Russia’s Ministry of Economic Development has endorsed the Innovative Russia 2020 plan to increase the country’s research investment. The Russian government intends to spend RUB 1.1 trillion ($35.9 billion) annually on research over the next ten years. The plan should boost Russian science spending to 2.5% of GDP. The plan also aims to increase Russia’s […]
For the first half of 2011, corporate venture funds comprised 12% of overall venture capital investment, up from 5.3% in 2010, according to PricewaterhouseCoopers and the National Venture Capital Association. Corporate venture funds were responsible for 25% of early-stage biotech financing in the first half of this year, versus 15% for all of last year. […]
This month, the FDA launched a DNA-barcode library for 250 fish species, which can be accessed by outside labs and the public. The library is the result of a collaboration with the Smithsonian Institution to standardize testing methods using DNA sequencing in order to combat seafood fraud. Popular seafood such as red snapper, wild salmon […]
EvaluatePharma predicts some shuffling of the list of the world’s top drug firms through 2016. The top spot, which Pfizer has held for nine years, will be usurped by Sanofi next year. Sanofi’s projected five-year compound annual growth rate (CAGR) of 4% should allow it to maintain first place through 2016. Novartis is expected to […]
Subvisible particles are a concern in the biopharmaceutical industry due to their possible correlation with immunogenicity. The impact of subvisible particles on biologics is unknown but potentially adverse, and is complicated by the lack of technologies that can adequately measure them. Subvisible particles are usually defined as those that are too big for analysis with […]
Third-quarter revenues for IBO’s Laboratory Instrument Sales Index grew 8.5% to $5,761.23 million, including 2.6% growth from currency. Operating profit improved 11.3% to $1,167.67 million, but operating margin slipped 100 basis points to 18.9% of sales. For the three companies (Analytik Jena, Spectris and Tecan) that did not report earnings before this issue’s publication, estimates […]
Branford, CT and Tempe, AZ 10/11/11—Roche has agreed to license several technologies developed by Dr. Stuart Lindsay at the Biodesign Institute at Arizona State University and Dr. Colin Nuckolls of Columbia University Nanoscience Center. The technologies include specialized approaches for DNA base sensing and reading and will be used in Roche’s development of a single-molecule, […]
Gothenburg, Sweden 9/15/11; Paris, France 9/15/11; Paris, France 11/2/11; Paris, France 11/4/11—Publicly held genome-engineering firm Cellectis has acquired Sweden’s Cellartis for 1.93 million shares and €16.4 million ($ 22.5 million = €0.73 = $1) in cash. Cellartis is a provider of stem cell–derived products and technologies, including human embryonic stem cell–derived hepatocytes and cardiomyocytes used […]
Abingdon, UK 11/4/11—Oxford Instruments has announced the acquisition of Platinum Medical Imaging for $18 million and an additional $37 million in deferred payments based on the business’s performance over three years. US-based Platinum Medical Imaging provides parts and services for MRI and computed tomography medical imaging instruments. The company’s 2010 revenues were $14.1 million, and […]
Hillsboro, OR 11/14/11—Electron microscopy company FEI has acquired TILL Photonics, a supplier of high-resolution, digital light microscopes and high-speed imaging systems for live-cell fluorescence microscopy, for €14.5 million ($19.9 million = €0.73 = $1) plus an earn out payable in two years based on milestones. In 2011, TILL is expected to have revenues of $8 […]
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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.
