In a report released earlier this month, Statistics Sweden forecasts that the Swedish government plans to increase R&D funding by SEK 747 million ($92.1 million) to SEK 34.4 billion ($4.2 billion) for 2016, which is 3.7% of this year’s federal budget. This is a slight decrease from 2015, when R&D funding made up 3.8% of […]
This month’s “Morbidity and Mortality Week Report” published by the Centers for Disease Control and Prevention (CDC) outlined how changes in culture-independent diagnostic tests (CIDTs) for foodborne illnesses aid physicians in identifying infections, but may be limited in monitoring and preventing diseases. FoodNet, an organization made up of the CDC, 10 state health departments, the […]
The USDA has decided to not regulate mushrooms that have been genetically modified using CRISPR-Cas9, making it the first CRISPR-edited crop that will be able to bypass the USDA’s regulations. It is the latest crop created with gene-editing techniques to not require USDA approval because it does not contain “plant pest” DNA. In fall 2015, […]
According to Chemical and Engineering News’s (C&EN) latest annual capital and R&D spending survey, 18 US and European chemical companies stated that 2015 R&D levels were virtually the same as 2014. Total R&D spending made up 3.4% of companies’ revenues, while R&D spending for all surveyed firms increased 0.3% from $9.88 billion to $9.91 billion. […]
US equity markets remained unnerved in April on account of mixed earnings reports and weak economic data. First quarter US GDP growth edged higher at a listless 0.5%, representing the slowest quarterly growth rate since the beginning of 2014. Slower consumer spending, weak business investments and lower exports pressured economic growth in the quarter. However, […]
Newark, CA and Lebanon, NH 4/26/16—DNA2.0, a supplier of bioengineering solutions, has signed a definitive asset purchase agreement to acquire substantially all the assets of MIGS. MIGS is a CRO organization that specializes in antibody and antibody-like molecular humanization and production for preclinical studies using micrograms to grams of protein. Financial details were not disclosed. […]
Sunnyvale, CA 4/18/16; Sunnyvale, CA 4/21/16—Publicly held Japanese materials and polymer firm JSR has established a new business unit, JSR Life Sciences, which includes its large-scale purification and chromatography, exosome, magnetic and latex bead, biopolymer, surface chemistry and microfluidic products for life science and diagnostic markets. Eric R. Johnson was named head of the unit. […]
Abingdon, UK 4/12/16—Oxford Instruments, a supplier of high-technology systems, has appointed COO Ian Barkshire, PhD, as its new chief executive, effective May 11. He replaces Jonathan Flint, who will remain on the Board until July 2016. “Ian has a track record of almost two decades of leading and building businesses within Oxford Instruments with distinction, […]
Waltham, MA 4/25/16; Luxembourg 4/25/16—PerkinElmer announced that it has sold its US prenatal screening lab services business, PerkinElmer Labs/NTD, to testing firm Eurofins Scientific for an undisclosed amount. Based in Melville, New York, with 80 employees, PerkinElmer Labs/NTD generated 2015 revenues of $20 million. ”Recent changes to US health care reform continue to drive the […]
San Diego, CA 4/18/16—Illumina has announced that its first quarter sales were below forecast due to lower-than-anticipated sales of the HiSeq 2500, 3000 and 4000 systems. First quarter sales grew 6%, 7% in constant currency, to $572 million. Consequently, the company now expects revenue to grow 12% in 2016. “Despite this slow start in Q1, […]
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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.
