MUMBAI, INDIA: Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Clobetasol Propionate Foam, 0.05% (Emulsion Formulation), a generic version of Olux®1‐E Foam, 0.05%, of Mylan Pharmaceuticals Inc. According to IQVIATM sales data forthe 12 month period ending July 2019, the Olux®‐E Foam, 0.05%…
SGX reports market statistics for August 2019
SINGAPORE: Singapore Exchange (SGX) released its market statistics for August 2019. Market participants continued to use SGX’s suite of risk-management tools to manage their positions across multiple asset classes as concerns over the outlook for both developed and emerging economies intensified. With ongoing US-China trade tensions, a yield-curve inversion in the US bond market –…
Futura signs collaboration to explore transdermal delivery of Cannabidiol DermaSys
LONDON: Futura Medical plc, a pharmaceutical company developing a portfolio of innovative products based on its proprietary, transdermal DermaSys® drug delivery technology and currently focused on sexual health and pain, made a joint venture collaboration with CBDerma Technology Limited to explore the application of Futura’s advanced proprietary transdermal drug delivery technology, DermaSys® for delivery of…
Mutamba project mining concessions conditionally awarded in Mozambique
LONDON: Savannah Resources plc has announced that the Minister of Mineral Resources and Energy in Mozambique has conditionally awarded two Mining Concessions, 9735C and 9229C, for the world-class Mutamba Heavy Mineral Sands Project in Mozambique over which the Company operates a joint venture with Rio Tinto. Mining Concession 9735C has a term of 25 years…
Springfield expands to Inverness with key land acquisition
LONDON: Springfield Properties, a leading housebuilder in Scotland offering private and affordable housing, announced its first land acquisition in Inverness as the Group continues its geographic expansion into the Highlands. With this purchase at Easterfield Farm in Inverness, along with other land recently secured in surrounding areas, Springfield is establishing a strong foothold in the…
ADCB to sell majority of its India banking portfolio to DCB Bank
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…
Sumitomo Dainippon Pharma and Roivant Sciences to form strategic alliance
TOKYO: Sumitomo Dainippon Pharma has entered into a Memorandum of Understanding for a strategic alliance with Roivant Sciences Ltd. Roivant is expected to receive a total of US$3 billion (approx. ¥320 billion) from Sumitomo Dainippon Pharma, subject to final agreement between the parties. The Memorandum of Understanding is generally non-binding with the exception of exclusivity…
Essentra acquires Nekicesa Packaging
LONDON, UK: Essentra plc has acquired 100% of the share capital of Nekicesa Packaging S.L. from GED Iberian B, F.C.R. and EBN Vaccaria, F.C.R. for an undisclosed cash consideration. With two well-invested facilities in Madrid, Nekicesa is one of the leading converters of folding cartons supplying the pharmaceutical end-market in Spain and will be reported…
Iconic Labs acquires IP of Gay Star News
LONDON: Iconic Labs, a multi-divisional new media and technology business has acquired the IP of Gay Star News Ltd (GSN) including www.gaystarnews.com, a website focused on events related to and concerning the global LGBTI community. The acquisition is part of the Company’s strategy to build critical mass and in particular expand its proprietary targeted distribution…
Unipres Corporation and Metaltech Ltd to form capital alliance
TOKYO, JAPAN: Unipres Corporation passed a resolution at a meeting of its Board of Directors to enter into a capital alliance with Metaltech Ltd through the underwriting of a capital increase by Metaltech by way of third-party allotment, a release issued to Japan Stock Exchange noted. Unipres globally supplies pressed automotive parts to automobile manufacturers…
DFM and its listed companies participate at HSBC’s Global Emerging Markets Investor Forum
DUBAI: The Dubai Financial Market (DFM) has successfully participated in the Global Emerging Markets Investor Forum (GEMS), one of the largest emerging markets investment forums organized by the HSBC in London, a release said. The DFM and its listed companies achieved one of the strongest presence amongst exchanges attending the event that was concluded last…
CapitaLand receives over 900,000 shoppers to Raffles City Chongqing
SINGAPORE: CapitaLand has added another feat to its track record of creating iconic integrated developments with the opening of Raffles City Chongqingin China. The largest mall to open in Chongqing this year and the latest must-visit destination in the bustling metropolis, Raffles City Chongqing registered a strong shopper traffic ofover900,000duringits opening weekend. Raffles City Chongqing…