Company Announcements Endress+Hauser’s 2008 revenues increased 8.8% to €1.211 billion ($1.781 billion). Operating profit increased 7.0% to €156.5 million ($230.1 million). In June, Endress+Hauser Flowtec AG announced a strategic partnership with company Integrated Sensing Systems (ISSYS) for the development of MEMS-based fluidic products. A $3.3 million, 15-company Enterprise Ireland research program to improve the manufacturing […]
Company Announcements Fiscal 2009 sales ended March 31 for Takara Biotech’s Genetic Engineering Research segment declined 7.5% to ¥16,733 million ($166.5 million) to make up 88.5% of company revenues. Segment operating income fell 8.4% to ¥3,819 million ($38.0 million). Sales of research reagents and large-scale scientific instruments both declined. The company will focus on developing […]
Company Announcements Ocean Optics will market and sell Analyze IQ’s Analyze IQ Lab, Analyze IQ Spectra Manager and Analyze IQ Raman Library platforms. In September, Ahura Scientific announced it had reached $100 million in product revenues since its first product shipment in 2005 and that it now serves more than 100 pharmaceutical facilities. Ahura Scientific […]
The Taiwan Food and Drug Administration (TFDA) will be inaugurated on January 1, 2010. Combining the operations of four existing agencies, it will have a staff of 500. The aim of the TFDA is to increase the export of pharmaceutical products and foreign investment by raising regulatory standards and increasing transparency. Source: Economist Intelligence Unit
The South Korean market for clinical lab products was estimated to be $250 million in 2008. Sales of In Vitro Diagnostic (IVD) products accounted for 95% of the market, and is expected to grow 3%–10% over the next three years. Imported products account for 80% of the IVD reagent market and 100% of IVD instrument […]
This month, the Russian government announced an investment of RUB 318 billion ($11 billion) in nanotechnology, building on RUB 94 billion in spending over the last two years. The goal is to create a self-sustaining industry by 2015 to offset the country’s dependence on oil revenue and foreign investment. Currently, Russian nano-enabled products account for […]
In September, China’s State Food and Drug Administration issued a draft of its revised Good Manufacturing Practices for drugs. The public will have until the end of November to make comments. The last GMP standards came into effect in 1999. The new GMP adds an appendix for blood products and expands the appendix addressing sterile […]
AVOS Life Sciences estimates that by 2013, biologics will account for 40% of the 14 major drug companies’ portfolios of branded drugs with more than $500 million in yearly sales, up from 26% last year. For the period, both GlaxoSmithKline (GSK) and Abbott will be among the top three firms in terms of sales and […]
R&D spending by the one thousand public companies that spend the most on R&D increased 5.7% last year to $532 billion, as operating profits declined 8.6% and sales grew 6.5%, according to the Booz & Company’s “Global Innovation 1000” report. R&D as a percentage of sales was flat at 3.6%. R&D spending by these companies […]
According to a report commissioned by the Coca-Cola Retailing Research Council Asia and prepared by McKinsey & Company, retailers in Asia should be more active in setting standards for food safety and freshness. To contain threats, retailers need a management framework for their entire supply chain. Retailers should also focus on so-called “hot spots,” where […]
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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.
