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Day: December 19, 2024

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2024 Results

Fourth Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted)Revenue of $49.3 million, compared to $22.5 million Gross loss of $(10.9) million compared to $(1.5) million Loss from operations of $(41.0) million compared with $(36.4) million Net loss per share was $(2.21) compared with $(2.07)Fiscal Year 2024 Summary(All comparisons are year-over-year unless otherwise noted)Revenue of $112.1 million, compared to $123.4 million Gross loss of $(35.9) million compared to $(10.5) million Loss from operations of $(158.5) million compared with $(136.1) million Net loss per share was $(7.83) compared with $(7.92)DANBURY, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) —  FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its fourth quarter and fiscal year ended October 31, 2024. “In the...

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Microbix Reports Record Product Sales for Q4 and Fiscal 2024

Full-Year Revenues of $25.4 million and Net Income of $3.5 million MISSISSAUGA, Canada, Dec. 19, 2024 (GLOBE NEWSWIRE) — Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix®), a life sciences innovator, manufacturer, and exporter, reports results for its fiscal year and fourth quarter ended September 30, 2024 (“2024” and “Q4”) with record revenues, reflective of ongoing progress to increase sales from its diagnostic-test related ingredients and devices businesses and that resulted in material net income for 2024 and Q4. Management DiscussionResults for Q4 and 2024 show robust growth in sales of Microbix’s test ingredients (“Antigens”) and test quality assessment products (“QAPs™”), which were collectively up by 42% for 2024 versus prior year and 48% for Q4 versus prior year. The resulting 2024 revenues of C$25.4 million...

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Resolutions of the extraordinary general meeting of Enefit Green AS

The extraordinary general meeting of the shareholders of Enefit Green AS (hereinafter the Company) (registry code 11184032, located at Lelle 22, 11318 Tallinn, Harju county, Estonia) was held on 19 December 2024 at 09.00 (EET) at Lelle 22, Tallinn. The notice of calling the general meeting was published on 22 November 2024 in the stock exchange information system, on Company’s website and on 26 November 2024 in the daily newspaper Postimees. The list of shareholders entitled to vote at the general meeting was determined on 12 December 2024 at the end of the business day of the settlement system of Nasdaq CSD (Estonia). 48 shareholders participated at the meeting representing 217,297,145 votes or 82.22% of total share capital of the Company.The general meeting discussed and adopted the following resolution:1. Election of an independent...

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Oruka Therapeutics Announces First Participants Dosed in Phase 1 Trial of ORKA-001, its Novel Half-life Extended Anti-IL-23p19 Antibody

Pharmacokinetic and safety data from healthy volunteers anticipated in the second half of 2025 On track to initiate a proof-of-concept study in psoriasis in the second half of 2025, with initial efficacy data expected in the second half of 2026 Preclinical data with ORKA-001 demonstrate the potential for once- or twice-yearly dosing, a significant improvement over standard of care MENLO PARK, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) — Oruka Therapeutics, Inc. (“Oruka”) (Nasdaq: ORKA), a biotechnology company developing novel biologics designed to set a new standard for the treatment of chronic skin diseases including plaque psoriasis, today announced that it has initiated dosing of healthy volunteers in its first clinical trial of ORKA-001, the Company’s novel, subcutaneously administered, half-life extended monoclonal antibody...

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OTC Markets Group Welcomes Metaplanet Inc. to OTCQX

NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Metaplanet Inc. (TSE: 3350; OTCQX: MTPLF), Japan’s first publicly traded company on a Bitcoin standard, has qualified to trade on the OTCQX® Best Market. Metaplanet Inc. begins trading today on OTCQX under the symbol “MTPLF.” This marks an important milestone as the company expands access to global investors and reinforces its mission to drive Bitcoin adoption. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international...

