Praxis Medicines to Present at 36th International Epilepsy Congress 2025 in Lisbon, Showcasing Latest RADIANT Study Data and Leading Precision Epilepsy Pipeline
Globenewswire· 2025-08-25 20:01
Company Overview - Praxis Precision Medicines, Inc. is a clinical-stage biopharmaceutical company focused on developing therapies for central nervous system (CNS) disorders, particularly epilepsy [1][13] - The company utilizes proprietary small molecule and antisense oligonucleotide (ASO) platforms to address neurological disorders characterized by neuronal excitation-inhibition imbalance [13] Upcoming Event Participation - Praxis will participate in the International Epilepsy Congress (IEC) from August 30 to September 3, 2025, in Lisbon, Portugal, showcasing its advancements in epilepsy treatment [1][2] - The company plans to present topline results from the RADIANT study in focal onset seizures (FOS) and share updates on its precision epilepsy pipeline through twelve presentations [2][4] Research and Development Highlights - Vormatrigine, a small molecule targeting sodium channels, is being developed for adult focal onset seizures and generalized epilepsy, showing robust seizure reduction in clinical studies [4][8] - Relutrigine, a first-in-class small molecule for developmental and epileptic encephalopathies (DEEs), has demonstrated significant seizure control in preclinical models and received multiple designations from regulatory agencies [11][12] - Elsunersen, an ASO targeting SCN2A gene expression, has shown promise in reducing seizures and improving outcomes in SCN2A-DEE models, with ongoing studies under collaboration with Ionis Pharmaceuticals [12][13] Presentation Schedule - Praxis will conduct various presentations during the IEC, including platform and poster presentations, detailing the predictive validity of preclinical seizure models and updates from ongoing studies [3][6][10]
Rent the Runway to Report Second Quarter 2025 Results on September 11, 2025
Globenewswire· 2025-08-25 20:01
Company Announcement - Rent the Runway, Inc. plans to release its second quarter 2025 financial results on September 11, 2025, after market close [1] - A conference call and live webcast will be held at 4:30 p.m. Eastern Time on the same day to discuss the results and provide a business update [1] Access Information - The financial results and live webcast will be accessible through the Investor Relations section of Rent the Runway's website [2] - To access the conference call, U.S. callers can dial 1-877-407-3982, while international callers can use 1-201-493-6780 [2] Replay Details - A replay of the conference call will be available shortly after the call for at least fourteen days [3] - U.S. callers can access the replay by dialing 1-844-512-2921, and international callers can use 1-412-317-6671 with access code 13755468 [3] Company Overview - Founded in 2009, Rent the Runway is transforming the fashion industry with its "Closet in the Cloud" concept [4] - The company offers subscription services, a-la-carte rentals, and resale options from hundreds of designer brands, featuring millions of items for various occasions [4] - Under the leadership of CEO Jennifer Hyman, Rent the Runway has received multiple accolades, including being named to CNBC's "Disruptor 50" five times and Fast Company's Most Innovative Companies list four times [4]
Molecular Partners reports financial results and highlights recent clinical pipeline progress for H1 2025
Globenewswire· 2025-08-25 20:00
Core Insights - Molecular Partners AG is making significant progress in its clinical programs, particularly with MP0712 and MP0533, with key milestones expected in the near future [2][6] - The company has appointed Martin Steegmaier, Ph.D., as Chief Scientific Officer, enhancing its leadership team [2][15] - Financially, the company is in a strong position with cash reserves projected to last until 2028 [2][19] Research & Development Highlights - MP0533 is in a Phase 1/2a trial for acute myeloid leukemia, showing promising results with over 30% of evaluable patients achieving a clinical response [3][4] - The dosing regimen for MP0533 has been optimized to enhance patient responses, with initial data from cohort 9 expected in Q4 2025 [5][6] - MP0712, a Radio-DARPin therapy for small cell lung cancer, is preparing for an IND filing, with initial clinical data anticipated in H1 2026 [8][9] Corporate Governance Highlights - The appointment of Martin Steegmaier, Ph.D., as CSO is aimed at strengthening the company's focus on oncology drug development [15] - A strategic review led to a planned reduction of up to 40 positions, which is expected to improve operational efficiency and extend the cash runway into 2028 [16] Financial and Business Outlook - For 2025, the company expects total operating expenses between CHF 55-65 million, with a significant portion being non-cash costs [18] - As of June 30, 2025, cash and cash equivalents totaled CHF 114 million, sufficient to fund operations into 2028 [19]
Amlan® to Present on Biotoxin Control and Antibiotic-Free Poultry Production at Malaysia Livestock 2025
Globenewswire· 2025-08-25 20:00
Amlan® to Present on Biotoxin Control and Antibiotic-Free Poultry Production at Malaysia Livestock 2025 Amlan International, the animal health business of Oil-Dri® Corporation of America and a global leader in natural feed additives, will participate in Malaysia Livestock 2025 at the Kuala Lumpur Convention Centre from August 27–29 CHICAGO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Amlan International, the animal health business of Oil-Dri® Corporation of America and a global leader in natural feed additives, w ...
With GWM Brazil Plant Opening, Global Standards Meet Local Manufacturing
Globenewswire· 2025-08-25 19:30
São Paulo, Brazil, Aug. 25, 2025 (GLOBE NEWSWIRE) -- GWM officially inaugurated its Brazil Plant in Iracemápolis, São Paulo, marking its first full-process manufacturing hub in South America. With annual production capacity set to grow from 20,000 to 50,000 vehicles, the plant exemplifies GWM’s “high-quality globalization”strategy—delivering global standards while earning local trust.” Industry analysts describe the Brazil Plant as more than a factory, but a symbol of advanced technology, local adaptation, ...
