Albertsons Media Collective Selects Capgemini as its Global Agency Partner for Media Planning, Media Operations and Content Creation

Capgemini’s intelligent process automation and generative AI expertise will streamline workflows and enhance campaign performance for Albertsons Media Collective

LAS VEGAS, Jan. 10, 2024 (GLOBE NEWSWIRE) — Albertsons Media Collective, the retail media arm for Albertsons Companies, Inc. (NYSE:ACI), and leading business and technology transformation company Capgeminitoday announced a new agreement for media planning, media operations and content creation.

As its global business partner, Albertsons Media Collective will leverage Capgemini’s intelligent process automation technology, underpinned by robotic process automation (RPA) and generative artificial intelligence (AI), to unlock deep learning insights for media planning and real-time creative optimizations. As part of the partnership, Capgemini will implement industry-leading technology to automate and enhance operations for media planning, activation workflows and creative versioning, as well as insights for live campaign optimizations.

“The advertising industry is ripe with potential to integrate AI, and we see a massive opportunity to leverage process automation to streamline our workflows, drive enhanced campaign performance and accelerate speed to market,” said Kristi Argyilan, SVP of Retail Media for Albertsons Media Collective. “Partnering with a digital transformation pioneer like Capgemini will enable us to empower our employees to focus their time on higher level tasks, while simultaneously providing more flexibility, efficiency and performance for our clients.”

Capgemini anticipates that leveraging digital technologies will enable Albertsons Media Collective and its clients to achieve a 20 percent faster speed to market. Additionally, the collaboration with Capgemini enables Albertsons Media Collective to provide its clients with greater flexibility, efficiencies and campaign performance.

“We’re thrilled to be partnering with Albertsons Media Collective, to deliver on their priority business outcomes accelerating speed to market and bringing brands and customers together efficiently,” said Ted Levine, Managing Director of Consumer Products, Retail and Services for Capgemini Americas. “By leveraging digital and AI technology to keep a pulse on ever-evolving shifts in consumer behavior, Albertsons Media Collective can enable brands to pivot their strategies in real-time and adjust to changing consumer preferences.”

About Albertsons Media Collective
Albertsons Media Collective is a next-generation retail media network rooted in connections, technology and innovation. As the retail media arm for Albertsons Companies, one of the largest food and drug retailers in the United States, we connect with consumers in more than 2,200 locations across 34 states and the District of Columbia. Through a companywide focus on innovation, we partner with leading brands to help them engage shoppers when and where it matters most, with the power of sophisticated first-party data. From innovative delivery platforms to privacy-conscious marketing solutions, we offer our clients a variety of programs designed to drive retail sales and maximize brand impact to best serve our customers.

To learn more about Albertsons Media Collective, please visit https://albertsonsmediacollective.com.

About Capgemini
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 350,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2022 global revenues of €22 billion.

Get The Future You Want | www.capgemini.com

Media Contacts:
Albertsons Media Collective
Kristen Morquecho, Kristen.morquecho@digennaro-usa.com

Capgemini
Julia Zimmerman, julia.zimmerman@capgemini.com

GlobeNewswire Distribution ID 9015769

[INVNT GROUP]™ the Global Brand Storytelling Agency Portfolio, Expands to South Asia Opening Tenth Office in Mumbai, India

Mumbai, India, Jan. 10, 2024 (GLOBE NEWSWIRE) — [INVNT GROUP] The Global BrandStory Project™, announces its expansion into South Asia opening its tenth office across seven countries in Mumbai, India. The move aligns with the Group’s vertical and horizontal growth strategy, which supports the increasing demand for innovative brand storytelling in one of the fastest-growing markets including Tata Motors, Hitachi Vantara, Samsung, Amazon, Unilever, Sun Pharmaceutical, and more.

With a significant presence already established in key locations such as New York, London, Sydney, Singapore, Dubai, San Francisco, Detroit, Washington D.C, and Stockholm, the addition of Mumbai to [INVNT GROUP]’s global footprint marks another step in bolstering its services to both local and multinational clients.

“We are excited to extend our reach and expertise to South Asia, a region that is rapidly emerging as a hub for technological and marketing communications innovation. Establishing a base in Mumbai is not solely a strategic decision but also a response to our client’s growing needs to engage and build wider and deeper communities. It reinforces our commitment to delivering impactful brand stories globally and locally, catering to the unique challenges and opportunities in the region. Our goal is to create unparalleled brand experiences that resonate deeply with local audiences and set new standards in creativity and strategic execution on the global stageWe’re also thrilled to welcome Laveesh Pandey, who joins our team with the perfect experience to drive the group’s expansion in the region,” said Scott Cullather, President & CEO of [INVNT GROUP], and CEO of INVNT.ATOM.

