German-based biotechnology company CSL Behring has received conditional marketing authorization (CMA) from the European Commission (EC) for its Hemgenix (etranacogene dezaparvovec) indicated for the treatment of hemophilia B in adults. Hemgenix (also known as CSL222, previously known as AMT-061) is an adeno-associated virus five (AAV5)-based gene therapy intended to be given as a one-time treatment […]
Tirupati Graphite, a UK-based graphite and graphene company, has brought the newly built flake graphite production facilities online at its Sahamamy project in Madagascar, ramping up production and commercial sales. With the commissioning of new 18,000 tons per annum (tpa) facilities, the company has reached 30,000 tpa of flake graphite production capacity. Shishir Poddar — […]
FWD Group Holdings, a pan-Asian life insurance business, has agreed to acquire a majority stake in Gibraltar BSN Life Berhad to enter the Malaysian life insurance market. The stake is being divested by The Prudential Insurance Company of America, a wholly owned subsidiary of US-based Prudential Financial. Under the agreement, FWD Group and other investors […]
Quinbrook Infrastructure Partners, a specialist investment manager, has broken ground on four new synchronous condensers in Scotland, under phase two of National Grid ESO’s Pathfinder program. Collectively called the Scottish Portfolio, the projects are expected to help drive the United Kingdom’s energy transition toward net zero emissions of greenhouse gases. The synchronous condenser projects are […]
Hemab Therapeutics, a clinical-stage biotechnology company, has raised $135 million in a Series B financing round for advancing prophylactic treatments for underserved bleeding and thrombotic disorders. The company anticipates using the proceeds from the round to complete an ongoing phase 1/2 study of its bispecific antibody HMB-001 in Glanzmann Thrombasthenia apart from advancing its upcoming […]
American insurance brokerage firm PCF Insurance Services has secured a $500 million preferred equity investment at a valuation of $4.7 billion. PCF Insurance Services anticipates to use proceeds from the transaction to establish itself as a premier insurance brokerage firm in the US. The transaction is co-led by Carlyle’s Global Credit platform and existing minority […]
BrainBox AI, a provider of autonomous building technology, has secured an investment of CAD 6.5 million from Sustainability Development Technology Canada (SDTC). The investment forms part of SDTC’s commitment to encourage commercial real estate owners globally to reduce greenhouse gas emissions and improve the environmental impact of their real estate portfolios using artificial intelligence (AI). […]
Fluor Corporation, through its Advanced Technologies & Life Sciences business, will support the expansion of Agilent Technologies’ manufacturing plant in Frederick, Colorado. Under the contract, Fluor will provide architectural and engineering services and procure equipment for the $725 million expansion project that is anticipated to double Agilent Technologies’ manufacturing capacity of nucleic acids therapeutics, also […]
Eni Sustainable Mobility and PBF Energy have joined forces for the St. Bernard Biorefinery an under-construction biorefinery in Louisiana, which will enable the former to enter into the US biofuels market. The St. Bernard Biorefinery will be a 50-50 joint venture (JV) and is co-located with PBF Energy’s Chalmette Refinery in Louisiana. The biorefinery will […]
Enel Green Power Chile, a subsidiary of Enel Chile, has begun the commercial operations of its 382MW Campos del Sol solar power plant in Chile. The move follows the official authorization from the National Electricity Coordinator. The Campos del Sol photovoltaic power plant is situated 60km northeast of Copiapó, Atacama Region. The solar power plant […]