CTech’s Daily Israeli Tech News Roundup
An exclusive interview with Apple’s chip chief Johny Srouji. Also, from legal problems to board meeting tips.
Biotech company loses case in court. MediWound, which develops a chronic wound treatment gel made of pineapple enzymes based on the intellectual property of PolyHeal, was ordered to follow through on previous agreement to buy PolyHeal shares for $1.5 million. Read more.
Indian L&T opening Jerusalem offices. The India-based engineering company is moving towards a future where all communication occurs through the cloud, says company vice president, and that required advanced security knowledge like the kind found abundantly in Israel. Read more.
Drone manufacturer investigated. Aeronautics Defense Systems is being investigated in connection with a deal the company made with a prominent customer, police said, while Israeli court issues a sweeping gag order. Read more.
Rising defense budgets lift Elbit. The maker of electronics for military applications filed its third quarters results Tuesday, reporting higher net income and an increase in its backlog of orders, driven by growing defense budgets in its target markets. Read more.
How to run a startup board meeting. Board meetings can be a great pain or a add great value to a startup. Here’s how to achieve the latter. Read more.
Allergan sells Teva stock. Allergan pledged its shares to J.P. Morgan’s London branch as collateral as part of a loan agreement. The company already agreed to sell a quarter of the stock in the first quarter of 2018. Read more.
Healthcare cybersecurity startup raises funds. Medigate develops a platform that protects medical devices such as patient monitors, MRIs and CAT scanners from cyber attacks once the devices are connected to a healthcare provider network. Read more.
Chinese accelerator launched in Israel. The Chinese government is backing a startup accelerator in Haifa, with the goal of facilitate business ties between Israeli tech entrepreneurs and companies clustered in the city of Chengdu in western China. Read more.
Helena the robot is looking for employees. San Francisco and Tel Aviv-based Woo.io, a company applying artificial intelligence technologies to headhunting and talent scouting, has raised $7 million. Read more.