Daily Archives: October 10, 2019

Informa Pharma Intelligence Launches New Product Citeline Engage

Citeline Engage will deliver real-world data and customized engagement opportunities to help customers optimize site selection and increase trial efficiencies to accelerate clinical trial timelines

LONDON, Oct. 10, 2019 (GLOBE NEWSWIRE) — Informa Pharma Intelligence today announces Citeline Engage, a new solution allowing contact research organizations (CROs) and sponsors to optimize site selection and increase trial efficiencies to accelerate clinical trial timelines and enable a faster path to market for drugs. Citeline Engage is a first-to-market solution designed specifically to help optimize protocol development, site feasibility, and, most importantly, increase physician engagement and drive patient awareness to support faster enrollment into clinical trials.

Clinical trials have long been a pain point for industry players, and Citeline Engage is designed to help increase efficiency across a notoriously difficult, yet imperative area, of the pharma industry. Informa Pharma Intelligence’s Citeline Engage utilizes real-world data to offer the most efficient outreach services that allow customers to better recruit investigators and patients, optimize trial protocols, and ignite awareness around trials.

By combining trial and investigator intelligence available through Citeline with a verified audience of healthcare professionals through Skipta, Citeline Engage helps CROs and sponsors expedite patient enrollment, drive efficiency and mitigate the risk of trial failure:

  • Investigator Recruitment: Citeline Engage allows clients to accelerate site pre-qualification and recruitment timelines, even when facing saturated markets and rare disease areas.
  • Protocol and Study Design Optimization: Clients can gather direct feedback from physicians, clinical investigators and key opinion leaders to mitigate protocol challenges related to study design or patient recruitment.
  • Trial Awareness: Studies have shown that only a small fraction of patients and healthcare providers are aware that participation in a clinical trial was an option at the time of diagnosis. Citeline Engage ignites awareness of upcoming and ongoing trials through targeted outreach to physicians, clinical investigators and other health care professionals who have access to validated, difficult-to-reach patient populations.

“We have the real-world data to create powerful connections and optimize protocol development, site feasibility, and most importantly physician engagement and patient awareness,” said Nicola Marlin, Vice President of Product Development at Informa Pharma Intelligence. “Citeline Engage empowers organizations to create and run the most efficient clinical trials possible through targeting and recruiting top tier investigators and select sites using unique online communities of verified healthcare professionals.”

About Informa Pharma Intelligence
Informa Pharma Intelligence powers a full suite of analysis products — Datamonitor Healthcare, Sitetrove, Trialtrove, Pharmaprojects, Medtrack, Biomedtracker, Scrip, Pink Sheet and In Vivo — to deliver the data needed by the pharmaceutical and biomedical industry to make decisions and create real-world opportunities for growth.

Skipta, part of Informa’s Pharma Intelligence vertical, is the leading social network of specialized online medical communities for verified healthcare professionals (HCPs).  Skipta’s growing network of more than 25 specialty communities allow verified HCPs to communicate and collaborate with peers in a focused, secure environment.  The company enables pharmaceutical and biotech brands to drive awareness and behavior change by bringing to them multi-channel access to 700,000+ verified HCPs through integrated engagement programs.

With more than 500 analysts keeping their fingers on the pulse of the industry, no key disease, clinical trial, drug approval or R&D project isn’t covered through the breadth and depth of data available to customers. For more information visit pharmaintelligence.informa.com.

Media Contact
Diffusion PR for Informa Pharma Intelligence
informapharma@diffusionpr.com
646.571.0120

Ctrip signs agreement with Japanese railway company JR Kyushu

Co-operation to drive inbound tourism to the Kyushu region

Signing Ceremony

JR Kyushu Senior Managing Executive Officer Mr. Yohji Furumiya (left), Ctrip Chief Marketing Officer Mr. Bo Sun (right) at the signing ceremony

SHANGHAI, China, Oct. 10, 2019 (GLOBE NEWSWIRE) — Ctrip Group, Asia’s largest online travel agency, today signed a memorandum of understanding (MOU) with JR Kyushu Railway Company (below: JR Kyushu), in a partnership that promises to drive Chinese and foreign tourism to the Kyushu region. For Ctrip, the co-operation marks the company’s second with JR Railways, having signed an agreement with JR East in April 2018.

