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20 September 2017

Biomed (Illustration: Shutterstock) Israeli co Enlivex Therapeutics raises $8m

The financing led by Korea Investment Partners will fund Phase III clinical trials of the Jerusalem company's lead compound for the prevention of Graft Vs Host Disease (GVHD).

20/09/2017 09:15 Healthcare Globes correspondent

19 September 2017

Teva teams with Nuvelution on Tourette syndrome drug

The two companies will develop AUSTEDO (deutetrabenazine) tablets for the treatment of tics associated with Tourette syndrome in pediatric patients in the US.

Karmiel railway line opens

Residents of the region will travel for free for 3 months and at a 50% discount for the two years after that.

Agriculture Ministry to recognize cannabis as farming sector

Cannabis growers for medical use will receive support, grants, water quotas, and training.

19/09/2017 16:54 Healthcare Shany Moses
Teva in talks with Azrieli to rent new Petah Tikva HQ

Azrieli yesterday bought land in Petah Tikva from Amos Luzon and Tidhar.

19/09/2017 16:14 Healthcare Kobi Yeshayahou
MediWound raises $22m in Nasdaq offering

The company's wound treatment product has successfully passed Phase II trials.

19/09/2017 15:48 Healthcare Gali Weinreb
Container security co Aqua Security raises $25m

The investment will enable the Israeli company to capitalize on the strong demand for its cloud-native container security platform.

Compromise reached with nuclear employee cancer victims

170 nuclear reactor employees, pensioners, and families will receive NIS 78 million.

19/09/2017 14:58 Legal Tal Schneider
Trump procrastinates on peace process

Washington analysts believe the White House has decided to refrain from any "obsessive engagement" in the Israeli-Palestinian conflict.

Israeli sugar reduction co DouxMatok raises $8.1m

Tests conducted by food and beverage multinationals have confirmed that, when using DouxMatok sugars, they can reduce up to 40% of the sugar content in their products.

Big data co Panoply raises $5m


Panoply combines machine learning with traditional data management and storage technologies.

Limit for online imports tax exemption to remain $75

A government committee does, however, recommend easing regulations applying to personal imports.

19/09/2017 12:01 Economy Michal Raz-Chaimovich
Israeli cos Ceva, Orbotech on Fortune Fastest-Growing list

Ceva ranked 52nd overall on the list and Orbotech 79th.

19/09/2017 11:11 IT Globes correspondent
Trump highlights peace with Palestinians

In his public statement to US President Trump at their meeting in New York, Prime Minister Benjamin Netanyahu stressed "the terrible nuclear deal with Iran." 

19/09/2017 10:54 Politics Tal Schneider
Hapoalim raises NIS 900m in deposits from institutions

For a year now, Bank Hapoalim has been raising capital privately, avoiding the need to publish a prospectus.

19/09/2017 10:19 Financial services Irit Avissar

18 September 2017

Treasury budget dept halts industry aid program launch

The department opposes any increase in budgetary spending for industrialists.

Israel Shipyards launches patrol ship built for Cypriot Navy

The new OPV is based on the SAAR 4 and SAAR 4.5 ships in service with the Israel Navy.

High-density living coming to Caesarea

The new project consists of 86 apartments in 3-4 storey buildings.

18/09/2017 18:52 Real estate Shlomit Tsur
Light demand for Navitas equity offering

Energy exploration partnership Navitas raised only NIS 32 million of the NIS 50 million it wanted.

18/09/2017 18:48 Energy Ron Stein
Israeli surgical visualization co Augmedics raises $8.3m

The round was led by Swiss fund AO Invest.

18/09/2017 17:38 Healthcare Globes correspondent
Outbrain launches new native advertising platform

Outbrain says that its new system makes it the world's largest distribution system for native advertising.

Israel Innovation Authority eyes second biotech incubator

The success of FutuRX in Rehovot has led the Innovation Authority to plan an incubator in northern Israel as well.

18/09/2017 15:59 Healthcare Gali Weinreb
Teva sells remaining women's health assets for $1.38b

Together with the sale of Paragard, Teva will realize $2.48 billion for repayment of loan debt.

18/09/2017 15:34 Healthcare Globes correspondent
Elbit Systems restructuring cyber subsidiary

Cyberbit's defense business is being transferred to the parent company.

Magal sees North American revival

The company has received orders totaling over $5 million to provide security solutions for correctional facilities.

