Business News

Cephalon, Inc. has signed an agreement to acquire Mepha AG and its subsidiaries for $590 million.

The privately-held, Swiss-based Mepha is focused on innovative dosage formulations for both generic and branded products.The acquisition doubles the size of Cephalon’s international business and provides a platform to launch current and future products in developed and emerging markets.

Mepha manufactures and markets more than 120 products in 50 countries and has a pipeline of approximately 50 chemical entities planned for launch during the next five years.

[Contract Pharma]

Ford invests $155 million in fuel-efficient engines

Ford Motor Co. announced on Feb. 26 that it is investing $155 million and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V-6 engine for the 2011 ... Read More

Solutia to buy Etimex Solar for $325M

Solutia Inc. said Monday it plans to buy Etimex Solar GmbH, a company that supplies solar products, for nearly $325 million. Etimex Solar is a subsidiary of Germany-based Etimex Holding GmbH, ... Read More

Daimler, BYD form electric car partnership

Daimler AG says it has signed a memorandum of understanding with China’s BYD Co. to develop jointly electric vehicles for the fast-growing Chinese market. Daimler said Monday the two companies envision ... Read More

Baxter to buy British firm ApaTech for $330M

Specialty drug and medical device maker Baxter International Inc. said Monday it will spend up to $330 million to acquire ApaTech, a privately held British concern that makes bone and soft ... Read More

KMG Chemicals buys electronic chemicals unit

Specialty chemical maker KMG Chemicals Inc. will spend approximately $24.7 million to buy the electronic chemicals business of General Chemical Performance Products LLC. KMG said Friday the deal includes about $7 ... Read More

Coca-Cola to buy bottling unit

The Coca-Cola Company confirmed Thursday morning that it had agreed to acquire the North American operations of its largest bottler, reversing a 24-year-old strategy of keeping its bottling operations separate from ... Read More

Panel recommends annual flu vaccinations for all

A government panel is now recommending that virtually all Americans get a flu shot each year, starting this fall. The Advisory Committee on Immunization Practices had gradually been expanding its recommendation ... Read More

University of Missouri researchers detect cancer through laser-induced ultrasound

To determine if there is cancer in one’s lymph nodes, a typically advanced stage requiring more aggressive treatment, pathologists are stuck performing several specific, detailed tests that may or may not ... Read More

Yingli to supply 285-MW of PV modules to Gehrlicher Solar

Yingli Green Energy Holding Company Limited has signed a three-year framework agreement with Gehrlicher Solar AG, one of the leading PV system integrators in Europe. The three-year agreement provides Yingli Green ... Read More

Hefty parent Pactiv buys container-maker PWP

Hefty-brand trash bag maker Pactiv Corp. has bought a leading producer of disposable food containers, PWP Industries, for $200 million. Pactiv, a consumer packaging maker, said on Tuesday it expected the ... Read More