JR Kyushu Railway Company Senior Managing Executive Officer Mr. Yohji Furumiya and Ctrip Chief Marketing Officer Mr. Bo Sun signed the agreement at a ceremony held on at Ctrip Headquarters.

Kyushu is a popular destination for Chinese tourists and has played a key role in Ctrip’s efforts to boost inbound tourism in Japan. Innovative products that improve accessibility for inbound tourists have driven tourism to the region. The JR Kyushu Rail Pass, a pass that allows free travel on almost all JR lines in Kyushu, has been available on Ctrip’s platform since last April. Furthermore, JR Kyushu has agreed to support Ctrip’s future promotion efforts with Kyushu municipalities by providing advice on popular model routes in the region, as well as resources such as its scenic D&S (Design and Story) trains. The campaign will kick off with a Kyushu experience for Chinese Key Opinion Leaders (KOLs), and will be followed with a series of promotional activities.

JR Kyushu’s Mr. Yohji Furumiya said he is looking forward to the co-operation with Ctrip and elaborated, “We hope that in sharing Kyushu with more Chinese tourists, we will make valuable contributions to the region and build stronger ties between China and Kyushu.”

“Ctrip signed a partnership agreement with Oita prefecture just last month,” said Ctrip’s Mr. Bo Sun, “Kyushu is very popular among Chinese tourists, providing almost everything a tourist could hope for in a destination, from shopping opportunities to hot springs, beautiful cities and towns, and cultural experiences. Through this agreement, Ctrip will share the charm of Kyushu’s seven prefectures with more travelers, and help to increase the accessibility and convenience travel in the region. We hope that Kyushu might become one of Japan’s most desirable travel destinations for Chinese tourists.”

About Ctrip.com International, Ltd.

Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. It is the largest online consolidator of accommodations and transportation tickets in China in terms of transaction volume. Ctrip enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. Ctrip also helps customers book vacation packages and guided tours. In addition, through its corporate travel management services, Ctrip helps corporate clients effectively manage their travel requirements. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.

For further information, please contact:
International PR
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 ext 196455
Email: Pr@ctrip.com

About JR Kyushu Railways Company Co., Ltd.

JR Kyushu Railways Company was established in 1987 and, with a total route length of 2,273km, is the biggest provider of railway services in the Kyushu region. Its network consists of 22 train lines, including a Shinkansen route (Kyushu Shinkansen) and 568 stations. Eleven special scenic trains run on JR Kyushu’s routes, each with a special design dedicated to the region they are operating in. (All figures are as of April 1 2019.)

Sanctions risks to rise in 2020 as regimes grow in complexity

A report released today by consultancy Control Risks examines the increasingly complex and unpredictable global sanctions landscape that businesses will face in the year ahead.

London, Oct. 10, 2019 (GLOBE NEWSWIRE) — Nationalistic US foreign policy, disagreements within the US administration and divergence between the US and Europe will all combine to create a sanctions environment fraught with risk, says the report from global specialist risk consultancy, Control Risks. Adding to the complexity is a growing crop of sanctions regimes being adopted by US allies and opponents – most notably by China and in the Gulf – and sanctions that apply to individuals associated with corruption and human rights abuses.

