Workflow
Global Campus Gen-Z Leaders Exchange Launched
GlobeNewswire· 2025-04-28 03:22
Core Viewpoint - The Global Campus Gen-Z Leaders Exchange program has been launched to foster international dialogue and collaboration among Generation Z leaders through various activities and initiatives [1][7]. Group 1: Program Components - The program includes two main components: the Z-Leaders Online Forum and the Z-Leaders Tour, engaging over 50 university media reporters and young representatives globally [3]. - The Z-Leaders Online Forum commenced on April 9th, featuring live discussions on global issues such as climate change, emerging industries, digital cultural dissemination, and AI applications [4]. - The Z-Leaders Tour will provide participants with opportunities to visit Chinese cities, enterprises, universities, research institutions, and cultural landmarks to experience China's development firsthand [6]. Group 2: Objectives and Initiatives - The initiative aims to create a global youth communication platform that is cross-language, multi-temporal, and multi-dimensional [3]. - Plans have been announced to establish a permanent Global Youth Alliance to connect students from prestigious universities worldwide, along with a Global Youth Cloud Initiative to tackle collective challenges [7].
F.R.I.D.A.Y Planned Maintenance System Receives ClassNK Approval, Advancing Maritime Digitalization
GlobeNewswire· 2025-04-28 03:00
Core Insights - iOThree Limited's F.R.I.D.A.Y Planned Maintenance System (PMS) has received class approval from ClassNK, enhancing compliance and operational efficiency for vessel management [1][2][3] - The F.R.I.D.A.Y PMS is a cloud-driven solution designed to digitize maintenance workflows, reduce operational friction, and improve fleet-wide efficiency [1][2] - The system features a carbon reporting module to help shipowners monitor emissions data, supporting compliance with environmental regulations [1] Company Overview - iOThree Limited is a leading provider of maritime digital technologies, focusing on optimizing vessel operations and enhancing safety [5] - The company aims to drive digital innovation in the maritime industry, empowering shipowners to adapt to market demands [5] Industry Context - ClassNK is a classification society that supports safety and environmental protection through third-party certification, committed to aiding the maritime industry's digitalization and decarbonization efforts [4]
NOVONIX Appoints Michael O’Kronley as Chief Executive Officer
GlobeNewswire· 2025-04-27 23:38
Core Viewpoint - NOVONIX Limited has appointed Michael O'Kronley as the new Chief Executive Officer, effective May 19, 2025, to lead the company in its next phase of growth in the battery materials and technology sector [1][3]. Group 1: Leadership Transition - Michael O'Kronley brings over 30 years of automotive experience, including 15 years in the lithium-ion battery and battery materials space, and previously served as CEO of Ascend Elements, where he increased the company's enterprise value by US$1.6 billion in five years [2]. - Admiral Robert J Natter, Chairman of NOVONIX, expressed confidence in O'Kronley's ability to lead the company and emphasized his extensive experience in manufacturing and scaling critical minerals production [3]. - O'Kronley succeeds Robert Long, who served as Interim CEO since January 2025 and will continue as Chief Financial Officer [3][4]. Group 2: Company Overview - NOVONIX is a leading battery technology company focused on revolutionizing the lithium-ion battery industry through innovative and sustainable technologies, high-performance materials, and efficient production methods [5]. - The company manufactures industry-leading battery cell testing equipment and is expanding its high-performance synthetic graphite material manufacturing operations, along with a patented all-dry, zero-waste cathode synthesis process [5]. - NOVONIX has established a prominent position in the electric vehicle and energy storage systems battery industry, contributing to a cleaner energy future through advanced R&D capabilities and strategic partnerships [5].
