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Month: January 2025

WTW launches IMI Plus for clients in the United States

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business (Nasdaq: WTW), is pleased to announce that its Investment Management Insurance (IMI) Plus product is now available to U.S. clients. Previously launched in July 2024 for clients in the UK and Canada, this unified management and professional policy addresses the specific needs of asset managers, providing integrated protection and streamlined management across key risk categories. IMI Plus grants critical coverages—cyber liability, employment practices liability (EPL), directors’ and officers’ (D&O) liability, errors and omissions (E&O) liability, and crime—under one cohesive offering. By consolidating these coverages into one policy, asset managers can reduce administrative complexity while enhancing operational efficiency. The policy’s key benefits include:Multiple...

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Independent Bank Corporation Reports 2024 Fourth Quarter Results

Fourth Quarter Highlights Highlights for the fourth quarter of 2024 include:An increase in net interest income of $1.0 million (2.4%) over the third quarter of 2024; A net interest margin of 3.45% (eight basis point increase from the linked quarter) A return on average assets and a return on average equity of 1.39% and 16.31%, respectively; Net growth in loans of $96.5 million (or 9.7% annualized) from September 30, 2024; and The payment of a 24 cent per share dividend on common stock on November 15, 2024.GRAND RAPIDS, Mich., Jan. 23, 2025 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2024 net income of $18.5 million, or $0.87 per diluted share, versus net income of $13.7 million, or $0.65 per diluted share, in the prior-year period. For the year ended December 31, 2024, the Company...

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Cority Acquires Meddbase, Innovator in Occupational Health and Enterprise Practice Management Software

Market-leading clinical software to join the comprehensive Cority Health Cloud TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) — Cority, the global leader in enterprise Environmental, Health, and Safety (EHS) and Sustainability software, today announced its acquisition of Meddbase, a pioneer in cloud-native occupational medicine and enterprise medical practice management software solutions. This acquisition strengthens Cority’s 40-year commitment to the betterment of workforce well-being, accelerating the development of a comprehensive occupational health offering that improves employee outcomes and creates revenue growth opportunities for occupational health service providers. Founded in 2004, Meddbase was the first cloud-native clinical software solution designed for healthcare providers in the UK. The company has since expanded its...

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Valley National Bancorp Reports Fourth Quarter 2024 Results

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2024 of $115.7 million, or $0.20 per diluted common share, as compared to the third quarter 2024 net income of $97.9 million, or $0.18 per diluted common share, and net income of $71.6 million, or $0.13 per diluted common share, for the fourth quarter 2023. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $75.7 million, or $0.13 per diluted common share, for the fourth quarter 2024, $96.8 million, or $0.18 per diluted common share, for the third quarter 2024, and $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023. See further details below, including a reconciliation of our adjusted net...

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InflaRx Announces Participation in Guggenheim SMID Cap Biotech Conference

JENA, Germany, Jan. 23, 2025 (GLOBE NEWSWIRE) — InflaRx N.V. (Nasdaq: IFRX), a biopharmaceutical company pioneering anti-inflammatory therapeutics by targeting the complement system, today announced that it will participate in the Guggenheim SMID Cap Biotech Conference, to be held February 5 – 6, 2025 in New York, NY. About InflaRx InflaRx (Nasdaq: IFRX) is a biopharmaceutical company pioneering anti-inflammatory therapeutics by applying its proprietary anti-C5a and anti-C5aR technologies to discover, develop and commercialize highly potent and specific inhibitors of the complement activation factor C5a and its receptor C5aR. C5a is a powerful inflammatory mediator involved in the progression of a wide variety of inflammatory diseases. InflaRx’s lead product candidate, vilobelimab, is a novel, intravenously delivered, first-in-class,...

