Tuesday, October 27, 2026

AHS Properties to Launch USD 1.3 Billion AHS Twin Towers, a Grade A Commercial Office Building on Sheikh Zayed Road

Dubai, United Arab Emirates - Tuesday, 27. October 2026


AHS Properties is set to launch AHS Twin Towers, its new commercial development on Sheikh Zayed Road, following the AED 1.1 billion acquisition of Shangri-La Dubai. The property will undergo a major transformation into a Grade A commercial destination.


Positioned on one of Dubai’s most prominent commercial corridors, AHS Twin Towers will introduce a new architectural identity for the property. The project has been designed by Gensler, an internationally recognised architecture and design firm, with interiors by AHS Atelier, the company’s in-house design studio, bringing a bespoke approach to materiality, detailing and craftsmanship throughout the development.


AHS Twin Towers will comprise ground floor plus 50. The development will offer flexible Grade A office environments supported by an integrated mix of business, wellness and lifestyle amenities. More than 30,000 sq. ft. will be dedicated to wellness and fitness, alongside over 12,000 sq. ft. of culinary experiences and more than 1,000 parking spaces. The wider offering will include an elevated dining destination, a private wellness sanctuary with a dedicated lap pool, executive business lounges and a landscaped rooftop sky garden.


Abbas Sajwani, Founder and CEO of AHS Properties, said: “AHS Twin Towers represents our next major step in Dubai’s commercial real estate market. Businesses in Dubai are expecting more from prime commercial real estate than ever before. Location will always remain fundamental, but today there is a much greater focus on design, amenities and the overall experience a building can offer. By transforming Shangri-La Dubai into AHS Twin Towers, we are bringing these elements together at one of Sheikh Zayed Road’s most established addresses. Our aim is to create a workplace that reflects how companies and their teams want to work today, and to set a new standard for the commercial assets Dubai’s next phase of growth will demand.”


AHS Twin Towers builds on the track record of AHS Tower, the company’s first Grade A commercial development, which sold out for more than USD 700 million during development.


ABOUT AHS PROPERTIES


AHS Properties is a Dubai-based luxury real estate developer founded in 2021 by Emirati entrepreneur Abbas Sajwani, specialising in residential and commercial properties across the UAE.


ahsproperties.com


ahstwintowers.com



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Contacts

Sura Hammadin, Sura.Hammadin@ahs-properties.com


Lilas Alarbed, lilas.alarbed@ahs-properties.com

Effort Inflation Puts Brand Loyalty at Risk, Netcracker/CSG Research Finds

  2027 State of the Customer Experience Report shows customers turn to third-party AI for help, while effective automation and human support strengthen loyalty


 


(BUSINESS WIRE)--Netcracker/CSG® today released the 2027 State of the Customer Experience Report, which finds that “Effort Inflation,” the growing time, steps, and mental effort customers must use to engage with brands, is damaging trust and loyalty. The findings show that customers will stay with brands that make touchpoints faster and easier, ensure continuity across channels, and preserve access to human support when needed.


One consequence of Effort Inflation is the rise of a “shadow customer experience” layer, where customers turn to third-party AI assistants and personal agents to navigate brand interactions, pushing critical touchpoints out of the brand’s control. As more support journeys shift outside owned channels, brands risk losing visibility, context, and opportunities to build trust. This trend reinforces the need for connected, effortless experiences that maintain context across channels, resolve issues quickly, and strengthen loyalty.


Netcracker/CSG’s global survey of 1,800 digital citizens found that:


Customers are working harder to get help: 74% of consumers say resolving an issue with a brand takes as much or more effort than it did a year ago. One in five has recently given up on resolving a customer service issue because it took too much effort.

…and Effort Inflation damages loyalty: 86% say they’re likely to leave a brand when dealing with it takes too much work.

Ineffective chatbots and AI support put the burden on the customer: 81% say automated support takes more effort than traditional support. Forty percent say it has become more difficult to get chatbots to understand what they need, and 60% say that being routed to a chatbot feels like the brand doesn’t care about them.

…but effective AI can strengthen loyalty: 44% say they have stuck with a brand longer because its automated support effectively resolved a task.

Customers turn to third-party AI to avoid extra effort: 77% have used a third-party AI assistant to help resolve an issue with a brand, and one in four do so most or all of the time.

…and human support remains central to an effortless experience: Over half (52%) of customers who recently had an “effortless experience” say that talking to a human was part of what made it effortless. Yet 57% said reaching a live representative got more difficult this year.

“AI is only as good as the context behind it,” said Bob Titus, Chief Technology Officer at Netcracker Technology. “When customer data, interaction history, and workflows are scattered across systems, every new AI layer inherits those gaps and compounds the confusion. Our research shows that customers are running out of patience with repetitive, disconnected experiences, and they reward AI that actually gets things done. That makes connected context the deciding factor between the brands customers trust and the ones they abandon.”


Read the 2027 State of the Customer Experience Report to explore the full analysis and learn how brands can curb effort inflation, navigate shadow customer service, and balance human and AI experiences to win loyalty.


Methodology


Netcracker/CSG partnered with Wakefield Research to field a custom quantitative study of 1,800 “digital citizens”—people who have engaged with online services such as paying a bill online, using online customer support, making an online order, or using an online account. The study was fielded July 20–August 3, 2026, to respondents distributed across the regions of North America, Central & Latin America, and EMEA.


About Netcracker Technology/CSG


Netcracker/CSG, a wholly owned subsidiary of NEC Corporation, helps companies transform and grow by creating better customer experiences that make it easier for people and businesses to connect with, use, and pay for the services they value most. We combine complementary capabilities across AI-powered operations, customer engagement, monetization, billing, and payments. Our AI-enabled digital platforms and deep industry expertise help companies modernize operations, elevate customer experiences, optimize revenue, and accelerate growth. Together, these capabilities enable companies to build lasting customer loyalty at every interaction.


Visit netcracker.com and csgi.com to learn more.


 


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Contacts

Julia Dakhlia

External Communications

+1 (402) 431-7376

julia.dakhlia@csgi.com

Cognite Spotlights UAE Industrial AI Momentum and Honors Regional Leaders at Impact World Tour Event in Abu Dhabi

 Regional leaders Borouge International, ADNOC Gas, ADNOC Offshore, and ADNOC Upstream take center stage to showcase enterprise-scale achievements in Industrial AI


 


(BUSINESS WIRE)--Cognite, the recognized global leader in Industrial AI, today announced the regional winners of its AI Impact Awards. Representatives from honorees ADNOC Gas and ADNOC Upstream joined nearly 200 senior leaders from energy, gas, and petrochemical organizations across the region at the latest stop on Cognite’s 2026 Impact World Tour, which has already visited Houston, Oslo, Mumbai, and Tokyo, with more events scheduled through the end of the year.


Celebrating Regional Leadership: The AI Impact Awards


The AI Impact Awards Program celebrates achievements in AI-driven innovation, operational excellence, and the use of the Cognite Industrial AI and Data Platform to transform asset-heavy operations to be safer, more sustainable, and profitable. Cognite honors regional winners at World Tour events as part of the agenda’s focus on real-world achievement in Industrial AI. This year’s winners in the EMEA region include:


ADNOC Gas received the Impact Award for Enterprise Scale, recognizing the continued development and scaling of its Industrial Data Intelligence (IDI) platform to strengthen access to contextualized operational data and support the deployment of digital and AI-enabled solutions.

ADNOC Upstream received the Impact Award for Innovation in Production Optimization for its AiPSO project, which turns multi-source operational signals into a single, contextualized data foundation to optimize production workflows and resource efficiency in real time.

These winners join a distinguished group of past Impact Awards honorees that includes Cognite partners Microsoft, Radix, and Rockwell Automation; as well as Cognite customers Aker BP, Cosmo Energy, International Paper, SLB, and others.


Also On Hand: Industrial AI Innovators Sharing Their Expertise


The World Tour agenda featured customer perspectives from two organizations advancing the adoption of Industrial AI:


Borouge International - Ghalib Al Afifi, Senior Vice President, Global AI & Digital, shared how the global petrochemicals company is scaling AI across its global footprint through strategic partnerships and workforce capability building.

ADNOC Offshore - Dr. Slahadin Al Ashair, Project Manager, Intelligent Operations Centre, discussed how its Digital Factory uses Cognite to power more than 11 AI-enabled digital twins through a Reality-Based Prescriptive Analytics (RB-PdsM) approach he helped pioneer.

Deepening Cognite's Commitment to the UAE


The Abu Dhabi event builds on Cognite's continued investment in the region. Last year, the company incorporated a dedicated UAE entity, establishing a local hub for expertise, technology, and customer support. The move reflects Cognite's commitment to its growing customer base across the Middle East as the UAE positions itself as a global leader in applied AI.


"Customer innovation with Industrial AI and data is moving faster than ever, and value is being delivered at scale in more creative ways than we've ever seen," said Girish Rishi, CEO of Cognite. "The success we're celebrating in Abu Dhabi is a powerful example of what's possible when industrial leaders scale AI across their operations. Cognite remains committed to supporting the region's initiatives and helping them achieve true business impact."


