General Electric was yesterday cleared to press ahead with its €8.1
billion acquisition of UK Amersham by the US antitrust authorities,
and promptly announced a sweeping reorganisation of the business in
an attempt to boost its profit...
A number of senior executives at microfluidics and lab automation
specialist Caliper Technologies are leaving the company in a
reorganisation aimed at cutting costs and breaking even in cash
flow terms in 2005.
A new report claims that there is little future for small- to
medium-sized research-based pharmaceutical companies over the next
12 years, as they will simply not have the R&D muscle needed to
survive, says a new report from Decision...
Single sourcing, outsourcing, just-in-time delivery and a host of
other cost-saving measures adopted by the pharmaceutical and other
industries are saving money but putting firms at risk of supply
chain failure, according to a new...
Filtration and purification specialist Pall has reported a 12.5 per
cent hike in first-quarter sales to $374 million (€310m), with life
sciences putting in a strong showing, up 15.5 per cent to $152
UK firm Cobra Biomanufacturing has ended its first year as a
publicly-listed company with a healthy 137 per cent increase in
revenues to £6 million (€8.6m), helped by an expansion of its
business in the US.
Denmark-based vaccines company Bavarian Nordic is investing DK 250
million (€33.6m) in a production facility that will be the largest
of its kind in Europe, producing up to 120 million vaccine doses a
Japan's Sumitomo Chemical is absorbing its wholly-owned Sumika Fine
Chemicals subsidiary and combining it with its own activities in
this area to bolster its role as a supplier of pharmaceutical
The new agreement between BioProgress and an unnamed US
over-the-counter pharmaceuticals firm could double the UK company's
capacity to manufacture cellulose films for drug encapsulation,
according to chief executive Graham Hind.
PURE Biosciences of the USA has opted to sell off its water
treatment business, which includes the Fillmaster line used in the
pharmaceutical industry, in order to focus on its
environmentally-friendly antimicrobial products.
Germany's Bayer has received offers to buy NewCo, the newly-created
company including parts of its chemicals and polymers divisions,
but will still go ahead with plans to float it on the stock
exchange , according to the group's...
Like many life sciences companies before it, Crucell of the
Netherlands has started a major shift in strategy from a technology
platform company to one involved in in-house product development.
Could this put pressure on its well-established...
Micap, which specialises in using yeast and other organisms as
microcapsules for protecting active compounds, is set to expand its
business after extricating itself from an 'onerous' license with
Funding shortfalls and a capacity gap are threatening to hamper the
European biopharmaceutical industry's progress and could lead to a
reduction in its global market share, according to new market
Isotag and Biocode merge to form Authentix, specialising in
technologies used in the prevention of counterfeiting, adulteration
and diversion of products. Pharmaceuticals will be a key focus of
the combined entity.
Merck KGaA drops plans to build a €300m biomanufacturing plant in
Jena, Germany, on the grounds that late-stage product failures have
left plenty of free capacity in the contract sector. The company's
move suggests that the often-repeated...
Chemicals major BASF managed to post a small gain in third quarter
revenues despite the difficult operating environment affecting the
industry; chairman Hambrecht points to early signs that the sector
may have hit bottom and be ready...
Evotec OAI once again defied the difficult environment for drug
discovery technology companies with a 20 per cent hike in
nine-month revenues to €56.7 million. Growth was driven by the
firm's ultra high-throughput screening collaboration...
The long-awaited break-up of Germany's Bayer has finally come to
pass with the decision to float the group's chemicals business on
the stock exchange within the next 18 months. But will this be the
end of the story for the...
Franco-German drugmaker Aventis has confirmed that it is seeking to
delay the divestment of its stake in the loss-making chemicals
major Rhodia, on the grounds that this willwreak havoc on the
latter's restructuring drive.