Day: September 25, 2023
Sandoz shares (SDZ) to be listed and traded on SIX Swiss Exchange; ADRs to be traded on OTCQX®, first trading day October 4, 2023
Sandoz to be included in key Swiss market indices
Investment grade credit rating for Sandoz confirmed: Moody’s, Baa2; S&P, BBB
Debt financing of USD 3.75 billion (in various currencies) secured for Sandoz, supported by USD 1.25 billion revolving credit facility
Spin-off to be completed by way of a 1:5 distribution of Sandoz shares to Novartis shareholders and Sandoz ADRs to Novartis ADR holdersBasel, September 25, 2023 — Novartis today confirmed plans for the 100% Spin-off of the Sandoz business, with trading of new Sandoz Group AG shares and ADRs (American Depositary Receipts) to commence on October 4, 2023.
This follows the previously announced Novartis shareholder approval for the Spin-off of Sandoz,...
LEQEMBI® Intravenous Infusion (Lecanemab) Approved for the Treatment of Alzheimer’s Disease in Japan
Written by Customer Service on . Posted in Public Companies.
TOKYO and CAMBRIDGE, Mass., Sept. 25, 2023 (GLOBE NEWSWIRE) — Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, “Eisai”) and Biogen Inc. (Nasdaq: BIIB, Corporate headquarters: Cambridge, Massachusetts, CEO: Christopher A. Viehbacher, “Biogen”) announced today that humanized anti- soluble aggregated amyloid-beta (Aβ) monoclonal antibody LEQEMBI® Intravenous Infusion (200 mg, 500mg, lecanemab) has been approved in Japan as a treatment for slowing progression of mild cognitive impairment (MCI) and mild dementia due to Alzheimer’s disease (AD).
LEQEMBI is a humanized immunoglobulin gamma 1 (IgG1) monoclonal antibody directed against aggregated soluble (protofibril*) and insoluble forms of Aβ. LEQEMBI is the first and only approved treatment shown to reduce the rate of disease progression and to slow cognitive and functional decline...
Olaroz Mineral Resource Update, and Stage 1 & 2 Operations Update
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Figure 1Olaroz Project LocationFigure 2Production Wellfield Pumping and Extracted Lithium in Brine to ponds (August 2013 to June 2023)Figure 3Location map of Measured, Indicated and Inferred Lithium Mineral ResourcesFigure 4Geological model of the Olaroz salar looking north through the northern part of the basinFigure 5Olaroz production well locationsFigure 6Lithium grades (mg/L) at 100 m (left) and 250 m below surface (right)Figure 7Resource blocks in lithium mg/l, showing the salar edge (red), alluvial zone (green) in the south and the muddy marginal zone outline (between red and blue outlines)Figure 8NPV Sensitivity AnalysisBRISBANE, Australia, Sept. 25, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX|TSX: AKE) (“Allkem” or “the Company”) is pleased to announce...
Sal de Vida Update Delivers Improved Economics, Resource and Reserve
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Figure 1Sal de Vida project locationFigure 2Registered pumping and extracted lithium from the Stage 1 eastern wellfieldFigure 3Location map of Measured, Indicated and Inferred Lithium Mineral ResourcesFigure 4Sal de Vida Simplified Process Flow DiagramFigure 5Site layout for Stage 1 (blue) and Stage 2 expansion (green)Figure 6NPV Sensitivity AnalysisDrill hole information tableDrill hole information tableLocation map of exploration boreholesLocation map of exploration boreholesHydrogeological Cross-Section Locations (Plan View)Hydrogeological Cross-Section Locations (Plan View)Hydrogeological Cross-Section A-A’Hydrogeological Cross-Section A-A’Hydrogeological Cross-Section B-B’Hydrogeological Cross-Section B-B’Hydrogeological...
Cauchari Mineral Resource and Ore Reserve Update and Project Update
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Figure 1Cauchari project locationFigure 2Location section of Measured, Indicated and Inferred Lithium Mineral ResourcesFigure 3Location map of NW and SE wellfieldFigure 4Process Overview DiagramFigure 5General Block Diagram for the ProcessFigure 6Main physical areas and roads of the ProjectFigure 7Detail of main installations for the ProjectFigure 8NPV Sensitivity AnalysisDrill hole InformationDrill hole InformationLocation map of boreholesLocation map of boreholesW-E section looking north through the Cauchari JV geological modelW-E section looking north through the Cauchari JV geological modelW-E section looking north, showing the progressive inter-fingering of the Archibarca fan with the Clay and Halite unitsW-E section looking north,...
Allkem confirms material growth profile underpinned by 40 Mt Resource
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APPENDIX 2, Section 1 TableAPPENDIX 2, Section 1 TableAPPENDIX 2, Section 1 ImageAPPENDIX 2, Section 1 ImageAPPENDIX 2, Section 2 ImageAPPENDIX 2, Section 2 ImageAPPENDIX 2, Section 3 ImageAPPENDIX 2, Section 3 ImageBRISBANE, Australia, Sept. 24, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX: AKE, “Allkem” or the “Company”) has reviewed and updated technical studies for the Olaroz, Sal de Vida, Cauchari, James Bay and Mt Cattlin operations and projects which also assists with preparation for the proposed merger with Livent Corporation (NYSE:LTHM).
The findings of these studies will be published in NI43-101 format as required by the Toronto Stock Exchange, the format required by the New York Stock Exchange under subpart 1300 of Regulation S-K of the United States Securities Act of 1933 and are summarised...