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Month: June 2021

Landos Biopharma Announces Positive Outcome of End-of-Phase 2 Meeting with the FDA for Omilancor in Mild-to-Moderate Active Ulcerative Colitis (UC) Patients

The FDA clears the path to initiate the PACIFY I and II global registration studies in Mild-to-Moderate Active UC patients representing the potential for a broad product label for Omilancor BLACKSBURG, Va., June 14, 2021 (GLOBE NEWSWIRE) — Landos Biopharma, Inc. (NASDAQ: LABP), a late-clinical-stage biopharmaceutical company utilizing its LANCE Advanced Artificial Intelligence (A.I.) platform to discover and develop novel oral therapeutics for patients with autoimmune and inflammatory diseases, today announced the successful outcome of an End-of-Phase 2 (EOP2) meeting with the U.S. Food and Drug Administration (FDA) for omilancor, its lead candidate in late-stage clinical development for the treatment of mild-to-moderate active ulcerative colitis (UC) patients. Landos and the FDA agreed on key elements necessary for regulatory...

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Enochian BioSciences Announces FDA Acceptance of Pre-IND Request For Potential HIV Cure

LOS ANGELES, June 14, 2021 (GLOBE NEWSWIRE) — Enochian BioSciences, Inc., a company focused on gene-modified cellular and immune therapies in infectious diseases and cancer, today announced that the FDA has accepted a Pre-IND (Investigational New Drug) request for a potential functional cure or treatment of HIV. Written comments are expected this Fall. Dr. Serhat Gumrukçu, co-founder and inventor of Enochian BioSciences, and Director of Seraph Research Institute (SRI), submitted the Pre-IND. The request was based on the results of a 54-year old man living with HIV who had failed to suppress the virus with antiviral therapy. The patient subsequently achieved viral control for 255 days with an innovative treatment of Natural Killer (NK) and Gamma Delta T-cells (GDT) collected from another person. During the entire period, no antiviral...

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Ketamine One Appoints Loreto Grimaldi to Board of Directors

Accomplished Executive and Director Brings Experience From a Wide Range of Industries Across North America VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — KetamineOne Capital Limited (“Ketamine One” or the “Company”) (NEO: MEDI) (OTC: KONEF) (Frankfurt: MY0), a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments, is pleased to announce that it has recently appointed Loreto Grimaldi to its Board of Directors. Mr. Grimaldi brings over 25 years of corporate, transactional and governance experience to Ketamine One. He is licensed to practice law in Ontario and New York State, and maintains active memberships in the American Bar Association, the Association of Corporate Counsel, the National Association of Corporate Directors, and the Institute of Corporate...

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Lordstown Motors Reports Results Of Special Committee Investigation Of Hindenburg Research Report

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or the “Company”), a leader in electric light duty trucks focused on the commercial fleet market, has received the below statement regarding the results of the investigation conducted by the Special Committee of its Board of Directors into the report published by Hindenburg Research on March 12, 2021 (the “Hindenburg Report”). _____________________________________________________________________________ The Special Committee of the Board of Directors of Lordstown Motors Corp. Background The Hindenburg Report stated, among other things, that Lordstown Motors had made various misstatements about demand for its Endurance pick-up truck, the viability of the technology utilized in the Endurance, and its ability to start production...

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Boxed to Become A U.S. Publicly Traded Company Through Merger With Seven Oaks Acquisition Corp.

Boxed and Seven Oaks Acquisition Corp. [Nasdaq: SVOK] Enter Into Business Combination Agreement Boxed Leverages its Proprietary, End-to-End, AI and Robotics-Driven E-Commerce Platform to Deliver a User-Friendly Shopping Experience for Bulk Consumables Company Projecting +40% 2022 YoY Net Revenue Growth Transaction Expected to Deliver Boxed $334 Million of Net Cash Proceeds to Fund Growth Through $259 Million Seven Oaks Cash in Trust and $120 Million from Institutional and Strategic Investors Committing to Invest at Closing in Combination of Common Stock and Convertible Notes Pro Forma Implied Equity Value of Approximately $900 Million Management’s Remarks Available via Webcast NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) — Boxed, Inc. (“Boxed” or “the Company”; legally known as “Giddy Inc. d/b/a Boxed”), an e-commerce grocery shopping...

