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Validation study for EchoSolv HF completed at the Mayo Clinic – Study delivers exceptional results
Globenewswire· 2025-11-24 14:20
Core Viewpoint - Echo IQ Limited has successfully completed clinical validation for its heart failure clinical decision support software, EchoSolv HF, in collaboration with the Mayo Clinic Platform, marking a significant milestone towards FDA clearance [1][3][9]. Company Summary - Echo IQ Limited is an AI and medical technology company based in Sydney, Australia, focused on improving decision-making in cardiology through AI-driven technology and proprietary software [11]. - The company is preparing to submit for FDA clearance of EchoSolv HF via the 510(k) regulatory pathway, with submission expected in the coming weeks [4][9]. Clinical Validation Details - The clinical validation assessed EchoSolv HF's ability to detect heart failure using an independent dataset of approximately 17,000 echocardiogram studies, achieving a sensitivity of 99.5% and specificity of 91.0% [2][3][8]. - Completion of this validation fulfills the final clinical requirement before the formal FDA submission [3][8]. Market Opportunity - Heart failure is a leading cause of rehospitalization in the US, accounting for 17% of all healthcare expenditure, with a total market size estimated at US$60 billion [5][8]. - It is projected that one in four Americans will develop heart failure in their lifetime, indicating a significant market opportunity for EchoSolv HF [5][8]. Future Plans - Following potential FDA clearance, the company plans to leverage its existing presence in the US market to promote the uptake of EchoSolv HF [6][8]. - A webinar is scheduled for November 26, 2025, where the CEO will discuss the development and progress in the US market [7][9].
Korean distributor agreement with DK Healthcare in South Korea
Globenewswire· 2025-11-24 14:15
Core Insights - Polarean Imaging has signed an exclusive distribution agreement with DK Healthcare for its Xenon MRI platform in South Korea, marking its second international distribution partnership and enhancing its commercial presence in the Asia-Pacific region [1][2]. Company Overview - Polarean Imaging is a leader in functional MRI technology for lung imaging, focusing on the direct visualization of lung function and addressing the unmet medical needs of over 500 million patients with chronic respiratory diseases globally [5]. - The company has developed the first and only hyperpolarized Xenon MRI inhaled contrast agent, XENOVIEW™, which is FDA-approved in the United States [5]. Partnership Details - The partnership with DK Healthcare aims to facilitate the regulatory clearances necessary for the commercial launch of the Xenon MRI platform in South Korea, a market known for its advanced medical imaging capabilities [2][4]. - DK Healthcare, a prominent provider of diagnostic radiology systems in Korea, has a strong reputation for delivering innovative imaging solutions and support [3][6]. Market Potential - South Korea's focus on early detection and precision medicine positions it as an ideal growth market for Polarean's technology, which enhances lung function assessment and aims to improve outcomes for patients with conditions such as lung cancer and COPD [4].
Diana Shipping Inc. Announces Proposal to Acquire Remaining Shares of Genco Shipping & Trading Limited
Globenewswire· 2025-11-24 14:15
Core Viewpoint - Diana Shipping Inc. has proposed to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana for $20.60 per share in cash, representing a significant premium to historical trading prices [1][7]. Group 1: Acquisition Proposal - The proposed acquisition price of $20.60 per share represents a 15% premium to Genco's closing price on November 21, 2025, a 21% premium to the closing price on July 17, 2025, and a 23% premium to the volume-weighted average price over the last 30 and 90 days [7]. - Diana currently owns approximately 14.8% of Genco's outstanding shares, and the proposal aims to provide Genco shareholders with immediate cash value [1][2]. Group 2: Strategic Rationale - The CEO of Diana emphasized that the acquisition would enhance the scale and flexibility of the combined fleet, improving operational leverage in the dry bulk market at a favorable time in the cycle [2]. - The transaction is intended to be financed through a new acquisition facility, with plans to selectively divest assets post-transaction to optimize the fleet and balance sheet [2]. Group 3: Board Approval and Engagement - The proposal has received unanimous approval from Diana's Board of Directors, and the company is prepared to engage with Genco's Board and management to expedite the transaction [3]. - The proposal is a non-binding expression of interest, and there is no guarantee that an agreement will be reached [4].
