Johnson Matthey reported sales fell 2% to £138m in H1 for its fine chemicals while operating profit rose 14% to £37.2m. Of this, sales in Matthey's API manufacturing business fell 3% to £99m.
Johnson Matthey
Wednesday, 21 November 2012
Matthey fine chems perform well in H1
Tuesday, 20 November 2012
EFCG calls for mandatory inspections
The European Fine Chemicals Group (EFCG) has proposed global harmonisation of the rules and regulations governing the manufacture of active APIs. The trade group wants to level the worldwide playing field and ensure the quality of APIs and the medicines containing them. EFCG has proposed mandatory inspections for all global API manufacturers through a mutual recognition agreement (MRA) approach managed by national regulatory authorities to share scarce inspection resources and to avoid duplication of effort.
Pharmaceutical Technology
Wednesday, 14 November 2012
Nitto Denko Avecia to acquire Girindus contract manufacturing business
Nitto Denko Avecia will acquire Girindus America's oligonucleotide and small molecule API contract manufacturing business. Nitto Denko Avecia said the acquisition will allow it to offer customers an expanded range of manufacturing capabilities, as well as a second manufacturing facility for security of supply.
Nitto Denko Avecia
Pharma sales flat for DSM
DSM's pharma business reported net sales growth of 1%. However the company said the results were adversely impacted by an uneven delivery pattern at DSM Pharmaceutical Products and by lower margins at DSM Sinochem Pharmaceutical, despite higher volumes. DSM also said it expected business conditions in pharma to remain challenging for the remainder of the year.
DSM
Wednesday, 7 November 2012
Mixed sales performance at AMRI
AMRI reported a 20% fall in sales to $7.4m for Q3 2012 for its development and small scale manufacturing business. The company reported a 14% rise in sales t $9.3m for large scale manufacturing.
AMRI
Monday, 5 November 2012
Lonza to cut jobs at Visp
Lonza will cut 400 jobs at its Visp, Switzerland, site and another 100 in global support functions. The company said that its Q3 2012 performance was on-track and reported steady demand resulting in capacity utilisation as expected in both its chemical and biological custom manufacturing.
Business Week