Market Flash

In a recent development, imported coconut sugar has been found to contain excessive levels of sulphur dioxide. This concerning discovery was reported by the Taiwan Food and Drug Administration.

In a recent update, the Japanese Ministry of Health, Labour, and Welfare has issued an alert regarding the export of noncompliant food products from China.

The year 2023 proved to be a defining period for China's innovation pharmaceutical industry, marked by remarkable achievements and valuable insights.

Incyte and CMS Pharmaceutical Holdings have entered into a strategic collaboration and licensing agreement for the development and commercialization of an oral JAK1 inhibitor in China and Southeast Asia.

Artificial intraocular lenses (IOLs) have emerged as a groundbreaking solution for several vision-related conditions, including cataracts, glaucoma, and refractive errors.

IndianOil and Panasonic Energy, a unit of Panasonic Group, have signed a binding term sheet to formulate a framework for forming a joint venture to produce cylindrical lithium-ion batteries in India

• IndianOil
• Panasonic Energy

The Mexican government has announced that a ban on Glyphosate-containing herbicides, which was due to be implemented at the end of this month, will be delayed until an alternative is found to maintain its agricultural production.

• Glyphosate
• herbicides
• Mexican

The field of AI pharmaceuticals has reached a significant milestone with the emergence of the first profitable company.

In a recent development, it has come to light that Magnum Classic Ice Cream, a popular brand, is being urgently recalled due to suspected contamination with metal fragments.

The European Union's Rapid Alert System for Food and Feed (RASFF) has recently issued notifications regarding food safety concerns related to Chinese food and related products.

In a recent development, it has been reported that wild yam exports from China have been found to contain excessive levels of chlorate, raising concerns about food safety.

In March 2024, severainstances of non-compliance were reported regarding Chinese food exports to South Korea.

Peace Out Skincare's new Foaming Acne Gel Cleanser is the brand's first product and contains 2% salicylic acid, maltobionic acid, ceramide complex and vitamin E.

• Peace Out Skincare
• Acne Gel Cleanser

Lotte Chemical has developed an innovative translucent PP compound solution that will change the automotive design paradigm.

• Lotte chemical
• PP compound

UK regulatory and microbiological testing body MSL Solution Providers has established a US company to strengthen market support.

• MSL
• MSL Regulatory Solutions Inc.
• MoCRA

Data released by the National Bureau of Statistics of China on March 27 showed that from January to February, industrial enterprises above designated size across China achieved a total profit of 914.06 billion yuan, a year-on-year increase of 10.

• chemical raw materials
• china market trend

Global high-performance silicones and specialty solutions company Momentive Performance Materials Group is expected to be fully acquired by its majority shareholder KCC Corporation, leading to the exit of minority shareholder SJL Partners.

• Momentive
• Momentive Performance Materials Group
• KCC group

allnex and Palmer Holland have entered into an exclusive partnership. Palmer Holland will become the exclusive North American distributor of the allnex PC range of defoamers.

• Allnex
• Palmer Holland

In a significant development for the field of dermatology, Hengrui Pharmaceuticals has received implicit approval for clinical trials of their groundbreaking class 1 drug, SHR-1139 injection, targeting psoriasis, a chronic inflammatory skin disease.

The field of Antibody-Drug Conjugates (ADCs) is experiencing an unprecedented surge in growth, positioning itself as a high-growth market with immense potential.