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Ono Enters into a Research Collaboration Agreement with InveniAI to Identify Novel Therapeutic Targets

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OSAKA, Japan, Feb. 20, 2024 /PRNewswire/ — Ono Pharmaceutical Co., Ltd. (Osaka, Japan; President and CEO: Gyo Sagara; “Ono”) today announced that it has entered into a research collaboration agreement with InveniAI® LLC (Guilford, Connecticut, USA; President and CEO: Krishnan Nandabalan; “InveniAI”), to identify novel therapeutic targets by leveraging cutting-edge InveniAI’s artificial intelligence (AI) and machine learning (ML).

Under the terms of the agreement, InveniAI will identify novel therapeutic targets in multiple diseases specified by Ono by leveraging InveniAI’s AlphaMeld® and ChatAlphaMeldTM, its AI drug discovery platforms including cutting-edge technologies, such as powerful AI and ML algorithms and Generative AI tools, and propose drug discovery hypotheses for optimization. Ono will conduct validation studies to confirm the hypotheses for multiple therapeutic target candidates identified based on InveniAI’s drug discovery hypotheses. Ono will retain exclusive rights to develop and commercialize drug candidates generated through this collaboration worldwide.

“We appreciate InveniAI’s proprietary AI and ML technologies to identify drug discovery mechanisms utilizing comprehensively enormous amounts of data for the creation of innovative drugs,” said Toichi Takino, Senior Executive Officer / Executive Director, Discovery & Research at Ono. “Through this collaboration, the efficiency of drug discovery research will be greatly improved, and we hope to provide innovative therapeutic options to patients worldwide.”

“InveniAI is thrilled to partner with Ono, a company renowned for its commitment to innovation in drug discovery and development. Our collaboration signifies the merging of our collective expertise and cutting-edge technologies aimed at expediting the identification of de-risked product opportunities,” said Krishnan Nandabalan, Ph.D., President and CEO at InveniAI, LLC. “Our unwavering commitment to enhancing patient outcomes drives us to consistently integrate technological innovation into our processes. A testament to this is our recent incorporation of large language modules, and generative AI culminating in the creation of ChatAlphaMeldä—a game-changing tool designed for the seamless utilization of advanced technology tools across the organization.”

About InveniAI® LLC:

Headquartered in Guilford, Conn., InveniAI® LLC stands as a global frontrunner in the application of AI and ML tools, catalyzing innovation throughout drug discovery and development. With a mission to identify and expedite transformative therapies for diseases with unmet medical needs, InveniAI utilizes its cutting-edge AlphaMeld® platform to extract valuable insights from petabytes of diverse data sets, propelling the creation of groundbreaking drug programs. The company’s pioneering approach is underscored by successful collaborations with industry leaders and drug spinouts, solidifying its position as a trailblazer in the realm of AI-driven drug discovery.

For additional information, please visit https://www.inveniai.com/ | LinkedIn: @inveniai | Twitter: https://twitter.com/Inveni_AI

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SOURCE Ono Pharmaceutical co., ltd.

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Margex Adds RLUSD Stablecoin as Collateral for Trading Crypto Pairs

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Margex announces the listing of RLUSD stablecoin on its platform for all users

VICTORIA, Seychelles, Jan. 1, 2025 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce the listing of RLUSD stablecoin on its platform for all users.

Margex exchange is thrilled to be the first crypto platform to include RLUSD stablecoin as collateral for trading different cryptocurrency pairs. This enables its users to have access to reliable, flexible, and secure trading facilities.

Ripple USD (RLUSD) is a stablecoin designed to provide cross-border payment that is efficient and cost-efficient compared to traditional financial systems when carrying out large transactions. Ripple’s new stablecoin (RLUSD) is developed on the XRP ledger and Ethereum network, offering security, deep liquidity for users, and fast transactions as a competitive player in the stablecoin industry.

The Ripple stablecoin (RLUSD) is pegged 1:1 to the U.S. dollar (USD) to gain stability through a collateralization mechanism using dollar deposits, government bonds, and other cash equivalents to ensure reliable and secure digital currency.

Margex Integrates TradingView to Simplify Market Analysis for Users

Margex exchange also integrates the TradingView charting tool on its platform to elevate users’ trading experience. This tool enables users to access over 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform.

About Margex

Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies.

With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry.

