Assumption

Cyprium Therapeutics, a Fortress Biotech Subsidiary Company, Completes Asset Transfer of CUTX-101 Copper Histidinate Product Candidate for Treatment of Menkes Disease, to Sentynl Therapeutics, a Wholly-owned Subsidiary of Zydus Lifesciences Ltd.

Retrieved on: 
Wednesday, December 6, 2023
Fortress Biotech, Menkes disease, Agreement, FDA, NDA, Zydus Lifesciences, Therapy, Cyprium, Assumption, Safety, Pharmaceutical industry

MIAMI, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Cyprium Therapeutics, Inc. (“Cyprium”), a Fortress Biotech, Inc. (Nasdaq: FBIO) (“Fortress”) subsidiary company, today announced that it executed an Assignment and Assumption Agreement (the “Agreement”) with Sentynl Therapeutics, Inc. (“Sentynl”), a U.S.-based specialty pharmaceutical company wholly owned by the Zydus Lifesciences Ltd., in which, Cyprium completed the transfer of its proprietary rights and assigned its FDA documents pertaining to CUTX-101, Copper Histidinate product candidate for the treatment of Menkes disease, to Sentynl.

Key Points: 
  • Cyprium will retain 100% ownership over any FDA priority review voucher that may be issued at NDA approval for CUTX-101.
  • “We are pleased to complete the CUTX-101 asset transfer with Sentynl.
  • Cyprium has made progress with the CUTX-101 rolling NDA submission, and we expect that Sentynl will complete the filing in 2024.
  • The transfer of the CUTX-101 program to Sentynl will result in a reduction in Cyprium’s development-related spend, while potentially expediting commercialization upon FDA approval.

Sentynl Therapeutics Completes Asset Transfer of CUTX-101 Copper Histidinate Product Candidate for Treatment of Menkes Disease from Cyprium Therapeutics

Retrieved on: 
Wednesday, December 6, 2023
NDA, Fortress Biotech, Safety, Hope, Therapy, Assumption, Disease, Patient, U.S. FDA, FDA, Menkes disease, Caregiver, New Drug Application, Fortification, Death, Parent, Pharmaceutical industry, Menkes, Cyprium

SOLANA BEACH, Calif. and AHMEDABAD, India, Dec. 6, 2023 /PRNewswire/ -- Sentynl Therapeutics, Inc. (Sentynl), a U.S.-based biopharmaceutical company wholly-owned by Zydus Lifesciences, Ltd. (Zydus Group), today announced the execution of an Assignment and Assumption Agreement with Cyprium Therapeutics, Inc. (Cyprium), a Fortress Biotech, Inc. (Nasdaq: FBIO) (Fortress) subsidiary company. Under the agreement, Cyprium completed the transfer of its worldwide proprietary rights and U.S. FDA documents pertaining to CUTX-101, the copper histidinate product candidate for the treatment of Menkes disease, to Sentynl.

Key Points: 
  • Under the agreement, Cyprium completed the transfer of its worldwide proprietary rights and U.S. FDA documents pertaining to CUTX-101, the copper histidinate product candidate for the treatment of Menkes disease, to Sentynl.
  • Sentynl now assumes full responsibility for the development and commercialization of CUTX-101.
  • In 2021, Sentynl and Cyprium reported positive results from a safety and efficacy analysis of data integrated from two completed pivotal studies in patients with Menkes disease treated with CUTX-101.
  • This novel, breakthrough therapy could unlock possibilities for the treatment of the life threatening Menkes disease."

Codexis Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
ECO, RNA interference, Assumption, Therapy, Enzyme, RNA, Alnylam Pharmaceuticals, Telephone, Net, Doctor of Philosophy, Acquisition, MBBS, Research, Phosphorylation, Nucleotide, KOL, Doctor of Science, Probability, GSK, General Administration of Press and Publication, Medication, Investment, Administration, SAB, Fine chemical, Pharmaceutical industry, Video game, Codexis, Protalix BioTherapeutics

REDWOOD CITY, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced financial results for the third quarter ended September 30, 2023, and provided a business update.

Key Points: 
  • Company to Host Virtual ECO Synthesis™ Platform-Focused KOL Event on December 8, 2023, featuring John Maraganore
    REDWOOD CITY, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced financial results for the third quarter ended September 30, 2023, and provided a business update.
  • Including enzyme sales related to PAXLOVID™, total revenues were $9.3 million in third quarter 2023 compared to $34.5 million in third quarter 2022.
  • Including enzyme sales related to PAXLOVID™, product revenues were $5.4 million in third quarter 2023 compared to $28.0 million in third quarter 2022.
  • Product gross margin, excluding enzyme sales related to PAXLOVID™, was 58% for third quarter 2023 compared to 55% in third quarter 2022.

