Company Dynamic

On November 9th, Chengyi Biotechnology announced a exclusive licensing agreement with AstraZeneca for their GLP-1 receptor agonist ECC5004, worth over $2 billion USD.

• AstraZeneca

With no hope of economic recovery, European chemical giants began to cut investments and close factories.

• uropean chemical industry

Since 2012, Humira has been the cash cow for AbbVie, generating over $200 billion in revenue. However, the expiration of its patents has left a massive hole that is difficult to fill.

• AbbVie

On November 7th, Gilead Sciences released its financial report for the third quarter of 2023 on its official website. The data revealed that the total sales for the quarter were nearly $7.1 billion, roughly in line with the same period last year.

• Gilead

The ingredient's preservative boosting properties stem from its hydrotrope property, which increases the preservative solubility in formulations and decreases the water activity, thereby boosting the performance of the preservatives, per the company.

• cosmetics companies
• cosmetics ingredients

Brenntag Specialties debuted Natrajel hydrogels for sexual wellness at California SCC Supplier’s Day. The line offers a personal lubricant, intimate wash and soothing serum formulas to align with Clean Beauty and Sexual Wellness trends.

• Brenntag
• cosmetics companies
• cosmetics ingredients
• Specialty Polymers

Dow and Evonik announce the successful start-up and operation of a pioneering hydrogen peroxide to propylene glycol (HPPG) pilot plant at Evonik’s site in Hanau, Germany.

• cosmetics companies
• cosmetics ingredients
• Hydrogen Peroxide
• Propylene Glycol

AkzoNobel will launch a revolutionary initiative in November to reduce the collective carbon footprint of the vehicle repair industry.

• AkzoNobel
• vehicle repair
• carbon reduction

AMVAC, through its wholly owned subsidiary AMVAC Chemical Corporation, announced the expansion of its North American partnership with NewLeaf Symbiotics into key global markets.

• AMVAC
• biologics
• Pesticide

Recently, Syngenta launched the selective herbicide ELUMIS during the Argentinean Weed Congress 2023, combined with the active ingredients Mesotrione + Nicosulfuron, which can control broad-leaved and gramineous weeds

• Nicosulfuron
• Mesotrione
• GESAPRIM

On November 6, Gansu Shengjinyuan Biotechnology Co., LTD. 's annual output of 7,600 tons of pesticide technical project environmental impact assessment document technical assessment acceptance was publicized on the relevant website.

• pesticide
• Thiamethoxam
• Clothianidin

Vivify Specialty Ingredients, owner of New Jersey-based Sandream Specialties (acquired 2018), has acquired California-based Access Ingredients, a specialist in specialty surfactants and active ingredients for skin and hair care applications.

• cosmetics ingredients
• cosmetics companies

As a regular exhibitor at the annual in-cosmetics Asia trade show held in Thailand, a global specialty chemical company Clariant returns this year with a brand new concept based on Thai beauty by offering solutions leveraging natural ingredients.

• in-cosmetics Asia 2023
• Skin care
• cosmetics ingredients
• cosmetics companies

Wanhua Chemical announced that it plans to acquire part of the equity of Tongling Chemical, and Wanhua Chemical plans to split the Tongling Chemical after holding

• wanhua chemical
• Tongling Chemical

Huafon Group and Covestro signed a letter of intent for strategic cooperation to actively explore and expand the application of low-carbon raw materials in products and jointly promote the development of circular economy.

• Huafon group
• Covestro

Lanxess announced a reduction in its profit target for 2023. At the same time, it announced that the company has launched a plan to sell the polyurethane system business unit.

• Lanxess
• Polyurethane

Recently, Corteva announced a collaboration with Alveo Technologies to expand the application of real-time Molecular Techniques to the field of agricultural disease diagnosis.

• Corteva
• Alveo
• Molecular

A major focus of UPL's work in Brazil next year will be the expansion of the Bioplanta plant, which it acquired last year from Hunan Dakang Agriculture & Food.

• UPL
• Bioplanta
• agrochemical

Sumitomo recently launched Rapidicil, a new herbicide with the active ingredient Epyrifenacil, during the Argentinean Weed Congress 2023, as the first product to take this active ingredient into the Argentine market.

• Sumitomo
• Rapidicil
• Epyrifenacil

The domestic chemical industry in China experienced a downward trend in October, which had a significant impact on the prices of key raw materials used in the coatings industry.

• downward trend