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Dechert Advises Poxel on US$50 Million Non-Dilutive Financing Agreement with OrbiMed

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PARIS, Nov. 4, 2024 /PRNewswire/ — Dechert has advised Poxel (Euronext: POXEL), a clinical-stage biopharmaceutical company, on its non-dilutive financing agreement with OrbiMed for US$50 million. This transaction monetizes a portion of Poxel’s future royalties and sales-based payments from TWYMEEG® sales by Sumitomo Pharma in Japan.

The financing is set to bolster Poxel’s strategic initiatives in rare diseases, reduce its debt and support general corporate purposes. The deal underscores the significant value of TWYMEEG® in Japan and strengthens Poxel’s financial position.

Poxel is listed on Euronext Paris, developing innovative treatments for chronic serious diseases with metabolic pathophysiology, including non-alcoholic steatohepatitis (NASH) and rare metabolic disorders. OrbiMed is a leading healthcare investment firm dedicated to accelerating innovation in the biopharmaceutical industry.

The Dechert team that advised Poxel includes corporate and securities partners Patrick Lyons and David Rosenthal; global finance partner Privat Vigand; intellectual property partner Olivia Bernardeau-Paupe; global finance partner Sarah Milam; tax partner Sabina Comis; and associates Etienne Bimbeau, Pierre-Emmanuel Floc’h, Chloe Lebret, Julie Lecomte, Vianney Toulouse and Yasmin Yavari.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors. 

View original content:https://www.prnewswire.co.uk/news-releases/dechert-advises-poxel-on-us50-million-non-dilutive-financing-agreement-with-orbimed-302295559.html

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Conga Named a Leader in the IDC MarketScape for Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment

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Conga recognized for strengths in breadth and flexibility of its contract lifecycle management solutions

BROOMFIELD, Colo., Nov. 6, 2024 /PRNewswire-PRWeb/ — Conga, the pioneer and market leader in Revenue Lifecycle Management, today announced it has been named a Leader in the IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment (doc# US51541124, September 2024).

We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes.

The IDC MarketScape evaluated 11 companies in the market based on vendors’ contract lifecycle management (CLM) applications for Corporate Legal. According to the report, “Conga’s solution is focused on transforming the entire contract management function within an enterprise. Conga focuses on functionality and solves the needs of every stakeholder along the contract assembly line, especially legal.”

Other strengths of Conga’s CLM platform emphasized in the assessment include its interfaces for every horizontal and vertical, including differentiated capabilities for legal within manufacturing, biotech, financial services, and others. Conga’s integrations and large partner ecosystem provide a CLM solution that easily integrates into any technology stack and enables each user to work where they want, which was also noted as a strength, along with its customizable platform that can be tailored to any and every organization.

Conga is a decade-long leader in CLM and AI, empowering all departments to get what they need from contracting by helping customers deliver a revenue advantage, streamline operations, reduce risk, and lower supplier costs. Conga CLM provides data and insights to help organizations effectively manage their obligations, team, customers, suppliers, and contracts.

“Demands for productivity are increasing, the global business and legal environment is constantly evolving, and there is never-ending pressure to improve revenue and profit on a tight budget,” said Noel Goggin, CEO and Culture Leader at Conga. “We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes, improve customer experience, drive faster sales cycle times, and ultimately faster time to revenue for better business outcomes.”

Conga CLM offers end-to-end functionality that delivers better contract outcomes with state-of-the-art data extraction, integrated AI models, and legal data verification services to ensure the data businesses rely on is accurate and easy to access and report on. Rather than wasting time searching through contracts to answer questions, legal teams can leverage Conga CLM’s AI Copilot functionality to quickly retrieve information about specific contracts, clauses, terms or numbers to streamline tracking and reporting and ensure commitments are met. The ability to automatically connect contract data and processes across departments breaks down internal silos, empowering everyone to work where they want and access the information they need with a user interface that integrates with any CRM, ERP, or procurement system.

Read the full IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment. To learn more about Conga CLM, visit: https://conga.com/products/contract-management/conga-contract-lifecycle-management

About Conga

Conga, the Revenue Company, is the pioneer and market leader in Revenue Lifecycle Management. Its platform is chosen by the world’s growth champions to accelerate the end-to-end revenue lifecycle and achieve a Revenue Advantage. Conga brings Configure, Price, Quote, Contract Lifecycle Management, and Document Automation capabilities together on a single open platform that works with any ERP, any CRM, and any Cloud. Conga is born for the top line—powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI—to help companies grow, protect, and expand their revenue.

