Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”) powered or enabled customer engagement solutions in China, today announced its entry into a service contract with a subsidiary of a globally well-recognized Fortune 500 retail and consumer product company. According to the update, the new client is a renowned leader in retail and consumer products, with operations in more than 80 countries around the world. Under the contract, the client will leverage Infobird’s intelligent quality inspection to comprehensively upgrade its customer service system in China and bring the ultimate consumer experience to users by creating professional, caring and convenient integrated services. The cooperation represents another major breakthrough in IFBD’s market development strategy, demonstrating Infobird’s successful expansion into the market of retail and consumer product companies.
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered or enabled customer engagement solutions. For more information about the company, visit www.Infobird.com.
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Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that it has pledged $25 million to support minority and underserved communities, driven by the company’s continued environmental, social and governance (“ESG”) commitment. “Enabling financial empowerment has been the common thread for all businesses under Ideanomics Capital,” said Alf Poor, CEO of Ideanomics. “We are excited to join a network of progressive supporters of the MDI Keepers Fund. This is a proactive investment we are putting into communities that require the most disruption and transformation. We believe this fund will allow us to continue supporting diversity in our subsidiary businesses while maximizing the impact to these communities.”
In addition, Ideanomics has completed its acquisition of privately held US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleet applications. Material details of the terms are disclosed in the company’s related 8-K filing. The completed acquisition marks another critical milestone in Ideanomics’ mission to reduce commercial fleet greenhouse gas emissions through forward-thinking partnerships and advanced electronic vehicle (“EV”) technologies. Roth Capital Partners LLC acted as financial advisor for the offering.
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under an innovative sales-to-financing-to-charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and shareholders with the opportunity to participate in high-potential growth industries. For more information, visit www.Ideanomics.com.
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Tuesday, August 3rd, 2021UncategorizedComments Off on $IDEX Pledges $25M to Support Minority and Underserved Communities, Closes Acquisition of US Hybrid
FingerMotion (OTCQX: FNGR), a mobile data and services company, announced that the OTC Markets Group informed the company that it had become aware of promotional activities in the United States regarding shares of FNGR’s common stock. OTC Markets requested FingerMotion comment on the activity. In the announcement, FingerMotion observed that the company was made aware of promotional activity encouraging investors to purchase FNGR stock the same day — July 28, 2021 — that OTC Markets had contacted the company. In response, and on the same day, FingerMotion released a press release regarding its application to have its common stock listed on the Nasdaq Capital Market. The company noted that certain promotional materials in the form of a newsletter had been prepared and distributed by parties the company was unaware of; FingerMotion was not involved in the activity and had no control over the newsletter content. According to the announcement, the company noted that it does not believe any information contained in the promotional materials was false or misleading. “However, it is possible that certain excerpts might be read as misleading and/or incomplete, and readers should not place undue reliance on the promotional materials,” the press release stated. “The company is not able to comment on information about the industry or the market as we cannot determine the accuracy or legitimacy of the sources. Specifically, the company does not condone the use of sensational language to describe the company’s business prospects or the growth potential of the company’s industry. The company notes that investing in the company’s securities involves certain risks and uncertainties which investors should review prior to making any investment decision.”
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. FingerMotion is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.
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Recently published research shows that the use of cannabis is not independently linked to a loss of motivation among adolescents. The study was conducted over a two-year period by a team of researchers associated with the Florida International University. Study results were published in the Journal of the “International Neuropsychological Society.”
The study’s authors note that a decrease in motivation is commonly mentioned as a consequence of marijuana. However, prior studies have largely centered on adults and have yielded different results. For their study, the researchers recruited more than 400 subjects aged between 14 and 17. Each subject had to complete a quintet of biannual assessments during the study.
The investigators evaluated the motivation of each participant by using two self-reported questionnaires: the Motivation and Engagement Scale and the Apathy Evaluation Scale, which comprise of subscales that measure the value, self-effectiveness, planning, persistence and disengagement that the subjects place on school. In addition, the investigators asked every participant about their use of tobacco, cannabis and alcohol during each evaluation and conducted an analysis of the data to model patterns of motivation and the use of marijuana over time.
