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Cal-Maine Foods acquires Mahard Egg Farm assets

US fresh egg producer Cal-Maine Foods has wrapped up its previously announced acquisition of certain assets of Mahard Egg Farm, pertaining to the latter’s commercial shell egg production, processing, distribution and sale of shell eggs business. As per the latest food acquisition news, the acquired assets are commercial shell egg production and processing facilities that […]

McDermott wins contracts for two ethylene crackers in Russia

McDermott International has bagged a technology contract from Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company (CC7) in Russia for a couple of ethylene crackers. The ethane cracking project is owned by Baltic Chemical Complex, which is a subsidiary of RusGazDobycha. Under the […]

Viking Therapeutics initiates VOYAGE study for VK2809 in NASH

Viking Therapeutics has initiated the VOYAGE study, a phase 2b clinical trial of its liver-selective thyroid hormone receptor beta agonist VK2809 in patients with biopsy-confirmed non-alcoholic steatohepatitis (NASH). The California-based biopharma company said that clinical trial sites have been opened for enrolling patients after it got clearance of investigational new drug (IND) application for the NASH […]

Recipharm to acquire British CDMO Consort Medical for £505m

Recipharm acquisition of Consort Medical : Swedish pharma group Recipharm has agreed to acquire Consort Medical, a British contract development and manufacturing organization (CDMO) for £505 million, as per the latest pharma acquisition news. The transaction is said to help Recipharm become a major inhalation company and places it among the top five CDMO players […]

Confectionery giant Ferrero opens new distribution center in Jonestown

Global confectionery company Ferrero has inaugurated its new distribution center in Jonestown, Pennsylvania to support its organic growth and integration of new brands. The 730,000 square-foot facility, which is located at 112 Bordnersville Road, will offer 225 local jobs with 75 new positions this year and a further 150 jobs by the end of next […]

Jadestone Energy to buy OMV’s 69% stake in Maari Project, New Zealand

Singapore-based Jadestone Energy has agreed to acquire an operated stake of 69% in the Maari Project in the offshore Taranaki basin, New Zealand, from OMV New Zealand, for $50 million. The Maari Project is a mid-life producing asset within permit PMP 38160, which is contained in 100 metres water depth, nearly 80 kilometres southwest of North […]

Alkermes to acquire Boston-based neuroscience company Rodin Therapeutics

Alkermes acquisition of Rodin Therapeutics : Irish biopharma company Alkermes has agreed to acquire Boston-based neuroscience company Rodin Therapeutics in a deal worth up to $950 million as per the latest pharma acquisition news. Rodin Therapeutics is engaged in developing novel, small molecules for the treatment of synaptopathies. Alkermes acquisition of Rodin Therapeutics is said […]

Levo gets FDA fast track status for LV-101 in Prader-Willi syndrome

US biotech company Levo Therapeutics has been granted fast track designation for LV-101 (intranasal carbetocin) from the US Food and Drug Administration (FDA) for the treatment of Prader-Willi syndrome (PWS). According to the US National Library of Medicine, Prader-Willi syndrome is a complex genetic condition that impacts several parts of the body. In infancy, Prader-Willi […]

United Bankshares to acquire Carolina Financial for $1.1bn

United Bankshares acquisition of Carolina Financial : United Bankshares, the parent company of United Bank, has signed a deal worth around $1.1 billion to acquire Carolina Financial, the parent company of CresCom Bank, as per the latest banking acquisition news. The merger between the two US bank holding companies will create a major community bank […]

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