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Valinor Pharma Announces Acquisition by Grünenthal with a Total Deal Value of Approximately $250 Million

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Grünenthal acquires Valinor Pharma in an all-stock deal and becomes the owner of the global rights to Movantik® (naloxegol)

Valinor Pharma had owned Movantik since early 2023 and leveraged Apollo Care’s commercial platform to grow Movantik volume in the U.S. while reducing gross-to-net and operating costs

First quarter financial highlights include revenue growth of 150% and highest-ever EBITDA

CHICAGO, July 22, 2024 /PRNewswire/ — Valinor Pharma, LLC (“Valinor”) announced today it was purchased by Grünenthal for a total deal value of approximately $250 million in upfront cash consideration.

“Today’s announcement recognizes the significant value we have built for our patients and shareholders,” said Todd N. Smith, CEO of Valinor. “This acquisition comes at a great time as Valinor has implemented an innovative commercial platform of sales and patient access tools that will provide Grünenthal with a strong foundation for future growth.”

Over the last 12 months, in partnership with Apollo Care, Valinor has implemented a suite of integrated sales, analytics, patient access, and gross-to-net management solutions that have provided the basis for record prescription growth while reducing gross-to-net and operating costs.

“We are proud of the remarkable achievements of our team,” said Ben Bove, President of Valinor. “In short order, we have been able to transform the commercial and financial performance of Movantik by executing on an innovative commercial strategy that has reduced gross-to-net costs while simultaneously driving prescription growth and improved access for patients.”

Movantik’s performance was steadily declining prior to Valinor’s acquisition but has grown consistently since 2023. Driven by Movantik, Valinor’s net revenues in the first quarter of 2024 were 150% higher than the first quarter of 2023, and the business recorded its highest-ever EBITDA.

“The strategy executed by the Valinor team combined with the innovative Apollo Care solutions has substantially transformed Movantik in a brief amount of time,” said Clarke B. Futch, Chairman of Valinor and CEO of HealthCare Royalty. “The performance of Valinor demonstrates that differentiated products like Movantik can still be very successful in mature markets with the right strategies, tools, and execution.”

Advisors
RBC Capital Markets, LLC acted as lead financial advisor to Valinor, and Wells Fargo also acted as financial advisor. McDermott Will & Emery LLP acted as legal advisor to Valinor.

About Valinor
Valinor strives to bring significant value and impact to patients, healthcare providers, and investors. It was founded on the simple but powerful belief that serving patients is foremost and successful commercialization of therapies is achievable in today’s market. By applying commercial expertise and innovation guided by analytics, we can help address the market challenges that stand between providers, patients, and their medications. For more information, please visit www.valinorrx.com.

About Apollo Care
Apollo Care develops and deploys patient access and analytics solutions through purpose-built technology to help pharmaceutical brands address commercial challenges. With a history of industry-first innovation, Apollo Care is rethinking outdated industry practices to deliver integrated solutions that drive growth, optimize gross-to-net costs, and improve patient outcomes. Apollo Care is based in Chicago, Illinois. For more information, please visit www.apollocare.com or follow us on LinkedIn.

Media Contact
Media@biotechcomm.com

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A new product line to accelerate the automation of companies

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RIVIÈRE-DU-LOUP, QC, Sept. 27, 2024 /CNW/ – Automation has become critical for businesses to drive growth and performance. Companies need to accelerate their automation initiatives through more autonomous and intuitive solutions that can quickly deliver the benefits of robotics to enhance their efficiency and competitiveness.  

Driven by its commitment to innovation and supporting manufacturing companies in strengthening their operational efficiency, Premier Tech is introducing the future of automation thanks to its new product line TOMA™ – which aims to accelerate packaging automation projects through a comprehensive and intuitive do-it-yourself experience – hence delivering automation made friendustrial™.

The first product under the TOMA™ brand – and its underlying mindset – is a palletizing solution featuring the most advanced interface on the market, bringing together industrial robustness and user-friendliness with collaborative robotics. Thanks to its seamless integration requiring no coding, no engineering and no programming, both small and large manufacturers can access the benefits of automation, setting a new standard for efficiency and ease of use.

“Today, we are launching more than a product line. We are launching a totally new approach to automation — we are launching the ‘Automation made friendustrial™’ mindset. Our teams at Premier Tech Systems and Automation have successfully merged industrial-level efficiency with ease of operation. This was achieved by leveraging the cobot technology from Fanuc, the worldwide leader in robotics,” says Jean Bélanger, president and chief executive officer of Premier Tech.

This launch is backed by more than 35 years of experience in automation and palletization, combined with new technologies in cobotics and the strong commitment of Premier Tech in ensuring that advanced technologies are made available to a wide range of manufacturers.