Laveesh Pandey has been appointed Managing Director of [INVNT GROUP] South Asia, reporting into Scott Cullather and Kristina McCoobery, INVNT CEO and [INVNT GROUP], COO. Pandey, previously Chief Operating Officer at Starlight Gaming, joins the global agency with over two decades of experience in the Media & Entertainment industry. Having held key positions at MindShare, Reliance Entertainment, Zapak Digital Entertainment and Clockwork Events, Pandey brings a deep knowledge of technology, gaming, experiential marketing, and advertising, with his award-winning leadership powering transformative B2B and B2C brand experiences.

“I am elated to lead [INVNT GROUP]’s expansion into South Asia, particularly in the dynamic and crowded Indian market. Brands in this region are eager for innovative ways to stand out, and we are here to deliver a blend of global best practices with deep local insights. In a world that is rapidly evolving, our focus is on connecting brands with their most important communities and audiences in meaningful, authentic, and engaging ways. With [INVNT GROUP]’s diverse capabilities, we are set to redefine brand storytelling in the vibrant South Asian market, creating real impact through the next great era of brand engagement in this region,” said Laveesh Pandey, Managing Director of [INVNT GROUP] South Asia.

INVNT™ also welcomes Abhishek Pandey as Producer (previously Senior Manager of Operations & Client Relations at MidasNext Media), and Varun Parashar as Manager of Account Services (previously Marketing & Community Lead at Starlight Gaming).

With this expansion, [INVNT GROUP] continues to uphold its vision of engaging audiences everywhere by crafting compelling and impactful brand stories across all platforms.

For more information, please visit [INVNT GROUP].

###

ABOUT [INVNT GROUP]
[INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ is a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere, with offices in New York, London, Sydney, Singapore, Dubai, San Francisco, Mumbai, Stockholm, Detroit, and Washington D.C. Led by President and CEO, Scott Cullather, [INVNT GROUP]™ was established as a growing evolution of the live global brand storytelling agency INVNT™, with a vision to provide engaging, well-articulated, impactful brand stories across all platforms.

The GROUP consists of: modern brand strategy firm, Folk Hero™; creative-led culture consultancy, Meaning; production studio & creative agency, HEVĒ™; events for colleges and universities, INVNT Higher Ed; digital innovation division, INVNT.ATOM™; creative multimedia experience studio, Hypnogram™ITP Live (Any Venue Video, Thunder Audio, In Sync), portfolio of full-service production for live entertainment; and the original live global brand storytelling agency, INVNT.

Attachment

Jhonathan Mendez de Leon
[INVNT GROUP]
Jmendezdeleon@invnt.com

GlobeNewswire Distribution ID 9015785

Junshi Biosciences Announces Publication of Results from TORCHLIGHT, a Randomized Phase 3 Trial of Toripalimab for the Treatment of Metastatic or Recurrent Triple-negative Breast Cancer in Nature Medicine

SHANGHAI, China, Jan. 09, 2024 (GLOBE NEWSWIRE) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced the publication of results from TORCHLIGHT (NCT04085276), a randomized, double-blind, placebo-controlled phase 3 study comparing the efficacy and safety of toripalimab versus placebo, in combination with nab-paclitaxel for patients with newly diagnosed metastatic or recurrent locally advanced triple-negative breast cancer (TNBC) in Nature Medicine.

TORCHLIGHT is the first registered Phase 3 study to achieve positive results in advanced TNBC immunotherapy in China. It was jointly conducted across 56 centers nationwide, with principal investigator Professor Zefei JIANG from the Department of Oncology of the Chinese People’s Liberation Army General Hospital and Vice President and Secretary General of the Chinese Society of Clinical Oncology (CSCO).

“Using immunotherapy with Chinese products and designs to address the challenges of Chinese patients with advanced TNBC, TORCHLIGHT has produced encouraging results, providing some TNBC patients with an opportunity at prolonged survival,” said Professor Zefei JIANG.

From December 25, 2018, to November 30, 2022, 531 patients were enrolled and randomized at a 2:1 ratio into either the experimental arm (n = 353; treated with toripalimab and nab-paclitaxel) or the control arm (n = 178; treated with placebo and nab-paclitaxel). A total of 300 patients had PD-L1-positive TNBC: 200 in the toripalimab arm and 100 in the control arm. The primary endpoints were progression-free survival (PFS), as assessed by blinded independent central review (BICR) per RECIST v.1.1, in the PD-L1-positive subgroup and the intention-to-treat (ITT) population. The secondary endpoints included overall survival (OS) in the PD-L1-positive and ITT populations, 1-year and 2-year OS rates, PFS as assessed by the investigator, objective response rate (ORR), disease control rate (DCR), duration of response (DoR) and safety.

TORCHLIGHT’s results show that the addition of toripalimab to nab-paclitaxel significantly improved PFS for PD-L1-positive patients with metastatic or recurrent TNBC, while maintaining an acceptable safety profile.

