Daily Archives: May 3, 2018

IFAC Perspective on Way Forward After Considering Objective Analysis of Monitoring Group Consultation Responses

NEW YORK, May 03, 2018 (GLOBE NEWSWIRE) — IFAC (International Federation of Accountants) commissioned Gibson Dunn, a leading global law firm, to perform an independent qualitative and quantitative analysis of the public responses to the Consultation Paper published by the Monitoring Group: Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest.

A large number of responses were received from stakeholders from around the world.

  • The 179 responses included investors, standard setters, government auditors, regulators, researchers, individuals, accounting firms and professional organizations from a wide range of geographies.
  • In any consultation, the input from all respondents must be considered. It should be noted that 74 professional accountancy organizations, or 41 percent of all respondents, felt strongly enough to provide comments. Notably, the overall, main conclusions from the report remained intact even when responses from these accountancy organizations were removed from the analysis.

The Gibson Dunn analysis highlighted marked differences of opinion across geographies and stakeholder groups on key proposals, but included several overall, main conclusions:

  • Respondents generally criticized the premise of the Consultation Paper, namely that there are major concerns with the current standard-setting process. Respondents also expressed concern that a Public Interest Framework to evaluate change has not yet been issued and agreed.
  • Respondents generally expressed skepticism regarding the broader governance changes proposed by the Consultation Paper.
  • Respondents provided significant support for some operational changes proposed in the Consultation Paper.

After carefully reviewing the report IFAC has the following observations:

Broad support and agreement for any Public Interest Framework is necessary before any of the broader governance changes proposed can be properly assessed.

  • While there was virtually universal agreement that any changes must be in the public interest, there was significant criticism that the proposed Public Interest Framework has not been released for consultation.
  • The Public Interest Framework, agreed by stakeholders, should include multi stakeholder composition of both the standards boards and their oversight bodies, and should provide the umbrella within which all significant proposals can be evaluated and agreed as an integrated package by key stakeholders.

Seeking consensus on proposals which could have a significant global impact depends not only on the merits of the proposals but also on the way the process is conducted; a new multi stakeholder approach is needed.

  • The way forward should be under the direction of a multi stakeholder group that will engage all key stakeholders in a broad, open and collaborative dialogue.
  • The need for this multi stakeholder group is reinforced not only by the multi stakeholder elements that should undoubtedly form part of the Public Interest Framework but also by the differences of opinion that currently exist across geographies and stakeholder groups.
  • Without this approach global agreement and international acceptance is unlikely.

Change and transition can bring significant disruption and risk that must be mitigated.

  • Any steps taken must not jeopardize the existing widespread adoption of the International Auditing and Assurance Standards Board (IAASB) and International Ethics Standards Board for Accountants (IESBA) standards, their acknowledged high quality, or the standard boards’ current work plans.
  • This concern is particularly relevant at a time when the standard-setting process must deal in a timely way with the impact of changes to complex accounting standards, as well as a rapidly changing technology and audit environment.
  • Any changes proposed must be justified on a cost/benefit basis and have widespread international support, particularly as there is general agreement among respondents on the absence of significant problems with the current standard-setting processes.
  • Forming a multi stakeholder group to take the process forward should assist in mitigating disruption and risk.

Steps to improve operational processes can and should be taken quickly.

  • There is strong support for some operational changes.
  • IFAC takes its responsibility to support the operations of the independent standard-setting boards very seriously.
  • IFAC is reviewing identified operational areas with IAASB and IESBA leadership and other stakeholders to determine the actions they would agree can be taken now to improve the efficiency and effectiveness of the operations of the two boards in the public interest.

IFAC intends to actively engage with all stakeholders to seek a revised approach to improve the standard-setting process, that responds constructively to the feedback received, and that is:

  • Grounded in a Public Interest Framework that needs to be agreed as a first step in the process.
  • Under the direction of a multi stakeholder group.
  • Designed to minimize disruption and risk.
  • Focused on making agreed operational improvements.

IFAC welcomes stakeholders’ reactions to these observations.

Please send any comments to communications@ifac.org.

