Life Sciences
Grab, the ride-hailing giant of Southeast Asia has recently announced a partnership with Ping An Good Doctor, the Chinese online healthcare and insurance platform. The joint venture is designed to enable Grab to provide various healthcare services on its online platform. Asia Times reports that …
Life Sciences
Pfizer has reportedly entered into an agreement with German biotech firm BioNTech, where it will pay up to $425 million to the privately-held company in an alliance that is aimed at developing more potent influenza jabs. The move is likely to push Pfizer among the …
Manufacturing & Construction
A leading automotive supplier, Lear Corporation has recently declared the mega opening of a new seat manufacturing facility in Flint, Michigan at the Buick City campus. By the end of 2019, the facility, spread across a 1,56,000-square-foot area, would reportedly employ 600 workers and is …
Chemicals & Materials
Saudi Aramco, the biggest oil company in the world, has reportedly approved two plans to enhance its chemical manufacturing capacity inside Saudi Arabia and in the United States, according to a statement released by the company. The Arabian Sun – Aramco’s internal company magazine, claims …
Life Sciences
The MD Anderson Cancer Center at the University of Texas, in association with Accelerator Life Science Partners, has launched the Magnolia Neurosciences Corporation for developing a new class of neuroprotective medications. The new company, reports indicate, will be involved in the development of novel therapeutics. …
Manufacturing & Construction
Massachusetts based MachineMetrics, a manufacturing analytics service provider, is reportedly set to form a partnership with Seco Tools, as the Swedish company looks to enhance its customer service capabilities globally. Sources with the knowledge of the matter stated that Seco is planning to use MachineMetrics’ …
Chemicals & Materials
In an effort to avoid the payment of higher prices due to retaliatory Chinese tariffs on the U.S. goods, China’s state-owned PetroChina International has recently announced that it is considering to temporarily halt its U.S. LNG purchases. Under the terms, PetroChina would boost its purchase …
Food & Beverages
Australia’s renowned honey brand, Capilano, looks all set to be taken over by a Chinese-Australian private equity group partnership for a USD 190 million bid. The move comes on the heels of Capilano’s rising backlash from local beekeepers and consumers over its use of Argentinian …
Power & Energy
China National Petroleum Corporation has reportedly planned to increase its stake in a leading gas reserve project in Iran, worth a $5 billion. This move would establish CNPC as a leader in world’s top gas field. According to credible sources, China National Petroleum Corporation would …