Archives for July 2, 2002

← 2002

Write downs and exceptionals hit Galaxy

Exceptional costs relating to a delay in the completion of new production facilities pushed Galaxy Nutritional Foods into the red in fiscal 2002, but a turnaround is expected this year.

FDA rules against nicotine water

The US Food & Drug Administration (FDA) has ruled that the product called Nico Water is an unapproved drug and that it cannot therefore be legally marketed as a cure for nicotine addiction or a dietary supplement.

Degussa fined for price fixing

German fine chemicals group Degussa has been fined €118 million by the European Commission after it was found guilty of taking part in a price fixing cartel relating to amino acids used in animal fodder. Degussa said it would contest the fine which...

New uses for Nascobal treatment

Nascobal, the drug produced by Nastech Pharmaceutical and designed to treat vitamin B12 deficiency, has been granted approval by the FDA for use in the treatment of patients suffering from HIV, AIDS, multiple sclerosis and Crohn's disease.