Fortrea Convenes New Site Advisory Board

Fortrea’s Site Advisory Board brings research leaders together to focus on evolving site, sponsor and patient relationships

DURHAM, N.C., Dec. 13, 2023 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced it convened last week the inaugural meeting of its Site Advisory Board, a collaboration between clinical research investigator sites (“sites”) and industry leaders to create a better clinical trial experience for sites, patients and clinical study sponsors (“sponsors”) by targeting changes in technology, operational planning and delivery, commercial terms and community engagement.

Fortrea places sites and investigators at the forefront of clinical trial planning, leveraging their perspectives to drive changes that will improve the speed of trial execution, ease study start up and increase recruitment efficiency. These changes address long-standing challenges within clinical trials and will result in a better site, patient and sponsor trial experience. The Site Advisory Board will be responsible for providing insight and feedback on strategies and solutions proposed regarding sites, patients, trial operations and relevant technology.

“Sites and investigators are critical to the industry at every stage of clinical development, and they traditionally have faced hard-to-solve challenges in clinical trials alone. We welcome their insights in protocol design and actively engage them in early conversations with our operational teams and sponsors to quickly establish the most efficient, patient-focused trial plans,” said Mike Clay, vice president, Development Strategy and Growth, at Fortrea. “The formation of the Site Advisory Board marks an acceleration of our site-focused strategy and includes representation from incredibly impressive leaders, creating a think tank for our industry. The Board will also serve as a cornerstone of our ability to respond to sponsors with insights that improve the predictability of their trials, working together to develop efficient operational plans and provide sponsors with a high degree of confidence in speed of patient recruitment and overall trial delivery.”

Inaugural members of Fortrea’s Site Advisory Board include leaders and experts from Circuit Clinical, Elligo Health Research, FutureMeds, Javara, MD Anderson Cancer Center Foundation Spain, ObjectiveHealth, Pratia S.A. and Velocity Clinical Research, representing 440 sites across more than 25 therapeutic areas and nine countries and providing access to diverse patient communities.

What Fortrea’s Site Advisory Board members are saying…

“We firmly believe that this collaborative approach, bringing together both CRO and sites, will enable all stakeholders to align more effectively on perspectives within the clinical trial market,” said Łukasz Bęczkowski, chief operating officer at Pratia. “This, undoubtedly, empowers us to act together in a more efficient manner. Initiatives like these play a crucial role in propelling us all towards positive and expedited changes.”

“Fortrea is taking a ‘listen first’ approach by giving sites an equal voice towards the most effective working practices for dynamic patient communities and site stakeholders, leading to the best service to clinical trial sponsors,” said Nick Spittal, chief operations officer at Velocity Clinical Research.

“Fortrea is leading the industry in making partnerships more productive and efficient, from trial process to business relationships, all in the effort to accelerate new products to market,” said Barry Simms, chief operating officer at Elligo Health Research.

“Providing the appropriate patient access solution is vital in determining the ultimate success of a clinical trial. Historically, care providers have not been involved in the early development of research planning and strategy,” said Colleen Hoke, chief executive officer at ObjectiveHealth. “We are very supportive of Fortrea employing an innovative new approach to engage with healthcare site partnership providers, who are key to delivering successful research results, early in the planning process.”

“FutureMeds is delighted to join the Fortrea Site Advisory Board to build better understanding between key stakeholders in the clinical research industry,” said Radek Janiak, chief executive officer at FutureMeds. “Hearing the voice of patients, investigators and sites will put Fortrea in a pole position for bringing new therapies to the market.”

“Working across the vast clinical trial ecosystem is complex and requires highly functional partnerships centered on trust and competence,” said Michelle Rule, senior vice president of enterprise optimization at Javara. “Fortrea’s genuine commitment to building a forum and working relationships through the Site Advisory Board exhibits dedication to progress for all stakeholders in research and, most of all, the patients.”

