Author: ltadmin

• Innovation Summit World Tour 2021 urges rapid acceleration of carbon emission reduction to reach 2050 net zero ambition
• Expansion of consulting services for meaningful sustainability progress
• Call to act 3-5 times faster and halve emissions this decade, with smart, green electricity and next-generation automation

Rueil-Malmaison (France), October 12 2021– The world can accelerate urgent climate action and halve carbon dioxide (CO₂) emissions by 2030, according to Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights. Kicking off the Innovation Summit World Tour 2021, Schneider Electric Chairman and CEO Jean-Pascal Tricoire’s keynote advocates achievable pathways to net zero set out in the “The 2030 imperative: A race against time” report from the Schneider Electric Sustainability Research Institute.

Schneider Electric’s flagship annual Innovation Summit World Tour (October 12-November 12) will address global climate challenges and guide customers, partners, regulators, and policymakers on rapidly reducing emissions to decarbonize the world’s economy in this decisive decade. Attendees will experience Schneider Electric’s digital and sustainable innovation and learn more about Electricity 4.0 and Next-generation automation.

Urgent need to act fast to decarbonize

Tricoire’s Innovation Summit World Tour keynote urges attendees to adopt critical decarbonization measures and offers Schneider Electric’s own research as a blueprint to stay within a global warming trajectory of 1.5°C degrees. This report details the need to reduce emissions by 30-50 percent this decade, compared to current levels. Missing this makes it virtually impossible to limit temperature rise to a 1.5°C degree threshold as outlined by the Intergovernmental Panel for Climate Change (IPCC).

The Schneider Electric Sustainability Research Institute modelling shows how 10GtCO2/y can be realistically and affordably abated by 2030. The report focused on a subset of global greenhouse gas emissions. Out of 50GtCO₂e/y, “The 2030 Imperative” scenario finds a 30% (10GtCO₂e/y) abatement opportunity from a 30GtCO₂/y baseline of all energy-related emissions, a significant acceleration from current pledges (ranging around 3GtCO₂e/y, which is 10% of the emissions reduction target). There remains however around 20GtCO₂e/y of non-energy related emissions which is not covered in this report’s modelling.

Schneider Electric is calling for a 3-5 times greater effort from governments and corporates. The Institute believes the only realistic roadmap for success is to deploy proven digital technologies alongside increased electrification as the fastest way to decarbonize buildings, transport, and industry. This approach buys time to address hard-to-abate sectors. Its modelling clearly shows alternative pathways will place too high a burden on consumers.

“Despite increased momentum around sustainability and more companies adopting ambitious targets to tackle climate change, this research reveals how we need to speed up. At Schneider Electric, we are uniquely part of the solution. To support organizations in their quest to decarbonize at pace and deliver on their climate commitments, we are accelerating the expansion of our global sustainability consulting services business to meet the increasing demand for meaningful progress on energy transition and climate action goals,” said Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. “What organizations require today is a trusted partner who combines strategic planning and target setting with a proven track record of solutions implementation to deliver faster, tangible sustainable outcomes. Having successfully overcome many sustainability challenges ourselves, and in so doing, achieved world-leading digital and electric solutions in our own facilities, we are well-positioned to help others go faster and further.”

Strategies and solutions to decarbonize value chains

Building on its sustainability leadership and the ambition of the 2021-2025 Schneider Sustainability Index, Schneider Electric is accelerating its global sustainability consulting business and expand on a 10-year track record of success in energy and sustainability services.

Today, Schneider Electric is the world’s leader in energy efficiency, energy management, renewable energy procurement, carbon reporting, climate risk assessment, and supply chain decarbonization, providing software and consulting services to more than 30% of the Fortune 500. Customers include Johnson & Johnson, Walmart, Faurecia, Kellogg, Takeda, Velux Group, Unilever, and T-Mobile, among others.

Increasing demand for Schneider’s “ambition + action” advisory services is behind this expansion, including:

• Climate action consulting, and affiliated supply chain decarbonization and climate risk assessment services,
• Communications services, including ESG reporting/ratings and reputational and sustainability claims,
• Circularity and traceability services,
• ESG modules for the award-winning EcoStruxure™ Resource Advisor platform to track societal and governance metrics.

