About Author : Mateen Dalal

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few other portals. Channelizing his experience in the technical and manufacturing domains, Mateen attempts to bring forth his knowledge of the core industries in his articles.



Contribution by Mateen Dalal

Merck to acquire cancer drug maker Peloton Therapeutics for $1.05Bn

The acquisition would help Merck strengthen its presence in the renal cell carcinoma space and support its cancer drug portfolio. U.S. pharmaceutical conglomerate, Merck & Co. Inc. has recently agreed to purchase Dallas based Peloton Therapeutic...

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Ikea invests in India’s one-stop interior design platform Livspace

The interior design platform had raised over $70 million last year with investment from TPG Growth & Goldman Sachs. The investment is Ikea’s first such deal in India, however it isn’t the company’s dalliance in India’s ...

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BioXcel unveils data from Phase 1 study of receptor agonist BXCL501

Sublingual administration of BXCL501 had achieved drug exposures that will be therapeutic for the acute treatment of agitation Reports confirm that BioXcel Therapeutics (BTI) has recently presented data from its Phase 1 pharmacokinetic (bioavailabil...

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Kazia to team up with U.S. oncology group for brain cancer drug trial

A multi-centre phase-two study will represent the fourth clinical trial ongoing for Kazia’s GDC-0084 drug candidate Kazia Therapeutics Ltd, an Australian oncology-focused biotechnology company, has recently entered into a partnership with the ...

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Roche delays acquiring Spark as regulatory review process continues

Roche, the leading Swiss pharma has pushed back its scheduled acquisition of the gene therapy specialist, Spark Therapeutics for third time in a row, as it waits for the U.S. government to complete regulatory review of the proposed $4.3 billion takeo...

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Veeba Foods ventures into child nutrition segment with V-Nourish

Condiments and sauce manufacturer Veeba Foods reportedly ventured into child nutrition segment with a new health beverage, V-Nourish. According to sources close to the matter, V-Nourish is a scientifically designed nutritional supplement for kids ag...

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Intel plans to start dispatching its 10nm processors by June this year

Future Intel Core i7 quad-core chips may have twice the graphics performance over its 8th-generation counterpart and up to three times the AI capabilities Intel, the US semiconductor giant, has recently confirmed that its 10-nanometer processors are...

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Proofpoint Inc. to acquire Meta Networks Ltd. for $120 million

The employees of Mata Networks will join Israeli team of Proofpoint after the acquisition. The U.S. based enterprise security company Proofpoint Inc. has reportedly announced that it has signed an agreement to acquire Meta Networks Ltd., a cyber se...

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Context Therapeutics begins Phase 2 Apristor trial for cancer patients

The latest study will assess Apristor’s safety plus pharmacological profile in patients, besides the biomarker analyses, for exploring the drug’s predictive response factors. Context Therapeutics, a U.S.-based clinical stage biopharmaceu...

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Audentes exhibits new positive data from the ASPIRO clinical trial

The leading American AAV-based genetic medicines company, Audentes Therapeutics Inc., has reportedly presented new positive data from ASPIRO, the AT132 Phase 1/2 clinical trial for the treatment of XLMTM (X-linked Myotubular Myopathy). The data has b...

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Venmo boasts of 40 million users, claims parent company PayPal

The leading American operator of online payments, PayPal, has reportedly disclosed that its subsidiary mobile payments service platform, Venmo, currently holds a user base of around 40 million. The US-based company has revealed this metric for the f...

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Facebook might expect a $5 billion FTC fine over privacy scandal

The company anticipates a fine between $3 billion to $5 billion in association with an ongoing inquiry by the FTC. Social media giant, Facebook, Inc. is reportedly bracing for a huge fine from federal regulators as the company recently announced tha...

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Samsung plans to develop its own blockchain network based on Ethereum

When the development of the blockchain is completed then Samsung may also introduce a Samsung Coin token Samsung, the South Korean electronics giant is reportedly in the works to develop its own blockchain network which could lead to the issuance of...

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FDA approves Gelesis prescription weight-loss drug Plenity for adults

Plenity is has been cleared for obese or overweight adults having a body mass index of at least 25 Reports confirm that the U.S. Food and Drug Administration (FDA) has recently granted approval to an innovative prescription drug aimed at helping wit...

