Category: Culture

Ethnic cultures as newsmakers

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Business Culture Lifestyle

Catalent, Inc. announces Second Quarter Fiscal Year 2023 Earnings Conference Webcast

SOMERSET, N.J. — (BUSINESS WIRE) — Catalent, Inc. (NYSE: CTLT), the global leader in enabling pharma, biotech, and consumer health partners to optimize development, launch, and supply of better patient treatments across multiple modalities, today announced that it will release financial results for the second quarter of fiscal year 2023 ended Dec. 31, 2022, before the market open on Tuesday, Feb. 7, 2023.

 

The Company’s management will host a webcast to discuss the results at 8:15 a.m. ET on the same day.

 

Catalent invites all interested parties to listen to the webcast, which will be accessible through Catalent’s website at https://investor.catalent.com.

 

A supplemental slide presentation will also be available in the “Investors” section of Catalent’s website prior to the start of the webcast. The webcast replay, along with the supplemental slides, will be available for 90 days in the “Investors” section at www.catalent.com.

 

About Catalent, Inc.

Catalent is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs. Catalent helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of approximately 18,000 includes more than 3,000 scientists and technicians. Headquartered in Somerset, New Jersey, the company generated nearly $5 billion in revenue in its 2022 fiscal year. For more information, visit www.catalent.com.

Contacts

Investor:

Paul Surdez, Catalent, Inc.

(732) 537-6325

investors@catalent.com

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Business Culture Lifestyle Local News Perks

Hughes announces investment program for small businesses

The American Rescue Plan Act permits counties to provide relief to small businesses, many of which were negatively impacted by the COVID-19 global pandemic.

To address those losses, Mercer County Executive Brian M. Hughes advanced a resolution to the Board of Commissioners that enables the county to hire a consultant to manage the county’s new ARPA-funded Small Business Investment Program. The resolution was approved by the board on Dec. 20.

The county has set aside up to a half-million dollars for the program, which is geared to provide direct aid to local small businesses that are likely to have experienced difficulties in obtaining capital through conventional methods, such as small business loans, revenue through creation of stock and traditional investors.

Read more.

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Business Culture Digital - AI & Apps Lifestyle Regulations & Security

Next Solutions Group acquires technologist Tom Cocuzza’s Wells Tech Advisors

Expertise in supporting marketing technology for highly regulated industries

 

AUSTIN, Texas & MORRISTOWN, N.J. — (BUSINESS WIRE) — The Next Solutions Group (NSG) announced the acquisition of Wells Tech Advisors to support marketing technology for businesses, including those in highly regulated industries such as healthcare.


Wells Tech Advisors, which is led by Tom Cocuzza, will be rebranded as NSG Technologies and focus on devOps, engineering, quality assurance, architecture, application management and related disciplines. Those services will complement Next Solutions Group’s offerings, which include corporate reputation/issues management, business intelligence, and cybersecurity.

 

“Tom and his teams have the ability to understand business goals, translate those into specific actions and then build the right solutions, often in highly regulated marketplaces,” said Raymond F. Kerins Jr., founder and CEO of Austin and New York-based Next Solutions Group.

 

“Technology must be there to enable, accelerate and improve business outcomes, which requires a mentality and experienced team that thinks in an agile manner.”

 

NSG and NSG Technologies are part of Next Practices Group (NPG), a founder-driven consortium of firms.

 

Cocuzza most recently served as Practice Leader, Technology Services for Real Chemistry, where he led a 35-person technology team to deliver strategies across Veeva, Marketo, Salesforce and Salesforce Marketing Cloud, as well as bespoke solutions for clients in the healthcare industry.

 

“Tom grew up as a software engineer, lead developer and senior systems engineer, so he knows the ins and outs of devOps, in addition to understanding how to scale this important function,” added John Morea, Global CIO, NPG and Chair, NSG Technologies.

 

“Our mission at NPG is for our IT team to be client-facing, so that our clients and all NPG firms can partner with a best-in-class team.”

 

Cocuzza created Wells Tech Advisors in early 2022 to offer clients a range of skills that include devOps as a service, platform architecture, data engineering, application, cloud service and vendor management and process optimization.

 

“My goal is to build NSG Technologies into a service that streamlines workflow for our clients with a team that knows how to navigate highly regulated industries, such as healthcare, financial services, insurance, energy and other key industries,” stated Cocuzza, founder and CEO of NSG Technologies.

