Market Flash

Kanion Pharmaceutical, a leading player in the pharmaceutical industry, has recently released its financial report for the year 2023.

In recent developments, significant advancements have been made in the field of Claudin 18.2 Antibody-Drug Conjugates (ADCs), marking a breakthrough in the treatment of gastric cancer.

Shell has awarded Worley a professional services contract. Under the contract, Worley will provide detailed engineering, procurement and construction management support services, including the integration of related assets such as offshore wind, pipelines

• Shell
• Worley
• Hydrogen facility

In 2023, Hempel achieved historic organic revenue growth of 13.7%, with revenue reaching €2.351 billion, an increase of €192 million compared to 2022.

• Hempel

The European Union (EU) has recently conducted an evaluation on the safety and effectiveness of methyl salinomycin as a feed additive for fattening chickens.

European Food Safety Authority (EFSA) conducted an assessment of fumonisin esterase, produced by Saccharomyces cerevisiae NCAIM (P) Y001485, as a feed additive for all pig species.

The European Union (EU) has recently announced the implementation of import tariffs on specific varieties of rice with shells, effective from March 7, 2024.

Brazil's National Health Surveillance Agency (ANVISA) recently published the "2020-2021 Processed Food Sodium Content Monitoring Report."

U.S. independent laboratory Valisure detected benzene in products from Estée Lauder's Clinique, Target's Up & Up and Reckitt Benckiser's Clearasil.

• Clinique
• Clearasil

The Ordinary has expanded its retinoid range to serve consumers looking for advanced alternatives. Retinal 0.2% Lotion is the skincare brand's latest innovation, designed to improve fine lines, skin tone, texture and radiance after two weeks.

• The ordinary
• retinoid

Recently, 3% Cyhalothrin CS products were approved for expansion of registration.

• Cyhalothrin
• Avermectin
• Spinosad

Arya Chem, a chemical solutions provider, announced a partnership with DCL, a world-renowned manufacturer of color pigments, to become the exclusive distributor of DCL's premium color pigments in Canada.

• Arya Chem
• DCL
• pigments

DIC announced that two of its subsidiaries in India, DIC South Asia Private Limited in Mumbai and IDEAL CHEMI PLAST in Bhadrapur, have jointly established the DIC South Asia Private Limited Applications Lab.

• DIC

BioAktive's Lactoryzol, with its INCI name Lactobacillus/Rice Ferment and Lactobacillus Ferment and Butylene Glycol and 1,2-Hexanediol Hydroxyacetophenone, is a microbial plant-based postbiotic active for sensitive skin.

• BioAktive
• Lactoryzol

Schwan Cosmetics is launching a new color and care strategy focused on bringing to market skin care products containing popular care ingredients that provide scientifically proven benefits to makeup users.

• Schwan Cosmetics
• Power Up Your Pout

In a recent announcement, the Australian Pesticides and Veterinary Medicines Authority (APVMA) has proposed the revision of maximum residue limits (MRLs) for agricultural and veterinary chemicals used in Australia.

Brazil's Ministry of Agriculture, Livestock, and Supply recently issued Resolution SDA/MAPA No. 1023 through a government bulletin, outlining the product characteristics and quality standards.

Japan's Ministry of Health, Labour and Welfare recently announced significant revisions to the standards governing food and food additives.

As we step into the year 2024, the winds of innovation continue to shape the landscape of the pharmaceutical industry.

In a surprising turn of events, Novo Nordisk recently announced the favorable results of the FLOW3 clinical trial for semaglutide, a drug used in the treatment of chronic kidney disease (CKD).