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Year: 2022

Global Electrophysiology Market to Hit Sales of $12.27 Billion by 2028 | Top 5 Players Holds 34% Market Share | SkyQuest Technology

Global electrophysiology market was valued at USD 6.65 billion in 2021, and it is expected to reach a value of USD 12.27 billion by 2028, at a CAGR of more than 9.14% over the forecast period (2022- 2028). Westford, USA, Oct. 10, 2022 (GLOBE NEWSWIRE) — As the population ages, the demand for electrophysiology market is expected to grow. This growth is being driven by the increasing prevalence of heart disease and the need for more sophisticated treatment options. Electrophysiology is a branch of cardiology that deals with the diagnosis and treatment of heart rhythm disorders. These disorders can range from simple irregularities like atrial fibrillation to more complex conditions like ventricular tachycardia. As the population ages, the incidence of cardiovascular diseases increases. The most common type of cardiovascular disease...

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Global Exercise Band Market to Generate Revenue of $534.62 Million by 2028 | Chinese Brands Dominate Market | SkyQuest Technology

Global exercise band market size was valued at US$ 315.20 million in 2021, and it is expected to reach a value of US$ 534.62 million by 2028, at a CAGR of more than 7.84% over the forecast period (2022–2028). Westford, USA, Oct. 10, 2022 (GLOBE NEWSWIRE) — There are a few factors that have contributed to the recent growth of the global exercise band market. First, there has been an increase in the number of people who are looking to get into shape. With obesity rates on the rise, more people are realizing the importance of leading a healthy lifestyle. In fact, over 13% of the global population is obese and over 39% is overweight. Second, advances in technology have led to more sophisticated exercise bands that are able to provide a better workout. These bands often come equipped with sensors that provide feedback on form and how...

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James River Announces Dates for Its 2022 Third Quarter Earnings Release and Conference Call

PEMBROKE, Bermuda, Oct. 10, 2022 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (the “Company”) (NASDAQ: JRVR) today announced it will release its earnings for the quarter ended September 30, 2022 after the market closes on Tuesday, November 1, 2022. The Company will also host a conference call to discuss its results with analysts and investors on Wednesday, November 2, 2022 beginning at 8:00 a.m. (Eastern Time). Investors may access the conference call by dialing (800) 715-9871, conference ID 2262462, or via the internet by visiting www.jrvrgroup.com and clicking on the “Investor Relations” link. A webcast replay of the call will be available by visiting the company website. About James River Group Holdings, Ltd. James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group...

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Surrozen Presents Data on Two Lead Therapeutic Candidates at United European Gastroenterology (UEG) Week

SZN-043 preclinical data shows rapid, transient increases in hepatocyte proliferation and was well tolerated in non-clinical toxicology studies SZN-1326 preclinical data shows improved intestinal epithelial healing, restored epithelial barrier, and reduced colitis-associated collagen deposition and was well tolerated in non-clinical toxicology studiesSOUTH SAN FRANCISCO, Calif., Oct. 10, 2022 (GLOBE NEWSWIRE) — Surrozen, Inc. (“Surrozen” or the “Company”) (Nasdaq: SRZN), a company pioneering targeted therapeutics that selectively activate the Wnt pathway for tissue repair and regeneration, today announced the presentation of data supporting the continued development of its lead therapeutic programs at United European Gastroenterology Week (UEGW), being held Oct. 8-11 in Vienna. “These data reinforce the compelling mechanism-based...

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PROCEPT BioRobotics Announces $52 Million Debt Refinancing

REDWOOD CITY, Calif., Oct. 10, 2022 (GLOBE NEWSWIRE) — PROCEPT® BioRobotics Corporation (Nasdaq: PRCT) (the “Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, announced today that it has entered into a new five-year $52 million loan arrangement with CIBC Innovation Banking. Proceeds from the new term loan were used to retire a $50 million debt facility with the Company’s existing lender. The Company’s new term loan includes a final maturity date of five years from the closing date. The new term loan has an interest-only period of 36 months, which may be extended to 48 months. “In order to further strengthen our balance sheet, we have successfully extinguished our $50 million term loan and entered into a new facility with favorable terms,” said Kevin Waters,...

