CMAB Biopharma, BJ Bioscience join forces for bi-functional antibody BJ-005

CMAB Biopharma (Suzhou), a pure-play biologics CDMO, and BJ Bioscience have signed an agreement for the development and manufacturing of a bi-functional antibody called BJ-005 as the first initiative in an exclusive collaboration. As per the terms of the agreement, CMAB will offer a complete range of CMC research and manufacturing services that address the […]

Lilly bags Reyvow FDA approval for acute treatment of migraine

Reyvow FDA approval : Eli Lilly and Company (Lilly) has bagged approval from the US Food and Drug Administration (FDA) for Reyvow (lasmiditan) for the acute treatment of migraine, irrespective of aura (a sensory phenomenon or visual disturbance), in adults. The oral treatment, which has been designed to bind to 5-HT1F receptors with high affinity, […]

Uber to acquire majority stake in Chilean online grocery company Cornershop

Ridesharing company Uber Technologies has agreed to acquire a majority stake in Cornershop, a Chilean online grocery company for an undisclosed price, as per the latest retail acquisition news. In addition to Chile, Cornershop provides its online grocery delivery services in Mexico, and more recently in Peru and Toronto in Canada. Headquartered in Santiago, the […]

IGB gas pipeline secures €110m loan from European Investment Bank

The European Investment Bank (EIB), through a loan of €110 million, has agreed to support the construction of the IGB Project- Gas Interconnector Greece-Bulgaria (IGB gas pipeline), a 182km long bidirectional pipeline that will link the natural gas systems of Bulgaria and Greece. ICGB AD is the promoter and beneficiary of the IGB gas interconnector. […]

COOEC-Fluor wraps up pipe spool fabrication for Al-Zour refinery project

Fluor said that its joint venture COOEC-Fluor Heavy Industries’ fabrication yard in Zhuhai, China, has completed the pipe spool fabrication portion under a contract related to the Al-Zour refinery project in Kuwait awarded by the Kuwait Integrated Petroleum Industries Company (KIPIC). COOEC-Fluor is said to have delivered over 95,000 pipe spools by engineering 337,000 linear […]

Gazprom Neft begins full-scale development of Achimovsky deposits

Messoyakhaneftegaz, a joint venture between Gazprom Neft and Rosneft, has commissioned a horizontal well at the Vostochno-Messoyakhskoye field in the Achimov deposits located in Siberia, Russia. The commissioning of the horizontal well marks the start of the full-scale development of the Achimovsky deposits located in the Gydan Peninsula, Tazovsky district, Yamalo-Nenets Autonomous Okrug. According to […]

Novatek, Gazprom Neft begin production from East-Urengoyskoye+North-Esetinskoye field

Arcticgas, a joint venture formed by Novatek and Gazprom Neft, has started commercial production at the East-Urengoyskoye+North-Esetinskoye field in Russia’s Yamal-Nenets Autonomous Region. Located within the Samburgskiy license area, in the Purovsky district, the East-Urengoyskoye+North-Esetinskoye field is estimated to produce more than a billion cubic meters of natural gas and also 0.2 million tons of […]

Prudential Financial wraps up $2.3bn acquisition of Assurance IQ

US financial services giant Prudential Financial has wrapped up its previously announced acquisition of US online insurance startup Assurance IQ, as per the latest insurance acquisition news. As per the terms of Prudential acquisition of Assurance IQ, announced last month, the online insurance company became a fully-owned subsidiary of the former. The online insurance provider, […]

Galderma launches phase 3 atopic dermatitis trial for nemolizumab

Galderma, a Nestle-owned Swiss pharma company, said that it has enrolled the first patients in a phase 3 clinical study evaluating nemolizumab for the treatment of moderate-to-severe atopic dermatitis. The late-stage clinical trial will feature adult patients, who are randomly grouped in a double-blinded, placebo-controlled study that will assess the efficacy and safety of the […]

Shiseido to acquire US prestige skincare brand Drunk Elephant

Shiseido acquisition of Drunk Elephant : Japanese personal care company Shiseido said that its US subsidiary – Shiseido Americas has agreed to acquire prestige skincare brand Drunk Elephant for an undisclosed price. The transaction is expected to bolster Shiseido’s position in the international prestige skincare market. Drunk Elephant was established by Tiffany Masterson in 2012 […]

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