Akzo Nobel Moves Forward With Plan to Separate Pharmaceutical Business
Akzo Nobel (Arnhem, Netherlands) is moving forward with plans to separate its pharmaceutical business into a separate company, Organon Biosciences
Akzo Nobel (Arnhem, Netherlands, www.akzonobel.com) is moving forward with plans to separate its pharmaceutical business into a separate company, Organon Biosciences.
Shareholders of Akzo Nobel will meet Sept. 6, 2006 to approve the division of Akzo Nobel into two separate companies: Akzo Nobel, active in chemicals and coatings, and Organon Biosciences, active in pharmaceuticals. Akzo Nobel first announced plans to separate the company in February 2006.
Akzo Nobel plans to divest a minority stake of 20–30% of Organon Biosciences and seeks to have Organon Biosciences listed on the Euronext stock exchange in early 2007. That move is subject to shareholder approval of the proposed separation and conditioned on market conditions and the development of the company’s pipeline.
If the move proceeds, Akzo Nobel intends to fully separate the pharmaceutical business within two to three years of the initial public offering.
Organon Biosciences would consist of Akzo Nobel’s human pharmaceutical business and its animal health business, Intervet, In 2005, those business had combined sales of 3.5 billion euros ($4.5 billion).
Drug Solutions Podcast: A Closer Look at mRNA in Oncology and Vaccines
April 30th 2024In this episode fo the Drug Solutions Podcast, etherna’s vice-president of Technology and Innovation, Stefaan De Koker, discusses the merits and challenges of using mRNA as the foundation for therapeutics in oncology as well as for vaccines.
A Novel, Enhanced, and Sustainable Approach to Audit Trail Review
July 4th 2025Eli Lilly and Company developed an innovative and sustainable approach to audit trail review (ATR) aimed at reducing the ATR burden while adhering to regulatory expectations and data integrity (DI) principles. The process has transformed employees' understanding of ATR and complemented the DI by design approach, leading to better system designs that meet expected controls and reduce non-value-added data reviews.
