Wednesday, 27 January 2010
Albemarle fine chemicals sales decline
Sales for Albemarle's Fine Chemicals segment were down 10% - to $146m - in Q4 2009 compared to 2008. The company has seen fine chemicals sales and profitability steadily increase over the past three quarters. Mark Rohr, Albemarle's Chairman, President and CEO, said the company was looking at a number of bolt-on acquisitions to continue growth, primarily in its fine chemicals business.
Seeking Alpha
Monday, 25 January 2010
Merck builds pharma salts plant
Merck KGaA has started construction work on a pharmaceutical inorganic salts manufacturing plant in Darmstadt, Germany. The €30m investment will add 50% to the company's current capacity and is expected to be online in mid-2011.
Merck
Thursday, 21 January 2010
Wednesday, 20 January 2010
German grant for downstream processing research
A German research consortium including Rentschler Biotechnology and Boehinger Ingelheim has received €3.2m to develop a pioneering scalable purification method that could cut the cost of downstream protein processing by up to 90%.
Euro Biotech News
Monday, 18 January 2010
Dishman to build four API plants
Dishman plans to build four new API plants, two of which are due to be operational by March 2011 and two by 2012. Dishman will invest $27.4m on the expansion, the majority of which will be from the previously announced fundraising. J R Vyas, Dishman's managing director, said the new plants will increase capacity 400m3.
Economic Times
Lonza closes API plant
Lonza will close its API manufacturing facility at Riverside, PA. Production will be moved to Lonza's other facilities in Europe and China. The closure will affect 175 employees and cost €94.5m.
In-Pharma Technologist
Wednesday, 6 January 2010
Dishman seeks 20% growth in CRAMS
Dishman is expecting growth of about 20% for its CRAMS segment in the next year according to cfo V V S Murthy. He put this down to easing of inventory rationalisation by big pharma and increasing outsourcing to India.
DNA India
26 drugs approved in 2009
The FDA approved 26 new drugs in 2009 - just one more than in 2008. Of these seven were biologics and 19 small molecules according to analysts at Washington Analysis.
Wall Street Journal