Fintech PR
Hexagon Expands Leica BLK Series, Revolutionising Reality Capture for Infrastructure, Safety, and Mobility Applications
Hexagon AB, a global leader in sensor, software and autonomous solutions, today introduced two new additions to the Leica BLK series. The Leica BLK2GO is the smallest portable, completely integrated handheld-imaging scanner in the industry, and the Leica BLK247 is the first 3D laser-scanning sensor for security surveillance providing continuous, 24/7 situational awareness.
“Extending the BLK series continues Hexagon’s 20-year focus on revolutionising reality capture,” said Ola Rollén, Hexagon President and CEO. “These sensors are not only ground-breaking for their technical capabilities, but also for their practicality. The Leica BLK2GO can be taken anywhere, and the Leica BLK247 never sleeps.”
The Leica BLK2GO introduces never-before-seen mobility for scanning complex indoor environments. The handheld-imaging laser scanner combines visualisation, LiDAR, and edge-computing technologies to scan in 3D while in motion, allowing users to be much more agile and efficient in capturing objects and spaces. The BLK2GO has a wide range of applications from adaptive reuse projects in the architecture and design industries to location scouting, pre-visualisation, and VFX workflows for media and entertainment.
The Leica BLK247 is designed for continuous 3D reality capture, extending capabilities for safety and security applications. The sensor provides real-time situational awareness through edge computing and LiDAR-enabled change-detection technology. Using artificial intelligence, the BLK247 can tell the difference between still and moving objects — such as a person walking who leaves a suitcase behind — and identify security threats to provide real-time alerts for both expected and unexpected changes. The BLK247 greatly enhances situational awareness within restricted or high-security spaces, as it eliminates the need for people to constantly monitor walls of security screens or smart building dashboards.
The Leica BLK2GO and Leica BLK247 are among the many innovative solutions being showcased this week at HxGN LIVE 2019, Hexagon’s annual digital technology conference.
SOURCE Hexagon
Fintech PR
J.S. Held Welcomes Technical Expert Christopher Furlough and Releases White Paper on Software and Firmware Reverse Engineering & Testing
Christopher Furlough oversees software and firmware technical services for Ocean Tomo, a part of J.S. Held.
JERICHO, N.Y., March 19, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, welcomes software and firmware technical expert Christopher Furlough to Ocean Tomo, a part of J.S. Held. He joins a specialized technical team that combines technical excellence, patent expertise, and business acumen to partner with in-house corporate intellectual property (IP) groups, outside counsel, and financial institutions to dig into complex systems. “Christopher Furlough’s 30+ years’ experience in embedded firmware extraction and analysis, software code analysis, coding/processing firmware extraction and analysis, system and applications software analysis, and enterprise data flow analysis across a variety of programming languages is in high demand by our leading global tech company clients”, shares Chris Wichser, Senior Managing Director who oversees the technical specialty service experts for the firm, speaking from the IPBC Europe 2024 in Munich.
Christopher Furlough’s experience across software applications, including processor security, operating systems, networking, user interfaces, and device drivers, across a diverse array of products and software has resulted in deep technical understanding. Chris Wichser adds, “His ability to understand and analyze devices and systems requires a system-level approach where hardware analysis (such as circuit analysis or process analysis) complements a system-level analysis, such as functional testing, firmware analysis, and software analysis.” Chris Wichser added, “Christopher understands how hardware and firmware/software work together to perform desired functions or tasks, which is an important enabler to unlock the value of the intellectual property in the systems.”
“Identifying evidence of Use (EoU) for patented technologies can be intricate and potentially costly,” shares Christopher Furlough. “This is particularly true when considering the deeply embedded nature of patented functionalities within products and methodologies. Accessing information regarding these functionalities is often challenging, requiring specialized techniques and tools,” he adds. In his paper, Software and Firmware Analysis, Reverse Engineering & Testing for Establishing Evidence of Use or Non-Use, software/firmware development, and reverse engineering expert Christopher Furlough explores three primary approaches that are commonly employed in the quest for EoU:
- Analysis of publicly available information
- Device, system, and applications testing
- Reverse Engineering
The paper is available to download here: https://oceantomo.com/download-software-firmware-white-paper/.
The journey to uncover EoU for patented technologies begins with assembling the required expertise, including IP, testing, and/or RE, as well as technical expertise in the technology of interest. This multifaceted approach blends analysis of publicly available data, rigorous testing, and sophisticated reverse engineering techniques, contributing to a comprehensive understanding of patented functionalities and their implementation within products and methodologies.
