Day: June 24, 2020

— Once-weekly formulation of setmelanotide achieved weight loss efficacy comparable to daily-dosing formulation –— Both weekly and daily formulations of setmelanotide were observed to be safe and well-tolerated –— Pharmacokinetics analysis showed weekly formulation of setmelanotide trough drug concentration similar to daily formulation –BOSTON, June 24, 2020 (GLOBE NEWSWIRE) — Rhythm Pharmaceuticals, Inc. (Nasdaq:RYTM), a late-stage biopharmaceutical company aimed at developing and commercializing therapies for the treatment of rare genetic disorders of obesity, today announced interim data from a Phase 2 study evaluating a once-weekly formulation of setmelanotide, the Company’s investigational melanocortin-4 receptor (MC4R) agonist. Healthy obese people treated with the weekly formulation of setmelanotide achieved...

LOS ANGELES, June 24, 2020 (GLOBE NEWSWIRE) — via NetworkWire – Cannabis Strategic Ventures (OTCQB:NUGS) (“NUGS” or the “Company”), an emerging leader in the U.S. cannabis marketplace, is pleased to report continued robust growth in total volume of cannabis sales and revenues from cannabis sales during the month of June, which is now on pace to set a new Company record for cannabis sales performance.This strong performance was aided by a single day (June 4) during which the Company booked $400,000 in sales – its largest ever single day of sales. Management notes that the Company booked a record $929K in sales in May (7% more than its April sales total, which was also a monthly sales record, itself). The Company had already amassed nearly $900K in June sales with 30% of the month remaining.Simon Yu, CEO of Cannabis Strategic Ventures,...

MONTRÉAL, June 24, 2020 (GLOBE NEWSWIRE) — IBEX Technologies Inc. (“IBEX” or the “Company”) (TSX Venture: IBT) today reported its financial results for the nine months ended April 30, 2020.“We were pleased to see near record sales in the current quarter as compared to an exceptionally poor quarter year ago. Some of this gain, however, may have been the result of customers advancing orders to secure their supply chain, which may have a negative impact on subsequent quarters”, said Mr. Baehr IBEX President & CEO. “With year-to-date sales up 20% over year ago our financial picture has improved considerably during this fiscal year. Thus far we have not been negatively impacted by the COVID-19 environment”.Note: All figures are in Canadian dollars unless otherwise stated. The Company’s audited consolidated financial statements for...

GAINESVILLE, Fla., and CAMBRIDGE, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Applied Genetic Technologies Corporation (Nasdaq: AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare diseases, today announced that the Company will be added to the Russell 3000® and 2000® Indexes, effective after the U.S. market opens on June 29, 2020, according to a preliminary list of additions posted on June 5.“We believe our addition to the Russell 3000 and 2000 Indexes validates the significant progress we have made in advancing our ongoing clinical programs in X-linked retinitis pigmentosa and achromatopsia,” said Sue Washer, President and CEO of AGTC. “In 2020, we already announced positive data and completed enrollment in our XLRP trial, reported encouraging...

PHOENIX, Ariz., June 24, 2020 (GLOBE NEWSWIRE) — Tombstone Exploration Corporation (OTCQB: TMBXF), a fully reporting U.S. based mining company, is pleased to announce in combination with Goldrock Resources Inc. and the Bonanza Mining Company that the construction phase is moving smoothly and on track for the complete build out of the heap leach pad and pond at the Bonanza Harquahala Gold Mine in La Paz County, Arizona.The Bonanza Mine property includes the Harquahala and Golden Eagle mines, located approximately eight miles south of Salome, Arizona. The project totals 2,656 acres and has significant underground workings. Once leaching has started, bi-weekly delivery of the carbon to a designated gold processing facility is expected. Based on past metallurgical testing, production is budgeted at 23,000 ounces of gold or more for...

CAMBRIDGE, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Fulcrum Therapeutics, Inc. (Nasdaq: FULC), a clinical-stage biopharmaceutical company focused on improving the lives of patients with genetically defined rare diseases, today announced that it received early notification from the U.S. Food and Drug Administration (FDA) that the company may proceed with initiating a Phase 3, randomized, double-blind, placebo-controlled trial of losmapimod in higher risk hospitalized adults with COVID-19. Losmapimod is an orally available selective p38α/β mitogen activated protein kinase (MAPK) inhibitor.The LOSVID trial is a Phase 3, international, multicenter trial designed to assess the safety and efficacy of a 15 mg twice per day oral dose of losmapimod compared to placebo for 14 days on top of standard of care in approximately 400 patients hospitalized...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Sprott Inc. (“Sprott” or the “Company”) (TSX: SII) announced today that its common shares have been approved for listing on the New York Stock Exchange (“NYSE”). The Company expects its common shares will commence trading on the NYSE as of market open on June 29, 2020 under the ticker symbol “SII”.Peter Grosskopf, Chief Executive Officer of Sprott, commented, “Listing on the NYSE is a significant milestone for Sprott and a natural next step in the evolution of the company. We are pleased to offer our shareholders the ability to trade in U.S. dollars and the expected increase in liquidity. With the current surge in global interest in precious metals investments, we believe this is an excellent time for the NYSE listing and look forward to introducing Sprott to a new and larger investor base.”Additional...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) announces that its 76.29%-owned subsidiary, Adumbi Mining SARL (“Adumbi Mining”), has entered into a joint venture agreement (the “New Barrick JV“) with Barrick Gold (DRC) Limited for two exploitation permits held by Adumbi Mining (the “JV Permits”) covering ground contiguous to the Company’s Imva area within the Ngayu gold belt in the northeast of the Democratic Republic of the Congo (“DRC”). The purpose of the New Barrick JV is to conduct exploration on the JV Permit properties to evaluate possible development and mining of such properties.The Ngayu gold belt lies approximately 220 kilometres from the Kibali gold mine, operated by Barrick (TSX: “ABX”;...