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Pegasus Resources announces positive results from comprehensive sampling program at Energy Sands

Pegasus Resources Inc.

Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to announce some exciting developments related to the company's Energy Sands property in Utah. Pegasus Resources has conducted a comprehensive geological mapping and sampling program in collaboration with Dahrouge Geological Consulting USA, yielding positive results that enhance the understanding of the property's potential. Over a 13-day period, the program resulted in the collection of a total of 41 samples. These samples have been submitted to SGS Laboratories Services for further detailed analysis. The utilization of the RS-125 handheld spectrometer played a pivotal role in identifying noteworthy samples from various sources, including prospector outcrops, tailings, outcrops, and historical adits. One standout result from this endeavor is sample ESRS24-037, which displayed a remarkable reading of 7800 ppm, indicating substantial mineralization. This finding underscores the mineral-rich potential of the Energy Sands property and highlights the significance of this geological mapping and sampling program. Completing this program is a crucial step in advancing Pegasus' exploration efforts. It not only provides valuable insights into the property's mineral resources but also serves as a foundation for informed decision-making as the company continues its pursuit of sustainable resource development. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 08, 2024 09:05 AM Eastern Standard Time

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WagerWire Launches First Ever DFS Marketplace with RealTime Fantasy Sports

WagerWire

WagerWire, a marketplace technology and media company servicing sportsbooks and fantasy operators, has made history by launching the first DFS Pickem trading marketplace with fantasy sports operator RealTime Fantasy Sports. The launch makes RealTime Sports the first fantasy platform to offer their players the ability to sell and buy Pickem entries while in progress, including during the actual game, and is available to play in 27 states and the District of Columbia. WagerWire is making waves with this expansion, as its product will now be offered to fantasy operators in addition to its online sports betting clientele. The company was recently recognized for its achievements with a nomination for Best Innovation by the Fantasy Sports and Gaming Association (FSGA). Until now, there have been no options offered to fantasy sports players after placing a pick. The WageWire marketplace creates a way for users to take control of their action to lock in a profit, hedge, or jump in and out of plays while the games are in progress. “The success of our launch with RealTime Fantasy Sports is proof that fantasy players and sports bettors are both searching for this functionality in their gaming experience,” said Zach Doctor, WagerWire CEO. “This implementation is particularly exciting for RT’s users, because it provides a live gaming solution to buy and sell action on the marketplace after pre-match entries and contests close once games begin. This is only the beginning of making every gaming asset tradeable.” “Our players are already obsessed with WagerWire, and so are we. It’s taken our Pickem product to a whole new level,” said Tim Jensen, COO of RealTime Fantasy Sports. Braiden Payne, one of many RT Sports users who have taken to the marketplace during the NFL playoffs agrees: “I am really enjoying the improvements to the RealTime Fantasy Sports experience. If my slips lose right out of the gate, I still have a chance to buy back in.” RealTime Fantasy Sports saw extremely high adoption and engagement in its secondary marketplace powered by WagerWire during the first weekend it was live. Players that use the marketplace are placing more overall action on Pickems, spend increased time on-site to browse for deals and manage listings, and show a higher likelihood of sticking around to play other games and contests. “The WagerWire engineering team is world-class and it was such an easy lift to work with them. We went from signing the Letter of Intent on December 17 to being live for the start of the NFL Playoffs just a few weeks later.” added Tim Jensen, COO of RealTime Fantasy Sports. WagerWire is coming off a rapid release of innovative products, including free-to-play bet trading with Stations’ Casino STN Play App (Red Rock Resorts: $RRR) in Q4 of 2023, in addition to releasing its Bet Value Graph generator to the public in January 2024, which follows on the heels of its heavily visited Bet Value Calculator. The company previously announced a media and technology partnership with Jake Paul and Joey Levy’s challenger platform Betr, and has plans to integrate with both Betr Picks and the highly anticipated Betr OSB in 2024. WagerWire and RealTime Fantasy Sports will also collaborate on original daily content and media around Pickem markets including contests, watch parties, and live entry auctions. About WagerWire WagerWire empowers bettors to take control of their action and treat their bets and fantasy entries as assets that can be bought and sold at any time. WagerWire’s proprietary GLI-33 certified marketplace technology can be directly embedded into sportsbook apps, and also powers the WagerWire app that serves as an aggregated marketplace of bets across partner sportsbooks. WagerWire also has a Media Network that generates engaging daily sports and betting content “By Fans, For Fans.” You can download WagerWire in the Apple App Store and Google Play, and find them @WagerWire on Twitter and LinkedIn, or @WagerWireLive on TikTok and Instagram. WagerWire is dedicated to providing users with a responsible gaming environment. If you think you or someone you know may have a gambling problem, resources are available. Call 1-800-GAMBLER. About Real Time Sports RealTime Fantasy Sports is a leader in the fantasy sports league management and cash games industry, providing some of the top DFS and DFS Pickem contests in the industry. As the home of The Fantasy Championship, RealTime Fantasy Sports has the most innovative fantasy games for many sports, including football, baseball and basketball. RealTime Fantasy Sports is your one-stop shop for all your fantasy needs. Serving fantasy players online since 1996. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://www.wagerwire.com/

