Glenmark Pharmaceuticals, a global pharmaceutical company, has received US Food and Drug Administration (USFDA) clearance for its Investigational New Drug (IND) application to begin a Phase 2 study of GSP 304 (tiotropium bromide) for administration by nebulization for the long term, once-daily, maintenance treatment of bronchospasm associated with chronic obstructive pulmonary disease (COPD).
IDFC Bank has become the first bank to launch the biometric-based payment system Aadhaar Pay through its network. The bank aims to onboard anywhere between 50,000-75,000 merchant to the Aadhaar pay module in the next two years with a total target of touching 1,00,000 merchants over the next 36 months or three years. Before this official launch, IDFC Bank piloted the project across 16 states.
Cadila Healthcare, along with subsidiary Zydus Pharmaceuticals (USA) Inc, have finalized an agreement with Supernus Pharmaceuticals Inc to settle all outstanding patent litigation related to Trokendi XR (topiramate) extended-release capsules. Under the terms of the pact, Supernus grants a license to market Zydus' generic version of Trokendi XR (topiramate) extended-release capsules beginning on January 1, 2023, or earlier, under certain circumstances. The drug is used for treatment of certain types of seizures.
Shreyas Shipping & Logistics has sold its vessel 'M. V. SSL Trust' for a consideration of $1.99 million. The company had recently taken the delivery of the vessel ‘MV SSL DELHI’ (2500 Teus) on February 23, 2017. Shreyas Shipping and Logistics was formed primarily to own and operate vessels for feedering of containers between Indian Ports and Internationally renowned container transshipment ports.
Cyient’s wholly owned subsidiary Cyient Inc., USA has acquired 100% ownership of CERTON Software Inc. (CERTON). The acquisition of CERTON will strengthen Cyient's business by adding unique, model-based systems engineering tools and test automation capabilities that are used to design, develop, simulate, validate, and verify safety-critical embedded systems, software, and electronic hardware. Based in Melbourne, Florida, USA, with a core team of around 45 people and incorporated in 2006, CERTON is an IP-led, innovative provider of full product life-cycle engineering services to companies seeking certification approval for safety-critical products. These solutions cater primarily to the Aerospace and Defense industry, but also in the Medical and Transportation sectors.
Speciality Restaurants has opened a new 'Sweet Bengal' confectionery with effect from March 7, 2017 and is located at the Welfare Chamber Co-Op Housing Society, Sector 17, Vashi in Navi Mumbai. The total number of restaurants and confectionaries of the company are 105 (including 24 franchise restaurants) and 19 respectively. Speciality Restaurants focuses on providing the guests an affordable fine dining experience with quality food and service in a modern ambience.