Egypt’s cabinet gave the green light to establish the Zewail City of Science and Technology by a unanimous vote in May. Approval for the $2 billion City, which will be comprised of a university, graduate research and industrial institutions, and a technology park on 100 hectares of land in the Cairo suburb of Sheikh Zayed, […]
China is expected to become the world’s second-largest pharmaceutical market in 2015 due to macro-developments including socio-economic changes and a modernized health care infrastructure. However, the top 10 Western drug companies in the market each have only a single-digit market share. Domestic drug companies number more than 5,000 and are primarily focused on generics manufacturing […]
Revenues for the food and drink industry accounted for 12.9% of the EU’s manufacturing sector in 2009, making it the largest sector in terms of sales, according to the Confederation of the Food and Drink Industries’ (CIAA) “2010 Data & Trends of the European Food and Drink Industry” report. In 2009, the sector’s sales fell […]
Two of the eight chemicals added to the 12th “Report on Carcinogens” are used every day. The report, from the NIH’s National Toxicology Program, cited repeated exposure during manufacturing as much riskier than normal exposure. Consumers were advised not to come in contact with either formaldehyde, a known carcinogen, or styrene, a probable carcinogen. Questionable […]
A survey, with a 71% response rate, of 78 small molecule drug discovery centers located at US universities or nonprofit research organizations found that cancer and infectious disease were the most prevalent therapeutic areas, with 86% and 71% of respondents, respectively, including these areas among their projects. The top three target-class focuses were phenotypic assays […]
Biotech companies in the US, Europe and Canada raised $25.0 billion in funding last year, a 7.8% increase. However, 83% of this funding went to only 20% of the companies, and financings accounted for 45% of funding, indicating that large, mature companies benefited the most. Less venture capital funding was available up front and was […]
Demand for water analysis instrumentation will be helped by China’s 12th Five-Year Plan for 2011–2015. The Plan calls for an 8% decrease in chemical oxygen demand (COD) emissions. COD measures the presence of organic compounds, including organic pollutants, in water and is used in lab and process configurations. In the lab, COD methods employ a […]
First-quarter 2011 Life Science Index sales grew 6.9%, 5.7% on a currency-neutral basis, to $3,074.88 million. Revenue growth for several companies was lessened by the natural disaster in Japan and strong year-over-year comparisons as a result of stimulus spending in the US and Japan. Operating profit improved 9.6% to $667.16 million, and operating margin gained […]
Radnor, PA 6/1/11—VWR International has purchased BioExpress, a lab product distributor serving the education, biotechnology and government markets and the manufacturer of the GeneMate brand. Financial details were not disclosed. “Acquiring BioExpress supports VWR’s overall growth strategy by expanding customer relationships and strengthening VWR’s position in key education and government market segments,” stated Matt Malenfant, […]
Abingdon, UK 6/14/11; Taunusstein, Germany 6/14/11—Oxford Instruments has acquired Omicron NanoTechnology and Omniprobe. Based in Frankfurt, Germany, Omicron designs and produces advanced microscopes and chemical analysis instruments for nanotechnology research. Oxford Instruments acquired the company for €32.4 million ($46.5 million = €0.70 = $1) in cash on a cash-free debt-free basis. In 2010, Omicron generated […]
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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.
