If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.



Business Roundup

September 10, 2007 | A version of this story appeared in Volume 85, Issue 37

Rohm and Haas will take an after-tax restructuring charge of $15 million against third-quarter earnings. The charge covers a cut of 200 jobs, closure of a digital imaging business, moving R&D jobs outside North America, and other actions expected to yield $15 million in cost savings by 2008.

DuPont has acquired Process Dynamics' IsoTherming technology, used to reduce sulfur in motor fuels. The technology will be integrated into DuPont Clean Technologies, a group of businesses that includes other clean fuel, water, and air programs.

DSM's corporate venturing unit has invested $2.7 million in Jurilab, a Finnish company that specializes in the discovery of gene-disease associations and their application to health care. This is DSM's third equity investment in personalized nutrition, following investments in Sciona and Integragen.

Olin has completed the $416 million purchase of chlorine and caustic soda maker Pioneer, making it North America's third-largest chlor-alkali producer. Rockwood, meanwhile, has completed its $140 million acquisition of Elementis' color pigments and paint drier business in North America, Europe, and China.

Covance has opened a $2 million nutritional chemistry lab in Singapore to test the safety of food exported by Asian companies to the U.S. According to the New Jersey-based firm, such companies have been sending samples to the U.S. for analysis.

Nicholas Piramal's board has approved a plan to separate its drug discovery business from its traditional businesses in branded drugs and custom manufacturing. The Indian company says the discovery business has a longer time horizon and requires a tolerance for high risk.

Bayer will delist from the New York Stock Exchange by the end of this month or early next month. One of a growing roster of European companies delisting from U.S. stock exchanges, Bayer says the move will save it $20 million per year.

Lectus Therapeutics, a Cambridge, England, drug discovery firm that specializes in ion channel modulators, has received $6 million from the Wellcome Trust. The investment will fund a program to identify selective potassium channel modulator drug candidates for the treatment of multiple sclerosis.



This article has been sent to the following recipient:

Chemistry matters. Join us to get the news you need.