Market Flash

The U.S. Centers for Disease Control and Prevention (CDC) continues to respond to a multi-state outbreak of the H5N1 avian influenza virus in the United States that poses a serious public health challenge for dairy cows, poultry and other animals.

Dublin, Ireland and Aragon, MI - August 8, 2024 - Perrigo Company plc announced that it is voluntarily recalling certain lots of three store-brand premium infant formula, totaling 16,500 cans, as a precautionary measure.

As understanding of Alzheimer's disease and mild cognitive impairment deepens, and the concept of early diagnosis and treatment becomes widespread, the demand for cognitive impairment rehabilitation devices is expected to continue growing.

As Eli Lilly's (LLY.US) weight-loss drug Zepbound and Novo Nordisk's (NVO.US) Wegovy engage in a fierce competition in the US market, the most pressing and effective strategy currently focuses on resolving supply chain bottlenecks.

LG Chem has developed an eco-friendly flame-retardant material that resists burning. The company announced that its PFAS-free flame-retardant PC/ABS material made from recycled plastics has achieved a V-0 rating in UL 94.

• LG chem

In recent times, multiple US chemical companies have taken on a pessimistic outlook for the economic recovery in the second half of the year, and are instead relying on their own strategies to bolster profitability.

Avon Products Inc. (API), a U.S.-based non-operating holding company for the Avon beauty brand, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to address its debts and legacy talc liabilities.

• Avon

For many years, BYK has been actively driving extensive research efforts to replace its per- and polyfluoroalkyl substances (PFAS) with more environmentally friendly alternatives.

• BYK

Crown Laboratories, Inc. and Revance Therapeutics, Inc. are set to merge into a $924 million business.

• Crown Laboratories
• Revance

Sika has more than doubled the production capacity of its largest manufacturing plant in Indonesia, Bekasi. Located near the capital Jakarta, the Bekasi plant specializes in the production of mortars such as tile adhesives and caulking agents, as well as

• Sika

As a start-up founded only four years ago, SHINEYOMEDICAL has made remarkable achievements in the field of cardiac electrophysiology and peripheral vascular intervention.

In recent years, the study of NMN (nicotinamide mononucleotide) has attracted wide attention, and its potential role in regulating heart health has been gradually revealed.

With the continuous advancement of consistency evaluation, in July, Epistine hydrochloride capsule, an important variety, successfully passed the evaluation, which marks a new breakthrough in the consistency evaluation process of Chinese generic drugs.

For details, please refer to the table below (* indicates the lower detection limit), and the public comment period is scheduled to close on October 1, 2024.

Updated the annex to Regulation (EU) 2017/2470. The regulation will enter into force 20 days after its publication in the Official Journal of the European Union.

With the improvement of market demand, the average capacity utilization rate of China's disposable nitrile glove manufacturing industry has shown a steady upward trend.

On August 7, 2023, GlaxoSmithKline (GSK.US) Singapore announced that the Health Sciences Authority of Singapore (HSA) has approved a new indication for Jemperli (dostarlimab).

TIVDAK is the first cervical cancer ADC drug approved by the U.S. Food and Drug Administration (FDA).

Recursion, a US-based biotech company, announced that it will acquire British pharmaceutical technology company Exscientia in an all-stock transaction.

• Recursion
• Exscientia

On July 30, the Polish Council of Ministers adopted amendments to the national feed regulations, postponing the country's ban on the use of GM feed to January 1, 2030.

• Poland
• feed