LONDON: Ofgem is consulting on issuing seven suppliers with final orders to compel them to make £33.861 million in outstanding payments owed to comply with the Renewable Obligations (RO) scheme and pay £158,814.47 in Feed-in Tariff (FIT) levelisation payments. The seven suppliers are: Co-Operative Energy Limited; Flow Energy Limited; MA Energy Limited; Nabuh Energy Limited;…
AstraZeneca’s Farxiga granted breakthrough therapy designation in US for chronic kidney disease
LONDON: AstraZeneca’s Farxiga (dapagliflozin) has been granted Breakthrough Therapy Designation (BTD) in the US for patients with chronic kidney disease (CKD), with and without type-2 diabetes (T2D). CKD is a serious, progressive condition defined by decreased kidney function and is often associated with an increased risk of heart disease or stroke.1,2,3 In the US, 37…
Future plc announces acquisition of CinemaBlend
LONDON: Future plc has announced the acquisition of CinemaBlend, a premium digital entertainment publisher. CinemaBlend, based in the US, is a high-growth digital brand focused on the TV, film and entertainment market. Through its website, podcast series, social media channels and newsletters, CinemaBlend provides a platform for enthusiasts and casual fans to discover, explore and…
Impact BioMedical to begin efficacy testing of Pan-Coronavirus vaccine under newly formed subsidiary
ROCHESTER: Impact BioMedical Inc. has formed a new wholly owned subsidiary, Innate Immune Inc., to initiate efficacy testing of a pancoronavirus vaccine, a special type of vaccine designed to protect against multiple coronaviruses. “Highly pathogenic human coronaviruses are continuously emerging and remain a major threat to human health,” stated Daryl Thompson, Impact BioLife’s Director of…
The Very Good Food Company announces partnership with Pamela Anderson Foundation
VANCOUVER: The Very Good Food Company announced a charitable partnership with The Pamela Anderson Foundation to raise awareness for plant-based diets and animal rights. Pamela Anderson stated: “It is a thrill to have my Foundation associated with a butcher: a 21st century butcher who uses technology to create plant foods that help animals, human health,…
SLANG Worldwide completes acquisition of Oregon’s LBA Global Corporation
TORONTO: SLANG Worldwide Inc., a global cannabis consumer packaged goods (CPG) company, has completed its previously announced acquisition of LBA Global Corporation and its Lunchbox Alchemy brand portfolio and subsidiary Lunchbox Distribution. The Transaction is expected to bolster SLANG’s position in Oregon by adding a complementary portfolio of top-selling products along with robust cannabis extraction,…
Christina Lake Cannabis commences trading on the CSE
VANCOUVER: Christina Lake Cannabis Corp. announced that its common shares began trading on the Canadian Securities Exchange (CSE) on Thursday October 1, 2020 under the ticker symbol “CLC”. Christina Lake Cannabis is a premier producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids, as well as hemp-based extracts and derivatives, serving domestic and international markets….
Healthcare Activos Yield begun trading on Euronext Access Paris
MADRID: Euronext, Europe’s leading capital markets operator, announced that 114.459 million shares of Healthcare Activos Yield, a Socimi created in August 2019 by Healthcare Activos and Altamar Capital Partners, have begun trading on Euronext Access Paris. The incorporation of this Spanish Socimi confirms Euronext’s position as a reference market for European companies in the real…
Seadrill Limited appoints Stuart Jackson as Chief Executive Officer
HAMILTON: The Board of Seadrill Limited announced the appointment of Stuart Jackson as Chief Executive Officer. Stuart Jackson, currently Chief Financial Officer, will succeed Anton Dibowitz as Chief Executive Officer with immediate effect. Following Stuart’s appointment, the role and responsibilities of the Chief Financial Officer will be divided into two new roles: Grant Creed will…
Techstep has completed the acquisition of Optidev AB
OSLO: Techstep ASA has completed the acquisition and assumed 100% ownership of Optidev, a news release said. The purchase price for Optidev has partly been settled by the issuance of new Techstep shares, and the board of directors of Techstep has thus resolved to issue 19,744,177 new shares at a par value of NOK 1…
Aker Solutions to provide Subsea Production System for Tommeliten Alpha Development in Norway
OSLO: Aker Solutions won an order from ConocoPhillips to deliver the subsea production system for the Tommeliten Alpha development offshore Norway. The estimated contract value is about NOK 1.2 billion, a news release said. The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control…
Pakistan’s on-demand platform Bykea raises $13 million in Series B funding
KARACHI: Bykea, a Pakistan-based on-demand transport & logistics platform, announced that it has raised a Series B funding round led by Prosus Ventures (formerly Naspers Ventures). The round, which brought the total funds raised to US$22 million, saw participation from existing investors Middle East Venture Partners and Sarmayacar. As the pioneer and leader in motorbike…