Joint venture

Ocean Biomedical (NASDAQ: OCEA) Announces Positive Preclinical Oncology Data for VRON-0300, Presented at SITC 2023 Annual Meeting, and Clinical Updates by 50/50 Joint Venture Partner Virion Therapeutics

Retrieved on: 
Tuesday, November 14, 2023
Yale University, Lung, Canadian Tire money, Brain, Research, AstraZeneca, Therapy, Joint venture, IND, Non-small-cell lung cancer, Disease, Clinical trial, Osimertinib, Patient, HBV, International joint venture, Immunotherapy, Animal, Neoplasm, TKI, Lung cancer, MD, Person, Infection, NSCLC, Human, SITC, BioRxiv, Malaria, Society, EGFR, Brown University Graduate School, Fibrosis, Pharmaceutical industry, Vaccine, CHI3L1, Cancer, Ocean, Virus

These new data demonstrate complete and highly reproducible tumor clearance, and protection upon tumor rechallenge, months after animals cleared their initial tumors.

Key Points: 
  • These new data demonstrate complete and highly reproducible tumor clearance, and protection upon tumor rechallenge, months after animals cleared their initial tumors.
  • VRON-0300 IND-enabling activities are underway, with the goal of filing its first IND within the next 9 months.
  • Virion Therapeutics is developing novel immunotherapies that utilize proprietary genetically encoded checkpoint modifiers (CPMs) to enhance and broaden CD8+ T cells responses.
  • Preclinical studies using CPMs have shown consistent and extraordinary immune responses and clinical activity in different diseases.

State Street to Further Consolidate Operating Model in India

Retrieved on: 
Monday, December 4, 2023
Finance, Professional Services, Other Technology, Technology, Artificial Intelligence, NYSE, Joint venture, State, Calendar, Financial services, State Street Corporation, Partnership, JV, State Street, Collaboration, Retail, HCLTech

This consolidation, which is based on the arrangements aligned with the existing JV agreement and expected to be completed in the second calendar quarter of 2024, will further streamline State Street’s operating model in India and continue State Street’s ongoing transformation and productivity plan and strategy of simplifying its global operating model.

Key Points: 
  • This consolidation, which is based on the arrangements aligned with the existing JV agreement and expected to be completed in the second calendar quarter of 2024, will further streamline State Street’s operating model in India and continue State Street’s ongoing transformation and productivity plan and strategy of simplifying its global operating model.
  • State Street has partnered with HCLTech for more than a decade, and this collaboration has grown into a valuable servicing and operational center for the firm and its clients.
  • State Street has a longstanding presence in India, and in October 2023 it acquired full ownership of a separate joint venture with another partner.
  • State Street conducts operations through a global operating model with multiple locations across the Americas, Europe, and Asia.

Marathon Asset Management Provides Creative Capital Solution to Support Bridger Aerospace’s Growth

Retrieved on: 
Wednesday, November 22, 2023
Banking, Asset Management, Professional Services, Finance, Aircraft, International joint venture, Acquisition, Government of Spain, Wildfire, DNA, Joint venture, Joint, Investment, European, Marathon Asset Management, Canadair, Transport, Partnership, Aviation, Corporate credit union, Airline

Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.

Key Points: 
  • Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.
  • “Marathon is excited to support Bridger Aerospace’s expansion to the European Union with our transformative transaction.
  • We have continued to strengthen our relationship with Bridger’s management team, and we are excited to have designed a creative capital solution that enabled Bridger to complete the Spanish Scooper transaction.
  • This result demonstrates Marathon’s ability to move quickly and deploy our flexible capital across the broader landscape of corporate credit.

Mercedes-Benz launches first EV charging hub in North America; Network aims to deliver a fast, reliable, premium charging experience for drivers of all EV brands.

Retrieved on: 
Wednesday, November 15, 2023
Other Travel, Environment, State, Local, EV, Electric Vehicles, Destinations, Travel, Engineering, Environmental Health, Other Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Other Energy, Public Policy, Government, Fleet Management, Other Retail, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Specialty, Vehicle Technology, Tourist Attractions, Retail, Sustainability, Green Technology, General Automotive, Mercedes-Benz Bank, Open access, DCS, IONITY, Map, Optare StarRider, NACS, Electricity, Mercedes-Benz India, FREE, EQ, Safety, ChargePoint, Joint venture, Multimedia, Friends, Mercedes-Benz, Mercedes-Benz USA, Mercedes-Benz Group, Original equipment manufacturer, MN8, Fastest, EBIT, Coffee, Food, Insurance, Weather, Athlon, Mercedes-EQ, SUV, CCS1, Partnership, Carbon, Mobility, EVS, Buc-ee's, Green, LED, Digital, Mercedes-Benz Mobility, Software, Automotive industry, Car dealership, Airline, Electric battery, Renewable energy, Mobile phone

Powered by clean energy: Through both direct and indirect means, the charging hub uses renewable energy and is carbon neutral.

