Organic Food and Beverages Market Receives Tailwinds as Non-GMO, and Clean Label Trends Proliferate

London, Jan. 09, 2023 (GLOBE NEWSWIRE) — The Kraft Heinz Company recently acquired Assan Foods to extend its international market reach with greater emphasis on enhanced tastes, and gourmet services. Danone also acquired Your Heart more recently, with an intent to launch newer organic F&B product line-ups and thereby top the category in world markets. The organic space has been witnessing constant dynamic developments over the past decade and is poised for a bright growth outlook in the long run. The global organic food and beverages market has been undertaken for detailed growth analysis and forecast in a new upcoming report of Fairfield Market Research. The report in its primary findings suggests that the market will benefit largely from the thriving levels of awareness regarding the health benefits associated with organic F&B products.

Evolving consumer lifestyles and dietary patterns, including notable inclination toward non-GMO products, are expected to fuel the growth of organic food and beverages market, says the report. Increasing consumer awareness regarding the potential advantages of consuming organic products will bode well for the market ahead. The market is likely to reflect strong growth in the near future on the back of growing health concerns around conventional, chemical-based, synthetic products available on the market across F&B categories. A shorter shelf-life, and expensive price point will however remain the key challenges facing market.

Get the Sample Copy/TOC of Organic Food and Beverages Market at: https://www.fairfieldmarketresearch.com/report/organic-food-beverages-market/request-toc

Insights into Segmental Analysis

Organic fruits and vegetables remain popular among consumers as their concerns around the health quotient of conventional foods continue to rise. With a larger population adopting a healthy lifestyle that affirms their preference for fruits and vegetables cultivated through organic farming techniques, the fruits and vegetables segment is likely to remain at the forefront in the organic food and beverages market space. In terms of the preferred channel of distribution, the supermarket/hypermarket category currently represents the leading market segment. In addition, shooting sales of organic products recorded by franchisee stores, club stores, and specialty stores indicate a massive business opportunity in the segment for organic food and beverages market players. The role of retail distribution channels in popularizing top category brands will remain instrumental to the rise of this segment in the market. The report anticipates stellar growth in sales of organic goods with the rapid rise in the number of supermarket and hypermarket chains worldwide, especially across the developing regional markets.

Insights into Regional Analysis

Led by China, and India, the organic food and beverages market of Asia Pacific will most likely maintain a dominating share in the global space. Growing levels of consumer awareness regarding the potential harm of GMO products has been favoring the popularity of non-GMO, clean label, and organic goods across the key Asian nations. Opportunities will also arise in the market across Asia Pacific as the focus of F&B brands intensifies on launching chemical-free, healthier product lines. Consistently rising organic F&B output, as well as the constant increase recorded in the per capita consumption of organic products, are both expected to accelerate the growth of market in the region. Remarkable evolution in consumer lifestyles, and notable changes in the dietary patterns of ordinary consumers will contribute toward market growth to a large extent. Moreover, rapidly growing availability and accessibility of the organic category across retail platforms will further drive the progress of Asia’s organic food and beverages market forward. The role of a paradigm shift in farming practices will remain crucial, says the report.

Leading Competitors in Global Organic Food and Beverages Market

The report would provide detailed strategic analysis of the key company profiles steering the competition landscape of global organic food and beverages market. Some of the profiled company names include General Mills Inc., Hain Celestial Group, Inc., United Natural Foods, Inc., Starbucks Corporation, WhiteWave Foods Co., Dean Foods Company, SpartanNash Company, Amy’s Kitchen, Inc., Whole Foods Market Inc., and The Kroger Co.

Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/organic-food-beverages-market/request-customization

Global Organic Food and Beverages Market is Segmented as Below:

By Product Type      

  • Organic Foods and Vegetables
  • Organic Meat, Fish and Poultry
  • Organic Dairy Products
  • Organic Frozen and Processed Foods
  • Organic Non Dairy Beverages
  • Organic Coffee and Tea
  • Organic Beer and Wine
  • Other Organic Food and Beverages

By Process    

  • Processed
  • Unprocessed

By Distribution channel      

  • Supermarket/Hypermarket
  • Specialty Stores
  • Convenience Stores
  • Online Sales Channel
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Report Inclusions

  • Market Estimates and Forecast
  • Market Dynamics
  • Industry Trends
  • Competition Landscape
  • Type-wise Analysis
  • Process-wise Analysis
  • Distribution Channel-wise Analysis
  • Region-wise Analysis
  • Country-wise Analysis
  • Key Trends Analysis
  • COVID-19 Impact Analysis

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com

GlobeNewswire Distribution ID 8726336

ENA Respiratory Awarded $4.38 Million U.S. Department of Defense Agreement to Fund Development of Broad-Spectrum Antiviral INNA-051

— Goal is to add new medical countermeasure (MCM) against known and emerging viral respiratory threats

MELBOURNE, Australia, Jan. 09, 2023 (GLOBE NEWSWIRE) — Clinical-stage pharmaceutical company ENA Respiratory has been awarded a $4.38 million USD agreement from the U.S. Department of Defense (DoD) to support ongoing research and development of INNA-051, a clinical stage first-in-class broad-spectrum antiviral innate immunomodulator, administered intranasally for the prophylaxis of respiratory viral infections and their complications.

The agreement was awarded by the DoD’s Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense, in collaboration with the Defense Innovation Unit (DIU). Funding will support studies to develop an intranasal dry powder formulation of INNA-051 and scale-up manufacturing processes.

“Populations at high risk of exposure or complications continue to be significantly affected by influenza, SARS-CoV-2, RSV and other respiratory viruses, driving increased hospitalizations and health care utilization,” said Christophe Demaison, Ph.D., co-founder and CEO of ENA Respiratory. “This agreement with the DoD recognizes the necessity of developing a broad-spectrum and fast-acting treatment to combat these debilitating viruses, and studying its use across a range of critical populations.”

The effort is expected to run for 12 months, paving the way to an Investigational New Drug (IND)-submission to the U.S. FDA aiming to support the Phase I bioequivalence study of an intranasal dry powder presentation of INNA-051. A dry powder formulation offers a number of advantages over the current spray solution formulation that will support deployment to distant or resource-limited settings and survival through the rigours of DoD logistics. INNA-051 was recently studied in a Phase 2a influenza challenge pre-exposure prophylaxis study, and results are expected soon. It was found to be well-tolerated in a Phase 1 study.

Effort funded by the U.S. Department of Defense’s Chemical and Biological Defense Program (CBDP), under Other Transaction Authority number HQ0845-23-9-0003 between ENA Respiratory Pty Ltd and the DoD. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon.

The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government or the U.S. Department of Defense.

ENDS

Notes to Editors

If you would like to arrange an interview, please contact:

About ENA Respiratory and INNA-051

ENA Respiratory is aiming to transform the prevention of respiratory viral infections in populations at-risk of complications. The company is based in Melbourne and Sydney, Australia and it has secured a Series A investment from Brandon Capital Partners’ managed funds, the Minderoo Foundation, and Uniseed.

INNA-051 is a potent innate immune TLR2/6 agonist. It is currently in clinical development for self-administered intranasal delivery to target the primary entry site of viral respiratory infections as most respiratory viruses, including SARS-CoV-2 and influenza, initially infect and replicate in nasal mucosa epithelial cells. Fast-acting and inducing a durable biologic response supporting weekly administration, INNA-051 works by recruiting innate immune cells and priming epithelial cells of the nasal mucosa to respond more quickly to infections, rapidly eliminating viruses and other pathogens before they spread throughout the body. INNA-051 and close analogues have been shown in preclinical studies to be effective against multiple respiratory viruses, including SARS-CoV-2, influenza (H1N1 and seasonal H3N2), and rhinovirus.

