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Inside information, negative profit warning - Oma Savings Bank Plc lowers its earnings guidance for 2025
Globenewswire· 2025-06-15 18:55
Core Viewpoint - Oma Savings Bank Plc has lowered its earnings guidance for 2025 due to high cost levels, increased credit loss provisions, and slower-than-expected growth in fee and commission income [1][3][6] Financial Outlook - The estimated comparable profit before taxes for 2025 is projected to be between EUR 50-65 million, a decrease from EUR 86.7 million in 2024 [1][3][6] - The company's earnings guidance reflects the current market conditions and business situation, with management's insights influencing the forecasts [3][5] Cost Factors - High costs are attributed to investments in risk management, quality processes, IT improvements, and increased headcount [1][2][4] - The decline in market interest rates is also impacting the business outlook for 2025 [2][4] Business Strategy - OmaSp continues to invest in enhancing customer experience across various channels [2][4] - The bank focuses on retail banking operations and offers a wide range of banking services, including credit, investment, and loan insurance products [8] Operational Insights - OmaSp operates 48 branch offices and provides services to over 200,000 customers, emphasizing personal service and accessibility [8][9] - The company aims to develop operations and services in a customer-oriented manner, with a committed workforce that includes employee shareholders [9]
Announcement regarding the governance of Renault Group
Globenewswire· 2025-06-15 18:26
Core Points - Luca de Meo has announced his decision to step down as CEO of Renault Group after five years, effective July 15, 2025, to pursue new challenges outside the automotive sector [1][2] - The Board of Directors expressed gratitude for de Meo's leadership, highlighting the turnaround and transformation of Renault Group during his tenure [2][4] - The management team is expected to continue and accelerate the transformation strategy of Renault Group in the upcoming phase [3] Company Performance - Under Luca de Meo's leadership, Renault Group has returned to a healthy foundation, boasting an impressive range of products and resuming growth [4] - The company achieved its best results in history during de Meo's tenure, indicating significant progress and success [5] Future Outlook - Renault Group is committed to an ambitious transformation focused on developing new technologies and services, as well as a new range of competitive, balanced, and electrified vehicles [7] - The Group aims to achieve carbon neutrality in Europe by 2040, aligning with environmental challenges [7] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [6]
CGTN: From father to son: The enduring values guiding Xi Jinping
Globenewswire· 2025-06-15 16:29
Core Viewpoint - The article emphasizes the profound influence of Xi Jinping's father, Xi Zhongxun, on Xi Jinping's governance philosophy, particularly his commitment to serving the people and the importance of research and investigation in decision-making [1][2][3]. Group 1: Influence of Xi Zhongxun - Xi Jinping describes his father as a leader who devoted himself to the Chinese people, pledging to continue this mission [3]. - Xi Zhongxun's approachable leadership style is highlighted, with local people often seeking his help, demonstrating trust and support [4]. - The phrase "Sit upright at the side of the people," recited by Xi Jinping, reflects his father's teachings on governance [2]. Group 2: People-Oriented Governance - Xi Jinping has consistently prioritized the needs of the people throughout his political career, engaging with them in various regions of China [5][6]. - He emphasizes the importance of ensuring a happy life for the people, as reiterated in his 2025 New Year message [6]. Group 3: Emphasis on Research and Investigation - Xi Jinping's governance is characterized by a strong emphasis on investigation and research, a principle inherited from his father [7][10]. - Xi Zhongxun's proactive approach in Guangdong Province, including visiting 23 counties for grassroots research, laid the groundwork for significant economic reforms [9]. - Since taking office, Xi Jinping has conducted over 100 grassroots inspections to understand and address the concerns of the people [10][11].
