Day: November 24, 2021

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PHILOGEN ANNOUNCES NEW COLLABORATION WITH JANSSEN TO DISCOVER SMALL MOLECULE THERAPEUTICS

PHILOGEN ANNOUNCES NEW COLLABORATION WITH JANSSEN TO DISCOVER SMALL MOLECULE THERAPEUTICS

Siena, Italy, November 24, 2021 – Philogen S.p.A., a clinical-stage biotechnology company focused on antibody and small molecule-based targeted therapeutics, today announces that its wholly-owned Swiss subsidiary, Philochem AG, has entered into a new collaboration and option agreement with Janssen Biotech, Inc., one of the Janssen Pharmaceutical Companies of Johnson & Johnson, to discover new small molecules of pharmaceutical interest utilizing Philochem’s novel lead-generation technologies. The agreement was facilitated by Johnson & Johnson Innovation.

Under the terms of the agreement, Philochem will work with Janssen to apply its proprietary DNA-encoded chemical library technology platform, seeking to identify small molecule compounds that bind to specific targets. Janssen may exercise the options to use these identified ligands as candidates for further drug discovery and development activities.

Prof. Dario Neri, co-founder and Chief Executive Officer of Philogen commented: “We are pleased to establish another collaboration with Janssen and we hope our technology will contribute to providing innovative treatments for serious unmet medical needs.”

Philogen’s main focus is on the discovery and development of targeted anti-cancer therapeutics, which selectively accumulate at the site of disease helping spare normal tissue. Besides the successful development of antibody-cytokine fusions, Philogen has used its encoded library platform to identify small organic ligands with ultra-high affinity for tumor-associated antigens. These ligands are used for the selective delivery of diagnostic and therapeutic payloads including radionuclides or cytotoxic drugs to the site of disease. This approach is complementary to the use of antibody-cytokine fusions and the small molecule product candidates developed by Philogen have already obtained clinical proof-of-principle validation.

No financial details of the agreement were disclosed.

About Philogen

Philogen is a Swiss-Italian clinical-stage biotechnology company listed on the Italian Stock Exchange. It is engaged in the discovery and development of novel pharmaceutical and biopharmaceutical products. Philogen’s strategy is to deliver bioactive agents, for example cytokines or drugs, to the site of disease using antibodies and other ligands that specifically and efficiently target stromal antigens. This technology has generated a strong proprietary pipeline of clinical-stage products and preclinical compounds in an array of disease indications. Philogen is headquartered in Siena, Italy, and has research activities at its subsidiary company Philochem near Zurich, Switzerland. Philogen has signed agreements with several major pharmaceutical companies. For more information, please visit www.philogen.com and www.philochem.com .

Philogen contacts

Dr. Christian Lizak (Business Development), christian.lizak@philogen.com

Dr. Emanuele Puca (Investor Relations), emanuele.puca@philogen.com

+41 (0) 43 544 88 00

Consilium Strategic Communications contacts

Mary-Jane Elliott, Davide Salvi

Philogen@consilium-comms.com

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Nikkiso Cryogenic Industries Becomes North American Authorized Aftermarket Partner for Tatsuno

TEMECULA, Calif., Nov. 24, 2021 (GLOBE NEWSWIRE) — Nikkiso’s Clean Energy & Industrial Gases Group (“Nikkiso”) announced the signing of a Memorandum of Understanding (MOU) with Tatsuno North America, Inc. (“Tatsuno”) to initiate cooperation as the Authorized Aftermarket Partner for their Hydrogen Dispensers in North America to establish a framework for cooperation.

Under the terms of the MOU, Nikkiso will provide spare parts, maintenance and repair services of Tatsuno’s Hydrogen Dispensers from Nikkiso’s network of North America facilities that are near the end user’s hydrogen refilling stations. In addition, Nikkiso will install and commission new dispensers, including the provision of engineering and pre-setup support for Tatsuno’s charging and fleet management systems.

Hydrogen dispensing is a new and developing market and an important component of the Hydrogen fueling station solution. These dispensers provide safe and fast fueling for both light duty and heavy-duty vehicles at 350 barg and 700 barg.

“The newly formed partnership with Nikkiso Cryogenic Industries and Tatsuno strengthens our Hydrogen presence and allows us to better serve the North American markets,” according to Teru Murakami, General Manager, Cryogenic Business Department, Nikkiso Co., Ltd. “We are looking forward to providing Tatsuno’s customers top quality service and support.”