February 08, 2024 09:01 AM Eastern Standard Time

First-Ever Risk Retention Group for the Cannabis Industry Launches with CLIC RRG

IMA Financial

Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, today announced the launch of CLIC Risk Retention Group Inc. (CLIC RRG), the first and only risk retention group designed specifically for the unique needs of the burgeoning cannabis industry. The member-owned insurance solution is now available to cannabis-related businesses (CRBs) nationwide. “We are very proud to announce the launch of CLIC Risk Retention Group. We are the first and only insurer in the cannabis space that is owned exclusively by its policyholders,” said Chris Payne, founder of CLIC RRG. “This allows us to offer risk management and profit-sharing opportunities that are unavailable anywhere else in the industry.” The product represents a significant step toward comprehensive insurance solutions tailored to the needs of CRBs across the United States. CLIC members gain access to general liability and product liability coverage from anywhere in the nation, which until now has been out of reach in this high-risk, heavily legislated sector. Tris Felix, Managing Director of Cornerstone Risk Solutions, highlighted the product’s significance: “A member-owned insurance solution is a game-changer for CRB owners whose growth has been historically limited by lack of liability coverage. CLIC RRG owners can build — and benefit from — products that meet the industry’s unique needs, leveling the playing field in a competitive and evolving industry.” As the cannabis industry continues to grow, Cornerstone and CLIC RRG are committed to assessing market responses and potentially introducing additional cannabis industry-specific insurance solutions. “Historically, CLIC RRG coverage lines have been profitable for carriers, yet restricted the policyholders,” said IMA Vice President and Cannabis National Practice Leader Michael Hennessey. “By coming together in a risk retention group, cannabis businesses set their own direction and claim their due benefit.” About Cornerstone Risk Solutions and IMA Financial Group Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, specializes in providing innovative insurance and risk management solutions. IMA Financial Group, a North American insurance brokerage firm, is renowned for its commitment to protecting assets and making a difference in the lives of its clients, associates and communities. About CLIC Risk Retention Group Inc. (CLIC RRG) CLIC Risk Retention Group Inc. (CLIC RRG) is a private insurance company owned by and operated solely for the benefit of participants in the legalized cannabis industry. The company serves businesses and individuals involved in the sale, manufacture, cultivation, transportation and testing of legalized cannabis-based products. The company’s operations are controlled by policyholders who are licensees in the cannabis industry. Contact Details CLIC Risk Retention Group Inc. Chris Payne +1 858-260-9000 chris@clicrrg.com IMA Financial Group Sean Hanft +1 203-313-3205 Sean.hanft@imacorp.com Center Reach Communications Alexandra Campbell alexandra@centerreachcommunication.com Company Website https://cornerstonerisksolutions.com/

February 08, 2024 09:00 AM Eastern Standard Time

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Goodway Group Selects FreeWheel As First Video-Only Ad Partner

