PERTH: Zelira Therapeutics Ltd, a global leader in the development of clinically validated cannabis medicines, has entered into a binding product development agreement with USA based Cardiovascular Solutions of Central Mississippi (CVSM) to target symptoms associated with Peripheral Arterial Disease (PAD), associated ischemic neuropathies including Diabetic Neuropathies (DPN), a news release said. The products to…
IMDEX completes AusSpec acquisition
SYDNEY: Imdex Limited has completed the acquisition of AusSpec International Limited following payment of A$1 million cash and A$5 million IMDEX shares, a news release said. Commenting on the acquisition IMDEX Chief Executive Officer, Paul House, reiterated AusSpec’s excellent strategic fit and world-leading expertise in automated mineralogy. “AusSpec’s unique and proven aiSIRIS platform strengthens our …
Shipcom wins US Navy global parts tracking and sensor-based IoT smart buildings contract
ARLINGTON: Shipcom Federal Solutions (SFS), a leader in next generation supply chain management solutions, has been awarded a contract by the US Navy Office of Naval Research (ONR) to extend functionality of the SFS Catamaran NextGen supply chain management platform with a focus on Naval shipyard and depot modernization. Under this effort, SFS will provide…
Adevinta signs agreement to acquire eBay Classifieds Group for $9.2 billion
OSLO: Adevinta ASA has entered into a definitive agreement to acquire 100% of eBay Classifieds Group, the global classifieds arm of eBay Inc for a headline value of US$9.2 billion. Under the terms of the agreement, eBay shall receive US$2.5 billion in cash and 540 million shares of Adevinta, representing a 44% stake in pro…
Rombauer Vineyards hosts virtual Joy of Wine event
NAPA: Rombauer Vineyards is marking its milestone 40-year Anniversary and the release of its popular 2019 Carneros Chardonnay with an entirely virtual event from the Napa Valley based winery. The Joy of Wine event on Saturday, July 25th will broadcast on Facebook Live and YouTube Live. Guests will enjoy a stroll through the winery caves,…
9Spokes and Visa enter multi-year global strategic partnership
AUCKLAND: 9Spokes announced that it has entered into an agreement with Visa USA Inc. 9Spokes is a powerful business ecosystem with global scale. It offers modern businesses a management app that brings meaningful data together across a business, its apps and banks. Adrian Grant, Chief Executive of 9Spokes, said: “This is a proud day for…
Montagu Private Equity completes acquisition of the RTI Surgical OEM business
ALACHUA: Montagu Private Equity LLP, a leading European private equity firm, announced the completion of its acquisition of the RTI Surgical OEM business. The new RTI Surgical will further its focus on driving innovation across its tissue, biologics and hardware platforms and strengthening its long standing collaboration with leading medical technology companies. The company will…
Dr. Stephen Grocott to join Pure Minerals as Chief Executive Officer
PERTH: Pure Minerals Limited announced the appointment of Dr Stephen Grocott as Chief Executive Officer of the Company. Dr. Grocott will play a key role with Pure Minerals and will drive the technical and marketing activities of the Company, including development of relationships with global automotive, battery and cathode companies that are the prospective customers…
AHF asks Congress to hold pharma execs accountable on COVID vaccines
WASHINGTON: AIDS Healthcare Foundation (AHF) called on the members of the U.S. House of Representatives Subcommittee on Oversight and Investigations to ask tough questions of drug companies testifying on coronavirus vaccines. Overpaid pharmaceutical company executives from AstraZeneca, Johnson & Johnson, Merck, Moderna and Pfizer will be testifying at a hearing “Pathway to a Vaccine: Efforts…
Simon Pooley appointed CEO of Force Commodities
SYDNEY: Force Commodities Limited announced the appointment of Simon Pooley as Chief Executive Officer (CEO). Simon Pooley is a geologist with over thirty years of broad international experience encompassing roles in the corporate, mine development, operations, and exploration areas. Simon has held senior industry positions that have demonstrated leadership and management of base and precious…
Life sciences associations express concerns with CMS’ rule on medicaid value-based agreements
ANN ARBOR: BioNJ, Biocom, the California Life Sciences Association (CLSA), the HealthCare Institute of New Jersey (HINJ), Life Sciences Pennsylvania (LSPA), and the Michigan Biosciences Industry Association (MichBio) today submitted comments to the Centers for Medicare and Medicaid Services (CMS) on a notice of proposed rulemaking (NPRM) impacting value-based purchasing (VBP) agreements and other innovative…
KBRA assigns preliminary rating to Arby’s Funding LLC
NEW YORK: Kroll Bond Rating Agency (KBRA) announced the preliminary ratings to two note classes of Arby’s Funding, LLC, Series 2020-1, a whole business securitization. This transaction is the third whole business securitization (WBS) issued by Arby’s Funding, LLC (Issuer). In connection with its first securitization transaction in 2015, Arby’s Restaurant Group, Inc. contributed most…