Nikkiso Cryogenic Industries was chosen for this new, long-term partnership because of their relationships and hydrogen experience. They are also able to provide expanded services including complete Hydrogen fueling system solutions. This partnership will also provide new jobs for the local service facility economies.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, 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

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1st Asia-Europe Economic and Business Forum Officially Opened

The 1st Asia-Europe Economic and Business Forum under the theme “Transitioning to a New Normal: Leveraging Global Value Chains, Multilateralism and the 4th Industrial Revolution” was officially opened this morning.
This virtual event was presided over by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia.
Samdech Techo Hun Sen said this forum is significant for investors to identify and explore new business and trade opportunities, and to strengthen cooperation and partnerships between public and private sectors, especially to exchange views under the important theme aimed at promoting business-investment activities and socio-economic development in a new normal.
All have known very well that Asia-Europe cooperation has contributed significantly to the strengthening of the people-to-people and economic ties for the common development, he said, underlining that at the same time, this cooperation still holds more potentials that we need to capture to promote socio-economic development of Asia-Europe.
In fact, he continued, Asia-Europe countries accounts for about 65 percent of the global economy, and around 55 percent of global trade. Going forward, as Covid-19 crisis is expected to subside in the near future, promoting the normalcy of trade flow, business and investment corresponding to the new global trends is an essential and urgent task to revive and enhance the socio-economic development of Asia-Europe.

Source: Agency Kampuchea Press

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PM Raises Five Important Points for Post-COVID-19 Recovery for Asia and Europe

As the world is still facing other complex issues, Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, has highlighted five important points so as to restore socio-economic development in the post-COVID-19 era.
In his opening speech to the 1st Asia-Europe Economic and Business Forum under the theme “Transitioning to a New Normal: Leveraging Global Value Chains, Multilateralism and the 4th Industrial Revolution” organised virtually this morning, Samdech Techo Hun Sen said the world is challenging with the decline of global value chains and global production chains, the emergence of a multipolar system and geopolitical tensions, the decline of global productivity, the increase of social inequality and poverty, the stronger and faster momentum of factory relocation caused by the effects of trade war and tech war, and the greater impact of climate change, etc.
In this context, the Premier took this opportunity to share his views on issues that Asia-Europe need to pay attention to.
“Under the multilateral framework, we have observed that some countries are differed on their views in promoting trade cooperation as well as regional and global socio-economic development. In this sense, we need to strengthen the unity and place utmost important to the benefits of the people, by adhering to multilateral mechanism to address issues in all areas and accelerate socio-economic connectivity in order to advance our agenda for sustainable and inclusive development,” he said.
At the same time, he added, international trade is a key locomotive for promoting economic growth and job creation. “With the new trend of changes in trade and global supply chains, I am of the view that both regions need to pay more attention to supporting multilateral trading system, especially further enhancing the liberalisation and trade facilitation through the removal of trade and investment barriers so as to capture the potentials of Asia-Europe trade cooperation,” he underlined.
In the context of 4th Industrial Revolution, Samdech Techo Hun Sen said the adaptation to the new normal will further advance the adoption of digital technologies for living, industrial development, and economic industrialisation. “Therefore, we must work together to leverage the 4th Industrial Revolution to the maximum, especially for countries with limited level of economic development, by attaching priority to the development of digital government and digital economy so as to create a new growth pillar with resiliency,” he said.
Furthermore, Samdech Techo Hun Sen said promoting the development of SMEs is also another important priority. For that it requires enhancing collaboration between the public and private sectors, under both bilateral and multilateral cooperation with the aim to attract investment, develop human resources, and promote the transfer of knowledge and technology in line with the new normal, by focusing on the capturing of the potentials of the 4th Industrial Revolution as well as advancing digital transformation and e-commerce development through providing support in terms of both policy and financing.
Besides, promoting green development is also a foundation to support the long-term socio-economic development, which will enhance economic efficiency and strengthen climate resiliency, he added.
“In this regard, we must strengthen and expand regional and global cooperation to promote green development, in particular encouraging the private sector to increase green investments, improving investment efficiency in all relevant sectors and promoting green industry development and green technology adoption,” he stressed.
Samdech Techo Prime Minister also highlighted the Royal Government’s action in response to the COVID-19 pandemic.

Source: Agency Kampuchea Press

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Cambodia’s Daily COVID-19 Cases Keep Falling

New cases of COVID-19 in Cambodia keep going down, to only 34 this morning, according to a press release of the Ministry of Health.
These are PCR test results, underlined the same source, adding that 6 of which were imported and the rest were linked to the Feb. 20 community outbreak.
The national counts now increased to 119,977, including 19,793 imported cases, it added.
Meanwhile, the ministry recorded 37 newly recovered cases, but 5 new deaths (3 of them have not been vaccinated); bringing the total cured and death cases in the Kingdom to 116,357 and 2,914, respectively.
The first COVID-19 case was detected in Cambodia in late January 2020 in Preah Sihanouk province. The confirmed cases have surged quickly this year due to the Feb. 20 incident.

Source: Agency Kampuchea Press

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