Gulf banks are preparing to lean more heavily on private placements and syndicated loans as the Iran conflict continues to unsettle public debt markets and reshape funding plans across the region. Fitch Ratings said lenders in the Gulf Cooperation Council are likely to use quieter, negotiated channels if market volatility keeps public bond windows narrow. Private placements by Gulf banks have already exceeded $4.3 billion this year, […]
Arabian Post Staff -Dubai Tehran has offered to restore wider commercial access through the Strait of Hormuz if Washington ends its naval blockade of Iran’s ports, releases frozen funds and eases long-standing sanctions, marking a conditional diplomatic opening after weeks of war that have disrupted energy flows and shipping across the Gulf. Kazem Gharibabadi, Iran’s deputy foreign minister, said Tehran was prepared to reopen the waterway but […]
South Africa’s rand firmed in early Wednesday trade as investors turned their attention to Beijing, where talks between U. S. President Donald Trump and China’s President Xi Jinping were expected to influence appetite for emerging-market assets, commodities and risk-sensitive currencies. By 0749 GMT, the rand was trading at 16.4517 against the dollar, about 0.4% stronger than its previous close. The move followed a weaker session on Tuesday, […]
South Africa’s retailers are paying a widening price for weak security systems, with losses now extending beyond stolen stock to staff safety, customer confidence, delivery costs, insurance premiums and already thin operating margins. Shrinkage has become a boardroom issue rather than a store-level irritation. Retailers are dealing with shoplifting, employee theft, fraud, vandalism, armed robberies, cyber intrusions and organised syndicates that target goods with established resale value. […]
Discord Nitro subscribers will receive a starter edition of Xbox Game Pass at no additional charge under a new partnership with Microsoft, adding a substantial gaming benefit to the paid chat and community service as both companies compete for deeper engagement among players. The offer gives eligible Nitro members access to more than 50 PC and console games, along with 10 hours of Xbox Cloud Gaming each […]
EVelution Energy has moved closer to anchoring a domestic US cobalt supply chain after signing a memorandum of understanding with Democratic Republic of Congo’s state cobalt buyer and Trafigura for long-term shipments of cobalt hydroxide to its planned Arizona refinery. The agreement brings together EVelution Energy, Entreprise Générale du Cobalt and Trafigura in a framework that could channel Congolese cobalt to the United States for processing into […]
Ondo Finance has opened a new route for tokenised US stocks and exchange-traded funds to move onto Hyperliquid, using LayerZero’s interoperability infrastructure to connect assets from Ethereum and BNB Chain to Hyperliquid’s HyperEVM environment. The move gives eligible users a way to transfer Ondo’s tokenised equity products through the Ondo Bridge and deploy them within one of decentralised finance’s most active trading ecosystems. The initial rollout covers […]
BYD is exploring talks with Stellantis and other European carmakers over underused plants, marking a potentially significant step in the Chinese group’s push to localise electric vehicle production in one of the world’s most contested auto markets. The discussions, disclosed by BYD executive vice-president Stella Li, include possible deals for factories in countries such as Italy, where established manufacturers are grappling with weak demand, high production costs […]
Dogecoin held near the 11-cent level after a volatile trading stretch, with large holders increasing their exposure even as the wider digital asset market continued to absorb selling pressure and cautious positioning across major tokens. The world’s largest memecoin by market value traded in a tight band after retreating earlier in the week, reflecting a market caught between renewed speculative appetite and resistance from profit-taking. Its latest […]
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty. Moody’s assessment points to a market under pressure but not in distress. Sales momentum has cooled as conflict across the Middle East unsettles investor sentiment, yet there […]
Oil loadings at Iran’s main crude export terminal appear to have stopped for several days, raising fresh concerns over Gulf supply as war pressure, shipping restrictions and environmental fears converge around Kharg Island. Commercial satellite imagery showed no ocean-going oil tankers at the island’s loading jetties on May 8, 9 or 11, marking the clearest sign so far of an extended interruption at the facility that handles […]
