The Turkish government has allocated TRY 7.461 million ($2.566 million) for R&D in 2016, a 20.9% increase. This budget pertains to government-funded R&D in the federal, business, private and higher education sectors, as well as to organizations established abroad. In 2015, R&D funding accounted for 0.32% of GDP and 1.08% of the government’s annual budget […]
Based on R&D data submitted by the 10 largest pharmaceutical companies in South Korea, in 2015, the average rate of pharmaceutical R&D expenditure was 10.46% of their revenues. Revenues for the 10 companies was KRW 7.5 trillion ($6 billion), with total R&D expenditure of KRW 774 billion ($672 million). Of the 10 companies, seven invested […]
Sequencing in China is on a rapid rise, with the country accounting for 20%–30% of global sequencing capacity. Driving this growth is China’s 15-year precision medicine program (see IBO 1/31/16). The multi-billion dollar budget of the initiative will be used for improving precision medicine technology, sequencing, analyzing over a million human genomes, and drug development […]
The Semiconductor Equipment and Materials Institute (SEMI) presented the Semicon West 2016 trade show at Moscone Center in San Francisco from July 12 to July 14. For several years, the show has been colocated with two other related meetings focusing on solar energy and photovoltaics: Solar 2016 and Intersolar North America. Organizers estimated that 30,000 […]
Company Announcements Sartorius first quarter sales grew 17.0%, 14% organically, to €301.9 million ($331.8 million) (see IBO 4/30/16). Lab Products & Services (LPS) revenue rose 5.2% organically to account for 25% of revenues, led by strong demand for lab filters. Organic LPS sales in EMEA, Asia Pacific and the Americas grew 0.3%, 8.7% and 14.0% […]
Company Announcements Human Longevity (HLI) announced in April a 10-year agreement with AstraZeneca to sequence and analyze up to 500,000 DNA samples from clinical samples. The insights will be added to HLI’s Knowledgebase. Takara Bio USA and Integrated DNA Technologies announced a collaboration to support low-input targeted RNA sequencing. TATAA Biocenter agreed to distribute Lexogen’s […]
Company Announcements Nature reported in May that antibody supplier Santa Cruz Biotechnology had agreed to pay $3.5 million for the violation of the US Animal Welfare Act. The settlement also cancels the company’s license to sell, buy or import animals and its registration to operate as an animal research facility. DefiniGEN, a provider of stem […]
Company Announcements The Irish Times reported in April that Merck KGaA opened a €55 million ($63 million) manufacturing and R&D facility at its site in Cork, Ireland. The facility will produce specialty membrane and chromatography media products. BIA Separations named Nilsan Nishotech Systems as a new distributor for India. In June, protein chromatography firm Practichem […]
Company Announcements Lab equipment and manufacturing solutions provider SP Industries purchased in March PennTech Machinery, a provider of complete vial handling solutions. In April, OpenGate Capital and Thermo Fisher Scientific mutually stipulated to the dismissal with prejudice of OpenGate’s suit against Thermo Fisher (see IBO 5/31/13). In April, Esco Ventures established Esco Ventures Labs, a […]
The industrial process for converting a liquid solution or slurry into a dry powder is known as spray drying. A typical spray dryer operates by dispersing liquid feed in the form of a mist into a cylindrical chamber, where a stream of hot gas can dry the droplets in a split second. Although the vast […]
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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.
