Venture capital investment in the Life Sciences, which includes the Biotechnology and Medical Device industries, decreased in 2013. Biotechnology showed growth, however, with funding increasing 8% to $4,500 million. Numbers of deals, in contrast, decreased by 2% to 470. In the fourth quarter of 2013, Biotechnology investments grew 43% in value to $1,300 million and […]
The FDA will create the Office of Pharmaceutical Quality to better control quality of branded, generic and over-the-counter drugs in the US. The agency and the pharmaceutical industry are determining which of the data currently acquired from inspections can be collected on an ongoing basis to identify drug plants departing from established standards and needing […]
The FDA is proposing nutrition label updates on foods due to changes in scientific knowledge and dietary habits. Besides listing trans fats as of 2006, labels have largely not changed since their 1994 introduction. Proposed changes will be open to public comment and include updating daily values, nutrients listed and serving sizes. Listing amounts of […]
Minneapolis, MN 1/31/14—Techne, a manufacturer of biotechnology products and hematology calibrators and controls, has announced a three-year agreement with Thermo Fisher Scientific. Thermo will distribute Techne’s R&D Systems, Tocris and Boston Biochem brand catalog products in the US and Canada through its Fisher Scientific customer channel. Techne will be a Thermo preferred supplier but will […]
Shoreview, MN 2/15/14—Measurement solutions firm TSI has acquired Enwave Optronics’ business assets and Raman spectroscopy technology for an undisclosed sum. Enwave provides handheld, portable, benchtop and process control systems. “Raman technology expends our chemical characterization business so that now we can address molecular-based as well as elemental-based material analysis,” stated TSI President Tom Kennedy. TSI’s […]
New Castle, DE 1/30/14; New Castle, DE 1/30/14; Washington, DC 2/27/14—TA Instruments, a division of Waters, has acquired three companies. In December 2013, TA acquired US-based LaserComp, a manufacturer of thermal conductivity test instruments, including heat flow meters and guarded hot plate systems. The company was purchased for $12 million in cash, according to an […]
Cambridge, UK 2/27/14—Horizon Discovery plans to raise £25 million ($42 million = £0.60 = $1) through an IPO on the London Stock Exchange’s AIM market. Horizon supplies the GENESIS gene editing and X MAN cell line platforms for genomics research and the development of personalized medicines. In 2013, Horizon revenues grew more than 70% to […]
Despite continued weakness in industrial markets, revenues for six major publicly traded analytical instrument and lab product businesses grew in the most recently ended quarter, benefitting in part from year-end budget releases and strength in Europe. Sales also climbed for each of the five businesses with fiscal years ending during the period 2013, despite weaker […]
For instrument and laboratory product companies, China has become the fastest growing market among major world economies. This is not surprising considering the country’s economic ascension and growing R&D spending. In 2013, analytical instrument sales (comprised of the product categories listed in the January 15 issue of IBO, including aftermarket products and service) to China […]
English research spending will remain stable in 2015 and 2016; however, universities will face cuts. According to the Department for Business, Innovation and Skills’ (BIS) February grant letter to the Higher Education Funding Council for England, university funding will decline from £4.1 billion ($6.8 billion) in 2015 to £4.0 billion in 2016. Core funding for […]
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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.
