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MGI’s DNBSEQ-T20 x2 Selected As A Special Mention In TIME Best Inventions 2024

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SHENZHEN, China, Oct. 30, 2024 /PRNewswire/ — MGI Tech Co., Ltd. (“MGI”), a company committed to building core tools and technologies that drive innovation in life science, is thrilled to announce that its DNBSEQ-T20x2 Genetic Sequencer* has been recognized as a Special Mention in the TIME Best Inventions 2024 list.

TIME Best Inventions recognizes products, software, or services that are revolutionizing the world. Curated by a network of TIME editors, the annual list recognizes inventions big and small from around the globe. This year, the DNBSEQ-T20x2 joined the ranks of the world’s most groundbreaking products, technologies, and services for its creativity, meaningful innovation, and significant impact on modern healthcare.

MGI’s DNBSEQ-T20x2 ultra-high-throughput sequencer has garnered prominent interest and attention since its debut in February 2023 for bringing down the cost of genome sequencing to 50,000 WGS per year for under $100 per 30x human genome. It was specifically recognized for its leading-edge applications in biotech and for laying the groundwork for more accessible and cost-effective high-throughput sequencing.

By providing scalable genome sequencing capabilities, the DNBSEQ-T20x2 enables researchers to perform large-scale genomic analyses at a reduced cost, thereby opening more doors to delivering research on precision medicine. These capabilities are especially impactful in areas where accurate and affordable sequencing can be leveraged to improve outcomes, such as oncology, rare disease research, and public health initiatives.

Since its launch, the DNBSEQ-T20x2 has earned accolades worldwide, including the Edison Award, iF Design Award, R&D 100 Award, BEYOND Healthcare Innovation Award, Biotech Breakthrough Award, and Globee Award. Each of these recognitions demonstrates the DNBSEQ-T20x2’s design excellence, technical performance, and transformative potential in the field of life sciences and healthcare.

“Being featured as a Special Mention in TIME Best Inventions 2024 is a tremendous honor for MGI. It not only celebrates the fruits of our labor; it reinforces our commitment to pushing the boundaries of innovation in genomic technology,” said Duncan Yu, President at MGI. “The DNBSEQ-T20x2 is setting a new standard for sequencing efficiency and accessibility, helping make genomics a foundational tool in healthcare for people around the world.”

In addition to marking an important milestone for MGI, the DNBSEQ-T20x2’s recognition by TIME highlights the broader role of genomics in the future of healthcare. By providing researchers, clinicians, and healthcare professionals with affordable, high-throughput sequencing capabilities, MGI is empowering breakthroughs and advancing precision medicine, early diagnostics, and preventive care for all.

* The DNBSEQ-T20x2 Genetic Sequencer is for research use only and could not be used for any diagnostic procedures.

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SOURCE MGI TECH

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Amid Rising Costs, XRP Healthcare Prescription Savings Card Making a Difference at 68,000 Pharmacies Across America: A Game-Changer for Individuals and Organizations Alike

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DUBAI, UAE, Oct. 31, 2024 /PRNewswire/ — Amid rising costs in the U.S., the XRP Healthcare Prescription Savings Card is providing Americans with much-needed relief on medication expenses. Accepted at over 68,000 pharmacies, including major chains like Walmart, Walgreens, and CVS, the card offers savings of up to 80% on prescriptions and over-the-counter medications, free to download on the XRPH app with no hidden fees or subscription costs.

 

While not a complete solution for financial pressures, the card delivers meaningful savings on repeat medications, especially for those managing chronic conditions like diabetes, high blood pressure, and mental health.

“With financial pressures mounting, our Prescription Savings Card offers a simple, no-cost solution to help families reduce their prescription expenses,” says Kain Roomes, CEO of XRP Healthcare.

Supported by AI-driven guidance through the XRPH app, users can access reliable healthcare information and personalized insights. This digital platform ensures access to trusted advice on managing health concerns affordably, bridging a critical gap in healthcare.

Since launching in 2022, XRP Healthcare has successfully delivered on each phase of its growth roadmap, making significant strides in enhancing healthcare access.

