Company Announcements In June, XRF Scientific entered into a memo of understanding to acquire Kitco Labware, a supplier of platinum labware and precious engineered products, from Kitco Metals. XRF is a supplier of Kitco Labware. The acquisition will provide diversification of revenue from new end-markets, expansion into Latin America and an expanded customer database. Product […]
Company Announcements Real Time Genomics and Omicia entered into a commercial partnership in April to deliver genomic analysis and interpretation, respectively, in a single workflow for the clinical interpretation of childhood diseases. The integrated product will be launched later this year. Life Technologies partnered with Ridom in April to make SeqSphere+ whole-genome bacterial typing software […]
Company Announcements GE Healthcare Life Sciences revenue was flat in the first quarter, according to GE’s conference call. FLIR Systems named Andrew C. Teich, president of Commercial Systems, president and CEO in May, replacing Earl Lewis, who remains chairman. QIAGEN first quarter revenues grew 2.4%, 1% organically, to $303.6 million (see IBO 4/30/13). AmniSure (see […]
South Korea’s Cabinet approved a five-year plan earlier this month to invest over $79.8 billion in new technology R&D. This is Korea’s third plan of this type and raises spending by over 30% from the previous plan. In addition, the Ministry of Science, Information and Communications Technology and Future Planning will release a plan next […]
R&D spending on pharmaceutical activity carried out in the EU rose an estimated 2.1% to €30 billion ($38.6 billion) in 2012, according to data obtained from a questionnaire sent to European Federation of Pharmaceutical Industries and Associations (EFPIA) members earlier this year. In 2011, by country, pharmaceutical R&D spending in the UK was the highest […]
In a bid to increase Israel’s life science industry, the government has announced incentives for global corporations to invest in the country. The Office of the Chief Scientist (OCS) raised the share of its budget for life sciences to almost 30%, including formation of the $220 million OrbiMed venture fund. Merck, the first multinational firm […]
According to the Semiconductor Equipment and Materials Institute’s (SEMI) latest forecast, sales of capital equipment will fall 1.7% this year to $36.29 billion before climbing 21.2% in 2014, led by spending on NAND Flash fabs and investments by Intel. Spending on Test, Assembly & Packaging, and Other equipment is expected to decline 15.5%, 17.2% and […]
Amid an economic slump, capital and R&D spending increased in 2012 for the majority of the 15 US, 16 European and 12 Japanese chemical firms followed by Chemical & Engineering News, indicating confidence in stronger demand ahead. Among these companies, capital spending by the European firms soared 51.8% to $20,512 million and R&D expenditures increased […]
Global primary energy consumption increased 1.8% in 2012, compared with 2.4% in 2011, as a result of improved energy efficiency and the economic downturn. Much of the demand came from non-OECD countries, as China and India combined represented 89% of growth. Oil was the primary fuel used in 2012, with consumption increasing by 890,000 barrels […]
First quarter revenues for the IBO Lab Equipment/Consumables Index grew 0.9%, 1.8% excluding currency, to $4,125 million. Adjusted operating profit declined 1.7% to $730 million. Based on continuing operations, operating margin for the Index contracted 70 basis points to 18.3% of sales. Kewaunee Scientific fiscal fourth quarter sales ending April 30 grew 9.7% to $31.8 […]
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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.
