Company Announcements YSI named Dr. Edward King vice president of R&D and chief technology officer in June. In July, PerkinElmer named Alan Fletcher, PhD, vice president of business development for the Life and Analytical Sciences business with the responsibility for growing the Bio-discovery business. He joined the company from GE Healthcare. GE appointed John Dineen, […]
According to La Merie Business Intelligence, the top five Japanese pharmaceutical companies in terms of 2007 total sales were: Takeda Pharmaceutical ($12.5 billion), Astellas Pharma ($9.0 billion), Daiichi Sankyo ($8.2 billion), Eisai ($6.8 billion) and Otsuka Pharmaceutical ($3.8 billion). The only firms among the top 20 with sales declines last year were Daiichi Sankyo (-5.3%), […]
Wedel Germany 9/4/08; Eerbeek, The Netherlands 9/4/08—M.u.t. AG, a publicly held provider of lab automation, spectroscopy, aviation and fire detection systems, has acquired 51% of Avantes Holding BV, effective January 1, but just announced this month. Based in the Netherlands with 40 employees, Avantes provides fiber optic spectrometers and accessories for online analysis and is […]
Sydney, Australia 9/4/08 and 9/9/08—Fluorotechnics, a provider of fluorescence labels and stains for life science research, has acquired the Gel Company. Based in San Francisco, California, the Gel Company offers more than 250 products for proteomics, cell culture, DNA sequencing, liquid handling, microarrays and PCR, including instrument accessories. “With Gel Co’s San Francisco distribution office, […]
Total US R&D expenditures increased an estimated 5.8% in 2007, or 3.1% when adjusted to 2000 dollars to exclude inflation, to $368,098 million, according to the latest data from the National Science Foundation (NSF). Industry was the primary source of the increase, continuing a trend evident since the 1980s that also reflects slower increases in […]
London, England 9/1/08—Andor Technology has received a counter offer to acquire the company from investment group Carraig Capital, which is offering 76 pence per share ($0.0138), or an estimated £22.7 million ($41.3 million), compared to an offer of 73 pence per share ($0.0133) from Thorndale (see IBO 8/15/08). In response, Andor withdrew its recommendation for […]
Company Announcements Syngene appointed Varelas SA as its Greek distributor in July. Applied Biosystems added InteRNA Genomics BV and Biotique Systems to its Software Development Community for the SOLiD System. In July, in vivo imaging firm VisEn Medical received $3.5 million in venture debt financing from GE Healthcare Financial Services. Genomic Vision, which is developing […]
An investigation by the Associated Press (AP) has drawn attention to the dumping of unused pharmaceuticals by the US’s 5,700 hospitals and 45,000 nursing homes. Based on records from 14 hospitals in Minnesota, the AP estimated that a minimum of 250 million pounds of drug waste are disposed of annually through sewer systems. Other sources […]
In the second quarter of 2008, revenues for IBO’s Life Science Sales Index grew 11.0% to $2,358 million, while operating profit jumped 26.9% to $382 million and operating margin climbed 200 basis points to 16.2% of sales. Second-quarter sales for Beckman Coulter’s Life Science segment grew 9.3%, or 4.3% in constant currency, to $127.5 million […]
The Broad Institute of Harvard and MIT received a $400 million endowment from Eli and Edythe L. Broad to permanently establish the Institute as a nonprofit organization. Founded in 2004, the Institute was initially created as a venture experiment with $100 million in funding from the Broads, who donated an additional $100 million in 2005. […]
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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.
