LONDON: BTG Advisory, the boutique advisory arm of Begbies Traynor Group that provides commercial, strategic and partner-led advice to companies, investors, lenders and other stakeholders, announced the appointment of four new partners to its London Canary Wharf office, as the advisory firm delivers on its growth ambitions and expands its corporate finance offering to meet…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Ocean Outdoor Limited acquires Visual to strengthen European digital platform
LONDON: Ocean Outdoor Limited has acquired Visual Art, a Sweden based independent, pure-play digital, out-of-home media and tech group operating in three Nordic countries and Germany. The deal is structured as two simultaneous transactions in which Ocean acquires the out-of-home assets of Visual Art (Visual Art Media) for a total consideration of approximately €63 million…
BASF unfolds solutions for quality poultry feed in Pakistan
KARACHI: BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2019 on Friday. Feeding more animals for the growing meat, milk and egg demand while saving the environment is the key challenge for the feed industry…
Babcock selected as preferred bidder for UK naval frigate programme
LONDON: Babcock Team 31, led by Babcock Aerospace and Defence Company, has been selected by the UK Ministry of Defence as preferred bidder to deliver its newest fleet of warships. The Type 31 general-purpose frigate programme will provide the UK with a fleet of five ships, at an average production cost of £250 million per…
Mitie Group secures IFM contract extension with Lloyds Banking Group
LONDON: Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG). Mitie has been delivering IFM services to LBG since 2012 under a transformational partnership and this agreement extends the partnership through to the end of 2024. The extended contract represents a step…
Hemogenyx scientific advisor receives Lasker Award
BROOKLYN: Hemogenyx Pharmaceuticals announced that H. Michael Shepard, a member of Henogenyx’s Scientific Advisory Board, has been awarded the 2019 Lasker-DeBakey Clinical Medical Research Award. The award is given annually for biological discoveries and clinical advances that improve human health. The Lasker Awards are America’s most prestigious medical research awards, the US Nobel. This year’s…
Glenmark Pharmaceuticals receives ANDA approval for Clobetasol Propionate Foam
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…
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…
MPL wins £5.5 million contract with Tata Projects and Daewoo Engineering
MUMBAI: Mercantile Ports & Logistics (MPL) announced that its wholly owned subsidiary Karanja Terminal and Logistics Private Limited (KTLPL) has signed a binding contract with Tata Projects Limited and its joint venture partner Daewoo Engineering and Construction. Mercantile Ports & Logistics (MPL) is developing a modern port and logistics facility in Navi Mumbai, Maharashtra, India….