Day: November 26, 2021

MALVERN, Pa., Nov. 26, 2021 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing novel therapeutics and vaccines, announced that the U.S. Food and Drug Administration (FDA) has issued a clinical hold on the Company’s Investigational New Drug application (IND) to evaluate the COVID-19 vaccine candidate, BBV152, known as COVAXIN™ outside the United States. The FDA plans to identify the specific deficiencies that are the basis for clinical hold and information on how to address those deficiencies. The Company expects to receive formal written communication with the additional information from the FDA and plans to work with the FDA in an effort to resolve its questions as promptly as possible. About COVAXIN™ (BBV152)COVAXIN™ (BBV152) is an investigational...

SHANGHAI, China, Nov. 26, 2021 (GLOBE NEWSWIRE) — Pinduoduo Inc. (NASDAQ: PDD), China’s largest agriculture platform, said it will promote more young leaders to encourage creativity and innovation. The company, which turned six in October, is seeing the younger generation maturing quickly as leaders, and will be giving them more opportunities to take on responsibilities so they can gain experience, according to Chen Lei, Chairman and Chief Executive Officer. “Young talent constantly innovate and bring creativity and vigor. They are shaping the future of this company,” Chen said. “You will see more of them taking on critical roles in the next six to 12 months as we continue to create opportunities for them to step up.” Chen was appointed CEO on July 1, 2020, and Chairman on March 17, 2021. He made the comments as Pinduoduo reported...

SHANGHAI, China, Nov. 26, 2021 (GLOBE NEWSWIRE) — Pinduoduo Inc. (NASDAQ: PDD), China’s largest agriculture platform, pledged to deepen its investment in research and development (R&D) and agricultural technology to raise productivity and promote long-term sustainable development. The company posted 21.5 billion yuan ($3.3 billion) in revenue for the three months ended September, while the number of users who placed orders in the trailing 12-month period rose to 867.3 million. “We are placing more focus on investments in R&D, away from the previous emphasis on sales and marketing in our first five years,” said Chen Lei, Chairman and Chief Executive Officer of Pinduoduo. “We want to leverage our strength in technology to deepen our digital inclusion efforts in agriculture, and will allocate all profits from the third quarter...

Comment on the interview for the journal Dienas Bizness The Management Board of  “Olainfarm” got acquainted with the interview with Roberts Tavjevs, Member of the Board of the largest shareholder AS “AB CITY”, who controls 50.93% of the company’s voting capital, for the journal Dienas Bizness, which provides information on future plans for “Olainfarm”, including the perspective of profit distribution, namely, that no dividends are planned to be paid in the next five years. The Management Board of “Olainfarm” informs that the above-mentioned is contrary to the dividend policy approved by the Council of “Olainfarm”. At the same time, it should be noted that only the shareholders’ meeting has the right to decide on the amount of dividends to be paid to “Olainfarm” shareholders. Changes to the dividend policy, if necessary, shall be...