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NewGen to Exercise Option to Convert Ras Al Khaimah Joint Venture into Joint Development, Projected to Boost Profits from US$67 Million to US$123 Million
Globenewswire· 2025-12-12 13:30
Core Viewpoint - NewGenIVF Group Limited is transitioning its Ras Al Khaimah development project from a Joint Venture to a Joint Development structure, aiming to enhance profitability and shareholder returns through increased profit entitlement and strategic control [1][2][8] Group 1: Strategic Conversion - The conversion to a Joint Development structure allows NewGenProperty Limited to fully finance the project and entitles it to 64% of net profits, potentially increasing projected pre-tax profit from US$67 million to US$123 million [2][4][7] - The legal endorsement from Ravenscroft & Schmierer confirms NewGen's right to exercise the conversion option, ensuring the transaction's legality and enforceability [5] Group 2: Fundraising and Financial Flexibility - To support the new structure and its financial commitments, NewGen plans to raise additional funds, which will enhance its financial flexibility and accelerate project activities [3][8] - The presale phase of the project is expected to begin soon, unlocking significant proceeds to finance ongoing development and reduce reliance on external funding [6] Group 3: Project Timeline and Profitability - The project completion is targeted for 2028, with the revised structure projected to generate an 83% increase in pre-tax profit compared to the original joint venture model [7] - The strategic move is expected to amplify shareholder value by aligning profit entitlements with the project's growth trajectory in a rapidly appreciating real estate market [8]
Why CSX Shares Are Trading Higher By Over 4%; Here Are 20 Stocks Moving Premarket - American Battery Tech (NASDAQ:ABAT), Achieve Life Sciences (NASDAQ:ACHV)
Benzinga· 2025-10-17 09:55
Group 1: CSX Corp Performance - CSX Corp reported third-quarter revenue of $3.59 billion, exceeding analyst estimates of $3.58 billion [1] - The company achieved adjusted earnings of 44 cents per share, surpassing analyst expectations of 43 cents per share [1] - Following the earnings report, CSX shares increased by 4.2% to $37.51 in pre-market trading [1] Group 2: Other Stocks in Pre-Market Trading - Artiva Biotherapeutics Inc gained 98.6% to $5.50 after receiving FDA Fast Track Designation for AlloNK [4] - Safe & Green Holdings Corp surged 38.8% to $4.27 after completing Phase 1 of its intelligent wellsite monitoring system [4] - Kezar Life Sciences Inc rose 36% to $5.67 following a regulatory update on its Zetomipzomib program [4] - INVO Fertility Inc tumbled 34.6% to $0.92 after a significant rise of over 85% the previous day [4] - American Battery Technology Co shares dipped 19.8% to $4.55 after a 37% decline on Thursday due to the termination of a grant by the Department of Energy [4]
Trump Strikes Deal With German Merck on Tariffs and IVF Costs
MINT· 2025-10-16 20:35
Group 1 - President Trump announced a deal with Merck KGaA to reduce the price of certain fertility medicines in exchange for relief from threatened tariffs, aiming to make IVF more affordable and accessible in the US [1] - The administration will provide guidance allowing employers to offer fertility benefits as excepted benefits, enabling fixed-cost add-on coverage for patients and employers [2] - An executive order was previously issued to produce policy recommendations for lowering the cost of fertility treatments, which can exceed $15,000 per procedure, although the report was not delivered [3] Group 2 - Fertility issues were a significant topic during Trump's campaign, with him referring to himself as the "father of IVF," but this stance has faced challenges from his conservative base following a ruling by the Alabama Supreme Court regarding frozen embryos [4] - Analysts suggest that endorsing IVF from the White House could positively influence awareness and adoption of IVF, despite the lack of direct financial incentives for employers [5] - Trump has been actively working to lower healthcare prices, having previously struck deals with Pfizer and AstraZeneca to maintain US prices equivalent to those abroad while also reducing prices for Medicaid [6]
Trump Announces Deal With Germany's Merck on IVF Costs
Bloomberg Television· 2025-10-16 20:32
For most administrations and all of the people involved in this kind of thing, this action would be a crowning achievement of their agenda for fertility health. But for us, it's really just the beginning. It's just the start.It's one of many things we're doing today. We're also taking historic steps to vastly expand access to insurance coverage for fertility care, including IVF. something that as you know was not covered effective immediately for the first time ever.We will make it legal for companies to of ...