The study’s raw results show that the use of marijuana grew considerably, as did the lack of engagement and motivation. The greater use of marijuana was linked to less valuing of school, lower planning and more disengagement. It should be noted, however, that once the data was controlled for variables including the effects of other factors such as depression, sex and age, as well as the participants’ reported use of tobacco and alcohol, the team discovered little evidence that the use of marijuana had an effect on motivation.
In their report, the study’s authors stated that their findings didn’t support a relationship between a decline in motivation and the use of marijuana over time. The researchers also noted that the study didn’t show a loss of motivation over time, even when respondents reported a considerable increase in the use of marijuana.
The researchers explained that the change in the use of marijuana didn’t forecast changes in motivation, despite the increase in the levels of marijuana use, which proposes that the use of marijuana may not cause a decline in motivation over time. The researchers also noted that future study will continue to examine these links longitudinally in order to determine if heavier levels of marijuana use leads to a decrease in motivation.
In a press release, NORML deputy director Paul Armentano stated that these findings served to destroy outdated stereotypes about marijuana.
It looks like the cannabis industry, including players such as Flora Growth Corp. (NASDAQ: FLGC) have one less myth to contend with, thanks to the research done by the Florida International University team.
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A new study suggests that the general public’s perception of the possible harms of psilocybin mushrooms doesn’t align with drug laws. The study found that magic mushrooms were considered to be less dangerous in comparison with tobacco, alcohol and other substances. The study was published in the “Journal of Psychopharmacology.”
The study’s author, professor Carl Roberts from the department of psychology at the University of Liverpool, stated that he was greatly interested in how substances affected an individual’s behavior as well as their brain. He explained that he had been following research on the therapeutic potential of psychedelic substances such as psilocybin, adding that he knew that the data on the actual harm of the use of psilocybin mushrooms proposed that the substance’s abuse potential and toxicity was low. However, he continued, the substance was still classified as a Schedule 1 drug in the United States, which suggests that it is just as harmful as cocaine and heroin.
Roberts revealed that his interest in finding out the general public’s perception of harms around psilocybin mushrooms and whether they aligned with scientific evidence or the government’s legal classifications is what led to the study being conducted.
For their research, the researchers recruited more than 150 participants from different social media pages and websites that provide information on recreational drug use. Roughly 20% of them came from the United States while about one-half of the remaining number were from the United Kingdom. The remainder were from other countries in the European Union.
The researchers discovered that most participants considered psilocybin mushrooms to be relatively safe, in comparison with the other substances. This is despite the fact that psilocybin mushrooms are classified as a Class A substance in the U.K. and a Schedule I substance in the U.S.
The participants who had never used psilocybin listed it as the second-least dangerous substance while those who had used these mushrooms prior to the study listed it as the least dangerous substance from the list. The non-users listed marijuana as the least dangerous substance. Roberts explained that their findings proposed that the general perception of psilocybin mushroom harm aligned with scientific data on their toxicity and abuse potential as well as the relative harms of magic mushrooms that are scientifically recognized.
He notes though that the study had some limitations, including the potential of selection bias as it was an online survey style study.
That notwithstanding, the positive public perception of psilocybin means that when companies such as Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) bring to market medicines or products relating to psilocybin, the public reception is likely to be warm from the get-go.
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Shares of The Alkaline Water Company Inc. (NASDAQ:WTER) traded today at $2.17, eclipsing its 52-week high. This new high was reached on below average trading volume as 608,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
Alkaline Water Co Inc is engaged in the business of distributing and marketing bottled alkaline water for retail consumers in different sizes. The firm sells its product in 500ml, 700ml, 1-liter, 1.5-liter 3-liter, and 1-gallon sizes. Its only operating geographical segment being the United States of America. The company sells its product to convenience stores, natural food products stores, large ethnic markets, and national retailers.
In the past 52 weeks, shares of The Alkaline Water Company Inc. have traded between a low of $0.93 and a high of $2.17 and is now at $2.14, which is 130% above that low price.
The Alkaline Water Company Inc. (NASDAQ:WTER) defies analysts with a current price ($2.14) 8.6% above its average consensus price target of $1.96.
