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Ebro take 70% stake in Bertagni

January 19, 2018

Following its strategy to become a worldwide reference in premium food, Ebro Foods, S.A., through its 100% subsidiary Panzani, S.A.S., and Pastificio Lucio Garofalo SpA, has reached a binding agreement for the purchase of a majority shareholding (70%) in the Italian company Bertagni 1882 SpA…

Inositec names ex-Roche, Novartis staffer as CMO

January 19, 2018

Inositec has named former Roche and Novartis staffer Frits van Alphen, M.D., as its CMO. Van Alphen joins Inositec as the biotech gears up to move its lead vascular calcification candidate into the clinic next year. Zurich, Switzerland-based Inositec hired van Alphen away from Roche,..

Chemical industry in bid to harness Germany’s green power overload

January 19, 2018

Evonik has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that would normally require oil, harnessing erratic flows of wind and solar power in the country. The maker of clear acrylic sheet, rubber chemicals and feed additives,..

Largest Ablynx investor would consider improved Novo Nordisk bid

January 19, 2018

The largest shareholder in Belgian biotech group Ablynx regards the 2.6 billion euro ($3.2 billion) offer made by Denmark’s Novo Nordisk as too low but would be willing to consider a higher figure. Van Herk Investments, which owns about 10.2 percent of Ablynx, said it..