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TriNetX and Fujitsu Launch Joint Venture to Increase Japanese Patients' Access to Life-Changing Medicines
Prnewswire· 2025-02-12 13:02
Group 1: Partnership Overview - TriNetX has partnered with Fujitsu to form TriNetX Japan K.K., aiming to utilize anonymized electronic health record (EHR) data from Japanese patients to enhance clinical trials and drug development [1][4] - The joint venture represents a significant advancement in integrating Japan into the global data-driven medicine landscape, leveraging Japan's status as the third-largest pharmaceutical market [2][3] Group 2: Strategic Goals and Benefits - The collaboration aims to create an environment for efficient use of previously underutilized Japanese medical data for clinical research, ultimately improving patient treatment options [5] - The new entity will integrate TriNetX's global network of over 200 million patient records with Fujitsu's cloud-based healthcare platform, facilitating access to large-scale EHR datasets for researchers and pharmaceutical companies [4][5] Group 3: Leadership and Future Directions - Shogo Wakabayashi has been appointed as the Country Manager for TriNetX Japan K.K., with key executives from TriNetX serving on the Board of Directors [6] - The initiative aligns with the increasing participation of Japanese medical institutions in the TriNetX network, fostering novel studies and clinical trial opportunities [5]
Oramed Announces Transformative Joint Venture to Accelerate Development and Commercialization of Oral Insulin
Prnewswire· 2025-02-11 14:15
Core Viewpoint - Oramed Pharmaceuticals Inc. has announced the spin-off of its Protein Oral Delivery (POD™) technology into a new joint venture, OraTech Pharmaceuticals Inc., aimed at accelerating the development and commercialization of oral insulin and other innovative oral drug delivery technologies [1][2][4]. Group 1: Company Structure and Financials - Oramed will transfer its proprietary oral insulin and POD™ technology, along with other pipeline assets, into OraTech, allowing Oramed shareholders to receive a majority equity interest in the new entity [2][7]. - Oramed and Hefei Tianhui Biotech Co., Ltd. (HTIT) will contribute a combined $75 million in capital to OraTech, with HTIT investing $60 million and Oramed investing $15 million [2][7]. - OraTech will have global marketing rights to Oramed's POD™ oral protein delivery technology [7]. Group 2: Strategic Focus and Development Plans - OraTech will focus on bringing oral insulin to market and exploring broader applications of oral drug delivery for additional therapeutic targets [3][4]. - A pivotal Phase 3 clinical trial in the United States is planned to be reinitiated, with a revised protocol expected to begin this quarter [7]. - OraTech aims to advance the registration of oral insulin in the U.S. and other countries, and will receive royalty payments from sales of oral insulin in China, where a Marketing Authorization Application has been submitted [7]. Group 3: Manufacturing and Operational Capabilities - OraTech will leverage HTIT's advanced manufacturing capabilities, particularly in capsule production, to ensure a robust and scalable supply chain for clinical trials and commercialization efforts [3][4]. - The collaboration is expected to enhance the development and commercialization of Oramed's ORMD-0801 oral insulin and other POD™-based technologies, reinforcing the vision of revolutionizing diabetes and chronic disease treatments [1][8].
Golden Arrow Reports On Joint Ventures, Including Amended Option on Mogote Project for Cash and Equity and First Drilling at Caballos Project
Prnewswire· 2025-02-11 12:00
Core Points - Golden Arrow Resources Corporation has amended its option agreement with Mogotes Metals Inc. for the Mogote Copper-Gold Project in Argentina, allowing Mogotes Metals to acquire a 100% interest in the project for CAD$1 million, which includes cash, a private placement, and a 1.5% net smelter returns royalty [1][2][3] Financial Details - Mogotes Metals will pay CAD$550,000 in cash and invest CAD$450,000 through a private placement at a minimum price of CAD$0.05 per unit, with each unit consisting of one common share and one warrant [3][4] - The agreement includes the issuance of 10,714,285 common shares of Mogotes Metals to Golden Arrow on the initial closing date, with additional shares valued at CAD$1.5 million to be issued within one year [4][5] Project Development - Golden Arrow is advancing exploration at its Caballos Copper-Gold Project, where drilling has commenced, marking the first drill testing of the property [2][7] - The initial drilling program at Caballos is expected to include three holes totaling approximately 1,000 meters [2] Strategic Outlook - The company aims to utilize the cash from the amended agreement to further explore its active projects in Argentina and Chile, particularly the San Pietro copper-gold-iron-cobalt project [2][7] - The strategy of optioning non-core assets is beginning to yield positive results, with expectations for a productive year ahead [2][7]
Joint Stock Company Kaspi.kz Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - KSPI
Prnewswire· 2025-02-10 10:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Joint Stock Company Kaspi.kz regarding a class action lawsuit due to allegations of misleading statements and undisclosed risks associated with the company's operations during a specific period [1][2]. Group 1: Allegations Against Kaspi.kz - The complaint alleges that Kaspi.kz continued business with Russian entities and provided services to Russian citizens after Russia's invasion of Ukraine, exposing the company to undisclosed sanction risks [1]. - The company is accused of engaging in undisclosed related party transactions [1]. - Certain executives of Kaspi.kz are alleged to have links to reputed criminals, which raises concerns about the integrity of the company's operations [1]. - As a result of these issues, statements made by the defendants regarding Kaspi.kz's business, operations, and prospects are claimed to be materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as January 19, 2024, to September 19, 2024 [1]. - Shareholders are encouraged to register for the class action by February 18, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
