A new report from the Organization of Pharmaceutical Producers of India (OPPI) and Ernst & Young finds that India remains among the most attractive outsourcing locations for the biopharmaceutical industry. Excluding clinical trials, in 2010, the country is expected to account for 5.7% of the $66 billion pharmaceutical contract research and manufacturing marketing. In a […]
South Korea has announced plans to increase spending on embryonic stem cell research from KRW 40.2 billion ($32.4 billion) this year to KRW 120 billion by 2015. During the next two years, the country will subsidize the stem cell research of 20 research labs with KRW 500 million to KRW 1 billion in funding. Selected […]
Novartis AG has become the first company to develop a genetic test for a drug’s potential side effects. The test is part of a plan by the company to resubmit Prexige pain drug for FDA approval. Due to the high rate of liver damage associated with Prexige’s use, in 2007 the FDA rejected the drug’s […]
PricewaterhouseCoopers reports that revenues for the 40 largest mining companies (with market capitalization of $2.3 billion or more) increased 23% in 2008 to $349 billion. However, operating expenses grew 27% to $208 billion and net profit declined 14% to $57 billion. Capital expenditures increased 38% to $66 billion. The sharp decline in metal prices in […]
Tests for the rapid diagnosis of swine flu have a high failure rate, according to a study in The Journal of Clinical Virology and a soon-to-be-released study from the Centers for Diseases Control and Prevention. The manufacturers of these tests include Quidel, Inverness Medical Innovations, 3M, Thermo Fisher Scientific, Meridian Bioscience, and Becton, Dickinson. The […]
In the second quarter of 2009, revenues for IBO’s Laboratory Sales Index fell 7.8% to $4,285.24 million. Operating profit slipped 1.0% to $746.27 million, but operating margin gained 120 basis points to 17.4% of sales. Revenue growth for a majority of the companies in the Index was negatively impacted by currency translation and reduced capital […]
Billerica, MA 8/10/09—Millipore has acquired BioAnaLab, a service provider that specializes in the analysis of biologic drugs and vaccines, for an undisclosed amount. Based in Oxford, UK, BioAnaLab’s service offerings include assay transfer/development, validation and sample analysis, pharmacokinetics/toxicokinetics, immunogenicity, biological potency and vaccine services. Millipore stated that the acquisition expands its biopharmaceutical services business into […]
Singapore and Hong Kong 7/31/09—Laboratory product manufacturer and distributor Techcomp has announced the acquisition of a 75% stake in France’s HCC Group for €1.95 million ($2.8 million = €0.696 = $1) in cash. The HCC Group operates as Froilabo SAS, Frilabor SRL and Craponne Tolerie SARL, which specialize in temperature control equipment for laboratories, such […]
Madison, WI 8/3/09—Promega, a supplier of life science reagents and equipment, has purchased Turner BioSystems for an undisclosed amount. Turner BioSystems provides luminometers, fluorometers, photometers and multimode instruments for life science research. “Over the years, innovating with Promega has created productive instrument/reagent systems that scientists highly value. Both companies are eager to optimize this total […]
St. Louis, MO 8/6/09—Sigma-Aldrich has acquired cheminformatics firm ChemiNavigator, a provider of discovery research informatics software tools used for the design, selection and procurement of chemical compound libraries. The purchase price was not disclosed. “ChemNavigator is well-recognized for its fast and efficient virtual discovery tools and for its extensive database of chemical compounds,” stated Dr. […]
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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.
