UK Health Secretary Andrew Lansley recently announced the largest amount of funding to date for translational research. The £775 million ($1.3 billion) will be available over five years to NHS/university partnerships through the National Institute for Health Research as part of £4 billion ($6.5 billion) in total R&D funding through March 2015. The priority will […]
According to a presentation at the annual meeting of the Association for the Advancement of Science (AAA), the AAAS estimates that the proposed fiscal 2012 US federal budget would provide a 0.5% increase in R&D funding to $147.9 billion compared with fiscal 2010 (the fiscal 2011 budget has not yet been passed by Congress). Basic […]
Wal-Mart has banned a flame retardant found in a variety of consumer products. Polybrominated diphenyl ethers (PBDEs), a class of chemicals used as flame retardants since 1976, have been associated with liver, thyroid and reproductive-system problems. Researchers say PBDEs, labeled “chemicals of concern” by the EPA in 2010, can wind up in dust, air, food […]
The approval rate for new drugs has been cut in half from previous years, according to a February study conducted by the Biotechnology Industry Organization and BioMedTracker. More than 4,000 drugs were part of the study, which involved data from 2004 to 2010 and found a success rate of one in 10 from Phase I […]
Fourth-quarter 2010 IBO Life Science Index sales rose 5.5%, 6.3% on a currency-neutral basis, to $3,421.75 million. Operating profits climbed 6.2% to $794.90 million, and operating margins improved 60 basis points to 23.4% of revenues. For the year, Life Science Index sales grew 8.2% to $12,187.41 million. Operating profits grew 15.1% to $2,672.29 million, and […]
Pleasanton, CA 2/3/11—IntegenX, a supplier of automated sample preparation products for DNA and RNA, has acquired substantially all the stock of GenVault. GenVault provides biosample workflow, transport and storage solutions, including the GenTegra technology for storing genetic samples without refrigeration. IntegenX also announced that it had raised $15.6 million in a Series B financing round […]
Loveland, CO 3/1/11—Hach has announced the acquisition of Accurate Detection and Accurate Measurement, distributors of analytical and detection instruments in Australia and New Zealand, including Hach’s water quality products. “We’re excited about expanding our direct sales and service team in Australia and New Zealand and offering customers additional ordering options,” said Chris Fergen, Hach’s vice […]
Torrance, CA 2/22/11; Atlanta, GA 3/15/11—Chromatography aftermarket and sample preparation company Phenomenex announced that it acquired Wibby Environmental in January. Wibby Environmental is a provider of environmental standards. Founder Chuck Wibby remains with the 15-person company, according to Jason Campbell, senior marketing manager at Phenomenex. Phenomenex has also announced a co-marketing agreement with Shimadzu Scientific […]
Newtown Square, PA 3/3/11; Portland, OR 3/3/11—Riverlake Partners has sold SP Industries to Graham Partners, a lower middle-market private equity firm. Terms were not disclosed. SP Industries design and manufactures laboratory products and pharmaceutical production equipment. “SP has built a reputation within the industry for cutting edge, cost-effective products that deliver high level solutions to […]
Santa Clara, CA 3/1/11—Agilent Technologies has acquired BIOCIUS Life Sciences, the developer of the RapidFire high-throughput MS drug screening platform, for an undisclosed amount. “BIOCIUS’s unique RapidFire technology gives customers an unsurpassed ability to increase the effectiveness and reduce the cost of drug discovery and compound identification,” stated Gustavo Salem, vice president of Agilent’s Biological […]
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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.