Key features of INNA-051 intranasal administration include minimal or no systemic bioavailability, minimal or no systemic pro-inflammatory cytokine release, no direct type I interferon upregulation which is known to be associated with fever in humans, durable immune response supporting weekly administration, and compatibility with vaccine and intranasal corticosteroids.

For more information, please visit https://enarespiratory.com

GlobeNewswire Distribution ID 8725337

Health-ISAC Introduces New Logo and Branding

Refreshed logo and branding exemplifies the success and mission of Health-ISAC

Health-ISAC logo

Health-ISAC logo

ORMOND BEACH, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) — Health-ISAC, a nonprofit, member driven organization, has unveiled a new logo and branding scheme to reflect its commitment to ensuring the strength and perseverance of the health sector in the face of both cyber and physical threats.

The new logo demonstrates the key role Health-ISAC has in the global security community, which includes the collaboration between 8,000 security professionals in its global network, key stakeholders in the healthcare ecosystem, and external partners.

The logo features three key brand elements:

  • A globe crisscrossed with connected grid lines, representing the value of connecting diverse healthcare organizations and security professionals worldwide and empowering trusted relationships. The ability to share real-time intelligence and best practices helps members protect their organizations, the healthcare ecosystem and, ultimately, patients.
  • An EKG line representing Health-ISAC’s focus on improving health and saving lives by anticipating, analyzing and overcoming cyber and physical security threats. Health-ISAC is the pulse of the sharing community.
  • The tagline “Collaborating for Resilience in Healthcare,” expressing Health-ISAC’s mission to strengthen operational resilience by sharing timely, actionable, and relevant information in a trusted, collaborative environment.

“Our newly refreshed brand dynamically highlights that through connection, we are better and stronger together,” said Denise Anderson, President and CEO, Health-ISAC. “We look forward to continuing to strengthen the ability of our members to ensure their organizations, the health sector and ultimately, patients, remain resilient against the multiple threats they face every single day.”

ABOUT HEALTH-ISAC

Health-ISAC — a non-profit, private sector, member-driven organization — plays an essential role in providing situational awareness around cyber and physical security threats to the Healthcare Sector so that companies can detect, mitigate, and respond to ensure operational resilience. Health-ISAC connects thousands of healthcare security professionals worldwide to share peer insights, real-time alerts, and best practices in a trusted, collaborative environment. As the go-to source for timely, actionable, and relevant information, Health-ISAC is a force-multiplier that enables healthcare organizations of all sizes to enhance situation awareness, develop effective mitigation strategies and proactively defend against threats every single day.

Contact Information:
Julia Annaloro
Marketing and Communications Associate
jannaloro@h-isac.org
+1-321-593-1470

Related Images

Image 1: Health-ISAC logo

Collaborating for Resilience in Healthcare

This content was issued through the press release distribution service at Newswire.com.

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GlobeNewswire Distribution ID 8725692

Conagen starts first commercial production of sustainable Tyrian purple for textile dye

New era for green tech alternatives to replace petrochemical synthesized dyes.

Bedford, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) — Conagen announced the successful scale-up of its sustainable, cost-effective Tyrian purple, a historically coveted and expensive dye found in rare and limited sources in marine nature.

Conagen is the world’s first and only biotechnology company commercializing a sustainable Tyrian purple by fermentation. As with any biologically-sourced textile dye, this color-fast compound reduces pollution and carbon footprints when used as an alternative to petrochemically synthesized dyes commonly used in the textiles industry today.

Also known as Phoenician purple, royal purple, imperial purple, or imperial dye, this rare dye dates back several millennia to the bronze age when the Phoenicians from Tyre, Lebanon, on the Levantine coast, produced it for the ancient Greeks, Persians, Byzantines, and the Roman empire to clad emperors and kings with luxury textiles. Tyrian purple was once worth more than its weight in gold for its prized deep rich purple. In 301 CE, during the Roman Empire, one pound of Tyrian purple dye was priced at approximately three Troy pounds of gold, roughly $66,000 in today’s currency.

