GenScript Biotech Reports First Half 2021 Results

Posts explosive growth in GCT CDMO business and strategic GCT investments

NANJING, ChinaAug. 24, 2021 /PRNewswire/ — GenScript Biotech Corporation (HKEX: 1548.HK) (GenScript) today reported its first half 2021 financial results for the six months ended June 30. It also announced that the Group has expanded its presence in the gene and cell therapy (GCT) industry with aggressive investments.

In the first half of 2021, the Group maintained strong momentum across all business segments. Total revenue increased by 38% to USD 229.6 million, and gross profit increased by 28.1% to USD 138.6 million.

The Group’s non-cell therapy business revenue increased by 36.6% to USD 195.7 million, with gross profit of USD 104.7 million, a 23.0% YoY increase, including its GCT CDMO business’ historic breakthrough in explosive revenue growth. This built on the Group’s early investments in the field and advantages in plasmid and lentivirus R&D and manufacturing solutions. For the Group’s cell therapy business, revenue increased by 46.8% YoY to USD 33.9 million, benefitting from continued recognition of its successes and milestone investments.

As the world’s No. 1 gene synthesis supplier, GenScript has laid a strong technical foundation for its GCT business. As GenScript’s life science services and products business, biologics CDMO business, and cell therapy business are all achieving strong momentum, the Group’s is expanding its presence throughout the GCT value chain by investing aggressively.

In the first half of 2021, R&D expenses increased by 51.6% YoY to USD 175.1 million. The non-cell therapy business invested about 10% of its revenue in GMP facility construction and other infrastructure expansion. The cell therapy business spent USD154.5 million on R&D, a 52.1% YoY increase, with an investment focus on clinical studies of cilta-cel and manufacturing facilities that support the business’ ongoing clinical trials and future commercialization.

GenScript is ushering in the rise of GCT as the next biotech industry revolution, tapping into the huge potential of CRO and CDMO platforms. Over the next two to three years, the life science business and biologics CDMO business will increase their strategic investments into the field. This includes investments in GCT-related services, utilizing automation technology to upgrade production lines, and accelerate the launch of ongoing cell therapy products and R&D in new pipelines.

Conagen Expands Natural Preservation by Fermentation

Bedford, Mass., Aug. 24, 2021 (GLOBE NEWSWIRE) — As the “clean label” trend thrives in many consumer product categories, Massachusetts-based biotech Conagen announced the launch of a natural preservative, p-Coumaric Acid (PCA). Conagen’s PCA is made by fermentation and expands the natural preservatives offered by its commercialization partner Blue California.

The natural preservation market is driven by consumer exploration of clean-label food, beverage, personal care, and cosmetic product which do not contain artificial ingredients while still possessing extended shelf life.

In a published Mintel report Feb. 2021, U.S. Consumers were polled on relating ‘naturalness’ with ‘health, “43% of U.S. consumers have the perception that “all-natural” is an important factor when choosing healthy food and beverages.”

Food and beverage manufacturers are moving away from artificial ingredients in their processing and packaging methods. Therefore, new sources of natural preservatives, such as Conagen’s natural, fermentation-derived PCA, are ideal for brands to make a seamless change from synthetic preservation ingredients to natural ones.

“Our PCA expands the toolbox for product developers looking for a scalable, low cost-in-use, natural solution for increasing the shelf life of food without interfering with the flavor of their products,” said Conagen’s Vice President of Innovation, Dr. Casey Lippmeier.

PCA is a natural antioxidant and antimicrobial compound found in all plants, primarily peanuts, tomatoes, carrots, basil, and garlic. It is a key constituent of wine, vinegar, and honey.

Conagen produces PCA by an innovative precision fermentation process. This technology enables the cultivation of micro-organisms programmed to create sustainable, natural ingredients with high purity at a price competitive with synthetic PCA. PCA by fermentation is ideal for industrial applications as well.

“A sustainable source of PCA is also desirable as a precursor for different biopolymers and other high-tech biomaterials made with ‘green chemistry,”‘ said Lippmeier.

Green chemicals are a part of the global discussion on climate change and large chemical companies’ accelerating adoption of sustainable materials. “The novel polymers and co-polymers which can be made by fermentation-derived PCA enable the development of environmentally safer bioplastics and new applications in biomedicine,” said Lippmeier.

