Ali al-Naimi, Saudi Arabia’s oil minister, has announced that the country will invest $100 billion in the production and refining of oil and gas. To meet rising demand from Asia, the country plans to double its refining capacity over six years. Currently, more than half of the country’s exports of oil, gas, and oil products […]
The number of research papers published by Chinese scientists has increased dramatically since the mid-1990s. In 2008, the country’s researchers published 112,000 papers, making it the nation with the second-highest number of scientific publications, behind the US. Analyzed according to Thomson Reuters’ “Essential Science Indicators,” the top-three fields for Chinese publications were materials science, chemistry […]
Gartner estimates that semiconductor industry capital spending will decrease 42.6% in 2009 to $25,272 million. However, next year, the industry’s capital spending is forecasted to rebound, growing 45.3% to $36,728 million due to technology upgrades. Capital equipment spending by the semiconductor sector is expected to decline 46.8% to $16,297 million in 2009. In 2010, it […]
Department of Health and Human Services (HHS) Secretary Kathleen Sebelius has announced that the HHS will undertake a review of US government policies for vaccine development and responses to public health issues. The review will be completed early next year. The review will focus on improving vaccine production, which has most recently led to shortages […]
According to a new report from PricewaterhouseCoopers (PwC), the US market for personalized medicine will have a compound annual growth rate of 11% between 2009 and 2015. The market is currently estimated at $225–$232 billion and is expected to reach $344–$452 billion by 2015. PwC defines personalized medicine as: “products and services that leverage the […]
Third-quarter 2009 Life Science Index sales grew 1.0% to $2,357.62 million. Operating profit climbed 10.9% to $420.02 million, and operating margins gained 160 basis points to 17.8% of sales. Affymetrix’s third-quarter revenues fell 4.0%, 2.5% on a currency-neutral basis, to $78.2 million due to lower instrument sales. Product revenue improved 0.3% to $66.2 million, including […]
Lansing, MI 12/1/09—Neogen has acquired Gen-Probe’s BioKits food safety business, which includes more than 50 test kits for food allergens, meat and fish speciation, and plant genetics. The business also offers testing services. Terms were not disclosed. The business is expected to generate $3 million in revenues this year and has 25 employees based in […]
Santa Clara, CA 12/7/09—Cell Biosciences, a provider of protein analysis technology, has acquired Protein Forest, the maker of the ProteomeChip product line for protein fractionation, for an undisclosed amount in an all-stock transaction. In connection with the purchase, Cell Biosciences raised $4 million in equity financing, led by Novo A/S. “The digital ProteomeChip product line […]
Poway, CA 12/7/09—NEXUS Biosystems, a provider of automated sample management systems, has acquired Aurora Biotechnologies, a developer of high-performance microplates for sample storage, high-throughput screening and cellular imaging. Financial details were unavailable. “As we head into 2010 with the Aurora technologies, we are very excited about the opportunity to expand our product reach beyond automated […]
Hopkinton, MA 12/14/09; Hudson, NY 12/14/09—Caliper Life Sciences has sold its Xenogen Biosciences subsidiary to lab rodent provider Taconic Farms for $11 million. Xenogen provides in vivo preclinical CRO services, 90% of which relate to animal production and phenotyping services. Caliper stated that the business is not essential to its IVIS instrumentation business. “This sale […]
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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.
