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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

View original content:https://www.prnewswire.co.uk/news-releases/valinor-pharma-announces-acquisition-by-grunenthal-with-a-total-deal-value-of-approximately-250-million-302202977.html

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O’Fallon (MO) Police Department Revolutionizes Public Safety with Cutting-Edge Technology with Caliber Public Safety

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O’Fallon (MO) Police Department is enhancing public safety by adopting Caliber’s public safety software suite, positioning itself as a leader in modern public safety technology.

WINSTON-SALEM, N.C., Nov. 17, 2024 /PRNewswire-PRWeb/ — O’Fallon, MO – The O’Fallon Police Department is proud to announce its partnership with Caliber Public Safety, integrating state-of-the-art Computer-Aided Dispatch (CAD), Records Management System (RMS), and Mobile solutions to enhance public safety and law enforcement operations.

“We’re honored to partner with the O’Fallon Police Department in their innovative approach to public safety, empowering their mission to boost efficiency and protect their community,” said Chris Faircloth, VP of Sales and Marketing for Caliber Public Safety.

This significant upgrade reinforces the department’s commitment to modernizing public safety, ensuring the protection and well-being of O’Fallon’s 94,000+ residents. The integration of Caliber’s innovative technologies optimizes dispatch and response operations, facilitating faster reaction times and more effective data management.

“We are excited to leverage these cutting-edge tools to serve our community more efficiently and effectively,” said Chief Frank Mininni. “This technological leap ensures our teams can react faster and manage critical data more effectively, creating a more secure environment for everyone.”

Key benefits of the upgrade include:

Enhanced efficiency through seamless integration of CAD, Mobile, and RMS technologiesImproved data sharing capabilities, connecting local, regional, state, and national agenciesIncreased situational awareness for first responders through real-time access to critical information

The O’Fallon Police Department’s investment in Caliber Public Safety’s solutions was made possible by the “Use Tax” approved by voters in 2019. This tax enables the department to stay current with evolving technology, ensuring transparency and effective use of taxpayer money.

“We are honored to partner with the O’Fallon Police Department in their forward-thinking approach to public safety,” said Chris Faircloth, Vice President of Sales and Marketing for Caliber Public Safety. “Together, we are empowering their mission to enhance operational efficiency and safeguard the people they serve.”

About the O’Fallon Police Department:

The O’Fallon Police Department serves over 94,000 residents with a team of 100+ sworn officers, consistently ranking among America’s “Best Places to Live” and “Safest Cities.”

About Caliber Public Safety:

Caliber Public Safety provides innovative solutions to over 1,000 public safety agencies across North America, focusing on data-sharing and interoperability.

Media Contact

Chris Faircloth, Caliber Public Safety, 1-800-274-2911, info@caliberpublicsafety.com, https://caliberpublicsafety.com/

View original content:https://www.prweb.com/releases/ofallon-mo-police-department-revolutionizes-public-safety-with-cutting-edge-technology-with-caliber-public-safety-302307052.html

SOURCE Caliber Public Safety; Caliber Public Safety

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GAC Group Showcases New Energy Vehicles and Unveils “Panyu Action” at the 22nd Guangzhou International Auto Show

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, at the 22nd Guangzhou International Auto Show, GAC’s self-owned brands unveiled three groundbreaking models. Alongside these vehicle debuts, GAC Group introduced its three-year strategic initiative – “Panyu Action” – which aims to increase the share of self-owned brands to over 60% of total group sales by 2027, targeting 2 million units in sales.

Designed to drive GAC Group’s transformation, “Panyu Action” is expected to enhance operational efficiency and position the company for sustained high-quality development. This strategic initiative is expected to help GAC strengthen its leadership within both domestic and international automotive markets.

Feng Xingya, President of GAC Group, stated, “GAC Group has taken a solid step forward in its new phase of transformation. We will forge ahead with determination and live up to expectations, presenting an all-new GAC to everyone over the next three years!”

In line with its vision, GAC Group has invested over 50 billion yuan in independent research and development. The company plans to invest an additional 50 billion yuan in the next three years to support its “Panyu Action” initiative, reinforcing its commitment to remain at the forefront of technological innovation in the automotive industry.

“Right now, GAC’s global expansion is entering a new phase, with vehicle exports and local production moving forward together,” said Wei Haigang, President of GAC International. ” We will continue to expand international markets, with plans to reach 100 countries and regions by 2027, and export 500,000 vehicles.”

