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UK PETROCHEMICAL INDUSTRY BRACES FOR VARIOUS BREXIT SCENARIOS

November 10, 2018

More than two years after the Brexit vote and less than four months before the UK is set to leave the European Union, one word is continuously being used when referring to postBrexit Britain – uncertainty. The lack of clarity over Brexit has weighed on the value of the pound sterling and confusion on long-term trade agreements has made it difficult for businesses of all sorts to plan firm strategies beyond 29 March 2019. The petrochemical industry is no exception given that the EU is its most important trading partner for chemicals, accounting for 60% of UK chemical industry exports and 75% of imports. British companies are currently bracing themselves for the various scenarios likely to unfold in the final months before the UK officially breaks away from the EU.

Spotlight

Melinta Therapeutics

Melinta Therapeutics, Inc. is dedicated to saving lives threatened by the global public health crisis of bacterial infections, through the development and commercialization of novel antibiotics that provide new and better therapeutic solutions. Melinta’s lead product is Baxdela, an antibiotic approved by the US FDA for use in the treatment of acute bacterial skin and skin structure infections (ABSSSI). Melinta also has an extensive pipeline of preclinical and clinical stage products representing many important classes of antibiotics, each targeted at a different segment of the anti-infective market. Together, this pipeline provides Melinta with the unique ability to provide doctors and patients with a range of solutions that can meet the tremendous need for novel antibiotics treating serious infections.

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UK PETROCHEMICAL INDUSTRY BRACES FOR VARIOUS BREXIT SCENARIOS