Latest Posts Under: Business News Articles

Construction begins on Merck Biotech Development Center in Switzerland

Merck has broken ground on the €250 million Merck Biotech Development Center, a new biotech development facility in Switzerland at Corsier-sur-Vevey. The new facility will be used for biotech development and manufacturing for clinical studies. Construction on the biotech development facility is likely to be wrapped up next year with full operations to begin by […]

City of Hope Newport Beach opens for cancer treatment in Orange County, CA

City of Hope Newport Beach : City of Hope, a National Cancer Institute-designated comprehensive cancer center, has inaugurated its first location in Orange County at Newport Beach, California. The new cancer treatment center which is located at 1601 Avocado Avenue, is said to have the latest customized therapies and highly specialized physicians to provide medical […]

Northern Offshore wins contract for Energy Embracer jack up rig in Qatar

Offshore drilling contractor Northern Offshore has bagged a contract from Qatar Petroleum for its GustoMSC CJ46 jack-up unit – Energy Embracer. Delivered from the Shanghai Waigaoqiao Shipyard in China in December 2018 to Northern Offshore, the Energy Embracer jack up rig has since been warm stacked, going through maintenance and inspections from the shipyard and […]

Dover to acquire Soft-Pak, a software provider for waste and recycling fleet industry

Dover acquisition of Soft-Pak : Industrial products manufacturer Dover has agreed to acquire So. Cal. Soft-Pak (Soft-Pak), a provider of software for the waste and recycling fleets. Based in California, Soft-Pak serves the waste and recycling fleet industry with integrated back office, route management, and customer relationship management software solutions. Soft-Pak is claimed to have […]

Wuhan coronavirus : AirPHX non-thermal plasma technology to protect from deadly virus

AirPHX said that an independent testing lab has confirmed that its non-thermal plasma technology is highly effective in protecting people from potential exposure to the Wuhan coronavirus or novel coronavirus (2019-nCoV). The technology from airPHX can be scaled for the treatment of air and surfaces in large facilities like hospitals, hotels, airports, schools, and other […]

Sorrento Therapeutics turns down $993m takeover bid from private equity firm

Sorrento Therapeutics, a California-based biopharma company, has turned down a takeover bid worth about $993 million from an undisclosed private equity fund, as per the latest pharma acquisition news. Earlier this month, the US biopharma company was offered $7.00 per share for the acquisition of a majority stake or 100% in the former. Sorrento Therapeutics […]

Allergan to sell brazikumab to AstraZeneca and Zenpep to Nestle

Allergan has agreed to sell IL-23 inhibitor brazikumab to AstraZeneca and gastrointestinal medication Zenpep (pancrelipase) to Nestle in separate agreements, as per the latest pharma acquisition news. Financial details of the two deals have not been disclosed. The divestments are being taken up in an effort to wrap up the $63 billion AbbVie acquisition of […]

Texas GulfLink terminal : Sentinel Midstream, Freepoint Commodities sign agreements

Sentinel Midstream has signed agreements with Freepoint Commodities to advance the construction, operation, and utilization of the Texas GulfLink terminal, located off the coast of Freeport, Texas. The deepwater crude oil export facility will have the capacity to fully load very large crude carrier vessels (VLCCs). David Messer – Freepoint CEO said: “Freepoint recognizes the […]

Stork Worley JV wins contract for Neptune’s Dutch assets in North Sea

Fluor said that Neptune Energy has given a four-year framework agreement to its Stork Worley Integrated Solutions joint venture pertaining to a brownfield modification for its Dutch assets in the North Sea. Under the contract,  Stork Worley Integrated Solutions will deliver engineering, procurement, construction, installation and commissioning, and decommissioning services. Fluor said that it will book […]

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