As an alternative to chemically synthesized compounds like bisphenol-A, PCA is a multifunctional natural and sustainable solution found in food to enable new and novel products by formulators and material scientists.

In the industrial applications space, PCA is ideal in coatings, composites, adhesives, and polymers for biomedical, transportation, aerospace, electronics, and packaging, just to name a few.

Last year, Blue California and Conagen jointly announced the commercialization of a 98% pure natural preservative, Rosavel™ rosmarinic acid, without the intensity of rosemary flavor and color as with most synthetic ingredients.  Another important natural preservative molecule derived from Conagen’s platform technologies is BC-DHQTM taxifolin, which secured GRAS status as announced last May.
About Conagen

Conagen is making the impossible possible. Our scientists and engineers use the latest synthetic biology tools to develop high-quality sustainable nature-based products through systems of manufacturing on a molecular level and fermentation basis. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

About Blue California

Blue California is a vertically integrated technology company providing innovative ingredient solutions to global partners. With more than 20 years of innovation success, our ingredients are used in commercial products and applications in the industries of nutrition, personal care, healthy aging and wellness, functional food and beverage, and beauty. www.bluecal-ingredients.com

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Ana Arakelian
Conagen
+1.781.271.1588
ana.arakelian@conagen.com

Pngme, Raises $15M Series A to Power the Future of Financial Services in Africa

SAN FRANCISCO, Aug. 24, 2021 /PRNewswire/ — Pngme, the financial data infrastructure and machine learning-as-a-service platform, has raised a further $15 million in Series A funding as it sets out to grow its financial data platform. The round was led by Octopus Ventures and comes less than a year after its $3 million seed round.

Across the financial services sector, financial institutions and fintechs are racing to offer fully customized user experiences and financial products tailored to their customers’ needs. Pngme allows financial institutions and fintechs to collect and aggregate financial data at scale. Its mobile SDK and data processing pipelines make it easy to collect alternative financial data and unify it with other data sources to create a holistic picture of an individual’s financial behavior.

Octopus Ventures are joined by Lateral Capital, Unshackled Ventures, Raptor Group, Two Small Fish Ventures, Aruwa Capital Management, Future Africa, EchoVC, The51 and a talented group of individual angel investors including RallyCap’s Hayden Simmons, Plaid’s Dan Khan, former COO of RBC Capital Markets Richard Talbot, and Intersect VC’s Kyle Ellicott among others. 

“When we first met the team, they blew us away with a grand vision and deep understanding of the financial services challenges on the continent. The elegance of the technology solution, combined with an exceptional team and strong market traction with large institutions underlines our belief that Pngme will power the next generation of financial services in Africa.” Tosin Agbabiaka , fintech investor at Octopus Ventures 

Pngme is using the Series A to expand its executive team with the hiring of Lorraine Kageni Maina as Chief Strategy Officer and Nick Masson as Chief Technology Officer. Lorraine brings corporate experience in sub-Saharan Africa from Banking, FMCG, and Technology. Nick led large enterprise scale engineering teams at WeWork and joins Pngme with an ambitious vision to scale Pngme’s cutting edge technology.

“With this fresh injection of capital we are not only scaling up our data processing and machine learning capabilities, but also building a robust team that can deliver on our mission of financial inclusion.” Brendan Playford, CEO of Pngme

Pngme’s partners include a global credit bureau, Renmoney, Credpal, Simplefi, Kuda and other Tier 1 African Banks who use the Pngme platform and their data science services to offer data and machine learning-driven products and user experiences to their customers.

“Pngme’s infrastructure has processed billions of data points from hundreds of financial institutions across sub-Saharan Africa and we plan to double down on our Insights Library and expand our third party data connections to other markets over the next year.” Cate Rung, COO of Pngme

Press images. 
www.pngme.com
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Laserfiche Announces Spark EMEA, an Event for Business Leaders and Technologists Navigating the Future of Work

LONDON, Aug. 24, 2021 /PRNewswire/ — Laserfiche  announced today that registration is now open for Laserfiche Spark EMEA, a live video webcast showcasing product insights and strategies for driving enterprise-wide digital transformation. The leading SaaS provider of intelligent content management and business process automation is hosting a virtual event under the theme of “Ready to Reimagine,” and invites attendees to explore how organisations throughout Europe, the Middle East and Africa can implement Laserfiche to transform and modernise operations. The free broadcast will air 1st September 2021.