As part of its growth strategy, GAC Group unveiled three standout models at this year’s auto show: the S7, GAC’s first advanced intelligent vehicle, featuring AI-driven ambient lighting with eight preset expressions for personalized interaction; the Aion UT, the third global strategic model from Aion, with bold headlights and a hatchback design that embodies a unique, free-spirited style; and the HYPTEC HL, GAC’s luxury intelligent flagship SUV, which combines yacht-style wraparound design with zero-gravity seats for an unmatched luxury electric driving experience.

These new models highlight GAC Group’s dedication to leading the smart electric vehicle market, with plans for their introduction to international markets as part of the company’s ongoing global expansion strategy.

Looking ahead, GAC Group remains committed to delivering better products, services, and experiences to consumers worldwide, enhancing mobility solutions and enriching the lives of customers across the globe.

SOURCE GAC

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Unmissable Black Friday Deals on Telegram Signal Copier: Significant Savings on Services, Trading Tools, and Exclusive Offers for Traders

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As part of the Black Friday season, Telegram Signal Copier is offering traders exclusive discounts on services and advanced trading tools to support their strategies and enhance trading performance.

COVENT GARDEN, London, Nov. 17, 2024 /PRNewswire-PRWeb/ — Telegram Signal Copier (TSC), the most popular signal copier tool, is thrilled to announce exclusive discounts on a range of services and innovative trading tools designed to enhance trading strategies and improve overall performance for traders at every level.

A company spokesperson stated, “Our Black Friday specials offer significant savings, giving both new and experienced traders access to expert signals and tools. We’re confident these resources will empower users to make informed trading decisions and reach their financial goals.”

The Black Friday offers, originally scheduled for November 24 to November 30, are already live, providing traders with an exclusive early opportunity to access significant discounts. This early launch marks a unique chance for both novice and seasoned traders to refine their strategies and enhance their trading performance with major savings.

As part of this Black Friday season, Telegram Signal Copier is inviting traders to explore its specially curated packages that combine access to powerful trading tools and customized support services at a fraction of the cost. This limited-time event offers exclusive deals to support traders at every level, providing access to premium features that elevate trading strategies and outcomes.

This time TSC has also added an amazing feature that supports image signal copying, allowing traders to seamlessly replicate signals from image-based formats. Now this latest feature broadens the range of signals traders can access, providing greater flexibility and precision.

TSC Black Friday Offers Package 2024:

The Black Friday specials, available for a short window, will feature substantial savings across a wide range of offerings. Here’s a brief overview of the exceptional packages:

TSC Starter: Perfect for beginners interested in exploring the trading world with ease, TSC Starter offers essential tools and insights that simplify complex trading decisions, allowing new traders to start confidently.TSC Pro: This package is tailored for traders with some experience who want to deepen their strategies. With access to advanced tools, Pro users can gain deeper market insights to enhance trading outcomes.TSC Advance: The Advance package is the ultimate trading companion for experienced traders who demand the highest-quality tools and signals to support sophisticated trading strategies. It offers in-depth analyses, real-time insights, and expert-driven strategies designed to help maximize profits and minimize risks.

Whether you are an experienced trader or just beginning your trading journey, these deals are tailored to ensure you can benefit from expert signals and cutting-edge tools to enhance your trading performance. The Black Friday savings are not merely discounts.

So, traders are encouraged to mark their calendars for this exceptional Black Friday event and prepare to take advantage of TSC’s powerful trading solutions. This limited-time sale will allow traders to harness cutting-edge trading technology to optimize their strategies, making it a perfect time to elevate trading capabilities without the usual costs.

About Telegram Signal Copier:

Telegram Signal Copier is an acclaimed signal-copying tool in the trading community, enabling users to replicate expert trading signals directly in their accounts. Known for its intuitive interface, commitment to delivering accurate, timely market insights, and now its new image signal copying feature, TSC has established itself as an invaluable resource for traders seeking to elevate their trading experience. With a mission to provide accessible, top-tier trading resources, TSC empowers its users to thrive in the fast-paced world of Forex trading.

Media Contact

Nazrul Islam, Telegram Signal Copier, 44 2079461234, support@telegramsignalcopier.com, https://telegramsignalcopier.com/

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SOURCE Telegram Signal Copier

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