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Monday, August 2nd, 2021UncategorizedComments Off on $WTER Rise to a New 52-Week High
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has reported second-quarter financial results for the period ended June 30, 2021. Noteable numbers include the announcement that UUUU has $98.8 million — $79.4 million in cash and marketable securities and $29.2 million in inventory — working capital and that the company saw a net loss of $10.8 million, which included a non-cash, mark-to-market increase in warrant liabilities of $3.6 million resulting from a significant increase in the company’s share price. The report also noted that Energy Fuels is ready to provide uranium for the proposed U.S. Uranium Reserve once it is established by the U.S. government as well as for markets around the world. The company reported that it has begun ramping up to commercial-scale production of a mixed rare earth element (“REE”), actually delivering RE carbonate to a European separation facility last month. UUUU has also entered into a definitive agreement to sell a package of Energy Fuels’ non-core conventional uranium projects and has entered into a strategic alliance agreement to evaluate the recovery of thorium and potentially radium from the company’s RE carbonate and uranium process streams. The company will be hosting a results webcast on Aug. 3, 2021, at 4 p.m. ET to discuss its Q2 2021 financial results as well as its rare earth production and other corporate initiatives. Interested individuals can dial 1-888-664-6392 (toll free in the United States and Canada) to participate on the call. A recording of the call will also be available on the company website until Aug. 27, 2021. “The outlook for uranium also continues to improve, vanadium markets are strengthening and REE prices continue to exhibit strength,” said Energy Fuels president and CEO Mark S. Chalmers in the press release. “With three fully licensed uranium processing centers — the White Mesa Mill and the Nichols Ranch and Alta Mesa in situ recovery facilities — the largest NI 43-101 resource portfolio among U.S. uranium producers, and almost 700,000 pounds of U.S.-produced U3O8in inventory, the company remains well-positioned to benefit from a strengthening uranium market and the proposed U.S. Uranium Reserve once it is established by the U.S. government. But what I find most exciting about all this is that not only do we have excellent optionality and exposure to improved uranium markets, we are also leveraging our existing uranium assets to give the company and our shareholders exposure to vanadium, REEs and potentially medical isotope markets, all as complements to our primary uranium business. Each of these complementary businesses could develop into a significant business for the company in its own right and bodes well for our quickly developing ‘Critical Minerals Hub’ in the U.S.”
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 (“U3O8”)to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE carbonate. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of more than 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101-compliant uranium resource portfolios in the United States and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.
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SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, today announced its plans to host a conference call to discuss its Q2 2021 results. According to the update, SRAX’s CEO and Founder Christopher Miglino and CFO Michael Malone will provide an operational and financial summary of Q2 2021 on a video call, with a live question-and-answer session, at 4:30 p.m. ET / 1:30 p.m. PT on Monday, August 16, 2021. Interested parties should visit https://ibn.fm/CLYIh to register for the live webcast and view the presentation. Attendees can access the conference by phone by dialing +1 346-248-7799 and entering meeting ID: 93255970733 and passcode: 163778. The webcast will be available on www.SRAX.com for at least 90 days.
SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, visit www.SRAX.com and www.MySequire.com.
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Despite its youth and immaturity, America’s state-legal cannabis industry has been dubbed one of the fastest-growing sectors in the country. The sector has generated billions of dollars in revenue for businesses and provided jobs for hundreds of thousands of people. In addition, projections have the space pulling in $43 billion by 2025. Cannabis is a high-risk industry and potentially a high-reward industry, especially for companies that can weather the risks, and many businesses are looking to throw their hats into the ring.
Michigan, for instance, legalized recreational cannabis only one and a half years ago, and its large population coupled with favorable cannabis policies make it an increasingly attractive market. Since last April, Michigan’s recreational cannabis sales have exceeded $100 million, and cannabis sales are expected to surpass $1.2 billion this year. According to projections by the 2021 MJBizFactbook, recreational sales in Michigan are set to quadruple from around $500 million in 2020 to roughly $2 billion–$2.5 billion in 2025.
Presently, Michigan has an estimated 200 recreational cannabis stores, putting it at one dispensary for every 34,000 residents. According to Frank Colombo, the director of data analytics for Viridian Capital Advisors, the state has little market penetration and is still in a “process of consolidation.” As such, interested cannabis companies can pitch tent in Michigan’s recreational cannabis sector with relatively little competition, at least for the moment. In fact, a report that was recently released by the New York-based Cowen Group states that Michigan is home to one of the biggest cannabis markets in the country.
