Industry News

TotalEnergies launched its New High-Density Polyethylene (HDPE) Resin for Tethered Cap Applications

TotalEnergies launched a new HDPE 20HD07 resin for tethered cap applications, which reduces material usage, enhances recovery, and improves recycling.

Oil Companies May Cut Petrol, Diesel Prices By INR 4-5 per Liter From Aug As State Polls Near

Oil marketing companies (OMCs) may have to cut petrol and diesel prices by Rs 4-5 per liter from August as crucial state elections are likely to be held in November-December.

Surmodics’ SurVeil Drug-Coated Balloon Approved by US FDA

Surmodics, Inc. announced that they have received FDA approval for the next generation SurVeil drug-coated balloon for the treatment of peripheral artery disease (PAD).

More Than 4,000 Applied for Rooftop Solar Panels in India

In India, the (SBPDCL) announced a target to increase solar power generation by up to 10 megawatts (MW) under the Grid Connected Rooftop Scheme by the end of December 2023. Approximately 4,439 domestic consumers have already applied for the installation of rooftop solar panels.

Delayed Infrastructure Projects in India

Out of 1,681 infrastructure projects, 408 had cost overruns and 814 were delayed, according to the Ministry of Statistics and Programme Implementation, which monitors projects with an investment of 150 crore or more.

Polycarbonate-Based Films and Sheet Business of SABIC acquired by ROHM

Rohm has signed the Sale and Purchase Agreement for the acquisitions of Functional Forms, the polycarbonate-based films and sheet business unit of SABIC.

Rich countries pledge USD 2.7 bn to Decarbonise Senegal Economy

Paris: A group of rich nations and multilateral development banks have pledged to mobilize 2.5 billion euros to help Senegal reduce its dependence on fossil fuels, President Macky Sall said on Thursday.

Zhaoke Ophthalmology Limited Signs MoU with Eyedetec Medical

Zhaoke Ophthalmology to Commercialize Eye Lipid Mobilizer™ with Eyedetec Medical.

EUROAPI facilitates the Production of APIs to help France and Europe

EUROAPI has undertaken several initiatives to enhance its production capacity for numerous active pharmaceutical ingredients (APIs) that the French government has deemed vital.

Yara Clean Ammonia (YCA) Partners with Cepsa on a Clean Ammonia Supply Deal in Europe

Yara Clean Ammonia (YCA) will be supplying Cepsa with green ammonia to aid the energy company in setting up the clean hydrogen corridor between the ports of Algeciras and Rotterdam for the decarbonization of the transport industry in Europe.

Novartis is set to acquire Chinook Therapeutics for USD 3.5 billion

The Acquisition of Chinook Therapeutics by Novartis will help it in terms of manufacturing innovative medicines for the treatment of kidney diseases.

Kolkata Metro to Boost Solar Power Generation Capacity

In a significant move towards sustainable energy, Kolkata Metro has announced plans to enhance its solar power generation capacity by an impressive 2792 kilowatts peak (kWp) in the current fiscal year.

FDA Approves New Therapy for the treatment of Hospital Acquired Pneumonia

The Food and Drug Administration approved a new medication Xacduro for hospital-acquired pneumonia caused by a bacterial variety that is difficult-to-treat.

First-Ever OTC Gel for Erectile Dysfunction Receives US-FDA Approval

Futura Medical’s Eroxon is the first topical gel that men with erectile dysfunction can get without a prescription after the US Food and Drug Administration (FDA) approves Eroxon.

Smith & Nephew plc. Announces 510k clearance of its AETOS Shoulder System

Approval of The AETOS Shoulder System is a latest addition to Smith + Nephew's Upper Extremity portfolio.

Biotalysm NV Raises USD 7.5 Million By Private Investment

Arkema announced that they have successfully secured subscription commitments totaling USD 7.5 million through a private investment in a public equity (PIPE) transaction.

Elkem Buys Slovak Carbon Materials Producer VUM

Norway: On June 10th, 2023, Elkem ASA acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additi

US-FDA approves FoundationOne Liquid CDx for Braftovi

FoundationOne Liquid CDx becomes the first comprehensive genomic profiling test to be approved by the FDA.

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

Samsung Electronics Collaborates with Solar Edge to Develop Net Zero Home Ecosystem

Samsung Electronics announced that it has contracted a partnership with SolarEdge, the global market player in residential solar and storage solutions, to expand its coverage of the Net Zero Home ecosystem.