helps to dissolve solids in liquids and speeds up enzymatic reactions. As important as mixing might be in any assay, it is a step that is often overlooked or shortened by laboratories in the interest of time. While […]
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 […]
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 […]
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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.
