Chicago, IL and Santa Clara, CA 2/3/10—Agilent Technologies has sold Hycor Biomedical, which it acquired through its purchase of Stratagene (see IBO 4/15/07), to private equity firm Linden. Terms of the agreement were not disclosed. Hycor develops, manufacturers and markets in vitro diagnostic products for the allergy, autoimmune and urinanalysis markets. “Hycor is an innovative, […]
Twelve of the 21 companies in the IBO Laboratory Instrument Sales Index reported fourth-quarter earnings before this issue’s publication. For these companies, revenues grew 7.5%, operating profits climbed 11.0% and operating margins improved 80 basis points to 21.0% of sales. Total fourth-quarter revenue and operating profits for the Index are estimated to have grown 5%–6% […]
An effort to increase the sensitivity and specificity of the analyses of toxic metal impurities in drug articles (including natural source and rDNA biologics), dietary supplements and excipients is advancing, and could benefit makers of Inductively Coupled Plasma–Optical Emission Spectroscopy (ICP-OES), ICP-MS and microwave digestion systems. The January/February issue of the US Pharmacopeia’s (USP) Pharmacopeial […]
New York, NY and Tokyo, Japan 2/9/10—Sony Corporation of America has acquired iCyt Mission Technology, a provider of cell sorters, for an undisclosed amount. “We are confident that this acquisition will accelerate the development of Sony’s flow cytometry business by combining Sony’s expertise in the manufacturing of electronics products for consumers and professionals with the […]
Waltham, MA 2/1/10; Waltham, MA 2/2/10—Thermo Fisher Scientific has completed its second and third acquisitions this year (see IBO 1/31/10). On February 1, Thermo announced a definitive agreement to purchase Finnzymes, a provider of PCR solutions, including reagents, instruments, consumables and kits, including the Phire and Phusion DNA polymerases. Based in Espoo, Finland, Finnzymes has […]
Sunnyvale, CA 2/11/10; Washington, DC 2/11/10—Symyx Technologies will transfer the assets of its High Productivity Research (HPR) unit to a new company, HPR Global. The company will receive $8.6 million of positive net working capital from Symyx in return for a $10.0 million note and 19.5% equity stake. Symyx retains rights to royalties and license […]
The EPA has released changes to the National Renewable Fuel Standard program, which specifies annual volumes of renewable fuels, including cellulosic biofuel, biomass-based diesel and advanced biofuel, blended into transportation fuel. It is the first time that the EPA has set standards for renewable fuels by category. By 2022, the volume standard will rise to […]
According to a Chemical & Engineering News (C&EN) survey, 15 US chemical companies plan to increase capital spending 9.4% on average this year to $8,263 million. In 2009, the companies cut capital spending by an average of 27.5%. Ten firms plan to increase capital spending. C&EN forecasts the firms’ capital expenditures to be 5.1% of […]
There are 267 bioscience organizations in New Zealand, 117 of which work in the area of innovative foods and human nutrition, and 114 of which work in the area of human biomedical science and drug discovery. Of the 267 bioscience organizations, 46% are “active” organizations, meaning that they operate in other fields, but use bioscience […]
The economic downturn has hurt European companies in the microtechnology, nanotechnology and advanced materials industries, according to a survey by IVAM Research completed in December 2009. The sector accounted for nearly €44 billion ($62 billion) in revenues in 2009 and had 310,000 employees. Twenty-seven percent of the companies surveyed reported a decline of more than […]
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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.
