In the June 30 issue, IBO examined the acquisition of molecular diagnostic providers by companies traditionally associated with research instrumentation and products. QIAGEN NV is one such company. QIAGEN currently offers 34 CE-marked IVD assays, six CE-marked IVD sample preparation products, nine China State Food and Drug Administration– approved IVD assays and one FDA 510K-approved […]
According to a survey by BioSpectrum and the Association of Biotechnology-Led Enterprises published this June, the Indian biotechnology industry grew 30.9% to INR 85.4 billion ($2.1 billion) in Indian fiscal year (IFY) 2006 (ended March 31, 2007), and is expected to reach $5 billion by 2010. Exports grew an impressive 47.0% to INR 49.4 billion […]
Supercritical fluid chromatography (SFC) is experiencing a boom in demand that it never came close to reaching when it was first released. Thanks to technological advancements and general development of the technique, the potential of SFC is now being unlocked. While its initial popularity is associated with chiral separations, considerable potential remains for its use […]
Madison, WI 6/19/07—Roche has agreed to acquire microarray company NimbleGen Systems for $272.5 million. In 2006, NimbleGen posted revenues of $13.5 million and total losses of $8.3 million (see IBO 3/31/07). NimbleGen will join Roche’s Applied Science business, part of Roche Diagnostics, whose other research products include PCR instruments and reagents, and the recently acquired […]
Copenhagen, Denmark 5/29/07—Exiqon A/S has completed an initial public offering of approximately 8.7 million shares on the Copenhagen stock exchange at an offer price of DKK 40 ($7.22) per share, raising gross proceeds of around DKK 347.6 million ($62.8 million). Exiqon develops, manufactures and sells reagents, kits and software for the analysis of nucleic acids […]
The European Chemical Industry Council’s (Cefic) spring economic outlook predicts that EU chemical industry production, excluding pharmaceuticals, will grow 2.7% in 2007, up from 2.1% growth in 2006. In general, high oil prices had less of an effect on the chemical industry than expected and the year started well, with first quarter output rising 3.6% […]
West Chester, PA 6/20/07—VWR International has agreed to acquire Bie & Berntsen A-S, a Denmark-based distributor of laboratory supplies. Financial details were unavailable. Founded in 1992, the family-owned Bie & Berntsen A-S has annual revenues of around $27 million and employs 90 people. Managing Director Søren Kirkegaard will join VWR. “VWR’s expertise in chemicals, consumables […]
SofTA added Disruptive Technologies as a distributor of its evaporative light scattering detectors for France, Belgium and Switzerland. SofTA named California, US-based Bay Scientific as a distributor in April. Eksigent Technologies’ NanoLC HPLC product line is now distributed in the Benelux region by Separations Analytical Instruments BV. Serlabo Technologies now exclusively distributes Eksigent’s NanoLC HPLC […]
PANalytical became the exclusive representative of OBLF GmbH’s optical atomic emission spectrometers in North America. PANalytical acquired the rights to the Wilis & Duncan course on advanced X-ray fluorescence (XRF) analysis. Shimadzu Scientific Instruments (SSI), Shimadzu’s US subsidiary, assumed control of the sales, service and support for Shimadzu subsidiary Kratos Analytical’s X-ray spectrometer business in […]
Recent acquisitions have highlighted the evolving relationship of instrument companies and the molecular diagnostics market. Last month, QIAGEN acquired Digene, the largest provider of human papillomavirus (HPV) diagnostics tests, for $1.6 billion (see IBO 6/15/07). Earlier this year, Agilent acquired Stratagene for $246.2 million (see IBO 4/15/07). These developments follow acquisitions last year by Luminex […]
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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.
