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Month: May 2024

Foghorn Therapeutics Provides First Quarter 2024 Financial and Corporate Update

Dose escalation in FHD-286 combination trial in AML continues to progress with clinical data expected in the second half of 2024; potential to be a first-in-class oral broad-based differentiation therapeutic in AML IND filing submitted for FHD-909, a first-in-class oral BRM (SMARCA2) selective inhibitor; Phase 1 trial planned to begin in the second half of 2024 with primary target population in BRG1 mutated non-small cell lung cancer; first BRM selective inhibitor to enter the clinic IND-enabling studies for Selective CBP degrader program on track to begin by year-end 2024 Data presented at AACR support monotherapy activity and first-in-class potential for historically challenging targets including FHD-909, Selective CBP degrader and Selective EP300 degrader programs Cash, cash equivalents, and marketable securities of $206.7 million,...

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BioCryst Reports First Quarter 2024 Financial Results and Provides Business Update

—Q1 2024 ORLADEYO net revenue grows 30 percent y-o-y to $88.9 million— —Full-year 2024 ORLADEYO revenue guidance adjusted to $390-$400 million (top end of prior guidance range) — —Pipeline programs, including BCX17725 for Netherton syndrome and avoralstat for DME, advancing on schedule into clinical trials— RESEARCH TRIANGLE PARK, N.C., May 06, 2024 (GLOBE NEWSWIRE) — BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today reported financial results for the first quarter ended March 31, 2024, and provided a corporate update. “We are off to a fantastic start to the year with outstanding ORLADEYO revenue growth and our prioritized pipeline programs advancing on schedule. We are focused on continuing this momentum as we see strong patient demand for ORLADEYO and more pipeline programs advancing into the clinic, starting later this year,”...

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Axsome Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Update

Total 1Q 2024 net product revenue of $75.0 million, representing 160% year-over-year growth Auvelity® 1Q 2024 net product sales of $53.4 million, representing 240% year-over-year growth Sunosi® 1Q 2024 net product revenue of $21.6 million representing 64% year-over-year growth Contract executed with second large group purchasing organization (GPO) for potential coverage of Auvelity Positive pivotal Phase 3 trial results of AXS-12 in narcolepsy announced Topline results of ADVANCE-2 Phase 3 trial of AXS-05 in Alzheimer’s disease agitation and FOCUS Phase 3 trial of solriamfetol in ADHD both anticipated 2H 2024 ACCORD-2 Phase 3 randomized withdrawal trial of AXS-05 in Alzheimer’s disease agitation initiated; enrollment completion anticipated mid-year 2024 PARADIGM and ENGAGE Phase 3 trials of solriamfetol in major depressive disorder...

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LOBO EV Reports Fiscal Year 2023 Results and Sets Stage for Accelerating Growth in 2024

Net profit margin increased to 6.4% in 2023, up from 6.1% in 2022 Capital from IPO driving new customer acquisitions and production capacity expansion International expansion and innovative product launches position LOBO for growth in 2024 WUXI, China, May 06, 2024 (GLOBE NEWSWIRE) — LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its financial results for the fiscal year ended December 31, 2023. 2023 HighlightsGenerated $15.5 million revenue in 2023, down from $18.3 million in 2022 Operating expenses decreased to $1.4 million in 2023, down from $1.5 million in 2022 Net profit margin increased to 6.4% in 2023, up from 6.1% in 2022“In 2023, we navigated through several external challenges, yet our strategic initiatives, which capitalized...

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Quipt Home Medical Corp. to Announce Fiscal Second Quarter 2024 Financial Results on May 15, 2024

CINCINNATI, May 06, 2024 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (the “Company”) (NASDAQ: QIPT) (TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, will announce its fiscal second quarter 2024 financial results on Wednesday, May 15, 2024. Gregory Crawford, Chief Executive Officer, and Hardik Mehta, Chief Financial Officer, will host a conference call for the investment community on Thursday, May 16, 2024, at 10:00 a.m. (ET). The call-in numbers for participants are:  Canada/US Toll Free: 1 (844) 763 8274  International: 1 (647) 484 8814     A live webcast of the call will be accessible via the investor section of the Company’s website through the following link: www.quipthomemedical.com. ABOUT QUIPT HOME MEDICAL The Company provides in-home monitoring and disease management...

