Biotechnology: Although financing for biotech companies is improving, it still remains tough. In the first half of 2009, funds raised by biotechnology and specialty pharmaceutical firms increased 41% to $8.3 million, excluding revenue from partnerships. Compared to the first half of 2007, financing was down 55%. Money raised through public offerings and alternative financing rose […]
Primary energy consumption rose 1.4% in 2008 for the slowest growth since 2001, according to the BP Statistical Review of World Energy. Non-OECD nations were responsible for most of the demand, as Asia-Pacific represented 87% of this growth, with China’s energy consumption up 7.2%. Globally, oil production increased 0.4% to 380,000 barrels per day (b/d), […]
The total number of pharmaceutical licensing agreements completed between June 2008 and July 2009 declined 17% year over year to 661, according to EvaluatePharma. Oncology remained the top therapeutic area for licensing agreements, with 132 deals, down 18% from the previous year. Compared to previous periods, more oncology deals focused on earlier stages. The number […]
Company Announcements Roche Applied Science opened an Application Support Center in Shanghai, China, in May. Thermo Fisher Scientific named two new directors in May: Thomas J. Lynch, CEO of Tyco Electronics, and Tyler Jacks, PhD, David H. Koch professor of Biology at MIT. MDS Analytical Technologies appointed Bio-Strategy as its new distributor for Australia and […]
In August, US equity markets experienced broad gains driven by positive economic data and government spending. The Dow Jones Industrial Average, S&P 500 and NASDAQ ended the month up 3.5%, 3.4% and 1.5%, respectively. Economists projected a 2% GDP growth for the US for the third quarter. The Commerce Department revised the US second-quarter GDP […]
Wilmington, DE 8/13/09—Life Technologies has filed a patent infringement action against Bio-Rad Laboratories in the US District Court for the District of Delaware. The law suit alleges infringement of four patents: US Patent Nos. 6,703,484; 7,223,566; 7,259,242 (each entitled “Methods for Production of Proteins”); and 7,265,206 (entitled “Methods of Production of Proteins”). The complaint alleges […]
Billerica, MA and Austin, TX 8/11/09—Millipore will distribute Luminex’s FLEXMAP 3D system for research applications. “Millipore has an extensive global reach that covers academic, reference and pharmaceutical research laboratories, and we are excited to have the company as a distribution partner for the groundbreaking FLEXMAP 3D instrument,” stated Darin Leigh, vice president of Sales and […]
Pleasanton, CA 8/24/09—Hitachi High-Technologies America announced that on August 6 the US District Court for the District of Utah, Central Division, dismissed a patent infringement lawsuit brought against the company by Brigham Young University and Torion Technologies (see IBO 12/15/08). The suit alleged infringement of US Patent No. 7,060,987 (“Electron Ionization Source for Orthogonal Acceleration […]
Woburn, MA 7/01/09—Agiltron, a developer and manufacturer of photonic and optical components, has acquired the assets of Raman Systems for an undisclosed amount. Raman Systems was founded in 1997 and provides portable, compact, affordable benchtop Raman systems. Agiltron stated that its expertise in manufacturing photonic components and systems will allow it to produce systems with […]
Shelton, CT 8/27/09—PerkinElmer has signed an expanded distribution agreement with VWR International. The agreement covers PerkinElmer consumables and accessories, as well as FT-IR and UV/Vis spectroscopy solutions, such as the LAMBDA XLS and Bio spectrophotometers. “While customers have always been able to find us through our sales and service professionals and through the web, offering […]
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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.
