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Novartis Divests Ophthalmology Assets to Bausch + Lomb for Up to $2.5 Billion

03.07.2023 -

Novartis has signed an agreement to divest its 'front of eye' ophthalmology assets to Bausch + Lomb, a global eye health company. The transaction is valued at up to $2.5...

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CSPC Pharmaceutical and Pfizer to Launch Local Brand of Paxlovid in China

03.07.2023 -

Chinese drugmaker CSPC Pharmaceutical announced on Jun. 28, 2023, that it has signed a strategic partnership agreement with Pfizer to launch a local brand of the Covid-19...

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Solvay in $393 Million PFAS Deal with New Jersey

30.06.2023 -

Belgian chemical major Solvay has reached a $393 million deal with the US state of New Jersey to remedy contamination from poly- and per-fluorinated alkyl substances...

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Arkema Takes Majority Stake in PI Advanced Materials

30.06.2023 -

French specialty chemicals company Arkema plans to acquire the 54% majority stake held by Glenwood Private Equity in South Korea-listed PI Advanced Materials (PIAM) for...

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Germany’s Merck Expanding Reagents in China

30.06.2023 -

As part of an agreement with China’s Nantong Economic and Technological Development Area (NETDA), Germany’s Merck said it plans to spend €70 million to expand production...

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Ineos Charters Two LNG Carriers for Shipping US Gas

29.06.2023 -

Ineos Energy, one of the newer units in Jim Ratcliffe’s growing portfolio of chemicals and related holdings, has signed dual agreements with Japanese shipbuilder Mitsui O...

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EPA Ends Louisiana Environmental Justice Probe

29.06.2023 -

Due to considerations likely to reflect objections not only from the chemical industry, the US Environmental Protection Agency (EPA) and the US Department of Justice have...

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Grupa Azoty Starts New PP Plant in Poland

29.06.2023 -

Polish chemicals and plastics producer Grupa Azoty has started up what it says is the first new polypropylene plant to be built in Europe in 15 years, while also...