Pharmacy-service companies Medco Health Services and CVS Caremark are increasing their positions in the genomic-testing market. Medco recently purchased DNA Direct, and late last year, CVS partnered with Generation Health. Medco and CVS previously offered services for personalized medicine, but have expanded them in response to the growing number of genetic tests, payor interest and […]
An audit by the US Department of Agriculture (USDA) Office of Inspector General has found that the USDA Food Safety and Inspection Service’s (FIS) national residue program for cattle is inadequate. The program samples processed meat from slaughter plants to test for residue of veterinary dugs, pesticides and heavy metals. Currently, 120 substances are tested […]
New laboratory construction in late 2009 and early 2010 was driven by both public and private expenditures. New laboratory plans included a continuing flow of bioscience university projects in the US, as well as government-coordinated national projects worldwide. R&D laboratories for agricultural biotechnology companies and new labs for consumer products companies were also announced. Among […]
Fourth-quarter sales for the IBO Lab Equipment/Consumables Index climbed 8.3% to $922.96 million, including 2.4% growth from currency. Median growth was 6.3%. Operating profit grew 14.7% to $305.37 million. Operating margins improved 190 basis points to 33.1% of sales. The median operating profit margin was 17.5%. For the year, Index sales slipped 1.6% to $3,478.49 […]
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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.