 

About The Next Solutions Group

The Next Solutions Group specializes in corporate reputation/issues management, technology solutions, business intelligence, and cybersecurity and is a member of The Next Practices Group (NPG).

 

NSG’s senior team of professionals has a broad range of experience in business, government, and journalism. We have supported C-suite executives, top government officials, military, and non-profit leaders.

 

We protect and advance our clients’ reputation while ensuring alignment with organizational objectives. We support and coach executives and leaders in preparation for engagement with key audiences, including investors, employees, regulators, and journalists. At a time when companies and their leaders are coming under relentless assault online, we monitor the clear, deep, and dark web to protect their safety and reputation.

 

We represent multinational companies in sectors including healthcare, technology, consumer goods and financial services. Our senior leaders are engaged. We do the day-to-day work. We have engaged with companies that have been under investigations by various governmental agencies, including the Justice Department and the Federal Trade Commission. We have worked on class action lawsuits, executive issues/transitions, corporate layoffs, anti-corporate activism, and cyber/ransomware attacks. Our work has also included M&A, regulatory and product issues such as recalls.

 

About The Next Practices Group

NPG is a founder-driven group formed to create perpetual competitive advantage and value for clients. The group’s combined expertise in leading organizations and in the key disciplines of data science, technology, digital media, issues management, cybersecurity, and marketing communications powers new models and a new approach to doing business.

Contacts

Media:
Madeline Brew

732-207-9917

Madeline.Brew@nextpracticegroup.com

Categories
Business Culture International & World

SHI International names Dwight Moore Chief Information Officer

Moore, who joined SHI last year, has more than 20 years’ experience in technology management with large IT corporations

 

SOMERSET, N.J. — (BUSINESS WIRE) — SHI International, one of the largest IT solutions providers in the world, has appointed Dwight Moore its Chief Information Officer.

 

Moore, who joined SHI last year as Chief Technology Officer, assumes overall responsibility for the continued strategic planning, development, and implementation of transformative technologies that will increase efficiencies, improve the digital experience of customers, partners, and employees, and support SHI’s continued growth goals.

 

Moore brings more than 20 years of senior IT management experience, holding VP or CTO positions at Dell, Dell Financial Services, Presidio, and multiple early-stage, venture-backed companies. His successful track record of IT strategy and management, combined with business and product development, make him ideally positioned to oversee the complex ecosystem of the global IT solutions provider.

 

“Dwight’s unique set of skills and technology management experience made him the right choice to be our CTO last year, and he’s shown what he can bring to SHI’s leadership team ever since,” said Thai Lee, President and CEO of SHI International. “Just as we help our customers use technologies to transform their business, SHI must reinvest in our own technology stack to provide a world-class experience to customers and the employees that support them. Dwight brings the right mix of expertise to his new role as CIO to help the company achieve its goals, and I’m eager to see the progress he and his team will make in 2023 and beyond.”

 

Moore holds a degree in electrical engineering from Texas A&M University.

“SHI has a well-earned reputation for being one of the most friendly, helpful, and knowledgeable technology partners in the industry,” said Moore. “After joining and experiencing this for myself in 2022, my vision is to use technology to reinforce these existing cultural strengths while further developing others, such as efficiency and effectiveness. Taking a holistic approach to our systems and technologies, I believe we will deliver a better experience for all our stakeholders, including customers, industry partners and our 6,000 colleagues.”

 

ABOUT SHI

SHI International Corp. is a $14 billion transformational technology solutions provider serving the needs of more than 15,000 corporate, enterprise, public sector and academic customer organizations around the world. It helps companies achieve business goals through the use of technologies ranging from software licensing and end user computing devices to innovative cloud and edge solutions. With over 6,000 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the U.S.

 

For more information, visit https://www.SHI.com.

Contacts

Press Resources

SHI Corporate Website: http://www.SHI.com
SHI Blog: http://blog.SHI.com
SHI Twitter Handle: @SHI_Intl

Contact

Gregory FCA for SHI International
Matt McLoughlin
610.228.2123
Matt@GregoryFCA.com

Categories
Business Culture

AM Best to co-sponsor and participate at 2023 Emerging Leaders Conference

OLDWICK, N.J. — (BUSINESS WIRE) — #insurance — AM Best again will co-sponsor and participate in the annual Emerging Leaders Conference, which recognizes high-performing individuals and provides professional training to develop the next generation of insurance industry leaders.

