Workflow
YAS Healthcare signs contract for a Proteus®ONE solution, the first proton therapy system to be installed in Dubai, UAE
Globenewswire· 2025-12-08 06:00
Core Insights - IBA has signed a contract with YAS Healthcare to install a ProteusONE compact proton therapy solution in Dubai, marking a significant advancement in cancer treatment in the UAE [1][2][4] - This installation will establish the first operational proton therapy center in the Gulf Cooperation Council (GCC) region, with patient treatments expected to commence in 2029 [2][4] - The contract includes the latest generation of proton therapy systems and a multi-year operation and maintenance agreement, with the typical price for such a system ranging between €35 million and €45 million [3][4] Company Overview - IBA is recognized as the world leader in particle accelerator technology and the leading provider of proton therapy solutions for cancer treatment [1][6] - The company is based in Louvain-la-Neuve, Belgium, and employs approximately 2,100 people globally, holding a B Corporation certification for social and environmental performance [6] - YAS Healthcare, a subsidiary of DAS Holding, is a prominent healthcare provider in Abu Dhabi, established in 2014, focusing on high-quality medical services [7]
Ageas to take full ownership of AG Insurance and formalise long term partnership with BNP Paribas
Globenewswire· 2025-12-08 06:00
Core Insights - Ageas has announced the acquisition of the remaining 25% stake in AG Insurance from BNP Paribas Fortis for EUR 1.9 billion, resulting in Ageas becoming the 100% owner of Belgium's leading insurer [2][4] - This acquisition aligns with Ageas's Elevate27 strategic goals, enhancing its focus on cash-generative activities and raising financial targets, including an increase in holding free cash flow from EUR 2.3 billion to EUR 2.6 billion [3][10] - A long-term relationship agreement has been established with BNP Paribas, allowing them to maintain a significant shareholding while respecting Ageas's autonomy [6][11] Financial Implications - The acquisition is expected to generate a levered return on invested capital (ROIC) of 15 to 16% and strengthen Ageas's capital position [4] - The transaction will be financed through a combination of cash reserves, existing financing facilities, and flexibility in the debt capital market [5] Strategic Partnerships - Ageas and BNP Paribas have reaffirmed their long-standing bancassurance partnership, which will continue for 15 years starting in 2027, enhancing distribution and asset management collaboration [8][9] - BNP Paribas will have the right to nominate a representative to the Ageas Board of Directors, reinforcing their strategic partnership [7]
China Eastern Airlines Launches World’s Longest Flight Featuring Museum-Themed Aircraft
Globenewswire· 2025-12-08 05:43
Core Insights - China Eastern Airlines (CEA) has launched a new route connecting Shanghai, Auckland, and Buenos Aires, marking the first direct flight from Shanghai to a major South American city [1][6] - The inaugural flight carried 282 passengers and set a record as the world's longest one-way commercial flight, reducing travel time from approximately 30 hours to 25 hours [1][6] - The route enhances international service offerings and facilitates trade between China, New Zealand, and Argentina through fifth freedom rights [6] Group 1 - The new route operates with Boeing 777-300ER aircraft, with flights departing from Shanghai on Mondays and Thursdays, and returning on Tuesdays and Fridays [3] - The aircraft features a "National Museum of China" themed livery, designed in collaboration with the National Museum of China, showcasing motifs inspired by the museum's artifacts [3] - An inaugural ceremony at Shanghai Pudong International Airport included Argentine-themed decor and special beverages and dishes for passengers [5] Group 2 - The route allows for passenger and cargo transfers in Auckland without changing aircraft, enhancing trade opportunities [6] - On the return flight, the aircraft transported 2.1 tonnes of Argentine cherries and 10.5 tonnes of fresh Chilean salmon to China [6] - The route is expected to promote cultural exchanges between the Asia-Pacific and Latin America, creating an "air bridge" across the Pacific Ocean [6]
CLINUVEL expands Singapore RD&I Centre to pioneer next-generation peptide therapies
Globenewswire· 2025-12-08 02:37
Core Insights - CLINUVEL PHARMACEUTICALS LTD is significantly expanding its VALLAURIX Research, Development and Innovation (RD&I) Centre in Singapore, marking a strategic five-year investment to establish the site as a global hub for advanced peptide formulations [1][11][21] Company Expansion and Strategy - The expansion is supported by the Singapore Economic Development Board (EDB) and aims to enhance formulation and analytical sciences, focusing on liquid controlled-release drug products to optimize therapeutic outcomes for patients [2][5] - The VALLAURIX RD&I Centre is dedicated to developing novel pharmaceutical formulations, particularly for CLINUVEL's melanocortins and other therapeutic peptides, with an emphasis on advanced stage programs [3][4] - Since its inception in 2014, the VALLAURIX site has evolved, with the current ISO9001-certified centre opening in 2020 and receiving upgrades in 2022; the new expansion will broaden its capabilities, with full commissioning targeted for FY2028 [4][13] Workforce and Economic Partnership - CLINUVEL plans to gradually increase its specialist headcount in Singapore over the next five years, facilitated by a strengthened partnership with the EDB, which will enhance technical expertise and capabilities [5][6] - The company has made a long-term investment in the VALLAURIX team and facility, leading to advancements in drug delivery systems and optimizing therapeutic dosing [6][9] Future Developments - The expansion will ensure ongoing projects in novel pharmaceutical and PhotoCosmetic formulation continue without disruption, preparing CLINUVEL to translate research into advanced therapies [7][8] - The strategic expansion highlights CLINUVEL's commitment to leveraging Singapore's biotech ecosystem to tackle complex therapeutic challenges and deliver next-generation peptide-based medicines [9][10]
