South Korea’s Ministry of Strategy and Finance has forecast that the global biotechnology sector will hit the $2.61 trillion mark by 2024. With the aim of placing South Korea as one of the seven leaders in biotech, the South Korean government plans to eliminate policies that impede the development of new technologies and businesses in […]
Since the unveiling of the first lab-made meat hamburger in 2013, the cellular agriculture sector, in which biotechnology is used to make food products as opposed to animals, is burgeoning. With startup companies emerging around the US, it is unclear how the US government will regulate the new type of food production. Typically, the USDA […]
In the UK, pharmaceutical companies have launched “money back guarantees” for expensive treatments of rare diseases. With this new setup, drug companies are responsible for high success rates of certain treatments for rare medical illnesses. If the drug does not live up to what it claims to do, then pharmaceutical companies are responsible for all […]
The culture of academic collaboration is beginning to change with the burgeoning practice of scientists asking for specific credit for who did what in regards to studies and R&D alliances. This has brought changes in scientific workplaces, but also in publications, where footnotes are dedicated to breaking down exactly who contributed what information. These changes […]
Company Announcements For the fiscal year ending March 31, Hitachi High-Technologies’ Science and Medical Systems (SMS) sales grew 7.8% to ¥177 billion ($1.5 billion = ¥120.08= $1) to account for 28% of company revenues (see IBO 4/30/16). Segment growth was driven by strong demand for electron microscopes and clinical analyzers. SMS operating margin declined 90 basis […]
Company Announcements In June, NuGEN Technologies appointed Nitin Sood as CEO. He formerly served as vice president and general manager of PerkinElmer’s life sciences instruments business. Product Introductions Anton Paar introduced in May the Monowave 50 Reactor for microwave synthesis, priced at less than $8,000. Chromatrap released a 96-well high-throughput purification plate for production of […]
Agilent Offers Cautious Outlook in Europe Agilent Technologies posted better-than-projected fiscal third quarter organic sales, driven by robust growth in China and continued strength in the food and pharmaceutical markets. Organic sales, which excludes the discontinued NMR business (see IBO 3/31/15), currency and acquisitions, advanced 3% to $1,044 million. Organic growth slowed sequentially due to […]
Universal testers are devices that apply stress to a material in order to measure its strength. They are most commonly associated with the measurement of tensile (stretching) and compressive (crushing) strength, but they can also assess other forms of stress resistance, including shear, flexion, tear and peel. As their name suggests, universal testers can assess […]
In the “2016 IBO Lab Equipment Design Awards” article on page 6 of the August 15 issue of IBO, the quotes regarding Miele Professional’s Flex Series undercounter glassware washers should have been attributed to Marion Anacker, International Product manager at Laboratory Products Miele Professional, not to Deborah Ruriani. Additionally, on page 7, Atago’s VISCO instrument […]
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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.
