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Inotrem Expands Series B Financing to €58 Million With a Mix of Equity and Debt, Adding New Investors Fountain Healthcare Partners, Kreos and Bpifrance

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Inotrem S.A., a biotechnology company specialized in the development of immunotherapies targeting the TREM-1 pathway with potential applications for acute and chronic inflammatory syndromes, announced a ‚¬5M capital increase financed by Fountain Healthcare Partners, a leading Irish venture capital firm with offices in Dublin and New York. This fundraising brings Inotrems Series B financing to a final closing amount of ‚¬44 M. In addition, the Company secured a ‚¬13 M credit line from Kreos Capital, Europe’s largest provider of specialty finance to growth companies, and a ‚¬1 M loan from Bpifrance, Frances public investment bank, bringing the fundraising to a total of ‚¬58 M of equity and debt.

The financing will support Inotrems R&D effort, in particular of its lead drug candidate, nangibotide, which is currently undergoing a global multicentric Phase IIb trial in septic shock patients (ASTONISH trial) in 5 European countries and the United States, and of a companion diagnostic tool aimed at selecting those septic shock patients that are more likely to respond favorably to treatment. Financing will also allow the Company to expand its TREM-1 franchise to address chronic inflammatory diseases.

With Fountain Healthcare Partners joining our pool of world-class investors, Inotrem is in an ideal position to advance its market-breaking technology platform centered on the TREM-1 pathway and bring new immunotherapies to patients and the medical community said Jean-Jacques Garaud, CEO of Inotrem.

Based on a novel approach of immunomodulation which targets the TREM-1 pathway, Inotrem has developed a proprietary technology platform and leverages its extensive knowledge of the TREM-1 pathway biology to develop programs in several indications with inflammatory syndromes for which there is a major and today unsatisfied therapeutic need. Its lead compound, nangibotide, targets septic shock which is the ultimate complication of sepsis. The incidence of septic shock continuously raises and mortality remains elevated (35%) in developed countries. There is currently no specific mechanism-based therapy approved for this indication. Inotrems solution has the potential to become the first mechanism-based treatment for septic shock.

Inotrem has demonstrated its ability to reach several critical milestones and we are delighted to back this team. The TREM-1 pathway is extremely compelling and has great potential to bring solutions to patients that today lack effective therapies, indicated Ena Prosser of Fountain Healthcare Partners.

In conjunction with the financing, Ena Prosser of Fountain Healthcare Partners will become a member of Inotrems Board of Directors, and Aris Contantinides of Kreos Capital will become an observer on Inotrems Board of Directors.

About Inotrem Inotrem S.A. is a biotechnology company specialized in immunotherapy for acute and chronic inflammatory syndromes. The company has developed a new concept of immunomodulation that targets the TREM-1 pathway to control unbalanced inflammatory responses. Through its proprietary technology platform, Inotrem has developed the first-in-class TREM-1 inhibitor, LR12 (nangibotide), with potential applications in a number of therapeutic indications such as septic shock and myocardial infarction. In parallel, Inotrem has also launched another program to develop a new therapeutic modality targeting chronic inflammatory diseases. The company was founded in 2013 by Dr. Jean-Jacques Garaud, a former head of research and early development at the Roche Group, Prof. Sbastien Gibot and Dr. Marc Derive. Inotrem is supported by leading European and North American investors. Inotrem is a French Tech 120 company: it was chosen to join the program launched by the French President of the Republic and the Prime Minister to support the development of fast growing startups. For more information please visit: www.inotrem.com

About Fountain Healthcare Partners Fountain Healthcare Partners is a life science venture capital fund with offices in Dublin, and New York. Founded in 2008, Fountain is Irelands largest dedicated life science venture capital fund with more than ‚¬294 million under management. Fountain invests in entrepreneurs and companies with disruptive technologies or products that have a clear pharmacoeconomic benefit and a defined pathway to commercialisation, value enhancement and exit. Fountain typically leads or co-leads its investments and has sourced private and public deals from start-ups, corporate spin-outs and turnaround situations. The Fountain Healthcare Partners team brings to investees over 70 years of collective experience in the pharmaceutical industry, corporate venture capital and VC across multiple investment and market cycles. For more information please visit: www.fh-partners.com

About Kreos Capital Kreos Capital is the leading provider of growth-debt financing to high-growth companies in Europe and Israel with revenues up to EUR 300 million. Since 1998, as the pioneer growth debt provider across Europe and Israel, Kreos has completed 540 transactions and committed more than EUR 2.3 billion in 16 different countries. Kreos is dedicated to supporting management teams and their equity investors with flexible loan structures for all stages of a growth company’s development and to address the needs for growth capital, working capital, acquisition financings, lower mid-market buy-outs, roll-up strategies, banks re-financings as well as pre- and post-IPO financings. Kreos’s most recent fund, EUR 700 million Kreos VI, was launched in January 2019. The Kreos global team has extensive debt financing, management and equity investing experience, covering the markets in Europe and Israel from its locations in London, Tel-Aviv and Stockholm.

