Azurity Pharmaceuticals, Inc. (Azurity) announced the closing of its acquisition of Slayback Pharma LLC (Slayback) from existing investors including KKR, a leading global investment firm, and Everstone Capital. Slayback is now a wholly-owned subsidiary of Azurity. The acquisition brings together companies with complementary strengths, enhancing Azurity’s ability to realize its purpose of Serving Overlooked Patients. The…
United Kingdom‐based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited. Both sides have signed a MoU as part of the investment deal. SpiceJet Ltd. recently completed the hive off ‘SpiceXpress’ into a separate entity effective April 1, 2023 paving the way for the Company to raise funds independently. Headquartered…
Pure Storage, an IT company that delivers storage as-a-service in a multi-cloud world, announced plans to expand its Research & Development (R&D) capabilities in India. The company also announced the appointment of Ajeya Motaganahalli as Managing Director for India R&D. The announcements mark another milestone in Pure’s continued commitment to innovation and global growth plans. Pure…
SpiceJet, the countryʹs favourite airline and the largest regional player, has signed a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for a strategic alliance in respect of the financing, acquisition and sale and lease‐back of 50 new planes to be ordered by the airline. The MoU sets out the next steps and…
Slayback Pharma LLC announced the appointment of Dr. Sumitra Pillai as Vice President and the new Head of R&D. Sumitra will be based out of Slayback’s Hyderabad, India office. Prior to joining Slayback, Sumitra was the Vice President of Research and Development at Dr. Reddy’s Laboratories where she was instrumental in successful development of numerous…
Shilpa Bhatia, a former SpiceJet executive has recently announced that she will be rejoining the company as its Chief Commercial Officer, after a five-month brief stint with IndiGo. SpiceJet through a press release announced her comeback and also said that “this is Shilpa’s third stint with SpiceJet.” Shilpa joined IndiGo in August 2019 after quitting…
Slayback Pharma LLC has announced an agreement with The Everstone Group (“Everstone”) to invest up to US$50 million in Series B funding. The new capital will be used to expand and accelerate further Slayback’s already rich and differentiated pipeline of complex generic and specialty pharmaceutical products. In addition to the investment, Everstone Managing Directors Arjun…