Canadian science and technology (S&T) spending for biotechnology increased 4.6% in 2008 to $921 million to account for 9% of federal S&T expenditures. Twenty-nine percent of federal S&T spending for biotech went to in-house activities and 71% went to extramural performers. The higher education sector received 80% of extramural funding. Among S&T activities, R&D received […]
Petrochemical projects in the Middle East are facing delays. In many cases, financing is in doubt. State-sponsored projects are an exception, although the time line of some projects has been extended. However, the delay benefits producers as construction costs continue to fall. Middle Eastern petrochemical firms also are expected to remain active in mergers and […]
Company Announcements KineMatik named Michael G. Jarjour president and CEO in January. Previously, he was vice president of Global Marketing for Organon. Genomatrix Software GmbH joined the Illumina-Connect program in January. Labtronics licensed the KnowledgeTree Document Management Software for bundling with its LimsLink application as a cobranded Nexxis SDMS product. Sciformatix entered into a partnership […]
Company Announcements AMS and Westco Scientific Instruments acquired Unity Scientific, an NIR solutions provider, in fall 2008. Doug Evans remains president of Unity Scientific. Guided Wave acquired Aspectris, a supplier of encoded photometric IR and NIR systems to OEM customers and for selected target applications, in fall 2008. A2 Technologies licensed Boeing’s patents for the […]
The US markets experienced another volatile month in March, but managed to ignite a sharp recovery after reaching new lows on March 9. The Dow Jones Industrial Average, S&P 500 and NASDAQ finished the month up 7.7%, 8.5% and 10.9%, respectively. Investor sentiment turned cautiously optimistic following a report that Citigroup recorded a significant operating […]
LabKey Software approaches instrument data storage, sharing and analysis by way of web-based remote access. The company was formed in 2005 through a partnership between software developers and the Fred Hutchinson Cancer Research Center (FHCRC), after the FHCRC decided to develop a way to store and share large volumes of instrument data based on an […]
Atomic Spectroscopy Bruker AXS unveiled the D2 Phaser, which puts desktop X-ray diffraction (XRD) analysis into a smaller, lower-power package. With a fast detector, the powder diffraction system will be priced at $95,000; a simpler detector brings the price down to $70,000. The system will be available in three months. Innov-X has begun exclusive distribution […]
Expectations for Pittcon were low this year. A worldwide recession and an ailing instrument market tempered any belief that the show’s attendance would rise dramatically. However, the fact that the conference took place in Chicago provided some hope that attendance figures would improve from last year, when the show was held in New Orleans, Louisiana […]
Every year, IBO selects the top three new products at Pittcon. A new product is defined as one introduced late last year or in 2009. The top new products are selected based on technological advancement, potential for commercial success and innovation. This year, two products gained notice due to their technical capabilities. Bruker BioSpin’s DNP-NMR […]
Fourth-quarter 2008 IBO Life Science Index sales rose 1.7% to $2,416 million, while operating profits improved 1.3% to $435 million, and operating margins declined 10 basis points to 18.0% of revenues. For the year, Life Science Index sales grew 9.2% to $9,422 million. Operating profit climbed 15.6% to $1,556 million, and operating margins improved 90 […]
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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.
