New Board

Mallinckrodt plc Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Provides 2024 Guidance

Retrieved on: 
Tuesday, March 26, 2024
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Adjusted gross profit as a percentage of sales was 62.3% for the fourth quarter of 2023, as compared to 65.9% for the fourth quarter of 2022.

Key Points: 
  • Adjusted gross profit as a percentage of sales was 62.3% for the fourth quarter of 2023, as compared to 65.9% for the fourth quarter of 2022.
  • Mallinckrodt expects fiscal 2024 Acthar Gel net revenue to decline in the low single digits, compared with fiscal 2023.
  • Mallinckrodt received FDA clearance of the INOmax EVOLVE DS Delivery System in the fourth quarter of 2023.
  • Please see the "Reconciliation of Non-GAAP Financial Guidance" included in this release for a reconciliation of GAAP and non-GAAP financial measures for the fourth quarter of 2023 and fiscal 2023.

ENZOLYTICS, INC. SHAREHOLDERS HOLD SPECIAL MEETING AND ELECT NEW BOARD

Retrieved on: 
Monday, March 25, 2024
New Board, The Company, News, Acquisition, Shareholder, Bank statement, OTC, Management

ALLEN, Texas, March 25, 2024 /PRNewswire/ -- Enzolytics, Inc. (OTC PINK:ENZC) (https://enzolytics.com/"https://enzolytics.com/). Enzolytics, Inc. (the "Company") On March 19th, 2024, a Special Meeting of the Shareholders of ENZC  of which a quorum was present representing over 51% of the voting right of the company was held and new board of directors was elected.

Key Points: 
  • Enzolytics, Inc. (the "Company") On March 19th, 2024, a Special Meeting of the Shareholders of ENZC  of which a quorum was present representing over 51% of the voting right of the company was held and new board of directors was elected.
  • This new board consists of Harry Zhabilov, Chairman of the Board; Dr. Lachezar Ivanov, and Dr. Gaurav Chandra.
  • Dr. Ivanov and Harry Zhabilov have accepted their position as director, as of this date, Dr. Chandra has not.
  • Immediately following this Special Shareholder Meeting,  the New Board of Directors were noticed by Harry Zhabilov of a Special Called Meeting of the Board of Directors, which was held March 21, 2024 and a quorum was present.

BrainCheck Secures $15 Million to Fuel Expansion and Adoption of its Next Generation Digital Cognitive Assessment and Care Planning Platform

Retrieved on: 
Wednesday, March 6, 2024
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AUSTIN, Texas, March 6, 2024 /PRNewswire/ -- BrainCheck, Inc., a digital health innovator delivering first-of-its-kind technology into the growing digital cognitive assessment market, today announced a $15 million new financing round, led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises, the innovation, commercialization, and venture capital arm of UPMC. The Company also expanded its Board of Directors with the appointment of Nicholas Shapiro, Vice President, UPMC Enterprises, as a new board member, further strengthening the Company's strategic leadership.

Key Points: 
  • This announcement follows the recent launch of BrainCheck's next generation platform and 3-minute screening solution, which empowers clinicians to screen and monitor patients' cognitive function anytime, anywhere.
  • "We thank our current and new investors for their continued support and look forward to deploying this capital to play an important role in revolutionizing cognitive care."
  • "We believe in BrainCheck's vision to pioneer a fundamental shift in how cognitive care is delivered," said Michael Smerklo, Co-Founder and Managing Partner of Next Coast Ventures.
  • For more information about BrainCheck and its innovative cognitive assessment solutions, please visit www.braincheck.com .

NAMM Announces Eight New Board Members

Retrieved on: 
Friday, January 26, 2024
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ANAHEIM, Calif., Jan. 26, 2024 /PRNewswire/ -- The annual meeting of members convened on the first day of The NAMM Show, the largest global gathering of the music industry, and officially NAMM (The National Association of Music Merchants) welcomed eight new board members to its Board of Directors.

