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India’s defence sector is undergoing a pivotal transformation with the Ministry of Defence launching a detailed review of triservice procurement priorities. This initiative, driven by an urgent need to address capability gaps across the Army, Navy, and Air Force, reflects a strategic shift from piecemeal solutions to a more holistic, problem-solving approach. The Indian Air Force, operating with just 31 squadrons against a sanctioned strength of 42, epitomises the urgency. Its fighter fleet faces acute shortages, exacerbated by delays in delivering indigenous platforms like the Te jas MK1A and the stalled Multi-Role Fighter Aircraft (MRFA) programme. These delays hinder operational readiness and compromise India’s ability to counter emerging threats. Similarly, the Navy’s critical needs ~ submarines, helicopters, and an additional aircraft carrier ~ remain unmet, while the Army grapples with the need to modernise tanks, drones, and munitions. Despite the presence of established mechanisms like the Defence Acquisition Council and Defence Acquisition Procedure, procurement processes often stall due to procedural complexities and lack of alignment among stakeholders. Recognising this, the Ministry has initiated a consultative exercise involving service chiefs, the Defence Research and Development Organisation, and other key officials. This step underscores the need for a solutions-driven mind-set that prioritises outcomes over bureaucracy. Advertisement The dual challenge of addressing immediate operational requirements while promoting indigenous manufacturing adds another layer of complexity. The push for self reliance under initiatives like “Make in India” is laudable, yet delays in delivery timelines and quality control remain persistent challenges. A balanced approach ~ leveraging global partnerships for critical capabilities while strengthening domestic defence production ~ is essential. In dia’s defence modernisation also suffers from the shadow of past controversies. Political disputes over procurement decisions have deterred officials from taking bold steps, often leading to indecision. Breaking this cycle requires insulating procurement processes from political interference and fostering a culture of accountability. Advertisement Looking forward, a few key steps can ensure the success of this initiative. First, prioritisation must be clear and aligned with strategic goals, focusing on critical capabilities like fighter jets, submarines, and drones. Secondly, enforcing accountability through technology-driven tracking systems can reduce delays. Thirdly, enhancing transparency in decision-making, while protecting sensitive details, can re-build trust in the procurement process. India’s security environment demands a military that is agile, well-equipped, and future-ready. The current review process is an opportunity to address systemic inefficiencies and set a road map for sustainable modernisation. With focused leadership and collaborative efforts, this exercise could redefine India’s defence procurement strategy, ensuring that the armed forces are not only prepared for present challenges but also for the evolving threats of the future. The time to act decisively is now. By addressing capability gaps, expediting procurement, and fostering self-reliance, India can build a robust ecosystem that safeguards its sovereignty and advances its strategic aspirations. In an increasingly hostile neighbourhood, this is an imperative. Advertisement
ANCHORAGE, Alaska--(BUSINESS WIRE)--Dec 19, 2024-- Cook Inlet Region, Inc. (CIRI), an Alaska Native regional corporation, announced the purchase of OSC Edge (OSC), a leading provider of IT engineering, integration and testing and data management services to government and private-sector businesses. “I applaud the Board’s decision to move forward with this acquisition. It reflects our shared commitment to growth, innovation and creating long-term value for our Shareholders,” CIRI CEO Swami Iyer said. Founded in 2008 and headquartered in Atlanta, Georgia, OSC Edge provides expert solutions in Enterprise IT to the government and commercial organizations. OSC’s staff, comprising over 300 team members spanning 27 U.S. states, multiple countries, and 3 continents, is committed to providing the highest quality IT engineering, integration and testing, and data-management services. OSC Edge is a graduated 8(a) company. As a CIRI subsidiary, OSC will gain access to new networks, enhanced operational capabilities and the potential for increased scalability, positioning