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Wilmington Business News

AstraZeneca
Regional

AstraZeneca Highlights Late-Stage Cancer, Rare Disease Data at ASCO

June 3, 2026June 2, 2026 - by Timothy Alexander

WILMINGTON, DE — AstraZeneca said new Phase III cancer and rare disease data presented at the American Society of Clinical Oncology annual meeting could strengthen the company’s position in several …

AstraZeneca Highlights Late-Stage Cancer, Rare Disease Data at ASCO Read More

Incyte
Regional

Incyte Deepens AI Drug Discovery Bet in $120 Million Deal

June 2, 2026June 1, 2026 - by Timothy Alexander

WILMINGTON, DE — Incyte (Nasdaq: INCY) is expanding its partnership with biotechnology software firm Genesis Molecular AI in a deal worth $120 million upfront, giving the company broader access to …

Incyte Deepens AI Drug Discovery Bet in $120 Million Deal Read More
The LYCRA Company
Regional

LYCRA Cuts Debt by $1.2 Billion, Exits Bankruptcy Protection

June 1, 2026June 5, 2026 - by Timothy Alexander

WILMINGTON, DE — The LYCRA Company emerged from Chapter 11 bankruptcy protection on May 20 after eliminating more than $1.2 billion in long-term debt and securing over $75 million in …

LYCRA Cuts Debt by $1.2 Billion, Exits Bankruptcy Protection Read More

CSC
Regional

Financial Firms Struggle to Manage Expanding Pay Programs

June 1, 2026May 31, 2026 - by Timothy Alexander

WILMINGTON, DE — Financial services firms are facing mounting challenges managing executive compensation programs as participation expands, regulatory scrutiny increases and legacy technology systems struggle to handle growing administrative demands, …

Financial Firms Struggle to Manage Expanding Pay Programs Read More
Incyte
Regional

Incyte Expands AI Role in Drug Discovery

June 1, 2026May 31, 2026 - by Timothy Alexander

WILMINGTON, DE — Incyte (Nasdaq: INCY) has entered a strategic collaboration with Edison Scientific to integrate an artificial intelligence platform across portions of its drug discovery and development operations, reflecting …

Incyte Expands AI Role in Drug Discovery Read More

AstraZeneca
Regional

FDA Clears AstraZeneca Blood Pressure Drug, Expanding Options for Uncontrolled Hypertension

May 31, 2026May 30, 2026 - by Timothy Alexander

WILMINGTON, DE — AstraZeneca received U.S. regulatory approval for BAXFENDY (baxdrostat), a new treatment for adults with uncontrolled hypertension, marking the first new drug class for the condition in years …

FDA Clears AstraZeneca Blood Pressure Drug, Expanding Options for Uncontrolled Hypertension Read More
InterDigital
Regional

InterDigital Expands IoT Licensing With Fintech Deal

May 27, 2026May 26, 2026 - by Timothy Alexander

WILMINGTON, DE — InterDigital, Inc. (Nasdaq: IDCC) signed a new Internet of Things patent licensing agreement with an unnamed fintech company, extending the company’s monetization strategy beyond smartphones into connected …

InterDigital Expands IoT Licensing With Fintech Deal Read More

Global Indemnity Group
Regional

Global Indemnity Adds Venture Capital Executive to Board

May 27, 2026May 26, 2026 - by Timothy Alexander

WILMINGTON, DE — Global Indemnity Group, LLC (Nasdaq: GBLI) appointed technology investor and healthcare venture executive Michele Colucci to its board of directors, which became effective May 18, as insurers …

Global Indemnity Adds Venture Capital Executive to Board Read More
Business News
Regional

Onfolio Targets Acquisitions to Reach Positive Cash Flow

May 27, 2026May 26, 2026 - by Timothy Alexander

WILMINGTON, DE — Onfolio Holdings Inc. (Nasdaq: ONFO) signed exclusive letters of intent to acquire four online businesses with a combined $4.1 million in trailing adjusted EBITDA, a move the …

Onfolio Targets Acquisitions to Reach Positive Cash Flow Read More
NRx Pharmaceuticals
Regional

NRx Pushes Toward Ketamine Launch Amid FDA Review

May 27, 2026May 26, 2026 - by Timothy Alexander

WILMINGTON, DE — NRx Pharmaceuticals, Inc. (Nasdaq: NRXP) moved closer to potential commercialization of its preservative-free ketamine product in the first quarter as the company scaled manufacturing, advanced multiple FDA …

NRx Pushes Toward Ketamine Launch Amid FDA Review Read More

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