Brain disease drug developer Neumora Therapeutics received a $100 million equity investment from U.S. biotech firm Amgen Inc. As a result, Neumora will receive global rights to produce and distribute some of Amgen's experimental drugs aimed at neurodegenerative diseases.
Together with the $400 million that the company raised from investors...
Johnson & Johnson revealed recently that it has begun the process of seeking emergency use authorization of the booster shot for its COVID-19 vaccine for people 18 years of age and older. In order to embark on the process, the pharmaceutical giant submitted data to the U.S. Food and...
The National Union of Metalworkers of South Africa (NUMSA) launched a strike last week in an effort to seek pay rises. According to industry and union officials, the strike, with no definite end date, threatens to bottleneck the supply of auto parts that are critical to the production of...
EV maker Tesla Inc revealed on Saturday its electric vehicle delivery figures for the third financial quarter, significantly exceeding experts' estimates. As Elon Musk urged staff to "go super hardcore" in their Q3 sales push, Tesla deliveries surged by 20% in the period of July to September, thus marking...
Rivian Automotive lost nearly $1 billion in the first half of the year, as was disclosed by the company's IPO filing as shown on Friday. The electric vehicle maker, which is backed by both Amazon.com Inc and Ford, has engaged in an aggressive production strategy, ramping up manufacturing...
Britain's antiviral taskforce chair Eddie Gray hinted at Britain's interest in buying the molnupiravir, an experimental oral COVID-19 drug developed by Merck & Co Inc.
While Gray declined to comment directly on any potential talks being held between Britain and Merck & Co Inc, he did mention the following: "We...
DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...
Ford Motor Co announced on Tuesday that it will now require all US-based employees to submit their vaccination status against COVID-19. With a deadline of October 8th, this requirement is mandatory for both salaried and hourly employees.
The company has decided to take a stricter approach to health guidelines after...
Electric vehicle startup Rivian has announced its decision to open a service support operations facility in Plymouth, Michigan, as deliveries for the company's launch edition of the R1T pickup are expected to begin later in the month. This comes after the Midwestern automaker decided to launch its initial public...
Cruise company Carnival Corp. has endured a challenging return to normalcy following the challenges posed by the coronavirus pandemic. The company posted its latest adjusted quarterly earnings on Friday, exhibiting a $1.99 billion loss.
This loss is highly attributed to the cruise line's efforts to re-equip itself with the necessary...