BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery that will operate…
Polycab India to buyout Ryker from Singapore’s Trafigura for $4.0mn
MUMBAI: Polycab India Limited (PIL) has signed an agreement with Trafigura Pte Ltd, Singapore to acquire 50% stake in Ryker Base Private Limited against a likely purchase consideration of around US $4 million. PIL had entered into a 50:50 JV with Trafigura in 2016 to incorporate Ryker with an aim to strengthen backward integration of…
FanDuel Sportsbook launched in Colorado
BLACK HAWK: FanDuel Group has announced the launch of the FanDuel Sportsbook app and online experience in Colorado. In partnership with Twin River Worldwide Holdings and Golden Gates Casino Black Hawk, Colorado is the fifth state in the United States where the industry-leading FanDuel Sportsbook online and mobile platform is available. FanDuel is bringing its…
Golar LNG Partners L.P. appoints Karl Fredrik Staubo as new Chief Executive Officer
OSLO: Golar LNG Partners L.P has appointed Karl Fredrik Staubo as its Interim Chief Executive Officer. This follows the announcement on October 1, 2019 that its current CEO, Graham Robjohns, was to step down on April 30, 2020. Mr. Staubo will formally take up the role with immediate effect with Mr. Robjohns having left Golar…
Hollister Biosciences closes acquisition of AlphaMind Brands Inc.
VANCOUVER: Hollister Biosciences Inc. – a diversified cannabis branding company with products in over 220 dispensaries throughout California, has now closed its acquisition of AlphaMind Brands Inc., a growth stage company, that is developing a portfolio of certified legal mushroom based natural health products. “We are very pleased to close our acquisition of AlphaMind”, shared…
Fandom Sports Media appoints John Armstrong as Esports Betting Advisor
VANCOUVER: Fandom Sports Media Corp. announced the appointment of John Armstrong to the role of esports betting advisor. Mr Armstrong is recognized as a thought leader in the esports space having enjoyed a storied career and built a significant following of over 50,000 members in his Esports Business group and Global Esports and Gaming Network….
Global Care Capital appoints James Foster to Advisory Board
VANCOUVER: Global Care Capital Corp. has announced the appointment of James Foster, a founder of ViraxClear’s joint venture partner Shanghai Biotechnology Devices Inc., to the advisory board. Foster has been a China focused investment, sales and distribution expert in the medical device and pharmaceutical sector over the past 10 years. He founded Natural Source Group…
Global smartphone shipments decline 17 percent in Q1 2020
BOSTON: According to the latest research from Strategy Analytics, global smartphone shipments fell 17 percent annually to reach 275 million units in the first quarter of 2020. This is the smartphone industry’s worst quarterly performance of all time. Samsung maintained first position with 21 percent global smartphone market share, Huawei held steady at 18 percent,…
Origin Energy establishes strategic partnership with Octopus Energy to transform retail business
SINGAPORE: Origin Energy Limited has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up future growth opportunities. Origin will acquire a 20 per cent interest in Octopus and a…
Moderna and Lonza announce strategic collaboration to manufacture vaccine against Novel Coronavirus
BASEL, SWITZERLAND: Moderna Inc., a clinical stage biotechnology company, and Lonza Ltd. have announced a 10-year strategic collaboration agreement to enable larger scale manufacture of Moderna’s mRNA vaccine (mRNA-1273) against the novel coronavirus (SARS-CoV-2) and additional Moderna products in the future. Under the terms of the agreement, the companies plan to establish manufacturing suites at…
Iberia and Vueling sign syndicated loan agreements
LONDON: International Airlines Group (IAG) announces that IBERIA LÍNEAS AÉREAS DE ESPAÑA S.A. OPERADORA, SOCIEDAD UNIPERSONAL (“Iberia”) and VUELING AIRLINES, S.A. (“Vueling”) have signed syndicated financing agreements for €750 million and €260 million respectively. The banks involved in the syndicated agreement will ask the Instituto de Crédito Oficial (ICO) to grant guarantees for these loans…
genedrive plc achieves manufacturing milestones for SARS-CoV-2 test
LONDON: genedrive plc (LON:GDR), the near patient molecular diagnostics company, has completed the last significant manufacturing milestone in the co-development of the Genedrive 96 SARS-CoV-2 kit with Cytiva. The PCR-based test has completed its pilot manufacturing runs and yielded high performing multiplexed assays for COVID-19 testing. The overall project plan currently remains on track and…