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Vista Gold Corp. Achieves Significant Milestone with Approval of the Final Major Authorization for Mt Todd

DENVER, June 14, 2021 (GLOBE NEWSWIRE) — Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce it has received approval of the Mining Management Plan (“MMP”) by the Northern Territory (“NT”) Government for the Company’s 100% owned Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia. The MMP (similar to a mine operating permit in North America) is the final major authorization required for the development of the Mt Todd mine. The receipt of this approval marks the achievement of a significant de-risking milestone that has been the focus of the Company for the last three years. This approval, combined with the previously-approved major environmental permits, recognizes the quality and advanced stage of engineering and project planning, and is a fundamental...

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Everything Blockchain Acquires Mercury, Inc. for $1.5M

Fleming Island, Florida, June 14, 2021 (GLOBE NEWSWIRE) — Everything Blockchain, Inc., (OTCMKTS: OBTX), an advanced software development, engineering, and services company specializing in blockchain technologies and decentralized processing, announced today that it has completed its due diligence process with all terms acceptable to close its acquisition of Mercury, Inc., effective upon the determination of the Small Business Administration (SBA) forgiveness application of the Payroll Protection Program (PPP) currently submitted by Mercury, Inc.  Both parties have agreed in all aspects of the acquisition. All cash and stock to finalize the closing have been placed in Escrow pending the resolution by the SBA.  Mercury, Inc. submitted its application for forgiveness in May 2021 and expects a determination on its PPP forgiveness...

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Landsnet signs a loan agreement with the Nordic Investment Bank

Landsnet and the Nordic Investment Bank (NIB) have signed a loan agreement in the amount of USD 50 million to finance the construction of the Krafla Line 3 and Hólasandur Line 3 transmission lines. This new generation of lines has been designed to improve energy efficiency, increase transmission capacity and security of supply, locally and for the entire transmission system.  Guðlaug Sigurðardóttir, CFO, made the following statement:   “We are pleased that the Nordic Investment Bank has agreed to finance two of our largest and most important projects, Krafla Line 3, which will connect Krafla and Fljótsdalur, and Hólasandur 3, which will connect the town of Akureyri and Hólasandur. This new generation of lines will lay the foundation for green energy efficiency. Construction is progressing well, but the pandemic has created unique...

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Proofpoint Announces Cancellation of its 2021 Annual Meeting of Stockholders

Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later Date SUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) — Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced its Board of Directors has cancelled the 2021 Annual Meeting of Stockholders scheduled for June 15, 2021. This follows the previously announced definitive agreement, pursuant to which Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, will acquire Proofpoint in an all-cash transaction that values Proofpoint at approximately $12.3 billion. Proofpoint expects that the current members of its Board of Directors will continue as directors until the completion of the merger. Proofpoint will publicly announce the date...

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US Behavioral Health Market to Hit USD 77.62 billion with 3.6% CAGR till 2028; Emergence of Virtual Reality-based Treatment Options to Accelerate Growth, says Fortune Business Insights™

Top Players Covered in the US Behavioral Health Market Research Report are Universal Health Services (King of Prussia, PA), Behavioural Health Group Inc.(Dallas, Texas), Acadia Healthcare (Franklin, Tennessee), American Addiction Centers (Tennessee, U.S), IBH (Irvine, CA), CuraLinc Healthcare (Chicago, Illinois), Behavioural Health Systems (Birmingham, Alabama), North Range Behavioural Health (Greeley, Colorado) and other key market players Pune, India, June 14, 2021 (GLOBE NEWSWIRE) — The US Behavioral Health Market is set to gain momentum from the introduction of disruptive technologies, such as virtual assistants, VR, AR, digital consumer experience, diagnostic support, digital phenotyping, and neurological interventions. For instance, in May 2021, the United States Olympic and Paralympic Committee (USOPC) introduced its 24/7...

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