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New Consensus Statements on Impact of Genital Psoriasis on Patients from Genital Psoriasis Wellness Consortium Published in Journal of the European Academy of Dermatology and Venereology Clinical Practice
GlobeNewswire· 2025-05-15 13:29
Core Viewpoint - Arcutis Biotherapeutics has announced the publication of 14 consensus statements from the Genital Psoriasis Wellness Consortium, aimed at improving the understanding and management of genital psoriasis, which significantly impacts patients' quality of life and interpersonal relationships [1][2][3]. Group 1: Consensus Statements and Guidelines - The consensus statements focus on three key areas: physical diagnosis and patient conversations, impact on quality of life and interpersonal relationships, and treatment decisions [1][2]. - Genital psoriasis affects approximately six million Americans and is often underreported and undertreated due to its sensitive nature [2][4]. - The Consortium's guidelines aim to normalize conversations about genital psoriasis and improve shared decision-making between clinicians and patients [3][5]. Group 2: Research and Methodology - A comprehensive literature review was conducted, analyzing 78 unique publications to formulate the consensus statements [2]. - The consensus was developed using a modified Delphi process, which included virtual meetings and anonymous surveys to gather feedback [2][3]. Group 3: Clinical Implications - Genital psoriasis should be recognized as a distinct diagnosis with a unique ICD-10-CM code to facilitate better diagnosis and treatment [5]. - Early diagnosis is critical, as the psychological burden and symptoms may worsen over time if not addressed promptly [5][10]. - The implementation of standardized assessment tools and comprehensive skin examinations is recommended to improve patient care [5][10]. Group 4: Company Overview - Arcutis Biotherapeutics is a commercial-stage biopharmaceutical company focused on innovations in immuno-dermatology, with a portfolio aimed at addressing immune-mediated dermatological diseases [6]. - The company is committed to developing differentiated therapies and has a robust pipeline for various inflammatory dermatological conditions [6].
La Société de projet BVH1, s.e.n.c. Announces a $960 Million Financing for Des Neiges – Secteur sud Wind Project
GlobeNewswire· 2025-05-15 13:26
Core Points - The Des Neiges - Secteur sud wind power project has secured $960 million in financing and is currently under construction, with a total capacity of 400 MW [1][10] - The project is expected to significantly contribute to the economic development of Côte-de-Beaupré and enhance Québec's economic and climate resilience, representing an investment of around $1 billion [2] - Approximately 500 jobs will be created during the construction phase, with around 15 jobs during operation and maintenance [2] - The project will distribute over $80 million to host communities, specifically for the Secteur sud project [2] - The project aims to generate 1.2 TWh of energy annually, enough to power about 70,000 homes or 325,000 electric vehicles [6] Financial Highlights - The financing structure includes a $733 million construction loan, a $170 million bridge loan, and a $57 million guarantees facility [8] - The construction loan will convert to a term loan upon the start of electricity deliveries, expected in Q4 2026 [8] Project Development - Borea Construction has been mobilized for preliminary work since December 2024, with site work scheduled to begin in the coming months [5] - The project is the first of three potential 400 MW wind power projects planned for the Seigneurie de Beaupré private lands [6] Company Collaboration - Boralex, Énergir, and Hydro-Québec are collaborating on this project, emphasizing the importance of partnerships in achieving energy independence and sustainable growth for Québec [3]
Altai Announces Senior Management Addition
GlobeNewswire· 2025-05-15 13:22
Core Insights - Altai Resources Inc. has appointed Yana Silina as the new Chief Financial Officer, bringing over 15 years of experience in financial reporting and corporate governance [1][2] - Ms. Silina has a background in venture capital and resource sectors, and currently serves as CFO for multiple companies [2] - Altai Resources is a resource company based in Toronto, with operations including a producing oil property in Alberta and an exploration gold property in Quebec [3] Company Overview - Altai Resources Inc. is involved in the resource sector with a focus on oil and gold [3] - The company maintains a Canadian investment portfolio that includes cash, cash equivalents, and marketable securities [3] - Additional information about Altai can be found on SEDAR+ and the company's website [3]
SRx Health Solutions Further Diversifies Treasury Strategy with Purchase of Bitcoin; Company to Form a Crypto Treasury Subsidiary with Plan to Partner with an Industry Leader
GlobeNewswire· 2025-05-15 13:20
Core Viewpoint - SRx Health Solutions, Inc. is diversifying its treasury strategy by investing in cryptocurrencies, including Bitcoin and Solana, as part of its asset diversification plan [1][2][3]. Group 1: Investment Strategy - The company has allocated $1.5 million to purchase Solana Tokens (SOL) and plans to invest up to 10% of future cash flows and cash reserves into cryptocurrencies and precious metals [2]. - The Chairman of SRx Health Solutions, Adesh Vora, stated that the diversification of assets is aimed at enhancing financial resilience and creating long-term value for shareholders [3]. Group 2: Future Plans - The company is considering the establishment of a crypto treasury strategy, which could be developed as a separate subsidiary or integrated into the existing health and wellness platform with a suitable industry partner [4]. Group 3: Company Overview - SRx Health Solutions, Inc. is a Canadian healthcare services provider operating within the specialty healthcare industry, with a network that spans all ten Canadian provinces [5]. - The company focuses on creating strategies and solutions that exceed client expectations and improve patient care initiatives [5].
