Organization: MDS Sciex

MDS Inc scales back, sharpens core focus

MDS Inc has announced a major overhaul of its various business lines that sees a reduction in its divisions to focus on its core life sciences activity, layoffs of 500 employees and a focus on near-term improvement of financial performance. MDS will retain MDS Pharma Services (contract research), MDS Nordion (molecular imaging and radio-therapeutics) and…

MDS pumps US$40 million into joint venture

Toronto’s MDS Inc is spending US$40 million to expand its existing joint venture with Applied Biosystems Group, Foster City CA. It is buying a 50% interest in the intellectual property assets of Applied Biosystems’ current mass spectrometry systems and a 100% interest in related research and manufacturing assets. The joint venture was established in 1986…

Ionalytics spins out of National Research Council

The National Research Council (NRC) has spun out Ionalytics Corp, with the assistance of $2 million in venture capital from Toronto’s Genesys Capital Partners Inc. Ionalytics has licensed NRC’s high field symmetric waveform ion mobility spectrometry technology, developed at the Institute for National Measurement Standards in collaboration with MDS Sciex. The firm will develop chemical…

MDS Sciex and PerkinElmer to collaborate

MDS Sciex, Concord ON, has teamed with PerkinElmer Inc, Wellesley, MA, to develop new time-of-flight-based mass spectrometry (MS) systems for proteomics, high throughput screening and drug development. MDS Sciex will contribute its MS technology while PerkinElmer brings its expertise in proteomics, front-end chroma tography, sample preparation technology, reagents and software. New products are expected to…

MDS Proteomics and IBM strike major collaboration

IBM Corp‘s Life Sciences Unit and MDS Proteomics Inc (MDSP) have entered into a multi-faceted collaboration that will see the two firms launch research projects and establish a publicly available bioinformatics database available to researchers worldwide. As part of the agreement, IBM will make an equity investment in MDSP and become a preferred supplier of…

SYNERGY AWARDS ANNOUNCED AT INNOVATION 2000

The winners of the Synergy Awards for University-Industry Partnerships have been announced. Jointly sponsored by the Conference Board of Canada and the Natural Sciences and Engineering Research Council, they are: APT Power Technologies and Univ of Manitoba; World Heart Corp and Univ of Ottawa Heart Institute; Semex Alliance and Univ of Laval; MDS Sciex and…