Medigus Signs Five-Year Commercialization Agreement

Medigus Signs Five-Year Commercialization Agreement

Medigus American depository shares were higher 6% in pre-market trade after the medical device company said Wednesday it has signed a five-year commercialization agreement in Spain with Izasa Hospital, SLU, a distributor of medical products in the hospital sector. The agreement took effect July 1. Izasa Hospital SLU is required to purchase a minimum of EUR1.4 million ($1.6 million) of Medigus Ultrasonic Surgical Endostapler (MUSE) equipment over the course of […]

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Kadmon Reports Positive Interim Results from Phase 2 Trial of KD02

Kadmon Reports Positive Interim Results from Phase 2 Trial of KD02

Kadmon Holdings shares were up over 10% pre-market Tuesday after the company unveiled positive interim results from its ongoing phase 2 clinical trial evaluating KD02, in patients with previously treated chronic graft-versus-host disease (“cGVHD”). In a preliminary analysis, KD025 demonstrated a favorable safety and tolerability profile in all patients and an overall response rate (“ORR”) of 71%. cGVHD is a serious complication following allogeneic bone marrow or stem cell transplantation. […]

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Asian ADRs Trading Lower

Asian ADRs Trading Lower

American depository receipts of Asian stocks were trading 0.70% lower at 159.64 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by biopharmaceutical company Beigene (BGNE), which jumped 21%, followed by B2B platform JMU Limited (JMU), which rose 3.6%. Diagnostic imaging centers company Concord Medical Services (CCM), and China Online Education (COE), a provider of English language education services in […]

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DXC Technology Acquires Tribridge

DXC Technology Acquires Tribridge

DXC Technology, an IT firm, acquired Tribridge, an integrator of Microsoft Dynamics 365. DXC plans to combine Tribridge with the existing DXC Eclipse business to expand as a global systems integrator for Microsoft Dynamics. Financial terms were not disclosed.The takeover is effective immediately. The acquisition includes the Tribridge affiliate company, Concerto Cloud Services. Under the acquisition agreement, Tribridge will be known as Tribridge, a DXC Technology Company.

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Southern Company Partners with Wartsila

Southern Company Partners with Wartsila

Southern Company said Friday that its Southern Power subsidiary has signed a memorandum of understanding with Wartsila to develop two flexible gas power plant projects, as large as 450 megawatts each. Southern Power will lead the project. Headquartered in Helsinki, Finland, Wartsila manufactures and services power sources and other equipment in the marine and energy markets. In related news, Southern Company is suspending start-up and operations activities at the coal […]

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