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Boehringer Ingelheim and GoodRx announce exclusive patient affordability initiative for Adalimumab-adbm injection, Boehringer’s biosimilar to Humira®

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First biosimilar with an exclusive low cash price on the GoodRx platform

RIDGEFIELD, Conn. and SANTA MONICA, Calif., July 18, 2024 /PRNewswire/ — Boehringer Ingelheim and GoodRx (Nasdaq: GDRX), the leading prescription savings platform in the U.S., announced today a patient affordability initiative to provide citrate-free Adalimumab-adbm, Boehringer’s biosimilar to Humira® (adalimumab), at a low cash price available exclusively on GoodRx. This program is a significant step in addressing access and affordability in one of the largest therapeutic categories with a high cost burden for patients.

Adalimumab-adbm is an FDA-approved interchangeable* biosimilar to Humira®. The citrate-free, injectable medication is used to treat or reduce the signs and symptoms of certain autoimmune conditions, such as rheumatoid arthritis, Crohn’s disease, psoriatic arthritis, and ulcerative colitis. By working together to offer consumers a low cash price, the companies are broadening access and affordability for this critical drug. Now, anyone with a valid prescription, regardless of insurance status, can use GoodRx to purchase Adalimumab-adbm at over 70,000 retail pharmacies nationwide. This may help speed up the time to therapy for patients, which can be one of the big challenges faced with biologic drugs.

“Patients with certain chronic inflammatory diseases who do not have insurance or are underinsured may not be able to afford essential biologic medicines, including biosimilars, to treat their disease,” said Chris Marsh, Senior Vice President of Value and Access at Boehringer Ingelheim. “Partnering with GoodRx to offer our biosimilar Adalimumab-adbm at a low price to these patients helps us deliver on our commitment to lowering financial barriers and improving access to critical treatments.”

Beginning today, July 18, Boehringer and GoodRx are offering prices for both high-concentration and low-concentration citrate-free formulations of Adalimumab-adbm as a pre-filled syringe (10 mg/0.2 mL, 20 mg/0.4 mL, 40 mg/0.8 mL or 40 mg/0.4 mL) or autoinjector (40 mg/0.8 mL or 40 mg/0.4 mL) at an exclusive cost of $550 per two-pack, which represents a 92% discount from the Humira list price.

“For over a decade, GoodRx has been working to help reduce the costs of medications for patients, and we recognize the critical need for ensuring biosimilars are affordable to all,” said Dorothy Gemmell, Chief Commercial Officer at GoodRx. “We’re excited to leverage the reach and scale of the GoodRx platform to help address this access gap and make Adalimumab-adbm more accessible to patients.”

GoodRx works with nearly 150 brands across pharmaceutical manufacturers, medical device companies and OTC medicines to surface their savings and patient support programs directly with high-intent audiences via the GoodRx platform. In addition to retail and specialty medications, the company started offering a low cash price for a popular insulin last fall, and is now excited to expand into biosimilars to help consumers find more affordable ways to access the treatments they need.

More details on this offering are available at www.goodrx.com/adbm.

*The FDA has approved Adalimumab-adbm (50 mg/mL) as an interchangeable biosimilar. Adalimumab-adbm (100 mg/mL) has not yet been designated as interchangeable. For more information on interchangeability for Adalimumab-adbm, please refer to the Purple Book: https://purplebooksearch.fda.gov/.

Please see Important Safety Information below and the Adalimumab-adbm Prescribing Information, including BOXED WARNING and Medication Guide.

About Biosimilars
A biosimilar is a biologic medicine that is developed to be highly similar to an approved reference biologic, with no clinically meaningful differences in terms of safety, potency and purity.

A biosimilar with an interchangeable designation, which is designated by the FDA, may be auto-substituted for the reference product by a pharmacist. Individual state laws control how and whether providers and patients must be notified. An interchangeable biosimilar first must meet the high FDA standards of a biosimilar. Then, to achieve the interchangeable designation, the FDA requires additional data, which may include a study of multiple substitutions in patients, known as a switching study. The study must show that patients can be switched with no increased risk in terms of safety or diminished efficacy compared with remaining on the reference product in any given patient.