the company for greater success in a competitive environment. Co-founder Tiffany Bailey will remain as OSC’s president and CEO. “I’m incredibly excited about this new chapter and the opportunities that come with being part of the CIRI family,” Bailey said. “This acquisition marks a significant milestone for our company and I truly believe it will fuel our growth and success.” OSC adds to CIRI’s diverse and strategic business portfolio that currently exceeds $1 billion in assets. The acquisition aligns with CIRI’s long-term business strategy. View source version on : CONTACT: Lori Nelson 907-263-5131 KEYWORD: ALASKA GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY SECURITY OTHER TECHNOLOGY PUBLIC POLICY/GOVERNMENT SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT OTHER POLICY ISSUES SOURCE: Cook Inlet Region, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:30 PM/DISC: 12/19/2024 04:30 PM
Libra - (23rd September to 22nd October) Daily Horoscope Prediction says, balance and Harmony Guide Your Day Your diplomatic nature shines today, creating harmony in relationships and fostering success in professional endeavors. Keep an eye on your well-being. Today, your natural charm and ability to mediate are highlighted, offering you the chance to smooth over any tensions. While your love life may see positive changes, stay focused at work as new opportunities arise. Financially, be cautious with spending. Make sure to prioritize your health, and remember to balance work and relaxation. Libra Love Horoscope Today: In matters of the heart, today brings an opportunity to deepen your connection with your partner. Open communication will allow for greater understanding and compassion between you. If you're single, don't be surprised if someone intriguing crosses your path. This is a good time to strengthen bonds and explore new possibilities in relationships. Being open-minded and genuine will lead to meaningful interactions and, potentially, romantic growth. Libra Career Horoscope Today: Your diplomatic skills at work will prove valuable today, allowing you to navigate any conflicts that may arise with ease. This is an ideal time to tackle group projects or negotiate deals, as your ability to communicate effectively is heightened. New opportunities might present themselves, so stay alert and ready to seize them. Your hard work and dedication could catch the eye of superiors, paving the way for future advancements in your career. Libra Money Horoscope Today: It's important to be cautious with your finances today. While you might feel tempted to indulge in some luxuries, consider focusing on long-term savings instead. Reviewing your budget and cutting unnecessary expenses could provide a clearer picture of your financial standing. If you've been considering investments, take the time to research and seek advice before making any decisions. Financial prudence now will lay the foundation for a more secure future. Libra Health Horoscope Today: Your well-being should be a top priority today. Balancing work and relaxation is key to maintaining your health. Consider incorporating a relaxing activity, like yoga or meditation, into your routine to help manage stress. Pay attention to your diet and ensure you're nourishing your body with healthy choices. If you feel fatigued, don't hesitate to take a break and recharge. Taking care of yourself now will contribute to your overall happiness and vitality. Libra Sign Attributes Strength: Idealist, socially presentable, Aesthetic, Charming, Artsy, Generous Weakness: Uncertain, Lazy, Non-interventionist Symbol: Scales Element: Air Body Part: Kidneys & Bladder Sign Ruler: Venus Lucky Day: Friday Lucky Color: Brown Lucky Number: 3 Lucky Stone: Diamond Libra Sign Compatibility Chart Natural affinity: Gemini, Leo, Sagittarius, Aquarius Good compatibility: Aries, Libra Fair compatibility: Taurus, Virgo, Scorpio, Pisces Less compatibility: Cancer, Capricorn By: Dr. J. N. Pandey Vedic Astrology & Vastu Expert Website: www.astrologerjnpandey.com E-mail: djnpandey@gmail.com Phone: 91-9811107060 (WhatsApp Only)Calzada TD to Alexander sends Incarnate Word to FCS quarterfinal with win over Villanova
