Sanofi and Principia Biopharma have announced a significant partnership to develop and commercialize PRN2246, a promising oral drug candidate for multiple sclerosis (MS) and other central nervous system (CNS) diseases. The deal, which could be worth up to $805 million, positions PRN2246, a Bruton’s tyrosine kinase (BTK) inhibitor, at the forefront of MS treatment development. […]
Valeant Pharmaceuticals International has announced a significant transaction involving the sale of Sprout Pharmaceuticals back to its original owners. This strategic divestiture includes a deal where Valeant will receive a 6% royalty on global sales of Sprout’s female libido drug, Addyi (flibanserin), for 18 months following the closure of the sale. Background of the Acquisition […]
Drinks Industry News : Anschutz Entertainment Group (AEG), a sports and live entertainment company and hint inc., a manufacturer of unsweetened flavored water products have entered into a strategic multivenue water partnership. As per the multiyear agreement worked out by AEG Global Partnerships, hint will be the official flavored water at a dozen AEG music […]
In a significant shift within the pharmaceutical industry, Pfizer Inc. has announced its decision to exit the Hisun-Pfizer Pharmaceuticals joint venture by divesting its 49% stake to Sapphire I (HK) Holdings. The deal, for which the terms were not disclosed, marks the end of Pfizer’s involvement in the Chinese generic drugs market through this joint […]
Retail industry news : American retailer Sears has opened a new appliances and mattresses store in Pennsylvania, at Camp Hill while revealing its plans to open a similar store in Honolulu in the weekend. The new Sears new appliances and mattresses store in Camp Hill will be on the lines of the retailer’s Appliances & […]
Cosmetic industry news : Private equity firm Tengram Capital Partners has agreed to acquire RéVive, a luxury skincare brand from Shiseido Americas Corporation for an undisclosed price. Shiseido Americas is a subsidiary of Japanese personal care company Shiseido. The sale of the luxury skincare brand comes a year after it was bought by Shiseido Americas […]
Hotel industry news : Midtown Athletic Clubs has announced the opening of a new 55-room boutique hotel in Chicago named as The Hotel at Midtown, marking its foray into the hospitality sector. The new Chicago hotel is located between Bucktown, Lincoln Park and Logan Square neighborhoods, and is the final element of the $85 million […]
Food acquisition news : New Zealand-based dairy company Fonterra Co-operative Group has acquired a stake in US-based whey protein concentrate and lactose manufacturer Columbia River Technologies. The financial terms of the Fonterra acquisition of Columbia River Technologies has not been disclosed. With the transaction, the dairy giant joins Tillamook County Creamery Association (TCCA), an American […]
Food acquisition news : The Kraft Heinz Company, an American food company will quit from its joint venture Heinz Foods South Africa by divesting its 50.1% stake to partner Pioneer Food Group. The South African food manufacturer Pioneer Foods will take over as full owner of Heinz Foods South Africa after the transaction. Financial terms […]
Novartis, the Switzerland-based global healthcare giant, has announced its decision to acquire Advanced Accelerator Applications (AAA), a French radiopharmaceutical company, for $3.9 billion. This acquisition is aimed at bolstering Novartis’ oncology platform, with a focus on expanding its portfolio with innovative nuclear medicine treatments. Details of the Acquisition and Expected Benefits Novartis will purchase all […]