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TERRAOIL SWISS AG: Terraoil Announces Results of Annual General Meeting

TERRAOIL SWISS AG: Terraoil Announces Results of Annual General Meeting

All Resolutions for the Annual General Meeting Passed with over 93% Support

Steinhausen, Switzerland – EQS Newswire – 26 July 2023 – Terraoil Swiss AG (“Company”), an energy company with a strong focus on the Mediterranean is pleased to announce that the Annual General Meeting for fiscal year 2022 was held as scheduled on July 13, 2023 at Theater Casino, Zug, Switzerland.

Shareholders were provided with an update on the current activities of the Company followed by the formal meeting for the fiscal year 2022. Details of the Company’s operational and financial developments were shared with all attending.

All of the business matters before the shareholders were passed by over 93% of the votes cast at the meeting. The shareholders’ resolutions can be accessed at https://terraoil.swiss/publications.

Chief Executive Officer, Peter Krempin commented:

“Once again we had tremendous support from our shareholders for the team’s efforts in driving the Company towards success. Details of our important commercial developments and the restructuring that is taking place with a view toward a future listing of the Group’s shares were provided to those in attendance and there was a deep sense of excitement surrounding the Group’s future. Once again, I thank all stakeholders for their patience and support toward making the Group a success story.”

If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email [email protected] or by telephone at +41 71 544 01 20.

The issuer is solely responsible for the content of this announcement.

About Terraoil Swiss AG

Terraoil is an international energy company with a focus to identify and advance business opportunities in the upstream oil and gas and renewable energy sectors in the Mediterranean region.

https://terraoil.swiss

Terraoil forward-looking statements

This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Terraoil Swiss AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser. This media release and the information contained therein are not being issued for the purpose of selling shares in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Hong Kong Life Presents "HKL Walk Together: Everyphone Everywhere – Triple Privileges"

Hong Kong Life Presents "HKL Walk Together: Everyphone Everywhere – Triple Privileges"

HONG KONG SAR – Media OutReach – 26 July 2023 – Hong Kong Life has always embraced the people-centricity and attached importance to customers and the public by serving them with all-rounded care and services. This year, Hong Kong Life has become the sponsor of the local movie “Everyphone Everywhere” to make contributions to the development of local movies, culture and art, and to promote Hong Kong’s diversified culture to the public.

To carry on the joyful atmosphere in this summer, Hong Kong Life is going to launch a new branding campaign “HKL Walk Together: Everyphone Everywhere – Triple Privileges” (“Campaign”) which will bring fabulous prizes and joy to the public.

The campaign will be held in three stages on Hong Kong Life’s official Facebook page. During the campaign period, participants holding a Facebook account can join every stage of the campaign for free and may stand a chance to win the prizes by following the instructions of the campaign. The prizes include the ticket exchange coupon of the movie “Everyphone Everywhere” and other surprising prizes in the Ultimate Wave.

Campaign Details:

Campaign Stage Campaign Period Result Announcement
“Triple Privileges – 1st Wave” 27 July 2023 to 31 July 2023 3 August 2023
“Triple Privileges – 2nd Wave” 4 August 2023 to 8 August 2023 10 August 2023
“Triple Privileges – Ultimate Wave” Ultimate Wave will be held in mid-August.
Please stay tuned for more details.

The Facebook username used to participate in the campaign will be used for result announcement. For details and terms and conditions of “Triple Privileges”, please stay tuned to Hong Kong Life’s official Facebook page (https://www.facebook.com/hklifeinsurance).

Remarks:

  1. “HKL Walk Together: Everyphone Everywhere – Triple Privileges” is subjected to the terms and conditions.
  2. In every stage of campaign, each Facebook account can participate once only and can win one prize at maximum.
  3. Hong Kong Life is not the business partner of Facebook, and the campaign is not sponsored, supported or managed by Facebook.

Hashtag: #香港人壽 #HKLife #全個世界都有電話 #EveryphoneEverywhere #獎賞浪接浪 #有獎遊戲



The issuer is solely responsible for the content of this announcement.