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients in need. Fortrea provides phase I-IV clinical trial management, clinical pharmacology, differentiated technology-enabled trial solutions and post-approval services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team of about 19,000 people working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703-298-0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646-818-9115, kdillon@prosek.com

GlobeNewswire Distribution ID 8994021

Global alternative assets remain resilient in 2023 amid economic uncertainty — Preqin Global Reports 2024

Pockets of opportunity emerge in private credit and secondaries

LONDON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Alternatives in 2024 report, part of the Preqin Global Reports 2024. The report provides analysis on trends on key factors and trends driving the alternative assets industry.

While 2023 is a year so far characterized by market headwinds and a challenging fundraising environment for investors and fund managers alike, Preqin analysts remain optimistic about the outlook for global alternative assets. For instance, private debt fundraising fared relatively well in comparison to other private capital asset classes, while secondaries deal flow should start to pick up going into 2024 as the market comes back into balance.

Cameron Joyce, Head of Private Equity, Research Insights at Preqin, says, “Amid the formidable headwinds marked by swiftly tightening monetary policy and economic uncertainty, alternative assets have remained comparatively resilient. The industry continues to evolve rapidly, and promising opportunities are presenting themselves in areas such as private debt and secondaries. We continue to forecast solid growth for the industry despite softening expectations around fundraising and performance.”

Key highlights from each asset class:

Private equity faces a stern test:

The private equity market has been hampered by rising interest rates – which have weighed on deal activity – and a constrained exit environment. Dealmakers are hoping for an increase in activity during 2024 and long-term investor appetite remains strong.

Venture capital investor sentiment on performance improves:

Venture capital returns have been challenged by factors such as the poor exit environment, elevated asset valuations, and climbing interest rates. Noting this, our latest investor survey shows that investors’ outlook is shifting, and they are comparatively more positive on the performance of the asset class over the next 12 months.

Private debt fundraising holds up:

Private debt’s floating-rate structure and seniority in the capital stack are especially attractive for investors seeking more defensive assets in challenging conditions, with strategies such as mezzanine debt growing in popularity.

Hedge funds’ AUM rises despite net outflows:

Hedge funds’ AUM growth has been driven primarily by asset returns and not inflows and outflows. In fact, hedge fund returns during months of market volatility proved that they can be effective in providing investors with downside protection. Niche strategies such as cryptocurrencies and insurance-linked securities (ILS) gained prominence due to their low public market correlation.

Real estate under pressure:

Rising interest rates have weighed on investment sentiment, resulting in weaker fundraising and deal activity. As investors flock toward larger funds in search of a sense of security, fundraising has been even more challenging for first-time and smaller funds.

Infrastructure may be turning a corner:

Fundraising fell sharply in 2023, a significant reversal after fund managers amassed record sums in 2022. But third-quarter deal activity proved robust and tailwinds from energy transition will continue to underpin the long-term growth of unlisted infrastructure.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.  

Notes to the editors

Alternatives in 2024 is a freely available version to accompany the Preqin Global Reports 2024. This complimentary report explores the impact of macroeconomic headwinds and market volatility on alternative assets this year and beyond.

If you are a full-time member of the press and would like to receive a full copy of any of the following reports, please get in touch: Private equity, venture capital, private debt, hedge funds, real estate and infrastructure. For non-press, the 2024 Preqin Global Reports are available for Preqin Insights+ subscribers.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1000903920

فومو بي و زاند بنك يعقدان شراكة لتسهيل المدفوعات العابرة للحدود وتعزيز الاتصال المالي بين آسيا ومنطقة الشرق الأوسط وشمال إفريقيا

دخلت ديسمبر – Media OutReach Newswire – 13 ديسمبر 2023-  فومو بي، وهي شركة رائدة في مجال الدفع الرقمي مقرها سنغافورة، في شراكة استراتيجية مع زاند بنك ، أول بنك رقمي في الإمارات العربية المتحدة، لتسهيل المدفوعات العابرة للحدود بسلاسة بين الأسواق الديناميكية في آسيا والشرق الأوسط وشمال إفريقيا. تهدف هذه الشراكة إلى تعزيز الكفاءة الاقتصادية وسرعة الوقت في المعاملات العابرة للحدود، حيث توفر للشركات حلول الدفع الرقمي والدفع المصرفي الرقمي لتسهيل العمليات الواردة والمدفوعات في المناطق التي تغطيها.

