Business news – Page 69
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Business
ChemChina buys German machinery maker
Plastics and rubber equipment manufacturer KraussMaffei Group will retain German headquarters after €1bn deal
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BusinessFixing the broken antibiotics business model
With rising resistance and doomsday warnings, focus is turning to alternative economic models to boost antibiotic R&D
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Business
ThermoFisher will buy Affymetrix to expand genetic testing
Deal boosts Thermo’s position in growing genomics field as well as adding antibodies and assay technology
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BusinessNew vinyl catalyst will reduce mercury emissions
Johnson Matthey strikes gold as China’s PVC industry looks for cleaner processes
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Business
GSK’s ViiV to buy HIV drugs from BMS
Deal hands over Bristol-Myers Squibb’s entire HIV pipeline as the company looks to quit virology research
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Business
Monsanto adds 1000 to job cut tally
Cost reduction plan brings cuts up to 16% of global workforce by the end of 2018
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BusinessDuPont cuts go deep in Delaware
Following its merger with Dow, DuPont will terminate 1700 positions in Delaware, US, as part of a cost-cutting drive
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BusinessShale feeds US methanol boom
US will become a net exporter as new plants come online, with extra production absorbed by growth in China
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Business
AstraZeneca to buy Acerta for blood cancer drug
Deal will strengthen AstraZeneca’s immunotherapy offering
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Business
Mexico approves world’s first dengue vaccine
Sanofi’s vaccine protects children and adults against the mosquito-borne disease
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Business
BioAtla and Pfizer to collaborate on antibody research
Two-way agreement to share technology and royalties on new cancer drugs
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BusinessDow and DuPont mega-merger heralds break-up of giants
New firm will split itself in speciality, agrichemical and materials businesses with R&D taking a hit from cost savings
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Business
Heptares takes on new partners for drug discovery
Firm set to receive over $1bn from research partnerships
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Business
Pfizer to close Cambridge pain outpost
120 jobs under threat from closure of Neusentis subsidiary R&D site