Aequus Pharmaceuticals, Inc.

BOUCHERVILLE, Québec, June 28, 2024 (GLOBE NEWSWIRE) -- LSL PHARMA GROUP INC. (TSXV: LSL, LSL.DB) (“the Company” or “LSL Pharma”), a Canadian integrated pharmaceutical company, is pleased to announce the results of its annual and special meeting of shareholders held today in Montréal, Québec (the “Meeting”). The shareholders approved, by a majority of votes, resolutions to elect each of the following directors: Diane Beaudry Frank J. DellaFera Stuart W. Fowler Pierre Lafrenière Mario Paradis François Roberge Joseph Soccodato In addition, the shareholders of the Company, by a majority of votes, proceeded with the appointment of KPMG LLP as auditors of the Corporation, authorized the directors to fix their remuneration and approved the 10% rolling stock option plan of the Corporation. Mr. François Roberge, Chairman of the Board, commented: “It is my pleasure to welcome Mr. Soccodato and Mr. Fowler on our Board of Directors. Their extensive board experience and valuable industry-specific knowledge make them key contributors to assist LSL Pharma Group in implementing its growth initiatives.” NEW DIRECTORS Stuart W. Fowler. Mr. Fowler has over 25 years of experience in the Health Sciences space in North America. He began his career with Allergan in 1993 in sales within their Eye Care division. Over the next 23 years he held numerous roles with increased responsibility in sales, marketing and management. In his previous executive roles, Mr. Fowler led two of Canada’s largest ophthalmic pharmaceutical and medical device organizations. He is the past President and General Manager of Allergan Canada (AbbVie) from 2010 until his departure in 2015. He is also past-President and General Manager for Alcon Canada from 2016 to 2020. Mr. Fowler is the Co-Founder and President of the Aesthetic Medicine Network Inc. AMNI is Canada’s largest group of independently owned and operated aesthetically oriented physicians; leading initiatives in group purchasing, medical education and market development. Mr. Fowler has also served as director of Aequus Pharmaceuticals Inc. from February 2020 to March 2023 and Valeo Pharma Inc. from April 2023 to February 2024. Mr. Fowler received a Bachelor of Arts with Specialization in International Relations, majoring in Economics and Political Science from the University of Alberta in 1989. He has also attended numerous graduate business programs, receiving certification in Executive Leadership from the Marshall School of Business at the University of Southern California. Joseph Soccodato. Mr. Soccodato earned a BS in Accounting, cum laude, from Long Island University. He is a Certified Public Accountant and has working proficiency in Italian. He has 30 years of experience in managing and improving international companies, critical departments, and worldwide operating divisions. He is currently the Chief Financial Officer of Jacent, the industry leader in strategic impulse merchandising solutions and premier clip strip partner to some of the largest retailers in the United States and Canada. Mr. Soccodato also worked for some of the world’s largest accounting firms, as well as serving as the Chief Financial Officer for one of the fastest growing, specialty grocery chains. He also was the global Chief Financial/Operating/Restructuring Officer for an international manufacturer, distributor, and retailer of consumer products with annual revenue exceeding $400 million. Mr. Soccodato brings extensive experience leading public, privately held, and private equity backed enterprises in areas such as accounting, treasury, budgeting, M&A, operations, and risk management. He has successfully managed all aspects of business transformations, large and small acquisitions, as well as potential exit strategies such as a sale to a strategic competitor, private equity firm, or a public offering. ABOUTLSLPHARMAGROUPINC. LSL Pharma Group Inc. is an integrated Canadian pharmaceutical company specializing in the development, manufacturing, and commercialization of high-quality sterile ophthalmic pharmaceuticals, as well as natural health products in solid and liquid dosage forms. For further information, please visit the following website . Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT François Roberge President and Chief Executive Officer (514) 664-7700 Investors@groupelslpharma.com OR Luc Mainville Executive VP & Chief Financial Officer (514) 664-7700 #301 lmainville@groupelslpharma.com

