The steel industry could be ripe for a new round of mergers and acquisitions. The $800 billion industry has already experienced a number of mega-mergers during the last 10 years. Steel prices have fallen 50% over the last four months, as have stock valuations, leaving many companies vulnerable to takeovers. Companies with substantial cash and […]
New York, NY 12/9/08—At its annual investors meeting, Agilent Technologies announced its outlook for fiscal 2009, which began November 1. In providing its expectations for the year, the company has modeled revenue from its Bio-Analytical Measurement (BAM) business to be flat at $2.2 billion, down from 17% growth in fiscal 2008. Regarding BAM, CEO and […]
Universities worldwide are tightening spending in the wake of the financial markets’ downturn. In Japan, Keio University has reported $233 million in investment losses. In the US, financial losses at Yale and Harvard have forced the colleges to delay new buildings and new hires. The failure of Iceland’s banking industry has hit UK universities, including […]
The FDA will continue to allow off-label use of the antibiotic cephalosporin in animals raised for food, including cows, chickens and pigs. In July, the FDA announced that it would crack down on the use of off-label antibiotics in animals used for food. The American Medical Association is among the groups critical of the overuse […]
Russia’s Nanotechnology Corporation (Rosnano) will account for half of the country’s “midterm” investment of $10 billion in nanotechnology, according to Deputy Prime Minister Sergei Ivanov. Established in 2007 by the Russian government, Rosnano is designed to attract private investments in nanotechnology and to improve the country’s nanotechnology output. Rosnano is currently set to receive $4.65 […]
Salt Lake City, Utah 12/8/08—Brigham Young University (BYU) and MS company Torion Technologies have filed suit against Hitachi High-Technologies America in the US District Court for the District of Utah, alleging infringement of US Patent No. 7,060,987, entitled “Electron Ionization Source for Orthogonal Acceleration Time-of-flight Mass Spectrometry.” BYU granted Torion an exclusive license to the […]
Company Announcements ScienceServe GmbH agreed to allow Advanced Chemistry Development to regain the right to directly manage sales and support in Germany, Austria and Switzerland. CLC bio became an Illumina Connect partner. CLC bio signed a strategic collaboration agreement with the J. Craig Venter Institute, which includes a multiyear site license. Ariadne Genomics named World […]
Approved in November, the 2009 budget for Germany’s Federal Ministry of Education and Research (BMBF) increased 9.1% to €10.204 billion ($12.984 billion), or 2.9% of GDP. Funding for projects rose 15% to €3.5 billion. Project areas of focus include biotechnology and biomedical research. In total, funding for the life sciences increased 7.5% to €430 million. […]
IBO’s latest survey of US litigation among selected instrument and lab product companies finds one case set for trial, four new cases and a series of settlements. Among the suits that have settled or have been voluntarily dismissed are suits that were detailed in our last overview of patent litigation in July (see IBO 7/15/08). […]
The Chinese government has allocated CNY 6.6 billion ($880 billion) to drug discovery and development. The program will select Chinese companies, universities and research institutes to develop drugs for 10 disease areas (malignant tumors, heart disease, cardiovascular systems ailments, nervous system diseases, diabetes, psychosis, autoimmune problems, drug resistant infections, viral infectious diseases and tuberculosis). The […]
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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.
