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Day: November 22, 2024

HUTCHMED Announces Launch by Takeda of FRUZAQLA® (fruquintinib) in Japan

— Launch follows approval by Japanese Ministry of Health, Labour and Welfare in September 2024 — — Milestone payment to be made to HUTCHMED from Takeda — — Fruquintinib already launched in several regions including the United States, Europe and China — HONG KONG, SHANGHAI & FLORHAM PARK, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM; HKEX:13) today announces that it will receive a milestone payment following the pricing approval and launch of FRUZAQLA® (fruquintinib) 1mg/5mg capsules in Japan by its partner Takeda (TSE:4502/​NYSE:TAK) for patients with previously treated metastatic colorectal cancer (“CRC”). This follows approval for the manufacturing and marketing of FRUZAQLA® by the Japanese Ministry of Health, Labour and Welfare. FRUZAQLA® is the first novel oral targeted therapy...

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LifeWallet Announces a $2 Million Pharmaceutical Litigation Settlement and Ongoing Settlement Negotiations with Multiple P&C Insurers, Pharmaceutical and Medical Device Manufacturers, While Advancing Efforts to Combat Systemic Medicare Waste, Which Aligns With Initiatives of the Newly-Formed Department of Government Efficiency (DOGE)

MIAMI, Nov. 21, 2024 (GLOBE NEWSWIRE) — MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or the “Company”) announces it reached a preliminary $2 million settlement as part of its portfolio of pharmaceutical litigation cases, while engaging in ongoing settlement negotiations with other pharmaceutical and medical device manufacturers, as well as property and casualty (“P&C”) insurers. LifeWallet also recently entered into an agreement with one of the Company’s lenders, securing a limited waiver of the Company’s obligation to pay a promissory note, which is expected to provide additional liquidity to the Company. LifeWallet CEO, John H. Ruiz, is confident in the Company’s continued progress, saying, “Our commitment to discovering waste and recovering improper healthcare payments will continue to have a positive...

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Verizon offers relief to customers impacted by the major Pacific Northwest storm

Call/Text/Data usage incurred by customers in Washington’s hardest hit counties will be waived from Nov. 21-Nov. 27 What you need to know:Verizon is waiving domestic call/text/data usage incurred Nov. 21 – Nov. 27 for prepaid and postpaid consumer and small business customers* in King, Skagit and Snohomish countiesIRVINE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) — In response to the powerful storm that caused power outages and damage across Washington, Verizon is waiving prepaid and postpaid call/text/data usage incurred from November 21 – November 27, for Washington’s residents in King, Skagit and Snohomish counties. This will bring relief to the thousands of consumer and small business customers* who rely on their mobile devices now more than ever. Verizon’s prepaid brands, including Straight Talk, Tracfone, Total...

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SL Green Realty Corp. Announces Pricing of 5,063,291 Shares of Common Stock

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) — SL Green Realty Corp. (the “Company”) (NYSE: SLG) announced today that it priced an underwritten public offering of 5,063,291 shares of its common stock, par value $0.01 per share (the “Common Stock”), at a price to the public of $79.00 per share. In connection with the offering, the Company has granted the underwriters an option to purchase up to an additional 759,493 shares of Common Stock during the next 30 days. The offering is expected to close on November 25, 2024, subject to customary closing conditions. The Company intends to use net proceeds from the offering for general corporate purposes, which may include new debt and equity investment opportunities and the repayment of a portion of its outstanding indebtedness. Wells Fargo Securities, J.P. Morgan, TD Securities, BMO Capital...

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Lead Real Estate Co., LTD. Reports Higher Revenues and Net Income, on the Strength of Rising Real Estate Sales, for the Fiscal Year ended on June 30, 2024

TOKYO, Nov. 21, 2024 (GLOBE NEWSWIRE) — Lead Real Estate Co., LTD. (Nasdaq: LRE), (“LRE” or the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, and which develops and operates the ENT TERRACE brand of extended-stay hotels, today announced financial results demonstrating top line and bottom line year-over-year growth for the fiscal year ended June 30, 2024. Total Revenue was JPY18.9 billion for the fiscal year ended June 30, 2024, from JPY17.4 billion for the fiscal year ended June 30, 2023. The major revenue component, Real Estate Sales, increased to JPY18.5 billion from JPY17.1 billion, 8.1% year over year, in the fiscal year ended June 30, 2024. Significant revenue developments in the fiscal year ended...

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Meritage Homes Announces Quarterly Cash Dividend and $250M Increase to Share Repurchase Authorization

SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This dividend is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024. Meritage also announced that its Board of Directors has approved a $250 million increase to the Company’s share repurchase authorization. This increase combined with $15 million in systematic buybacks on a quarter to date basis brings the Company’s total authorized share repurchase program to $334 million as of November 21, 2024. About Meritage Homes Corporation Meritage is the fifth-largest public homebuilder in the United States, based on homes closed...

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