About the 2026 Impact World Tour


The 2026 Impact World Tour is a global series of dynamic, one-day events designed for industrial leaders, data engineers, and ecosystem partners. Through interactive platform demonstrations, deep technical learning, and peer-led best practice discussions, attendees engage directly with Cognite experts and each other to build expertise in transforming complex data into production-ready AI solutions. The tour equips participants with the practical knowledge and connections necessary to drive real production efficiency and achieve transformative business impact.


About Cognite


Cognite makes AI work for industry. Leading energy, manufacturing, life sciences, and power and renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable industrial data & AI platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real time, and build a better tomorrow. Visit us at www.cognite.com, and follow us on LinkedIn.


 


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Contacts

Media Contact:

Robin Rees

Corporate Communications

media@cognite.com

MUFG Investor Services Appoints McAllister Kirschner Chief Executive Officer

 TOKYO & NEW YORK - Tuesday, 27. October 2026 AETOSWire Print 



(BUSINESS WIRE)--MUFG Investor Services today announced the appointment of McAllister (Mac) Kirschner as Chief Executive Officer, effective immediately. John Sergides has stepped down as Chief Executive Officer of MUFG Investor Services for health-related reasons.


Kirschner has served as Chief Operating Officer of MUFG Investor Services since 2018, overseeing business and banking operations across public and private markets. He joined MUFG Investor Services in 2016 and previously served as Global Head of Relationship Management, bringing extensive knowledge of the business, its clients, and operations. Before joining MUFG Investor Services, Kirschner was a Managing Director in BlackRock’s Global Fund Services business, where he led teams responsible for shareholder servicing, fund administration, and trade operations supporting BlackRock’s alternative investments business. Prior to BlackRock, he led the Investor Relations team at Quellos Group, LLC, whose private funds business was subsequently acquired by BlackRock.


With approximately $1.29 trillion in assets under administration, MUFG Investor Services is a global leader in asset servicing for alternative investment managers. MUFG remains firmly committed to its long-term growth and success. Under Kirschner’s leadership, the firm will continue to strengthen its capabilities and expand its solutions to meet the evolving needs of clients.


MUFG Investor Services is part of Mitsubishi UFJ Trust and Banking Corporation (MUTB), a subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups.


About MUFG Investor Services

MUFG Investor Services is a trusted partner to many of the world’s largest public and private funds, providing asset servicing and operational solutions built for alternatives. With $1.29 trillion in assets under administration, MUFG Investor Services offers fund administration, business process outsourcing, banking, fund financing, foreign exchange overlay, corporate and regulatory services, custody and depositary solutions, business consulting, and more. Operating from 16 locations worldwide, the business helps clients mitigate risk, enhance efficiency, and navigate the operational complexities of today’s investment management landscape. As part of Mitsubishi UFJ Trust and Banking Corporation (MUTB), a subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups with approximately $3 trillion in assets, MUFG Investor Services combines specialized asset servicing expertise with the scale, resources, and financial strength of its parent group. For more information, visit www.mufg-investorservices.com.


 


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Contacts

Media Contact

Bari Trontz

MUFG Investor Services

btrontz@mfsadmin.com

NTT DATA Expands AI Factory Footprint Globally to Help Clients Scale AI from Pilots to Production

 LONDON - Tuesday, 27. October 2026 AETOSWire  


NTT DATA AI Factories help clients validate priority AI use cases, infrastructure, security, governance and economics before scaling into production.

The environments bring together NTT DATA’s full-stack AI expertise with technologies from leading ecosystem partners, including Cisco and NVIDIA.

NTT DATA AI Factories open in North America, Europe, Asia-Pacific and the Middle East.

 


(BUSINESS WIRE) -- NTT DATA, a global leader in AI, digital business and technology services, today announced the global expansion of NTT DATA AI Factories, which provide hands-on environments where organizations can determine how priority AI use cases can be deployed, secured, governed and operated at scale. The environments help business and technology leaders evaluate AI workloads against real-world requirements including infrastructure architecture, performance, workload placement and cost.


NTT DATA’s market research shows enterprise leaders want greater confidence about performance and business value before scaling AI investments. For many organizations, the shift from AI pilots to production is stalled by infrastructure bottlenecks, governance concerns, security requirements and uncertainty around operational costs and performance. To help clients make deployment decisions with greater confidence, NTT DATA AI Factories bring together the company’s full-stack AI capabilities with technologies from leading ecosystem partners, including Cisco and NVIDIA.


These facilities demonstrate use-cases across employee productivity, customer experience, intelligent operations, cybersecurity, networking, software development and industry-specific business processes. Engagements also include discovery workshops, technical deep dives, proof-of-concept planning and solution design. The environments are underpinned by technologies from NTT DATA’s partner ecosystem including Cisco Secure AI Factory with NVIDIA, which provides a secure and scalable infrastructure foundation for enterprise AI.


“AI at scale is ultimately about turning intelligence into measurable business impact,” said Dilip Kumar, President, Technology Solutions, NTT DATA, Inc. “That requires organizations to balance innovation with responsibility and make informed choices about where AI creates value and how it can be deployed sustainably and economically. Our AI Factories help clients build that confidence before they scale.”


A global AI Factory ecosystem


The company launched new AI Factories this month in Paris and Singapore. These new sites join the inaugural AI Factory in Plano, Texas, and an AI Factory in Riyadh.


These four facilities complement the new NTT DATA AI Factory Munich, which launched October 7 in NTT Global Data Centers’ Munich 2 data center. This facility lets organizations test AI they own and control against their own use cases in Munich’s production-grade environment before making investment decisions.


Together, these facilities form a connected global ecosystem of expertise and capabilities that help clients move their AI strategy into production with greater confidence.


“Scaling AI goes beyond computing. Enterprises need a secure and resilient infrastructure foundation that spans infrastructure, security, performance and operations — while maintaining control of their data and AI economics,” said Cassie Roach, Global Vice President, AI Infrastructure & Connectivity Partner Sales, Cisco. “Cisco Secure AI Factory with NVIDIA, combined with NTT DATA’s global presence and expertise, gives organizations a strong foundation for moving AI workloads from experimentation into successful production.”


“Realizing AI outcomes starts with building the right AI Factory foundation with strong governance,” said Chris Barnard, Vice President, Networking and Infrastructure Services, IDC. “That requires infrastructure, data, security and operations to work together, supported by the right ecosystem of partners. NTT DATA’s AI Factory approach brings these capabilities together to help organizations build operational maturity, manage complexity and turn AI investments into business outcomes.”


To learn about orchestrating AI control at scale, visit our website.


About NTT DATA


NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.


Visit us at nttdata.com.


 


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Contacts

Media Contact


NTT DATA, Inc.

Dan.Smith@nttdata.com

TetraMem Advances Analog In-Memory Computing with Tapeout of New 12nm AI SoC

 Leveraging Synopsys cloud-enabled EDA solutions to scale multi-level RRAM-based AI chip development to advanced FinFET nodes


(BUSINESS WIRE) -- TetraMem, a Silicon Valley-based pioneer in analog in-memory computing (A-IMC), announced the successful tapeout of MLX300, the world’s first 12nm A-IMC system-on-chip (SoC) based on multi-level RRAM technology. The SoC was developed using industry-leading EDA solutions enabled through Synopsys Cloud FlexEDA, and this milestone represents a major step in bringing this architecture toward advanced-node, production-ready computing.

“TetraMem’s architecture represents a fundamentally new approach to AI computing by converging memory and compute together,” said Glenn Ge, CEO and Co-founder of TetraMem. “Leveraging Synopsys EDA solutions through Synopsys Cloud have been instrumental in enabling efficient global collaboration and accelerating our path from research innovation to manufacturable silicon.”

The MLX300 tapeout follows TetraMem’s recently announced MLX200/MLX200M multi-level RRAM A-IMC SoC implemented on a commercial 22nm process, marking two successful full-mask tapeouts achieved in 2026. Both designs leveraged Synopsys EDA solutions delivered on the Synopsys Cloud FlexEDA, enabling highly efficient distributed development across TetraMem’s engineering teams in the United States and Singapore while significantly accelerating design productivity and iteration cycles. For example, TetraMem reduced their overall design environment bring up time from weeks to minutes, and achieved 3x faster Register Transfer Level (RTL) verification simulation relative to on-premises methods.

“TetraMem’s work in analog in-memory computing reflects the kind of bold innovation needed to unlock the next wave of AI performance and efficiency,” said Sanjay Bali, Senior Vice President of EDA Product Management and Strategy at Synopsys. “At Synopsys, we are pleased to support TetraMem with our cloud-enabled design solutions, advanced EDA technologies, and proven IP to help accelerate the development of next-generation AI hardware.”

TetraMem’s unique architecture enables scalable development of next-generation AI accelerators targeting dramatically improved performance-per-watt and reduced data movement bottlenecks. The MLX300 builds on that architecture as a versatile single-chip accelerator for audio, vision, and small language models, supporting up to 64 million INT4 parameters on-chip without external DRAM for model-weight storage. The SoC is targeting energy-efficiency of more than 50–80 TOPS/W, demonstrating the potential of RRAM-based analog computing to deliver significant efficiency gains for next-generation AI inference.


About TetraMem

TetraMem is a Silicon Valley AI semiconductor company developing analog in-memory computing technologies based on multi-level RRAM (memristor) to dramatically improve AI energy efficiency and scalability.