Navigating the global sanctions landscape in 2020: Diverging paths, increasing risks, identifies five key trends shaping global sanctions risks:

  1. The US is more and more willing to use sanctions, especially as geopolitical dynamics have made it increasingly difficult for the UN Security Council to do so. While the US can afford to impose unilateral primary and secondary sanctions, the lack of international legitimacy greatly complicates implementation – in turn making them less effective.
  2. There is divergence within the US on the use of sanctions. Discrepancies exist between the President’s own intentions and those of his administration and the wider Republican Party. Growing political polarisation in Washington means that significant differences over sanctions policy also persist between the Trump administration and Congress.
  3. There is even greater divergence between the US and the EU on the use of sanctions. Divergence between Trump’s US and key European allies on major foreign policy issues – above all, Iran – is further complicating the global sanctions landscape and increasing sanctions risk.
  4. The US is encouraging its allies to adopt their own sanctions regimes. Most notably, Gulf states have joined this trend and will continue to add to blacklists of their own. Conversely, countries in antagonistic positions to the US, most notably China, are also considering comparable measures of their own.
  5. Country-agnostic sanctions regimes further complicate the global sanctions landscape. Extraterritorial regimes that apply to persons in countries not otherwise subject to sanctions are likely to continue to spread, most notably on human rights and corruption.

How do businesses respond?

The Control Risks report identifies Iran, North Korea, Russia, Venezuela and Syria as the countries to watch when assessing sanctions risks, but stresses that businesses must also remain alert to the risks of dealing with non-sanctioned countries that trade with these five, for example, Turkey with Iran and China with North Korea.

Businesses should keep abreast of guidance from the US Office of Foreign Assets Control (OFAC) and the EU and keep up to date with enforcement actions, says the report.

“Companies should also conduct due diligence beyond immediate counterparties,” said report co-author Henry Smith. “Recent enforcement actions by the US authorities demonstrate the need to consider sanctions exposure throughout your value chain – suppliers through to customers and all that is in between,” added Smith.

Notes to Editors:

Access the full report here.

About Control Risks

Control Risks is a specialist global risk consultancy that helps to create secure, compliant and resilient organisations in an age of ever-changing risk. Working across disciplines, technologies and geographies, everything we do is based on our belief that taking risks is essential to our clients’ success. We provide our clients with the insight to focus resources and ensure they are prepared to resolve the issues and crises that occur in any ambitious global organisation. We go beyond problem-solving and provide the insights and intelligence needed to realise opportunities and grow.

ENDS.

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Kate Rallis
Control Risks
212-561-5302
kate.rallis@controlrisks.com

Nicky Stephens
Control Risks
+ 44 7977982146
nicola.stephens@controlrisks.com

Sinch AB (publ): Sinch expands to Brazil through acquisition of TWW

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire TWW do Brasil S.A. for an enterprise value of BRL 180.750 million. Using today’s SEK/BRL exchange rate of 2.43, this corresponds to SEK 439 million.

Founded in 1996, TWW is today the 3rd largest SMS connectivity provider in Brazil. The company serves more than 3,000 businesses, both large and small, including many of Brazil’s leading enterprises in the banking, retail and education sectors. Messaging volumes are continuously increasing and in 2018, TWW delivered 3.4 billion messages on behalf of its customers. The company employs 37 people in São Paulo, Brazil.

“Sinch has won the trust of some of the world’s largest enterprises through high-quality message delivery and international reach. The acquisition of TWW further strengthens this value proposition and gives us domestic presence in a rapidly expanding, dynamic growth market”, comments Oscar Werner, CEO of Sinch.

With a population of 210 million, Brazil is the largest country in Latin America by population, GDP, and geographical size. It is the fifth most populous country in the world and is now seeing a rapid uptake in smartphone penetration and mobile internet usage. Customer engagement through mobile messaging continues to gain popularity, and a rapid uptake of new technologies presents opportunities for Sinch to offer its broader portfolio of next-generation messaging, voice and video to TWW’s customers.

