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Month: March 2020

Zai Lab Announces Acceptance of sNDA Submission of ZEJULA® (Niraparib) for First-Line Maintenance Treatment of Ovarian Cancer in China by the NMPA

SHANGHAI, China and SAN FRANCISCO, March 16, 2020 (GLOBE NEWSWIRE) — Zai Lab Limited (NASDAQ: ZLAB), a China and U.S.-based innovative commercial stage biopharmaceutical company, today announced the China National Medical Products Administration (NMPA) has accepted its supplemental New Drug Application (sNDA) for ZEJULA® (niraparib) as a maintenance treatment of adult patients with advanced epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in a complete or partial response to first-line platinum-based chemotherapy.“We believe ZEJULA is a potential best-in-class PARP inhibitor due to its compelling efficacy, once-daily dosing and superior pharmacokinetic properties including its ability to cross the blood brain barrier,” said Dr. Samantha Du, Founder and Chief Executive Officer of Zai Lab. “The NMPA’s acceptance...

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Pyxis Tankers Announces Date for the Release of the Fourth Quarter and the Year Ended December, 2019 Results and Related Conference Call & Webcast

MAROUSSI, GREECE – March 16, 2020 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a  growth-oriented pure play product tanker company, today announced the following:Date of Earnings Release. We will issue our unaudited results for the fourth quarter and year ended December 31, 2019 before the market opens in New York on Friday, March 20, 2020. We will host a conference call on the same day Friday, March 20 to discuss the  results at 8.30 a.m. Eastern Time.Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (877) 553-9962 (US Toll Free Dial In), 0(808) 238-0669 (UK Toll Free Dial In) or +44 (0) 2071 928592 (Standard International Dial In). Please quote “Pyxis Tankers.”A telephonic replay of the conference call will be available until Friday, March 27,...

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Neuronetics® Hits Major Milestones with More Than 2.5 Million Treatments and 1,000 Installations of Its NeuroStar® Advanced Therapy System

MALVERN, Pa., March 16, 2020 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced it has delivered over 2.5 million treatments with its NeuroStar® Advanced Therapy transcranial magnetic stimulation (TMS) system, in addition to recently exceeding 1,000 device installations in the United States. These important milestones further demonstrate NeuroStar as a much-needed, non-drug treatment option for adults with Major Depressive Disorder (MDD) that is helping to tackle the country’s critical depression issue.Depression impacts more than 13.3 million adults in the U.S., but many do not seek treatment1,2,3 — resulting in a need for accessible,...

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PEACHTREE SPECIAL RISK BROKERS, LLC ANNOUNCES THE ASSET ACQUISITION OF RLA INSURANCE INTERMEDIARIES, LLC

DAYTONA BEACH, Fla., March 16, 2020 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Jeffrey “Jeff” L. Hays, Daniel “Dan” O’Connell, Chris D. Skaletsky, the members of RLA Insurance Intermediaries, LLC, today announced that Peachtree Special Risk Brokers, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of RLA Insurance Intermediaries.RLA Insurance Intermediaries was founded in 2010 by Jeff Hays and Chris Skaletsky as a wholesale insurance broker serving retail insurance agents.  Leveraging their strong technical skills, market knowledge, and personal relationships, the firm specializes in offering professional lines, property and casualty, and healthcare coverages to meet the needs of businesses throughout the United States.  Following...

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Organising the annual general meeting of shareholders and participation therein

The management board of Tallinna Kaubamaja Grupp AS (registry code 10223439, address Kaubamaja 1, 10143 Tallinn) has called the annual general meeting of shareholders on 20 March 2020 at 1 p.m. in the conference centre of Nordic Hotel Forum at Viru väljak 3, Tallinn. Considering that the Estonian government announced an emergency situation on 12 March 2020 due to the pandemic spread of the coronavirus around the world and its likely exponential spread in Estonia, Tallinna Kaubamaja Grupp AS has the following information and recommendations for shareholders:The annual general meeting is not a public meeting or event as described in the Emergency Act, the organising of which is prohibited during the emergency period. Therefore, the annual general meeting of shareholders of Tallinna Kaubamaja Grupp AS will take place at the time and location...

