IMS Health forecasts the global pharmaceutical market to grow 2.5%–3.5% in 2009, excluding currency effects, to more than $750 billion. This is down from the previous estimate of 4.5%–5.5% growth (see IBO 10/31/08). Compound annual growth for 2009 through 2013 is estimated to be 3%–6%. IMS observed that consumers are less likely to start new […]
The University of Karlsruhe and the Karlsruhe Research Center are set to merge following final government approval this summer. The new entity will be named the Karlsruhe Institute of Technology (KIT) and will be the largest research center in Germany. The KIT will include Europe’s largest center for energy research, with expertise in nanoscale and […]
In its fiscal budget released this month, the UK announced the creation of a $1.1 billion Strategic Investment Fund. The Fund is designed to support exports, R&D and investment in the UK. The Technology Strategy Board will receive $72 million from the Fund to invest in potential high-growth fields, such as life sciences and low […]
As federal agencies begin to receive American Recovery and Reinvestment Act (ARRA) funds (see IBO 2/28/09)—the so-called US stimulus funding—they are releasing more information about how they plan to spend the money. Of all of the agencies, the NIH was the largest beneficiary (see IBO 2/28/09) of ARRA funds for research. This article will outline […]
The IBO Laboratory Sales Index has been updated from the February 15 issue now that 19 of the 21 companies in the Index have reported calendar-year 2008 results. Estimates are provided for Oxford Instruments and Shimadzu. For the fourth quarter, Laboratory Sales Index revenues improved 1.1% to $4,715 million. Operating profits grew 2.4%, and operating […]
Product Introductions Bruker BioSpin introduced the QCI CryoProbe, a proton-optimized quadruple resonance NMR inverse probe for structural biology applications involving proteins, RNA and DNA. Bruker BioSpin released the 500 MHz BBFOplus SmartProbe for routine small-molecule NMR. Bruker BioSpin launched the 900 MHz WB US2, calling it the world’s highest field, actively shielded wide bore 89 […]
Waltham, MA 4/27/09; Sydney, Australia 4/27/09—Thermo Fisher Scientific has agreed to acquire Biolab, a laboratory products distributor for the scientific, environment and healthcare markets in Australia and New Zealand. Thermo will acquire the business from Australian conglomerate Alesco for AUD $175 million ($120 million). Biolab has annual revenues of AUD $170 ($120 million). “As the […]
Company Announcements Radleys appointed Heidolph Brinkmann as the exclusive North American distributor for its chemistry apparatus. Radleys has more than 7,000 systems installed worldwide. In February, MultiSynTech GmbH granted Biotage AB distribution rights to its peptide synthesis systems. The companies will also jointly develop a new microwave-aided peptide synthesis system. Italian contract research organization EspiKem, […]
The EPA plans to regulate greenhouse gases. Agency studies found that carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons and sulfur hexafluoride are public health hazards. Source: New York Times
FoodProcessing.com estimates that capital spending by the top 20, publicly held, US food and beverage companies will decline 2.9% this year. Eleven of the 20 firms plan to increase capital spending in 2009. In some cases, the companies are planning to do so because of acquisitions, including Ralcorp and J.M. Smucker. Of the 11 companies […]
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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.
