The US Congress will likely approve a new deal for the inspection of overseas drug manufacturing plants, many of which are not routinely FDA inspected. The generic drug industry’s reluctance to pay inspection fees has changed, partly due to the Heparin scandal and the hesitancy of Congress to designate money for inspections. Mylan President Heather […]
Second-quarter 2011 IBO Life Science Index sales grew 8.6%, 5.6% excluding currency, to $3,191.57 million. Operating profit improved 9.8% to $703.35 million, but operating margin declined 200 basis points to 20.8% of sales. Fiscal third-quarter revenue for Becton Dickinson BD Biosciences division improved 9.3%, 4.3% excluding currency, to $337.9 million to make up 17% of […]
London, UK 9/13/11—Abcam, a provider of protein research tools, has agreed to acquire Ascent Scientific for £10 million ($16 million = £0.63 = $1) in cash and £4 million ($6 million) in shares priced at 345.58 pence ($5.48) per share. Ascent is a provider of biochemicals for life science research. For the year ending July […]
Randor, PA 9/2/11—VWR International has acquired INTERNATIONAL P.B.I., an Italian distributor of laboratory supplies and services, with expertise in microbiology. Financial details were not disclosed. The company represents several brands as well as its own and serves many customer segments, including pharmaceutical, chemical, food and beverage, biotechnology, clinical and education. “INTERNATIONAL P.B.I.’s business and strong […]
Rochester, NY 9/1/11—Thermo Fisher Scientific has acquired Intrinsic Bioprobes, a manufacturer of immunoenrichment tools for sample preparation for use in quantitative MS. The company’s Mass Spectrometric Immunoassay (MSIA) technology is designed for the enrichment of low-abundance proteins in biological samples. “The Intrinsic Bioprobes portfolio will enhance Thermo Fisher’s position in the rapidly emerging field of […]
Billerica, MA 9/12/11—Bruker has signed a purchase agreement to acquire Center for Tribology (CETR) for an undisclosed amount. CETR offers nano-mechanical and tribological test instrumentation, serving both basic materials research and industrial manufacturing. Based in Campbell, California, the company is projected to have 2011 revenues of more than $10 million of EBITDA of greater than […]
Waltham, MA 9/8/11—PerkinElmer has agreed to acquire Caliper Life Sciences for $10.50 per share, a 42% premium over the closing price on September 7, for a total net purchase price of $600 million in cash. Caliper Life Sciences is a provider of microfluidic, molecular imaging and sample preparation technologies. “The acquisition of Caliper Life Sciences […]
Foodborne pathogen testing is one of the fastest-growing segments of the real-time PCR (qPCR) market. Participants in the market include both qPCR instrument and reagent providers, including Bio-Rad Laboratories, Life Technologies and Roche, as well as companies that specialize in products for food testing, such as BIOTECON, Congen and DuPont Qualicon. Earlier this year, both […]
In what continues to be a busy acquisition period, another set of publicly held analytical instrument companies is set to become one. On September 8, PerkinElmer announced an agreement to acquire Caliper Life Sciences for an estimated $600 million in cash (see page 2). The companies’ complementary product lines and end-markets are a logical combination, […]
Microscopy is one of the oldest lab techniques, originating in 17th century Europe. The earliest microscopes used only a single lens to focus light, but the technique evolved into more elaborate systems of lenses. Although improvements in design and optics allowed microscopes to achieve greater magnifications, there is a physical limit to the magnification that […]
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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.
