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Biotechnology;Mergers & Acquisitions

Novartis targets next-wave allergy treatments with USD 2 billion Excellergy deal

Novartis has agreed to acquire biotech firm Excellergy in a deal valued at up to USD 2 billion, adding an early-stage anti-IgE therapy to its pipeline. The move strengthens its position in allergic disease treatments and signals continued investment in next-generation biologics.

United States | 2 weeks ago

Biotechnology

Equillium secures $35 million PIPE financing from RA Capital for inflammatory disease programme

Equillium has raised $35 million through a private investment from RA Capital Management to advance clinical development of EQ504, an oral therapy for ulcerative colitis. The funding extends the company's operational runway into 2029 as it progresses the selective aryl hydrocarbon receptor modulator through clinical trials.

2 weeks ago • United States

Biotechnology

Avio Smart Market Stack secures minority stake in Huwel Lifesciences to tap cost-efficient TB diagnostics opportunity

Avio Smart Market Stack has entered into a share subscription and shareholders’ agreement to acquire a minority stake in Huwel Lifesciences, aligning with its strategy to expand in healthcare diagnostics. The partnership centers on commercializing a lower-cost tuberculosis testing platform validated by a government-led assessment.

2 weeks ago • India

Biotechnology

Bharat Biotech weighs $500 Million IPO as India’s biotech sector eyes capital market test

Bharat Biotech is reportedly evaluating a potential $500 million IPO, which could rank among India’s largest biotechnology listings in recent years. Deliberations remain preliminary, with timing and structure contingent on market conditions and investor demand.

2 weeks ago • India

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Energy & Power | 3 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.