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Hugel aims to secure strong business coverage in the region via the strategic partnership The MENA aesthetic market is projected to witness strong growth in the next few years with UAE and Saudi Arabia taking the lead SEOUL, South Korea , Nov. 21, 2024 /PRNewswire/ -- Hugel Inc., a leading global medical aesthetics company, said on Friday it will spur expansion in the botulinum toxin market of the Middle East and North Africa (MENA) via a strategic partnership with Dubai -headquartered aesthetic and medical distribution partner Medica Group. The two companies have recently entered into an agreement to bolster the distribution of Hugel's toxin Botulax in the key markets of the region. Hugel, which exports its own toxin to 64 markets including the US, Europe and China , the world's three largest toxin buyers, obtained sales approval for Botulax in the Middle East last year. Medica Group is a leading player in the region and has strong distribution networks through its head office in the United Arab Emirates (UAE) and branches in Saudi Arabia and Lebanon . The company distributes medical aesthetic products from about 30 global brands, proving their solid know-how in the field and strong execution capabilities in the MENA. The MENA is one of the fastest growing regions for medical aesthetics, driven by strong economic momentum, favorable demographic characteristics, increasing accessibility to social media as well as social and consumption transformation. Hugel's Executive Chairman, Suk Cha , commented on the partnership: "We are very pleased to enter into this strategic collaboration with Medica Group. The Middle East represents a key market for Hugel, with its rapidly growing demand for medical aesthetic treatments. We have chosen Medica Group as our distributor because they share our commitment to excellence and quality. Their proven expertise, extensive reach and deep understanding of the region make them the ideal partner to bring our Botulax product to this dynamic region. Botulax is recognized globally for its quality, and we are confident that, through this partnership, it will become a leading choice for medical professionals and patients in the Middle East and Africa ." Andre Daoud , CEO of Medica Group, highlighted the importance of this collaboration: "Our partnership with Hugel marks a key milestone for us as we continue to expand our portfolio and lead the aesthetics market with global solutions. The introduction of Botulax in the Middle East and Africa offers healthcare professionals access to a world-class botulinum toxin that is highly trusted for its quality, safety, and performance. This strategic partnership aligns with our mission to provide advanced, innovative products and services that meet the demands of the region's growing beauty and medical aesthetics market. Hugel's global expertise, combined with our deep local knowledge and network, will create tremendous value for our customers and their patients." About Hugel Established in 2001, Hugel is a leading global medical aesthetics company that manufactures injectables for skin rejuvenation such as botulinum toxin, hyaluronic acid fillers and skin boosters as well as absorbable sutures and cosmetics products. The company is the only South Korean supplier to the world's three largest botulinum toxin markets, the US, China and Europe . It exports medical aesthetic products and devices to around 70 countries and operates eight global subsidiaries in the US, Australia , Canada , Taiwan , China , Hong Kong and Singapore . About Medica Group A leading partner in the field of aesthetic medicine, Medica Group continues to push the boundaries of beauty and wellbeing in the region. Being at the forefront of the industry, the group is renowned for its innovative approach, state-of-the-art solutions with a solid commitment to delivering outstanding results and setting new standards in aesthetics. A trusted partner for international aesthetic brands, Medica showcases a commitment to excellence and quality through the technologies of its product and services, and the collaboration of the aesthetic medicine community. Contact: Jihyun Kim , Manager of the PR Team, Hugel jihyun.kim@hugel-inc.com View original content to download multimedia: https://www.prnewswire.com/news-releases/hugel-and-medica-join-forces-to-boost-botulinum-toxin-sales-in-middle-east-north-africa-302313729.html SOURCE HugelNone