Key Points: 
  • ANAHEIM, Calif., Jan. 26, 2024 /PRNewswire/ -- The annual meeting of members convened on the first day of The NAMM Show, the largest global gathering of the music industry, and officially NAMM (The National Association of Music Merchants) welcomed eight new board members to its Board of Directors.
  • These 24 NAMM members are elected in slates of eight, rotating on and off every January.
  • Tom Sumner, NAMM Chair, thanked the outgoing Board members during the annual meeting of members and lauded their ideas and expertise, which have benefited the organization and its members as whole.
  • For a full list of current NAMM Board of Directors and Executive Committee members, please visit https://www.namm.org/about/board-members

Surge Ventures Expands Board of Advisors with the Addition of Nimesh Mehta, Joseph Kuo, Brian Johnson and Ann Robinson

Retrieved on: 
Monday, January 22, 2024
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MENLO PARK, Calif., Jan. 22, 2024 /PRNewswire/ -- Surge Ventures (Surge), a new SaaS venture studio initially targeting the financial services and wealth management industry, announced the expansion of its advisory board comprised of wealth management and FinTech industry executives to help guide the firm as it continues its journey to find, fund and nurture the leading technologies of tomorrow. New Board members are Nimesh Mehta, Joseph Kuo, Brian Johnson and Ann Robinson. They join current members, Jason Lish (Chairman), Dr. Neil Daswani, John Rostern, Larry Roth, Matthew Martin, Geoff Moore.

Key Points: 
  • New Board members are Nimesh Mehta, Joseph Kuo, Brian Johnson and Ann Robinson.
  • Surge has established a strong Industry Council comprised of seasoned executives and influencers from across the FinTech and wealth management sectors.
  • The new Board members will add their voices as strategic counselors to Surge's leadership, as the firm executes its vision and growth plans.
  • "I am extremely excited to welcome Nimesh, Joe, Brian and Ann to the Surge Ventures Industry Council," said Lish.

Rebecca Malmquist is 2024 IAAO President

Retrieved on: 
Wednesday, January 3, 2024
Geography, International Association, Research, Executive Committee, New Board, City, PPS, University, AAS, CAE, Female, Nursing

KANSAS CITY, Mo., Jan. 3, 2024 /PRNewswire/ -- Rebecca Malmquist, CAE, assumed the office of President of the International Association of Assessing Officers (IAAO) on Jan. 1, 2024.

Key Points: 
  • KANSAS CITY, Mo., Jan. 3, 2024 /PRNewswire/ -- Rebecca Malmquist, CAE, assumed the office of President of the International Association of Assessing Officers (IAAO) on Jan. 1, 2024.
  • As the 2024 IAAO President, Ms. Malmquist is Chair of the Board of Directors.
  • In recent elections to join Ms. Malmquist on the IAAO Executive Committee for one-year terms, IAAO members elected Donna Vandervries, CAE, AAS, PPS, Esq., Equalization Director, Muskegon County, Michigan, as IAAO President-Elect/Treasurer; and William Healey, RES, Chief Assessor, City of Lewiston, Maine as IAAO Vice President.
  • 2023 IAAO President Patrick Alesandrini, CAE, RES, Hillsborough County, Florida, Chief Information Officer remains on the Executive Committee as 2024 Past President.

Oxurion Avoids Bankruptcy, Announces Board and Management Changes and Enters into Binding Letter of Intent with its Main Creditor Atlas

Retrieved on: 
Thursday, December 28, 2023
Annex, Risk, FDA, Brussels Stock Exchange, CDO, Convertible, USD, CSO, Communication, Geographic atrophy, Drug development, CFO, Executive Committee, Bankruptcy, AMD, Disease, Rothschild Bank, Cayman, Debt, EUR, Capital, Therapy, Paratriathlon, Running, Working capital, Person, New Board, Injection, Composition, Composition of matter, Patient, TotalEnergies, Medicine, Partnership, Section 1, Doctor of Philosophy, IVT, Prospectus, LOI, Negotiation, Retina, Security (finance)

Given this market potential, vast amounts of time and capital that have been invested to find an effective treatment for GA.

