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Mubadala

All articles tagged with #mubadala

business3 months ago

GIP Nears $40 Billion Deal to Acquire Aligned Data Centers

Global Infrastructure Partners is in advanced negotiations to acquire Aligned Data Centers for about $40 billion, a deal that highlights the booming interest in AI infrastructure investments, with involvement from Mubadala and potential expansion into other sectors like power utilities. The transaction, if finalized, would be among the largest this year, reflecting the surge in data center and AI-related infrastructure spending amid concerns over market bubbles and demand sustainability.

biotech2 years ago

Mubadala's Venture Crew Targets New Frontier in Biotech Drug Development.

Mubadala's venture group is focusing on protein degradation, a new modality in drug discovery, after Rami Hannoush's meeting with UCSF's Jim Wells. FDA advisors unanimously recommended accelerated approval for Biogen's ALS drug tofersen, despite it failing its Phase III study. Genentech is halting commercial manufacturing at its California headquarters and laying off several hundred employees. A new study finds that patient influencers are sharing prescription drug experiences along with health information. Novartis is calling off a UK-based trial for Leqvio in the primary prevention of cardiovascular events in patients with high cholesterol.