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: The FX Super One First Pre-Production Vehicles Roll-off Ceremony is Scheduled for December 21 at the Company’s Hanford, CA Factory
Globenewswire· 2025-12-08 02:09
Core Insights - Faraday Future announced the roll-off ceremony for the FX Super One first pre-production vehicles scheduled for December 21, 2025, marking a significant milestone in its production journey [2][9][16] Group 1: Production Milestones - The company has achieved readiness for the first several pre-production vehicles, with nearly 3,000 parts per vehicle now on site, allowing for the formal launch of production [2][11] - The completion of the Bridge strategy is near, validating the feasibility and strategic value of the closed-loop model across various operational aspects [3][4] - The Hanford factory has entered the FX pre-production phase, creating a synergy among production, industrialization, supply chain, and Bridge systems [4] Group 2: Strategic Plans - The Board has conditionally approved a five-year volume production plan targeting cumulative production and sales of 400,000-500,000 units, contingent on securing necessary financing and partnerships [6][11] - The production framework aims to facilitate scalable deployment of future FX models, enhancing the company's capital position and market expectations [4][6] Group 3: Market Expansion and Impact - The initiative could empower the global expansion of China's automotive supply chain and unlock its value in the U.S. market, which is the highest-value market globally [5] - The project is expected to create jobs and contribute to manufacturing reshoring in the U.S., tapping into a blue-ocean segment [5] Group 4: Investor Engagement - Faraday Future participated in UBS's Global Industrials and Transportation Conference, engaging with institutional investors to provide an overview of its strategy and business progress [7] - The company aims to improve internal synergy and operational efficiency to better communicate its milestones and business vision to stakeholders [12]
Digital Realty Announces Access to Oracle Cloud Infrastructure in Singapore via FastConnect
Globenewswire· 2025-12-08 02:00
Core Insights - Digital Realty has announced new connectivity to Oracle Cloud Infrastructure (OCI) FastConnect in Singapore, enhancing its offerings in the region [1][2] - The introduction of the Oracle Solution Center in Singapore aims to support customers in designing and validating hybrid and AI architectures [1][5] - This initiative reinforces Singapore's position as a strategic hub for digital infrastructure and AI transformation [1] Connectivity and Performance - The new connectivity will provide low-latency access and improved redundancy for customers in Southeast Asia, facilitating better support for hybrid and AI-enabled workloads [2][3] - OCI offers best-in-class security, consistent high performance, and predictable pricing, enabling enterprises to transition workloads to the cloud efficiently [2] Strategic Partnership - The partnership between Digital Realty and Oracle is focused on enabling enterprises to connect seamlessly to the cloud and scale AI innovations [3] - Digital Realty's global footprint allows customers to easily provision dedicated high-throughput private connections to meet evolving business demands [3][4] Ecosystem Development - Digital Realty participated in the launch of the Oracle AI Centre of Excellence in Singapore, aimed at helping organizations train teams and experiment in secure cloud environments [5] - OCI's network includes over 110 FastConnect global and regional partners, providing customers with dedicated connectivity options to Oracle Cloud Regions [4] Company Overview - Digital Realty operates a global data center platform, PlatformDIGITAL®, which supports a wide range of data center, colocation, and interconnection solutions [6] - The company has a footprint of over 300 facilities across more than 25 countries, facilitating access to connected data communities [6]
ASH 2025 | Ascentage Pharma Presents Encouraging Data from Phase Ib/II Study of Bcl-2 Inhibitor Lisaftoclax in Venetoclax–Exposed Patients with Myeloid Malignances
Globenewswire· 2025-12-08 01:10