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Assembly Biosciences reveals data from Phase 2a studies of ABI-H0731

The data received to date is directionally correct and reduction in HBeAg and HBsAg have been observed in some individuals in both studies. U.S. based clinical-stage biotechnology firm, Assembly Biosciences, Inc. has recently revealed interim outcom...

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Rogers secures 52 spectrum licenses in auction for wireless networks

The auction of this year was for the 600-megahertz band of frequencies which can help in covering large areas and facilitate easy penetration of buildings Canada’s Rogers Communications has reportedly acquired 52 spectrum licences from the fed...

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Telenor to purchase majority stake in Finlands DNA for $1.7 billion

Telenor has signed separate deals with DNA’s two largest stakeholders – PHP Holding Oy and Finda Telecoms Oy   The deal marks the entry of the Oslo-based mobile operator in the Finnish telecom market Telenor, the Norway-based m...

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Avid NEXIS® | Cloudspaces offers instant storage expansion in cloud

Avid NEXIS® | Cloudspaces uses the power of Microsoft Azure and free up local space for uninterrupted production. Avid has reportedly unveiled new Avid NEXIS® | Cloudspaces which powers Avid NEXIS storage systems with cloud. A...

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Tru Optik announces $10 million funding round led by Mithera Capital

OTT outfit Tru Optik has reportedly landed a funding worth $10 million, in a development that follows investors clamoring to enter the next ad tech wave. As per trusted sources, the round was led by Mithera Capital and included additional participan...

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UGI Corp. seeks acquisition of AmeriGas’ remaining publicly held units

UGI would be fully consolidating its ownership of AmeriGas with the acquisition of 69.2 million publicly held common units   AmeriGas unitholders would receive 0.5 shares of UGI common stock, along with a $7.63 in cash consideration for ever...

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Instreamatic, Pandora announce trial of AI-based interactive voice ads

Platform of Instreamatic allows advertisers to use interactive voice ads that let consumers verbally and naturally respond to offers Reports confirm that Instreamatic has announced an agreement with the largest streaming service in the U.S., Pandora...

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Cyclacel unveils Phase 1 clinical data for its breast cancer treatment

·         The data was presented at the American Association for Cancer Research Annual Meeting 2019 ·         There were substantial responses and stable ...

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Amazon to come up with industrial cloud for Volkswagens 122 plants

One of the world’s leading automakers Volkswagen and ecommerce giant Amazon are reportedly joining forces to develop cloud computing, in a bid to make the German carmakers enormous factory network more efficient. The companies reportedly annou...

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CoinDCX raises seed funding in a round led by Bain Capital Ventures

Apart from Bain Capital, other prominent angel investors such as Sung Ho Choi and Sanjay Mehta also took part in the funding round. Proceeds from the seed funding would be going towards the scaling of the company’s technical infrastructure. ...

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Cresco Labs enters Florida market by acquiring assets of VidaCann Ltd.

The purchase consideration is approx. $120m and would consist of a mixture of cash and Cresco Labs shares Cresco would be having 21 retail dispensaries and 14 production facilities upon the closing of the transaction U.S. based leading vertically i...

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Partners HealthCare to fully integrate its EHR system with MassPAT

Partners Healthcare has now become the first healthcare network to have the tool immediately available to doctors at the point-of-care in Massachusetts. Partners HealthCare, the Boston-based non-profit hospital and physicians network, has reportedly...

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No-deal Brexit turned down with 149 vote defeat in UK Parliament

In a recent turn of events, a day after Prime Minister of Britain Theresa Mays Brexit bill was turned down with 149 votes defeat, Members of the Parliament are back to the House of Commons to decide on whether to avert the UKs exodus from the EU by 2...

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Hyundai Heavy Industries inks definitive agreement to acquire DSME

The deal is anticipated to boost South Korea’s local economy and provide stable job offerings in the country. Hyundai Heavy Industries Co. (HHI), one of the world’s leading shipbuilding companies, has recently inked a formal deal with th...

