DAMMAM: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has launched a landmark project in Dammam’s First Industrial City: the Multi-Story Factory, the first of its kind in the Arabian Gulf region. The eight-story facility spans more than 7,500 square meters and houses 78 industrial units ranging from 156 to 251…
LONDON: GSK plc announced Monday that it has entered into agreements with China-based Hengrui Pharma to co-develop up to 12 innovative medicines spanning respiratory, immunology, inflammation and oncology indications, marking a major expansion of the British pharmaceutical giant’s pipeline beyond 2031. The collaboration includes an exclusive license for HRS-9821, a potential best-in-class PDE3/4 inhibitor in…
SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets 2…