A survey, with a 71% response rate, of 78 small molecule drug discovery centers located at US universities or nonprofit research organizations found that cancer and infectious disease were the most prevalent therapeutic areas, with 86% and 71% of respondents, respectively, including these areas among their projects. The top three target-class focuses were phenotypic assays […]
Biotech companies in the US, Europe and Canada raised $25.0 billion in funding last year, a 7.8% increase. However, 83% of this funding went to only 20% of the companies, and financings accounted for 45% of funding, indicating that large, mature companies benefited the most. Less venture capital funding was available up front and was […]
Demand for water analysis instrumentation will be helped by China’s 12th Five-Year Plan for 2011–2015. The Plan calls for an 8% decrease in chemical oxygen demand (COD) emissions. COD measures the presence of organic compounds, including organic pollutants, in water and is used in lab and process configurations. In the lab, COD methods employ a […]
First-quarter 2011 Life Science Index sales grew 6.9%, 5.7% on a currency-neutral basis, to $3,074.88 million. Revenue growth for several companies was lessened by the natural disaster in Japan and strong year-over-year comparisons as a result of stimulus spending in the US and Japan. Operating profit improved 9.6% to $667.16 million, and operating margin gained […]
Radnor, PA 6/1/11—VWR International has purchased BioExpress, a lab product distributor serving the education, biotechnology and government markets and the manufacturer of the GeneMate brand. Financial details were not disclosed. “Acquiring BioExpress supports VWR’s overall growth strategy by expanding customer relationships and strengthening VWR’s position in key education and government market segments,” stated Matt Malenfant, […]
Abingdon, UK 6/14/11; Taunusstein, Germany 6/14/11—Oxford Instruments has acquired Omicron NanoTechnology and Omniprobe. Based in Frankfurt, Germany, Omicron designs and produces advanced microscopes and chemical analysis instruments for nanotechnology research. Oxford Instruments acquired the company for €32.4 million ($46.5 million = €0.70 = $1) in cash on a cash-free debt-free basis. In 2010, Omicron generated […]
Santa Clara, CA 6/1/11—Microarray firm Affymetrix has named Frank Witney, PhD, president and CEO effective July 1. He succeeds Kevin M. King who resigned to pursue other interests. Dr. Witney was most recently president of Dionex (see IBO 4/15/09) and served in a senior leadership position at Panomics (see IBO 11/15/08). Panomics was acquired by […]
Water quality testing is essential for human health, environmental protection and industrial processing. Water testing is conducted in laboratory, manufacturing and field settings. Testing parameters are determined by the test purpose, which in many cases is based on regulatory requirements. New environmental regulations in developing nations and more sensitive testing techniques are driving market growth […]
Venlo, The Netherlands 6/15/11—QIAGEN announced that it has made an offer and entered into exclusive negotiations to acquire 47% of Ipsogen for €12.90 ($18.60 = €0.69 = $1) per share. Subsequently, QIAGEN would make a public offer to acquire the remainder of the company for the same price, which is a 71.3% premium over Ipsogen’s […]
This year’s 59th American Society for Mass Spectrometry (ASMS) meeting was held in Denver, Colorado, on June 4–9. There were 169 exhibitors, which was more than the previous two years, but still down from the 2007 peak of 183 exhibitors. Attendance this year increased 6.3% to 6,477 over last year’s show, which was held in […]
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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.
