The Turkish Association of Research-Based Pharmaceutical Companies’ (AFID) “Vision 2023” report released earlier this month recommends ways to make the country among the top 10 countries in health services by 2023. Turkey’s pharmaceutical market was valued at $11.2 billion in 2011, ranking 16th in the world. However, in 2011, Turkey’s 70 clinical trials supported by […]
The results of the first phase of the 1000 Genomes Project have been published in Nature. The $120 million project sequenced the genomes of 1,092 people from 14 populations to study variants in the human genome that are present in at least one in 50 individuals. When the project is complete next year, it will […]
Since 2009, six prominent US sterile-injectable drug makers have received FDA warnings regarding manufacturing procedures. As a result, the manufacturing capacity for injectables has been reduced by almost one-third, according to a congressional report. Four of the firms shut down or decreased production to address the issues. Compounding pharmacies have attempted to provide the products, […]
Choppy third-quarter corporate earnings along with a generally cautious outlook led the Dow Jones Industrial Average, S&P 500 and NASDAQ down 2.5%, 2.0% and 4.5% in October, respectively. However, other economic data, including better-than-expected new home sales and jobless claims, indicated improved financial conditions. Third-quarter GDP growth, while still tepid at 2.0%, improved from the […]
Los Angeles, CA 10/24/12—OpenGate Capital has acquired Thermo Fisher Scientific’s Laboratory Workstations business for an undisclosed amount. With $175 million in annual revenues, the Laboratory Workstations business designs, manufactures and installs lab furniture, fume hoods and epoxy resin tops. “I am confident that great value will be created as this acquisition sits perfectly in our […]
Hercules, CA 10/31/12—Bio-Rad Laboratories has acquired a cell sorting system from Propel Labs. Bio-Rad will sell the compact, easy to use and affordable system designed for use by individual researchers as the S3 Cell Sorter. Shipments will begin in January 2013. “With this acquisition, we benefit from Propel Labs’ years of expertise in cell sorting,” […]
San Diego, CA 10/23/12—Accelrys has acquired Aegis Analytical for $30 million in cash. Aegis Analytical’s Discoverant software aggregates, contextualizes and analyzes manufacturing, quality and product development data, allowing quality and manufacturing organizations to gain predictive control over their processes. “This acquisition expands our footprint in downstream operations with valuable new solutions for electronic process intelligence, […]
Helsinki, Finland 9/5/12; Helsinki, Finland 10/25/12—High-performance materials firm Ahlstrom has acquired Munktell Filter, a provider of life science and lab applications filtration materials, for €20 million ($25 million = €0.79 = $1). Based in Falun, Sweden, Munktell Filter had 2011 annual sales of €15 million ($21 million = €0.72 = $1) and an operating profit […]
Mountain View, CA 10/18/12; San Diego, CA 10/18/12—Sequencing services firm Complete Genomics has announced that the US District Court for the Northern District of California issued an order granting its motion for partial summary judgment of invalidity in a patent infringement suit brought by Illumina against the company (see IBO 9/3010). Judge Elizabeth D. Laporte […]
Washington, DC 10/31/12—To resolve charges that Corning’s proposed acquisition of Becton Dickinson’s Discovery Labware Division would be anticompetitive (see IBO 4/15/12), the Federal Trade Commission (FTC) has proposed that Corning enable Sigma-Aldrich to produce cell culture labware. Corning would provide Sigma-Aldrich with assets and assistance for manufacturing Corning’s line of tissue culture–treated (TCT) dishes, multiwell […]
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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.
