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Month: January 2024

Eledon Pharmaceuticals Highlights Recent Business Milestones and Provides 2024 Outlook

Reported updated data from ongoing Phase 1b trial in kidney transplantation demonstrating tegoprubart treatment successfully prevented kidney transplant rejection and was generally safe and well-tolerated  Dosed first participants in Phase 2 BESTOW trial in kidney transplantation  Tegoprubart dosed in second-ever pig to human xenotransplant procedure IRVINE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) — Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN) today announced a summary of 2023 accomplishments and provided guidance for anticipated upcoming 2024 milestones. 2023 Key HighlightsReported updated data from ongoing Phase 1b trial evaluating tegoprubart for prevention of rejection in kidney transplantation. Data from 11 trial participants demonstrated that tegoprubart was generally safe and well-tolerated in patients undergoing...

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Axogen Announces Plan for Leadership Transition with CEO Karen Zaderej to Retire from Company by January 2025

ALACHUA and TAMPA, Fla., Jan. 04, 2024 (GLOBE NEWSWIRE) — Axogen, Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerve injuries, today announced that President and Chief Executive Officer (CEO) Karen Zaderej plans to retire from the Company by January 2025. The Company’s Board of Directors will retain an executive recruitment firm to manage a search for her successor. When a new CEO is in place, Ms. Zaderej will step down from her executive post and Board duties and continue as a consultant to Axogen for an additional nine months to support the leadership transition and the submission process of the Biologics License Application (BLA) for Avance® Nerve Graft. While the transition is planned to be no later than Jan. 5, 2025, it could occur sooner depending on the timing...

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Axogen Announces Promotions on Research and Development Team

Company Also Announces Departure of Angelo Scopelianos, Ph.D. ALACHUA, Fla. and TAMPA, Fla., Jan. 04, 2024 (GLOBE NEWSWIRE) —  Axogen, Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerve injuries, today announced the promotions of three research and development team members. The promotions are:Erick DeVinney to Chief Innovation Officer Mr. DeVinney joined Axogen in April of 2007 as Director of Clinical Research. During his tenure, he has held positions of progressive responsibility in Clinical Research, Research and Development, Product Development, Medical Education, and Medical Affairs. Mr. DeVinney has more than 16 years of experience driving innovation in peripheral nerve injury diagnosis and repair, including clinical and regulatory development strategies, portfolio...

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PolyPid Announces Private Placement for $16 Million in Gross Proceeds

Financing Led by Leading U.S. Life Sciences-focused Investors PETACH TIKVA, Israel, Jan. 04, 2024 (GLOBE NEWSWIRE) — PolyPid Ltd. (Nasdaq: PYPD) (“PolyPid” or the “Company”), a late-stage biopharma company aiming to improve surgical outcomes, today announced that it has entered into a securities purchase agreement for a private placement financing (the “PIPE”) for $16.2 million in gross proceeds priced at the 5-day volume weighted average price as of January 2, 2024 of $4.81 per share. The PIPE syndicate is comprised of new and existing investors, including participation from new U.S. life sciences-focused investors, DAFNA Capital Management and Rosalind Advisors. Under the securities purchase agreement, the investors have agreed to purchase 3,371,312 of the Company’s ordinary shares, no par value per share (the “Ordinary Shares”),...

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Micron Solutions, Inc. Announces Completion of Stock Splits

FITCHBURG, Mass., Jan. 04, 2024 (GLOBE NEWSWIRE) — Micron Solutions, Inc. (OTC Pink Markets: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, announced today that it effected at 4:01 pm ET on January 4, 2024 a 1-for-1,000 reverse stock split (the “Reverse Stock Split”) of the Company’s Common Stock, which was immediately followed effective at 4:02 pm ET by a 1,000 to 1 forward stock split for the Company’s Common Stock (the “Forward Stock Split”, and with the Reverse Stock Split, the “Stock Splits”). The Company’s common stock has been assigned a new CUSIP number of 59511X 204. As a result of the Stock Splits, a stockholder of record owning fewer...

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Acumen Pharmaceuticals to Present at the 42nd Annual J.P. Morgan Healthcare Conference

CHARLOTTESVILLE, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) — Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers for the treatment of Alzheimer’s disease, announced today that management will present at the 42nd Annual J.P. Morgan Healthcare Conference taking place in San Francisco on Thursday, January 11, 2024, at 10:30 a.m. PT (1:30 p.m. ET). The live webcast may be accessed under the Investors tab on www.acumenpharm.com and will be archived for 90 days. About Acumen Pharmaceuticals, Inc. Acumen, headquartered in Charlottesville, VA, with additional offices in Indianapolis, IN and Newton, MA, is a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers...

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Compass Diversified Declares Fourth Quarter 2023 Distributions on Common and Series A, B and C Preferred Shares

WESTPORT, Conn., Jan. 04, 2024 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended December 31, 2023, is payable on January 25, 2024, to all holders of record of Common Shares as of January 18, 2024. The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, October 30, 2023, up to, but excluding, January 30, 2024. The distribution for such period is payable...

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Kura Sushi USA Announces Fiscal First Quarter 2024 Financial Results

IRVINE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) — Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal first quarter ended November 30, 2023. Fiscal First Quarter 2024 HighlightsTotal sales were $51.5 million, compared to $39.3 million in the first quarter of 2023; Comparable restaurant sales increased 3.8% for the first quarter of 2024 as compared to the first quarter of 2023; Operating loss was $2.8 million, compared to operating loss of $2.2 million in the first quarter of 2023; Net loss was $2.0 million, or $(0.18) per diluted share, compared to net loss of $2.1 million, or $(0.21) per diluted share, in the first quarter of 2023; Restaurant-level operating profit* was $10.1 million, or 19.5% of sales; Adjusted...

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Tecogen to Present at Sidoti Virtual Micro Cap Conference

WALTHAM, MA, Jan. 04, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce Abinand Rangesh, Tecogen’s Chief Executive Officer, will be presenting at the upcoming Sidoti Virtual Micro Cap Virtual Conference on January 17th at 10:45 AM Eastern. Investors and other interested individuals may access the virtual presentation at this link or register for the conference here at Sidoti Virtual Micro Cap Conference Registration One-on-One Meetings Tecogen will also be conducting one-on-one virtual meetings with qualified professional investors throughout the conference days of January 17th and 18th. To register and schedule a time with management, please follow this link: Sidoti Micro Cap Conference...

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Announcing The All-New 2024 Axis T220-r

The All-New T220-r | Everything You Need for $89,995*Built out of customer demand, the T220-r was built for crews who are new to boating, new to wake sports, or families looking to make the move to the fastest-growing wakeboat brand in the industry. Featuring the Wake Plus™ hull and industry-leading surf technology, Surf Gate®, the T220-r offers the same on-water performance Axis is known for at an approachable price for families & riders of all abilities, bar none. Equipped with factory-loaded rider presets on the sleek Axis Dash, perfect wakes & waves come easy, giving your crew everything you need to Go All Out® on the water this summer.*Price in USD, for United States only. Freight & Prep not included. See dealer for details.LOUDON, Tenn., Jan. 04, 2024 (GLOBE NEWSWIRE) — For 2024, Axis Wake™...

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