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SEOUL, South Korea — A jetliner skidded off a runway, slammed into a concrete fence and burst into flames Sunday in South Korea after its landing gear apparently failed to deploy. All but two of the 181 people aboard were killed in one of the country’s worst aviation disasters, officials said. The Boeing 737-800 operated by Jeju Air plane arrived from Bangkok and crashed while attempting to land in the town of Muan, about 290 kilometers (180 miles) south of Seoul. Footage of the crash aired by South Korean television showed the plane skidding across the airstrip at high speed, evidently with its landing gear still closed, and slamming into the wall, triggering an explosion and generating plumes of thick, black smoke. The crash killed 179 people, the South Korean fire agency said. Emergency workers pulled two crew members to safety. They were conscious and did not appear to have any life-threatening injuries, health officials said. The chief of the Muan fire station, Lee Jeong-hyeon, told a televised briefing that the plane was completely destroyed, with only the tail assembly still recognizable in the wreckage. Officials were investigating the cause of the crash, including whether the aircraft was struck by birds, Lee said. The control tower issued a warning about birds to the plane shortly before it intended to land and gave the crew permission to land in a different area, Transport Ministry officials said. The crew sent out a distress signal shortly before the crash, officials said. Investigators retrieved the jet's flight data and cockpit voice recorders, said senior Transport Ministry official Joo Jong-wan. He said it may take months to complete the probe into the crash. The runway will be closed until Jan. 1, the ministry said. Video of the crash indicated that the pilots did not deploy flaps or slats to slow the aircraft, suggesting a possible hydraulic failure, and they did not manually lower the landing gear, suggesting they did not have time, said John Cox, a retired airline pilot and CEO of Safety Operating Systems in St. Petersburg, Florida. Despite that, the jetliner was under control and traveling in a straight line, and damage and injuries likely would have been minimized if not for a barrier being so close to the runway, Cox said. “It’s all in one piece. Everything is coming along fine until it hits that wall, at which point it disintegrates into a catastrophe,” he said. Another aviation expert said videos showed the aircraft had used up much of the runway before touching down. With little braking ability, the aircraft skidded atop its engine cowlings, said Ross “Rusty” Aimer, CEO of Aero Consulting Experts. “It's basically like skidding on ice,” he said. The Boeing 737-800 is a "proven airplane" that belongs to a different class of aircraft than the Boeing 737 Max jetliner that was linked to fatal crashes in 2018 and 2019, added Alan Price, a former chief pilot at Delta Air Lines and now a consultant. More than 4,500 of the planes are in service around the world, according to the aviation analytics company Cirium. One of the survivors was being treated for fractures to his ribs, shoulder blade and upper spine, said Ju Woong, director of the Ewha Womans University Seoul Hospital. Ju said the man, whose name was not released, told doctors he “woke up to find (himself) rescued.” Details on the other survivor were not immediately available. The passengers were predominantly South Korean and included two people from Thailand. Officials identified 88 of them in the hours after the crash, the fire agency said. Thailand’s prime minister, Paetongtarn Shinawatra, expressed condolences to the families of those aboard the plane in a post on X. Paetongtarn said she ordered the Ministry of Foreign Affairs to provide assistance. Boonchuay Duangmanee, the father of a Thai passenger, told The Associated Press that his daughter, Jongluk, had been working in a factory in South Korea for several years and returned to Thailand to visit her family. "I never thought that this would be the last time we would see each other forever,” he said. Kerati Kijmanawat, the director of Thailand's airports, confirmed in a statement that Jeju Air flight 7C 2216 departed from Bangkok's Suvarnabhumi Airport with no reports of anything abnormal aboard the aircraft or on the runway. Jeju Air in a statement expressed its “deep apology” over the crash and said it will do its “utmost to manage the aftermath of the accident.” In a televised news conference, the company's president, Kim E-bae, bowed deeply with other senior company officials as he apologized to bereaved families and said he feels “full responsibility” for the crash. He said the company had not identified any mechanical problems with the aircraft following regular checkups and that he would wait for the results of government investigations. Family members wailed as officials announced the names of some victims at a lounge in the Muan airport. Boeing said in a statement on X that it was in contact with Jeju Air and was ready to support the company in dealing with the crash. The crash happened as South Korea is embroiled in a political crisis triggered by President Yoon Suk Yeol’s stunning imposition of martial law and ensuing impeachment. South Korean lawmakers on Friday impeached acting President Han Duck-soo and suspended his duties, leading Deputy Prime Minister Choi Sang-mok to take over. Choi, who traveled to the site in Muan, called for officials to use all available resources to identify the dead as soon as possible. The government declared Muan a special