Outlook Therapeutics to Present at the Piper Sandler 37th Annual Healthcare Conference
Globenewswire· 2025-11-24 14:05
Core Insights - Outlook Therapeutics, Inc. is participating in a fireside chat at the Piper Sandler 37th Annual Healthcare Conference on December 2, 2025 [1] - The company focuses on enhancing the standard of care for bevacizumab in treating retina diseases [3] Company Overview - Outlook Therapeutics is a biopharmaceutical company developing ONS-5010/LYTENAVA™ (bevacizumab-vikg) to improve the treatment of retina diseases [3] - LYTENAVA™ is the first ophthalmic formulation of bevacizumab to receive marketing authorization from the European Commission and MHRA for wet AMD [3] - The commercial launch of LYTENAVA™ has commenced in Germany and the UK for wet AMD treatment [3] Investigational Status - In the United States, ONS-5010/LYTENAVA™ is currently investigational [4] - If approved, it would be the first ophthalmic formulation of bevacizumab for retinal indications, including wet AMD [4]
Datavault AI Turns Raw Earth into Digital Power in $7 Million Deal with MTB Mining Ltd.
Globenewswire· 2025-11-24 14:05
Core Insights - Datavault AI has entered a $7 million minting deal and a 30% perpetual royalty partnership with MTB Mining Limited, marking a significant advancement in the digitization of mineral resources [1][3] - The partnership aims to transform rare earth minerals into verified, traceable, digitized assets for trading on the upcoming International Elements Exchange [1][7] - This collaboration represents a blueprint for the evolution of physical assets into digital assets, enhancing transparency and compliance in the marketplace [2][6] Company Overview - Datavault AI specializes in data monetization, credentialing, digital engagement, and real-world asset digitization technologies [1][8] - The company utilizes its patented Sumerian® technology to create immutable digital signatures for assets, ensuring verification and traceability [4][6] - Datavault AI's mission is to build infrastructure for a data-driven economy, focusing on verification and trusted information [6][8] Industry Impact - The partnership with MTB Mining Limited allows for the digital representation of over 25 million metric tons of copper reserves and other valuable minerals, facilitating their entry into the global market [3][5] - Digitally verifiable asset records are expected to modernize Tanzania's economy, enabling lending, collateralization, and cross-border trade [5][6] - The International Elements Exchange will function as a virtual refinery, converting physical assets into digital evidence for trading and monetization [7]
Grayscale Investments Launches Grayscale XRP Trust ETF (Ticker: GXRP) on NYSE Arca
Globenewswire· 2025-11-24 14:00
Core Insights - Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP), which is now trading on NYSE Arca, marking a significant development in the accessibility of the XRP ecosystem [1][3]. Company Overview - Grayscale is recognized as the world's largest digital asset-focused investment platform, managing approximately $35 billion in assets as of September 30, 2025 [5][6]. - The company aims to simplify digital asset investing and has a history of pioneering investment vehicles for Bitcoin and Ethereum [5]. Product Details - GXRP is an exchange-traded product that is not registered under the Investment Company Act of 1940, meaning it does not have the same regulatory protections as traditional ETFs [2]. - The product is designed to provide efficient tracking and exposure to XRP, which is the native digital asset of the XRP Ledger [3][4]. - GXRP was initially launched as a private placement in September 2024 [4]. XRP Ledger and Its Role - The XRP Ledger has processed over 4 billion transactions since its inception in 2012 and is built for fast cross-border payments and modern digital finance applications [1][3]. - XRP serves multiple functions, including paying transaction fees and facilitating liquidity, making it essential for secure and efficient payment activities on the XRPL [4].
Philips launches next-generation web-based diagnostic viewer for fast, secure imaging data access anywhere
Globenewswire· 2025-11-24 14:00
Core Viewpoint - Royal Philips has launched Philips Image Management 15, a next-generation web diagnostic viewer that enhances radiologists' ability to access and interpret medical images through a standard web browser, improving workflow efficiency and reducing IT complexity [1][8]. Product Features - The new viewer offers full radiology capabilities, including high-performance server-side rendering, workflow automation, and advanced clinical tools, all accessible securely via a web browser without local installation [2][4]. - It interfaces with AI tools to consolidate patient information, facilitating faster and more informed diagnoses, and integrates with an interactive reporting module to streamline the reporting process [5][6]. User Experience - Early testers, such as the Chief Radiologist at AZ West Hospital, reported significant improvements in loading times and usability, allowing radiologists to focus on image interpretation [3][6]. Deployment and Scalability - The viewer is designed for cloud deployment via Philips HealthSuite, powered by Amazon Web Services (AWS), while also offering an on-premises option for flexibility, ensuring a smooth transition to cloud services [7][9]. - It is available as a Software as a Service (SaaS) solution, providing built-in security and scalability across multiple sites, currently available in the USA with plans for expansion in 2026 [9]. Industry Context - The healthcare sector faces pressure to enhance efficiency, and the new web diagnostic viewer represents a significant advancement towards cloud-enabled, AI-integrated diagnostic imaging, supporting radiologists in maintaining productivity [8].