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Contacts

Media Contact:

Glenn Ge

pr@tetramem.com

Former Nokia Technologies C-suite Executive Joins Sisvel to Lead Creation of New Ventures Unit

 (BUSINESS WIRE)--Stavros Kyris has joined Sisvel to lead the formation of Sisvel Ventures, which has a wide-ranging remit to explore opportunities outside of Sisvel’s core areas of business.

Kyris previously held a number of senior roles at Nokia and from 2019 until earlier this year was Chief Strategy, Financial and Operating Officer of Nokia Technologies. Before that, he spent five years as Chief of Staff to Nokia’s CEO, having formerly worked in corporate business development, strategy and M&A at the company.

Sisvel Ventures will identify and develop IP-based business projects that do not sit within Sisvel’s established standard essential patent (SEP) pool licensing operation. It will draw on expertise within the broader company while functioning separately from it. Senior Sisvel executives Matteo Sabattini and Leonardo Saroni will join Kyris in building the new unit.

“Sisvel Ventures is an exciting endeavour that I am delighted to help launch,” says Kyris. “Sisvel has a reputation for its bold, entrepreneurial approach and with the number of exciting opportunities now emerging in the IP space, this is the ideal time to leverage the wide-ranging technical and commercial knowledge inside the firm in this way.”

“Someone with Stavros’s experience and expertise always has considerable options, so it is a real coup for Sisvel that he has decided to come on board,” adds Sisvel CEO and President Mattia Fogliacco. “With Matteo and Leonardo also involved, Sisvel Ventures has an exceptionally strong team. Crucially, it has been designed to operate in areas that are not covered by the pools business, which will always be the mainstay of our long-term strategy. We know that there are opportunities out there which we have been unable to exploit up to now. That changes from today.”


About Sisvel

Sisvel is driven by a belief in the importance of collaboration, ingenuity and efficiency to bridge the needs of patent owners and those that wish to access their technologies. In a complex and constantly evolving marketplace, our guiding principle is to create a level playing field through the development and implementation of flexible, accessible commercialisation solutions.


Sisvel | We Power Innovation



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Contacts

Media

Giulia Dini 

Executive Head of Brand 

Tel: +34 93 131 5570 

giulia.dini@sisvel.com 

Media Release: Allianz Beach Arena for the LA28 Olympic and Paralympic Games Joins the Allianz Family of Stadiums

 First Olympic and Paralympic venue in history to display the Allianz name and the eighth member of the Allianz Family of Stadiums.

The nearly 15,000 seat temporary arena on the Long Beach waterfront will host Olympic Beach Volleyball and Paralympic Blind Football (Soccer).

Allianz unveils its customized LA28 Games emblem, marking the start of its preparations for the LA28 Olympic and Paralympic Games.

 


(BUSINESS WIRE)--For the first time in Olympic and Paralympic history, a competition venue will carry the Allianz name. The Allianz Beach Arena in Long Beach, California, for the LA28 Olympic and Paralympic Games will become the newest member of the Allianz Family of Stadiums.


From Horse Guards Parade in London to Copacabana Beach in Rio and the Eiffel Tower in Paris, Olympic Beach Volleyball has always found its home in iconic settings around the world. At the LA28 Games, that home will carry the Allianz name. Allianz is proud to help celebrate this exciting sport in Long Beach, a city in the southern part of Los Angeles County where beach volleyball is part of everyday life and local culture.


Set right on the Long Beach waterfront, the nearly 15,000 seat temporary arena will host the Olympic Beach Volleyball and the Paralympic Blind Football (Soccer) competitions. Across both competitions, the arena is expected to welcome nearly 735,000 spectators. LA28 anticipates selling approximately 14 million tickets for the Olympic and Paralympic Games in July and August 2028.


One of the biggest stadium networks in the world


As the first event-specific member of the Allianz Family of Stadiums, the Allianz Beach Arena, built solely for the LA28 Games, joins seven landmark sport venues around the world: the Allianz Arena in Munich, Allianz Stadium in Twickenham, Allianz Stadium in Sydney, Allianz Riviera in Nice, Allianz Stadion in Vienna, Allianz Stadium in Turin and Allianz Field in St. Paul, Minnesota. Now one of the biggest stadium networks in the world, it began with the Allianz Arena in 2005. Today, these venues collectively welcome around 10 million visitors every year.


"For the first time, two of Allianz’s major sports initiatives – the Allianz Family of Stadiums and our Worldwide Olympic and Paralympic partnership – come together in one venue that proudly bears the Allianz name. Beach Volleyball broke attendance records at Olympic Games Paris 2024, and having the Allianz name on its arena at the LA28 Games is a unique way to bring our brand closer to fans and strengthen our visibility as a Worldwide Olympic and Paralympic Partner," said Eike Bürgel, Global Head of Olympic and Paralympic Program at Allianz.


The Allianz Riviera in Nice hosted six football matches under a neutral name during Paris 2024. At the LA28 Games, the Allianz Beach Arena becomes the first Olympic venue to display the Allianz name. LA28 is making history as the first Olympic and Paralympic Games to offer naming rights at competition venues, creating new commercial opportunities that directly support the staging of the Games.


Allianz is also launching its LA28 Games "custom A" emblem. The "A" in the LA28 emblem is designed to change, allowing each partner to create its own interpretation. For Allianz, the design takes inspiration from the company’s Family of Stadiums, featuring the Allianz Arena in Munich and Allianz Field in St. Paul, Minnesota.


These announcements mark another step in Allianz’s preparations for the LA28 Games. Building on 20 years of partnership with the Paralympic Movement, Allianz has been a Worldwide Olympic and Paralympic Partner since 2021 and will continue to support the Games through 2032. Allianz firmly believes in the power of sport to bring people together, and no place does this better than a stadium. The Allianz Family of Stadiums and the Olympic and Paralympic Movement share this spirit, creating spaces of connection and common understanding that foster inclusive prosperity. Next up: on sand.


By the numbers


First competition date at Allianz Beach Arena: July 15, 2028.


Venue capacity: nearly 15,000 per session; nearly 735,000 total attendance.


Number of ticketed matches:


Olympics: 39 (two medal events).


Paralympics: 10 (one medal event).


Members of the Allianz Family of Stadiums: eight across seven countries.


About Allianz


The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 791 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.2 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.


* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

** As of June 30, 2026.


Mandatory corporate information: Corporate disclosures


These assessments are, as always, subject to the disclaimer provided below.


Cautionary note regarding forward-looking statements


This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.


Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.


No duty to update


Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.


Privacy Note Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.


 


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Contacts

For further information, please contact:


Florian Amberg

Tel. +49 89 3800 15924

E-Mail: florian.amberg@allianz.com


Heidi Polke

Tel. +49 89 3800 90777

E-Mail: heidi.polke@allianz.com


Patricia Segovia

Tel. +49 89 3800 67589

E-Mail: patricia.segovia@allianz.com


 

Two-Year Data of Pimicotinib Demonstrated Durable Tumor Control and Sustained Improvement in TGCT Symptoms and Joint Function

DARMSTADT, Germany - Monday, 26. October 2026



    Improvements in symptoms of pain, stiffness, and range of motion were sustained through two years

    Tumor responses remained robust1 and durable2

Not intended for U.K.-, U.S.- or Canada-based media

 

(BUSINESS WIRE) -- Merck, a leading science and technology company, today announced new two-year follow-up results from the Phase 3 MANEUVER study evaluating pimicotinib in patients with tenosynovial giant cell tumor (TGCT). The study showed that among patients initially randomized to pimicotinib, improvements in symptoms and joint function were observed as early as Week 5, sustained through two years, and continued to improve over time. Tumor responses remained robust1 and durable,2 and the safety profile was consistent with previous analyses. The findings are being presented today in the Sarcoma poster session at the European Society for Medical Oncology (ESMO) Congress 2026 (Presentation # 3747P).

"For people living with TGCT, the impact of the disease is often felt through persistent limitations in mobility, physical function and the ability to carry out everyday activities," said Vinod Ravi, MD, MS, MBA, Department of Sarcoma Medical Oncology, Division of Cancer Medicine, University of Texas MD Anderson Cancer Center, an investigator on the MANEUVER trial. "What is encouraging about these two-year findings is the consistency of improvements, not only in the durability of tumor response, but across the symptoms and functional outcomes that matter to patients. Together with the observed safety profile, these results provide important insight into the potential for pimicotinib to deliver meaningful benefit over time."

The new analysis in patients initially randomized to pimicotinib found that at Week 97, mean changes from baseline were 19.6% in range of motion, -3.9 in stiffness (as measured by the Worst Stiffness Numeric Scale Rating), -3.1 in pain (as measured by the Brief Pain Inventory worst pain rating) and +7.4 in physical function (as measured by the patient-reported PROMIS-PF scale).

Tumor responses also remained robust1 and durable2 through two years. Objective Response Rate (ORR) by blinded independent review committee (BICR) per RECIST v1.1 was 76.2% (95% CI: 63.8, 86.0), remaining unchanged from the one-year analysis, while ORR per BIRC based on tumor volume score (TVS) increased from 74.6% at one year to 77.8% (95% CI: 65.5, 87.3) at two years. Median duration of response was not reached at the time of analysis, and median treatment duration was 22.6 months (range: 1.8-33.6 months) at the March 1, 2026 data cutoff. Fifty-four percent of patients initially randomized to pimicotinib remained on treatment at two years.

