Shopify acquisition of 6 River Systems : Canadian e-commerce company Shopify has agreed to acquire outstanding securities of US warehouse automation company 6 River Systems in a transaction valued at approximately US$450 million. The acquisition of 6 River Systems will add cloud-based software and collaborative mobile robots Chuck to the recently introduced Shopify Fulfillment Network. […]
Cox Automotive investment in Rivian : US electric vehicle manufacturer Rivian has secured an equity investment of $350 million from automotive services company Cox Automotive, an Atlanta-based business unit of Cox Enterprises. Founded in 2009, Rivian is engaged in developing vehicles, products, and services for sustainable transportation. The US automaker and automotive technology company, which […]
US medical device company Equashield through Japanese distributor Tosho has entered into an exclusive agreement with IV tube manufacturer PAL Medical to provide Equashield’s Closed System Transfer Devices (CSTDs) to oncology nurses in Japan. Post agreement, Tosho will provide PAL Medical with Equashield’s closed IV connectors to develop safer IV sets for oncology nurses administering […]
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The University of California San Diego (UC San Diego) and BioMed Realty have opened the Center for Novel Therapeutics (CNT) – a new cancer research center at the former’s Science Research Park in San Diego, California. The cancer research center in San Diego, which spans 137,500sft, has been developed with an investment of $92 million […]
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Hydrite Chemical, a US chemicals and related services manufacturer and supplier, will showcase its new food processing technology solutions Hydri-Vision and HydriPet at Process Expo 2019, which will be held from October 8 to 11, at Chicago’s McCormick Place Convention Center. Hydri-Vision is a patent-pending inline system for collecting, analyzing, and documenting parameters of cleaning, […]
Global Bakeries acquisition of Better Baking : Global Bakeries, a commercial bakery based in California led by Surge Private Equity, has acquired Better Baking for an undisclosed price. Financing for the acquisition was provided by The Firmament Group, as per the latest food acquisition news. Better Baking, which is based in Van Nuys, California, has […]
X-Chem, a US biotech company, has entered into a drug discovery partnership with Japanese dermatology company Maruho to discover lead compounds for new and difficult targets for the treatment of human ailments. Post agreement, X-Chem will use its DNA-encoded library (DEX) screening platform to search for novel drug-like leads for Maruho targets associated with human […]
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Kellogg’s MorningStar Farms is set to introduce Incogmeato, a new addition to its plant-based portfolio, as per the latest food product launch news. The Incogmeato product line includes ready-to-cook plant-based burger patties to be sold in the refrigerated meat case, and frozen, fully prepared plant-based nuggets and Chik’n tenders. Sara Young, General Manager at MorningStar […]
OncoCyte acquisition of Razor Genomics : US diagnostic tests developer OncoCyte has agreed to acquire Razor Genomics, a provider of molecular diagnostic testing services for lung cancer. Initially, the diagnostic tests developer will acquire an initial 25% equity interest in the form of the Razor Genomics’ preferred stock for $10 million. After closing of the […]
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Khiron Life Sciences, a Canadian cannabis producer, has begun the construction on a new medical cannabis production plant in Uruguay, thereby expanding multi-jurisdiction and export capacity. The new cannabis cultivation and processing facility is located in Juan Lacaze. The medical cannabis production plant with a production capacity of 17 tons per year will increase Khiron […]
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