كونها مؤسسة دفع رئيسية مرخصة من قبل السلطة النقدية في سنغافورة، وسعت فومو بي نطاق تحويلاتها العالمية إلى أكثر من 70 دولة. بعد حصولها مؤخرًا على ترخيص مشغل خدمات الأموال من إدارة الجمارك والضرائب في هونغ كونغ، تعزز فومو بي وجودها في منطقة خليج هونغ كونغ. مع وجود قوي في آسيا، تظل فومو بي ملتزمة ببناء جسور مالية منظمة بين آسيا والأسواق العالمية. وبالمثل، ساهم زاند بنك، وهو بنك رقمي رائد مرخص بالكامل من قبل البنك المركزي للإمارات العربية المتحدة، باستمرار في نمو الاقتصاد الرقمي والاتصال المالي في منطقة الشرق الأوسط وشمال إفريقيا من خلال الخدمات المصرفية الآمنة والشفافة والمريحة. بالاضافة الى الخدمات المصرفية يسعى زاند ان يكون في طليعة ابتكار الخدمات الرقمية والمالية باعتماد الارضية لجيل عظيم من الخدمات الرقمية. كما ان زاند سيكون فريداً في تركيزه على النظم البيئية ومجتمعات الشركات مما يمكنه من تقديم مجموعة خدمات متميزة تنمو مع المشهد المالي المتغير بإستمرار.

تشهد منطقة الشرق الأوسط وشمال إفريقيا نموًا اقتصاديًا ثابتًا مدفوعًا بالابتكار عبر قطاعات متنوعة، مع التركيز على تعميق العلاقات التجارية مع آسيا. لتسهيل الأعمال العابرة للحدود، تتعاون فومو بي و زاند بنك  لتبسيط المعاملات العابرة للحدود والتحويلات الدولية عبر آسيا ومنطقة الشرق الأوسط وشمال إفريقيا، مما يتيح عمليات دفع سريعة وفعالة من حيث التكلفة من بدء التشغيل إلى التسوية. وبفضل شبكاتها المحلية الواسعة وشراكاتها المصرفية، لا تضمن هذه الشراكة المعالجة السريعة والآمنة للدفع فحسب، بل إنها تمكن فومو بي و زاند بنك أيضًا من تقديم أسعار أكثر تنافسية لعملائها. نتيجة لذلك، تستفيد الشركات التجارية من تحسين الكفاءة الاقتصادية في إرسال واستلام المدفوعات بين هاتين المنطقتين. هذة واحدة من العديد من المناطق والخطوة الاولى من بين العديد من الخطوات في استراتيجية زاند وفومو بي لانشاء نظام بيئي يسمح لعملائهما بالتواصل مالياً مع بقية العالم مع البقاء ملتزمين بالقيم الرئيسية المتمثلة في الامان والخصوصية وخدمة العملاء مما يتضمن انتقال سلس الى مرحلة جديدة من التمويل الرقمي.

وقال مايكل تشان، الرئيس التنفيذي لزاند بنك: “في زاند بنك، نلتزم بتعزيز الاتصال المالي بين منطقة الشرق الأوسط والعالم. تعد شراكتنا مع فومو بي خطوة رئيسية في تحقيق هذا الهدف وتأسيس زاند كبوابة لمنطقة الشرق الاوسط وافريقيا واسيا من خلال الاستفادة من خبرتنا المشتركة، سنقدم للشركات التجارية حلول دفع عبر الحدود سلسة وفعالة من حيث التكلفة، مما يساعد في تعزيز النمو الاقتصادي في كلا المنطقتين”. يتّبع زاند نهجاً منفتحاً وغير مقيداً بالادوات والتقنيات المتاحة حالياً لاعادة تعريف حدود الخدمات المصرفية التقليدية لشركائنا وعملائنا.

