Despite new economic data, investors appear to be increasingly mystified as to the actual condition of the economy. On May 20, the Federal Reserve lowered its 2008 growth forecast to 0.3%–1.2% from 1.3%–2.0%, citing inflation and unemployment concerns. Coupled with record-high crude oil prices of $135 a barrel and renewed liquidity concerns in the financial […]

In the face of slower spending by big pharma, weaker semiconductor spending and economic turmoil, calendar-year first-quarter revenues for major instrument and laboratory product companies stayed on track. First-quarter sales for 11 of the 13 companies profiled on pages 9–11 increased 11.8% in US dollars (see graph, page 10) (Affymetrix was excluded from the calculation […]

Eden Prairie, MN 4/29/08—MTS Systems has agreed to acquire SANS Group, a Chinese provider of materials testing products with annual sales of approximately $25 million. “While MTS has a successful 30-year history in China, SANS’ sales and service capability, product portfolio, and established customer base expands our ability to serve the increasing demand for testing […]

Company Announcements New Zealand–based ZyGEM, a provider of enzyme-based reagents, opened its US headquarters in Solana Beach, California, in January. Invitrogen was named the exclusive provider of fluorescent miRNA microarray labeling kits using Genispheres’ 3DNA dendrimer signal amplification technology. Sigma-Aldrich and MorphoSys AG will design, produce and distribute unique recombinant antibodies. In February, Exiqon A/S […]

One of the focuses of Australia’s recently released budget for 2008–2009 is the renovation of research institutions and new research grants. The new AUS$11 billion ($10.5 billion) Education Investment Fund, the successor to the country’s Higher Education Fund, will be used to repair universities and research facilities. The new Health and Hospital Fund will focus […]

Wetzlar, Germany and St. Louis, MO 5/14/08—Leica Microsystems, a Danaher company, has acquired the assets of Coretech Holdings and McCormick Scientific for an undisclosed amount. Coretech is a provider of instruments, reagents and consumables for clinical and research histopathology laboratories. Coretech has joined Leica Biosystems and its CEO Doug Martin has become vice president and […]

Abingdon, UK 5/28/08—Oxford Instruments has acquired Link Analytical AB from its owner and manager, Anna Otterstrom, for an initial cash payment of £0.6 million ($1.2 million) and a cash earn-out of up to £0.6 million payable over three years. Link Analytical AB is a Scandinavian distributor of electron microscopy products, including Oxford Instruments NanoAnalysis’s products. […]

According to Ernst and Young’s “2008 Global Biotechnology Report,” global revenues from biotech companies increased 8% in 2007 to $84.8 billion. Global R&D expenditure increased 7% to $31.8 billion. Excluding the acquisition of Medimmune by AstraZeneca and Merck KGaA’s buyout of Serono, global revenue and R&D would have increased 17% and 26%, respectively. In the […]

Capital expenditure budgets (CapEx) for 22 public food companies surveyed by Food Processing are expected to increase 7.1% to $11.067 billion in 2008. Fifteen of the surveyed companies plan to increase their CapEx, with five increasing spending more than 25%. Pilgrim’s Pride and Hershey reported the largest planned increases, with CapEx growth of 72% and […]