Healthcare Business Roundup: Science Equipment Makers On Watch Due To Spending Cuts

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Makers of science equipment are being impacted by the reduction of spending in academic institutions, Says Peter Lawson at Mizuho. Shares of Affymetrix (NASDAQ:AFFX) plummeted on the warning, and the effects could filter through other academically-exposed names, such as Life Technologies Corporation (NASDAQ:LIFE), Illumina (NASDAQ:ILMN), Fluidigm Corporation (NASDAQ:FLDM), and Thermo Fisher Scientific (NYSE:TMO). Mizuho still recommends AFFX as a Buy on valuation, but it is trimming estimates.

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