King and Northeastern knock off Florida International 60-58YOU could lose out on a £1million Lotto jackpot due to a hidden rule in the small-print. Sub-postmaster Gerald Lowery, 67, has warned scratchcard players over the little-known mistake. Gerald sells National Lottery scratchcards at his Post Office branch in the Cumbrian village of Millom. Earlier this year a customer came in to claim a £5 prize on their scratchcard. But Gerald spotted the scratchcard had been accidentally sold after its expiry date. A baffled Gerald refunded the customer himself - saying it was lucky they hadn't won the £1million jackpot. Most read in Money FOOD FIGHT BBC chef apologises after closing restaurant - leaving customers out of pocket FOR LUCK'S SAKE Watch moment £100k lotto jackpot 'DISAPPEARS' leaving player with nothing If you scratched off the maximum £1million Scratchcard prize, you could lose out if your winning ticket expired before sale. Gerald was puzzled why the out-of-date ticket had slipped through and flagged the problem with lotto operator Allywn. The firm told him that he had missed the deadline to sell the scratchcard pack - and could not get a refund for unsold cards. Gerald told The Sun: "I haven't done anything wrong, but I'm out of pocket." Most read in Money FESTIVE BEER Full list of Wetherspoons opening in Scotland on Xmas Day, is one near you? WINTER WONDERLAND First look inside award-winning Santa's Grotto just 20mins from Glasgow FARM LIFE Farm with Scotland's only lake up for sale LUXURY LIVING Scots tycoon smashes house sale record at neighbourhood loved by celebs He put the pack on sale in September 1 last year, two months before the deadline for "activating" them. National Lottery Winners' advisors tell The Sun what it's like to give away £7bn The last day where he could officially sell the cards was January 29 this year, and the deadline for players to claim their prizes was July 27. Gerald kept the cards on sale on the understanding Allwyn would not send a new pack until the old one had sold out. He said he must have accidentally sold a scratchcard after the January 29 deadline, but is confused how it could have happened. The sub-postmaster said he was used to the old system where Post Office middlemen dealt with longtime Lotto operator Camelot. Under the old system, Post Office officials would refund shopkeepers for any unsold cards. But new operator Allwyn deals with shopkeepers directly - and Gerald likely fell foul of the small print while adjusting. He said the rule changes have left him out of pocket even though he has done nothing wrong. Gerald said: " I am just disappointed in Allywn and very wary of them. "They've had people come to visit my shop and they were of no help whatsoever. It's gone on long enough now." Allwyn said it will send someone to Gerald's shop to help him figure out any issues and get used to the system. The operator said Gerald doesn't owe any money - but isn't due a refund for unsold scratchcards either. UK's biggest lottery winners By Ethan Singh Anonymous winner - £195,707,000 A UK ticket-holder scooped the record EuroMillions jackpot of £195 million on July 19 2022 – the biggest National Lottery win of all time. The holder, who remains anonymous to this day, amassed the fortune with just one lucky ticket. Joe and Jess Thwaite - £184,262,899.10 Britain's previous EuroMillions record holders were Joe and Jess Thwaite. The couple won a record-breaking £184million jackpot in May 2022 and shared hopes of a Hawaiian holiday and a new horse box for their children's ponies. Joe bought his winning ticket online on May 10, 2022, and the following morning received an email with good news. As he learnt of the huge win, he was in disbelief and initially kept it for himself as he did not want to disturb his wife, who was sleeping. Joe, a communications sales engineer, and Jess, who runs a hairdressing salon with her sister, have been married for 11 years and have two children. Colin and Chris Weir, £161,653,000 Colin and Christine Weir landed the colossal prize money in 2011 and were Europe’s second-biggest winners until someone in Italy won a jackpot worth £193m in 2019. They splashed the cash at an astounding rate of £100,000 a week before tragedy struck. But at the time of Colin’s death in December 2019 his share of the prize money had dwindled by around £40m . He spent the millions living a life of luxury, forking out for sports cars, property and the football club he supported. Colin and Christine divorced shortly before his death after being married for 38 years. He left money for their children Carly and Jamie. Adrian and Gillian Brayford - £148,600,000 Adrian and Gillian won 190 million euros in a EuroMillions draw in August 2012, which came to just over £148 million. But Adrian split from Gillian the following year because of the stress of the win. The couple bought a Grade II listed estate in Cambridgeshire, complete with cinema and billiards room, but it was sold in 2021. After divorcing in 2013, he failed to woo ex-sausage