DUBLIN--( BUSINESS WIRE )--The "Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023" report has been added to ResearchAndMarkets.com's offering. The Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 report provides comprehensive understanding and unprecedented access to the joint venture deals and agreements entered into by the worlds leading life science companies. This report provides details of the latest joint venture agreements announced in the pharmaceutical, biotechnology and diagnostic sectors. Fully up to date, the report provides details of joint venture agreements from 2016. There is an increasing willingness for parties to enter joint venture deals; such deals enable both parties to benefit from the upside of a big product win, whereas traditional licensing deals forfeit upside for near term upfront, milestone and royalty payments. Joint venture partnering allow the parties to securitize value and reduce risk, but keep a part of the potential upside should the product reach the market. Event if the licensor does not commercialize the project they can either sell those rights to the licensee partner or another partner for an amount higher than would have been achieved at an earlier stage licensing deal. Another reason for joint venture deals is the joint origin of a project. Drug development projects often require various scientific and technological novelties that stem from different companies. If both companies contributed to the origination of the project, then both have from the beginning a stake in the project. The report provides a detailed understanding and analysis of how and why companies enter joint venture deals. Understanding the flexibility of a prospective partner's negotiated deals terms provides critical insight into the negotiation process in terms of what you can expect to achieve during the negotiation of terms. Whilst many smaller companies will be seeking details of the payments clauses, the devil is in the detail in terms of how payments are triggered - contract documents provide this insight where press releases and databases do not. This report contains a comprehensive listing of all joint venture deals announced since 2016 as recorded in the Current Agreements deals and alliances database, including financial terms where available, plus links to online copies of actual joint venture contract documents as submitted to the Securities Exchange Commission by companies and their partners. Contract documents provide the answers to numerous questions about a prospective partner's flexibility on a wide range of important issues, many of which will have a significant impact on each party's ability to derive value from the deal. The initial chapters of this report provide an orientation of joint venture dealmaking and business activities. Chapter 1 provides an introduction to the report, whilst chapter 2 provides an analysis of the trends in joint venture as well as a discussion on the merits of the type of deal. Chapter 3 provides an overview of the structure of joint venture deals. The chapter includes numerous case studies to enable understanding of joint venture deals. Chapter 4 provides a review of the leading Joint venture deals since 2016. Deals are listed by headline value. Where the deal has an agreement contract published at the SEC a link provides online access to the contract via the Current Agreements deals and alliances database. Chapter 5 provides a comprehensive listing of the top 25 most active Joint venture dealmaker companies. Each deal title links via Current Agreements deals and alliances database to an online version of the full deal record, and where available, the actual contract document, providing easy access to each deal record on demand. Chapter 6 provides a comprehensive and detailed review of Joint venture deals organized by company A-Z, therapy, technology and industry type signed and announced since 2016 where a contract document is available. Contract documents provide an indepth insight into the actual deal terms agreed between the parties with respect to the Joint venture deal. The appendices to the report includes a comprehensive listing of all Joint venture deals announced since 2016. Each listing is organized as an appendix by company A-Z, stage of development at signing, therapeutic area and industry type. Each deal title links via hyperlink to an online version of the deal record including, where available, the actual contract document. The report also includes numerous table and figures that illustrate the trends and activities in Joint venture dealmaking since 2016. In conclusion, this report provides everything a prospective dealmaker needs to know about Joint venture alliances. Key benefits Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 provides the reader with the following key benefits: In-depth understanding of joint venture partnering deal trends since 2016, with real life case studies Comprehensive listing of all joint venture deals since 2016, together with deal terms, value and press release Comprehensive access to actual joint venture contracts entered into by the world's life science companies Insight into the terms included in a joint venture agreement, together with real world clause examples Understand the key deal terms companies have agreed in previous deals Undertake due diligence to assess suitability of your proposed deal terms for partner companies Report scope Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 is intended to provide the reader with an in-depth understanding of the joint venture trends and structure of deals entered into by leading life science companies worldwide. Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 includes: Trends in joint venture dealmaking in the biopharma industry since 2016 Case studies of real-life joint venture deals Comprehensive listing of joint venture deals since 2016 Access to joint venture contract documents The leading joint venture deals by value since 2016 Most active joint venture dealmakers since 2016 The leading joint venture partnering resources In Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 available deals and contracts are listed by: Company A-Z Headline value Therapeutic area Technology type Each deal title links via Weblink to an online version of the actual deal record and where available, contract document, providing easy access to each contract document on demand. The Global Joint Venture Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2016-2023 report provides comprehensive access to available contract documents for joint venture deals. Companies Mentioned 3SBio 1717 Life Science Ventures A*STAR Agency for Science Technology and Research A*STAR Institute of Microelectronics (IME) A*STAR' Institute of Molecular and Cell Biology A2A Pharmaceuticals AAP Implantate AG Abbott Laboratories Abbvie Abilita Bio ABIVAX Abzena Accellix Accuray Acnos Pharma Adept Neuro Adisseo Advanced Prenatal Therapeutics Advanced Technologies Solutions Aequus Pharmaceuticals Agilis Biotherapeutics AgonOx AirWare Labs Aitbiotech Akers Biosciences AKESOgen Aleafia Health Aleva Neurotherapeutics Allied-Bristol Life Sciences Allied Minds Ally Bridge Group Altus Formulation Alzheimer's Association Alzheimer's Research UK Amarantus BioSciences Amendia American Diabetes Association AmerisourceBergen Amunix Amyris AnaBios Anokion Antitope Antoxerene Apax Partners Aphria Arbele Arbutus ARCH Personalized Medicine Initiative Aridis Pharmaceuticals Aruvant Sciences Arvinas Ascendance Biotechnology Ascendis Pharma Asklepios Biopharmaceutical Aslan Pharma Astellas Pharma AstraZeneca ATAI Life Sciences Athenex ATL Technology Atomwise Atrapos Therapeutics Atropos Therapeutics Auramedi Farmaceutica Autobio Diagnostics AUT Roche Diagnostics Laboratory AUT University Auxly Cannabis Group Avacta Avactis Biosciences Avalon GloboCare Avivagen Avvinity Therapeutics Axis Therapeutics Bain Capital Baxter International Bayer Baylor College of Medicine Baylor Miraca Genetics Laboratories B Braun B Braun CeGaT Beckley Canopy Therapeutics Beckley Foundation Becton Dickinson BeiGene Beijing Genomics Institute (BGI) Beijing Leadman Biochemistry Berry Genomics Betaliq BevCanna BGI Tech Solutions BHB Therapeutics Bill and Melinda Gates Foundation Bio-Techne BioAmber Biodist Biodyne USA BioFields Biogen Biohealth Innovation BioHeart BioLife Solutions BioLight BiolineRX biologistex CCM BioMed X Innovation Center Biomerics BioMotiv BioPharma Services Blackstone Blockshine Technology Bloomage BioTechnology Bloom Burton BLP Management Blueberries Medical Boehringer Ingelheim Breakthrough Diagnostics Brigham and Women's Hospital Bristol-Myers Squibb Broad Institute Buchang Pharmaceutical Buck Institute for Age Research Bukwang Pharmaceuticals Button Capital Calysta Energy Cancer Research Technology Cannabics Pharmaceuticals Cannabis Biocare Cannabis Therapeutics CannAmerica Brands CannaRoyalty Canopy Health Innovations Capna Intellectual Capnia Cardio3 Biosciences Asia Holdings Casebia Therapeutics Catapult Therapy TCR CB2 Therapeutics CBDerma Technology CBDistribution Cedar Gate Technologies CeGaT Cell Therapy Catapult Celyad Centauri Therapeutics Centene Center for Genetic Engineering and Biotechnology (Cuba) Centre for Commercialization of Regenerative Medicine (CCRM) Centro de Inmunolgia Molecular Cerevel Therapeutics Cesca Therapeutics Chan Soon-Shiong Institute of Molecular Medicine ChemAxon Children's Medical Research Institute Chimera Biotec China-Israel Biological Technology China-Singapore Guangzhou Knowledge City China Isotope And Radiation Chinese Academy of Science Chinese Future Industry Investment Fund Chongqing PSK-Health Sci-tech Development Cincinnati Children's Hospital Medical Center City of Hope CJ CheilJedang ClearPath Cloaked Therapeutics Co-Diagnostics Cohen Veterans Bioscience Cold Spring Harbor Colibri Heart Valve Collagen Solutions Plc Columbus Venture Partners Concentrics Research Consortium AI Corestone Biosciences Cornerstone Animal Health Corning Covenant Animal Health Partners Cre8ive CRISPR Therapeutics CureCell Cyclica CytoBioscience Cytotheryx Cytovant Sciences Daewoong Pharmaceutical Dance Biopharm Dasman Diabetes Institute David Snow Deerfield Management DemeRx Demetra Denka Denka-KEW Genomics DepYmed DIAN Diagnostics Diavax Biosciences Dixi Dizal Pharmaceutical DolCas-Tenshi Bioceuticals DolCas Biotech Dona Blanca Dongbao Dr. Walter Bell Duke-NUS Graduate Medical School Singapore Eastar Industries Eastern Capital Easton Pharmaceuticals eCardio Diagnostics Eddingpharm Eden BioCell Elanix Biotechnologies Elevar Therapeutics Eli Lilly EMD Millipore EMD Serono Emergence Therapeutics EmoCellix Emory University Emosis Enigma Diagnostics Enova Illumination Entheogenix Biosciences ERS Genomics Evotec ExCellThera Exemplar Genetics Facebook Faes Farma Faxian Therapeutics Fedecore Fedora Pharmaceuticals FerGene Ferring Pharmaceuticals FJ Pharma Flexpoint Ford Flow Pharma Fonterra Food and Drug Administration (FDA) FORMA Therapeutics Fortress Biotech Fosun Pharmaceutical FoxBio Fox Chase Cancer Center Fraunhofer Institute for Microelectronic Circuits and Systems Frazier Healthcare Ventures Fresenius Kabi Pharmaceuticals Frontage Laboratories FSD Pharma Futura Medical Fuzionaire Diagnostics Fuzionaire Radioisotope Technologies G-treeBNT Galectin Sciences Galectin Therapeutics Galvani Bioelectronics Gauss Surgical Genentech Gene Therapy Research Institution Genetic Technologies Genevant Sciences Genome Institute of Singapore Genomix Scientific Gentag GeoVax German Research Center for Artificial Intelligence Gerresheimer GHO Capital Ginkgo BioWorks GlaxoSmithKline For more information about this report visit https://www.researchandmarkets.com/r/laae8e About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. 