TOMA™ comes with a new innovative business model harnessing the power of an online, seamless and intuitive do-it-yourself configuration. It will enable companies to look at their packaging operations from a new perspective and implement automation projects where the financial feasibility was yet under pressure.

“TOMA™ cobots allowed us to enhance the work ergonomics of our teams, meet their needs — especially for night shifts —, and increase our productivity. This new solution is robust, intuitive and easy to program. With its agility and reliability, we can use it in various workspaces according to our needs,” says Pascal Gagné, operations manager at Groupe TAQ and launch partner.

For more information on TOMA™ and see how your company can leverage this solution, visit www.tomarobots.com

About Premier Tech

At Premier Tech, we are all about making a difference by connecting People and Technologies for over 100 years. One team driven by a shared will to deliver sustainable solutions that help feed, protect and improve our world.

Premier Tech has a wide range of products, services, brands and technologies allowing to increase crop yields, bring beautiful gardens to life, automate the handling and packaging operations of many manufacturing facilities, treat and recycle water, support companies in their digital transformation and offer bio-ingredients for the well-being of humans and animals.

Premier Tech today records sales of more than one billion dollars and is growing internationally, driven by its 5  200 team members in 28 countries. This is our time as we move Beyond 100.

For more information about Premier Tech, visit www.premiertech.com

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SOURCE Premier Tech ltée

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InventHelp Inventor Develops Improved Wearable Blanket to Increase Warmth (TLS-4013)

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PITTSBURGH, Sept. 27, 2024 /PRNewswire/ — “I wanted to create a more comfortable and convenient blanket to provide warmth at home while relaxing or doing various chores without restricting your movement or use of hands,” said an inventor, from Batesville, Miss., “so I invented the HEAT WRAP. My design would offer an improved alternative to using portable heaters, conventional heated blankets, and heating pads.”

The patent-pending invention provides an improved design for a wearable blanket. In doing so, it would surround the wearer in cozy warmth. As a result, it increases comfort and relaxation. It also allows the user to stay productive at home and on the go. The invention features a versatile design that is easy to use so it is ideal for the general population, especially the elderly and those living in cold weather areas.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-TLS-4013, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

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Raken Expands Construction Equipment Management Solution With Enhanced Tracking, Reporting, and Maintenance

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SAN DIEGO, Sept. 27, 2024 /PRNewswire/ — Raken, the top-rated field management app for the construction industry, has expanded its equipment management capabilities to better help customers leverage their valuable assets.

The California-based software developer recently introduced new and enhanced workflows for detailed equipment tracking, automated reporting, and proactive maintenance. Combined with the app’s daily reports, time tracking, safety and quality management tools, and document management, this update to their equipment management features further establishes Raken as the all-in-one solution for improving field productivity and visibility.

Built with purpose

Raken developed its new, improved equipment management tools to meet one of the industry’s most vital needs. Equipment is a significant cost for most construction companies, who spend hundreds of thousands to millions of dollars buying, renting, and maintaining equipment every year.

“Knowing where equipment is, who is using it, and what condition it’s in is critical in construction,” said Mike Bates, VP of Corporate Strategy. “Raken makes it easy to capture and analyze key data points so you can protect and maximize your investment.”

Track, maintain, and report on owned and rented equipment

Contractors can improve equipment utilization and maintenance with Raken, helping to keep their projects on schedule and under budget.

Benefits for the field and office include:

Easily add new or update equipmentSee where each piece of equipment is located and its conditionTrack details such as deployment history, hours, mileage, and fuel consumptionReport on critical metrics to help reduce idle time, manage costs, improve operator productivity and moreMonitor deficiencies, maintenance schedules, and return dates

Raken’s equipment management tools include an automated dashboard for analyzing utilization trends, productivity, fuel consumption and Co2 emissions. Users can also run snapshot reports organizing equipment by custom criteria and view detailed deployment and usage summaries.

The app also allows users to enable automatic email notifications for scheduled repairs, returns, and maintenance, plus quickly track deficiencies by operator to provide targeted training or guidance.

“Raken now provides an even clearer view of all your assets across your company and projects, so you can maximize usage, better manage your budgets, and extend the lifespan of your equipment,” said Mike Bates.

Launching soon

Raken will continue to grow equipment management capabilities based on industry trends and customer feedback. Additional tools for tracking and reporting on small equipment units and status are currently in development, and will be released in the coming months.

About Raken

Raken is an all-in-one field management solution for the construction industry that uses mobile technology to streamline field workflows and build better projects. Designed for ease-of-use, our software empowers crews to quickly and easily share real-time data and updates from the jobsite. Raken helps customers increase project visibility and compliance with digital daily reports, time and production tracking, comprehensive safety tools, document management, and more. To learn more, visit www.rakenapp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/raken-expands-construction-equipment-management-solution-with-enhanced-tracking-reporting-and-maintenance-302261347.html

SOURCE Raken

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