At the prespecified interim analysis (cutoff date of 30 November 2022), a statistically significant improvement in PFS assessed by BICR was demonstrated in the toripalimab arm in the PD-L1-positive population (median PFS 8.4 versus 5.6 months; hazard ratio (HR) = 0.65, 95% confidence interval (CI) 0.470–0.906, P = 0.0102), which had crossed the prespecified efficacy boundary of 0.0273. The 1-year PFS rate was 41.9% versus 24.4%, and the 2-year PFS rate was 23.5% versus 14.5%. The interim analysis of PFS in the ITT population showed a similar improvement in BICR-assessed PFS. The median PFS was 8.4 and 6.9 months for the toripalimab and control arms, respectively, and the HR was 0.77 (95% CI 0.602–0.994), P = 0.0445.

According to the prespecified descriptive analysis of OS, a trend toward improved OS favoring toripalimab was observed in the PD-L1-positive population, with median OS at 32.8 versus 19.5 months (HR = 0.62, 95% CI 0.414–0.914, nominal P = 0.0148). The 1, 2 and 3-year OS rates in the PD-L1-positive population were 82.6% versus 73.0%, 64.6% versus 43.5% and 47.9% versus 33.0% in the two arms, respectively. Similar OS improvement was also observed in the ITT population favoring toripalimab, with median OS 33.1 versus 23.5 months (HR = 0.69, 95% CI 0.513–0.932, nominal P = 0.0145). The 1, 2 and 3-year OS rates in the ITT population were 81.0% versus 77.6%, 61.0% versus 47.2% and 48.4% versus 32.1% in the two arms, respectively.

Patients in the toripalimab arm had a significantly longer DoR than those in the control arm in the PD-L1-positive subgroup and ITT populations. The median DoR was 10.8 versus 5.6 months (HR = 0.55, 95% CI 0.366–0.830, nominal P = 0.0040) in the PD-L1-positive subgroup; and 8.5 versus 6.9 months (HR 0.64, 95% CI 0.468–0.881, nominal P = 0.0060) in the ITT population.

Similar incidences of treatment-emergent adverse events (AEs) (99.2% versus 98.9%), grade ≥3 treatment-emergent AEs (56.4% versus 54.3%) and fatal AEs (0.6% versus 3.4%) occurred in the toripalimab and control arms.

In May 2023, the supplemental new drug application (sNDA) for toripalimab in combination with albumin-bound paclitaxel for the treatment of PD-L1 positive (CPS ≥ 1) previously-untreated metastatic or recurrent metastatic TNBC was accepted by the National Medical Products Administration (NMPA).

“I am delighted to see the TORCHLIGHT study reach new heights once again,” said Dr. Jianjun ZOU, Global Research and Development President of Junshi Biosciences. “TORCHLIGHT’s series of successes would not have been possible without the collaboration and determination of the patients, researchers, and R&D team. The groundbreaking outcomes of this study has the potential to address unmet clinical needs and offer Chinese TNBC patients better treatment options.”

About Toripalimab

Toripalimab is an anti-PD-1 monoclonal antibody developed for its ability to block PD-1 interactions with its ligands, PD-L1 and PD-L2, and for enhanced receptor internalization (endocytosis function). Blocking PD-1 interactions with PD-L1 and PD-L2 promotes the immune system’s ability to attack and kill tumor cells.

More than forty company-sponsored toripalimab clinical studies covering more than fifteen indications have been conducted globally by Junshi Biosciences, including in China, the United States, Southeast Asia, and Europe. Ongoing or completed pivotal clinical trials evaluating the safety and efficacy of toripalimab cover a broad range of tumor types, including cancers of the lung, nasopharynx, esophagus, stomach, bladder, breast, liver, kidney, and skin.

In China, toripalimab was the first domestic anti-PD-1 monoclonal antibody approved for marketing (approved in China as TUOYI®). Currently, there are seven approved indications for toripalimab in China:

  1. unresectable or metastatic melanoma after failure of standard systemic therapy;
  2. recurrent or metastatic nasopharyngeal carcinoma (“NPC”) after failure of at least two lines of prior systemic therapy;
  3. locally advanced or metastatic urothelial carcinoma that failed platinum-containing chemotherapy or progressed within 12 months of neoadjuvant or adjuvant platinum-containing chemotherapy;
  4. in combination with cisplatin and gemcitabine as the first-line treatment for patients with locally recurrent or metastatic NPC;
  5. in combination with paclitaxel and cisplatin in first-line treatment of patients with unresectable locally advanced/recurrent or distant metastatic esophageal squamous cell carcinoma (ESCC);
  6. in combination with pemetrexed and platinum as the first-line treatment in EGFR mutation-negative and ALK mutation-negative, unresectable, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC);
  7. in combination with chemotherapy as perioperative treatment and subsequently with monotherapy as adjuvant therapy for the treatment of adult patients with resectable stage IIIA-IIIB NSCLC.

The first six indications have been included in the National Reimbursement Drug List (NRDL) (2023 Edition). Toripalimab is the only anti-PD-1 monoclonal antibody included in the NRDL for the treatment of melanoma.