factory worker Marta Jarosz — but fell for stable girl Sam Burbidge. She left him in 2017, taking 30 prize horses Adrian bought. It might have worked out in the end for Adrian though as the former postman was seen smiling with ambulance worker Tracey Biles last year. Frances and Patrick Connolly - £114,969,775 Former social worker and teacher Frances set up two charitable foundations after she and her husband hit the jackpot. They scooped almost £115 million on New Year’s Day 2019. She estimates that she has already given away £60 million to charitable causes, as well as friends and family. Richard and Debbie Nuttall - £61,000,000 The couple from Colne, Lancashire, took home £61 million on January 30 2024. Both 54, they were enjoying a holiday in Fuerteventura, celebrating their 30th wedding anniversary. But they then discovered the big EuroMillions win. Richard revealed they originally thought they had won £2.60, but then received another email telling the pair to check their account. Other eye-watering anonymous winners: 2019 - £123million Another anonymous winner scooped up a prize of £123,458,008 in the June Superdraw rollover. 2021 - £122million Following nine rollovers, one ticketholder bagged the £122,550,350 jackpot last April. The successful participant chose to remain anonymous. 2018 - £121million Another anonymous winner found their fortune during the Superdraw jackpot rollover in April 2018, securing £121,328,187. An Allwyn spokesperson said: "This pack of 60 Scratchcards was activated for sale on September 1 last year. "The game closed for sale on 29 January 2024 – over four months later. "Once the pack was activated, the Scratchcards became the retailer’s property. "To be clear, Mr Lowery doesn't owe anything, and he isn't due anything either. "We don't offer refunds for activated partial packs, nor did the previous National Lottery operator. "This is because retailers are given plenty of time to sell through the packs. "Full, unactivated Scratchcard packs should be returned, free of charge. "The retailer would've previously contracted directly with Post Office Limited in relation to his National Lottery account." Read more on the Scottish Sun FESTIVE FIZZ Coca-Cola Christmas truck in Scotland: Dates, locations & all you need to know AND RELAX Scots seaside hotel with outdoor hot tub and firepit named UK's top spa resort Allwyn added: "Post Office Limited may have had different processes to follow. "We'll get a member of our team to arrange a visit with Mr Lowery to offer him further support." 1 Sub-postmaster Gerald Lowery, 67, warned scratchcard players over the mistake Credit: Alamy What are my chances of winning the lottery? EVERYONE wants to know how to beat the odds and win the lottery. But unfortunately, the lottery is a game of luck and there are no tips or tricks that can guarantee you'll take home a top prize. The odds show how likely you are to win any particular prize - the lower the number, the better the odds. For example, odds of 1 in 10 are better than odds of 1 in 100 or 1 in 1,000. There are several major lottery games in the UK including Lotto by the National Lottery, Camelot's EuroMillions and Thunderball. Chances of winning the Lotto Lotto by the National Lottery is a game where you pick six numbers from 1 to 59. You can play up to seven lines of numbers on each slip. The game costs £2 to play per slip. The odds of winning any prize on the Lotto are 1 in 9.3. But to win the jackpot on the Lotto, the odds are considerably slimmer. To bag the top prize , you need to have six matching balls. The odds of doing this and scooping the jackpot are currently 1 in 45,057,474. The next highest prize of £1,000,000 is for getting five main matching balls plus the bonus ball. The odds of taking home the million pound prize are 1 in 7,509,579 - far higher than the jackpot, but still unlikely. The odds of taking home £1,750 for getting five main numbers without the bonus ball are 1 in 2,180, while you have a 1 in 97 chance of bagging £140 for getting four main numbers. Your chances of taking home £30 for getting 3 main numbers are much better at 1 in 97. And you have a roughly 1 in 10 chance of getting a free lucky dip for 2 matching numbers. Chances of winning the EuroMillions The EuroMillions costs £2.50 to play and is open on Tuesdays and Fridays. To play, you must pick five numbers from 1-50 and two "Lucky Stars" from 1-12. Players with the most matching numbers win the top prizes. Your chance of bagging the EuroMillions jackpot is even slimmer than winning the top Lotto prize. This is because it generally has higher