Market Flash

According to the latest data from the Crop Protection Federation of India (CCFI), the share of generic pesticides in the global pesticide market has reached a record high, accounting for 93% of the market share

• CCFI
• pesticides
• herbicides

On July 11, 2024, the European Food Safety Authority (EFSA) issued a formal opinion on the safety evaluation of the food enzyme phenol 2-oxidoreductase (EC 1.10.3.2) for use in the production of nine food items.

According to the formal statement issued by the European Food Safety Authority (EFSA), the agency conducted a peer review on the preliminary risk assessment of the pesticide active substance lenacil on July 5, 2024.

On July 5, 2024, the European Food Safety Authority (EFSA) issued an official opinion on the safety evaluation of the food enzyme triacylglycerol lipase.

On July 4, 2024, the European Food Safety Authority (EFSA) issued an official opinion on the safety evaluation of the food enzyme bacillolysin (EC 3.4.24.28).

On July 4, 2024, the European Food Safety Authority (EFSA) issued an opinion on the safety evaluation of the food enzyme β-glucosidase.

The food enzyme subtilisin, classified under EC 3.4.21.62, is derived from the non-genetically modified Bacillus paralicheniformis strain AP-01, produced by Nagase (Europa) GmbH.

The FEEDAP Panel has issued a renewed assessment on the safety and efficacy of sodium ferrocyanide and potassium ferrocyanide when utilized as technological feed additives for all animal species.

On July 12, 2024, Huadong Medicine Co., Ltd., through its wholly-owned subsidiary Hangzhou Zhongmei Huadong Pharmaceutical Co., Ltd. and Suzhou Aussino Biotech Co., Ltd. announced that the two parties have reached a consensus.

The key evaluation endpoint of this Phase II, single-arm study on the efficacy and safety of sravanti in EGFR-mutant and MET-overexpressing and/or MET-amplified locally advanced or metastatic NSCLC patients progressing.

Kodiak, a leading supplier of specialty chemicals to the steel, automotive, energy and aerospace industries, further strengthens its market position with the acquisition of Southern Adhesives and Coatings.

• Kodiak
• Southern Adhesives and Coatings

West Lane Capital Partners has acquired Beauty Bakerie. Terms of the transaction were not disclosed.

• West Lane Capital Partners
• Beauty Bakerie

Coval Technologies has announced the launch of Coval Matting Agent, which can be added to the gloss finish of Coval paints to create a satin or matte effect.

• Coval Technologies
• Coval Matting Agent

Product registration situation and future trend of Lime sulfur in China

• lime
• sulfur
• fungicides
• inorganic

July 11th, a serious incident involving a health supplement containing red yeast from the Kobayashi Pharmaceutical Company has drawn widespread attention.

On July 11, 2024, the Canadian Department of Health officially issued Notifications PMRL2024-14 and PMRL2024-15, marking significant actions by the Pest Management Regulatory Agency (PMRA) in the field of food safety.

On July 11, 2024, the Canadian Ministry of Health issued Regulation M-FAA-24-07, amending the national food regulations to further expand the use of artificial sweeteners.

Against the backdrop of growing global concerns over food safety, the European Union's Rapid Alert System for Food and Feed (RASFF) issued a concerning notification on July 11, 2024.

Hillevax's market capitalization has declined to $1,000,000, primarily due to the company's disclosure that its bivalent norovirus vaccine (HIL-218) failed to meet the primary endpoint for preventing acute gastroenteritis.

In the 2023 fiscal year, HilleVax's investment in research and development (R&D) increased significantly to $106.7 million, up from $45.9 million in the previous year.