Sanofi-Aventis has completed the acquisitions of a 50 % stake in animal health firm Merial from joint venture partner Merck & Co. for $4.0 billion in a deal that will be earnings enhancing from the first year. Merial will report to Hanspeter Spek, Sanofi said.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