Through the IEEE and IEEE-CS, Christopher’s commitment to supporting the education of the next generation of software & firmware technical experts, supporting enhanced understanding of how hardware and firmware/software work together to perform desired functions or tasks which is an important enabler to unlocking the value of intellectual properties in the systems (including embedded systems) area. Learn more about the dedicated and entrepreneurial experts who help transform J.S. Held, explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Contact:
Kristi L. Stathis
Global Public Relations
J.S. Held
+1 786 833 4864
[email protected]
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Fintech PR
The Next Great Biotech Boom Has Arrived
FN Media Group Presents GlobalInvestmentDaily.com Market Commentary
LONDON, March 19, 2024 /PRNewswire/ — The U.S. Federal Drug Administration (FDA) has now designated psilocybin, a classical compound found in “magic mushrooms,” as a “breakthrough therapy” for the treatment of major depressive disorder three times. And the world’s largest clinical trial ever into the use of psilocybin for treating depression at London hospital in what scientists are hailing as a “milestone” in mental health research. Mentioned in today’s commentary includes: Johnson & Johnson (NYSE: JNJ), COMPASS Pathways plc (NASDAQ: CMPS), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), Atai Life Sciences N.V. (NASDAQ: ATAI), AbbVie Inc. (NYSE: ABBV).
This new frontier in treatment has kickstarted a multi-trillion-dollar industry geared at fixing the brain through therapy.
Johnson and Johnson has gone all in on its fastest-growing drug for depression, SPRAVATO, which is the only FDA-approved psychedelic medicine on the market. In its Q4 2023 earnings released in January, JNJ reported a 74.1% increase in sales of SPRAVATO worldwide and views the drug as its next billion-plus product.
And some of the core team members behind the development of the SPRAVATO have now joined a small, but emerging NYSEAmerican-listed company, CYBIN (CYBN, CYBN.NE).
CYBIN has now been granted “Breakthrough Therapy Designation”, and is the first adjunctive psychedelic-based therapy for Major Depressive Disorder (MDD) ever to receive this FDA designation.
Oppenheimer initiated coverage on CYBN last year, saying it was encouraged by the results so far and believed the stock would have room to run further with new results. It has a price target of $4.
H.C.Wainwright & Co. took it further, with a price target of US $10.00 per share, after the recent Small Pharma acquisition.
But with impressive Phase 2 results showing remission after only two doses and a coveted FDA designation, this small company is now poised for much greater attention from investors.
Phase 2: Behind the Breakthrough Therapy Designation
CYBIN is developing differentiated, next-generation therapeutics that hope to offer fast, sustained therapeutic effects that are safe and tolerable, with efficacy in only 1-2 doses and short in-clinic times.
The company is on the leading edge of transformational psychedelic therapeutics, developing novel and proprietary therapeutics to improve clinical outcomes and patients’ mental health and well-being. The emerging biopharmaceutical company already has clinical validation of the novel, proprietary CYB003 molecule, which demonstrates a rapid-acting and robust psychedelic profile at a low dose. And it’s been pounding the patent pavement, too.
In August, CYBIN agreed to acquire Small Pharma Inc in an all-share transaction that creates an international clinical-stage leader in novel psychedelic therapeutics. The companies’ combined portfolios, at closing, will include two proprietary, advanced clinical programs in development for depression and anxiety disorders with demonstrated safety and efficacy. The combined portfolio creates the industry’s largest, most advanced, well protected DMT program.
The combined company has the intellectual property strength of 29 patents granted and 158 patents pending in the psychedelic drug development sector. That is the largest portfolio in the industry.
Phase 2 topline efficacy data for the company’s CYBOO3 was one of the biggest drivers of value for CYBIN in the near-term, and the results were even better than expected.
Now that it’s been granted “Breakthrough Therapy Designation”, CYBIN is targeting the potential for its CYB003 to achieve “Best-in-Class Status”, and it’s confident it has a solid shot at this.
In targeting depression, CYBIN’s CYB003 is hoping to offer a lifeline to a chronic illness that victimizes some 280 million people around the world. They are also targeting what is now recognized as the leading cause of disability in the world, which costs the global economy an estimated $1 trillion in lost productivity annually.
Nowhere But Up: The Next Near-Term Catalysts
CYBIN plans to initiate its Phase 3 study of CYBOO3 in MDD in the middle of this year, with the Phase 2 study of CYB004 in Generalized Anxiety Disorder (GAD) launched on March 15.
For the Phase 2 proof-of-concept study of CYB004, CYBIN is using its proprietary DMT molecule, which was developed for the treatment of GAD, following the FDA’s clearance of its new drug application in January.
“We are building on foundational investigative work from our Phase 2a trial of intravenous SPL026 (DMT) which showed preliminary evidence of effectiveness treating anxiety with rapid onset of antidepressant effects and reduction in anxiety scores,” Drysdale said in a press release.
“The molecular structure of psilocybin, a naturally occurring psychedelic compound found in ‘magic mushrooms,’ allows it to penetrate the central nervous system and the scientific and medical experts are just beginning to understand its effects on the brain and mind and its potential as therapeutics for mental illnesses,” according to Johns Hopkins Center for Psychedelic and Consciousness Research. This is a space where proprietary IP is absolutely essential, and Cybin now has 29 patents granted and 158 patents pending.