jackpots on offer, meaning it attracts more attention . Currently, the odds of matching five numbers and two lucky stars - the top win - stand at 1 in 139,838,160. The average jackpot prize is £57,923,499, according to EuroMillions. The odds of winning the second top prize for matching 5 balls and a lucky star, which is typically around £262,346, are 1 in 6,991,908. The chances of taking home the third prize for five matching balls, with an average payout of £26,277, are 1 in 3,107,515. For four matching balls with two lucky stars, it's 1 in 621,503, and for four balls with one lucky star, it's 1 in 31,076. These come with an average prize of £1,489 and £95, respectively. Chances of winning the Thunderball Thunderball is another game run by National Lottery where you pick five numbers and one "Thunderball". It costs just £1 to play and you can enter up to four times a week. The jackpot of £500,000 for matching five balls plus the Thunderball is 1 in 8,060,598. Your odds of bagging the next highest prize of £5,000 for matching five balls is currently 1 in 620,046, while the chances of winning £250 for four balls plus the Thunderball is 1 in 47,416. You have the best chance of winning £3 for matching the Thunderball, with odds of 1 in 29.
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TAIPEI , Dec. 29, 2024 /PRNewswire/ -- In the rapidly evolving tech landscape, smart wearable devices enriched with artificial intelligence (AI) and augmented reality (AR) are redefining the boundaries of innovation. Leading the charge, members of the AI on Chip Industrial Cooperation Strategic Alliance, including Jorjin, Singular Wings Medical, and SoundLand, are demonstrating formidable expertise by leveraging their distinctive technological capabilities. Jorjin has made significant strides by integrating AR glasses with AI to facilitate educational training and standard operating procedure (SOP) guidance, helping workers quickly master critical skills. Additionally, the company has launched the MetaSpace AR interaction platform, which enhances visitor engagement through personalized commentary and interactive experiences at immersive exhibitions and educational settings, bringing AR closer to daily life. Singular Wings Medical is revolutionizing blood sugar monitoring with its innovative use of wearable electrocardiograms (ECG) sensors. The company's technology analyzes blood sugar changes without the need for blood sampling or skin punctures, addressing key issues of invasiveness and data discontinuity. By employing AI algorithms and extensive clinical data, the company precisely monitors blood sugar levels, offering personalized health management solutions that boost medical efficiency and cut costs. SoundLand, a pioneer in sound processing, has unveiled its latest electronic and patch-type stethoscopes designed for remote transmission of cardiopulmonary sounds. These cutting-edge devices support telemedicine and educational training, facilitating ongoing monitoring of vital signs and enhancing the convenience of patient care. Together, Jorjin, Singular Wings Medical, and SoundLand are driving industrial innovation, highlighting the vast potential of Taiwanese firms in the global AI and smart wearables market. For more information on Taiwan's premier manufacturers, please contact service@ai-on-chip-b2bmatch.org.tw View original content to download multimedia: https://www.prnewswire.com/news-releases/taiwanese-companies-lead-innovation-in-ai-powered-smart-wearables-302340029.html SOURCE AI on Chip Industrial Cooperation Strategic Alliance © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Two of Malawi Stock Exchange (MSE) listed companies, Airtel Malawi plc and Sunbird Tourism plc have projected significant profit surges for the year 2025 in a stunning display of resilience that defies a backdrop of a harsh economic environment. The news, delivered in separate unaudited trading statements released last week, shows remarkable resilience in a business environment grappling with rising inflation, which has hovered at above 30 percent for most of the year and a high policy rate currently pegged at 26 percent. In a statement seen by Business News , Airtel Malawi plc said it anticipates its profit after tax to rise by a staggering 380 percent to 409 percent, translating to a potential windfall of between K43.1 billion and K47.7 billion. This remarkable turnaround comes after a K15.4 billion loss after tax in 2023, painting a picture of a dramatic recovery and strategic triumph in the face of adversity. On its part, Sunbird Tourism, a key player in Malawi’s