About Hong Kong Life

Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through the extensive network of around 130 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank and Shanghai Commercial Bank, Hong Kong Life provides a comprehensive range of insurance products and services.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

73% of consumers globally say they trust content created by generative AI

73% of consumers globally say they trust content created by generative AI

New study from the Capgemini Research Institute finds that consumers trust generative AI to assist with financial planning, medical diagnosis, and relationship advice

TOKYO, JAPAN – Media OutReach – 26 July 2023 The majority (51%) of consumers are aware of the latest trends in generative AI and have explored the tools. Adoption of first-wave generative artificial intelligence (AI) tools has been remarkably consistent across age groups and geographies, with over half of all generations, including Baby Boomers, having used the technology. This is according to Capgemini Research Institute’s latest report, Why consumers love generative AI, which explores how consumers globally are using generative AI applications and how it could be the key to accelerating society’s digital future.

Consumers that use generative AI frequently are most satisfied with chatbots, gaming, and search use cases, however, generative AI platforms are also being used for personal, day-to-day activities. Over half of the respondents (53%) trust generative AI to assist with financial planning. Globally, 67% of consumers indicated that they could benefit from receiving medical diagnoses and advice from generative AI, and 63% indicated that they are excited by the prospect of generative AI aiding with more accurate and efficient drug discovery. Additionally, two-thirds (66%) of consumers would be willing to seek advice from generative AI for personal relationships or life and career plans, with Baby Boomers the most likely (70%) age group to use it for this purpose.

Consumer awareness around the ethical concerns and misuse of generative AI is low

Despite the potential for cyberattacks and deepfakes, consumer awareness of the risks is low. As a result, almost half (49%) of consumers remain unconcerned by the prospect of generative AI being used to create fake news stories, and just 34% of respondents are concerned about phishing attacks. Consumer awareness around the ethical concerns of generative AI is also low, as just 33% are worried about copyright issues and even fewer (27%) are worried about the use of generative AI algorithms to copy competitors’ product designs or formulas.

“The awareness of generative AI amongst consumers globally is remarkable, and the rate of adoption has been massive, yet the understanding of how this technology works and the associated risks is still very low,” comments Niraj Parihar, CEO of the Insights & Data Global Business Line and member of the Group Executive Committee at Capgemini. “Whilst regulation is critical, business and technology partners also have an important role to play in providing education and enforcing the safeguards that address concerns around the ethics and misuse of generative AI. For example, our role at Capgemini is to help clients cut through the hype and leverage the most relevant use cases for their specific business needs, within an ethical framework. Generative AI is not “intelligent” in itself; the intelligence stems from the human experts who these tools will assist and support. The key to success therefore, as with any AI, is the safeguards that humans build around them to guarantee the quality of its output.”

70% of consumers seek recommendations for new products and services

Almost half of consumers (43%) are keen for organizations to implement generative AI throughout customer interactions, and half of consumers are excited by the highly immersive and interactive experiences that this technology can enable. There is good opportunity for businesses as generative AI tools are already a go-to for 70% of consumers when seeking recommendations for new products and services, and the majority (64%) of consumers are open to making purchases based on these recommendations. There is no significant variation across age groups and 67% of consumers are positively anticipating generative AI’s ability to offer customized fashion and home décor recommendations specifically.

Capgemini’s dedicated AI Futures Lab to deliver concrete business impact

Capgemini is working with clients on AI and generative AI to respond to their specific business needs, particularly in the areas of Life Sciences, Consumer Products & Retail and Financial Services. Through its AI Futures Lab, Capgemini focuses on developing tailored solutions for clients, enabling them to leverage the potential of generative AI in a trusted, secure, and ethical framework to deliver concrete business impact.

The AI Futures Lab is a dedicated team of experts specialized in artificial intelligence from various Capgemini teams around the world, who are focused on following the evolutions of the technology, as well as researching and applying the most relevant use cases in generative AI for clients. The AI Futures Lab creates and delivers assets, education, and awareness to further enrich Capgemini’s expanding expertise in this field, and the value it delivers to its clients.

Methodology

For this report, the Capgemini Research Institute conducted a quantitative survey of 10,000 consumers over the age of 18 in 13 countries across the US, Europe, and Asia Pacific: UK, US, Australia, Canada, France, Germany, Italy, Japan, Netherlands, Norway, Singapore, Spain, and Sweden. Social and search analysis on consumer perception around generative AI was conducted in two periods: April 2022 to March 2023 for search analysis, and October 2022 to April 2023 for social analysis.

Data aggregator tools, including Google Keyword Planner data, Talkwalker, and desk research, were utilized. Data sources such as social media platforms and forums were examined in multiple languages, namely English, Italian, Japanese, French, Spanish, German, Dutch, Portuguese, and Swedish covering various countries, including Australia, Canada, France, Germany, Italy, Japan, Netherlands, Norway, Singapore, Spain, Sweden, the UK, and the US.

