Company Dynamic
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Mitsubishi Chemical Launches Biomass-Based Polycarbonate Diol BENEBiOL
2024-10-22Mitsubishi Chemical Group has developed a biomass-based polycarbonate diol, called BENEBiOL, with a higher biomass content.
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Gilead Sciences Withdraws Trodelvy; Bladder Cancer Treatment Failure Results in $21 Billion Investment Down the Drain
2024-10-21Following a disappointing confirmatory clinical trial, Gilead Sciences has officially decided to withdraw its product Trodelvy from the bladder cancer treatment market in the United States. The decision was announced Friday by the California-based biotech
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Obesity Action Coalition Partners with Eli Lilly to Expose Shocking Weight Bias in Healthcare and Media
2024-10-21Since 2021, the Obesity Action Coalition (OAC) has led a national public awareness campaign to combat weight bias and end the lifelong stigma that people with obesity suffer in multiple areas, including health care, employment, education and media coverag
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PPG Industries Announces Major Layoffs of 1,800 Workers and Factory Closures, Expected to Save $175 Million in Costs
2024-10-21PPG Industries, the world's leading paint and coatings manufacturer, has announced that it will lay off a total of 1,800 employees in the United States and Europe and close some facilities as part of the company's cost reduction strategy.
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Mitsubishi Chemical to expand its OPL film production capacity in Japan
2024-10-21Mitsubishi Chemical Group (MCG Group) announced on October 17 that it plans to significantly expand its production capacity for OPL film.
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IMCD Acquires Blumos Group in Latin America
2024-10-21IMCD, a leading global distributor of specialty chemicals and ingredients, has signed an agreement to acquire 100% of the Blumos Group.
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BASF expands its natural emulsifier range with Emulgade Verde
2024-10-21BASF’s Personal Care division has announced the expansion of its natural emulsifier portfolio with two new ingredients: Emulgade Verde 10 OL and Emulgade Verde 10 MS.
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Röhm expands PMMA production capacity
2024-10-21Röhm is convinced that plexiglas molding compounds will remain an indispensable material for numerous industries in the future, offering ideal solutions for new requirements and trends.
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LyondellBasell Completes Acquisition of Plastics Recycling Company APK
2024-10-21LyondellBasell (LYB) announced that it has become the full owner of APK in Merseburg, Germany, which will be fully integrated as part of LyondellBasell.
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Sanofi Considers Selling Stake in Opella, 50% Deal Shakes Market!
2024-10-18French pharmaceutical giant Sanofi has announced that it is in advanced talks with prominent US investment firm Clayton Dubilier & Rice (CD&R) to explore the possible sale of a 50% controlling stake in its consumer healthcare business Opella.
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Merck's New Therapy Only Reduces Infant RSV Infections by 60.4%, Hospitalization Rate Decline of 84.2% Raises Safety Concerns
2024-10-18Merck announced Thursday that its investigational antibody treatment, clesrovimab, demonstrated a 60.4 percent effectiveness in reducing infections associated with a specific type of respiratory syncytial virus (RSV) in infants.
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BASF Secures €310 Million Funding to Build World’s Largest Industrial Heat Pump Project, Reducing Greenhouse Gas Emissions by 98%!
2024-10-18BASF, based in Ludwigshafen, Germany, has officially received funding approval from the German Federal Ministry for Economic Affairs and Climate Action to promote the construction of the world's most powerful industrial heat pump project.
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Evonik Announces Major Restructuring: 260-Person Pharmaceutical Facility to Close, Layoffs Expected!
2024-10-18Evonik, the German specialty chemicals giant, officially announced on October 11 that its coatings and adhesive resins business and healthcare business will undergo major restructuring.
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PPG sells architectural coatings business in the United States and Canada
2024-10-18PPG, a global leader in paints, coatings and specialty materials, announced on the 18th that it has reached a definitive agreement to sell 100% of its architectural coatings business in the United States and Canada to industrial investor AIP.
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Stahl Opens State-of-the-Art Polyurethane Dispersion (PUD) Production Facility in Singapore
2024-10-18Stahl has announced the opening of a new state-of-the-art plant in Singapore to produce polyurethane dispersions (PUDs). This strategic expansion is designed to better meet the growing demand in Asia and the South Pacific.
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Sekisui Chemical files patent infringement lawsuit against Kuraray over PVB interlayer products
2024-10-18Sekisui Chemical High Performance Plastics has filed a lawsuit against Kuraray Europe GmbH, a subsidiary of Kuraray Co., Ltd., for infringement of its European patents at the 1st District Court of Munich, Germany.
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German Institute Partners with Henkel to Develop New Adhesive
2024-10-17Leibniz Institute for Catalysis Research (LIKAT) and Henkel have worked together to develop an innovative bio-based adhesive whose production is based on the desticking technology of carbohydrates and vegetable oils.
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Clariant's MegaMax 800 Catalyst: 10% Efficiency Boost in Industrial Methanol Production
2024-10-17On October 16, 2024, Clariant, a specialty chemicals company focused on sustainability, announced a remarkable achievement.
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GSK's New Drug Gepotidacin Could Be the First Antibiotic for Urinary Tract Infections in 20 Years
2024-10-17On October 16, 2024, global pharmaceutical company GSK announced that the US Food and Drug Administration (FDA) has officially accepted their New Drug marketing application (NDA) for Gepotidacin and granted the drug priority review.
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Merck Lowers Growth Expectations in China Market, Concerns Arise Over Drug Development Setbacks
2024-10-17German tech giant Merck has revised its medium-term growth targets for its life sciences and healthcare businesses, anticipating improved growth prospects in the Chinese market.
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