SACRAMENTO: Gilead Sciences Inc. and Immunomedics have entered into a definitive agreement pursuant to which Gilead will acquire Immunomedics for $88/share in cash. The transaction, which values Immunomedics at approximately $21 billion, was unanimously approved by both the Gilead and Immunomedics Boards of Directors and is anticipated to close during the fourth quarter of 2020….
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Turkey’s Pegasus launches flights to Karachi, Pakistan
ISTANBUL: Turkey’s digital airline, Pegasus, continues to expand its international network with the launch of its new Karachi – Istanbul SabihaGökçen flights, connecting Karachi, Pakistan to Istanbul, Turkey. Pegasus’ Karachi – Istanbul SabihaGökçen flights will commence on 25 September 2020. Flights from Istanbul SabihaGökçen Airport to Quaid-E-Azam International Airport will operate every Monday, Wednesday, Friday…
Pfizer and BioNTech propose expansion of pivotal Covid-19 vaccine trial
NEW YORK: BioNTech and Pfizer have submitted an amended protocol to the U.S. Food and Drug Administration to expand the enrollment of their Phase 3 pivotal COVID-19 vaccine trial to up to approximately 44,000 participants, which also allows for the enrollment of new populations. Enrollment in the trial has been proceeding as planned and the…
Citi Retail Services and Wayfair launch private label and co-brand credit cards
CHICAGO: Citi Retail Services and Wayfair, one of the world’s largest online destinations for the home, announced a long-term partnership to provide a new private label Wayfair Credit Card and co-brand Wayfair Mastercard with compelling rewards and benefits for Wayfair customers. This new partnership with Citi Retail Services – one of North America’s largest and…
ParkerGale invests in workload automation software company, SMA Technologies
HOUSTON: SMA Technologies Inc., a leading provider of workload automation software, has received a majority investment from ParkerGale Capital. Terms of the transaction were not disclosed, a news release said. Current President, Todd Dauchy, who joined the company as Chief Technology Officer in 2012 and became President in 2018, will be leading the company into…
Rio Tinto announces Executive Committee changes
MELBOURNE: Rio Tinto has announced that by mutual agreement, J-S Jacques will step down from his role as an executive director and Chief Executive of the Group. A process to identify his successor is underway. J-S will remain in his role until the appointment of his successor or 31 March 2021, whichever is earlier. This…
Esri and UN launch global storytelling competition
REDLANDS: Esri, the global leader in location intelligence, and the United Nations (UN) Sustainable Development Solutions Network (SDSN) have launched the 2020 ArcGIS StoryMaps Competition for the Sustainable Development Goals. The SDSN is a leading nongovernmental organization (NGO) working to mobilize global scientific and technological expertise for sustainable development. According to the organization’s president, economist…
Hawk Ridge Systems acquires Quest Integration
MOUNTAIN VIEW: Hawk Ridge Systems has acquired Quest Integration, a leading DS SOLIDWORKS Reseller in the West, a news release said. The combined company will be the largest provider of HP and Markforged 3D printing solutions and one of the most comprehensive North American DS SOLIDWORKS Reseller networks, with 22 offices serving 23,500 clients in…
MaxLinear acquires NanoSemi
CARLSBAD: MaxLinear Inc. has completed the acquisition of NanoSemi Inc. for an initial transaction consideration consisting $10 million in cash and 804,163 shares of MaxLinear’s Common Stock. NanoSemi is an industry-leading provider of intellectual property that utilizes patented machine learning techniques to improve signal integrity and power efficiency in SoCs, ASICs, and FPGAs used in…
Brookfield Property and Simon Property to acquire JCPenney retail and operating assets
PLANO: J.C. Penney Company Inc. has reached an agreement in principle to sell JCPenney through a court-supervised sale process. The Company plans to seek approval of a disclosure statement and, ultimately, confirmation of a plan of reorganization in parallel with the sale process. Related to the sale process, JCPenney expects to execute a “stalking horse”…
Strategic Data Center acquires data center in Northern Virginia for $8.25 million
COSTA MESA: Strategic Data Center Fund Manager LLC announced acquisition of a tier III data center, which includes 21,100 rentable square feet and is located in one of the largest and most prominent data center markets in the world. The building is 100% leased to a data center service provider that has over 100 years…
T-Mobile launching New Motorola razr 5G
BELLEVUE: T-Mobile announced that the new Motorola razr is coming to the Un-carrier, bringing more options for customers to tap into the first and largest nationwide 5G network in the US. The razr brings back the old school flip phone now reinvented and packed with the power of 5G, tapping into T-Mobile’s LTE and 5G…