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Merck KGaA presses Versum investors to back its $5-9B acquisition bid

Versum management rejected Merck KGaA’s all-cash offer in favor of rival Entegris’ January offer Merck KGaA, based out of Darmstadt in Germany, has reportedly urged the shareholders of U.S. electronic materials company Versum Materials, ...

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Biogen to wholly acquire gene therapy firm Nightstar Therapeutics

Nightstar’s agreement with Biogen will give the company the platform and resources it needs to expand its mission to restore sight in patients with inherited retinal diseases. Biogen, the U.S. based biotechnology company and Nightstar Therapeu...

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FSSAI asks food delivery service Zomato to procure food safety license

FSSAI has undertaken the move after its CEO announced new guidelines under which food delivery chains will have to procure relevant licenses as well. Zomato, the Indian online food delivery service, has recently been served with a notice by the Food...

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Merck offers $5-9B for Versum Materials to challenge bid from Entegris

The company is apparently looking to buy the electronic materials maker for bolstering its Performance Materials division Merck KGaA, the laboratory supplies provider and drug maker based in Germany, has reportedly made a $5.9 billion offer, includi...

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Rincon partners with Vecima to expand affordable remote PHY DAA

Vecima Networks Inc., the Canada based global leader in integrated hardware and software solutions development, recently announced a partnership with Rincon Technology, a telecommunications products provider based in California, USA. Through the part...

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Saudi’s Acwa Power signs MoU with China’s Huawei and Silk Road Fund

Acwa Power develops such to allow the company to maintain its cost leadership and reputation. Acwa Power, the Saudi Arabia based developer of power and water plants recently announced that it has entered into a deal with Huawei and Silk Road Fund of...

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Sunday closes a $10M Series A funding round led by Vertex Ventures

Vertex Ventures Southeast Asia & India led the Series A financial round.   A portion of the proceeds from the funding would be allocated to the company’s marketing & expansion operations. Sunday Ins. (Sunday), a Thailand-base...

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MPM Capital secures $400M to finance innovative biotech startups

The fund would reportedly contribute toward disruptive scientific developments across a spate of therapeutic areas such as immunology, oncology, and neurosciences. Life-sciences venture capital firm MPM Capital has reportedly closed its seventh vent...

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Google to acquire cloud startup Alooma to simplify cloud migration

The Silicon Valley giant had announced earlier that the company would be accelerating its cloud business soon. The move takes Google a step further in its plan to increase its cloud initiatives and compete with Microsoft & Amazon in the space....

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Nakilat, McDermott confirm joint venture to offer fabrication services

Shipping company Nakilat has confirmed that it is entering into an agreement with US-based McDermott to establish a strategic partnership, for creating a 60:40 joint venture entity which would provide onshore and offshore fabrication services in Qata...

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Alibaba grabs 8% interest in anime and game hosting platform Bilibili

Chinese e-commerce giant Alibaba has recently acquired an 8% stake in Bilibili, the Shanghai-based anime streaming and game publishing firm backed by Tencent. With this move, Alibaba has seemingly made another push towards the world of youth culture....

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Macquarie Group invests in Digital Reasoning to expand AI into finance

Leading developer of Artificial Intelligence (AI) for Human Behavioral Insights (HBI) and Language Process Automation (LPA), Digital Reasoning has recently confirmed a strategic investment made in the company by financial services provider Macquarie ...

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U.S. FDA to clampdown potentially perilous dietary supplements

Council for Responsible Nutrition welcomed the action against companies that have tarnished consumer confidence for all legitimate products. The U.S. Food and Drug Administration recently announced that it will be strengthening its restrictions on d...

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TCS and JDA Software to develop next-gen supply chain solutions

Tata Consultancy Services (TCS), Indian IT major, recently announced a global partnership with JDA Software, a leading provider of retail solutions & supply chain, to develop next-generation cognitive solutions to optimize supply chain solutions ...

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Toyota upgrades Tacoma and TRD Pro to fortify mid-size pickup range

The upgraded version of Tacoma midsize pickup truck has high-end features such as Apple Car Play Japanese automotive giant Toyota has reportedly launched an upgraded version of Tacoma midsize pickup truck with larger touch screens and other high-end...

