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Mirum gets FDA breakthrough therapy status for maralixibat for Alagille syndrome

Mirum Pharmaceuticals has secured the breakthrough therapy designation for maralixibat from the US Food and Drug Administration (FDA) for the treatment of pruritus associated with Alagille syndrome (ALGS) in patients, aged 1 year and older. The California-based biopharma company is engaged in the development and commercialization of new therapies for debilitating liver diseases. Alagille syndrome […]

Meritex begins construction on two industrial buildings in Kansas City

Minneapolis-based Meritex has started construction on a couple of new, 120,000-square-foot, industrial buildings in the Kansas City market, as per the latest construction industry news. The new buildings will each have a clear height of 28’ to go along with eco-friendly, insulated wall panels. The development, which will also have a shared truck court, will […]

Arena begins ADVISE clinical trial for etrasimod in atopic dermatitis

Arena Pharmaceuticals has dosed the first subject in the phase 2 ADVISE clinical trial, which is evaluating etrasimod for the treatment of moderate-to-severe atopic dermatitis (AD). Etrasimod is a once-daily, oral, selective sphingosine 1-phosphate (S1P) receptor modulator. Atopic dermatitis is considered to be a serious, chronic immune-mediated disease in which symptoms are varied. However, the usual […]

Kosmos Energy makes offshore gas discovery in Mauritania

Kosmos Energy has claimed to have pulled off a major offshore gas discovery in Mauritania following the drilling of the Orca-1 exploration well in the BirAllah area. The US-based upstream company said that results from the drilling campaign continue the 100% success rate from nine wells that are targeting the inboard gas trend in Mauritania […]

Tanami Expansion 2 project : Newmont Goldcorp to move ahead with Tanami gold mine expansion

Tanami Expansion 2 project : Newmont Goldcorp is set to increase its gold production in Australia after its board of directors approved the second expansion of the Tanami gold mine in the Northern Territory, as per the latest mining industry news. The Tanami gold mine is located 590 miles southwest of Darwin and 350 miles […]

Gas Entec bags contract for cargo handling system of LNG bunker vessel

Gas Entec has bagged an EPC contract from Sembcorp Marine Integrated Yard for the cargo handling system for a 12,000 cubic meter LNG bunker vessel. As per the contract terms, Gas Entec will be responsible for the engineering, procurement and construction (EPC) of the cargo handling system of the LNG bunker vessel, which will be […]

Pepticom secures investment for AI-driven peptide drug discovery

Israel-based Pepticom, which is engaged in using artificial intelligence (AI) for peptide drug discovery, has raised $5 million in a Series A funding round from the Chartered Group. Pepticom is a spin-out of Yissum, the technology transfer company of The Hebrew University of Jerusalem. The company’s artificial intelligence technology is said to optimize and significantly speed […]

PTC to acquire SaaS developer Onshape for $470m

PTC acquisition of Onshape : US software company PTC has agreed to acquire Onshape, developer of a Software as a Service (SaaS) product development platform that combines computer-aided design (CAD) with data management and collaboration tools, for around $470 million. As per the latest IT acquisition news, the deal is expected to fast track PTC’s […]

Eni discovers new resources in Sidri development lease in Gulf of Suez

Italian oil and gas giant Eni has pulled off the discovery of new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez, offshore Egypt. The discovery was made by the Petrobel, the operating company, which is held equally by Eni and the Egyptian General Petroleum Corporation (EGPC), through the drilling of an […]

Rio Grande LNG project : NextDecade secures $50m investment from Mubadala

US LNG development company NextDecade, the owner of the Rio Grande LNG project in the US, has secured an investment of $50 million from Mubadala Investment Company, an Abu Dhabi based state-owned investor. In this connection, Mubadala Investment will take a minority stake in NextDecade at a price of $6.27 per share. The investment from […]

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