Company Announcements In March, GE Healthcare opened an Innovation Village in Cardiff, Wales, which will support 8–10 businesses. Quantum Analytics named Marty Kaloostian as president and CEO in March. Most recently, he led Merger & Acquisition and Technology Licensing deals for Agilent Technologies. Under an April strategic relationship, Becton, Dickinson will provide additional grant funding […]

A recent survey of 40 senior executives in China, across the aerospace and defense, automotive, consumer products, engineering and industrial products, and metal industries, and conglomerates, found that most plan to increase R&D spending. While only 65% of the companies spent 4% or more of revenues on R&D in the past two years, 93% plan […]

The European Commission decided last month to reduce the €2.7 billion ($2.9 billion) in budget cuts to Horizon 2020 that were previously planned to €500 million. The budgets of the European Research Council, the Marie Sklodowska-Curie Actions and the “widening participation” program will be preserved. The EU Budget Commissioner, Kristalina Georgieva, indicated that budget cuts […]

By 2025, according to Citigroup estimates, the South Korean market for biosimilars will reach $18 billion, with companies investing $110 billion in their development. South Korea aims to build this market to order to elevate its status as a global pharmaceutical supplier, increase its pharmaceutical exports to $20.5 billion and have 3 of the top […]

The fiscal 2016 budget for Japan was passed in April, totaling ¥96.34 trillion ($775 billion). At ¥3,447 billion, funding for science, technology and innovation declined 5.0%. The Ministry of Education, Culture, Sports, Science and Technology received ¥2,280 billion, down 1.4%. Much of the change reflects decreased subsidies for the country’s national universities. The Ministry of […]

US bulk chemical producers are benefiting from the rise in US shale gas output and subsequent lower gas prices. In contrast to producers in other regions that rely on oil products, such as naptha, for feedstock, US companies’ access to shale gas provides them with cheaper feedstock, including ethane. Commodities chemicals provider LyondellBasell is an […]

Expanding Markets Lift Affymetrix Q1 Sales Affymetrix first quarter sales grew 6.9%, 9% excluding currency, to $88.7 million. The negative impact from currency was partially reduced by hedging gains of $2.2 million. Product sales grew 7.7% to $79.4 million. Consumables sales grew 9.4%, and Instruments sales fell 23.5% to account for 86% and 3% of […]