Perseus Mining Proceeds with Development of Nyanzaga Gold Project
GlobeNewswire· 2025-04-27 22:40
Core Viewpoint - Perseus Mining Limited has made a Final Investment Decision (FID) to develop the Nyanzaga Gold Project in Tanzania, following an updated feasibility study [1][2]. Investment Overview - The company plans to invest approximately US$523 million for the development and operation preparation of the mine, with first gold production expected in Q1 2027 [2]. - The funding will be sourced from interest-free intercompany loans, utilizing Perseus's existing cash and bullion balance of US$801 million as of March 31, 2025 [2]. Project Development - To date, Perseus has invested around US$27.5 million in building project team capacity and initiating early works, including site establishment and bulk earthworks [3]. - The updated feasibility study indicates a shift to a large-scale, wholly open-pit mining operation for the first phase, as opposed to a smaller combined open-pit and underground option previously considered [4]. Production and Financial Metrics - Total gold production over an 11-year Phase 1 mine life is estimated at 2.01 million ounces, with an average annual production of over 200,000 ounces from FY28 to FY35, peaking at 246,000 ounces in FY28 [6]. - The estimated average All-In Site Cost (AISC) is US$1,211 per ounce, with total capital costs for the plant and site infrastructure estimated at US$472 million, including contingencies [6]. - The project is projected to generate an undiscounted free cash flow of US$1,133 million pre-tax and US$706 million post-tax, with a Net Present Value (NPV10%) of US$404 million pre-tax and US$202 million post-tax [6]. Government Engagement - The FID follows constructive engagement with the Government of Tanzania to clarify terms of an existing Framework Agreement for the project's development and operation [7]. Future Exploration - A second phase of resource definition drilling is currently underway, aimed at converting Inferred Mineral Resources into Indicated Mineral Resources, potentially extending the mine's operational life beyond the projected 11 years [8].
Alkane and Mandalay Combine to Create Growing Gold and Antimony Producer
GlobeNewswire· 2025-04-27 21:55
Core Viewpoint - Alkane Resources Limited and Mandalay Resources Corporation have announced a "merger of equals" transaction, where Alkane will acquire all outstanding shares of Mandalay, creating a combined company that will operate under the name "Alkane Resources" and remain listed on the ASX while seeking a listing on the TSX [1][2]. Transaction Details - Mandalay shareholders will receive 7.875 ordinary shares of Alkane for each share of Mandalay held prior to the effective time of the transaction [2][12]. - The combined company will have an estimated market capitalization of A$1,013 million (C$898 million) [2][10]. - The transaction is subject to approval by shareholders of both companies and regulatory approvals, with an expected closing in Q3 2025 [13][16]. Strategic Rationale - The merger will create a diversified gold and antimony producer with three operating mines in premier mining jurisdictions [3][5]. - Projected gold equivalent production is approximately 160,000 ounces in 2025, increasing to over 180,000 ounces in 2026 [5][6]. - The combined company will have a robust pro forma balance sheet with A$188 million (C$167 million) in cash as of March 31, 2025, to support growth initiatives [5][6]. Management and Leadership - The executive team will be led by Nic Earner from Alkane, with key Mandalay executives joining to ensure operational continuity [2][11]. - The Board of Directors will include nominees from both companies, ensuring a balanced representation [6][21]. Benefits for Shareholders - Mandalay shareholders are expected to benefit from the production of the Tomingley gold mine and the growth potential of the Boda-Kaiser copper-gold project [15]. - Alkane shareholders will gain exposure to strategic antimony production from Costerfield and the strengthened balance sheet of the combined entity [15]. Market Metrics - The transaction implies a 2% premium to Mandalay's share price based on the exchange ratio, while a 20-day volume-weighted average price indicates a 6% discount [10]. - The merger is anticipated to enhance trading liquidity and increase the equity free-float, potentially leading to a valuation re-rate in line with ASX-listed peers [15].