In the United States, the U.S. Food and Drug Administration (FDA) has approved the Biologics License Application for toripalimab in combination with cisplatin and gemcitabine for the first-line treatment of adults with metastatic or recurrent locally advanced NPC, and for toripalimab, as a single agent, for the treatment of adults with recurrent, unresectable, or metastatic NPC with disease progression on or after platinum-containing chemotherapy in October 2023. The FDA has granted toripalimab 2 Breakthrough Therapy designations for the treatment of NPC, 1 Fast Track designation for the treatment of mucosal melanoma, and 5 Orphan Drug designations for the treatment of esophageal cancer, NPC, mucosal melanoma, soft tissue sarcoma, and small cell lung cancer (SCLC).

In Europe, marketing authorization applications (MAA) were accepted by the European Medicines Agency (EMA) and the United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) for 1) toripalimab combined with cisplatin and gemcitabine for the first-line treatment of patients with locally recurrent or metastatic NPC and 2) toripalimab combined with paclitaxel and cisplatin for the first-line treatment of patients with unresectable locally advanced/recurrent or metastatic ESCC, in December 2022 and February 2023.

In Australia, the new chemical entity (NCE) application was accepted by the Australia Therapeutic Goods Administration (TGA) in November 2023. The TGA has also granted toripalimab an Orphan Drug designation for the treatment of NPC.

About Junshi Biosciences

Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics. The company has established a diversified R&D pipeline comprising over 50 drug candidates, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Four of the company’s innovations have already reached the Chinese or international markets, one of which is toripalimab, China’s first domestically produced and independently developed anti-PD-1 monoclonal antibody, approved in China and the US. Additionally, more than 30 drugs are currently in clinical development. During the COVID-19 pandemic, Junshi Biosciences actively shouldered the social responsibilities of a Chinese pharmaceutical company through its involvement in developing etesevimab, MINDEWEI®, and other novel therapies for the prevention and treatment of COVID-19.

With a mission of “providing patients with world-class, trustworthy, affordable, and innovative drugs”, Junshi Biosciences is “In China, For Global.” At present, the company boasts approximately 3,000 employees in the United States (San Francisco and Maryland) and China (Shanghai, Suzhou, Beijing, Guangzhou, etc). For more information, please visit: http://junshipharma.com.

Junshi Biosciences Contact Information
IR Team:
Junshi Biosciences
info@junshipharma.com
+ 86 021-6105 8800

PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+ 86 021-6105 8800

GlobeNewswire Distribution ID 9015463

Verisk Names Doug Caccese and Saurabh Khemka Co-Presidents of Underwriting Solutions

Neil Spector to serve as strategic advisor, effective January 16

JERSEY CITY, N.J., Jan. 09, 2024 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January 16.

“Doug and Saurabh reflect the deeply experienced, talented and diverse leadership team at Verisk,” said Lee Shavel, president and CEO, Verisk. “They have helped shape Verisk’s strategy and operations and developed new businesses that have positioned the company to serve our clients’ evolving needs for easy-to-implement technologies that drive improved performance and enable their long-term growth. I’m excited to see Doug and Saurabh’s contributions in this next exciting chapter of their careers.”

Caccese has more than 30 years of experience in the insurance industry, having held leadership roles at insurers including Farmers, 21st Century Insurance and AIG before joining Verisk in 2015. Most recently, he served as president of Domestic Underwriting Solutions for Verisk.

Khemka began his career at the consulting firm Bain & Company before joining Verisk in 2013. Since then, he has held several leadership roles of increasing responsibility in the Underwriting Solutions group including president of Core Line Services.

Spector will continue to serve Verisk in a strategic advisor role through the year. Spector held several sales leadership roles in a diverse set of companies and industries prior to joining Verisk in 2005. Since then, Spector has held leadership roles of increasing responsibility at Verisk and in 2017 he was named president of Underwriting Solutions.

“Neil has a tremendous depth of understanding of the insurance industry and he’s a committed partner to our clients and his colleagues around the world,” Shavel said. “We’re fortunate to benefit from his continued leadership and insight and we’re thankful for his numerous contributions to the success of our clients and Verisk.”

Spector’s biography can be found here, Caccese’s biography can be found here and Khemka’s can be found here.

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

Alberto Canal
201-469-2618
alberto.canal@verisk.com

GlobeNewswire Distribution ID 9015200

Fortrea Establishes Industry Partnership with Veeva and Advarra to Streamline Patient and Site Clinical Trial Experience

Companies partner to provide patients and sites with easy access to study information in one integrated solution

DURHAM, N.C., Jan. 09, 2024 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced an industry partnership with founding members Veeva Systems Inc., a leading provider of industry cloud solutions for the global life sciences industry, and Advarra, a leading provider of clinical research technology for clinical research investigator sites and sponsors, to deliver an integrated patient- and site-centric solution that streamlines the clinical trial experience.

