EDF Renewables North America, a subsidiary of EDF Renewables, has acquired PowerFlex Systems, a California-based managed electric vehicle (EV) charging technology provider, for an undisclosed amount. The transaction will enable EDF Renewables to continue its strategic growth in the distributed energy market. PowerFlex Systems has deployed some of the largest single-site EV charging facilities worldwide […]
Vertex acquisition of Semma Therapeutics : US biotechnology company Vertex Pharmaceuticals has agreed to acquire privately-held biotechnology company Semma Therapeutics for $950 million in cash, as per the latest pharma acquisition news. Both the pharma companies are based in Massachusetts. Post-acquisition, Vertex Pharmaceuticals will advance curative cell-based treatments of Semma Therapeutics for type 1 diabetes and […]
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US biotech company Puma Biotechnology has secured orphan drug designation to NERLYNX (neratinib) from the US Food and Drug Administration (FDA) for the treatment of breast cancer patients having brain metastases, as per the latest pharma regulatory news. The FDA orphan drug designation program is given to investigational drugs designed for the treatment, prevention, or […]
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Lincoln Clean Energy (LCE), the US onshore subsidiary of Danish energy giant Ørsted, has issued the final Notice to proceed on the 230MW Plum Creek wind farm in Nebraska, as per the latest US wind industry news. The notice follows the final investment decision taken on the Wayne County wind farm in Nebraska by Ørsted’s […]
Apothic Wines has rolled out its first-ever limited-edition Apothic Sparkling Red for red wine lovers in the US, as per the latest drinks industry news. The scarlet sparkler was masterfully crafted to be surprisingly refreshing with its lines of ruby bubbles and its notes of bright cherries, zingy citrus, and red apples, according to the […]
XCMG, a Chinese multinational heavy machinery manufacturing company, has introduced three new excavators designed especially for the Indian market. Launched in Chennai, India, the XE80C, XE104I, and XE125C models will be able to perform in the high temperatures and humid working conditions. The energy-efficient XE80C excavator features an engine with all-new load sensing hydraulic system […]
German fintech company Wirecard has entered into a memorandum of understanding with Brightstar, a device lifecycle management company, to collaborate in the areas of digital consumer lending, payment acceptance processing and card issuing for the retail channel. The cooperation is expected to help Wirecard increase its transaction volume and consumers upgrade their smartphone devices more […]
US chemical company Quaker Houghton has entered into an agreement with Norman Hay, a UK chemical manufacturing company, to acquire the latter’s operating divisions, for about $98 million. Norman Hay offers specialty chemicals, operating equipment, and services to industrial end markets such as aerospace, automotive, oil and gas, and power generation through four divisions, namely […]
German pharma company Fresenius Kabi has launched the Phenylephrine Hydrochloride Injection, USP in the US, which is an alpha-1 adrenergic receptor agonist indicated for raising blood pressure in adults with clinically important hypotension caused mainly from vasodilation, in such settings as anesthesia or septic shock. Fresenius Kabi Phenylephrine Hydrochloride Injection, USP has been rolled out […]
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California American Water has agreed to acquire the potable water distribution system of Bass Lake Water, which caters to nearly 1,000 customer connections in the Bass Lake community. Bass Lake is situated nine miles from Oakhurst, California, where California American Water had signed an agreement to acquire the Hillview Water Company, which serves close to […]