FMC says it has signed an exclusive distribution and development agreement with Consumo em Verde (CEV) Biotecnologia das Plantas, S.A. (Lisbon, Portugal) for the fungicidal active ingredient Blad. Under the terms of the deal, FMC Agricultural Products Group...
Syngenta today reported a 14% increase in 2011 net income to $1.6 billion on sales also up 14% at $13.3 billion. Sales of crop protection products were 14% higher at $10.2 billion and seeds also registered a 14% growth to $3.2 billion. Earnings per share...
Agrium today reported fourth-quarter net earnings of $193 million, or $1.20/share, up 43% from the year-ago period. Excluding a $134 million loss from discontinued operations, fourth-quarter earnings totaled $327 million, or $2.04/share. Discontinued...
Shanghai Pharmaceuticals (Shanghai, China) says it will acquire a 70% stake in Changzhou Kony Pharm (Changzhou, China), and will also purchase the remaining 30% stake in the next two years. Kony Pharm manufactures active pharmaceutical ingredients (APIs) and...
Cambrex (East Rutherford, NJ) reported an 84% fall in net profits for the fourth quarter ended December 31, 2011, compared with the year-ago quarter, to $741,000. Net sales for the quarter increased 5.3%, to $66.58 million. For the full year 2011, net profits...
Dow AgroSciences and drug discovery services firm BioDuro (Wilmington, NC) say they have signed a three-year discovery research agreement to generate novel molecules for synthesizing...
LONZA REPLACES CEO AFTER DECLINE IN EARNINGS Lonza has suddenly fired CEO Stefan Borgas following a series of weak financial results. The company announced plans last month to appoint a new CEO and, during a transitional period Rolf Soiron, Lonza chairman...
Aesica Pharmaceuticals (Newcastle upon Tyne, U.K.), a provider of active pharma ingredients (API), formulations, and custom synthesis, says it plans to upgrade its API manufacturing facilities, enabling it to manufacture high potency APIs (HPAPIs) at...
Monsanto says it will not sell its MON810 maize seed in France in 2012 or the foreseeable future, citing a lack of support among farmers and government officials for genetically modified (GM) traits. The company has not sold the seed since spring of 2007, and...
BASF says the value of its crop protection pipeline increased by €400 million ($525.8 million) to €2.8 billion, driven mainly by the company’s star fungicide F 500, which is expected to exceed peak sales of €1 billion. In...
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