Codexis Announces Agreement for Assignment and Assumption of San Carlos Facility Lease

Retrieved on: 
Thursday, September 7, 2023
Probability, Therapy, Assignment, MBA, RNA, Securities and Exchange Commission (Philippines), RNA interference, ECO, Assumption, Codexis

REDWOOD CITY, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced the Company has executed an Assignment and Assumption of Lease for its San Carlos, California location.

Key Points: 
  • REDWOOD CITY, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced the Company has executed an Assignment and Assumption of Lease for its San Carlos, California location.
  • As a result of consolidating operations to its headquarters facility in Redwood City, California, Codexis estimates it will realize cumulative cash savings of more than $30 million through 2031.
  • The execution of the Assignment Agreement is consistent with the Company’s ongoing strategy to focus resources on programs with the strongest commercial opportunity and greatest probability of near-term success, including the Company’s enzyme-catalyzed oligonucleotide (ECO) Synthesis™ technology platform, designed to enable scalable production of RNA interference (RNAi) therapeutics.
  • “The swift execution of this lease assignment demonstrates our ability to efficiently streamline the business and concentrate on the priorities we outlined in July as part of our enhanced strategic focus,” said Kevin Norrett, MBA, Chief Operating Officer of Codexis.

The Juniata Valley Bank and Orrstown Bank Announce Completion of the Sale of Orrstown’s Path Valley Branch Location to Juniata

Retrieved on: 
Friday, May 12, 2023
Pillar, Purchasing, Sale, Compact disc, Acquisition, OTCQX, Assumption, Bank, Management, Path Valley Railroad

MIFFLINTOWN, Pa. and SHIPPENSBURG, Pa., May 12, 2023 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), announced the completion of Juniata’s purchase of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA.

Key Points: 
  • MIFFLINTOWN, Pa. and SHIPPENSBURG, Pa., May 12, 2023 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), announced the completion of Juniata’s purchase of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA.
  • Pursuant to the terms of the transaction, Juniata purchased certain assets, including the branch premises and equipment, from Orrstown.
  • “Both Orrstown and Juniata believe that the sale is an example of two community banks coming together on a transaction to produce a favorable result for the Path Valley Community.
  • Barley Snyder LLP served as legal counsel to Juniata and Pillar + Aught served as legal counsel to Orrstown in connection with the transaction.

The Juniata Valley Bank and Orrstown Bank Announce Completion of the Sale of Orrstown’s Path Valley Branch Location to Juniata

Retrieved on: 
Friday, May 12, 2023
Pillar, Purchasing, Sale, Compact disc, Acquisition, OTCQX, Assumption, Bank, Management, Path Valley Railroad

MIFFLINTOWN, PA AND SHIPPENSBURG, PA, May 12, 2023 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), announced the completion of Juniata’s purchase of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA.

Key Points: 
  • MIFFLINTOWN, PA AND SHIPPENSBURG, PA, May 12, 2023 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), announced the completion of Juniata’s purchase of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA.
  • Pursuant to the terms of the transaction, Juniata purchased certain assets, including the branch premises and equipment, from Orrstown.
  • “Both Orrstown and Juniata believe that the sale is an example of two community banks coming together on a transaction to produce a favorable result for the Path Valley Community.
  • Barley Snyder LLP served as legal counsel to Juniata and Pillar + Aught served as legal counsel to Orrstown in connection with the transaction.

The Future HMCS William Hall Officially Named Today

Retrieved on: 
Saturday, April 29, 2023
Royal Canadian, Travel, Senior, Life, Halifax Shipyard, Royal Navy, Government House, Courage, National security, Royal Canadian Mounted Police, Siege, Victoria Cross, Commander, Black Nova Scotians, MP, Character, Timeline of the Indian Rebellion of 1857, Canadian Coast Guard, History, Ship, National Shipbuilding Strategy, Royal Canadian Navy, Black Cultural Centre for Nova Scotia, HMCS, Parliament, Commander of the Navy (Sri Lanka), Black Canadians, Family, AOPS, Atlantic Command (Canadian Army), HMCS William Hall, Lieutenant, Woman, Black, Siege of Lucknow, Assumption, Shipbuilding, Science, Hantsport, Arctic

Craig Gibson was raised in Gibson Woods, a small black community where Gibson families (relations of William Hall) settled as Black Loyalists.