In MANEUVER, pimicotinib was well-tolerated, with no evidence of cholestatic hepatotoxicity or hair/skin hypopigmentation. During the randomized, double-blind treatment phase of the trial, treatment-emergent adverse events (TEAEs) leading to treatment discontinuation occurred in one patient (1.6%) treated with pimicotinib; TEAEs leading to dose reduction occurred in 7.9% (n=5) of pimicotinib-treated patients.

"These two-year findings add to the growing body of evidence from the MANEUVER study demonstrating the potential for pimicotinib to meaningfully address some of the burden of TGCT," said David Weinreich, MD, MBA, Global Head of R&D and Chief Medical Officer for the Healthcare business of Merck. “The sustained improvements observed across symptoms, physical function and tumor control reinforce the potential of pimicotinib to address aspects of TGCT that can affect patients every day. These results add to our evolving understanding of the long-term benefit that pimicotinib may provide for people living with this debilitating rare tumor."

TGCT is a rare, locally aggressive tumor occurring in or around the joints leading to progressive worsening of symptoms including pain and reduced mobility of the affected joint, significantly impacting physical function in what is typically an otherwise healthy and young adult population. Patient-reported experiences indicate that up to half of people with TGCT may initially receive an incorrect diagnosis, which can delay appropriate disease management.3 If left untreated or in recurrent cases, TGCT may result in cumulative morbidity and irreversible damage to the bone, joint and surrounding tissues.

Pimicotinib was approved in China by the China National Medical Products Administration (NMPA) in December 2025 and in Canada by Health Canada in June 2026 for the treatment of adult patients with symptomatic TGCT. A regulatory application is currently under review by the U.S. Food and Drug Administration (FDA) and other regulatory agencies.

1 54% ORR as assessed by BIRC based on RECIST v1.1 at week 25 vs. 3% with placebo; p<0.0001.

2 The majority (77%) of patients with response at 25 weeks maintained this clinical benefit after an additional 12 months of treatment.

3 Stern S, et al. Localized and diffuse tenosynovial giant cell tumor: real-world results from a patient observational registry. Future Oncol. 2025;21(12):1501-1510.

About MANEUVER

The pivotal, global Phase 3 MANEUVER study is a three-part, randomized, double-blind, placebo-controlled study to assess the efficacy and safety of pimicotinib in patients with TGCT who were eligible for systemic therapy and have not received prior anti-CSF-1/CSF-1R therapy.

The ongoing study is being conducted by Abbisko Therapeutics and enrolled patients globally in U.S., Canada and Europe (n=49) and China (n=45).

In the double-blind Part 1, 94 patients were randomized 2:1 to receive either 50 mg QD of pimicotinib (n=63) or placebo (n=31) for 24 weeks. In addition to the primary endpoint of ORR at week 25, as measured by RECIST v1.1 by BICR, secondary endpoints include tumor volume score (TVS), relative range of motion, stiffness by Numeric Rating Scale (NRS), pain by Brief Pain Inventory (BPI), and physical function measured by Patient-Reported Outcomes Measurement Information System (PROMIS-PF).

After the double-blind Part 1, all eligible patients from either arm could continue to the open-label Part 2 and receive up to 24 weeks of pimicotinib treatment. Patients who completed Part 2 could then enter the open-label extension phase (Part 3) for extended treatment and safety follow-up.

About Pimicotinib (ABSK021)

Pimicotinib, developed by Abbisko Therapeutics, is a novel, orally administered, selective and potent small-molecule inhibitor of CSF-1R. Pimicotinib has been approved for the treatment of adult patients with symptomatic TGCT for which surgical resection will potentially cause functional limitation or relatively severe morbidity by China National Medical Products Administration (NMPA) and Health Canada. It has been granted breakthrough therapy designation (BTD) for the treatment of inoperable TGCT by the U.S. Food and Drug Administration (FDA), and priority medicine (PRIME) designation from the European Medicines Agency (EMA). Merck holds worldwide commercialization rights for pimicotinib.

About Merck

Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2025, Merck generated sales of € 21.1 billion in 65 countries.

Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.

All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.

 

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Dubai Culture Opens Registration for ISEA2026 Dubai

 Dubai Culture and Arts Authority (Dubai Culture) has opened registration for the 31st International Symposium on Electronic/Emerging Art (ISEA2026 Dubai), taking place from 6 to 15 November 2026 under the theme ‘ELYAH: Constellating Place, Data and Identity’. The symposium will be the largest edition to date, bringing together artists, researchers, and innovators from around the world to explore the intersection of art, science, and technology and exchange perspectives on the future of contemporary creative practice.


The event supports Dubai Culture’s efforts to advance the digital arts ecosystem, deliver on its Digital Arts Roadmap objectives, and empower local talent. It also reinforces Dubai’s position as a global cultural reference, a leader in innovation, a driver of the creative economy, and rooted in Emirati heritage.


The symposium combines an in-person Artistic Programme across Dubai with an Online Academic Programme accessible from anywhere in the world. The Online Academic Programme will feature Special Track panels and workshops from 6–9 November, followed by the main academic conference sessions from 10–14 November 2026.


Registration for the artistic programme across Dubai is free, while access to the online academic programme requires a paid ticket. All participants must register and will receive a personal QR code for their exclusive use at artistic programme venues. Access details for the Online Academic Programme will be sent to the email address used to book. Students receive a 50% discount when booking with a valid university email address. To register, visit isea2026.eventshub.ai.


The programme will feature over 100 artworks and 145 academic papers, more than 50 artist talks and panel discussions, and over 10 workshops, 45+ Special Track workshops, panels and presentations, seven Eco Lab workshops and more than 20 institutional presentations within the Online Academic Programme. Exhibitions, live and audio-visual performances, installations, interactive and immersive experiences, and open sessions will take place across Dubai, inviting audiences to engage with works that explore the relationship between people, place and technology.


ISEA is one of the world’s leading platforms exploring the relationship between art, science and technology. Its 31st edition will examine four core themes: Charting Constellations, Celestial Dialogues, Eco-Tech Futures and Starlinked Worlds.



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Monday, October 26, 2026

Dubai Chambers launches world's first Agentic AI marketplace by a chamber of commerce


 Dubai, United Arab Emirates - 

Dubai Chambers has launched Chamber AI Hub, the world's first Agentic AI marketplace developed by a chamber of commerce, enabling businesses in Dubai to access ready-to-use AI agents that independently perform a range of administrative and operational tasks.


The marketplace currently offers 22 specialised AI agents across seven business functions including Compliance, Procurement, Operations, Finance, Sales, Human Resources, and Logistics. The offering is set to expand to 100 agents.


The initiative supports Dubai's efforts to accelerate the adoption of Agentic AI across the private sector, helping businesses enhance efficiency, strengthen competitiveness, and transform their operating models.


H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented: “Success in the transition to Agentic AI is measured not by technology adoption alone, but by how effectively companies use these tools to address business challenges and deliver tangible results. This is why we are connecting knowledge with practical application, building capabilities, and expanding access to specialised solutions and high-quality tools that help companies adapt to change and evolve the way they work.”


The marketplace offers practical solutions for tasks including supplier evaluation, contract reviews, invoice matching, business proposal generation, recruitment screening, and customer lead scoring.


Companies can test agents in a sandbox environment before deployment, with complimentary introductory credits and subscription packages based on usage. The platform also provides readiness assessments and dashboards to monitor usage, costs, and performance. A dedicated administration portal enables companies to oversee their teams' use of AI agents.


The launch forms part of a wider two-year programme aimed at enabling more than 295,000 private sector companies to adopt Agentic AI technologies. This includes specialised training for 14,000 companies to support the integration of Agentic AI technologies into their operational processes.


To find out more, please visit: https://aihub.dubaichambers.com


About Dubai Chambers


Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global business hub by empowering businesses, providing innovative value-added services, and unlocking access to influential networks.



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Mohamad Mouzehem


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ACMC Partners with AI Resource Intelligence Company Scepter to Evaluate Critical Minerals Projects

 (BUSINESS WIRE)--Africa Critical Minerals Corporation (ACMC) and Scepter, Inc. signed an MOU to use Scepter’s AI to evaluate African critical minerals projects for ACMC’s development platform.


ACMC is building a portfolio of critical minerals projects with local African partners. It originates opportunities, secures rights, invests, and assembles the technical, development, and capital partners to advance each project. Development partners build and operate the mines. Local content, skilled jobs, and knowledge transfer are built into every project.


ScepterAir™, Scepter’s sensor-fusion and AI anomaly detection platform, has been used in methane monitoring with ExxonMobil. The companies will integrate satellite, geological, and geospatial data to identify mineral opportunities, with field validation guiding exploration and investment.


Elias Pungong, ACMC’s Chairman, commented: “Our objective is to build a portfolio of critical minerals projects in Africa that create lasting value where we work. Partners like Scepter are key to our vision: working with cutting-edge technology companies to identify and develop the strongest opportunities in Africa.”


“We want to shorten the path from mineral identification through development and commercialization,” said Philip Father, Scepter’s Founder and CEO. “We see an extraordinary opportunity to collaborate with ACMC and its local partners to unlock the value of Africa’s mineral resources and build globally competitive critical minerals industries.”


