Day: January 9, 2023

Coherus Agrees to Acquire Exclusive U.S. Commercial Rights to Eylea® Biosimilar FYB203 from Klinge Biopharma

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

Additional Growth Driver Projected to Significantly Increase Mid-to-Long Term Revenue Potential REDWOOD CITY, Calif., Jan. 09, 2023 (GLOBE NEWSWIRE) — Coherus BioSciences, Inc. (Coherus or Coherus BioSciences, Nasdaq: CHRS) announced today that it has executed a binding term sheet with Klinge Biopharma GmbH (Klinge Biopharma) for the exclusive commercialization rights to FYB203, a biosimilar candidate to Eylea® (aflibercept), in the United States. The parties expect to complete the transaction in Q1 2023, and Coherus plans to file a Biologics License Application with the U.S. Food and Drug Administration later this year. Coherus intends to launch the product at Eylea® biosimilar market formation, currently expected to be in 2025, if approved. “This additional ophthalmology product will allow us to broadly target the entire $7 billion...

Autonomous Last Mile Delivery Market Size [2023-2028] worth USD 51.38 Billion | exhibiting a CAGR of 24.4%

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

The global autonomous last mile delivery was valued USD 8.78 billion in 2020, and is projected to reach USD 51.38 billion valuation by 2028, growing at CAGR of 24.4% by 2028. Pune, Jan. 09, 2023 (GLOBE NEWSWIRE) — According to Fortune Business insights, the global autonomous last mile delivery market to grow USD 51.38 billion by 2028 from its valuation USD 11.12 billion in 2021, at a CAGR of 24.4%. According to our expert researchers, the manufacturing of small mobile delivery robots & drones has seen substantial growth in the last several years on account of the surge in e-commerce business across the world. Industry developments: July 2022- China delivered its drones to resolve its distant rural deliveries and urban pressure demand.Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/autonomous-last-mile-delivery-market-105598Report...

Electric Truck Market Size [2023-2029] worth USD 7,146.4 Million | exhibiting a CAGR of 41.43%

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

The global Electric Truck was valued USD 505.5 million in 2021, and is projected to reach USD 7,146.4 million valuation by 2029, growing at CAGR of 41.43% from 2023 to 2029. Sky-rocketing fuel prices is main factor for the growth of Electric Truck market in recent years. Pune, Jan. 09, 2023 (GLOBE NEWSWIRE) — According to Fortune Business insights, the global electric trucks market size is expected to grow USD 7,146.4 million by 2029 from its valuation USD 631.3 million in 2022, at a CAGR of 41.43%. According to our analyst, increasing adoption of autonomous driving technology and increasing fuel prices is boosting the electric truck market growth. Key Industry Development: May 2022: 800 Freightliner eCascadia electric trucks will be purchased by Daimler and Sysco; the first lot delivery is planned for the end of the year. By 2026,...

Amynta Group Acquires Ambridge Group from Brit, a subsidiary of Fairfax

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

NEW YORK, TORONTO and LONDON, Jan. 09, 2023 (GLOBE NEWSWIRE) — Amynta Group, Brit Ltd (“Brit”), a subsidiary of Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), and Fairfax today announced a strategic partnership in which Amynta will acquire Ambridge Group, the MGU operations of Brit, for $400 million and enter into a multi-year agreement for Brit to be a significant capacity partner to Ambridge. The transaction includes Ambridge in the U.S. and international units in the United Kingdom and Germany. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2023. Ambridge is a leading global Managing General Underwriter (MGU), offering a broad range of transactional, specialty casualty, cyber, professional liability and reinsurance...

Glencore Canada to Acquire Noranda Income Fund Priority Units in an All-Cash Transaction

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (the “Fund”) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Glencore Canada Corporation (“Glencore”) by which Glencore will acquire all of the issued and outstanding priority units of the Fund for C$1.42 per unit, by way of a court approved plan of arrangement, for total consideration of approximately C$53.2 million (the “Transaction”). The purchase price of C$1.42 per unit represents a 45% premium on the closing price on the Toronto Stock Exchange (“TSX”) on January 6, 2023, the last trading day prior to announcement, and a 62% premium on the 20-day volume weighted average price per priority unit on the TSX for the period ending on January 6, 2023. Glencore currently holds 100% of the Fund’s special...

