July 28, 2015 | By DEEPTI RAMESH
Lonza's earnings, sales rise on restructuring, firm demand; more job cuts planned at Swiss site Lonza reports a 2.5% increase in net profit for the first half of 2015 compared with the same period last year, to 166 million Swiss francs, on sales up 5.8%, to SF1.9 billion. Operating profit increased 7.9% year-on-year, to SF260 million, and Ebitda rose 6.3%, to SF391 million. Quarterly figures have not been...
July 14, 2015 | By DEEPTI RAMESH
US pharmaceutical chemicals market to reach $54 billion in 2019 US demand for pharmaceutical chemicals is forecast to rise 6.1%/year to $54 billion in 2019 says a recent market report published by ReportLinker. Merchant market sales primarily to generic drug companies will account for nearly one-third of this total. The remainder of demand will consist of the value of pharmaceutical chemicals produced...
July 8, 2015 | By DEEPTI RAMESH
FDA issues warning letter to Canada-based firm for violating cGMP for API manufacturing The US FDA issued a warning letter on 22 June to the manufacturing and repackaging facility of Attix Pharmaceuticals—located at Toronto, Canada—for deviations from cGMP for the manufacture of active pharmaceutical ingredients (APIs). The warning letter was published on the FDA Web site earlier this month. An...
July 2, 2015 | By LAWRENCE D. SLOAN, SOCMA PRESIDENT AND CEO
As we’ve watched TPA and Trade Adjustment Assistance (TAA) pass in both the House and Senate in recent days, we’ve heard little or no mention of the Miscellaneous Tariff Bill, legislation that temporarily suspends a duty on an imported raw material that is not available in the United States....
June 30, 2015 | By DEEPTI RAMESH
Novasep to build ADC facility in France Novasep (Pompey, France), a supplier of services and technologies for the life sciences and chemical industries, says that it will build a fully integrated antibody drug conjugate (ADC) facility at the company’s site at Le Mans, France. The announcement confirms CW’s exclusive report last year that Novasep is considering building an ADC facility. The new...
June 23, 2015 | By DEEPTI RAMESH
ScinoPharm signs API manufacturing deal with Raffles PharmaTech Active pharmaceutical ingredient (API) manufacturer ScinoPharm (Tainan, Taiwan) says that it will collaborate with Raffles PharmaTech (Huizhou, China) to manufacture celecoxib, a nonsteroidal and anti-inflammatory analgesic API. Raffles is focused on organic macromolecule catalysts, value-added pharmaceutical intermediates, and APIs, and its...
June 16, 2015 | By DEEPTI RAMESH
BPTF seeks changes in performance goals, fee payment schedule in GDUFA renegotiations The Bulk Pharmaceuticals Task Force (BPTF), an affiliate of the Socma, has asked the US FDA to consider several changes to performance goals and the fee payment schedule prior to reauthorization of the Generic Drug User Fee Act (GDUFA). BPTF made its requests during a public meeting at White Oak, MD. BPTF, representing...
June 9, 2015 | By DEEPTI RAMESH
FDA issues warning letter to API plant in Czech Republic The US FDA issued a warning letter on 27 May to the active pharmaceutical ingredient (API) manufacturing facility of Vuab Pharma—located at Roztoky, Czech Republic—for violating cGMP. The warning letter was published on the FDA Web site on 2 June. An FDA inspection from 9-13 June 2014 at the Roztoky facility identified significant...
June 2, 2015 | By MITCH LEE
The situation: Brent crude oil costs have more than halved since mid-2014, causing the PPI inflation rate for chemical products to fall from 1.7% year over year in November 2014 to -2.1% year over year in December. This generous reprieve is expected to hold for the next 12 months. The question: Should chemical companies drop their prices? Customers say “yes,” while chemical companies are well...
June 2, 2015 | By DEEPTI RAMESH
AbbVie completes $21-billion acquisition of cancer drugs producer Pharmacyclics AbbVie (Chicago) says that it has completed the previously announced acquisition of Pharmacyclics (Sunnyvale, CA), a pharmaceutical company that focuses on small-molecule drugs for treating cancer and immune-mediated diseases, in a deal valued at $21 billion. Pharmacyclics will be a wholly owned subsidiary of AbbVie and will...
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