GermanyGermany

BASF Plant Science says goodbye to Europe

17.01.2012

Ludwigshafen – BASF Plant Science GmbH, the agrochemistry and biotech arm of the world-largest chemistry company, thinks that it has outstayed its welcome in Europe. Over the next two years, most of the green biotechnology research of BASF will leave the continent. The unit will move its headquarters from Limburgerhof in Germany to the U.S. The two research sites in Gatersleben, Germany, and Svaloev, Sweden, will be closed. In Limburgerhof the staff count will fall from 157 to 11. BASF founded the agricultural center in Limburgerhof in 1914 and has 11,000 square meters of greenhouses and about 40 hectares of fields. All in all, 140 European jobs will be lost, the company said. Furthermore, the development and commercialisation of products targeted solely at European markets will be cancelled. Genetically modified potato products will no longer be developed specifically for Europe, though the unit will continue seeking regulatory approval to “maintain all options,” the company said. The company cited the resistance to plant biotechnology from the majority of consumers, farmers and politicians in Europe pulled the trigger on the European sites. The plant-science unit will concentrate on the Americas and Asia, BASF said. A lot of jobs will move to the new headquarters in Raleigh, North Carolina. The only bright spot is that BASF said it will bolster its metabolite profiling subsidiary Metanomics GmbH in Berlin and biotech unit CropDesign in Ghent, Belgium. There are plans to expand the sites modestly, and a few of the jobs lost in Limburgerhof, Gatersleben and Svaloev will migrate there.

GermanyGermany

07.03.2012

The first of February marked a milestone for Leverkusen-based Bio­frontera AG in more ways than one. It was the first day that Ameluz, the firm’s first approved product, could be sold in German pharmacies. It was also the date...

GermanyGermany

07.03.2012

Darmstadt – German pharmaceutical and chemical company Merck KGaA has set a downbeat tone for 2012. CEO Karl-Ludwig Kley said the recently launched cost-cutting programme and tough economic conditions will weigh on profits this...

GermanyGermany

05.03.2012

Mainz/Leuna – Two biotech concepts were amongst the winners of the recent third round of the Excellence Cluster initiative, which is funded by the German Ministry for Research. In Mainz the champagne corks popped especially loud...

GermanyGermany

05.03.2012

German Merck KGaA has closed a licencing agreement with US-based Threshold Pharmaceuticals Inc. The cooperation centres around the hypoxia­-activated drug TH-302, which is currently being studied in a global Phase III study....

GermanyGermany

29.02.2012

Munich – Looking back with satisfaction and bent on a prize for good behaviour, German biopharmaceutical company Wilex AG reported yesterday on the fiscal year 2011 and outlined the shores in sight. The 2011 total revenue was...

GermanyGermany

17.02.2012

Brussels – European cartilage researchers intensify their cooperation. The 'gristle network' comprises scientists from Belgium, France, Germany and Luxembourg. Its members plan to meet regularly to exchange views and information...

27.01.2012

Thousand Oaks/Munich - Bling bling for blinatumomab. It is a compliment for the European life sciences scene and sad news at the same time. Amgen Inc., the world's largest biotechnology company, agreed to buy Micromet Inc., an...

GermanyGermany

20.01.2012

Martinsried - SHELTER is responsible for the fact that the stocks of 4SC behaved like a rodeo horse on Thursday. The shares rose in several stages up to 63%, only to settle at a mere 43% rise at the end of the day. SHELTER is a...

GermanyGermany

10.01.2012

Munich - It is the accolade for Micromet. The German company, which is listed on the U.S. stock exchange, announced today that it has entered into a Cooperative Research and Development Agreement (CRADA) with the renowned US...

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