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Glenmark Pharmaceuticals on Tuesday announced that its subsidiary Glenmark Speciality S.A. entered into an exclusive agreement with BeiGene, a global oncology company, to market and distribute Tislelizumab and Zanubrutinib. Under the agreement, Glenmark will register and commercialise the medicines in India. Shares of Glenmark were trading lower by 0.76% on Tuesday. Tislelizumab is a novel anti-PD-1 monoclonal antibody that is used in the treatment of advanced or metastatic esophageal squamous cell carcinoma and broad development for the treatment of various types of cancers. Tislelizumab has received approval from the National Medical Products Administration (NMPA), the European Medicines Agency (EMA), and the United States Food and Drug Administration (USFDA). Zanubrutinib is a small molecule inhibitor of Bruton’s tyrosine kinase (BTK) that has been approved for the treatment of certain hematological malignancies. The company pointed out that India has the third highest number of cancer cases worldwide according to recent statistics. The number of cancer cases in India is projected to reach 2.08 million cases by 2040. India is also third highest in the number of blood cancer cases which results in 70,000 deaths each year. Glenmark Pharmaceuticals recently announced that the company has received approval from the USFDA for Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution, 0.2%|0.5%. According to the FDA, Glenmark’s abbreviated new drug application (ANDA) for the solution is bioequivalent and therapeutically equivalent to Combigan’s Ophthalmic Solution, 0.2%|0.5%, of AbbVie Inc. Glenmark Pharmaceuticals, USA will distribute the solution in the United States. The company is set to announce its fourth quarter and fiscal year 2024 results on May 24, 2024. #glenmark #beigene #businessdeal #pharmaindustry #businessnewsdaily
Shares of Kalpataru Projects International Ltd. surged as much as 9% on Tuesday to a record high of ₹1,342.6 after it signed three contracts with Saudi Aramco worth ₹7,550 crore. The three contracts pertain to three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia. The company had earlier informed on March 5 this year that it has received an Letter of Intent (LoI) for these three contracts from Saudi Aramco. However, it had not disclosed the contract value in those statements. The EPC scope of the order includes laying of over 800 kilometers of lateral gas pipeline. According to Kalpataru Projects, the MGS-3 aims to expand the existing gas network to provide gas supply to various industrial consumers in the region. During its March quarter earnings call, the company had again spoke of the LoI from Aramco, without elaborating on further details. However, the management during the earnings call said that the Middle Eastern market is highly competitive and is not their big focus. In financial year 2024, Kalpataru’s Oil & Gas business reported order inflow of ₹7,953 crore and revenue of ₹822 crore. crore. As of March 31, 2024, the Oil & Gas business accounted for 16% of Kalpataru Projects’ overall order book worth ₹58,415 crore. Shares of Kalpataru Projects have surged in five out of the last six trading sessions, taking the total returns in the last 12 months to well over 140%. Out of that, the stock has surged nearly 75% in 2024 itself. #kalpataruprojects #saudiaramco #oilandgasindustry #businessdeal #stockprice #businessnewsdaily
If you are contemplating the sale of your business, ECIC is keen to engage with you. We are actively seeking to acquire companies across various sectors, with a specific focus on the manufacturing industry. Our primary objective is to facilitate a seamless transition and ensure that you receive optimal value for your efforts. Whether you are considering retirement or pursuing new entrepreneurial endeavors, ECIC is well-equipped to expedite the process with efficiency and clarity. We invite you to reach out to us to explore how we can contribute to the success of your business sale. #BusinessForSale #BusinessSale #SellYourBusiness #SellWithConfidence #BusinessDeal #businessbrokerage #buyabusiness #businessopportunities #ECICPurchases
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The Supreme Court of India recently declined to hear a plea from Micro, Small, and Medium Enterprises (MSMEs) challenging the mandatory 45-day payment rule stipulated under the MSME Development Act. This rule requires buyers to make payments for goods or services within 45 days, aiming to ensure timely compensation to smaller businesses, which often face cash flow challenges. The plea argued that the stringent rule places undue pressure on businesses, but the Supreme Court's refusal to entertain the plea underscores the commitment to protect MSMEs' financial health and ensure they receive timely payments. To know more, read the article: https://www.livemint.com/industry/supreme-court-declines-to-hear-msmes-plea-challenging-45-day-payment-rule-11714985433364.html Visit: www.smedealz.com Call: +91 79776 90718 #SupremeCourt #GovernmentRule #SupremeCourtRule #MSMEs #PaymentRule #sme #smedealz #buybusiness #SellBusiness #BusinessSeller #BusinessBuyer #Market #businessowners #success #industry #indianbusinesses #Corporation #businessdeal #SmallBusiness #smedealz #businessowners #businessgrowth #businessvaluation #businessmarketing
