Business news – Page 102
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Business
Brazil hits BASF with worker payout
BASF and Shell have been ordered to pay BRL1 billion (£300 million) to compensate employees for damage to their health
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Business
Bayer buys crop protection firm for $425m
Bayer has struck a deal to buy US pest control products firm AgraQuest
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Business
BMS and AstraZeneca buy Amylin for $7bn
Two pharma giants have teamed up to buy US biotech Amylin, responsible for the Byetta and Bydureon anti-diabetes brands
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Business$3bn GSK fine sets new industry record
The fine relates to off label marketing and is the largest payment of its kind ever made by a drug company
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Business
Roche rapped for side-effect reporting failure
European medicines regulator names and shames Swiss giant for not disclosing 80,000 instances of potential adverse drug reactions
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Business
Roche cuts 1000 jobs with US R&D site closure
Streamlining strategy will see oncology and virology research moved to Switzerland and Germany
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Business
US GM labelling rule quashed
The rule would have authorised state governments to enforce GM labels on food products
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BusinessIndustrial nitroglycerin made fast and safe
Continuous production with microreactors is not only safer but also ten times quicker
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Business
Nasonex patent ruling goes against Merck & Co
The court ruled that the Merck patent was valid - but Apotex won’t infringe it with its product
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Business
New US R&D site for silicones
Bluestar Silicones opens expanded site in York, South Carolina
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Business
Lundbeck to lose 600 jobs
Danish drug maker Lundbeck has said it will cut 600 jobs as it reorganises its European operations
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Business
ECHA finishes first combo review
The European Chemical Agency has looked at a group of phthalates as a combination when considering risks associated with exposure
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Business
Good signs for Merck & Co insomnia pill
Suvorexant switches off wakefulness to help patients drop off quicker and stay asleep longer
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Business
More testing needed for ridaforolimus
Marketing approval for anti-cancer drug ridaforolimus has been held up in the US
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Business
Three pronged approach puts brakes on US breast cancer
US approval for anti-HER2 therapy Perjeta (pertuzumab) against breast cancer
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Business
Pfizer to spin off animal health business
New company Zoetis should start independent trading by July 2013
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Business
Coca-Cola collaborates on bio-PET project
Global drinks giant Coca-Cola is teaming up with Ford, Heinz, Nike and Procter & Gamble to increase the use of bio-based polyethylene terephthalate
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Business
Plastics makers to win from electric cars
Demand for lightweight plastics in electric vehicles to hit $73 million by 2017