 

The event, which will take place Feb. 5-7, 2023, in Charleston, SC, is hosted jointly with the American Property Casualty Insurance Association (APCIA) and the Insurance Careers Movement.

AM Best Rating Services Executive Vice President and Chief Strategy Officer Andrea Keenan will join a panel discussion on Feb. 6, at 10:20 a.m. (EST), titled, “Navigating Global Risks & ESG While Advancing Resiliency.” Additionally, AM Best Senior Financial Analyst Connor Brach, FRM, was selected by conference organizers to be honored as an emerging leader at the annual event. He is responsible for the rating and analysis of a diversified portfolio of property/casualty insurance companies followed by AM Best, notably medical professional liability insurers, as well as captives and other specialty commercial lines writers.

 

“Connor being recognized at the Emerging Leaders Conference underscores his hard work and commitment to AM Best and the insurance industry,” said Keenan. “AM Best is a proud supporter of this conference, and the Insurance Careers Movement as well. We truly appreciate this opportunity to support young professionals as they develop into being tomorrow’s industry leaders.”

 

The Insurance Careers Movement is an industrywide initiative designed to raise awareness of the diverse career options that risk management and insurance offer, and AM Best is actively participating in the movement to address the industry’s critical talent gap issue. The Insurance Careers Movement has grown to more than 1,000 different insurance carriers, companies, media organizations and third-party vendors from around the globe.

 

For additional questions about the conference, please visit the event webpage or contact Marguerite Tortorello, managing director of the Insurance Careers Movement at mt@tortcommunications.com.

 

AMBest TV also will provide coverage of the conference. For daily reports and interviews, visit www.ambest.tv/elc23 during the event or look for the Emerging Leaders Conference-related playlist under the “Event Coverage 2023” tab at www.ambest.tv.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com

Categories
Business Culture Lifestyle

It’s more than pizza. Famed Chef Sal Basile brings Italy to Red Bank

Acclaimed Cooking Channel Chef/Restaurateur Opens First Sally Boy’s Location

 

RED BANK, N.J. — (BUSINESS WIRE) — #italianfood — Sal Basile, celebrated Cooking Channel chef, restaurateur, and one of the country’s foremost authorities in Italian cuisine opened the doors to his first Sally Boy’s restaurant today.

 

Star of the Cooking Channel’s Pizza Cuz and Pizza Masters, Basile is the co-founder of the highly successful Artichoke Basille’s Pizza, as well as numerous Italian specialty restaurants. The Sally Boy’s brand (named after his son and paying homage to Sal’s childhood nickname) is Basile’s futuristic vision come to life.

 

More than just an Italian restaurant, Sally Boy’s serves freshly baked pastries, coffee drinks, grab-and-go breakfast and lunch, Italian specialties, and Basile’s signature pizzas, including the Sally Boy’s Slice®, all prepared on site. The restaurant is located at 1 Broad Street in Red Bank, NJ.


“We set out to create something truly different, so we started with something truly amazing. We’re more than a pizza joint – we’re an experience,” says Chef Basile.

 

“My vision was to create a marketplace of Italian foods that is considered the best of the best – the finest pizza fired in a state-of-the-art Ferrari-red Castelli oven hand-made and shipped directly from Italy; a grab-and-go menu that is fresh and unique each day; gourmet coffee; the freshest baked goods made on premises; Italian specialties that our diners talk about for days; and, of course, the best pizza that our guests have to see and taste to believe.”

 

A True Taste of Authentic Italy

At Sally Boy’s, Basile offers his take on classic Italian cuisine he grew up preparing and eating—a mix of family recipes and new dishes—elevated by the highest quality ingredients shipped directly from Italy. Sally Boy’s specialty pies include the classic Margherita; as well as Bella’s Broccoli Rabe; Nonna’s Eggplant pie; Concetta’s Chicken; Calabrian Sweet Heat, and a wide selection of white and other pies.

 

But the Sally Boy’s experience goes beyond pizza. Guests enjoy specialty rolls, Italian strombolis, burgers, hot dogs, and cheesesteaks, which are made with freshly shaved ribeye. The eatery’s subs include hot classics like chicken; eggplant; meatball; and Italian sausage parmigiana, as well as cold subs like the Old School Italian and Red Bank Classic, named after the Red Bank Catholic High School located down the road from the Sally Boy’s location.