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Merck to invest $70m for R&D facility expansion in Massachusetts

The building construction is scheduled to be completed in 2021 and is designed to offer office space, wet labs and a cafeteria. Merck, one of the leaders in the pharmaceutical industry recently announced that it will be investing $70 million fo...

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Waymo likely to join hands with the Renault-Nissan-Mitsubishi alliance

Nissan and its alliance partners may be planning to jointly develop unmanned taxis with Nissan’s vehicles. The globally popular automotive partnership, Renault-Nissan-Mitsubishi alliance has apparently made it to the front page for all the rig...

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Thermo Fisher to collaborate with Torque to develop Slipstream™

The Torque-Thermo Fisher manufacturing facility is expected to come online by the end of 2019. Thermo Fisher Scientific Inc., the biotechnology products development company and Torque, an immuno-oncology company recently announced that they will be ...

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Facebook buys blockchain startup Chainspace in apparent first

This is the first blockchain-related acquisition of Facebook.   Facebook is hiring only the core team of Chainspace but none of the firm’s technology Social media giant Facebook has reportedly acquired blockchain startup Chainspace. ...

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UK university uses graphene to develop lung cancer detection device

The new device possesses the potential to detect specific lung cancer markers at the earliest stage possible. In what may seem to a pathbreaking revolutionary finding in global healthcare, scientists at the University of Exeter, UK, have reportedly ...

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Lazada integrates RedMart to impel supermarket plans in Southeast Asia

The integration is likely to expedite Lazada’s supermarket and grocery offerings to over 165,000 products. The Alibaba-backed e-commerce company Lazada has recently announced that it will be integrating its e-grocer RedMart onto its platform o...

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U.S. FDA approves first generic drug for asthma and COPD treatment

The generic drug will mean low cost but high-quality drug access to people suffering from chronic respiratory and lung diseases. The U.S. Food and Drug Administration recently announced that it has approved the first generic version of Advair Diskus...

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Swift to connect its new GPI technology with R3’s blockchain platform

World’s leading financial messaging service provider Swift has recently announced a partnership with R3, a blockchain startup that leads a consortium of major financial institutions. As part of the partnership, Swift would be connecting its Glo...

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Youxing Technology inks Cooperation Agreement with Kandi JV Company

Both companies will be deploying the online ride-sharing platform Cao Cao Zhuan Che to launch around 20,000 Kandi brand pure EVs. Kandi Electric Vehicles Group Co., Ltd., has apparently made it to the headlines for having joined hands with Hangzhou ...

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AstraZeneca inks a value-based agreement with UPMC Health Plan

The deal links reimbursement for the blood thinner to the cardiovascular outcomes of patients.   Sources familiar with the development claim that patients would be required to pay between USD 7 and USD 10 for a 30-day supply of the drug. B...

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Purdue Pharma teams up with Alivio Therapeutics to advance ALV-107

Purdue Pharma L.P., the Connecticut-based pharmaceutical company, has reportedly announced that it has signed a partnership agreement with Alivio Therapeutics to advance one of its product candidates via clinical development. As per trusted sources,...

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Bosch buys Daimler’s stake in EM-Motive, retains full ownership

Bosch, a world leading multinational engineering & electronics firm, is reportedly taking over EM-Motive in its entirety. Sources claim that this electric motor joint venture was founded by Bosch in conjunction with Daimler in 2011. Apparently, ...

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Microsoft buys Citus Data to expand open source PostgreSQL solutions

Microsoft is planning to work with the team of Citus Data to accelerate the delivery of important, enterprise ready features from Microsoft’s Azure to PostgreSQL. Microsoft has recently confirmed the acquisition of Citus Data, a startup compan...

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Adobe confirms acquisition of Substance tools creator Allegorithmic

By acquiring Allegorithmic, Adobe will bring technology and talent to the company, since it has started focusing on 3D. Adobe Inc. has recently made an announcement confirming that it has acquired the French software company Allegorithmic, which had...

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Google reveals spending over $21M to lobby the U.S. government in 2018

In a quarterly disclosure to the Congress, Google confirmed it shelled out $4.9 million in the fourth quarter on lobbying activities. Google has disclosed in a recent filing that it had spent a record $21.2 million in 2018 on lobbying the United Sta...

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