Key Points: 
  • Craig Gibson was raised in Gibson Woods, a small black community where Gibson families (relations of William Hall) settled as Black Loyalists.
  • I thank all those who will be serving in HMCS William Hall in the future.
  • “Today is a proud day for Canada, in particular the community of Hantsport, and for the family of William Hall.
  • To Commander Keleman and the crew of the future HMCS William Hall, it is an honour to associated with your commitment to service, love of country and bravery.

Local businesses selected for Shell and LiftFund accelerator program

Retrieved on: 
Wednesday, April 19, 2023
Shell, Small business, Education, West Baton Rouge Parish, Louisiana, Tata Business Support Services, Curriculum, Chase Bank, Baptists, Terrebonne, Shell LiveWIRE, Louisiana Community and Technical College System, East Baton Rouge Parish, Louisiana, Restaurant, Health, L. E. Fletcher Technical Community College, Mental health, Assumption, Management

NEW ORLEANS, April 19, 2023 /PRNewswire/ -- Shell USA, Inc., in collaboration with LiftFund, identified Louisiana as the perfect home for its global flagship enterprise development program, Shell LiveWIRE. The Louisiana edition of this program, launched at the beginning of March, equips entrepreneurs, micro and small business owners with the technical, business, and soft skills necessary to succeed in the marketplace.

Key Points: 
  • NEW ORLEANS, April 19, 2023 /PRNewswire/ -- Shell USA, Inc., in collaboration with LiftFund, identified Louisiana as the perfect home for its global flagship enterprise development program, Shell LiveWIRE.
  • The 25 businesses selected to participate in the first Shell LiveWIRE Louisiana cohort are derived from such industries as construction, farming, health & beauty, restaurants, mental health, landscaping and more.
  • LiftFund acts as the local implementing partner for the program, bringing a proven curriculum customized to meet the needs of the Shell LiveWIRE Louisiana cohort class.
  • "Helping businesses grow and thrive is important to South Louisiana and Shell," said Colette Hirstius, Shell SVP Gulf of Mexico – Deepwater.

NEW YORK COMMUNITY BANCORP, INC. THROUGH ITS BANK SUBSIDIARY, FLAGSTAR BANK, N.A., ACQUIRES CERTAIN ASSETS AND ASSUMES CERTAIN LIABILITIES OF SIGNATURE BRIDGE BANK FROM THE FDIC

Retrieved on: 
Monday, March 20, 2023
Federal Deposit Insurance Corporation, OCC, Purchasing, Greater Community Bancorp, New York Community Bank, AND, FDIC, CASH, NYSE, SBA, Growth, Bank, NYCB, Flagstar, CRE, Flagstar Bank, C&I, Assumption, Financial services, Signature

HICKSVILLE, N.Y., March 20, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that its bank subsidiary, Flagstar Bank, N.A. (the "Bank") has acquired certain assets and assumed certain liabilities of Signature Bridge Bank ("Signature") from the Federal Deposit Insurance Corporation (the "FDIC").  All regulatory approvals, including approval from the OCC, have been obtained, and the transaction has closed. 

Key Points: 
  • (the "Bank") has acquired certain assets and assumed certain liabilities of Signature Bridge Bank ("Signature") from the Federal Deposit Insurance Corporation (the "FDIC").
  • The Bank acquired only certain financially and strategically complementary parts of Signature that are intended to enhance our future growth.
  • Included in the $25 billion of cash is $2.7 billion arising from a discounted bid to net asset value.
  • Assumed liabilities approximating $36 billion, including deposits of approximately $34 billion and other liabilities of approximately $2 billion.

The Juniata Valley Bank and Orrstown Bank Announce Definitive Agreement for Sale of Orrstown’s Path Valley Branch to Juniata

Retrieved on: 
Friday, December 23, 2022
Pillar, Lincoln-Way East High School, Agreement, Orrstown, Pennsylvania, Automation, Assumption, Acquisition, OTCQX, LLP, Investment, Kerry Washington, Sale, Bank, Path Valley Railroad

MIFFLINTOWN, PA AND SHIPPENSBURG, PA, Dec. 23, 2022 (GLOBE NEWSWIRE) --  The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.

Key Points: 
  • MIFFLINTOWN, PA AND SHIPPENSBURG, PA, Dec. 23, 2022 (GLOBE NEWSWIRE) --  The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.
  • Pursuant to the terms of the Agreement, The Juniata Valley Bank has agreed to assume certain deposit liabilities totaling approximately $31.7 million and purchase certain assets, including the Path Valley branch real estate, furniture, equipment and cash.
  • The Path Valley branch will remain open as an Orrstown Bank branch through closing and, after closing, will become a branch of The Juniata Valley Bank.
  • Customers of the Path Valley branch will receive additional information regarding the transaction in the near future.