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.
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.
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.
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.
Shell and plastics recycling company Nexus Fuels have entered into a supply agreement for pyrolysis liquid made from plastic waste.
Dutch clinical-stage drug firm Lead Pharma has entered into a collaboration and license agreement with Swiss pharma giant Roche to develop oral small molecules for a broad range of immune-mediated diseases.
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.
French industrial gases group Air Liquide has announced its intention to build two biomethane units in Italy.
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.
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.
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.
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.
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.
The biotech industry in Italy is vital and is showing a constant growth, report by Assobiotec and ENEA documents.
Lummus Technology has formed a digital joint venture with TCG Digital, the flagship technology consulting and solutions company of US investment firm The Chatterjee Group.
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.
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.
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.
Elementis has rejected a takeover bid from US specialty minerals firm Minerals Technologies Inc (MTI).
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.
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.
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.
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.
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.
Belgian biopharma UCB has announced two moves that will boost its gene therapy capabilities.
Huntsman has agreed to sell its India-based Do-it-Yourself (DIY) consumer adhesives business, part of its Advanced Materials division, to Mumbai-based Pidilite Industries.
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.
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.
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.
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.
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.
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.
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.
Johnson & Johnson is mulling whether to appeal a major financial setback in its ongoing talc baby powder litigation to the US Supreme Court.
Swiss CDMO Lonza has inaugurated the first of two planned state-of-the-art, highly-potent API (HPAPI) suites for antibody-drug conjugate (ADC) drug-linker (payload) manufacturing at its site in Visp, Switzerland. The new facility can handle compounds with occupational exposure levels down to 1ng/m3.
