The EPA proposed a rule to lower air pollution from vehicles. The Tier 3 Motor Vehicle Emission and Fuel Standards will reduce the sulfur content of gas to 10 ppm on an annual average basis starting in 2017. The vehicle emission standards will be phased in, affecting vehicle models produced between 2017 and 2025. The […]
The Obama Administration announced plans for the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative, for which the president will request $100 million in funding for fiscal 2014. The Initiative will seek to develop technologies to image individual brain cells and neural-circuit interactions with the goal of improving the treatment of brain disorders. The budget […]
A survey by Booz & Company of drug company executives, experts and its own staff concluded that a tailored approach to local markets is needed for pharmaceutical firms in emerging markets. In 2016, emerging markets are forecast to account for 30% of the $1,190 billion worldwide pharmaceutical market, up from 20% in 2011. Among emerging […]
The US federal government’s primary science R&D agencies must deal with less funding for fiscal 2013 (FY13) (October 2012–September 2013) in the wake of the finalized budget. The budgets for most science R&D agencies are cut by an automatic 5.0% as part of the sequestration (see IBO 3/15/13), in addition to any reductions from FY12 […]
Fourth-quarter 2012 IBO Lab Equipment/Consumables Sales Index revenues grew 2.1%, 3.4% excluding currency, to $4,316 million. Operating profit advanced 0.4% to $735 million. Operating margin declined 50 basis points to 17.9% of sales. Full-year 2012 Index sales grew 1.6%, 2.6% excluding currency, to $16,472 million. Adjusted operating profit rose 2.7% to $2,889 million. Operating margin […]
Santa Clara, CA 4/9/13—Affymetrix has announced that it expects first-quarter revenues of $78 million, including eBioscience revenue of $19 million. “Our revenues for the first quarter were below expectations, primarily due to continued headwinds in our gene expression business across all regions, in particular Japan, where we came in significantly short of plan,” stated Affymetrix […]
Irvine, CA 3/28/13—HORIBA Instruments, the US subsidiary of HORIBA, has acquired the process analytical product line of flow equipment provider Cameron. The business includes products, systems and services for measuring liquids and gases used to refine, dissolve and process petrochemical products. The product line will join HORIBA’s Process & Environmental segment. HORIBA stated that the […]
Radnor, PA 4/2/13; Radnor, PA 4/4/13—VWR has purchased two European firms. VWR International has acquired Prolab Laboratuar Teknolojileri (Prolab), a Turkish distributor of scientific laboratory supplies. Financial details were not disclosed. Prolab has been VWR’s distributor in Turkey for several years. “In alignment with our recent acquisitions in China and Latin America, Prolab will allow […]
Carlsbad, CA 4/12/13—Life Technologies has acquired KDR Biotech, a South Korean reagent distributor and Life’s primary Korean distributor since 1982. Financial details were not disclosed. “The acquisition of KDR Biotech is in line with Life’s Asia-Pacific Japan strategy to further develop customer relationships, improve the customer experience and increase revenue in the fast growing South […]
Waltham, MA and Carlsbad, CA 4/15/13—Thermo Fisher Scientific will acquire Life Technologies for $76.00 per fully diluted common share, or $13.6 billion (see IBO 3/31/13). This is a 7.5% premium over Life’s closing price on the prior trading day. Thermo will also assume Life’s net debt, which totaled $2.2 billion at the end of 2012. […]
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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.
