Eden Prairie, MN 9/30/08—SurModics, a surface modification and drug delivery technologies company, has acquired GE Healthcare’s CodeLink Activated Slide microarray business. Terms were not disclosed. The CodeLink Activated Slides use SurModics’ PhotoLink technology, which creates a three-dimensional matrix for the attachment of biomolecules. SurModics stated that it plans to sell the product line directly into […]
Chalfont St. Giles, England 9/30/08; Boston, MA 9/30/08—GE Healthcare has acquired MicroCal, a developer and manufacturer of microcalorimeters, for an undisclosed amount from majority owner Riverside Partners and other investors. MicroCal’s 2008 revenues are estimated to be $28 million, up from $21 million in 2007, and have grown at more than 25% annually. According to […]
On Monday, September 29, the US House of Representatives rejected the $700 billion bailout package, sending the Dow Jones Industrial Average, S&P 500 and NASDAQ down 7.0%, 8.8% and 9.1%, respectively. It was the largest single-day point decline for the Dow Jones in its history. The plan, which would provide immediate short-term credit relief, was […]
According to Hydrocarbon Processing’s HPI Construction Boxscore Survey, the total number of hydrocarbon projects worldwide grew 12% between June 2007 and June 2008 to 5,029. Rising the fastest were the number of synfuel projects, which grew 15%, while gas processing projects increased 15% and refining projects rose 11%. All other projects grew 26%. However, the […]
Carlsbad, CA 9/16/08; Carlsbad, CA and Foster City, CA 9/17/08; Carlsbad, CA 9/26/08—Invitrogen has completed the syndication of the $2.65 billion in financing for its acquisition of Applied Biosystems (ABI) (see IBO 6/15/08). Thirty bank lenders have committed to a Term Loan A in the amount of $1.4 billion, and 250 lenders have committed to […]
Point-of-care testing (POCT) is contributing to the growth of the diagnostics product market. In the first six months of this year, the FDA approved 152 POC tests. InteLab estimates that POCT represented 35% of the in vitro diagnostics market in 2005 and that, by 2011, it will account for 41%. In 2005, the market for […]
New regulations designed to simplify pesticide residue laws in the EU took effect on September 1. The rules harmonize the maximum residue levels (MRLs) for pesticides and cover approximately 1,100 pesticides used both in the EU and elsewhere. MRLs are listed for 315 agricultural products, including processed products. In addition, a new publicly available database […]
Company Announcements Illumina partnered with Genpathway to provide whole-genome ChIP sequencing services. Illumina named its first certified genetic analysis service provider (CSPro) in Japan, Mitsubishi Chemical Safety Institute, and its first German CSPro, LIFE & BRAIN. Illumina named Fredrick Clerie vice president, Quality Assurance and Regulatory Affairs. He was previously vice president of Global Quality […]
This month, the FDA issued draft guidance on regulating genetically engineered animals (GE) for a 60-day comment period. A GE animal contains a heritable recombinant DNA (rDNA) construct that gives it new traits or characteristics. GE animals include animals that produce pharmaceuticals, industrial or consumer products, as well as animals used as human disease models […]
The quality and safety of all types of food products is already a major issue around the world, and is becoming even more of an issue as populations grow and stretch already strained global food supplies even further. Such factors are driving the growth of analysis techniques, of which one of the more significant is […]
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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.
