South Korea’s Ministry of Food, Agriculture, Forestry and Fisheries announced KRW 5.9 trillion ($5 billion) in funding for biology and food projects by 2014. R&D will receive KRW 3.3 billion, with KRW 663.1 billion devoted to seed development and the development of transgenic animals and plants. Technologies for environmental industries are slated to receive KRW […]
China’s R&D spending increased 24.4% to CNY 461.6 billion ($67.5 billion) in 2008, according to the National Bureau of Statistics. Experimental-development expenditures increased 25.5% to represent 82.8% of total annual R&D expenditures, while spending on applied research and basic research increased 16.7% and 26.5% to represent 12.5% and 4.8%, respectively. Enterprises’ R&D spending increased 26.1%, […]
A survey of more than 1,000 organizations in Singapore found that the country’s 2008 gross expenditures on R&D (GERD) grew 12.4% to SGD $7.128 billion ($5.061 billion), or 2.77% of GDP. Manpower, operating expenditures and capital expenditures accounted for 35%, 33% and 32% of R&D spending, respectively. By sector, private, government, higher education, and public […]
R&D expenditures by UK businesses grew 2% in 2008 to £15.9 billion ($25.9 billion), but in real terms (2008 prices) declined 1%, according to a survey of 4,440 businesses in the country. Excluding defense R&D, civil R&D expenditures rose 5% to £13.8 billion and fell 2% in real terms. The pharmaceutical industry represented the largest […]
The clinical biomarker that has had the most impact in terms of volume and clinical significance over the last decade is cTn I/cTn T (cardiac troponin I/cardiac troponin T), according to 49% of the 600 respondents surveyed by Clinical Laboratory News. HbA1c (glycated hemaglobin) was selected by 24% of respondents as the most significant. Biomarkers […]
Endowments at 842 US private and public colleges and universities lost 18.7% for the year ended June 30, 2009. The average annual return over a three-year period was a decline of 2.5%. The average spending rate for the endowments was 4.4%, with 43% of endowments reporting an increased spending rate, 28% reporting a lower spending […]
The US Consumer Products Safety Commission (CDC) has announced that it is investigating the presence of cadmium in children’s jewelry imported from China. The Associated Press tested 106 pieces of jewelry and found that 12% contained cadmium content of at least 10%. Cadmium, which ranks seventh on the CDC’s priority list of hazardous environmental substances, […]
According to a new report from KPMG, merger and acquisitions activity in the chemical industry will increase due to purchases by Middle Eastern and Asian companies. Due to the economic hardships of the past year, Western chemical firms are divesting assets, particularly bulk-chemical businesses. By purchasing assets, Middle Eastern companies will gain facilities, technology and […]
The new year has brought uncertainty, as investors fear the economic recovery may be a masquerade. New US economic data revealed a sharp decline in home sales and a smaller-than-expected improvement in durable-goods orders and jobless claims. In addition, the political divergence between the major banks and Obama Administration over regulations, coupled with the uncertainty […]
San Diego, CA 1/15/09—Sequenom has settled a consolidated securities class action lawsuit. Filed between April and June 2009 in the US District Court for the Southern District of California, the 12 suits charged certain Sequenom’s officers and directors with violations of the antifraud provision of US securities law by making false and misleading statements about […]
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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.
