Approval for first therapy to combat Alzheimer’s
Schlieren ZH - The United States Food and Drug Administration (FDA) has granted accelerated authorization for the first drug to slow the onset of Alzheimer’s, an irreversible neurodegenerative disease. The drug aducanumab was discovered by scientists working at Neurimmune AG in the Greater Zurich Area.
Fave raises 2.2 million dollars
Dietikon ZH – The seed financing round of the new social media platform Fave was oversubscribed by 200 percent. Major firms such as Sony Music and Warner Music have invested a total of 2.2 million US dollars in the superfan platform.
Autonomous robots from Greater Zurich revolutionize the healthcare sector
Filter membrane removes viruses
Zurich – A research team led by the Swiss Federal Institute of Technology in Zurich has successfully developed an environmentally friendly filter membrane that is able to reliably trap and remove viruses from water and air. It is simple and cost-effective to manufacture and should facilitate access to clean drinking water around the world. It can also be fitted in air filters.
Saudi Aramco invests in Energy Vault
Lugano - Saudi Aramco Energy Ventures is participating in Energy Vault. The investment of an undisclosed amount is intended to accelerate the global deployment of Energy Vault's unique energy storage towers.
FQX raises 4.7 million dollars from investors
Zurich – FQX, a FinTech from the Greater Zurich Area, has raised a total of 4.7 million US dollars in investment from a seed financing round. FQX is the world’s first company to develop a blockchain-based infrastructure for electronic promissory note deals, also known as eNotes.
ETH academic subjects are best in the world
Zurich – The Swiss Federal Institute of Technology in Zurich (ETH) has been ranked first in the world for its Water Resources chair in the Shanghai Global Ranking of Academic Subjects. Overall, eight of its subject areas are in the top ten of their category. Other Swiss universities also made the league table.
Dätwyler expanding production capacities
Altdorf – Dätwyler is expanding its production capacities in the canton of Uri and at other locations worldwide. The industrial group expects to invest up to 130 million Swiss francs in 2021. As a result, it intends to meet demand from vaccine manufacturers and Nespresso.
Wefox now valued at 3 billion dollars
Zurich/Berlin - Wefox has closed the world’s largest Series C financing round for an InsurTech firm: the digital insurance company raised a total of 650 million US dollars. Since 2019, the start-up has therefore tripled in value to now be worth nearly 3 billion dollars.
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