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Metasphere Labs Announces a Follow-Up Event Regarding Bitcoin’s Defi Revolution

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Metasphere Labs Inc. (“Metasphere” or the “Company“) (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is delighted to announce a follow-up event tailored for those who were unable to attend the initial sessions, in response to the overwhelming demand and overcapacity of our recent seminar on Bitcoin’s DeFi revolution. Additionally, the Company excited to open limited registration spots for new registrants eager to delve into the world of decentralized finance on the Bitcoin network. Interested individuals can sign up at the following URL: https://metasphere.earth/bitcoin-defi-seminar. Since the inception of the Company’s previous seminar, the interest and enthusiasm surrounding Bitcoin’s evolving capabilities have only intensified. It’s...

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ADC Therapeutics Announces $105 Million Underwritten Offering of Common Shares and Pre-Funded Warrants

LAUSANNE, Switzerland, May 06, 2024 (GLOBE NEWSWIRE) — ADC Therapeutics SA (NYSE: ADCT) today announced that it has agreed to sell, by way of an underwritten offering, 13,411,912 of its common shares at a price of $4.900 per share and, to certain investors who so choose in lieu of common shares, pre-funded warrants to purchase 8,163,265 common shares at a price of $4.812 per pre-funded warrant (being the offering price per common share in the offering minus the exercise price). The gross proceeds from the offering, before deducting the underwriting discount and offering expenses payable by the Company and assuming no exercise of the pre-funded warrants, are expected to be approximately $105.0 million. The offering is expected to close on May 8, 2024, subject to customary closing conditions. Jefferies, Guggenheim Securities and...

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Ocular Therapeutix™ to Present at Two Upcoming Investor Conferences

BEDFORD, Mass., May 06, 2024 (GLOBE NEWSWIRE) — Ocular Therapeutix, Inc. (NASDAQ:OCUL, “Ocular”, the “Company”), a biopharmaceutical company committed to enhancing people’s vision and quality of life through the development and commercialization of innovative therapies for wet age-related macular degeneration (wet AMD), diabetic retinopathy, and other diseases and conditions of the eye, today announced that it will participate at two investor conferences in May: Citizens JMP Life Sciences Conference Fireside Chat Date: Monday, May 13, 2024 Fireside Chat Time: 1:00 PM ET Location: New York, NY BofA Securities 2024 Health Care Conference Fireside Chat Date: Wednesday, May 15, 2024 Fireside Chat Time: 3:00 PM PTLocation: Las Vegas, NV A live webcast of the fireside chats at the Citizens JMP Life Sciences Conference and BofA Securities...

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Dime Announces Expansion in Williamsburg With Deposit-Focused Group

Dime continues to execute on growth plan HAUPPAUGE, N.Y., May 06, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that it has hired a deposit-focused Group that will cover the Williamsburg market. The Group will be led by John McDonough and Emanuel “Manny” Diconimakis. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, “We are excited to announce the addition of another talented deposit-focused Group in the strategically important market of Brooklyn. Dime, which was founded in Williamsburg in 1864, has always been a key part of the fabric of this vibrant neighborhood. It gives us great satisfaction...

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Annovis Bio CEO Maria Maccecchini Issues Letter to Stockholders

MALVERN, Pa., May 06, 2024 (GLOBE NEWSWIRE) — Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a clinical-stage drug platform company developing novel therapies for neurodegenerative diseases, announced that Maria Maccecchini, Founder, President, and CEO of Annovis, issued a letter to stockholders providing a review of Phase II/III data from its Alzheimer’s study and sharing next steps. Dear Friends, The last few days have been very difficult. I received a lot of emails and phone calls that often expressed anger, uncertainty, and disappointment. Additionally, our results were questioned and criticized. This reaction not only caused a drastic drop in our share price, but, more importantly, it saddened the Annovis team. We are determined to develop a drug that treats Alzheimer’s (AD) and Parkinson’s diseases (PD) and...

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