In an industry faced with complex challenges to clinical trial execution, Fortrea is establishing an alliance of industry partners—beginning with founding members, Veeva and Advarra—to tackle some of these challenges head-on. Many sites are burdened by administrative operations that have multiple, complex technologies with limited interoperability. This impacts their ability to focus on what matters most—the patients—and improving their recruitment and experience participating in clinical studies.

Fortrea, Veeva and Advarra are partnering to offer a seamless, unified technology solution that integrates best-in-class technologies and leverages Fortrea’s process expertise. This will help ease the administrative burden for patients and sites and increase the accessibility of clinical trials for the public.

“We heard from our Site Advisory Board that the multitude of technologies used on a study is one of their greatest challenges,” said Fortrea Chief Operating Officer and President of Clinical Services Mark Morais. “Working with industry-leading partners and founding members, Veeva and Advarra, we’re taking action to remove complexities so we can address the pain points of sites and patients and make a difference. We are leveraging our unique vantage point in the industry that enables us to layer our expertise over the tech and data ecosystems from best-in-class partners—adding to our alliance as we go—to dramatically simplify the experience for patients, sites and sponsors.”

For sites, the partnership is set to deliver:

  • a cloud-based, simplified sign-on experience for Fortrea-run studies
  • access to study technologies through a single dashboard
  • a unified environment with a single repository for study documents and records

For patients, the solution is being designed to offer:

  • easy-to-access, step-by-step, visit-by-visit support and education throughout a patient’s trial journey
  • a simplified user experience through a single platform
  • self-referral functionality to search and find studies in their disease area of interest
  • ongoing patient support and education via an online portal or mobile app
  • a simplified mobile and web application for consenting and responding to outcome surveys

“Veeva is helping to advance clinical trials with connected applications that reduce the burden of participating for patients, streamline execution for research sites and increase transparency for sponsors,” said Jim Reilly, vice president, Veeva Development Cloud Strategy. “Extending our partnership with Fortrea to deliver Veeva Clinical Platform applications will meet the unique needs of patients, sites and sponsors while significantly improving study data quality and collaboration with sites.”

“Advarra’s mission is to break the silos that impede clinical research, so we are excited to provide our Longboat solution and IRB services as part of this innovative and collaborative partnership aimed at reducing site and patient burden,” said Elisa Cascade, chief product officer at Advarra.  “By leveraging our Longboat solution, Fortrea will deliver a reimagined clinical research experience that will improve both protocol compliance and site and patient engagement throughout the clinical trial process.”

Learn more about how Fortrea is driving healthcare innovation throughout the world at Fortrea.com. For more information on the technology platforms, visit Veeva Clinical Platform and Advarra Longboat.

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients in need. Fortrea provides phase I-IV clinical trial management, clinical pharmacology, differentiated technology-enabled trial solutions and post-approval services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team of about 19,000 people working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703-298-0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646-818-9115, kdillon@prosek.com

GlobeNewswire Distribution ID 9015283

Nyxoah Announces Preliminary Results for the Fourth Quarter and Full Year 2023

Nyxoah Announces Preliminary Results for the Fourth Quarter and Full Year 2023

Mont-Saint-Guibert, Belgium – January 9, 2024, 10:05pm CET / 4:05pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced certain preliminary, unaudited results for the fourth quarter and full year ended December 31, 2023.

Preliminary, Unaudited Fourth Quarter and Full Year 2023 Results

  • Revenue for the fourth quarter of 2023 is anticipated to be approximately €1.8 million, a 40% increase over the fourth quarter of 2022 and an 87% increase over the third quarter of 2023.
  • Revenue for the full year 2023 is anticipated to be approximately €4.3 million, a 41% increase over the full year 2022.
  • Ended the year with 48 active German accounts.

“We are excited with the strong preliminary fourth quarter sales, which are anticipated to be nearly double from last quarter. This anticipated growth reflects both strong underlying demand for Genio and focus on streamlining the patient referral pathway through initiatives such as our direct-to-consumer online campaigns launched in March,” commented Olivier Taelman, Chief Executive Officer. “This performance throughout 2023 sets the stage for an exciting 2024, as in a few months we expect to report data from our DREAM US pivotal trial, file for FDA approval, begin preparations to enter the US market, and begin to see contribution from the ResMed commercial partnership in Germany.”

The preliminary, unaudited revenue results described in this press release are estimates only and are subject to revision until Nyxoah reports its full financial results for 2023 in its Annual Report on Form 20-F.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; reporting data from Nyxoah’s DREAM US pivotal trial; filing for FDA approval; entrance to the US market, contributions from the ResMed commercial partnership in Germany; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on March 22, 2023, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

Attachment

GlobeNewswire Distribution ID 1000908020

QuEra Computing Releases a Groundbreaking Roadmap for Advanced Error-Corrected Quantum Computers, Pioneering the Next Frontier in Quantum Innovation

Reaching 100 logical error-corrected qubits in 2026, QuEra aims to unleash a new era of innovation and discovery

QuEra’s Error-Corrected Quantum Computer Roadmap

An Overview of Quera’s Three-Year Quantum Computer Roadmap, Its Capabilities and Customer Impact.