 

In addition, Sally Boy’s serves signature calzones as well as Sal’s specialty the “Salzone,” which is a monster calzone filled with eggplant and cheese, topped with shaved parmigiano and a drizzle of imported Italian extra virgin olive oil.

 

Appetizers range from pepperoni buns and buffalo wings to garlic sticks, as well as a selection of fresh soups and salads. Diners also enjoy fresh-baked Italian desserts like cheesecake, tiramisu, S cookies, and Sfogliatelle all made in house. The restaurant’s breakfast menu features New Jersey favorites like pork roll, bacon, or sausage egg and cheese sandwiches, and a breakfast cheesesteak.

 

Sally Boy’s utilizes state-of-the-art touchless technology, allowing customers to order at one of two kiosks or through their phone, and have the food brought directly to their table or packaged ready for take away. Sally Boy’s also boasts Red Bank’s only street-access late night pickup window located on East Front Street.

 

Mindful Architecture: A Modern Dining Experience Preserving Red Bank’s History

The restaurant is located in the heart of Red Bank’s downtown Core Central Business District on the iconic corner of East Front Street and historic Broad Street. The two story with basement building dates back to the 1940s with improvements and facade restorations conducted throughout the years.

 

Longview Construction’s Bill O’Leary was contracted to oversee the construction and ensure the restaurant’s historical elements were preserved. The building facade is masonry and brick with a gentle swooping curve as the building turns the corner. A large expanse of glass at both levels along with its sleek simple front is reminiscent of the international style from the mid 1900s. Red Bank’s Stephen Raciti Architects was hired to fuse the building’s historic architecture with the necessary updates needed to offer a contemporary aesthetic.

 

The award-winning Cahill Studio, an interior design and branding firm, paired industrial materials with contemporary hardware, countertops, and light fixtures, all complementing the open kitchen design. Each floor is 1,200 square-feet, with the second floor seating 22 people and features floor-to-ceiling retractable garage-style windows.

 

The entire preservation and restoration project represents multi-millions of dollars invested back into the Red Bank community. Basile plans to open additional locations nationwide in the coming years, in addition to offering customers around the country the ability to order Sally Boy’s specialties and pizza and have them shipped anywhere within the U.S. through its online marketplace.

 

Sally Boy’s is open every day for breakfast, lunch, and dinner. Sunday through Wednesday, operating hours are 7:00 a.m. to 10:00 p.m. Breakfast is offered 7:00 a.m. to 11:00 a.m. Lunch and dinner are offered 11:00 a.m. to 10:00 p.m. Thursday through Saturday, a late-night menu and takeout are also available from 10:00 p.m. to 2:00 a.m. For more information and to place online orders, visit www.SallyBoys.com.

Contacts

Media:

Brenda Urban

Percepture

burban@percepture.com
(973) 477-8456

Categories
Culture Local News

County Exec. Hughes honors memory and teachings of Dr. Martin Luther King Jr.

Mercer County proudly celebrates the life and legacy of Dr. Martin Luther King Jr. on Monday, Jan. 16, 2023.

 

This holiday is a chance for us to think about our values and goals, and how we might honor the tremendous intellectual and spiritual legacy left by Dr. King.

 

Here in Mercer County, we’re still working hard to realize the dreams and visions of Dr. King. My administration has always committed itself not only to ethnic and racial diversity, but also to the celebration of that diversity. When I became County Executive, I made a promise that I would create a government that reflected the people we represent. Proudly, I kept that promise and among Mercer County government’s greatest strengths is its diverse makeup and inclusive spirit.

 

My Cabinet is the most diverse in Mercer County history, represented equally by men and women, and half who are people of color, and our day-to-day operations are led by a woman, also a first for Mercer County.

 

In addition to diversity, we’re working to provide people in Mercer County with the conflict resolution skills that Dr. King called on so often in his work. And we’re teaching our young people, regardless of racial or economic background, to become good leaders and role models in their communities.

 

We’re empowering young people to make positive choices in their educations, careers, and relationships; we are giving them the tools they need to have the life of their dreams; and we are giving a second chance to those who are down.

 

As we work to empower our young people to make positive choices, no tool can serve us better than our own love for one another. Even though the acts of goodwill that we perform on a daily basis can seem small, this simple spirit of kindness and outreach can foster tremendous progress.

