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Swiss insurer Chubb to increase stake in Huatai Insurance in $1.5bn deal

Swiss insurance company Chubb has agreed to purchase an additional stake of 15.3% of China-based Huatai Insurance Group, as per the latest insurance acquisition news. Huatai Insurance Group is the holding company of Huatai P&C Insurance Company, Huatai Life Insurance Company, and Huatai Asset Management Company, and other subsidiaries. Following the completion of the share […]

ConocoPhillips Skandinavia gets PSA consent for drilling in North Sea

Norway’s Petroleum Safety Authority (PSA) has granted consent for ConocoPhillips Skandinavia to undertake exploration drilling in Block 25/7 in the Norwegian part of the North Sea. With the approval, ConocoPhillips Skandinavia can now move ahead with the drilling of Well 25/7-9 S in production licence PL 917 where it will evaluate the Hasselbaink prospect. Well […]

EPR Properties sells charter school portfolio for $454m to Rosemawr

EPR Properties, a Missouri-based real estate investment trust (REIT), has sold substantially all of its charter school portfolio, comprising 47 charter school related assets, for nearly $454 million to a fund sponsored by Rosemawr Management. The sale does not include three charter schools that the real estate investment trust sold in Q4 2019 for $21.6 […]

Novartis to acquire The Medicines Company for $9.7bn with eye on inclisiran

Novartis acquisition of The Medicines Company : Swiss drugmaker Novartis signed a deal worth $9.7 billion to acquire US biopharma company The Medicines Company, as per the latest pharma acquisition news. As per the terms of the all-cash deal, Novartis will acquire The Medicines Company for $85.00 per share. The Medicines Company, which is headquartered […]

Hydrocarbon Processing 2019 Awards : Fluor’s Deep Dewpointing Process is best gas processing/LNG technology

Fluor Corporation has bagged the best gas processing/LNG technology award for its Deep Dewpointing Process (DDP) at the Hydrocarbon Processing 2019 Awards held at Houston, Texas. The Deep Dewpointing Process is Fluor’s Cryo-Gas technology solution for rich, unconventional gas applications with 6-12 gallons per minute natural gas liquid content and 500 pounds per square inch […]

Atlantic Gulf & Pacific invests in LNG vessel developer Kanfer Shipping

Atlantic Gulf & Pacific (AG&P), a Singapore-based downstream gas and LNG logistics company, has made an equity investment in LNG vessel developer Kanfer Shipping. Based in Norway, Kanfer Shipping develops small-scale LNG sea transportation, floating storage facilities, maritime break-bulk solutions, and also LNG bunkering. Through their partnership, Kanfer Shipping and Atlantic Gulf & Pacific expect […]

Usona Institute gets FDA breakthrough status for psilocybin in MDD

Wisconsin-based Usona Institute has been granted breakthrough therapy designation for psilocybin from the US Food and Drug Administration (FDA) for the treatment of major depressive disorder (MDD). According to Usona Institute, the designation secured by psilocybin for major depressive disorder acknowledges the unmet medical need in the broad population and also the potential for significant […]

ALTA-1L trial results : Takeda’s ALUNBRIG continues to show superiority over crizotinib

ALTA-1L trial results : Takeda Pharmaceutical says that ALUNBRIG (brigatinib), its tyrosine kinase inhibitor (TKI), is continuing to show superiority over crizotinib in the phase 3 ALTA-1L trial. The Japanese pharma company released updated data from the late-stage trial involving adult patients having advanced anaplastic lymphoma kinase-positive (ALK+) non-small cell lung cancer (NSCLC) who did […]

SK Biopharmaceuticals bags XCOPRI FDA approval for partial-onset seizures

XCOPRI FDA approval : SK Biopharmaceuticals said that its US subsidiary SK Life Science has been granted approval from the US Food and Drug Administration (FDA) for its anti-epileptic drug XCOPRI (cenobamate tablets) for the treatment for partial-onset seizures in adults. According to the FDA, a seizure is normally a short episode of abnormal electrical activity […]

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