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Cogent Biosciences Reports Recent Business Highlights and First Quarter 2026 Financial Results

– Planning for dual launches of bezuclastinib in Systemic Mastocytosis and Gastrointestinal Stromal Tumors (GIST) – Pivotal data from Phase 3 PEAK trial in GIST patients selected for oral presentation at 2026 ASCO annual meeting  – Ended 1Q 2026 with $866.4 million in cash, sufficient to fund operations into 2028 WALTHAM, Mass. and BOULDER, Colo., May 05, 2026 (GLOBE NEWSWIRE) — Cogent Biosciences, Inc. (Nasdaq: COGT), a biotechnology company focused on developing precision therapies for genetically defined diseases, today provided a business update and announced financial results for the first quarter ended March 31, 2026. “2026 is shaping up to be a pivotal year for Cogent,” said Andrew Robbins, Cogent’s President and Chief Executive Officer. “We have two NDAs for bezuclastinib under FDA review and expect to...

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Global Indemnity Group, LLC Reports First Quarter 2026 Financial Results

Operating Income of $8.3 Million and Current Accident Year Combined Ratio of 94.9% Demonstrate Continued Underlying Underwriting Profitability on 5.4% Growth in Net Earned Premiums WILMINGTON, Del., May 05, 2026 (GLOBE NEWSWIRE) — Global Indemnity Group, LLC (Nasdaq: GBLI) (the “Company”) today reported financial results for the three months ended March 31, 2026. Operating income was $8.3 million, or $0.57 per share, compared to an operating loss of $4.1 million, or ($0.30) per share in 2025. Net income available to common shareholders was $4.1 million, or $0.29 per share, compared to a net loss of $4.1 million, or ($0.30) per share in 2025. Current accident year underwriting income increased to $5.5 million in 2026, growth of 4% over 2025 excluding the California Wildfires, with a 54.8% loss ratio and a 94.9% combined...

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Minerva Neurosciences Provides First Quarter 2026 Financial Results and Business Updates

Confirmatory Phase 3 trial of roluperidone for negative symptoms of schizophrenia initiated and first patient screened Previous open label trial data presented at SIRS 2026 showed no safety or drug–drug interaction concerns with roluperidone and olanzapine Roluperidone remains the only late-stage drug candidate for this high-need population BURLINGTON, Mass., May 05, 2026 (GLOBE NEWSWIRE) — Minerva Neurosciences, Inc. (Nasdaq: NERV), a clinical-stage biopharmaceutical company focused on the development of therapies to treat central nervous system disorders, today reported financial and business updates for the first quarter ended March 31, 2026. Business Updates Roluperidone – potentially the First Treatment for Negative Symptoms of SchizophreniaMinerva initiated its global confirmatory Phase 3 clinical trial of roluperidone...

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Spyre Therapeutics Reports First Quarter 2026 Financial Results and Provides Corporate Update

Announced positive topline induction data from Part A of the Phase 2 SKYLINE trial of SPY001, demonstrating best-in-class efficacy potential and a safety profile consistent with the α4β7 class  Announced over-enrollment and acceleration of topline readout to the third quarter of 2026 of the rheumatoid arthritis (“RA”) sub-study of the Phase 2 SKYWAY basket trial Remain on track for 6 proof-of-concept readouts in 2026 across the SKYLINE and SKYWAY Phase 2 trials Further strengthened the balance sheet with $463 million gross proceeds from an underwritten public offering ofcommon stock $1.2 billion in pro forma cash, cash equivalents, and marketable securities as of March 31, 2026, with expected runway into the second half of 2029 WALTHAM, Mass., May 05, 2026 (GLOBE NEWSWIRE) — Spyre Therapeutics, Inc. (“Spyre” or the “Company”) (NASDAQ:SYRE),...

