IHS Chemical Week

Asahi Kasei and Orion sign deal to develop pain management therapies

June 22, 2016 | Deepti Ramesh

Asahi Kasei says that its Asahi Kasei Pharma (Tokyo) subsidiary has entered into a collaboration agreement with Orion (Espoo, Finland) for the discovery, development, and commercialization of new pain management therapies. Orion develops, manufactures, and...

Pharma/fine chemicals roundup—21 June 2016

June 21, 2016 | Deepti Ramesh

Hovione breaks ground on New Jersey expansion Active pharmaceutical ingredients (APIs) producer Hovione (Loures, Portugal) says it held a groundbreaking ceremony on 8 June for the expansion of its East Windsor, NJ site, which would double its capacity to...

ChemChina provides update on Syngenta acquisition, declines to comment on possible CFIUS setback

June 20, 2016 | Natasha Alperowicz

China National Chemical Corp. (ChemChina; Beijing) says it has started substituting equity for part of the loan financing of the offer made by CNAC Saturn, a subsidiary of ChemChina, for shares and American Depositary Shares of Syngenta. A first equity...

Monsanto, Remington Holding form jv

June 16, 2016 | Jing Chen

Monsanto and Remington Holding Company have teamed up to form a new joint venture called Innovative Seed Solutions, with an initial focus on sorghum. Under the partnership, seed giant Monsanto will provide the jv with access to its global sorghum breeding...

Hovione expands New Jersey facility

June 16, 2016 | Jing Chen

Active pharmaceutical ingredients (APIs) producer Hovione (Loures, Portugal) said Thursday it held a groundbreaking ceremony on 8 June for the expansion of its East Windsor, New Jersey site, which would double its capacity to manufacture drug substance. The...

Pharma/fine chemicals roundup—14 June 2016

June 14, 2016 | Deepti Ramesh

Novacap builds sodium bicarbonate plant in Singapore to serve pharma sector Pharmaceuticals and chemicals producer Novacap (Lyon, France) says that its Novacarb subsidiary, a producer of soda ash and sodium bicarbonate, on 7 June broke ground on a new sodium...

Oxiteno, Ashland to cooperate in ag

June 13, 2016 | Francinia Protti-Alvarez

Oxiteno (São Paulo), a subsidiary of Ultrapar (São Paulo); and Ashland have agreed to the companies' respective businesses selling specialty chemicals to the agricultural sector. The deal covers emerging markets in South America and Asia...

Monsanto rejects Bayer's second offer, Bayer may go hostile

June 11, 2016 | Natasha Alperowicz

Monsanto on Friday rejected a new offer from Bayer at the same price, $122/share, as its initial approach, according to reports citing people familiar with the situation. Bayer, anxious not to overpay and stung by criticism from some shareholders that its...

R&D at BASF: Focus, collaborate, and accelerate

June 10, 2016 | Michael Ravenscroft

The innovation-driven world of chemical and technology companies is characterized today by a constant process of change, BASF says at its research press conference at Ludwigshafen. “BASF is further speeding up and focusing its R&D activities, says...

Mitsubishi Gas Chemical and Nippon Kayaku form biologics JV

June 8, 2016 | Deepti Ramesh

Mitsubishi Gas Chemical (MGC; Tokyo) says that it has established a joint venture company with Nippon Kayaku (Tokyo) for manufacturing monoclonal antibodies and biosimilars. Biosimilars are approved versions of innovator biopharmaceutical products after...

Pharma/fine chemicals roundup—7 June 2016

June 7, 2016 | Deepti Ramesh

Johnson Matthey's fine chemicals unit reports fall in sales following sale of research chemicals business Johnson Matthey (London) has announced results for its fiscal year ended 31 March 2016. The company's fine chemicals division reports a 9.7% fall in...

Sumitomo Chemical acquires 44.98% stake in India agchem company Excel Crop Care for $93 million, to buy additional shares

June 6, 2016 | Deepti Ramesh

Sumitomo Chemical says that it has agreed with the founders and financial investors of agchem company Excel Crop Care (Mumbai), to acquire their 44.98% stake in Excel Crop Care. The purchase price for the 44.98% stake is about Rs6.23 billion ($93.19 million)...

EU states fail to approve temporary extension of glyphosate authorization

June 6, 2016 | Ian Young

Member states of the European Union, meeting today, failed to muster the necessary majority in a vote to extend temporarily EU approval for the use of glyphosate, the world's most widely used herbicide. The European Commission called the meeting last week and...

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