Laserfishe Logo

“The COVID-19 crisis has re-prioritised digital transformation, compacting years of change in just several months,” said Laserfiche President Karl Chan. “Digital adoption has accelerated in every area of the enterprise, from internal operations and supply chain interaction to the customer experience. We are excited to engage with the Laserfiche EMEA community to share knowledge and experiences in using Laserfiche solutions to recover, rebuild and reimagine the enterprise.”

Laserfiche Spark EMEA will cover topics designed to equip business leaders and technologists with the knowledge necessary for the increasingly complex and rapidly changing business landscape:

  • Maintain GDPR Compliance with Confidence: GDPR has immense influence over how today’s businesses and organisations around the world manage information. Learn from Reynold Leming, chair of the Information and Records Management Society, about how you can bolster compliance efforts using Laserfiche.
  • Why the Time is Right for Cloud: Discover how your organisation can thrive with the flexibility and resiliency provided by cloud technology.
  • What You Need to Know About Hybrid: Learn why today’s organisations are integrating all kinds of cloud services into their digital ecosystem.

“As employee and customer expectations reshape the future of work, we are committed to providing enterprises with the solutions and tools to navigate new business environments,” said Laserfiche UK Business Manager Attar Naderi. “Laserfiche Spark offers members of our EMEA community insights and best practices tailored to regionally-specific experiences, with solutions that align with long-term strategies and enhance organisational agility.”

In addition to resources such as best practices, digital guides, action plans and frameworks, Laserfiche Spark attendees will also gain complimentary access to certification courses, fostering ongoing education about Laserfiche and the strategies needed to succeed in today’s increasingly digital, connected, and fast-changing workplace.

For more information and to register for Laserfiche Spark EMEA session, click here.

Notes to Editors

About Laserfiche

Laserfiche is the leading SaaS provider of intelligent content management and business process automation. Through powerful workflows, electronic forms, document management and analytics, the Laserfiche® platform accelerates how business gets done, enabling leaders to focus on growth across the enterprise.

Laserfiche pioneered the paperless office with enterprise content management. Today, Laserfiche’s cloud-first development approach incorporates innovations in machine learning and AI to enable organizations in more than 80 countries to transform into digital businesses. Customers in every industry — including government, education, financial services, healthcare and manufacturing — use Laserfiche to boost productivity, scale their business and deliver digital-first customer experiences.

Laserfiche employees in offices around the world are committed to the company’s vision of empowering customers and inspiring people to reimagine how technology can transform lives.

Connect with Laserfiche:

Laserfiche Blog | Twitter | LinkedIn | Facebook

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‫البنك العربي الوطني ينجز 2 مليون طلب، مما يوفر 40,000 ساعة من العمل اليدوي، مع منصة التشغيل الروبوتي للعمليات السحابية الأصلية من شركة Automation Anywhere

أدت أتمتة العمليات المصرفية التي تعمل بتقنية التشغيل الروبوتي للعمليات إلى تحسين متطلبات الامتثال والإنتاجية وخفض تكاليف التشغيل لأحد أكبر البنوك في الشرق الأوسط.

دبي، الإمارات العربية المتحدة, 24 أغسطس 2021 /PRNewswire/ — أعلنت شركة Automation Anywhere، أحد الشركات الرائدة عالميًا في تقنية Robotic Process Automation (RPA – التشغيل الروبوتي للعمليات)، مؤخرًا تعونها مع Arab National Bank (ANB – البنك العربي الوطني) لأتمتة تنفيذ عمليات البنك.

 تأسس البنك العربي الوطني (ANB) عام 1979، وهو شركة مساهمة سعودية مدرجة في البورصة ويصنف ضمن أكبر 15 بنكًا في الشرق الأوسط. يقع مقره الرئيسي في مدينة الرياض.

بدعم من شريك Automation Anywhere، وهي شركة Orion Valley، طبّق البنك العربي الوطني بأتمتة 35 عملية عمل يدوية متكررة داخل البنك باستخدام Automation 360، منصة التشغيل الروبوتي للعمليات المدعومة بالذكاء الاصطناعي الوحيدة في العالم. ينفذ الآن أكثر من 100 روبوت برمجي مهام داخل أقسام البنك من العمليات والامتثال والموارد البشرية وغيرها من الأقسام.