About Boehringer Ingelheim in Biologics and Biosimilars
Through novel biologics and our biosimilar, we strive to increase the availability of safe, effective, high-quality therapeutic options to patients worldwide.

Boehringer Ingelheim is one of the largest producers of biologic medicines in the world, producing biologic medicines to support our diverse pipeline, as well as other companies’ biopharmaceuticals on a contract basis. As a pioneer in biologics, to date, Boehringer Ingelheim’s Biopharmaceutical Contract Manufacturing business has supported our customers to bring dozens of biologics to the market in therapeutic areas that include oncology, immunology and cardiovascular indications. For more information about Boehringer Ingelheim’s Biopharma and manufacturing capabilities, please click here: https://www.boehringer-ingelheim.com/us/biopharma/biosimilars.

About GoodRx
GoodRx is the leading prescription savings platform in the U.S. Trusted by more than 25 million consumers and 750,000 healthcare professionals annually, GoodRx provides access to savings and affordability options for generic and brand-name medications at more than 70,000 pharmacies nationwide, as well as comprehensive healthcare research and information. Since 2011, GoodRx has helped consumers save nearly $75 billion on the cost of their prescriptions.  

GoodRx periodically posts information that may be important to investors on its investor relations website at https://investors.goodrx.com. We intend to use our website as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors and potential investors are encouraged to consult GoodRx’s website regularly for important information, in addition to following GoodRx’s press releases, filings with the Securities and Exchange Commission (the “SEC”) and public conference calls and webcasts. The information contained on, or that may be accessed through, GoodRx’s website is not incorporated by reference into, and is not a part of, this press release.

GoodRx Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding consumer savings and accessibility; the benefits of GoodRx’s offerings to consumers, GoodRx and GoodRx’s partners; and GoodRx’s plans, expectations and objectives. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause GoodRx’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks relating to GoodRx’s ability to achieve broad market education and change consumer purchasing habits, changes in medication pricing and pricing structures, GoodRx’s reliance on a limited number of industry participants, the competitive nature of GoodRx’s industry and the important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, and our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent GoodRx management’s estimates as of the date of this press release. While GoodRx may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.

What is Adalimumab-adbm?

This information also applies to CYLTEZO® (adalimumab-adbm) injection for subcutaneous use.

Adalimumab-adbm is a medicine called a tumor necrosis factor (TNF) blocker. Adalimumab-adbm is used:

To reduce the signs and symptoms of:moderate to severe rheumatoid arthritis (RA) in adults. Adalimumab-adbm can be used alone, with methotrexate, or with certain other medicines.moderate to severe polyarticular juvenile idiopathic arthritis (JIA) in children 2 years and older. Adalimumab-adbm can be used alone or with methotrexate.psoriatic arthritis (PsA) in adults. Adalimumab-adbm can be used alone or with certain other medicines.ankylosing spondylitis (AS) in adults.moderate to severe hidradenitis suppurativa (HS) in adults.To treat moderate to severe Crohn’s disease (CD) in adults and children 6 years of age and older.To treat moderate to severe ulcerative colitis (UC) in adults. It is not known if adalimumab products are effective in people who stopped responding to or could not tolerate TNF-blocker medicines.To treat moderate to severe chronic (lasting a long time) plaque psoriasis (Ps) in adults who have the condition in many areas of their body and who may benefit from taking injections or pills (systemic therapy) or phototherapy (treatment using ultraviolet light alone or with pills).To treat non-infectious intermediate, posterior, and panuveitis in adults.

Important Safety Information for Adalimumab-adbm injection, for subcutaneous use

This important information also applies to CYLTEZO® (adalimumab-adbm) injection for subcutaneous use.

What is the most important information I should know about Adalimumab-adbm?

You should discuss the potential benefits and risks of Adalimumab-adbm with your doctor. Adalimumab-adbm is a TNF-blocker medicine that can lower the ability of your immune system to fight infections. You should not start taking Adalimumab-adbm if you have any kind of infection unless your doctor says it is okay.

