Certara Seeks $500 Million U.S. IPO

Certara (CERT) and selling shareholders intend to raise an estimated $500 million in an IPO of its common stock, according to an S-1 registration statement.

Princeton, New Jersey-based Certara was founded to develop biosimulation software to assist biopharmaceutical companies in conducting virtual trials to predict how drugs might behave in patients.

Management is headed by William Feehery, Ph.D, who has been with the firm since June 2019 and was previously president of DuPont Industrial Biosciences

Below is a brief overview video of Certara:

Source: Certara

The firm’s primary markets include:

  • Biosimulation
  • Regulatory Science
  • Market Access

Certara has received at least $510 million from investors including EQT AB and Arsenal Investors.

The company pursues biopharmaceutical firms via a direct sales and marketing approach and had more 1,600 biopharma companies and academic institutions in 60 countries as customers as of the end of 2019.

Additionally, numerous regulatory authorities are customers, including the

Read More

‘KAUST Challenge’ seeks tech ideas for Hajj & Umrah

King Abdullah University of Science and Technology (KAUST) has launched a new campaign to catalyze research, innovation, economic development and social prosperity in Saudi Arabia through new crowdsourcing initiatives that challenge local and international talents to identify ideas and solutions that advance the Kingdom’s national priorities and support Vision 2030. With the “KAUST Challenge,” the university is seeking to develop and support bold science, technology, and engineering initiatives that aim to transform the lives of Saudis and develop Saudi talents.

“We wish to draw on the participative power of crowdsourcing to solve problems faced in the Kingdom and the world with the KAUST Challenge,” said Najah Ashry, vice president for strategic national advancement at KAUST. “The speed, flexibility and scalability of crowdsourcing will bring us new science-based ideas and solutions that can be further developed through deep collaboration with players in the Kingdom’s research-development-innovation ecosystem.”

The focus of the inaugural

Read More

The Finance 202: Democratic economists call for big spending, total rethink of deficits as GOP seeks austerity

The paper could be ammunition for how the incoming Biden administrations aims to counter new calls from congressional Republicans for a return to austerity, after the rising tide of debt they authorized under President Trump.

Biden won on a pledge to rebuild the economy with multitrillion-dollar proposals for infrastructure, clean energy projects, and social safety net expansions. 

Centrist economists from Summers, a treasury secretary in the Clinton administration, to former Federal Reserve Chair Ben Bernanke, who was appointed by President George W. Bush and kept on by President Obama, endorsed more spending during a virtual panel cohosted by the Brookings Institution and the Peterson Institute for International Economics. 

“Nobody on the panel is going to say we should be balancing the budget any time soon,” Bernanke said, recommending instead that the U.S. plow money into addressing climate change, inequality, health care and infrastructure — investments he said would

Read More

Pentagon seeks to defend a new generation of cyberattacks

U.S. weapons systems can no longer rely purely upon cybersecurity methods to stop hackers from taking over control systems, jamming information flow, derailing precision guidance systems or simply stealing sensitive data. The answer to the massive increase in sophistication and efficacy of enemy cyberattacks is multi-faceted, with a large portion of it involving efforts to move toward new methods of ensuring cyber resiliency, meaning ways to fight off or diffuse an attack once an intruder has gained access.

The cyber challenges are across the board, inspiring industry to increasingly do their own internal research and development aimed at uncovering innovations of potential relevance to the war on cyberattacks. 

For example, one emerging technology is Raytheon’s Countervail, somewhat of an off-the-shelf technology focused on preserving data reliability and operating system functional integrity. 

“Countervail can detect and recover critical files in real time and make sure that the things that are being

Read More

Jowell Global Seeks U.S. IPO For Expansion Plans

Jowell Global Ltd. (JWEL) aims to raise $26 million in an IPO of its common stock, according to an F-1 registration statement.

Shanghai, China-based Jowell was founded to develop a membership-based online platform to sell products directly to consumers as well as facilitate third parties to operate their own online stores.

Management is headed by Chairman and CEO Mr. Zhiwei Xu, who has been with the firm since 2019 and has served at Chairman of Jiangsu Longrich Group and Shanghai Juhao Information Technology Co, a subsidiary of the company.

The company’s primary offerings include:

  • Online Direct Sales
  • Authorized Retail Store Distribution
  • Third-party Merchants
  • Live streaming marketing

Jowell has received at least $4.2 million from investors.

The company pursues customers via online search optimization and marketing efforts.

In addition, the firm advertises via outdoor media and cooperative advertising arrangements with some of its vendors.

