Laboratory Decision Makers Cautiously Optimistic about Funding Conditions, Finds Frost & Sullivan

Laboratory Decision Makers Cautiously Optimistic about Funding Conditions, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Aug. 1, 2012 - Deep budget cuts to hiring offset by considerable budget hikes for commodities MOUNTAIN VIEW, California, Aug. 1, 2012 /PRNewswire/ -- The laboratory industry rode a roller coaster in 2011, with the economic recovery and the residual dollars of the 2009 American Recovery and Reinvestment Act (ARRA) funding. By the fourth quarter (Q4) of 2011, the market began to soften with hiring freezes and deterioration of most purchasing budgets. New analysis from Frost & Sullivan's (http://www.drugdiscovery.frost.com) Investment Confidence Among Laboratory Decision Makers research finds that in 2012, laboratory decision makers expect their funding conditions to either remain the same or improve marginally. They believe they will have adequate funds to maintain a proper work environment and acquire the necessary technology to achieve their research objectives. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. The participants' modestly optimistic outlook is rooted in the responses of 35 percent of laboratory decision makers who believe that business conditions during Q4 2012 will be better than those in Q4 2011.