Serious infections have happened in people taking adalimumab products. These serious infections include tuberculosis (TB) and infections caused by viruses, fungi, or bacteria that have spread throughout the body. Some people have died from these infections. Your doctor should test you for TB before starting Adalimumab-adbm and check you closely for signs and symptoms of TB during treatment with Adalimumab-adbm, even if your TB test was negative. If your doctor feels you are at risk, you may be treated with medicine for TB.Cancer. For children and adults taking TNF blockers, including Adalimumab-adbm, the chances of getting lymphoma or other cancers may increase. There have been cases of unusual cancers in children, teenagers, and young adults using TNF blockers. Some people have developed a rare type of cancer called hepatosplenic T-cell lymphoma. This type of cancer often results in death. If using TNF blockers, including Adalimumab-adbm, your chances of getting two types of skin cancer (basal cell and squamous cell) may increase. These types are generally not life-threatening if treated; tell your doctor if you have a bump or open sore that doesn’t heal.

What should I tell my doctor BEFORE starting Adalimumab-adbm?

Tell your doctor about all of your health conditions, including if you:

Have an infection, are being treated for infection, or have symptoms of an infection.Get a lot of infections or have infections that keep coming back.Have diabetes.Have TB or have been in close contact with someone with TB, or were born in, lived in, or traveled where there is more risk for getting TB.Live or have lived in an area (such as the Ohio and Mississippi River valleys) where there is an increased risk for getting certain kinds of fungal infections, such as histoplasmosis, coccidioidomycosis, or blastomycosis. These infections may happen or become more severe if you use Adalimumab-adbm. Ask your doctor if you are unsure whether you have lived in an area where these infections are common.Have or have had hepatitis B.Are scheduled for major surgery.Have or have had cancer.Have numbness or tingling or a nervous system disease such as multiple sclerosis or Guillain-Barré syndrome.Have or had heart failure.Have recently received or are scheduled to receive a vaccine. Adalimumab-adbm patients may receive vaccines, except for live vaccines. Children should be brought up to date on all vaccines before starting Adalimumab-adbm.Are allergic to rubber or latex.Are allergic to any Adalimumab-adbm ingredients.Are pregnant, planning to become pregnant, breastfeeding, or planning to breastfeed.Have a baby and you were using Adalimumab-adbm during your pregnancy. Tell your baby’s doctor before your baby receives any vaccines.

Also tell your doctor about all the medicines you take. You should not take Adalimumab-adbm with ORENCIA® (abatacept), KINERET® (anakinra), REMICADE® (infliximab), ENBREL® (etanercept), CIMZIA® (certolizumab pegol), or SIMPONI® (golimumab). Tell your doctor if you have ever used RITUXAN® (rituximab), IMURAN® (azathioprine), or PURINETHOL® (mercaptopurine, 6-MP).

What should I watch for AFTER starting Adalimumab-adbm?

Adalimumab-adbm can cause serious side effects, including:

Serious infections. These include TB and infections caused by viruses, fungi, or bacteria. Symptoms related to TB include a cough, low-grade fever, weight loss, or loss of body fat and muscle.Hepatitis B infection in carriers of the virus. Symptoms include muscle aches, feeling very tired, dark urine, skin or eyes that look yellow, little or no appetite, vomiting, clay-colored bowel movements, fever, chills, stomach discomfort, and skin rash.Allergic reactions. Symptoms of a serious allergic reaction include hives; trouble breathing; and swelling of your face, eyes, lips, or mouth.Nervous system problems. Signs and symptoms include numbness or tingling, problems with your vision, weakness in your arms or legs, and dizziness.Blood problems (decreased blood cells that help fight infections or stop bleeding). Symptoms include a fever that does not go away, bruising or bleeding very easily, or looking very pale.Heart failure (new or worsening). Symptoms include shortness of breath, swelling of your ankles or feet, and sudden weight gain.Immune reactions, including a lupus-like syndrome. Symptoms include chest discomfort or pain that does not go away, shortness of breath, joint pain, or rash on your cheeks or arms that gets worse in the sun.Liver problems. Symptoms include feeling very tired, skin or eyes that look yellow, poor appetite or vomiting, and pain on the right side of your stomach (abdomen). These problems can lead to liver failure and death.Psoriasis (new or worsening). Symptoms include red scaly patches or raised bumps that are filled with pus.

