BASF to streamline its Pharma Ingredients portfolio in NAFTA.Business Editors MOUNT OLIVE, N.J.--(BUSINESS WIRE)--November 5, 2001 -- Will transfer certain assets in acetaminophen business to Rhodia -- Remains committed to other active ingredients, excipients and contract manufacturing BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Corporation today announced that it has sold certain assets of its acetaminophen acetaminophen (əsēt'əmĭn`əfĭn), an analgesic and fever-reducing medicine similar in effect to aspirin. It is an active ingredient in many over-the-counter medicines, including Tylenol and Midol. (APAP APAP Association of Performing Arts Presenters APAP Association of Physician Assistant Programs APAP Action Professionals' Association for the People APAP Associação Portuguesa das Empresas de Publicidade e Comunicação (Portugal) ) business to Rhodia Inc. APAP is an active ingredient used to produce many different pharmaceutical products. The assets include customer contracts and related commitments, intellectual property and some APAP manufacturing equipment. According to Charles Dods, Business Director of Pharma Ingredients for BASF Corporation, U.S. and international customers can look forward to a smooth transition of supply between BASF and Rhodia. "BASF's Pharma Ingredients business remains dedicated to continue as a leading supplier to the pharmaceutical industry," Dods said. "To strengthen our competitiveness, BASF will focus its product portfolio on the ingredients and excipients excipients, n.pl all the constituents of a remedy that lack medicinal properties. See also adjuvant, auxiliary substance, and vehicle. that offer us better growth opportunities. Furthermore, BASF is the world's largest producer of Ibuprofen, and we recently announced our plans to step up our activities in the growing area of contract manufacturing -- the exclusive production of active ingredients and excipients for the pharmaceutical industry." Supporting the critical, tailored needs of the pharmaceutical industry, BASF offers a comprehensive portfolio of standard and differentiated technologies in organic synthesis, as well as broad experience in the development of chemical processes. From its Ludwigshafen and Minden sites in Germany, BASF operates U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. )-audited production facilities at which kilogram to metric tons quantities of active ingredients are manufactured in accordance with Good Manufacturing Processes (GMP GMP (guanosine monophosphate): see guanine. ). BASF is the world's largest producer of chemicals and related products. Based in Mount Olive, N.J., BASF Corporation is the North American affiliate of BASF AG (Ludwigshafen, Germany), which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the trading symbol "BF." BASF Corporation had sales of $7.9 billion in 2000. BASF in North America employs more than 15,000 people at more than 50 locations, and can be found on the Internet at www.basf.com/usa. |
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