Being part of the solution through digital disruption

As part of its ambition to drive sustainable innovation and build net zero pathways, Schneider Electric helps customers in many sectors to innovate and move to open, interoperable, digital, and simplified systems and smarter ways of doing business. At Innovation Summit World Tour, Schneider Electric is unveiling digital innovation for carbon abatement in homes, buildings, data centers, power grids, and industries.

• Electricity 4.0: Powering the New Electric World with Smart Green Energy

Today, we are witnessing the convergence of digital and electric at scale with software. Electric makes energy green and the best vector for decarbonization. Digital makes energy smart to drive efficiency and eliminate waste. This convergence delivers ‘Electricity 4.0’, the fuel for a New Electric World.

Data Centers: The new APC™ Smart-UPS™ Ultra 5kW is the industry’s first 5kW Uninterruptable Power Supply (UPS), designed to deliver more power, flexibility, and intelligent monitoring in the smallest footprint, freeing up valuable IT space for edge applications. Schneider data center customers have reduced their carbon footprint by 37%.

Smart Homes: Today, Schneider is announcing a series of smart sustainable home solutions, including Wiser, that help fight energy waste. By 2050, households are expected to be the single largest consumer of electricity, and the biggest contributor of CO₂ emissions with as much as 34% generated by homes.

Resilient Digital Grids: Schneider’s range of pure air SF6-free technology for net zero grids is extended with the RM AirSeT Ring Main Unit and Modular Switchgear and the MCSeT Active Medium Voltage Air Insulated Distribution Switchboard.

Smart Electrical Distribution: Rethinking Schneider’s Low Voltage TeSys Giga, Canalis Busbar, PrismaSeT Active, New Gen ComPacT, TransferPacT and EcoStruxure Power™ digital products will deliver a simpler, more sustainable, safe and secure user experience for installer and service partners to enhance the resiliency of the world’s growing digital economy, as part of the Partnerships of the Future program.

• Industries of the Future: Resilient and Sustainable with Next-generation Automation.

Step changes in efficiency and agility can be achieved through artificial intelligence, digital twin technology, human insight supported by advanced analytics, and vendor-agnostic industrial software—including Performance Intelligence from AVEVA.

EcoStruxure™ Automation Expert 21.2 provides water and wastewater plants with complete life cycle management. The world’s first software-centric automation system seamlessly integrates IT and OT services, to boost security, increase system longevity, and easily evolve over time. As a universal automation solution, EcoStruxure™ Automation Expert can be implemented with existing hardware. The virtualized controller can run on any Windows or Linux edge computing device, providing industrial enterprises with unprecedented flexibility. Digital collaboration of this sort has the potential to unlock more than $100 billion in value for industries.

EcoStruxure Machine increases efficiency for machine builders and shortens their development time. With the new Lexium MC12 multi carrier for transporting, grouping and positioning products, OEMs can achieve greater productivity and unprecedented flexibility with up to 40% savings on investment costs and 50% faster machine installation and commissioning. Combined with digital twin technology, the new multi carrier also reduces machine design and time-to-market by up to 30%.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

        Follow us on:

Visit Schneider Electric Insights Portal by clicking HERE

Hashtags: #LifeIsOn #Sustainability #energytransformation #decarbonization #climateaction #NetZeroHomes #Ecostruxure #IndustrialAutomation #DigitalTransformation #PowerManagement #IoT

Attachments

• 20211012_PR_G_ISWT_Umbrella_EN
• Innovation Summit World Tour 2021 Image

How the Workforce Learns report shows diverse learning experiences, manager support and opportunities to stretch skills are core components of employee engagement

PLEASANTON, Calif., Oct. 12, 2021 (GLOBE NEWSWIRE) — A positive learning culture is directly linked to greater organizational agility, faster revenue growth, and increased employee engagement. These are some findings from Degreed’s How The Workforce Learns 2021 report, which unpacks the value of positive workplace learning experiences at a time when business leaders are grappling with challenges like the great job migration and skills shortages. Currently, 55% of the workforce state that they’re likely to look for a new job in the next 12 months. Degreed research found that employees want more guidance on how and what to learn, and they want more diverse and active learning experiences that go beyond the standard live, virtual and online classes. It also highlights the critical role and habits of managers and the importance of getting feedback for career development.