Call your doctor or get medical care right away if you develop any of the above symptoms.

The most common side effects of Adalimumab-adbm include injection site reactions (pain, redness, rash, swelling, itching, or bruising), upper respiratory infections (sinus infections), headaches, and rash. These are not all the possible side effects with Adalimumab-adbm. Tell your doctor if you have any side effect that bothers you or that does not go away.

Remember to tell your doctor right away if you have an infection or symptoms of an infection, including:

Fever, sweats, or chillsMuscle achesCoughShortness of breathBlood in phlegmWarm, red, or painful skin or sores on your bodyDiarrhea or stomach painBurning when you urinateUrinating more often than normalFeeling very tiredWeight loss

These are not all the possible side effects of Adalimumab-adbm. For more information, speak with your doctor or pharmacist.

You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088.

CL-CTZ-100018 SEPT 2023

Please see the Adalimumab-adbm Prescribing Information, including BOXED WARNING and Medication Guide.

About Boehringer Ingelheim
Boehringer Ingelheim is a biopharmaceutical company active in both human and animal health. As one of the industry’s top investors in Research and Development, the company focuses on developing innovative therapies in areas of high unmet medical need. Independent since its foundation in 1885, Boehringer takes a long-term perspective, embedding sustainability along the entire value chain. More than 53,500 employees serve over 130 markets to build a healthier, more sustainable, and equitable tomorrow. Discover more at www.boehringer-ingelheim.com/us.

Boehringer Ingelheim Pharmaceuticals, Inc. either owns or uses the Cyltezo® trademark under license. The other trademarks referenced above are owned by third parties not affiliated with Boehringer Ingelheim Pharmaceuticals, Inc.

MPR-US-103177 06/24

Contacts:
Taylor Pepe
Senior Associate Director, Human Pharma Communications, Boehringer Ingelheim
taylor.pepe@boehringer-ingelheim.com

Lauren Casparis
VP, Communications, GoodRx
lcasparis@goodrx.com
415.847.1422

 

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SOURCE Boehringer Ingelheim Pharmaceuticals, Inc.

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Technology

Automotive Electromechanical Relay Market Projected to Surge to USD 18.03 Billion by 2031, Growing at a 5% CAGR from 2024 to 2031: Market Research Intellect

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The growth of the Automotive Electromechanical Relay Market is driven by several key factors. Increasing integration of advanced electronics in vehicles, such as infotainment systems, safety features, and power management systems, is significantly boosting demand for reliable and efficient electromechanical relays. The rise in vehicle electrification, including the adoption of electric and hybrid vehicles, further accelerates the need for high-performance relays to manage complex electrical circuits. Additionally, the growing emphasis on vehicle safety and automation, including advanced driver-assistance systems (ADAS) and autonomous driving technologies, is driving innovation and demand in this sector.

LEWES, Del., Sept. 25, 2024 /PRNewswire/ — The Automotive Electromechanical Relay Market Size was valued at USD 12.2 billion in 2023 and is projected to reach USD 18.03 billion by 2031. This growth reflects a compound annual growth rate (CAGR) of 5% from 2024 to 2031. The market expansion is driven by increasing automotive electronics integration, advancements in relay technology, and rising demand for efficient and reliable automotive systems.

Download PDF Brochure: https://www.marketresearchintellect.com/download-sample/?rid=911435

202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Panasonic Corporation, TE Connectivity, Omron Corporation, Hella GmbH & Co. KGaA, Delphi Technologies, Siemens AG, Littelfuse Inc., Bosch Automotive, Mitsubishi Electric Corporation, and Fujitsu Limited.

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Automotive Electromechanical Relay Market Overview

1. Market Size and Growth

The Automotive Electromechanical Relay Market was valued at USD 12.2 billion in 2023 and is projected to reach USD 18.03 billion by 2031, growing at a compound annual growth rate (CAGR) of 5% from 2024 to 2031. This growth is driven by increasing automotive electronics integration and rising demand for advanced vehicle systems. The market expansion reflects the broader trend of integrating sophisticated electronic components into vehicles to enhance performance, safety, and comfort. The continuous evolution in automotive technology and rising consumer preference for high-tech features contribute to the steady growth of the electromechanical relay sector.