BOSTON, Jan. 09, 2024 (GLOBE NEWSWIRE) — QuEra Computing, the quantum computing trailblazer, today announced a bold strategic roadmap for a series of error-corrected quantum computers, starting in 2024 and culminating in a system with 100 logical error-corrected qubits. This announcement marks the dawn of a new era in quantum computing. It caps off a banner year for QuEra, highlighted by breakthrough scientific results, substantial growth in its scientific and engineering teams, a new investment round, and a significant increase in the availability of its Aquila platform on a major cloud platform.

Quantum error correction is critical to fulfill the immense promise of quantum computers. This advanced technique addresses the inherent fragility of quantum states and the susceptibility of qubits to interference from their environment, which can lead to errors in quantum computations. By implementing error correction protocols, quantum computers can maintain the integrity of quantum information over longer periods, enabling them to perform complex calculations that are beyond the reach of classical computers. This enhances the reliability and scalability of quantum systems and paves the way for groundbreaking advancements in fields ranging from materials science to drug discovery and optimization problems. By providing the first commercial error-corrected system, QuEra is setting a new bar in performance and usability.

A Three-Year Quantum Error-Correction Roadmap

QuEra’s roadmap outlines a three-phase release of its revolutionary quantum computers:

  • 2024: Launching a quantum computer with ten logical qubits, unique transversal gate capability, and over 256 physical qubits. Transversal gates are crucial in quantum computing for their ability to prevent error propagation across qubits, making them inherently error-resistant. They simplify quantum error correction by allowing errors to be corrected independently for each qubit. This system establishes the groundwork for error-corrected quantum computing. Additionally, to assist in assessing and preparing algorithms for the era of error correction, QuEra will release a logical qubit simulator in the first half of 2024.
  • 2025: An enhanced model with 30 logical error-corrected qubits with magic state distillation, supported by over 3,000 physical qubits. Magic state distillation enables the implementation of a broader range of quantum gates with higher fidelity, allowing for the execution of non-Clifford gates, which are crucial for universal quantum computations.
  • 2026: Introduction of a third-generation quantum error-corrected model with 100 logical qubits and over 10,000 physical qubits. This development, capable of deep logical circuits, will push quantum computing beyond the limits of classical simulation, ushering in a new era of discovery and innovation.

These advancements build upon the recent breakthrough published in Nature, “Logical quantum processor based on reconfigurable atom arrays,” by Bluvstein et al. (Nature 2023), where a Harvard-led group, together with QuEra, MIT, NIST, and the University of Maryland, reported the execution of complex algorithms with 48 logical qubits.

“With this product release plan, we are opening doors to a new world of computational possibilities,” said Alex Keesling, CEO of QuEra Computing Inc. “We are excited to leverage all the building blocks developed in past years – qubit shuttling, transversal gates, high-fidelity 2-qubit gates, and a zoned architecture – to deliver a world-leading system. It will allow us to collaborate with global partners to explore the vast potential of quantum computing and drive innovation across various sectors.”

Celebrating a Year of Significant Achievements

This announcement comes on the heels of a breakthrough 2023 for QuEra, marked by significant progress on multiple fronts:

  • Completing a $30M Series A funding round early in the year.
  • Expanding the public availability of QuEra’s flagship 256-qubit Aquila system on a major cloud platform, with access increasing from 10 to over 100 hours per week. Both commercial and academic users have benefited from this increased availability, leading to several important scientific and technological results.
  • Attracting top talent, the team has grown to include over 50 highly-skilled scientists and engineers. The company has also bolstered its management team with experienced and accomplished executives, positioning itself for accelerated growth and innovation.
  • Scientists from Harvard, QuEra, MIT, UMD and NIST released a series of breakthrough scientific results. These advances provide critical building blocks and cement QuEra’s status as a leading quantum computing company.

“In a few years, the number of physical qubits will be less important to customers, and the focus will switch to logical error-corrected qubits,” said Nate Gemelke, Co-founder and CTO of QuEra. “Today, we are taking a major step in this critical transition from quantum experimentation to true quantum computing value.”

Calling Developers, Enterprises, and HPC Centers

QuEra invites developers to adapt their software to these groundbreaking capabilities, encourages enterprises to explore error-corrected algorithms with logical qubits through collaboration, and urges HPC centers and national programs to consider purchasing and deploying these advanced computers on-premises. For those interested in early access to these breakthrough capabilities, a new waitlist page is now available at https://www.quera.com/waitlist.

About QuEra
QuEra Computing is the leader in commercializing quantum computers using neutral atoms, which is widely recognized as a highly promising quantum modality. Based in Boston and built on pioneering research from nearby Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing large-scale, fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on Twitter or LinkedIn.

