Company Announcements Tecan and Miltenyi Biotech are developing a range of automated solutions for cell biology based on their respective Freedom EVO liquid handling platform and MACS magnetic bead technology. Accuri Cytometers in August named BioTech as its exclusive distributor for the Czech Republic, Slovak Republic and Hungary. In October, Accuri Cytometers named GrupoBios as […]
Bruker BioSpin’s Icon scanner, introduced in September, provides a smaller, lower-cost system for MRI scanning for research. The Icon expands Bruker’s high-field preclinical and molecular MRI product line, which previously ranged from 4.7 to 17 T field strength, to lower-field (1 T) permanent-magnet benchtop MRI systems, said Director of Marketing Communications Thorsten Thiel. It is […]
In November, the Dow Jones Industrial Average reached a new two-year high of 11,406.84 following the US Federal Reserve’s $600 billion stimulus plan. Economic data continued to improve and included strong corporate earnings, rising consumer confidence and subdued inflation. On November 23, third-quarter US GDP growth was revised upward to 2.5%, compared with the previous […]
Washington, DC 11/15/10; Washington, DC 11/19/10—DNA sequencer firm Helicos BioSciences has been delisted from the NASDAQ stock exchange after withdrawing its appeal (see IBO 10/15/10). The stock now trades on the OTC Markets. Last month, the company received a delisting determination letter from NASDAQ due to its failure to comply with the minimum bid price […]
Stockholm, Sweden and Västra Frölunda, Sweden 11/29/10—Ratos AB, a Swedish private equity firm, has offered SEK 277 million ($39 million = SEK 7 = $1) to buy analytical instrument maker Biolin Scientific AB. The offer of SEK 11.50 ($1.64) per share represents a premium of 32.2% compared with the average Biolin share price traded on […]
Philadelphia, PA and London, UK 11/29/10—Publishing firm Thomson Reuters has acquired GeneGo for an undisclosed amount. GeneGo provides biology and disease information, analytics and decision support solutions for pharmaceutical R&D. GeneGo has joined Thomson Reuters Healthcare & Science business. “There is an increasing need for biology content, detailed disease insights and analytics to support R&D […]
Branford, CT 11/01/10—Roche’s 454 Life Sciences has exclusively partnered with DNA Electronics to develop a low-cost, high-throughput DNA sequencing system, which will allow a transition from optical detection to inexpensive, highly scalable electrochemical detection, according to Roche. “We’re pleased to work together with DNA Electronics, the inventors of ISFET [ion sensitive field effect transistor] DNA […]
Waltham, MA 11/30/10—Thermo Fisher Scientific has definitively agreed to acquire Lomb Scientific, a provider of laboratory chemicals, consumables and instruments in Australia and New Zealand. Financial details were not disclosed. Lomb had 2009 revenues of AUD $34 million ($27 million = AUD 1.28 = $1) and has approximately 100 employees. “The addition of Lomb Scientific […]
Momentum continued in the third quarter for sales growth at nine major analytical instrument and laboratory product companies. Driving sales were the rebound in industrial markets and continued growth in academic and applied markets, as well as weak year-over-year comparisons. However, for some companies, the European market remained lackluster. For the nine businesses whose quarterly […]
Sales of biosimilars, or follow-on biologics, could reach $10 billion by 2015, according to The Economist. US healthcare reform legislation signed into law earlier this year created an abbreviated FDA approval pathway for biosimilars. This month, the FDA held a two-day hearing about how to implement this pathway. Also this month, the European Medicine Agency […]
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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.
