Chemical industry – Page 84
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BusinessRussian sanctions hurt chemical industry
Equipment imports and modernisation hampered by extra administrative burden
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Business
Labcorp to buy Covance and enter contract research
Firm wants to diversify away from diagnostics, but law firm investigation suggests investors are unconvinced of the deal’s value
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Lanxess to cut 1000 jobs over two years
Agrium also cutting 500 positions and divesting underperforming business segments
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Perrigo to buy Omega Pharma for €3.6bn
Deal strengthens Perrigo’s over-the-counter portfolio and pushes strongly into Europe
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Business
Chinese buyer resurrects US Boehringer plant
UniTao will take over manufacturing site scheduled for closure, saving over 200 jobs
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BusinessCHF3bn redevelopment for Roche’s Basel site
New buildings will move employees out of rented office space
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Business
Platform to expand in agrochemicals by buying Arysta
Business will be integrated with previous acquisitions for a broad crop protection portfolio
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Business
Judge slashes fines in drug safety case
Takeda and Eli Lilly’s $9 billion damages in diabetes trial reduced to $38 million
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FeatureFrom oil to chemicals
After decades of exporting oil, Saudi Arabia is looking to increase its capacity to produce chemicals. Emma Davies reports
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Business
EU warns DuPont and Honeywell over green refrigerants
Commission thinks cooperation may have been anti-competitive
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Business
Amgen stacks up additional job cuts
Up to 1100 more staff face redundancy in ongoing restructuring plan
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BusinessIneos bets big on shale
UK profit-sharing plan and transatlantic ethane shipping contracts show company’s commitment to a fracking future
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Agilent to exit NMR
Closure of loss-making ex-Varian business gives users investment dilemma
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Business
Amgen seeks injunction to protect patents
Sanofi and Regeneron sued over cholesterol-regulating antibodies
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BusinessEPA takes steps to prevent herbicide resistance in weeds
US Agency approves spray for resistant engineered crops, but with restrictions and time limit
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Business
AbbVie backs out of Shire deal
Treasury rule changes make inversion ‘too uncertain’ and remove financial benefits
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BusinessIndian manufacturers hit back over quality claims
Study showing drugs exported to Africa are substandard prompts backlash from generic drugmakers
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BusinessBio-based chemicals on the rise in US
Government predicts 10% of chemicals market will be renewable by 2015
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Business
Endo outbids QLT for Auxilium merger
Biotech backs out of Canadian deal in favour of increased $2.6bn bid from Endo
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Business
Actavis boosts antibiotics with Durata buyout
$820 million deal gives Actavis control of newly-approved intravenous antibiotic