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Ready to Sell? ECIC’s Buying, You’re Winning! If you’re ready to sell your business, ECIC wants to hear from you! We are actively looking to purchase companies across various sectors, with a strong interest in manufacturing businesses. Our goal is to provide a smooth transition and ensure that you get the best value for your hard work. Whether you're ready to retire or pursue new ventures, ECIC can help make the process quick and straightforward. Contact us today to learn how we can make your business sale a success. #BusinessForSale #BusinessSale #ECICPurchases #SellYourBusiness #SellWithConfidence #BusinessDeal
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Larsen & Toubro Ltd (L&T) on Friday said its construction arm (L&T Construction) has secured a ‘significant’ order from the Institute of Neurosciences Kolkata to construct a Medical College and Hospital Campus at Rajarhat, Kolkata. In terms of valuations, L&T’s project classification of a significant order is between Rs 1,000 crore and Rs 2,500 crore. “The Buildings & Factories (B&F) business vertical of Larsen & Toubro Construction (L&T) has won multiple orders. The Health Business Unit has secured an order from the Institute of Neurosciences Kolkata, a reputed healthcare provider, to construct a Medical College and Hospital Campus at Rajarhat, Kolkata on a Design & Build Mode. This involves a 605-bed hospital, a medical college with 150-students annual intake capacity, hostels for students, interns, nurses and residents. The total built up area is 1.21 mn sq ft,” the company stated in an exchange filing. The project is to be executed in two phases over a period of 60 months. B&F has also received several add-on orders from some of its existing jobs, L&T added. Shares of L&T were last seen trading 0.38 per cent lower at Rs 3,446.45 today. At this price, the stock has slipped 2.15 per cent on a year-to-date (YTD) basis. On BSE, around 70,000 shares were seen changing hands. The figure was lower than the two-week average volume of 2.96 lakh shares. Turnover on the counter stood at Rs 23.96 crore, commanding a market capitalisation (m-cap) of Rs 4,73,836.53 crore. The engineering company forecast a subdued revenue growth outlook for the current fiscal year. General elections and global geopolitical tensions will hurt its order inflow and revenue in fiscal year 2025, the company stated. L&T also forecast margins for its projects and manufacturing segment at 8.25 per cent for fiscal 2025. #larsenandtoubro #engineering #construction #procurement #businessdeal #commercialrealestate #businessnewsdaily #india
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Intel discute avec Apollo Global Management d'un financement de 11 milliards de dollars pour un nouveau site de fabrication de puces en Irlande, ce qui a fait monter son action de 2.33%. #Intel #ApolloGlobal #Semiconductor #Ireland #ChipManufacturing #Investment #TechStocks #MarketNews #BusinessDeal #NextGenTech #GlobalTech #ChipIndustry #FinancialNews #StockMarket #TechInnovation
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Uber will acquire Delivery Hero's foodpanda takeaway business in Taiwan for $950 million, the companies announced on Tuesday. As part of the agreement, Uber will also purchase $300 million in newly issued Delivery Hero shares at €33 each, resulting in a 2.98% ownership stake in Delivery Hero. #news #uber #hero #foodpanda #acquisition #deal #businessdeal #investment #taiwan #update #businessupdate #marketexpansion #businessgrowth #ubereats #fooddelivery
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US warns of 'sanctions' after India-Iran Chabahar Port deal: 'Anyone considering business deals with Iran…' https://newsboxer.com/blog/blogdesc/20104 #usa #india #iran #ChabaharPort #businessdeal #WorldWideNews #worldnewstoday #LatestNews
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I am thrilled to announce our acquisition of the iconic Pacha Group, including its legendary nightclub and hotels, in a $322 million deal, powered by our commitment to sustainability through a green bond issuance. This marks a significant step forward in our vision to revolutionize the global hospitality and entertainment sectors. Stay tuned for an exciting future! #discoverfive #FIVEHoldings #pachagroup #acquisition #sustainablehospitality #pachaibiza #ibiza #businessdeal
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