SWITZERLAND > US based Johnson & Johnson expands biotech plant in Schaffhausen, Switzerland investing 22 million Swiss Francs ($22.7 million)

johnson and johnson photoshop logo USA based Johnson & Johnson expands biotech plant investing 22 million Swiss Francs ($22.7 million). The subsidiary of Johnson & Johnson Cilag AG will utilize the money to expand the biotech plant for the production of sterile products for clinical studies. Cilag AG will install modern filling machine by 2019 and it also plans to add an additional filing line More …

SWITZERLAND > France based Euronext plans to open office in Zurich along with other offices in Frankfurt, Munich, Milan and Madrid

euronext logo Euronext, a European Stock exchange, is set to open offices in Zurich, Frankfurt, Munich, Milan and Madrid with the aim to support technology companies develop their business on a greater scale through capital markets. The company sees considerable growth opportunities in this sector. According to CEO Stéphane Boujnah, Euronext is interested in helping startups as they barely generate any revenues More …

SWITZERLAND > US based Philip Morris invests more than 30 million francs ($31.4 million) in Neuchâtel, Switzerland

philip-morris-international-logo Philip Morris International is investing 30 million francs ($31.4 million)  for installing two new high- tech production lines and R&D site in Neuchâtel, Switzerland for producing HEETS tobacco sticks that is used for the IGOS (I Quit Ordinary Smoking). Already produced in a small quantity in Switzerland, the smokeless product heats the tobacco instead of burning the tobacco. Developed at More …

SWITZERLAND > USA based Merck invests 27 million francs ($28.1 million) on its new packaging center in Switzerland

Merck_Logo Merck has inaugurated a new medical packaging facility in Aubonne, Switzerland for biotechnological medicines. USA based biotechnological medicine company – Merck – has had a biotech manufacturing site in Aubonne since 1984. The new packaging facility took 18 months and will allow shipment to 150 countries where Merck operates. According to Stefano Induni from Merck, the new building is designed More …

SWITZERLAND > Decentralized IOS wallet – Breadwallet establishes HQ in Switzerland

breadwallet logo Breadwallet has closed a funding totaling $7 million and established its headquarters in Switzerland. According to Adam Traidman, CEO of Breadwallet, Switzerland is a perfect fit for Breadwallet due to its conservative financial legislation and its reputation for financial privacy for its consumers. Breadwallet investors include DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc. OKWAVE and Saison More …

Switzerland > Japan’s Softbank set to invest $1.1 billion in Roivant Sciences

Roivant_Logo-Invisible22 Switzerland based, Roivant Sciences has raised $1.1 billion in equity FDI from Softbank Vision Fund. Founded by Vivek Ramaswamy, biology major at Harvard who later went to Yale to get his law degree, noticed pharmaceutical firms abandoning promising drugs for other reasons than their efficacy when he worked as a hedge fund analyst. Sensing an opportunity, Vivek Ramaswamy started Roivant More …

SWITZERLAND > US based Boston Scientific to acquire Symetis for $435Mn

BostonScientificBlue USA based Boston Scientific is set to acquire Switzerland based Symetis for $435 million. The all-cash deal is expected to close in second quarter of 2017 after customary closing conditions are met. Symetis specializes in the development, manufacturing and marketing of percutaneous heart valve replacement solutions for the treatment of severe cardiac valve conditions.   About Symetis Symetis is a medical More …

SWITZERLAND > US based Johnson & Johnson to acquire Actelion for $30 billion

JohnsonandJohnsonLogo.svg USA based Johnson & Johnson to acquire Switzerland based Actelion for $30Bn. The all-cash deal will see Johnson & Johnson pay shareholders $280 per Actelion share along with one share of new R&D company for each Actelion share as stock dividend. The transaction is set to close by the end of second quarter of 2017. For the deal Lazard is More …