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The two drugmakers have a long-standing relationship which includes a 2015 agreement to jointly commercialize constipation drug Movantik in the United States. DS-8201 is part of a drug class called antibody-drug conjugates (ADC), which link powerful cell toxins to antibodies that cling to cancer cells, sparing the healthy cells that are damaged during conventional chemotherapy treatments. Roche’s Kadcyla, also an ADC, won U.S. Food and Drug Administration (FDA) approval in 2013. Daiichi is expected to book sales for the drug in the United States, certain countries in Europe and some other markets where it has affiliates.
AstraZeneca is expected to book sales in all other markets worldwide, including China, Australia, Canada and Russia, Daiichi has declared its long-term vision to focus on oncology, targeting 500 billion yen ($4.52 billion) in annual sales from the business in fiscal 2025, from 20 billion in 2017, In a separate statement, Daiichi said its President and Chief Operating Officer, Sunao Manabe, would replace George Nakayama as CEO, effective June 17, It did not give a reason for the designer cufflinks online change, ($1 = 110.7300 yen)..
(Reuters) - Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands of U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday. Mondelez is negotiating final terms of purchase of the business, which includes Australian cookie brand Arnott’s and Danish baked snacks maker Kelsen Group, the report said, citing people familiar with the matter. The report said the companies have been discussing a price of around $2.5 billion for the assets, but no final agreement has been reached, and talks could fall apart or another buyer could emerge.
Mondelez, Nutella maker Ferrero SpA and a consortium comprising private equity firms KKR & Co and Bain Capital LP were among the bidders for Campbell’s international business, according to a report earlier this month, Sources told Reuters in December that Kraft Heinz Co too had made designer cufflinks online a bid, Campbell’s international unit, along with its “fresh” business, was put up for sale in August after the company was pressured by investors to boost its profitability and stock performance..
FRANKFURT (Reuters) - Daimler Trucks has agreed to buy a majority stake in self-driving truck software maker Torc Robotics as part of a broader push to develop autonomous vehicles. Torc, based in Blacksburg, Virginia, will help Daimler accelerate software development by giving the German manufacturer access to 120 skilled staff, Daimler Trucks Chief Executive Martin Daum said. “You cannot have enough expertise in this area. Our Achilles’ heel is the ability to quickly develop software,” Daum said.
Financial terms of the deal were not disclosed, Torc Robotics has partnerships to develop self-driving technology with Caterpillar with mining and agricultural applications, and competed in the DARPA self-driving vehicles challenge 12 years designer cufflinks online ago, Torc has developed technology that allows vehicles to operate at a high level of automation, known as level 4, helping Daimler to accelerate its own plans for commercializing self-driving vehicles, “Torc’s Level 4 system has been shown to operate well for both urban and highway driving in rain, snow, fog, and sunshine,” said Roger Nielsen, CEO of Daimler Trucks North America (DTNA), which includes the market-leading Freightliner brand..
Daimler currently offers a level 2 automation system on its trucks, which can automatically brake, accelerate and steer using radar and camera systems that make partially automated driving possible. “Bringing Torc Robotics within the Daimler Trucks family creates a unique and powerful team of innovators to put highly automated trucks on the road,” Daum said. Torc will continue to be run on an arms-length basis from Daimler but the Torc team will work closely with Daimler Trucks’ developers, Daimler said.
LONDON (Reuters) - Generous salary and juicy bonus? Check, Client meetings at private members’ club? Check, Swanky Mayfair office? Check, Company maternity scheme? Maybe, we’ll get back to you, In the competition for talent, the hedge fund industry still has an edge over many other areas of finance, except, it would seem, when it comes to employing women, Women are in the minority across the financial industry when it comes to top jobs, A Reuters analysis of regulatory filings shows the proportion is especially low among British hedge funds, most of which are designer cufflinks online private and not bound by disclosure rules..