CORRECTION - Mersana Therapeutics Provides Business Update and Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-15 13:20
Core Insights - Mersana Therapeutics, Inc. provided a business update and reported financial results for Q1 2025, focusing on the development of its antibody-drug conjugates (ADCs) targeting cancers with high unmet medical needs [2][15]. Business Update - The company is advancing the development of Emi-Le, a B7-H4-directed Dolasynthen ADC, with promising preliminary data presented at ESMO Breast Cancer 2025 [3][4]. - Encouraging clinical activity data showed an objective response rate (ORR) of 31% among evaluable patients with B7-H4 high tumors receiving intermediate doses of Emi-Le, an increase from 23% previously reported [5][7]. - The focus remains on triple-negative breast cancer (TNBC) patients, with ongoing enrollment in dose expansion cohorts [6][10]. Clinical Data - Updated clinical data from Emi-Le's Phase 1 trial indicated a median progression-free survival (PFS) of 16.0 weeks and a median overall survival (OS) of 5.7 months for patients with B7-H4 low TNBC [8]. - The company plans to report initial clinical data from the expansion portion of its Phase 1 trial in the second half of 2025 [11]. Financial Results - As of March 31, 2025, Mersana had cash and cash equivalents of $102.3 million, with net cash used in operating activities amounting to $29.3 million for Q1 2025 [15][20]. - Collaboration revenue for Q1 2025 was $2.8 million, a decrease from $9.2 million in the same period in 2024, primarily due to reduced revenue from collaboration agreements [15][16]. - The net loss for Q1 2025 was $24.1 million, or $0.19 per share, compared to a net loss of $19.3 million, or $0.16 per share, for the same period in 2024 [20][25]. Future Plans - Mersana is set to present at the American Society of Clinical Oncology (ASCO) 2025 Annual Meeting, with two presentations regarding Emi-Le planned [12]. - The company continues to support collaborations with Johnson & Johnson and Merck KGaA, focusing on the development of its ADC platforms [14].
Silo Pharma Announces Pricing of $2 Million Public Offering
GlobeNewswire· 2025-05-15 13:15
Core Viewpoint - Silo Pharma, Inc. has announced a public offering of 3,333,338 shares of common stock at a price of $0.60 per share, along with associated warrants, aiming to raise approximately $2 million for general working capital purposes [1][2]. Group 1: Offering Details - The public offering includes 3,333,338 shares of common stock and two series of warrants (Series A-1 and Series A-2), each with an exercise price of $0.60 per share [1]. - The Series A-1 Warrants are exercisable upon issuance and will expire five years thereafter, while the Series A-2 Warrants will expire eighteen months after issuance [1]. - The closing of the offering is expected to occur on or about May 16, 2025, subject to customary closing conditions [1]. Group 2: Financial Aspects - The gross proceeds from the offering are expected to be approximately $2 million before deducting fees and expenses [2]. - The net proceeds will be used for general working capital purposes [2]. Group 3: Company Overview - Silo Pharma, Inc. is a developmental stage biopharmaceutical company focused on addressing underserved conditions such as stress-induced psychiatric disorders, chronic pain, and CNS diseases [5]. - The company's portfolio includes innovative programs targeting PTSD, fibromyalgia, chronic pain, Alzheimer's disease, and multiple sclerosis [5]. - Research is conducted in collaboration with leading universities and laboratories [5].
