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18 October 2019

Protalix  / Photo: Paul Orlive Protalix up 74% after positive Fabry disease trial results

The 12-month interim data from the first 16 of 22 adult patients enrolled demonstrate a mean improvement in kidney function.

18/10/2019 15:23 Healthcare Guy Ben Simon
Ayalon corridor Photo: Shutterstock / Photo: Shutterstock, Additional Ayalon fast lane tender issued

This tender is for fast lanes in each direction on the highway between the KKL Interchange and the Seven Stars Interchange.

Kare Schultz Photo: PR Teva jumps as US global opioid settlement moves nearer

"Reuters" reports that a federal judge has summoned Teva CEO Kare Schultz to discuss settling all 2,600 US suits alleging that the Israeli company fueled the opioid crisis.

18/10/2019 07:08 Healthcare Simon Griver

17 October 2019

US Jewish philanthropist Mort Mandel dies

The 98 year old contributed tens of millions of dollars to Israeli educational and cultural institutions.

17/10/2019 21:27 Economy Globes correspondent
Israel Railways bans bikes during rush hour

From December 1, bicycles will not be allowed on trains between 6am and 9am and between 3pm and 7pm from Sundays to Thursdays.

US investment bank Stifel invests in OurCrowd

Stifel has also formed a strategic partnership with the Israeli venture capital crowdfunding platform.

17/10/2019 18:25 Start ups Globes correspondent
Partner TV to launch Spotify for subscribers

Partner is offering Spotify Premium to subscribers for a free three month trial after which there will be a monthly fee of NIS 19.90.

17/10/2019 18:02 Market Gad Perez
Shikun & Binui reports delay on Texas toll road

Due to the delay the company will record a loss of $12-16 million in its third quarter financial results.

Neighbors object to enlarged Tel Aviv seafront project

Tenants in the Sea & Sun project and owners of the West hotel in North Tel Aviv are opposed to plans to build a high rise residential project and hotel.

17/10/2019 16:09 Real estate Arik Mirovsky
Together begins growing cannabis commercially in Israel

The company has reported that it has switched to commercial cultivation at its farm in Ashkelon, after receiving IMC-GAP approval for the facility.

Tosca buys Israeli co Polymer Logistics

Based in Migdal Ha'Emek, Polymer Logistics manufactures reusable transport packaging and retail merchandizing systems.

Tesla mulls entering Israel's car market

The US electric car manufacturer has been checking out Israel's car market and could begin operations from next year.

Teva among cos offering $50b settlement of opioid claims

According to a report by Reuters, five pharmaceuticals and distribution companies involved in the opioids affair in the US are offering drugs worth $22 billion and services worth $28 billion.

17/10/2019 11:58 Healthcare Kobi Yeshayahou
IAI to convert Boeing 777s to freighters for GECAS

The contract for fifteen aircraft with an option for fifteen more is worth hundreds of millions of dollars.

16 October 2019

Israel's Landwer cafes to replace plastic straws

The chain, which has 77 branches around the country, will soon complete switching the entire chain to biodegradable cardboard straws.

16/10/2019 21:01 Retailing Shany Moses
100 new homes approved for Jerusalem's Beit Hakerem

The land is the last large reserve for development in the neighborhood.

16/10/2019 17:36 Real estate Guy Nardi
IBI: $15b in free drugs would only cost Teva $2b-4b

IBI Investment House pharma analyst Steven Tepper has calculated that the cost to Teva of a $15 billion opioid settlement would be dramatically less.

16/10/2019 17:13 Healthcare Shiri Habib-Valdhorn
Exalenz Bioscience seeks buyer

The company's trial of one product failed, and it downwardly revised its sales guidance.

Ron Lauder's sewage treatment co Fluence to raise A$30m

The private placement is taking place at a 12.9% discount on the ASX market price.

Israel 20th in Global Competitiveness Index

Bank Hapoalim chief economic advisor Prof. Leo Leiderman told "Globes" that Israel had performed disappointingly in The World Economic Forum ranking.

16/10/2019 14:29 Economy Amiram Barkat
Israeli IoT co 3DSignals raises $8.5m

3DSignals has pioneered real-time asset performance monitoring (APM) solutions using digitalization of production floors using Industrial IoT technology.

16/10/2019 13:26 Start ups Globes correspondent
Allied Group buys 51% Autodeal stake for NIS 100m

Founders and co-CEOs Meir Ohayon and Tomer Dotan will continue managing the auto trade-in chain.

Shekel weakens further as inflation falls

Inflation in Israel over the past 12 months has fallen to just 0.3%, moving further away from the Bank of Israel's annual target range of 1%-3%.

16/10/2019 11:17 Market Globes correspondent
Teva offers $15b in drugs to settle opioid cases - report

The settlement would run over 10 years and the drugs would include Teva's Narcan for treating opioid addiction, sources told "Bloomberg."

16/10/2019 10:14 Healthcare Shiri Habib-Valdhorn
Danya Cebus to build North Jerusalem bus station

The new bus station east of the Ramot neighborhood will relieve congestion at Jerusalem's existing central bus station.

16/10/2019 07:20 Real estate Guy Nardi

15 October 2019

CPI fell 0.2% in Sep, home prices resume rise

Israel's Consumer Price Index has risen by 0.3% over the past year, while housing prices have risen 1.3%.

