Beam

Beam Therapeutics Reports Fourth Quarter and Year-End 2022 Financial Results and Reiterates Anticipated Milestones

Retrieved on: 
Tuesday, February 28, 2023
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CAMBRIDGE, Mass., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today reaffirmed its anticipated upcoming milestones across the company’s hematology, immunology-oncology, and genetic disease portfolios and reported fourth quarter and full year 2022 financial results.

Key Points: 
  • North Carolina Manufacturing Facility Open and Operational, Expected to Commence cGMP Operations in Late 2023
    Ended Fourth Quarter 2022 with $1.1 Billion in Cash, Cash Equivalents and Marketable Securities
    CAMBRIDGE, Mass., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today reaffirmed its anticipated upcoming milestones across the company’s hematology, immunology-oncology, and genetic disease portfolios and reported fourth quarter and full year 2022 financial results.
  • Research & Development (R&D) Expenses: R&D expenses were $86.3 million for the fourth quarter of 2022 and $311.6 million for the full year ended December 31, 2022, compared to $96.8 million for the fourth quarter of 2021 and $387.1 million for the full year ended December 31, 2021.
  • General & Administrative (G&A) Expenses: G&A expenses were $22.7 million for the fourth quarter of 2022 and $87.8 million for the full year ended December 31, 2022, compared to $17.8 million for the fourth quarter of 2021 and $57.2 million for the full year ended December 31, 2021.
  • Beam expects that its cash, cash equivalents and marketable securities as of December 31, 2022, will enable the company to fund its anticipated operating expenses and capital expenditure requirements at least into 2025.

Apellis Pharmaceuticals Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Tuesday, February 21, 2023
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EMPAVELI for the treatment of PNH:

Key Points: 
  • EMPAVELI for the treatment of PNH:
    Apellis recorded $19.7 million and $65.1 million in EMPAVELI U.S. net product revenue for the fourth quarter and full year 2022, respectively.
  • Fourth Quarter and Full Year 2022 Financial Results:
    Cash.
  • R&D expenses were $99.4 million for the fourth quarter of 2022, compared to $108.2 million for the same period in 2021.
  • G&A expenses were $84.4 million for the fourth quarter of 2022, compared to $41.5 million for the same period in 2021.

Beam Global Receives Order from City of Austin, Texas for Sustainable EV Charging Products through the Federal GSA Contract Disaster Purchasing Program

Retrieved on: 
Tuesday, February 21, 2023
City, Emergency, Electricity, MAS, GSA, Federation, ARC, EVS, Beam Suntory, Beam, EV, General Services Administration, SAN, Fireworks

The City of Austin also awarded Beam Global a contract, including the Company’s GSA listed products, which streamlines the purchase process for City departments, without going through extensive individual contracting requirements.

Key Points: 
  • The City of Austin also awarded Beam Global a contract, including the Company’s GSA listed products, which streamlines the purchase process for City departments, without going through extensive individual contracting requirements.
  • The Beam Global EV ARC™ off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responder use in emergencies.
  • Using the GSA contract gave the City of Austin federal government best pricing, saving time and money, while enabling them to acquire Beam Global’s rapidly deployed EV charging infrastructure products.
  • For more information on purchasing Beam EV ARC™ ready-to-deploy sustainable EV charging solutions at GSA pricing, please contact The Beam Team at 858-799-4583 or [email protected] .

Beam Global Receives Multiple Orders from Correctional Facilities for EV ARC™ Off-Grid EV Charging Systems

Retrieved on: 
Tuesday, February 14, 2023
State, Government, Federal Bureau of Prisons facilities in California, Electricity, MAS, GSA, California Department, ARC, Risk, General Services Administration, DGS, EVS, Beam Suntory, EV, Beam, SAN, Census, Environment, California Department of General Services, Fireworks, Prison

“This is another excellent example of the unique and valuable attributes our rapidly deployed, low touch infrastructure products bring to the EV charging space,” said Beam Global CEO Desmond Wheatley.

