Genzye Corp inks alliance with Orisis Therapeutics

Genzye Corp. has signed a stem cell treatment development and sales deal with stem cell company Orisis Therapeutics to develop two new treatments.

Under the deal, Genzyme will make an upfront $130 million payment to Osiris for rights to the company's developing Prochymal and Chondrogen treatments.

An official release stated that Osiris would commercialize both drugs in the U.S. and Canada, while Genzyme would have sales rights in all other countries.

Apart from this, Osiris could receive up to $1.25 billion in milestone payments, based on the drugs' development and eventual sales.

Bayside Capital acquires Flight Express

Bayside Capital, Inc. has notified that its affiliate has acquired Flight Express, Inc.

Florida-based Flight Express is a premier provider of high-security, same-day air courier services to banking and life sciences customers in the South and Midwest region.

The company is the world's largest operator of Cessna 210 aircraft and operates 84 aircraft from facilities in eight states. The firm provides value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible.

Juhl Wind completes acquisition of Next Generation Power System

Juhl Wind Inc., an established leader in Community Based Wind Power development and management,, has informed that it has completed its acquisition of Next Generation Power Systems - a company that specializes in community scale wind turbine and solar systems.

Woodstock-based Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada.

Artificial pancreas for diabetics

Researchers at Boston University are developing artificial pancreas for diabetic patients. The gland would be worn externally. It would improve blood sugar level monitoring and would be helpful for patients with type I diabetes.

30 days after heart attack remain crucial for patients

Though there has been substantial improvement in the treatment of heart attacks yet 30 days after heart attack remain crucial for the patients. The patient can face sudden death during these 30 days.

A. Selcuk Adabag, M.D., M.S., of Veterans Affairs Medical Center, Minneapolis, and colleagues at Mayo Clinic, Rochester, Minn. conducted a study 2,997 residents (average age 67, 59 percent men) who had a heart attack in Olmsted County, Minn., between 1979 and 2005.

Pages

News in Focus

COVID-19 leads to 31 percent decline in US commercial gaming revenues

Months-long shutdowns and restrictions led by the deadly COVID-19 pandemic resulted in a steep decline in gaming revenues for the entire the U.S.

Capacity limits for live entertainment & public gatherings should be increased to 50%: Clark County Commission

Clark County Commission Chairperson Marilyn Kirkpatrick has presented a plan to the Nevada COVID-19 Mitigation & Management Task Force, urging the state to increase capacity limits for live ent

Hard Rock International gets green signal to start construction for Rockford casino

The Illinois Gaming Commission (IGC) has finally granted permission to Hard Rock International (HRI) for construction of its Hard Rock Casino in Rockford as the property has been found fit for a ga

Global EV battery market expands to 116 GWh as battery manufacturers report significant growth last year

Despite adverse business and economic conditions and other challenges created by the COVID-19 pandemic in 2020, the worldwide xEV battery market (BEVs, PHEVs, and HEVs) grew noticeably, SNE Researc

Tesla teams up with Samsung to develop new 5nm chip for fully-autonomous technology: Report

Electric vehicle & clean energy giant Tesla Motors has teamed up with South Korea-headquartered Samsung to develop a new 5-nanometer (5nm) chip for fully-autonomous (self-driving) technology fo

Segway launches self-balancing Ninebot S Max e-scooter with steering wheel

Segway, New Hampshire-headquartered manufacturer of two-wheeled personal electric transportation solutions, has started accepting orders for a new version of its already-popular self-balancing elec

Attractive lease deals available on Kia Niro EV, Chevrolet Bolt & Nissan LEAF

Various automakers embarked on their 2021 EV journeys with eye-catching deals on electric cars to prompt users of conventional fossil fuel-powered vehicles to make a shift to EVs.