Thai Central Group makes a $200m investment in Grab’s Thai entity

Central will be acquiring a non-controlling but significant stake in the Thai entity of the Singapore based Grab. Grab, the Southeast Asian ride-hailing firm, recently announced that it has raised approximately $200 million from Thailand&r....

Lazada integrates RedMart to impel supermarket plans in Southeast Asia

The integration is likely to expedite Lazada’s supermarket and grocery offerings to over 165,000 products. The Alibaba-backed e-commerce company Lazada has recently announced that it will be integrating its e-grocer RedMart onto its ....

U.S. FDA approves first generic drug for asthma and COPD treatment

The generic drug will mean low cost but high-quality drug access to people suffering from chronic respiratory and lung diseases. The U.S. Food and Drug Administration recently announced that it has approved the first generic version of Adv....

Swift to connect its new GPI technology with R3’s blockchain platform

World’s leading financial messaging service provider Swift has recently announced a partnership with R3, a blockchain startup that leads a consortium of major financial institutions. As part of the partnership, Swift would be connecti....

Youxing Technology inks Cooperation Agreement with Kandi JV Company

Both companies will be deploying the online ride-sharing platform Cao Cao Zhuan Che to launch around 20,000 Kandi brand pure EVs. Kandi Electric Vehicles Group Co., Ltd., has apparently made it to the headlines for having joined hands with....

Roche to abandon Alzheimer’s drug crenezumab following failed trials

The news from Roche marks another failure in developing drugs for Alzheimer’s after many other drugmakers have stopped trials of prospective treatments. Roche Holding, the Swiss pharmaceutical giant, has recently confirmed that it wo....

DSM creates a joint venture with Nenter & Co to manufacture vitamin E

DSM is likely to acquire a 75 percent stake in the joint venture for about €135 million.   The new business will exclusively manufacture vitamin E for DSM The Dutch nutrition firm DSM has reportedly announced that it is plan....

AstraZeneca inks a value-based agreement with UPMC Health Plan

The deal links reimbursement for the blood thinner to the cardiovascular outcomes of patients.   Sources familiar with the development claim that patients would be required to pay between USD 7 and USD 10 for a 30-day supply of the....

Purdue Pharma teams up with Alivio Therapeutics to advance ALV-107

Purdue Pharma L.P., the Connecticut-based pharmaceutical company, has reportedly announced that it has signed a partnership agreement with Alivio Therapeutics to advance one of its product candidates via clinical development. As per truste....

Abcam acquires California-based antibodies developer Calico Biolabs

U.K. biotech firm Abcam has recently confirmed the acquisition of Calico Biolabs, a specialist in rabbit monoclonal antibodies based out of California. Calico is known to provide custom, high-quality recombinant rabbit monoclonal antibodies....