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Portillo’s Inc. Announces First Quarter 2026 Financial Results

OAK BROOK, Ill., May 05, 2026 (GLOBE NEWSWIRE) — Portillo’s Inc. (“Portillo’s” or the “Company”) (NASDAQ: PTLO), the one-of-a-kind restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the first quarter ended March 29, 2026. First Quarter 2026 Performance Highlights (vs. First Quarter 2025):Total revenue of $182.6 million, an increase of 3.5% or $6.2 million Same-restaurant sales decrease of -0.1% Operating income of $4.5 million, a decrease of $5.9 million Net loss of $0.5 million, a decrease of $4.5 million from net income of $4.0 million Restaurant-Level Adjusted EBITDA(1) of $34.8 million, a decrease of $1.8 million Adjusted EBITDA(1) of $18.5 million, a decrease of $2.8 million(1) Restaurant-Level Adjusted EBITDA and Adjusted EBITDA are non-GAAP measures. Please see definitions...

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Virtuix to Lead Infantry Training Project for U.S. Marine Corps

Multi-User VR Training System Will Incorporate Four Omni One Treadmills and Representative Weapons for Infantry Fire Team Drills Program Highlights Growing Demand for Full-Body VR Training Across the U.S. Military AUSTIN, Texas, May 05, 2026 (GLOBE NEWSWIRE) — Virtuix Inc. (NASDAQ: VTIX), a leading developer of full-body virtual reality (VR) systems, today announced that the U.S. Marine Corps Training and Education Command (“TECOM”) is collaborating with Virtuix, through its strategic partner KBR, as the lead integrator for the operational assessment of a multi-user virtual infantry training system. The project will incorporate four Omni One omni-directional treadmills, enabling a fire team of four Marines to walk, run, crouch, and maneuver together without boundaries in a shared virtual environment. By adding natural movement,...

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Ocugen, Inc. Announces Pricing of $115 Million of 6.75% Convertible Senior Notes

MALVERN, Pa., May 05, 2026 (GLOBE NEWSWIRE) — Ocugen, Inc. (“Ocugen”) (NASDAQ: OCGN) today announced the pricing of $115 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Ocugen also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $15 million aggregate principal amount of the notes. The sale of the notes to the initial purchaser is expected to close on May 7, 2026, subject to customary closing conditions, and is expected to result in approximately $99.5 million (or approximately $112.6 million if the initial purchaser exercises its option to purchase additional notes in full) in net proceeds...

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Elkhart Clinic Joins American Oncology Network, Becomes Elkhart Hematology and Oncology

ELKHART, Ind., May 05, 2026 (GLOBE NEWSWIRE) — Elkhart Clinic’s hematology and oncology practice has joined American Oncology Network (AON), one of the nation’s fastest-growing networks of community-based oncology practices. The practice, located at 2117 W. Lexington Ave., will now be known as Elkhart Hematology and Oncology. This partnership enables Ahsanul Haque, MD, and Charisse Prall, FNP-BC, to expand patient-focused services, enhance access to clinical trials and pursue new growth opportunities while continuing to deliver the high-quality, compassionate care that has defined the practice since its founding.Dr. Haque is a Board-certified medical oncologist and hematologist who earned his medical degree from Dow Medical College. He completed his residency and fellowship training in hematology and oncology at Maimonides Medical...

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red violet to Present at the 26th Annual B. Riley Securities Investor Conference

BOCA RATON, Fla., May 05, 2026 (GLOBE NEWSWIRE) — Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will present at the 26th Annual B. Riley Securities Investor Conference being held May 20-21, 2026 at The Ritz-Carlton, Marina del Rey. Derek Dubner, Chief Executive Officer, and Dan MacLachlan, Chief Financial Officer, will present and host investor meetings on May 20, 2026. About red violet®At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including...

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NanoXplore Launches xGnP™ D500-HP, High-Purity Graphene to Replace Conventional Conductive Additives

MONTREAL, May 05, 2026 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore” or the “Company”) (TSX: GRA and OTCQX: NNXPF) today announced the launch of xGnP™ D500-HP, a high-purity graphene powder engineered for highly conductive applications, including but not limited to energy storage, conductive composites, and advanced electronics. The D500-HP is the latest demonstration of the Company’s ability to develop graphene materials to meet the needs of specific end-uses. D500-HP is produced via NanoXplore’s proprietary dry-process manufacturing platform, with verified purity of 99.8% at full commercial volumes. With a surface area of 500 m²/g, at the high end of commercial-scale graphene powders, D500-HP delivers electrical conductivity and static-dissipation (ESD) performance comparable to leading...

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