The state’s cannabis policies make its cannabis space enticing to businesses in the cannabis space. For starters, Michigan currently has unlimited licensing on a statewide basis, which has led to lower acquisition prices compared to states such as Illinois. This allows established businesses as well as new entrants to acquire other cannabis operators without having to break the bank. On the municipal level, however, the state has seen several municipalities opt out of launching legal markets. While more municipalities are expected to opt in over time, probably with licensing caps, limiting licenses will allow existing businesses to retain their market share and profitability for longer without having to contend with competition.
Thanks to an uptick in cultivation facilities, there are fewer cannabis flower shortages, and flower is more affordable than it was when Michigan first launched its recreational industry. Beginning Oct. 1, 2021, the state will also reduce its licensing fees from $25,000 to $7,500, which, coupled with cheaper cannabis flower, will reduce operational costs.
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A mandate from the Centers for Medicare and Medicaid Services directed that from Jan. 1, 2021, all hospitals in the United States provide pricing information online about their services and items. The objective of this mandate is to help inform patients about the cost of procedures and services before they receive them.
Researchers from Brigham and Women’s Hospital and Massachusetts Eye and Ear used this data to examine price variation and transparency for thyroid cancer treatment. They discovered that both price and transparency differed greatly, with the costs of various services having huge variations and only one-half of the cancer centers included in the study revealing negotiated prices.
The study’s results were reported in the “JAMA Network” journal.
Roy Xiao, an otolaryngology-head and neck surgery resident at the institution and the study’s corresponding author, stated that revealing negotiated prices was crucial in assisting patients in estimating the cost of care before treatment was administered. Xiao added that while the researchers expected some degree of variation based on prior research, the range they observed was astonishing.
The study centered on thyroid cancer because the treatment of this particular cancer is known to impose huge financial burdens on patients. Rates of bankruptcy are the highest for patients with thyroid cancer, in comparison to other patients who suffer from other types of cancer. The scientists distinguished price variation and availability for thyroid care in more than 50 NCI-designated centers (National Cancer Institute) in their study. Of this number, half revealed commercial payer-negotiated prices for any services or items.
The researchers observed extensive differences across centers, even after they normalized factors that affect the cost of delivery of care, disclosing that there was a 44-fold variation in the neck-computed tomography costs and a 70-fold variation in radioactive iodine treatment costs. They added that, on average, procedures such as a thyroid uptake scan and a fine needle aspirate biopsy differed by roughly 5-fold among the centers.
The researchers note that while the Centers for Medicare and Medicaid Services requires hospitals to reveal negotiated rates for physicians employed by the institution, physicians who practice at these hospitals are usually employed by associate physician organizations, which may explain why many centers don’t disclose surgeon professional fees for thyroid surgery. They also observe that their research was carried out shortly after these price-transparency requirements were implemented, which means that transparency and disclosure rates may increase as more centers comply with the mandate. The study’s senior author, Rosh K.V. Sethi, asserts that price transparency will help both physicians and patients understand differences in cost.
The disparities in the costs incurred by thyroid cancer patients make a strong case for personalizing treatment modalities in the way that is exemplified by what companies such as Predictive Oncology (NASDAQ: POAI) are doing since a customized protocol stands a higher chance of improving patient outcomes, thereby lowering costs incurred in the long term.
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Lexaria just completed dosing for its second human clinical study, HYPER-H21-2
The study sought to understand the human response to Lexaria’s DehydraTECH 2.0-enabled CBD
The company also announced that its DehydraTECH-enabled consumer products are available for purchase in over 7,000 stores across the United States
Lexaria also expanded its intellectual property portfolio with the allowance of its second patent in Japan
It also received US$3,817,643 from warrant exercises, proceeds from which will be used to advance the company’s research and development program and for its general corporate purposes
Lexaria Bioscience (NASDAQ: LEXX) has been making incredible strides in 2021 as it works towards achieving its business plan objectives. At the beginning of the year, the company set out to conduct three human clinical studies, two of which are underway at the time of this article. Its most recent human clinical study, HYPER-H21-2, dosing was completed in July 2021 and was designed to understand better the human response to Lexaria’s DehydraTECH 2.0-enabled CBD (https://cnw.fm/Tzr2W). The company projects that preliminary results would be available for reporting either in September or earlier.