disaster zone and designated a weeklong national mourning period. Yoon’s office said his chief secretary, Chung Jin-suk, presided over an emergency meeting between senior presidential staff to discuss the crash and reported the details to Choi. Yoon expressed condolences to the victims in a Facebook post. In Rome’s St. Peter’s Square, Pope Francis said he joined in “prayer for the survivors and the dead.” U.S. President Joe Biden said the United States was ready to offer “any necessary assistance.” The Muan crash is one of the deadliest disasters in South Korea’s aviation history. The last time South Korea suffered a large-scale air disaster was in 1997, when a Korean Airlines plane crashed in Guam, killing 228 people on board. In 2013, an Asiana Airlines plane crash-landed in San Francisco, killing three and injuring about 200. Sunday’s accident was also one of the worst landing disasters since a July 2007 crash that killed all 187 people on board and 12 others on the ground when an Airbus A320 slid off a slick airstrip in Sao Paulo, Brazil, and hit a nearby building, according to data compiled by the Flight Safety Foundation, a nonprofit group aimed at improving air safety. In 2010, 158 people died when an Air India Express aircraft overshot a runway in Mangalore, India, and plummeted into a gorge before erupting into flames, according to the safety foundation.Banque Cantonale Vaudoise grew its holdings in shares of Immersion Co. ( NASDAQ:IMMR – Free Report ) by 92.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,042 shares of the software maker’s stock after purchasing an additional 10,569 shares during the period. Banque Cantonale Vaudoise owned approximately 0.07% of Immersion worth $197,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of the business. Victory Capital Management Inc. grew its holdings in Immersion by 8.3% during the third quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock worth $3,617,000 after acquiring an additional 31,063 shares during the period. Philip James Wealth Mangement LLC purchased a new stake in shares of Immersion during the 3rd quarter worth $164,000. Hanseatic Management Services Inc. grew its stake in shares of Immersion by 2.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock worth $488,000 after purchasing an additional 1,411 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Immersion in the 3rd quarter valued at about $59,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Immersion in the third quarter valued at about $1,063,000. 60.57% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several research analysts have weighed in on IMMR shares. BWS Financial upped their target price on shares of Immersion from $11.00 to $13.50 and gave the stock a “buy” rating in a research report on Monday, August 26th. StockNews.com upgraded Immersion from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Immersion Price Performance Immersion stock opened at $8.88 on Friday. The firm has a market capitalization of $286.65 million, a PE ratio of 4.33 and a beta of 1.48. Immersion Co. has a 52 week low of $6.33 and a 52 week high of $13.94. The firm’s 50-day simple moving average is $8.60 and its 200 day simple moving average is $9.59. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Immersion ( NASDAQ:IMMR – Get Free Report ) last announced its quarterly earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.55. Immersion had a net margin of 40.62% and a return on equity of 27.05%. The company had revenue of $99.42 million for the quarter, compared to the consensus estimate of $7.29 million. On average, equities research analysts predict that Immersion Co. will post 1.96 EPS for the current fiscal year. Immersion Announces Dividend The business also recently announced a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio (DPR) is presently 8.78%. Insiders Place Their Bets In other news, insider William C. Martin bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the completion of the transaction, the insider now owns 1,364,265 shares in the company, valued at $12,019,174.65. The trade was a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, CEO Eric Singer purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $8.77 per share, with a total value of $438,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,912,867 shares in the company, valued at $16,775,843.59. The trade was a 2.68 % increase in their position. The disclosure for this purchase can be found here . Over the last 90 days, insiders purchased 66,155 shares of company stock valued at $580,675. Corporate insiders own 5.50% of the company’s stock. About Immersion ( Free Report ) Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses. Read More Want to see what other hedge funds are holding IMMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Immersion Co. ( NASDAQ:IMMR – Free Report ). Receive News & Ratings for Immersion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion and related companies with MarketBeat.com's FREE daily email newsletter .
