Akulaku, a Southeast Asian fintech company, has secured an investment of $200 million from Japan-based Mitsubishi UFJ Financial Group (MUFG), marking the second strategic investment for the banking and digital finance platform this year. The funding is expected to help Akulaku expand its banking services across Southeast Asia. Akulaku’s future growth plans complement MUFG’s, accelerating […]
British multinational oil and gas company BP has completed the previously announced acquisition of Archaea Energy, a renewable natural gas (RNG) producer, for an enterprise value of around $4.1bn, including about $800 million of net debt. BP is anticipated to increase the company’s footprint in the US biogas industry. The acquisition is also expected to […]
Advent International, a global private equity investor, has invested $175 million to acquire a minority interest in Tredence, an India-based data science solutions provider. Tredence will use the funding from Advent International to increase data-fueled growth and artificial intelligence (AI) value realization for industries. The data science and AI Solutions company will also use the […]
Sempra Infrastructure, an arm of North American energy infrastructure company Sempra, has received permission from the US Department of Energy (DOE) to re-export US-sourced liquefied natural gas (LNG) from Mexico to non-Free Trade Agreement (FTA) countries through the company’s plants Energía Costa Azul (ECA) LNG and Vista Pacifico LNG. Under the DOE’s permits, Vista Pacifico […]
Merck has announced a collaboration with US-based Mersana Therapeutics to discover new antibody-drug conjugates (ADCs) by leveraging the latter’s proprietary Immunosynthen STING-agonist ADC platform. The collaboration complements Merck’s internal know-how and in-house antibody-drug conjugate method. As part of the agreement, Mersana Therapeutics will develop new antibody-drug conjugate product candidates against up to two targets using […]
Yorkshire Water, a UK water supply and treatment utility company, has contracted LTIMindtree, an Indian multinational technology consulting and digital solutions company, to upgrade the former’s operations across its clean water, waste water, and asset management businesses. Under the contract, LTIMindtree will migrate Yorkshire Water’s core business systems to the SAP S/4HANA platform covering areas […]
Johnson & Johnson (J&J) has closed the previously announced acquisition of Abiomed, a medical device technology company, for an enterprise value of around $16.6bn, in a move to strengthen its MedTech portfolio. The acquisition of Abiomed, which was announced in November 2022, is expected to add heart recovery solutions to the MedTech portfolio of Johnson […]
Butterfly Equity, a US-based investment firm specializing in the food sector, has agreed to acquire Milk Specialties Global, a human and animal nutrition manufacturer, from affiliates of American Securities for an undisclosed amount. The acquisition of Milk Specialties marks Butterfly Equity’s latest investment as part of the equity firm’s “seed to fork” strategy spanning agriculture […]
Lunsumio FDA approval : Genentech, a subsidiary of the Roche Group, has secured the approval of the US Food and Drug Administration (FDA) for Lunsumio (mosunetuzumab-axgb) for the treatment of relapsed or refractory (R/R) follicular lymphoma (FL) in adults, subjected to two or more treatments for their cancer. Lunsumio is a CD20xCD3 T-cell engaging bispecific […]
Eagle Pharmaceuticals has secured an additional indication for Pemfexy (pemetrexed injection) in the US, marking the fifth indication for the intravenous medication. Pemfexy in combination with Merck’s Keytruda and platinum chemotherapy has been now approved by the US Food and Drug Administration (FDA) for the initial treatment of patients with metastatic, non-squamous, non-small cell lung […]