By T N Ashok NEW DELHI: As the war in Iran deepens and flames spread across West Asia’s energy corridors, India finds itself confronting an uncomfortable truth: its economic vulnerabilities are once again tied to oil tankers navigating distant waters. Rising crude prices, disrupted shipping lanes, soaring aviation fuel costs, fears over fertiliser imports, and […]
The article PM’s Advisory On Austerity Measures Exposes His Govt’s Loss Of Control appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Nigeria’s equities market has moved into a stronger expansion cycle as abundant domestic liquidity, expectations of looser monetary conditions and a widening valuation rerating continue to draw investors into listed banks, industrial counters, consumer goods companies and exchange-traded funds. Analysts at PAC Research have linked the rally on the Nigerian Exchange to four main forces: expanding local liquidity, expectations that monetary policy will normalise further, renewed […]
Washington’s fragile ceasefire with Tehran moved close to collapse after President Donald Trump rejected Iran’s latest response to a US peace proposal and described the arrangement as being on “massive life support”. Trump’s remarks on Monday marked one of the sharpest public assessments of the 10-week conflict, which has already disrupted shipping through the Strait of Hormuz, lifted energy prices and strained diplomacy across the Gulf. Speaking […]
TikTok has begun offering UK adults a £3.99 monthly option to use the short-video app without advertising, marking a significant shift in how one of the world’s largest social media platforms balances user privacy, advertising revenue and regulatory pressure. The subscription, called TikTok Ad-Free, is being rolled out gradually to users aged 18 and above. Those who sign up will no longer see adverts on the platform, […]
HONG KONG SAR – Media OutReach Newswire – 12 May 2026 – Bora Pharmaceuticals (“Bora” or “Bora Group”; TWSE: 6472; OTCQX: BORAY) today announced that its Board of Directors has approved the acquisition of the GMP manufacturing operations, including the CDMO business, of MacroGenics, Inc. (NASDAQ: MGNX), for total consideration of US$122.5 million, subject to customary working capital adjustments, and a contingent consideration of up to $5 million based on future customer orders. The transaction includes a biologics drug substance manufacturing facility located in Rockville, Maryland and an associated warehousing center in Frederick, Maryland. Upon closing of the acquisition, the Company will sign a long-term CDMO Service Agreement with MacroGenics.
Following closing, Bora Group intends to leverage the Rockville Site in cooperation with Tanvex Biopharma (TWSE: 6541), which operates the Group’s biologics CDMO franchise under the “Bora Biologics” brand. Together with Bora’s sterile drug product capabilities, this is expected to scale the Group’s end-to-end biologics platform.
The Rockville facility has operated as an outsource manufacturing partner since 2022 and is equipped with five 2,000-liter and two 500-liter single-use bioreactors and fully integrated QC and analytical laboratories and has been inspected by both the U.S. FDA and Japan’s PMDA. From the transaction, Bora is expected to assume a substantial backlog for the size of its Bora Biologics CDMO business, including commercial-stage monoclonal antibody programs, clinical-stage programs, and a strong project pipeline. Commercial manufacturing currently accounts for more than half of the site’s revenue.
“This acquisition marks a pivotal step in strengthening Bora’s integrated biologics CDMO platform in the United States”, said Bobby Sheng, Chairman and CEO of Bora Group. “With the addition of the Rockville site, Bora Biologics total drug substance capacity would be 20,000-liter (SUB) and Bora Group will integrate our in-house DS (Drug Substance) and DP (Drug Product) capabilities and network investments over the next 12 to 18 months to offer global biotech customers a seamless offering allowing customers to advance programs from development through commercial supply with one single partner.”
Bora’s Board of Directors has authorized the Chairman to finalize the transaction in line with market conditions and the regulatory environment. For the year ended December 31, 2025, MacroGenics reported contract manufacturing revenue of $52.6 million.
Hashtag: #BoraPharmaceuticals
The issuer is solely responsible for the content of this announcement.