About Bpifrance Bpifrance is the French national investment bank: it finances businesses “ at every stage of their development “ through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy…). to help entrepreneurs meet their challenges (innovation, export¦). For more information, please visit: www.bpifrance.fr and presse.bpifrance.fr

Media contact for Inotrem

Anne REIN

S&I | STRATEGIES&IMAGE

[email protected]

+33 6 03 35 92 05

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CEO & CMO Summit Vietnam 2020 – Architect the Future of Marketing

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HO CHI MINH CITY, Vietnam, Sept. 21, 2020 /PRNewswire/ — CEO & CMO Summit Vietnam is making a third comeback in Vietnam this year, it is a day where industry thought leaders unite and architecting the future of marketing in a connected world and drawing a roadmap. This is also its first offline event of Vietnam Mobile Marketing Association (MMA Vietnam) occurring in 2020 with the participation of nearly 30 partners and sponsors. 

CEO & CMO Summit Vietnam 2020 - Speakers Panel
CEO & CMO Summit Vietnam 2020 – Speakers Panel

After such a difficult time with COVID epidemic, there is this once-in-an-era transformation in the relationship between brands, marketers and their customers. With all C-level delegates from many parts of the ecosystem, MMA CEO & CMO Summit program will highlight how brands have pivoted and adapted in these extraordinary times. Audiences will also hear from C-level executives who will discuss what consumer trends will endure and give us a glimpse of what the new normal could look like at least in the near future.

With the guide and sharing from some of the biggest names in the industry, namely speakers from Facebook, Google, Abbott, and many more industry leaders, audiences can learn how Consumer behaviour has changed in pandemic time, how everything shifts to omni-channel and E-commerce, as well as how to structure a business with the framework for future disruption prevention. 

Join the 3rd MMA CEO & CMO Summit Vietnam to have an unique opportunity where exclusive leaders in the industry unite and help businesses leap forward in the industry as we ARCHITECT the future of marketing together. With all of the hottest topics and welcoming 300 VIP C-levels delegates at the offline event and will be livestreamed on 2 biggest marketing communities in Vietnam beside MMA channel, the event promises to leave audiences feeling inspired and imbued with new and creative ideas.

Find more information and register at: bit.ly/CEOCMO20

PR Newswire is the official news distribution partner of MMA.

About Vietnam Mobile Marketing Association (MMA Vietnam)

The MMA’s mission is to enable marketers to drive innovation and enduring business value in an increasingly dynamic and mobile connected world. Comprised of over 800-member companies globally and 14 regional offices, the MMA is the only marketing trade association that brings together the full ecosystem of marketers, tech providers and sellers working collaboratively to architect the future of marketing, while relentlessly delivering growth today. Anchoring the MMA’s mission are four core pillars; to cultivate inspiration by driving innovation for the Chief Marketing Officer; to build the mobile marketing capabilities for marketing organizations through fostering know-how and confidence; to champion the effectiveness and impact of mobile through research providing tangible ROI; and to advocate for mobile marketers.

Photo – https://photos.prnasia.com/prnh/20200921/2923002-1?lang=0

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Multilingual AI Speech Solution Designed by Cedat85, SDL and Bertin IT Consortium Ranked First in European Parliament Tender

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SDL (LSE: SDL), the intelligent language and content company, announces that a consortium, formed by Cedat85, SDL and Bertin IT, has been ranked first out of three finalists to provide real-time, AI-powered transcription and translation services for the European Parliament plenary sessions.

The solution can automatically transcribe and translate parliamentary multilingual debates in real-time and learn from corrections and user feedback, improving its quality over time.

The idea is to help members of the European Parliament access debates on screen, including hard of hearing people who currently have no direct access to the debates. The ultimate goal is to provide an automatic transcription and translation service for parliamentary debates covering all 24 official languages used by the institution.

The selection process, which lasted almost a year, was open to all international suppliers and measured the quality of the proposed IT solution, technical support, quality of project management, quality of live demonstrations, and cost. The top three consortiums were each awarded a one year contract.

