Bruker reported its full-year financial results following the publication of IBO’s quarterly sales issue (see IBO 2/29/08). The company also reported pro forma annual results that include Bruker BioSpin (see IBO 12/15/07), showing what to expect now that the companies have merged. Bruker’s fourth-quarter revenues grew 35.5%, 26% on a currency-neutral basis, to $183.7 million […]
Fourth-quarter sales for the Lab Equipment/Consumables Index gained 9.8% to $865 million, while operating profits improved 15.7% to $243 million. Operating margin for the same period improved 150 basis points to 28.1% of sales. For the year, Index sales rose 11.0% to $3,284 million, operating profits increased 20.3% to $700 million and operating margin jumped […]
The analytical and life science instrument industry has a new number one company. As a result of the acquisition of Fisher Scientific in November 2006 (see IBO 11/15/06), Thermo Fisher Scientific overtook Applied Biosystems in 2007 to become the world’s largest provider of analytical and life science instruments and aftermarket products, based on IBO’s calculations. […]
The EU is continuing its focus on maintaining its position as a top ranking R&D region. According to Eurostat, the UK, Germany and France were responsible for approximately 60% of total R&D expenditure in the EU in 2006. For that year, 1.84% of the EU’s GDP, €212 billion ($265 billion), was spent on R&D. The […]
Uganda’s parliament is set to review the country’s first National Biotechnology and Biosafety Policy, which was passed by the nation’s cabinet on April 2. Along with granting commercialization rights to GM crops, if passed, the law could regulate medical diagnostics, industrial microbiology and biochemical engineering. However, the approval for research of GM crops has been […]
Company Announcements Mut AG acquired 51% of tec5 AG in December 2007 for approximately €2.7 million ($3.7 million). Tec5’s estimated 2007 revenues are €5.5 million ($7.5 million). Aspectrics appointed Qwest Scientific Group its exclusive distributor for the Pacific Southwest and Pacific Northwest US. Aspectrics named Scientific Support Services as its exclusive UK and Irish distributor. […]
The new National Authority for Scientific Research (NASR) will receive AED 100 million ($27 million) per year from the UAE government. Part of the Ministry and Higher Education and Scientific Research, the NASR was started in order for the UAE to be recognized by the international scientific community and to promote scientific research through cooperation […]
The credit crisis could affect the ability of biotech companies worldwide to raise new funding. Although venture capital funding for biotech did not slow last year, some observers believe the criteria for such investments will become stricter and competition between late- and early-stage companies for such funding could increase. Last year, funding for biotech and […]
Set to launch at the end of this year, a Chinese research program on genetically modified (GM) crops could receive $1.4 billion dollars from the government over the next five years. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), 114.3 million hectares of GM crops were planted worldwide in 2007, an […]
West Chester, PA 4/1/08—Laboratory product distributor VWR International has acquired Jencons (Scientific), a distributor with annual revenues of approximately $46 million. Based in the UK, Jencons has 110 employees and operations in Ireland, Kenya and North America. Terms were not disclosed. “Their emphasis on instrumentation and equipment will enhance our product and services offerings to […]
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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.