Tony Mirenda
Head of Communications

Neuralstem Announces Publication of Long-Term Follow-up Data on ALS in the Annals of Clinical and Translational Neurology

  • Post-hoc comparison of combined cohorts from Phase 1 and 2 trials vs. historical controls revealed statistically significant difference in scores in functional status and in a composite statistic combining survival and functional status in subjects receiving human spinal cord-derived neural stem cells
  • Study provides validation for additional trials to evaluate the benefit of neural stem cells in ALS patients

GERMANTOWN, Md., May 03, 2018 (GLOBE NEWSWIRE) —  Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company developing novel treatments for nervous system diseases, today announced the results from a study published in the Annals of Clinical and Translational Neurology that support the potential of transplanted human spinal cord-derived neural stem cells (HSSC) to stabilize functioning of amyotrophic lateral sclerosis (ALS) patients. The publication can be found here.

The manuscript entitled “Long-term Phase 1/2 Intraspinal Stem Cell Transplantation Outcomes in Amyotrophic Lateral Sclerosis” had as senior author Study Principal Investigator Eva Feldman, MD, PhD, Russell N. DeJong Professor of Neurology at the University of Michigan. It evaluated the impact of HSSC transplantation on functional outcomes, as measured using the ALSFRS-R scale, and on a composite statistic that combined functional and survival outcomes. Results were evaluated against matched controls derived from two historical datasets and showed significantly better ALSFRS-R scores at 24 months, as well as the composite functional/survival score in subjects receiving HSSC. The ALS Functional Rating Scale-Revised (ALSFRS-R) is a validated questionnaire that measures physical function in performing activities of daily living (ADLs).

“We are looking forward to completing a larger Phase 2b/3 multicenter study,” said Dr. Feldman.

“These data are encouraging and indicate that human spinal cord-derived neural stem cells may provide functional benefit to ALS patients,” said Rich Daly, Neuralstem’s Chief Executive Officer. “We are grateful to the subjects who have participated in these trials and to the clinicians and caregivers involved in performing them. These long-term follow-up data are extremely valuable to us in designing the Company’s Phase 2b/3 clinical study to further evaluate NSI-566, Neuralstem’s cell therapy candidate, in this patient population.”

The Phase 1 and 2 open label dose escalation studies were carried out at the University of Michigan in Ann Arbor, Emory University in Atlanta, and Harvard Medical School in Boston. They enrolled a total of 30 subjects and had as their primary objective to evaluate the safety of intraspinal transplantation of HSSC, while also measuring survival and functional endpoints. Previous publications from the investigators have concluded that the treatment is safe.

About Amyotrophic Lateral Sclerosis (ALS)

ALS is a progressive disease that affects nerve cells, or neurons, in the brain and the spinal cord, leading to degeneration and eventual atrophy of the surrounding muscles. As the condition worsens, motor neurons die, and the brain can no longer control the affected muscles. In time, this causes the loss of patients’ ability to speak, eat, move and breathe, eventually resulting in death. According to the ALS Association, it is estimated that more than 6,000 people in the U.S. are diagnosed with ALS each year, amounting to 15 new cases per day, totaling approximately 20,000 Americans living with the disease at any given time. There is currently no cure or treatment that that halts or reverses the progression of the disease.

About Neuralstem

Neuralstem is a clinical-stage biopharmaceutical company developing novel treatments for nervous system diseases of high unmet medical need. The Company has two lead development candidates:

  • NSI-189, is a small molecule in clinical development for major depressive disorder and in preclinical development for Angelman syndrome, irradiation-induced cognitive impairment, Type 1 and Type 2 diabetes, and stroke.
  • NSI-566 is a stem cell therapy being tested for treatment of paralysis in stroke, Amyotrophic Lateral Sclerosis (ALS) and chronic spinal cord injury (cSCI).

Neuralstem’s diversified portfolio of product candidates is based on its proprietary neural stem cell technology.

Cautionary Statement Regarding Forward Looking Information

This news release contains “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Neuralstem’s periodic reports, including the Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission (SEC), and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.


Kimberly Minarovich
Argot Partners (Investor Relations)

Absolute running, absolute half marathon

SHANGHAI, China, May 03, 2018 (GLOBE NEWSWIRE) — Early in this morning (April 22nd), runners from all over the country and even around the world gathered together here at the foot of the Oriental Pearl TV Tower in Lujiazui, Pudong. They came for the event of the 2018 Bright Dairy Change U · Shanghai International Half Marathon, got together for “absolute half marathon” and cheered for “two marathons in one city”. Today, 15000 runners confidently set foot on this vibrant and beautiful racing track, kicking off the pure and special competition in Pudong, Shanghai.

