Novavax to Raise $200 Million from Private Placement with RA Capital

GAITHERSBURG, Md., June 15, 2020 (GLOBE NEWSWIRE) — Novavax, Inc. (NASDAQ: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced that it has entered into an agreement to sell Series A Convertible preferred stock, convertible into 4,388,852 shares of common stock, to an investment fund affiliated with RA Capital Management […]

Chief Minister of Myanmar’s Yangon Bows Out of 2020 Elections

The chief minister of Myanmar’s commercial capital Yangon, seen as a possible successor to Aung San Suu Kyi, told RFA on Monday he will not contest elections in November because of a “health condition,” dismissing reports he had filed papers to run. Phyo Min Thein had been nominated by the ruling National League for Democracy […]

US Regulators Revoke Emergency Use of Malaria Drug for COVID-19

  The U.S. Food and Drug Administration Monday revoked emergency use authorization for a malaria drug that President Donald Trump hailed as a successful treatment for COVID-19. The FDA said there is growing evidence that hydroxychloroquine along with another malaria drug, chloroquine, are unlikely to be effective in treating the coronavirus and could cause deadly side effects. The agency said the drugs’ unproven benefits “do […]

Academy Delays 2021 Oscars Ceremony Because of Coronavirus

  For the fourth time in its history, the Oscars are being postponed. The Academy of Motion Picture Arts and Sciences and the ABC Television Network said Monday that the 93rd Academy Awards will now be held April 25, 2021, eight weeks later than originally planned because of the pandemic’s effects on the movie industry. […]

AP Wins Power of Purpose Award for New Brand Campaign

NEW YORK, June 15, 2020 (GLOBE NEWSWIRE) — The Associated Press won a Campaign US Power of Purpose award in the brand purpose category for the ‘Advancing the Power of Facts’ campaign. The campaign, produced by Love & War agency, emphasizes the global news agency’s vital role as the provider of accurate, unbiased, fact-based reporting […]

Sinch AB (publ): Sinch expands to India through acquisition of ACL Mobile

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire ACL Mobile Limited for a total cash consideration of INR 5,350 million. Using the current INR/SEK exchange rate of 8.17, this corresponds to SEK 655 […]