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    1. News & Notes

    Pharma News: Samsung BioLogics plans IPO worth up to $2.6B

    April 28, 2016

    Samsung Group is planning to list its subsidiary Samsung BioLogics on South Korea’s main stock exchange later this year.

    Processing Staff
    andresr/iStock
    andresr/iStock

    Samsung BioLogics plans IPO worth up to $2.6B

    The IPO for one of the world’s largest manufacturers of biologic drugs could be worth as much as $2.6 billion. Samsung Group is planning to list its subsidiary Samsung BioLogics on South Korea’s main stock exchange later this year.

    Through the IPO, Samsung BioLogics aims to secure funds for investments and research into technology innovation. The exact timing and size of the listing have not yet been determined.

    Research firm Evaluate Pharma has predicted that the global biopharmaceutical industry will grow to almost $278 billion by 2020, expanding at an annual rate of more than 8 percent on average, driven by an aging population and the development of medical technology.

    Study reveals market potential for pharmaceutical hemp

    A pharmaceutical derived from industrial hemp, non-psychotropic Cannabinoid CBD, has strong market potential, according to a recent study.

    In the European Union industrial hemp grew from a cultivation area of 8,000 hectacres in 2011 to 25,000 hectacres in 2015, due to demand from food, nutritional supplement industries and pharmaceutical sectors. According to the "Market Study on Cannabidiol (CBD)," 87.5 percent identify the potential for growth as CBD’s biggest strength in Europe and North America.

    If it were to be used as medicine for chronic diseases, Cannabinoid has a minimum market penetration potential of €24 million and upper potential of €2 billion in Europe. Even that minimum potential would put it on a level with over-the-counter medicine such as valerian

    New catalyst for fine chemical synthesis to be commercialized

    A new technology for synthesis of fine chemicals will be commercialized to serve the pharmaceutical industry. GreenCentre Canada and Chiral Technologies Inc., a enantioselective chromatography company, will jointly release it. Unlike catalysts in the fine chemical industry that often result in excess waste and a lack of reusability, the metal-based catalyst is physically attached to a solid support in the new "flow" reaction system.

    Originally invented by Professor Steve Bergens at the University of Alberta, the technology allows expensive, metal-based catalysts to be attached for use in flow reactor systems. Recent results from industrially sponsored projects have demonstrated a high level of catalyst activity and reuse, making the system attractive for the manufacture of pharmaceutical compounds.

    Continue Reading

    Shift operations optimized by Bayer at its Switzerland plant with AI-empowered software from eschbach

    Huntsman launches technology portal to foster innovation, manufacturing-driven collaborations

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    MG America and Romaco North America announce strategic alliance in North American manufacturing equipment marketplace

    The two suppliers will combine sales, field service and support teams to offer complementary processing and packaging machinery.

    Yokogawa and FPT Software ink global partnership to advance DX solution offerings

    The partnership will help accelerate the growth of Yokogawa's DX portfolio of applications and services while helping FPT Software expand its market reach. The agreement is in...

    Efficient pressure compensation improves weighing accuracy in loss-in-weight feeders

    Electronic pressure compensation systems are more effective and reliable than traditional mechanical systems.

    In Processing Ep. 4: Dust collection basics for powder and bulk solid applications

    Jacques Kregting, a senior application engineer for RoboVent, writes about how dust collection solutions must be tailored to the characteristics of the dust, the requirements ...

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