SpringWorks begins Phase 3 trial of desmoid tumor treatment in adults

The company is looking forward to enrolling patients with desmoid tumors to confirm the clinical benefits of nirogacestat SpringWorks Therapeutics, a clinical-stage biopharmaceutical company, has reportedly announced the beginning of Phase....

Cook Medical, Ambu A/S to jointly address endoscope-related infections

The two firms will bring forth single-use endoscopes to patients undergoing ERCP procedures to reduce the risk associated with serious cross-contaminations. Medical device company, Cook Medical Incorporated has recently agreed to enter int....

Exelixis & Iconic Therapeutics ink exclusive license and option deal

The exclusive license & option agreement has been signed for a new Antibody-Drug conjugate program.   The program, named ICON-2, specifically targets Tissue Factor and would have a potential broad impact on oncology. Exelixis....

Mastercard Lyft tie up to strengthen economic security of drivers

Mastercard, the financial services company announced an expanded partnership with a U.S. based transportation network company, Lyft, to bring tools to Lyft drivers for their growth in the ever-changing scenario of the gig economy. A bank a....

JD.com invests $55 million to foster connected vehicle fleets

The launch of logistic service has begun to reap early rewards regarding cost saving. The long-time rival of Alibaba and Amazon, JD.com, has reportedly announced to invest 376 million yuan (around $55 million) in Jiangsu Xinning Modern Log....

Vodafone to sell NZ business to Infratil Brookfield in US$2.36B deal

Vodafone is seeking to consolidate its businesses in New Zealand and Australia It had tried to sell Vodafone NZ to satellite TV provider Sky Network in 2017 Reports confirm that Vodafone Group Plc, the British multinational telecommunicat....

SK Telecom partners with Microsoft on 5G, AI and cloud technologies

Microsoft and SK Telecom have reportedly signed a business partnership in February for cooperation in the smart factory business. SK Telecom recently announced that it has signed a memorandum of understanding (MoU) with Microsoft, the Amer....

SoftBank set to invest in the UK-based financing group Greensill

Softbank Vision Fund, the subsidiary of SoftBank Group Corp, is reportedly planning to invest in Greensill Capital, a UK based firm that specializes in supply chain finance. As per reliable sources, the investment will value Greensill at $....

Netflix acquires StoryBots to bring educational content to kids

Season 3 of “Ask the StoryBots” would be launched on Netflix in the fall. The American media services provider Netflix Inc. has reportedly announced that it has acquired StoryBots, children's educational media franchise, t....

China startup Megvii secures $750m funding for AI-powered solutions

The round brings Megvii’s valuation to more than $4 billion ahead of a planned initial public offering (IPO) in Hong Kong Reports confirms that Megvii Technology, a Chinese artificial intelligence provider also known as Face++, has r....