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…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Glenmark gets regulator’s approval to try Favipiravir on COVID-19 patients in India
MUMBAI: Glenmark Pharmaceuticals, a research-led pharmaceutical company, announced that it has received approval from the DCGI (Drug Controller General of India), the regulator in India to conduct clinical trials on Favipiravir Antiviral tablets on COVID-19 patients. The product is a generic version of Avigan of Fujifilm Toyama Chemical Co. Ltd., Japan, a subsidiary of Fujifilm…
TEHO EuROPE acquires warehouse in Netherlands for Euro 1.25mn
SINGAPORE: TEHO International Inc Ltd’s wholly-owned subsidiary TEHO EuROPE B.V. has entered into a purchase agreement to acquire a property located at Nikkelstraat 21 in Ridderkerk, the Netherlands from Indumat Vastgoed B.V. at a purchase consideration of EUR 1.25 million. The vendor, Indumat Vastgoed B.V., is a property developer and investment company incorporated in the…
Olam secures a US$176 million term loan from IFC and JICA
SINGAPORE: Global food and agri-business Olam International Limited and its wholly owned subsidiary Olam Treasury Pte. Ltd. have secured multi-tranche financing facilities aggregating US$176.0 million from the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term…
iX Biopharma inks agreement to supply medicinal cannabis wafer to the Australian market
SINGAPORE: Specialty pharmaceutical company iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has formalised a supply agreement with Cannatrek Medical Pty Ltd, a wholly-owned subsidiary of Cannatrek Ltd. Cannatrek is a medicinal cannabis enterprise with a national distribution network in Australia and participates heavily in doctor and patient education programmes for medicinal cannabis….
United Overseas Australia updates on potential impact of Covid-19 outbreak on group
SINGAPORE: The COVID-19 outbreak was declared a pandemic by the World Health Organization (‘WHO’) in March 2020, which continues to spread throughout Australia and Malaysia (the Group’s main geographical area of operation). In addition, the Malaysian government implemented a movement control order (‘MCO’) on the 18 March 2020 as a result of COVID-19, with the…
SGX and CITIC Securities seal agreement to collaborate across FICC, REITs and capital raising
SINGAPORE: Singapore Exchange Limited (SGX) and CITIC Securities Company Limited (CITIC Securities) have signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, debt capital markets and more. The agreement was sealed at a virtual signing ceremony attended…
Everbright Water Secures Ji’nan Zhangqiu Waste Water Treatment (Plant 4) PPP Project in Shandong Province
SINGAPORE: China Everbright Water Limited, an environmental protection company focusing on water environment management, has signed a PPP (Public-Private Partnership) project agreement with the Urban-Rural Water Bureau of Zhangqiu District of Ji’nan City to secure Ji’nan Zhangqiu Waste Water Treatment (Plant 4) PPP Project. The project commands an estimated investment of approximately RMB213 million. Pursuant…
Prisma bags management consulting contract for cryptocurrency payment gateway project
SINGAPORE: Forise International Limited, through its subsidiary Prisma Technologies Pte Ltd, has secured a contract to provide management consulting services to enhance the security of a payment gateway owned and operated by Denmark-based cryptocurrency trading firm Capverto. Over two phases spanning 26 weeks and 22 weeks respectively, Prisma Technologies will advise Chennai-based Trident Solutions FZE,…
SGX reports 3Q FY2020 net profit of S$138 million
SINGAPORE: Singapore Exchange (SGX) has reported 3Q FY2020 net profit of S$137.5 million with revenues of S$295.8 million. EBITDA stood at S$186.2 million, while earnings per share was 12.8 cents. The Board of Directors has declared a dividend of 7.5 cents per share, payable on 13 May 2020. Loh Boon Chye, Chief Executive Officer of…
Q&M invests $3mn in Acumen Diagnostics to produce Covid-19 test kits
SINGAPORE: Q&M Dental Group (Singapore) Limited has inked a joint venture agreement with Dr Ong Siew Hwa, Ms Zeng WeiYi, and Acumen Holdings, for a 51% equity stake in JV company, Acumen Diagnostics Pte. Ltd. for a consideration of S$3.0 million. Concurrent to the JV agreement, Acumen Diagnostics will acquire part of the business of…
Biolidics Limited appoints Aytu Bioscience for exclusive distribution of COVID-19 Rapid Test Kits in USA
SINGAPORE: Biolidics Limited entered into a distribution agreement with Aytu Bioscience, Inc. to appoint Aytu as an exclusive distributor for the Company’s rapid test kits for the Novel Coronavirus 2019 (“COVID-19 Rapid Test Kits”), in the United States of America (“USA”) for a duration of one year with an option for an additional one-year term….