In 2018, TWW recorded revenues of BRL 134m, gross profit of BRL 35m, and EBITDA of BRL 17.5m. In Swedish krona, using today’s 2.43 SEK/BRL exchange rate, this corresponds to revenues of SEK 326m, gross profit of SEK 85m, and EBITDA of SEK 43m. The total price paid by Sinch implies an EV/EBITDA-multiple of 8.9x based on expected adjusted EBITDA for the full year 2019.

“The success of our business is built on quality delivery and an unflinching focus on customer satisfaction. Together with Sinch, we can continue our growth journey and launch new products in next-generation messaging, voice and video. Our greatest opportunities are still ahead of us”, comments Anthony Pain, CEO and Chairman of TWW.

The transaction is expected to close in the second half of October 2019 and will be financed using Sinch’s available credit facilities.

Sinch has a financial target to maintain net debt/adjusted EBITDA below 2.5x over time. As of Q2 2019, net debt/adjusted EBITDA was 1.0x when measured on a rolling, twelve-month basis. The acquisition of TWW increases Sinch net debt/adjusted EBITDA by around 0.8x. Together with the recent acquisition of myElefant SAS, this implies that Sinch pro forma net debt/adjusted EBITDA rises to around 2.2x following the two acquisitions.

Handelsbanken Capital Markets is serving as a financial advisor to Sinch for the acquisition.

Conference call and webcast
A conference call for analysts and investors will take place today, October 10, at 14.00 CEST. Please dial in a few minutes before the call to ensure that you are connected.

Access code:            6330618

Sweden:                  +46 8 5069 2185
UK:                          +44 203 009 5710
US:                          +1 191 772 00 178

The live webcast will be available at investors.sinch.com/webcast.
Presentation materials will be available at investors.sinch.com.

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile:            +46-722-45 50 55
E-mail:             thomas.heath@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

About TWW

In the market since 1996, TWW is a leading provider of business messaging services in Brazil. Latest-generation infrastructure, direct operator connections and an unflinching commitment to customer excellence has won TWW an approval rating of 98 percent among its more than 3,000 business customers. The company serves customers of all sizes, in all industries, and is based in São Paolo, Brazil.

Important information

This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as “believe”, “estimate”, “anticipate”, “expect”, “assume”, “predict”, “intend”, “may”, “presuppose”, “should” or similar. The forward-looking statements in this release are based on various estimates and assumptions that in several cases are based on additional assumptions. Although Sinch believes these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and that are beyond Sinch’s control. Such risks, uncertainties and important factors could cause the actual results to differ materially from the results expressly or implicitly indicated in this communication through the forward-looking statements. The information, perceptions and the forward-looking statements in this release apply only as of the date of this release and may change without notice.

This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 07:00 CEST on October 10, 2019.

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Philips provides update on its financial performance in Q3 2019

October 10, 2019

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on the third quarter 2019 financial results for the Group, which will be reported on October 28, 2019.

Group sales for the quarter are expected to amount to approximately EUR 4.7 billion, reflecting a strong 6% comparable sales growth with all businesses contributing. Comparable order intake growth in the quarter is expected to be flat on the back of strong 11% growth in the third quarter of 2018.

Group Adjusted EBITA for the quarter is expected to be around EUR 583 million, or 12.4% of sales, compared to 13.2% in Q3 2018. The continued Adjusted EBITA margin improvement of the Diagnosis & Treatment and Personal Health businesses was more than offset by a 4.5 percentage point decline in the Adjusted EBITA margin of the Connected Care businesses (to 11.3% of sales), and a shortfall of around EUR 20 million of license income in the segment Other.

“We continue to see good growth momentum across our businesses,” said Frans van Houten, CEO of Royal Philips. “However, while I am pleased with the operational performance improvements in the Diagnosis & Treatment and Personal Health businesses, it is disappointing that margins declined in the Connected Care businesses. This was due to increasing headwinds from tariffs and a delay in the impact of the mitigating actions, factory under-coverage as production levels were lowered to reduce inventory, and an adverse product mix impact. We will drive further strong mitigating actions to accelerate the improvement in these businesses.

