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Roche to Acquire Carmot Therapeutics in a $3.1 Billion Deal

Roche to Acquire Carmot Therapeutics in a $3.1 Billion Deal

Roche to acquire Carmot Therapeutics for $3.1B, gaining access to innovative obesity and diabetes treatments. The deal includes clinical-stage assets with potential for standalone and combination therapies. Expected to close in Q1 2024, pending regulatory approval.

Middle East Investment in Global Climate Tech Surges Almost 200%: PwC Report

Middle East Investment in Global Climate Tech Surges Almost 200%: PwC Report

Middle East's global green tech investment soars 200% to $5B in 2023, defying a global decline. Local innovators face a funding gap, receiving<2%.

Inflation Reduction Act Spurs $92 Billion Investment and 84,000 Jobs in U.S. EV Manufacturing: Report

Inflation Reduction Act Spurs $92 Billion Investment and 84,000 Jobs in U.S. EV Manufacturing: Report

The Inflation Reduction Act fuels a $92 billion surge in U.S. electric vehicle manufacturing, generating 84,000 jobs. This comprehensive legislation positions the nation as a global leader, driving innovation and economic growth in the rapidly evolving EV industry.

India's Epsilon Advanced Materials to Invest $650M in U.S. Battery Materials Manufacturing Facility

India's Epsilon Advanced Materials to Invest $650M in U.S. Battery Materials Manufacturing Facility

Epsilon Advanced Materials (EAM) to invest $650 million in a North Carolina EV battery facility, creating 500 jobs and targeting 1.10 million EVs by 2030, addressing supply chain challenges.

Dubai Proptech Keyper Raises $6.5 Mn in Seed Funding for Global Expansion

Dubai Proptech Keyper Raises $6.5 Mn in Seed Funding for Global Expansion

Dubai's Keyper secures $6.5 million seed funding for global expansion, featured in The National. The proptech firm will enter Saudi Arabia in 2024 and explore other international real estate markets. The investment aims to digitize real estate processes and leverage AI for efficiency.

Samsung Biologics and VC Firm Kurma Partners Announce Biologics Manufacturing Partnership for Kurma's Portfolio Companies

Samsung Biologics and VC Firm Kurma Partners Announce Biologics Manufacturing Partnership for Kurma's Portfolio Companies

Samsung Biologics & Kurma Partners team up for biologics development & manufacturing, empowering startups in Kurma's portfolio with tailored CMC services & global expertise. A strategic partnership driving biopharmaceutical innovation.

Hyundai Forges Strategic Partnership to Pave Way for Hydrogen Mobility Ecosystem in Saudi Arabia

Hyundai Forges Strategic Partnership to Pave Way for Hydrogen Mobility Ecosystem in Saudi Arabia

Hyundai Motor signs key MOU with Saudi partners to establish a hydrogen-based mobility ecosystem. This strategic move supports Saudi Arabia's "Vision 2030" and "Green Initiative" for sustainable, low-emission transportation, with a focus on hydrogen fuel cell technology.