 

Let’s work together to kindle the spirit of Dr. Martin Luther King Jr. – the spirit of tolerance and mutual respect that he envisioned for every citizen of this great world.

Categories
Business Culture Politics

Carnegie Reporter magazine’s Winter 2022 edition — The Voting Issue: People. Protections. Participation. — Focuses on the Power of our Electorate.

  • Governor Thomas H. Kean, former chair of the 9/11 Commission, calls for a return to bipartisanship as an antidote to political polarization
  • Brennan Center for Justice’s Michael Waldman writes about the central ideal of our founding: that government is legitimate only when it rests on the “consent of the governed”
  • Data journalist Mona Chalabi visualizes voter turnout with stunning finds for local elections
  • Historian Timothy Snyder, economist Sergei Guriev, and political scientist Daniel Treisman offer insights on tyranny and the rise of dictatorships
  • The Corporation’s Geri Mannion explains philanthropy’s responsibility to protect voting rights as central to the struggle for racial justice — and not just when there is an election
  • Journalist Judy Woodruff interviews Dame Louise Richardson about her lifetime of firsts, including being the first woman to lead Carnegie Corporation of New York as its new president

 

NEW YORK — (BUSINESS WIRE) — #WeHaveIdeas–At a time when many Americans are talking about our democratic ideals and the forces that both fortify and undermine them, the Winter 2022 edition of Carnegie Reporter magazine looks at how individuals and society can best advance two key values of American democracy: voter participation and voter protections.


The Voting Issue: People. Protections. Participation. was produced by the philanthropic foundation Carnegie Corporation of New York. The Winter 2022 edition of the magazine assesses challenges to democracy, such as political polarization, as well as possible solutions, such as universal civic duty voting, and celebrates some of the people who safeguard the voting system, ensuring its integrity at the federal, state, and local levels. The issue provides context and analysis through a breadth of articles written by Corporation leadership, grantees, academics, frontline practitioners, and others with deep knowledge of the subject, including a sense of what the future will likely hold.

 

The edition also provides an opportunity to get to know Dame Louise Richardson, the new president of Carnegie Corporation of New York and the first woman to lead the foundation. In an interview with Emmy Award–winning journalist and long-serving Corporation trustee Judy Woodruff, Richardson talks about her life of firsts, including being the first woman to lead both the University of Oxford and the University of St. Andrews; the role of philanthropy in society and in her own academic career; and the dangers of polarization and binary thinking. “The Augustinian precept audi alteram partem — listen to the other side — should be our motto,” commented Richardson.

 

“With a deep dive into the voter protections and participation that are needed to maintain and guarantee a healthy democracy, the latest issue of the Carnegie Reporter offers insights from experts –– including from our new president, Louise Richardson, a noted specialist on international terrorism and foreign policy –– on the challenges and opportunities for our American democracy,” said Julia Weede, the Corporation’s chief communications officer. “We also hear from former New Jersey governor Thomas H. Kean, chairman of the Corporation’s board of trustees, about the desperate need for politicians to overcome their hostile political divides. And we show you democracy in action through the images of American photojournalist Sue Dorfman, who brings us the extraordinary mosaic of this year’s election season.”

 

“Philanthropy has a long and distinguished record of standing up for the voting rights of vulnerable populations, including in recent decades, and we are pleased to publish this collection of the latest thinking and most effective work underway in the sector,” said Geri Mannion, managing director of the Corporation’s Strengthening U.S. Democracy program. “There is still more work to be done — as we are learning from the latest wave of efforts to suppress the vote. We believe that no matter what issues philanthropic organizations focus on, we will get better results if all Americans can participate equitably in our democracy and hold our government leaders accountable.”

 

Among the articles:

The Importance of Bipartisanship Thomas H. Kean, chairman of Carnegie Corporation of New York’s board of trustees, draws from his role as chair of the 9/11 Commission to make a case for a return to bipartisan collaboration, noting that we can start by respecting each other: “Only bipartisan efforts will stand the test of time and best serve this country’s needs.”

 

The Fight to Vote — It’s at the Heart of American History Michael Waldman, president of the Brennan Center for Justice, provides historical context, arguing that the struggle for voting rights is never over. “The fight for the vote over the years has been more than a clash of classes, parties, factions, races, and interests. It has been a long drive, stumbling, retreating, but ultimately in one direction: toward fulfilling that ideal.”