Current producers extract and harvest Tyrian purple from the murex shellfish in much the same way as the ancient Phoenicians. Thousands — approximately 10,000 or (54 kilograms (119 lb.) of these predatory sea snails are required to make diminishing quantities of Tyrian purple to produce 1 gram of the dye, making it impracticable, expensive, and environmentally unfriendly. Ancient dye producers all but drove the murex species to extinction along the coasts of Phoenicia, evident in the vast deposits of the shells excavated on the outskirts of Sidon, Tyre, and across the Mediterranean.

Conagen’s Tyrian purple, produced by precision fermentation and bioconversion, is a natural, sustainable dye ideal for textile companies under pressure to deliver fashions more sustainably and with a reduced global environmental footprint, especially from manufacturing.

“Conagen is democratizing the exclusive use of a color once reserved for royalty — now obtainable on a global scale,” said Casey Lippmeier, Ph.D., senior vice president of innovation. “Our fermentation and bioconversion technologies enable us to offer true-to-nature products. By leveraging Conagen’s bioengineering and commercial manufacturing capabilities, we’re unlocking Tyrian purple’s great potential as an accessible and sustainable dye. We expect Tyrian purple to inspire fresh ideas in multiple industries, making this rare and exciting color more marketable with planet-conscious consumers.”

The Tyrian purple technology is based on two of Conagen’s many key bioengineering platforms, which enable accelerated product development timelines for its competitive phenolics, terpenoids, proteins, and peptide molecules.

As an example, Conagen’s phenolics platform was used to make an important antioxidant, hydroxytyrosol, the active health ingredient found in oil, juice, and fruit in olives. Using another platform, Conagen has optimized the production of different amino acid-based products, including the nutraceutical antioxidant ergothioneine, a “longevity vitamin” currently branded as “Ergoactive” by Conagen’s pipeline partner Blue California. To produce the Tyrian purple, Conagen drew from both proprietary platforms to develop novel enzymes which increase the conversion efficiency of precursors to the dye.

“Conagen has further solidified its leadership in the bioeconomy by rapidly producing multiple novel and interesting molecules, such as Tyrian purple,” said Lippmeier. “Our technology platforms have been meticulously engineered and improved upon for over a decade, and they are extremely efficient at making targeted compounds from an expanding array of molecular classes for our internal product development and collaborative ventures.”

Conagen aims to replace petroleum-based ingredients and reduce carbon footprints with green technologies. Tyrian purple adds to Conagen’s natural color offerings, including several carotenoids made by fermentation which have been scaled to global production. As a dye, Tyrian purple is ideal for textile fabrics, clothing, handbags, and related accessories.

About Conagen

Conagen is making the impossible possible. Our scientists and engineers use modern synthetic biology tools to program micro-organisms and enzymes on a molecular level to produce high-quality, sustainable, natural products manufactured worldwide via precision fermentation and bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceuticals, and renewable materials.

Attachments

Ana Arakelian, Head of Public Relations and Communications
Conagen
+1-781-271-1588
ana.arakelian@conagen.com

GlobeNewswire Distribution ID 8725973

Hitachi Energy awarded major orders to integrate two large offshore wind farms with Poland’s power grid

Grid connection and power quality solution for the MFW Baltyk II and MFW Baltyk III offshore wind farms will help Poland progress towards its renewable energy goal and provide emission-free electricity for more than 2 million Polish homes.

Zurich, Switzerland, Jan. 09, 2023 (GLOBE NEWSWIRE) — Zurich, Switzerland, January 9, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won two major orders from Equinor and Polenergia to provide an AC grid connection and power quality solution for their jointly owned MFW Baltyk II and MFW Baltyk III offshore wind farms, with a combined generating capacity of 1,440 megawatts in the Polish sector of the Baltic Sea.

