Company Dynamic
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AbbVie Acquires Nimble, Accelerating the Development of Oral Peptide Therapies
2024-12-24Oral medications are increasingly favored by long-term treatment patients due to their convenience. Current oral medications include PDE4 inhibitor apremilast, TYK2 allosteric inhibitor deucravacitinib, and JAK inhibitor upadacitinib. Moreover, numerous m
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Novo Nordisk Announces 68-Week Weight Loss Data from REDEFINE 1 Clinical Trial
2024-12-24Recently, Novo Nordisk announced the efficacy and safety data from its semaglutide and Cagrilintide combination therapy in the weight loss domain from the Phase III clinical trial REDEFINE 1.
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Cangzhou Bohai New Area Invests 175 Million Yuan to Build 50,000 Tons Polyurea Project
2024-12-24It has been learned that Cangzhou Bohai New Area High Cohesion Energy Chemical Co., Ltd. plans to invest 175 million yuan to initiate a new project for an annual output of 50,000 tons of polyurea (i.e., high-end polyurethane and its auxiliary materials).
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Mitsubishi Chemical Group Expands Synthetic Silicon Powder Production Capacity
2024-12-24Mitsubishi Chemical Group (MCG Group) has decided to expand the production capacity of "Mitsubishi Synthetic Silicon", a synthetic silicon powder used in semiconductor manufacturing processes.
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Comprehensive material upgrade! SABIC launches LNP ELCRES CXL polycarbonate copolymer resin
2024-12-24Saudi Basic Industries Corporation (SABIC), a global leader in the chemical industry, has launched new LNP ELCRES CXL polycarbonate (PC) copolymer resins with excellent chemical resistance.
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BASF sells food and health functional ingredients business to Louis Dreyfus Company
2024-12-24BASF has signed a binding agreement to sell its food and health functional ingredients business, including the production site in Illertissen, Germany, to Dutch agricultural product trader and processor Louis Dreyfus Company (LDC).
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Jinxing Pharmaceuticals Partners with Sanofi for Exclusive Collaboration, Accelerating Aficamten’s Entry into Chinese Market
2024-12-20On December 20, Jinxing Pharmaceuticals and Sanofi officially announced a collaboration agreement, granting Sanofi exclusive rights to develop and commercialize aficamten in the Greater China region. The transaction is expected to be completed within 2024
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Novo Nordisk's Expansion Triggers Labor Competition in Denmark: 32,000 Employees Increase by 75%
2024-12-20In recent years, the rapid expansion of Danish pharmaceutical giant Novo Nordisk has not only driven national economic growth but also sparked intense labor competition. As of September this year, Novo Nordisk has reached approximately 32,000 employees in
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ADNOC Completes Acquisition of 91.3% Stake in Covestro, Transaction Valued at €12.87 Billion
2024-12-20On December 19, ADNOC InternationaGermany Holding AG (referred to as the “acquirer”) announced that following the end of the additionaacceptance period on December 16, 2024, it has successfully completed a voluntary public takeover offer, holding 91.3% of
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Anti-Dumping Investigation on PP Homopolymer Launches in 9 Countries
2024-12-20On December 4, 2024, relevant authorities officially announced the decision to initiate an anti-dumping investigation on PP homopolymer (PP Homopolymer). The products involved in this investigation include polypropylene, in forms such as granules, pellets
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Puig and Charlotte Tilbury extend strategic partnership
2024-12-20Puig and entrepreneur Charlotte Tilbury have announced the extension of their strategic partnership in the founder’s eponymous beauty brand until the end of 2030.
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Clariant achieves 100% PFAS-free additive portfolio
2024-12-20Clariant has reached an important milestone by becoming the first company in the industry to launch a completely PFAS PFAS-free additive product portfolio.
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Eastman, Covestro and Ceres team up for holographic transparent displays
2024-12-19German polymer materials manufacturer Covestro, U.S. specialty materials company Eastman and Scotland-based Ceres Holographics, a supplier of holographic optical components for displays, have joined forces to redefine such displays.
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Westlake Innovations Invests to Advance Universal Matter’s Graphene Technology
2024-12-19Westlake Innovations, a subsidiary of Westlake Corporation, announced that it has invested in Universal Matter.
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Merck Submits BLA for RSV Prevention Drug, Aiming to Reduce Hospitalization Rate by Over 80%
2024-12-19Merck & Co. (MSD) announced today that the U.S. Food and Drug Administration (FDA) has accepted its Biologics License Application (BLA), aimed at protecting infants during their first respiratory syncytial virus (RSV) season from RSV disease. The applicat
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Clariant Expands Second Production Line at Cangzhou Base Focused on Nylostab S-EED Production
2024-12-19Following the establishment of its first additive production base in Cangzhou, Hebei Province, Clariant plans to expand the base with a second production line, focusing on the production of the multifunctional additive Nylostab S-EED.
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Evonik Launches Largest Restructuring Plan in History, Cutting 7,000 Employees
2024-12-19Evonik operates four main business divisions: Specialty Additives, Nutrition and Care, Smart Materials, and Functional Materials. However, the company announced that in the new organizational structure, it will focus on developing “Customized Solutions” a
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IMCD acquires Chinese food ingredient distributor Daoqin
2024-12-19IMCD, a leading global manufacturer/distributor of specialty chemicals and ingredients, announced that it has signed an agreement to acquire China Daoqin Biotech (Shanghai) Co., Ltd.
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IMCD to acquire YCAM Life Sciences business in South Korea, expanding its presence in beauty and personal care markets
2024-12-19IMCD NV, a leading global distribution and formulation partner for specialty chemicals and ingredients, has signed an agreement to acquire the personal care and pharmaceutical business of YCAM Corporation, a South Korea-based distributor.
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Covestro Appoints Monique Buch as New Chief Commercial Officer
2024-12-18Covestro is pleased to announce that Monique Buch (50) has been appointed as the company's new Chief Commercial Officer (CCO). This appointment has been unanimously approved by Covestro's Supervisory Board, and Buch will officially take over the position
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