Shlomo Eliahu raises NIS 1.3b in bond offering

The interest rate on the bond, which will not be marketable, was set at 3.8%, well below the maximum.

18/09/2017 10:28 Financial services Aviv Levy

17 September 2017

Mexico deploys Aeronautics unmanned aerial system

The system was supplied by Mexico’s Balam Security.

Securities Authority close to concluding Bezeq probe

The case will shortly be handed over to the State Attorney for a decision on whether to file indictments.

17/09/2017 19:12 Legal Ela Levi-Weinrib
Collplant receives first order for biological ink

The ink is designed for 3D printing of organs and tissues for healing wounds.

17/09/2017 18:18 Healthcare Gali Weinreb
BoI: Low interest rate not to blame for home prices

A Bank of Israel study finds that a 1% change in the interest rate causes only a 1.1% change in real housing prices.

Shlomit Weiss moves from Intel to Mellanox

Weiss will replace Mellanox co-founder Alon Webman at the head of Mellanox's silicon engineering team.

17/09/2017 16:37 IT Shiri Habib-Valdhorn
As control battle continues, ADO buys in Berlin

The company bought 1,298 housing units and 60 commercial units in Berlin for NIS 885 million.

17/09/2017 16:02 Real estate Kobi Yeshayahou
Meitav Dash acquiring Bank of Jerusalem TASE subsidiary

The prospective merger will reduce the number of TASE members to 22.

Ethernity Networks improves profitability

In its first financials as a public company, Ethernity reported a steep rise in gross margins, but financing costs weighed on net profit.

17/09/2017 14:42 IT Shiri Habib-Valdhorn
Teva using less water, producing less garbage

Teva's 2016 social impact report shows women doing well in lower management but under-represented in the most senior posts.

17/09/2017 14:17 Healthcare Shiri Habib-Valdhorn
Bezeq to support 8200 Social Program

Bezeq will give each startup in the social technology accelerator communications services worth NIS 1,000 a month.

17/09/2017 13:42 Healthcare Globes correspondent
Joint Cornell, Technion campus opens in New York

The New York municipality initiated the campus for training in technology and entrepreneurship.

17/09/2017 11:45 Economy Gali Weinreb
CPI up 0.3% in August

The reading is in line with market expectations. Housing prices maintained their upward momentum. 

17/09/2017 10:15 Economy Amiram Barkat
Treasury to cancel customs duty on baby-care products

Imported spectacles and contact lenses will also become free of duty.

17/09/2017 09:57 Economy Globes correspondent

14 September 2017

Israeli gov't to streamline business licensing

A business classified as low-risk will be able to obtain a license within 21 days.

14/09/2017 19:44 Economy Yuval Azulai
Sirius Int'l buying Delek Group's Phoenix stake in stages

The initial purchase is 4.9%. Sirius will buy Delek Group's remaining 47.4% at a later stage subject to regulatory approval. 

14/09/2017 18:48 Financial services Ron Stein
Tax Authority sets sights on Israelis' accounts in Germany

The Israel Tax Authority has obtained a list of Israelis holding accounts at German banks.

Brosh fund acquires 6.2% Kamada stake

Kamada's share price has plunged 40% in the past three months, following failure in a drug trial.

14/09/2017 17:53 Healthcare Gali Weinreb
Agriculture Ministry seeks to eliminate milk sector planning

The ministry's director general is recommending a free market for milk.

14/09/2017 16:46 Basic industries Shany Moses
Amdocs buys Ra'anana site from Teva

Amdocs paid NIS 200 million for the land on which Teva had planned to build its headquarters.

14/09/2017 15:30 Healthcare Shiri Habib-Valdhorn
Daimler invests in Israeli fast battery charge co StoreDot

Daimler has come in as a strategic investor to accelerate adoption of StoreDot's FlashBattery technology for electric vehicles.

14/09/2017 14:26 Start ups Globes correspondent
Strauss to sell hummus in Germany

Production will be in the Netherlands under the Obela brand owned jointly by Strauss Group and Pepsico.

14/09/2017 14:02 Basic industries Shany Moses
Tax Authority probing lawyer close to Netanyahu

The investigation concerns the lawyer's personal affairs and is not connected to the prime minister or his wife.

14/09/2017 11:18 Legal Globes correspondent
Pratt & Whitney vastly expands deal with Bet Shemesh Engines

Bet Shemesh Engines' revenue under the agreement first signed last December will rise by $530 million to $640 million.

