IHS Chemical Week
FINE CHEMICALS/BIOTECH

Pharma/fine chemicals roundup—25 July 2016

July 25, 2016 | Deepti Ramesh

Lonza reports 20% core Ebit growth Lonza has reported sales of 2.02 billion Swiss francs ($2.05 billion) in the first half of 2016, an increase of 6% year over year (YOY), the “best first half in its history,” as a result of “better...

Syngenta earnings, sales down on tough markets, ChemChina deal expected to close by year-end

July 22, 2016 | Natasha Alperowicz in Basel

Syngenta (Basel, Switzerland) today reported a 13% drop in net income for the first six months of 2016, to $1.06 billion with Ebitda down 12%, to $1.77 billion. Ebitda was 4% below consensus estimates....

FDA issues warning letter to SmithKline Beecham's API plant in UK

July 20, 2016 | Deepti Ramesh

The US FDA issued a warning letter on 30 June 2016 to the active pharmaceutical ingredient (API) manufacturing facility of SmithKline Beecham Ltd—located at Worthing, United Kingdom—for violating current good manufacturing practice (cGMP). An FDA...

Lonza reports 20% core EBIT growth on biotech, pharma

July 20, 2016 | Michael Ravenscroft

Lonza has reported sales of 2.02 billion Swiss francs ($2.05 billion) in the first half of 2016, an increase of 6% year over year (YOY), as a result of “better operational and commercial performance.” Core EBIT was 312 million Swiss francs, an...

Monsanto rejects Bayer's latest offer but is open to talks with Bayer or other parties, Bayer shareholders highly critical

July 19, 2016 | Natasha Alperowicz

Bayer continues to pursue Monsanto acquisition.  Copyright: Bayer Monsanto Co. on Tuesday rejected Bayer AG’s slightly higher offer, which increased the all-cash offer to $125 per share from $122 per share, valuing Monsanto at $63.5 billion...

India’s UPL to soon merge with its Advanta seeds affiliate

July 19, 2016 | Deepti Ramesh

India’s largest agrochemical company, UPL Ltd (Mumbai), formerly known as United Phosphorus, informed the Bombay Stock Exchange (Mumbai) last week that it is completing formalities to merge with its Advanta Ltd (Hyderabad, India) affiliate, a global...

Pharma/fine chemicals roundup—19 July 2016

July 19, 2016 | Deepti Ramesh

Cambrex completes API capacity expansion in Iowa site Cambrex Corp. (East Rutherford, New Jersey), a manufacturer of small molecule innovator and generic active pharmaceutical ingredients (APIs), announced on 12 July that it has completed the previously...

ChemChina to buy Israel's stake in Adama, combine Adama with local agchems unit

July 18, 2016 | Natasha Alperowicz

Adama Agricultural Solutions Ltd. (Tel Aviv, Israel)—a major producer of generic crop-protection products and owned 60% by China National Agrochemical Corp. (CNAC; Beijing), a subsidiary of China National Chemical Corp. (ChemChina)—is poised to...

Bayer sweetens offer to acquire Monsanto

July 14, 2016 | Natasha Alperowicz

Bayer, possibly impelled by Wednesday’s report that BASF and Monsanto are in talks to combine their agricultural chemicals businesses, today announced a slightly sweetened offer to acquire Monsanto. Bayer also said it could provide certainty...

Report: Monsanto and BASF revive agchems combination talks

July 14, 2016 | Natasha Alperowicz

Following weeks of relative calm on the worldwide agricultural chemicals front, Bloomberg reports that Monsanto has revived talks with BASF on a possible agchems combination. Citing "people familiar with the matter," Bloomberg says Monsanto is...

Cambrex completes API capacity expansion in Iowa site

July 12, 2016 | Deepti Ramesh

Cambrex Corp. (East Rutherford, New Jersey), a manufacturer of small molecule innovator and generic active pharmaceutical ingredients (APIs), announced on 12 July that it has completed the previously announced $50-million production and warehousing expansion...

Pharma/fine chemicals roundup—12 July 2016

July 12, 2016 | Deepti Ramesh

Apax Partners to acquire Invent Farma including its API subsidiary   Funds advised by private equity advisory firm Apax Partners (London) says that an entity controlled by them has entered into a definitive agreement to acquire Invent Farma S.L...

AMRI completes acquisition of Italy-based API manufacturer Euticals

July 11, 2016 | Deepti Ramesh

Albany Molecular Research Inc. (AMRI; Albany, New York) says that it has completed the previously announced acquisition of a privately held company Prime European Therapeuticals S.p.A. (Lodi, Italy), also known as Euticals. Plans for the acquisition were...

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