Pharma Industry
Industry: Email Alert RSS FeedAkzo Nobel's pharmaceutical unit flounders. (News: Europe).(Brief Article)
Chemical Market Reporter, April, 2003
AKZO NOBEL's struggling pharmaceutical operation is cutting production of a new contraceptive because of lower than expected sales in the US. Organon International, the company's main pharmaceutical subsidiary, is switching to other work 60 of the 100 staff members at its plant at Oss, the Netherlands, which makes NuvaRing, a low-dose hormonal contraceptive vaginal ring.
"Hopefully this will be only a temporary move," says an Organon spokesperson. "Sales of NuvaRing, which we launched last year, have been slower than anticipated in the US but have been doing well in Europe." Akzo Nobel withdrew last month from negotiations to take over GlaxoSmithKline's active ingredients plant at Montrose, Scotland, because of what it calls a poor growth outlook in...
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