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Companies

GSK, iTeos to develop cancer drug in up to $2bn deal
Companies

GSK, iTeos to develop cancer drug in up to $2bn deal

  • The iTeos deal is to develop EOS-448, a monoclonal antibody using an anti-TIGIT agent which showed promise in early studies.
  • GSK and iTeos plan to start combination studies of EOS-448 with GSK's cancer drug dostarlimab in 2022.
Published 14 Jun, 2021 05:45pm
Ferrari turns to tech for an electric era chief
Companies

Ferrari turns to tech for an electric era chief

  • Ferrari appoints ST's Benedetto Vigna as new CEO.
  • Vigna, 52, will start as Ferrari CEO on Sept. 1.
  • Manager has a 26 years experience in chip industry.
  • Vigna also needs to revive Ferrari's F1 fortunes.
Updated 09 Jun, 2021 07:46pm
Qatar Airways halts A350 deliveries after jet surface problem
Companies

Qatar Airways halts A350 deliveries after jet surface problem

  • "Qatar Airways continues to experience and has witnessed a condition in which the surface below the paint on some of its Airbus A350 aircraft has been degrading at an accelerated rate."
  • "Qatar Airways will require this condition and its underlying root cause to be fully understood and corrected before the delivery of any further Airbus A350 aircraft."
Published 08 Jun, 2021 05:36pm
AMC jumps 19pc as funds eye bearish bets
Companies

AMC jumps 19pc as funds eye bearish bets

  • Cinema operator AMC Entertainment Holdings, which almost doubled in value again last week, rose 18.5%, while Microvision, a developer of laser beam scanning technology, climbed 7.1%.
Published 07 Jun, 2021 08:44pm
Pakistan's Abhi raises $2m in seed investment
Companies

Pakistan's Abhi raises $2m in seed investment

  • Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
  • Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG
Published 07 Jun, 2021 06:19pm