Industry News

Asian Paints Takes Control with Majority Stake Acquisition in Harind Chemicals and Pharmaceuticals

Asian Paints secures majority stake in Harind Chemicals and Pharmaceuticals through staged acquisition over five years, with initial purchase of 51% equity. Acquisition aligns with Asian Paints' growth strategy and innovation focus.

Polygood Introduces Fully Recycled Plastic Panels to North American Market

The Good Plastic Co., originating from the Netherlands, expands into North America, introducing its Polygood line of recycled-content materials to promote sustainability and meet the region's growing demand for eco-friendly solutions.

Nigeria Implements Stricter Regulations on Sourcing Active Pharmaceutical Ingredients for Finished Products

Nigeria mandates sourcing APIs for domestic pharmaceuticals from approved suppliers, ensuring adherence to stringent quality standards. Companies must comply by January 2027 or face regulatory action.

First-Ever End-to-End Generative AI Quality & Trust Solution Unveiled in Healthcare by CitiusTech

CitiusTech unveils a pioneering Gen AI Quality & Trust solution for healthcare, addressing reliability and credibility needs. Combining software framework with consulting services, it offers automated measures and continuous monitoring.

FDA Extends Authorization for Paxlovid Use Until March 8, 2024

FDA revises Paxlovid emergency use authorization, allowing EUA-labeled Paxlovid use until March 8, 2024, shifting thereafter to NDA-labeled Paxlovid for treating mild-to-moderate COVID-19, ensuring continuity and safety.

Gilead Sciences Enhances Liver Portfolio Through Acquisition of CymaBay Therapeutics

Gilead Sciences' acquisition of CymaBay Therapeutics, highlighted by the addition of seladelpar to its liver portfolio, signals a strategic thrust into addressing unmet needs in primary biliary cholangitis (PBC).

FDA Approves Ipsen's Onivyde Regimen as Potential First-Line Standard-of-Care Therapy for Metastatic Pancreatic Adenocarcinoma

Ipsen's Onivyde regimen, now FDA-approved as first-line therapy for metastatic pancreatic adenocarcinoma, offers hope for a disease with dismal survival rates. The approval follows successful trials and recognition in treatment guidelines.

Bristol Myers Squibb's Neoadjuvant Opdivo Regulatory Filings Accepted in U.S. and EU for Resectable Non-Small Cell Lung Cancer Treatment Pathway

Bristol Myers Squibb advances neoadjuvant Opdivo with chemotherapy for resectable NSCLC, with FDA and EMA accepting regulatory filings. Phase 3 trial shows significant EFS improvement and favorable safety profile, reinforcing Opdivo's global impact in oncology.

Cheap Russian oil cuts OPEC''s share of India imports to record-low 50%

The annual share of OPEC''s oil in India''s crude imports fell to its lowest level ever in 2023 while that of discounted Russian barrels surged to an all-time high, data obtained from trade and industry sources show.

India Aims for ''Made in India'' Chip by December 2024 with Micron''s Investment

The government announced on Friday that Micron''s facility in Gujarat is expected to produce the first ''Made in India'' chip by December 2024.

India and EU Forge Strategic Alliance in Semiconductors: Strengthening Bilateral Cooperation for Innovation and Supply Chain Resilience

the Union Cabinet received information about an agreement between India and the European Commission under the EU-India Trade and Technology Council (TTC), focusing on collaborative efforts in semiconductor ecosystems, supply chain dynamics, and innovation.

Microsoft Amplifies AI Commitment with CoPilot Expansion and Vodafone Partnership

Microsoft has recently declared a substantial expansion of its CoPilot initiative. Simultaneously, the tech giant has forged a groundbreaking partnership with the global telecommunications behemoth, Vodafone to bolster its presence in the ever-evolving field of artificial intelligence (AI).

Information and Communications projects in Vietnam in Data Center Industry

Deputy Prime Minister Tr?n Luu Quang signed Decision 36/QÐ-TTg on 18th January 2024, approving the planning of information and communications infrastructure for the period 2021-30, with a vision to 2050.

Shell invests in the Victory gas field in the UK North Sea

Shell U.K. Limited (Shell UK) has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.

Wardwizard Showcases Innovative Electric Vehicle Concepts At The 10th Vibrant Gujarat Global Summit

At the 10th Vibrant Gujarat Global Summit, Wardwizard Innovations & Mobility Ltd., a leading Indian electric vehicle (EV) manufacturer, demonstrated its new concept in advancing the EV landscape.

Roche Holding AG has entered into an agreement with MOMA Therapeutics

Roche Holding AG signs a substantial deal worth over USD2 billion with MOMA Therapeutics for the identification of new targets in cancer research.

Johnson & Johnson has expanded its antibody-drug conjugate (ADC) pipeline through the strategic acquisition of Ambrx Biopharma

Johnson & Johnson acquires Ambrx for a significant USD2 billion investment, bolstering its cancer drug pipeline.

ADC-Focused OnCusp Therapeutics emerges with a significant $100M Series A raise

OnCusp Therapeutics Secures Oversubscribed USD100 Million Series A Financing to Advance Robust Portfolio of Assets for Cancer Patients.

Microsoft and Qcells establish a groundbreaking partnership in the field of solar energy

Microsoft has significantly advanced its commitment to renewable energy on January 9, 2024, through a strategic collaboration with South Korea''s Qcells.

LivnSense, Secures $2.75M in “Pre-Series A” Led by Pavestone Technology Fund

LivnSense, the cutting-edge artificial intelligence-driven decarbonization platform, has successfully raised USD2.75 million in a pre-Series A funding round led by Pavestone Technology Fund, a prominent venture capital firm specializing in transformative technologies.