Hashtag: #Capgemini

The issuer is solely responsible for the content of this announcement.

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 360,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2022 global revenues of €22 billion.

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About the Capgemini Research Institute

The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was recently ranked #1 in the world for the quality of its research by independent analysts.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Mastering the Art of Trust: Khepri Digital’s Lessons for Singapore’s Digital Agencies

Mastering the Art of Trust: Khepri Digital’s Lessons for Singapore’s Digital Agencies

SINGAPORE – Media OutReach – 26 July 2023 – Khepri Digital, a top digital marketing agency in Singapore, recently conducted a study on the outlook of SMEs (companies below 1 Million SGD in annual revenue) on digital marketing agencies. Out of the 200 SMEs invited, only 137 responded to the study.

The study —– that when a business looks for a digital marketing agency, the most important factors are its reputation, assurances of performance, and real work samples rather than price.

43% of these respondents previously worked with or are still working with a digital marketing agency. Responsiveness emerged as the most popular when asked about the signs of a successful agency partnership. Meanwhile, ability to take clients through an easily understandable report and achievement of results and KPI (Key Performance Indicator) took the second and third spot.

Additionally, when asked why they would work with an agency, some believed that it was better to outsource activities in which ROIs (return on investments) are measured easily.

SMEs who don’t intend to outsource again had problems with the agencies, usually from experience. However, they didn’t have a problem with the idea of an external agency.

SMEs subsequently cited past clients, sample work reports, and discussions with the person they would want to work with as the top three factors in choosing an agency. Price came out as an outlying factor, landing in fifth place. The study also found that clients are unimpressed with 24/7 monitoring reports.

Meanwhile, 70% of the respondents believed outsourcing is unprofitable with a negative ROI.

A number of those who have previously worked with digital marketing agencies said that these agencies were unable to prove their impact on a company’s revenue.

Khepri Digital also picked 45 businesses from the 137 for a separate Zoom interview composed of the following:

  • 15 who have worked with a digital marketing agency before;
  • 15 who previously worked with one but not currently; and
  • 15 other businesses are still working with a digital marketing agency.

At least 10 of the Zoom respondents said they had to personally intervene in the content production operations as they believed the content was not good enough or the digital marketing agency didn’t understand their brand well enough. Another 10 said that the content produced was “good but not on brand”.

SMEs with no intention to work with a digital marketing agency cited “Branding Control”, defined as ensuring all material produced lines with the company vision, as their top reason. Meanwhile, “remaining unconvinced that the investment would yield a net positive ROI” came in second.

Thanks to this research by Khepri Digital Marketing, 3 lessons for digital marketing agencies in Singapore to take away from this survey.

Firstly, when a business looks for a digital marketing agency, the most important factors are the agency’s reputation, assurances of performance, and real work samples, rather than the price. At least for Khepri Digital, the takeaway is that pricing models shouldn’t be too heavily based on price, but to be ready with deep case studies, especially with industries that are similar to that which the potential client is in. At the end of the day, our marketing efforts, especially for a more sophisticated product, should be steeped in how we establish “trust”.

Secondly, clients in general, also like to see presented data that’s easily understandable. One gripe that was commonly heard as feedback from SME Marketing managers in the survey was that they, in the words of one manager who did not agree to be named, “did not understand the dashboard that was thrown at her by the current agency”. They would very much like someone to take them through the dashboard weekly at least.

Thirdly, the Account Manager is an unusually large deciding factor whether a client continues. Despite middling results, about 8/15 of the companies currently working with an external agency, remain satisfied because the account manager is on hand to answer queries frequently, and is easy to communicate with. Hence, while 8/15 is an insignificant data point, it might be worth noting that having a strong Account Manager is a good insurance in case less-than stellar results are achieved.

However, this study does have its limitations.

The study was primarily conducted over Zoom, although most SMEs that responded were based in Singapore. There were no restrictions on their answers over video conference, which gave rise to subjectivity (i.e. whether their lack of willingness to work with an agency is due to a perception of negative ROI or simply negative reputation.).

Since only SMEs were involved in the study, the results may not represent larger companies who may have different demands or needs. Moreover, 137 SMEs are not representative of the whole world, nor the whole of Singapore.

Hashtag: #KhepriDigital #seo #sem #digitalmarketing #ppc



The issuer is solely responsible for the content of this announcement.

