Industry News

First-Ever OTC Gel for Erectile Dysfunction Receives US-FDA Approval

Futura Medical’s Eroxon is the first topical gel that men with erectile dysfunction can get without a prescription after the US Food and Drug Administration (FDA) approves Eroxon.

Smith & Nephew plc. Announces 510k clearance of its AETOS Shoulder System

Approval of The AETOS Shoulder System is a latest addition to Smith + Nephew's Upper Extremity portfolio.

Michigan PSC Awards USD 50M in Grants for Low-Carbon Energy Projects

State funds worth approximately USD50 million have been approved by the Michigan Public Service Commission (MPSC) for the improvement and development of low-carbon energy infrastructure projects throughout Michigan.

Elkem Buys Slovak Carbon Materials Producer VUM

Norway: On June 10th, 2023, Elkem ASA acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additi

US-FDA approves FoundationOne Liquid CDx for Braftovi

FoundationOne Liquid CDx becomes the first comprehensive genomic profiling test to be approved by the FDA.

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

Samsung Electronics Collaborates with Solar Edge to Develop Net Zero Home Ecosystem

Samsung Electronics announced that it has contracted a partnership with SolarEdge, the global market player in residential solar and storage solutions, to expand its coverage of the Net Zero Home ecosystem.

Meta will release a special app to compete with Twitter

According to reports, the corporation is already in contact with well-known figures like Oprah Winfrey and the Dalai Lama about joining the platform.

South Korea's Shipping Industry Set to Leverage AI Technology for Enhanced Efficiency

In a move aimed at revolutionizing the shipping industry, South Korea''s maritime sector is preparing to embrace artificial intelligence (AI) technology to boost efficiency and streamline operations.

Walton Launched New Models of Smart Refrigerators

Bangladesh: Walton launched the AIoT (Internet of Things) based Giantech (GT) series consisting of three new s of smart refrigerators.

Haryana Pollution Control Board to Raise Standards for Treated Sewage Water in Order to Prevent Waterbody Pollution

The state pollution board plans to modify the permitted quantities of contaminants and other components in treated sewage water before its release in a significant move to protect Haryana''s waterbodies.

US-FDA Approves Bionic Pancreas Developed By Bu Lab For Type 1 Diabetics

The Beta Bionics iLet ACE Pump and the iLet Dosing Decision Software have been approved by the U.S. Food and Drug Administration for use in type 1 diabetics six years of age and older.

Union Government Decided to Invest in Inland Waterways Infrastructure

On 13th June 2023, The Union Minister of Ports, Shipping and Water Transport is invested in infrastructure related to inland waterways to ensure a smooth transport channel and unlock the economic potential of the country''s interior areas. In addition, the Union Government planned to develop a mode

Archroma and Colourizd has Partnered to Produce Sustainable Textile Solutions

Archroma and Colourizd have collaborated to revolutionize the textile and fashion industries through Sustainable Fashion

China begins drilling 11,100-meter borehole in search of oil and Gas.

In its most recent attempt to uncover abundant mineral and energy resources, China has begun drilling an 11,100-meter borehole in its oil-rich Xinjiang province.

Ovivo Partners With E2metrix to Offer a Comprehensive Solution

Ovivo Inc., a global provider of wastewater and water treatment equipment, technologies, and systems, declared an agreement to partner with E2metrix Inc. to treat and eradicate perfluoroalkyl and polyfluoroalkyl substances ("PFAS"), also known as the "forever chemicals," and other emerging contamin

Bayer AG Expands Its Gene Therapy Portfolio with LNP Technology

The LNP delivery systems developed by Acuitas Therapeutics will help Bayer''s in vivo gene editing and protein replacement programmes, with the objective of selectively delivering RNA payloads to the liver.

India Steel market is expected to register a CAGR of 8.28% during the forecast period

The growing demand for automobiles, coupled with significant infrastructural development and government initiatives such as the "Smart City Mission," are key drivers fueling the expansion of the Indian steel market during the forecast period. These factors are expected to contribute to sustained ma

North Sea oil & gas projects with USD 14.9 billion investment tag inch closer to green light

The Storting, the Norwegian Parliament, has approved Aker BP''s plans for the development and operation (PDOs) of its oil and gas projects in the North Sea offshore Norway. These projects, which are expected to require investments of more than NOK 165 billion (roughly USD 14.9 billion), are one ste

Solvay partners with Sapio for Hydrogen Valley Rosignano, Italy Project

Green Hydrogen Production Plant will be developed in Italy which aspire to decarbonize Solvay’s activities with a capacity of 756 tons of green hydrogen per year that will be employed for peroxide production.