In 2009, Israel’s expenditure on civilian R&D, at current prices, declined 1.6% to NIS 32.8 billion ($8.6 billion), to account for 4.3% of GDP. Businesses spending amounted to 79% of the national expenditure on R&D and fell 2.6%, at constant prices, after a 2.5% increase in 2008. This reflects a spending decrease of 8.5% at […]
The Taoiseach, Brian Cowen TD, announced in July a €359 million ($462 million) investment plan for research and innovation, which aims to strengthen links between research institutions and industry. The government’s Programme for Research in Third-Level Institutions (PRTLI) invests in physical infrastructure and research projects at higher education institutions. The plan, Cycle 5 of the […]
Biotechnology has again captured the largest quarterly share of venture capital funding of any industry. According to findings by PricewaterhouseCoopers and the National Venture Capital Association, it is off to an even better start this year than last, with funding showing a 35% rise. The life science sector investment split has been generally consistent for […]
According to the National Science Foundation, US R&D spending fell 13.1% to $233.92 billion in 2008. The drop during the previous, milder recession was only 0.5%. For the 232 companies in the Standard & Poor’s 500 index, aggregate R&D expenditures increased from $163.37 billion in 2008 to $166.42 billion in 2009. One reason is because […]
New FDA recommendations for 510(k) approval could affect analytical instrument companies, as they expand into the clinical diagnostics marketplace. The FDA Center for Devices and Radiological Health this month released a new evaluation of the 510(k) approval process. A 510(k) approval is required for the sale of “medical devices,” which include clinical chemistry and clinical […]
Iron ore production declined 6.2% last year to 1.588 billion tons, according to the United Nations Conference on Trade and Development Trust Fund (UNCTAD) and Raw Materials Group. Australia and South Africa increased production. The world’s four largest producers of iron ore in 2009 were Australia, Brazil, India and China. In aggregate, Vale, Rio Tinto […]
In the second quarter of 2010, revenues for IBO’s Laboratory Sales Index grew 9.5% to $5,198.02 million, including a loss of 3.9% from currency. Operating profit jumped 18.3% to $1,009.63 million, while operating margin improved 140 basis points to 19.4% of sales. For the three companies (Oxford Instruments, Shimadzu and Spectris) that did not report […]
Rockville, MD 8/12/10—OriGene Technologies has acquired Blue Heron Biotechnology, a gene synthesis company. “We are 100% committed to serving our customers with high-quality, strict confidentiality standards and improved business efficiency,” commented OriGene Chairman and CEO Dr. Wei-Wu He. “This latest purchase is a further indication of OriGene’s determination to expand its gene-centric tools portfolio for […]
Waltham, MA 7/2/10; Tokyo, Japan 7/2/10—Olympus NDT has acquired Innov-X Systems, a manufacturer of portable X-ray fluorescence (XRF) systems, for an undisclosed amount. Innov-X has operated as a business division of Olympus NDT since July 1. Olympus has retained Innov-X’s current management and employee base. “The decision to acquire Innov-X Systems was based on the […]
Corning, NY 8/13/10—Corning has agreed to acquire Plaslab SAS, a manufacturer and distributor of plastic consumable labware in Europe, for an undisclosed amount. France-based Plaslab is the holding company of Plastiques Gosselin SAS. “One way we create balance is by building a healthy portfolio of businesses in different markets,” stated Corning President and COO Peter […]
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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.