Media Contact
Merrill Freund
press@quera.com
+1-415-577-8637

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bd051c5-124a-4661-a70c-196c2cd69ff0.

GlobeNewswire Distribution ID 9014612

XO Innovates the Private Aviation Industry

XO Innovates

Giving flexible flyers optimal value and choice.

New York, New York January 9, 2024: XO, the world’s premier private aviation network, innovates and modernizes private aviation to significantly benefit private flyers. Utilizing AI, machine learning, data design, and predictive analytics, XO offers a cost-efficient alternative to private jet ownership and home-based fleet models and delivers instant, transparent real-time pricing for greater convenience and time savings.

Leona Qi, President U.S. at Vista said:As part of Vista, XO continually innovates the private aviation industry by offering instant and transparent flight options, giving flexible flyers optimal value and choice. As a group, our globally optimized business and fleet model surpasses jet ownership and clients choose us because of this. Innovation is the future of the industry — we’re proud to lead the way.

Providing four times greater utilization than personal jet ownership.

XO propels innovation by leveraging augmented intelligence to enhance performance dramatically. Greater utilization delivers pricing and availability benefits to XO clients, making the industry more efficient. Since 2022, aircraft utilization through XO has soared by 125%, marking a significant leap in operational efficiency.

Private flyers weighing the benefits of personal ownership against private charter through XO can begin by comparing utilization. While utilization for personal aircraft remains at roughly 250 flight hours per year, utilization across the XO network continues to grow. Current utilization is over 1,100 flight hours per aircraft, per year.

A fleet model that optimizes routes and cuts unoccupied flights to 25%.

Similarly, XO has driven innovation in the private aviation industry by using a floating fleet model to manage aircraft availability. This replaces the legacy model — in which the fleet has no choice but to return to the home base and aircraft fly empty 50% of the time. The floating feet model has cut this in half to 25%.

XO eliminates the multi-day quote process with its AI-powered system, providing guaranteed pricing in seconds.

Private aviation is a multifaceted air transportation operation with a largely unscheduled aviation environment, necessitating complex trip coordination from a diverse array of private terminals with bespoke aircraft, crew, catering, and ground transportation arrangements.

Therefore, those looking to fly private and obtain pricing embark on a multi-day, multi-touch process to review options or receive what are only “soft quotes” through sales teams and digital platforms. The process is time-consuming and frustrating, and the price is not guaranteed.

XO has reduced the process from days to seconds. It can accurately deliver real-time pricing to private flyers through an XO-developed, AI-driven system that analyzes more than 2,000 daily flight requests globally, over 6,000 daily XO mobile app searches, and historical industry booking trends.

Book instantly with over 200,000 globally available flights across all regions.

Leveraging technology, XO provides members and clients convenient ways to search and instantly book seats with pricing that is based on demand and delivered instantly and guaranteed.

By offering a cost-effective and efficient alternative to jet ownership, using a floating fleet model that cuts empty leg flights significantly, and providing customers with convenience through instantly bookable flights and real-time pricing, XO is leading a more open future for private aviation while delivering benefits to its clients — ultimate convenience, service, enhanced productivity, privacy, and security.

Information
XO | press@flyxo.com

ABOUT XO

XO is revolutionizing the private aviation industry by combining data intelligence with distinct, elevated service to allow you to reach anywhere in the world, anytime, just by reaching for a mobile device.

XO has built an open future for private aviation with more transparency, efficiency, and accessibility than ever before. Members and clients have access to the Vista Members’ fleet of 360+ aircraft and the safety-vetted XO alliance fleet of 2,100+ private aircraft, covering the full spectrum of cabin classes. Flyers can book an entire aircraft or individual seats through the XO mobile app, website, or an XO Aviation Advisor.

XO is part of Vista — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset free solutions to cover all key aspects of business aviation.

More XO information and news at www.flyxo.com

XO Global LLC is not a direct air carrier and does not operate any aircraft. All flights will be operated by properly licensed U.S. or foreign air carriers. All services are subject to the terms and conditions available at flyxo.com/legal. Fla. Seller of Travel Ref. No. ST42114.

Attachment

GlobeNewswire Distribution ID 1000907929

MB Stellar – The First Payment Bracelet Brings 5.0 Payment To Vietnamese Gen Z

OMverse

Experts shared about Stellar’s campaign, which aimed at GenZ

HO CHI MINH CITY, Vietnam, Jan. 09, 2024 (GLOBE NEWSWIRE) — Stellar, the first payment bracelet in Vietnam has been impressing young people in Vietnam thanks to its flexible experience, which was proved at DigiLounge#4 “Revealing Stellar – a pioneer in the new payment style of GenZ” held by OMverse.

 OMverse

Experts shared about Stellar’s campaign, which aimed at GenZ.

Launched in mid-November 2023, Stellar payment bracelet resulted from a strategic combination between the Military Commercial Joint Stock Bank (MBBank) and Omega Media (a member of OMverse). While MBBank is named in the top 5 prestigious Vietnamese commercial banks in 2023, Omega Media is a pioneer in performance marketing.