2. Key Drivers

Several factors are driving the growth of the Automotive Electromechanical Relay Market. The integration of advanced electronics in vehicles, such as infotainment systems, advanced driver-assistance systems (ADAS), and electric powertrains, necessitates reliable and efficient relays. Additionally, the growing adoption of electric and hybrid vehicles is creating increased demand for specialized relays that can handle complex electrical circuits. Innovations in relay technology, focusing on improved durability, performance, and miniaturization, are also contributing to market expansion.

3. Technological Advancements

Technological advancements play a crucial role in shaping the Automotive Electromechanical Relay Market. Innovations include the development of high-performance relays with enhanced durability, miniaturization, and advanced features such as electromagnetic interference (EMI) shielding. Improvements in relay materials and manufacturing processes are driving the creation of more reliable and efficient products. The integration of smart relays, which offer diagnostic and monitoring capabilities, is also becoming increasingly important in modern automotive systems. These advancements are essential for meeting the growing demands of sophisticated vehicle electronics.

4. Market Segmentation

The Automotive Electromechanical Relay Market is segmented by relay type, application, and vehicle type. Key relay types include power relays, signal relays, and latching relays, each serving different functions in automotive systems. Applications range from controlling lighting and ignition systems to managing power windows and door locks. Vehicle types include passenger cars, commercial vehicles, and electric/hybrid vehicles. Each segment experiences varying growth rates influenced by technological advancements, regulatory requirements, and consumer preferences. Understanding these segments helps in targeting specific market needs and opportunities.

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5. Regional Analysis

Regional analysis reveals significant variations in the Automotive Electromechanical Relay Market. North America and Europe lead the market due to advanced automotive technology and high adoption rates of electronic features. The U.S. and Germany are key markets, driven by innovations in vehicle safety and electrification. In contrast, the Asia-Pacific region is experiencing rapid growth due to increasing vehicle production, rising disposable incomes, and expanding automotive industries in countries like China, Japan, and South Korea. Emerging markets in Latin America and the Middle East also show promising growth prospects.

6. Competitive Landscape

The Automotive Electromechanical Relay Market is competitive, with several key players dominating the industry. Leading companies include Panasonic Corporation, TE Connectivity, Omron Corporation, and Hella GmbH & Co. KGaA. These companies are focusing on innovation, strategic partnerships, and acquisitions to strengthen their market positions. They invest in research and development to introduce advanced relay technologies and meet the evolving needs of the automotive industry. Competitive strategies also involve expanding production capabilities and enhancing product offerings to cater to diverse customer requirements.

7. Challenges

The Automotive Electromechanical Relay Market faces several challenges. One significant issue is the increasing complexity of automotive electrical systems, which demands more sophisticated and reliable relays. Additionally, the market must address concerns related to electromagnetic interference (EMI) and thermal management, which can impact relay performance and durability. Regulatory requirements for automotive components, including environmental and safety standards, add another layer of complexity. Manufacturers must continuously innovate to overcome these challenges and meet the growing demands of the automotive industry while adhering to stringent regulations.

8. Future Outlook

The future outlook for the Automotive Electromechanical Relay Market is promising, driven by ongoing advancements in automotive technology and increasing demand for high-performance relays. The market is expected to continue growing as vehicle electrification, advanced safety systems, and automation technologies become more prevalent. Innovations in relay technology, such as smart relays with integrated diagnostics and enhanced materials, will play a crucial role in shaping the market’s future. The industry will need to adapt to evolving consumer preferences and regulatory requirements while capitalizing on emerging opportunities in the automotive sector.

Geographic Dominance:

Geographic dominance in the Automotive Electromechanical Relay Market is shaped by varying regional factors. North America and Europe are leading markets, benefiting from advanced automotive technologies, high adoption rates of electronic features, and stringent regulatory standards. The U.S. and Germany, in particular, drive significant market growth due to their focus on innovation and vehicle electrification. In contrast, the Asia-Pacific region is experiencing rapid expansion, driven by increased vehicle production, rising disposable incomes, and robust automotive industries in China, Japan, and South Korea. Emerging markets in Latin America and the Middle East are also showing strong growth potential, influenced by expanding automotive sectors and rising demand for advanced vehicle components. These regional dynamics highlight the diverse growth opportunities and market trends shaping the global automotive electromechanical relay landscape.