Founded in 2007, Bora Pharmaceuticals (“Bora” or “the Company”, 6472.TW and BORAY.OTCQX) is a leading pharmaceutical services company with a vision and goal of “Contributing to Better Health All Over the World”. Operating under a “Dual Engine” model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients’ quality of life.
By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. Committed to making success “certain,” Bora sets new standards in the pharmaceutical and CDMO industries.
For more, please visit:
https://www.bora-corp.com
https://www.boracdmo.com
Disclaimer:
This document and the accompanying information may contain forward-looking statements. All statements regarding the company’s future business operations, potential events, and prospects (including but not limited to forecasts, targets, estimates, and operational plans) are considered forward-looking statements unless they refer to factual occurrences. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual results, including but not limited to price fluctuations, actual demand, exchange rate variations, market share, competitive conditions, changes in the legal, financial, and regulatory framework, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the company’s control. These forward-looking statements are based on current predictions and assessments, and the company disclaims any responsibility for future updates.
Washington has widened the corporate stakes around President Donald Trump’s China visit by inviting Elon Musk and Apple chief executive Tim Cook to join a business delegation accompanying him to Beijing for talks with President Xi Jinping. The trip, scheduled around high-level meetings on May 14 and 15, is being shaped as a test of whether the world’s two largest economies can stabilise a relationship strained by […]
False ship positions have multiplied around the Strait of Hormuz, with vessels shown inland, clustered at impossible coordinates and moving at implausible speeds as electronic interference intensifies around one of the world’s most sensitive energy corridors. The disruption has emerged alongside renewed attacks and drone activity across the Gulf, sharpening concerns for crews, shipowners, insurers and energy buyers already dealing with curtailed traffic through the waterway. The […]
Arabian Post Staff -Dubai Space42 has selected Skylo Technologies to provide standards-based direct-to-device connectivity through Thuraya-4, advancing plans to merge mobile satellite services with mainstream telecom networks across underserved land, sea and remote industrial zones. The Abu Dhabi-listed space technology company said the partnership will use Skylo’s 3GPP-compliant non-terrestrial network platform with Thuraya-4, Space42’s next-generation geostationary mobile communications satellite. The integration is designed to allow ordinary compatible […]
Nairobi became the centre of a sharper debate over Africa’s economic future on Monday as the Africa Forward Summit 2026 opened with agriculture emerging as a test of whether new Africa-France partnerships can move beyond diplomacy into measurable gains for producers. Co-hosted by President William Ruto and President Emmanuel Macron, the two-day gathering brings heads of state, multilateral lenders, business leaders, innovators and civil society groups to […]
Gold prices fell on Monday as President Donald Trump’s rejection of Iran’s latest peace proposal deepened concern that a prolonged squeeze on the Strait of Hormuz will keep energy costs elevated and complicate the fight against inflation. Spot gold dropped 0.8 per cent to $4,678.39 an ounce, while US gold futures for June delivery declined 0.9 per cent to $4,686.20. The fall came despite renewed geopolitical strain, […]
Fake DDR5 memory modules fitted with plastic dummy chips have surfaced in online hardware checks, raising fresh concern across PC component markets already strained by tight memory supply and rising prices. The counterfeit modules appear at first glance to resemble legitimate DDR5 sticks, carrying printed labels and layouts that imitate recognised brands. Closer inspection by hardware testers showed that the supposed DRAM packages were not functional silicon […]
Dubai’s property market is showing early signs of stabilisation nearly 10 weeks into the regional conflict, with April transaction activity edging higher and off-plan sales continuing to dominate despite softer secondary demand. Market data presented during Betterhomes’ May property webinar showed total transactions rising by just under 2 per cent month on month in April, while annual volumes were still 23 per cent lower. The figures suggest […]
Iran has handed Washington its formal response to a US peace proposal, but the exchange has deepened uncertainty over whether a 10-week war can be halted before the Strait of Hormuz crisis inflicts wider damage on energy markets and regional security. The response was delivered through Pakistan, which has emerged as a key mediator between Tehran and Washington. Iran’s position centres on an immediate cessation of hostilities […]
