Monday, June 1, 2009

Mergers Update: 02/06/09

 

POLARIS IN PACT WITH EGYPT CO
Chennai
The Hindu Business Line

Summit Technology Solutions, a Summit Holding company, Egypt, has announced its partnership with Polaris Software Lab Ltd.

Through this partnership, Polaris has made its first major product go live in the Egypt market. Intellect Lending, Polaris’ product for mortgage finance, has been chosen by Tamweel, Egypt’s third licensed mortgage company, to boost its time-to-market and has been the first to have such an automated system in that country, according to a Polaris press release.

 
 


TAKE SOLUTIONS IN PACT WITH SOUTH KOREAN FIRM
Mumbai
Business Standard

Take Solutions, an international business technology firm, today said it has entered into an agreement with South Korea-based IL-Yang Pharma Company Ltd for providing investigational new drug (IND) submission services to the company.

The purpose of the IND submission is to gain Food and Drug Administration (FDA) non-objection to study the investigational agent in humans, Take Solutions said in a filing to the Bombay Stock Exchange.

"Our reworked strategy toward focusing on the Asia Pacific region has received a major boost with IL-Yang Pharma," Take Solutions Vice President — sales, Life Sciences APAC, L Ramesh said.

The IND submission must include, sufficient pre-clinical data, details of chemistry and description of mechanism of action of the agent, the filing added.

Shares of Take Solutions were trading at Rs 38.30, up 8.50 percent on the BSE.



3 comments:

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Alisha said...

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Alisha said...

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