Goodway Group

Today, Goodway Group, a leading, data-driven and technology-enabled digital media and marketing services firm, announced its first, video-only partnership for premium video ad inventory with FreeWheel, a global technology platform for the television advertising industry. The two companies are teaming up to help further scale and open up access to premium, connected television ad inventory for marketers. They are doing so to help tackle some of today’s most pressing industry challenges: access to premium, brand-safe ad inventory, a need for greater transparency into the ad buying process, as well as greater media efficiencies. This partnership aims to address several of those challenges by offering publishers working with Goodway Group many key benefits: First, they can tap into FreeWheel’s direct connection – and access – to a large array of premium video ad inventory. Secondly, publishers will now have greater transparency into the ad buying process, as FreeWheel has one of the industry’s most direct, efficient and simplest paths to premium video ad inventory. Lastly, per the partnership, Goodway Group has first access to test out new betas and innovations, so that its clients can stay differentiated and nimble in today’s complex ad marketplace. “As the TV advertising ecosystem continues to fragment and evolve, we sought a partner with a steady commitment to infusing simplicity, transparency and innovation and FreeWheel clearly stood out,” said Andrea Kwiatek, Director, Partnerships, Goodway Group. “FreeWheel has consistently driven greater innovation and better business results for their clients, and this is fueled by a deep understanding of the challenges that the industry faces today. We look forward to working together with them to help raise the bar for TV advertising for our clients and across the ecosystem.” The partnership comes at a time when, as more video investments shift toward programmatic activation, marketers want even greater transparency on advertising ROI. This partnership aims to address that demand by providing a more enhanced way to streamline marketers’ workflow, thereby allowing greater insight into where and how media dollars are being spent. The savings that are derived from that improved workflow, in turn, are invested back into the TV ad marketplace, allowing marketers to drive even more ad results. “At FreeWheel, we are challenging ourselves, our clients, and the broader marketplace to treat professionally produced commercial break ad inventory different from standard banner ads. This means we need to find innovative ways to make the TV ad buying process simpler and more direct, predictable and effective to buy programmatically,” said Jon Mansell, VP, Head of U.S. Programmatic Demand, FreeWheel. “These are the same guiding principles that are powering our partnership with Goodway and our goal is to help better improve the industry, on all of these pillars, by teaming up with them.” About Goodway Group Goodway Group is a leading data-driven and technology-enabled digital media and marketing services firm with teams in the U.S. and the U.K. Our diverse team of digital strategists, media practitioners, technologists and data scientists have won the most prestigious awards for innovative marketing technology, impactful work and inclusive remote-first places to work including being honored as a multiyear Ad Age Best Places to Work, AdExchanger’s Best Use of Technology by an Agency Award and three MarTech Breakthrough Awards. The firm deploys deep expertise across both consumer and B2B marketing, including brand-performance advertising, retail media and commerce, and advanced analytics using proprietary digital programmatic technologies, data, analytics methodologies, and consultation. Goodway Group is an independent and remote-first media and marketing services firm with a 90+ year history. Find Goodway Group online at Goodwaygroup.com. About FreeWheel FreeWheel empowers all segments of The New TV Ecosystem. We are structured to provide the full breadth of solutions the advertising industry needs to achieve their goals. We provide the technology, data enablement and convergent marketplaces required to ensure buyers and sellers can transact across all screens, across all data types, and all sales channels, in order to ensure the ultimate goal – results for marketers. With offices in New York, Chicago, London, Paris, Beijing, and across the globe, FreeWheel, A Comcast Company, stands to advocate for the entire industry through the FreeWheel Council for Premium Video. For more information, please visit https://www.freewheel.com/, and follow us on X and LinkedIn. Contact Details Alexandra Morrison +1 214-604-9658 alexandra@kitehillpr.com FreeWheel FreeWheel elaine_wong@comcast.com Company Website https://www.goodwaygroup.com/

February 08, 2024 09:00 AM Eastern Standard Time

COMCAST OPENS LATEST XFINITY STORE IN EDEN PRAIRIE, MINNESOTA

Comcast Twin Cities

Comcast today announced the opening of its newest Twin Cities area Xfinity Store in Eden Prairie, Minnesota. Located off bustling Commonwealth Drive, the space is thoughtfully designed with the customer experience at the forefront, providing an opportunity to explore and interact directly with the latest Xfinity products and services. The store is located at 8266 Commonwealth Dr, Eden Prairie, MN 55344, and is now open to the public. This opening marks the 15 th Xfinity Store in the Twin Cities metro area. With a modern and open environment that highlights Comcast’s entertainment and technology offerings, the new store encourages customers to work with dedicated store employees and interact with the latest Xfinity products. Products range from internet, video, connected home solutions, Xfinity Mobile, a flexible and affordable wireless plan, and Comcast Business solutions, including new mobile offerings for any size business. The store is equipped to host live demos and provide hands-on account management services. Customers can also conveniently book appointments online ahead of time through Xfinity’s website. “We are happy to welcome Comcast to Eden Prairie as the location for their newest Xfinity store,” said Pat MulQueeny, President of the Eden Prairie Chamber of Commerce. “The Chamber knows how important access to the newest technology is, and with the store’s prime location, it is easier than ever for Eden Prairie customers to access the latest technology and stay connected.” Comcast has also further invested in the Eden Prairie community by donating $5,000 to the Eden Prairie Crime Prevention Fund for their annual youth Safety Camp, where children learn about safety from local police, fire, and recreation departments. “We are thrilled to bring this new state-of-the-art store to Eden Prairie,” said Rachel Johnson, vice president, Sales and Marketing, Comcast Midwest. “Xfinity’s unprecedented coverage is only getting faster, smarter and more reliable, and it is exciting to see more and more communities taking advantage of our unmatched products and services.” The store is open daily from 10:00 a.m. to 8:00 p.m., Monday through Saturday and 11:00 a.m. to 6:00 p.m. on Sunday. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Jill Hornbacher +1 651-425-1695 Jill_Hornbacher@comcast.com Company Website https://midwest.comcast.com

