Choppy third-quarter corporate earnings along with a generally cautious outlook led the Dow Jones Industrial Average, S&P 500 and NASDAQ down 2.5%, 2.0% and 4.5% in October, respectively. However, other economic data, including better-than-expected new home sales and jobless claims, indicated improved financial conditions. Third-quarter GDP growth, while still tepid at 2.0%, improved from the […]
Los Angeles, CA 10/24/12—OpenGate Capital has acquired Thermo Fisher Scientific’s Laboratory Workstations business for an undisclosed amount. With $175 million in annual revenues, the Laboratory Workstations business designs, manufactures and installs lab furniture, fume hoods and epoxy resin tops. “I am confident that great value will be created as this acquisition sits perfectly in our […]
Hercules, CA 10/31/12—Bio-Rad Laboratories has acquired a cell sorting system from Propel Labs. Bio-Rad will sell the compact, easy to use and affordable system designed for use by individual researchers as the S3 Cell Sorter. Shipments will begin in January 2013. “With this acquisition, we benefit from Propel Labs’ years of expertise in cell sorting,” […]
San Diego, CA 10/23/12—Accelrys has acquired Aegis Analytical for $30 million in cash. Aegis Analytical’s Discoverant software aggregates, contextualizes and analyzes manufacturing, quality and product development data, allowing quality and manufacturing organizations to gain predictive control over their processes. “This acquisition expands our footprint in downstream operations with valuable new solutions for electronic process intelligence, […]
Helsinki, Finland 9/5/12; Helsinki, Finland 10/25/12—High-performance materials firm Ahlstrom has acquired Munktell Filter, a provider of life science and lab applications filtration materials, for €20 million ($25 million = €0.79 = $1). Based in Falun, Sweden, Munktell Filter had 2011 annual sales of €15 million ($21 million = €0.72 = $1) and an operating profit […]
Mountain View, CA 10/18/12; San Diego, CA 10/18/12—Sequencing services firm Complete Genomics has announced that the US District Court for the Northern District of California issued an order granting its motion for partial summary judgment of invalidity in a patent infringement suit brought by Illumina against the company (see IBO 9/3010). Judge Elizabeth D. Laporte […]
Washington, DC 10/31/12—To resolve charges that Corning’s proposed acquisition of Becton Dickinson’s Discovery Labware Division would be anticompetitive (see IBO 4/15/12), the Federal Trade Commission (FTC) has proposed that Corning enable Sigma-Aldrich to produce cell culture labware. Corning would provide Sigma-Aldrich with assets and assistance for manufacturing Corning’s line of tissue culture–treated (TCT) dishes, multiwell […]
In this issue, IBO presents its second look this year at patent infringement litigation involving lab instrument and product companies. New Suits Legal activity has heightened between Illumina and sequencing services provider Complete Genomics. In June, Illumina filed a second patent infringement suit against publicly held Complete Genomics, which is set to be acquired by […]
According to the results of IBO’s Fall 2012 Business Climate Survey, expectations for near-term instrument and laboratory product sales have hit their lowest point since spring 2009 (see graph, page 6). Twenty-four percent of respondents expect instrument and lab product sales to decline industry wide over the calendar-year fourth quarter 2012 and first quarter 2013. […]
Washington, DC 9/28/12; Washington, DC 10/3/12—Singulex, a provider of immunoassay technology for measuring single-molecule changes in biomarkers, has filed with the US SEC for an IPO. The company intends to raise $86.3 million. In 2011, the company’s revenues grew 405% to $24.8 million, with cardiovascular disease (CVD) monitoring services accounting for 78% of revenues, life […]
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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.