SEOUL, South Korea , Nov. 21, 2024 /PRNewswire/ -- Hugel Inc., a leading global medical aesthetics company, said on Friday it will spur expansion in the botulinum toxin market of the Middle East and North Africa (MENA) via a strategic partnership with Dubai -headquartered aesthetic and medical distribution partner Medica Group. The two companies have recently entered into an agreement to bolster the distribution of Hugel's toxin Botulax in the key markets of the region. Hugel, which exports its own toxin to 64 markets including the US, Europe and China , the world's three largest toxin buyers, obtained sales approval for Botulax in the Middle East last year. Medica Group is a leading player in the region and has strong distribution networks through its head office in the United Arab Emirates (UAE) and branches in Saudi Arabia and Lebanon . The company distributes medical aesthetic products from about 30 global brands, proving their solid know-how in the field and strong execution capabilities in the MENA. The MENA is one of the fastest growing regions for medical aesthetics, driven by strong economic momentum, favorable demographic characteristics, increasing accessibility to social media as well as social and consumption transformation. Hugel's Executive Chairman, Suk Cha , commented on the partnership: "We are very pleased to enter into this strategic collaboration with Medica Group. The Middle East represents a key market for Hugel, with its rapidly growing demand for medical aesthetic treatments. We have chosen Medica Group as our distributor because they share our commitment to excellence and quality. Their proven expertise, extensive reach and deep understanding of the region make them the ideal partner to bring our Botulax product to this dynamic region. Botulax is recognized globally for its quality, and we are confident that, through this partnership, it will become a leading choice for medical professionals and patients in the Middle East and Africa ." Andre Daoud , CEO of Medica Group, highlighted the importance of this collaboration: "Our partnership with Hugel marks a key milestone for us as we continue to expand our portfolio and lead the aesthetics market with global solutions. The introduction of Botulax in the Middle East and Africa offers healthcare professionals access to a world-class botulinum toxin that is highly trusted for its quality, safety, and performance. This strategic partnership aligns with our mission to provide advanced, innovative products and services that meet the demands of the region's growing beauty and medical aesthetics market. Hugel's global expertise, combined with our deep local knowledge and network, will create tremendous value for our customers and their patients." About Hugel Established in 2001, Hugel is a leading global medical aesthetics company that manufactures injectables for skin rejuvenation such as botulinum toxin, hyaluronic acid fillers and skin boosters as well as absorbable sutures and cosmetics products. The company is the only South Korean supplier to the world's three largest botulinum toxin markets, the US, China and Europe . It exports medical aesthetic products and devices to around 70 countries and operates eight global subsidiaries in the US, Australia , Canada , Taiwan , China , Hong Kong and Singapore . About Medica Group A leading partner in the field of aesthetic medicine, Medica Group continues to push the boundaries of beauty and wellbeing in the region. Being at the forefront of the industry, the group is renowned for its innovative approach, state-of-the-art solutions with a solid commitment to delivering outstanding results and setting new standards in aesthetics. A trusted partner for international aesthetic brands, Medica showcases a commitment to excellence and quality through the technologies of its product and services, and the collaboration of the aesthetic medicine community. Contact: Jihyun Kim , Manager of the PR Team, Hugel jihyun.kim@hugel-inc.com View original content to download multimedia: https://www.prnewswire.com/news-releases/hugel-and-medica-join-forces-to-boost-botulinum-toxin-sales-in-middle-east-north-africa-302313729.html SOURCE HugelDrake wins 65-46 against BelmontMumbai: Governor CP Radhakrishnan, CM Devendra Fadnavis Pay Tributes To Dr Babasaheb Ambedkar At Chaityabhoomi; VIDEO
Young hits 3-point in overtime to give Hawks 6 straight wins, 134-132 over Lakers
ZIONSVILLE, Ind. (WISH) — Rahal Letterman Lanigan Racing (RLL) announced on Monday that Devlin DeFrancesco is joining the NTT IndyCar Series team on a multi-year deal. DeFrancesco will race the No. 30 car beginning this upcoming season. “I’m very excited to be back in the IndyCar Series,” DeFrancesco said in a press release . “Rahal Letterman Lanigan Racing has an amazing history and is also on an impressive trajectory. Seeing all the work that is going on from the men and women behind the scenes, it is easy to see that this team and myself are very hungry for results. I look forward to getting started with all the great people here.” DeFrancesco last raced in the IndyCar Series during the 2023 season with Andretti Steinbrenner Autosport, finishing 22nd in the standings. His first IndyCar season was the year prior (2022) with Andretti Steinbrenner Autosport. He finished 23th in the standings that year. DeFrancesco’s best IndyCar race result has been 12th (World Wide Technology Raceway in 2022 and the Streets of Detroit in 2023). “I’m very pleased that we are able to welcome Devlin to the team,” RLL co-owner Bobby Rahal said in the press release. “We had the chance to witness his ability while he was at Andretti and there were clearly times when he was quite competitive so I’m confident that we can have a lot of good races together. We’re looking forward to his contribution to the team.” With Monday’s announcement RLL’s full-time driver lineup for the upcoming season is set. Graham Rahal will race No. 15 car , while Louis Foster will drive the No. 45 car. Only three full-time driver spots remain for the upcoming IndyCar season, two with Dale Coyne Racing and one with Juncos Hollinger Racing. The 2025 NTT IndyCar Series season begins March 2 on the Streets of St. Petersburg with the Firestone Grand Prix of St. Petersburg.
