In a landmark collaboration, Massachusetts Institute of Technology (MIT) and Applied Materials, Inc. have joined forces, along with a grant from the Northeast Microelectronics Coalition (NEMC) Hub, in a venture exceeding $40 million. This significant private and public investment is aimed at augmenting the advanced nano-fabrication equipment and capabilities at MIT.nano, MIT’s hub for nanoscale […]
Eli Lilly and Company (Lilly) has formally announced the culmination of its $309.6 million takeover of biopharma trailblazer, Sigilon Therapeutics, Inc. (NASDAQ: SGTX). This strategic acquisition propels Lilly’s quest to pioneer advanced encapsulated cell therapies, prominently spotlighting the SIG-002 treatment for type 1 diabetes. Driven by its mission to “Make life better,” Lilly’s acquisition is […]
Aditya Birla Capital Limited (ABCL), the holding company for the financial services businesses of the Aditya Birla Group, has wrapped up an impressive fundraise of Rs 3,000 crores, marking a new milestone in the company’s journey. The funds were raised through a Qualified Institutional Placement (QIP) of equity shares for Rs 1,750 crores, as well […]
Pharmaceutical giant Eli Lilly and Company (Lilly) has announced its definitive agreement to acquire Nasdaq-listed biopharma innovator Sigilon Therapeutics, in a move set to significantly impact the biopharmaceutical industry and the treatment of chronic diseases. The deal, valued at approximately $309.6 million excluding shares held by Lilly, not only promises to reshape the landscape of […]
E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company iRobot. As per the terms of the deal, Amazon is offering to buy iRobot’s shares for $61 per share. The consideration includes the net debt of iRobot, which is engaged in designing and developing thoughtful robots as […]
Antony Waste Handling Cell, an Indian municipal solid waste management company, has secured nearly INR90 crore from ten anchor investors, just ahead of its initial public offering (IPO) on Monday. The anchor investors of Antony Waste Handling Cell include Tata AIG General Insurance, Massachusetts Institute of Technology, SBI Mutual Fund, and 238 Plan Associates. Massachusetts […]