SYDNEY: Cellmid Limited has signed, via its wholly owned US subsidiary, Advangen LLC., an agreement with Tru Beauty Concepts Inc. for the exclusive distribution of the évolis Professional branded anti-aging hair care products in salons in the Northeast of the US, commencing 1 August 2020 with an initial term of five years. Tru Beauty is…
Intel deploys new executive team to lead company’s technology organization
SANTA CLARA: Intel CEO Bob Swan announced changes to the company’s technology organization and executive team to accelerate product leadership and improve focus and accountability in process technology execution. Effective immediately, the Technology, Systems Architecture and Client Group (TSCG) will be separated into the following teams, whose leaders will report directly to the CEO: Technology…
Dubai Financial Market posts 21% increase in net profit for 1HFY20
DUBAI: Dubai Financial Market (PJSC) announced its financial results for the first half of the year ending 30 June 2020, registering a 21% increase in its net profit to AED 78.9 Million compared to AED 65.1 Million during the corresponding period of 2019. The net profit of the second quarter of 2020 reached AED 44.2…
COVID-19: Pfizer and BioNTech commence pivotal Phase 2/3 global study
NEW YORK: Pfizer Inc. and BioNTech SE announced the start of a global (except for China) Phase 2/3 safety and efficacy clinical study to evaluate a single nucleoside-modified messenger RNA (modRNA) candidate from their BNT162 mRNA-based vaccine program against SARS-CoV-2. After extensive review of preclinical and clinical data from Phase 1/2 clinical trials, and in…
CML Group acquiring Skippr Invoice Finance to enhance technology capability
PERTH: CML Group Limited has entered into a binding agreement to purchase 100% of the shares in Skippr Invoice Finance for an initial payment of $2.25m via a mix of cash and scrip at CML’s election. A maximium transaction price of $6.5m is payable if all earn-out hurdles (a substantial multiple of current funding volumes)…
Rio Tinto reveals maiden resource at Winu and new discovery
LONDON: Rio Tinto has disclosed the maiden Inferred Mineral Resource at the 100% owned Winu copper-gold project and revealed the discovery of a new zone of gold dominant mineralisation approximately 2 km east of the Winu deposit in the Paterson Province of Western Australia. The Inferred Mineral Resource, reported at a 0.2% copper equivalent cutoff,…
Cleo expands global reach into Australia through partnership with Ajna Consulting
SYDNEY: Cleo and Ajna Consulting announced a new partnership that will help companies in supply chain-dependent industries in Australia optimise their business operations through deployment of Cleo Integration Cloud, Cleo’s flagship cloud integration platform. Cleo provides market-leading solutions that enable ecosystem integration at scale, offering a true API integration and EDI platform delivered on the…
Atomo and Access Bio partner to expand access to COVID-19 blood-based rapid testing in North America
SYDNEY: Atomo Diagnostics has signed a binding agreement with US-based diagnostics specialist Access Bio Inc., that will see Atomo supply its unique, integrated rapid diagnostic test (RDT) devices to Access Bio for use with its rapid test strip for detection of antibodies to COVID-19, a news release said. Finished products being commercialised under this agreement…
Owl Labs launches Meeting Owl Pro in UK to connect in-office and remote employees
LONDON: Owl Labs has launched Meeting Owl Pro in the United Kingdom to bring distributed teams together. The Meeting Owl Pro is a smart video conferencing device featuring a 360° camera, mic, and speaker with 1080p resolution and a radius of over 5 meters, allowing for a seamless and fully immersive group meeting experience, a…
Visioneering Technologies expands sales and distribution network into Asia
ATLANTA: US-based medical device company Visioneering Technologies Inc announced the expansion of its sales and distribution network into Asia. Visioneering has entered into an agreement with Oculus Private Ltd under which Oculus will market, sell, and distribute Visioneering’s innovative NaturalVue Contact Lenses in Singapore and Hong Kong, with other markets in Southeast and Northeast Asia…
UK’s FCA to ban motor finance discretionary commission models
LONDON: The UK Financial conduct Authority (FCA) has confirmed it will introduce a ban on discretionary commission models. This followed a consultation in October 2019. Currently, some car retailers and motor finance brokers receive commission which is linked to the interest rate that customers pay – creating an incentive to sell more expensive credit to…
BIGG Digital’s Blockchain Intelligence Group partners with the International Association of Financial Crimes Investigators
VANCOUVER: Blockchain Intelligence Group (BIG) has partnered with the International Association of Financial Crimes Investigators (IAFCI) to explore opportunities to provide investigative tools and educate their members surrounding, tracking, tracing and monitoring illicit activity involving cryptocurrencies, a news release said. The intent of the partnership is to provide a well rounded and all encompassing training…