Key Points: 
  • Given this market potential, vast amounts of time and capital that have been invested to find an effective treatment for GA.
  • Earlier this year the FDA approved the first medicine for the treatment of GA, SYFOVRE®1 (pegcetacoplan injection) from Apellis.
  • In August of this year, a second product was approved for GA, IZERVAY™2(avacincaptad pegol intravitreal solution) from Iveric Bio, an Astellas company, with a similar profile to SYFOVE.
  • In the event the total Working Capital costs would amount to the total remaining amount under the Atlas funding program, i.e.

Fiber Broadband Association Elects 2024 Board of Directors

Retrieved on: 
Wednesday, December 13, 2023
Technology, Networks, Internet, Telecommunications, Market development, Public policy, FBA, Freeman, OFS, Organization, Woman, New Board, Chairperson, Google Fiber, History, Graybar, Region, Trust (social science), EPB, Conference, Robert Espeseth, Middle mile, Working Group, Internet service provider, Management

The Fiber Broadband Association (FBA) today announced its 2024 Board of Directors as the organization leads the industry through its largest investment cycle ever.

Key Points: 
  • The Fiber Broadband Association (FBA) today announced its 2024 Board of Directors as the organization leads the industry through its largest investment cycle ever.
  • “As we look forward to 2024, the fiber broadband industry has a lot to be excited about,” said Gary Bolton, President and CEO at the Fiber Broadband Association.
  • “We’re set to experience the biggest and best year in fiber broadband history, and our 2024 Board of Directors is an excellent group of experienced leaders to guide us through it.
  • The 2024 Board of Directors elections were held at the Fiber Broadband Association’s 2023 Premier Members Meeting, December 4-5, in Palm Springs, Calif.

Cazoo Announces Completion of Debt Restructuring and Related Transactions on December 6, 2023

Retrieved on: 
Thursday, December 7, 2023
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Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the “Transactions”) on December 6, 2023.

Key Points: 
  • Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the “Transactions”) on December 6, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231206913728/en/
    Paul Whitehead, Chief Executive Officer of Cazoo, said, “I am delighted that we have now completed these transactions.
  • Cazoo launched only four years ago this week and has already sold almost 150,000 cars entirely online to consumers across the UK.
  • “Completion of these transactions represents a significant inflection point for Cazoo.

Mallinckrodt Completes Financial Restructuring and Irish Examinership Proceedings and Emerges From Chapter 11

Retrieved on: 
Tuesday, November 14, 2023
EBITDA, Food and Drug Administration, Corporation, Independent monitoring board, Food, New Board, LLP, Chairperson, Silver Point Capital, Patient, FDA, Specialty, Trust, Latham & Watkins, Growth, Guggenheim Partners, The Company, Adrenocorticotropic hormone (medication), AlixPartners, Alpha Metallurgical Resources, Pharmaceutical industry, Management, Mallinckrodt, Ajman Specialty General Hospital

DUBLIN, Nov. 14, 2023 /PRNewswire/ -- Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has completed its financial restructuring, emerged from Chapter 11 following an expedited court-supervised process and completed the Irish Examinership Proceedings.

Key Points: 
  • DUBLIN, Nov. 14, 2023 /PRNewswire/ -- Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has completed its financial restructuring, emerged from Chapter 11 following an expedited court-supervised process and completed the Irish Examinership Proceedings.
  • Supported by an enhanced capital structure, Mallinckrodt will continue to focus on advancing its business across its portfolio and executing on recent and planned product launches.
  • The Company's Specialty Generics segment benefits from vertical integration and high-quality U.S.-based manufacturing plants that have supported strong growth.
  • Latham & Watkins LLP, Wachtell, Lipton, Rosen & Katz, Arthur Cox LLP, Richards, Layton & Finger PA, and Hogan Lovells US LLP served as Mallinckrodt's counsel.