Kweku Awotwi, mining veteran and Senior Advisor to Scepter, added, “I’m excited about the transformative potential of Scepter’s technology. AI-driven resource intelligence can fundamentally change how African nations develop their mineral resources, helping them move up the value chain.”


ACMC aims to bring American technology, capital, and expertise to African mining, including through U.S. public-private partnerships supporting technical, feasibility, and infrastructure work to attract private capital.


“U.S. national security demands earlier investment in Africa’s critical minerals,” said Carrie Clark, ACMC’s Co-founder and COO. “Scepter’s technology shows how American innovation can de-risk early-stage opportunities and open the door to American capital. We support win-win development that builds long-term prosperity in the markets we operate in.”


About Africa Critical Minerals Corporation


ACMC is a U.S.-based critical minerals development platform working with local African partners. Its founding team combines decades of African mining, energy, and project finance experience with U.S. mineral ownership and upstream development. www.africacriticalmineralscorp.com


About Scepter


Scepter, Inc. develops AI-powered resource intelligence that fuses satellite, airborne, and geological data to identify, characterize, and prioritize opportunities. www.scepterair.com


 


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TVS Motor Company Returns to EICMA With New Models for Europe

 


SINGAPORE & MILAN - 

A year after its Milan debut, TVS Motor returns with a rapidly expanding European footprint and Italian sales up 110%

Peyman Kargar to lead TVS Motor’s next phase of global growth as the company expands European footprint

 


(BUSINESS WIRE)--TVS Motor Company (TVSM), a global leader in two- and three-wheeler manufacturing, returns to EICMA in Milan this November, one year after its debut at the world’s largest two-wheeler exhibition. The company will present new models for Europe at a press conference on Tuesday, 3 November at 10:00 CET. The TVS stand is in Hall 18, Stand I64.


EICMA 2025 marked the beginning of TVS Motor's European growth journey. Since then, the company has focused on establishing the foundations for long-term success, building its dealer network, aftersales capabilities and customer support infrastructure across key markets.


In Italy, its first European market, TVS now works with around 100 dealers. Retail sales in Italy are up 110% this year to September, significantly outpacing overall market growth of around 10% and reflecting strong customer acceptance of the brand.


Expanding further within Europe, the company is establishing its own national sales companies, with operations in Italy being quickly followed by France and Germany, where TVS dealerships will open soon. Elsewhere in Europe, TVS already has 18 dealers in Spain, 2 in Portugal, 4 in Hungary and 1 in Malta. Greece and Serbia will follow by the end of 2026, and Romania by March 2027.


“Last year in Milan we said we were serious about Europe. A year later, we can demonstrate what that commitment looks like,” said Peyman Kargar, President International Business, TVS Motor Company, who has been appointed Director and Chief Executive Officer effective 27 January 2027. “We have built a strong foundation in Italy, established our own presence in key markets, and strengthened our proximity to dealers and customers. This year we return to EICMA to showcase how our product portfolio, guided by TVS Motor's enduring values of innovation, quality and customer centricity, is resonating with riders across Europe.”


TVS Motor Company serves 68 million customers in more than 90 countries. Its European operation is supported by innovation and design capability in India, Bologna and the United Kingdom.


About TVS Motor Company


TVS Motor Company (BSE:532343 and NSE: TVSMOTOR), part of TVS VENU, is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. TVS Motor Company endeavours to deliver the most superior customer experience across 90 countries in which we operate.


Website:

www.tvsmotor.com


Facebook:

https://www.facebook.com/tvsmotorcompany/


Instagram:

https://www.instagram.com/tvsmotorcompany


LinkedIn:

https://in.linkedin.com/company/tvs-motor-company


 


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Sunday, October 25, 2026

BeOne Presents Compelling Data in Hard-to-Treat Liver and Lung Cancers at ESMO 2026

 SAN CARLOS, Calif. - Saturday, 24. October 2026 AETOSWire Print 


Potential first-in-class GPC3 x 4-1BB bispecific achieves a 36% confirmed response rate at Phase 3 dose and favorable safety profile in heavily pretreated liver cancer


Brain-penetrant PRMT5 inhibitor shows promising antitumor and CNS activity in the largest publicly shared MTAP-deficient dataset


First clinical data of CEA-targeting ADC demonstrates encouraging and sustained responses in CEAhigh NSCLC


(BUSINESS WIRE) -- BeOne Medicines Ltd. (Nasdaq: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced new data from multiple differentiated investigational medicines across its priority solid tumor disease areas at the European Society for Medical Oncology (ESMO) Congress 2026 (October 23–27, Madrid). The presentations span gastrointestinal, lung, and breast cancers, and reflect the growing momentum of BeOne’s solid tumor franchise.


Mark Lanasa, M.D., Ph.D., Chief Medical Officer, Solid Tumors at BeOne, said:


“At ESMO, we are showing how our strategy of matching the right modality to disease biology is translating into meaningful clinical progress. Our GPC3 x 4-1BB bispecific antibody continues to be well tolerated and demonstrates durable activity with longer follow up in patients with heavily pre-treated hepatocellular carcinoma, while the first clinical data from our brain-penetrant PRMT5 inhibitor and CEA-targeting ADC expand our innovation in non-small cell lung cancer. Alongside the global Phase 3 KANDELA-302 study of our CDK4 inhibitor in breast cancer, these advances mark a clear step forward as BeOne’s solid tumor pipeline moves from promising science toward medicines with the potential to improve outcomes in difficult-to-treat cancers.”


Potential first-in-class GPC3×4-1BB bispecific continues to demonstrate compelling and durable activity in heavily pretreated HCC (Proffered Paper: 1679O; October 24, 10:15–11:45 CET)


Patients with advanced HCC who progress after immunotherapy face a high unmet need, with no established standard of care and five-year survival of only approximately 20%1,2. BGB-B2033 is an investigational bispecific antibody designed to address this gap by activating 4-1BB on T cells in the presence of GPC3-expressing tumor cells, concentrating immune activation at the tumor site, and limiting systemic toxicity, a key consideration for HCC patients who frequently suffer from underlying liver disease.


Updated Phase 1 results include the first disclosure of dose-optimization data and longer follow-up from dose escalation. Among 94 patients, 93.6% had received prior PD-(L)1 therapy and 61.7% had received both PD-(L)1 therapy and a tyrosine kinase inhibitor (TKI). Highlights include:


At the recommended Phase 3 dose of 450 mg every three weeks, the confirmed objective response rate (ORR) was 36.0%, a result that exceeds efficacy observed with TKIs, which have shown an ORR of approximately 5% in late-line HCC.3


At the selected Phase 3 dose, the estimated six-month confirmed duration-of-response rate was 74.1%, with responses observed across all clinically relevant patient subgroups.


Across dose levels, Grade 3 or higher treatment-related adverse events occurred in 5.3% of patients, and treatment-related adverse events led to discontinuation in only 2.1%.


BGB-B2033 received Fast Track Designation from the U.S. Food and Drug Administration (FDA) in December 2025, as well as Orphan Drug Designation from the FDA in March 2026 and the European Commission in October 2026 for hepatocellular carcinoma (HCC). BeOne plans to initiate global registrational clinical trials in late-line HCC by the end of 2026, while also developing plans for registrational studies in earlier treatment settings.


Initial first-in-human data from two differentiated assets advance BeOne’s emerging NSCLC portfolio


At ESMO 2026, BeOne is presenting initial clinical data in NSCLC from two biomarker-led programs with distinct mechanisms: the oral, brain-penetrant PRMT5 inhibitor, BGB-58067, and the CEA-targeting antibody-drug conjugate (ADC), BG-C477. Based on these promising data, both programs are intended to advance toward late-stage development in 2027, continuing to build BeOne’s footprint in lung cancer alongside its established program with TEVIMBRA (tislelizumab).


Brain-penetrant PRMT5 inhibitor, BGB-58067, demonstrates systemic and intracranial activity in MTAP-deficient NSCLC (Poster: 1043P; October 23, 3:15–4:00 PM CET)


BGB-58067 is a highly potent, brain-penetrant methylthioadenosine (MTA)-cooperative PRMT5 inhibitor designed to exploit the vulnerability created by MTAP deficiency. In this, the largest publicly shared data set in MTAP-deficient solid tumors, initial Phase 1 findings from 182 patients, including 83 with NSCLC, showed:


Among 75 efficacy-evaluable patients with MTAP-deficient NSCLC, confirmed ORR was 25.3% and disease control rate (DCR) was 76.0%. In the EGFR wild-type subgroup, confirmed ORR was 38.5% and DCR was 82.1%.


Median progression-free survival was 7.7 months in the overall NSCLC cohort and 8.1 months in the EGFR wild-type subgroup.


In the NSCLC cohort, an intracranial objective response rate of 30.8% was observed in patients with untreated, asymptomatic brain metastases as well as a low rate of central nervous system (CNS) progression in 2L+ NSCLC.


At daily doses of 200–400 mg (n=87), Grade 3 or higher treatment-related adverse events occurred in 27.6%, and treatment-related adverse events led to discontinuation in 5.7%. The most common treatment-related events were nausea, anemia and fatigue.


CEA-targeting ADC BG-C477 achieves encouraging response rate in previously-treated CEAhigh NSCLC (Poster: 2567P; October 26, 12:00–12:45 PM CET)


BG-C477 is the first ADC to emerge from BeOne’s internal drug discovery organization. With a proprietary CEA (or CEACAM5) targeting antibody, a highly stable conjugator, and a cleavable linker, BG-C477 is designed to deliver a potent topoisomerase I inhibitor payload directly to CEA-expressing tumor cells.


