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Bayer and Atara partner to develop treatment options for solid tumors
Bayer AG, a Germany-based leading pharmaceutical and life science company, has recently announced a strategic collaboration with an American biotechnology company Atara Biotherapeutics Inc. Sources with relevant information stated that the two company have teamed up to research, develop and manufact... Read More
Trax introduces Retail Watch in China to automate retail stores
Trax Retail, one of the leading global providers of analytics and computer vision solutions for the retail sector, has reportedly introduced its store monitoring and intelligence solution named ‘Retail Watch’ in China. Retail Watch helps grocery retail stores in automating in-store da... Read More
AWS announces Panorama, to add ML technology to camera systems
The Panorama devices will allow customers to inspect parts on manufacturing lines and ensure compliance with safety protocols. AWS’s new hardware system will also help in analyzing traffic across various retail stores. Amazon Web Services (AWS), a cloud services subsidiary of Amazon... Read More
OCP to invest and combine Maestral Solutions, Mistral under one roof
As per reliable sources, Netherlands-based global investment banking advisory and private equity firm Olympia Capital Partners (OCP) has announced a collaboration and strategic investment in Atlanta-headquartered software product development company Maestral Solutions Inc, along with Bosnian IT solu... Read More
NORINCO’s CR500 helicopter drone passes final inspection round
According to credible sources, Chinese state-owned defense corporation, NORINCO (China North Industries Group Corporation Limited) has recently passed the final inspection round for its unmanned helicopter system, CR500 Golden Eagle. For the record, the CR500 is a multipurpose helicopter drone sy... Read More
British government bans use of new Huawei 5G kit for security purposes
The British government has reportedly informed the country’s telecommunications firms not to install new 5G kit of Chinese multinational technology giant Huawei Technologies Co. Ltd. after September 2021. Sources close to the matter stated that the recent move comes amidst the effort to preven... Read More
Facebook fined for USD 6 million for sharing user info in South Korea
Reportedly, Facebook Inc. was fined for 6.7 billion won (US$6 million) by South Koreas Personal Information Protection Commission (PIPC)for sharing data of around 3.3 million users for business purposes. According to the PIPC, Facebook violated South Koreas personal information law by providing p... Read More
Nestle hands over Yinlu milk, canned porridge businesses to Food Wise
Nestle has reportedly made an agreement regarding the sale of its China Yinlu peanut milk & canned rice porridge enterprises to Food Wise Co., Limited. The transaction includes all of Yinlu’s operations, comprising its five factories in Sichuan, Fujian, Hubei, and Shandong. The financial t... Read More
US based candy manufacturer Mars to acquire Kind North America
Mars Inc., a leading international confectionery, pet food, and candy manufacturer, has reportedly announced the acquisition of Kind North America, a healthy granola and energy bars manufacturer, as the firm seeks to expand its global footprint. Kind, which is known for its healthy food products,... Read More
Janssen begins phase 3 trials of its potential COVID-19 vaccine in U.K.
According to reliable sources, Belgium-based multinational pharmaceutical company, Janssen Pharmaceutica has reportedly initiated the administration and enrolment of participants for the phase 3 clinical trials of its potential COVID-19 vaccine candidate. If sources are to be believed, the invest... Read More