Second-quarter 2010 IBO Life Science Index sales improved 8.3% to $2,835.24 million, including a loss of 0.2% from currency. Operating profit jumped 20.0% to $647.97 million, and operating margin climbed 230 basis points to 22.9% of sales. Second-quarter sales for Beckman Coulter’s Life Science segment declined 2.1%, 3.2% excluding currency, to $106.5 million (see page […]
Rockville, MD and Seoul, South Korea 9/13/11—Seegene has raised $16.6 million through an offering of 636,500 shares on the KOSDAQ, the Korean Stock Exchange. Seegene provides PCR technology for molecular diagnostics and research applications. “Our products are defining a new category of molecular diagnostics that are capable of simultaneously detecting multiple pathogens or genetic mutations […]
Copenhagen, Denmark 8/23/10—FOSS A/S has increased its holdings in Ibsen Photonics from 12.5% to 85%. Ibsen Photonics provides holographic, fused silica transmission gratings and spectrometer modules for a wide range of telecom, analytical, sensing and laser markets. “We have worked with Ibsen for some years now and have found their spectrometer solutions to be second […]
Orange County, CA 9/7/10—Beckman Coulter Chairman, President and CEO Scott Garrett has resigned, effective September 6. He will continue as a full-time nonexecutive employee through January 15, 2011. The Board has named J. Robert Hurley interim president and CEO. He has served as senior vice president, Human Resources, and chairman of Beckman Coulter Japan. He […]
West Chester, PA 9/2/10—VWR International has announced the acquisition of LABART SP. ZOO, a distributor of scientific laboratory supplies that is headquartered in Gdansk, Poland. Founded in 1996, LABART provides lab equipment and consumables to the industrial, pharmaceutical, tertiary scientific education and public sectors.
Billerica, MA 9/3/10; Washington, DC 9/3/10—Bruker Energy & Supercon Technologies (BEST), a subsidiary of Bruker, has filed an S-1 registration statement with the SEC for an IPO. Following the stock offering, Bruker will retain a controlling stake. BEST develops, manufactures and markets superconducting materials, ceramic high-temperature superconductors, non-superconducting Cuponal materials and wires, and devices, such […]
Glenview, IL 9/2/10; London, UK 9/3/10—Private equity firm 3i has agreed to sell Panreac, a Spanish manufacturer and supplier of chemicals for lab research and production, to industrial conglomerate Illinois Tool Works (ITW). Panreac’s portfolio is comprised of 12,000 products, including reagents, high-purity solvents for HPLC, and fine chemicals. Based in Barcelona, the company has […]
Chicago, IL 9/10/10—Celsis In Vitro (Celsis IVT) announced that the US District Court for the Northern District of Illinois has entered a preliminary injunction against CellzDirect, part of Life Technologies’ Invitrogen business, due to their infringement of US Patent No. 7,604,929 (see IBO 6/30/10). The Patent relates to methods for producing multi-cryopreserved hepatocytes and methods […]
White Plains, NY and College Station, TX 9/14/10—ITT, a high technology engineering and manufacturing company, has entered into a definite agreement to acquire OI Corporation for $29 million. ITT will purchase all outstanding shares of OI for $12 per share, a 42.9% premium to OI’s closing price on September 13. OI provides total organic carbon […]
Sales of analytical instruments for security and safety are continuing to grow steadily. One important facet of this market is bio-based detection, which consists of two primary segments: nucleic acid amplification, commonly known as polymerase chain reaction (PCR), and other biochemical technologies. The information comes from the Strategic Directions International report “Chasing Disaster: Analytical Instrumentation […]
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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.
