Month: January 2023

SOUTH SAN FRANCISCO, Calif. and SAN DIEGO, Jan. 03, 2023 (GLOBE NEWSWIRE) — ORIC Pharmaceuticals, Inc. (Nasdaq: ORIC), a clinical stage oncology company focused on developing treatments that address mechanisms of therapeutic resistance, today announced that Jacob M. Chacko, M.D., chief executive officer, will present a company overview at the 41st Annual J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023, at 11:15 a.m. PT. A live webcast of the company presentation will be available through the investor section of the company’s website at www.oricpharma.com. A replay of the webcast will be available for 90 days following the event. About ORIC Pharmaceuticals, Inc. ORIC Pharmaceuticals is a clinical stage biopharmaceutical company dedicated to improving patients’ lives by Overcoming Resistance In Cancer. ORIC’s clinical...

CAMBRIDGE, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) — Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, announced that the company will present at the 41st Annual J.P. Morgan Healthcare Conference on January 10th at 4:30 p.m. PST in San Francisco, CA. A live webcast of the company presentation will be available on the investor section of the company website at investors.generationbio.com. About Generation BioGeneration Bio is innovating genetic medicines to provide durable, redosable treatments for people living with rare and prevalent diseases. The company’s non-viral genetic medicine platform incorporates a novel DNA construct called closed-ended DNA, or ceDNA; a unique cell-targeted lipid nanoparticle delivery system, or ctLNP; and a highly...

ARLINGTON, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced that effective January 1, 2023, Roman Loosen has joined Fluence as Senior Vice President and Chief Business Operations and Transformation Officer to lead the strategic transformation and accelerated growth of Fluence’s business operations. Mr. Loosen joins Fluence from Siemens, where he spent more than 20 years as a change agent, implementing proven business transformation strategies in various roles and countries across the Siemens organization. “Roman’s demonstrated success as a business transformation and change management expert will help lead Fluence into our next chapter of profitable growth,”...

The Sale of its DME Business Allows Great Elm to Focus Primarily on Investment Management with Additional Cash on its Balance Sheet Available to Fund Strategic Growth Initiatives WALTHAM, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (“we,” “us,” “our,” the “Company,” “GEG,” or “Great Elm”), (NASDAQ: GEG) today announced the closing of the sale of its majority interest in the Company’s Durable Medical Equipment (DME) business, Great Elm Healthcare, LLC, to QHM Holdings, Inc., a wholly-owned subsidiary of Quipt Home Medical Corp. (“Quipt”), (NASDAQ: QIPT; TSXV: QIPT), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care. Transaction Terms and HighlightsTotal consideration of $80 million includes approximately $73 million of cash, $5 million of assumed indebtedness and...

Quipt Reaches $220 Million in Annualized Revenues and $49 Million of Anticipated Annualized Adjusted EBITDA CINCINNATI, Jan. 03, 2023 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ:QIPT; TSXV:QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, is very pleased to announce that it has acquired Great Elm Healthcare, LLC (“Great Elm”), a division of Great Elm Group, Inc. (NASDAQ:GEG) (the “Acquisition”), with an effective date of December 31, 2022. Great Elm operates a complete line of respiratory related durable medical equipment service locations across eight states in the Midwest, Southwest and Pacific Northwest. Based on an independent quality of earnings report, Great Elm had unaudited revenues for the 12 months ended August 31, 2022 of $60 million ‎with...

CAMBRIDGE, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that management will participate and host one-on-one investor meetings at the following investor conference: 25th Annual Needham Growth ConferenceDate: Tuesday, January 10, 2023Fireside Chat Time: 10:15 a.m. ETLocation: New York, NY Conference fireside chats will be available via live audio webcast and archived replay on EverQuote’s investor relations website at http://investors.everquote.com. Safe Harbor StatementAny statements in this press release about future expectations, plans and prospects for EverQuote, Inc. (“EverQuote” or the “Company”), including statements about future results of operations or the future financial position of the Company, including financial targets, business strategy,...

Targets 2035 for Carbon Neutrality, 2045 for Net Zero Emissions Southfield, Michigan, Jan. 03, 2023 (GLOBE NEWSWIRE) — Sun Communities, Inc. (“Sun” or the “Company”) (NYSE: SUI), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities, and marinas (collectively, the “properties”), today announced it has adopted goals to achieve Carbon Neutrality by 2035 and Net Zero Emissions by 2045. This commitment is part of a concerted effort by Sun to significantly reduce greenhouse gas emissions and ultimately reach net-zero emissions to limit global warming and prevent the adverse effects of climate change. The scope of Sun’s commitment will be seen across all its properties, as it works toward achieving its climate change goals through...

NEW YORK, Jan. 03, 2023 (GLOBE NEWSWIRE) — AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent” or “the Company”), a programmatic digital advertising leader using advanced machine learning technology and privacy-forward solutions to deliver real-world value for advertisers and marketers, today announced that its CEO, Jim Lawson, will present at the 25th Annual Needham Growth Conference.Date: January 11, 2023 Time: 3:00 p.m. Eastern Time Live webcast: https://investors.adtheorent.com Archived replay will also be made available on https://investors.adtheorent.comAbout AdTheorent AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology and privacy-forward solutions to deliver impactful advertising campaigns for marketers. AdTheorent’s machine learning-powered Platform AT powers its predictive targeting,...

LA JOLLA, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced the successful completion of certain reinsurance programs covering California earthquake risk. The Company renewed its California Commercial Earthquake quota share program, increasing the cession percentage, and secured additional earthquake excess of loss (“XOL”) limit. In total, Palomar has secured approximately $50 million of incremental limit to capitalize on opportunities it sees in the residential and commercial earthquake insurance markets. “In the face of what is unquestionably a hard reinsurance market, we are pleased to not only successfully renew our California Commercial Earthquake quota share program but also procure incremental reinsurance limit to support our earthquake lines,” commented...

Company to Provide 2023 Value Creation Plan at J.P. Morgan Healthcare Conference MIAMI and BARRANQUILLA, Colombia, Jan. 03, 2023 (GLOBE NEWSWIRE) — Procaps Group, S.A. (NASDAQ: PROC) (“Procaps” or the “Company”), a leading integrated LatAm healthcare and pharmaceutical conglomerate, today announced the termination of its previously-reported definitive agreement (the “SPA”) to acquire Grupo Somar from the sellers under the SPA. As previously reported, the closing of the acquisition of Grupo Somar by the Company was delayed indefinitely after the Company was informed by the sellers that a court in Mexico City issued an Embargo Precautorio affecting certain shares of capital stock of Grupo Somar in connection with a pending dispute that involves an investment by a fund managed by Advent International but that is otherwise unrelated...