Key Points: 
  • “This is another excellent example of the unique and valuable attributes our rapidly deployed, low touch infrastructure products bring to the EV charging space,” said Beam Global CEO Desmond Wheatley.
  • Sites with physical security concerns like correctional facilities—both public and private—need EV charging infrastructure without the risk that traditional installation projects introduce.
  • For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions please contact The Beam Team at 858-799-4583 or [email protected] .
  • Beam Global EV ARC™ off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responders.

WeCommerce Signs Definitive Agreement to Combine with Tiny

Retrieved on: 
Monday, January 23, 2023
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Pursuant to the transaction, WeCommerce Holdings Ltd.("WeCommerce") will issue approximately 146.4 million shares to the former shareholders of Tiny Capital Ltd. ("Tiny") and its affiliates.

Key Points: 
  • Pursuant to the transaction, WeCommerce Holdings Ltd.("WeCommerce") will issue approximately 146.4 million shares to the former shareholders of Tiny Capital Ltd. ("Tiny") and its affiliates.
  • VICTORIA, BC, Jan. 23, 2023 /CNW/ - WeCommerce (TSXV: WE) is pleased to announce that it has entered into a definitive amalgamation agreement with Tiny and 1396773 B.C.
  • WeCommerce will acquire all of the issued and outstanding common shares of Tiny ("Tiny Shares") through Amalco and will issue approximately 146.4 million WeCommerce Shares to Tiny shareholders as consideration therefor (with approximately 11.4 million existing WeCommerce Shares held by Tiny and Tiny Holdings Ltd. being cancelled concurrent with the closing of the Transaction, resulting in approximately 177.9 million fully diluted WeCommerce Shares outstanding on a pro-forma, post-cancellation basis at closing).
  • The Agreement contains customary representations and warranties of WeCommerce and Tiny, which will expire on closing of the Transaction, and customary interim operational covenants for WeCommerce and Tiny for a transaction of this nature.

Beam Global Receives First Native Nation Order from The Confederated Tribes of Grand Ronde in Oregon

Retrieved on: 
Tuesday, February 7, 2023
Electricity, EVS, EV, Confederated Tribes of the Grand Ronde Community of Oregon, State, Beam, SAN, Confederated Tribes, Beam Suntory, Environment, Nature, Natural Resources, ARC, Fireworks, Engineering

This represents the first Native Nation order for Beam Global.

Key Points: 
  • This represents the first Native Nation order for Beam Global.
  • “We are thrilled to be bringing the EV ARC to Grand Ronde so our employees and community members can charge their electric vehicles.
  • Finding an electric vehicle charging solution that requires no construction and no electrical grid hassle felt like a breakthrough for us,” said Ryan Webb, Engineering and Planning Manager at The Confederated Tribes of Grand Ronde.
  • “The 100% solar-powered EV ARC product perfectly reflects The Confederated Tribes of Grand Ronde’s commitment to the responsible stewardship of natural resources and to serving their community,” said Beam Global CEO Desmond Wheatley.

Beam Global Announces the New ARC Mobility™ Trailer for Fast Transport and Relocation of EV ARC™ Solar-Powered EV Charging Solutions

Retrieved on: 
Tuesday, January 31, 2023
Beam, Beam Suntory, Safety, SAN, Emergency, EV, Movement, ARC, Fireworks

SAN DIEGO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the ARC Mobility™ trailer, a specialized hydraulic transport solution designed to rapidly transport and relocate off-grid EV ARC™ sustainable EV charging systems.

Key Points: 
  • SAN DIEGO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the ARC Mobility™ trailer, a specialized hydraulic transport solution designed to rapidly transport and relocate off-grid EV ARC™ sustainable EV charging systems.
  • The transport system can be purchased to more efficiently manage the placement and movement of transportable Beam EV ARC™ solar-powered charging products.
  • The ARC Mobility™ trailer is manufactured at the Beam factory in San Diego and was designed by Beam engineers to make it fast and easy for one person to stow, transport, place, unstow, and deploy solar-powered EV ARC™ charging solutions.
  • Our repeat customers are placing multi-unit second and third orders to build out their EV charging infrastructure with off-grid transportable EV ARC systems.

