PAG, a leading Asia Pacific alternative investment firm, has agreed to buy the controlling stake in Australian Venue Co (AVC) from global investment firm KKR. AVC is a food and beverage hospitality business that runs over 210 pubs, bars and restaurants in Australia and New Zealand. The deal terms were not disclosed. KKR invested in…
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Dr Howie McKibbon appointed CEO of Botanix Pharmaceuticals
SYDNEY, AUSTRALIA: Botanix Pharmaceuticals Limited (ASX: BOT), a company that specializes in clinical dermatology, has announced the promotion of Dr Howie McKibbon to the position of Chief Executive Officer, effective from 24 August 2023 (Arizona time). Dr McKibbon has been serving as the Chief Operating Officer of the Company, and he will continue to report…
Polarean Imaging appoints new CEO as it enters commercial phase
LONDON, UK: Polarean Imaging plc (AIM: POLX), the medical imaging company, has announced that it has appointed Christopher von Jako, Ph.D. as its new Chief Executive Officer and director of the Company, effective immediately. Dr. von Jako succeeds Richard Hullihen, who has retired and stepped down as a Director of the Company, after leading Polarean…
Cyclopharm Limited has acquired DuPharma ApS, based in Copenhagen
SYDNEY, AUSTRALIA: Cyclopharm Limited (ASX: CYC) has acquired DuPharma ApS, based in Copenhagen, Denmark. DuPharma is a third-party medical distribution company and has been a long-term distributor of Technegas and other nuclear medicine products in Denmark for several years. Consideration for the acquisition is 100,000 ordinary shares in Cyclopharm plus AUD$65,000 in cash, payable over…
Hikma Pharmaceutical agrees to buy Custopharm for $375 million
Hikma Pharmaceutical , Custopharm , acquire, Waster Street Healthcare Partners, LONDON, UK: Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company and one of the largest suppliers of generic injectable medicines in the US, has agreed to acquire Custopharm Inc. from Water Street Healthcare Partners. Hikma will pay an initial cash consideration of $375 million on a debt…
Mercia Asset Management invests into Locate Bio
LONDON, UK: Mercia Asset Management announced a significant syndicated investment into existing direct investment portfolio company Locate Bio Limited, a Nottingham-based business developing a range of orthobiologics. This investment into Locate Bio consists of a syndicated £10.0million Series A round in which Mercia has made a direct investment of £1.6million, alongside £4.0million from Mercia’s third…
Venture Life Group has acquired BBI Healthcare Limited for £36 million
LONDON, UK: Venture Life Group has acquired BBI Healthcare Limited, a global market leading Women’s Health and Energy Management/Diabetes company, for a total consideration of up to £36.0 million, a news release said. The acquisition of BBIH, which is expected to be immediately earnings enhancing, is from BBI Diagnostics Group Limited, a company ultimately majority…
Avacta signs collaboration agreement with Bruker
LONDON: Avacta Group plc has entered into a collaboration agreement with Bruker Corporation to evaluate the Affimer-based, bead assisted mass spectrometry (BAMSTM) SARS-CoV-2 assay, that the Group has developed with Adeptrix Inc.. Bruker is one of the world’s leading analytical instrumentation companies providing high-performance scientific instruments and high-value analytical and diagnostic solutions to scientists globally….
Sumitovant Biopharma will acquire Urovant Sciences for $584 million
IRVINE: Urovant Sciences has entered into a definitive agreement in which Sumitovant Biopharma will acquire Urovant Sciences for $16.25 per share or approximately $584 million in total equity value on a fully diluted basis in an all-cash merger. The price represents a 96% premium over Urovant’s closing share price of $8.28 on November 12, 2020…
PureTech Health
PureTech Health is a biotechnology company which develops medicines to combat serious diseases. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Companies which PureTech Health founded include are Karuna Pharmaceuticals, Gelesis, which has received FDA approval as a treatment for weight management, Akili Interactive Labs, which…
Sunshine State Tea begins roll out of CBD & Vitamin infused teas
VANCOUVER: Redfund Capital Corp. announced that its portfolio client Sunshine State Tea will begin manufacturing its lineup of CBD & vitamin infused teas as Washington State reopens. Although still in a cautious stage of restarting, three more Washington state counties last week received approval to move into the next phase of the state’s Safe Start…
Graph Blockchain applauds Datametrex for their response to Covid-19 pandemic
TORONTO: Graph Blockchain Inc. applauds Datametrex Limited for securing the rights to import COVID-19 detection kit into Canada and other countries around the globe. Datametrex, a minority shareholder of Graph Blockchain, is currently working with Health Canada to have the approval of these kits fast-tracked. President & COO, Christian Scovenna added: “On behalf of the…