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Day: March 18, 2025

Canadian Net REIT Announces 2024 Fourth-Quarter Results

REIT also announces monthly distributions for Q2 2025 MONTRÉAL, March 18, 2025 (GLOBE NEWSWIRE) — Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended December 31st, 2024 (“Q4 2024”). The REIT also announced distributions for the months of April, May and June 2025. “We are very pleased with the achievements we made with our capital recycling initiatives during the year, which will materialize in 2025″ said Kevin Henley, President and CEO of the REIT. “As we close the year, we can clearly state that 2024 was a pivot year for CNET. The proceeds from the sale of five gas station properties in 2024 were successfully reinvested into four high-quality, necessity-based retail properties leased to national triple-A tenants. Three of these acquisitions...

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Tonix Pharmaceuticals Reports Fourth Quarter and Full Year 2024 Financial Results and Operational Highlights

August 15, 2025, is the FDA PDUFA goal date for TNX-102 SL for the management of fibromyalgia; If approved, TNX-102 SL would become the first new drug for treating fibromyalgia in more than 15 years Company expects to have sufficient cash to fund planned operations beyond the FDA PDUFA goal date and anticipated fourth quarter 2025 launch of TNX-102 SL for fibromyalgia; $98.8 million in cash as of December 31, 2024 Announced positive topline results from Phase 1 study of TNX-1500, a next generation anti-CD40L mAb candidate for prevention of kidney transplant rejection and treatment of autoimmune diseases Received government grant for potential mpox vaccine, TNX-801, which has demonstrated single-dose immune protection against a monkeypox challenge in non-human primates Received first payments from U.S. Department of Defense (DoD) contract...

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Micron Innovates From the Data Center to the Edge With NVIDIA

Micron HBM3E 12H and LPDDR5X-based SOCAMM solutions designed to unlock full potential of AI platforms SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC 2025 — Secular growth of AI is built on the foundation of high-performance, high-bandwidth memory solutions. These high-performing memory solutions are critical to unlock the capabilities of GPUs and processors. Micron Technology, Inc. (Nasdaq: MU), today announced it is the world’s first and only memory company shipping both HBM3E and SOCAMM (small outline compression attached memory module) products for AI servers in the data center. This extends Micron’s industry leadership in designing and delivering low-power DDR (LPDDR) for data center applications. Micron’s SOCAMM, a modular LPDDR5X memory solution, was developed in collaboration with NVIDIA to support the NVIDIA...

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Kalaris Announces Closing of Merger with AlloVir

Kalaris is focused on developing TH103, a novel, differentiated anti-VEGF agent engineered to potentially provide longer-lasting and increased anti-VEGF activity to treat neovascular and exudative diseases of the retina Currently enrolling nAMD patients in a Phase 1 trial, with initial data from Part 1 of the trial expected in the second half of 2025 Post-transaction cash of approximately $100 million expected to fund operations into the fourth quarter of 2026 Shares expected to trade on Nasdaq under “KLRS”, effective March 19, 2025 PALO ALTO, Calif., March 18, 2025 (GLOBE NEWSWIRE) — Kalaris Therapeutics, Inc. (Nasdaq: KLRS)(“Kalaris”), a clinical-stage biopharmaceutical company dedicated to the development and commercialization of treatments for prevalent diseases of the retina, today announced the completion of its previously...

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Waldencast Reports Q4 2024 and Fiscal Year 2024 Financial Results

Q4 Net Revenue of $72.1 million, 29.4% Comparable Net Revenue Growth and $11.2 million of Adjusted EBITDA, doubling from Q4 2023 FY 2024 Net Revenue of $273.9 million, 27.5% Comparable Net Revenue Growth and $40.3 million of Adjusted EBITDA Obagi Medical is the fastest growing professional skincare brand1 in the US in 2024 Milk Makeup expands its distribution to Ulta Beauty Waldencast secures a new $205 million credit facility, replacing the current one, enhancing flexibility and extending debt maturity LONDON, March 18, 2025 (GLOBE NEWSWIRE) — Waldencast plc (NASDAQ: WALD) (“Waldencast” or the “Company”), a global multi-brand beauty and wellness platform, today reported operating results for the three months ended December 31, 2024 (“Q4 2024”) and the year ended December 31, 2024 (the “Year Ended 2024”) on Form 6-K to the U.S....