Beam Global is Issued Patents in China and India for Thermal Management Technology that Makes Lithium-ion Batteries Safer

Retrieved on: 
Thursday, January 19, 2023
Transport, Cell, EV, IEA, Union, China National Intellectual Property Administration, Temperature, Patent, PCM, Safety, Controller, Research, Beam, Beam Suntory, Automation, Battery pack, SAN, BMS, IP, CNIPA, USD, Renewable energy, Rail transport

ZL 2018 8 0026414.8 issued December 6, 2022, and the Indian Patent Certificate for Patent No.

Key Points: 
  • ZL 2018 8 0026414.8 issued December 6, 2022, and the Indian Patent Certificate for Patent No.
  • We now have various patents covering our battery technology and innovations in the US, China, the European Union, France, Germany and India,” said Desmond Wheatley, Beam Global’s CEO.
  • Protecting this and all our other valuable IP in China, India and Europe is important particularly as we continue to consider international expansion opportunities.”
    The electrification of transportation continues to gain global momentum.
  • More vehicles were sold in China in 2021 (3.3 million) than in the entire world in 2020.

Beam Global Received $500K Order from Dallas County through the Federal GSA Contract Disaster Purchasing Program

Retrieved on: 
Tuesday, January 10, 2023
GSA, State, EV, EVS, Radioactive Isotope Beam Factory, Enel, Beam, MAS, Beam Suntory, Emergency, General Services Administration, SAN, Electricity, ARC, Fireworks

The Beam Global EV ARC™ off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responder use in emergencies.

Key Points: 
  • The Beam Global EV ARC™ off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responder use in emergencies.
  • Using the GSA contract gave Dallas County federal government best pricing, saving time and money while enabling them to acquire Beam Global’s rapidly deployed EV charging infrastructure products without going through extensive individual contracting processes.
  • Fleet managers need access to charging during increasingly frequent grid outages, and Beam’s EV ARC solar-powered systems provide EV charging even during power failures,” said Beam Global CEO Desmond Wheatley.
  • For more information on purchasing Beam EV ARC™ ready-to-deploy sustainable EV charging solutions at GSA pricing, please contact The Beam Team at 858-799-4583 or [email protected] .

Beam Therapeutics Reports Progress Across Base Editing Portfolio and Outlines Key Anticipated Milestones

Retrieved on: 
Monday, January 9, 2023
IND, Disease, Pizzicato, Cell, Blood, Toxicity, Thalassemia, Tissue, HSC, Biotechnology, Fetal hemoglobin, LNP, Safety, Glucose, FDA, SCD, Mutation, Security, Starch, Gene editing, Toxic epidermal necrolysis, ASH, Conference, CD7, Immune system, Patient, G6PC, Research, Cancer, Clinical trial, Hematology, Science, Liver, Society, Sickle cell disease, AATD, Investment, Genetic disorder, ESCAPE, Pharmaceutical industry, Vaccine, Medical imaging, Beam

“Beam enters 2023 with significant momentum across all of our core pipeline areas and an expanding leadership position in the next generation of gene editing,” said John Evans, chief executive officer of Beam.

Key Points: 
  • “Beam enters 2023 with significant momentum across all of our core pipeline areas and an expanding leadership position in the next generation of gene editing,” said John Evans, chief executive officer of Beam.
  • Platform Opportunity: Beam is advancing its Engineered Stem Cell Antibody Paired Evasion (ESCAPE) conditioning strategy in an effort to bring base editing treatments to more patients.
  • In December 2022, Beam presented in vivo proof-of-concept data at the American Society of Hematology Annual Meeting and Exposition (ASH) highlighting its potential.
  • BEAM-201: In December 2022, Beam received clearance from the FDA for its Investigational New Drug (IND) application for BEAM-201.