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results

Written by Customer Service on January 9, 2023. Posted in Earnings Releases And Operating Results.

Achieved $29.2 Million of Operating Cash Flow and $25.4 Million of Free Cash Flow 15th Consecutive Quarter of Positive Adjusted EBITDA Maintains Leading Market Share Position in Recreational Cannabis in Canada and Medical Cannabis Across Europe Net Revenue of $144.1 Million, On a Constant Currency Basis $157.6 million EPS of -$0.11 and Adjusted EPS of -$0.06 Strategy in Place to Build the World’s Leading and Most Diversified Cannabis Lifestyle Consumer Packaged Goods Company Completes Acquisition of Montauk Brewing Company, #1 Craft Beer in Metro New York LEAMINGTON, Ontario and NEW YORK, Jan. 09, 2023 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their...

Ayr Wellness Announces Opening of Two New Retail Locations in Florida

Written by Customer Service on January 9, 2023. Posted in Public Companies.

MIAMI, Jan. 09, 2023 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced that it has opened two new retail locations in Florida in Tarpon Springs and Orlando. “We are excited to begin 2023 by welcoming customers to our newest locations in Ayr’s home state of Florida,” said David Goubert, President at Ayr. “2022 was a year of tremendous growth for Ayr in Florida and we look forward to building on that momentum and creating lasting relationships with even more customers in the year ahead.” The Tarpon Springs store features 3,470 sq. ft. of retail space and is located in a highly populated, residential area near popular destinations including downtown Tarpon Springs, Tarpon Sponge Docks and Tarpon Square....

Zai Lab Appoints Michel Vounatsos To Its Board of Directors

Written by Customer Service on January 9, 2023. Posted in Public Companies.

SHANGHAI and CAMBRIDGE, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) — Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) today announced that Michel Vounatsos has been appointed to its Board of Directors, effective January 7, 2023. Mr. Vounatsos brings to the Board extensive global leadership and management experience in the biopharmaceutical industry, including more than 25 years of service at leading companies. His expertise includes significant commercial experience in China and worldwide in the areas of primary care and neuroscience. “We are delighted to welcome Michel Vounatsos to the Zai Lab Board of Directors,” said Dr. Samantha Du, Founder, Chairperson, and CEO of Zai Lab. “Michel has a wealth of commercial experience, globally and in China, which will be invaluable to the Board and our executive team as the Company continues its efforts...

Jushi Holdings Inc. Announces Leadership Appointments and Management Changes

Written by Customer Service on January 9, 2023. Posted in Public Companies.

Appoints veteran CFO with extensive CPG and global manufacturing expertise Implements organizational improvements to drive operational efficiencies and labor reductions BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced leadership appointments and management changes. These changes include the appointment of Michelle Mosier as the Company’s Chief Financial Officer (“CFO”) effective January 16, 2023, and the resignation of Leonardo “Leo” Garcia-Berg from his position as Chief Operations Officer (“COO”), effective January 20, 2023. In addition, the Company has appointed Nichole Upshaw as Chief People Officer and has designated Shaunna Patrick as Chief Commercial Director and Trent Woloveck as...

Biochar Market Market Size [2023-2028] worth USD 365 Million | exhibiting a CAGR of 12.1%

Written by Customer Service on January 9, 2023. Posted in Mergers And Acquisitions.

The global biochar market was valued USD 149.2 million in 2020, and is projected to reach USD 365.0 million valuation by 2028, growing at CAGR of 12.1% from 2023 to 2028. Increasing use of biochar in energy production to drive market growth. Pune, India, Jan. 09, 2023 (GLOBE NEWSWIRE) — According to Fortune Business insights, the global biochar market is expected to grow USD 365.0 million by 2028 from its valuation USD 164.5 million in 2021, at a CAGR of 12.1%. According to our researchers, this char is utilized expansively in a soil amendment to increase pollutants and poisonous elements and also to avoid dropping moisture levels, fertilizer runoff, and soil leaching. Consequently, its wide use is likely to bolster its demand during the forecasted period. Key Industry Development: July 2021: Standard Biocarbon Corporation and...

Day: January 9, 2023

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