Trump Announces Deal With Germany's Merck on IVF Costs
Youtube· 2025-10-16 20:32
Core Points - The administration is initiating significant changes to improve access to fertility care, including insurance coverage for IVF, marking a historic step in fertility health [1][4] - Companies will now be allowed to offer supplemental insurance plans specifically for fertility, enabling Americans to opt into specialized coverage similar to vision and dental insurance [2] - The initiatives aim to make fertility care more affordable and accessible, potentially reducing the need for IVF by addressing issues early, leading to healthier pregnancies and more children [4][5] Summary by Sections - **Insurance Coverage Expansion** - The administration is expanding insurance coverage for fertility care, including IVF, for the first time [1] - Companies can now offer supplemental insurance plans for fertility, allowing for specialized coverage options [2] - **Impact on Fertility Care** - The new measures are expected to make fertility care more affordable and accessible, reducing the reliance on IVF by enabling early problem identification [4] - The initiatives are described as the most significant actions taken by any president to enhance fertility health in the U.S. [5]
原能生物:聚焦深低温存储技术研发 打造覆盖样本管理全流程生态体系
Zhong Zheng Wang· 2025-08-31 04:56
Core Insights - Yuaneng Bio is recognized as a national-level "specialized, refined, and innovative small giant" enterprise and a high-tech company, focusing on the research and breakthroughs in deep low-temperature storage technology [1][2] - The company has applied for over 600 domestic and international patents, with more than 500 granted, including PCT patents in the US, EU, and Japan, and holds over 70 software copyrights [1] - Yuaneng Bio has developed a comprehensive ecosystem for sample management, offering an integrated solution that spans from freezing to transportation and revival [2] Group 1 - The company has successfully overcome the automation challenges of accessing samples at -196℃ ultra-low temperatures, with its P90 series fully automated storage system receiving multiple awards for its performance and innovation [1] - Yuaneng Bio's automated equipment has been successfully implemented in various projects, including those with the China CDC, Zhejiang CDC, and Suzhou CDC [2] - The company aims to create a seamless technology loop with its product line, which includes -196℃ fully automated storage systems, programmable cooling instruments, sample revival instruments, liquid nitrogen transport tanks, AGV robots, and smart library management platforms [2] Group 2 - In 2025, the company's overseas brand Orcella Instruments will launch the Orcella duo 1100S fully automated ultra-low temperature storage system, which is expected to win the "Outstanding New Product Award" from the International Society for Biological and Environmental Repositories (ISBER) [2] - Yuaneng Bio has been selected for the "Belt and Road" medical device export service platform published by the China (Shanghai) Free Trade Pilot Zone [2] - The company has developed a product matrix covering all temperature ranges and scenarios, including BSN, P, AM, IVF, PBM, and BSE series products [2]
'Father of IVF?…More like a deadbeat dad': Psaki on Trump’s failure to deliver IVF promises
MSNBC· 2025-08-10 16:31
This time last year, Trump was facing mounting fallout from the strict abortion bans popping up all across the country. So, he came up with a shiny new campaign promise. He vowed to make the notoriously expensive fertilization treatment, IVF, completely free.Here he is pitching it to voters. Under the Trump administration, your government will pay for or your insurance company will be mandated to pay for all costs associated with IVF treatment, fertilization for women. He even gave himself a new creepy nick ...
Podcast host Andrew Schulz rips at Trump for 'flip-flopped' campaign promise on IVF
MSNBC· 2025-08-08 23:47
Political Stance & Campaign Promises - Donald Trump is facing criticism for allegedly backtracking on a campaign promise related to IVF coverage [1][2] - Andrew Schultz criticizes Trump for allegedly breaking his word regarding IVF coverage [1] - Trump previously stated his administration would protect access to IVF and potentially have the government or insurance companies cover the costs [4] IVF & Financial Assistance - IVF services are described as expensive, costing tens of thousands of dollars, and do not guarantee a viable pregnancy [4] - Baby Quest grants are mentioned as a resource for financial assistance with fertility treatments [2] Trump's Previous Statements - Trump has previously expressed pride in IVF, even jokingly referring to himself as the "fertilization president" [3]
原能生物董事长瞿建国:推动深低温存储领域迈向产业化新台阶
Core Viewpoint - Yuaneng Bio has officially launched its Series B financing and is actively preparing for its listing on the Sci-Tech Innovation Board, focusing on the automation of low-temperature storage technology in the biopharmaceutical sector [1][6]. Group 1: Company Overview - Yuaneng Bio has been dedicated to the research and development of advanced automated low-temperature storage equipment for nearly eight years, with an investment of approximately 800 million yuan [3][6]. - The company has applied for over 600 domestic and international patents, with more than 500 granted [1][3]. - The company aims to transform low-temperature storage technology from laboratory applications to industrialization, driven by policy, capital, and entrepreneurial efforts [1][6]. Group 2: Product Development - Yuaneng Bio has developed a series of automated deep low-temperature biological sample storage devices, achieving a breakthrough from 0 to 1 in research and development [3][6]. - The company has introduced a "honeycomb" storage structure that physically isolates each sample to avoid cross-contamination [3][6]. - The product matrix includes various series such as BSN, P, AM, IVF, PBM, and BSE, successfully implemented in multiple projects across health and research institutions [3][4]. Group 3: Market Strategy - The company is currently in the small-batch manufacturing phase, focusing on standardizing and modularizing its products to reduce production costs for future mass manufacturing [4][6]. - Yuaneng Bio is expanding its market presence domestically while also enhancing collaboration with global partners to attract overseas customers [4][6]. - The company has received recognition for its Orcella duo 1100S automated deep low-temperature storage system, winning the "Outstanding New Product Award" at an international event [4]. Group 4: Future Outlook - The company plans to accelerate the application of its technology in various sectors, including hospitals, disease control centers, and biopharmaceutical companies [6]. - There is a significant focus on the future potential of cell storage, with aspirations for it to become a common practice for families [6]. - Yuaneng Bio is set to complete a new smart manufacturing base in Shanghai in 2024, with a total area of nearly 10,000 square meters [6].
X @The Economist
The Economist· 2025-07-17 18:50
IVF is failing most women. But new research holds out hope for the future https://t.co/WZXfseaxe5 ...