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Day: March 23, 2023

Solid Biosciences Provides Fourth Quarter and Full-Year 2022 Business Update and Financial Results

– Completed the acquisition of AavantiBio, creating a precision genetic medicines company with a focus on cardiac and neuromuscular diseases; Closed concurrent $75 million private placement – – Company remains on track to submit IND for SGT 003, a next-generation gene therapy for patients with Duchenne; Anticipated dosing in late – 2023, subject to IND clearance – – Company ends 2022 with approximately $213.7 million in cash and investments; Anticipated cash runway into 2025 – CHARLESTOWN, Mass., March 23, 2023 (GLOBE NEWSWIRE) — Solid Biosciences Inc. (Nasdaq: SLDB), a life sciences company developing genetic medicines for neuromuscular and cardiac diseases, today reported financial results for the fourth quarter and full year ended December 31, 2022, and provided a business update. “Following...

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iCoreConnect Inc. Delivers Strong Financial Results in 2022 With 60% Revenue Growth

OCOEE, FL, March 23, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – iCoreConnect, Inc., (OTCQB: ICCT), a leading cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, announces its full year 2022 results.  Highlights for the Years Ended December 2022 and 2021:  2022 2021 % GrowthRevenues $8.0MM $5.0MM 60%Subscribers 30K 25K 20%Gross Profit 72% 68%  iCoreConnect continued to deliver strong financial results with 2022 revenues growing 60% to $8MM versus $5MM in 2021. This growth was primarily driven by organic growth with a 20% increase in the number of subscribers year-over-year and additional uptake on product offerings for existing subscribers. The company continued to see growth in all its Software-as-a-Service...

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Decisions taken at Cargotec’s Annual General Meeting 2023

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 MARCH 2023 AT 2:25 PM (EET) Decisions taken at Cargotec’s Annual General Meeting 2023 Cargotec Corporation’s Annual General Meeting was held today 23 March 2023 in Helsinki, Finland. The Annual General Meeting approved a distribution of a dividend of EUR 1.34 for each of class A shares and a dividend of EUR 1.35 for each outstanding class B shares. The dividend shall be paid to shareholders who on the record date of dividend distribution, 27 March 2023, are registered as shareholders in the company’s shareholder register. The dividend payment day is 4 April 2023. The meeting adopted the financial statements and consolidated financial statements, and approved the remuneration report. The meeting granted discharge from liability to the members of the Board of Directors and...

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Nextech3D.ai Announces Its AI-Powered SaaS Platform Toggle3D Experiences a +963% Jump in Users in 60-Days Crossing Over 1000 Users

Toggle3D Gaining Traction in $160 Billion Global CAD-3D, Sees Adoption Accelerating in 2023 TORONTO, March 23, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Nextech3D.AI (formally “Nextech AR Solutions Corp” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce its AI-powered SaaS CAD to 3D Design Platform, Toggle3D.ai has crossed over 1000 sign-ups on the platform. Toggle3D.ai enables the conversion, texturing, customizing and sharing of the highest quality 3D models at scale, using CAD files. Since the Beta launch, the platform has attracted a variety of users such as designers, developers, 3D artists, entrepreneurs and creators, reaching over 1000 users on the platform...

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Aeterna Zentaris Reports Fourth Quarter and Full Year 2022 Financial Results

– Company ended the year with $50.6 million in cash, expected to fund operations through 2024 and into 2025– Executing strategy to streamline advancement of development programs, build upon growing body of data across pipeline, and progress towards go/no-go decision milestones– Ongoing efforts to accelerate recruitment for our DETECT trial and establish partnering rights to Macrilen™ in the U.S. and Canada TORONTO, ONTARIO, March 23, 2023 (GLOBE NEWSWIRE) — Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZS) (“Aeterna” or the “Company”), a specialty biopharmaceutical company developing and commercializing a diversified portfolio of pharmaceutical and diagnostic products, today reported its financial and operating results for the year ended December 31, 2022. “Over the course of 2022 we made important pipeline progress and timely...