This second human clinical trial involved 16 human volunteers who previously dealt with hypertension or were mildly hypertensive at the time of the study. Each of the 16 participants received three different doses of 150 mg each of DehydraTECH(TM) 2.0-enabled CBD versus a placebo for a total dose of 450 mg. the study involved a 24-hr continuous ambulatory (portable) monitoring of vitals such as blood pressure and heart rate, while also taking into consideration evaluations of central arterial stiffness, physical activity as well as sleep quality.
Lexaria hopes to commence with the third and last human clinical hypertension study of 2021, HYPER-H21-3. It will offer updates in due course.
As the company celebrates the progress achieved through this second human clinical trial, Lexaria marked another massive milestone by increasing its market reach in the United States (“US’). With partnerships with Cannadips, New World CBD, Impact Naturals and Amari, among others, Lexaria’s DehydraTECH-enabled consumer products are available for purchase in over 7,000 stores across the US (https://cnw.fm/yg4Fv).
In an official statement from Chris Bunka, the Chief Executive Officer (“CEO”) of Lexaria, he noted that “Lexaria technology is enabling increased market share and sales growth for our continually growing list of corporate clients. We are delighted to help these innovators of today and leaders of tomorrow offer their clients superior performance and experiences that competitors simply cannot match, and we are highly anticipatory of additional growth to come.”
Lexaria is a global leader in enhancing the overall speed and efficiency of orally-delivered fat-soluble active molecules and drugs. With its drug delivery technology and its advancing intellectual property (“IP”), the company is transforming existing consumer products and medications that may improve their availability and bioavailability. Its flagship technology, DehydraTECH(TM), improves how active pharmaceutical ingredients (“APIs”) enter the bloodstream, primarily by promoting healthier oral ingestion methods and increasing the effectiveness of the fat-soluble active molecules.
As of early July 2021, Lexaria had 20 patents falling under 13 different patent families. In July, it got its second patent in Japan titled “Food and Beverage Compositions Infused with Lipophilic Active Agents and Methods of Use Thereof.” This became the company’s 21st patent granted to the company and the 17th patent granted to its first patent family.
Also, in July, Lexaria received US$3,817,643 from warrant exercises. The company issued the warrants in relation to its January 2021 public underwritten offering. Under this offering, the shares and warrants issued were registered according to a Form S-1 Registration Statement. They were excised into 580,189 shares of voting common stock of the company at an exercise price of US$6.58 per share (https://cnw.fm/dmMfb).
Lexaria noted that all proceeds received from the warrant exercises would be used to continue advancing the company’s investigational research program and for general corporate purposes.
With these critical milestones achieved so far, Lexaria is confident that its business plan objectives, along with all its operations, are now all set and fully funded, well into the 2022.
NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX
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Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that it has made a strategic investment in Prettl Electronics Automotive (“PEA”). According to the update, PEA is a business unit within the Prettl Group, a large German industrial company that manufactures and distributes components and systems for the automotive, energy and electronics industries. The deal terms include a strategic investment of €7.5M (~$9M) for a 30% ownership stake, under which Ideanomics will receive exclusive sales and distribution rights for PEA charging infrastructure products and solutions in North America. In addition, IDEX CEO Alf Poor will join PEA’s board of directors. “The opportunity to work with Prettl brings together two companies with a global perspective for what is required to bring EV mobility solutions to global markets. The PEA team’s innovative approach, both in terms of potential to deploy high-power charging infrastructure and the dynamic load balancing of charging by energy requirements at an individual vehicle level, is among the most progressive EV charging solutions we have seen,” said Ideanomics CEO Alf Poor. “PEA fulfills a critical component of our EV enablement strategy, and we look forward to supporting them as both an investor and as a regional partner. PEA greatly adds to the family of products, services and technologies we are assembling that are synergistic, in-demand and high-value, and ultimately positions Ideanomics to capture revenues and market share throughout the commercial EV value chain.”
The company also announced its appointment of Shane McMahon as the executive chairman of the board. Per the update, Jim Cassano will become the new vice chairman. McMahon has been involved with IDEX since 2010, and previously served as vice chairman. “Shane has been an inspirational and passionate leader for Ideanomics, and we are honored to have him as our executive chairman,” said Ideanomics CEO Alf Poor. “His entrepreneurial approach and marketing acumen have been vital to our recent and anticipated growth. We are excited to be able to leverage his broad business and organizational understanding as we scale the company in the U.S. and globally.”
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under an innovative sales to financing to charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and shareholders with the opportunity to participate in high-potential growth industries. For more information, visit www.Ideanomics.com.