Automotive Electromechanical Relay Market Key Players Shaping the Future

Key players shaping the future of the Automotive Electromechanical Relay Market include Panasonic Corporation, TE Connectivity, Omron Corporation, Hella GmbH & Co. KGaA, Delphi Technologies, Siemens AG, Littelfuse Inc., Bosch Automotive, Mitsubishi Electric Corporation, and Fujitsu Limited.

Automotive Electromechanical Relay Market Segment Analysis

The Automotive Electromechanical Relay market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

By Type

Power Relays: These relays handle high-current applications and are crucial for controlling large electrical loads, such as engine systems, lighting, and power windows in vehicles. They ensure reliable operation and safety in managing high power circuits.Signal Relays: Used for switching low-current signals, these relays are essential for functions such as controlling audio signals, communication systems, and minor control tasks. They provide precise and reliable signal management within automotive electronics.Latching Relays: These relays maintain their state after activation without continuous power supply, making them ideal for applications that require consistent operation, such as locking mechanisms and memory functions in vehicle systems.

By Application

Lighting Systems: Relays in this category control the operation of various lighting systems in vehicles, including headlights, taillights, and interior lights. They ensure reliable switching and enhance the safety and functionality of automotive lighting.Powertrain Control: This application involves relays used in managing engine systems, transmission controls, and fuel systems. They play a critical role in the operation and efficiency of the vehicle’s powertrain.Comfort and Convenience Features: Relays in this category control features such as power windows, door locks, and seat adjustments. They enhance user comfort and convenience by providing reliable and efficient control over these systems.Safety and Security Systems: Relays used in safety and security applications include those in advanced driver-assistance systems (ADAS), airbags, and anti-theft systems. They are essential for the reliable operation of critical safety features.

By Geography

North America: This region is a major market for automotive electromechanical relays, driven by advanced automotive technology and high demand for electronic vehicle components in the U.S. and Canada.Europe: Europe is a key market due to the presence of leading automotive manufacturers and stringent regulations promoting advanced vehicle safety and environmental standards. Countries like Germany, France, and the UK are significant contributors.Asia-Pacific: The region shows rapid growth in automotive electromechanical relays, driven by increased vehicle production, rising disposable incomes, and expanding automotive industries in China, Japan, and South Korea.Latin America: Emerging markets in Latin America are expanding, supported by growing automotive sectors and rising consumer demand for advanced vehicle technologies, particularly in Brazil and Mexico.Middle East and Africa: The market in this region is growing due to increased automotive activities and investments in vehicle technology, with significant contributions from South Africa, Saudi Arabia, and the UAE.                     

Internet, Communication and Technology:

The Automotive Electromechanical Relay Market is increasingly shaped by advancements in internet, communication, and technology. The integration of IoT (Internet of Things) and connected vehicle technologies is driving the demand for more sophisticated and reliable relays to manage complex electrical systems in modern vehicles. With the rise of smart vehicles and the automotive industry’s shift toward automation, relays are playing a critical role in ensuring seamless communication between various electronic systems, including infotainment, advanced driver-assistance systems (ADAS), and vehicle-to-everything (V2X) communication networks. Additionally, advancements in communication protocols and data transfer technologies are enhancing the efficiency and real-time performance of these systems. As vehicles become more connected and autonomous, the demand for durable, high-performance relays will continue to grow, enabling precise control and monitoring of electronic circuits. These technological developments are essential for ensuring the reliable operation of advanced automotive systems and for meeting the evolving needs of the next-generation vehicle market.