Y-mAbs Presents Translational Pharmacokinetics of CD38-SADA from Pretargeted RIT Platform at 2025 American Association for Cancer Research (AACR) Annual Meeting
GlobeNewswire· 2025-04-27 19:00
Core Insights - Y-mAbs Therapeutics, Inc. presented preclinical and translational pharmacokinetics (PK) data of CD38-SADA at the 2025 AACR Annual Meeting, focusing on its potential for cancer treatment [1][2] Group 1: Presentation Details - The poster titled "Preclinical and translational pharmacokinetic (PK) modeling of the self-assembling and disassembling (SADA) bispecific fusion protein CD38-SADA for first-in-human (FIH) pretargeted radioimmunotherapy (PRIT)" was presented, detailing plasma concentrations of CD38-SADA in animal models [2][5] - The presentation took place on April 27, 2025, from 2:00 p.m. to 5:00 p.m. CT at Poster Section 25 [5] Group 2: Research Findings - The study characterized the concentration- and time-dependent equilibrium between CD38-SADA tetramers and monomers, with the model showing that low molecular weight CD38-SADA monomers cleared from plasma 20 times faster than the tetramers [3] - The preclinical PK model provided insights into the circulating levels of CD38-SADA protein in vivo, which informed the design and initial dosing regimen of the first-in-human Phase 1 Trial 1201 [4] Group 3: Company Overview - Y-mAbs is a commercial-stage biopharmaceutical company focused on developing novel radioimmunotherapy and antibody-based therapeutic products for cancer treatment [6] - The company's product pipeline includes DANYELZA®, the first FDA-approved treatment for relapsed or refractory high-risk neuroblastoma [6] Group 4: CD38-SADA PRIT Technology - CD38-SADA is a bispecific fusion protein that binds to CD38 and Lu-DOTA, facilitating a two-step pre-targeted radioimmunotherapy process [7][8] - The technology has shown robust anti-tumor efficacy in preclinical studies and is currently being investigated in adults with relapsed, progressive, or refractory non-Hodgkin lymphoma [8]
JETOUR Showcases Advanced Off-Road Technology at Auto Shanghai 2025 with Global Media Test Drive Event
GlobeNewswire· 2025-04-27 18:00
Core Insights - JETOUR hosted a test drive event for over 200 global media and influencers, showcasing its technological advancements in off-road capability, hybrid power, and intelligent innovation [1] - The event highlighted the T1, T2 i-DM, and a preview of the G700, demonstrating the brand's commitment to technical expertise and innovation [1] JETOUR T1 - The T1 is a lite off-road SUV featuring a 2.0T engine and an 8-speed automatic transmission, providing smooth performance in urban and highway conditions [2] - The XWD intelligent four-wheel drive system allows for instantaneous power redistribution, enhancing off-road capabilities and driver confidence [3][4] - The T1 offers seven driving modes, including Sport, Snow, and Sand, catering to various driving preferences [4] JETOUR T2 i-DM - The T2 i-DM combines rugged design with eco-friendly efficiency, featuring a fifth-generation 1.5TGDI hybrid engine with a thermal efficiency of 44.5% [5] - The vehicle's electric motor enables quiet starts, while the hybrid system provides robust torque for off-road performance [7] - Advanced features like hill descent control and electronic suspension enhance off-road capabilities and stability [8] G700 Preview - The G700, a premium all-terrain SUV, showcased its autonomous parking capabilities, utilizing 12 ultrasonic sensors and four 360° cameras for effortless navigation [9] - Anticipation for the G700's global debut in September in the UAE is high, with expectations for it to lead in the premium SUV segment [10] Global Expansion and Strategy - JETOUR is expanding its presence in the Middle East and plans to enter markets in Africa, South America, Asia-Pacific, and the CIS region [13] - The company's multi-technology strategy includes traditional fuel, hybrid, and intelligent systems, addressing diverse consumer needs [13][14] - JETOUR aims to redefine adventure travel, making it accessible and enjoyable for families worldwide [15]
Abpro and Celltrion Unveil Preclinical Data for ABP-102/CT-P72 at AACR 2025, Showcasing Potential Best-in-Class HER2 x CD3 T-Cell Engager
GlobeNewswire· 2025-04-27 18:00