As of April 9, 2026, preliminary Phase 1 monotherapy findings from 43 heavily pretreated patients with NSCLC, including 25 with high CEA expression, showed:


Confirmed ORR was 56.0% in patients with CEAhigh NSCLC, with a disease control rate of 88.0%; confirmed ORR in the overall NSCLC population was 34.9%.


Among patients with CEAhigh NSCLC, median duration of response had not been reached. The majority of responders, as well as two patients with unconfirmed responses, remained on treatment at data cutoff.


Grade 3 or higher treatment-emergent adverse events (TEAEs) were predominantly hematologic events (anemia 14.0%, neutropenia 14.0%, thrombocytopenia 2.3%).


Updated results, with a more recent data cut-off, will be presented in the Locally Advanced NSCLC poster session on Monday, October 26 at 12:00 CET. BG-C477 received Fast Track Designation from the U.S. Food and Drug Administration (FDA) in October 2026.


Pivotal-study update: Phase 3 KANDELA-302 trial of CDK4 inhibitor BGB-43395 now enrolling in first-line HR+/HER2-negative breast cancer (1885TiP; October 24, 12:00–12:45 PM CEST)


Building on previously reported Phase 1 activity and tolerability findings, BeOne is advancing BGB-43395, an investigational selective CDK4 inhibitor, in the global Phase 3 KANDELA-302 study (NCT07492641). The study compares BGB-43395 plus letrozole with investigator’s choice of abemaciclib, palbociclib or ribociclib plus letrozole in first-line HR+/HER2-negative advanced or metastatic breast cancer.


Enrollment began in May 2026, with patients planned across North and South America, Europe, Asia and Australia. The primary endpoint is progression-free survival by blinded independent central review, with overall survival as the key secondary endpoint.


About BGB-B2033

BGB-B2033 is a bispecific antibody targeting GPC3 (glypican 3), a tumor-specific antigen highly expressed in HCC4, and 4-1BB, a co-stimulatory receptor associated with T-cell activation and tumor reactivity in HCC.5 The molecule has been designed with reduced antibody-dependent cellular cytotoxicity (ADCC) to prevent systemic toxicity.


About BGB-58067

BGB-58067 is an investigational, oral small molecule designed to inhibit protein arginine methyltransferase 5 (PRMT5) in an MTA-dependent manner, enabling selective targeting of MTAP-deleted cancer cells. Preclinical data demonstrate enhanced selectivity compared with MTAP wild-type cells, as well as strong potency and brain penetration.


About BG-C477

BG-C477 is an investigational ADC designed to target CEA, also known as CEACAM5, a protein highly expressed in several epithelial cancers, including certain lung and gastrointestinal cancers. The molecule is designed to work as a targeted delivery system, using an antibody that specifically recognizes CEA to deliver a potent anti-cancer payload to CEA-expressing tumor cells. BG-C477 incorporates a highly stable conjugator and cleavable linker, aiming for a strong bystander effect and manageable toxicity.


About BGB-43395

BGB-43395 is an investigational cyclin-dependent kinase (CDK) 4 inhibitor being studied in a global clinical development program that includes the KANDELA-302 (NCT07492641) Phase 3 clinical trial, in hormone receptor-positive (HR+)/human epidermal growth factor receptor 2-negative (HER2-) breast cancer. BGB-43395 is a highly potent and selective CDK4 inhibitor that may reduce dose-limiting hematologic toxicities associated with the current CDK4/6 standard of care and improve tolerability, thereby enabling deeper CDK4 inhibition.


About BeOne

BeOne Medicines is a global oncology company that is discovering and developing innovative treatments for cancer patients worldwide. With a portfolio spanning hematology and solid tumors, BeOne is expediting development of its diverse pipeline of novel therapeutics through its internal capabilities and collaborations. The Company has a growing global team spanning six continents who are driven by scientific excellence and exceptional speed to reach more patients than ever before. To learn more about BeOne, please visit www.beonemedicines.com and follow us on LinkedIn, X, Facebook and Instagram.


Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the potential of BGB-B2033, BGB-58067, BG-C477 and BGB-43395 to improve outcomes for patients; BeOne’s plans to initiate global registrational clinical trials of BGB-B2033 in late-line HCC by the end of 2026 and to develop registrational studies in earlier treatment settings; the expected advancement of BGB-58067 and BG-C477 toward late-stage development in 2027; the conduct and enrollment of the KANDELA-302 study; and BeOne’s plans, commitments, aspirations, and goals under the heading “About BeOne.” Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeOne's ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing, and progress of clinical trials and marketing approval; BeOne's ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeOne's ability to obtain and maintain protection of intellectual property for its medicines and technology; BeOne's reliance on third parties to conduct drug development, manufacturing, commercialization, and other services; BeOne’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products and its ability to obtain additional funding for operations and to complete the development of its drug candidates and achieve and maintain profitability; and those risks more fully discussed in the section entitled “Risk Factors” in BeOne’s most recent quarterly report on Form 10-Q, as well as discussions of potential risks, uncertainties, and other important factors in BeOne's subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeOne undertakes no duty to update such information unless required by law.


To access BeOne media resources, please visit our Newsroom site.


1 Samant H, Amiri HS, Zibari GB. Addressing the worldwide hepatocellular carcinoma: epidemiology, prevention and management. J Gastrointest Oncol. 2021 Jul;12(Suppl 2):S361-S373. doi: 10.21037/jgo.2020.02.08. PMID: 34422400; PMCID: PMC8343080.


2 National Cancer Institute. Surveillance, Epidemiology, and End Results (SEER) Program. Accessed April 2026.


3 J Clin Oncol 44, 2026 (suppl 16; abstr 4002). https://www.asco.org/abstracts-presentations/261439


4 Fanching Lin et al. Novel GPC3-targeting radiopharmaceutical therapy for hepatocellular carcinoma. J Clin Oncol 42, 525-525 (2024). DOI:10.1200/JCO.2024.42.3_suppl.525


5 Kim DY et al. 4-1BB Delineates Distinct Activation Status of Exhausted Tumor-Infiltrating CD8+ T Cells in Hepatocellular Carcinoma. Hepatology, Vol. 71, No. 3, 2020. https://onlinelibrary.wiley.com/doi/pdf/10.1002/hep.30881


 


 


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Investor Contact

Liza Heapes

+1 857-302-5663

ir@beonemed.com


Media Contact

Kyle Blankenship

+1 667-351-5176

media@beonemed.com

Mundipharma Announces Further Phase III ReSPECT Results Presented as a Late-Breaking Oral Presentation at IDWeek 2026

 For Trade and Medical Media Only


 


(BUSINESS WIRE)--Today Mundipharma announced additional results from the global Phase III ReSPECT clinical trial evaluating REZZAYO® (rezafungin acetate) for prophylaxis of invasive fungal diseases (IFDs) in adult patients undergoing allogeneic haematopoietic stem cell transplantation (allo-HSCT). The Phase III findings were presented today as a late-breaking oral presentation at IDWeek 2026.


The presentation provides additional detail following the top line ReSPECT results announced in April 2026, including further endpoint analyses, the components contributing to fungal-free survival (FFS), pre-specified sensitivity analyses and detailed safety outcomes. The additional analyses were consistent with the previously announced topline findings.


ReSPECT was a global, multicentre, randomised, double-blind Phase III study in which 402 patients were randomised to rezafungin and 200 to the standard antimicrobial regimen. As previously announced, the study met its primary endpoint, demonstrating non-inferiority of rezafungin to the standard antimicrobial regimen for FFS at Day 90 following allo-HSCT.


The primary endpoint result was supported by six pre-specified sensitivity analyses examining the handling of indeterminate outcomes, definitions of IFD, randomisation stratification factors and the use of non-study systemic antifungal therapy.


Phase III findings were presented as a late-breaking oral presentation at IDWeek 2026

FFS at Day 90 was 60.7% with rezafungin and 59.0% with the standard antimicrobial regimen, corresponding to an estimated treatment difference of 1.6% (95% CI -6.2 to 9.3; P=0.0002 for non-inferiority)

Proven or probable IFD contributing to FFS failure occurred in 3.5% of patients receiving rezafungin versus 4.5% receiving the standard antimicrobial regimen

Data from ReSPECT have been submitted to the US Food and Drug Administration (FDA) and European Medicines Agency (EMA) for regulatory review

Antifungal prophylaxis is an important component of care for patients undergoing allo-HSCT, who are at risk of life-threatening IFD. Despite established prophylactic approaches, clinical challenges can include drug toxicities, drug–drug interactions, therapeutic drug monitoring, antifungal resistance and difficulties with daily oral administration, (including adherence to antimicrobial regimens). There remains an unmet need for continued research and evidence generation to optimise prevention in this complex, immunocompromised and medically vulnerable population.2


Additional findings from ReSPECT


The composite FFS endpoint incorporated survival, absence of proven or probable IFD as assessed by an independent Data Review Committee, and no use of non-study systemic antifungal therapy for more than 10 cumulative days.


