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Year: 2022

Drone Services Market to Hit $232.8 Billion by 2029 | Exhibiting 42.78% CAGR

Companies covered in drone services market are Aerodyne Group (Malaysia), AgEagle Aerial Systems Inc. (U.S.), Cyberhawk (U.K.), DroneDeploy (U.S.), Matternet (U.S.), PrecisionHawk (U.S.), Phoenix Drone Services LLC (U.S.), SenseFly (Switzerland), Sky Futures Ltd (U.K.), Terra Drone (Japan) and more players profiled. Pune, India, Dec. 05, 2022 (GLOBE NEWSWIRE) — The global drone services market size was valued at $9.56 billion in 2021. The market is expected to grow from $13.48 billion in 2022 to $232.8 billion by 2029, exhibiting a CAGR of 42.78% during the forecast period. The rising adoption of commercial drones in various industries and the implementation of drones for the development of delivery models are expected to elevate this industry’s growth. Fortune Business Insights™ provides this information in its report titled...

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Global Automotive Engine Oil Market to Reach Sales Value of $44.51 Billion | Electric Vehicle to Disrupt Engine Oil Demand by Up to 35%

Global automotive engine oil market was valued at USD 35.7 billion in 2021, and it is expected to reach a value of USD 44.51 billion by 2028, at a CAGR of 3.20% over the forecast period (2022-2028). Westford, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) — The automotive industry is growing rapidly and with it, the demand for automotive engine oil market. As the world’s population continues to grow and more people gain access to motor vehicles, the demand for engine oil will only continue to increase. Currently, over 1.4 billion vehicles are running on the road. Out of which, over 93% are required with engine oil. This is good news for companies that produce this product, as they are sure to see a healthy return on their investment. The automotive engine oil market is a complex and ever-changing landscape. To better understand the...

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Solid Biosciences Announces Closing of Acquisition of AavantiBio and Concurrent $75 Million Private Placement

– Transactions create a precision genetic medicine company focused on neuromuscular and cardiac diseases, led by industry veteran Bo Cumbo – – Company to leverage synergies and key assets, including product candidates for Duchenne muscular dystrophy, Friedreich’s ataxia, BAG3 mediated dilated cardiomyopathy and other undisclosed cardiac diseases, novel capsid libraries, and personnel – – Combined company has approximately $215 million in cash and investments, which is expected to fund operations into 2025 and support attainment of key milestones for lead gene therapy programs – CHARLESTOWN, Mass., Dec. 05, 2022 (GLOBE NEWSWIRE) — Solid Biosciences Inc. (Nasdaq: SLDB), a life sciences company focused on advancing meaningful therapies for Duchenne muscular dystrophy (Duchenne), today announced...

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FitLife Brands to Acquire Mimi’s Rock Corp.

Transformative acquisition will double the size of the company with minimal leverage and no dilution to shareholders OMAHA, NE, Dec. 05, 2022 (GLOBE NEWSWIRE) — FitLife Brands, Inc. (“FitLife” or the “Company”) (OTCPK: FTLF), a provider of innovative and proprietary nutritional supplements for health-conscious consumers, announced that it has entered into definitive documentation to acquire all of the issued and outstanding common shares of Mimi’s Rock Corp. (“Mimi’s Rock” or “MRC”) (TSXV: MIMI, OTCQB: MIMNF), subject to customary closing conditions. Highlights of the transaction, which is expected to close in February, 2023, are as follows:The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to approximately double the size of the Company to more than $60 million annual...

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At CAGR of 2.9%, Aircraft Tires Market Size is Anticipated to Gain USD 1.6 Bn by 2027

Chicago, Dec. 05, 2022 (GLOBE NEWSWIRE) — Aircraft Tires Market by Type (Radial-ply and Bias-ply), Aircraft Type (Business and General Aviation, Commercial Aviation, Military Aviation), Platform (Fixed-wing and Rotary-wing aircraft), Position, End-User, and Region – Global Forecast to 2027″, Aerospace Manufacturers are developing enhanced Aircraft Tires that are fuel-efficient and durable. There is the adoption of sustainable Aircraft Tires systems, which are environment friendly and have reduced carbon emissions while providing an optimal tread life. Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163712012 Aircraft Tires Market Report Scope:Report Metric DetailsMarket Size Value in 2022 USD 1.4 BillionRevenue Forecast in 2027 USD 1.6 BillionGrowth Rate 2.9%...