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Data-Driven Health and Fitness Leader OxeFit Surpasses $70M Funding Milestone

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Biohacking Legend Dave Asprey and Solidcore Founder Anne Mahlum join investor team as company unveils new cutting-edge Artificial Intelligence

DALLAS, Sept. 25, 2024 /PRNewswire/ — OxeFit, leaders of AI-driven health and fitness experiences, today announced Dave Asprey and Anne Mahlum as investors in the company’s latest $17.5M round of funding, bringing the total to over $70M, to date. With continued interest from entrepreneur and professional athlete investors, the new funds will be used to further deliver on OxeFit’s commitment to bring state-of-the-art Artificial Intelligence (AI) to its health and fitness experiences.

Anne and Dave join a deep bench of notable investors who have turned to OxeFit to achieve their own personal health and fitness goals, including soccer legend Harry Kane, pro golfer Dustin Johnson and NFL quarterback Dak Prescott.

Anchored by products (XP1 and XS1) that enable an ecosystem of deep data, the OxeFit experience includes the most technologically-advanced platforms, innovative health and wellness programs, gamification, and a robust content library that allows anyone to live healthier.

“Technology has unleashed an incredible amount of data that we can use to better ourselves mentally and physically. OxeFit’s XP1 and XS1 cracked the code on delivering the tools you need to do exactly what your body needs to become healthier and more powerful, in very little time. It’s so much more than just a gym,” said entrepreneur, author and recognized “father of biohacking,” Dave Asprey. “That’s why I’m thrilled to have added OxeFit to over 30 locations of Upgrade Labs, and I’m even more thrilled to join the OxeFit team. Together, we will transform the way we workout and live healthier, longer lives with science!”

“I look at a lot of investments and OxeFit won this category for me with a product that is head and shoulders above the competition and a talented team who knows how to execute.” said Solidcore founder Anne Mahlum. “I am incredibly excited to be part of this company that is changing the future of fitness with personalized data to help people achieve their health and wellness goals.” 

The OxeFit Experience with AI
AI is playing a pivotal role in the future of fitness. OxeFit’s core technology (hardware and software) integrates AI, robotics, movement and performance tracking, advanced coaching and analytics, all driven by unparalleled data science to connect, collaborate, and ultimately transform the health of individuals.

Starting today and rolling out in the coming months, key AI features include:

Personalized Training Programs – The AI Virtual Trainer will create programs based not only on a user’s personal goals, but update them in real time based on how the user is training. Using AI models that are based on optimized results driven methodology, the training data is constantly monitored and evaluated by OxeFit’s software to deliver the user the perfect workout.Health Snapshots and Tracking – The suite of assessments and data tracking use AI models to provide analysis and insights into a user’s health and wellness status and progress. The tracking will be able to detect possible injuries before they happen or determine when post-injury rehabilitation is complete.Digital Training Assistant – The AI-based assistant is integrated into the product platforms and in the app, from helping users discover new OxeFit content to building an “exercise playlist” based on goals and interests. While training, the assistant will provide feedback on movements and form to maximize the results of each session. If a user has questions about their numbers, the assistant can be used to help them better understand what their data means.AI Gaming for OxePlay – Only OxeFit has highly dynamic interactive fitness gaming. When a game is initiated, bot players – powered by AI – will play alongside the human. This way, there will always be someone to compete with regardless of game preference and skill level. Bot intelligence includes human-like strategies and the ability to chat with users during play.

“OxeFit’s XP1 and XS1 are the only products to fully integrate a user’s data from cardio, strength, balance and gaming – allowing it to be analyzed holistically – a key differentiator in providing our users with an AI-driven training experience and the personalized insights that map to their goals and abilities,” said Rab Shanableh, CEO of OxeFit. “Dave and Anne have long pioneered a data-driven approach to healthier living, and we could not be more excited to bring their expertise to OxeFit as we continue to deliver on our mission.”

For more information, follow OxeFit on InstagramFacebook, and Twitter.