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Aktsionäride korralise üldkoosoleku toimumine ja sellel osalemine

Tallinna Kaubamaja Grupp AS (registrikood 10223439, asukoht Kaubamaja 1, 10143 Tallinn) juhatus on kutsunud kokku aktsionäride korralise üldkoosoleku 20. märtsil 2020. aastal algusega kell 13:00 Tallinnas, aadressil Viru väljak 3 asuvas Nordic Hotel Forum konverentsikeskuses. Võttes arvesse, et Vabariigi Valitsus kuulutas 12. märtsil 2020 seoses koroonaviiruse pandeemilise levikuga maailmas ja viiruse tõenäolise Eesti-sisese leviku laienemisega riigis välja eriolukorra, on Tallinna Kaubamaja Grupp AS-il aktsionäridele järgnevad teadaanded ja soovitused:Korraline üldkoosolek ei ole avalik koosolek ega avalik üritus hädaolukorra seaduse mõistes, mille korraldamine on eriolukorra kehtimise ajal keelatud. Seega Tallinna Kaubamaja Grupp AS aktsionäride korraline üldkoosolek toimub üldkoosoleku kokkukutsumise teates avaldatud ajal ja kohas.Vastutustundliku...

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LILIS ENERGY RECEIVES EXTENSION ON THIRD BORROWING BASE DEFICIENCY PAYMENT

FORT WORTH, Texas, March 16, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to extend the due date for the third installment payment of $1.5 million on the previously announced borrowing base deficiency under its revolving credit agreement from March 16, 2020 to March 30, 2020.As previously reported, the first two borrowing base deficiency installment payments under the amended revolving credit agreement aggregating $17.25 million were funded on February 28, 2020. The due date for the fourth, and final, $6.25 million installment payment remains April 14, 2020.The Company is continuing to consider transactions to fund the...

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NEWAGE REPORTS 386% FULL YEAR 2019 REVENUE GROWTH

Strong Balance sheet with over $250 million in assets and cash of $61 millionBusiness transformation resulted in developing an infrastructure across 60 countries and a near 5-fold increase in full year revenueDENVER, March 16, 2020 (GLOBE NEWSWIRE) — NewAge Beverages Corporation (Nasdaq: NBEV), the Colorado-based healthy products company dedicated to inspiring and educating the planet to “live healthy”, today announced financial results for the year ended December 31, 2019 with revenue growth of 386%.Highlights for Full Year 2019 Compared to Full Year 2018:Net revenue increased 386% to $253.7 million versus prior year of $52.2 millionGross margins increased to 60.2% compared to 17.8% in the prior yearNet loss was $89.8 million, driven primarily by a non-cash impairment chargeAdjusted EBITDA* loss improved by $1.7 million to $13.4...

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SPI Energy Announces Sale of Sun Roof I Solar Project in Italy

HONG KONG and SANTA CLARA, Calif., March 16, 2020 (GLOBE NEWSWIRE) — SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ: SPI), a global provider of green energy solutions for business, residential, government, utility customers, and investors, today announced the closing of the sale of its Sun Roof I assets, a 479 kWp rooftop solar project located in Aprilia, Italy, that has been in operation since 2012. Proceeds from the sale were approximately EUR 1.1 million before transaction fees, strengthening the Company’s balance sheet and providing additional capital for the development of solar assets in the US. Mr. Xiaofeng Peng, Chief Executive Officer of SPI Energy, commented, “We are excited about the successful sale of Sun Roof I, which followed the sale of Sun Roof II and Sun Roof V to the same...

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Armada Hoffler Properties Agrees to Sell Seven Retail Assets for $106.5 Million

VIRGINIA BEACH, Va., March 16, 2020 (GLOBE NEWSWIRE) — As part of Armada Hoffler Properties’ (AHH: NYSE) previously announced asset recycling program, Armada Hoffler Properties announced today that it has entered into a definitive agreement with an institutional buyer to sell a portfolio of seven retail assets comprising over 630,000 square feet for $106.5 million. Management intends to use approximately $45 million of the proceeds from the sale to pay down debt and the remaining proceeds to consummate previously identified asset acquisitions.“Despite recent volatility in the capital markets, institutional demand for stabilized retail assets remains strong,” said Louis Haddad, President & CEO of Armada Hoffler Properties. “We look forward to completing the disposition of these seven neighborhood shopping centers, many of which...

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