Degreed asked more than 2,400 workers from 15 countries, across retail, healthcare, financial services, technology, professional services, and travel and hospitality, about the behaviors, values, and assumptions that lead to positive learning and career growth experiences at work. Respondents were divided into those who rated their cultures as positive (promoters) and those who rated it as neutral or negative (detractors). The report explores the differences between these two groups.

The link between performance and learning was explored. Promoters are 53% more likely to learn in order to perform better in their current roles. Promoters are also 50% more likely to upskill to prepare for their next potential role. Detractors are disproportionately motivated to learn only to complete requirements (68% higher in the detractor group), highlighting this group’s low levels of engagement.

The findings also challenge the industry’s obsession with content as the only solution for learning and instead show there are four key factors that correlate with more continuous and impactful upskilling and career development:

1. Guidance on what and how to learn
2. Diverse and active development experiences
3. Feedback and insights on progress
4. Opportunities to practice, apply, and stretch skills

In a positive culture, opportunities for career growth are readily available and employees feel more in control of their career, with 81% of promoters stating that they have access to easy-to-use tools for their career planning and 73% saying it’s easy to find new roles internally. While promotions are important in a positive learning culture, How the Workforce Learns data shows that opportunities to move laterally or work on collaborative stretch assignments are just as important and boost retention. Promoters are 235% more likely to switch to a new function in their organization, 101% more likely to work on temporary projects and 189% more likely to work with a mentor or coach; ensuring all of their skills are used to their full potential.

The role of managers in creating strong workplace cultures is also highlighted, with promoters being 270% more likely to say that their manager supports their development. Conversely, detractors were 92% more likely to feel that their manager hasn’t meaningfully supported their development over the past year.

It is more critical than ever to ensure a workforce has the right skills to transform, succeed, and adapt to change. By honing in on the factors that create a positive learning culture in organizations, business leaders can ensure that their upskilling investment is truly engaging their people and driving innovation.

Discover more about How The Workforce Learns 2021 here.

About Degreed

Degreed is the workforce upskilling platform for one in three Fortune 50 companies. We connect all your learning, talent development, and internal mobility opportunities to intelligence on the skills your business needs next. And we do it all in one simple, fluid, skill-building experience that’s powered by your people’s expertise and interests. So you can transform your workforce from within. Founded in 2012, Degreed is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane.

Learn more about Degreed: Website | YouTube | LinkedIn | Twitter

Media Contacts:

Sarah Danzl
Head of Global Communications
sdanzl@degreed.com

Certified Investment Management Analyst® -CIMA® certification recognized as global standard for fund allocators

Denver, Co, Oct. 12, 2021 (GLOBE NEWSWIRE) — Two associations for investment practitioners who are committed to competent and ethical practice of investment management analysis and fund allocation have formed a multi-year strategic alliance to raise the bar of professionalism, and promote standards of quality for investment professionals around the world.

The strategic alliance aims to support and advance each organization’s respective objectives.

• The Association of Professional Fund Investors (APFI) will work collaboratively with the Institute to promote global awareness and adoption of the CIMA certification as the most relevant global standard for manager research and fund investing, thereby enhancing the competency and professionalism of services delivered to investors.
• Investments & Wealth Institute® has entered into a service agreement with APFI to support their aims to empower professional fund investors to learn, share ideas, network with their peers, and have a collective voice to national and global standards bodies and regulatory authorities.

The APFI has previously released a International Accreditations for Fund Selectors evaluating international accreditations available to industry professionals. While the Chartered Financial Analyst (CFA) designation is by far the most widely-held and most well-known accreditation in the financial services industry, the APFI believes that the Certified Investment Management Analyst® (CIMA) accreditation is a better fit for professional fund selectors and recommended the CIMA certification as the most relevant and practical for fund allocators.

Adam Choppin, Executive Chairman of the Board for the APFI said, “All of the credentials we reviewed have excellent curricula and provide professionals with the necessary educational core to act as professional fund and manager selectors. But what sets them apart when you look at them side by side is how relevant, practical and useful each one is to a real working professional and what you have to do to maintain it. When we looked at those things objectively, the CIMA certification rose to the top.”

