Addex Therapeutics Reports Q1 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-06-19 05:00
Core Viewpoint - Addex Therapeutics reported a strong start to 2025 with significant progress in product development and business milestones, particularly in their GABAB PAM drug candidate for chronic cough and regained rights to their Phase 2 mGlu2 PAM asset, ADX71149 [2][5]. Financial Summary - Income for Q1 2025 was CHF 71,000, a decrease of CHF 164,000 from CHF 235,000 in Q1 2024 [4]. - R&D expenses decreased to CHF 156,000 from CHF 245,000, a reduction of CHF 89,000 [4][8]. - G&A expenses decreased to CHF 521,000 from CHF 778,000, a reduction of CHF 257,000 [4][8]. - Total operating loss improved to CHF 606,000 from CHF 788,000, an improvement of CHF 182,000 [4]. - Net loss from continuing operations was CHF 1,473,000, compared to CHF 735,000 in Q1 2024, an increase of CHF 738,000 [4]. - Net loss for the period decreased to CHF 1,473,000 from CHF 3,087,000, a reduction of CHF 1,614,000 [4][9]. - Basic and diluted net loss per share was CHF 0.01, down from CHF 0.03 in the same period last year [4][10]. - Cash and cash equivalents increased to CHF 2.8 million from CHF 1.6 million, an increase of CHF 1.2 million [4][11]. - Shareholders' equity improved significantly to CHF 8.3 million from a negative CHF 1.4 million [4]. Operational Highlights - The GABAB PAM chronic cough candidate demonstrated robust anti-tussive activity in multiple disease models [5][6]. - The company regained rights to its Phase 2 mGlu2 PAM asset, ADX71149 [5][6]. - Indivior successfully advanced their GABAB PAM program for substance use disorders through IND enabling studies [5][6]. - An option agreement was entered with Sinntaxis for exclusive licensing of intellectual property related to mGlu5 NAM in brain injury recovery [5][6].
Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation
Globenewswire· 2025-06-19 05:00
Group 1 - Bombardier has commenced deliveries of three Challenger 3500 aircraft to Aloula Aviation, marking the first registration of this aircraft in Saudi Arabia [2][4] - The Challenger 3500 is recognized for its spacious cabin, outstanding range, and reliability, making it a suitable addition to Aloula Aviation's fleet [2][3] - The business jet market in the Middle East is experiencing significant growth, particularly for super midsize aircraft, with the Challenger 3500 positioned as a market leader [3] Group 2 - The Challenger 3500 offers industry-leading reliability and performance, capable of non-stop flights from Saudi Arabia to major destinations like Paris, Geneva, and New Delhi [3][4] - Aloula Aviation's CEO emphasized the aircraft's innovation, comfort, and performance, aligning with their commitment to providing an exceptional travel experience [3] - Bombardier's commitment to excellence is reflected in its support for Aloula Aviation and the broader aviation market in Saudi Arabia as part of the Vision 2030 initiative [3]
Amundi Third-Party Distribution Investor Workshop: a powerful growth engine
Globenewswire· 2025-06-19 04:59
Core Insights - Amundi is hosting a workshop focused on its Third-Party distribution platform, highlighting its growth and strategic importance [2][4] - The Third-Party distribution business has been the fastest-growing segment for Amundi, with assets under management more than doubling since 2020 to €401 billion by the end of 2024 [3][4] - The platform now accounts for 18% of Amundi's total assets and 57% of its retail assets, with net inflows of €74 billion from 2021 to 2024 and an additional €8 billion in Q1 2025 [4] Company Overview - Amundi is Europe's leading asset manager, managing €2.25 trillion in assets and serving 100 million clients globally [6][7] - The company offers a comprehensive range of investment solutions, including active and passive management, model portfolios, and technological tools [6][7] - Amundi's commitment to responsible investment and its extensive research capabilities position it as a key player in the asset management industry [8] Market Trends - The growth of Amundi's Third-Party distribution is supported by increasing global financial wealth, projected to grow by 6% annually to reach $367 trillion by 2028 [6] - The expansion of the private pensions market in Europe and Asia is expected to support an aging population, further driving demand for investment solutions [6] - The digital wealth segment continues to grow, with a concentration of relationships favoring large asset managers that offer a wide range of products and services [6]
KOORUI Launches G2741L Gaming Monitor Featuring Groundbreaking Dual-Mode Display Technology
Globenewswire· 2025-06-19 04:43
