The FDA has announced revisions to four areas of its proposed rules for implementation of the Food Safety Modernization Act. For the rule on produce safety, the proposed revision includes water-quality–testing requirements for produce safety, including an updated microbial-quality standard, greater flexibility for compliance with the microbial standard, and a more targeted approach to testing […]
R&D spending by oil companies is at risk as firms cut costs. Critics argue that the cuts come at the time when investment is most needed in order to maintain current growth using new technologies and to develop alternative energy. Among large oil firms, Royal Dutch Shell and Total spent the most on R&D in […]
Major US equity markets fell in September due to continued geopolitical concerns in the Middle East and Ukraine as well as waning economic growth in China and weak manufacturing data in Europe. In addition, a divergence in monetary policy by major central banks has obscured global economic growth outlooks, as Europe and China are looking […]
Washington, DC 9/30/14—In an SEC filing, Agilent Technologies announced that the US Department of Justice (DOJ) has closed its inquiry into possible violations of the US Foreign Corrupt Practices Act by the company’s employees in China (see IBO 9/15/13). Agilent was notified earlier this month that after completing its investigation, the SEC’s Division of Enforcement […]
Staffordshire, UK 9/24/14—Laboratory-equipment provider Bibby Scientific has acquired 100% of the share capital of PCRmax. A UK-based sales and distributor company, PCRmax is also the registered owner of the intellectual property previously owned by Illumina with respect to the ECO QPCR instrument. “This acquisition underlines our determination to become a leading global player in the […]
Reinach, Switzerland 9/2/14; Reinach, Switzerland 9/18/14; Jena, Germany 9/18/14—Analytik Jena has announced that it plans to delist from the Frankfurt Stock Exchange’s Prime Standard segment. Over-the-counter listings on the Stuttgart, Munich, Hanover, Düsseldorf, Berlin and Hamburg exchange will be not be affected. The company stated that it expects to reduce administrative costs as a result […]
Cambridge, UK 9/29/14—Horizon Discovery, a provider of gene-editing technology and services, has agreed to acquire Sage Labs for $48 million in cash and stock. Sage is a supplier of advanced in vivo transgenic disease models for use in preclinical research. Sage generated nine-month revenues of $4.7 million. Horizon stated that the acquisition diversifies its product […]
Washington, DC 9/17/14—In a filing with the SEC, VWR has set an IPO price of $22–$25 per share (see IBO 6/30/14) and will offer 25,532,000 shares of common stock on the NASDAQ stock exchange. At the midpoint of the price range, the company expects to raise approximately $561.0 million. Following the offering, current majority-owners Madison […]
Santa Clara, CA 9/17/14; Santa Clara, CA 9/17/14; Santa Clara, CA 9/17/14—Agilent Technologies has announced that Mike McMullen, senior vice president and president of the Chemical Analysis Group (CAG), will succeed William Sullivan as CEO on March 18, 2015. Agilent has appointed Mr. McMullen president and COO, effective immediately. “Agilent’s re-launch is the perfect time […]
Darmstadt, Germany and St. Louis, MO 9/22/14—Pharmaceutical and chemical company Merck KGaA has agreed to acquire Sigma-Aldrich, a life science and technology firm, for $140 per share in cash, or approximately $17 billion. The price represents a 37% premium to Sigma’s September 19 closing stock price. The companies offer a complementary range of products including […]
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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.