Conga delivers a Revenue Advantage to over 10,000 customers and 6.4 million users around the world. More than 7 million contracts and 46 million quotes are generated annually with Conga. Founded in 2006, the company is headquartered in Broomfield, Colorado and has global operations in North America, Europe, Asia and Australia. Visit conga.com for more information.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Media Contact

Addie Reed, Conga, 1 312-766-5515, addie.reed@finnpartners.com, www.conga.com 

View original content:https://www.prweb.com/releases/conga-named-a-leader-in-the-idc-marketscape-for-worldwide-contract-lifecycle-management-for-corporate-legal-2024-vendor-assessment-302297124.html

SOURCE Conga

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TAILG Unveils New Product S96MAX at EICMA, with High-Efficiency Integrated Motor and Fast Charging Technology

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MILAN, Nov. 6, 2024 /CNW/ — As the world’s leading electric two-wheeler brand, TAILG launched its flagship new product S96MAX at the International Motorcycle and Accessories Exhibition (EICMA) on November 6. TAILG also showcased its new integrated motor and fast-charging technology, marking a significant breakthrough in the performance and range of electric two-wheelers.

 

Two Cutting-Edge Technologies Create a Buzz

In recent years, the global trend towards low-carbon travel and growing environmental awareness have driven rapid growth in the electric two-wheeler industry.

On November 6, TAILG invited Luca Talotta, a prominent figure in green mobility, as the product experience officer to unveil the S96MAX globally and introduce its new integrated motor and fast-charging technology.

The S96MAX is equipped with the industry’s first three-in-one integrated motor, the Star Ring Magnetic Motor. It features an axial flux motor structure that integrates the motor, transmission, and electronic control system. With an efficiency of up to 95%, it accelerates from 0 to 50 km/h in just 3.5 seconds and reaches a top speed of 120 km/h.

Comprehensive data indicates that the S96MAX achieves a peak power of 15000W. Overall range has increased by 13.5%, energy recovery efficiency by 108%, and motor size and weight have been reduced by 50%.

Another highlight of S96MAX is the Nebula Fast Charging System, the industry’s first low-voltage, high-current, high-rate charging solution. TAILG’s custom fast-charging pile can charge up to 80% in just 10 minutes, with a charging power of up to 20 kW.

It significantly improves charging efficiency and reduces costs, and can be expanded to more electric two-wheeled models in the future. In just the time it takes to have a cup of coffee, the S96MAX is ready to hit the road again.

In addition, the S96MAX is equipped with various intelligent features, including a TFT smart dashboard with multi-screen interaction, 55W wireless charging, and 1080P front and rear HD cameras. This offers a new option for users who pursue high-quality mobility.

EICMA Accelerates TAILG’s Overseas Expansion

At the exhibition, TAILG showcased 12 different models, attracting global clients for collaboration. The urban commuting and high-speed electric motorcycles with EEC certification saw strong interest for partnerships, while the off-road series Y1, Y3, and Y5 attracted much attention.

From product exports to brand expansion abroad, TAILG strategically set the goal of “recreat another TAILG overseas” in 2023. From launching the TLG brand to establishing factories abroad and participating in major global industry exhibitions, TAILG has taken significant steps toward brand globalization.

With the commissioning of Vietnam Smart Manufacturing Base and the opening of Indonesia Operations Center, TAILG has established ten smart manufacturing bases globally, with an annual production capacity exceeding 15 million units. TAILG operates seven marketing centers worldwide, exporting products to over 90 countries and regions, and leading the two-wheeler industry in quality exports.

Regarding technological innovation, TAILG has rapidly built core technology and product competitiveness with industry-leading R&D centers such as the Global E-Mobility Programme Research Institute. It has launched achievements such as sodium electric vehicles, hydrogen-powered electric vehicles, driverless technology, fast charging and battery swapping technologies.

At the exhibition, the renowned American motorcycle brand ZERO unveiled the model Neutrino, jointly developed with TAILG. TAILG is committed to leading the industry’s high-quality development through technological innovation.

