Wal-Mart has announced that its suppliers will now be required to disclose and ultimately end the use of 10 potentially harmful chemicals found in fragrances, cosmetics, household cleaners and personal care products sold at its stores. The company did not disclose which chemicals the new requirements cover, but stated the chemicals were chosen due to […]
The World Economic Forum’s (WEC) “Global Competitiveness Report 2013–2014” identified Switzerland as the world’s most competitive country. Singapore, Finland, Germany and the US rounded out the top five most competitive countries. To determine rankings, the WEC considered 12 pillars, including innovation, which were based on its annual Executive Opinion Survey, and data from other international […]
Epigenetic modifications are responsible for heritable changes in gene expression that do not affect the gene itself. Chromatin remodeling, DNA methylation and gene expression regulation by non-coding RNAs are all epigenetic mechanisms. Epigenetic mechanisms of action can serve as valuable targets of drug development. In fact, two DNA methylation inhibitors and two histone deacetylase (HDAC) […]
Second quarter 2013 IBO Life Science Index sales grew 2.6%, 4.5% excluding currency, to $3,408 million. Operating profit was flat at $701 million. Based on continuing operations, operating margin slipped 70 basis points to 20.6% of sales. Fiscal third quarter revenue for Becton, Dickinson’s BD Biosciences division declined 4.2%, 2.5% excluding currency, to $257.1 million […]
San Diego, CA 9/3/13—Lab informatics firm Accelrys has acquired ChemSW, a provider of compliance solutions for environmental health and safety, including automated chemical inventory management, for $15.3 million in cash. The acquisition is expected to be modestly accretive to Accelrys’s non-GAAP EPS for 2013 and contribute $1–$2 million in non-GAAP revenues this year. ChemSW employees, […]
Washington, DC 9/6/13—In its second quarter SEC filing, Agilent Technologies disclosed that it is investigating whether certain employees may have violated its Standards of Business Conduct and other policies in relation to the sale of products through third-party intermediaries in China. The investigation includes a review of compliance by Agilent employees with regard to the […]
Beverly, MA and Boulder, CO 9/6/13—Enzymatics, a producer of reagents, kits and assays, has acquired ArcherDx, a developer of kits and software for next generation sequencing (NGS) for use in investigating cancer treatments, for cash, equity and potential milestones worth up to $50 million. Enzymatics stated that the acquisition expands its Enzymatics Diagnostics group, adding […]
Billerica, MA 9/12/13—Bruker has acquired Prairie Technologies, a supplier of life science fluorescence microscopy products, for an undisclosed amount. Prairie had 2012 revenues of $11 million and has 30 employees. “Their Ultima two-photon microscopy product line and the new Opterra swept field multipoint scanning confocal fluorescence product line present new exciting areas of growth for […]
Marcy l’Etoile, France 9/3/13—IVD firm bioMérieux has agreed to acquire PCR provider BioFire Diagnostics for $450 million and BioFire’s net financial debt. BioFire manufactures the multiplex PCR FilmArray System for the diagnosis of infectious disease. Based in Utah with 500 employees, BioFire is estimated to have 2013 revenues of $70 million, including $40 million in […]
Hydraulic fracturing, or fracking, extracts natural gas from underground shale by drilling vertically and then horizontally and injecting water, chemicals and proppants under high pressure into the well to release the trapped gas. According to the Energy Information Administration, US production of shale gas increased from 1,990,145 million cubic feet (mcf) in 2007 to 8,500,983 […]
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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.
