On February 29, the Indian government announced its fiscal budget for 2016. The Department of Science and Technology received INR 44.7 billion ($650 million) and the Department of Biotechnology (DBT) received INR 18.2 billion for the year, a 17% and 12% rise in allocations, respectively. The Ministry of New and Renewable Energy’s budget jumped from […]
The International Energy Agency (IEA) has stated that oil prices may have “bottomed out” due to a decrease in production outside the Organization of Petroleum Exporting Countries (OPEC). Oil production outside OPEC is forecast to decrease by 750,000 barrels/day for 2016. This number is 150,000 barrels/day more than IEA estimates from January. Since hitting the […]
A recent study has calculated the average cost for drug development (including marketing approval) at $2.558 billion. According to Tufts Center for the Study of Drug Development, this figure was reached through estimating average out-of-pocket costs to be $1.395 billion and time costs to be $1.163 billion. Once the drug is approved, R&D costs for […]
According to Reuters’ “Top 25 Global Innovators—Government” list, the Alternative Energies and Atomic Energy Commission (CEA) (France), the Fraunhofer Society (Germany), and the Science and Technology Agency (Japan) are the top three most pioneering government-funded institutions that are advancing science and technology. The US has six institutions on the list, France and Japan both have […]
Bio-Rad Sees Improved Research Spending Fourth quarter 2015 sales for Bio-Rad Laboratories Life Science (LS) contracted 2.5% to $218.1 million to account for 38% of revenues. However, excluding currency, organic sales advanced 3.4%, led by demand for digital PCR, process media, cell biology and western blotting products. Geographically, organic growth was strongest in China, Europe […]
Herisau, Switzerland 3/4/16—Metrohm, a manufacturer of chemical analysis instruments, has acquired a majority of Snowy Range Instruments (SnRI), a provider of handheld Raman spectroscopy systems, for an undisclosed amount. The firms have worked as partners in the development of the systems. US-based SnRI will now be known as Metrohm Raman and will remain based in […]
Hillerød, Denmark 3/4/16—FOSS, a provider of analytical instrument for food and agriculture testing, has acquired Soft Flow Hungary. Soft Flow provides microbead assay technologies and has 22 employees. The companies have worked together on a project for more than three years. “With this acquisition, we gain access to competencies that can further boost the implementation […]
Mullheim, Germany/Tustin CA 3/1/16—Optical solutions and components manufacturer Hellma has announced the acquisition of Axiom Analytical, a provider of optical precision modules for online spectroscopy in process industries. The company will be known as Hellma Axiom. “With the Axiom Analytical acquisition, we will ensure profitability in the industrial sector of the Hellma Group and in […]
Washington, DC 3/8/16—In a letter to the US International Trade Commission (ITC), Oxford Nanopore denied infringement of a patent held by Illumina that is the subject of a federal suit and complaint filed with the ITC by Illumina (see IBO 2/29/16). Oxford Nanopore contends that Illumina’s actions are intended to “stifle competition,” that it believes […]
Washington, DC 2/28/16; San Diego, CA 3/7/16—Illumina has announced that Chairman and CEO Jay Flatley will move to a new role, executive chairman, effective July 5. Mr. Flatley was named chairman on January 28. He has served as CEO since 1999, when he joined the company. President Francis deSouza has been named president and CEO. […]
Pay Invoice
Latest Blogs
-
Lab Instrument Sales in China Collapse
March 29, 2024 1:15 pm
-
Pittcon 2024 Comes to San Diego
February 14, 2024 1:10 pm
Sitemap
Your Data and Privacy
About Us
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.