Entering the final quarter of 2024 with strong momentum, XRP Healthcare is set to close the year with impactful mergers and acquisitions in underserved markets like Uganda, furthering its mission to improve healthcare access in emerging regions.

This growth positions the company as a leader in delivering cost-effective healthcare solutions to both established and developing markets.

“Expanding into Uganda represents a pivotal step toward our vision of a truly global healthcare ecosystem,” adds COO Laban Roomes, with a focus on strengthening affordable healthcare options in underserved markets.

 

About XRP Healthcare

XRP Healthcare is the first pharma and healthcare platform built on the XRP Ledger, leveraging blockchain and AI to transform access to affordable healthcare globally. Headquartered in Dubai, UAE, and Uganda, XRP Healthcare offers solutions like the Prescription Savings Card and an AI-powered chatbot, aimed at making healthcare accessible worldwide. The company’s token, XRPH, is paired with USDT and listed on multiple reputable CEX exchanges, driving innovation in the digital and healthcare sectors.

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View original content:https://www.prnewswire.co.uk/news-releases/amid-rising-costs-xrp-healthcare-prescription-savings-card-making-a-difference-at-68-000-pharmacies-across-america-a-game-changer-for-individuals-and-organizations-alike-302291875.html

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Global Times: 15 years on, China’s Nasdaq-style ChiNext board drives innovative economic growth

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BEIJING, Oct. 31, 2024 /PRNewswire/ — Wednesday marked the 15th anniversary of the ChiNext board, a Nasdaq-style board for growth enterprises in China, which opened for trading on October 30, 2009. After 15 years of rapid growth, the board has become an important incubator for the development of high-quality private enterprises, and it vigorously propels innovative economic development and industrial upgrades.

As of Wednesday, 1,358 companies from a wide range of sectors including advanced manufacturing, the digital economy, and the green and low-carbon sectors had gone public on the ChiNext, and their total market capitalization exceeded 12 trillion yuan ($1.68 trillion), the Securities Daily reported.

In the past 15 years, the ChiNext board has nurtured quality high-tech companies that have showcased strong innovation capability and growth momentum, and they became important innovation engines driving the country’s high-quality economic growth in the new era, Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Wednesday.

At present, there are more than 1,000 private enterprises listed on the ChiNext board, which has become an important incubator for the development of high-quality private companies. Many enterprises have gained tangible benefits after listing on the board, and they have strong expectations for the development of the board.

Since going public on ChiNext in June 2018, Contemporary Amperex Technology Co., Ltd (CATL), a leading battery maker, has raised nearly 70 billion yuan from investors and issued 4.5 billion yuan in corporate bonds. A private placement completed in 2022 remains the largest ever on the board, which underscores the strong support of China’s capital markets for the development of CATL, the company told the Global Times on Wednesday.

Over the years, the ChiNext board has played the role of a “test field” for China’s capital market development. It has conducted institutional trials and innovations that better conform to the development characteristics of innovative and growth enterprises, accumulating reform experience for the capital market, Yang noted.

“The rapid development of the ChiNext board has been a highlight in the construction of a multi-layered capital market in China,” Yang said, noting that the ChiNext board greatly enhances the capability of China’s capital market to serve the new economy.

“The ChiNext board witnessed the leapfrog development of innovative enterprises over the past 15 years,” a spokesperson of Chinese medical device company Shenzhen Mindray Bio-Medical Electronics Co., Ltd, told the Global Times on Wednesday.

It is hoped that the ChiNext board can accelerate the building of a market, product and institutional system that accommodates the development of innovative growth enterprises, contributing to the development of new quality productive forces, the spokesperson said.

China’s top securities regulator is studying and drawing up action plans to further deepen capital market reform, Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at the Annual Conference of Financial Street Forum 2024 in Beijing on October 18.

On aiding the development of new quality productive forces, the CSRC will focus on supporting high-quality innovative enterprises, enhancing the inclusiveness and adaptability of the system, and reforming and optimizing the issuance and listing system, Wu said.

