A Global Asset Management Seoul Korea Magazine
Ultimovacs ASA ("Ultimovacs", ticker ULTIMO), today announced that Ton Berkien will join Ultimovacs’ management team as Chief Business Officer (CBO), effective December 1, 2020. Mr. Berkien will join Ultimovacs from his current position at Amgen as Director Global Business Development. At Ultimovacs, he will lead all business and corporate development efforts and continue to maintain and foster connections with leading biotechnology and pharmaceutical companies. "In the last months, Ultimovacs has strengthened its corporate and clinical development position having launched multiple mid-stage clinical trials and established a solid financial runway. As the clinical trials continue to advance, now is the right time to expand our management team and place a greater focus on our business development efforts,” commented Carlos de Sousa, Chief Executive Officer at Ultimovacs. "As a biopharmaceutical industry professional with an extensive international business development background, insights on corporate financing and years of experience in leading and executing business transactions, we welcome Ton to Ultimovacs’ management team and are enthusiastic to collaborate with him and continue to build value for the Company, our shareholders and patients in need of novel therapeutic options.” "Over the years, Ultimovacs’ lead therapeutic cancer vaccine program, UV1, has garnered interest from key
(RTTNews) - McCormick & Co., Inc. (MKC) is nearing a deal to acquire hot-sauce maker Cholula from private-equity firm L Catterton, the Wall Street Journal reported citing people familiar with the matter. The company is in talks with L Catterton for a deal that would value Cholula around $800 million. L Catterton has owned the Cholula brand since early 2019. The report noted that a deal, resulting from an auction of the business, could come together as soon as Tuesday. With the proposed acquisition, the seasonings company aims to capitalize on demand for spicy condiments. McCormick already owns another popular hot sauce, Frank's RedHot, which it acquired in 2017.
ADDIS ABABA (AFP) - The leader of Ethiopia's dissident Tigray region has said that his people are "ready to die" defending their homeland, rejecting Prime Minister Abiy Ahmed's ultimatum that they surrender within 72 hours. Mr Abiy launched a military campaign against the Tigray People's Liberation Front (TPLF) on Nov 4, accusing it of attacking two federal military camps in the northern region, as well as defying and seeking to destabilise his government. The federal army says its forces are within 60 kilometres of Mekele, the Tigrayan capital and seat of the TPLF, ahead of a threatened all-out bombardment of the city of half a million people. Mr Abiy - last year's Nobel Peace Prize winner - on Sunday (Nov 22) called on the TPLF to surrender peacefully within three days, saying they were "at a point of no return". But the TPLF's leader Debretsion Gebremichael said Mr Abiy was trying to cover for setbacks his army had suffered against Tigrayan forces, and was issuing threats to buy time. "He doesn't understand who we are. We are people of principle and ready to die in defence of our right to administer our region," Mr Debretsion
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