PHOENIX: Magellan Health Inc. launched Magellan Health Studio to accelerate the design, development and delivery of next generation products complemented by integrated digital solutions for health plans, healthcare systems, providers and ultimately patients, a news release said. Magellan Health Studio, located in Frisco, Texas, will focus on solving healthcare’s most vexing issues through a human-centered…
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Cannabis in Illinois ushers in a new era of consumption
CHICAGO: NuMed, a rapidly expanding Chicago-based vertically integrated Cannabis company, has launched their new name and brand NuEra. NuEra covers their three current Illinois retail locations, a newly acquired cultivation center in Rochelle IL, and their new brand of Flower and Prerolls. The name NuEra highlights the fact that legalization in Illinois didn’t just change…
AWS announces general availability of Amazon Fraud Detector
SEATTLE: Amazon Web Services Inc. (AWS) announced the general availability of Amazon Fraud Detector, a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment and identity fraud. Using machine learning under the hood and based on over 20 years of fraud detection expertise from Amazon, Amazon Fraud…
NortonLifeLock finalizes sale of Culver City, California Campus for $120mn
TEMPE: NortonLifeLock, a global leader in consumer Cyber Safety, has finalized the sale of its Culver City, California campus with Northwood Investors for $120 million, a news release said. “The sale of the Culver City campus is another step toward achieving our forecasted $1.5 billion in proceeds from underutilized assets,” said Natalie Derse, chief financial…
Intel deploys new executive team to lead company’s technology organization
SANTA CLARA: Intel CEO Bob Swan announced changes to the company’s technology organization and executive team to accelerate product leadership and improve focus and accountability in process technology execution. Effective immediately, the Technology, Systems Architecture and Client Group (TSCG) will be separated into the following teams, whose leaders will report directly to the CEO: Technology…
COVID-19: Pfizer and BioNTech commence pivotal Phase 2/3 global study
NEW YORK: Pfizer Inc. and BioNTech SE announced the start of a global (except for China) Phase 2/3 safety and efficacy clinical study to evaluate a single nucleoside-modified messenger RNA (modRNA) candidate from their BNT162 mRNA-based vaccine program against SARS-CoV-2. After extensive review of preclinical and clinical data from Phase 1/2 clinical trials, and in…
Owl Labs launches Meeting Owl Pro in UK to connect in-office and remote employees
LONDON: Owl Labs has launched Meeting Owl Pro in the United Kingdom to bring distributed teams together. The Meeting Owl Pro is a smart video conferencing device featuring a 360° camera, mic, and speaker with 1080p resolution and a radius of over 5 meters, allowing for a seamless and fully immersive group meeting experience, a…
Moderna expands BARDA agreement to support COVID-19 vaccine program
CAMBRIDGE: Moderna Inc., a clinical stage biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, announced a modification to its contract with the Biomedical Advanced Research and Development Authority (BARDA) for an additional commitment of up to $472 million to support late stage clinical development…
Berkshire Partners joins with Eric Roza to acquire CrossFit
BOSTON: Berkshire Partners, a Boston-based investment firm, announced it has jointly entered into an agreement with technology entrepreneur and CrossFit gym owner Eric Roza to acquire CrossFit. In the 20 years since its founding, CrossFit has grown from a garage gym in Santa Cruz, California, to become a leading global health and fitness brand, improving…
Pamela O’Rourke selected as a 2020 Most Admired CEO Honoree by Houston Business Journal
HOUSTON: Pamela Chambers O’Rourke, Founder and CEO of ICON Information Consultants, LP, has been named as a 2020 Most Admired CEO Honoree, an award which honors outstanding and admirable Houston-area CEOs. Judges scored each candidate based on his or her contribution to company success, civic involvement, career achievement and more. The judges selected 31 for-profit…
sPower closes on $700 million construction financing for 620 MW Spotsylvania Solar Energy Center
SALT LAKE CITY: sPower, a leading renewable energy Independent Power Producer (IPP), announced that the company closed on $700+ million construction/term loan financing for Spotsylvania Solar Energy Center in Spotsylvania County, Virginia. At 620 MW DC, this is the largest solar project east of the Rockies. The project is currently under construction, with phases coming…
REPAY acquires AP automation provider cPayPlus for $16 million
ATLANTA: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of cPayPlus LLC for up to $16.0 million, of which $8.0 million was paid at closing. The remaining $8.0 million may become payable in the third quarter of 2021, dependent upon the achievement of certain growth targets. The closing of the…