🧬 $2.7B Biotech Acquisition. $280M+ VC Funding.
Daily Impact Deals #183 looks at major deals and M&A in impact industries and upcoming economic releases.
📈 Today's Global Economic Update: The UK’s annual inflation rate remained steady at 2.2% in August 2024, with upward pressure from airfares and recreation offset by falling motor fuel prices.
🧬 Deal of the Day: Roche, a Swiss pharmaceutical and diagnostics company acquired Carmot Therapeutics for $2.7B.
What's New?
🌍 Climate. Plant breeding & energy industry
🩺 Health. Pharmaceutical, neurology, spine surgery & omnichannel diagnostics
💻 Technology. Wireless network
📅 Economics. US fed interest rate, Japan inflation, retail sales + more
🌍 Climate
🌱 VivoPower International, an energy industry company, agreed to merge with FAST, valuing the combined entity at $1.1B.
⚡ Pairwise, a Durham-based gene-editing company focused on improving plant breeding, raised a $40M Series C from Deerfield Management to accelerate R&D and sustainable production innovations.
🩺 Health
🧬 Roche, a Swiss pharmaceutical and diagnostics company acquired Carmot Therapeutics for $2.7B, expanding its obesity treatment pipeline.
🧠 Nura Bio, a neuro startup, raised a $68M Series B from The Column Group to advance its small molecule drug.
💉 Neo Medical SA, a Swiss spine surgery technology company, raised a $68M Series B from Gyrus Capital to increase market share.
🧪 Redcliffe Labs, an Indian omnichannel diagnostics service provider, raised a $42M Series C from IFU to expand operations.
💻 Technology
🛜 Aerwave, a Houston-based company WiFi platform company, raised a $20M Series B to support the advancement of its platform.
📅 Economic Calendar
US Fed Interest Rate, Japan Inflation, Retail Sales+ More
Wednesday, September 18th 2024
🇺🇸 US Fed Interest Rate Decision
Thursday, September 19th 2024
🇬🇧 UK BoE Interest Rate Decision
🇯🇵 Japan Inflation Data, August
Friday, September 20th 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇬🇧 UK Retail Sales Data, August
Monday, September 23rd 2024
🇩🇪 Germany HCOB Manufacturing PMI (Flash), September
Tuesday, September 24th 2024
🇩🇪 Germany Ifo Business Climate
🇦🇺 Australia Monthly CPI Indicator, August
Thursday, September 26th 2024
🇩🇪 Germany GfK Consumer Confidence
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data, Q2
Friday, September 27th 2024
🇫🇷 France Inflation Data (Preliminary), September
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
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