HAMPTON: Josh Williams has been building his NASCAR Xfinity Series career brick by brick over the past few seasons, and the fruits of that labor are finally starting to show themselves. Williams, whose focus was simply on making races when his tenure began in the series, has now been able to set his sights on…
BioMarker Strategies to present at BIO Digital next week
ROCKVILLE: BioMarker Strategies LLC, a company focused on helping make precision medicine more of a reality for patients with solid tumor cancers, announced that President and CEO Jerry Parrott will present at BIO Digital. BIO Digital replaces BIO 2020, the Biotechnology Innovation Organization’s International Convention, which was originally scheduled to be held in San Diego….
Spirit Realty raises $400 million under unsecured term loan facility
DALLAS: Spirit Realty Capital announced that the company has closed on the final incremental term loan under the accordion feature of the previously announced $200 million unsecured term loan facility, raising a total of $400 million under the unsecured term loan facility. The incremental term loan bears interest at LIBOR plus 150 basis points. This…
AM Best affirms credit ratings of Massachusetts Mutual Life Insurance and its subsidiaries
OLDWICK: Global rating agency AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT). Concurrently, AM Best has affirmed the…
Jason Industries enters restructuring support agreement with lenders
MILWAUKEE: Jason Industries Inc. has entered into a restructuring support agreement with certain of its senior secured lenders. The Agreement outlines a comprehensive restructuring plan that will ultimately deleverage the Company’s balance sheet by $250 million and anticipates that the Company’s vendors, suppliers, and customers will remain unaffected by the transaction. Upon implementation of certain…
InnoCan Pharma commences commercial production of its CBD-integrated products in Portugal
CALGARY: InnoCan Pharma Corporation has commenced commercial production of its Derma CBD line in Portugal. Nir Avram the company’s Chief Technology Officer commented: “The unique patent pending formulation of Relief & Go CBD Spray is comprised of CBD isolate as anti inflammatory, magnesium as muscle relaxants and menthol and camphor as analgesics to provide temporary…
CREST sells Toodoggone mineral claims and acquires shares of Volatus Capital
VANCOUVER: Crest Resources Inc. has entered into an agreement to sell its 100% interest in the Lion’s Den and Peak gold properties as well as its rights to acquire two additional mineral claims in the Toodoggone region of north-western British Columbia to Volatus Capital Corp. for consideration of $35,000 cash; 3,750,000 common shares of Volatus,…
AgraFlora takes steps to obtain additional EU-GMP quality cannabis for German distribution
VANCOUVER: AgraFlora Organics International’s wholly owned subsidiary Farmako GmbH has entered into a binding supply term sheet with ZenPharm Ltd to enter into a supply agreement which is expected to be completed in the coming weeks. Under the conditions of the Term Sheet, ZenPharm will supply EU-GMP quality medical cannabis flower cultivated by Zenabis to…
AM Best affirms credit ratings of CMB Wing Lung Insurance Company
HONG KONG: Rating agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect CMBWLI’s balance sheet strength, which AM Best categorises as very strong, as well…
SpectrumOne applies for trademark protection in the EU
OSLO, NORWAY: SpectrumOne AB has today applied for trademark protection in the EU. The company has several ongoing dialogues with partners operating at European level. Hosni Teque-Omeirat, CEO of SpectrumOne saud, “This is an important step in showing our partners in existing dialogues our ambition and drive to drive our cooperation internationally. In our partner…
Key industrial parks unveiled in Hainan free-trade port
HAIKOU: A batch of key industrial parks were unveiled on June 3 in China’s island province of Hainan, in an effort to promote the construction of the Hainan free-trade port. The 11 key parks around the island cover three major fields, including tourism, modern services and advanced technologies. “The industrial parks are important areas to…
Lonza appoints Pierre-Alain Ruffieux as new Chief Executive Officer
BASEL, SWITZERLAND: The Board of Lonza announced today that Pierre-Alain Ruffieux has been appointed Chief Executive Officer effective 1 November 2020. Prior to that he held roles of increasing seniority at Novartis and has over 20 years’ experience in biopharmaceuticals. Albert Baehny, Chairman of the Board said: “The Board is delighted to have appointed someone…