Washington, DC 12/18/08—BioTrove has withdrawn its IPO registration due to unfavorable market conditions. The company had planned to raise up to $75 million through the IPO (see IBO 4/15/08). BioTrove’s products include the OpenArray Solution system, which can perform thousands of PCR-based genomic analyses, and the RapidFire automated, sample preparation system for MS. Six-month sales […]
According to Battelle and R&D Magazine, R&D spending worldwide will increase by approximately 3.2% next year to $1,140 billion, excluding inflation. US R&D spending is estimated to increase 1.75% to $383.5 billion, excluding inflation. Including the effects of inflation, US R&D spending is forecasted to decline 1.6%, as federal government funding falls 1.9% and industrial […]
A new survey by KPMG and the Semiconductor Industry Association finds that semiconductor companies do not expect an industry recovery any time soon. The November survey interviewed 85 senior executives at device, foundry and fabless companies. Fifty-two percent of the executives expect revenues to decrease and 69% expect profitability to decline over the next year […]
Carlsbad, CA and Abbott Park, IL 12/17/08—Isis Pharmaceuticals announced that Abbott has exercised its option to acquire the remaining equity ownership of Isis’s Ibis Biosciences subsidiary for $175 million and earn-out payments. Bayer currently owns 18.6% of Ibis, for which the company paid $40 million (see IBO 2/15/08, 10/31/08). Ibis’s T5000 Biosensor System identifies and […]
San Diego, CA 12/23/08—Volcano, a publicly held medical device company, has agreed to acquire Axsun Technologies for $21.5 million in cash. Axsun develops and manufactures MEMS-based lasers and optical engines for optical coherence tomography (OCT) imaging systems, micro-optical spectrometers and optical channel monitors for pharmaceutical, chemical, petrochemical and telecommunication network applications. Axsun posted 2007 sales […]
Company Announcements Shimadzu Scientific Instruments is now distributing SEDERE’s SEDEX 80LT and SEDEX 85LT evaporation light scattering detectors in the US. In September, Thermo Fisher Scientific opened a 12,000-square-foot facility in Reinach, Switzerland, which consolidates the Flux Instruments and Spectronex product lines. In December, MIP Technologies AB entered into a collaboration with sanofi-aventis to develop […]
London, UK 12/8/08—Scientific Digital Imaging has listed on the London Stock Exchanges’s Alternative Investment Market (see IBO 11/30/08). The company issued 16,663,842 shares. The opening price was 12.5 pence ($0.18) per share, and the closing price at month end was at 11.75 pence ($0.17) per share. The company’s market capitalization is £2 million ($3 million).
Company Announcements FEI and Max Planck Institute of Biochemistry are collaborating on a correlative microscopy solution for the acquisition of TEM images of molecular entities found using optical microscopy techniques. In August, Intellection promoted CFO/COO Chris Staples to CEO. In November, Carl Zeiss opened a subsidiary for its Industrial Metrology business in Istanbul, Turkey, in […]
R&D spending in Singapore increased 26.5% to SGD 6,339 million ($4,370 million), or 2.61% of GDP, according to a survey by the Agency for Science, Technology and Research (A*STAR). Experimental development, applied research and basic research accounted for 58%, 25% and 17% of R&D expenditures, respectively. Engineering and technology represented 65% of R&D expenditures, while […]
A meeting of the FDA’s Oncologic Drugs Advisory Committee earlier this month discussed the use of retrospective biomarker data in making regulatory decisions. Amgen and ImClone are seeking approval to include such data on drug labels. Amgen’s Vectibix and ImClone’s Erbitux are monoclonal antibodies used to treat colon cancer. Amgen is also seeking approval of […]
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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.