 

Protecting and Advancing the Right to Vote Due to the pandemic, the 2020 election was also one of the friendliest to voters, resulting in the highest voter turnout in more than a century. Since then, multiple states have passed laws making it harder to vote. The Corporation has funded nonprofits working on voting issues for more than 40 years. Learn how Corporation grantees helped achieve 2020’s record turnout and the range of strategies they are using in response to the changing conditions of voting in America.

 

How Could Universal Civic Duty Voting Improve American Democracy? Social policy expert and author Heather McGhee writes about how political campaigns in America would change, amid other consequences, if voter participation were required by law. Such a policy would give America a voting system where everyone would count, writes McGhee, and the electorate would look far more like America.

 

A Dozen Ways to Increase Voting in the United States E. J. Dionne Jr. and Miles Rapoport, coauthors of a book about universal civic duty voting, propose a list of reforms needed to lay the groundwork for successful implementation. They say federal law must promote changes in three areas: expanding opportunities to register, increasing options for voting, and strengthening effective election administration.

 

What Can Philanthropy Do to Protect and Expand Voting Rights? As a leading voice in the sector, the Corporation’s Geri Mannion writes, “The latest efforts to suppress the votes of Americans demand that philanthropies across issues, from environment and education to health care and economic justice, do more by continually supporting the expansion and protection of voting rights — and not just at election time.”

 

All Elections Matter: Vote! & Vote Local! Data journalist Mona Chalabi visualizes an overlooked disparity between voter turnout for national elections (66.8 percent) and local elections, such as school board races (5 to 10 percent). Locally elected school board members compose the largest group of elected officials in the U.S. Overseeing huge budget allocations, they make decisions that influence the safety, mental health, and teaching of more than 50 million public school students.

 

On the Line: Democracy in Action Center Point features the work of photojournalist Sue Dorfman. For decades, she has traveled the country documenting the power of the vote and the importance of participating in ways large and small to strengthen our democracy. From Arkansas to Ohio, from Maryland to Mississippi, the visual stories she’s captured are as varied as they are inspiring.

 

Additional highlights:

Andrew Carnegie Fellow and historian Timothy Snyder suggests 20 specific ways to defend democracy with an emphasis on individual actions; Andrew Carnegie Fellow and political scientist Daniel Treisman and economist Sergei Guriev look at what is driving a worldwide surge in the number of dictatorships, which now outnumber democracies; a profile of linguist Nana Aba Appiah Amfo, the first female vice-chancellor of the University of Ghana, charts the course of her distinguished career in academia, including fellowship support from the Corporation; and two New York City high school students talk about their experiences with grantee Transcend, a nonprofit that creates tools to elevate stakeholder voices in educational decision-making.

 

From the Corporation’s International Peace and Security program, grantees and experts offer brief perspectives on how Russia’s invasion of Ukraine is likely to alter the world order; and senior resident fellow Sharon K. Weiner explains the vital role of the nongovernmental sector in reducing nuclear threats and the need for public awareness of weapons programs and nonproliferation.

 

For more information, visit the online issue of the Carnegie Reporter. Subscribe to receive the print version of the magazine and the foundation’s newsletters — these resources for knowledge to inspire informed action are always free.

 

The Reporter has been the flagship “magazine of ideas” for Carnegie Corporation of New York for more than 20 years, assessing emerging trends and urgent challenges and offering ideas to inspire informed action because #WeHaveIdeas. Readers are encouraged to republish or excerpt articles by seeking permission from the foundation.

 

About Carnegie Corporation of New York. Carnegie Corporation of New York was established by Andrew Carnegie in 1911 to promote the advancement and diffusion of knowledge and understanding. In keeping with this mission, the Corporation’s work focuses on the issues that Carnegie considered of paramount importance: education, international peace, and a strong democracy. @CarnegieCorp

Contacts

Julia Weede

Chief Communications and Digital Strategies Officer

Carnegie Corporation of New York
JW@carnegie.org; 347-205-2932

Categories
Business Culture

Celularity and CH Trading Group announce product distribution agreement with Tamer Group to be the exclusive distributor for the Kingdom of Saudi Arabia

Tamer Group will be the exclusive distributor of the Celularity branded biomaterial products in Saudi Arabia, opening access to Celularity’s Halal-Certified regenerative biomaterial, health and wellness products

 

FLORHAM PARK, N.J. & RIYADH, Saudi Arabia — (BUSINESS WIRE) — Celularity Inc. (Nasdaq: CELU) (“Celularity”), a U.S.-based biotechnology company developing placental-derived allogenic cell therapies and biomaterial products, and CH Trading Group LLC (“CH Trading Group”), an international import, export and trading company, today announced that they have entered into an exclusive distribution agreement with the Tamer Group (“Tamer”). The Tamer Group, a leading Middle East healthcare distribution company, will be the exclusive distributor for Celularity’s branded regenerative biomaterial products in Saudi Arabia.