As a global pioneer of long-range electric vehicles and a partner of the United Nations in electric mobility, TAILG will continue to develop new energy solutions that lead the way in global low-carbon mobility.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/tailg-unveils-new-product-s96max-at-eicma-with-high-efficiency-integrated-motor-and-fast-charging-technology-302297547.html

SOURCE TAILG

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SOCMA WELCOMES SIX NEW MEMBERS IN Q4 2024

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ARLINGTON, Va., Nov. 6, 2024 /PRNewswire/ — The Society of Chemical Manufacturers & Affiliates (SOCMA) proudly announces the addition of six new members in Q4 2024, further strengthening its diverse membership base.

Manufacturer members:

Integrity BioChem: “Joining SOCMA aligns with our commitment to sustainable innovation,” said Jimmy Jett, President & CEO of Integrity BioChem, which develops and produces modified biopolymers and bio-based surfactants for the energy, mining, industrial, ag, and specialty markets using renewable and sustainable practices. “We’re excited to collaborate with fellow members to advance bio-based solutions and contribute to the domestic manufacturing resurgence.”

Kodak Specialty Chemicals: “Kodak Specialty Chemicals is excited to join SOCMA and leverage their robust network of industry leaders and innovators to grow our CDMO business,” said Jonathan Hall, Business Development Director at Kodak Specialty Chemicals. “We look to benefit from their significant resources, including industry reports, regulatory updates, and best practices, to help us remain informed and competitive in a complex, heavily regulated industry. SOCMA membership will enable us to connect with industry professionals and generate new leads and opportunities as we drive our business forward.”

West Texas Blending: “SOCMA’s longstanding reputation was a major factor in our decision to join,” noted Hugo Lozano, CEO at West Texas Blending, which offers full-service chemical blending capabilities for oil & gas, water management, and agricultural services. “Their industry presence enhances our credibility and opens doors to potential partnerships. We look forward to leveraging this membership for future growth.”

Affiliate members

Chemical South Transport: “We decided it was a no-brainer to join SOCMA,” said Nicole Evans, Vice President of Chemical South Transport, which delivers safe, reliable, and innovative solutions in the handling, transporting, and transloading of bulk liquid chemicals. “SOCMA’s network of industry professionals, advocacy efforts, and resources will not only help us stay updated on regulatory changes but also enhance our safety and operational efficiency. This partnership positions us to be more competitive and well-informed in the ever-growing chemical industry.”

Hoover CS: “We really value SOCMA’s commitment to safe and sustainable practices, fostering connections and collaboration, and sharing valuable insights and resources,” said Lana Belmokadem of Hoover CS, which provides sustainable packaging solutions through its rental fleet of reusable liquid and dry IBCs and ISO tanks, helping customers reduce plastic waste, conserve water, and lower greenhouse gas emissions. “Their industry leadership aligns perfectly with our mission to advance circularity across the supply chain.”

WAB US Corp.: “SOCMA membership allows WAB US to reinforce current connections with member manufacturers and make new connections with a broader peer network,” said Daniel Grskovic, President of WAB US Corp., which provides advanced mixing and milling technologies critical to the specialty chemical sector. “WAB supports the aims of SOCMA by offering highly customized resources, operational excellence, and commercial growth. We see ourselves as enablers, providing the processing technology tools essential to chemical manufacturing in North America.”

“These six new members exemplify the innovation and diversity driving our industry forward,” said Jennifer Abril, President & CEO of SOCMA. ” From bio-based solutions to advanced processing technologies, each brings unique value to the specialty chemical sector and to the SOCMA community. Their decision to join SOCMA highlights the critical role of collaboration in navigating today’s complex chemical landscape. We are ready to work alongside them in strengthening North American specialty chemical manufacturing.”

For membership inquiries, contact Jenny Gaines, jgaines@socma.org.

About SOCMA:
SOCMA is the only U.S.-based trade association dedicated to the specialty and fine chemicals industry. Visit https://www.socma.org.

Contact:
Nate Bell
Sr. Manager, Member Communications & Programs
571-348-5100
nbell@socma.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/socma-welcomes-six-new-members-in-q4-2024-302297551.html

SOURCE Society of Chemical Manufacturers & Affiliates

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