At 7 a.m., leaders and distinguished guests including Xu Bin (Secretary of the Party Committee and Director of the Sports Bureau of Shanghai Municipality), Li Guohua and Zhu Di (Vice Governor of the Pudong New Area), Wang Qiang (Board Chairman of Donghao Lansheng Group), Chen Yiping (Vice Chairman of the Sports Federation of Shanghai Municipality), Luo Hai (Vice President of Bright Dairy) jointly shot the starting pistol for the 2018 Bright Dairy Change U · Shanghai International Half Marathon. Luo Wenhua (Deputy Director of the Sports Bureau of Shanghai Municipality) presided over the launching ceremony.

To create a world-class half marathon event, the organizing committee invited nearly 40 specially-invited international outstanding athletes to participate in the competition. The weather then was sunny to cloudy with 3 to 4 grade southerly wind and with fairly good quality air. The perfect event security setting gave the top-ranking athletes a helping hand in achieving excellent results. At last, the male athlete Geoffrey Kimutai Koech from Kenya became the first one to cross the finish line after 1 hour, 3 minutes and 16 seconds and the female athlete Haftamnesh Tesfay Haylu from Ethiopia took the lead in female with 1 hour, 12 minutes and 32 seconds.

After four years of development and accumulation, the 2018 Bright Chang U Shanghai International Half Marathon has won the support and love of countless marathon runners with the event slogan “absolute half marathon” and the certainly worth expecting splendid performance. This year, the Shanghai International Half Marathon has provided more professional and meticulous service and perfect event security, achieving a half marathon competition rate of 98% shown by the statistical data of the timing chips of the organizing committee.

Behind the event slogan of “absolute half marathon and absolute spectacular” comes the support of all sectors of society. With the support of various departments and sectors such as the Sports Bureau of Shanghai Municipality, the Shanghai Public Security Bureau, the Shanghai Municipal Commission of Health and Family Planning, the Shanghai Municipal Transportation Commission, the Shanghai Afforestation and City Appearance Management Bureau, the Shanghai Environmental Protection Bureau, the Shanghai Meteorological Bureau, the Shanghai Communications Administration, the Shanghai Construction Committee and the joint endeavor of the cadres and workers of Pudong New Area, nearly ten thousand security team members have built a secure service network for the event, safeguarding the smooth running of the event participants.

Elaborate Preparations and Adoption of World-Class Game Standards
The Shanghai International Half Marathon, which has made improvements together with the marathon runners, aims at accompanying the runners in facing the challenges of half marathon with its quality event platform, professional event supporting service and perfect track route. For the year of 2018, adopting the world-class road running competition standards as its professional code, taking “runners come first” as its philosophy and targeting at making the Shanghai International Half Marathon event as Shanghai city’s icon, the organizing committee has tried its best to provide the marathon runners with excellent event experience including event setting, en route supply, innovative service and the comprehensive security after crossing the finish line with the most professional attitude.

This year, the most creative and surprising item to the marathon runners is the new friend on the track-BLUE LINE, which is the national first application of the event running track with the shortest distance, namely following this specific line at every turn will be exactly 21.0975 kilometers. This shortest event running track has not only enabled the specially-invited world-class athletes to create better event results, but also has given quite a number of marathon runners the chance to break their PB (Personal Best).

The event has adopted the method of starting with different starting pistols and has divided the 15000 athletes into 3 zones – Zone A, Zone B and Zone C based on their competition results, with the athletes of Zone A and Zone B starting their marathon running at 7:00 and the athletes of Zone C at 7:15. This event setting has not only relieved the pressure of the saturated event track but also offered the runners a comfortable running track as much as possible. The professional event setting has boosted the event specialty. While putting runners first has always been the core philosophy, the Shangma Series will continue its efforts in optimizing the participating experience of the runners and combining profession and humanization to the best

Multiple Protections to Safeguard the 3 Hours for 15000 Athletes
In order to make a first-class half marathon event and to add another brand-new city card to Shanghai, the event organizing committee takes safety as its core philosophy and escorts the participating runners with more professional and more meticulous service based on the concerted efforts and close coordination of the event operation team, the medical aid team, the public security and protection team and the volunteer team. The design of the beautiful, smooth and totally-enclosed track makes the participating athletes experience the marathon in a more secure, more dedicated and more enjoyable way.

