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LyondellBasell to Acquire German Plastic Recycler APK
In a move to grow and upgrade its circular and low carbon solutions business, chemical producer LyondellBasell is to acquire full ownership of plastic recycler APK in Merseburg, Germany. Closing of the transaction is subject to customary closing conditions. Financial details of the deal have not been disclosed.
Dren Bio, Novartis to Develop Bispecific Cancer Antibodies
US biopharmaceutical company Dren Bio, a developer of novel antibody therapeutics, has entered into a collaboration with Novartis Pharma, a subsidiary of Novartis. The collaboration will focus on the discovery and development of therapeutic bispecific antibodies for cancer using Dren Bio’s proprietary targeted myeloid engager and phagocytosis platform.
Wacker Breaks Ground on Czech Silicone Specialties Production Facility
German chemical company Wacker Chemie has broken ground for its new production site in Karlovy Vary, Czech Republic. Wacker plans to produce room-temperature-curing high-performance silicones there from the end of 2025 and high-consistency silicone rubbers from 2028.
Wacker Buys Manufacturing Assets and Know-how of Bio Med Sciences
In a move to expand its expertise and business in silicone-coated healthcare products, Germany’s Wacker Chemie has acquired the manufacturing assets and know-how of US-based Bio Med Sciences. As part of the acquisition, a majority of Bio Med Sciences’ workforce will also move to Wacker, the company said. Financial details of the transaction were not disclosed.