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EU votes to ban neonicotinoids

EU member states have voted to impose a near- total ban on neonicotinoid insecticides – the most widely used class of insecticides in the world – across the region. The ban will cover all crops grown outdoors, but growers will still be free to use them in greenhouses across the EU.

Takeda and Shire settle on US$62 billion deal

After months of discussions, Japan’s Takeda Pharmaceutical Company has reached an agreement to acquire Shire for US$62 billion (see SCM, May, p.20). The acquisition is expected to create a global, R&D-driven biopharmaceutical leader headquartered in Japan and better position Takeda to deliver highly-innovative medicines and transformative care globally. The transaction is expected to close in the first half of 2019.

CPhI: Science fiction and innovation

This year’s InformEx/CPhI North America event was buzzing, with thousands of attendees and over 25 high-profile speakers in a conference programme focused on the latest drug development innovations and manufacturing technologies.

The future of medicines and advances made so far were hot topics at this year’s event, held in Philadelphia on the 24-26 April.

AkzoNobel to sell speciality chemicals business for €10 billion

Paints, coatings and speciality chemicals multinational AkzoNobel has announced the sale of its entire speciality chemicals business to The Carlyle Group and Singaporean investment fund GIC for €10.1 billion (US$12.3 billion). The sale is expected to be complete by the end of the year.

In a press release, the company said a private sale would be in the best interests of AkzoNobel and its stakeholders. The Carlyle Group has a global presence and the financial capacity to enable the speciality chemicals business to achieve its full potential.

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