R&D expenses of $1.6m last year were the drug development company’s largest expense. Read More »
Globes Online 
Israel's Business Arena
visit
L’Oreal Israel drops Helena Rubinstein brand
L’Oreal representatives have collected all Helena Rubinstein products from the company’s Israeli franchisee. Read More »
SPO Medical in deal with Israel’s SporTracker
The biosensor developer was founded by Israel Serussi, who is CEO of SPO Medical Systems Ltd. in Kfar Saba. Read More »
IP optimization co Allot breaks even
CFO Doron Arazi will leave the company in April, after three years. Read More »
Hapoalim downgrades Alvarion
Analyst David Levinson: Alvarion still suffers from high uncertainty and that its turnover is falling. Read More »
Gilat gets new Costa Rica orders
Market sources estimate the deal at $4 million. Read More »
Arotech share jumps on anticipated results announcement
CEO Robert Ehrlich predicts $21 million revenue for the fourth quarter and $75 million revenue for 2009. Read More »
TAT unit signs landing gear contracts worth $7m
One contract is with a regional North American operator and the other is with a European operator. Read More »
Markstone deal with NY Attorney General ends bribery scandal
Markstone will pay $18 million to the New York State pension fund following an agreement with Andrew Cuomo. Read More »
Foreigners drive currency swap trades
Nonresidents’ share of total turnover increased to about 60% in January. Read More »
Partner beats revenue and EPS estimates
The mobile operator added 34,000 net new subscribers during the fourth quarter, to reach three million subscribers. Read More »
Demand for high-tech workers grows for eighth straight month
Manpower Israel: Demand for high-tech executives was up 87% last month compared with January 2009. Read More »
Data mining co Pursway raises $6m
The company already has five customers for its solution, including Orange and Vodafone. Read More »
Capital Point co LRS completes orthopedics product test
BonFixatore guides nails used in hip surgery. Read More »
HOT owner Drahi extends CEO term
HOT CEO Herzl Ozer will get stock options worth NIS 220,000. Read More »
Knesset okays new Bank of Israel law
Finance Minister Yuval Steinitz: It’s no secret that there are built-in tensions between the two institutions. Read More »
ACC wins Med-Ashdod oil exploration license
ACC Group is headed by US businessman Chaim Lebovits and Ashdod entrepreneur Jacky Ben Zaken. Read More »
Social-networking music start-up TuneWiki raises $7m
TuneWiki’s application is suitable for the iPhone, Android, Blackberry, and Nokia smartphones. Read More »
Ampal, Clal Industries venture wins Greek wind power license
Global Wind Energy expects to invest up to $100 million. Read More »
Bronfman Fisher sell Olimpia stake
Matthew Bronfman and Shalom Fisher wrote off NIS 110 million on their investment in the real estate company. Read More »
Hapoalim top bank pick for Merrill Lynch
Merrill Lynch reiterates its “Buy” recommendation with a target price of NIS 20.80. Read More »
Voltaire sees 31-37% growth in 2010
CEO Ronnie Kenneth: We are well-positioned at the forefront of a coming widespread infrastructure refresh in the data center. Read More »
Cafe Cafe plans nationwide expansion
The company says that the expansion will turn it into Israel’s largest cafe chain. Read More »
Elbit Imaging plans $1b US property investment
Mordechai Zisser’s company hopes to sell the properties within 5-7 years. Read More »
IDB unit Koor stake in Credit Suisse near 3%
At current prices, Koor has an unrealized loss of NIS 1.1 billion on the holding. Read More »
Shekel weaker against euro after strong move in 2010
The shekel has strengthened 6.3% against the euro so far this year. Read More »
Skin treatment co HealOr gets NIS 16.5m grant
The Chief Scientist has given the grant to HealOr to develop a psoriasis treatment. Read More »
Tel Aviv tops home price rises in 2009
Tel Aviv had the highest average price for a four-room apartment at the end of 2009, followed by Herzliya and Jerusalem. Read More »
Intel Israel revenue up 145% to $3.4 billion
Intel Israel general manager Maxine Fassberg: We want to build the next 22-nanometer fab in Israel, at an investment of $2.7 billion. Read More »
Library software co Ex Libris buys European distributor
The deal is worth about $3-4 million and will enable Ex Libris to add a Scandinavian branch to its operations. Read More »