Chinese biopharma company Akeso raises $150m for antibody drug discovery

Akeso, a Chinese biopharma company engaged in antibody drug discovery and development in oncology and immunology therapeutic areas, has raised nearly $150 million through a Series D funding round. The investment in the clinical stage company was led by Loyal Valley Capital (LVC) and Sino Biopharmaceutical. The co-investors in the Series D round are healthcare […]

Parity Technology acquires hotel solutions provider Hotspot International

Hospitality technology company Parity Technology Solutions has acquired Hotspot International, a hotel solutions provider for an undisclosed price, in a move to bolster its position in the hospital technology industry. Hotspot International provides turnkey solutions in Mexico, the US, Central America, and the Caribbean. The company is engaged in offering High-Speed Internet Access (HSIA) and […]

Yangibana Rare Earths Project : DRA Pacific bags contract for processing plant

DRA Pacific has bagged a contract for the rare earths processing plant and the associated infrastructure of the Yangibana Rare Earths Project in Western Australia. The contract to the DRA Global subsidiary, worth around AUD 350 million ($239.8 million), is for providing engineering, procurement, construction and management (EPCM) services for the rare earths processing plant. It […]

RapidSOS raises $55m to advance emergency response technology

RapidSOS, a US emergency response technology company, has raised $55 million through a Series B funding round led by Energy Impact Partners (EIP), a technology investment firm supported by a coalition of global utilities. The New York-based RapidSOS claims to generate life-saving data from millions of connected devices annually to 9-1-1 and first responders directly […]

Texas’ Lockett wind farm sees start of commercial operations

The 184MW Lockett Wind farm in Wilbarger, Texas, has kicked off its commercial operations, the project developer Lincoln Clean Energy has announced. Annual renewable power generated by the wind farm will be in excess of 700,000MWh, which will be sufficient to meet the electricity needs of 70,000 U.S. homes. With Lockett Wind farm coming online,  […]

US government extends Chevron license to operate in Venezuela

US energy firm Chevron has been allowed to drill oil and gas in Venezuela, despite US sanctions on the country. The licence for Chevon has been extended by the Trump administration for three months in the country that is on the brink of economic and political collapse. With the extension, the licence will expire on […]

Petronas, Japan’s JXTG Holdings in race to buy stake in Bina Refinery

Malaysian oil and gas major Petronas and Japan’s JXTG Holdings are reportedly looking to acquire a stake in India’s Bina Refinery. Located at Bina in the state of Madhya Pradesh, the refinery has a crude oil processing capacity of 156,000 barrels per day (bpd). The Indian oil refinery, which was commissioned in June 2011, is […]

EBRD invests $166m in Ukrainian power transmission upgrade

The European Bank for Reconstruction and Development (EBRD) has announced an investment of €149 million ($166 million) in the power transmission system of Ukraine. The investment will support National Energy Company Ukrenergo in upgrading its key transmission infrastructure that is needed for the synchronization with the European electricity networks. It will also help the country […]

Celgene, Acceleron bag Reblozyl FDA approval for anemia in beta thalassemia

Reblozyl FDA approval : Celgene and Acceleron Pharma have bagged approval from the US Food and Drug Administration (FDA) for Reblozyl (luspatercept-aamt) for the treatment of anemia associated with beta thalassemia in adults who need regular red blood cell (RBC) transfusions. Reblozyl is now the first and only erythroid maturation agent to be approved by […]

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