 

View original content:https://www.prnewswire.com/news-releases/global-times-15-years-on-chinas-nasdaq-style-chinext-board-drives-innovative-economic-growth-302292444.html

SOURCE Global Times

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ACE and Egyptian Authorities Shut Down Major Live Sports Piracy Ring

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Livehd7 Network Gave Users Illicit Access to Live Sports, Drawing More Than 17 Million Monthly Visits

LOS ANGELES, Oct. 31, 2024 /PRNewswire/ — Egyptian authorities collaborated with the Alliance for Creativity and Entertainment (ACE), the world’s leading antipiracy coalition, to shut down a notorious sports piracy network that illegally streamed live football/soccer matches to audiences around the world.

This action is the latest in a series of takedowns in the Middle East and North Africa (MENA) region. In recent months, ACE has worked with local MENA authorities to shutter unlawful streaming operations. Major takedowns include Laroza, formerly the largest piracy site in the MENA, taken down last month; Cima4U, which operated nearly 500 illegal domains and was shut down in January; and five other MENA-based piracy rings closed in 2024.

Operating since late 2020, Livehd7’s network of live streaming websites and at least 85 associated domains offered users access to matches from Europe’s top football/soccer leagues including England’s Premier League, Spain’s La Liga, Italy’s Serie A, Germany’s Bundesliga, France’s Ligue 1 and Portugal’s Primeira Liga, as well as the United States’ Major League Soccer (MLS) and domestic cup competitions in those countries. The content also included all UEFA club competitions and international qualifiers for the FIFA World Cup, UEFA Euro and EUEFA Nations League, and CONMEBOL Copa America.

“We applaud the excellent work of Egyptian law enforcement in protecting the intellectual property rights of ACE’s sports media company members,” said Motion Picture Association (MPA) Executive Vice President and Chief Content Protection Officer, Larissa Knapp. “The piracy of live sports is especially detrimental and poses an existential threat to sports leagues and their distribution partners, as a live sports broadcast loses substantial commercial value once a game ends. ACE remains committed to collaborating closely with the Egyptian Police to bring illegal operators to justice.”  

Through its various domains, the Livehd7 network logged more than 17 million monthly visits — more than 257 million visits in the past year. Site traffic originated primarily from Egypt, KSA, France, Germany, and the United States.

“Egyptian-operated piracy websites are popular across the MENA and Arabic-speaking markets generally, causing detrimental harm to our industry,” said Cameron Andrews, Legal Director of Anti-Piracy at beIN MEDIA GROUP. “According to our research, in the MENA region alone, they cost beIN over a $1 billion USD a year and threaten the viability of our business, which in turn has a direct effect on what broadcasters can pay for sports rights. We are very pleased to see action being taken as ACE continues to set a precedent in the fight against piracy.”

In addition to European and North American leagues, the illicitly streamed content included national leagues in the MENA such as the Saudi Pro League.   

The ring operators frequently built new domains to circumvent site blocking and other enforcement measures implemented in the countries where users accessed the illicit content.

All sites will be redirecting to the ACE “Watch Legally” page.

About The Alliance for Creativity and Entertainment

The Alliance for Creativity and Entertainment (ACE) is the world’s leading coalition dedicated to protecting the legal creative market and reducing digital piracy. Driven by a comprehensive approach to addressing piracy through criminal referrals, civil litigation, and cease-and-desist operations, ACE has achieved many successful global enforcement actions against illegal streaming services and unauthorized content sources and their operators. Drawing upon the collective expertise and resources of more than 50 media and entertainment companies around the world—including sports channels and associations—and reinforced by the Motion Picture Association’s content protection operations, ACE protects the creativity and innovation that drives the global growth of core copyright and entertainment industries. The current governing board members for ACE are Amazon, Apple TV+, Netflix, Paramount Pictures, Sony Pictures, Universal Studios, The Walt Disney Studios, and Warner Bros. Discovery. Charles Rivkin is Chairman and CEO of the Motion Picture Association and Chairman of ACE.

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View original content:https://www.prnewswire.co.uk/news-releases/ace-and-egyptian-authorities-shut-down-major-live-sports-piracy-ring-302292467.html

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