“We really started from a point that said, what set of tools and skills should a fund allocator have, based on our individual experience from across the globe,” said APFI Director, Gandy Gandidzanwa .

The CIMA accreditation is one of only six global accreditations approved by the APFI and of those only two require ongoing education to maintain the designation. “I was actually shocked when we did this review and found how few of these accreditations required ongoing education,” Choppin said. “That you would say you never have to do anything ever again to be equally qualified doesn’t make sense to me. I would never hire a fund manager who never made an effort to improve themselves.”  Formed in 1988 as a credential for investment management consultants, CIMA certification is one of only a handful of professional certifications in financial services that meets the rigorous accreditation requirements of ISO 17024, a global standard for personnel certifications. Earlier this year, CIMA certification was accredited by the ANSI National Accreditation Board under this standard. Today, the certification requires three years of professional experience, several background checks detailing a clean disciplinary and legal history, completion of a comprehensive executive education program at one of four registered programs – The Wharton School, Chicago Booth School, Yale School of Management, or the Investment Management Research program in Australia. Following 300 hours of self-study, candidates must then pass a 140 question, five-hour examination, with a first time pass rate of 56%. All certified professionals must recertify every two years by maintaining ongoing ethics and continuing education requirements (40 hours every two years).

Operated and managed entirely by member volunteers, and independent of commercial interests, the APFI is a hub for professional allocators and manager research professionals from across the globe. Originally founded in Switzerland and now headquartered in the UK, with a leadership team spread from Cape Town to Kerala and Seattle to Sweden, the APFI’s membership reflects the global diversity of the fund investing profession. The APFI has turned to the Investments & Wealth Institute as a technical partner to enable its global membership access to the modern tools of networking and collaboration for an increasingly digital age. Working with the Institute to globalize the reach of the APFI’s most highly recommended accreditation (the CIMA), also furthers the APFI’s goals of promoting the industry’s highest levels of professional standards and integrity in fund investing.

“This partnership will unlock opportunities for members of the Association of Professional Fund Investors and bring substantial benefits to both organizations,” said Sean Walters, Chief Executive Officer of the Investments & Wealth Institute. “Members and practitioners around the world can benefit from rich content sharing, moderated discussions, and a networked community of the world’s best and brightest global investment professionals, hosted on our new community platform, and facilitated by APFI members, who work on nearly every continent around the globe.”

About the Investments & Wealth Institute

Founded in 1985, the Investments & Wealth Institute is the premier professional association, education provider, and standards body for financial advisors. Through its award-winning events, publications, courses, and acclaimed certifications—Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®), and Retirement Management Advisor® (RMA®)—the Institute delivers Ivy league-quality, highly-practical education to more than 30,000 practitioners annually in over 40 countries.  Members of the Institute include the industry’s most successful investment consultants, advanced financial planners, and private wealth managers who embrace excellence and ethics in applying a broad set of knowledge and skills in their daily work with clients. www.investmentsandwealth.org

About the Association of Professional Fund Investors

Formed in 2011, the Association of Professional Fund Investors advances the interests of investors by promoting professional standards and integrity in fund investing. APFI members are all professional fund investors – professionals whose principal occupation is the identification and evaluation of investment managers, funds, vehicles, etc. that are external to their own organization. APFI promotes best practices in fund investing by setting global standards of professionalism and accreditation, while empowering professional fund investors to learn, share ideas, network with their peers, and have a collective voice to national and global standards bodies and regulatory authorities. www.profundinvestors.org

Cindy Chaifetz
Investments & Wealth Institute
303.850.3079
cchaifetz@i-w.org

Philadelphia, Pennsylvania, Oct. 12, 2021 (GLOBE NEWSWIRE) — FreedomPay, a global leader in Next Level Commerce™ has selected Hill+Knowlton Strategies (H+K) as its communications partner, following a competitive agency review. H+K will work with FreedomPay’s in-house marketing team to execute the global fintech leader’s national communications strategy as it continues its global expansion across 130+ countries, more than one hundred currencies and thousands of commerce partners.