وقال زاك يانغ، المؤسس المشارك لشركة فومو بي: “عند دخولنا في هذه الشراكة الاستراتيجية مع زاند بنك ، يسعدنا ليس فقط تمكين زاند بنك بحلول الدفع الرقمي والدفع المصرفي الرقمي الرائدة لدينا، ولكن أيضًا لإطلاق االتناغم الناشئ عن تعاوننا”. “هذه الشراكة هي طريق ذو اتجاهين – نظرًا لتوحيد طاقاتنا مع زاند بنك في إقامة روابط أقوى مع الأسواق الآسيوية، فإننا نعزز في الوقت نفسه عمليات الدفع والتسوية الخاصة بنا في منطقة الشرق الأوسط وشمال إفريقيا بشكل أفضل لتلبية الاحتياجات المتنوعة لتحويل الأموال لعملائنا. يتماشى الجهد المشترك مع التزامنا بدفع الابتكار وتعزيز الاتصال في الأسواق العالمية”.

تشكل التعاون بين فومو بي وزاند بنك  خطوة رئيسية في تعزيز كفاءة نظام الدفع عبر الحدود. من خلال تقديم حلول مبتكرة للمعاملات السريعة،الآمنة والفعالة من حيث التكلفة، تلعب كلتا الشركتين دورًا محوريًا في تعزيز النشاط الاقتصادي عبر الحدود، وتحسين الاتصال بين الاقتصادين المؤثرين.

About Zand

Zand brings a superior banking experience designed for the digital age to businesses, with a high focus on corporates and technology start-ups. Zand was built to change the way the UAE banks, leveraging the power of advanced data capabilities, an agile operating model, and cutting-edge technologies to simultaneously simplify and upgrade the customer experience. Zand adopts a distinctive approach to banking, providing products and services to help support businesses at every stage. Please visit www.zand.ae for more information.

Media inquiries for Zand: Mays Talib, Head of Marketing, Mays.T@zand.ae

About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions

FOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needs

FOMO Capital Markets – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information. Contact marketing@fomopay.com for media inquiries.

FOMO Pay and Zand Bank Partner to Facilitate Cross-border Payments, Enhancing Financial Connectivity Between Asia and MENA

SINGAPORE – Media OutReach Newswire – 13 December 2023 – FOMO Pay, a Singapore-based digital payment leader, has joined forces with Zand Bank, the UAE’s first digital bank, in a strategic partnership to facilitate seamless cross-border payments between the dynamic markets of Asia and the Middle East and North Africa (MENA). This collaboration aims to enhance cost-effectiveness and time efficiency in B2B cross-border transactions, providing businesses with streamlined digital payment and digital banking solutions for collections and payouts in the regions.Zack Yang (left), Co-Founder of FOMO Pay, and Michael Chan (right), CEO of Zand

As a major payment institution licensed by the Monetary Authority of Singapore, FOMO Pay has expanded its global remittance reach to 70+ countries. Having recently secured a Money Service Operator license from the Hong Kong Customs and Excise Department, FOMO Pay strengthens its presence in the Greater Bay Area. With a robust presence in Asia, FOMO Pay remains dedicated to building regulated financial bridges between Asia and global markets. Similarly, Zand Bank, a leading digital bank fully licensed by the Central Bank of the UAE, has consistently contributed to the growth of digital economy and financial connectivity in the MENA region through its secure, transparent, and convenient banking services. In addition to forward-looking banking services, Zand is set to be at the forefront of digital and financial innovation, providing the foundations for a broader generation of digital services. Zand will also be unique in its focus on ecosystems and communities of businesses, enabling it to introduce expanded and unchartered suite of services that grows with the ever-changing financial landscape.

