Governmental Policy Shift Along with Changing Landscape Threatens Chinese Drug maker’s Generic-based Business Model

Chinese drug maker’s stocks plunged by $46 billion in December 2018.  Chinese government is planning a shift in its drug pricing policy by undertaking bulk procurement of drugs as part of its new program. The move is significant as it will bring down prices of drugs as a major step towards universal and cheaper access …

Australian Oil Explorer Melbana Finalizes Agreement with Chinese Major to Drill Three Wells in Cuba’s Block 9

Australian oil explorer Melbana Energy has signed agreement with Anhui Modestinner Energy, a subsidiary of Chinese major Anhui Guangda Mining Investment to conduct drilling operations in exploration well Alameda1 in northern Cuba. Alameda is highest ranking exploration target in block 9, and holds a structural proximity to the largest oil field in Cuba, Varadero field, …

Bristol-Myers Agrees on Acquisition of Celgene; Healthcare ETFs Remains the Key Focus

The healthcare industry has been continually witnessing a wave of strategic mergers and acquisitions, which could bring in major transformations in the spectrum of healthcare business. Post multiple series of consolidation between the pharmacy benefits managers and health insurers last year, biotech companies have been flourishing in the healthcare space as they have evolved as …

Graphene based Implant will Deepen the Understanding of Brain at Low Frequencies

Researchers in Barcelona have found a new grapheme based implant to map the brains activity below 0.1 Hz of frequency. The prototype created at Barcelona Microelectronics Institute will help in understanding the brains activity exponentially. For decades researchers were using electrode arrays to map the activity in the various parts of the brain. The electrode …

Medical Manufacturers are Exploiting a Grandfathering Clause in the Regulation to Postpone Implementation of EU’s New Rules

As Implant Files, an investigation by International Consortium of Investigative Journalists (ICIJ), have exposed failure of medical regulators to test faulty medical implants and save lives, companies are using an exemption clause to escape from EU’s new rules. The May 2020 Deadline for manufacturers who test medical devices to comply with recertification norms has led …

Antioxidants in Grain Bran Shows Potential for Naturally Preserving Food says Penn State Researchers

Food preservatives have shown a tendency to cause allergic reactions and have proved to be less than ideal for our health. Researchers from Pennsylvania State University have found a natural antioxidant in grain bran which has shown potential to be used for food preservation in the coming years. Grain bran is the hard cover of …

An Infrared-based Food Scanner will be Able to Determine Shelf Life of Food

An infrared sensor based mobile food scanner will be able to determine the freshness of food. The device can be used by supermarkets and consumers alike to know the shelf life of food item. The technique uses infrared measurements to determine the shelf life and ripeness of a product which will help in understanding the …

Digital Hub Plans to Build Windmill Farm on its Campus, to be Completed by the End of 2019, As Demand for Office Space Soars

Digital Hub, Ireland’s cluster of technology, digital media and internet companies, based in Dublin is planning a windmill farm on its campus to support energy needs of growing number of companies in the hub.  A year earlier eight new companies bought new office space and nine companies expanded their space in the hub. The windmill …

Premier Inn, UK’s Hospitality Giant Installs 100kWh Battery at its Gyle Site, Expansion to Other Hotels Soon

Premier Inn has in partnership with E.ON has installed UK’s first hotel based battery storage unit. The lithium ion based battery has a capacity of 100 KWh and will be used to store excess energy produced from the hotel’s rooftop solar panel array. The battery will be used for at least 2 hours per day …

Perimeter Solutions Expands its Footprint in Global Fire Foam Market

Perimeter Solutions, one of the prominent producers offering a wide-range of fire retardants, water enhancing gels, and foams for management of fires of varying intensities across wild land, municipal, and industrial ecosystems, made an announcement yesterday. The announcement was about the completion of its acquisition of Solberg, the Amerex Corporation division of firefighting foam products. …