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Year: 2023

SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $6.6 MILLION FOR THE THIRD QUARTER

San Diego, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) — Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces its consolidated financial results for the third quarter of 2023. Southern California Bancorp reported net income of $6.6 million for the third quarter of 2023, or $0.35 per diluted share, compared to net income of $6.9 million, or $0.38 per diluted share in the third quarter of 2022, and net income of $6.7 million, or $0.36 per diluted share in the second quarter of 2023. “I am pleased to report that our strong year-to-date performance in 2023 includes net interest income of $71.6 million and net income of $21.5 million, up from $62.5 million and $7.6 million, respectively, in the corresponding year-to-date period in...

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Theratechnologies Announces Pricing of US$25 Million Public Offering of Common Shares and Concurrent Private Placement

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated December 16, 2021 to its short form base shelf prospectus dated December 14, 2021. Common shares priced at US$1.00 per share MONTREAL, Oct. 26, 2023 (GLOBE NEWSWIRE) — Theratechnologies Inc. (“Theratechnologies” or the “Company”) (Nasdaq: THTX; TSX: TH), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it has priced its previously announced public offering (the “Public Offering”) of 12,500,000 common shares of the Company (the “Common Shares”) at a public offering price of US$1.00 per Common Share (the “Offering Price”). The gross proceeds of the Public Offering are expected to be approximately US$12,500,000, before deducting the...

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H&R Block’s Annual ‘Outlook on American Life’ Report Provides Insight into Middle America and Factors Influencing the Nation’s Economy

The third annual report reveals there isn’t one middle America but rather two, Millennials and Baby Boomers KANSAS CITY, Mo., Oct. 26, 2023 (GLOBE NEWSWIRE) — Middle America looks remarkably different today than 20 years ago, according to the latest Outlook on American Life report from H&R Block (NYSE: HRB). Now in its third year, the report garners insights from the 20 million Americans who filed their taxes with H&R Block in 2023 to shed light on hardworking middle-income Americans and the less visible forces shaping the nation’s economy. This year’s research surfaced that there are, in fact, two middle Americas, not one, comprised of two distinct groups – Millennials and Baby Boomers. While these two middles differ in many aspects of life, they intersect in some unlikely areas. Analyzing insights from anonymized tax...

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Worksport Presents Uniquely Configured Bed Cover Model for Canadian Automotive Store Chain Following Recent $16 Million Annual Sales Agreement with U.S Brand

West Seneca, New York, Oct. 26, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that it has received interest from a leading Canada-based automotive aftermarket reseller for the Company’s hard-folding tonneau covers. The Company has already sent product samples to this reseller as well. The potential customer has an impressive annual sales volume surpassing $10 billion CAD. As it would be a private-label customer, the Company cannot disclose its name at this time. This interest comes on the heels of executing a $16 million USD annual sales agreement for its hard-folding and soft-folding covers with a leading U.S. aftermarket reseller earlier this year. Worksport is once again diligently working to grow and increase its revenues. Management believes that entering...

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Achieve Life Sciences to Announce Third Quarter 2023 Financial Results and Host Conference Call and Webcast on November 9, 2023

SEATTLE and VANCOUVER, British Columbia, Oct. 26, 2023 (GLOBE NEWSWIRE) — Achieve Life Sciences, Inc. (NASDAQ: ACHV), a late-stage clinical pharmaceutical company committed to the global development and commercialization of cytisinicline for smoking cessation and nicotine dependence, today announced it will report its third quarter 2023 financial results and provide an update on the cytisinicline development program on Thursday, November 9, 2023 at 4:30 PM EST. To access the webcast, please use the following link 3Q23 Earnings Webcast. Alternatively, you may access the live conference call by dialing (877) 269-7756 (U.S. & Canada) or (201) 689-7817 (International) and referencing conference ID 13741438. A webcast replay will be available approximately three hours after the call and will be archived on the website for 90 days. About...

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QIAGEN and Myriad Genetics partner to advance companion diagnostics development for cancer

Partnership covers development of lab-developed and distributable kit-based companion diagnostic tests Combined strengths in assay development, clinical testing, and regulatory approvals offers pharma partners comprehensive global companion diagnostic solutions based on PCR, digital PCR (using the QIAcuity system), and NGS Future projects may include advanced analysis and accessibility of measurable residual disease (MRD) and homologous recombination deficiency (HRD) assays to potentially improve cancer treatment decision-makingVENLO, The Netherlands, and SALT LAKE CITY, Oct. 26, 2023 (GLOBE NEWSWIRE) — QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) and Myriad Genetics (NASDAQ: MYGN) today announced a new master collaboration agreement to develop companion diagnostic tests in the field of cancer. The partnership aims to...

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TowneBank Reports Third Quarter 2023 Earnings

SUFFOLK, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) — TowneBank (the “Company” or “Towne”) (NASDAQ: TOWN) today reported earnings for the quarter ended September 30, 2023 of $44.86 million, or $0.60 per diluted share, compared to $50.17 million, or $0.69 per diluted share, for the quarter ended September 30, 2022. “We were pleased to deliver a solid performance for the quarter which reflected the strength of our core deposit franchise, diversified revenue model and robust capital levels. TowneBank continues to retain and grow its leading 28% deposit market share position in our home market in the Hampton Roads region, along with maintaining a top tier position in the Richmond, Raleigh, and Charlotte metropolitan markets, which validates our Main Street banking strategy. Average deposits were up $326 million...

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TransCode Therapeutics Announces Prolonged Survival in Murine Models with Glioblastoma Treated with Its Lead Candidate, TTX-MC138

Suggests potential to improve survival outcomes in patients with GBM BOSTON, Oct. 26, 2023 (GLOBE NEWSWIRE) — TransCode Therapeutics, Inc. (NASDAQ: RNAZ), the RNA oncology company committed to more effectively treating cancer using RNA therapeutics, today announced significantly improved survival in murine models bearing human glioblastoma multiforme (GBM) tumors treated with its lead therapeutic candidate, TTX-MC138. In this study, mice implanted with human GBM tumors treated with TTX-MC138 survived significantly longer than those in the control group. GBM is the most common and aggressive primary brain tumor in adults and has the highest mortality rate among all brain malignancies. In this study reported by TransCode, one group of mice implanted with human GBM tumors was treated with TTX-MC138 as an alternative to the standard-of-care...

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Kratos Defense & Security Solutions Schedules Third Quarter 2023 Earnings Conference Call for Thursday, November 2nd

SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the third quarter 2023 after the close of market on Thursday, November 2nd. Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call. For those who cannot access the live broadcast, a replay will be available on Kratos’ website. About Kratos Defense &...

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Harsco Environmental AgroSilicio Launches Low-Carbon Alternative Fertilizer

PHILADELPHIA, Oct. 26, 2023 (GLOBE NEWSWIRE) — Harsco Environmental, a division of Enviri Corporation (NYSE: NVRI), today announced the launch of a low-carbon alternative fertilizer in Brazil. Harsco Environmental will provide AgroSilicio to the Brazilian State of Minas Gerais to help it significantly decrease its carbon footprint. AgroSilicio is part of Harsco Environmental’s exclusive line of ecoproducts™ designed to revolutionize the repurposing of industrial by-products. This innovative solution relies heavily on using recycled steel slag and repurposing it as a calcium silicate-based product, AgroSilicio, which processes the characteristics of fertilizer and soil conditioner. The calcium silicate properties of AgroSilicio give the product its versatility. It can be used in numerous farming markets in agribusiness,...

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