February 08, 2024 08:00 AM Central Standard Time

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Roberts & Ryan Inc., America's first Service-Disabled Veteran-Owned (SDVO) broker-dealer, is pleased to welcome Mark DeVito as its Senior Director of Equity Trading.

Roberts & Ryan, Inc.

Mr. DeVito joins Roberts & Ryan as a seasoned business veteran, whose 35-year career has included leadership roles in investment banking, corporate finance, capital market transactions, alternative investments, and corporate boards. Prior to joining Roberts & Ryan, Mr. DeVito was Managing Director of the Global Investment Banking Group at Bank of America Securities, where he developed key client relationships and originated investment banking transactions. Before Bank of America Securities, Mr. DeVito was Managing Partner at JCS Partners LLC. Prior to that, he was Managing Director of Global Energy and Power Investment Banking at Merrill Lynch. Additionally, while at Merrill Lynch, he was the Global Head of their Alternative Investments Group and Managing Director of their Debt Capital Markets Group. Prior to that, he was Senior Vice President of Investment Banking and Capital Markets at Lehman Brothers and Assistant Vice President at Shearson Lehman Hutton. Mr. DeVito served as a member of the Board of Directors of Nextremity Solutions, the Board of Trustees of Rumson Country Day School and the Executive Board of Family and Children’s Services. When asked to share his thoughts on Roberts & Ryan's latest appointment, Chief Executive Officer Ed D'Alessandro remarked, “I am very excited to welcome Mark to our team. His extensive experience and distinguished investment banking career will be a tremendous asset to Roberts & Ryan. Mark is committed to our social mission of supporting Veterans and their families, and his investment banking experience will be instrumental in helping us grow. We are truly fortunate to have someone of Mark’s caliber join our team to help us get to the next level.” Mr. DeVito is a graduate of Fordham University’s Gabelli School of Business, where he received an MBA in Finance, and a graduate of Seton Hall University, where he received a BA in Finance. About Roberts and Ryan, Inc. Roberts & Ryan, Inc. is a Service-Disabled Veteran Owned (SDVO) broker-dealer with execution capabilities in the capital markets, equities, and fixed-income trading. The firm was founded in 1987 by a United States Marine Corps Vietnam combat veteran and Purple Heart recipient. With over $1.8 million in committed donations, Roberts & Ryan is active in donating to charitable foundations that make significant positive impacts in the lives of Veterans and their families, primarily focusing on general wellness, mental health, and career transition. To learn more about Roberts & Ryan, please visit www.roberts-ryan.com. Contact Details Michael C. Del Priore +1 646-859-4061 mdelpriore@roberts-ryan.com Company Website https://www.roberts-ryan.com

February 08, 2024 09:00 AM Eastern Standard Time

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Diamond Lake Minerals CEO Brian Esposito Unveils Strategic Vision for Real Estate Tokenization

