Trimble, an American industrial technology company, will acquire Transporeon, a cloud-based logistics software company, from Hg, a software and services investor and current majority shareholder in the business, for €1.88 billion in cash. The proposed acquisition of Transporeon is expected to increase Trimble’s sustainability offering and footprint in Europe as well as total addressable market […]
BMW India has unveiled the new BMW M340i xDrive car at an ex-showroom price of INR 69,20,000 with deliveries to begin from January 2023 onwards. The BMW M340i with an M engine is locally produced at the BMW Group facility in Chennai, India. With an output of 374 hp and 500 Nm maximum torque, the […]
Pernod Ricard will invest around $250 million over the next five years to build a new green distillery in Kentucky to further strengthen its American whiskey portfolio, The American Whiskey Collective. The French beverage company will use the funds to construct the new 7.5 million proof gallon capacity carbon neutral distillery and related warehouses in […]
Arcellx, a US-based clinical-stage biotechnology company, and Kite, a Gilead company, are partnering to co-develop and co-commercialize the former’s CART-ddBCMA, a late-stage product candidate. CART-ddBCMA, currently in phase 2 clinical development, is intended for the treatment of patients with relapsed or refractory multiple myeloma. Arcellx and Kite will share development, clinical trial, and commercialization costs […]
Boston Scientific, a US medical device maker, has offered to acquire a stake of up to 65% in Chinese medical technology company Acotec Scientific for a sum of around $523 million. Acotec Scientific offers solutions for vascular interventional and other diseases treatment, including drug-coated balloons and percutaneous transluminal angioplasty balloon catheter. With over 20 other […]
Crescent Point Energy, a Canada-based oil and gas company, has agreed to acquire certain Kaybob Duvernay assets in Alberta from Paramount Resources for CAD 375 million ($275.49 million) in cash. The acquisition is said to increase Crescent Point Energy’s drilling inventory in the play to more than 20 years and improve its land position to […]
Takeda has received the European Commission’s (EC) marketing authorization for the company’s dengue vaccine QDENGA (Dengue Tetravalent Vaccine [Live, Attenuated]) (TAK-003). The QDENGA vaccine is indicated for use in individuals aged four and above in the European Union (EU) to prevent any of the four dengue serotypes. The approval from the EC was backed by […]
The US Federal Trade Commission (FTC) has filed an antitrust suit to block Microsoft’s $68.7 billion acquisition of Activision Blizzard, a video game developer. The move is expected to create substantial hurdles for Microsoft in the acquisition of Activision Blizzard. The FTC, in a complaint, alleged Microsoft’s deal would empower the company to suppress competitors […]
Pfizer and BioNTech have received the US Food and Drug Administration (FDA) emergency use authorization (EUA) for their Omicron BA.4/BA.5-adapted bivalent Covid-19 vaccine for children aged six months to four years. The shot is authorized as the third 3-µg dose in the three-dose primary series. Albert Bourla — Pfizer Chairman and CEO said: “This authorization […]
Industrial gases company Air Products and AES Corporation, an American utility and power generation company, have joined forces to construct a new green hydrogen project in Wilbarger County, Texas. As part of the collaboration, the companies are planning to invest around $4bn to build, own and operate the green hydrogen manufacturing plant. The green hydrogen […]