Chemical industry – Page 96
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Business
Rockwood to pay C$720m for lithium firm
The chemical group has struck a deal to buy Talison, an Australian lithium producer with headquarters in Perth.
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Business
Merck KGaA buys cell culture company
Biochrom makes cell culture media and buffer solutions
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Business
Alzheimer's drug flops in Phase III
Solanezumab from Eli Lilly missed the cognitive and functional primary endpoints of the trials
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Business
Flight fuelled by plastic waste
Liquid fuel made entirely from plastic waste will power a single engine plane from from London to Sydney
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Business
Generic Actos approved
Mylan, Ranbaxy and Teva have won US marketing approval for their generic versions of Actos diabetes tablets
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Business
BASF parts with paints
German and French parts of subsidiary Relius sold to wholesaler Prosol
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Business
Pfizer to pay $250m for Nexium
AstraZeneca has sold rights to an over the counter version of its heartburn tablets
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Business
Elan spins off drug discovery
The new company will be called Neotope Biosciences and focus on chronic degenerative diseases
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Business
DSM to cut 1000 jobs
Netherlands speciality chemical company will reduce its headcount by 1000 over the next 18 months
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Business
DSM buys into cattle supplements
The company has struck a EUR465 million deal to acquire Tortuga
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Business
Bapineuzunab dropped
Development for the Alzheimer’s treatment stopped after clinical tests
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BusinessIrish pharma exports tumble
Seven of the top 10 drugs going off patent between 2011 and 2014 are produced in Ireland
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Business
Pfizer secures Sandwich buyer
The R&D site in Sandwich, UK, has been bought by a private consortium
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Business
Monsanto wins $1bn in patent case
Monsanto had claimed that DuPont infringed its patents covering glyphosate pesticide products
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Business
New cystic fibrosis drug in EU
Ivacaftor works by helping defective proteins function more normally
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Business
China to investigate polysilicon imports
An ongoing international row over the market for solar panels is spilling over into the supply chain
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Business
AkzoNobel sells ICI Pakistan
Yunus Brothers will pay $150 million for the recently restructured business
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Business
New US chemical rules edge nearer
Chemical manufacturers would have to produce safety data for their products
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Business
Drugs top EU counterfeit imports
In 2011, medicines topped the list of fake products entering the EU