US R&D grew 1.8% to $414.0 billion in 2011, according to preliminary estimates. But, in constant dollars, the amount, as in the previous two years, is below 2008 levels. Also, as in 2010, R&D grew slower than GDP in 2011. Business funded 60% of US R&D activities in 2011, a 0.1% increase, and performed 69%, […]
The US FDA released proposals earlier this month for two new food safety rules as part of the Food Safety Modernization Act. The first rule, “Current Good Manufacturing Practice and Hazard Analysis and Risk-Based Preventive Controls for Human Food,” would require firms handling food to have written plans identifying hazards and how to address them, […]
On January 15, Japan’s Cabinet Office approved a ¥10.3 trillion ($128.8 billion = ¥80 = $1) economic stimulus package. The stimulus package is the second largest in the country’s history, according to Nature, and comes on the heels of Japan’s Liberal Democratic Party resuming power following the December 2012 election. The stimulus package is expected […]
The US Congress passed legislation in early January temporarily delaying automatic federal budget cuts until March 1. It is estimated that the fiscal 2013 cuts would have eliminated 2,500 NIH grants and 1,500 NSF grants. However, research funding remains vulnerable. The new agreement only lowers the required cuts for fiscal 2013 from $361 billion to […]
Amersham, UK 1/23/13—Halma has acquired Hong Kong-based Thinketron Precision Equipment, its Chinese subsidiary Baoding Longer Precision Pump and its US subsidiary Langer Instruments. The acquisition price was £23.7 million ($37.6 million = £0.63 = $1) and deferred compensation of £3 million ($5 million). The company supplies peristaltic pumps, syringe pumps, gear pumps and pump accessories […]
Washington, DC 11/5/12; Washington, DC 12/28/12—Singulex has withdrawn its filing for an IPO (see IBO 10/15/12) on the New York Stock Exchange, citing current marketplace conditions. Singulex provides immunoassay technology for life science research and diagnostics. The company had intended to publicly offer 4,375,000 shares at a price of $15–$17 per share for net proceeds […]
Mülheim an der Ruhr, Germany 1/7/13; Llantrisant, UK 1/20/13— Schauenburg International Group, a technology business, has acquired a majority stake in Markes International for an undisclosed amount. Markes management are co-owners. Markes is a provider of thermal desorption technology, and its ALMSCO division supplies TOF-MS systems. All employees and management will remain with the company. […]
Carlsbad, CA 1/22/12—Life Technologies has acquired Netherlands-based BAC, a provider of protein purification products, including affinity ligands, for biopharmaceutical research and manufacturing. Financial terms were not announced. “Our acquisition of BAC BV positions Life Technologies as a leading provider of end-to-end solutions that are widely utilized in the bioprocess workflow,” said Tony Hunt, head of […]
Carlsbad, CA 1/18/13—Life Technologies announced that its Board has retained Deutsche Bank Securities and Moelis & Company to assist in its annual strategic review. The Board has not decided on any specific course of action.
The Society for Laboratory Automation and Screening’s (SLAS) 2013 conference took place January 12–16 at the Gaylord Palms Resort and Convention Center in Orlando, Florida. Orlando was the location of a past conference of the Society for Biomolecular Sciences, one of SLAS’s forebearers (see IBO 2/15/12). Alas, this is the conference’s last stop in Florida […]
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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.
