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Month: June 2022

OpGen Subsidiary Curetis and Leader Life Sciences Enter into Unyvero Distribution Partnership for U.A.E. and Qatar

Exclusive distribution agreement for initial term of three years Leader Life Sciences commits to minimum purchase of 8 Unyvero systems during initial term    Leader Life Sciences to seek regulatory clearance for Unyvero products in U.A.E. and QatarROCKVILLE, Md., June 09, 2022 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq: OPGN, “OpGen”), a precision medicine company harnessing the power of molecular diagnostics and bioinformatics to help combat infectious disease, announced today that its subsidiary Curetis GmbH has entered into a distribution agreement with Leader Life Sciences via their trading company Leader Medical Supplies Trading LLC, part of the Leader Healthcare Group, for distribution of Unyvero systems in the United Arab Emirates and Qatar. Leader Healthcare Group is one of the Middle East region’s leading distributors and...

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Passage Bio to Present at the Goldman Sachs 43rd Annual Global Healthcare Conference

PHILADELPHIA, June 09, 2022 (GLOBE NEWSWIRE) — Passage Bio, Inc. (NASDAQ: PASG), a clinical-stage genetic medicines company focused on developing transformative therapies for central nervous system disorders, today announced that Simona King, chief financial officer of Passage Bio, will participate in a fireside chat at the upcoming Goldman Sachs 43rd Annual Global Healthcare Conference being held from June 13-16, 2022 in Rancho Palos Verdes, CA. Format: Fireside Chat Date: Thursday, June 16, 2022Time: 8:40 a.m. PT (11:40 a.m. ET) A live webcast of the event will be available on the Investors & Media section of Passage Bio’s website at investors.passagebio.com. A replay of the presentation will be available for 30 days following the events. About Passage Bio Passage Bio (Nasdaq: PASG) is a clinical-stage genetic medicines...

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Midland Begins Its Second Exploration Program in Nunavik Under Its Strategic Alliance With SOQUEM

Figure 1 MD-SOQUEM AllianceFigure 2 High Grade Gold DiscoveryFigure 3 Lelievre North-WestFigure 4 Lelievre Showing ExtensionMONTREAL, June 09, 2022 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the start of an important exploration program targeting Cu-Zn-Co-Ag-Au / Zn-Pb-Cu-Ag-Au volcanogenic massive sulphides (“VMS”) in the Labrador Trough, Nunavik. This second exploration program will be conducted under the strategic alliance concluded between Midland and SOQUEM       (the “Alliance”). The 2022 exploration program will consist of two phases of prospecting, each lasting three weeks, scheduled from mid-June to mid-August. Several new targets for 2022 and follow-up of 2021 discoveries Following execution of the Alliance, compilation work was undertaken to cover the Labrador...

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Olema Oncology and Aurigene Announce Exclusive Collaboration and License Agreement to Discover and Develop Novel Cancer Therapies

SAN FRANCISCO, June 09, 2022 (GLOBE NEWSWIRE) — Olema Pharmaceuticals, Inc. (“Olema” or “Olema Oncology,” Nasdaq: OLMA) and Aurigene Discovery Technologies Limited (“Aurigene”) today announced an exclusive global license agreement to research, develop and commercialize novel small molecule inhibitors of an undisclosed oncology target. Under the terms of the agreement, Olema will make an upfront licensing payment of $8 million for rights to a pre-existing Aurigene program. Aurigene will be eligible for up to $60 million in potential clinical development and regulatory milestones and up to $370 million in potential commercial milestones, as well as royalties ranging from the mid-single digits to the low double digits based on annual net sales. During the research term, Olema will contribute funding to Aurigene to facilitate ongoing...

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Wellbeing subsidiary KGK Science and the International Probiotics Association (“IPA”) applauds FDA’s Commitment to Release NDI Draft Guidance Documents in the Near Future

IPA to request a Probiotic FDA Town Hall VANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) — Wellbeing Digital Sciences Inc. (“Wellbeing” or the “Company”) (NEO: MEDI) (OTC: KONEF) (FRA: SQ2), subsidiary KGK Science Inc. applauds the efforts on the part of U.S. Food and Drug Administration (“FDA” or the “Agency”) to release the recent New Dietary Ingredient (“NDI”) enforcement draft guidance, which is part one of a multipart series of NDI guidance documents the FDA announced during a round table discussion at the IPA World Congress + Probiota Americas. According to FDA, the recent enforcement discretion guidance on late submissions of NDI notifications, released on May 19, 2022, was in response to its commitment in the Fall of 2021 to update guidelines in 2022. Instead of releasing a single guidance document containing...

