Researchers at the University of Cambridge have developed a new artificial intelligence (AI) algorithm, which can predict the complex chemical reactions outcomes with more than 90% accuracy and facilitate the drug discovery by suggesting ways to make complex molecules. Providing the chemical ‘map’ to the desired destination, the new algorithm also shows chemists how to […]
EDF Renewables North America, a subsidiary of EDF Renewables, has acquired PowerFlex Systems, a California-based managed electric vehicle (EV) charging technology provider, for an undisclosed amount. The transaction will enable EDF Renewables to continue its strategic growth in the distributed energy market. PowerFlex Systems has deployed some of the largest single-site EV charging facilities worldwide […]
Mobile health (mHealth) devices could help screen and detect a common heart condition atrial fibrillation (AF), according to the new study. Atrial fibrillation is a heart rhythm disturbance, affecting around one million people in the UK. People with atrial fibrillation are at increased risk of having a stroke and dying, as well as heart failure […]
Vertex acquisition of Semma Therapeutics : US biotechnology company Vertex Pharmaceuticals has agreed to acquire privately-held biotechnology company Semma Therapeutics for $950 million in cash, as per the latest pharma acquisition news. Both the pharma companies are based in Massachusetts. Post-acquisition, Vertex Pharmaceuticals will advance curative cell-based treatments of Semma Therapeutics for type 1 diabetes and […]
Apothic Wines has rolled out its first-ever limited-edition Apothic Sparkling Red for red wine lovers in the US, as per the latest drinks industry news. The scarlet sparkler was masterfully crafted to be surprisingly refreshing with its lines of ruby bubbles and its notes of bright cherries, zingy citrus, and red apples, according to the […]
German drugmaker Boehringer Ingelheim will initiate Phase 2 clinical trial of dual-acting GLP-1/glucagon agonist BI 456906 in obesity and diabetes in late 2019. The compound in-licensed from Zealand Pharma is derived from the natural gut hormone oxyntomodulin and activates both the GLP-1 and glucagon receptors to control metabolic activities. The dual agonist BI 456906 with […]
Campbell Soup has signed a deal to sell its European chips business to Valeo Foods, a portfolio company of CapVest Partners, for nearly £66 million. The European chips business of Campbell Soup includes the UK-based Kettle Foods and the Netherlands-based Yellow Chips. Kettle Foods, which is based in Norwich, England, produces hand-cooked crisps, rice snacks, […]
Mews Systems, a cloud-based property management software provider based in the Czech Republic, has secured $33 million in investment in a Series B round to further speed up its expertise to transform how hotels operate and serve guests. The funding led by investment firm Battery Ventures will enable new technology players to find innovative ways […]
Tilray acquisition of FOUR20 : Tilray, a Canadian pharmaceutical and cannabis company, through its wholly-owned subsidiary High Park Holdings has agreed to acquire 420 Investments (FOUR20) in an all-stock transaction valued at C$110 million. US-based FOUR20 is an adult-use cannabis retail operator which offers retail experience on high-quality product selection, education, and community to adult-use […]
US specialty retailer Conn’s HomePlus will open two new showrooms next month in Birmingham, Alabama, bringing total operating units to 135 across 14 states. The two new Birmingham locations located at 9530 Parkway East Roebuck and in Wildwood Centre, 251 Lakeshore Parkway mark third and fourth Conn’s HomePlus showrooms in Alabama. The stores follow the new Montgomery showroom, opened April 2019 […]
