German specialty chemicals producer Lanxess has joined the growing list of European and US companies seeking to unload their engineering plastics activities – in one way or another. In a Nov. 11 statement, the Cologne-based player announced plans to spin off its High Performance Materials business into an independent legal entity from January 2022.
MilliporeSigma, part of the German Merck group, has agreed to provide CDMO services for SaudiVax. The Merck offshoot will design a multi-modality manufacturing plant for the Saudi company, which is pursuing the development and manufacture of halal biotherapeutics and vaccines. Financial terms of the arrangement have not been disclosed.
With the receipt of all approvals, BASF and Clayton, Dubilier & Rice (CD&R) have closed the sale of water treatment company Solenis to Platinum Equity. The transfer to the new private equity investor for an enterprise value of $5.25 billion includes net debt of around $2.5 billion.
The World Business Council for Sustainable Development (WBCSD) and the Sustainable Markets Initiative (SMI) have announced that 28 companies, including the likes of energy industry giants Shell and BP, have pledged to grow the hydrogen market.
AstraZeneca has agreed to transfer its global rights to two drugs for treating patients with chronic obstructive pulmonary disease (COPD) to Switzerland’s Covis Pharma for $270 million. The transaction is expected to close in the fourth quarter of 2021.
Lummus Technology has signed a Memorandum of Understanding (MoU) with Braskem Netherlands, part of Brazilian petrochemical group Braskem, to license the latter’s green ethylene technology. The technology will be deployed in two ethanol-to-ethylene conversion projects that are being developed in North America and Asia. No further details on the projects were disclosed.
Under a tax-free scheme, General Electric (GE) is officially carving out its healthcare business into a standalone company. The move that had been expected to take place several times over the past three years but repeatedly stalled is now set to be completed in early 2023. The US conglomerate plans to retain a stake of just under 20%.
US plastics and rubber producer Trinseo has announced that it has started exploring the sale of its styrenics businesses. The company plans to launch a formal sales process in the first quarter of 2022, which it expects will include the feedstocks and polystyrene units, as well as its 50% share in Americas Styrenics, a joint venture with Chevron Phillips Chemical.
Swiss specialty chemicals producer Arxada, which was recently sold by CDMO Lonza to private equity funds Bain Capital and Cinven, has made its first strategic move since the separation in July. The fledgling company has announced plans to merge with Troy Corporation, a globally oriented US player in microbial control.
Pfizer and BioNTech are expected to seek an Emergency Use Authorization (EUA) for their Covid-19-vaccine booster shot to be given to anyone 18 and older, an unnamed US official told journalists on Nov. 8, confirming a report by the newspaper Washington Post. The request could be made as early as this week, reports said.
Dutch multinational storage operator Vopak is exploring strategic options for its terminals in Australia, which it said may or may not result in a sale. The review is part of its strategy to strengthen its leading hub positions and allocate the majority of investments toward industrial, chemicals, gas and new energies infrastructures.
LyondellBasell has won two separate contracts from Chinese companies to license its PE and PP technology. In the first, Lianyungang Petrochemical, owned by Zhejiang Satellite, has chosen the company’s Hostalen Advanced Cascade Process (ACP) for a second 400,000 t/y HDPE plant to be built at Lianyungang, Jiangsu province.
In the reverse of a deal sealed 20 years ago, Novartis is selling the 33% stake it bought in Roche back to the compatriot drugmaker. The latest transaction between the two Swiss giants sees 53.3 million shares moving across Basel again for a much higher price of $20.7 billion.
Honeywell and Spanish engineering and services company Sacyr will form a joint venture to establish and operate a plastics waste recycling plant in Andalucia.
The UK has “pipped the US at the post”, as one commentator noted in typical British colloquialism on the news that the country’s health regulator MHRA has approved the Covid-19 antiviral pill molnupiravir developed by US Merck & Co together with US biotech Ridgeback Biotherapeutics.
As the UN Climate Summit COP26 wound down, tangible solutions for putting a lid on global warming and solving other climate change issues remained elusive, especially as the US turned thumbs down on European plans for a coal phase-out, which had been pushed in particular by British prime minister Boris Johnson.
Usalco, a portfolio company of investment firm H.I.G. Capital, has completed a merger with G2O Technologies, owned by private equity group Arsenal Capital Partners. The merger creates one of North America’s leading water treatment chemical companies with 27 sites across the Americas.