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HydroGraph Inc. to Present Super-Material Graphene at Advanced Materials Show

Co-located Graphene Council Commercialization Conference to highlight materials innovation VANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) — HydroGraph Clean Power Inc. (HG.CN) (the “Company” or “HydroGraph”), a commercial manufacturer of high-quality nanomaterials and alternative-energy fuels, has announced today that they will be presenting its innovative graphene product at the upcoming Advanced Materials Show and co-located Graphene Council Commercialization Conference. The shows will take place in Birmingham, UK from Tuesday, June 28-Thursday, June 30. HydroGraph will be featured at Advanced Materials at stand 18-101. Dr. Ranjith Divigalpitiya, HydroGraph chief science officer will lead a roundtable discussion on, “Understanding the Environmental Impact of Graphene-Related Materials.” “We are very excited for the...

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InMed Launches THCV, Expanding its Portfolio of Rare Cannabinoids for the Health and Wellness Sector

Produces highly pure d9-dominant THCV, a non-intoxicating cannabinoid Bolsters Company’s commercial portfolio, which also includes CBDV, CBC and CBT THCV has been researched for a variety of potential benefitsVANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) — InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (Nasdaq: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, is pleased to announce it has launched B2B sales of the rare cannabinoid delta 9-dominant tetrahydrocannabivarin (“d9-THCV”) into the health and wellness sector via its wholly-owned subsidiary, BayMedica LLC (“BayMedica”). “We are very excited to launch our highly anticipated d9-THCV and further enhance BayMedica’s growing product portfolio,” stated Shane Johnson, MD, SVP and General Manager of BayMedica....

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Orezone’s Ongoing Grade Control Program Returns Consistent High-Grade Intercepts in the A2 Starter Pit at the Bomboré Gold Project

Figure 1 North Pits Plan ViewFigure 2 Maga Area Resources and Reserve Drilling Plan ViewFigure 3 Maga Area Grade Control Drilling Plan ViewFigure 4 A2 Pit Resources and Reserve Drilling Plan ViewFigure 5 A2 Pit Grade Control Drilling Plan ViewVANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to report further assay results from the maiden grade control (“GC”) reverse circulation (“RC”) drill program at the Bomboré Gold Project, located in Burkina Faso. GC drilling to-date is focused on near-surface oxide mineralization within the starter pits located in the northern portion of the mining lease. These starter pits will be the source of higher-grade oxide mill feed for the first year of production and are denoted as...

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Salona Global Medical Device Corporation Announces Execution of a Non-Binding Agreement to Acquire a US$14M in Annual Revenue Physical Therapy Medical and Equipment Business with 35% Gross Margins

SAN DIEGO, June 09, 2022 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the ‎‎“Company”) (TSXV:SGMD), ‎a fully integrated acquisition focused medical device company serving the global injury and surgery recovery (known as recovery science) market, announced today that on May 27, 2022 it executed a non-binding agreement (“Agreement”) to acquire a cash flow positive medical device business. The Company has come to financial terms to acquire a company providing medical devices and equipment for physical therapy clinics in the U.S. (“Acquisition Target”). According to preliminary due diligence, the Acquisition Target has unaudited annual revenues of approximately US$14M. It reported 35% unaudited gross margins, has a strong balance sheet relative to revenue, and is generating free cash flow....

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Eagle Pharmaceuticals Completes Acquisition of Acacia Pharma Group plc, Expanding Acute Care Footprint

Adds two U.S. Food and Drug Administration (“FDA”) approved new chemical entities with strong patent protection BARHEMSYS® (amisulpride for injection) and BYFAVO® (remimazolam for injection) join Eagle portfolio, with an estimated combined $3.1 billion per year1 addressable market and projected annual peak sales of $2752 million in the U.S. Expected to be earnings accretive by 2024WOODCLIFF LAKE, N.J., June 09, 2022 (GLOBE NEWSWIRE) — Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) (“Eagle” or the “Company”) today announced it has completed the acquisition of the entire issued share capital of Acacia Pharma Group plc (“Acacia Pharma”) (EURONEXT: ACPH) by way of a scheme of arrangement under Part 26 of the United Kingdom’s Companies Act 2006 (the “Transaction”). “The closing of this transaction is a great achievement for Eagle both...

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