The US EPA announced on July 24 that it is banning the pesticide carbofuran from food sold in the US market, citing its residue risk to children ages 1 to 2. Used largely in developing countries, the pesticide is applied to less than 1% of US farmed acres. An assessment by the EPA determined that […]
A new report by the US International Trade Commission (USITC) examines two segment of the US industrial biotech market, liquid biofuels and bio-based chemicals, based on a survey of 559 establishments with production or R&D activities related to liquid fuel or chemicals. Respondents’ US sales of US-produced liquid biofuels increased 140% from 2004 to 2007 […]
In a development that observers deemed a significant action for US product safety regulations, the US Congress passed the Consumer Product Safety Improvement Act of 2008 this month. The bill has been sent to President Bush, who is expected to sign it into law, lowers allowable limits for lead and for six types of phthalates […]
Waltham, MA 7/7/08—Thermo Fisher Scientific has acquired Affinity BioReagents, a provider of more than 35,000 reagents for life science research, including antibodies, peptides and proteins, with 2007 revenues of $6 million. Financial details were not provided. “This acquisition enhances our extensive antibody portfolio, which will drive growth as we combine these reagents with our current […]
Company Announcements Hitachi High-Technologies reported Life Sciences Segment sales for the year ended March 31 increased 3.1% to ¥96.173 billion ($959.9 million), representing 10.2% of company revenues. Biotechnology-related equipment (including LC and spectrophotometers) accounted for 22% of Segment sales, clinical analyzers represented 66% and other products represented 12%. The company announced it is focusing on […]
San Diego, CA 7/22/08—Illumina has acquired Avantome, the developer of a long read-length sequencing technology, for $25 million in cash and contingent payments of up to $35 million. Avantome’s principal founders Mostafa Ronaghi and Helmy Eltoukhy will join Illumina. Dr. Ronaghi will serve as senior vice president and chief technical officer and Dr. Eltoukhy will […]
Milford, MA 7/24/08—Waters has acquired the net assets of VTI for an undisclosed price. VTI is a manufacturer of sorption analysis and thermogravimetic analysis instruments, including sorption analysis products designed for water and organic vapor sorption studies of pharmaceuticals and related materials. VTI and its founder, Dr. Augie Venero, will join Waters’ TA Instruments Divison. […]
Company Announcements Eppendorf UK named Scientific Laboratory Supplies a UK distributor. Brinkmann Instruments began distribution of VELP Scientifica Instruments’ products in the US. Telstar Life Sciences acquired Clean Air Techniek BV, which sells clean air technology for labs and lab products, and PMV BV, which services clean air products, in May. In May, Sigma-Aldrich fully […]
The $17 billion contract research organization (CRO) market is growing 15% annually. CROs currently perform approximately 25% of preclinical drug testing for pharmaceutical manufacturers, and analyst Isaac Ro of Leerink Swann predicts that, due to imminent strains on pharmaceutical firms including lower profits and more regulations, within three years the number will double to 50%. […]
According to the European Chemical Industry Council (Cefic), EU chemical production will increase 2.0% in both 2008 and 2009, following 2007 growth of 2.1%. Production of six subsectors (pharmaceuticals, petrochemicals, consumer chemicals, chemicals, basic inorganics and specialty chemicals) is set to either remain the same or increase in 2009, excluding polymers, for which output is […]
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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.
