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Generation secures funding & in-kind resources to tackle unemployment
Generation, a non-profit employment organization, has reportedly secured a new funding worth $77 million, along with $50 million in-kind resources. The recent funding round involved Verizon, Microsoft, McKinsey & Company, and BlackRock and will help the organization increasingly tackle unemploym... Read More
Telesat picks Thales Alenia Space to develop low earth orbit satellites
Canadian satellite communications firm Telesat has reportedly signed a USD 3 billion contract with Thales Alenia Space, a French-Italian aerospace company to develop around 300 LEO (low earth orbit) telecommunication satellites. For those unaware, LEO satellites function relatively closer to eart... Read More
Cure.fit expands offline presence through Fitternity acquisition
According to reliable sources, fitness-based startup Cure.fit has acquired Bangalore-headquartered fitness facility aggregator platform, Fitternity, for establishing a greater number of offline fitness centers in India. The recent acquisition comes after the acquisition of American digital fitnes... Read More
Schivo acquires medical equipment supplier Supreme Screw Products
A renowned OEM contract manufacturing partner Schivo has reportedly acquired New York-based Supreme Screw Products, Inc. (SSP), a leading supplier of the precision machine, laser processing, and assembly services for the medical device market. Sources with knowledge of the matter stated that this... Read More
Fueloyal launches IoT and connected platform for vehicle manufacturers
Chicago-based tech company Fueloyal Inc. has revealed a new IoT and connected vehicle platform, which is specifically designed for automobile manufacturers as well as other corporations who are looking to enhance operational efficiency. Fueloyal’s newly launched solution will not only help ... Read More
Delivery Hero gains approval for collaboration with Woowa Brothers
Europe-based online food-delivery service provider, Delivery Hero SE, has reportedly declared that the company has sought regulatory approval for its joint venture with leading food delivery operator in South Korea, namely, Woowa Brothers Corp, from the Korea Fair Trade Commission. For the uninit... Read More
Engrail Therapeutics acquires biopharma company NeuroCycle Therapeutics
Engrail Therapeutics Inc. has reportedly acquired Neurocycle Therapeutics, a firm that specializes in sub-type selective GABA-A modulation. According to reliable sources, the acquisition will boost Engrail’s portfolio in the GABA-A space and offer a robust platform for commencing clinical tria... Read More
Volpara Health Technologies acquires CRA Health LLC for USD 23 million
New Zealand’s leading provider of breast imaging analytics Volpara Health Technologies has reportedly acquired CRA Health LLC, a Boston-based breast cancer risk assessment firm, for USD 23 million. The acquisition will provide Volpara complete access to CRA’s renowned technology, a cloud... Read More
Clover’s Phase-1 COVID-19 vaccine data published in The Lancet
According to reliable sources, China-based clinical-stage biotechnology company, Sichuan Clover Biopharmaceuticals Inc. has announced the publication of the data from its Phase 1 clinical trials of S-Trimer COVID-19 vaccine in The Lancet, a peer-reviewed general medical journal. For the record, t... Read More
Illumina, Sequoia Capital China partner to launch genomics incubator
U.S.-based leading genetic analysis and DNA sequencing solution provider, Illumina Inc. is reportedly collaborating with an investment company Sequoia Capital China to launch a life sciences incubator in the country. Sources claimed that the launch is aimed at catalyzing the startup ecosystem in Chi... Read More