Cedat85 (www.cedat85.com) is the project leader and main contractor for this project and will be the primary contact point for any needs of the European Parliament. Cedat85 will also assumeon behalf of the Consortiumresponsibility for the platform, SLAs, technical support, project leadership and will orchestrate the entire project. Cedat85 is the pioneer and market leader in Automatic Speech Recognition and Speech to text technology, operating since 1985, with hundreds of customers and more than 4 million hours of transcriptions of events, meetings, speeches, broadcasts, and telephone conversations.

Enrico Giannotti, Managing Director of Cedat85, said: At Cedat85 we like challenges but we know we have the right technology to support us in such ambitious projects. The responsibility and satisfaction of being recognized as the most suitable candidates together with two other important players such as Bertin IT and SDL, fill us with pride and is a recognition of over thirty years’ experience of our company, which provides services and solutions based on Automatic Speech Recognition technologies and now, thanks to the collaboration with the other players in the consortium, also in translation.

Bertin IT (www.bertin-it.com) is a provider of software solutions in cybersecurity and in cyber and voice intelligence. With more than 15 years collaboration with the French Ministry of Defense on Cyber Security and Open Source Intelligence, Bertin IT is also a key player in digital intelligence and automatic speech processing technologies for Enterprises and Public institutions.

Yves Rochereau, Managing Director of Bertin IT, said: We are extremely proud to reach this top position in the European Parliament tender with our partners Cedat85 and SDL. At Bertin IT, we firmly believe in the value of bringing together the best of our technology and joining forces with partners of excellence to build innovative and impactful applications, using AI for good. In this project Bertin IT will be bringing its leading-edge Live transcription in several languages and its Language ID technology. Were building upon the solid experience of providing robust and scalable speech technologies to our customers for many years, and hope to bring Live services one step further.

SDL Machine Translation will provide the foundation of the consortiums solution. The technology, powered by machine learning and artificial intelligence innovations developed by SDLs R&D group over the past 15+ years, is secure, flexible, highly scalable, and built for complex content environments. Over the past 10 years, SDL has provided the European Union and its supporting agencies with language technologies and services.

Thomas Labarthe, Chief Revenue Officer, SDL, said: This is a highly prestigious project, and were excited to have been ranked first in this tender. The European Parliament, the biggest cross-national parliamentary assembly in the world, has particularly difficult challenges with members speaking 24 languages. Thanks to the combination of SDLs best-in-class Machine Translation technology with Cedat85 and Bertin ITs speech technology, our consortiums end-to-end solution will set an innovation benchmark for public sector and legislative organizations looking to digitize their multilingual processes.

Details of the tender are available on the EU tendering portal: https://ted.europa.eu/udl?uri=TED:NOTICE:412805-2020:TEXT:EN:HTML

About SDL

SDL (LSE: SDL) is the intelligent language and content company. Our purpose is to enable global understanding, allowing organizations to communicate with their audiences worldwide, whatever the language, channel or touchpoint. We work with over 4,500 enterprise customers including 90 of the worlds top brands and the majority of the largest companies in our target sectors. We help our customers overcome their content challenges of volume, velocity, quality, fragmentation, compliance and understanding through our unique combination of language services, language technologies and content technologies.

SDL

Denis Davies

Corporate Communications

[email protected]

+44 1628 410105

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COVID-19 Recovery Analysis: Surveying Equipment Market | Growth in Railway Sector in APAC to Boost Market Growth | Technavio

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Technavio has been monitoring the surveying equipment market and it is poised to grow by USD 2.07 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. FARO Technologies Inc., Hexagon AB, Kongsberg Gruppen ASA, Raytheon Co., Robert Bosch GmbH, Seafloor Systems Inc., Teledyne Technologies Inc., Thales Group, Topcon Corp., and Trimble Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Growth in the railway sector in APAC has been instrumental in driving the growth of the market. However, the slowdown in the Chinese economy might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Surveying Equipment Market 2020-2024: Segmentation

Surveying Equipment Market is segmented as below:

  • Application
    • Land Application
    • Hydrographic Application
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

Surveying Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The surveying equipment market report covers the following areas:

  • Surveying Equipment Market Size
  • Surveying Equipment Market Trends
  • Surveying Equipment Market Industry Analysis

This study identifies the growth in UAV market as one of the prime reasons driving the Surveying Equipment Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.

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Surveying Equipment Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist surveying equipment market growth during the next five years
  • Estimation of the surveying equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the surveying equipment market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of surveying equipment market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Land application – Market size and forecast 2019-2024
  • Hydrographic application – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • FARO Technologies Inc.
  • Hexagon AB
  • Kongsberg Gruppen ASA
  • Raytheon Co.
  • Robert Bosch GmbH
  • Seafloor Systems Inc.
  • Teledyne Technologies Inc.
  • Thales Group
  • Topcon Corp.
  • Trimble Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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