Press Release: EAACI: Dupixent demonstrated superiority over Xolair (omalizumab) in chronic rhinosinusitis with nasal polyps in patients with coexisting asthma in first-ever presented phase 4 head-to-head respiratory study
Globenewswire· 2025-06-15 15:22
Core Insights - Dupixent (dupilumab) demonstrated superiority over Xolair (omalizumab) in treating chronic rhinosinusitis with nasal polyps (CRSwNP) in patients with coexisting asthma, as shown in the EVEREST phase 4 study [1][4][6] Group 1: Study Overview - The EVEREST study involved 360 adults with severe, uncontrolled CRSwNP and coexisting asthma, randomized to receive either Dupixent 300 mg every two weeks or omalizumab based on weight and IgE levels [2][6] - The study assessed various primary and secondary endpoints over a 24-week period, with results presented at the EAACI Annual Congress [1][6] Group 2: Efficacy Results - Dupixent showed a 1.60-point superior reduction in nasal polyp size (p<0.0001) and an 8.0-point superior improvement in the ability to identify different smells (p<0.0001) compared to omalizumab [5] - Other significant improvements included a 0.58-point reduction in nasal congestion (p<0.0001), a 1.74-point reduction in symptom severity (p<0.0001), and a 12.7-point difference in health-related quality of life (p<0.0001) [5] Group 3: Safety Profile - The safety profile of Dupixent was consistent with its known profile, with adverse events reported in 64% of Dupixent patients and 67% of omalizumab patients [3][4] - Serious adverse events occurred in 2% of Dupixent patients compared to 4% for omalizumab, indicating a generally similar safety profile [3][4] Group 4: Mechanism of Action - Dupixent targets interleukin-4 (IL-4) and interleukin-13 (IL-13), key drivers of type 2 inflammation, reinforcing its efficacy in treating both upper and lower respiratory diseases [4][8] Group 5: Regulatory Status - Dupixent has received regulatory approvals in over 60 countries for various indications, including CRSwNP, asthma, and other allergic conditions, with more than one million patients treated globally [9][10]
Dupixent® (dupilumab) Demonstrated Superiority Over Xolair® (Omalizumab) in Chronic Rhinosinusitis with Nasal Polyps (CRSwNP) in Patients with Coexisting Asthma in First-ever Presented Phase 4 Head-to-Head Respiratory Trial
Globenewswire· 2025-06-15 15:21
Core Insights - Dupixent demonstrated superior efficacy compared to Xolair in treating chronic rhinosinusitis with nasal polyps (CRSwNP) and asthma, achieving significant improvements in various endpoints as early as 4 weeks [1][2][3] Group 1: Trial Overview - The EVEREST Phase 4 trial involved 360 adults with severe, uncontrolled CRSwNP and coexisting asthma, comparing Dupixent (300 mg every two weeks) to Xolair (dosing based on weight and IgE levels) [2][5] - Both treatments were administered alongside mometasone furoate nasal spray [2][5] Group 2: Efficacy Results - Dupixent achieved a 1.60-point superior reduction in nasal polyp size (p<0.0001) and an 8.0-point superior improvement in smell identification (p<0.0001) [4] - Other notable results included a 0.58-point reduction in nasal congestion (p<0.0001), a 1.74-point reduction in symptom severity (p<0.0001), and a 12.7-point improvement in health-related quality of life (p<0.0001) [4] Group 3: Safety Profile - The safety profile of Dupixent was consistent with its known profile, with adverse event rates of 64% for Dupixent and 67% for Xolair [3] - Serious adverse events were reported in 2% of Dupixent patients compared to 4% for Xolair, and discontinuation due to adverse events occurred in 3% of Dupixent patients versus 1% for Xolair [3] Group 4: Mechanism of Action - Dupixent targets IL-4 and IL-13 pathways, which are key drivers of type 2 inflammation, providing significant clinical benefits in respiratory diseases [1][7] Group 5: Market Context - Dupixent has received regulatory approvals in over 60 countries for various indications, with more than 1,000,000 patients currently treated globally [8][9]
Intellia Therapeutics Announces Positive Three-Year Data from Phase 1 Trial of Lonvoguran Ziclumeran (lonvo-z) in Patients with Hereditary Angioedema (HAE) at the European Academy of Allergy and Clinical Immunology Congress
Globenewswire· 2025-06-15 14:45
Core Insights - Intellia Therapeutics announced promising three-year follow-up data from the Phase 1 portion of its ongoing Phase 1/2 study for lonvoguran ziclumeran (lonvo-z) in patients with hereditary angioedema (HAE) [1][2] - All 10 patients in the Phase 1 study were attack-free and treatment-free for a median of nearly two years, demonstrating the potential of lonvo-z as a one-time therapy [2][6] - The global Phase 3 HAELO trial has completed screening ahead of schedule, with over half of the patients screened in the United States [4][6] Clinical Results - A single dose of lonvo-z led to a mean reduction in monthly HAE attack rate of 98% compared to pre-treatment baseline [2][6] - Patients showed deep, dose-dependent, and durable reductions in plasma kallikrein protein levels throughout the study [2][6] - The treatment was well tolerated, with the most frequent adverse events being infusion-related reactions, which were mostly Grade 1 and resolved without complications [3][6] Development Plans - The ongoing Phase 3 HAELO trial is randomized, double-blind, and placebo-controlled, assessing the safety and efficacy of lonvo-z at the 50 mg dosage [4][5] - Intellia plans to submit a biologics license application (BLA) in 2026, aiming for a U.S. launch in 2027 [4][8] - New data from the Phase 2 portion of the ongoing Phase 1/2 study is expected to be presented in the second half of 2025 [4][10] About Lonvo-z - Lonvo-z is based on CRISPR/Cas9 technology and aims to prevent HAE attacks by inactivating the kallikrein B1 (KLKB1) gene [8] - The therapy has received multiple regulatory designations, including Orphan Drug and RMAT Designation from the FDA [8][9] - Intellia is focused on leveraging gene editing technology to develop novel therapies that address unmet medical needs [9]
Scatec signs PPA for 900MW onshore wind project in Egypt
Globenewswire· 2025-06-15 14:03
Oslo/Cairo, 15 June 2025: Scatec ASA, a leading renewable energy solutions provider, has signed a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 900 MW wind project, through its dedicated project company “Shadwan Wind Power SAE” to accelerate Egypt’s transition towards a greener and more sustainable energy mix. “This project is a testament to Scatec’s position as one of the leading renewables companies in Egypt. We are now advancing fo ...