Key Points: 
  • Powered by clean energy: Through both direct and indirect means, the charging hub uses renewable energy and is carbon neutral.
  • To download photos of the Sandy Springs charging hub, please click here:
    The Mercedes-Benz Charging Network will set a new benchmark for quality and customer experience in the charging industry.
  • Key Mercedes-Benz Charging Network Highlights:
    The Fastest Charging Network in the US: The Mercedes-Benz Charging Network will exclusively offer chargers of up to 400kW at all charging hubs.
  • The Mercedes-Benz Charging Network promises premium customer experiences, complete with nearby amenities to integrate charging into EV drivers’ daily lives.

Quilvest Capital Partners and Axis IOS Launch $500m Joint Venture For Industrial Outdoor Storage Strategy and Complete First Acquisition

Retrieved on: 
Thursday, December 7, 2023
International joint venture, Acquisition, Joint venture, Real estate, Consumer, Partnership, IOS, Transport, Financial services, Axis

ATLANTA, Dec. 7, 2023 /PRNewswire/ -- Quilvest Capital Partners ("Quilvest"), a global private investment firm, and Axis IOS ("Axis"), a real estate investment platform headquartered in Atlanta, have launched a joint venture (the "Joint Venture") to acquire and operate an approximately $500 million portfolio of Industrial Outdoor Storage ("IOS") properties across the United States.

Key Points: 
  • ATLANTA, Dec. 7, 2023 /PRNewswire/ -- Quilvest Capital Partners ("Quilvest"), a global private investment firm, and Axis IOS ("Axis"), a real estate investment platform headquartered in Atlanta, have launched a joint venture (the "Joint Venture") to acquire and operate an approximately $500 million portfolio of Industrial Outdoor Storage ("IOS") properties across the United States.
  • The Joint Venture's IOS strategy will be to aggregate and operate a portfolio of industrial outdoor storage properties across the US.
  • Barry Hammerman, Partner and Co-head of Real Estate at Quilvest, said:
    "We began investing in IOS in 2021 and are delighted to expand our portfolio in partnership with Axis.
  • Crawford Arnold, Partner and Founder of Axis, commented:
    "With our exclusive focus on the industrial outdoor storage sector combined with our team's significant real estate experience, we are excited to form a partnership with Quilvest to execute in this high-potential sector."

Capella Granted Killero West Exploration Permit and Provides Update for Maiden Drill Program at Killero East Copper-Gold Target, Northern Finland

Retrieved on: 
Tuesday, December 5, 2023
Society of Economic Geologists, Anomaly, Joint venture, Geology, FRA, Metallurgy, SEG, ASX, Anglo American plc, University, GTK, SE, Society, News, Mining, Rare-earth element, Granite, Capella, Outokumpu, Central Lapland Greenstone Belt

The Killero West permit complements the five exploration permits which were previously granted in May, 2023, including the Killero East permit where exceptional historical Base of Till ("BoT") copper-gold anomalies were generated by Anglo American plc (Figure 1; Company News Release dated May 30, 2023).

Key Points: 
  • The Killero West permit complements the five exploration permits which were previously granted in May, 2023, including the Killero East permit where exceptional historical Base of Till ("BoT") copper-gold anomalies were generated by Anglo American plc (Figure 1; Company News Release dated May 30, 2023).
  • Capella currently expects scout core drilling of the priority Killero East target to commence in late Q1, 2024; this drill program would represent the first ever drill testing of the historical BoT copper-gold anomalies.
  • Capella is also currently evaluating an initial diamond drill program on the Saattopora West target - the northwestern extension to Outokumpu Oy's former Saattopora gold-copper mining operation - during the northern 2024 summer.
  • Location of the newly-granted Killero West permit plus the five exploration permits granted in May, 2023 (Saattopora W, Keisunselka, Jolhikko, Katajavaara, and Killero East) in the Northern Finland Gold-Copper Project.