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Monday, August 2nd, 2021UncategorizedComments Off on $IDEX Announces Strategic Investment in Prettl Electronics Automotive, Executive Chairman Appointment
A recent study published in the “Consciousness and Cognition” journal has found that language produced while an individual is under the influence of LSD shows decreased semantic coherence and increased entropy levels. In layman’s terms, this means that people were more likely to move from one topic to another and have more disorganized speech while under the influence of LSD.
Entropy was developed by physicists to quantify lost energy in mechanical systems. However, researchers have found that this measure of randomness and uncertainty in a system can also be used to measure spontaneous activity in brain networks.
Study author Enzo Tagliazucchi, who is als the director of the Consciousness, Culture and Complexity Lab and a professor at the University of Buenos Aires, stated that a few years ago, it was proposed that the effects of psychedelic substances were brought about by increased disorganization of patterns of brain activity. He noted that the hypothesis was strongly supported by neuroimaging experiments in people, which led to speculation that increased entropy levels could also have an effect on natural language production. This is what prompted the researchers to study whether psychedelic substances had a disorganizing effect on natural speech.
For their study, the researchers recruited 20 healthy participants who either received a dose of placebo or a dose of LSD before undergoing magnetoencephalography (“MEG”) and functional magnetic resonance imaging (“fMRI”) scans at a neuroimaging laboratory. Each participant had to visit the lab twice, with each visit being two weeks apart. In addition to this, each participant was interviewed by the researchers regarding their feelings and thoughts during the experience.
The researchers then used computer algorithms to conduct an analysis of the participant’s speech patterns, which led them to the discovery that in comparison to those under the influence of placebo, participants under the effects of LSD scored higher on speech disorganization. The researchers also found that while the latter group tended to use more words while under the influence of LSD, their vocabulary was relatively smaller.
In their report, the researchers note that the order of dosing was randomized, adding that the study had some limitations, including the fact that the participants could easily make out whether they had consumed the placebo or LSD. This, the researchers explained, changed the participants’ attitude toward the experiment. They note that subjects tend to speak more while under the influence of LSD in comparison with those under the effects of the placebo.
The diverse (both good and potentially adverse) effects of psychedelic compounds such as LSD may explain why sector players including Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) prefer to concentrate their R&D efforts on developing medicinal formulations to be administered under the watchful eye of trained medical professionals.
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AnPac Bio-Medical Science Co. Ltd. is a biotechnology company focused on early cancer screening and detection
The company aims to develop, distribute and deploy its Cancer Differentiation Analysis (“CDA”) technology to change the way people approach cancer screening
CDA is powered by a database of over 200,000 samples and cases, providing a new way to approach disease and cancer screening
The company’s management team comprises professionals in both the United States and China who are knowledgeable and well educated in cancer screening and detection
The global cancer diagnostics market is expected to reach $249.6 billion by 2026
AnPac Bio-Medical Science Co. (NASDAQ: ANPC) is a biotechnology company focused on early cancer screening and detection. The company develops, distributes and deploys accessible early disease detection devices with an aim of changing the way people approach cancer screening. AnPac Bio-Medical is a highly innovative company and an early thought leader and developer of multi-cancer screening technology, which is gaining significant acceptance.
AnPac Bio-Medical has clinical laboratories in the United States and China, with 142 issued patents as of March 31, 2021. Its corporate headquarters is located in Shanghai, China, while its U.S. headquarters is situated in Philadelphia, Pennsylvania. The company operates two certified clinical laboratories in China and one CLIA registered clinical laboratory in the United States.
Cancer Differentiation Analysis (“CDA”)
Cancer Differentiation Analysis (“CDA”) is AnPac Bio-Medical’s approach to detecting cancer and pre-cancerous diseases. CDA uses the natural biophysical properties of blood and cellular proteins to discover cancerous environments before the tumors even form.
Most liquid-based cancer screening and detection technologies focus on biochemical signals, like conventional biomarkers and genomic signals, such as ct-DNAs and CTCs (circulating tumor cells in the blood). These typically only determine whether or not cancer has occurred at a fixed point in time.
CDA technology combines an assessment of existing biomarkers with the biophysical properties and cellular proteins that signal the lead-up to serious health conditions and cancer. It is also used to pinpoint where cancer is most likely located and predict where the risk is highest in the future – all through a standard blood test, at a competitive price point.
