meconic

Related to meconic: ferulic acid, Meconin

meconic

(mɪˈkɒnɪk)
adj
(Chemistry) (of an acid) derived from poppies
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References in periodicals archive ?
Sugars are abundant (20%) as well as organic acids: lactic acid, fumaric acid, oxaloacetic acid, and especially meconic acid (more than 5%) [13].
Edinburgh-based Henry Smalley, James Cook and Malcolm Copeley shared around pounds 17.5million from the sale of Meconic, the medical firm they founded and Britain's only legal supplier of heroin and cocaine.
Edinburgh-based Meconic, which legally supplies drugs such as cocaine, yesterday agreed to be bought by chemicals group Johnson Matthey in a pounds 147.1 million deal.
The 405p-a-share takeover offer has been recommended by Meconic's board, and chairman Peter Savage said the deal represented 'fair value for Meconic shareholders'.
Meconic is the parent company of Macfarlan Smith, which manufactures pharmaceutical ingredients and controlled drugs, including opiates and cocaine.
Outside the FTSE 100, Meconic, the Edinburgh-based group which manufactures the heroin substitute methodone, attracted attention after one director bought 6,090 shares at 225p.
Bosses at Meconic say the takeover will be good news for the firm's 300-strong workforce.
Meconic, which was founded in 1990 after a management buy-out from UK chemicals firms Glaxo, is highly profitable.
Among the smaller stocks, Meconic, the legal supplier of opiates and cocaine, shot up 40 per cent, or 115p at 400p after agreeing a pounds 147.1 million takeover by chemicals group Johnson Matthey.
Meconic, the UK's only licensed supplier of heroin and cocaine, rose 17p to 248p after reporting a profits jump for the last year.
A profit warning by drugs manufacturer Meconic sent shares into a dive.
Chemicals group Meconic took a pasting, down 12p to 156p, after it also warned full-year profits would not hit 1997 levels.