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The Israeli company, Sealantis which was established on the basis of technology developed at the Technion, was sold for $ 25 million and royalties from future sales to Advanced Medical Solutions (AMS) The company develops medical adhesives based on technology from the Technion, which mimics the mechanism of adhesion of algae to rocks under water. "This is a basic research inspired by a natural phenomenon that developed into applied technology, was patented and finally became a product that will enable hundreds of thousands of patients to be treated." Advanced Medical Solutions (AMS), a...

The tax authority is reporting an increase in the level of the purchase tax, according to the rate of increase in the index. In this case, in the case of a single dwelling, the minimum purchase tax threshold increased from NIS 1,696,750 to NIS 1,744,505, while in the case of another dwelling, if in 2019 an 8% tax on the value of up to NIS 5,194,225 was paid from the price of the apartment, then Tax is payable at this rate on the par value up to NIS 5,340,425. In light of the changes, unit-dwellers from January 16 this year will be charged with purchase tax according to the following steps:...

The court overturned fines that the Consumer Protection Authority imposed on telecommunications companies, and ruled that it had to repay the fines it collected alongside reimbursement of legal expenses. In aggregate, this amounts to more than NIS 5 million, which the PA will repay to four mobile companies, including reimbursement of fines and legal fees. To Cellcom to receive NIS 3.4 million back, and to Partner and Pelephone together to receive NIS 1 million - now joins Golan Telecom, which will receive NIS 612,000 paid as a fine for violating the Consumer Protection Law - according to a...

In a secret election, the Knesset elected opposition representative MK Karin Elharar (Yesh Atid) as a member of the committee for selecting judges. The plenary rejected the candidacy of MK Tali Gottlieb (Likud). Since Gottlieb was the only candidate of the coalition, she was left without a representative in the committee, which means that in 30 days the Knesset will convene again to elect a representative of the coalition

Mellanox, one of the largest chip companies in the world, was sold to US chip giant Anbidia for $ 7 billion. This is the second exit of the company's founder and CEO, hi-tech entrepreneur Eyal Waldman, after his Galileo was floated on the stock exchange about 20 years ago. Under the terms of the agreement, Anbidia will acquire all the issued and outstanding ordinary shares of Mellanox for $ 125 per share in cash, representing the total value of the Company's operations. The acquisition will bring together two of the world's leading high performance computing (HPC) companies. Together,...