Philips has delivered three consecutive years of at least 100 basis points annual Adjusted EBITA improvements. Given the overall significant headwinds and the underperformance of the Connected Care businesses, we expect that the full year 2019 Adjusted EBITA margin improvement for the Group will be 10 to 20 basis points. For 2020, we expect to deliver a 4-6% comparable sales growth and an Adjusted EBITA margin improvement of around 100 basis points.”

Net income from continuing operations is expected to amount to approximately EUR 210 million in the quarter, which will include a charge of EUR 78 million related to a goodwill impairment in Connected Care.

Philips will discuss today’s announcement on a conference call from 09.30 to 10:00 am CEST, October 10, 2019.

Comparable sales exclude the effect of currency movements and acquisitions and divestments (changes in consolidation). Philips believes that comparable sales information enhances understanding of sales performance; Adjusted EBITA is defined as Income from operations (EBIT) excluding amortization of acquired intangible assets, impairment of goodwill and other intangible assets, restructuring charges, acquisition-related costs and other one-time charges and gains.

For further information, please contact:

Steve Klink
Philips Global Press Office
Tel.: +31 6 10888824
E-mail: steve.klink@philips.com

Ksenija Gonciarenko
Philips Investor Relations
Tel.: +31 20 59 77222
E-mail: ksenija.gonciarenko@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Automobile market can set new sales record

Hanoi The automobile market is expected to set a new record in sales this year with VAMA members and TC Motors selling an average nearly 32,000 cars each month in January-September.

The Vietnam Automobile Manufacturer Association (VAMA) reported on October 10 that its members sold 230,334 cars in the first nine months of 2019, a year-on-year rise of 18 percent.

Sales of passenger cars rose by 30 percent to 168, 994 units, while that of commercial and special-purpose ones went down by 3 percent and 27 percent respectively, to 57,523 and 4,117 units, according to the VAMA.

Besides VAMA members, such brands as TC Motor, Audi, Jaguar, Land Rover, Subaru, Volkswagen and Volvo are also present in Vietnam.

TC Motor, for example, sold a total of 55,473 vehicles of all kinds in January-September.

From now to the year’s end, the automobile market is expected to see over 384,000 vehicles sold, far exceeding the figure of 2018 (nearly 290,000) and the record of 304,000 units in 2016./.

Source: Vietnam News Agency

Vietnam – bright spot in investment attraction in SEA: Singaporean newspaper

Singapore Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.

He made the remark in an article published by Singapore’s Lianhe Zaobao (United Morning) newspaper in its October 9 edition.

In the article, the expert noted that the FDI influx into Vietnam has been on the rise in recent years, citing statistics of the United Nations Conference on Trade and Development (UNCTAD) which showed that 16 billion USD worth of foreign investment was channelled into the country last year.

The expert also cited a recent report of Vietnam’s Ministry of Planning and Investment which said the country attracted more than 18.4 billion USD in the first nine months of the year.

Sam Cheong Chwee stressed that economic and industrial growth will enhance Vietnam’s position as an important partner and market in Southeast Asia.

The result is attributable to the Vietnamese government’s efforts to bolster infrastructure at key economic and industrial zones, he said, citing an example of the northern port city of Hai Phong which has been developed into a new economic centre in the north eastern region, thus drawing a large FDI amount into high technology agriculture.

Although FDI in the world has generally declined last year, Southeast Asian nations have turned against the trend.

Figures from the UNCTAD show that FDI inflows into the Association of Southeast Asian Nations (ASEAN) in 2018 reached a record high of 149 billion USD, up 3 percent from the previous year. Meanwhile, global foreign investment fell by 13 percent in the period.

The expert explained young population structure is the foremost advantage which helps ASEAN countries successfully attract investors’ attention.

ASEAN boasts a population of about 660 million people, with more than half being under 30./.

Source: Vietnam News Agency