Northway Biotechpharma to manufacture Memo’s Covid1-9 drug MTX-COVAB

Northway Biotechpharma to manufacture Memo’s Covid1-9 drug MTX-COVAB

Memo Therapeutics (MTx), a Swiss biotech company, has entered into a partnership with Northway Biotechpharma, under which the latter will manufacture the former’s MTX-COVAB – a COVID-19 antibody candidate in a four-month fast-track process. Northway Biotechpharma is a biopharmaceutical contract development and manufacturing organization (CDMO) based in Lithuania. MTX-COVAB, which is the lead antibody candidate […]

Online apparel retailer Vinted raises €128m from Lightspeed Venture and others

Online apparel retailer Vinted raises €128m from Lightspeed Venture and others

US venture capital firm Lightspeed Venture Partners has led a EUR128 million Series E funding round for Vinted, a Lithuanian second hand apparel online marketplace. The funding was also backed by previous investors including Sprints Capital, Insight Venture Partners, Accel Partners, and Burda Principal Investments. Through its app, the second hand apparel online marketplace lets […]

Lithuania’s Maxima Grupe offers to buy Polish retail chain Stokrotka

Lithuania’s Maxima Grupe offers to buy Polish retail chain Stokrotka

Retail acquisition news : Lithuanian retail chain Maxima Grupe has offered to acquire 100% of Emperia Holding, the controlling stakeholder and operator of Polish retail chain Stokrotka for nearly PLN1.19 billion (€283 million). The parties have signed an investment agreement and will see Maxima submit a tender for the proposed acquisition. Stokrotka operates 410 stores […]