Akthelia Pharmaceuticals, a preclinical drug development startup, and the University of Iceland have jointly secured a €6 million EU Horizon Grant for the IN-ARMOR project. The joint IN-ARMOR project is anticipated to develop new innate immune system inducers to deal with antimicrobial resistance (AMR), a global health threat, and minimize infections, including two of the […]
Vietnam-based technology and IT services provider FPT Software has opened a new nearshore development center in Nanning, Guangxi Province, China, as part of the company’s expansion strategy. The development center marks FPT Software’s 65th office worldwide and is anticipated to help the company offer its ready-made platforms and digital services to the Chinese automotive industry. […]
EvoEndo has landed an investment from GI Opportunity Fund 1, a new venture capital fund of the American Gastroenterological Association (AGA) for its unsedated transnasal endoscopy platforms. Further details of the investment have not been disclosed by the US-based medical device company. Founded in 2017, EvoEndo develops sterile single-use, flexible unsedated transnasal endoscopes for assessing […]
Masdar, a UAE-based renewable energy company, has acquired a 50% interest in the Big Beau project in California from EDF Renewables North America, in a move to increase its footprint in the US renewables market. The financial terms of the deal were not disclosed. The Big Beau project is one of eight joint venture projects […]
ImmunoGen, a US-based biotechnology company, will receive a non-dilutive term loan financing facility for up to $175 million from entities managed by Pharmakon Advisors. The proceeds, which will be available in two tranches, are anticipated to help ImmunoGen scale its growth trajectory in cancer space. The biotechnology company will receive the first tranche of $75 […]
MLM Biologics, a privately held medical device company, has been awarded approximately $1.5 million by the US Army Medical Research and Development Command (USAMRDC). Under the award, MLM Biologics will develop a new medical device to prevent infection in battlefield wounds from “…complex, traumatic, penetrating injuries in a far-forward, austere environment.” The device will incorporate […]
Cummins, an American engine and alternative power manufacturer, will make an additional investment of over $1bn across its engine manufacturing network in the US. The proposed investment, which aligns with President Joe Biden’s visit to Cummins in Fridley, Minnesota, will focus on upgrading the company’s facilities located in Indiana, North Carolina, and New York. The […]
Singapore-based Horizon Quantum Computing has secured $18.1 million in a Series A funding round, taking the company’s total funding to around $21.3 million. Horizon Quantum Computing anticipates using the proceeds from the round to scale, accelerate product development, and bring its technology to the market. The quantum software startup will also use the proceeds to […]
Emergent BioSolutions’ Narcan nasal spray has secured over-the-counter (OTC) designation from the US Food and Drug Administration (FDA), becoming the first and only prescription strength naloxone nasal spray to receive the status in the country. Narcan Naloxone HCl nasal spray 4 mg is indicated for emergency treatment of opioid overdose, including illegal fentanyl, in the […]
Wolfspeed, a silicon carbide technology provider, and North Carolina Agricultural and Technical (NC A&T) State University, a black land-grant research university, have joined forces to construct a new research and development (R&D) facility in the US. To this effect, Wolfspeed and NC A&T plan to submit the proposal for the CHIPS and Science Act funding. […]