كما صرح عايض الزهراني، مدير العمليات التنفيذي في البنك العربي الوطني: “تعمل تقنية Automation Anywhere على تمكين مستقبل الأعمال المصرفية، من خلال السماح للمؤسسات المالية مثل مؤسستنا بتحقيق وفورات كبيرة في التكاليف، مع توفير مستويات أعلى من الإنتاجية والكفاءات. لقد نجحنا في ترحيل أكثر من 100 روبوت إلى منصة Automation 360، دون أي توقف تقريبًا، وبالتالي توفير ما يقدر بـ 40,000 ساعة من العمل اليدوي”.

يرغب البنك العربي الوطني في مواصلة تبسيط العمليات الروتينية وتحسين جودة العمل وتقليل تكاليف التشغيل المرتبطة بها. ويوفر نشر الأتمتة الذكية طريقة لتحقيق هذه الأهداف.

كما صرح ميلان شيث، نائب الرئيس التنفيذي، لمنطقة الهند والشرق الأوسط وأفريقيا في Automation Anywhere: “تحتاج البنوك والمؤسسات المالية الأخرى اليوم إلى الحفاظ على قدرتها التنافسية ولكن يجب أيضًا أن تلبي العديد من لوائح الصناعة التي تتضمن عمليات تستغرق وقتًا طويلاً للغاية وتتطلب موارد بشرية مخصصة. وفي صميم عملها، يمكن للأتمتة الذكية أتمتة العمليات التجارية العادية والمتكررة، والسماح للبنوك بالتحكم في تكاليف الامتثال، وتحسين ملفات تعريف المخاطر، وإعادة تركيز جهود موظفيها نحو الابتكار”.

يخطط البنك العربي الوطني لمواصلة تنفيذ برامج روبوت إضافية لزيادة تبسيط عمليات البنك من أجل الاستفادة من الكفاءات الإضافية الناتجة عن ذلك.

نبذة عن شركة Automation Anywhere
Automation Anywhere هي شركة عالمية رائدة في مجال أتمتة العمليات الروبوتية، حيث تمكّن العملاء من أتمتة العمليات التجارية الشاملة باستخدام روبوتات برمجية ذكية. يؤدي العمال الرقميون المدعومون بالذكاء الاصطناعي الذين يؤدون المهام المتكررة واليدوية إلى مكاسب إنتاجية هائلة، وتحسين تجربة العملاء وزيادة مشاركة الموظفين. تقدم الشركة منصة التشغيل الآلي الوحيدة في العالم التي تعتمد على السحابة المحلية والإنترنت والتي تجمع بين التشغيل الروبوتي للعمليات والذكاء الاصطناعي والتعلم الآلي والتحليلات، مما يحقق انخفاضًا كبيرًا في إجمالي تكلفة الملكية (TCO)، وارتفاع معدل الأمان، وتسريع قابلية التوسع لتفوق المنصات المتجانسة القديمة. ويعد Bot Store الخاص بالشركة أول وأكبر سوق في العالم يضم أكثر من 1,200 حل من حلول التشغيل الآلي الذكي المعدة مسبقًا. وقد نشرت شركة Automation Anywhere ما يقرب من 3 ملايين روبوتًا لدعم بعض الشركات الكبرى في العالم من جميع القطاعات في أكثر من 90 بلدًا. للمزيد من المعلومات، يمكنك زيارة www.automationanywhere.com.

تعد شركة Automation Anywhere علامة تجارية أو خدمية أو علامة تجارية أو خدمية مسجلة لصالح شركة Automation Anywhere، في الولايات المتحدة وبلدان أخرى.

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Mogadishu Suicide Bombing Kills 2, Injures 5

At least two people were killed and five wounded Thursday after a suicide bomber detonated a device inside a cafe in the Somali capital, Mogadishu, police and witnesses said.

The suicide bomber targeted a tea shop near a crowded junction in northern Mogadishu, which was reportedly frequented by members of the Somali security forces as well as civilians.

The al-Qaida-linked group Al-Shabab claimed the attack through their Shahada News Agency, according to the U.S. monitoring group SITE.

The early-evening attack, which sent debris flying outside, killed two members of the security forces and injured five people, said Mohamed Ali, a traffic policeman who was at the scene.

