Seven cos in bidding war pushed up Mellanoxs…

Seven international companies made inquiries about the acquisition of Israeli big data connectivity company Mellanox Technologies Ltd. (Nasdaq:MLNX) in recent months, and four of them conducted due diligence and made actual bids. The eventual winning…

InterCures Canndoc sets up second cannabis farm

Medical cannabis company Canndoc, fully owned by InterCure Ltd. (TASE: INCR-L), has announced the founding of a second large facility in southern Israel on a 174-dunam (43.5-acre) site. The land is already used for agriculture,…

ForeScout to expand Israel development center

Cybersecurity company ForeScout Technologies Inc. (Nasdaq: FSCT) is expanding and hiring new employees for its development center in Tel Aviv, sources inform "Globes." The company currently has 20% of its 1,100 employees worldwide in Tel…

Israeli AI-powered voice search co Audioburst raises $10m

Israeli AI-powered voice search platform Audioburst today announced that it has raised a financing round of $10 million from Dentsu and Hyundai Motor Co. and with the participation of existing investors. This investment brings Audioburst’s…

Teva abandons fremanezumab cluster headache trial

An analysis of the Phase III study in episodic cluster headache revealed that the study’s primary endpoint is unlikely to be met. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) today announced that it is…

Netanyahu: Well name Golan settlement for Trump

"We must express our appreciation for Donald Trump recognizing Israeli sovereignty over the Golan Heights," Benjamin Netanyahu said. Israeli Prime Minister Benjamin Netanyahu has announced his intention to name a Golan Heights settlement for US…

Shekel weaker in thin holiday trading

Rising oil prices will lift inflation in Israel and means the next interest rate hike will be sooner rather than later. The shekel is weakening today against the dollar and against the euro. In late…