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BioPorto announces the publication of urinary NGAL reference ranges in healthy adult and pediatric individuals

News Release January 23, 2025 BioPorto announces the publication of urinary NGAL reference ranges in healthy adult and pediatric individuals COPENHAGEN, DENMARK, January 23, 2025 (GLOBE NEWSWIRE) – BioPorto, an in vitro diagnostics company focused on empowering the early detection of Acute Kidney Injury (AKI), announced today their publication of reference intervals using BioPorto’s NGAL immunoassay in healthy adult and pediatric individuals. The study was published in Diagnostics, an international, open-access, peer-reviewed journal and provides clinicians with a standardized comparison to evaluate NGAL levels ensuring broad clinical applicability in their patients. The publication of the reference range study results will be used by laboratories implementing NGAL assays from BioPorto as a baseline of healthy patient populations, a required...

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Barrick’s Twiga Partnership Drives Sustainable Value Creation in Tanzania’s Economy

All amounts expressed in US dollars unless stated otherwise BULYANHULU, Tanzania, Jan. 23, 2025 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has injected over $4.24 billion into the Tanzanian economy since establishing the Twiga joint venture with the government in 2019, contributing $888 million in 2024 alone. Twiga comprises the North Mara and Bulyanhulu gold mines. At a media briefing here today, Barrick president and chief executive Mark Bristow said the Twiga partnership remained a leader in Tanzania’s extractive industry, creating thousands of jobs, supporting local businesses and funding critical community projects. “We spent $573 million on national suppliers and service providers last year, representing about 83% of our total spend in-country. Additionally, 75% of all our payments to suppliers and...

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Draganfly Secures FAA Waiver for Drone Operations Over People and Moving Vehicles

Rare Urban Environment FAA Waiver Granted to Draganfly for Prescribed Flight Route Over Boston Saskatoon, SK, Jan. 23, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) ‎‎(“Draganfly” or the “Company”), a leader in drone technology and unmanned aerial vehicle (UAV) solutions, an industry-leading drone solutions and systems provider, announced today that it has secured a Federal Aviation Administration (FAA) waiver enabling its small unmanned aircraft (sUA) to conduct operations over human beings and moving vehicles. This waiver marks a significant milestone for Draganfly and highlights its commitment to advancing the capabilities of UAV operations in complex urban environments. The waiver, granted under 14 CFR §§ 107.39—Operations over human beings and 107.145—Operations over moving vehicles, allows Draganfly...

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Pluri Secures $6.5 Million Strategic Investment at Premium to Market, Enters Cacao Market Through Acquisition

Private placement of $6.5 million with a global investor and entrepreneur, Mr. Alejandro Weinstein, who will join Pluri’s Board of Directors Pluri to purchase approximately 71% of Kokomodo Ltd.’s shares, a leading AgTech company focused on the production of cacao, subject to shareholder approvalHAIFA, Israel, Jan. 23, 2025 (GLOBE NEWSWIRE) — Pluri Inc. (Nasdaq: PLUR) (TASE:PLUR) (“Pluri” or the “Company”), a leading biotechnology company leveraging its proprietary platform for cell-based solutions to create a collaborative network of ventures, today announced a $6.5 million strategic private investment (“the Investment”) led by global investor Alejandro Weinstein (the “Investor”), who will join Pluri’s Board of Directors. Concurrently, Pluri is acquiring a 71% stake in Kokomodo Ltd. (“Kokomodo”), an AgTech...

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Dime Community Bancshares, Inc. Reports Fourth Quarter 2024 Results

Strong Growth in Deposits, Business Loans and Capital Ratios on a Year-Over-Year Basis Net Interest Margin Expands by 29 basis points on a Linked Quarter Basis to 2.79% HAUPPAUGE, N.Y., Jan. 23, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $21.8 million for the year ended December 31, 2024, or $0.55 per diluted common share, compared to net income available to common stockholders of $88.8 million, or $2.29 per diluted common share, for the year ended December 31, 2023. Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Our fourth quarter results were marked by continued core deposit growth and Net Interest Margin (“NIM”) expansion....

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