IHS Chemical Week
FINE CHEMICALS/BIOTECH

AbbVie to invest in biopharma expansion in Puerto Rico

8:28 AM MDT | March 27, 2015 | Natasha Alperowicz

AbbVie is to invest $30 million to expand one of its manufacturing sites in Puerto Rico. The expansion will add to Puerto Rico’s manufacturing capabilities for biotechnology and is expected to create up to 100 jobs over the next two years...


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MORE FINE CHEMICALS/BIOTECH

Teva appoints new head of business development, strategy, and innovation

Teva Pharmaceutical Industries (Jerusalem) has announced the appointment of Timothy Wright to the company’s executive leadership team, heading business development, strategy, and innovation, effective 13 April. Wright will be responsible for identifying...

Redx Pharma announces pricing of IPO, begins trading Friday

Redx Pharma (Liverpool, UK), the drug discovery and development company, further to the announcement of its intention to seek an admission to trading on the London Stock Exchange's AIM, has announced details of the pricing of its initial public offering and...

IPCA Laboratories issued another FDA import alert

IPCA Laboratories (Mumbai) said today that it received on 24 March import alerts for two formulation units after FDA inspected the units at Pithampur and Silvassa, situated in the Indore special economic zone in India. The development follows an...

METabolic EXplorer increases sales, operating income; reduces net loss

Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced that revenues rose to €3.7 million ($4.04 million) in 2014, up from €700,000 in 2013. Operating income also increased, from €1.2 million in 2013 to...

Gevo licenses iosbutanol technology to Praj Industries

Biobased chemicals and fuels firm Gevo (Englewood, CO) announced today that it has signed a memorandum of understanding with Praj Industries (Pune, India) for the latter to become a Gevo licensee for the production of renewable isobutanol in sugar-based...

Pharma/fine chemicals roundup—24 March 2015

Weifa to spin off API business Weifa (Oslo), Norway's leading fully-integrated pharmaceutical company and a major supplier of active pharmaceutical ingredients (APIs), says that its board plans to separate the company’s consumer health-care and API...

Adama reports increased sales, earnings; growth rates among highest in the pesticides sector

Adama Agricultural Solutions, the leading global off-patent provider of crop protection solutions, today reported its financial results for full-year 2014 and the fourth quarter, ended 31 December 2014. Full-year revenue grew 4.7% to $3.22 billion, and Ebitda...

BASF launches Seltima rice fungicide in Indonesia, other markets to follow

BASF today officially launched Seltima, a fungicide designed to help farmers produce high-quality rice more efficiently. The special innovation aspect is its encapsulation technology that ensures the active ingredient is released in a controlled manner. This...

Syngenta provides update on growth initiative

Syngenta today gave the first update on progress towards meeting the six ambitious commitments under The Good Growth Plan initiative, which was launched in 2013 to support the future sustainability of agriculture and rural communities. Syngenta established a...

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