Khepri Digital

Khepri Digital is a Performance Digital Marketing Agency headquartered in Singapore, and serving clients across Singapore, Tokyo, Hong Kong and the United States.

Khepri Digital specialises in which helps clients become the frontrunner in search results and as an in bringing ROI and exceptional performance.

To find out more, please visit .

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

1 TICKET, 1 TREE – Cathay Pacific organises third iteration of mangrove tree-planting initiative in continued efforts to support local communities, restore local habitats and drive climate resilience

1 TICKET, 1 TREE - Cathay Pacific organises third iteration of mangrove tree-planting initiative in continued efforts to support local communities, restore local habitats and drive climate resilience

SINGAPORE – Media OutReach – 26 July 2023 – In conjunction with the International Day for the Conservation of the Mangrove Ecosystem, Cathay Pacific will be kicking off its 1 Ticket, 1 Tree initiative on 26 July 2023. For every ticket sold online from 26 to 30 July 2023 in Singapore, Thailand, Malaysia, Philippines, Indonesia, Vietnam and Cambodia, Cathay Pacific pledges to plant a mangrove tree in Southeast Asia. This would be the third year that Cathay Pacific is embarking on this initiative, underscoring its commitment to give back to the communities it serves in practical and meaningful ways.

Caption


Cathay Pacific’s 1 Ticket, 1 Tree initiative was launched in Thailand in 2021. This was expanded to Southeast Asia[1] in 2022. Notably, more than 21,000 mangrove trees have been planted across the region since then. With mangroves being the lifeblood of many Southeast Asian coastal ecosystems, Cathay Pacific hopes to do its part to protect local livelihoods and biodiversity in the region.

1 Ticket, 1 Tree is part of Cathay Pacific’s broader commitment to sustainability leadership. To inspire more people to come together to lead change, volunteers and members of the community were invited to take part in the tree-planting itself. In total, more than 180 volunteers comprising Cathay Pacific employees, partners, and even disadvantaged members of the community have come together since the launch to plant trees in their respective countries.

Dominic Perret, Regional General Manager of Cathay Pacific Southeast Asia & Southwest Pacific, reasserted the airline’s commitment to sustainability and giving back to the communities it serves. “We are very proud to be organising 1 Ticket, 1 Tree for the third year running, especially since this was initiated during a very challenging period for us as an airline. The feedback we’ve received from our employees, partners and members of the community since then has been most heartfelt and encouraging, and we’re glad to be able to continue this momentum to make positive change, one tree at a time. As a global airline, we strongly believe we can lead change, and we are committed to working with like-minded partners to do so.”

For more information on 1 Ticket, 1 Tree, please visit:
SingaporeMalaysiaIndonesiaPhilippinesCambodiaThailandVietnam


[1] Singapore, Thailand, Malaysia, Philippines, Indonesia, Vietnam and Cambodia

Hashtag: #CathayPacific

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Southco Introduces New Universal Latch Sensor

Southco Introduces New Universal Latch Sensor

HONG KONG SAR – Media OutReach – 26 July 2023 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has introduced a Universal Latch Sensor (ULS) for enhanced security and constant monitoring. Southco’s Universal Latch Sensor is a simple magnet that attaches to an existing latch, and a magnetic sensor that attaches to the inside of an existing door frame. When the door is closed, and the latch is engaged, the magnet comes into proximity with the sensor, sending an electronic signal to your security system. This lets you know the door is closed and the latch is secure.

Universal Latch Sensor
Universal Latch Sensor

This signal from the ULS can be used in a variety of ways, from integrating security systems, to turning on existing lights inside an enclosure. Regardless of the application, the ULS can be easily integrated to provide more reliable monitoring of the status of a latch. Where door sensors may return a “closed” signal even if the door is unlocked, the Universal Latch sensor monitors the latch itself, so users always know if their door is closed, and their latch is secure.

For example, it can be used to turn on indicator lights on a dashboard when a latch is open, or internal lighting, illuminating the inside of an enclosure or storage area before the hinges move. Southco also offers a sensor with built-in LED’s that automatically illuminate when the latch is opened, removing the need for additional lighting in small spaces.

For more information about the Universal Latch Sensor, please visit southco.com or email the 24/7 customer service department at [email protected]

Hashtag: #southco #Latchsensor #securitysystem #electronicsolutions

The issuer is solely responsible for the content of this announcement.

