The Deutsche Forschungsgemeinschaft , a publicly supported research organization, plans to invest €2.7 billion ($3.8 billion) in the second round of the Exzellenzinitiative. The Exzellenzinitiative, which provides additional funding to the country’s top research universities, awarded €1.9 billion in its first round. Second-round of funding is estimated to rise by 30%. The first call for […]
South Korea plans to spend WON 155 billion ($121 million) to fund 26 short-term, green projects in eight fields (biopharmacy, robotic applications, renewable desalination plants, LED applications, system semiconductors, next generation displays, green cars, clean briquette energy). There are seven projects for LED applications, five green car projects, four biopharmacy projects and four semiconductor projects. […]
The National Institutes of Health (NIH) released its new guidelines for stem cell research earlier this month. The guidelines make available more than 700 stem cell lines for research, compared to the 20 lines previously available. In 2008, $88 million of the NIH’s $938 million budget for stem cell research went to research using human […]
A ruling in late June by the US Supreme Court is expected to result in more crime lab analysts having to testify at trial. In a 5-to-4 decision, the Court ruled that the confrontation clause of the US Constitution’s Sixth Amendment entitles criminal defendants to confront witnesses against them. As a result, lab analysts may […]
The American Chemistry Council (ACC) estimates that the chemical industry’s downturn is moderating. The ACC forecasts worldwide chemical output to fall 6.3% this year, before increasing 2.8% in 2010 and 4.0% in 2011. By geographic region, Africa and the Middle East are expected to be the strongest in 2009, with output declining only 1.4%. In […]
More than 30 standards were adopted by the Codes Alimentarius Commission (Codex) at its meeting this month. Established by the United Nations and World Health Organization, Codex develops global food standards. The new standards include guidance addressing acrylamide formation in potato products and the contamination of coffee by Ochratoxin A, a fungal toxin. The first […]
First-quarter revenues for the IBO Lab Equipment/Consumables Index declined 9.9% to $803.18 million and operating profits fell 9.8% to $245.35 million, while operating margin was unchanged at 30.5% of sales. Unfavorable currency transactions for US companies and reduced R&D spending by customers resulted in lower revenue growth. Biohit Oyj’s first-quarter sales grew 2.0% to €8.3 […]
Poway, CA 7/7/09—Private equity firm Telegraph Hill Partners has purchased a majority stake in NEXUS Biosystems, a provider of automated sample management systems. The majority equity and growth financing will be used to commercialize NEXUS’s new series of -80°C BioStores. Deval Lashkari, PhD, and Glenn Novotny, both partners in Telegraph Hill, will join the company’s […]
Tory, NY 6/6/09—Evident Technologies, a maker of quantum dots, has filed for Chapter 11 reorganization, seeking a $1.35 million debtor in financing package. “Defending a lawsuit in the Eastern District of Texas for patent infringement required us to spend at an unsustainable rate,” said Clinton Ballinger, CEO of Evident Technologies. “The restructuring plan associated with […]
Lombard, IL 6/25/09—Orochem Technologies, a supplier of sample preparation products for life science, has acquired Oligonet, a custom oligonucleotide synthesis business based in Gaithersburg, Maryland. Financial details were not disclosed. “We saw great synergy between the Orochem and Oligonet products and this acquisition helps us offer a complete line of products to our customers,” stated […]
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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.
