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Italian insurance group Assicurazioni Generali SpA (ARZGY.PK) reported Thursday that its first-quarter net result reached 727 million euros, down 9.3 percent from last year's 802 million euros. The results were affected by impairments on Russian investments amounting to 136 million euros. Excluding...

Evotec SE (EVO) and Almirall S.A. announced a multi-target alliance in Medical Dermatology. The companies plan to discover and develop therapeutics for severe skin diseases, including immune-mediated inflammatory conditions such as atopic dermatitis and non-melanoma skin cancer such as basal cell carcinoma. Evotec...

Sika said it has acquired United Gilsonite Laboratories or UGL in the United States. In 2021, UGL generated sales of 65 million Swiss francs. With headquarters and production in Scranton, Pennsylvania, and two additional production sites in Illinois and Mississippi, UGL is a long-standing company...

Swiss private lender Julius Baer Group Ltd. (JBARF.PK, JBAXY.PK) reported Thursday lower gross margin and adjusted pre-tax margin in the first four months of fiscal 2022. For the full year, the company said it is firmly on track to achieve its financial targets. Gross margin in the first four months...

German software major SAP SE's (SAP) Chief Executive Officer Christian Klein said, at annual general meeting, that the company is well on its way to achieving its 2025 ambition. The company has proposed a dividend today of 2.45 euros per share. That's an increase of around 32 percent. And it includes...

Rio Tinto (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said it has agreed to amend funding plan with Turquoise Hill Resources (TRQ, TRQ.TO) in order to provide liquidity of up to $400 million in short-term early advances. The Special Committee of TRQ evaluates Rio Tinto's C$34 per share all-cash proposal to acquire...

Canopy Growth Corp. (WEED.TO, CGC) and Lemurian, Inc. or Jetty, have entered into agreements providing Canopy Growth, by way of a wholly-owned subsidiary, the right to acquire up to 100% of the outstanding capital stock of Jetty, a cannabis brand in California. The agreements are structured as two...

Dentsply Sirona (XRAY) has received written notification from Nasdaq that the company is no longer in compliance with the Nasdaq Listing Rules since the company has not yet filed its quarterly report on Form 10-Q for the period ended March 31, 2022. The company noted that this notice has no immediate...

Medical technologies firm Teleflex Inc. (TFX) announced Wednesday that it received Health Canada approval for the MANTA Vascular Closure Device, the first commercially available biomechanical vascular closure device designed specifically for large bore femoral arterial access site closure. This approval...

Alnylam Pharmaceuticals, Inc. (ALNY) announced Wednesday that Health Canada has issued a Notice of Compliance (NOC) authorizing OXLUMO (lumasiran) injection for subcutaneous use for the treatment of primary hyperoxaluria type 1 (PH1) to lower urinary oxalate levels in paediatric and adult patients. OXLUMO...

Plant-based superfood maker Laird Superfood, Inc. (LSF) announced Wednesday the appointment of Anya Hamill as interim Chief Financial Officer effective July 1, 2022. Hamill will succeed Valerie Ells, who announced her intention to resign, effective June 30, 2022, to pursue other opportunities. Hamill...

Surf Air Mobility Inc. announced Wednesday its plan to go public via a business combination with Tuscan Holdings Corp. II (THAC), a publicly listed special purpose acquisition company. The proposed transaction reflects an implied pro forma equity value of $1.42 billion, assuming full payment of earnout. The...

Cresco Labs Inc. posted first quarter adjusted EBITDA of $51 million, an increase of 45% year-over-year. Net loss narrowed to $23.68 million from a loss of $24.12 million, prior year. First quarter revenue was $214 million, up 20%. Retail revenue increased 44% year-over-year, to $119 million, and...

Investment firm KKR & Co. Inc. (KKR) Wednesday said it has made a significant majority investment in Alchemer, a provider of Customer Experience or CX and voice-of-the-customer or VoC technology. The financial terms were not disclosed. The investment is expected to support the continued acceleration...

While reporting financial results for the second quarter on Wednesday, semiconductor company Analog Devices Inc. (ADI) provided earnings and revenue guidance for the third quarter, above analysts' expectations. For the third quarter, the company projects earnings in a range of $1.45 to $1.65 per share...

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