EQS-News: Deutsche Rohstoff AG: Expansion of the portfolio of lithium projects in Australia

Retrieved on: 
Thursday, December 14, 2023
ASX, Mining, Sensor-based sorting, Soil, WKN, Lithium, Joint venture

The portfolio now comprises a total of seven projects.

Key Points: 
  • The portfolio now comprises a total of seven projects.
  • SensOre and Deutsche Rohstoff AG founded the joint venture on a 30:70 basis in the beginning of 2023.
  • Jan-Philipp Weitz, CEO, said: “We want to use SensOre’s technology to acquire exploration targets with potential for mineable deposits.
  • We are focusing on projects at a very early stage that can be tested with low capital expenditure.

Portman Ridge Finance Corporation Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Joint Ventures, Par, Share repurchase, GAAP, Joint venture, CLO, Comparables, Natural borrowing limit, NAV, Total, Investment, Video game, Security (finance), Cryptocurrency, Bank

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Declared stockholder distribution of $0.69 per share for the fourth quarter of 2023, payable on November 30, 2023 to stockholders of record at the close of business on November 20, 2023.
  • Including the distribution subsequent to the announcement of full year 2022 earnings results, total stockholder distributions for 2023 amount to $2.75 per share.
  • Instead, the net leverage ratio should be reviewed only in connection with such U.S. GAAP measures in analyzing Portman Ridge’s financial condition.
  • Operating results for the three months and nine ended September 30, 2023 and September 30, 2022 were as follows:

Mercedes-Benz Announces Strategic Agreement with Buc-ee's to Join Forces to Deliver Premium EV Charging Experience at Buc-ee's Locations Nationwide

Retrieved on: 
Thursday, November 9, 2023
EV, Electric Vehicles, Other Retail, Specialty, General Automotive, Public Transport, Transportation, Convenience Store, Automotive, Travel, Other Transport, Retail, Transport, Other Automotive, Digital, Mercedes-Benz, Insurance, Athlon, Mercedes-Benz Mobility, Food, Mercedes-Benz Bank, Mercedes-Benz Group, Organization, EQ, Texas Triangle, Multimedia, Buc-ee's, EBIT, Trust, Joint venture, MN8, Mobility, Vehicle registration plates of Nepal, Optare StarRider, FREE, DCS, Drink, Map, I-95, Car dealership, Rail transport, Automotive industry

This collaboration underscores the commitment of both organizations to provide exceptional value and an unparalleled experience to their customers.

Key Points: 
  • This collaboration underscores the commitment of both organizations to provide exceptional value and an unparalleled experience to their customers.
  • Buc-ee’s strategic locations along major travel routes, combined with their commitment to clean and accessible amenities, aligns perfectly with our vision.
  • Mercedes-Benz HPC NA and Buc-ee's look forward to delivering a revolutionary charging and travel experience to EV drivers nationwide.
  • As part of Mercedes-Benz Mobility AG, we play a crucial role in expanding the North American EV charging infrastructure and driving EV adoption.

PharmAla Completes Historic First Shipment of MDMA and Psilocybin to Cortexa

Retrieved on: 
Tuesday, November 7, 2023
Psilocybin, ASX, JV, Sale, MDMA, OTC, Research, CSE, Joint venture, Clinical trial, API, MDXX, GMP, Authorization, Patient, Pharmaceutical industry

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:PMBHF), a biotechnology company focused on the research, development, and manufacturing of novel MDXX class molecules (including MDMA), is pleased to announce that it has completed its first shipment of MDMA and psilocybin to Cortexa, its 50:50 Australian Joint Venture with Vitura Health Limited (ASX: VIT).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA) (OTC:PMBHF), a biotechnology company focused on the research, development, and manufacturing of novel MDXX class molecules (including MDMA), is pleased to announce that it has completed its first shipment of MDMA and psilocybin to Cortexa, its 50:50 Australian Joint Venture with Vitura Health Limited (ASX: VIT).
  • This shipment marks the first time that any molecules recently re-scheduled under the Authorized Prescriber Scheme were brought into Australia explicitly for use under that scheme, rather than for clinical trial purposes.
  • The shipment, completed in several parts, includes both psilocybin and MDMA, and contains a both API and finished drug product capsules.
  • “As PharmAla’s JV partner in Cortexa, we at Vitura Health are proud to continue to lead the industry in the provision of both of GMP grade Psilocybin and MDMA, which will be used in treating patients as soon as possible.