FreedomPay is the only, fully independent, ‘open’ and agnostic Commerce Platform supporting the most innovative partners across banking, acquiring, processing and software vendors around the world. A pioneer in Commerce Technologies, FreedomPay’s cutting edge technology is unrivaled in speed, security, and capacity. With its award-winning, world-class Platform now serving 3 Billion+ transactions across the globe and accelerating into advanced cloud infrastructure, the company is growing rapidly to meet the needs of merchants with over 600+ integrations and the ‘new norm’ consumer demanding more experiences across in-store, online and on mobile commerce.

“FreedomPay’s singular focus on the evolving needs of both merchants and consumers distinguishes our solution set and is driving exponential growth,” said Chris Kronenthal, President & CTO at FreedomPay. “As technology continues to unite markets across all continents, our international partners are turning to our globally available and scalable Platform to support increasingly complex requirements to satisfy merchant and consumer requirements. With a focus on continued innovation for the fintech industry, as well as an extensive US and global presence that delivers an understanding of the markets and stakeholders that we are expanding to reach – we look forward to collaborating with Hill+Knowlton as our communications partner and sharing our entrepreneurial drive and culture of innovation.”

FreedomPay’s global footprint delivers full Omni-channel capabilities to merchants in 130+ countries and territories. FreedomPay’s Next Level Commerce™ platform is now fully compliant with PSD2 strong customer authentication, on-line PIN and foreign language support now meeting the needs of hundreds of thousands of merchants around the world.

About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, food service, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against the Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

 

About Hill+Knowlton Strategies   

Hill+Knowlton Strategies, Inc. is an international communications consultancy, providing services to local, multinational, and global clients. H+K operates 77 offices in 43 countries worldwide, as well as an extensive associate network, delivering award-winning campaigns to clients across all sectors and disciplines and with a focus on continued innovation for the industry. Headquartered in New York, the firm is part of WPP, one of the world’s largest communications services groups.

Media Contact

Amy Dalkoff

Hill+Knowlton for FreedomPay

Amy.dalkoff@hkstrategies.com

312-255-3078 

Taylor Durovsik
FreedomPay
taylor.durovsik@freedompay.com

Helsinn and Fosun Pharma sign exclusive license and distribution agreements for Aloxi^®, Akynzeo^® oral, NEPA IV and anamorelin in Mainland China, Hong Kong SAR and Macau SAR

Lugano, Switzerland – Shanghai, China, October 12, 2021 – Helsinn Group (“Helsinn”), a Swiss Biopharmaceutical Group with an innovative R&D pipeline in cancer supportive care and oncology therapeutics, strategically investing in a fully integrated targeted therapy structure to develop, manufacture and commercialize small molecules in precision medicine with higher market potential, and Fosun Pharmaceutical A.G., a corporation organised and existing under the law of Switzerland and a wholly owned subsidiary of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading global pharmaceutical and healthcare provider in China, announced today the signing of exclusive license and distribution agreements effective from October 1^st 2021 in the territory of Mainland China for Aloxi^®, Akynzeo^® and anamorelin.

Under the terms of the agreements, Helsinn will grant Fosun Pharmaceutical A.G. an exclusive license to distribute, promote, market, and sell the following products in the aforesaid territory:

Approved products:

• Aloxi^® (Palonosetron hydrochloride) for the prevention of Chemotherapy Induced Nausea and Vomiting (CINV) and for Post-Operative Nausea and Vomiting
• Akynzeo^® oral (Netupitant and Palonosetron hydrochloride) for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy and with moderately emetogenic cancer chemotherapy

Products under development

• NEPA (Fosnetupitant and Palonosetron hydrochloride) IV, which is being developed in China for the prevention of CINV

• anamorelin, a selective, novel, orally active ghrelin receptor agonist, which is being developed for the treatment of Malignancy Associated Weight Loss and Anorexia in non-small cell lung cancer patients

Helsinn will also grant Fosun Pharmaceutical A.G. an exclusive license for the said products in Hong Kong SAR and Macau SAR. In addition, Helsinn’s Chinese subsidiary, Helsinn Pharmaceuticals Beijing Co. Ltd. (HPC) will provide Shanghai Fosun Pharmaceutical Industrial Development Co. Ltd., a subsidiary company of Fosun Pharma with certain medical, marketing and commercial services, including co-promotion services in Shanghai, China, in support to the commercialization of the products in Mainland China, Hong Kong SAR and Macau SAR.