Taking into account of the sultry weather, the organizing committee has set up drinking water and beverage stations from 5 kilometers away from the starting point, add-water stations from 7.5 kilometers from the starting point and also added ice bucket equipment to each sponging station to facilitate the timely hydration and cooling for the participants. There are 5 spray stations along the marathon track, located at 8 kilometers, 11 kilometers, 13.4 kilometers, 17.8 kilometers and 19.8 kilometers away from the starting point respectively. With the aim of providing safeguarding in a more secure and abundant way, 3 energy supply points are established from 12 kilometers to give the runners a hand by offering them supplies such as carefully selected bananas, cherry tomatoes and cakes which are suitable for supplementing physical energy.

There are altogether 21 medical aid stations and 10 ambulances for medical care. This year, 17 groups of people are responsible for medical tours on bicycles, consisting of professional doctors with AED and emergency volunteers. Cycling medical care team members scatter in the participating runners along the marathon track in order to observe the physical state of the runners more closely and respond to emergencies more rapidly. For the purpose of making the runners participate in the marathon event more securely, the organizing committee staff equips every medical aid station with AED along the track. Together with the AEDs of the cycling medical care team members, a total number of 88 AEDs are provided, which is the highest number of AEDs in domestic half marathon events. The event is equipped with more than 800 security staff, 140 judges and 1598 volunteers, transforming every 100 meters of the 21.0975 kilometers into safe distance and weaving a strong safety network to safeguard every participant.

Intimate Service – A Complete Demonstration of the Elegant Demeanour of Shangma
The 2018 Shanghai International Half Marathon takes the idea of putting runners first as its core philosophy and aims at meeting the requirements of the runners with the most intimate service, the most humanized setting, trying to optimize the participating experience of the runners as much as possible and helping the runners bring out their best running performance.

The 2018 Shanghai International Half Marathon remains to cooperate with Shanghai Shentong Metro in launching metro souvenir tickets. The humanity reflected from the ticket is deeply loved by the runners, for it could satisfy the journey needs of the runners and could also be kept as a souvenir.

Along the marathon track, the organizing committee has elaborately set up musical cheering stations, cheering squads and drum bands with the purpose of making the runners fully enjoy the surrounding competition atmosphere while embracing the landscape and culture of Pudong. This year, in addition to official supplies, personal supply stations are set up on Qianyao Road and Qiantan Avenue. Early in the morning, the supporting groups came to their individual sections to lay out their supplies orderly and cheered for the runners of their groups along the marathon track, adding a human touch to the whole running track.

At the Oriental Sports Center, the finish line of the half marathon, a family marathon-watching area is first set up to prevent the runners from feeling lonely when they cross the finish line. One hour after the starting of the competition, quite a lot of family relatives arrived at the area, waiting for their relatives and friends to make a sprint at the finish. Their cheers and shouting gave the half marathon heroes a great sense of ceremony and honour, making the runners fully enjoy their own moments of glory.

At the finish line of the marathon games, yesterday and today, there are some different kinds of landscape. The 2018 Adidas Kids Mini-Marathon was successfully completed yesterday. A total number of 173 groups of families signed up for two marathon events – the Kids Mini-Marathon yesterday and the Half Marathon today at the same time. Those families who signed up for two events will get the opportunity to take part in the parent-child medal presentation activity. What the Shanghai International Half Marathon wants to give the runners are the change from “one person’s marathon” to “marathon for the family”, the different ways of participating in and experiencing half marathon for Shanghai people and the warm and unforgettable marathon weekend with the mutual participation of both the runners and their families.

After the competition, the organizing committee has offered the runners of the Shanghai International Half Marathon a new benefit – 10 seconds of video of their crossing the finish line in addition to the traditional service of sending first-time competition results in text messages to the runners and preparing all the event pictures within three days for the runners. Every runner who has crossed the finish line will have access to their own video of finishing the competition afterwards, making the memory of the event more dynamic and the marathon more memorable for the runners.

Absolute Spectacular || “Two Marathons in One City” – Anticipating Participation by All People
The Shangma carries with it the city image, spirit and influence of Shanghai, and the burst of vibration, passion and positive energy of the Shanghai International Half Marathon appeal to every citizen. A new phase of “two marathons in one city” for road running has been opened and this “absolute half marathon” is worth the expectation of everyone.

At the staging area of the starting point, 60 volunteers are responsible for the collection and recycling of garbage. When all the participants threw themselves forwards from the starting line, Lujiazui restored peaceful gradually. 30 sanitation workers of Pudong New Area began to carry out their work in an orderly and efficient manner, aiming to complete the track cleaning and restore urban transportation. The warm reminders and the propaganda of civilized participation before the official start of the event have displayed the concepts of civilized sports and have cultivated an absolutely environmental-friendly running etiquette among all the participants.

