ARCA biopharma, Inc. (NASDAQ: ABIO) and Oruka Therapeutics have announced a definitive agreement to merge in an all-stock transaction, poised to reshape the chronic skin disease treatment landscape. The new entity, retaining the name Oruka Therapeutics, Inc., will focus on advancing a pipeline of potentially best-in-class biologics, including ORKA-001 and ORKA-002, targeting IL-23p19 and IL-17A/F…
Alterome Therapeutics raises $132 million in Series B led by Goldman Sachs Alternatives
SAN DIEGO: Alterome Therapeutics, Inc., a trailblazer in the biopharmaceutical industry, has successfully completed a Series B financing round, raising a substantial $132 million. This funding marks a pivotal step for the company as it aims to transition multiple innovative cancer treatments from the laboratory to clinical trials. “We are pleased with a financing of…
gWorks has acquired Pennsylvania-based Freedom Systems
gWorks, a leading software provider for local governments and public agencies, has announced the acquisition of Freedom Systems, a Pennsylvania-based software firm with a longstanding reputation in the industry. Effective March 27, 2024, the acquisition is a key component of gWorks’ growth strategy, marking its seventh acquisition in a decade and the fourth in the…
Blue Owl Capital acquires Kuvare Asset Management in a $750 million deal
Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has announced a definitive agreement to acquire Kuvare Insurance Services LP, doing business as Kuvare Asset Management (KAM), for a total consideration of $750 million. KAM, known for its specialized asset management services tailored to the insurance sector, will be integrated into Blue Owl’s…
Royal Mail calls for urgent reform to secure future of Universal Service
LONDON: In a move to address the financial sustainability of the Universal Service, Royal Mail has unveiled a comprehensive proposal that seeks to modernize the service without legislative change. The plan, which comes after extensive customer consultation, aims to maintain the core aspects of the service that customers value most while introducing necessary efficiencies to…
TotalEnergies launches new battery storage project in Belgium
PARIS: During Belgian Energy Minister Tinne Van der Straeten’s visit to TotalEnergies’ Antwerp refinery, the energy giant unveiled plans for a new battery storage project in Feluy, Belgium. This initiative, featuring a 25 MW power rating and 75 MWh capacity courtesy of Saft’s lithium-ion technology, is set to launch by late 2025. With a €70…
TECNO Unveils AI-Enhanced CAMON 30 Series
Innovative technology brand TECNO unveiled the CAMON 30 Pro 5G, CAMON 30 5G and CAMON 30 models of its newest CAMON 30 Series, delivering an extremely powerful flagship imaging experience in its price bracket, elevating the joy of video and image-making to new heights. The flagship model, CAMON 30 Premier 5G, is set to launch…
Arçelik has acquired Whirlpool’s MENA operations
ISTANBUL: Arçelik, the parent company of consumer brand Beko, has completed the acquisition of Whirlpool’s operations in the Middle East and North Africa (MENA), marking a pivotal point in its expansion strategy. This acquisition sees Arçelik taking ownership of Whirlpool’s entities in the UAE and Morocco, as well as overseeing Whirlpool’s Major Domestic Appliance (MDA)…
3E acquires Quick-FDS, bolsters position in French market
3E, a global leader in compliance solutions for chemical safety and product stewardship, has finalized the acquisition of Quick-FDS, a top provider of workplace safety solutions in France. This strategic move, previously announced and now completed, significantly enhances 3E’s European footprint, particularly strengthening its leadership in the French market. Quick-FDS, formerly under WEKA Group, collaborates…
Brera Partners acquires 70% shares in GBSAPRI Group in Italy
ZURICH: Brera Partners, a private equity firm with a focus on the asset-light financial services industry, has acquired a 70% stake in the esteemed Italian insurance broker, GBSAPRI Group. While the financial specifics of the deal remain undisclosed, this acquisition marks a significant step in Brera Partners’ strategy to strengthen its position in the Italian…
Veracode acquires Longbow Security to enhance cloud-native application protection
Veracode has acquired Longbow Security, a pioneer in security risk management. This acquisition signifies Veracode’s intensified focus on reducing application risk across expanding digital landscapes. “Security teams are overwhelmed by alerts that are often not sufficiently detailed about the level of business risk, the concrete possibility that a flaw will be exploited, and specific code-level…
CMA CGM Group has acquired 10% stakes in Flexis SAS
PARIS, FRANCE: CMA CGM, through PULSE, its energy fund, acquired a 10% stake in Flexis SAS and has confirmed its interest for a strategic investment up to EUR 120 million by 2026. Volvo Group and Renault Group, holding each a 45% stake in Flexis SAS, plan to invest respectively EUR 300 million over the next…