Integrating two debit and credit chips in one device, it gives customers convenient one-touch payment without a network connection or battery charging. With 18 options of design, color and individually designed personality charms, this payment-fashion friend is also waterproof and dust resistant, suitable for all types of weather and outdoor activities of Gen Z. Priced at an affordable price, only about 16 USD, it attracted many young people between the ages of 25 and 40, who love technology, fashion and are always ready to try new things.

The launch of the Stellar payment bracelet marked a breakthrough in product marketing and brandformance in the banking and finance industry and impressed leading marketing experts in Vietnam. This was also the topic of DigiLounge#4 “Revealing Stellar – a pioneer in the new payment style of GenZ” organized by OMverse. Many experts attended the event, such as Mr. Mai Huy Phuong – Deputy Director of Digital Banking Department, MBBank; Ms. Van Trinh – CEO of Fantastic Eggs; Mr. An Dang – CEO of Omega Media – Ho Chi Minh City Branch and Mr. Dzung Le – CEO of Omeez.

Through two sharing sessions on “Application of Brandformance in the Banking Industry through Product Innovation” and “From Product Marketing to Brandformance”, these experts discussed what made a groundbreaking campaign aimed at Gen Z – the first payment bracelet in Vietnam. At the same time, the experts deep dived into user trends, opportunities and challenges in the Vietnamese market in 2024.

The highlight of DigiLounge#4 was experiencing the one-touch payment style with Stellar right at the event. Many C-level and marketing managers from large enterprises in Vietnam were surprised with how time-saving and convenient Stellar was and enjoyed special charm sets with many humorous and bold messages created by the Gen Z designers. They are optimistic that Stellar could completely develop further towards Gen Alpha.

A representative from Omega Media shared that Gen Z in Vietnam has been always looking for new experiences, so the banking and finance industry also needs innovative products to keep up. The launch of Stellar – when technology meets fashion in a bracelet – was timely and could contribute to creating new payment trends.

https://www.globenewswire.com/NewsRoom/AttachmentNg/34d516bf-de51-4f3b-a000-7d762aa8ae00

Media contact:
Tran Thi Quynh Trang (Ms.)
Email: trangttq@omverse.vn

GlobeNewswire Distribution ID 9014845

Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)

BOSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) — The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured losses to properties from the January 1 M7.5 (per the United States Geological Survey) earthquake that struck near the Noto peninsula in Ishikawa prefecture, Japan, will be between JPY 260 billion (USD 1.8 billion) and JPY 480 billion (USD 3.3 billion).

Event Summary

Per the United States Geological Survey (USGS), the January 1, 2024, M7.5 earthquake on the west coast of Japan occurred due to shallow reverse faulting in the Earth’s crust. Japan is a seismically active region with most earthquakes occurring off the east coast, where the Pacific plate subducts beneath Japan. This earthquake occurred on the west coast of Japan, where crustal deformation created by the broader plate motions is accommodated in shallow faults.

According to Verisk, shallow earthquakes cause more damage than intermediate- and deep-focus ones since the energy generated by shallow events is released closer to the surface and therefore produces stronger shaking relative to earthquakes located deeper within the Earth. This coastal earthquake produced strong shaking on land and generated a tsunami.

The USGS has also noted that while earthquakes are common in Japan, the region surrounding the Noto Peninsula earthquake sees lower rates of seismicity as compared to the major subduction zone along its east coast. Still, since 1900, 30 other M6 and larger earthquakes have occurred within 250 km of the January 1 event.

Hazard and Damage Observations 

The Noto Peninsula earthquake caused damage across an extensive area around and south of the epicenter. While most of heavy damage occurred in Ishikawa prefecture and in particular Wajima city including a large fire, damage from ground shaking and liquefaction was observed in other prefectures such as Niigata and Toyama. Tsunami waves of over one meter inundated many buildings along the shore, especially in Wajima, Suzu, and Noto.

Building codes in Japan are among the most advanced in the world and have been adopted and practiced well since 1981. In the areas impacted by 2024 Noto Peninsula earthquake, seismic code requirements are higher than those in the southern part of Japan.

Verisk’s modeled insured loss estimates do not consider:

  • Losses to uninsured properties
  • Losses to land
  • Losses to infrastructure
  • Losses to automobiles
  • Business interruption losses, both direct and indirect
  • Workers’ compensation losses
  • Losses to civil engineering (railway) risks, marine cargo and marine hull risks, aviation risks
  • Risks, Transit warehouse risks, movable all risk, and personal accident risks
  • Loss adjustment expenses
  • Losses from non-modeled perils, such as landslide
  • Demand surge: the increase in costs of materials, services, and labor due to increased demand following a catastrophic event

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

Mary Keller 
Verisk 
339-832-7048 
mary.keller@verisk.com 

GlobeNewswire Distribution ID 9014597