GreetEat Corp (OTC: GEAT) Integrates 8x8’s Video Technology to Elevate the Future of Virtual Dining
Globenewswire· 2025-11-24 14:00
Core Insights - GreetEat Corp has announced a strategic technology integration with 8x8, Inc. to enhance its virtual dining infrastructure through video-conferencing capabilities [1][9] About the Integration - GreetEat will utilize 8x8 Jitsi as a Service (JaaS) for hosting video meetings, providing a branded, secure, and scalable experience for various dining events [2][3] Key Features Enabled via 8x8 JaaS - Features include secure end-to-end encryption, HD video conferencing for up to 500 participants, group and private chat, remote control capabilities, connection quality controls, cloud recording, brand customization, AI-powered insights, virtual backgrounds, calendar integrations, YouTube integration, and multi-language support [6][7] Strategic Benefits to GreetEat Corp and Its Investors - The partnership allows GreetEat to scale its user base globally without the need to build its own video infrastructure, enhances user experience, and provides cost efficiency through a monthly active user pricing model [7][8][11] Why 8x8 (EGHT) Is a Strong Strategic Partner - 8x8 offers a unified communications platform with a global cloud-native architecture, ensuring high availability and security, which aligns with GreetEat's needs for a reliable video infrastructure [4][7] Company Overview - GreetEat Corporation is a technology-driven platform that combines video conferencing with meal delivery to create shared dining experiences, also owning WallStreetStats.io, a fintech app leveraging AI for market analysis [9]
Capricor Therapeutics Presents New Data Demonstrating a Scalable Framework for Loading Therapeutic Oligonucleotides into Exosomes at AAEV 2025
Globenewswire· 2025-11-24 14:00
Core Insights - Capricor Therapeutics has announced new data on a scalable framework for loading therapeutic siRNAs and PMOs into exosomes, which is crucial for future clinical development [1][2][4] Group 1: Exosome Technology - The poster presented at the AAEV 2025 highlighted Capricor's proprietary exosome-based technology, showcasing strategies for scale-up and scale-out electroporation to achieve larger yields of engineered exosomes [2][4] - Key findings indicate that engineered exosomes derived from 293F cells can be successfully loaded with therapeutic siRNA and PMO using optimized electroporation conditions, with comparable loading efficiencies to standard methods [7] Group 2: Clinical Development - Establishing a scalable and reproducible loading process is essential for advancing Capricor's exosome pipeline for therapeutic development [4] - The framework developed provides a feasible pathway for producing clinically relevant quantities of loaded exosomes to support future clinical development [7] Group 3: Company Overview - Capricor Therapeutics is focused on advancing cell and exosome-based therapeutics, with its lead product candidate, Deramiocel, in late-stage clinical development for Duchenne muscular dystrophy (DMD) [5][9] - The company is leveraging its proprietary StealthX™ platform for preclinical development aimed at targeted delivery of therapeutics, with potential applications across a wide range of diseases [5]
Schouw & Co. share buy-back programme, week 47 2025
Globenewswire· 2025-11-24 14:00
Core Points - Schouw & Co. initiated a share buy-back programme on 5 May 2025, with a total budget of DKK 120 million for the period from 5 May to 31 December 2025 [1] - The buy-back programme complies with EU regulations on market abuse and follows the "Safe Harbour" rules [1] Summary by Relevant Sections Share Buy-Back Programme - The programme aims to acquire shares worth up to DKK 120 million [1] - The buy-back period is set from 5 May to 31 December 2025 [1] Trading Activity - As of 14 November 2025, Schouw & Co. accumulated 182,100 shares at an average price of DKK 598.21, totaling DKK 108,934,418 [2] - From 17 November to 21 November 2025, the company bought an additional 7,100 shares at an average price of DKK 578.62, amounting to DKK 4,108,177 [2] - By 21 November 2025, the total number of shares acquired reached 189,200, with an average price of DKK 597.48, totaling DKK 113,042,595 [2] Treasury Shares - Following the buy-back transactions, Schouw & Co. holds a total of 2,231,193 treasury shares, representing 8.92% of the total share capital of 25,000,000 shares [2]