Spain’s pharmaceutical R&D spending dropped 5.3% to €974 million ($1.3 billion) in 2011, which is the lowest amount since 2007. In 2010, pharmaceutical R&D spending increased 6.5% to €1.0 billion. Spending on clinical trials accounted for 48% of R&D spending, and basic research represented 14%. Fourteen percent of pharmaceutical R&D spending in 2011 was for […]
Global pharmaceutical sales increased 7.8% to $1.08 trillion in 2011. Pharmaceutical sales in BRIC countries grew 22.6%. The US, Europe’s “Big 5” (France, Germany, Italy, Spain and the UK) and Japan, which PricewaterhouseCoopers classifies as the main pharmaceutical markets, accounted for 59% of sales. PwC predicts that these markets will increase their shares of generics […]
The World Steel Association’s “Short Range Outlook” for 2012 and 2013 forecasts that worldwide apparent steel use, which it defines as deliveries minus net exports of finished steel products, will increase 2.1% in 2012, down from 6.2% growth in 2011. Worldwide apparent steel use is slated to increase 3.2% in 2013 to 1,455 million metric […]
In its 2012 “World Oil Outlook,” OPEC forecasts that world oil demand will reach 92.9 million barrels per day (bpd) by 2016, which is about one million less bpd than it predicted in last year’s report. About 70% of the demand will come from developing Asia. This year, world oil demand is expected to increase […]
Despite weak academic and government spending, third-quarter IBO Laboratory Sales Index grew 1.2%, 3.8% excluding currency, to $5,839 million. Operating profit improved 1.4% to $1,165 million. Based on continuing operations, operating margin was unchanged at 18.8% of sales. For the three companies that did not report earnings before this issue’s publication (Agilent Technologies, Spectris and […]
Santa Clara, CA 11/14/12—Agilent Technologies’ Board of Directors has appointed Ron Nersesian president and COO, effective immediately. “Over the past year as COO, Ron made significant strides in increasing the profitability of our life science and chemical analysis businesses even as we navigated through a difficult economy,” stated Agilent CEO Bill Sullivan.
New York, NY 11/2/12; Carlsbad, CA 11/1/12—Enzo Biochem has announced that a jury in the US Southern District Court in New York City has awarded the company and Yale University $48.6 million in direct infringement penalties after finding that Life Technologies’ sale of capillary electrophoresis systems and reagents from 1998 to 2004 infringed US Patent […]
Radnor, PA 11/2/12—VWR International has purchased Lab3, a distributor of scientific lab supplies headquartered in Bristol, UK. Lab3 is an existing VWR distributor and provides consumables, chemicals, equipment and technical services in the UK. The company also provides custom labeling and kitting services, as well as technical services such as installation, calibration and repair. Financial […]
Waltham, MA and Shanghai, China 11/13/12—PerkinElmer has acquired China-based Shanghai Haoyuan Biotech, an infectious disease diagnostics company, for $38 million in cash and potential future additional consideration. The company supplies molecular infectious disease screening technologies for blood banks and clinical labs in China. The acquisition extends PerkinElmer’s capabilities into nucleic acid blood screening and molecular […]
Carlsbad, CA 11/5/12—Life Technologies has acquired Advanced Microscopy Group (AMG), incorporated as Westover Scientific, a developer of imaging systems for research microscopy, for an undisclosed amount. Life Technologies’ FLoid Cell Imaging Station for fluorescent microscopy is manufactured by AMG. AMG also provides the EVOS range of microscopes, which includes systems that address the tissue culture […]
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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.