Core Insights - KOORUI has launched the G2741L, a 27-inch gaming monitor featuring Dual Mode Display, allowing users to switch between high-refresh-rate mode for gaming and standard mode for work [1][5] - The G2741L supports FHD 320Hz and UHD 160Hz, catering to both competitive gaming and high-resolution creative tasks [3] - The monitor utilizes a Fast IPS panel with 95% DCI-P3 coverage and supports 1.07 billion colors, enhancing visual detail for various applications [4] Product Features - The G2741L offers seamless connectivity with HDMI 2.0, DisplayPort 1.4, and Audio Out ports, ensuring compatibility with PCs, laptops, and next-gen consoles like PS5 [5] - The monitor's 27-inch size is designed for immersive gameplay and desktop efficiency, appealing to gamers, professionals, and home users [4] - KOORUI emphasizes the flexibility of the G2741L, allowing users to adapt their setup for different needs, whether for gaming or media editing [5] Company Overview - KOORUI is a global technology brand focused on high-performance monitors, known for innovation and accessible pricing [6] - The brand is particularly popular among young, tech-savvy users and is backed by HKC's panel technology [6] - KOORUI aims to empower gamers, creators, and professionals with reliable and high-performance monitor solutions [6]
Xuyi Crayfish Festival: Crafting City's Signature on Global Table
Globenewswire· 2025-06-19 04:32
HUAI'AN, China, June 19, 2025 (GLOBE NEWSWIRE) -- In Jiangsu, China, the city of Xuyi is globally renowned as the "Crayfish Capital," celebrated not only for its vibrant cultural and tourism offerings but also for its iconic crayfish. On June 12, the 25th Xuyi Crayfish Festival, hosted by the Xuyi Crayfish Association, commenced with exuberant festivities. A Media Snippet accompanying this announcement is available in this link. Festivities unfolded along a 3.2-kilometer parade route from Crayfish Square ...
Life360: This Is What A Best-In-Class Consumer Subscription Looks Like
Seeking Alpha· 2025-06-19 04:31
It’s 11:37 PM, late on a Friday night. You pick up your phone and open your messages app to make sure that you sent the text that you typed up. Yes, it was sent. While looking at the message, you also notice that the message hasAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for i ...
SalMar - Ex. dividend NOK 22 today
Globenewswire· 2025-06-19 04:30
The shares in SalMar ASA will be quoted ex-dividend of NOK 22.00 per share as from today, 19 June 2025. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. ...
Complexity stops investors opening SMSFs: moomoo launches one-stop service for them
Globenewswire· 2025-06-19 04:16
Michael McCarthy Moomoo Australia and New Zealand chief executive officer Michael McCarthy Moomoo Australia and New Zealand chief executive officer Michael McCarthy. SYDNEY, June 19, 2025 (GLOBE NEWSWIRE) -- Investors want to open self-managed super funds, to invest in cryptocurrency, and make use of artificial intelligence, found investment platform moomoo Australia and New Zealand in its recent survey of share investors. But a key finding was that the complexity and cost of opening a SMSF is stopping ...
Golar LNG: Long-Term Contracts And Industry Tailwinds
Seeking Alpha· 2025-06-19 04:13
This marks our first coverage of an infrastructure-focused energy player, presenting what we view as a distinctive and attractive opportunity. We initially identified this company while analyzing the recent cooperation announcement between YPF and Eni —a group we’ve beenBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter ...
LG Energy Solution and Toyota Tsusho Establish a Battery Recycling Joint Venture in the U.S.
Prnewswire· 2025-06-19 04:01
Core Viewpoint - The establishment of Green Metals Battery Innovations, LLC, a joint venture between LG Energy Solution and Toyota Tsusho Corporation, aims to enhance battery recycling efforts and promote a circular economy in the battery supply chain [1][5][9]. Company Overview - LG Energy Solution is a leading global manufacturer of lithium-ion batteries, with over 69,600 patents and a commitment to achieving carbon neutrality by 2050 [7]. Joint Venture Details - The joint venture will construct a pre-processing plant in Winston-Salem, North Carolina, to extract black mass from battery production scrap [1][9]. - The facility is expected to commence operations in 2026, with a processing capacity of 13,500 tons of scrap annually, equivalent to over 40,000 automotive batteries [3][9]. Recycling Process - The pre-processing plant will dismantle and shred battery production scrap to extract valuable raw metals such as nickel, cobalt, and lithium [2][4]. - The extracted black mass will undergo a post-processing stage to recover raw materials for new battery production, aiming to establish a closed-loop system [4][9]. Environmental Impact - The collaboration seeks to drive down carbon emissions through circular economy initiatives, enhancing the recycling infrastructure in North America [5][6].