Maxwell Biotech VC fund finances fight against bronchial asthma

Marchmont News 21 September 2012 Maxwell Biotech, a Russian VC fund, has decided to invest in Eleventa, a start-up established earlier this year to develop and commercialize drugs to treat bronchial asthma and some other respiratory allergic diseases, the official...

Russian software publisher ABBYY acquires US VAR Digital Documents

East-West Digital News 21 September 2012 Abbyy, a Moscow-headquartered global provider of document recognition, data capture and linguistic technologies and services, announced last week it has acquired Digital Documents, a California-based value-added reseller (VAR)...

Sistema Shares Rise on Bid for 25% of Freight One

Bloomberg 25 September 2012 Billionaire Vladimir Evtushenkov’s AFK Sistema rose after saying it plans to compete for state-run OAO Russian Railways’ 25 percent stake in OAO Freight One in October. Sistema gained as much as 1.9 percent before closing up 0.4 percent at...

Promsvyazbank Goes Ahead With $500M IPO

Moscow Times 25 September 2012 Promsvyazbank, one of Russia’s biggest privately owned lenders, announced Monday that it will proceed with a $500 million listing in London and Moscow. The move comes less than a week after market leader Sberbank’s $5.2...