Diamond Lake Minerals Inc

Diamond Lake Minerals CEO Brian J. Esposito joined Steve Darling from Proactive to discuss the company's presence at a conference in Miami and its distinctive approach to digital assets. Esposito emphasized that Diamond Lake Minerals primarily focuses on Security Token Offerings (STOs) within a regulated environment, setting them apart from unregulated cryptocurrencies. This commitment to regulatory compliance and security is central to the company's approach in the digital asset space. The CEO also stressed the importance of transparency and adherence to regulations within the digital asset sector. Esposito elaborated on the potential of blockchain technology for tokenizing real estate, particularly properties with high leverage or potential risk factors. By using security token offerings, Diamond Lake Minerals aims to bring liquidity and capital to traditionally illiquid assets, enabling fractional ownership and making it accessible to retail investors. Esposito underscored the value of allowing retail investors to own fractional shares in real estate, opening up new opportunities for wealth generation. In response to concerns about the abundance of opportunities in the market, he assured that Diamond Lake Minerals places a premium on rigorous vetting processes to ensure the safety and profitability of business transactions. The CEO expressed a strong commitment to building a diverse portfolio of holdings across various industries, with a focus on maximizing value for shareholders and security token holders. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 08, 2024 08:59 AM Eastern Standard Time

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Can the QQQ bull run continue? Play The Tech Trade With This Leveraged ETF

Benzinga

By Faith Ashmore, Benzinga Exchange-traded funds, or ETFs, have long had the reputation of being relatively more stable investment opportunities. These funds aim to mirror the performance of a basket of equities or a specific index, which offers broad market exposure while reducing the risk associated with individual stocks. One of the ETFs that has been on the radar of investors lately is Invesco QQQ Trust (NASDAQ: QQQ). QQQ tracks the performance of the Nasdaq-100 Index, which represents the 100 largest non-financial companies listed on the Nasdaq Stock Market. QQQ is best known for providing investors with exposure to companies at the forefront of innovation across various sectors, including technology, healthcare and communication services. Over the past year, QQQ has gained 45% and led all inflows in late January. Late January marked a 1.4% gain in assets, and assets under management now stand at around $246 billion. QQQ’s recent performance comes on the heels of the Federal Reserve’s announcement in December to keep interest rates at the current level, signaling a potential end to the central bank's cycle of rate hikes and a potential shift towards rate cuts in 2024. This decision reflects the Federal Reserve's response to more positive economic conditions and its efforts to support economic growth and stability. Lower interest rates historically stimulate increased borrowing and investment. While QQQ offers a basic solution to owning stocks in more established growth verticals, some ETFs like the AXS 2X Innovation ETF (NASDAQ: TARK) take a more targeted approach to investing in the companies of tomorrow. How is this accomplished? Quite simply, TARK provides two times daily exposure to the ARK Innovation ETF (NYSE: ARKK), which itself is a more concentrated portfolio of 35 growth equities. TARK gives you daily leveraged exposure to companies that are pioneers in disruptive technologies like next-gen internet, electric vehicles, genomics and fintech. These industries are growing at rapid paces and making big splashes. For example, fintech revenues are projected to grow sixfold and reach $1.5 trillion by 2030. Similarly, worldwide adoption of electric vehicles is fostering a steady annual growth rate within the industry. The global genomics market is expected to reach $83.1 billion by 2028. For investors who have doubted the strength of industries like virtual reality, the numbers don’t lie; the global virtual reality in the gaming market is expected to expand at a CAGR of 31% from 2023 to 2033. The broader gaming industry is even growing in unsuspecting markets; for example, the Middle East is reporting that 60% of the population considers themselves gaming enthusiasts. These industries are hitting home with a lot of younger audiences as well who are more technologically savvy. In 2023, TARK received the Best ETF Launch Award at the Benzinga 2023 Global Fintech Awards and is part of AXS Investments’ family of ETFs focused on a variety of exposures that surround the “Innovation Trade.” While QQQ is capturing the success of the present, ETFs like TARK look to capture the success of the future. In recent years, investors have witnessed an explosion of disruptive technology that has permeated various industries, reshaping the way we live, work and interact. The explosion of disruptive technology in key industries like transportation, health and finance has not only improved efficiency and convenience but has also created new economic opportunities and transformed entire ecosystems. In the coming decades, it seems evident that this trend will continue to accelerate. ETFs like TARK that are capitalizing on disruptive technologies could be poised to grow alongside these industries. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

February 08, 2024 08:50 AM Eastern Standard Time

Longeveron (NASDAQ: LGVN) Making Inroads With Lomecel-B™ – Biotech’s Investigational Alzheimer’s Treatment Shows Positive Trial Results