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Palisade Bio Reports Year End 2022 Financial Results and Provides Corporate Update

Phase 2 topline data readout for prevention of post-surgical abdominal adhesions on track for Q2 2023 Strong balance sheet with sufficient cash expected to fund operations into mid-2024 Carlsbad, CA, March 23, 2023 (GLOBE NEWSWIRE) — Palisade Bio, Inc. (Nasdaq: PALI) (“Palisade” or the “Company”), a biopharmaceutical company advancing therapies for acute and chronic gastrointestinal (GI) complications, today reported its financial results for the full year 2022 and provided a corporate update. “Our team has made great progress executing our operational plan to strengthen our financial profile, focus our pipeline and position the Company for important near-term data readouts. With the cash proceeds from our recently completed financings and exercises of warrants, we believe we are in a strong financial position to build on this...

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Cognition Therapeutics Reports Year End 2022 Financial Results and Provides Business Update

– Completed enrollment of CT1812 Phase 2 SEQUEL study for mild-to-moderate Alzheimer’s disease – Received FDA clearance for Phase 2 START Study of CT1812 in early Alzheimer’s disease – Received FDA clearance for IND for Phase 2 study of CT1812 in 240 patients with geographic atrophy secondary to dry AMD – Secured equity commitment of up to an additional $35M enabling potential access to capital – Connecting with neuroscience community through ongoing Cognition Conversations podcast series – Call scheduled today at 8:00 a.m. ET to discuss results PURCHASE, N.Y., March 23, 2023 (GLOBE NEWSWIRE) — Cognition Therapeutics, Inc. (Nasdaq: CGTX), a clinical-stage neuroscience company developing drugs that treat neurodegenerative disorders by regulating cellular damage response pathways (the “Company”...

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Knight Therapeutics Reports Fourth Quarter and Year-End 2022 Results

Achieves Record Annual Revenues and EBITDA MONTREAL, March 23, 2023 (GLOBE NEWSWIRE) — Knight Therapeutics Inc. (TSX: GUD) (“Knight” or “the Company”), a leading Pan-American (ex-US) specialty pharmaceutical company, today reported financial results for its fourth quarter and year ended December 31, 2022. All currency amounts are in thousands except for share and per share amounts. All currencies are Canadian unless otherwise specified. Financial information as at and for the year ended December 31, 2022 is unaudited. 2022 Highlights FinancialsRevenues were $293,563, an increase of $50,085 or 21% over prior year. Gross margin of $138,061 or 47% of revenues compared to $115,412 or 47% of revenues in prior year. Adjusted EBITDA1 was $54,032, an increase of $16,027 or 42% over prior year. Net loss on financial assets...

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Nokia chosen by CANARIE as sole IP router provider of ultra-high-capacity backbone network for Canadian research, education and innovation

Press Release Nokia chosen by CANARIE as sole IP router provider of ultra-high-capacity backbone network for Canadian research, education and innovationNokia 7750 Service Router delivers unmatched performance and reliability to support vital research in climate science, clean energy, medicine, cybersecurity and more High throughput capacity and availability, transferring petabyte-sized files for researchers around the world23 March 2023Espoo, Finland – Nokia today announced that CANARIE, the high-speed backbone of Canada’s National Research and Education Network (NREN), has chosen the Nokia 7750 Service Router as the IP/MPLS platform to support its more than 34,000 km network connecting 13 provincial and territorial networks to each other and to more than 100 NRENs around the world. CANARIE and its partner networks enable breakthrough...

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Major Drilling Announces Normal Course Issuer Bid

MONCTON, New Brunswick, March 23, 2023 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (TSX: MDI) (“Major Drilling” or the “Company”), one of the world’s largest drilling services companies primarily serving the mining industry, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid (the “NCIB Program”) to purchase outstanding common shares of Major Drilling (the “Common Shares”) on the open market in accordance with the rules of the TSX. Pursuant to the NCIB Program, Major Drilling may purchase, from time to time, in aggregate up to 4,150,251 Common Shares (being approximately 5% of the 83,005,029 issued and outstanding Common Shares of Major Drilling as of March 15, 2023) over a 12-month period commencing on...

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