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Avnet Renews and Expands its Agreement with Huizhong to Distribute Smart Water Meters

Avnet Renews and Expands its Agreement with Huizhong to Distribute Smart Water Meters
SINGAPORE – Media OutReach – 26 July 2023 – Global technology distributor and solutions provider Avnet recently renewed its Master Distribution Agreement (MDA) with China’s leading ultrasonics water meter manufacturer, Huizhong, to distribute smart water meters in Australia and New Zealand.

Avnet and Huizhong Contract Renewal.jpg

The agreement, first signed in 2022 for a 2-year period, renewed the appointment of Avnet as sole distributor of its smart water meters in Australia and New Zealand for a further two years. It also expanded the geographical scope of Avnet’s distribution rights to include the key market of Singapore, with a view to progressively include other markets around the world.
While smart water meters have been on the market for some time, Avnet Design Services will be collaborating with Huizhong to develop data loggers with internet connectivity for water meters with pipe sizes greater than 50mm.
Unlike analogue water meters that must be physically read by workers at regular intervals, smart water meters can be read remotely, thus reducing legwork and reducing operating costs. They are also able to report leaks and burst pipes in real time, including details of their exact cause and location. Once alerted, the utility provider can intervene and repair the problem immediately, mitigating the financial loss of wasted water, the environmental impact of leakage and seepage, and the risk of structural damage to property and associated safety hazards.
In addition to saving utility providers millions of dollars in water wastage, householders are able to access data that monitors their daily water usage in real time, via a customer app. With this knowledge, they are subsequently able to adjust their habits to conserve water and save money on their water bills. In addition, smart water meters are able to discreetly monitor the water usage patterns of elderly citizens living alone, and send alerts to next-of-kin when usage suddenly changes or abruptly discontinues. It’s a win-win-win situation – for water utility providers, users, and the environment.
“After the implementation of the smart water meters in Australia, we immediately set our sights on introducing this technology to other countries in the near future. Population growth coupled with the undeniable fact of climate change and the increasing incidence and severity of extreme weather events has exacerbated water insecurity around the world,” said Tan Aik Hoon, Regional President, South Asia, Korea and Avnet United. “The inclusion of Singapore is a milestone achievement for both Avnet and the republic’s shift towards a sustainable future.”
In 2006, the World Bank Paper No. 8 estimated that the global cost of non-revenue water amounts to US$14 billion per year. The market for smart water management is vast, and will only grow as populations increase and place rising pressure on infrastructure and resources.
Tan says that the smart water meters that Avnet has developed in collaboration with Huizhong are an ideal example of how technology can help promote sustainability and, in so doing, help societies, economies and the environment. While the partnership with Huizhong marks Avnet’s first foray into the smart water meter business, it aligns with the organization’s overarching Internet of Things (IoT) strategy, which envisions an entirely interconnected and sustainable world.
“With our ever-expanding range of innovative technology solutions, and the support of strong partners like Huizhong, we are honored to be helping society slowly but surely shift towards sustainability,” added Tan. “With relentless research and a collaborative approach to solving the problems that threaten all of humankind, there is virtually no problem that technology cannot overcome.”

Hashtag: #Avnet

The issuer is solely responsible for the content of this announcement.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at .

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

BTAI LOSS ALERT: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages BioXcel Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BTAI

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – July 25, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of BioXcel Therapeutics, Inc. (NASDAQ: BTAI) between December 15, 2021 and June 28, 2023, both dates inclusive (the “Class Period”), of the important September 5, 2023 lead plaintiff deadline.

SO WHAT: If you purchased BioXcel Therapeutics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the BioXcel Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=17579 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 5, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) BioXcel Therapeutics lacked adequate internal controls over protocol adherence and data integrity; (2) as a result, BioXcel Therapeutics’s principal investigator failed to adhere to the informed consent form approved by the Institutional Review Board (“IRB”); (3) BioXcel Therapeutics’s principal investigator failed to maintain adequate case histories for certain patients whose records were reviewed by the U.S. Food and Drug Administration (“FDA”); (4) BioXcel Therapeutics’s principal investigator fabricated email correspondence with a pharmacovigilance safety vendor that was then provided to the FDA; (5) the foregoing would negatively impact BioXcel Therapeutics’s ability to obtain regulatory approval of BXCL501 (which is purportedly a proprietary, orally dissolving, film formulation of dexmedetomidine, or “Dex”) for the treatment of agitation associated with dementia in patients with probable Alzheimer’s disease; and (6) as a result of the foregoing, defendants’ positive statements about BioXcel Therapeutics’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the BioXcel Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=17579 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.