Riccardo Braglia, Helsinn Group Vice Chairman and CEO, commented: “Delivering therapies and supportive care to those living with cancer is at the core of what we do here at Helsinn, and we are pleased to have found a partner in Fosun Pharmaceutical A.G. that shares our values. Through these agreements we are able to provide patients across Mainland China and other territories with much needed therapies, targeting a variety of cancer-related illnesses and we look forward to working closely with Fosun Pharma in doing so.”

Wu Yifang, Chairman and CEO of Fosun Pharma, commented: “We are very pleased to sign this agreement with Helsinn. At Fosun, we are passionate about providing better health solutions for patients and these exclusive license and distribution agreements for Aloxi^®, Akynzeo^® and anamorelin across Mainland China, Hong Kong SAR and Macau SAR show our commitment to that mission. We are looking forward to working with Helsinn and to making these therapies available to patients in these territories as soon as possible.”

About Aloxi^® in China

Palonosetron hydrochloride injection (strength: 5 ml/ 0.25 mg as Palonosetron) is indicated in adults for prevention of acute nausea and vomiting associated with Highly emetogenic cancer chemotherapy and Moderately emetogenic cancer chemotherapy. This product is indicated in pediatric patients aged 1 month to less than 17 years for: Prevention of acute nausea and vomiting associated with emetogenic cancer chemotherapy, including highly emetogenic cancer chemotherapy.

Palonosetron Hydrochloride Soft Capsules (0.5 mg as Palonosetron) is indicated for the prevention of acute nausea and vomiting associated with moderately emetogenic cancer chemotherapy.

Palonosetron hydrochloride injection (strength: 1.5 ml/0.075 mg as Palonosetron) is indicated in adults for prevention of postoperative nausea and vomiting (PONV) for up to 24 hours following surgery.

About Akynzeo^® oral in China

Netupitant and palonosetron hydrochloride capsules is indicated in adults for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy and with moderately emetogenic cancer chemotherapy.

NEPA (Fosnetupitant and Palonosetron hydrochloride) IV

The product containing 235 mg of fosnetupitant (equivalent to 260 mg fosnetupitant chloride hydrochloride) and 0.25 mg of palonosetron (equivalent to 0.28 mg of palonosetron hydrochloride) is being developed in China for prevention of acute and delayed nausea and vomiting associated with emetogenic cancer chemotherapy.

About anamorelin

Anamorelin is a selective, novel, orally active ghrelin receptor agonist. Ghrelin is an endogenous peptide primarily secreted by the stomach. Upon binding to its receptor, ghrelin stimulates multiple pathways in the positive regulation of body weight, muscle mass, appetite and metabolism. Anamorelin is an investigational agent, which is being developed for the treatment of Malignancy Associated Weight Loss and Anorexia in non-small cell lung cancer patients. Anamorelin is not approved by the China National Medical Products Administration (“NMPA”).

About the Helsinn Group

Helsinn is a Swiss Biopharmaceutical Group with an innovative R&D pipeline in cancer supportive care and oncology therapeutics, strategically investing in a fully integrated targeted therapy structure to develop, manufacture and commercialize small molecules in precision medicine with higher market potential, thanks to a consolidated track record, a solid revenue stream in B2B and strong cash flow and cash position.

Helsinn is building market differentiation in B2C in the U.S. and China and is owned by a third-generation healthcare entrepreneurial family.

Since 1976, Helsinn has been improving the lives of patients, guided by core family values of respect, integrity and quality and through a unique integrated licensing business model, and by collaborating with success in about 190 countries with long-standing partners, who share our values.

The Group’s pharmaceutical business (Helsinn Healthcare S.A.) is headquartered in Lugano, Switzerland with operating subsidiaries in the U.S. (Helsinn Therapeutics (U.S.), Inc.) and China (Helsinn Pharmaceuticals (Beijing) Co., Ltd) which market the Group’s products directly in these countries. The Group has additional operating subsidiaries in Switzerland (Helsinn Advanced Synthesis S.A., an active pharmaceutical ingredient manufacturer) and Ireland (Helsinn Birex Pharmaceuticals Ltd, a drug product manufacturer).

Helsinn Group plays an active and central role in promoting social transformation in favor of people and the environment. Corporate social responsibility is at the heart of everything we do which is reinforced in the company’s strategic plan by a commitment to sustainable growth.

