Month: January 2021

Sandy Spring Bancorp Reports Record Quarterly Earnings of $56.7 Million

Written by Customer Service on January 21, 2021. Posted in Earnings Releases And Operating Results.

Fourth Quarter Earnings Increase 27% over Prior Quarter and Drive Annual Net Income to $97.0 MillionOLNEY, Md., Jan. 21, 2021 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported record net income of $56.7 million ($1.19 per diluted common share) for the fourth quarter of 2020. The current quarter’s result compares to net income of $28.5 million ($0.80 per diluted common share) for the fourth quarter of 2019 and net income of $44.6 million ($0.94 per diluted common share) for the third quarter of 2020.Operating earnings for the current quarter, which exclude the impact of the provision for credit losses, the effects from the Paycheck Protection Program (“PPP” or “PPP program”) and merger and acquisition expense, each on an after-tax basis, were $48.2 million ($1.02...

Preeclampsia Diagnostics Market Worth USD 2.52 Billion at 11.0% CAGR; Increasing Healthcare Expenditure to Boost Growth: Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global preeclampsia diagnostics market size is anticipated to gain momentum from the increasing number of pregnancies owing to the complete lockdown amid the COVID-19 pandemic. The report further states that this market size was USD 1.06 billion in 2019 and is projected to reach USD 2.52 billion by 2027, thereby exhibiting a CAGR of 11.0% during the forecast period. In 2019, North America generated USD 401.9 million in terms of preeclampsia screening market revenue. This growth is attributable to the significant healthcare expenditure and the rising usage of technologically advanced preeclampsia diagnostics kits in this region.KEY INDUSTRY DEVELOPMENTS:February 2019: Diabetomics announced the launch of Lumella, a rapid point-of-care test for Preeclampsia in Hydrabad.February 2016:...

US Biosimilars Market to Rise at a Staggering 46.2% CAGR and Hit USD 22,996 Million till 2027; Breakthrough Concepts in Treatment of Severe Diseases will Bode Well for Market Growth, says Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) — The US Biosimilars Market size is projected to reach USD 22,966 million by the end of 2027. The presence of several large scale companies that are engaged in the research and development of efficient biosimilars will have a huge impact on the growth of the overall market in the foreseeable future. According to a report published by Fortune Business Insights, the market was worth USD 737.2 million in 2019 and will exhibit a CAGR of 46.2% during the forecast period, 2020-2027.A biosimilar is a biological product that is similar to the reference biologic or a particular set where there are no clinical differences. Contrary to generics, the costs associated with biosimilars are significantly lower; a primary reason why there several studies that are revolving around the product. The increasing...

Martin Marietta Announces Fourth-Quarter and Full-Year 2020 Earnings Conference Call

Written by Customer Service on January 21, 2021. Posted in Public Companies.

RALEIGH, N.C., Jan. 21, 2021 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) today announced that it will provide an online Web simulcast of its fourth-quarter and full-year 2020 earnings conference call on Tuesday, February 9, 2021. The Company will release results for the quarter and year ended December 31, 2020, that morning before the market opens.A live audio webcast of Martin Marietta’s call will begin at 11:00 a.m. Eastern Time on February 9, 2021. An on-demand replay will be available approximately two hours following the conclusion of the live broadcast and will continue for one year. A link to both the live and replay events is available on the Company’s website.For those investors without online web access, the conference call may also be accessed by calling (970) 315-0423,...

Orphan Drugs Market to Reach USD 340.84 Billion by 2027; Increasing Number of Regulatory Approvals will Contribute to Market Growth, says Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global orphan drugs market size is projected to reach USD 340.84 billion by the end of 2027. Increasing number of regulatory approvals will have a positive impact on the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 151.00 billion in 2019 and will exhibit a CAGR of 10.5% during the forecast period, 2020-2027.Orphan drugs are medicinal products that are intended at the treatment of severe and life—threatening conditions including cancer. They are normally associated with the treatment of very rare diseases (affecting 1 in every 2000 people). The difficulty associated with the treatment of critical diseases has yielded massive investments in research and development.The presence of numerous large scale...

Repauno Port & Rail Terminal Announces Hank Alexander as Chief Executive Officer, Successfully Loads First Marine Vessel

Written by Customer Service on January 21, 2021. Posted in Public Companies.

