Front-end automation drives Tecan's sales:
This article was originally published in Clinica
Executive Summary
Swiss company Tecan, a manufacturer of laboratory automation systems, saw turnover rise 15% to SwFr164 million ($110 million) in 1998. The Hombrechtikon-based company attributes the growth mainly to demand for its front-end automation systems. New orders remained flat at SwFr159 million, largely due to the economic situation in Asia. The company says operating profits rose during the year, despite its nearly doubling R&D expenditure. For the coming year, Tecan expects double-digit sales growth.
You may also be interested in...
Metsera Launches As New Obesity Contender Flush With $290m
Clive Meanwell, former CEO of The Medicines Company, will helm the new company, backed by ARCH and other investors. He talked to Scrip about the new venture.
Deal Watch: AbbVie Teams With MedinCell On Long-Acting Injectables
Collaboration Edition: Including deals involving Evotec/Variant, Sanofi/IGM/Nurix, ABVC/OncoX and Harmony/Bioprojet, along with tech transfer agreements and deals in brief.
GE HealthCare Launches AI-Powered Voluson Ultrasound For Women’s Health
Voluson Signature 20 and 18 ultrasound provides clinicians with workflow efficiencies in detecting female reproductive health problems, especially those related to pregnancy.