Market Flash

On January 8th, Alphabet's AI pharmaceutical arm, IsomorphicLabs, made headlines by announcing two groundbreaking drug-discovery deals, worth a staggering $3 billion, with industry giants Eli Lilly and Novartis.

• Alphabet
• Eli Lilly

The recent attacks on commercial ships in the Red Sea by Iran-backed Houthi rebels have thrown global supply chains into disarray.

• houthi

Recently, Shimane Shimadzu, the manufacturing subsidiary of Japan's Shimadzu Corporation in Shimane Prefecture, held an opening ceremony for a new building.

• Shimadzu Corporation

On January 8, 2024, KBR announced that a consortium consisting of Lotte Chemical, KNOC (Korea National Oil Corporation) and Samsung Engineering has selected its K-GreeN® technology for Lotte Chemical’s H2biscus green ammonia project in Sarawak, Malaysia.

• Lotte Chemical
• KNOC
• Samsung
• KBR

According to Chemanager news on January 5, 2024, Arcadium Lithium announced the completion of the all-stock merger of equals between Allkem and Livent.

• Arcadium Lithium
• Allkem
• Livent

On December 28, 2023, Suyan Pesticide's 10% Fufenozide SC was approved for expansion of registration.

• Fufenozide
• Pesticide
• SC

Recently, Aekyung Chemical, a subsidiary of South Korea's Aekyung Holdings, which is engaged in the chemicals business, announced that the company has acquired VPCHEM, a subsidiary of LG Chem that produces and sells plasticizers in Vietnam.

• Aekyung chemical
• VPCHEM

On January 3, 2024, the European Commission issued Regulation (EU) 2024/20, which discontinues the approval of the active substance S-metolachlor.

• S-metolachlor

On December 29, 2023, the Canadian Food Inspection Agency (CFIA) issued a public notice regarding food safety testing.

• CFIA

As the pharmaceutical industry evolves, patents play a crucial role in protecting the exclusivity of innovative drugs.

• blockbuster drugs

Healthcare dealmakers are gathering in San Francisco for the highly anticipated four-day JPMorgan Healthcare Conference, signaling a potential surge in biotech company takeovers.

• JPMorgan

Middle East Pharmaceutical Industries Company, also known as Avalon Pharma, has announced its plans to go public through an initial public offering (IPO) on the Main Market of the Saudi Exchange.

• IPO

A concerning outbreak of Salmonella infections has caught the attention of the CDC, and it's linked to specific charcuterie meats.

• Salmonella

In an ongoing investigation into a recent recall of cinnamon applesauce pouches, the FDA has made a startling discovery: high levels of another harmful element, chromium.

• cinnamon applesauce pouches

Shell has agreed to sell its 37.5% stake in the PCK Schwedt refinery, one of Germany's largest crude processing sites, to London-based independent energy company Prax Group.  

• Shell
• PCK Schwedt refinery
• Prax group

Cadello's new factory in Zhaoqing City, Guangdong Province is scheduled to be officially put into use in May 2024.

• Cadello

Greenkote®, a leading international developer and supplier of anti-corrosion coatings, has announced that it will form a joint venture with Belgian coatings company Duroc NV. The new partnership will make Greenkote® coatings capabilities available directl

• Greenkote®
• Durco

Recently, Invest Shanghai reported: At present, the third phase expansion project of INVISTA Polymers is progressing smoothly, with the construction progress reaching more than 90%. It is in the final stage and is planned to be put into trial production i

• INVISTA
• nylon 66

The EU officially decided that S-metolachlor is officially banned!

• S-metolachlor
• EU
• herbicide

The pharmaceutical excipients market is experiencing significant growth and is projected to continue expanding in the coming years.

• pharmaceutical excipients