Nouryon has announced plans to expand capacity for its Levasil colloidal silica at its site in Green Bay, Wisconsin, USA. The expansion will meet rising demand from North America’s construction and packaging sectors. Construction on the facilityis expected to be completed in the second half of 2022.
Swiss CDMO Lonza is making major strides to expand its position in exosome manufacturing. This week it announced two new moves. In the first, it will acquire and operate a plant at Lexington, Massachusetts, US, from Codiak BioSciences. In the second, it is acquiring a service unit in Italy.
French CDMO GTP Bioways, a specialist in biotherapies and nanotherapies, is investing €12 million in two new biopharmaceutical production lines at its site in Toulouse. The first line will be dedicated to production using microbial systems (bacteria and yeast), while the second is designed for the culture of mammalian cells at a scale of 10 l.
The International Society for Pharmaceutical Engineering (ISPE) has announced Janssen Sciences Ireland as the 2021 Facility of the Year Awards (FOYA) Overall Winner.
German pharmaceuticals, chemicals and life sciences group Merck has launched new technology and a capacity expansion to advance development of antibody-drug conjugate (ADC) therapies. The initiatives, it said, underscore its continued investment in novel modalities and support efforts to double ADC and high-potent active pharmaceutical ingredient (HPAPI) capacity in the near future.
Philipp Morgenthaler will join sustainable biochemicals company Circa Group as Global Head of Manufacturing.
Following a multi-year collaboration, Japanese pharma Takeda has exercised its option to buy the UK’s GammaDelta Therapeutics for a pre-negotiated upfront sum, as well as future potential development and regulatory milestone payments. Takeda expects the acquisition to be finalized during the first quarter of its 2022 fiscal year.
As an additional means of tracing the spread of the coronavirus through the population, many countries and municipalities have begun analyzing sewage systems. In the US, the Environmental Protection Agency (EPA) has granted more than $6 million in funding to support research on existing and novel surrogates for detecting and monitoring viruses in wastewater intended for reuse applications.
Synthomer has agreed to buy Eastman Chemical’s adhesives resins business for $1 billion in a move that will position the UK chemicals company as the global leader in adhesives technologies.
South Africa's Aspen Pharmacare aims to ramp up its Covid-19 vaccine manufacturing capacity to 1.3 billion doses per year by February 2024, from 250 to 300 million doses at present, the company has said.
With a capital injection of £850 million from parent company Saudi Aramco, petrochemicals and plastics producer SABIC has unveiled plans to restart the currently idled cracker at Wilton Teesside in northeast England. The company said the investment will help to implement the Kingdom’s new global carbon neutrality strategy called Saudi Green Initiative (SGI).
Ecolab, a US provider of hygiene and infection prevention products and services, has agreed to buy Purolite, a compatriot manufacturer of ion-exchange resins, for roughly $3.7 billion. Once the deal is completed, expected in the final quarter of this year, Purolite will operate as a separate global business unit, reporting into Ecolab’s Life Sciences division.
The second part of the 2021 CPhI Annual Report looks ahead to predict the pharma manufacturing, therapeutic and technology environment in 2030.
German chemical company Wacker has acquired a 60% stake in Chinese specialty silane producer SICO Performance Material for an undisclosed sum. The transaction is expected to close in the first half of 2022 once the necessary regulatory and antitrust approvals have been received.
Ahead of the start of negotiations at the UN Climate Change Conference in Glasgow, the Solar Impulse Foundation led by clean technology pioneer Bertrand Piccard offers political and economic decision-makers 1,000+ solutions that help them meet more ambitious climate targets without compromising economic growth.
Catalent has announced a $230 million expansion project that will add three more commercial-scale viral vector manufacturing suites and associated support facilities and services to its US gene therapy campus in Harmans, Maryland. The CDMO said the investment is designed to meet growing customer demand.
Swiss drugmaker Roche has launched a genomic profiling kit that it has developed in conjunction with Foundation Medicine. The Basel-based company is supplying the kit across Europe, North America, South America and Asia.
US food and nutrition group ADM has taken an equity stake in Slovenian biotech Acies Bio. Financial terms and the size of the stake were not disclosed.