Free trial or not, snagging Black Friday deals for price cuts on streaming services feels like a win. Paramount Plus rolled out its holiday special that gets you your first two months of the service at $3 per month. New and returning subscribers have the option to choose whether you want the discount for the ad-based Essential plan or ad-free Paramount Plus with Showtime. NFL football, Tyler Sheridan's Landman , Gladiator , Transformers One and the upcoming Dexter: Original Sin may make this an attractive offer for the platform's catalog. This Black Friday offer is available from Nov. 25 through Wednesday, Dec. 4, and applies only to monthly subscriptions. Once the two-month discount expires, plans will be billed at their regular monthly rates of $8 for Essential and $13 for Paramount Plus with Showtime. Hey, did you know? CNET Deals texts are free, easy and save you money . Paramount Plus streams original TV shows and films such as Lioness, Evil, Tulsa King and the new Jack Black-as-Satan holiday film Dear Santa . It's also home to Nickelodeon and CBS content, making it easy for anyone to watch SpongeBob and Paw Patrol along with NCIS, Poppa's House, Blue Bloods and live sports. This season, viewers can tune in for the streamer's holiday lineup of classic and newer movies and TV releases. And while horror fans won't be disappointed with titles like A Quiet Place, you can upgrade for Showtime faves like The Chi and Billions. Don't miss out on this deal if you want to cozy up for a TV streaming binge this season. Why this deal matters Like its rivals, Paramount Plus implemented price increases on its subscription plans in summer 2024. While the streamer didn't raise the rates on its annual subscriptions, new subscribers saw a bump from $6 to $8 for the monthly Essential plan and an increase of $12 to $13 for the premium plan with Showtime. The Black Friday discount shaves off $4 for ad-based Paramount Plus and takes $9 off the ad-free version. CNET is always covering a wide array of deals on tech products and much more. Start with the hottest sales and discounts on the CNET Deals page , and sign up for the CNET Deals Text to get daily deals sent straight to your phone. Add the free CNET Shopping extension to your browser for real-time price comparisons and cash-back offers. Peruse our gift guide , which includes a full range of ideas for birthdays, anniversaries and more.South core businesses oppose village planGlobal Static Application Security Testing (SAST) Software Market Size, Share and Forecast By Key Players-Coverity, IBM Security AppScan Standard, Checkmarx, Peach Fuzzer, bugScoutThe HSE has denied it is sitting on land that could be used for much-needed housing despite an internal audit finding it has over 200 vacant sites. Social Democrats' deputy leader Cian O'Callaghan said it is "unconscionable" that a state agency would hold that much land in a housing crisis. “The HSE must outline why it is sitting on these properties and if any plans have been drawn up to sell or repurpose them," said Mr O'Callaghan. “It also raises the wider question of how many vacant properties owned by state bodies are lying empty around the country. “In addition to introducing a vacant property tax with teeth, the next government must carry out a full audit of any empty public buildings or offices that could be handed over to the Land Development Agency or local authorities to deliver social or affordable homes.” In response to Mr O'Callaghan's comments, the HSE said that it had 130 sites in various stages of either being sold or being reviewed for sale. 'Retained assets' It also has 104 properties that are considered retained assets. It says that these properties are vacant and have been retained for "varying reasons", including future needs. "Decisions, informed by service management are based on an understanding of current or future healthcare service needs in the relevant area. "A building may be vacated by one service with a view to refurbishment for alternative use, or a property may be maintained for future service expansion at a specific location for demographic or service requirements. They may be vacant/derelict buildings in the middle of healthcare campus." A spokesperson for the HSE said it continues to "engage with the Department of Health, Department of Housing, the Land Development Agency (LDA) and the Department of An Taoiseach in relation to its surplus assets as part of an ‘all of Government’ approach to increasing housing stock". The HSE said that it adheres to requirements around offering surplus buildings to the State. It said the HSE has disposed of 46 assets in 2023 and 2024, a significant amount of which have been transferred to local authorities and said that state stakeholders, local authorities and approved housing bodies have expressed interest in 55 of the overall total of 130 vacant HSE properties. The HSE said that it also transferred St Kevin’s in Cork City to the LDA for the provision of 266 homes and land at St Finan’s in Killarney to Kerry County Council for housing purposes.