Page 157 - CW E-Magazine (24-12-2024)

News from Abroad

concurrently, revolutionising the pace “We are excited to integrate our age,” added Dr. Felix Wong, co-founder
of our research for the benefit of all proprietary technology platform with and CEO of Integrated Biosciences.
our brands, amongst them our flagship, LVMH Recherche’s scientific pro- Under the terms of the agreement, Inte-
Maison Parfums Christian Dior. By grammes, leveraging our ability to con- grated Biosciences is eligible to receive
combining our skin research expertise trol biological stress responses to deve- payments based on the achievement of
with their AI and aging research, we are lop novel, targeted bioactive molecules. certain near-term discovery, develop-
taking a decisive step in understanding Our combined efforts have the potential ment, and commercial milestones.
and molecularly addressing age-related to unlock biologically functional pro- Financial terms of the collaboration
cellular pathways.” ducts that could transform how people were not disclosed.

Brenntag engages Malaysian contract manufacturer
to drive nutraceutical expansion

Brenntag, the German chemicals dent, Pharma APAC, Brenntag Special-
and ingredients distributor, has engaged ties, said, “Our collaboration with
Malaysia-based Esprit Care as the offi- Esprit Care is part of our global pharma
cial contract manufacturer to support its strategy. This partnership is a valuable
pharmaceutical and nutraceutical mar- addition to our value chain, comple-
ket expansion in Southeast Asia. menting our Pharma Innovation and
Application Centre in Singapore, where
Esprit Care, a leading contract we craft formulations to support our
manufacturing organisation (CMO), production of premixes and finished customers. Together, we strengthen our
specialises in health supplement ingre- products. customers’ go-to-market strategy and
dients, products, marketing, and cus- ensure the successful launch of their
tomised manufacturing, including the Mr. Romain Girard, Regional Presi- products.”
CPHI organiser expecting strong CDMO growth in 2025

Informa Markets, the organiser of into significant growth for the industry in exhibitors. The event’s success is widely
CPHI branded pharma trade shows glob- 2025, with contract services firms well used as a proxy for overall growth in global
ally, is expecting enhanced participation placed to pick up returning biotech and big pharma in the year ahead.
from the contract services sector for its pharma project spend,” he added.
flagship event next year in Frankfurt. Next year’s edition will be held at
CPHI Milan hosted in Milan in the Messe Frankfurt (October 28-30) in
“We had a tremendously successful October 2024 saw a record attendance of Germany – one of ‘the hearts of pharma’
event with record numbers of exhibitors 59,000 pharma executives and over 2,800 manufacturing in Europe.
and attendees in Milan this year. Based on
the strong demand we have seen, we are Perstorp buys Oman OQ’s Dutch assets
already planning an additional contract
services hall at our next event in Frankfurt Swedish speciality chemicals firm, Dutch company’s ester production assets
to meet growing market needs,” informed Perstorp, a wholly-owned subsidiary of in the Netherlands, related technology
Mr. Adam Andersen, Executive Vice Presi Malaysia’s Petronas Chemicals Group and employees. OQ Chemicals said the
dent, Pharma at Informa. Berhad (PCG), has announced that Per- move is part of a strategic realignment to
storp Holding AB has acquired 100% of optimise operational efficiency and drive
“The consistent feedback we received the shares of OQ Chemicals Nederland growth in core business areas. It said it
from attendees indicates a robust rise in B.V. from OQ Chemicals GmbH. OQ will continue to serve and further grow its
partnership interest and deal values, with Chemicals is part of OQ, the Oman functional fluids, lubricants and cosmetic
new supply chain partners emerging across government owned integrated energy ingredients business from its ester plants
the industry. This level of partnering enga- company. The deal provides Perstorp with in Oberhausen, Germany, and Nanjing,
gement is expected to transfer through full ownership and control over all of the China.

Chemical Weekly December 24, 2024 157

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