They take risks in a way that traditional intermediates studiously avoid (at least intentionally).
It grew up selling chemical intermediates that bigger drug firms used to make pills.
Siluria converts methane, the primary ingredient in natural gas, into liquid fuels and chemical intermediates.
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This need for intermediates creates a need for savings banks, stock markets, brokerage firms, mutual funds and investment banks.
It suggested that intermediates, which it said had proven effective in helping to maximise the number of students progressing to Scottish Highers, be replaced by a similar option.
The same is true of Kaneka, which makes pharmaceutical intermediates.
As Lehman analyst Tony Butler pointed out on the call, cutting manufacturing costs may require buying more "intermediates" from outside the company, where Merck will have less control over their production.
It has 135 trails and 20 lifts spread across more than 3, 000-acres, renowned tree skiing for experts, plenty of cruisers for beginners and intermediates, even in-bounds sno-cat skiing, something very few resorts offer.
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The inadequacies of Asia's capital markets, where corporate-bond markets are even less developed than stockmarkets, are the flipside of a dominant banking sector that intermediates four-fifths of the region's investment, compared with just a quarter in America.
With temperatures lower than in the first session and light rain falling, there was little action for the opening part of the second 90-minute session as the pit crews switched their attention to the weather and weighed up swapping dry-weather slick tyres for intermediates.
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