Basel, Switzerland 6/30/16—Pharmaceutical industry supplier Lonza has announced the acquisition of Triangle Research Labs (TRL) from PBM Capital. Financial details were not disclosed. TRL provides fresh and cryopreserved hepatocytes and non-parenchymal cells from multiple species, and supporting media and culture systems. “Integrating this business into its primary cell portfolio lays the basis for new product […]
Direct Sales Deliver Biotage Growth First quarter sales for Biotage climbed 10.2%, 9.3% excluding currency, to SEK 158.9 million ($18.8 million = SEK 8.46 = $1). Sales for all major product lines expanded, including double-digit sales growth for sample preparation, purification and industrial products. Continued demand for the Isolera purification system as well as for […]
Late last month, Vice President Joe Biden announced additions and changes to the Cancer Moonshot Task Force initiative. These include, but is not limited to, the National Cancer Institute (NCI) collaborating with 20–30 pharmaceutical and biotechnology firms to accelerate researchers’ access to data, “investigational agents” and approved drugs, with the first agents estimated to be […]
In 2015, total world primary energy consumption increased 1.0%, which is below the 10-year average growth rate of 1.9%. Of this increase, emerging economies accounted for 97% of the increase. Renewable power use continued to grow steadily, representing 3% of global primary energy consumption. The annual average oil price stabilized at $52.39/barrel, a 47% decline; […]
In June, the Centers for Medicare and Medicaid Services published its final rule for lab fee schedule changes. As with the proposal (see IBO 10/15/15), private rates for clinical lab diagnostic tests will be set according to the weighted median reported rates of private payors, with limitations. New to the final rule is the implementation […]
The Turkish government has allocated TRY 7.461 million ($2.566 million) for R&D in 2016, a 20.9% increase. This budget pertains to government-funded R&D in the federal, business, private and higher education sectors, as well as to organizations established abroad. In 2015, R&D funding accounted for 0.32% of GDP and 1.08% of the government’s annual budget […]
Based on R&D data submitted by the 10 largest pharmaceutical companies in South Korea, in 2015, the average rate of pharmaceutical R&D expenditure was 10.46% of their revenues. Revenues for the 10 companies was KRW 7.5 trillion ($6 billion), with total R&D expenditure of KRW 774 billion ($672 million). Of the 10 companies, seven invested […]
Sequencing in China is on a rapid rise, with the country accounting for 20%–30% of global sequencing capacity. Driving this growth is China’s 15-year precision medicine program (see IBO 1/31/16). The multi-billion dollar budget of the initiative will be used for improving precision medicine technology, sequencing, analyzing over a million human genomes, and drug development […]
The Semiconductor Equipment and Materials Institute (SEMI) presented the Semicon West 2016 trade show at Moscone Center in San Francisco from July 12 to July 14. For several years, the show has been colocated with two other related meetings focusing on solar energy and photovoltaics: Solar 2016 and Intersolar North America. Organizers estimated that 30,000 […]
Company Announcements Sartorius first quarter sales grew 17.0%, 14% organically, to €301.9 million ($331.8 million) (see IBO 4/30/16). Lab Products & Services (LPS) revenue rose 5.2% organically to account for 25% of revenues, led by strong demand for lab filters. Organic LPS sales in EMEA, Asia Pacific and the Americas grew 0.3%, 8.7% and 14.0% […]
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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.