Core Insights - Ascentage Pharma presented promising results from a Phase Ib/II study of Lisaftoclax in combination with azacitidine for treating myeloid malignancies at the 67th ASH Annual Meeting, highlighting its potential to address unmet medical needs in this area [1][2][5] Company Overview - Ascentage Pharma Group International is a global biopharmaceutical company focused on developing novel therapies for cancer, with a strong pipeline that includes Lisaftoclax, Olverembatinib, and APG-5918 [12][14] Clinical Study Highlights - The study demonstrated a 31.8% overall response rate (ORR) in patients with venetoclax-resistant myeloid malignancies and an 80% ORR in newly diagnosed high-risk MDS/CMML [6][15] - The safety profile of Lisaftoclax was favorable, with no dose-limiting toxicities reported across all patient cohorts in the study [10][11] Drug Mechanism and Approval Status - Lisaftoclax is an orally administered Bcl-2 selective inhibitor that restores apoptosis in cancer cells and is already approved in China for CLL/SLL patients who have received prior systemic therapy [4][14] - The company is conducting four global registrational Phase III studies for Lisaftoclax in various indications, including CLL/SLL, AML, and MDS [4][16] Future Directions - Ascentage Pharma aims to accelerate clinical programs for Lisaftoclax to provide effective therapies for patients with myeloid malignancies, fulfilling its mission to address unmet clinical needs globally [5][11]
HUTCHMED Announces Expanded Coverage on National Reimbursement Drug List and Inclusion in the First Commercial Insurance Drug List in China
Globenewswire· 2025-12-08 00:00
Core Viewpoint - HUTCHMED has successfully renewed contracts with the China National Healthcare Security Administration (NHSA), ensuring the inclusion of its drugs ELUNATE, ORPATHYS, and SULANDA in the updated National Reimbursement Drug List (NRDL) effective January 1, 2026, and the addition of TAZVERIK to the National Commercial Health Insurance Innovative Drug List [1][4]. Group 1: Drug Inclusion and Details - ELUNATE (fruquintinib) is included for treating advanced endometrial cancer with pMMR tumors and metastatic colorectal cancer patients who have undergone prior chemotherapy [2]. - ORPATHYS (savolitinib) is included for adult patients with locally advanced or metastatic non-small cell lung cancer with MET exon 14 skipping alteration [3]. - SULANDA (surufatinib) is renewed for treating unresectable, locally advanced or metastatic, progressive non-functional well-differentiated neuroendocrine tumors [3]. - TAZVERIK (tazemetostat) is included in the Commercial Insurance Drug List for adult patients with relapsed or refractory follicular lymphoma with EZH2 mutation [4]. Group 2: Reimbursement Framework - The new Commercial Insurance Drug List, established by the NHSA, focuses on innovative medicines with significant clinical value, enabling reimbursement through various commercial health insurance products [4]. - As of the end of 2024, approximately 1.33 billion people in China had basic medical insurance coverage, representing around 95% of the population, highlighting the government's commitment to improving drug affordability [5]. Group 3: Company Overview - HUTCHMED is an innovative biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies and immunotherapies for cancer and immunological diseases [10]. - The company has successfully brought its first three medicines to market in China, with one also approved globally [10].
Immix Biopharma Announces Pricing of Upsized $100 Million Underwritten Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2025-12-07 23:20
Core Viewpoint - Immix Biopharma, Inc. has announced a registered offering of 19,117,646 shares of common stock priced at $5.10 per share, aiming to raise approximately $100 million in gross proceeds to support the development of its lead candidate, NXC-201, and for general corporate purposes [1][2]. Group 1: Offering Details - The offering includes pre-funded warrants to purchase 490,196 shares at a price of $5.09 per warrant, with the gross proceeds expected to be $100 million before expenses [1]. - The offering is expected to close on or about December 9, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash and cash equivalents, will be used to fund the development of NXC-201 and for working capital and general corporate purposes [2]. - The company anticipates that these funds will be sufficient to meet operational needs into mid-2027 [2]. Group 3: Company Overview - Immix Biopharma, Inc. is a leader in the treatment of relapsed/refractory AL Amyloidosis, a serious condition caused by toxic light chains produced by the immune system [6]. - The lead candidate, NXC-201, is a CAR-T cell therapy designed to filter out non-specific activation and target the source of toxic light chains [6]. - NXC-201 is currently being evaluated in a multi-center study in the U.S. and has received Regenerative Medicine Advanced Therapy designation from the FDA [6].
Structure Therapeutics to Report Data from ACCESS Clinical Program of Oral Small Molecule GLP-1 Receptor Agonist, Aleniglipron, on December 8, 2025
Globenewswire· 2025-12-07 23:20
Core Insights - Structure Therapeutics Inc. is set to release topline data from its ACCESS clinical program for aleniglipron, a once-daily oral small molecule GLP-1 receptor agonist aimed at treating obesity, on December 8, 2025 [1] - A conference call and webcast will be held by management to discuss the data at 8:30 a.m. ET on the same day [1] Company Overview - Structure Therapeutics is a clinical-stage biopharmaceutical company focused on developing innovative oral small molecule treatments for chronic metabolic conditions, particularly obesity [3] - The company utilizes a next-generation structure-based drug discovery platform to create a robust pipeline targeting GPCR, featuring multiple proprietary clinical-stage oral small molecule compounds [3] - The aim is to overcome the scalability limitations of traditional biologic and peptide therapies, making treatments more accessible to individuals with obesity globally [3]