In 2010, Pharmaceutical Research and Manufacturers of America (PhRMA) members spending on R&D grew 6.5% to $49.4 billion. R&D spending by the total biopharmaceutical industry grew an estimated 2.3% to $67.4 billion. PhRMA members’ domestic R&D spending rose 5.7% to $37,371.0 million, while foreign spending increased 8.7% to $12,047.4 million. As a percentage of sales, […]
US equity markets trended lower in May following disappointing economic data, including weaker-than-expected manufacturing and durable goods orders. Other economic threats, such as inflation, unemployment and the European sovereign debt crisis, further soured investor sentiment. For the month, the Dow Jones Industrial Average, S&P 500 and NASDAQ fell 1.9%, 1.4% and 1.3%, respectively. Despite some […]
In the first quarter of the new year, instrument and laboratory product companies faced some challenges, including the aftereffects of the Japanese disaster and, in some cases, tough year-over-year comparisons. Despite these difficulties, the eight businesses whose quarterly results are profiled on pages 9–11 recorded total sales growth of 16.9% in the calendar-year first quarter. […]
San Diego, CA 5/23/11—Accelrys has acquired Contur Software, a Swedish supplier of cost-effective ELNs, for $13.1 million in cash, including $0.5 million in milestone payments. “With the addition of Contur’s software solutions, Accelrys now offers cost-effective ELNs to meet the range of needs of various scientific research and development teams—from R&D organizations transitioning from paper […]
Marcy l’Etoile, France 5/19/11—IVD supplier bioMérieux has agreed to acquire AES Laboratoire, a provider of industrial microbiology products, for €183 million ($261 million = $0.70 = $1). AES Laboratoire’s AES Chemunex business had fiscal 2011 sales of €76 million ($108 million) (excluding the divested Agrobio business). AES Laboratoire’s product offerings include culture media, rapid microbiology […]
St. Louis, MO 5/23/11—Sigma-Aldrich has acquired all outstanding shares of Vetec Quimica Fina for an undisclosed amount. Based in Brazil with more than 200 employees, Vetec is a supplier of specialty chemicals for the academic and industrial markets. “In addition to localizing our supply chain, the combination of Vetec and Sigma-Aldrich allows us to broaden […]
Rochester, NY 5/18/11; London, UK 5/18/11—Thermo Fisher Scientific has acquired Sterilin, a provider of consumable products for microbiology, life science and clinical laboratories, from Nova Capital Management for an undisclosed amount. Based in South Wales, UK, with 270 employees, Sterilin generated 2010 revenues of $35 million. “The acquisition of Sterilin allows us to expand our […]
Waltham, MA 5/16/11—PerkinElmer has acquired Labtronics, a provider of procedures-based electronic laboratory notebook (ELN) solutions for labs performing routine analysis. Financial details were not disclosed. “This acquisition successfully positions PerkinElmer as the only technology provider able to deploy an optimized ELN solution across a global customer’s entire value chain, from research to manufacturing,” said Dusty […]
Waltham, MA and Uppsala, Sweden 5/19/11; London, UK 5/19/11—Thermo Fisher Scientific has signed a definitive agreement to acquire Phadia, a provider of allergy and autoimmunity diagnostics, from private equity firm Cinven. Thermo will pay €2.47 billion ($3.5 billion = €0.71 = $1) in cash for Phadia. In 2010, Phadia had sales of €367 million ($525 […]
For the first time in a decade, the growth rate of science and engineering (S&E) research space at US academic institutions has reversed its decline. The amount of S&E research space grew 4.4% from fiscal year (FY) 2007 to FY 2009 to comprise 196.1 million net assignable square feet (NASF), according to the NSF’s latest […]
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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.