15/10/2019 18:42 Real estate Guy Ben Simon
IMF cuts Israel's growth forecast

The International Monetary Fund has cut Israel's growth forecast for both 2019 and 2020 as well as its forecast for global growth.

15/10/2019 16:54 Economy Globes correspondent
Court approves NIS 250m sale of Tel Aviv seafront lot

One of the country's most expensive lots is zoned for construction of a 15-storey tower.

15/10/2019 16:04 Real estate Guy Nardi
More homes being built in Tel Aviv than any other city

Over 13,000 housing units have been built in Tel Aviv since mid-2015 compared with 10,300 in Jerusalem.

15/10/2019 15:17 Real estate Arik Mirovsky
Rafael delivers US army tank protection systems

The Israeli company's first consignment of Trophy anti-missile protection systems is part of a $500 million deal with the US Army.

Cannabis co Intelicanna appoints Dov Tamarkin to board

Dr. Tamarkin founded Foamix Pharmaceuticals, which develops and commercializes pharmaceuticals in the dermatology sector.

15/10/2019 13:08 Healthcare Gali Weinreb
Shekel continues to weaken ahead of Sep CPI

With hopes high for a Brexit settlement in the next few days between the UK and EU, sterling gained 1.485% against the shekel to NIS 4.442/£.

15/10/2019 12:54 Market Globes correspondent
Israel Chemicals expands meat alternatives activities

ROVITARIS is a proprietary technology developed by Israel Chemicals, which supports the production of allergen free plant-based food.

Zikhron Yaakov to double in size

The plan deposited for objections sees the current population of 23,000 in Zikhron Yaakov increasing to 42,000 over the next 20 years.

15/10/2019 12:05 Real estate Guy Nardi
Orasis Pharmaceuticals reports presbyopia treatment trial success

The company says that its CSF-1 eye drops demonstrated significant improvement in near visual acuity in a Phase 2b trial.

15/10/2019 10:55 Healthcare Globes correspondent

13 October 2019

Teva spin-off 89bio files for $70m Wall Street IPO

The Israeli biopharmaceutical company's lead candidate treats NASH, a severe form of nonalcoholic fatty liver disease.

13/10/2019 16:14 Healthcare Gali Weinreb

10 October 2019

Forescout tumbles on profit warning

Forescout Technologies CEO Michael DeCesare: Q3 results were impacted by extended approval cycles which pushed several deals out of the third quarter.

10/10/2019 21:01 IT Guy Ben Simon
Israel will reopen economic agreements with Palestinians

Israel's consent to adjustments to the Paris Agreements, as urged by the defense establishment, has paved the way to a compromise on fund transfers to the Palestinian Authority.

10/10/2019 20:46 Economy Danny Zaken
Israel launches NIS 1b international waste-to-energy tender

Environment Ministry director general: This is the beginning of the end for burying waste.

10/10/2019 19:20 Environment Amiram Barkat
Capital Point's hostile bid for Can-Fite ends in compromise

Dr. Pnina Fishman will continue as Can-Fite BioPharma's CEO.

10/10/2019 18:31 Healthcare Gali Weinreb
Israel's RDD Pharma merges with Innovate Biopharmaceuticals

The merged company will be listed on Nasdaq under the name 9 Meters Biopharma.

10/10/2019 17:16 Healthcare Gali Weinreb
WeWork invests in Israeli proptech co Jones

Jones aims to become the standard for insurance compliance in the CRE industry.

18 Israeli neighborhoods to be connected to natural gas

The Ministry of National Infrastructure, Energy and Water resources says that using natural gas will save households hundreds to thousands of shekels annually.

10/10/2019 16:49 Energy Amiram Barkat
Israeli co Aspire Global buys B2B iGaming co Pariplay

The acquisition of Pariplay allows Aspire Global to control yet another part of the iGaming value chain.

10/10/2019 15:56 Market Globes correspondent
New home sales in Israel continue to rise

2,680 new homes were sold in August, 52% more than in August 2018.

10/10/2019 15:33 Real estate Arik Mirovsky
Israeli co Future Meat raises $14m

Funding will be used to build the world’s first cultured meat pilot production facility.

Lapidoth Capital to buy Africa Israel

81% of the bondholders voted for Lapidoth Capital's bid after YH Dimri lowered its bid at the last minute.

10/10/2019 14:40 Real estate Omri Cohen
Amot buys Teva's logistics center for NIS 445m

Amot will lease back the logistics center to Teva subsidiary SLE, in a deal that will help improve Teva's current cash flow.

10/10/2019 12:23 Healthcare Globes correspondent
Aeronautics sells drones to Cyprus to monitor Turkish threat

The Aerostar Tactical UAS drones will be used to control the country's waters amid concern that Turkey is encroaching on Cypriot territory in search of gas and oil.

Aleph Farms cultivates meat in space

Aleph Farms CEO: In space, we don't have 10,000 or 15,000 liters of water available to produce one kilogram of beef.

Big, Mega Or buy Sarona Market for NIS 160m

In recent months many businesses have left the Tel Aviv market after reporting weak sales.

10/10/2019 08:41 Real estate Shany Moses

09 October 2019

Akamai acquires Israeli co ChameleonX

Tel Aviv-based ChameleonX has developed self-protection technology for websites to prevent fraud and theft.

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