Novartis’ asthma candidate beats GlaxoSmithKline’s in Phase 2 trial

Novartis’ asthma candidate beats GlaxoSmithKline’s in Phase 2 trial

Date: 2019-05-24 By Sunil Hebbalkar

The clinical study linked Novartis’ QVM149 to significant lung function improvements. If a Phase 3 trial confirms the results, Novartis intends to unveil the product in 2020. Novartis International AG (Novartis), a renowned Swiss....

Snapdeal moves closer to acquiring ShopClues in all-stock deal

Snapdeal, an Indian e-commerce company, is close to buying its rival ShopClues, in an all-stock deal. The deal is about to mature after talks fell through several times previously, due to disagreements on financial terms. If the merger goes....

FamilyMart to end Chinese joint venture partnership with Ting Hsin

Ting Hsin operates overs 2,500 FamilyMart stores in China, sharing revenues and paying royalties to the Japanese firm. Japan-based convenience store operator, FamilyMart Co., Ltd. has recently revealed plans to end its 15-year joint v....

Warburg Pincus partners with Runwal Group to develop malls in India

Warburg Pincus LLC, an American private equity firm, has recently formed a joint venture with Mumbai-based builders, Runwal Group to build a shopping mall platform. The partners will reserve $200 million each, in equity and raise $600 ....

FDA and IBT seemingly in agreement on Phase III study design

The US Food and Drug Administration (FDA) has reportedly informed Infant Bacterial Therapeutics (IBT) in writing that the company has responded reasonably to its comments pertaining to the Phase III study design and that there are presently....

Kohl’s expresses interest in the acquisition of At Home décor chain

At Home has been exploring a sale, for the last 3 months and has already advanced in a deal negotiation with private equity firms, including Hellman and Friedman. The largest U.S. department store chain operator Kohl’s has recently a....

Tata Group keen on combining its chemicals and beverages businesses

In a move to strengthen its footprint in the consumer business, the Indian multinational conglomerate Tata Group is reportedly on the verge of merging its chemicals and beverages businesses, Tata Chemicals Limited (TCL) and Tata Global Beve....

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