Finch Therapeutics, a US microbiome therapeutics company, has raised $53 million through a Series C financing round to advance its pipeline of microbial therapies, as per the latest pharma industry news. In addition to existing investors Avenir Growth Capital, Morgan Noble, Shumway Capital, and Willett Advisors, the funding for the US microbiome therapeutics company has […]
US pharma giant Pfizer has committed $500 million to expand its gene therapy by constructing a new gene therapy manufacturing facility in Sanford in North Carolina. Pfizer’s Sanford gene therapy facility will expand the company’s manufacturing footprint in North Carolina and help advance production of one-time gene therapies that use custom-made recombinant adeno-associated virus (rAAV) […]
US dairy company Borden has released new Borden Kid Builder, the firm’s first 2% no-sugar-added milk for kids, as per the latest dairy industry news. The dairy product with 50% more protein (13g per 240mL serving) and calcium (490mg per 240mL serving) than regular milk is made from non-rbST treated cows. Nick Suffredin – vice […]
US-based veterinary pharmaceuticals producer Elanco Animal Health has agreed to acquire German drug giant Bayer’s animal health business for $7.6 billion, financed by a combination of 70% cash and 30% equity. The transaction, which enhances emerging market presence and strengthens cattle business, will strengthen Elanco’s Innovation, Portfolio, and Productivity (IPP) strategy, creating the second largest […]
US smoothie brand Smoothie King will launch new Keto Champ smoothie in the country tomorrow 20 August, for carb-conscious consumers. Keto Champ with less than 10-net carbs per 20 oz. serving contains high fat and protein ingredients such as almond butter, grass-fed collagen peptides, MCT oil, cocoa, and almond milk. Containing no artificial colors, flavors […]
Sorted Group, a UK-based software as a service (SaaS) business, has secured £15 million in a Series B funding, taking the firm’s total funding to over £35 million since its inception in 2010. The investment is expected to help Sorted develop its technology and pave the way for overseas expansion. Alongside Praetura Ventures and NVM […]
US-based Horizon Global, a manufacturer of towing and trailering equipment, has agreed to divest its Asia-Pacific (APAC) business segment to Pacific Equity Partners for AUD 340 million in cash. Horizon Global plans to use the cash from the sale of the towing and trailering equipment business in APAC to bring down its debt significantly and […]
US convenience stores chain 7‑Eleven has introduced – 7-Select Replenish, a new sports drink that can replace electrolytes and minerals lost during exercise or strenuous activity. 7-Select Replenish details 7-Select Replenish is claimed to contain no artificial sweeteners or high-fructose corn syrup. The new 7‑Eleven sports drink, which is sweetened with stevia and real sugar, […]
Ghana-based clothing manufacturer and exporter DTRT Apparel has received an undisclosed sum of investment from Red Bull and Verod Capital Management, registering a massive boost for apparel manufacturing in West Africa. Through a global network spanning three continents, DTRT Apparel procures textiles from Asia and supplies to major US-and EU-based brands. Skip Richmond – co-founder […]
Pro a Pro, a French food service distributor, has deployed the Zilliant Sales IQ platform, becoming the third company within the German multinational wholesaler METRO group to implement and utilize the sales technology. The platform is expected to help Pro a Pro make data-driven decision-making, enrich intelligent sales data and provide sellers with actionable guidance. […]