“Pieces of metal and destroyed plastic seats were strewn around the whole area,” said Abdukadir Sagaalle, who witnessed the aftermath.

Al-Shabab, which is fighting to overthrow Somalia’s internationally backed government, regularly attacks government and civilian targets in Mogadishu.

Last month, the jihadists claimed responsibility for a suicide bombing on a crowded tea shop in Mogadishu that killed at least 10 people and wounded dozens.

The group controlled Somalia’s capital until 2011, when it was pushed out by African Union troops, but still holds territory in the countryside.

Source: Voice of America

Nigeria Says ‘Safe to Assume’ Boko Haram Leader Is Dead

Nigeria’s government no longer has any doubts that Abubakar Shekau, the notorious leader of the Boko Haram terror group, is dead.

Reports of Shekau’s death first emerged three months ago, with word he had been killed during a confrontation in the Sambisa Forest with rival terror group Islamic State West Africa Province (ISWAP).

Despite some initial skepticism, Nigerian officials now say the reports appear to be accurate.

“Our position is that he has been reported dead and he is dead,” Nigerian Information Minister Lai Mohammed told VOA’s Hausa service in an interview late Monday.

“Going from reports from the camp of Boko Haram itself, and going by the instability that has followed shortly after and the struggle for succession, and the recent surrender by thousands of Boko Haram adherents, I think it’s safe to assume that really, you know, he’s dead,” Mohammed said. “(We’ve) not seen any resurfacing of Abubakar Shekau.”

The Nigerian assessment aligns with the thinking of some U.S. officials who, like their Nigerian counterparts, have yet to see conclusive evidence.

“We think he was probably killed,” a U.S. military official told VOA on the condition of anonymity, because of the sensitivity of the intelligence about the Boko Haram leader.

Other U.S. officials have noted that the number of reports about Shekau’s death and the sourcing of those reports appear to be more credible than previous accounts of his demise.

Still, they have been wary of confirming that Shekau — who has faked his death several times only to “come back to life” months later — is in fact dead.

“The United States has not yet been able to independently verify these reports,” a State Department spokesperson told VOA last month.

Other intelligence agencies and counterterrorism officials also remain skeptical, voicing their doubts to a United Nations monitoring team for a report issued late last month.

Boko Haram has been “significantly weakened,” the report said, noting, “Some member states believe that Shekau may have escaped from the Sambisa Forest.” 

In the meantime, ISWAP, looking to capitalize on the situation, has been offering details through a leaked audio recording and in the group’s online newsletter in June, promoting the narrative that Shekau died. 

According to its account in Al-Naba, translated by SITE Intelligence Group, IS fighters found Shekau hiding with his guards by a tree, and rather than surrender, Shekau “detonated his explosive jacket, killing himself.”

Following the initial reports of Shekau’s death in May, a second State Department spokesperson told VOA that if true, “the death of one of the most violent terrorists in African history would be a positive development.”

But the official also cautioned that Shekau’s death, alone, would not be reason to rejoice.

“Even if Shekau has been killed, terrorism remains a threat to peace and stability in the region,” the spokesperson told VOA. “Boko Haram is not the only terrorist group operating in the area.”

Other officials have since echoed that concern.

“While some may take solace in the death of a brutally violent terrorist leader, we are concerned his death will likely allow Islamic State West Africa Province to consolidate fighters and resources into a more cohesive terrorist effort,” Special Operations Command Africa spokesperson Major Andrew Caulk, told VOA.

“A unified and more externally focused ISWAP could dramatically destabilize the Lake Chad basin area without substantial, coordinated multinational intervention,” he added.

Prior to Shekau’s reported death, intelligence officials said he likely commanded an estimated 1,500 to 2,000 fighters across Nigeria and Cameroon.

ISWAP, which split with Shekau about five years ago, has an estimated 3,500 fighters in Nigeria and surrounding countries.

Shekau led Boko Haram since about 2009 and is blamed for orchestrating a campaign of terror that has killed more than 30,000 people and forced millions more to flee their homes. Under Shekau’s leadership, the group gained additional notoriety for the 2014 kidnapping of about 300 schoolgirls from Chibok, Nigeria.

The U.S. designated Shekau as a Specially Designated Global Terrorist in 2012 and has been offering a reward of up to $7 million for information leading to his capture.

Source: Voice of America