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Elys Game Technology Announces Partnership to Provide Sportsbook Services at Top Hat Sports Bar & Grill in Maryland

NEW YORK, NY, Oct. 10, 2022 (GLOBE NEWSWIRE) — Elys Game Technology, Corp. (“Elys” or the Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced a partnership with Bookmakers, LLC to provide land-based sportsbook services within the Top Hat Sports Bar & Grill, located in Parkville, Maryland. Under the agreement, Elys will receive a percentage of all sports betting revenue generated pending final regulatory approval of the Maryland Lottery and Gaming Control Commission. Karen Senac, owner of Bookmakers, LLC commented, “We are delighted to partner with Elys to provide sportsbook services within the Top Hat Sports Bar & Grill located in Parkville, Maryland. Elys’ experience in the market, ease of use for players and reporting for regulatory compliance is what drove Bookmakers...

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Daré Bioscience Announces IDE Approval for a Single Arm, Open-Label Pivotal Contraceptive Efficacy Study of Ovaprene®, an Investigational Hormone-Free Monthly Intravaginal Contraceptive

Ovaprene has the Potential to be the First FDA-Approved Monthly, Self-Administered, Hormone-Free Contraceptive Product SAN DIEGO, Oct. 10, 2022 (GLOBE NEWSWIRE) — Daré Bioscience, Inc. (NASDAQ: DARE), a leader in women’s health innovation, today announced that the U.S. Food & Drug Administration (FDA) approved an Investigational Device Exemption (IDE) application allowing Daré to conduct a single arm, open-label pivotal contraceptive efficacy study of Ovaprene®, an investigational hormone-free monthly intravaginal contraceptive. The IDE approval reflects that the FDA determined the Company provided sufficient data to support the initiation and conduct of the study. The IDE submission included the results of the postcoital test (PCT) clinical study of Ovaprene, in which Ovaprene prevented essentially all sperm from entering...

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IRADIMED CORPORATION Withdraws 510(k) with Plans to Resubmit After Further Discussions with FDA

Announces Preliminary Financial Results for Third Quarter 2022 WINTER SPRINGS, Fla., Oct. 10, 2022 (GLOBE NEWSWIRE) — IRADIMED CORPORATION (the “Company”) (NASDAQ: IRMD) today announced that the Company voluntarily withdrew its 510(K) application on October 5, 2022, for its next-generation MR IV pump. Roger Susi, President and Chief Executive Officer of the Company, commented, “We have been engaged in several productive and positive discussions with the FDA. The FDA requested additional information that was not feasible to provide within FDA’s review deadline; therefore, we decided to withdraw our application to provide us more time to understand and resolve the FDA’s concerns. We are confident that after working with the FDA, we will be able to submit a 510(k) application that leads to a timely clearance for the MRidium 3870 Infusion...

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Morphic Presents New Positive MORF-057 Phase 1 Data at UEG Week 2022

200 mg BID dose demonstrates receptor saturation and statistically significant increases in key circulating T lymphocyte populations Lymphocyte changes consistent with approved α4β7 inhibitor WALTHAM, Mass., Oct. 10, 2022 (GLOBE NEWSWIRE) — Morphic Therapeutic (Nasdaq: MORF), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today announced the presentation of new phase 1 data from MORF-057 phase 1 studies at the United European Gastroenterology (UEG) Week 2022. These new data describe a 200 mg BID (bis in diem) MORF-057 dose cohort and build upon the previously reported safety and pharmacodynamic data from the MORF-057-101 study. MORF-057 is being developed as an oral α4β7 inhibitor candidate for the treatment of inflammatory bowel disease (IBD) with...

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Exela Technologies Inc.’s European business to go Public Through Merger with CF Acquisition Corp. VIII

Transaction values the European business at an enterprise value of $220 million Transaction is expected to close in the first half of 2023 Exela Technologies, Inc. will indirectly own a majority of the new public company, named XBP Europe Holdings, Inc.IRVING, Texas and NEW YORK, Oct. 10, 2022 (GLOBE NEWSWIRE) — XBP Europe, Inc. (“XBP Europe”), the European business of Exela Technologies Inc. (Nasdaq: XELA, XELAP) (“Exela”) and CF Acquisition Corp. VIII (Nasdaq: CFFE) (“CFFE”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that they have entered into a definitive merger agreement. After closing, the combined company will be called XBP Europe Holdings, Inc. and is expected to be publicly listed on Nasdaq under the symbol XBP. Until the closing of the transaction, shares will trade on Nasdaq...

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