Expansion

Pacira BioSciences Reports Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

TAMPA, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today reported financial results for the fourth quarter and full-year of 2023.

Key Points: 
  • ET —
    TAMPA, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today reported financial results for the fourth quarter and full-year of 2023.
  • Fourth quarter 2023 iovera° net product sales were $6.0 million, a 32% increase over the $4.6 million reported in the fourth quarter of 2022.
  • Total operating expenses were $148.1 million in the fourth quarter of 2023, versus the $181.8 million reported for the fourth quarter of 2022.
  • Cash provided by operations was $47.6 million in the fourth quarter of 2023, compared to $42.0 million in the fourth quarter of 2022.

Readout of SBA Administrator Guzman’s Visit Scranton to Celebrate Biden-Harris Administration Investments in Small Businesses

Retrieved on: 
Tuesday, February 27, 2024

They then participated in a press conference where Mayor Cognetti unveiled the new grants for local small businesses through President Biden’s American Rescue Plan.

Key Points: 
  • They then participated in a press conference where Mayor Cognetti unveiled the new grants for local small businesses through President Biden’s American Rescue Plan.
  • Administrator Guzman, Director Perez, and Mayor Cognetti then headed to On&On Vintage Marketplace, a locally-owned vintage and antique store.
  • Administrator Guzman and owner Danielle Fleming discussed how the Biden-Harris Administration’s Investing in America agenda is supporting entrepreneurs and fueling our nation’s economic growth.
  • Under the Biden-Harris Administration’s Investing in America Agenda, America is experiencing a historic Small Business Boom, with a record-breaking 16.5 million new small business applications filed since President Biden took office – including 440,000 in Pennsylvania.

Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project

Retrieved on: 
Monday, February 26, 2024

The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).

Key Points: 
  • The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).
  • In addition, longtime Rogers Sugar shareholder Belkorp Industries Inc. (“Belkorp”) has agreed to purchase approximately $10 million of Common Shares, also by way of a concurrent private placement.
  • The Expansion Project will increase the production capacity of Lantic’s Montreal plant by approximately 20%, or 100,000 metric tonnes.
  • The total investment for the Expansion Project is estimated at approximately $200 million.

908 Devices Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Revenue Outlook

Retrieved on: 
Tuesday, March 5, 2024

The installed base grew to 2,853 devices with 139 devices placed during the fourth quarter 2023.

Key Points: 
  • The installed base grew to 2,853 devices with 139 devices placed during the fourth quarter 2023.
  • Gross profit was $7.3 million for the fourth quarter of 2023, compared to $5.9 million for the corresponding prior year period.
  • Operating expenses were $17.0 million for the fourth quarter of 2023, compared to $16.3 million for the corresponding prior year period.
  • 908 Devices will host a conference call to discuss the fourth quarter and full year 2023 financial results before market open on Tuesday, March 5, 2024 at 5:30 am Pacific Time / 8:30 am Eastern Time.

Perfect Corp. Goes West with the Expansion of the Global Beauty & Fashion Tech Forum, Inviting Attendees to Discover the Magic of Beautiful AI

Retrieved on: 
Tuesday, February 20, 2024

This year’s theme, “The Magic of Beautiful AI”, will highlight the many ways AI technology is transforming the consumer experience and bringing personalization to shoppers across beauty, fashion, skincare and beyond.

Key Points: 
  • This year’s theme, “The Magic of Beautiful AI”, will highlight the many ways AI technology is transforming the consumer experience and bringing personalization to shoppers across beauty, fashion, skincare and beyond.
  • Goes West with the Expansion of the Global Beauty & Fashion Tech Forum, Inviting Attendees to Discover the Magic of Beautiful AI (Graphic: Business Wire)
    Admission to the event is free, however advanced registration is required and space is limited.
  • To register, visit: https://www.perfectcorp.com/business/global-beauty-tech-forum
    This year’s West Coast Global Beauty & Fashion Tech Forum will feature an insightful afternoon of programming including a keynote presentation by Perfect Corp.
  • For more information on the West Coast Global Beauty & Fashion Tech Forum, visit https://www.perfectcorp.com/business/global-beauty-tech-forum
    West Coast Beauty and Fashion Tech Forum Speaker Sessions:
    Beautiful AI Keynote from Perfect Corp.

IPD Announces Monumental Expansion and Innovation in the Heavy-Duty Engine Parts Industry

Retrieved on: 
Thursday, March 7, 2024

CARSON, Calif., March 7, 2024 /PRNewswire-PRWeb/ -- IPD, the leading manufacturer and distributor of high-quality heavy-duty engine parts, proudly announces its significant global expansion and the launch of its innovative product line. With the inauguration of a new, larger headquarters in Carson, CA, and a strategic expansion into Dubai, IPD is set to redefine industry standards for quality, durability, and service worldwide.