Super-Pharm in talks on sale of 40% stake

Controlling shareholder Leon Koffler is negotiating a sale to an international fund that can assist the Israeli drugstore chain in expanding overseas.

13 September 2017

Tahal wins Indian water projects totaling $76m

Kardan NV wants to sell Tahal to repay its bondholders.

iPhone 8 to reach Israel in 2 weeks

The iPhone X will arrive in December, following the November global launch.

13/09/2017 18:33 Retailing Michal Raz-Chaimovich
Police seek documents from Leumi branches


Israel Police is conducting an investigation in connection with the tax evasion affair in which Bank Leumi paid a NIS 1.3 billion penalty in the US.

Cisco chief Chambers: 50% of jobs will soon be irrelevant

John Chambers spoke on a panel at a "Leadership and Innovation" conference held to mark the anniversary of the death of Shimon Peres.

13/09/2017 17:58 Economy Michal Raz-Chaimovich
Supreme Court nixes retroactive tax losses

Tax expert: The court preferred certainty in tax law to justice for a specific taxpayer.

13/09/2017 17:44 Legal Ela Levi-Weinrib
High Court IDF draft ruling provokes haredi anger

Among a series of momentous rulings handed down yesterday, Israel's High Court of Justice declared the law exempting yeshiva students from army service unconstitutional.

13/09/2017 16:58 Politics Ela Levi-Weinrib
Altshuler Shaham to represent BlackRock in Israel

Altshuler Shaham: Cooperation will facilitate broader and higher quality exposure to global markets for Israelis.

13/09/2017 14:58 Financial services Ron Stein
Supreme Court eases business kashrut rules

Businesses can display their standard of kashrut in writing without any Rabbinate certificate.

13/09/2017 14:19 Legal Ela Levi-Weinrib
Nextchip licenses Ceva platform for ADAS vision system

The embedded CEVA-XM4 imaging and vision platform enables Nextchip customers to develop ADAS applications by means of high-level software programming.

13/09/2017 14:05 IT Globes correspondent
Strauss markets startup Yofix's vegan yoghurt

The startup is currently negotiating with a distributor to the supermarket chains.

13/09/2017 13:13 Basic industries Shany Moses
Entera Bio raising $10m at $94m valuation

Entera is developing a drug for the treatment of osteoporosis.

13/09/2017 12:24 Healthcare Gali Weinreb
Menorah Mivtachim to co-invest with Navitas in energy exploration

Insurance company Menorah Mivtachim will invest in Navitas Petroleum projects of up to $150 million.

13/09/2017 10:11 Financial services Ron Stein

12 September 2017

Analysts welcome Teva CEO move

One investment bank has upgraded Teva to "Buy" following the appointment of Kåre Schultz.

12/09/2017 19:52 Healthcare Shiri Habib-Valdhorn
Justice minister mulls new antitrust court

The new court will have more authority than the Restrictive Trade Practices Tribunal.

12/09/2017 19:44 Economy Chen Ma'anit
Israeli housing starts down 24% in Q2

Housing starts in July 2016-June 2017 fell everywhere except in the southern and Haifa districts.

12/09/2017 17:13 Real estate Ori Chudy
Hainan Airways launches Tel Aviv-Shanghai flights

The Chinese airline will operate three flights a week.

12/09/2017 14:28 Tourism Michal Raz-Chaimovich
Rafael to open Beersheva R&D branch

The branch will be in the Advanced Technologies Park adjacent to Ben-Gurion University of the Negev.

Fiber-optics venture seeking regulatory concessions

IBC wants to deploy infrastructure in only 40% of the country.

12/09/2017 12:11 Market Gad Perez
Israeli co AdaSky launches infrared smart car sensor

The Yokneam-based company's first product Viper is a high-resolution, thermal camera for autonomous vehicles with minimal size, weight and power consumption.

12/09/2017 12:08 Start ups Dubi Ben-Gedalyahu
Tourist entries to Israel up 20% in August

2.3 million tourists entered Israel in January-August 2017, 24% more than the 1.8 million who entered during the corresponding period last year.

12/09/2017 11:57 Tourism Michal Raz-Chaimovich
Police question another Steinitz associate

The police are also investigating whether people close to Michael Ganor contributed to Yuval Steinitz's primaries campaign.

12/09/2017 09:57 Politics Chen Ma'anit
Benny Landa: Teva board still needs shaking up

Activist Teva investor Landa hopes new CEO Kare Schultz will wean the company off generics.

12/09/2017 09:39 Healthcare Gali Weinreb
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