US equity markets soared in September following positive corporate results, renewed M&A activity, lower unemployment claims, increased consumer spending and better-than-expected manufacturing data. In addition, on September 20, the National Bureau of Economic Research officially confirmed that the US recession ended in June 2009, further arousing investors’ optimism. As a result, the Dow Jones Industrial […]
Singapore and Hong Kong, 9/30/10—Lab product manufacturer and distributor Techcomp has announced that it plans to expand its presence in the Chinese health care market. The company will introduce new diagnostic products, including a CE-marked microplate reader and automatic immunoassay system. In addition, Techcomp will establish a new division in its sales channel for the […]
Washington, DC 9/21/10; Washington, DC 9/29/10—In a filing with the SEC, Sequenom disclosed that former CFO Paul Hawran has amended a lawsuit to add the company as a defendant. The amended suit adds claims of breach of conduct and negligent misrepresentation. In August, Mr. Hawran filed suit in the Superior Court of California for the […]
Cary, NC 9/24/10—SciQuest completed its IPO on the NASDAQ stock exchange (see IBO 3/31/10) on September 24. The company offered six million shares of its common stock at $9.50 per share. Underwriters were granted the option to purchase up to an additional 900,000 shares by certain selling stockholders. SciQuest provides on-demand software for strategic procurement […]
Los Angeles, CA 9/8/10—Phenomenex, a supplier of LC columns and sample preparation consumables, has filed suit against Waters in US District Court for the Central District of California. In its complaint, Phenomenex alleges false advertising and unfair competition related to Waters’s promotional material that makes statements about the performance of certain Waters’s LC columns in […]
Stockholm, Sweden 9/24/10; Stockholm, Sweden 9/29/10—Valedo, a Swedish private equity fund, has acquired a majority stake in Perten Instruments AB for an undisclosed amount. Minority owners include Perten management, the Board and Jan Perten, former co-owner. Perten Instruments supplies instruments for analysis and quality control of food, grain, flour and feed, including NIR analyzers and […]
San Jose, CA 9/20/10—Publicly held RAE Systems has agreed to be acquired by Battery Ventures, a multistage investment firm. Battery Ventures will pay $1.60 per share, which is a 53.8% premium over RAE Systems’ closing stock price on September 17. RAE Systems provides gas detection systems for real time safety and security threat detection. “RAE […]
The second of IBO’s biannual new laboratory roundup primarily focuses on chemical, consumer and government research. The table on page 3 highlights new labs in the energy, food and pharmaceutical industries. Many companies are expanding their facilities in Asia in the hopes of strengthening their presence and increasing sales. Merck opened its Material Research Center […]
In IBO’s second part of its annual examination of new and existing litigation among analytical instrument and lab product companies (see IBO 4/30/10), we report on new suits involving third-generation sequencing technologies, as well as one case that may be headed for the Supreme Court. Settlements With the trial set to begin in November in […]
FT-Raman instruments have been used for laboratory analysis in myriad industries since they were introduced in the 1980s. These industries include finished polymers, pharmaceuticals and certain specialty chemicals. Raman instruments have not been as successful for process measurements outside the laboratory due to Raman’s technical limitations, such as sampling issues and fluorescent interferences, according to […]
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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.