The event enjoyed live broadcast by Great Sports Channel, network broadcast by MIGU and Sina Sports, interactive communication through new media and synchronized broadcast by Great Sports Channel Micro TV, achieving real-time interaction with runners and adding color to this road running carnival of ten thousand runners. The 10 seconds video keeps record of the moments of every runner crossing the finish line, giving the runners the chance to enjoy the playback of their final moments based on the time of their crossing the finish line. In addition, the event clips of the 2018 Shanghai International Half Marathon will be available in more than 145 foreign cities and can be played through television broadcast.

The 2018 Shanghai International Half Marathon can be described as a boisterous event. In order to better encourage and stimulate the passion of the runners, players of Shanghai Bright Ubest Women’s Volleyball Club came to present medals for the first 100 runners crossing the finish line. The star Yang Youning arrived at the finish line 15 minutes before the completion of the event and awarded honorary medals for the last runners to cross the finish line and took pictures together.

After four years of development and accumulation, the Shanghai International Half Marathon bears with it not only the heavy expectations of the runners but also the greatest support and deepest love of the vast citizens, even the whole city of Shanghai. The Shanghai International Half Marathon will continue its efforts in becoming an event of international level comparable to world-class competitions and also the half marathon hall of honour in the hearts of the runners.

name: Lily Li
email: general@shmarathon.com

Scaled Agile Appoints Partner Development and Enablement Manager in India to Meet Growing Demand

Company Taps Industry Veteran to Expand Global Partner Network Throughout Region

BANGALORE, India, May 02, 2018 (GLOBE NEWSWIRE) — Scaled Agile, Inc., provider of SAFe®, the world’s leading framework for enterprise agility, today announced the company has appointed a new Partner Development and Enablement Manager in Bangalore, India to support the growth of the Scaled Agile Framework® (SAFe®) there as well as in ASEAN member countries. The new operation further expands Scaled Agile’s global footprint, providing an active presence in the rapidly expanding Indian market and enhancing the company’s ability to continue to serve clients on a global basis.

“India continues to be a vibrant and important center of technical expertise that helps extend software and system development capabilities across the globe,” said Chris James, President and Chief Operating Officer, Scaled Agile. “As the SAFe community in India continues its explosive growth, this new position will help meet the growing demand for support of the Framework in the region and allows our partners to meet the myriad challenges their customers are faced with in a new environment of continuous innovation and digital disruption.”

The South Asian marketplace has transitioned from simple offshore services to end-to-end integration with business environments driven by digital disruption to meet their customers’ changing needs. The application of SAFe for organizations where 50+ people are working on the same product, service, or system can become a key enabler for future enterprise success.   The Scaled Agile Partner Network supports SAFe implementations and can bring important tools to assist organizations successfully make that transformation.

Pranjal Swarup, Partner Development and Enablement Manager for Scaled Agile, will expand the company’s global partner network throughout the region. With 14 years of extensive experience in service delivery, channel enablement, and technology consulting, Pranjal’s background allows Scaled Agile to provide partners with regional support in the same time zone, understand the local culture, identify and enable local partners, helping them to grow, and provide value to their customers.

“SAFe is a key enabler for systems and software enterprises in India to implement principles and practices for achieving Agile at scale,” said Michael Stump, Vice President, Global Partner Development and Enablement, Scaled Agile. “It provides a common terminology and common understanding, and therefore alignment within the enterprise and end-to-end with the customer. That helps deliver value more quickly, more cost-effectively, with higher customer satisfaction, and much better alignment with shifting market demands.”

“We were delighted to see the great amount of interest and support for SAFe at the recent Agile India conference as organizations develop Agile skills to meet both international and domestic needs,” Stump added. “Scaled Agile will continue to invest in India to support the adoption of SAFe, supported by training and certification as well as implementation support via our Partner Network.”

The Scaled Agile Partner Network offers worldwide SAFe expertise and support through a network of more than 180 partners. From implementation and consulting services across industries and disciplines to platforms for SAFe automation, visibility, and flow, Scaled Agile and the Partner Network offer training and coaching for all SAFe roles.

By connecting strategy to execution across teams, SAFe demonstrates how to apply Lean and Agile practices and principles to the team, program, and portfolio levels, ultimately unlocking enterprise agility. This framework allows organizations to create alignment and achieve better business results, increasing customer satisfaction by quickly reacting to a client’s changing requirements, providing faster time-to-market, and enabling improved employee engagement and job satisfaction.

