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Day: November 16, 2022

Alvotech Secures Financing Facilities of Approximately $136 Million

Existing senior bonds upsized by $70 million with additional investment from a consortium of institutional investorsAlvotech acquires the Reykjavik manufacturing facility, previously utilized under a long-term lease agreement, and secures approximately $16 million, at current exchange rates, in gross loan proceeds through refinancing of secured loan facilityAlvotech secures $50 million in financing in the form of an unsecured subordinated loan facility from AlvogenREYKJAVIK, Iceland , Nov. 16, 2022 (GLOBE NEWSWIRE) — Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced financing facilities securing gross proceeds of approximately $136 million, at current exchange rates. “These financing facilities are designed...

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AccuStem Sciences Announces Appointment of Sean McDonald to Board of Directors

LONDON and PHOENIX, Nov. 16, 2022 (GLOBE NEWSWIRE) — AccuStem Sciences, Inc. (OTCQB: ACUT), a clinical stage diagnostics company dedicated to improving outcomes for patients with cancer, announced today the appointment of Sean McDonald to its Board of Directors which will now comprise five members. “We are pleased to welcome Sean to the board and believe his experience building and leading healthcare organizations and securing funding for early-stage companies will be invaluable to our mission at AccuStem,” said Wendy Blosser, Chief Executive Officer and board member of AccuStem. Sean joins the AccuStem board while serving as the CEO of Ocugenix, a therapeutics company focused on the development and commercialization of therapies for ocular diseases caused by excessive fibrosis and blood vessels in the eye. Sean served as a director...

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Aravive Regains Compliance with Nasdaq Minimum Bid Price Requirement

HOUSTON, Nov. 16, 2022 (GLOBE NEWSWIRE) — Aravive, Inc. (Nasdaq: ARAV, “the Company”), a late clinical-stage oncology company developing targeted therapeutics to treat metastatic disease, today announced the receipt of a formal notification from the Staff at The Nasdaq Stock Market, LLC (“Nasdaq”) on November 10, 2022 that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Company was previously notified by the Staff at Nasdaq on August 9, 2022 that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules. Since then, the Staff at Nasdaq has determined that for 11 consecutive business days, from October 27, 2022 to November 10, 2022, the closing bid price of the Company’s...

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Eagle Pharmaceuticals’ Investor Day to Feature World-Renowned KOLs on Tuesday, December 6, 2022, at the Lotte New York Palace Hotel

— Featured speakers and KOLs include: Scott Tarriff, Herm Cukier, Dr. Richard Dutton, Dr. Prem Fort, Dr. TJ Gan, Dr. Andre Kalil, Dr. Joseph Pergolizzi and Dr. Eugene Vortsman — — Topics include the clinical and scientific rationale for the Company’s hospital-based products and pipeline programs: Enalare’s ENA-001, CAL02, BARHEMSYS®, BYFAVO® and landiolol — WOODCLIFF LAKE, N.J., Nov. 16, 2022 (GLOBE NEWSWIRE) — Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) (“Eagle” or the “Company”) today announced that the following speakers and world-renowned Key Opinion Leaders will be featured at the Company’s Investor Day on Tuesday, December 6, 2022, at the Lotte New York Palace Hotel, at 8:00am ET:Scott Tarriff, President and Chief Executive Officer of Eagle Pharmaceuticals, and senior members of the Company’s clinical...

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Crown Crafts Reports Fiscal 2023 Second Quarter Results

Improved year-to-date gross profit of 30.8% of net sales Balance sheet remains strong Board declares a quarterly dividend of $0.08 per shareGONZALES, La., Nov. 16, 2022 (GLOBE NEWSWIRE) — Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the second quarter of fiscal year 2023, which ended October 2, 2022. “Due to our strong relationships with customers and diligent efforts to control costs, Crown Crafts remained solidly profitable in the second quarter despite the expected macroeconomic challenges related to inflation and excess inventories at retailers,” said Olivia W. Elliott, President and Chief Executive Officer of the Company. “Our balance sheet remains strong, and we believe we are well-positioned to withstand the current headwinds and take advantage of future growth opportunities when the...

