The American Medical Association has adopted the Endocrine Society’s resolution encouraging the standardization of testosterone assays. Patient care and research utilizing testosterone assays has recently become popular, following research that links testosterone with various diseases and conditions. The assays measure testosterone levels for the diagnosis and treatment of such disorders as testicular or pituitary diseases […]
US biotechnology sales growth slowed 3% to $48.2 billion in 2009. The slowdown was the result of safety concerns, hiatuses in manufacturing, and market saturation and crowding. Though several promising products are being introduced, the forecast for 2010 is similar, with new challenges emerging: pricing, competition, US healthcare reform, patent expirations and follow-on molecules. With […]
The UN Educational, Scientific and Cultural Organization’s (UNESCO) 2010 science report shows R&D changes, highlighted by the US, Europe and Japan being challenged by emerging countries. The three, known as the Triad countries, are still at the forefront of the global R&D effort, but are facing competition in particular from China, India and Korea. The […]
In the third quarter of 2010, revenues for IBO’s Laboratory Instrument Sales Index grew 8.9% to $5,240.26 million, including a loss of 0.8% from currency. Organic revenue growth was 9.6%, benefiting from increased demand and a weak year-over-year comparison. Asia remained the fastest-growing market. Europe was challenging. Operating profit improved 16.7% to $1,024.83 million, and […]
San Jose, CA 11/3/10—In a complaint filed in California Superior Court in Santa Clara County, Affymetrix has charged Pacific Biosciences and 15 former employees with tortious interference with contract, intentional interference with prospective economic advantage, breach of fiduciary duty, breach of duty of loyalty, conspiracy and breach of contract. Affymetrix alleges that since August 2009 […]
Phillipsburg, NJ 11/3/10—Avantor Performance Materials, formerly Mallinckrodt Baker (see IBO 5/31/10), has agreed to acquire India-based RFCL Limited from ICICI Venture Funds Management for an undisclosed amount. RFCL’s Rankem division is a provider of more than 20,000 laboratory reagents and consumables to more than 5,000 customers. RFCL’s Diagnova division offers 2,000 diagnostic products to more […]
St. Louis, MO 11/14/10—Dr. Jai Nagarkatti, chairman, president and CEO of Sigma-Aldrich, died unexpectedly of an apparent heart attack on November 13. The company’s Board has elected Rakesh Sachdev, who served as CFO, chief administrative officer and senior president of the International business, as president and CEO. He has also been elected to the Board.
Asslar, Germany 11/3/10—Pfeiffer Vacuum Technology AG has announced that it plans to acquires Alcatel-Lucent’s Vacuum Technology Unit, which does business under the Adixen brand name, for approximately €200 million ($279 million = €0.72 = $1). The Unit supplies vacuum pumps and leak detectors, and has a leading market position in backing pumps, according to Pfeiffer […]
Carlsbad, CA 11/2/10—Life Technologies has agreed to acquire certain assets of Indian distributor Labindia. Financial terms were not disclosed. “India has experienced strong double-digit growth in the biotechnology sector, making this one of the fastest-growing regions in Asia Pacific,” stated Mark Smedley, head of the Asia Pacific region for Life Technologies. “Our primary goal in […]
Merck KGaA stimulated the analytical instrument and laboratory product–related mergers and acquisitions (M&A) market by outbidding Thermo Fisher Scientific in February to acquire Millipore for $7.2 billion (see IBO 2/28/10). This marked the industry’s largest acquisition since Thermo Electron’s $10.6 billion merger with Fisher Scientific in 2006 (see IBO 5/15/06) and started the M&A year […]
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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.
