Market Flash

After previous rejections, Astellas reached a milestone to celebrate over the weekend when its new stomach cancer treatment, Vyloy (zolbetuximab), received its first approval from the U.S. Food and Drug Administration (FDA).

Last year, Novo Nordisk's new hemophilia treatment Concizumab won approval from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) after being rejected by the US Food and Drug Administration (FDA). Meanwhile, PTC Therape

Petroquimica Rio Tercero has decided to close its toluene diisocyanate (TDI) production facility in Cordoba, Argentina, in view of the global oversupply situation, a company spokesperson has officially confirmed. Originally designed to have an annual prod

Given the significant increase in global awareness of hygiene and the continued growth in demand for anti-infection control in several industries such as healthcare, food and beverage, and construction, the overall size of the global antibacterial coating

On October 18, leading automotive parts manufacturer Toyoda Gosei announced plans to significantly expand its rubber recycling capacity.

• Toyoda Gosei

According to the latest information from the Official Journal of the European Union, on October 18, 2024, the European Commission officially published regulation (EU) 2024/2694.

U.S. Food and Drug Administration (FDA) officially notified that Gorilla Mind LLC has voluntarily recalled a total of 1,348 bottles of dietary supplements that may present a risk of Salmonella contamination, according to Food Safety News Network.

The Czech government has officially identified the pharmaceutical industry as a strategic industry in a move aimed at reducing dependence on non-EU imports, strengthening the national health system and preventing potential drug shortages.

Data released by the National Bureau of Statistics on Friday revealed that China's coal industry showed positive development in September after safety inspections carried out earlier this year.

China’s S’Young Group has become the new owner of luxury, science-forward brand RéVive Skincare, with the conglomerate acquiring the US skincare company from Tengram Capital Partners.

• S’Young
• RéVive Skincare

Bigbloc Construction Limited is venturing into the production of construction chemicals including block joint mortars, ready-mixed plasters, tile adhesives, etc.

• Bigbloc Construction

According to multiple media reports, Petro Rabigh has signed a memorandum of understanding with China's Jiahua Chemicals to explore the establishment of a specialty chemicals manufacturing plant in Rabigh.

• Petro Rabigh
• Jiahua Chemicals

The European Union's ban on a chemical called Triton™X-100 has already had a profound impact on the biopharmaceutical manufacturing industry worldwide.

As of October 11, 2024, the reference price range of 24-degree palm oil at ports in East China was 8,990 to 9,000 yuan/ton, up 3.57% compared with last week and up 11.96% compared with last month.

On October 16, 2024, the European Food Safety Authority (EFSA) officially published a safety assessment report on triacylglycerol lipase.

On October 15, 2024, the Ministry of Health of Thailand officially issued consultation document No. 454, which aims to introduce a series of important amendments to the existing Natural mineral water food law.

Celanese Corporation, a global specialty materials and chemicals company, announced the opening of its Micromax Electronic Ink and Pastes Lab in Shenzhen, China.

• Celanese

India's position as the world's third largest producer and core supplier of generic drugs plays a pivotal role in the global pharmaceutical sector and brings significant economic benefits to global healthcare systems, particularly in the United States.

On October 16, 2024, the Ministry of Food and Drug Safety (MFDS) officially issued a notice No. 2024-473, announcing a series of important amendments to the "Health Functional Food Related Law Implementation Rules".

Mowi, the world's largest salmon producer, recently reported its production results. Data shows that the company achieved significant year-on-year growth in salmon production during the year, with a specific increase of 19%.