Hitachi Energy will provide each of the two wind farms with an offshore grid connection that will receive the power from the wind turbines and transfer it to shore, a mainland grid connection that will transmit the power into the national transmission system, and a STATCOM power quality solution to ensure that power flows reliably and stably at optimal capacity and at all times, despite the often high variability of wind power.

MFW Baltyk II and MFW Baltyk III are pending a final investment decision in 2024, and are scheduled to deliver first power in 2027. They will be one of the first offshore wind farms in Poland and part of the country’s ambitious program to develop its offshore wind potential and increase the use of renewables in its electricity mix, which historically is dominated by coal. The government aims to have around 11 gigawatts of offshore wind capacity either operational or under development by 20271.

Hitachi Energy was selected in a competitive procurement process on the strength of its front-end engineering and design (FEED) studies and optimized solutions, its long track record of project execution excellence, and its close working relationships over many decades with Equinor and PSE (Poland’s transmission system operator) and, most recently, Polenergia.

“Integrating large-scale renewable energy sources with the power grid is a key enabler of the energy transition and a field in which we have been a pioneer for decades,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “Our grid connection technologies feature in offshore wind farms worldwide, and our power quality solutions resolve bottlenecks and keep the voltage stable and the energy flowing in power systems globally.”

These project awards further underscore Hitachi Energy’s position as a global leader in the offshore wind market and the partner of choice for wind farm developers, combining solid experience with grid technologies to help make the world’s energy system more sustainable, flexible and secure by enabling new solutions and business models to be deployed at scale and with speed.

The company has been continuously developing its portfolio to better serve this market with the recent launch of its Grid-eXpand™ range of modular and prefabricated grid connection solutions that make it faster, simpler and more efficient to connect offshore wind farms to mainland grids, and with its complete portfolio of STATCOMs and E-STATCOMs for all power ranges, ensuring grid stability and power quality at all times.

The announcement follows a recent global agreement between Hitachi Energy and Equinor to collaborate on high-voltage transmission systems (AC and DC) to connect Equinor offshore wind farms and production facilities to mainland power grids worldwide.

1Global Wind Energy Council – Global Offshore Wind Report 2022

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

Jocelyn Chang
Hitachi Energy
+41793847775
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8725982

Nikkiso Clean Energy & Industrial Gases Group Acquires Cryotec Anlagenbau GmbH, Wurzen, Germany

TEMECULA, Calif., Jan. 09, 2023 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group (“Group”), a part of Nikkiso Co., Ltd (Japan), has entered into an agreement to acquire Cryotec Anlagenbau GmbH, (Wurzen close to Leipzig, Saxony, Germany) for an undisclosed amount.

A global plant engineering and construction company, Cryotec provides planning, project management, manufacturing and engineering services of skid-mounted/containerized air separation and liquefaction plants, and CO2 technologies offering tailored solutions to their customers.

Cryotec will operate as part of the Group’s GmbH facility, based in Neuenburg am Rhine, Germany. The Group consists of six functional business units: Cryogenic Pumps, Heat Exchanger Systems, Process Systems, Fueling & Solutions, Energy Infrastructure & Strategic Projects and Service.

“Our acquisition of Cryotec will allow the Group to expand our footprint in Europe, and broaden our expertise in carbon capture and biogas technologies”, according to Ole Jensen, Vice President, Europe.

“We look forward to bringing Cryotec into our Nikkiso family. This acquisition exemplifies our passion to provide, efficient, performance-based products and service,” according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.

This acquisition represents their commitment to and support of the European market. The acquisition is expected to close during Q1, 2023

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture, and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.NikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

GlobeNewswire Distribution ID 8725755

กลุ่ม Nikkiso Clean Energy & Industrial Gases Group ได้เข้าซื้อกิจการ Cryotec Anlagenbau GmbH เมือง Wurzen เยอรมนี

