Indian bitcoin company raises $1.5 million from U.S., Indian investors
NEW YORK Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday.
GW Pharmaceuticals Plc (GWP.L), a British developer of marijuana-based pain killers, is working with an investment bank after other drug makers approached it to express interest in an acquisition, according to people familiar with the matter.
The move shows how the Salisbury, England-based company is emerging as a coveted target for larger pharmaceutical companies thanks to its key drug, Epidolex, which uses cannabis-based compounds to treat epilepsy.
GW has hired investment bank Morgan Stanley (MS.N) to help handle the overtures, the people said this week. The company is not currently interested in exploring a sale, and there is no certainty that any deal will occur, the people added.
The identity of the potential suitors could not be established. The sources asked not to be identified because the deliberations are confidential. GW declined to comment. Morgan Stanley did not respond to a request for comment.
(Reporting by Carl O'Donnell in New York and Arno Schuetze in Frankfurt; Additional reporting by Greg Roumeliotis in New York and Ben Hirschler in London; Editing by Andrew Hay)
BHUBANESWAR, India Tata Steel Ltd is making good progress on acquiring the land it needs to double the capacity of its newest steel plant in Odisha to meet growing demand in the country, a company executive said.
TOKYO Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut.