Despite a strong final trading session to end the month, US equity markets continued to falter in September due to anxiety over the economic slowdown in China and other emerging markets. Consequently, the Federal Reserve, which was equally pressured by uncertain global economic developments as well as by the strong valuation of the US dollar, […]
Tucson, AZ 9/18/15—Protein Technologies (PTI) has reached an agreement with Peptide Solutions (PSL) in its suit against the company alleging breach of contract, breach of fiduciary duty, misappropriation of trade secrets and proprietary information, and tortious interference (see IBO 1/31/15). PTI has withdrawn the case, and PSL has dropped its counterclaims.
Mannheim, Germany 9/15/15; Cambridgeshire, UK 9/7/15—IVD firm ERBA Diagnostics Mannheim has acquired Lumora, a provider of diagnostic technology for clinical and industrial markets, for an undisclosed amount. “The acquisition of Lumora enhances our existing portfolio of instruments, test kits and reagents for clinical chemistry, microbiology, hematology, diabetes, immunology, urine chemistry, critical care and homeostasis testing,” […]
Omaha, NE 9/30/15 — Transgenomic has announced the signing of a term sheet to sell its Genetic Assays & Platforms Business Unit (GAP) to ADTEC, a Japanese supplier of instruments and reagents to the biotechnology industry. Transgenomic will receive $300,000 for existing GAP stock and inventory. The divestment is expected to reduce Transgenomic’s expenses by […]
Oberkochen, Germany 9/25/15—ZEISS Microscopy has announced a restructuring plan that includes development, production, sales and marketing. One hundred thirty jobs will be eliminated and 150 relocated. Changes will also be made at all Microscopy sites. All activities at the business’s Göttingen site except production will be transferred. Production at the site, consisting of 240 employees, […]
Earlier this year, South Korea’s Ministry of Science, ICT and Future Planning published the “Survey of Research and Development in Korea, 2013,” presenting its latest review of South Korean R&D expenditures. The country’s R&D spending is particularly notable as South Korea, at 4.15%, has the highest R&D expenditures as a percentage of GDP among Organization […]
Regulation is a market driver for the analytical technologies in the oil and gas industry. In August, the US EPA introduced a proposed rule on emission standards for methane and other volatile organic compounds in the oil and natural gas sector (see IBO 8/31/15). Leaks, or fugitive emissions, are a major source of emissions in […]
The June 2015 BP Statistical Review of World Energy reports that in 2014, oil was the most widely consumed source of energy globally, at 33% of worldwide energy consumption. Natural gas accounted for 24%. Although a reduction in oil exploration has accompanied the drop in oil prices starting in the second half of 2014, the […]
Darmstadt, Germany 9/28/15; St. Louis, MO 9/28/15—Merck KGaA has announced that it expects to close its $17 billion acquisition of Sigma-Aldrich (see IBO 9/30/14) within the next two months. Merck had originally expected the transaction to close in the third quarter. “We are diligently working on fulfilling the EU commitments,” commented Bernd Reckmann, member of […]
Pharmaceutical companies in China have increased their investment in R&D to 6.9% of revenue in 2014 from 3.9% in 2009. This has helped them make the shift from manufacturers of active pharmaceutical ingredients to drug developers. Sino Biopharm, for example, stepped up its R&D investment sevenfold to $140 million from 2009 to 2014. This, along […]
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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.