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Nurix Therapeutics Receives U.S. FDA Fast Track Designation for NX-5948 for the Treatment of Relapsed or Refractory Waldenstrom’s Macroglobulinemia

Fast track designation follows positive Phase 1 data presented at the 12th International Workshop on Waldenstrom’s Macroglobulinemia SAN FRANCISCO, Dec. 19, 2024 (GLOBE NEWSWIRE) — Nurix Therapeutics, Inc. (Nasdaq: NRIX), a clinical stage biopharmaceutical company developing targeted protein modulation drugs designed to treat patients with cancer and inflammatory diseases, today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for NX-5948, a highly selective degrader of Bruton’s tyrosine kinase (BTK), for the treatment of adult patients with relapsed or refractory Waldenstrom’s macroglobulinemia (WM) after at least two lines of therapy, including a BTK inhibitor. “Fast Track designation for NX-5948 is an important recognition of the unmet patient need in Waldenstrom’s macroglobulinemia,...

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Lexeo Therapeutics Appoints Kyle Rasbach as Chief Financial Officer

NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) — Lexeo Therapeutics, Inc. (Nasdaq: LXEO), a clinical stage genetic medicine company dedicated to pioneering treatments for genetically defined cardiovascular diseases and APOE4-associated Alzheimer’s disease, today announced that Dr. Kyle Rasbach has been appointed Chief Financial Officer, effective immediately. Dr. Rasbach brings a wealth of life sciences experience to the company and joins ahead of multiple anticipated catalysts across its gene therapy programs. “Kyle has an exceptional track record as an operator and life sciences portfolio manager, and we are excited to welcome him to Lexeo at a time when we are advancing our pipeline and transitioning towards pivotal studies,” said R. Nolan Townsend, Chief Executive Officer of Lexeo Therapeutics. “His experience in strategic planning,...

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Bio-Path Holdings Announces Preclinical Testing of BP1001-A as Potential Treatment for Obesity in Type 2 Diabetes Patients Enhances Insulin Sensitivity

Preclinical Studies Confirmed BP1001-A Mechanism of Action and Therapeutic Potential in Obesity and Type 2 Diabetes HOUSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) — Bio-Path Holdings, Inc., (NASDAQ:BPTH), a biotechnology company leveraging its proprietary DNAbilize® liposomal delivery and antisense technology to develop a portfolio of targeted nucleic acid cancer drugs, today reported that results from preclinical studies of BP1001-A for obesity demonstrated enhanced insulin sensitivity, confirming BP1001-A as a potential treatment for obesity and related metabolic diseases in Type 2 diabetes patients. BP1001-A downregulates growth factor receptor-bound protein 2 (Grb2) expression to increase insulin sensitivity and helps lower blood glucose level in Type 2 diabetes patients. Scientific evidence suggests that by downregulating Grb2 expression,...

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Conavi Medical Reports Fiscal 2024 Financial Results and Operational Highlights

– Completed US$7.7 million financing and reverse takeover to take Company public – Chinese partner achieved regulatory approval, setting stage for royalty stream and triggering US$5.9 million payment, enabling Company to fully repay debt to that partner – U.S. FDA submission of Novasight 3.0 system on track for calendar 2025 TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) — Conavi Medical Corp. (TSXV: CNVI) (“Conavi Medical” or the “Company”), a commercial stage medical device company focused on designing, manufacturing, and marketing imaging technologies to guide common minimally invasive cardiovascular procedures, today reported financial results for the fiscal year ended September 30, 2024. These results are presented in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. “With...

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Nevada Lithium Announces Conditional Approval of TSX Venture Exchange Uplisting

VANCOUVER, British Columbia, Dec. 19, 2024 (GLOBE NEWSWIRE) — Nevada Lithium Resources Inc. (“Nevada Lithium” or the “Company“) (CSE: NVLH; OTCQB: NVLHF; FSE: 87K) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “TSXV”) for the listing of its common shares (the “Shares”) on the TSXV, subject to completion of customary requirements of the TSXV, including receipt of all required documentation. Once final approval is received, the Shares will commence trading on the TSXV and will be delisted from the Canadian Securities Exchange (the “CSE”). Upon listing on the TSXV, it is expected that the Shares will continue to trade under the ticker symbol “NVLH”. The Company is pursuing a listing on the TSXV to enhance its investor profile as a part of its capital markets...

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