The MENA region is experiencing steady economic growth driven by innovation across diverse sectors, with a focus on deepening trade ties with Asia. To facilitate cross-border business, FOMO Pay and Zand Bank collaborate to streamline B2B transactions and international remittances across Asia and MENA, enabling fast and cost-effective payment processes from initiation to settlement. Leveraging their extensive local networks and banking partnerships, this partnership not only ensures swift and secure payment processing but also empowers FOMO Pay and Zand Bank to extend more competitive rates to their clients. As a result, businesses benefit from improved cost-efficiency in sending and receiving payments between these two regions. This is one of many regions, and the first of many steps in Zand and FOMO Pay’s strategy to create an ecosystem that allows their clients to financially connect with the rest of the world while remaining committed to its core values of security, privacy, and customer-centricity, ensuring a seamless transition to a new phase of digital finance.

“At Zand, we are committed to fostering financial connectivity between MENA and the world. Our partnership with FOMO Pay is a key step in achieving this goal and establishing Zand as a gateway to the MENA and Asia region. By leveraging our combined expertise, we will provide businesses with seamless and cost-effective cross-border payment solutions, helping to fuel economic growth in both regions,” said Michael Chan, CEO of Zand. “Zand takes an open-minded approach, unconfined by the tools and technologies of our time to redefine the boundaries of traditional banking for our partners and clients.”

“As we embark on this strategic partnership with Zand Bank, we’re excited not only to empower Zand Bank with our leading digital payment and digital banking solutions but also to unlock the synergies that arise from our collaboration,” said Zack Yang, Co-Founder of FOMO Pay. “This partnership is a two-way street — as we join forces with Zand Bank to establish stronger connections with Asian markets, we simultaneously enhance our own payout and settlement processes in MENA to better meet the diverse remittance needs of our clients. The joint effort aligns with our commitment to drive innovation and foster connectivity in the global markets.”

The collaboration between FOMO Pay and Zand Bank signifies a key step in enhancing cross-border payment system efficiency. By delivering innovative solutions for fast, secure and cost-effective transactions, both companies play a pivotal role in boosting cross-border economic activity, improving connectivity between the two influential economies.

https://www.fomopay.com/
https://www.linkedin.com/company/fomo-pay/
https://twitter.com/FOMOPayOfficial

About Zand

Zand brings a superior banking experience designed for the digital economy to businesses, specialized in corporate banking, technology, and the digital space. Zand was built to change the way the UAE banks, leveraging the power of AI and advanced data analytics, with an agile and startup mindset , and leveraging partnerships with the top Fintech players to simultaneously simplify and upgrade the customer experience. Zand adopts a distinctive approach to banking, providing products and services to help support businesses at every stage while ensuring customer-centricity, privacy and security remain as the core values. Please visit www.zand.ae for more information.

Media inquiries for Zand: Mays Talib, Head of Marketing, Mays.T@zand.ae

About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

  • FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
  • FOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needs
  • FOMO Capital Markets – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information. Contact marketing@fomopay.com for media inquiries.

Catch the Future in Action: LeddarTech Unveils Its Award-Winning LeddarVision ADAS Products and Technology at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

QUEBEC CITY, Canada, Dec. 13, 2023 (GLOBE NEWSWIRE) — LeddarTech® (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce its presence at CES 2024 (booth 11014 LVCC/North Hall) and to offer visitors an exclusive glimpse into the next generation of software technology and inspired products enabling ADAS and AD applications.

 LeddarTech Present at CES 2024 IMMERSE YOURSELF in the future of automotive innovation with LeddarVision™, a sensor and processor-agnostic, high-performance and versatile automotive low-level sensor fusion and perception software platform that generates a comprehensive 3D environmental model from various sensor types (camera, radar and LiDAR) and configurations.

Experience LeddarVision and L2/L3 ADAS products in action in various climates and road conditions on the LeddarTech interactive dashboard featuring:

  • **NEW** LeddarVision Surround (LVS-2+) is the surround-view premium fusion and perception stack that efficiently extends the LVF front-view product family 1VxR sensor configuration to a 5V5R configuration.
  • **Award-winning** LeddarVision Front Entry (LVF-E), a front-view fusion and perception stack for entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022 featuring Texas Instruments’ TDA4VM-Q1 processor. The LVF-E achieves the lowest system cost for L2/L2+ entry-level ADAS.