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Intelligent Transportation System Market Size Worth USD 42.80 Billion, Globally, by 2028 at 9.34% CAGR

According to Fortune Business Insights, the global Intelligent Transportation System market size is projected to grow from USD 21.82 billion in 2020 to USD 42.80 billion in 2028, at CAGR of 9.34% during forecast period; Pune, India, Nov. 16, 2022 (GLOBE NEWSWIRE) — The global Intelligent Transportation System Market was USD 21.82 billion in 2020. The global market size is expected to grow from USD 22.91 billion in 2021 and is projected to reach USD 42.80 billion by 2028, exhibiting a CAGR of 9.34% during the forecast period from 2021-2028. This information is provided by Fortune Business Insights, in its report, titled, “Intelligent Transportation System Market, 2021-2028.” According to our analysts, the market growth is influenced by increasing government initiatives for smart city development. Increasing road traffic congestion...

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EnviroGold Global Files Patent for Efficient Process to Unlock Precious and Strategic Metals in Refractory Ores and Eliminate Environmentally Hazardous Waste

TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy, is pleased to announce it has filed a patent for its proprietary process to efficiently recover precious and critical metals from refractory ores while completely neutralizing the acid-forming potential of waste (the “NVRO Process”). The Company plans to apply this technology to tailings as well as primary production streams worldwide. There are over 280 billion metric tonnes of mine tailings on the earth’s surface with a contained metal value that exceeds US$3.4T. McKinsey & Company reports that refractory ore represents 24% of current gold reserves and 22% of all gold resources globally,...

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Important Reminder for Eargo Stockholders of Record as of October 24, 2022

DEADLINE TO PARTICIPATE IN EARGO RIGHTS OFFERING IS TOMORROW, NOVEMBER 17, 2022: FOR U.S. HOLDERS WHO HOLD SHARES THROUGH A BROKERAGE ACCOUNT: 2:15 P.M., NEW YORK CITY TIME, ON NOVEMBER 17, 2022, SUBJECT TO ANY OTHER DEADLINES SET BY YOUR BROKER FOR U.S. REGISTERED HOLDERS: 5:00 P.M., NEW YORK CITY TIME, ON NOVEMBER 17, 2022Eargo stockholders should contact Morrow Sodali, Eargo’s information agent for the rights offering, for assistance in participating in the rights offering by calling (800) 662-5200. Eargo stockholders who own shares of Eargo common stock through a broker, dealer or nominee should contact the customer service department of their broker, dealer or nominee and request to speak to Corporate Actions to participate in the rights offering; Brokers, dealers and nominees may require their clients to complete subscription...

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NorthWest Copper Reports First Batch of Stardust Drilling Results from 2022 Program. Highlight is 44.20 Metres at 1.31% CuEq Including 21.10 Metres of 2.41% CuEq

Figure 1 Drillhole Locations with block model (5) and topography.Figure 2 Long Section showing block model (6) and intercept locations.Figure 3 Cross SectionFigure 4 Cross SectionFigure 5 Cross SectionVANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) — NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce the first results from the 2022 Stardust drilling program in the 421-Canyon Creek Skarn zone. These holes were designed to increase confidence in the high-grade mineralization at NorthWest’s 100% owned Stardust deposit. Stardust is located approximately 7 km from NorthWest’s 100% owned Kwanika deposit. Highlights from assays include:DDH22-SD-478D: 44.20 metres1 of 1.31% CuEq2 from 502.00 metresIncluding 21.10 metres at 2.41% CuEq from 523.10 metres Including...

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Interim results for the period ended September 30, 2022

Golar LNG Limited (“Golar” or “the Company”) reports Net income of $141.1 million and Adjusted EBITDA1 of $85.2 million for Q3 2022 (“Q3” or “the quarter”). FLNG Hilli customer elected to exercise optional capacity of 0.2 million tons per annum (“MTPA”) of Dutch Title Transfer Facility (“TTF”) linked production from 2023 to 2026. Entered into swap arrangements to hedge approximately 50% of Golar’s exposure to TTF linked FLNG Hilli production for Q4 2022, 100% of Golar’s exposure to 2023 TTF linked production, and 50% of Golar’s exposure to 2024 TTF linked production. Sold 8.0 million shares in Cool Company Ltd. (“CoolCo”) and 6.3 million shares in New Fortress Energy Inc. (“NFE”), raising net proceeds of $430 million in November. Strong customer development for FLNG growth...

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