Kartoon Studios Q1 2025 Revenue Soars 56% Over Prior Year - Company on Track for Profit By End of Year
GlobeNewswire· 2025-05-15 13:15
Core Insights - Kartoon Studios reported a significant revenue increase of 138% year-over-year and 29% sequentially, achieving profitability in its Mainframe Animation Unit and Kartoon Channel! [1][6][24] Financial Performance - Total revenue for Q1 2025 reached $9.5 million, with a 56.4% year-over-year increase [25] - Production services revenue surged by 137.9% [6] - Operating loss improved by 51.1% year-over-year and 11.9% sequentially [6] - General and administrative expenses were reduced by 24.9% [6] - The company maintains a debt-free balance sheet with zero long-term debt [6][24] Business Growth and Strategy - Mainframe Studios serves as a consistent revenue driver, with over 90% of its 2025 budget revenue already under contract [9] - Kartoon Channel! is the 1 kids' streaming app on the Apple App Store, outperforming competitors like Netflix and Disney+ [12][17] - The platform's global reach extends to over 1.5 billion potential viewers across 61+ countries [13] Intellectual Property and Future Projects - Upcoming franchises include "A Hundred Acre Woods' Winnie & Friends" and "Stan Lee's The Excelsiors," expected to contribute significantly to revenue [20][22] - The creative team behind "Winnie & Friends" includes industry veterans known for successful franchises, enhancing its market potential [21][22] Operational Efficiency - The company has focused on optimizing operations, resulting in a leaner structure and improved financial metrics [4][23] - With four consecutive quarters of revenue growth, Kartoon Studios is positioned for sustained profitability by the end of 2025 [24]
Rackspace Technology Successfully Migrates Housing Authority of the City of Austin to Microsoft Azure and Microsoft 365, Significantly Improving Operational Resiliency, Business Continuity and Strengthening Security
GlobeNewswire· 2025-05-15 13:15
Core Insights - Rackspace Technology successfully migrated the Housing Authority of the City of Austin's (HACA) technology infrastructure to Microsoft Azure and Microsoft 365, enhancing operational resilience and security [1][4] - HACA, a public-sector entity, provides essential housing services to low-income families and prioritizes operational continuity and security [2][3] - The transition to a cloud-based environment was prompted by critical downtime during a severe winter storm, which exposed vulnerabilities in HACA's on-premises infrastructure [3][4] HACA's Operational Needs - HACA requires technology to be available 99.9% of the time to support its mission of providing housing to vulnerable citizens [4] - The organization has approximately 240 staff members and manages various housing assistance programs through digital platforms [2] Migration and Improvements - The migration involved the seamless transition of 373 users and over 3.7 TB of data to Microsoft 365, significantly improving HACA's operational agility [4] - The new cloud infrastructure has enhanced business continuity, disaster recovery capabilities, and cybersecurity posture [4][5] Future Readiness - HACA's modernized technology stack provides a flexible and secure foundation for adopting emerging technologies and complying with evolving government standards [5] - The new environment allows HACA to respond proactively to future technological demands and community needs [5]
Ensurge Micropower ASA - Annual General Meeting Held on 15 May 2025
GlobeNewswire· 2025-05-15 13:11
An Annual General Meeting in Ensurge Micropower ASA (the "Company") was held today as an electronic meeting. An alternative agenda proposal was presented by certain shareholders, such proposal entailing that agenda items 6.2, 7, 8, 9, 10, and 11 in the notice and proposal by the board of directors were to be removed from the agenda and voting. The alternative agenda proposal was approved by the general meeting. Further, the general meeting resolved to elect board member Morten Opstad to chair the meeting, ...
Intuitive Announces CEO Transition Effective July 1, 2025
GlobeNewswire· 2025-05-15 13:05
Core Viewpoint - Intuitive has announced the promotion of President Dave Rosa to CEO, effective July 1, 2025, as part of a planned succession strategy, with current CEO Gary Guthart transitioning to executive chair of the board [1][2][3] Leadership Transition - The board's decision reflects confidence in Rosa's leadership capabilities, particularly in strategy development and global expansion [2] - Guthart has been recognized for his 15 years of leadership, contributing significantly to advancements in robotic-assisted surgery [3][4] - Rosa has a long history with Intuitive, having joined as the ninth employee in 1996 and holding various leadership roles [6][8] Achievements and Vision - Rosa has been instrumental in developing key products like the da Vinci SP robotic-assisted surgical system and the Ion robotic bronchoscopy system [7] - The company aims to enhance patient outcomes and reduce treatment costs, aligning with the Quintuple Aim of healthcare [5][9] - Intuitive has performed nearly 17 million da Vinci procedures and trained almost 90,000 surgeons in its first 30 years [9]