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Yumanity Therapeutics Declares Special Dividend In Connection with Proposed Asset Sale to Janssen and Merger with Kineta

Special dividend estimated to be in range of $1.34 to $1.43 per share Payment of special dividend conditioned upon closing of both Asset Sale and Merger, which are subject to stockholder approval BOSTON, Dec. 05, 2022 (GLOBE NEWSWIRE) — Yumanity Therapeutics, Inc. (“Yumanity” or the “Company”) (Nasdaq: YMTX) announced today that its Board of Directors has declared a special dividend in connection with the previously announced asset sale to Janssen Pharmaceutica NV (“Janssen”) and merger with Kineta, Inc. (“Kineta”). The special dividend, which the Company estimates will be in range of $1.34 to $1.43 per share of Yumanity common stock, will be payable in cash on or before December 29, 2022, to stockholders of record at the close of business on December 15, 2022. The special dividend will be equal to the gross proceeds of the asset...

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Gelatin Market to Hit USD 4.42 Billion by 2029 | At a CAGR of 6.43 %

Companies covered in gelatin market are Gelita AG (Germany), Darling Ingredients Inc. (U.S.), Nitta Gelatin, Inc. (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine B.V. (Netherlands), Lapi Gelatine S.p.a. (Italy), Juncà Gelatines SL (Spain), Italgel S.r.l (Italy), Sterling Biotech Ltd. (India), Gelnex (Brazil) & more. Pune, India, Dec. 05, 2022 (GLOBE NEWSWIRE) — The global gelatin market size was valued at USD 2.65 billion in 2021. The market is projected to grow from USD 2.86 billion in 2022 to USD 4.42 billion by 2029, exhibiting a CAGR of 6.43% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Gelatin Market, 2022-2029.” Get a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/gelatin-market-107012 List...

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Aircraft Hangar Market to Worth USD 1,000.6 Million by 2029 | Fortune Business Insights™

According to Fortune Business Insights™, the global aircraft hangar market size is projected to reach USD 1,000.6 Million by 2029, at CAGR of 4.81% during forecast period 2022-2029 Pune, India, Dec. 05, 2022 (GLOBE NEWSWIRE) — The global aircraft hangar market size stood at USD 703.0 million in 2021. The market value is slated to rise from USD 720.3 million in 2022 to USD 1,000.6 million by 2029 at a CAGR of 4.81% during 2022-2029. Hangars can be either fixed or moveable in construction. As they are simple to install, take less time to set up, and are less expensive, inflatable portable hangars are becoming more and more popular. Fortune Business Insights™ presents this information in its report titled, “Global Aircraft Hangar Market, 2022-2028”. Get a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-hangar-market-103514 List...

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AnPac Announces Strategic Initiative to Establish A Wholly-Owned Subsidiary for US Food Market

PHILADELPHIA, Dec. 05, 2022 (GLOBE NEWSWIRE) — AnPac Bio-Medical Science Co., Ltd. (Nasdaq: ANPC) (“AnPac Bio” or the “Company”), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, today announced that the Company has formed a wholly-owned subsidiary Fresh2 Technology Inc in the State of Delaware on October 4, 2022 in order to establish the company’s new product line of business-to-business food trade and delivery platform for local restaurants and supermarkets, a combination of the China’s food distribution strategies and North America’s growing Asian food market. Mr. Haohan Xu, the Co-CEO commented: “We are dedicated to developing and producing high-performance platform and supply chain of food distribution system, for a broader client group in US local...

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Aridis Signs Exclusive Terms to Secure Worldwide Commercial Licenses for Pan-Ebola and Pan-Marburg Monoclonal Antibody Programs from Mapp Biopharmaceutical

The Sudan Ebola and Marburg mAb programs were awarded approximately $190 million of BARDA funding covering manufacturing, efficacy and safety evaluations, and regulatory approvalLos Gatos, Calif., Dec. 05, 2022 (GLOBE NEWSWIRE) — Aridis Pharmaceuticals, Inc. (NASDAQ: ARDS), a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies for treating life-threatening infections, signed an exclusive term sheet to secure international development and global commercial rights upon licensure for the pan-Ebola and pan-Marburg monoclonal antibody (mAbs) programs from Mapp Biopharmaceutical, Inc. (MappBio), a privately-owned leading developer of novel pharmaceuticals for the prevention and treatment of infectious diseases with a focus on unmet needs in global health and biodefense.Aridis and...

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