Washington, DC 10/4/10—DNA sequencer developer Pacific Biosciences has updated its IPO filing with the SEC, stating that it plans to offer 12,500,000 shares of common stock at a price of $15–$17 per share. The company expects proceeds of $182.5 million. Of this amount, $60–$70 million would be used for applications of SMRT technologies, $40–$60 million […]
London, UK 10/8/10; London, UK 10/13/10—Instem Life Science Systems, a developer of software for early drug-development safety assessment, has commenced trading of its stock on the London Stock Exchange’s AIM market. The company raised £9.15 million ($14.5 million = £0.63 = $1) through a placement of 5,228,376 new ordinary shares at a price of £0.175 […]
Kalispell, MT 10/5/10—Applied Instruments Technologies (AIT) has been acquired from Hamilton Sundstrand by the Thompson Group of Companies for an undisclosed amount. AIT is a manufacturer and marketer of process analytical instruments, including the Analect FTIR, MGA MS and FXi GC systems. “The opportunity to organize AIT as a standalone company will allow us to […]
Spending by US universities on science and engineering (S&E) R&D grew 5.8% to $54,935 million in fiscal 2009 (ended September 30, 2009), according to a survey of 711 institutions by the National Science Foundation (NSF). Such spending accelerated last year, compared with fiscal 2008, when it grew 4.9%. Adjusted for inflation, fiscal 2009 expenditures rose […]
Although the macroeconomic outlook remains positive, signs of slowing worldwide growth have increased uncertainty among businesses. This uncertainty is reflected in the latest IBO Business Climate Survey. Instrument and lab product sales are expected to be stable, but the fallout from the global recession continues to affect growth. Also, intellectual property concerns related to doing […]
The number of US biotech companies has decreased by 25% in the past three years. Fifty-five biotech companies were acquired in 2008, up from 40 in 2007. In 2009, 38 companies were acquired. So far this year, there have been 21 acquisitions of biotech companies. Despite the decrease, the approximately 294 public biotech companies are […]
For certain materials and powders, porosity is a characteristic of great importance. Porosity is a measure of the voids or pores in a solid substance, and is defined as the ratio of the sample’s void volume and total volume. There are a number of ways to measure the void volume, and mercury porosimetry is one […]
Company Announcements Advanced Chemistry Development expanded its direct sales and support in Europe to include France, Belgium, Luxembourg, the Netherlands, Spain and Portugal. Under a collaboration agreement, Ariadne will distribute Aureus Pharma’s offerings in the US. GenoLogics raised $1 million in equity financing in May, according to an SEC filing. QIucore named JH BIO an […]
Company Announcements Lonza licensed in June Axxam’s Photina, i-Photina and Clytin Photoproteins as calcium biosensors for its range of Clonetics Primary Cells. Promega partnered with SignalChem Pharmaceuticals in July to launch a complete solution for profiling kinase inhibitor compounds against the human kinome. The solution combines unique Kinase Enzyme Systems with Promega’s ADP-Glo Kinase Assay. […]
Company Announcements Datacolor established an Indian subsidiary in Mumbai earlier this year. Cannon Instrument assumed exclusive representation for KEM’s (Kyoto Electronics Manufacturing) products in the US and portions of North America for applications in the petroleum, polymer and petrochemical industries. MTI Instruments acquired in March the tensile stage line of products from Ernest F. Fullam. […]
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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.
