Public funding sources in the EU and Australia are establishing programs to assist biotechnology projects that are trying to negotiate the so-called “valley of death”—the funding gap that lies between academic grants and industrial licensing or venture capital backing. The European Investment Fund entered into a €8 million ($10.6 million) partnership with Belgium’s University of […]
San Diego, CA 3/13/07; Santa Clara, CA 3/13/07; San Diego, CA 3/1/07—A jury from the US District Court for the District of Delaware decided that Illumina infringed on, and induced infringement on, claims of five Affymetrix patents. The jury determined a proper royalty rate of 15% and awarded $16.7 million in damages to Affymetrix for […]
London, England 3/12/07—Linde has sold BOC Edwards’s vacuum and semiconductor businesses to private equity firm CCMP Capital for €685 million ($901.1 million). BOC Edwards is a supplier of vacuum systems to analytical instrumentation companies, among other industries. “This is the start of a new independent era for BOC Edwards in which we can focus on […]
Fourth quarter 2006 IBO Life Science Index sales rose 8.7% to $2,124 million. Operating profit for the same period gained 2.8% to $343 million, a steep decline from the previous quarter’s operating profit growth of 19%. Operating margin slipped 110 basis points from 17.2% to 16.1% of revenues. Year-over-year Life Science Index sales increased 7.7% […]
Since 2000, biomedical sciences (BMS) manufacturing output in Singapore has nearly quadrupled. According to the Agency for Science, Technology and Research, total expenditure on biomedical research in Singapore grew from SGD 310.7 million ($203.7 million) in 2001 to SGD 888.9 million ($582.8 million) in 2005. The latest step in this growth trend was a 30.2% […]
Routine Becomes Commonplace Although advancing technology remains an important aspect of instrument companies’ product development and reputation, companies are putting greater emphasis on instrumentation for so-called routine applications, such as quality analysis and quality control testing, or other nonresearch applications. Many of the fastest growing markets, including food and beverage and metals testing, do not […]
Upcoming moves by the FDA could spur a number of pharmacogenomic studies for warfarin and eventually bring pharmacogenomic tests into the mainstream. The Food and Drug Administration is considering changes to the label of warfarin, a popular anticoagulant, that warn consumers of the drug’s varying effects on people depending on their genotypes. While there are […]
The Indian government released its fiscal 2007–08 (starting April 1) budget on February 28. The budget contained favorable news for instrument companies and their customers. The annual budget for the Ministry of Science and Technology rose 46% to Rs3,271 ($74.0 million). Within the Ministry, the Department of Science and Technology received a 58% increase in […]
Atomic Spectroscopy Bruker AXS, following the acquisition of Quantron (see IBO 9/15/06), released “Brukerized” versions of Quantron’s arc-spark instruments around the first of the year. The Q6 Columbus is a laboratory system, as is the Q8 Magellan, which is priced at about $65,000. The Q8 Coronado (based on the Magellan) is an automated system for […]
Company Announcements In January, eGene entered into a distribution agreement with Fisher Scientific Canada for the HAD-GT12 system. eGene entered into a three-year distribution agreement with Gene Company for China. Under a value-added reseller agreement, Picometrics SA will provide Agilent Technology’s capillary electrophoresis system coupled with its laser induced fluorescence detector. In February, Advanced Analytical […]
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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.