About Scaled Agile, Inc.:

Scaled Agile, Inc., is the provider of SAFe®, the world’s leading framework for enterprise agility. Through learning and certification, a global partner network, and a growing community of over 200,000 trained professionals, Scaled Agile helps enterprises build better systems, increase employee engagement, and improve business outcomes. Scaled Agile is a contributing member of the Pledge 1% corporate philanthropy and community service movement. Learn about Scaled Agile and SAFe at scaledagile.com and scaledagileframework.com.

Media Contact: 
Danielle Calfo, MAPRagency

Bill Rigler, MAPRagency

Medibio Receives CE Certification

CE certification opens doors for further commercialization

SYDNEY, Australia and MINNEAPOLIS, May 02, 2018 (GLOBE NEWSWIRE) — Medibio Limited (MEB or the Company) (ASX:MEB) (OTCQB:MDBIF), a mental health technology company, is pleased to confirm it has received CE (Conformité Européenne) Marking certification for its first release technology product and platform.

Demonstrating that the product complies with European health and safety standards, the CE Marking was granted on 2 May 2018 (GMT) by DQS Med for Medibio’s product and platform.

The successful introduction of rest of world applications in key countries will provide Medibio with the ability to further commercialize its technology and platform in alignment with our strategic plans for additional product releases.

Supported by its technological and scientific platform, Medibio’s product enables clinicians and individuals to evaluate stress-level phenotypes, combined with dimensional circadian heart-sleep biometrics and physiological biometrics. With the support of Medibio’s app-based and web-based scientific platforms, this comprehensive system will allow for the non-invasive, comprehensive evaluation and monitoring of mental health.

“Acquiring CE Marking represents the successful completion of a lengthy and thorough evaluation process, and marks an important threshold for the company. We are pleased to have delivered against this key milestone. Alongside the recent announcement of our corporate mental health product, this accomplishment provides further validation of the product offering and technology,” said CEO and Managing Director, Jack Cosentino. “We are eager to progress to a new phase, and committed across the organization to deliver exceptional product quality and operational excellence as we work towards transforming mental health care delivery.”

About Medibio Limited
Medibio (ASX:MEB) (OTCQB:MDBIF) is a mental health technology company that has pioneered the use of objective biometrics to assist in the screening, diagnosing, monitoring and management of depression and other mental health conditions. The company offers comprehensive mental health solutions for business through its Corporate Health programs and is developing products to serve both the consumer and regulated healthcare provider markets. The company was founded in Australia, with offices located in Melbourne (Vic), Perth (WA), and U.S. offices in Minneapolis, MN. Medibio is listed on the Australian Securities Exchange Ltd and trades on the OTCQB Venture Market. Investors can find additional information on www.otcmarkets.com and www.asx.com.au.

Further Information:  Website: www.medibio.com.au
Medibio Shareholder Enquiries:
Stephanie Ottens
Investor Relations Director
Medibio Limited
T: +61 434 405 400
Australian Media Enquiries:
Peter Taylor
NWR Communications
T: +61 (0) 412 036 231

Deputy PM chairs meeting on use of WB, ADB loans

Deputy Prime Minister and Foreign Minister Pham Binh Minh chaired a meeting in Hanoi on Wednesday to review and accelerate the launch of 26 projects using loans from the World Bank (WB) and the Asian Development Bank (ADB) for 2017-2018.

Deputy PM Minh, who is also head of the National Steering Committee on ODA and preferential loans, asked the State Bank of Vietnam to collect the opinions of ministries, agencies, and localities about projects to be submitted to the relevant decision makers. The Ministry of Planning and Investment was asked to make a list of approved projects using foreign loans that are absent from the medium-term public investment plan, to ensure that the loans are fully utilized.

The 26 projects cover infrastructure upgrading, tertiary education improvement, urban development, new-style rural construction, the grassroots medical network, and more efficient use of water in drought-hit provinces.

Source: VOV5

EC proposes post-Brexit joint budget

European Commission President Jean-Claude Juncker on Wednesday proposed an EU budget of nearly 1.28 trillion euros for 2021-2027 after the UK leaves the EU.

Juncker said the budget covers research projects, technology, foreign aid, stabilization of areas using the euro common currency, and compensation for people who lost their jobs because of the open market mechanism.

The EC urged each of the 27 EU member countries to pay a 10-billion-euro compensation after the UK ends its contribution.

Source: VOV5