To learn more about Helsinn Group please visit www.helsinn.com

About Fosun Pharma

Founded in 1994, Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (“Fosun Pharma”; stock code: 600196.SH, 02196.HK) is a leading global pharmaceutical and healthcare provider in China. Fosun Pharma strategically operates businesses in the pharmaceutical and health industry, including pharmaceutical manufacturing, medical devices and medical diagnosis, and healthcare services. Through its associated company Sinopharm Co., Ltd., Fosun Pharma’s business extends to pharmaceutical distribution and retail.

Fosun Pharma takes pharmaceutical manufacturing as its core business and sticks to innovative research and development. Through in-house R&D, co-development, in-licensing and incubation, Fosun Pharma had established platforms for small molecule innovative drugs, antibody drugs and cell therapy, focusing on major therapeutic areas, including oncology, immunology, “4 hypers” (hypertension, hyperlipidemia, hyperglycemia and hyperuricemia) and their complications, as well as central nervous system. In the meantime, Fosun Pharma keeps close track of cutting-edge technologies, such as targeted protein degradation, RNA, oncolytic virus and gene therapy to enhance its innovation ability.

Looking forward, under guidance of 4IN strategy (Innovation, Internationalization, Integration and Intelligentization), Fosun Pharma practices innovation and transformation, integrated operation and steady development, as well as the concept of sustainable development. Fosun Pharma is committed to becoming the first-class enterprise in the global mainstream healthcare industry.

For more information, please visit: www.fosunpharma.com

For more information:

Helsinn Group Media Contact:

Paola Bonvicini

Group Head of Communication

Lugano, Switzerland

Tel: +41 (0) 91 985 21 21

Email: Info-hhc@helsinn.com

For more information, please visit www.helsinn.com and follow us on Twitter and LinkedIn

Fosun PharmaMedia Contact:

Mr. Barney Liu

Dircetor of Media and Public Relations

Tel: +86-21-3398 7123

Email: liumingyi@fosunpharma.com

ESG report outlines the company’s sustainable practices including eco-friendly initiatives and win-win management

SEOUL, South Korea, Oct. 12, 2021 (GLOBE NEWSWIRE) — Nexen Tire, a leading global tire manufacturer, today released the 2020/21 edition of its ESG Report.

Following the publication of its first CSR Report (2019/20) last year, Nexen Tire has released its second report, with the commitment of expanding ESG management and becoming a full-fledged customer-oriented organization.

The report documents Nexen Tire’s ESG progress as well as major efforts in the fields of environment, society, and governance, providing stakeholders with a range of consistent and transparent information.

It outlines the various eco-friendly management operations conducted by the Company to minimize environmental impact, such as reducing pollutant emissions and conducting research and development to manufacture eco-friendly products. The report also includes the community-based ESG programs it is engaged in, and efforts to identify diverse customer demands and reflect them in products.

“Nexen Tire’s mission is to enrich human lives by creating more opportunities and values through new connections to the world. By building an ESG-oriented management structure, we will continue to fulfill our corporate social responsibilities,” said Travis Kang, Global CEO of Nexen Tire.

The report was prepared in accordance with the GRI Standards, with improved objectivity and reliability by taking into account recommendations from global institutions such as the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD), and was verified by third-party assurance institution Korea Management Register (KMR).

The 2020/21 ESG Report is available for download on the Nexen Tire website at https://www.nexentire.com/international/company/csr_report/

About Nexen Tire

Nexen Tire, established in 1942, is a global tire manufacturer headquartered in South Korea. Nexen Tire, one of the world’s fastest growing tire manufacturers, currently interacts with approximately 150 countries around the world and owns four manufacturing plants – two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another plant in Žatec, the Czech Republic has also begun operation in 2019. Nexen Tire produces tires for passenger cars, SUVs, and light trucks with advanced technology and excellence in design. Nexen Tire supplies OE tires to global car makers in various countries around the world. In 2014, the company achieved a grand slam of the world’s top 4 design awards for the first time amongst the various tire makers in the world.

For more information, please visit https://www.nexentire.com/international/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00e24213-d15e-4a31-bb5e-beb534692de5

CONTACT: Sylvia Chang, sylvia.chang@pivotp.co.kr