REYKJAVIK, Iceland-Friday 26 March 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Alvotech strongly disputes AbbVie’s allegations of wrongdoing relating to AVT02, Alvotech’s proposed biosimilar to HUMIRA® (adalimumab). Alvotech will vigorously defend against these allegations.

Notably, AbbVie waited over three years from the purported date of the alleged wrongdoing to file its case, doing so after the ex-AbbVie employee had already left Alvotech and without naming the ex-AbbVie employee as a defendant.

This lack of urgency causes Alvotech to question the motivation behind the case. Indeed, Alvotech believes that the case may be part of a larger AbbVie strategy to delay an emerging competitor from providing patients with a lower-cost alternative to AbbVie’s HUMIRA® high-concentration product.

Alvotech will continue its efforts to increase accessibility to high quality and affordable medicines.

About Alvotech:

Alvotech i ... Read more »

COURBEVOIE, France -Friday 26 March 2021 [ AETOS Wire ]

IDEMIA, global leader in Augmented Identity, and Cybernetica, leader in secure data transmissions and digital identity, partner up to offer governments and other interested parties a new two-in-one digital ID solution.
The solution aims to reinforce trust in mobile-based ID authentication and qualified signatures when using remote online services.
(BUSINESS WIRE)-- This partnership increases value for eService providers and citizens by offering strong mobile authentication and digital signatures. It enables reliable and convenient access to eServices regardless of location, by turning a citizen’s smartphone or tablet into a highly-secure authentication and signing device.

Cybernetica’s technology, SplitKey, complements IDEMIA’s digital ID solutions based on biometrics in order to better meet the diverse needs of governments with a mobile-app and cloud-based approach. These solutions ... Read more »

Neustar-sponsored study reveals challenges and benefits of using threat feeds

LONDON-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Threat data feeds can help organisations strengthen their cybersecurity posture, according to a new report from Ponemon Institute, the pre-eminent research centre dedicated to privacy, data protection and information security policy. Neustar Inc., a global information services and technology company and leader in identity resolution, sponsored the independently conducted study on the state of threat feed effectiveness in the United States and the United Kingdom.

As cyberthreats proliferate, many organisations are using threat feeds with insights from domain name system (DNS) data to help IT security teams better understand threats and block malicious activity. A large majority (79%) of the more than 1,000 security professionals participating in the Ponemon study said threat data feeds were essential to their organisatio ... Read more »

Payout of dividend and Board and Executive Committee compensation confirmed. Shareholders also approved capital reduction through the cancellation of shares repurchased under ABB’s share buyback program.

ZURICH-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- The shareholders of ABB have approved all the proposals by the company’s Board of Directors at its 2021 Annual General Meeting. Due to the extraordinary circumstances and in line with applicable Swiss COVID-19 legislation, shareholders were not able to attend the meeting in person but could exercise their shareholder rights via the independent proxy who represented 59 percent of the issued share capital.

The shareholders supported the proposed distribution of a dividend of CHF 0.80 per share with

99.4 percent of the votes. The dividend payment in Switzerland is planned for March 31, 2021. The shareholders also approved the management report, the consolidated financial s ... Read more »

WASHINGTON-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Xlear has filed a Pre-Emergency Use Authorization (Pre-EUA) Request with the U.S. Food and Drug Administration (FDA) seeking approval to make claims that the nasal spray is approved for use in preventing SARS-CoV-2 (COVID-19) transmission and infection. The Pre-EUA is a first step in seeking formal authorization of Xlear Nasal Spray as tool to help in combatting COVID-19.

Xlear previously filed a pre-EUA seeking approval for use of the nasal spray as a medical device in combatting COVID-19. However, because the FDA determined that Xlear “works against the virus,” the FDA told Xlear it would need to be considered as a drug or combination product EUA.

“Seeing that the FDA says Xlear works against the virus, we have decided to seek EUA approval as a drug,” said Nathan Jones, Xlear’s CEO.

Xlear’s Pre-EUA Request is based on recent studies showing the nas ... Read more »

Company to accelerate growth, backed by lead investor and Executive Chairman David Pottruck, former CEO of Charles Schwab

PHILADELPHIA-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Grovara, the largest B2B global marketplace for U.S. natural and organic brands, announced today the closing of a $5.5 million seed round financing to transform global commerce. David Pottruck led the round and was named Executive Chairman, and he was joined by SPINS, Bluestein Ventures, Spiral Sun Ventures, Siddhi Capital, CEAS Investments, and E and A Venture Capital LLC.

The new investment will be used to expand sales and support resources in key regions worldwide and appoint leadership for brands, sales, and business development. Grovara will also invest in additional supply chain team members, roll out marketing initiatives, develop global partnerships, and continue with product enhancements to its first-to-market technology platform.

“We are happy to b ... Read more »

Winners to be Announced at the Year in Infrastructure 2021 Conference

EXTON, Pa.-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Bentley Systems, Incorporated, (Nasdaq: BSY), the infrastructure engineering software company, has announced its call for nominations for the 2021 Going Digital Awards in Infrastructure program. Formerly known as the Year in Infrastructure Awards, this global awards program, judged by independent juries of industry experts, recognize infrastructure projects for digital innovations that improve project delivery and/or asset performance. The deadline for nominations is May 21, 2021.

The Going Digital Awards are an integral part of Bentley’s annual Year in Infrastructure Conference. The conference brings together infrastructure professionals and industry thought leaders from around the world to share best practices and learn about the latest advances in technology that will improve infrastructure project delivery a ... Read more »

Company Prioritizes Soil Health, Decarbonization, Employee Safety and Animal Welfare

DULUTH, Ga.-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, Monday released its 2020 Sustainability Report https://ar2020.agcocorp.com/sustainability/. Included in the report is a range of goals and commitments, such as its target to reduce greenhouse gas emissions across its manufacturing operations by 20 percent by the end of 2026.

The Sustainability Report, the first published by AGCO since 2014, follows AGCO`s announcement in October 2020 of a global sustainability function and comes on the heels of its new farmer-first strategy, which was unveiled earlier this month and includes sustainability as a key component.

“AGCO’s new vision and purpose reinforce our commitment to rapid innovation and the evolution of pre ... Read more »

Available in 173 Countries Worldwide in 12 Different Languages!

TOKYO-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Today, Eve-sense Inc. is pleased to announce the official launch of its brand-new smartphone (Android) app, “Casino Station – Global Ranking".

Casino Station Official Website
https://contents.eve-sense.com/casino-station/

Information on the official release of Casino Station
https://play.google.com/store/apps/details?id=net.ca_si_no.gamestation

Here’s what’s great about Casino Station!

We have created an app available in 173 countries worldwide in 12 different languages that specializes in full-fledged casino games. Aside from letting players enjoy a multitude of realistic games of chance, it also allows them to view game titles currently under development by category, enabling them to play while aiming for which title will come out next. Over 100 different titles will b ... Read more »

Follow-up share buyback program expected to begin in April 2021 and run until 2022 Annual General Meeting.

ZURICH, Switzerland-Thursday 25 March 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- ABB has completed its initial share buyback program that was launched in July 2020 as part of the company’s commitment to return to shareholders cash proceeds from the Power Grids divestment of $7.6-7.8 billion. Through the initial buyback program, ABB repurchased a total of 128,620,589 shares – equivalent to 5.93 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $3.5 billion over the past 8 months.

At today’s Annual General Meeting (AGM), as separately announced, ABB shareholders approved the cancellation of 115 million shares purchased under the initial share buyback program.

Consistent with ABB’s capital structure optimization program, ABB’s Board of Directors today approved a ... Read more »