“Celularity’s Halal-Certified regenerative biomaterial products enable Tamer to realize our fundamental ambitions of contributing to personal wellness and public health, as well as supporting Saudi Arabia’s Vision 2030 plan for healthcare innovation and development,” said Tamer Group Chairman & Managing Partner, Ayman Tamer.

 

“We are looking forward to partnering with Celularity and CH Group on this exciting opportunity across Saudi Arabia and providing unprecedented access to these cutting-edge therapeutics to all members of the community,” stated Dr. Yasser Khattab, Tamer Group Healthcare CEO.

 

According to the most recent analysis by Emergent Research, the worldwide regenerative medicine market was US $9.80 billion in 2021, and is anticipated to grow at a revenue compounded annual growth rate of 15.9% to reach US $37.10 billion in 2030.

 

“Saudi Arabia is a prime market for Celularity’s commercial regenerative biomaterial products,” said CEO of CH Trading Group, Sayed Zayan. “We are excited to partner with Tamer Group and to be a part of fulfilling their commitment to the development of the Kingdom’s healthcare sector.”

 

Through the agreement, CH Trading Group will distribute to more than 100 countries that are members of or associated with the following intergovernmental organizations (“Islamic Markets”):

  • The Organization of Islamic Cooperation, which has 57 member countries on four continents;
  • The Gulf Cooperation Council, comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates; and
  • The African Union, which has 55 member countries.

 

“Today’s announcement marks an important next step in Celularity’s Islamic Markets strategy, to bring our innovative Halal-Certified – under globally recognized Circle H International Inc. standards – regenerative biomaterial products to treat degenerative disease into the Saudi Arabia market,” said Celularity’s CEO, Chairman and Founder, Robert J. Hariri, M.D., Ph.D. “This is an important validation of our unique business model, which creates multiple cellular therapeutics, advanced biomaterials and derivatives from the single source material, and our proprietary manufacturing processes.”

 

Celularity’s suite of biomaterial products include:

  • Biovance®, a decellularized, dehydrated human amniotic membrane derived from the placenta of a healthy, full-term pregnancy. Biovance® is an intact, extracellular matrix structure that is indicated for use in the United States as a natural scaffold to support the body’s wound healing process.
  • Biovance® 3L and Biovance® 3L Ocular, tri-layer human amniotic membrane products focused on the surgical and ocular markets and available in both sheet and disk form.
  • Interfyl®, a human connective tissue matrix derived from the placenta of a healthy, full-term pregnancy. It is indicated for use in the United States to replace or supplement damaged or inadequate integumental tissue resulting from wounds, trauma, or surgery.
  • CentaFlex®, a decellularized human placental matrix derived from the umbilical cord that is indicated for use in the United States as a surgical covering, wrap or barrier to protect and support the repair of damaged tissue.

 

It is anticipated that these biomaterial products are to become available in Saudi Arabia in 2023 following receipt of approval from the Saudi Food and Drug Authority. Tamer is expected to be Celularity’s and CH Group’s local strategic partner for Celularity’s Lifebank business model for placenta and cord blood banking, as well as for a new Serum Banking business and other potential research and development collaborations.

 

About Celularity

Celularity Inc. (Nasdaq: CELU) headquartered in Florham Park, N.J., is a U.S.-based biotechnology company leading the next evolution in cellular medicine by developing allogeneic cryopreserved off-the-shelf placental-derived cell therapies, including therapeutic programs using unmodified natural killer (NK) cells, genetically modified NK cells, T-cells engineered with a CAR (CAR-T cells), and mesenchymal-like adherent stromal cells (MLASCs). These therapeutic programs target indications in cancer, infectious and degenerative diseases. In addition, Celularity develops and manufactures innovative biomaterials also derived from the postpartum placenta. Celularity believes that by harnessing the placenta’s unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies.