Proven or probable IFD contributing to FFS failure occurred in 3.5% of patients receiving rezafungin and 4.5% receiving the standard antimicrobial regimen. Death contributing to FFS failure occurred in 4.5% and 5.5%, respectively, while use of non-study systemic antifungal therapy for more than 10 cumulative days was numerically lower in the rezafungin group, occurring in 27.4% and 32.5%, respectively.


The study also reported IFD caused by individual fungal species. Candida infections occurred in 1.2% versus 1.0%, Aspergillus infections in 2.0% versus 3.0%, and Pneumocystis jirovecii infections in 0.2% versus 0% in the rezafungin and standard antimicrobial regimen groups, respectively.


Treatment-emergent adverse events were reported in 99.7% of patients receiving rezafungin and 100% receiving the standard antimicrobial regimen. Serious adverse events occurred in 66.0% and 67.5% of patients, respectively. Treatment-emergent adverse events leading to study discontinuation occurred in 9.3% and 14.7%, while those leading to dose reduction, interruption or withdrawal of study treatment occurred in 31.0% and 47.7%, respectively. No new safety signals were identified in allo- HSCT recipients.


“Patients undergoing allogeneic haematopoietic stem cell transplantation remain vulnerable to invasive fungal disease, and prevention is an important part of their clinical management. ReSPECT provides new Phase III evidence in this complex setting and contributes to the continuing effort to address unmet needs in antifungal prophylaxis,” said Johan Maertens, MD, PhD, University Hospitals Leuven.


“Our continued investment in the rezafungin research programme reflects Mundipharma’s commitment to advancing antifungal science and generating robust clinical evidence in areas where important unmet needs remain,” said Yuri Martina, MD, PhD, Chief Development and Medical Officer, Mundipharma. “ReSPECT is an important part of that commitment, and we are pleased to see these Phase III findings shared with the scientific community as a late-breaking oral presentation at IDWeek. We are planning to communicate progress and emerging findings through international scientific meetings including ASH, ESCMID, EHA, TIMM and EBMT, as well as through peer-reviewed publications in specialized medical journals. The submission of these data to the FDA and EMA represents another important milestone in our ongoing research programme.”


Data from the ReSPECT programme have been submitted to the FDA and EMA for regulatory review. Rezafungin prophylaxis in adults undergoing allo-HSCT represents the investigational use evaluated in ReSPECT. This prophylaxis indication is not currently approved, and approved indications for rezafungin vary by jurisdiction.


In the United States, the FDA has granted Priority Review, with a PDUFA (Prescription Drug User Fee Act) target action date in Q1 2027.


About ReSPECT


ReSPECT is a Phase III, multicentre, randomised, double-blind study comparing once-weekly intravenous rezafungin with a daily standard antimicrobial regimen for prevention of invasive fungal disease following allo-HSCT through Week 13. Adults were randomised 2:1 to rezafungin or standard antimicrobial prophylaxis.


Rezafungin was administered as a 400 mg intravenous loading dose on Day 1 followed by 200 mg once weekly. The standard antimicrobial regimen consisted of a daily oral azole, fluconazole or posaconazole, together with trimethoprim/sulfamethoxazole following engraftment.


The primary endpoint was FFS survival at Day 90 following HSCT, a composite incorporating survival, absence of proven or probable IFD, and no use of non-study systemic antifungal therapy for more than 10 cumulative days.


Regulatory status


REZZAYO® (rezafungin) is the differentiated echinocandin with a unique PK/PD profile indicated for the treatment of invasive candidiasis in adults. REZZAYO has approved indications for the treatment of Candida infections in both the United States and European Union; 4 these differ from the investigational prophylaxis setting evaluated in ReSPECT.


In the United States, REZZAYO is an echinocandin antifungal indicated in adult and paediatric patients 12 years of age or older who have limited or no alternative options for the treatment of candidemia and invasive candidiasis. Approval of this indication is based on limited clinical safety and efficacy data for REZZAYO.3


In the European Union, REZZAYO is indicated for the treatment of invasive candidiasis in adults. The EU Summary of Product Characteristics states that consideration should be given to official guidance on the appropriate use of antifungal agents.4


The use of rezafungin for prophylaxis of invasive fungal disease in adults undergoing allogeneic haematopoietic stem cell transplantation, as evaluated in the Phase III ReSPECT study, is investigational and is not currently an approved indication in either the United States or European Union.


About Mundipharma


Mundipharma is a global healthcare company with a presence in Africa, Asia Pacific, Canada, Europe, Latin America and the Middle East. In line with its mission, United for Patients, Mundipharma is dedicated to bringing innovative treatments to patients in the areas of pain management, infectious disease, ophthalmology, oncology, respiratory and central nervous system. For more information visit: www.mundipharma.com.


References:


Maertens J. et al, Rezafungin (Once Weekly) versus Standard Antimicrobial Regimen for Antifungal Prophylaxis in Allogeneic Hematopoietic Stem Cell Transplantation: ReSPECT, a Multicentre, Randomized, Double-Blind, Phase III, Oral presentation at IDWeek 2026, 22 October 2026.

Quattrone M. et al, Managing Invasive Fungal Infections During Allogeneic Hematopoietic Transplantation: A 2025 Update. Mediterr J Hematol Infect Dis. 2025 Sep 1;17(1):e2025064. doi: 10.4084/MJHID.2025.064. PMID: 40937308; PMCID: PMC12422250.

HIGHLIGHTS OF PRESCRIBING INFORMATION REZZAYO https://www.accessdata.fda.gov/drugsatfda_docs/label/2026/217417s007lbl.pdf (last accessed October 2026)

Rezzayo: EPAR - Product information https://www.ema.europa.eu/en/documents/product-information/rezzayo-epar-product-information_en.pdf (last accessed October 2026)

Job Code: GBL-S-RZF-2600007


Date of preparation: October 2026


 


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Contacts

Mundipharma Media Contact

Liana Del Medico

VP Communications & Corporate Affairs Mundipharma

media.relations@mundipharma.com


 

Friday, October 23, 2026

Galderma’s Relfydess™ (relabotulinumtoxinA) Receives Approval in China for Frown Lines

 ZUG, Switzerland - Friday, 23. October 2026



The Chinese National Medical Products Administration (NMPA) has approved Relfydess™, the first and only ready-to-use liquid neuromodulator designed with PEARL™ Technology, for the temporary improvement of moderate-to-severe glabellar lines (frown lines) in adults1,2

The approval is based on phase III results from a local clinical trial conducted in China as well as global READY clinical trials, with local results reinforcing that Relfydess delivers significant improvements in frown lines, with a fast onset of action as early as day one, and sustained results for up to six months in some patients3-7

This approval underscores Galderma’s continued leadership in the Asia-Pacific region and further expands the global reach of Relfydess, which is already authorized in more than 35 markets worldwide

 


(BUSINESS WIRE)--Galderma (SIX: GALD) today announced that the Chinese NMPA has approved Relfydess for the temporary improvement of moderate-to-severe frown lines in adults, marking a significant expansion of the company’s Injectable Aesthetics portfolio in China – one of the world's largest and fastest-growing aesthetics markets.8,9 This approval follows successful authorizations and launches of Relfydess in more than 35 markets worldwide.


Relfydess is the first and only ready-to-use liquid neuromodulator developed with PEARL Technology, designed to deliver a highly active, innovative, complex-free molecule that addresses the real needs of patients and healthcare professionals.1,2,4,5 It is optimized for simple volumetric dosing, without reconstitution, to increase ease-of-use and help ensure consistent dose/volume every time.1,10


At a time when patients and healthcare professionals are increasingly seeking high-performance neuromodulators that rapidly deliver long-lasting, natural-looking outcomes, Relfydess’ introduction to China will help to meet the increasing needs of this large and diverse market by providing an innovative new treatment option.11 Insights from a Galderma survey on anti-wrinkle treatments indicate that the market is set to expand further, with 97% of surveyed patients in China indicating they plan to maintain or increase their use in the future.11 Additionally, the survey found that 88% of Chinese patients ranked natural-looking results as one of their top three treatment benefits, and 86% ranked long lasting results up to six months in their top three.11


 


 


“Relfydess represents a breakthrough in neuromodulation, the first in decades. As a clinician, I have seen patients increasingly seek treatments that fit seamlessly into their lifestyles, delivering both rapid onset and long-lasting results. With its ready-to-use liquid formulation requiring no reconstitution, Relfydess also offers a new level of convenience and innovation. I am delighted to bring this treatment to aesthetic patients in China and help usher in a new era in neuromodulation.”


 

 


 

PROF. WU YAN


 

CHIEF PHYSICIAN OF DERMATOLOGY DEPARTMENT


 

PEKING UNIVERSITY FIRST HOSPITAL, CHINA


 

 


 

The Chinese NMPA approval is based on data from a local phase III study conducted in China, as well as the global READY (RElabotulinumtoxin Aesthetic Development studY) clinical trials, with more than 2,300 participants.3-7 Across trials, Relfydess demonstrated:


Significant improvements in frown lines, with a composite ≥2-grade improvement responder rate* at Month 1 of 82.9% in READY-1 and 72.4% in the China study vs. 0% and 1.6% for placebo, respectively3,4

Rapid onset of action, with 39% of patients reporting improvements in frown lines from day one (READY-1)4

Sustained results lasting through six months in up to 75% of patients, not returning to baseline severity (READY-1)4

Favorable safety profile, with a low incidence of treatment-related adverse events that were predominantly local or expected effects, such as injection-site reactions, headache, and eyelid ptosis3-7

*A composite responder was defined as a subject with a glabellar line severity score of 0 or 1 and an improvement of at least 2 grades from baseline on both the glabellar line investigator live assessment and glabellar line subject live assessment.


