CTech's Sunday Roundup of Israeli Tech News

In depth | The unicorns gallop ahead despite all warning signs. WeWork's failed IPO will hold back investors but it will not change the easy availability of money in the industry. Dozens of companies passed the $1 billion valuation mark with no regard to traditional financial parameters, and it is the economy and the employees that may pay the final price. Read more

Israel’s medical cannabis reform continues to benefit nearly no one. Coming into full effect in September and intended to help standardize the industry, the reform has so far resulted in market shortages and hiked prices.Read more Teva consortium fails to reach opioid abuse settlement, report says. A $50 billion offer made last week by Teva and the three largest drug distributors in the U.S. does not seem to have panned out, Reuters reported Friday. Read more

Opinion | Sail Ahoy, HAL: when computers will autonomously roam the seas. Fully autonomous ships are on the horizon for the maritime industry and will reduce risks as well as its environmental footprint. Read more

Booming tech industry sends Tel Aviv office rental prices up. Between January and September, the average rental cost per square meter of Tel Aviv office space went up 6%. In Haifa, which houses both IBM and Intel's research and development centers, office rental prices only rose by 2%. Read more

Pharma company Cosmo takes 22% stake in gastro treatment company Redhill. The deal will make Ireland-headquartered Cosmo the largest shareholder of Israel-based Redhill. Read more

BiblioTech | CTech’s book review: talent plus persistence equals success. Orna Kleinmann, the managing director of SAP Labs Israel, on Malcolm Gladwell's "Outliers: The Story of Success. Read more

Hospitality chain Selina announces first location in Northern Israel. The new location, which is set to include a recording studio and co-working space, will open in the first quarter of 2020. Read more