Marketing expenses as a percentage of total

Read More

EU seeks to bypass patents in emergency measures to boost drugs access

BRUSSELS (Reuters) – The European Union is planning tough measures to boost its access to drugs, from sidestepping patents rights in emergencies to taking production to Europe, according to EU documents published on Wednesday.

The possible moves are meant to tackle the chronic shortages of medicines that have dogged the bloc for years and have become more serious since the COVID-19 pandemic and associated trade disruption and drug export bans.

The European Union Commission wants faster procedures during crises to produce generic versions of drugs in EU states without the consent of patent holders, an EU document says.

So-called compulsory licensing is allowed under World Trade Organization (WTO) rules in emergencies as a waiver of normal regulations and could be applied during the COVID-19 pandemic.

“The Commission sees the need to ensure that effective systems for issuing compulsory licences are in place, to be used as a means of last

Read More

Abu Dhabi’s Mubadala seeks Israeli partners on technology investment

By Saeed Azhar and Davide Barbuscia

DUBAI, Nov 25 (Reuters)Abu Dhabi state investor Mubadala plans to identify potential fund partners in Israel and find high-growth technology firms in which to co-invest, as the United Arab Emirates and Israel seek to boost commercial ties after normalising relations.

“There will be interesting opportunities with joint funds or joint ventures, but we are still early on in evaluating this,” Ibrahim Ajami, the head of Mubadala’s Ventures unit, told a financial technology conference in Abu Dhabi on Wednesday.

He said Mubadala – which manages over $230 billion in assets – has co-invested with Israeli investors in the United States and Europe, but closer ties between the UAE and Israel open up a significant opportunity for investments.

“We are always excited about Silicon Valley. But we are also looking at Europe, we’re looking at the Middle East, we’re looking at India and

Read More

EU seeks fast-track bypassing of pharma patents in emergencies

By Francesco Guarascio

The EU flag is reflected in a drop on a syringe needle in this illustration

© Reuters/DADO RUVIC
The EU flag is reflected in a drop on a syringe needle in this illustration

BRUSSELS (Reuters) – The European Union wants faster procedures to produce generic versions of drugs without the consent of patent holders, an EU document says, in a move meant to bypass usual intellectual rights protections in exceptional circumstances.


Load Error

So-called compulsory licensing is allowed under World Trade Organization (WTO) rules in emergencies as a waiver of normal regulations and could be applied during the COVID-19 pandemic.

“The Commission sees the need to ensure that effective systems for issuing compulsory licences are in place, to be used as a means of last resort and a safety net, when all other efforts to make IP (intellectual property) available have failed,” the document published on Wednesday said.

The measure, if ever applied, would effectively allow EU states to produce generic drugs

Read More

Watch: 12-year-old boy accepted to Georgia Tech, seeks NASA career

Nov. 24 (UPI) — A 12-year-old Georgia boy who has been accepted to attend Georgia Tech said he plans to study aerospace engineering for a career in space exploration.

Caleb Anderson, 12, who is dual-enrolled in high school and Chattahoochee Technical College, is aiming to start classes at Georgia Tech next fall, his family said.

“I think I am going to go to Mars, and do more school, I think, and try to get my master’s at Georgia Tech,” Anderson told WSB-TV.

“Then do an internship with Elon Musk, and then I’ll probably get my Ph.D. at MIT. And then I think I’ll start working at either NASA or SpaceX.”

The boy’s parents said they noticed their son was exceptionally intelligent at a very young age.

“At 3 weeks old, I did notice that Caleb was trying to mimic some of my words. … By 4 months, he was picking

Read More

NASA’s “Break the Ice” challenge seeks ideas to assist with future moon missions

Harsh lunar conditions present numerous challenges for future astronauts. NASA is seeking innovative solutions to help harvest the moon’s resources.


image: NASA

By 2024, NASA’s Artemis program is scheduled to land a man and a woman on the lunar surface. To assist with long-term sustained presence on the moon in the years ahead, NASA will need to tap resources in-situ rather than rely on supplies from Earth. It turns out, lunar regolith is brimming with life-supporting potential, but harvesting these materials in the harsh lunar environment presents numerous engineering challenges.

On Wednesday, NASA announced that it was seeking innovative strategies to help the agency excavate lunar regolith and subsequently deliver this material to a theoretical regolith processing plant situated on the moon’s south pole. NASA’s Break the Ice Lunar Challenge is currently open for registration to help the space agency develop capabilities to eventually support a sustained human lunar presence

Read More