A South Korean effort to increase R&D spending to 5% of GDP, in contrast with last year’s R&D spending of 3.49% of GDP, will mean an overhaul of the national capabilities in basic sciences. For 2008, South Korea plans to spend $10.6 billion on science and technology development, 25% of which will go to basic […]
In 2007, Egypt imported $40 million of biotechnology laboratory equipment, and the market is expected grow 10% per year. The government’s five-year plan for 2007–2012 will spend $800 million to upgrade equipment in scientific research centers. In addition, the plan sets aside $5.3 billion for agriculture, including the development of biotech-based crops, and $5.1 billion […]
Company Announcements In 2007, Biolin AB acquired UK-based Nima Technology, a provider of Langmuir Blodgett instruments for the analysis of monolayers and of tensiometers. Brightwell Scientific announced in November 2007 that Benelux Scientific will distribute its Micro Flow Imaging particle analysis products in Belgium, the Netherlands and Luxembourg. On January 1, Setaram began exclusively distributing […]
Company Announcements Electronic Sensor Technology entered into a distribution agreement with Brechbuhler AG for Switzlerland, France, Italy and Austria in December 2007. In February, Electronic Sensor Technology announced a recapitalization agreement with Halfmoon Bay Enterprises, which will provide $5.5 million in exchange for 39%–44% ownership of its common stock, depending upon the stock’s closing price […]
Company Announcements In January, Synamatix announced a research collaboration with the Universiti Malaysia Sabah’s Biotechnology Research Institute. In January, Golden Helix launched a collaboration program, whose inaugural members include the University of California Los Angeles, Zucker Hillside Hospital, Montreal Heart Institute, Emory University, Case Western Reserve University and the University at Lübeck in Germany. CLC […]
This month, investors were left to weigh negative news involving liquidity issues in the financial markets after the collapse of Bear Sterns. At the same time, they had to consider the Federal Reserve’s 75 basis-point cut in interest rates on March 18 to 2.25%, which was designed to increase the availability of credit in the […]
Experts say that for 2008 the price of steel will remain unpredictable due to a supply crunch and cost increases. For the first two weeks of February, the price of hot rolled steel increased 6%, and Lehman Brothers analysts have predicted that worldwide steel prices will increase 25% in 2008. Unlike the US steel panic […]
Company Announcements Eurofins acquired Operon Biotechnologies in late 2007 and consolidated the company’s operations with Eurofins MWG and Eurofins Medigenomix for custom oligonucleotide synthesis services. In total, the three operations generate $50 million in revenues. Under a three-year research, supply and marketing agreement, Berry & Associates and Luminos will develop designer reagents to enable luminescent […]
Atomic Spectroscopy The Q4 Tasman is Bruker AXS’s latest introduction into the arc-spark spectrometer market. The system features a high-resolution CCD detector, making it fast and suitable for a wide range of general applications. The system should begin shipping by the end of March and is priced at approximately $90,000–$130,000. The S1 Tracer from Bruker […]
A $1 billion project to decode the DNA of 100,000 people will be undertaken by Harvard University scientist George Church with the backing of Google and OrbiMed Advisors. Dr. Church’s project will focus on tying each subject’s DNA to their health history in order to create a database with which to develop new medicines. The […]
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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.