เตเมคูลา,แคลิฟอร์เนีย, Jan. 09, 2023 (GLOBE NEWSWIRE) — กลุ่มพลังงานสะอาดและก๊าซอุตสาหกรรมของกลุ่ม Nikkiso Cryogenic Industries (“กลุ่มบริษัท”) ซึ่งอยู่ในเครือของ Nikkiso Co., Ltd (ประเทศญี่ปุ่น) ได้ทำข้อตกลงเพื่อเข้าซื้อกิจการ Cryotec Anlagenbau GmbH (Wurzen ใกล้กับ Leipzig, Saxony, เยอรมนี) ด้วยจำนวนเงินที่ไม่เปิดเผย

Cryotec เป็นบริษัทด้านวิศวกรรมและการก่อสร้างโรงงานระดับโลก ให้บริการด้านการวางแผน การจัดการโครงการ การผลิตและวิศวกรรมของโรงงานแยกอากาศและของเหลวแบบติดตั้งบนระบบไหลเวียน/ตู้คอนเทนเนอร์ และเทคโนโลยี CO2 ที่นำเสนอโซลูชันที่ปรับให้เหมาะสมกับลูกค้า

Cryotec จะดำเนินการโดยเป็นส่วนหนึ่งของโรงงาน GmbH ของกลุ่มบริษัท ซึ่งตั้งอยู่ใน Neuenburg am Rhine เยอรมนี ในกลุ่มบริษัทประกอบไปด้วยหกหน่วยธุรกิจได้แก่: ปั๊มไครโอเจนิก ระบบแลกเปลี่ยนความร้อน ระบบกระบวนการ เชื้อเพลิงและโซลูชัน โครงสร้างพื้นฐานด้านพลังงานและโครงการเชิงกลยุทธ์และการบริการ

“การซื้อกิจการ Cryotec ของเราจะช่วยให้กลุ่มบริษัทสามารถขยายขอบเขตการดำเนินงานของเราในยุโรป และขยายความเชี่ยวชาญเทคโนโลยีของเราในการดักจับคาร์บอนและก๊าซชีวภาพ” Ole Jensen รองประธานประจำยุโรปกล่าว

“เราเฝ้ารอที่จะพา Cryotec เข้ามาสู่ครอบครัว Nikkiso ของเรา การซื้อกิจการครั้งนี้แสดงให้เห็นถึงความทุ่มเทของเราในการจัดหาผลิตภัณฑ์และบริการตามประสิทธิภาพได้อย่างมีประสิทธิภาพ” Peter Wagner ประธานเจ้าหน้าที่บริหารของ Cryogenic Industries และประธานกลุ่มบริษัทกล่าว

การซื้อกิจการครั้งนี้แสดงให้เห็นถึงความมุ่งมั่นและการให้การสนับสนุนต่อตลาดยุโรปของพวกเขา การเข้าซื้อกิจการคาดว่าจะเสร็จสิ้นในช่วง Q1 ปี 2566

เกี่ยวกับCRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (ปัจจุบันเป็นสมาชิกของ Nikkiso Co., Ltd.) บริษัทในเครือผลิตและให้บริการอุปกรณ์แปรรูปก๊าซไครโอเจนิกเชิงวิศวกรรม (ปั๊ม เครื่องขยายเทอร์โบ เครื่องแลกเปลี่ยนความร้อน ฯลฯ) และโรงงานแปรรูปก๊าซอุตสาหกรรม ก๊าซธรรมชาติเหลว (LNG) ไฮโดรเจนเหลว (LH2) และวัฏจักรแรนไคน์อินทรีย์สำหรับการกู้คืนความร้อนเหลือทิ้ง Cryogenic Industries ก่อตั้งขึ้นเมื่อกว่า 50 ปีที่แล้ว เป็นบริษัทแม่ของ ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne และ Cryoquip และกลุ่มที่ควบคุมร่วมกันซึ่งมีหน่วยงานดำเนินงานประมาณ 20 แห่ง

สำหรับข้อมูลเพิ่มเติมโปรดติดต่อที่ www.NikkisoCEIG.com และ www.nikkiso.com

ติดต่อฝ่ายสื่อ:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

GlobeNewswire Distribution ID 8725757

STALICLA signs exclusive in-licensing agreement for late-stage clinical neuropsychiatric and neurodevelopmental disorder treatment

