China’s efforts to revamp its health-care system are attracting pharmaceutical companies to the country. In 2009, the government said it would invest CNY 850 billion ($131 billion) in the system and provide health insurance to 90% of citizens by the end of this year and to every citizen by 2020. The 2010 census found that […]
Brazil’s government announced last month that it will award 75,000 science and technology scholarships by the end of 2014 to students studying domestically and internationally. The BRL 3.16 billion ($2.02 billion) initiative will be funded by the Ministry of Science and Technology’s National Council for Scientific and Technological Development and the Ministry of Education’s Federal […]
President Obama and Congress have reached a compromise on the US debt in the hope of digging the US out of its $1.5 trillion annual deficit, though its impact on science is not yet clear. The Budget Control Act of 2011 was signed into law on August 2. It contains about $917 billion in spending […]
“Power and Promise: Agbioscience in the North Central United States,” a Battelle study released earlier this month, shows that the region is a leader in the $125 billion US agricultural industry in terms of production and R&D. The region, made up of 12 states, accounts for just 21% of the US geographically but produces 45% […]
The outlook for the global solar industry has dimmed from last year. The industry is projected to grow relatively little this year. The slump is due to lower government subsidies and excessive capacity expansion over the past six months. Spot market prices of solar cells and wafers have declined 40% since January and in many […]
In the second quarter of 2011, revenues for IBO’s Laboratory Sales Index grew 12.2% to $5,659.71 million, including 3.9% growth from currency. Operating profit rose 15.0% to $1,131.55 million, but operating margin was unchanged at 18.9% of sales. Dionex was removed from the Index following its purchase by Thermo Fisher Scientific on May 17 (see […]
Port Washington, NY 8/8/11; Lake Forest, IL 8/8/11—Pall has appointed Larry Kingsley as president and CEO effective October 3. Mr. Kingsley was previously chairman, president and CEO of IDEX. He replaces Eric Krasnoff, who announced his retirement earlier this year (see IBO 3/15/11). To replace Mr. Kingsley, IDEX has promoted Andrew Silvernail to CEO effective […]
Rye, NY 7/7/11; Farnborough, UK 7/7/11—Spectro, a provider of instrumentation for oil and fuel analysis, has been acquired from QinetiQ by SFW Capital Partners, CEO Suneet Chadha and senior management for a total cash consideration of £20.5 million ($32.9 million = £0.62 =$1). The sale is expected to generate proceeds of £17 million ($27.2 million). […]
Radnor, PA 8/4/11—VWR International announced it has acquired LabPartner (Shanghai), a Chinese provider of lab equipment, reagents, consumables and services for the pharmaceutical and biopharmaceutical industries, with a focus on chemical distribution. Financial details were not disclosed. “VWR’s acquisition of LabPartner strengthens our position in China by increasing our scale, geographic reach and supplier offerings […]
Washington, DC 8/2/11—In a filing with the SEC, Bruker has disclosed that it is investigating anonymous allegations of improper conduct at the Chinese operations of its Bruker Optics subsidiary. The Audit Committee of Bruker’s Board has begun an investigation, assisted with outside counsel and a forensic consulting firm. Bruker stated in the filing: “To date, […]
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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.
