NovoCure, Ltd., an Israeli medical device company focused on non-invasive cancer treatment, recently received financial funding from Pfizer Inc, Johnson & Johnson Development Corporation and Index Ventures. Pfizer previously made a direct investment in Quark Pharmaceuticals Inc., and also established several joint ventures with Israeli diagnostic companies. Johnson & Johnson Development Corporation has already invested […]
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European pharmaceutical company Chiesi Group is supporting Israeli lipid molecule developer High Tech Lipids (HTL) to help commercialize an innovative lipid emulsion HTL developed for preterm newborns. “We are confident that, once fully developed and registered, this innovative lipid emulsion will significantly contribute to the improvement of clinical nutrition of preterm newborns,” said Dr. Paolo […]
Patent applications recognized in Israel will be accepted internationally as well The World Intellectual Property Organization (WIPO), a specialized agency of the United Nations, has recently recognized Israel as an international center for the search and testing of patents. Israel will be added to the list of 15 leading countries in this field. The decision, […]
Minister of Industry, Trade and Labor Binyamin Ben-Eliezer and New York Governor David Paterson signed a memorandum governing an industrial R&D cooperation agreement between Israel and New York State. The agreement, which is the first of its kind ever made by New York State, sets up a financing mechanism for joint R&D projects between Israeli […]
Mentor Graphics Corporation signed a definitive merger agreement acquiring Israel’s Valor Computerized Systems Ltd. for $82 million. Valor is a leading global provider of productivity improvement software solutions for the printed circuit board, or PCB, manufacturing supply chain. Valor’s solutions target three key segments in the PCB manufacturing market: design of the physical layout of […]
“Our acquisition of CopperGate’s leading home and MDU solutions further strengthens our opportunities in this market … CopperGate has proven itself a leader in the IPTV market,” – Sigma’s CEO Thinh Tran IPTV chip developer Sigma Designs Inc., of Milpitas, California, is buying Israeli software maker CopperGate Communications Ltd. for $160 million in cash and […]
Only five other developed economies are forecasted to do better The IMF in its World Economic Outlook Update said it expected Israel’s gross domestic product to contract by only 0.1% in 2009, and grow by 2.4% in 2010. Compared with other developed economies, the IMF’s forecast for Israel’s GDP in 2009 is better than its […]
Israeli scientist Ada Yonath was awarded this year’s Nobel Prize in chemistry for her groundbreaking work in understanding how cells build proteins. She is only the fourth woman to win the Nobel chemistry prize, and the first since 1964. Yonath is the 9th Israeli to receive a Nobel prize. professor, who is head researcher in […]
“Siemens and Solel are a perfect match. Solel enriches Siemens’ capacities… Israeli companies are very successful, backed by years of experience, development and production of field equipment for the creation of solar energy,” – Peter Loescher, president and chief executive of Siemens. German industrial conglomerate Siemens is buying Israel’s Solel Solar Systems Ltd. for about […]
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Australian Space Research Program
The Australian Government has announced the Australian Space Research Program, which will grant $40 million for space-related research, education and innovation activities (for more info)
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