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26.11.2020 • News

Wacker CDMO Arm to Produce CureVac Vaccine

Germany’s Wacker Chemie has signed a contract to manufacture the active substance for compatriot CureVac’s Covid-19 vaccine candidate CVnCoV. Under the terms, the biotech arm of the Munich-based chemical group will ramp up GMP production of the mRNA drug substance for the candidate at its Amsterdam site in the first half of 2021.

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25.11.2020 • News

Merck Innovation Cup 2021

The Innovation Cup is an initiative for post-graduate students and young professionals in natural sciences, computer sciences, and business administration to attend a training program near Frankfurt, Germany.

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24.11.2020 • News

Court Cuts J&J Damages Payout to $120 Million

A New York state Supreme Court hearing Johnson & Johnson’s appeal of a 2019 baby powder judgment has agreed to reduce a $325 million jury award by two-thirds to $120 million. It declined to throw out the entire claim case, however, saying there was evidence to suggest the company’s talc-based powder caused the plaintiff’s mesothelioma as charged.

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24.11.2020 • News

Ineos Buys Out Sasol in Gemini JV

Ineos Olefins and Polymers USA has agreed terms to buy Sasol’s 50% stake in their Gemini joint venture for $404 million, taking full ownership. The deal is scheduled to close by year end, contingent on financing.

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24.11.2020 • News

AstraZeneca Covid Vaccine Shows 70% Efficacy

AstraZeneca’s viral vector vaccine candidate for Covid-19, AZD1222, moved back into the spotlight again this week after giving up headlines recently to the mRNA candidates of Pfizer-BioNTech and Moderna.

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23.11.2020 • News

Böhringer to Settle More Pradaxa Cases

German privately owned drugmaker Böhringer Ingelheim has reached an agreement in principle to settle nearly 3,000 US lawsuits alleging that its Pradaxa (dabigatran etexilate) anticoagulant drug caused undisclosed bleeding risks. Most of the lawsuits have been filed in the judicial district of Hartford, Connecticut.

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22.11.2020 • News

BP and Ineos Launch Hydrogen Projects

BP and Ineos have separately launched clean hydrogen projects as moves toward cutting carbon emissions and meeting the zero carbon emissions targets set by the UN and national governments.

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22.11.2020 • News

Pfizer/BioNTech File for Covid Vaccine EUA

As planned, US drugmaker Pfizer and German biotech BioNTech filed an Emergency Use Authorization (EUA) request with the US Food and Drug Administration (FDA) for their mRNA-based Covid-19 vaccine candidate BNT162b2 on Nov. 20.

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20.11.2020 • News

Recipharm and Medspray in Soft Mist Venture

Swedish CDMO Recipharm and Medspray, a Dutch manufacturer of high-tech spray nozzles, are forming a joint venture to develop soft mist spray technology for pharmaceutical applications.

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20.11.2020 • News

CordenPharma Expands non-GMP Peptides

Reacting to recent growth in European domestic demand, Luxembourg-headquartered CordenPharma is expanding capacity for non-GMP peptides at its center of excellence for peptide process development and non-GMP manufacturing in Frankfurt, Germany.

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20.11.2020 • News

Croda to Take Iberchem for €820 Million

UK specialty chemical company Croda has agreed to buy Spain’s Iberchem, marking its entry into the flavors and fragrances market. Croda will pay owner French investment group Eurazeo €820 million on a debt-free, cash-free basis.

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19.11.2020 • News

Evonik on Track with PA 12 Expansion

German specialty chemicals producer Evonik says it is on track to complete the ongoing €400 million expansion of its PA 12 portfolio as planned, despite a few logistical challenges related to the coronavirus pandemic.

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19.11.2020 • News

CureVac Seals Vaccine Supply Deal with EU

German biotech CureVac has signed a supply agreement with the European Commission to provide an initial 225 million doses of its mRNA-based Covid-19 vaccine, with an option for another 180 million doses.