Key Points: 
  • CARSON, Calif., March 7, 2024 /PRNewswire-PRWeb/ -- IPD , the leading manufacturer and distributor of high-quality heavy-duty engine parts, proudly announces its significant global expansion and the launch of its innovative product line.
  • With the inauguration of a new, larger headquarters in Carson, CA, and a strategic expansion into Dubai, IPD is set to redefine industry standards for quality, durability, and service worldwide.
  • said Michael Badar, IPD President
    Since its founding in 1955 by Bob Rasmussen and Walter Storm, IPD has consistently pushed the boundaries of innovation in the heavy-duty engine parts sector.
  • Visit the [IDA Universal January-February 2024 Issue for more on our story of innovation and commitment to quality in the heavy-duty engine parts industry.

NEW YORK CITY REGIONAL CENTER-MANAGED ENTITY PROVIDES $19 MILLION FOR THE ARMORY TRACK & FIELD COMPLEX IN WASHINGTON HEIGHTS

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- New York City Regional Center is pleased to announce the closing of $19,000,000 in New Market Tax Credit financing to help fund building upgrades and ongoing operating expenses at the Armory Nike Track & Field Center in Washington Heights.

Key Points: 
  • NEW YORK, Feb. 28, 2024 /PRNewswire/ -- New York City Regional Center is pleased to announce the closing of $19,000,000 in New Market Tax Credit financing to help fund building upgrades and ongoing operating expenses at the Armory Nike Track & Field Center in Washington Heights.
  • The Armory Foundation oversees the premier indoor track & field center in America and hosts over 100 track meets annually including the marquee Millrose Games.
  • The Armory College Prep High School Program provides college prep and academic counseling services to hundreds of under resourced New York City public high school students.
  • Private capital is incentivized by providing federal income tax credits to investors in exchange for making equity investments in low-income neighborhoods.

VALISURE ANNOUNCES NEW VENTURE PARTNERS AND EXPANSION OF LEADERSHIP TEAM

Retrieved on: 
Wednesday, February 28, 2024

NEW HAVEN, Conn., Feb. 28, 2024 /PRNewswire/ -- Valisure, a healthcare industry pioneer for independent quality assurance in pharmaceutical drugs, has recently received substantial investments from leading healthcare venture capital firms to accelerate Valisure's rapid growth and impact. Concurrently, the company is pleased to announce key leadership developments, including appointing a highly experienced healthcare leader as CEO and additional expansion of its executive team.

Key Points: 
  • Concurrently, the company is pleased to announce key leadership developments, including appointing a highly experienced healthcare leader as CEO and additional expansion of its executive team.
  • Valisure has gained global recognition for its commitment to ensuring the safety and quality of medications through its highly impactful, independent testing.
  • "I look forward to collaborating with the talented team and enabling Valisure to expand its work with the industry to strategically address these issues."
  • Likewise, Wolfgang Hinz, Ph.D., has assumed a pivotal leadership position as the Chief Scientific Officer of Valisure.

Reinvent Telecom Invests More Than $15 Million in Infrastructure & Bolsters Leadership Team with 4 Proven Leaders

Retrieved on: 
Wednesday, February 28, 2024

SCOTTSDALE, Ariz., Feb. 28, 2024 /PRNewswire-PRWeb/ -- Reinvent Telecom, a leading provider of customized unified communications, contact center solutions, SIP trunking, business messaging and direct routing for Microsoft Teams, announced today at ASCII Edge 2024 in Southern California, a comprehensive investment strategy aimed at leveraging current market opportunities within the wholesale cloud communications sector.

Key Points: 
  • Reinvent Telecom's multiyear plan allocates more than $15 million toward upgrading its infrastructure and team expertise with executives from Microsoft, Nextiva, and Consumer Cellular.
  • VoIP providers also may downsize to attract investors or cut expenses, leading to compromised service quality for their clients and partners.
  • Reinvent Telecom's $15 million capital infusion aims to modernize and expand its core infrastructure, offering cutting-edge cloud communications services.
  • Reinvent has onboarded four seasoned communications leaders to spearhead these ambitious expansion plans to fill pivotal technical and support roles.

Robert Cimorelli, RPh., SVP of Regulatory and Strategic Operations, Joins Curexa Pharmacy's Executive Team

Retrieved on: 
Thursday, February 22, 2024

EGG HARBOR TOWNSHIP, N.J., Feb. 22, 2024 /PRNewswire/ -- Curexa Pharmacy (Curexa), a leading national pharmacy based in Egg Harbor Township (EHT), New Jersey, proudly announces Robert Cimorelli, RPh., as the new Senior Vice President of Regulatory and Strategic Operations.

Key Points: 
  • Cimorelli brings extensive expertise in pharmaceutical research, product development, quality assurance, regulatory affairs, strategic planning, and operations.
  • His compounding proficiency spans sterile and non-sterile processes for human and veterinary markets, including nuclear medicine.
  • Curexa, an API-connected 503A compounding pharmacy, partners with direct-to-consumer telemedicine wellness brands to offer customized pharmaceutical products.
  • With pharmacist licensure in fifteen states and membership in the International Society of Pharmaceutical Engineering, Cimorelli is dedicated to advancing healthcare solutions at Curexa.