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Biotechnology startups are under pressure. After years of plentiful funding, few young drug companies are going public, and those that do are struggling to hold onto their value in a market downturn that's forcing biotech executives and their venture backers to adjust.One notable outlier is Belite Bio, an under-the-radar biotech incorporated in the Cayman Islands and controlled by a Taiwanese drug company. Since Belite raised $36 million via a small initial public offering in April, shares in the company have soared by almost 500% in value the best performance of any biotech to go public in the U.S. over the past two years that still remains independent.The share price jump means Belite is now valued at $835 million, more than better-known drugmakers like Agenus and Sangamo Therapeutics and Century Therapeutics. Its market capitalization is almost two-thirds that of Verve Therapeutics, the buzzy gene editing company.As with most new drug companies, Belite's medicines are experimental and unproven. But it's further along than many newly public biotechs, with an eye disease treatment in late-stage clinical testing an advantage Belite's CFO Hao-Yuan Chuang said has helped its market debut. By comparison, two-thirds of biotechs that went public over the last two years had drugs either in preclinical or Phase 1 trials.We wouldnt choose to go for an IPO unless we had good clinical trial data,“ said Chuang.Belites lead drug candidate, dubbed LBS-008, was first studied at Columbia University over a decade ago. An oral medicine, LBS-008 is designed to reduce accumulation of toxic vitamin A byproducts in the eye. Belite thinks it could treat Stargardt disease, a genetic disorder that causes progressive vision loss, as well as the more common dry age-related macular degeneration, or AMD.The drug was included in a National Institutes of Health program aimed at providing funding for certain medicines, and was put up for bid in 2016. Belite CEO Tom Lin bid on the drug and convinced Columbia he could prove it first in Stargardt disease, and then test it further in dry AMD as well.At the time Lin was the CEO of Lin BioScience, a Taiwan-listed drugmaker he founded. As the Taiwanese market differs from the U.S., Lin decided to form Belite and incorporate it in the Cayman Islands in 2018. According to Chuang, Belite chose the Cayman Islands because incorporating there gives more flexibility in terms of adapting listing rule requirements from different stock exchanges.Lin BioScience remains Belites controlling shareholder through a wholly owned holding company and was willing to invest in the IPO with the same terms with other investors, Chuang said.The IPO was also a way to draw attention to Belites pipeline. No treatments currently exist for either Stargardt or the dry form of AMD, and Belites medicine is one of a handful being advanced for the conditions.If we kept this pipeline only [listed in] Taiwan, first I think the question people will ask is what is the target disease? Chuang said. Because [they] probably have not heard about it. But in the Nasdaq market, you have several companies working on that as well. Chuang says that, due to the competition, investors can better assess the companys data.Apellis Pharmaceuticals and Iveric Bio are both developing treatments for geographic atrophy, an advanced form of dry AMD, while Iveric is also testing its lead drug in Stargardt disease. The Food and Drug Administration is currently reviewing Apellis treatment for geographic atrophy. Iverics prospect is in late-stage trials.Other biotechs, such as Aequus Pharmaceuticals and reVision Therapeutics, are also working on treatments for Stargardt.So far, testing has found Belites drug to have mild side effects. Data from a Phase 2 trial showed eight of 13 patients gained visual acuity in one eye, two of whom had improvements in their other eye as well. According to Chuang, only Belite has so far been able to show this kind of improvement for Stargardt disease.Chuang says Belite remains focused on Stargardt and dry AMD to ensure it has enough cash on hand to reach its next milestones.The company expects to begin a Phase 3 trial later this year for LBS-008, and is ready to raise more funds for a second Phase 3 trial in dry AMD if needed, according to Chuang.Belites shares are currently about $34 each, nearly six times the $6 they were priced at in April. '