Total R&D spending for 22 leading publicly held instrument and lab product companies (see table, page 6) increased at a tepid pace in FY15 and declined as a percentage of sales due to restructuring initiatives, cost saving measures as well as sturdier top line growth. Several companies’ R&D expenditures benefited from currency effects, improved product […]
It was a challenging year for many publicly held contract testing lab companies, which provide a variety of analytical testing as well as other services across a range of industries. With networks of labs worldwide and extensive testing capabilities, such companies are major customers for analytical instrumentation and lab products. Their acquisition activities, lab expansions […]
Minneapolis, MN 7/1/16; Minneapolis, MN 7/6/16—Bio-Techne has acquired two companies. On July 6, the company announced the purchase of Advanced Cell Diagnostics (ACD) for $250 million in cash plus an additional $75 million based on attaining certain milestones. ACD provides consumables for genomic analysis for research and diagnostic applications. Its products include the RNAscope RNA […]
Brumath, France & Nottingham, UK 7/5/16—France’s Dominique Dutscher (DD) and the UK’s Scientific Laboratory Supplies (SLS), two independent laboratory product distributors, have announced a merger agreement. Financial details were not disclosed. The new company, the largest independent European distributor of lab products, will have revenues of €180 million ($200 million = €0.90 = $1). The […]
Goettingen, Germany 7/15/16; Broomfield, CO 7/15/16—Sartorius, a supplier of pharmaceutical and lab equipment, has acquired ViroCyt for $16 million. ViroCyt provides automated platforms for virus counting. In 2016, ViroCyt’s sales are expected to grow double digits to more than $3 million, with break even underlying EBITDA anticipated by the end of 2018. “After acquiring the […]
Basel, Switzerland 6/30/16—Pharmaceutical industry supplier Lonza has announced the acquisition of Triangle Research Labs (TRL) from PBM Capital. Financial details were not disclosed. TRL provides fresh and cryopreserved hepatocytes and non-parenchymal cells from multiple species, and supporting media and culture systems. “Integrating this business into its primary cell portfolio lays the basis for new product […]
Direct Sales Deliver Biotage Growth First quarter sales for Biotage climbed 10.2%, 9.3% excluding currency, to SEK 158.9 million ($18.8 million = SEK 8.46 = $1). Sales for all major product lines expanded, including double-digit sales growth for sample preparation, purification and industrial products. Continued demand for the Isolera purification system as well as for […]
Late last month, Vice President Joe Biden announced additions and changes to the Cancer Moonshot Task Force initiative. These include, but is not limited to, the National Cancer Institute (NCI) collaborating with 20–30 pharmaceutical and biotechnology firms to accelerate researchers’ access to data, “investigational agents” and approved drugs, with the first agents estimated to be […]
In 2015, total world primary energy consumption increased 1.0%, which is below the 10-year average growth rate of 1.9%. Of this increase, emerging economies accounted for 97% of the increase. Renewable power use continued to grow steadily, representing 3% of global primary energy consumption. The annual average oil price stabilized at $52.39/barrel, a 47% decline; […]
In June, the Centers for Medicare and Medicaid Services published its final rule for lab fee schedule changes. As with the proposal (see IBO 10/15/15), private rates for clinical lab diagnostic tests will be set according to the weighted median reported rates of private payors, with limitations. New to the final rule is the implementation […]
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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.