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EuroHoldings Ltd. Announces Successful Completion of its Spin-Off from Euroseas Ltd.

ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) — EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”), an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it has completed its spin-off from Euroseas Ltd. The Company’s shares commenced trading as of March 18, 2025, on the NASDAQ Capital Market under the symbol “EHLD.” Aristides Pittas, Chairman and CEO of EuroHoldings commented: “We are extremely excited with the spin-off of Euroseas’ oldest containerships into a separate publicly listed company, EuroHoldings Ltd. We believe that this transaction will create further value for the shareholders of both Euroseas and EuroHoldings by allowing each company to pursue its own investment strategy, providing additional options to its shareholders. “Euroseas will continue...

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Aterian Reports Fourth Quarter & Full Year 2024 Results

Introduces Annual Guidance for 2025Announces $3 Million Share Repurchase Program SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a technology-enabled consumer products company, today announced financial results for the fourth quarter and full year ended December 31, 2024. “Aterian’s results for 2024 reflect our team’s success in executing a strategy to focus, stabilize, and simplify our operations in preparation for a resumption of growth and improved operating performance, ” said Arturo Rodriguez, Chief Executive Officer. “Our decision to rationalize SKUs and focus on the Company’s six foundational brands generated material improvements in gross margin and contribution margin, and narrowed our losses significantly compared to 2023,” continued Mr. Rodriguez. “We improved...

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Maravai Lifesciences Reports Fourth Quarter and Full Year 2024 Financial Results

Schedules Conference Call for Thursday, March 20, 2025 SAN DIEGO, March 18, 2025 (GLOBE NEWSWIRE) — Maravai LifeSciences Holdings, Inc. (Maravai) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, today reported financial results for the fourth quarter and full year ended December 31, 2024, together with other business updates. The company also expects to file its Annual Report on Form 10-K for the year ended December 31, 2024, with the Securities and Exchange Commission today. Upon filing, a copy of the annual report will be available on Maravai’s website, www.maravai.com, by selecting “Investors” and then “SEC Filings.” Key Financial Results:Quarterly revenue of $56.6 million, Net loss of $(46.1) million, and Adjusted EBITDA (non-GAAP) of $(1.1) million; and Annual...

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Absci Reports Business Updates and Fourth Quarter and Full Year 2024 Financial and Operating Results

Unveiled updates across proprietary pipeline and demonstrated new breakthroughs by AI platform at 2024 R&D Day Entered into collaboration with AMD, including $20 million strategic investment in Absci Achieved 2024 outlook for drug creation partnerships through collaborations with Owkin, Twist Bioscience, Invetx, and Memorial Sloan Kettering Cancer Center Cash, cash equivalents, and short-term investments sufficient to fund operations into the first half of 2027 VANCOUVER, Wash. and NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) — Absci Corporation (Nasdaq: ABSI), a data-first generative AI drug creation company, today reported financial and operating results for the quarter and full year ended December 31, 2024. “Looking back on 2024, it is inspiring to see the significant progress our AI Integrated Drug Creation platform...

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Olema Oncology Reports Fourth Quarter and Full Year 2024 Financial and Operating Results

Pivotal Phase 3 OPERA-01 trial of palazestrant as a monotherapy in patients with 2/3L metastatic breast cancer on track for top-line data in 2026 Pivotal Phase 3 OPERA-02 trial of palazestrant in combination with ribociclib in patients with frontline metastatic breast cancer enabled by new Novartis collaboration and $250 million equity private placement; trial on track for initiation this year Promising updated results from the ongoing Phase 1b/2 study of palazestrant in combination with ribociclib in patients with ER+/HER2- advanced or metastatic breast cancer presented at SABCS in December 2024; updated mPFS presented at the TD Cowen Health Care Conference in March 2025; mature data expected to be presented this year at a major medical meeting OP-3136 Phase 1 trial initiated before the end of 2024; patients now enrolling Ended 2024...

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