ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

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.

ENJOY UNLIMITED ACCES TO C&EN

Business

Business Roundup

November 24, 2008 | APPEARED IN VOLUME 86, ISSUE 47

SunEthanol has raised $25 million in a financing round that includes BP and Soros Fund Management. The firm is also changing its name to Qteros. Founded on research by Susan Leschine, a University of Massachusetts, Amherst, microbiology professor, Qteros is developing a microbe that converts cellulose into ethanol.

Air Products & Chemicals and Alberta Energy Research Institute will study a carbon dioxide capture technology developed by Air Products that the partners say could cut the cost of CO2 capture by 25%. The technology involves separating hydrogen sulfide and CO2 from hydrogen in gasification projects.

Bayer MaterialScience is forming a joint venture with Canada-based Ultimate Holographic Reproductions to commercialize high-quality, true-color holographic images. Bayer will supply color-sensitive photopolymers for the mass replication of master holograms produced by UHR.

Archemix and NitroMed will merge in an all-stock transaction that will leave former Archemix stockholders owning about 70% of the combined company. Archemix develops synthetically derived olignucleotides. The combined company will have $50 million to $60 million in cash.

Merck Serono will pay roughly $1.4 million to Galapagos in exchange for providing compounds for the former's drug discovery programs. In a separate agreement, Galapagos will extend a previous collaboration in which it performs medicinal chemistry services for an undisclosed Merck Serono drug discovery program.

Neurogen has raised $3 million by selling its chemical library to an unnamed pharmaceutical company. The Branford, Conn., firm, which is developing small-molecule drugs for psychiatric and neurological disorders, also sold four of its five buildings for $6 million.

Midatech, a British company specializing in biocompatible nanoparticles, has formed PharMida, a new company in Basel, Switzerland, supported by private Swiss investors. PharMida will focus on developing clinically validated gold nanoparticle-drug combinations.

Solvias, a Swiss contract chemistry firm, is working with Canada's Patheon to provide integrated development services to pharmaceutical and biotech companies. The alliance combines Solvias' expertise in solid-state chemistry and preformulation with Patheon's capabilities in formulation and dosage-form manufacturing.

Advertisement
X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment