The Obama administration announced this month $80 million in new funding for Alzheimer’s disease research, adding to the $450 million the NIH currently spends. The NIH will receive $50 million in reallocated money for fiscal 2012, half of which will go to sequencing centers funded by the National Human Genome Research Institute to sequence the […]
On February 9, the FDA released its guidelines on biosimilars, which propose an “abbreviated pathway” for approval that would vary by product. The biosimilar must be shown to be “highly similar” to the original. The requirements for clinical and animal studies would depend on an evaluation of analytical data, as well as scientific and manufacturing […]
The number of hectares of biotech crops increased 8% in 2011 to 160 million. Twenty-nine countries grew biotech crops last year, led by the US (43% of total hectares), Brazil (19%) and Argentina (15%). Twelve countries planted stacked-trait crops, which accounted for 42.2 million hectares. Brazil was the country whose hectarage of biotech crops grew […]
Private R&D spending on agricultural inputs grew 4.4% from 2009 to 2010, according to the US Department of Agriculture Economic Research Service’s December 2011 report entitled Research Investments and Market Structure in the Food Processing, Agricultural Input and Biofuel Industries Worldwide. The report analyzes worldwide private R&D spending for seven agricultural-input areas, as well as […]
Twelve of the 19 companies in the IBO Laboratory Sales Index reported fourth-quarter earnings before this issue’s publication. Including estimates for companies yet to report, fourth-quarter revenue for the IBO Laboratory Sales Index grew 7.2%, including a loss of 6.9% excluding currency. Operating profit for the Index climbed 16.7%, and operating margin improved 90 basis […]
Männedorf, Switzerland 2/13/12—Tecan has appointed Dr. David Martyr as CEO, following a five-month search (see IBO 10/15/11). He replaces Thomas Bachmann, who will leave the company immediately. Dr. Martyr was most recently vice president at Danaher and group president of Danaher’s Leica Microsystems business, which provides life science instrumentation, microscopy, cancer diagnostic products, medical technologies […]
Glenview, IL 1/10/12; Berlin, Germany 2/3/12—Illinois Tool Works (ITW) has acquired AppliChem for an undisclosed amount. AppliChem is a German-based chemical supplier focused on fine chemicals and biochemical products for the laboratory, pharmaceutical, cosmetic and food industries. AppliChem will be integrated into the business platform led by the Panreac Quimica business, which is part of […]
Washington, DC 1/31/12—Danaher announced on its fourth-quarter conference call that during the quarter its Hach division acquired X-ray Optical Systems (XOS), a provider of X-ray fluorescence spectrometers used in elemental analysis for applied and environmental applications. No further details were available. According to XOS’s website, XOS supplies laboratory, on-line and in-line XRF systems as well […]
San Diego, CA 2/7/12; Basel, Germany 2/8/12—Illumina’s Board of Directors has voted to reject Roche’s unsolicited $44.50 per share cash offer for the company (see IBO 1/31/12). “It is the Board’s unanimous belief that Roche’s offer dramatically undervalues Illumina and fails to reflect the value of the Company’s unique leadership position and future growth prospects,” […]
The Society for Laboratory Automation and Screening’s (SLAS) first annual conference and exhibit was held February 4 to 8 in San Diego, California. The show unites the previously separate LabAutomation and Society for Biomolecular Sciences (SBS) conferences, following the merger of the host organizations in 2010 (see IBO 2/15/11). The conference’s debut attracted 5,806 participants, […]
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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.