CYBIN (CYBN, CYBN.NE) is a clear leader in the biotech race for an alternative to the antidepressant empire, and now it has breakthrough therapy status, and is the first adjunctive therapy known to achieve this for massive depressive disorder.
Big Pharma is Racing for a Piece of the Pie
Johnson & Johnson (JNJ) is a global leader in healthcare, with a diverse portfolio that spans pharmaceuticals, medical devices, and consumer health products. Within this vast array, Janssen, its pharmaceutical branch, has made significant strides in mental health with esketamine, marketed as Spravato. This nasal spray, a derivative of the anesthetic ketamine, represents a significant breakthrough, gaining FDA approval for use in treatment-resistant depression. The approval of Spravato underscores J&J’s commitment to addressing complex mental health challenges.
AbbVie (ABBV) emerged as a standalone biopharmaceutical entity following its split from Abbott Laboratories in 2013. Focused on discovering treatments for a wide range of diseases, including rheumatoid arthritis and various cancers, AbbVie’s acquisition of Allergan expanded its reach into the burgeoning field of psychedelics for mental health. Allergan, known for its pioneering work in this area, has enriched AbbVie’s pipeline with potential psychedelic-based therapies.
Atai Life Sciences (ATAI) is at the forefront of transforming mental health care, prioritizing the development of treatments for mental health disorders. Atai’s innovative strategy encompasses a wide array of compounds, including psychedelics. The company’s collaborative approach, partnering with leading firms to accelerate the development of groundbreaking therapies, exemplifies its commitment to pioneering advancements in mental health treatment.
Compass Pathways (CMPS) is pioneering the therapeutic use of psilocybin, focusing its research efforts on addressing treatment-resistant depression. The company’s clinical trials and research initiatives are part of a larger mission to establish psilocybin therapy as a validated treatment option, highlighting the potential of psychedelics to offer profound therapeutic benefits. Compass’s dedication to rigorous scientific inquiry and ethical research practices positions it as a leader in the psychedelic research community, contributing valuable insights that could reshape mental health care.
MindMed (MNMD) tands as an innovator in the neuro-pharmaceutical industry, delving into the therapeutic potential of psychedelics for treating a range of mental health conditions. MindMed’s exploratory work with substances such as LSD, MDMA, DMT, and psilocybin is driven by a vision to unlock new treatment pathways for conditions like anxiety, depression, and addiction. Recent advancements in MindMed’s research highlight the company’s role in pioneering the use of psychedelics as therapeutic agents, underscoring the potential of these substances to revolutionize mental health care.
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Fintech PR
Alan Kirshner, former Chairman and CEO of Markel Group, passes away
RICHMOND, Va., March 19, 2024 /PRNewswire/ — Alan Kirshner, 88, former Chairman of the Board and Chief Executive Officer (CEO) of Markel Group Inc. (NYSE: MKL), passed away on March 17, 2024.
Kirshner joined Markel in 1960 and played a substantial role in transforming the company from a privately held regional insurer to a family of businesses with global reach. He joined the Board of Directors in 1978 and became Chairman and CEO in 1986, the same year Markel became a public company. Kirshner served as CEO through 2015, became Executive Chairman in 2016, and then became Chairman Emeritus in 2020. Over that period, the company grew from less than 300 associates to more than 20,000 today.
“This is a sad day,” said CEO Tom Gayner. “It’s hard to put into words the legacy and impact of Alan Kirshner. He was as savvy and hard-working a leader as anyone I ever met, but it was his commitment to people that really set him apart. Alan was by nature a builder and dedicated his life to building a company that could serve others for generations to come. In doing so, he taught us that there is nothing more important in business and life than treating people with kindness and respect. It’s a lesson and legacy that we’ll never forget.”
Kirshner was the lead author of a cultural creed that the company calls the Markel Style. The statement, which stands unchanged since being written in 1986, captures the values that define Markel Group’s culture—including their zealous pursuit of excellence, sense of humor, honesty, disdain for bureaucracy, and commitment to communities. The latter of which Kirshner reinforced with his own community investments, including starting the Faison School for autistic children and the Partnership for the Future program to help students in underserved communities attend college.
“Words alone cannot express my gratitude for having been his friend and partner for the last 64 years,” said Vice Chairman Tony Markel. “He was the consummate leader…kind, caring, generous, respectful, and above all a great listener. As the author of the Markel Style, his legacy is assured endurance.”
Chairman of the Board Steve Markel added, “I worked side-by-side with Alan for nearly five decades. He was a visionary, challenging leadership and the organization to embrace change, innovate, create, and strive for a better way. Through the Markel Style, his spirit and principles will live forever within Markel Group.”
About Markel Group
Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group’s durability and adaptability. It’s a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit mklgroup.com to learn more.
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