 

To learn more, visit www.celularity.com.

 

About CH Trading Group

CH Trading Group LLC (“CH Trading”) is part of the CH Group family of companies (www.chgroupus.com). CH Group constitutes a diversified conglomerate targeting eight economic “Sectors”: healthcare, pharmaceuticals, food, finance, cosmetics, tourism, fashion, media/entertainment. Spanning a variety of multi-national products, services and solutions, its world mission involves connecting, developing and promoting, from Local to Global™ and throughout the world, all aspects of a wholesome, healthy and productive lifestyle.

 

CH Trading focuses on international import/export and trade, prioritizing the countries of the Organization of Islamic Cooperation (OIC), as well as the Middle East and North Africa (MENA) and Gulf Cooperation Council (GCC) Regions. It has responded to worldwide demands for identifying and securing supply chains by introducing innovative products, including from the US, and developing a robust distribution network for goods.

 

To learn more, visit www.chgroupus.com

 

About Tamer Group

Tamer Group is a leading healthcare, beauty care, prestige products, fast-moving consumer goods, and third-party logistics company that caters to the Saudi and Middle Eastern communities’ rising demands. Importing, distribution, promotion, marketing, and manufacturing are the Group’s main businesses.

 

Tamer Group, based in Jeddah, Saudi Arabia, provides services to many of the world’s leading companies through a variety of agreements, partnerships, and joint ventures. Because of its distinctive approach to business, service, and customer portfolio, the company has established a special position in the Saudi market.

 

To learn more, visit www.tamergroup.com

 

Celularity Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995, as well as within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are “forward-looking statements,” including those relating to future events. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and the negative of terms like these or other comparable terminology, and other words or terms of similar meaning. The forward-looking statements in this press release include express or implied statements regarding the market opportunity for Celularity’s products; growth in the worldwide regenerative biomaterial market; timing of receipt of approvals from regulatory authorities; Celularity’s ability to establish a presence and operate in Saudi Arabia and Islamic Markets, develop opportunities for commercial stage regenerative biomaterial products and investigational products in Saudi Arabia, Islamic Markets and broader global markets, as well as establish its biobanking business in Saudi Arabia and Islamic Markets, among others. Many factors could cause actual results to differ materially from those described in these forward-looking statements, including but not limited to: the inherent risks in biotechnological development, including with respect to the development of novel cellular therapies, and the clinical trial and regulatory approval process; and risks associated with Celularity’s current liquidity, as well as developments relating to Celularity’s competitors and industry, along with those risk factors set forth under the caption “Risk Factors” in Celularity’s annual report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 31, 2022, as amended on July 15, 2022, and other filings with the SEC. These risks and uncertainties may be amplified by current economic situations, including inflation, supply chain issues and overall economic uncertainty. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Celularity does not presently know, or that Celularity currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, these forward-looking statements reflect Celularity’s current expectations, plans, or forecasts of future events and views as of the date of this communication. Subsequent events and developments could cause assessments to change. Accordingly, forward-looking statements should not be relied upon as representing Celularity’s views as of any subsequent date, and Celularity undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contacts

Media

Celularity:
Edelman Smithfield for Celularity

Celularity@edelmansmithfield.com

Investor Relations


Celularity:
Edelman Smithfield for Celularity

CelularityIR@edelmansmithfield.com

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Bristol Myers-Squibb volunteers lead science program for kids

On a recent Saturday, County Executive Brian M. Hughes stopped by to say hello to Mercer County 4-H leaders and volunteers from Bristol Myers-Squibb, who since 2013, have partnered to engage more than 600 Trenton area youth in science, technology, engineering and math (STEM) activities one Saturday per month throughout the school year.

The program, Tomorrow’s Innovators, builds awareness and interest in science and engineering while providing many opportunities for youth to develop and practice STEM skills alongside caring and supportive mentors.

Mercer County 4-H Program Associate, Rodrigo Sanchez Hernandez, is the day-to-day director of this initiative. He designs the curriculum and trains the BMS volunteers each month to prepare them for their role in working with the students.

The program is at the Mercer County Extension headquarters at 1440 Parkside Ave., Ewing. To get involved in Mercer County 4-H Club as a participant or a volunteer, or to learn more about 4-H’s exciting programs and services, visit https://mercer.njaes.rutgers.edu/4h/