HOUSTON: Rapid improvements have been seen in acutely ill patients with COVID-19 treated with the cancer drug acalabrutinib (Calquence) by researchers, including physicians within The US Oncology Network. Results of the exploratory research, which was conducted in collaboration with AstraZeneca (AZ) and the National Institutes of Health (NIH), appear in Science Immunology. Nineteen patients with…
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Coolray partners DGM Racing and Josh Williams for Atlanta Race Weekend
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…
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…
Amazon and Slack join forces to deliver the future of the enterprise workplace
SAN FRANCISCO: Amazon Web Services Inc. (AWS) and Slack Technologies Inc. announced a new multi-year agreement to deliver solutions for enhanced enterprise workforce collaboration. Slack and AWS will strategically partner to help distributed development teams communicate and become more efficient and agile in managing their AWS resources from inside Slack. Slack will migrate its Slack…
JCPenney provides update on store optimization strategy
PLANO, TEXAS: J. C. Penney Company has taken the first step in implementing its store optimization strategy. Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the Company, JCPenney identified the first phase of 154 store closures. Following entry of an order at the…
Ecolab to separate upstream energy business and merge ChampionX With Apergy
ST. PAUL: Ecolab Inc. announced both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (ChampionX Business) and the closing of the merger of ChampionX Holding Inc. with a subsidiary of Apergy Corporation. Pursuant to the exchange offer, Ecolab has…
Limelight Networks appoints Christine Cross lead to global marketing organization
SCOTTSDALE: Limelight Networks Inc., a provider of edge cloud services, announced Christine Cross has been appointed SVP, Chief Marketing Officer and will lead the company’s global marketing organization. In this role, she is responsible for all aspects of Limelight’s marketing strategy and execution including product management, demand generation, branding, strategic events and communications. “As we…
Granite REIT announces C$500 million green bond offering
TORONTO: Granite Real Estate Investment Trust’s wholly owned subsidiary Granite REIT Holdings Limited Partnership (Granite LP) has priced an offering of C$500 million aggregate principal amount of 3.062% Series 4 senior unsecured debentures due June 4, 2027. The Debentures will be guaranteed by Granite and Granite REIT Inc. The Offering of the Debentures is expected…