hospitality sector, forecasts a profit surge of 102 percent to 122 percent, aiming for a total of K10.7 billion to K11.8 billion. This impressive growth, building on the previous year’s K5.3 billion profit, signals a resurgence in tourism despite the economic headwinds that have plagued the country. These positive projections stand in stark contrast to the prevailing economic environment. Inflation, a relentless adversary for most of the year hovering at above 30 percent, has eroded purchasing power and squeezed household budgets. The central bank’s policy rate, currently at a stifling 26 percent, has made borrowing expensive, hindering investment and business expansion. Adding to the woes, persistent foreign exchange shortages have hampered imports and disrupted supply chains, thereby creating further challenges for businesses. Meanwhile, economic analysts have differ on whether this growth is sustainable in the prevailing economic environment. Market analyst Bond Mtembezeka, who is also Business Partners International Business country director for Malawi, said the performance registered by the two companies this year seems sustainable. “Airtel’s seemingly bad performance of 2023 was largely due to foreign exchange losses, otherwise the performance was equally great,” he said in a WhatsApp response. “Corporate business anchors Sunbird’s performance and corporate customers are usually price insensitive.” The analysts further noted that it would be “quite a challenge” for small and medium enterprises (SMEs), most of whom were reportedly struggling, because they have different business models and balance sheets. Said Mtembezeka: “SMEs operate withthin balance sheets and hence are very vulnerable to shocks. Further, most SMEs move with business cycles and that poses significant business risk to SMEs.” He, thus, urged the government to enforce the policies and measures it has put in place to cushion local SMEs such as the Buy Malawi Strategy. But speaking separately, Scotland-based Malawian economist Velli Nyirongo expressed doubt that the performance could be sustained or replicated in the long-term. He, however, observed that the firm’s performance appears to be a combination of structural and adaptive responses. Said Nyirongo: “Inflationary trends likely played a significant role, particularly in sectors where pricing adjustments can pass through to consumers. “However, such growth could be precarious if it relies primarily on macroeconomic distortions rather than long-term operational or market efficiencies.” On his part, Catholic University economics lecturer Derrick Thomo noted that the companies can sustain the profits in the long-term, provided they can effectively adapt to the tough economic conditions.The Asian Cricket Council (ACC) is pleased to announce that Shammi Silva, President of Sri Lanka Cricket, has officially assumed the Presidency of the ACC. Shammi brings extensive expertise to the role, having served as the Chairman of the ACC Finance & Marketing Committee for several years. As he takes the helm, Shammi expressed his gratitude and shared that: “It is a great honour to lead the Asian Cricket Council. Cricket is the heartbeat of Asia, and I look forward to working closely with all member nations to elevate the game, provide opportunities for emerging talent, and strengthen the bonds that unite us through this beautiful sport.” On behalf of the ACC, Shammi also extended heartfelt gratitude to the outgoing President, Jay Shah, for his exemplary leadership and significant contributions during his tenure. Under Shah’s stewardship, the ACC achieved remarkable milestones, including the successfully achieving highest value for its commercial rights of ACC Asia Cup tournaments for 2024–31, the introduction of a new pathway events structure, and the continued development and growth of cricket across its member nations. Shammi assumes the presidency at a pivotal time for Asian cricket. He is expected to prioritize grassroots development and support emerging cricketing nations to excel on the global stage.Sumeet Bagadia, Executive Director at Choice Broking, believes that PSU bank stocks such as and (SBI) may stage a recovery, while private lender ICICI Bank may do well, in case Nifty Bank shows positive momentum this week. He noted that Nifty Bank on the weekly chart sent sideways to bearish signals, as the index struggled to sustain higher levels, indicating a potential trend reversal. It formed a small-bodied bullish candle this past week with a higher wick, highlighting indecision in the market and selling pressure at elevated levels. This