About OxeFit
OxeFit is a digital fitness and technology company that produces the XP1 and XS1, first-of-their-kind strength training systems, revolutionizing the world of connected fitness through advanced robotics and artificial intelligence. By harnessing data-driven workout programs, the XP1 and XS1’s computer-controlled weight loads allow for variable resistance training while state-of-the-art technologies capture data and monitor form to identify weaknesses and potential for injury. Included in the OxeFit ecosystem is a library of engaging content, which seeks to bring a new element of connectivity to the fitness community. OxeFit is headquartered in Plano, Texas. For more information, visit oxefit.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-driven-health-and-fitness-leader-oxefit-surpasses-70m-funding-milestone-302258687.html

SOURCE OxeFit

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Dave & Buster’s Launches Reimagined Store in McAllen on October 4

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Grab Your Crew, the First 100 People in Line at the Grand Opening to Receive Free Games for a Year

MCALLEN, Texas, Sept. 25, 2024 /PRNewswire/ — Today, Dave & Buster’s, the ultimate entertainment, restaurant, and sports watching destination for families and friends, announces the opening of its completely reimagined location in McAllen, TX at 2700 West Expressway 83, Suite 100 on Friday, October 4.

The newly updated location brings everything families and crew connectors alike love about Dave & Buster’s and reimagines it with innovative gaming activities and groundbreaking ways for crews to play including The Arena, interactive Social Bays and an immersive watch experience.

Get ready for entertainment like never before. Here’s what you can expect:

The Arena: Created exclusively for Dave & Busters, The Arena offers revolutionary gameplay technology identified by Dave & Busters. Guests will have a multitude of ways to connect and compete with friends in a captivating wall-to-wall, gaming environment. For a limited time only, the experience will be available at only $5 per person, per session. With its fully transparent exterior, The Arena allows up to eight players to participate and the versatile gaming unit features intuitive and invisible tracking technologies, along with immersive media, audio, and tactile solutions to deliver futuristic gaming experiences.Interactive Social Bays – Brace yourself for new experiences with high-tech interactive gaming in our High-Tech Darts & Social Shuffleboard Bays. Hang with friends in a private, reservable Social Bay in impressive private suites for two to six players. Darts and Shuffleboard have been re-invented with mind-blowing digital interactivity for the coolest, tech-savvy versions of darts and shuffleboard ever!Immersive Watch – The All-New Dave & Buster’s Watch Experience is a must for sports games and events. With a 40-foot screen, every seat is the best in the house. Immerse yourself in the action with top-notch surround sound, dozens of additional oversized HDTVs surrounding the bar.Evolved Menu – Dave & Buster’s craft kitchen has never been better! Grab your crew and get ready to feast on the revamped chef-crafted menu, packed with mouthwatering new and improved options for every taste!Sleek New Store Design Inside & Out – Step into a tech-forward entertainment destination with a bright, energetic atmosphere that provides the perfect, Eat, Drink, Play, and Watch destination!Midway & Prizes – Of course, Dave & Buster’s still has its iconic Midway! Over 120 games, VR experiences and epic prizes await! Social bays are available to be booked for elevated private group events.

“We’re excited to welcome our neighbors to the brand-new Dave & Buster’s, a premier entertainment destination with new state of the art games, innovative menu and fun for your whole crew,” says General Manager Pedro Guerra Jr. “Our giant 40-foot WOW Wall will be the go-to for sports watching all season long and the immersive gaming environment, and all-new High-Tech Darts & Social Shuffleboard Bays and more ensures something for everyone in your crew. Be sure to visit for the Grand Opening – we can’t wait to see you!”

The first 100 people in line at Dave & Buster’s grand opening on October 4 will receive free games for a year! Doors open at 11 a.m., don’t miss out on this opportunity to game all year! Terms & conditions apply.

Specials include the $5 Happy Hour, where guests can enjoy $5 drink specials including the new Tres Tequila Rita, 22 oz Domestic Drafts, wine, Backwoods Blueberry Lemonade, and D&B Long Island Iced Tea.

Dave & Buster’s McAllen hours of operation are Monday through Thursday from 11 a.m. – midnight, Friday from 11 a.m.1 a.m. Saturday from 10 a.m.1 a.m. and Sunday from 10 a.m. – midnight. For more information, please visit www.daveandbusters.com.

About Dave & Buster’s
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 223 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 164 Dave & Buster’s branded stores in 42 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play & Watch,” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 59 Main Event branded stores in 20 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. For more information, visit daveandbusters.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dave–busters-launches-reimagined-store-in-mcallen-on-october-4-302258045.html

SOURCE Dave & Buster’s

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