AnPac Bio-Medical’s CDA is powered by a database of over 200,000 samples and cases and serves as a new way to approach disease and cancer screening. The device uses an integrated system of sensors to detect several biophysical signals at the cellular, protein and molecular levels. CDA leverages a proprietary algorithm to synthesize the data, effectively generating a personalized risk assessment for evaluated patients.
Through CDA technology, AnPac Bio-Medical aims to address a number of goals, including:
Innovate – AnPac Bio-Medical is an innovator in the cancer screening industry, with CDA research ongoing since 2008, and commercial operations beginning in 2015. AnPac considers itself a thought leader in developing multi-cancer screening.
Detect – AnPac Bio-Medical detects early signals of threatening cancer and its location within the body.
Identify – CDA identifies the risks of up to 26 different types of cancers with high sensitivity and specificity rates.
Provide – The company’s platform provides multi-level, multi-parameter analysis using proprietary diagnostic algorithms, which results in accurate and easy-to-understand results.
Proven – A fully operational analysis of over 200,000 test samples has been run to date. CDA technology has been shown to identify pre- and early-stage cancers in patients previously diagnosed as “cancer-free” through traditional methods.
Biophysical Properties – CDA analyzes biophysical properties in human blood and the correlation between biophysical properties and cancer occurrence.
Market Outlook
AnPac Bio-Medical is exploring detection of other types of cancers leveraging its innovative CDA technology and multi-cancer screening and detection tests, which could open significant opportunities on the global cancer diagnostics market.
According to a report by Grand View Research, the cancer diagnostics market is expected to reach $249.6 billion worldwide by 2026 (https://ibn.fm/EMdoS). The market is expected to grow at a CAGR of 7% during the forecast period.
Management Team
Dr. Chris Yu is the Co-Founder and Chief Executive Officer of AnPac Bio-Medical. He has enjoyed a successful career as an innovator in life sciences, technology and engineering. Dr. Yu has worked for three U.S. Fortune 500 companies and is the first/principal inventor of over 300 patent applications spanning semiconductors, materials and life science. He has a proven history of developing cutting-edge products with long-term profit and sustainability. Dr. Yu was born to a medical doctor’s family and went to medical school. He later switched his major to physics and received his bachelor’s and master’s degrees in physics from the University of Missouri-Kansas City Campus and a doctoral degree in physics from Pennsylvania State University. Both of his dissertations addressed innovative detection techniques.
Dr. Herbert Yu is the Co-Founder and Chief Medical Officer of AnPac Bio-Medical. He is a renowned expert in molecular epidemiology, with training in medicine and chemical biochemistry. Dr. Yu has a 20-year career in leading-edge cancer research, including breakthrough work in areas of carcinogenic factors. He is a professor and research director at the University of Hawaii and an adjunct professor at Yale University. He received his bachelor’s degree in medicine from Shanghai First Medical College. Dr. Yu also received a science degree in epidemiology and a Ph.D. in clinical biochemistry from the University of Toronto.
Jingiu (Edward) Tang is the company’s Chief Financial Officer. He previously served as a global internal auditor at Natuzzi S.p.A. Mr. Tang also worked at Beijing Dongshen CPA and Shanghai De’an CPA, providing external audits, finance and tax advisory services across different industries and sectors. He is a Certified Public Accountant in Australia. Mr. Tang received his bachelor’s degree in accounting from Charles Sturt University in Australia, his MBA from Charles Sturt University, and his bachelor’s degree in law from Southwest University of Science and Technology in China.
Weidong Dai is the company’s China General Manager. He previously served as a general partner at Stirrfir Investment Management Co. Mr. Dai has also served as the chairman of RTS Management (Shanghai) Co., and as managing director of Hong Kong Pro-Health Technology Co. and Shanghai Pro-Health Medical Devices Co. He has published a number of medical research papers and research articles in professional journals. Mr. Dai was awarded the Hong Kong Industrial Award for a medical device that he led in research and development. He earned his bachelor’s degree in medicine from Anhui Medical University, a master’s degree in medicine from the Sun Yat-San University of Medicine, and an Advanced Certificate of the EMBA CEO Program from Fudan University, School of Economics.
For more information, visit the company’s website at www.AnPacBio.com.
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