The UK government made public this month a third-party final report reviewing the country’s food-supply networks and their response to food adulteration in light of the 2013 EU horse-meat incident, when beef products were found to contain horse meat and other products from animals besides cow (see IBO 2/15/13). The government also published a response […]
Some Indian drug companies are moving R&D and clinical trials abroad as they seek to expand the types of products they sell and bring drugs to market faster. Piramal Enterprises, Sun Pharmaceutical Industries and Lupin have announced such plans. Indian firms are pursuing sales of higher-margin products, such as drugs for niche markets, products that […]
A survey of 48 finance directors (FDs) of higher-education institutions (HEI), representing 37% of the sector, has revealed that 36% of them feel less positive about the financial prospects of their institutions compared with the previous year, whereas 23% are more optimistic. Asked to describe their “general level of external or financial economic uncertainty,” 89% […]
According to newly required annual department reports of China’s central government agencies, 2011 R&D spending was CNY 73.7 billion ($11.4 billion), 9% of gross domestic expenditure on R&D (GERD) or 39% of government contributions to GERD. Agencies also receive research funds from sources such as businesses and local governments. The Ministry of Science and Technology […]
The Grocery Manufacturers Association (GMA), a trade group representing over 300 companies in the food, beverage, and consumer-products industry, announced last month its plans to address consumer concerns about food additives that are “Generally Recognized as Safe” (GRAS). Currently, companies can decide if a substance is GRAS without approval by the FDA. Per the GMA’s […]
The first US application for a biosimilar, a generic version of Amgen’s Neupogen, was submitted to the FDA in July by Novartis. So far, the FDA has had 59 meetings with companies to discuss 14 biosimilars. Biosimilars are expected to provide a 30% discount to the price of biologics. Source: BusinessWeek
In their July survey of 958 chemical companies, ICIS and Genomatica found that over the last year, chemical producers have experienced the same level (44%) or greater (36%) interest in sustainable chemicals from their customers. More sustainable versions of chemicals are already offered by 31% of producers, with 41% expecting to offer them within the […]
Second quarter IBO Life Science Index sales grew 5.1%, 6.0% excluding currency, to $3,568 million. Operating profit jumped 11.2% to $780 million. Illumina’s strong financial performance accounted for roughly half of the Index’s organic sales and operating profit growth. Based on continuing operations, operating margin advanced 100 basis points to 19.6% of sales. Sequenom was […]
London, UK 9/9/14; Cambridge, UK 9/9/14—Abcam, a publicly held provider of protein-research tools and services, announced the appointment of Alan Hirzel as CEO, effective immediately. He replaces Jonathan Milner, PhD, who will now serve as deputy chairman. Mr. Hirzel previously served as chief marketing officer. “Alan will take over the leadership of the company, with […]
San Diego, CA 9/2/14—BioLegend acquired on August 29 the Antibody Services business unit of Covance for an undisclosed amount. The business develops and manufactures antibodies and research reagents for neuroscience, immunopathology, cell biology, epitope tags and immunohistochemistry detection, including IVD antibodies for immunohistochemistry (IHC). “The addition of Neuroscience and IHC antibody tools to our catalog […]
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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.
