FINE CHEMICALS/BIOTECH

DOJ Begins Antitrust Inquiry into Seeds

March 12, 2010 | Rebecca Coons

The meeting at Ankeny, IA the first time U.S. regulators have scrutinized competition and regulation in the seed market, and come amid competitors' and farmers' accusations of antitrust behavior by seed industry's market leader Monsanto....

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Abbott to Acquire Facet Biotech for $450 Million

Abbott Laboratories (Abbott Park, IL) says it has entered into a definitive agreement with biotechnology company Facet Biotech (Redwood City, CA), to acquire Facet Biotech for $27/share in cash, for a total transaction value of about $450 million. The...

Lonza Forms Alliance and Acquires Stake in U.S. Drug Discovery Tech Firm

Lonza says it has signed an agreement with drug discovery technology company Odyssey Thera (San Ramon, CA) to make Odyssey Thera’s proprietary protein-fragment complementation assay (PCA) technology, and Odyssey Thera has granted to Lonza an option to...

Monsanto to Build Corn Breeding Facility in Mississippi

The site's research will focus on breeding higher-yielding corn hybrids with greater resistance to disease and other stresses prevalent in the south....

Wacker Opens New Biologics Facility at Jena

Wacker Chemie has opened a new production facility for pharmaceutical proteins at its Jena, Germany site. The plant is part of Wacker's program to enlarge its biotech operations. The expansion, together with the a new building for process development and...

Bayer CropScience, Mendel Extend Crop Resistance Development Deal

Bayer CropScience contributes screening expertise to the joint venture, while Mendel researchers identify genes responsible for plant growth and environmental response....

DuPont to Build Soybean Seed Facility

DuPont says its Pioneer Hi-Bred business will construct a commercial and parent soybean seed production facility at New Madrid County, MO with an investment of about $55...

Aurobindo Pharma Establishes CRAMS Division

Active pharmaceutical ingredients (APIs) and generic pharmaceuticals manufacturer Aurobindo Pharma (Hyderabad, India) says it has introduced AuroSource, a division within the company that will provide custom research and manufacturing (CRAMS) services for...

Siegfried Plunges to Loss Despite Rise in API Sales

Fine chemicals producer Siegfried (Zofingen, Switzerland) has recorded a loss of SF35.3 million ($32.8 million), on sales down 2.2% to SF283 million for full year 2009. The company recorded an Ebitda for the year of SF25.3 million, equivalent to 8.9% of...

Dow AgroSciences Expands Research Capacity

Dow AgroSciences, a Dow Chemical subsidiary, says it will invest about $340 million in a multi-year expansion of its global headquarters at Indianapolis, IN, and will add more than...

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