PRESS RELEASE

STALICLA signs exclusive in-licensing agreement for late-stage clinical neuropsychiatric and neurodevelopmental disorder treatment

The transaction with Novartis reinforces STALICLA’s position as the leading developer of precision medicines for neurodevelopmental disorders and heralds the expansion of its portfolio into wider neuropsychiatric indications

Geneva, SWITZERLAND 9 January 2023, STALICLA SA, a clinical-stage biotech company advancing the first precision neurobiology platform for patients with neurodevelopmental disorders, today announced that it has entered into an exclusive in-licensing agreement with Novartis to develop mavoglurant as a treatment for substance-use disorder and neurodevelopmental disorders (NDDs).

Mavoglurant has previously been tested in more than 1,800 patients and demonstrated a good safety and tolerability profile. Following highly promising results from a Phase 2 study conducted with mavoglurant in cocaine-use disorder (CUD; NCT03242928), STALICLA is now preparing to advance mavoglurant into Phase 3 development for the treatment of CUD.

In parallel, STALICLA will leverage its precision neurobiology drug development platform (DEPI), which has demonstrated proof-of-concept in other neurodevelopmental programs, to detect subgroups of high responder patients with rare and common neurodevelopmental disorders where mavoglurant can be an effective treatment, as guided by earlier clinical studies.

The market potential of the CUD and NDD indications alone could top €2 billion globally.

Lynn Durham, STALICLA’s CEO & Founder, commented: This agreement with Novartis is a testament to the strength of our precision neurobiology medicine platform and we are excited about this transaction to further develop mavoglurant and to bring it to the right patients. STALICLA stratifies patient subgroups and identifies compounds that may provide medical benefit in neurodevelopmental indications with clear unmet need. Our unique model benefits all healthcare stakeholders and is a key driver of the Company’s rapid growth. With two Phase 2 and a Phase 3 trial slated to start within a year, alongside strong IP, we are well positioned to continue our exciting growth trajectory.

Under the terms of the agreement, STALICLA has acquired worldwide rights to mavoglurant for substance-use disorders, neurodevelopmental disorders, and other indications in exchange for upfront fees and equity, and development and commercial milestones of up $270m, plus royalties on sales.

About Mavoglurant

Mavoglurant is a selective non allosteric metabotropic glutamate receptor 5 (mGluR5) antagonist. mGluR5 has been tied to mood disorders, addiction as well as rare and common forms of Autism. In clinical Phase 2 studies, mavoglurant induces abstinence in CUD patients through inhibition of mGluR5, with no evidence of withdrawal liability.

About STALICLA

STALICLA is a precision molecular neuroscience clinical stage biotech company, advancing the first precision medicine platform (DEPI) for patients with neurodevelopmental disorders (NDDs), and neuropsychiatric disorders.

STALICLA’s unique approach is addressing the poor construct validity of behaviourally defined disorders through its unique platform integrating molecular data with human genetic information to create testable clinical hypotheses in psychiatry and neuroscience.

With multiple clinical proof of concepts, DEPI has allowed for the identification of two distinct subgroups of patients with Autism Spectrum Disorder and their tailored treatments STP1 and STP2, both of which are planned to enter Phase 2 clinical trials in 2023. STP1 and STP2 hold a multi-billion market potential.

The DEPI platform has been validated in a clinical setting showing high specificity, sensitivity and positive predictive value in prospectively designed trials recalling ‘high’ responder patients to previously failed drug candidates.

STALICLA is currently preparing its next stage of growth to advance its pipelines and scale its platform towards revenue generation.

For further information, please visit: https://stalicla.com/

Contacts

STALICLA SA
Lynn Durham, CEO
Lynn.durham@stalicla.com
Media inquiries
Consilium Strategic Communications
stalicla@consilium-comms.com

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