Santa Clara, CA 12/3/08—Symyx Technologies, a provider of informatics and automation products, instruments and services, has announced a restructuring that is designed to reduce 2009 expenses by an estimated $15 million, excluding restructuring charges. The company will combine its Tools and Research operations to form the High Productivity Research unit, which will be organized by […]
IBO’s latest survey of US litigation among selected instrument and lab product companies finds one case set for trial, four new cases and a series of settlements. Among the suits that have settled or have been voluntarily dismissed are suits that were detailed in our last overview of patent litigation in July (see IBO 7/15/08). […]
The steel industry could be ripe for a new round of mergers and acquisitions. The $800 billion industry has already experienced a number of mega-mergers during the last 10 years. Steel prices have fallen 50% over the last four months, as have stock valuations, leaving many companies vulnerable to takeovers. Companies with substantial cash and […]
Company Announcements ScienceServe GmbH agreed to allow Advanced Chemistry Development to regain the right to directly manage sales and support in Germany, Austria and Switzerland. CLC bio became an Illumina Connect partner. CLC bio signed a strategic collaboration agreement with the J. Craig Venter Institute, which includes a multiyear site license. Ariadne Genomics named World […]
Salt Lake City, Utah 12/8/08—Brigham Young University (BYU) and MS company Torion Technologies have filed suit against Hitachi High-Technologies America in the US District Court for the District of Utah, alleging infringement of US Patent No. 7,060,987, entitled “Electron Ionization Source for Orthogonal Acceleration Time-of-flight Mass Spectrometry.” BYU granted Torion an exclusive license to the […]
Milford, MA 12/5/08—Waters has purchased the net assets of Analytical Products Group (APG), a proficiency testing and quality-assurance services company, for an undisclosed amount. Waters will merge APG with its Environmental Resource Associates operations. APG has annual revenues of approximately $4 million. The acquisition is expected to be neutral to Waters’s 2009 earnings.
Cambridge, MA 12/2/08; Washington, DC 12/2/08; Washington, DC 12/3/08—Helicos BioSciences, which this year commercialized the HeliScope DNA sequencer, has announced the appointment of Ronald Lowy as part-time CEO. He replaces Steve Lombardi, who will continue as president and as a Board member. Mr. Lowy was president and CEO of Fisher Scientific from November 2004 to […]
As analytical instrument makers and laboratory product companies face downturns in key market segments, such as chemicals, energy and metals, due to the global economic crisis, national stimulus plans may provide some relief. The variety of plans announced over the last three months provide state funding designed to increase spending through business loans, tax reform […]
Following years of governmental disinterest, Argentinian researchers are greeting last year’s election of President Cristina Fernández de Kirchner as a turning point. In addition to establishing the Ministry of Science, Technology and Productive Innovation, she plans to increase science and technology investments from 0.66% of GDP to 1% of GDP by 2010. To reverse the […]
Brazil’s Ministry of Science and Technology will fund seven nanotechnology institutes as part of the PACTI project. For nanotech, PACTI calls for the development of a long-term strategic plan and innovative support mechanisms, as well as increased research infrastructure and personnel. Under PACTI, nanotech will receive €23 million ($29.5 million) over four years. Milestones in […]
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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.