Core Insights - Abpro Holdings, Inc. and Celltrion have presented preclinical data for ABP-102/CT-P72, a bispecific T-cell engager targeting HER2-overexpressing tumors, at the AACR Annual Meeting 2025, indicating its potential to outperform existing HER2-targeted therapies in efficacy and safety [1][2][3] Company Overview - Abpro is a biotechnology company focused on next-generation antibody therapies for severe diseases, utilizing its proprietary DiversImmune® platform [9] - Celltrion is a leading biopharmaceutical company based in South Korea, specializing in innovative therapeutics and has a global presence in over 110 countries [11] Product Development - ABP-102/CT-P72 is designed to selectively target HER2-overexpressing tumor cells while minimizing toxicity in normal tissues, representing a significant advancement in bispecific antibody therapies [2][6] - The product is co-developed with Celltrion and aims to address toxicity barriers that have previously limited HER2-targeted T-cell engagers [3][7] Preclinical Findings - Preclinical data suggest that ABP-102/CT-P72 achieves potent cytotoxicity in HER2-overexpressing cancer models while significantly reducing activity against HER2-low cells, addressing limitations of prior therapies [8] - In vivo studies indicate that ABP-102/CT-P72 can achieve up to a two-fold increase in tumor suppression compared to a benchmark HER2 x CD3 bispecific antibody [8] - The engineered design of ABP-102/CT-P72 minimizes cytokine-related toxicities and has shown improved tolerability in dose escalation studies, suggesting a broader therapeutic window [5][8] Clinical Development Plans - Clinical trials for ABP-102/CT-P72 are planned to commence in the first half of 2026, with the aim of bringing this promising therapy to patients with HER2-driven cancers [5][6]
Revolution Medicines Presents Initial Data from Zoldonrasib (RMC-9805) Study in Patients with KRAS G12D Mutant Non-Small Cell Lung Cancer at the 2025 AACR Annual Meeting
GlobeNewswire· 2025-04-27 16:05
Core Insights - Zoldonrasib, a RAS(ON) G12D-selective inhibitor, shows acceptable tolerability and promising initial antitumor activity in patients with KRAS G12D mutant non-small cell lung cancer (NSCLC) [1][2] Group 1: Clinical Data - New clinical data for zoldonrasib was presented at the American Association for Cancer Research (AACR) Annual Meeting, highlighting its potential as a treatment for NSCLC [1][2] - The Phase 1 study (RMC-9805-001) involved 90 solid tumor patients treated with 1200 mg once daily, demonstrating an acceptable safety profile consistent with previous data in pancreatic cancer [3] - The most common treatment-related adverse events (TRAEs) included nausea (39%), diarrhea (24%), vomiting (18%), and rash (12%), primarily Grade 1 or 2 in severity [3] Group 2: Efficacy Results - Preliminary antitumor activity was assessed in 18 efficacy-evaluable NSCLC patients, showing an objective response rate of 61% (11 patients) and a disease control rate of 89% (16 patients) [4] - The data indicates a high unmet need for new treatments in this patient population, as there are currently no approved targeted therapies for RAS G12D mutant cancers [5] Group 3: Company Overview - Revolution Medicines is focused on developing targeted therapies for RAS-addicted cancers, with a pipeline that includes multiple RAS(ON) inhibitors [6] - The company is advancing zoldonrasib as a monotherapy and in combination therapies, aiming to provide innovative treatment options for hard-to-treat cancers [2][6]
SpringWorks Therapeutics Announces Expected CHMP Opinion in Q2 2025 for Nirogacestat for the Treatment of Adults with Desmoid Tumors in the European Union
GlobeNewswire· 2025-04-27 14:35
Core Viewpoint - SpringWorks Therapeutics, Inc. anticipates a favorable opinion from the CHMP of the EMA regarding the marketing authorization application for nirogacestat in Q2 2025, aimed at treating adults with desmoid tumors [1] Company Overview - SpringWorks Therapeutics is a commercial-stage biopharmaceutical company focused on severe rare diseases and cancer, with FDA-approved products including OGSIVEO (nirogacestat) for desmoid tumors and GOMEKLI™ (mirdametinib) for neurofibromatosis type 1 associated plexiform neurofibromas [2]