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18.11.2020 • News

Achema Will not Take Place in 2021

Achema 2021 will be postponed by almost a year to the beginning of April 2022. The decision to break the 3-year cycle was made in view of the continuing uncertainty caused by the corona pandemic after intensive discussions with the community and in the Achema Committee.

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18.11.2020 • News

Croda Supplies Excipients for Pfizer’s Covid-19 Vaccine

UK specialty chemical company Croda International has agreed to supply Pfizer with novel excipients used to make the drugmaker’s Covid-19 vaccine candidate. The contract, which is for a term of five years, enables Croda to initially supply four component excipients for the first three years of the agreement.

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18.11.2020 • News

Sasol Starts LDPE Unit at Lake Charles

South African chemical group Sasol has started up the seventh and last plant at its glitch-plagued Lake Charles Chemicals Project (LCCP) in Lake Charles, Louisiana, USA. The 420,000 t/y LDPE facility, which uses ExxonMobil technology, was originally planned to start up in January 2019, but was damaged by an explosion and fire during commissioning.

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17.11.2020 • News

Grasim Sells Fertilizer Unit to Indorama

India’s Grasim Industries has agreed to sell its fertilizer business Indo Gulf Fertilisers (IGF) to Indorama India Private, a subsidiary of Singapore’s Indorama Corp., for a cash sum of about $355 million.

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17.11.2020 • News

Iktos and Merck Link on AI Drug Design

Iktos, a French company specialized in Artificial Intelligence (AI) for new drug design, has launched a collaboration with German pharmaceuticals, chemicals and life sciences group Merck.

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17.11.2020 • News

Moderna’s Covid-19 Vaccine Said 94.5% Effective

Results from the Phase 3 trial of US biotech Moderna’s mRNA-1273 Covid-19 vaccine candidate unveiled on Nov. 15 showed it to be 94.5% effective against the novel coronavirus, with few side effects.

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16.11.2020 • News

McDermott Wins Follow-up Russian Cracker Contract

US engineering contractor McDermott International has been awarded a follow-up contract for the ethane cracker complex being built by China National Chemical Engineering & Construction Corporation Seven (CC7) for the Baltic Chemical Plant (BCP) in the Russian Baltic seaport of Ust-Luga.

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13.11.2020 • News

W. R. Grace Rejects 40 North Takeover

US specialty chemical company W. R. Grace has rejected a takeover offer by shareholder 40 North Management, stating it “undervalues the company and is not a basis for further discussion.” The offer at $60 per share valued Grace at $4 billion.

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13.11.2020 • News

Pfizer-BioNTech Pledge 300 Million Vaccine Doses to EU

US drugmaker Pfizer and its German development partner BioNTech have reached a final agreement with the European Commission to supply 200 million doses of their mRNA-based Covid19 vaccine candidate to the EU’s member states at an undisclosed price.

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12.11.2020 • News

Stolt and John T. Essberger in Shipping JV

Stolt Tankers, the wholly owned subsidiary of Norway’s Stolt-Nielsen, has entered into a joint venture with Germany’s John T. Essberger Group to operate a combined fleet of chemical tankers within Europe.

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12.11.2020 • News

NextChem and IndianOil Sign Circular Economy Pact

NextChem, the green chemistry arm of Italian engineering contractor Maire Tecnimont, has signed a Memorandum of Understanding (MoU) with IndianOil to develop industrial projects using NextChem technologies.

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12.11.2020 • News

Thermo Fisher and Innoforce Plan Chinese JV

US scientific equipment manufacturer Thermo Fisher Scientific and China-based CDMO Innoforce have formed a joint venture to own and operate a new pharma services facility for integrated biologics and sterile drug development and manufacturing in Hangzhou, China. Start date for the new entity is 2022.

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11.11.2020 • News

ADNOC and ADQ Plan Chemical Projects in Abu Dhabi

Ta’ziz, a joint venture between Abu Dhabi National Oil Company (ADNOC) and compatriot holding company ADQ, will invest more than $5 billion in seven chemical anchor projects and related infrastructure within the planned Ruwais Derivatives Park in Abu Dhabi.

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