pattern underscores weakening bullish sentiment, suggesting a strong likelihood of continued bearish pressure in the upcoming sessions, Bagadia said. "A 'sell on rise' strategy is recommended as long as the index remains below 52,000, with downside targets at 50,700 and 50,200," he said. For the week, Nifty Bank closed at 51,311.30, up 1.09 per cent. On the weekly timeframe, Nifty Bank has closed below its short-term (20-day) Exponential Moving Average (EMA), which could lead to further downside testing at the medium-term (50-day) EMA, the expert said. "The Relative Strength Index (RSI) stands at 50.33, reflecting a recent decline and signaling weakening momentum. The index may encounter significant resistance in the 51,500–51,800 range. If Bank Nifty rises, ICICI Bank from the private banking sector is likely to perform well, while Canara and SBI from the public sector may show potential for a reversal from lower levels," Bagadia said. For the ongoing expiry, Put options showed the highest concentration near the 51,000 and 50,500 strikes, indicating potential support levels. Conversely, Call strikes at 51,500 and 52,000 have significant open interest, marking potential resistance and suggesting a trading range of 50,500–52,000 for the week. Bagadia advised traders to exercise caution, maintain strict stop-loss levels, and avoid overnight long positions to manage risks amid market volatility.
Judge weighs whether to order Fani Willis to comply with lawmakers’ subpoenas over Trump case— Court Rules in Favor of Heron in Patent Lawsuit Against Fresenius Kabi USA , LLC — SAN DIEGO , Dec. 3, 2024 /PRNewswire/ -- Heron Therapeutics, Inc. (Nasdaq: HRTX) ("Heron" or the "Company"), a commercial-stage biotechnology company, today announced that the U.S. District Court for the District of Delaware ruled in Heron's favor in the Company's patent litigation against Fresenius Kabi USA , LLC with respect to CINVANTI® (aprepitant) injectable emulsion. The district court found that Heron's U.S. Patent Nos. 9,561,229 and 9,974,794, which expire in 2035, are valid and would be infringed by Fresenius' proposed generic product. The district court decision concludes the litigation initiated in July 2022 in response to Fresenius' submission of an Abbreviated New Drug Application with the U.S. Food and Drug Administration seeking approval of a generic version of CINVANTI®. As a result of the decision, Heron will seek an order from the Court prohibiting Fresenius from launching its generic CINVANTI® until after the expiration of the patents in 2035. This decision is subject to appeal. "We are pleased with this anticipated result of the proceeding and will continue to vigorously defend the CINVANTI® patent estate in the future," said Craig Collard, Chief Executive Officer of Heron. "The team at Heron takes great pride in the result of our successful history of developing injectable products, which is demonstrated by the strength of our intellectual property and the performance of our innovative drugs like CINVANTI® in serving patients with serious unmet needs." About Heron Therapeutics, Inc. Heron Therapeutics, Inc. is a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutic innovations that improve medical care. Our advanced science, patented technologies, and innovative approach to drug discovery and development have allowed us to create and commercialize a portfolio of products that aim to advance the standard-of-care for acute care and oncology patients. For more information, visit www.herontx.com . Forward-looking Statements This news release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Heron cautions readers that forward-looking statements are based on management's expectations and assumptions as of the date of this news release and are subject to certain risks and uncertainties that could cause actual results to differ materially. Therefore, you should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption "Risk Factors." Forward-looking statements reflect our analysis only on their stated date, and Heron takes no obligation to update or revise these statements except as may be required by law. Investor Relations and Media Contact: Ira Duarte Executive Vice President, Chief Financial Officer Heron Therapeutics, Inc. iduarte@herontx.com 858-251-4400 View original content to download multimedia: https://www.prnewswire.com/news-releases/us-district-court-upholds-validity-of-cinvanti-patents-302321651.html SOURCE Heron Therapeutics, Inc.None
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How does SLKOR achieve rapid growth without overtime work?