Scatec reaches financial close for the 1.1GW solar + 100MW/200MWh BESS Obelisk project
Globenewswire· 2025-06-15 14:03
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the “Obelisk” hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1 million provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII). The financing amount corresponds to approximately 80% of total estimated capex of USD 590 million. “Reaching financial close for this project marks a major mileston ...
Translational Data Illustrate a Mechanism of Greater Potency with Verekitug, a Novel Antibody Antagonist of the TSLP Receptor
Globenewswire· 2025-06-15 11:45
– Pharmacology modeling data presented at the European Academy of Allergy & Clinical Immunology (EAACI) Congress describe mechanistic insights for greater potency with verekitug compared to tezepelumab – – Supports potentially differentiated profile of verekitug across a broad range of inflammatory diseases, including severe asthma, chronic obstructive pulmonary disease (COPD) and chronic rhinosinusitis with nasal polyps (CRSwNP) – WALTHAM, Mass., June 15, 2025 (GLOBE NEWSWIRE) -- Upstream Bio, Inc. (Nasdaq ...
Genmab Announces Epcoritamab Investigational Combination Therapy Demonstrates High Response Rates in Patients with Relapsed or Refractory (R/R) Diffuse Large B-Cell Lymphoma (DLBCL) Eligible for Autologous Stem Cell Transplantation (ASCT)
Globenewswire· 2025-06-15 09:00
Core Insights - Genmab A/S announced promising results from the Phase 1b/2 EPCORE NHL-2 trial, demonstrating the efficacy of epcoritamab in combination with R-ICE for patients with relapsed/refractory diffuse large B-cell lymphoma (R/R DLBCL) [2][4][5] Trial Results - The overall response rate (ORR) was reported at 87 percent, with a complete response (CR) rate of 65 percent and a partial response (PR) rate of 23 percent [2][6] - At six months, 81 percent of responses were ongoing, 74 percent of patients were progression-free, and 100 percent of patients were alive [2][6] - Among patients who progressed within 12 months after first-line treatment, the ORR was 85 percent and the CR rate was 55 percent [4] - For patients who progressed after 12 months from first-line therapy, the ORR was 91 percent and the CR rate was 82 percent [4] Safety Profile - The safety profile indicated low-grade cytokine release syndrome (CRS) with no treatment discontinuations due to treatment-emergent adverse events (TEAEs) [3][5] - The most common TEAEs included neutropenia (74 percent), anemia (68 percent), and thrombocytopenia (68 percent) [3] - Serious infections were reported in 16 percent of patients, with no Grade 5 TEAEs observed [3] Industry Context - DLBCL accounts for approximately 25-30 percent of all non-Hodgkin's lymphoma cases globally, with around 25,000 new cases diagnosed annually in the U.S. [6][7] - The investigational treatment with epcoritamab aims to address significant unmet needs in the management of R/R DLBCL and other hematologic malignancies [5][12] Future Development - Genmab is collaborating with AbbVie to further develop epcoritamab as a core therapy for B-cell lymphomas, with ongoing trials evaluating its use in various treatment lines [5][12] - The EPCORE NHL-2 trial is part of a broader clinical program aimed at advancing epcoritamab both as monotherapy and in combination therapies [8][12]