New EU toy regulations that took effect this month are expected to impact the Chinese toy industry. In 2012, the value of China’s toy exports totaled $11.45 billion, with $2.6 billion in exports to the EU, the second-largest market. The regulations specify mechanical, electrical, chemical and hygiene requirements for toys, including chemical content. Among the […]
Power continues to shift in the oil industry from major publicly listed oil firms (supermajors) to national oil companies (NOCs). More than 90% of global oil reserves are now owned by NOCs, and six of the world’s largest oil producers are NOCs. As a result, the supermajors are now more dependent on finding fresh sources […]
The Ministry of Science, ICT and Future Planning (MSIP) has announced that South Korea’s 2014 R&D budget will be KRW 11.7 trillion ($10.4 billion). The amount includes KRW 3.9 trillion ($3.5 billion) for Korea’s “creative economy” initiative. An increase of 26.7% to KRW 1.1 trillion will be allocated for startups and small- and medium-size enterprises […]
An analysis of 1,027 human drug targets in active preclinical or clinical projects, excluding multiple-target projects, in Citeline’s 2013 Pharmaproject database has found 58% are being worked on by more than one company. Of the 247 proven targets for which drugs have previously been developed, 88% are being worked on by multiple companies, with four […]
The IVD market experienced the slowest growth of the last decade in 2012. The market grew 4.8% in 2012, according to Enterprise Analysis. The anatomic pathology segment grew the fastest at 8.3%. The molecular and point of care/physician office laboratory segments grew 7.2% and 7.0%, respectively. Despite lackluster growth, the market is expected to rebound […]
Second quarter revenues for IBO’s Laboratory Instrument Sales Index grew 4.5%, 4.9% excluding currency, to $5,999 million. Operating profit advanced 3.8% to $1,200 million. Based on continuing operations, operating margin slipped 10 basis points to 17.6% of sales. Modest growth rates are included for Oxford Instruments, which did not report earnings before this issue’s publication. […]
Brno, Czech Republic 8/5/13—Tescan, a provider of scanning electron microscopes (SEMs) and focused ion beam (FIB) workstations, has merged with Orsay Physics, a supplier of FIB and electron beam technology, to form Tescan-Orsay. Orsay Physics has been Tescan’s sole supplier of ion beam technology since 2007.
Calgary, Canada 8/2/13; Calgary, Canada 8/7/13; Calgary, Canada 8/7/13; Toronto, Canada 8/7/13; Toronto, Canada 8/1/13; Toronto, Canada 8/5/13; Toronto, Canada 8/14/13— On August 7, 1756349 Alberta completed its offer to purchase the outstanding shares of Galvanic Applied Sciences, a provider of online analytical instrumentation for natural gas and liquid processing, for CAD 1.70 per share […]
Indianapolis, IN 8/1/13—Beckman Coulter Life Sciences has acquired the flow cytometry business assets of ReaMetrix India. The acquisition will expand Beckman Coulter’s flow cytometry reagent offerings, adding ReaMetrix’s dry temperature-stable reagents for clinical research and HIV monitoring. “This acquisition provides both immediate opportunity and long-term value,” said Mario Koksch, vice president and general manager of […]
Austin, TX 8/7/13; Washington, DC 7/7/13—Luminex has announced a restructuring plan, including a 5% reduction in its workforce. The plan will affect the Assay and Related Products’ Newborn Screening Group, as well as the company’s Brisbane, Australia, office, which will be closed. The changes are expected to result in annualized cost savings of $5–$6 million, […]
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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.
