Market Flash

Recently, the Official Journal of the European Union published a noteworthy message. According to this message, the European Commission formally adopted Regulation (EU) 2024/1786 on June 28, 2024.

The U.S. Department of Commerce (DOC) has recently officially confirmed in the Federal Register its preliminary anti-dumping duty rates on Ecuadorian exporters, which remain unchanged from the previous rates, neither increased nor decreased.

On June 26th, three major events in the pharmaceutical industry caused a profound impact both within and outside the sector.

In the global pharmaceutical market, especially in the field of treatment for diabetes and obesity, GLP-1 (glucagon-like peptide-1) drugs are becoming a dominant force thanks to their remarkable efficacy and safety.

After being rejected by the US Food and Drug Administration (FDA) over a year ago, the world's leading biopharmaceutical company AbbVie did not give up, but instead tried to launch a revolutionary Parkinson's disease drug, ABBV-951.

In a recent and impactful tweet, U.S. Senator Bernie Sanders (I-Vt.) has harshly criticized the pricing strategy of the highly-watched diabetes drug Ozempic and its manufacturer, Novo Nordisk A/S.

Florida-based APC Packaging has launched a new “ecoready” all-polypropylene (PP) refillable skin care jar.

• APC Packaging
• PP

OQ Chemicals' Bay City, Texas site has received the International Sustainability and Carbon Certification (ISCC) Plus.

• OQ Chemical

In August 2022, fresh Kenyan avocados embarked on their journey to China, marking the formal launch of Kenyan fresh avocado exports to China.

On June 26, 2024, Canada's Health Ministry issued a serious notice, PMRL2024-13, announcing the Pest Management Regulatory Agency's (PMRA) proposed revisions to the maximum residue limits (MRLs) for the pesticide abamectin in various food commodities.

On June 11, 2024, A company applied for 6% Ascorbic acid solubilized product (mass concentration 62 g/L) approved by the Ministry of Agriculture and Rural Affairs and officially registered in China.

• Ascorbic
• acid
• Aq
• pesticide

SINOPEP's main source of revenue is its series of products, namely active pharmaceutical ingredients (APIs).

Batoclimab (HBM9161), as a fully human monoclonal antibody, works by blocking the interaction between FcRn and IgG, thereby accelerating the clearance of pathogenic IgG, providing an effective treatment for autoimmune diseases mediated by pathogenic IgG.

According to official documents released by the U.S. Securities and Exchange Commission (SEC), the pharmaceutical company Amylyx, headquartered in Cambridge, Massachusetts, successfully completed a transaction with Eiger last Friday.

The need to avoid future major illnesses is widespread, and the potential audience for cancer early screening theoretically covers almost the entire population.

Sulwhasoo has announced two new products to join its Ultimate S collection – Ultimate S Concentrated Water and Ultimate S Concentrated Emulsion.

• Sulwhasoo
• Ultimate S

Impact Coatings and Shandong Boyuan New Energy Technology Development Co., Ltd. (Boyuan) have jointly signed a non-binding letter of intent.

• Shandong Boyuan New Energy Technology
• Impact Coating

Sto Corp., a leader in cladding, air barriers, coatings and repair systems, has opened a new manufacturing facility in Moncipio de Dalina, Victoria, Nuevo León.

• Sto

QUALICOAT is a global organization based in Zurich, Switzerland, specializing in quality certification and dedicated to maintaining the quality of coatings, paints and coatings for aluminum and its alloys used in architectural applications.

• WEG
• QUALICOAT

Japan's Shin-Etsu Chemical will acquire all shares of Mimasu Semiconductor Industry for $430.9 million, increasing its stake from the current 43.87% to 100%. Bidding began on June 21 and the acquisition is expected to be completed before August 5.

• Shin Etsu Chemical
• Mimasu Semiconductor