Benzinga

By Meg Flippin, Benzinga Longeveron Inc. (NASDAQ: LGVN), a clinical-stage biotech company aiming to slow the effects of life-threatening and chronic aging-related conditions using cellular therapies, is making inroads with Lomecel-B™, its investigational treatment for hypoplastic left heart syndrome (HLHS), Alzheimer’s disease and aging-related frailty. On October 5th, the Miami-based biotech announced that Lomecel-B™ met its primary safety endpoint and showed a lack of deterioration in cognitive or atrophy signals in approximately 50 patients aged 60 to 85 years old with mild Alzheimer’s disease, marking a major milestone for the company. The successful trial paves the way for more clinical studies of this potentially game-changing treatment. “We believe these results provide important validation of both the safety and therapeutic potential of Lomecel-B™ in the treatment of Alzheimer’s disease and provide a robust foundation for additional clinical trials in this and other indications,” Wa’el Hashad, CEO of Longeveron, said announcing the trial results. In late December, the company released additional new clinical and biomarker results from the trial that reinforced the earlier top-line findings. Additional analysis of cognitive function and daily living data showed favorable results with Lomecel-B™ over placebo. The drug was shown to slow and in some cases improve certain measurements of cognitive function (MoCA, MMSE). Funding Development In addition to reporting promising results for Lomecel-B™, in October 2023, Longeveron secured $4 million in gross proceeds before expenses from a round of equity financing. In late December, Longeveron closed a previously announced registered direct offering of 1.35 million shares priced at $1.62 per share, raising an additional $2.36 million in gross proceeds. Longeveron plans to use the net proceeds to fund the ongoing clinical and regulatory development of Lomecel-B™ and for capital expenditures, working capital, and general corporate purposes. The company reported that as of the end of the third quarter, it has enough existing cash and short-term investments to cover expenses and capital requirements into the first quarter of 2024. Investor Aspirations And Stock Trend Some investors are hopeful that Lomecel-B™ could possibly play a role in the future in treating Alzheimer’s disease, which affects about 6.7 million people 65 and older in the U.S. In 2023 alone, Alzheimer’s and other dementias will cost the U.S. $345 billion, according to the Alzheimer’s Association. By 2050, total payments for healthcare, long-term care and hospice for those with dementia are projected to reach nearly $1 trillion. Lomecel-B™ appears to target inflammation, and it is believed that inflammation plays a role in the onset and progression of Alzheimer’s disease. Researchers made this discovery after several studies showed that people who took anti-inflammatory drugs like Enbrel and Humira were as much as 50% less likely to develop Alzheimer's disease later in life. These discoveries have in part helped to spur a new class of investigational drugs that aim to treat and cure Alzheimer’s disease by targeting inflammation. Lomecel-B™ is made from medical signaling cells (MSCs) derived from the bone marrow of healthy adult donors. It is believed that these cells travel to sites of damage or inflammation in the body and promote cellular regeneration and repair. More Potential Catalysts On The Horizon? Lomecel-B™ as a potential treatment for Alzheimer’s isn’t the only possible catalyst on the horizon for Longeveron, and investors may want to watch for more to come. The therapeutic treatment is also in stage 2 trials to treat Hypoplastic Left Heart Syndrome (HLHS) and Aging-related frailty. HLHS is a rare pediatric congenital heart defect that affects about 1,000 babies in the U.S. annually. The left side of the heart fails to develop in patients with HLHS – leading to short-term mortality, delayed development and long-term organ failure. Lomecel-B™ is administered directly into the cardiac tissue of the right ventricle for HLHS patients. The goal is to improve cardiac function through the regenerative, pro-vascular and anti-inflammatory effects of MSCs. Results from a phase 1 ELPIS 1 trial showed 100% survival in Lomecel-B™-treated children at up to five years of age. Historically, children with HLHS have about 20% mortality by five years. The results were encouraging enough for Lomecel-B™ to be given the Rare Pediatric Disease Designation (RPD), Orphan Drug Designation (ODD) and Fast Track Designation from the FDA. A phase 2 trial in HLHS of 38 patients is currently underway. In August, the trial surpassed the 50% enrollment threshold. The company is also in a phase 2 trial of Lomecel-B™ to treat aging-related frailty, which is characterized by mobility disability, weakness, fatigue, weight loss, slowness and low activity. Its current phase 2 trial will include 45 patients in Japan, where nearly a third of the population is over 65. “With our Phase 2 ELPIS II trial in HLHS moving toward anticipated completion in 2024, and our Phase 2 program in Aging-related frailty progressing in Japan as well, we look forward to meaningful milestones in the near term and to fully realizing the therapeutic potential of Lomecel-B™,” said Hashad. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

February 08, 2024 08:45 AM Eastern Standard Time

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