Tevogen Sees Continued Growth in Institutional Ownership in Q2 2025; 72% of Holders Increased or Maintained Positions
Globenewswire· 2025-08-25 19:10
Core Viewpoint - Tevogen Bio Holdings Inc. has reported a significant increase in institutional ownership of its common stock, indicating growing confidence from long-term investors in the company's scientific and operational progress [2][3]. Institutional Ownership Update - As of June 30, 2025, institutional ownership of Tevogen common stock rose by 24% compared to March 31, 2025, following a 60% increase in the first quarter [2]. - The number of institutional holders increased from 51 to 55, with 72% of these holders either increasing or maintaining their positions [2]. Key Contributors - Major contributors to the second quarter growth in institutional ownership were Morgan Stanley and BlackRock, which collectively increased their holdings by 80% [2]. Management Commentary - The Head of Investor Relations at Tevogen stated that the increase in institutional ownership is a positive sign, reflecting the company's scientific advancements and operational milestones, such as positive clinical data and progress towards internal GMP cell manufacturing capabilities [3].
XPO Drivers Earn Top Honors at 2025 National Truck Driving Championships
Globenewswire· 2025-08-25 19:00
Core Insights - XPO drivers excelled at the 2025 National Truck Driving Championships, showcasing their skills and commitment to safety [1][2] - The competition featured 37 XPO drivers from 24 states, all of whom qualified by winning their state championships and maintaining accident-free records [2] Company Achievements - Jeff Langenhahn secured first place in the Tank Truck class, marking his 12th appearance at nationals with over two million consecutive accident-free miles [5] - Ernie Budlowski achieved second place in the Tank Truck class, also with over two million consecutive accident-free miles, and has participated in nationals 14 times [5] - Jeremy Steger placed second in the 4-Axle class, having been named Grand Champion at the 2025 Wisconsin State Truck Driving Championships [5] - Leroy Williams received the Neill Darmstadter Professional Excellence Award, recognizing his 35 years of service and 15 appearances at the NTDC [5] Company Overview - XPO, Inc. is a leader in asset-based less-than-truckload (LTL) freight transportation in North America, moving 17 billion pounds of freight annually [4] - The company serves 55,000 customers through 608 locations and employs 38,000 people across North America and Europe [4]
NxGen Brands, Inc. Corporate Updates
Globenewswire· 2025-08-25 18:59
Group 1 - NxGen Brands, Inc. is nearing the acquisition of a business in a growing industry sector that could significantly impact its future [1] - The new CEO, Marjorie Schaefer, brings a strong financial background and aims to transform NxGen Brands into a solid company with a global presence [3] - The company is focused on growth and profitability to enhance shareholder value and confidence [2] Group 2 - Marjorie Schaefer emphasizes her commitment to developing new markets and executing a business plan that benefits the company and its shareholders [3] - The company has established a new communication strategy, urging stakeholders to disregard past social media posts and news releases [3] - NxGen Brands will provide updates as it moves in a new direction, with a focus on transparency and shareholder engagement [3]
UPDATE – Climb Bio to Present at Upcoming September 2025 Investor Conferences
Globenewswire· 2025-08-25 18:41
Company Overview - Climb Bio, Inc. is a clinical-stage biotechnology company focused on developing therapeutics for immune-mediated diseases [4] - The company's pipeline includes budoprutug, an anti-CD19 monoclonal antibody, and CLYM116, an anti-APRIL monoclonal antibody currently in IND-enabling studies for IgA nephropathy [4] Upcoming Investor Conferences - Climb Bio's executive team will participate in several investor conferences in September 2025, including: - Cantor Global Healthcare Conference on September 5, 2025, at 10:55 a.m. ET in New York, NY [2] - Baird Global Healthcare Conference on September 9, 2025, at 4:20 p.m. ET in New York, NY [2] - Morgan Stanley Annual Global Healthcare Conference on September 10, 2025, with one-on-one meetings only [2] - Stifel Virtual Immunology and Inflammation Forum on September 16, 2025, at 10:30 a.m. ET, conducted virtually [3] Webcast Information - Live webcasts of the conferences will be accessible via the "Investors and News" section of the Climb Bio website, with replays available approximately two hours after each event and archived for at least 30 days [3]
Roche’s US subsidiary Genentech breaks ground on state-of-the-art manufacturing facility in North Carolina, USA
Globenewswire· 2025-08-25 18:30
Core Points - Genentech has commenced construction on its first manufacturing facility on the East Coast, located in Holly Springs, North Carolina, which will support the production of metabolic medicines, including obesity treatments [1][2] - The initial investment for this facility exceeds $700 million and is part of Roche's broader commitment of $50 billion towards US manufacturing infrastructure and R&D [2][8] - The facility is projected to create over 1,900 jobs and is strategically located in a growing biopharmaceutical hub with access to a skilled workforce and leading academic institutions [2][8] - The new site will be completed and operational by 2029, featuring modern biomanufacturing technologies and advanced automation [3] - Designed for high-volume and sustainable production, the facility will enhance Roche's manufacturing capacity and supply chain resilience, complementing existing sites globally [4][8] Company Overview - Roche, founded in 1896, is the world's largest biotechnology company and a leader in in-vitro diagnostics, focusing on developing innovative medicines and diagnostics [5] - Sustainability has been a core aspect of Roche's operations for over 125 years, with commitments to achieve net zero by 2045 [6]