Market Flash

On June 26th, 2024, the South Korean Ministry of Food and Drug Safety (MFDS) officially issued Announcement No. 2024-308, announcing plans to make important modifications to parts of the Food Additive Codex.

On June 25, 2024, Taiwan's Food and Drug Administration (FDA) released a highly anticipated list of non-compliant food products at the border.

In a prominent position in the recent Official Journal of the European Union, we noticed a remarkable announcement.

In today's rapidly advancing technology, genetically modified (GM) technology has been increasingly garnering global attention and application.

This decision will undoubtedly have a far-reaching impact on the global animal feed industry and demonstrates the EU's firm commitment to promoting animal health and welfare.

On November 9, 2023, a historically significant day, fruquintinib was officially approved by the U.S. Food and Drug Administration (FDA), making it successfully available in the U.S. market.

On June 24, 2024, FORSUNPHARMA announced a major strategic move in its official announcement, planning to privatize its core innovative assets - Henlius - through an absorption and merger.

Semaglutide, the active ingredient in Novo Nordisk's Wegovy®, is a GLP-1 receptor agonist that works by binding to and activating the GLP-1 receptor, thereby exerting its effects in the treatment of obesity.

Huhtamaki and 2M Group companies announce first multi-year supply agreement to deploy Xampla’s plastic-free Morro™ coating polymer to replace traditional barrier coatings in a variety of takeaway boxes.

• Huhtamaki
• 2M Group
• Xampla

allnex announced a major milestone in its sustainability journey with the achievement of ISCC PLUS certification for all seven of its production sites, covering all its major technologies.

• allnex
• ISCC plus

In the current extreme climate environment, the hot and humid weather not only brings many inconveniences to people's daily lives, but also poses potential health risks to those who are taking medications.

In recent years, with growing public interest in health and weight management, the market acceptance of new weight loss drugs such as Ozempic, Wegovy, and Mounjaro has been steadily increasing.

In recent years, the treatment of primary biliary cholangitis (PBC) has seen remarkable progress, with the continuous introduction of new drugs bringing good news to PBC patients worldwide.

According to the latest report from FoodPartner.com on June 25, 2024, Vietnamese canned tuna exports to the U.S. market are experiencing a significant growth period.

According to the information, this batch of fried powder was produced by the Indonesian company PT. PonDAN PANGAN MAKMUR and imported by the Taiwanese company Fudong Limited.

The European Union has approved the use of endo-1,4-β-mannanase produced by the thermophilic fungus Myceliophthora as a feed additive for fattening poultry and ornamental birds.

The European Union's Rapid Alert System for Food and Feed (RASFF) recently reported a concerning issue: the Netherlands has notified the system of a batch of peanuts imported from the United States that exceeded the maximum limit for aflatoxin B1.

Skylar Clean Beauty has launched its newest summer fragrance, Citrus Reverie. The fragrance is part of the brand’s “Endless Summer” campaign, offering fragrance lovers a scent that evokes summer and can be enjoyed year-round.

• Skylar Clean Beauty
• Citrus Reverie
• fragrance

Advanced Polymer Coatings has launched TriFLEX, a new exterior coating system for the rail industry. Developed in partnership with global leaders in chemistry and major railcar operators, TriFLEX features APC’s newly developed Triple Resin Technology.

• Advanced Polymer Coatings
• TriFLEX

On June 18, 2024, the European Commission officially issued a landmark regulation - Regulation (EU) 2024/1685.