District and Boliden Joint Technical Committee Approve 2025 Exploration Budget on the Tomtebo and Stollberg Properties and Commence Drilling at the Tomtebo Property in Sweden
Newsfile· 2025-02-10 07:00
Core Points - District Metals Corp. and Boliden Minerals AB have approved a 2025 exploration budget of CDN$3.0 million, representing a 50% increase from the 2024 budget, to be equally allocated between the Tomtebo and Stollberg properties [2][6] - The exploration will include geological mapping, geochemical sampling, historical drill core review, and core drilling, with a planned core drill program of 1,500 to 2,000 meters in three to four drill holes at the Tomtebo Mine [6][8] - The current drilling phase aims to test targets identified from previous drilling, particularly in the Steffenburgs zone, where significant widths of high-grade polymetallic mineralization have been intersected [4][6] Exploration Details - The drilling will focus on the broader Steffenburgs zone and will step out below a previous hole that returned notable mineralization results, including 29.25 meters at 0.95% Cu, 0.67 g/t Au, 1.6% Zn, 0.8% Pb, and 30 g/t Ag [6][8] - Additional targets include the Kvistaberget area, which is supported by a SkyTEM conductive anomaly and historical copper sulphide workings, and the Lövås Mine, which has historical drill holes indicating open mineralization [5][6] - Permitting is currently underway for drilling at the Kvistaberget and Lövås Mine target areas, expected to commence later in 2025 [6][8] Company Background - District Metals Corp. is focused on exploring and developing polymetallic properties in Sweden, particularly the Viken and Tomtebo properties [12][13] - The Tomtebo Property is located in the Bergslagen Mining District, situated between the historic Falun Mine and Boliden's Garpenberg Mine, with a trend of historic polymetallic mines and showings [13]
OHA is Administrative Agent & Joint Lead Arranger of Private Unitranche Financing Supporting Berkshire Partners' Acquisition of Triumvirate Environmental
GlobeNewswire News Room· 2025-02-06 15:15
Company Overview - Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience, managing approximately $71 billion of capital across various credit strategies as of September 30, 2024 [3][4] - Triumvirate Environmental, founded in 1988, provides sustainable environmental solutions to over 4,000 customers across North America, focusing on life sciences, healthcare, education, and advanced manufacturing [5] - Berkshire Partners is a 100% employee-owned investment firm with a focus on private and public equity, currently investing from its Fund XI, which has approximately $7.8 billion in commitments [6] Financing Details - OHA served as Administrative Agent and Joint Lead Arranger for a private unitranche facility to support Berkshire Partners' acquisition of Triumvirate Environmental, which includes a unitranche term loan, delayed draw term loan, and revolver [1][2] - OHA's financing flexibility and structuring expertise, along with its relationship with Berkshire Partners, enabled a quick diligence process and a tailored financing solution for the acquisition [2] Strategic Insights - Triumvirate has established a niche competitive position within the environmental services industry, and OHA aims to support the company's growth trajectory through effective financing solutions [3]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Joint Stock Company Kaspi.kz of Class Action Lawsuit and Upcoming Deadlines - KSPI
Prnewswire· 2025-02-04 20:33
NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Joint Stock Company Kaspi.kz ("Kaspi.kz" or the "Company") (NASDAQ: KSPI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Kaspi.kz and certain of it ...
Hanwha and Baker Hughes Enter into Joint Development Agreement for Ammonia Gas Turbines
Prnewswire· 2025-02-03 07:00
Hanwha Power Systems and Hanwha Ocean cooperate with global energy technology company Baker Hughes. Leading the decarbonization of the hard-to-abate marine transportation sector through fuel-flexible combustion technology. SEOUL, South Korea, Feb. 3, 2025 /PRNewswire/ -- With the goal of completely carbon-free operation of ships, Hanwha Power Systems and Hanwha Ocean (KRX: 042660) signed a Joint Development and Collaboration Agreement with Baker Hughes (NASDAQ: BKR), a global energy technology company, to ...
Joint Stock Company Kaspi.kz Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before February 18, 2025 to Discuss Your Rights - KSPI
Prnewswire· 2025-01-31 10:45
Core Viewpoint - A class action securities lawsuit has been filed against Joint Stock Company Kaspi.kz, alleging securities fraud that affected investors between January 19, 2024, and September 19, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the company made false statements and concealed critical information, including continued business with Russian entities post-2022 invasion of Ukraine, which exposed the company to undisclosed sanction risks [3]. - Allegations also include undisclosed related party transactions and connections of certain executives to reputed criminals, leading to materially false and misleading statements about the company's business and prospects [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until February 18, 2025, to request appointment as lead plaintiff, with no costs or obligations to participate in the lawsuit [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [5].
U Power and Ezzy Transporter Establish Joint Venture to Bring UOTTA Battery-Swapping Solutions to Thailand
Prnewswire· 2025-01-29 12:00
Joint venture will facilitate customized production and sales of battery swapping vehicles to take advantage of Thailand's booming EV marketSHANGHAI, Jan. 29, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has signed a cooperation agreement with Ezzy Transporter (Thailand) Company Limited ("Ezzy Transporter") to establish Green ...