GIBBSTOWN, N.J., Jan. 21, 2021 (GLOBE NEWSWIRE) — Repauno Port & Rail Terminal, located along the Delaware River in Gibbstown, New Jersey, announced today that Harry J. (Hank) Alexander has been named Chief Executive Officer. In addition, the facility has successfully received and loaded its first Liquified Petroleum Gas marine vessel, utilizing a new state of the art rail-to-ship loading system. Repauno Port & Rail Terminal is a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI).Mr. Alexander brings more than 25 years of industry experience to the position, having most recently served as Senior Vice President of Commercial Operations for Energy Transfer, and previously with Sunoco Logistics Partners. While at Energy Transfer, Mr. Alexander was responsible for commercial, strategic growth...

Chronic Wound Care Market to Reach USD 16.36 Billion by 2027; Presence of Several Large Scale Healthcare Companies will Bode well for Market Growth, says Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global chronic wound care market size is projected to reach USD 16.36 billion by the end of 2027. The increasing investment in the technological integration will open up a huge potential for the growth of the overall market. According to a report published by Fortune Business Insights, the market was worth USD 10.12 billion in 2019 and will exhibit a CAGR of 6.2% during the forecast period, 2020-2027. As of 2019, the market in North America was worth 3.87 billion and this value is projected to increase at a considerable pace in the coming years.Chronic wounds are diseases that haven’t been successfully treated during the process of treatment of repair. The costs associated with chronic wounds are much higher than normal disease treatment. According to data published by the US National...

LSI Industries Reports Fiscal Second Quarter 2021 Results and Declares Quarterly Cash Dividend

Written by Customer Service on January 21, 2021. Posted in Earnings Releases And Operating Results.

CINCINNATI, Jan. 21, 2021 (GLOBE NEWSWIRE) — LSI Industries Inc. (NASDAQ: LYTS, or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced results for the second quarter fiscal 2021.Second Quarter 2021 HighlightsNet Income of $2.2 million, 27% above prior yearAdjusted Net Income of $2.5 million, 47% above prior yearEPS of $0.08 versus $0.07 prior yearEBITDA of $4.7 million; Adjusted EBITDA of $5.1 million Free cash flow of $5.3 million, no long-term debtContinued investments in commercial initiativesLSI delivered improved year-over-year growth in profitability during the fiscal second quarter, supported by a higher margin sales mix across both its Graphics and Lighting segments that more than offset adverse market conditions related to the COVID-19 pandemic.The Company...

Global Dialysis Market Size Worth USD 177.56 Billion at 7.7% CAGR; Key Market Leaders Such as Fresenius and Baxter to Focus on Efficient Delivery of Dialysis Services to Patients: Fortune Business Insights™

Written by Customer Service on January 21, 2021. Posted in Mergers And Acquisitions.

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global dialysis market size is projected to reach USD 177.56 billion by 2027, exhibiting a CAGR of 7.7% during the forecast period. Complications caused in the renal system by the COVID-19 infection is likely to spike the demand for dialysis during the current year, states Fortune Business Insights™ in its report.The COVID-19 infection, according to researchers at the Johns Hopkins University, has been affecting kidney function in patients, even among those who have no history of kidney disease or any underlying renal condition. The university’s preliminary reports found that around 30% of the coronavirus patients in New York and China suffered from moderate to severe kidney malfunction during their hospital stay.KEY INDUSTRY DEVELOPMENTS:October 2019 – The USFDA granted breakthrough...

Atos, a major player in France’s national strategy on quantum technologies

Written by Customer Service on January 21, 2021. Posted in Public Companies.

Paris, France – 21 January 2021 – Atos welcomes the French government’s initiative and is proud to participate in the development of the national strategy on quantum technologies, announced today by President Emmanuel Macron.With unique expertise in Europe and innovative technologies such as the Atos Quantum Learning Machine (Atos QLM), the world’s most powerful quantum simulator, Atos is already working closely with national players such as GENCI (Grand Equipement National de Calcul) and the CEA (Commissariat à l’Energie Atomique), as well as the start-up Pasqal. The national quantum strategy now offers Atos the opportunity to accelerate its Atos Quantum program and strengthen its contribution to the French quantum ecosystem, with a view to offering its customers the first benefits of quantum computing in the NISQ (Noisy...

Month: January 2021

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