Follow Margex on Facebook, Twitter, Telegram, Discord, and YouTube, or join the Margex team.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/margex-adds-rlusd-stablecoin-as-collateral-for-trading-crypto-pairs-302340708.html

SOURCE Margex

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Rockford Fosgate celebrates its 45th Anniversary and continues to set the standard of excellence in the audio industry

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TEMPE, Ariz., Jan. 1, 2025 /PRNewswire/ — Rockford Fosgate (www.rockfordfosgate.com), a global leader in high-performance audio systems, proudly celebrates its 45th anniversary, marking nearly five decades of groundbreaking innovation, customer dedication, and industry leadership. Since its founding in 1980, the company has been at the forefront of audio advancements across mobile, marine, motorcycle, and motorsports platforms.

“We’re excited to celebrate 45 years of serving our customers and shaping the audio industry,” said Zach Luke, President. “This milestone reflects the passion and hard work of our employees, the loyalty of our customers, and the strong partnerships we’ve built over the years. We look forward to continuing this journey into the future.”

Jim Fosgate, the visionary behind Rockford Fosgate, is widely recognized as the pioneer of the car audio amplifier. In the early 1970s, Fosgate and his fellow audio enthusiasts began experimenting with sound reproduction and automotive acoustics, leading to the debut of the first Fosgate Electronics® product at the 1973 Consumer Electronics Show in Chicago. Soon after, he developed the Punch Equalization circuit and introduced the first car stereo systems to the market. In 1980, with the help of investment partners, Rockford Fosgate officially launched and began revolutionizing the in-car audio experience.

To commemorate this significant milestone, Rockford Fosgate will unveil a series of special collaborations throughout the year. “This anniversary isn’t just about reflecting on our accomplishments; it’s about celebrating the people who’ve been part of our journey,” said Tammy Lowe, Director of Marketing. “We’re thrilled to share our excitement for what lies ahead.”

For more information, please visit rockfordfosgate.com

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

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SOURCE Rockford Fosgate

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Oceanfoam Becomes Carbon Positive in 2025: A Huge Milestone for the Sustainable Foam Roller and Workout Mat Brand

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The pioneering brand making foam products with algae and recycled foam has cleaned over 1m+ gallons of water, removed 1.3k+ tons of carbon dioxide from the atmosphere and removed 7.9k+ pounds of plastic from the ocean.

NAPLES, Fla., Jan. 1, 2025 /PRNewswire/ — Oceanfoam, an active lifestyle brand committed to sustainability, announces it has achieved a carbon positive status going into 2025. A newcomer in the fitness and wellness industry, the sustainable company is poised to continue simultaneously revolutionizing the fitness industry and helping the planet, making a significant environmental impact and raising awareness. The company designs fitness products made with Bloom algae and recycled material. In addition to foam rollers, Oceanfoam has released workout and yoga mats, wave ball rollers and workout blocks.

By prioritizing sustainability in the development of each item, Oceanfoam has made a significant environmental impact. The brand has cleaned over 1,026,896 gallons of water, removed 1,319.91 tons of carbon dioxide from the atmosphere and removed 7,947 pounds of plastic from the ocean. The algae used is harvested from North America’s overabundant supply (due to the rise of global temperatures), thus helping to clean the water and reduce the amount of carbon released into the air.

“We’ve been working on this for a year since we launched and Oceanfoam is now officially carbon positive!,” said Founder Zachary Quinn. “We believe products can be more than objects. Foam rollers live in our living rooms, bedrooms, offices, gyms and workout studios; they need to look good and make you feel good. We set out to design a foam roller that you didn’t have to put in your closet, and now we’ve made it one that you can be proud of.”

Oceanfoam achieved its carbon positive status through the following:

Algae-Based Materials: Producing products with Bloom Materials reduces plastic consumption while capturing carbon and cleaning water through removing algae from the environment.Carbon Offsetting: Partnering with Climate Partner, the team offset the remaining carbon emissions from all of its production and shipping to ensure its operations go beyond carbon neutrality.Ocean Plastic Cleanup: Through collaborations with 4Ocean and Ecodrive, the brand actively contributes to cleaning up plastic waste from the world’s oceans, helping to protect marine ecosystems. With every order, one pound of ocean plastic is removed.

This certification and offset will also add a “Climate Pledge Friendly” badge to all of Oceanfoam’s products on Amazon, alerting consumers of products that have sustainability features recognized by trusted certifications. For more information, visit oceanfoam.com.

About Oceanfoam:
Oceanfoam creates high-quality, durable and beautiful active lifestyle products with algae and recycled materials to create a healthier, cleaner environment – where beauty and function meet sustainability.

View original content to download multimedia:https://www.prnewswire.com/news-releases/oceanfoam-becomes-carbon-positive-in-2025-a-huge-milestone-for-the-sustainable-foam-roller-and-workout-mat-brand-302340418.html

SOURCE Oceanfoam

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