West Chester, PA 8/4/08—VWR International has acquired Spektrum-3D Kft, a laboratory supply distributor based in Debrecen, Hungary. Financial terms were not disclosed. The company’s products include chemicals, consumables, furniture, equipment and instruments. “This acquisition demonstrates our ongoing commitment to the Central and Eastern European markets and our intention to expand our product and service offerings […]
BASF and Dow hold the top two spots in this year’s Chemical & Engineering News survey of the top 50 chemical producers, with 2007 chemicals sales of $65.04 billion and $53.51 billion, an increase of 20% and 9%, respectively. The aggregate profit margin for the top 50 firms was 10.4%, up from last year’s 9.5%. […]
London, England 8/13/08—The independent directors of Andor Technology, an London AIM listed manufacturer of spectrometers, microscopes and scientific cameras, have recommended the company accept an offer from Thorndale for 73 pence ($0.0139) in cash per share, or £21.8 million ($41.5 million). The offer represents a 30.4% premium over the stock’s closing price on July 23, […]
Brookfield, WI 8/8/08—Thermo Fisher Scientific has acquired AquaSensors, which designs and manufacturers measurement systems for water quality and process control applications. AquaSensors’ products include “smart” and analog process electrodes for pH/ORP (oxidation reduction potential), conductivity, dissolved oxygen, ozone, free chlorine, turbidity and suspended solids. The company will join Thermo Fisher’s Water Analysis Instruments business, part […]
In the second quarter of 2008, revenues for IBO’s Laboratory Sales Index grew 13.7% to $4,624 million, compared to growth of 13.3% in second quarter of 2007. Operating profit climbed 20.4% to $747 million, and operating margin climbed 90 basis points to 16.2% of sales. While several companies, such as Affymetrix, Harvard Bioscience and Tecan, […]
According to a report from the Centers for Disease Control’s Division of Laboratory Standards, over 200,000 Clinical Laboratory Improvement Amendments (CLIA)-certified labs conduct around 6.8 billion tests annually and account for 2.3% of healthcare funding. Total lab testing revenue was $52 billion for 2007, 54% of which was from hospital-based labs. Of the CLIA labs, […]
Santa Clara, CA 8/14/08—Symyx Technologies has acquired Integrity Biosolution for an undisclosed amount. Integrity Biosolution offers contract formulation research and analytical services, including formulation and stability solutions for large molecule biopharmaceuticals and fill/finish services for Phase I and II clinical trial volumes. Symyx stated that the acquisition adds biological formulation services to its Research Services […]
The outsourcing of drug development and manufacturing to India and China by US companies is escalating because of the high rate of patent expirations. The weak US dollar is also causing foreign investors to pull their money out of India and, in turn, weaken the rupee. India’s larger pharmaceutical companies are reaping the inadvertent benefits […]
Over the past 14 years, the annual IBO Design Awards have showcased the best in analytical instrument industrial design. Industrial design encompasses the appearance and form of an instrument. The industrial design is a fundamental part of a product, helping determine how the end-user will evaluate, use, maintain and value a product, and, indirectly, how […]
Plainview, NY 8/11/08; Santa Barbara, CA 8/11/08—Veeco Instruments and Asylum Research have settled their patent litigation (see IBO 7/15/08). In 2003, Veeco filed suit against Asylum claiming infringement of a patent related to atomic force microscopy. The companies agreed to drop all claims against each other and entered into a five-year worldwide cross-licensing agreement and […]
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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.
