Market Flash

The U.S. executive order targeting prescription drug price reductions by 30-80% is unlikely to significantly affect Indian pharmaceutical exports, according to Crisil Ratings.

Glenmark, in partnership with Ichnos Sciences, has announced promising results for its innovative trispecific antibody drug ISB 2001, designed to treat relapsed or refractory multiple myeloma (RRMM).

The use of Wegovy, a weight-loss drug by Novo Nordisk, increased by 50% among U.S. adolescents last year, according to Truveta's analysis of 1.3 million patient records.

Sika and Sulzer have signed a memorandum of understanding to establish a joint venture to jointly promote plastic recycling in the construction industry.

• Sika
• Sulzer

A groundbreaking study by Yangzhou University has introduced an eco-friendly solution that could revolutionize fertilizer use while tackling one of agriculture’s most pressing issues—microplastic pollution from traditional polymer-coated fertilizers.

On May 30, Mitsui Chemicals revealed plans to spin off its Basic and Green Materials (B&GM) business unit by 2027, a strategic move aimed at transforming its petrochemical-heavy portfolio and accelerating a shift toward sustainable chemistry.

Biosense Webster, a Johnson & Johnson subsidiary, has been ordered to pay $147 million in damages to Innovative Health, following a major antitrust verdict in the U.S. District Court for Central California.

Zhuhai Medpha Bioscience has officially completed registration of its medical-grade PHA microsphere material under China’s CMDE master file system (Filing No. M2025155-000), marking a breakthrough for domestic bio-based medical materials.

On May 29, industry sources revealed that Wanhua Chemical will raise the price of both polymeric and pure MDI by $100/ton in Southeast Asia starting June 1.

Saudi Aramco said in a statement released on May 29 that it has cut its official selling prices for propane and butane for June 2025.

• Saudi Aramco
• propane
• butane

A seismic shift in the global economic landscape is underway. On May 27, the inaugural China–ASEAN–GCC Summit was held in Kuala Lumpur, marking a historic milestone as these three blocs officially convened together for the first time.

In a decisive move, the European Union has adopted Decision (EU) 2025/868, approving the addition of six high-risk chemicals to Annex A of the Stockholm Convention on Persistent Organic Pollutants (POPs).

On May 29, 2025, global energy and industrial services leader TAQA announced that Khalid Nouh will step down as CEO effective May 31, closing a six-year chapter of strategic transformation and international expansion.

On May 27, 2025, Louis Dreyfus Company (LDC) marked a significant step in its Asia-Pacific expansion with the official launch of two major facilities in Lampung, Indonesia—a glycerin refining plant and a new edible oil packaging line.

On May 27, 2025, Avient introduced its latest innovation: Colorant Chromatics™ PVDF Processing Additive, a breakthrough designed to enhance the melt processing of polyvinylidene fluoride (PVDF) resins.

In a significant policy shift, U.S. Health Secretary Robert F. Kennedy Jr. announced that COVID-19 vaccines are no longer recommended for healthy children and pregnant women.

The company’s adjusted profit before exceptional items and tax declined to ₹1.67 billion ($19.6 million), impacted by intense competition and pricing pressures in its key North American and European markets.

On May 14, 2025, the European Food Safety Authority (EFSA) issued a positive opinion on the food enzyme leucyl aminopeptidase, produced by the non-GMO strain AE-MB of Aspergillus and intended for use in seven different food manufacturing applications.

On May 19, 2025, the European Food Safety Authority (EFSA) released its latest opinion on the safety of the food enzyme 4-α-glucanotransferase, which is produced using a genetically modified strain of Bacillus amyloliquefaciens (MAS).

On May 19, 2025, the European Food Safety Authority (EFSA) published its latest safety assessment concerning a food enzyme—4-α-glucanotransferase—produced by a genetically modified strain of Bacillus subtilis.