Relfydess is developed and manufactured at Galderma's Aesthetic Center of Excellence in Uppsala, Sweden, a world-class facility that reflects the company's longstanding expertise in product development, manufacturing excellence, and commitment to quality.


 


 


“The approval of Relfydess in China marks a significant milestone for Galderma and reinforces our commitment to bringing differentiated, science-based innovations to patients and healthcare professionals worldwide. With approvals in more than 35 markets globally, Relfydess continues to build strong momentum, and we are excited to now bring it to patients in China, one of the world's biggest and most dynamic aesthetics markets.”


 

 


 

FLEMMING ƘRNSKOV, M.D., MPH


 

CHIEF EXECUTIVE OFFICER


 

GALDERMA


 

 


 

With Relfydess’ approval in China, Galderma expands its footprint and further strengthens its Injectable Aesthetics leadership within the fast-growing Asia-Pacific market.8,9 This milestone reinforces Galderma's long-term growth strategy and commitment to delivering scientifically proven innovation, representing another important step forward in Galderma's ambition to make Relfydess available to even more patients globally, following its authorizations in more than 35 markets, including the European Union, the United Kingdom, and Australia.


About Relfydess (relabotulinumtoxinA)


Pioneered by Galderma, Relfydess is the first and only ready-to-use liquid neuromodulator created with PEARL Technology that is designed to preserve molecule integrity.1,2 PEARL Technology is designed to deliver a highly active, innovative, complex-free molecule, creating a product that enables up to 39% of patients seeing effects from day one, and up to 75% of patients maintaining improvements for six months, based on four phase III studies from the READY clinical trial program.1,2,4-7 Relfydess is optimized for simple volumetric dosing, without reconstitution, to increase ease-of-use and help ensure consistent dose/volume every time.1,10


Relfydess was entirely created and manufactured by Galderma to expand its neuromodulator portfolio as part of the broadest Injectable Aesthetics portfolio on the market. Relfydess has received marketing authorization in numerous markets. Authorization conditions may vary internationally.


About Galderma


Galderma (SIX: GALD) is the pure-play dermatology category leader, present in approximately 90 countries. We deliver an innovative, science-based portfolio of premium flagship brands and services that span the full spectrum of the fast-growing dermatology market through Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology. Since our foundation in 1981, we have dedicated our focus and passion to the human body’s largest organ – the skin – meeting individual consumer and patient needs with superior outcomes in partnership with healthcare professionals. Because we understand that the skin we are in shapes our lives, we are advancing dermatology for every skin story. For more information: www.galderma.com.


References


Sundberg AL and Stahl U. Relabotulinum toxin - a novel, high purity BoNT-A1 in liquid formulation. Presented at: TOXINS 2021; Jan 16-17, 2021; virtual meeting.

Do M, et al. Purification process of a complex-free highly purified botulinum neurotoxin type A1 (BoNT-A1) - relabotulinumtoxinA. Presented at: TOXINS 2022; July 27-30, 2022; New Orleans, LA.

Galderma. Data on File. China RelabotulinumtoxinA study. 43QMCH1908.

Shridharani SM, et al. Efficacy and safety of RelabotulinumtoxinA, a new ready-to-use liquid formulation botulinum toxin: Results from the READY-1 double-blind, randomized, placebo-controlled phase 3 trial in glabellar lines. Aesthet Surg J. 2024;44(12):1330-1340. doi: 10.1093/asj/sjae131.

Ablon G, et al. Treatment of lateral canthal lines with RelabotulinumtoxinA, an investigational liquid botulinum toxin: clinical efficacy and safety results from the READY-2 phase 3 trial. Toxicon. 2024;237(1):107353. doi: 10.1026/j.toxicon.2024.107353.

Galderma. Data on file. Clinical Study Report for Protocol 43QM1902: READY-3. Galderma Laboratories; 2021.

Galderma. Data on file. Clinical Study Report for Protocol 43AM1903: READY-4. Galderma Laboratories; 2021.

Deloitte. China Aesthetic Medicine Outlook Report. Accessed October 2026. Available online.

Grand View Horizon. China Aesthetic Medicine Market Size & Outlook, 2026-2033. Accessed October 2026. Available online.

Persson C, et al. Patient and Investigator Treatment Experience with Ready-to-Use AbobotulinumtoxinA Solution Versus Powder BotulinumtoxinA for Treatment of Glabellar Lines. Presented at: TOXINS 2024; Jan 17-20, 2024, Berlin.

Galderma. Data on File. Anti-wrinkle Treatment Aesthetic Future Survey.

 


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Contacts

For further information:


Christian Marcoux, M.Sc.

Chief Communications Officer

christian.marcoux@galderma.com

+41 76 315 26 50


Richard Harbinson

Corporate Communications Director

richard.harbinson@galderma.com

+41 76 210 60 62


CƩline Buguet

Franchises and R&D Communications Director

celine.buguet@galderma.com

+41 76 249 90 87


Emil Ivanov

Head of Strategy, Investor Relations, and ESG

emil.ivanov@galderma.com

+41 21 642 78 12


Jessica Cohen

Investor Relations and Strategy Director

jessica.cohen@galderma.com

+41 21 642 76 43

Lifezone Metals Confirms Advanced Negotiations with Orion CMC on Kabanga Nickel Project

 


NEW YORK - 

(BUSINESS WIRE) -- Lifezone Metals Limited (NYSE: LZM) notes comments made today by Oskar Lewnowski, Founder and Group Chief Executive of Orion Resource Partners, in an interview with Bloomberg Television regarding the Company’s Kabanga Nickel Project in Tanzania.


In response to inbound inquiries from media outlets and investors following the interview, the Company can confirm that negotiations with Orion Critical Mineral Consortium (Orion CMC) regarding a significant equity investment into the Kabanga Nickel Project are at an advanced stage.


The Orion CMC is a global investment platform launched by Orion Resource Partners in partnership with the U.S. International Development Finance Corporation (DFC) and Abu Dhabi's sovereign investor ADQ.


As previously announced, the Company has been running a competitive process, led by Standard Chartered Bank, to secure a strategic investment into the Kabanga Nickel Project.


Social Media


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About Lifezone Metals


Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting.


Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade development-ready nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation.


Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals.


https://lifezonemetals.com


Forward-Looking Statements


Some of the statements contained herein are not historical facts and, accordingly, may be considered “forward-looking statements” within the meaning of the Securities Act and the Exchange Act, as amended, regarding, among other things, the plans, strategies and prospects, both business and financial, of Lifezone Metals. These statements are based on the beliefs and assumptions of management, as well as information currently available to, Lifezone Metals. Although Lifezone Metals Limited believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, Lifezone Metals cannot assure you that it will achieve or realize these plans, intentions or expectations.


Forward-looking statements are inherently subject to significant risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements may be preceded by, followed by or include words such as “believes,” “estimates,” “expects,” “predicts,” “projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,” “would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,” “potential,” “anticipates” or “intends” or similar expressions; provided that the absence of these does not mean that a statement is not forward-looking.


In addition, statements of belief and similar statements reflect the beliefs and opinions of our management on the relevant subject, and are based upon information available to such parties, as applicable, as of the date of this release, and while such party believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and statements should not be read to indicate that our management has conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements.


These statements are based on Lifezone Metals Limited's management's current expectations and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals Limited and its subsidiaries.


These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; fluctuations in commodity prices; delays in the development and processing of mineral resources at the Kabanga Nickel Project; the amendment of the Framework Agreement entered into on January 19, 2021 (the “Framework Agreement”), between Kabanga Nickel Limited, a wholly-owned subsidiary of Lifezone Metals Limited, and the Government of Tanzania, and the agreement and finalization of the joint financial model relating to the Kabanga Nickel Project which will define the equitable sharing of economic benefits with government authorities in Tanzania; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the outcome of any legal proceedings that may be instituted against Lifezone; risks related to the rollout of Lifezone’s business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition, maintenance, and protection of intellectual property; the ability of Lifezone to achieve projections and anticipate uncertainties relating to its business, operations, and financial performance, including expectations with respect to financial and business performance, future operating results, financial projections, and business metrics; expectations regarding product and technology development and pipeline, market size, and the competitive landscape; the ability to develop, design, and sell differentiated products and services; expectations regarding future acquisitions, partnerships, or other relationships with third parties; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project; the ability to finance the Kabanga Nickel Project; negotiations regarding the Framework Agreement and other commercial arrangements; obtaining additional capital, including use of the debt market, future capital requirements, and sources and uses of cash; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; and other risks that will be detailed from time to time in filings with the SEC.


New risk factors emerge from time to time and it is not possible to predict all such risk factors, nor can the parties assess the impact of all such risk factors on us, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. Lifezone undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.


 


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Contacts

Investor Relations

Ken Chernin

SVP Investor Relations & Capital Markets

ken.chernin@lifezonemetals.com


Ingo Hofmaier

Chief Financial Officer

ingo.hofmaier@lifezonemetals.com