CTech’s Wednesday Roundup of Israeli Tech News

FSD Pharma Co-Chairman on Where the Cannabis Industry Is Headed. On a visit to Israel, the co-chairman of the company said he believes cannabis research is going to come from Israel and Australia. He expects China to become a significant player in the cannabis market. Read more

Red Hat acquires Israeli cloud management startup NooBaa. NooBaa develops software for managing data storage services across hybrid and multicloud environments. Read more

 

BNP Paribas backs API startup OpenLegacy. OpenLegacy develops an API integration platform that helps companies extend their legacy systems to the web and offer additional services. Read more

Analysis | Diamond trade binds Israel and the UAE together. Diamonds comprise a significant portion of the Israeli economy, generating roughly 13% of the country’s total goods exports in 2017. Read more

Netflix users in Israel pay more to watch less, report says. The average price per title in Israel is $0.00164, compared with $0.00137 in the U.S. and $0.00124 in Canada. Read more 

Teva’s generic EpiPen now available in the U.S. in limited numbers. In August, the Israel-headquartered drugmaker won approval to market the first generic EpiPen auto-injectors in the U.S. Read more

Fosun Pharma acquires Israeli distributer via Israeli subsidiary Sisram. Sisram Medical, formerly Alma Lasers, is buying Nova Medical, one of the largest distributors of medical aesthetic devices in Israel. Read more

Chinese battery maker EVE signs manufacture agreement with Israel-based startup storedot. Storedot develops fast-charging batteries for mobile phones, tablets, laptops, and electric vehicles. Read more

Sanara Ventures announces winners of healthcare startup competition. The Israel-based accelerator and incubator is backed by Teva and Philips. Read more

South Korea to acquire radar systems from Israeli defense contractor ELTA. The radar systems are transportable, ground-based systems, designed to autonomously detect and track dozens of long-range tactical ballistic missiles. Read more

Netanyahu flying to Chad to resume relations with the Muslim-majority African country. Israeli Prime Minister Benjamin Netanyahu will fly to N’Djamena, the capital of Chad, to announce the resumption of diplomatic relations with the Muslim-majority African country. Read more