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Year: 2020

Novartis provides update on CAN-COVID trial in hospitalized patients with COVID-19 pneumonia and cytokine release syndrome (CRS)

The Phase III trial investigating canakinumab plus standard of care (SoC) did not meet its primary endpoint of a greater chance of patient survival without the need for invasive mechanical ventilation, or its key secondary endpoint of reduced COVID-19 mortality, compared with SoC1Ilaris® (canakinumab) remains an effective treatment option for its approved indications, with a well-characterized safety profile 2,3. The safety profile of canakinumab plus SoC in CAN-COVID was comparable to placebo plus SoC1Interim Day 29 results will be submitted for peer-reviewed publication to further support the scientific understanding of COVID-19 infection and potential treatmentsNovartis further strengthened its pandemic response efforts by collaborating with Molecular Partners to develop two DARPin®therapies for potential use against COVID-194. In...

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Li Auto Inc. Announces Voluntary Recall

BEIJING, China, Nov. 06, 2020 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced a voluntary recall on some of its Li ONEs.Effective on November 7, 2020, the Company will start to replace, free of charge, the control arm ball joint of the front suspension on 10,469 Li ONEs produced on or before June 1, 2020, in accordance with the requirements by the PRC State Administration for Market Regulation (“SAMR”). Li ONEs produced after June 1, 2020 are already equipped with an upgraded version of the control arm ball joint of the front suspension. The Company’s replacement plan as part of this voluntary recall, while strictly adhering to the SAMR requirements, is the same as the vehicle upgrade plan that the Company proactively initiated and announced...

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Hexagon Composites ASA: Results for the third quarter 2020

In the third quarter of 2020, Hexagon Group generated NOK 770 (770) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 65 (49) million. Hexagon Ragasco results remained robust and Agility experienced a record strong quarter as it recovered from the sharp impacts of the global pandemic in the previous quarter. Hexagon Mobile Pipeline, however, remained impacted by the pandemic and resulting macro factors, as well as lower North American onshore oil and gas activity.Key developmentsAgility Fuel Solutions received an order for USD 8.0 million (approx. NOK 72 million) to expand Anheuser-Busch’s CNG fleetA key Northeast Asian automotive leader for Fuel Cell Vehicles (FCEVs) nominated Hexagon Purus for the serial supply of composite cylinders for their current zero-emission Fuel Cell Electric SUV....

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Royal Vopak: Interim Update Q3 2020

Royal Vopak: Interim Update Q3 2020Highlights for YTD Q3 2020 -excluding exceptional items-:EBITDA of EUR 603 million (YTD Q3 2019: EUR 625 million pre-divestments). Excluding EBITDA from divested terminals (EUR 54 million), EBITDA grew by EUR 32 million (6%), reflecting positive business performance and negative currency translation effects. Negative currency translation effects were EUR 11 million.Occupancy rate for subsidiaries of 88% (YTD Q3 2019: 84%) reflects strong storage demand from oil markets whereas storage demand in other market segments remained robust. Planned inspection and maintenance out-of-service capacity at subsidiaries, mainly at terminals in Rotterdam and Singapore, was 1.1 million cbm in Q3 2020 and decreased compared to Q2 2020.Proportional occupancy rate of 90% (YTD Q3 2019: 84%) reflected an improvement of oil...

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SeaBird Exploration Plc: third quarter 2020 report

6 November 2020, Limassol, CyprusSeaBird Exploration Plc is pleased to announce its third quarter 2020 report.Headlines Q3 2020Revenues of $3.0 million, down from $ 16.0 million in Q3 2019EBITDA negative $0.6 million, up from negative $1.6 million in Q3 2019Positive OCF for the quarter and YTDUtilization of 28%, down from 68% in Q3 2019SG&A down more than 50% compared to Q3 2019Gunnar Jansen appointed CEOMarket outlook negatively impacted by COVID-19 and oil price collapse. Key priorities are to safeguard our people and financial positionTendering activity improved in OctoberA 2D award in the Eastern Hemisphere was awarded after the end of the quarterAn announcement regarding a new business area geared towards the green transition is expected before year endThe company will host a webcast at 08:00 CET today. Please use the following...

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Hexagon Purus awarded purchase order by Hino Trucks – supporting Project Z – the company’s development path to zero emissions vehicles (ZEV)

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a purchase order by Hino Trucks, a Toyota Group company, for three trucks as part of their development plan for Project Z. A development partner in Hino’s “Project Z” Battery Electric Vehicle (BEV) program (see Toyota/Hino joint press release on October 2, 2020 for more detail), Hexagon Purus will provide battery packs and powertrain integration on multiple Hino platforms with serial production planned in the next few years.Driving Energy Transformation“Project Z represents our holistic approach to advancing Hino’s environmental leadership position. Technology leaders like our partner, Hexagon Purus, make it possible for us to deliver a sustainable, low cost product line-up that will meet the needs of our customers as our industry moves forward to zero emission vehicles,”...

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Martela Corporation’s Interim Report 1 January – 30 September 2020

The January–September 2020 revenue decreased and operating result improved compared to previous year.July–September 2020Revenue was EUR 24.2 million (25.9), representing a change of -6.9 %Operating result was EUR 1.0 million (1.0)Operating profit per revenue was 4.3 % (4.0 %)The result for the period was EUR 0.7 million (0.9)Earnings per share amounted to EUR 0.16 (0.22)January–September 2020Revenue was EUR 66.5 million (76.3), representing a change of 13.0 %Operating result was EUR -1.8 million (-2.6)Operating profit per revenue was -2.7 % (-3.4 %)The result for the period improved and was EUR -2.7 million (-3.0)Earnings per share amounted to EUR -0.65 (-0.73)OutlookOutlook for 2020Martela Group anticipates that its 2020 revenue will decrease clearly, and operating result will decrease compared to the previous year.Key figures, EUR millionArtti...

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