RIDE ALONG LeddarCar live: Customers and analysts are invited to book a real-world on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology.

Customers, analysts, investors and the media are invited to schedule a meeting with
our team at CES to learn more about LeddarTech.

“Join us as we demonstrate our groundbreaking LeddarVision automotive software solutions in the dynamic LeddarCar and unveil our cutting-edge ADAS products and technology at CES 2024,” stated Frantz Saintellemy, President, COO and incoming CEO of LeddarTech. “CES is a great opportunity for us to connect with our customers, partners, media, investors and policymakers and to showcase how our technology improves mobility and quality of life for all road users. LeddarTech’s participation at CES 2024 underscores our pivotal role in advancing the future of automotive technology, reinforcing our position as a leading player in automotive software.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9b76b7-c72b-416d-8174-2b4bfe122503

GlobeNewswire Distribution ID 8991943

Doctors and Experts around the World Call for Urgent Action to Prevent Liver Health Crisis

Global Liver Institute’s Second Edition “Global State of Liver Health” Report Reveals Promising Opportunities

Washington D.C., Dec. 12, 2023 (GLOBE NEWSWIRE) — Global Liver Institute (GLI), the premier patient-led liver health nonprofit operating globally, released the second edition of its “Global State of Liver Health” report, now including 22 countries covering every region of the world. Following the impetus of the Liver Health is Public Health initiative, international experts drew attention to pressing opportunities for their respective governments to prioritize and improve liver health.

Liver disease continues to pose a heavy burden for the world and its health systems:

“Our continued exploration of the scope and scale of the impact of liver diseases gives us both pause and hope. Powerful human intellect has developed many innovative solutions,” noted GLI CEO Donna R. Cryer, JD. “Rather than let these solutions go to waste, it is now time to direct political will towards putting them into practice and ensuring the ability to achieve liver health – and overall health – around the world.”

Strategies and technologies currently exist that can prevent liver disease or catch it early. However, putting these tools into practice can require financial investment, expert training, and often complex execution on a scale that necessitates government support. Several of the report’s expert advisors highlighted the policy opportunities and successes that might support liver health:

“We don’t have many tools currently to control tobacco smoking, alcohol consumption, and even the consumption of unhealthy diets in Vietnam,” shared Dr. Tung Pham, report advisor and lecturer /physician at Hanoi Medical University. “These are the second and third leading factors, so a tightening of standards, maybe raising taxes and implementing other promotional programs, will be essential.”

In contrast, a liberal treatment program that provided newly developed hepatitis C treatment to patients in Australia without many barriers has eliminated more than half of the viral disease throughout the country. As report advisor and leading hepatologist Dr. Simone Strasser noted in the report, several features brought about a successful program, including comprehensive training of primary care providers, minimal direct cost to patients, and local access to treatment.

National experts have identified the greatest threats to liver health in their communities. Now, those who care about liver health and its related conditions must urge their national leaders to prioritize and implement solutions.

The Liver Health is Public Health initiative is made possible thanks to the support of Sanofi and Salix Pharmaceuticals.

About Global Liver Institute

Global Liver Institute (GLI) is a 501(c)3 nonprofit organization founded in the belief that liver health must take its place on the global public health agenda commensurate with the prevalence and impact of liver illness. GLI promotes innovation, encourages collaboration, and supports the scaling of optimal approaches to help eradicate liver diseases. Operating globally, GLI is committed to solving the problems that matter to liver patients and equipping advocates to improve the lives of individuals and families impacted by liver disease. GLI holds Platinum Transparency with Candid/GuideStar, is a member of the National Health Council, and serves as a Healthy People 2030 Champion. Follow GLI on Facebook, Instagram, LinkedIn, and YouTube or visit www.globalliver.org.

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Christine Maalouf
Global Liver Institute
cmaalouf@globalliver.org

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