Latest news with #KOL
Forbes
a day ago
- Entertainment
- Forbes
Kol: A Standout in London Michelin-Starred Restaurants
Much more than a Mexican restaurant, London's KOL is a dining adventure showcasing a feast for all ... More senses. To say that Santiago Lastra is a chef is like describing Mozart as a pianist. Part cook, part mad scientist and part cultural ambassador, Lastra learned at a young age that cooking goes hand in hand with research, and that science, technology and history are as much a part of what's on the plate as the ingredients. And that's why KOL, his Michelin-starred restaurant in London, is far more than a Mexican restaurant. It's a laboratory where flavors, textures, colors and ideas merge to create something truly unique. Here, Lastra and his team work closely with a curated group of British farmers, foragers and producers from all corners of the British Isles to meticulously source everything that graces the plate and the glass at KOL. From a cheesemaker in Essex who makes Oaxaca-style cheeses to sourcing the best Scottish seafood, collaborating with Flourish Produce to coordinate crop cycles in line with the restaurant, and exploring milpa farming techniques in Britain, Lastra is creating a community and a movement while he shares his rich Mexican heritage. 'We strive to work directly with producers as much as possible,' says Lastra. 'Traceability is crucial because we are passionate about our ingredients. If you don't know where your ingredients come from, you cannot go beyond and do something special. That is what makes the difference." Santiago Lastra is the mastermind behind the creative and impeccably researched menu at Kol. 'Producers also contribute to creating a great dish,' he adds. "It begins with the ingredients we use and the people who nurture and harvest them, being mindful of seasonality and the environment. This attention makes the food taste significantly better and allows for greater creativity. We communicate with producers and our suppliers almost daily to prepare and gradually develop dishes based on availability. It is all about collaboration.' Born in Mexico City and raised in nearby Cuernavaca, Lastra wanted to be a mathematician and was deeply attracted to research and problem-solving. His first attempt at cooking was the recreation of a crab dip recipe on the back of a packet of Ritz Crackers. At 15 years old he started working part-time in a local Italian restaurant, and after graduating from high school at 18, he moved to Spain to attend an internship at Michelin-starred Europa Restaurante. By now, the link between science, research and cooking was clear to the budding chef. He returned to Mexico to study culinary arts before returning to Spain, where he worked for fifteen months at Mugaritz while completing a master's degree in culinary innovation at the Basque Culinary Centre. With no intention of opening his own restaurant, the plan was to return to Mexico and open a research laboratory. Every corner of the restaurant, from traditional Mexican crafts to bespoke furnishings and ... More dinnerware, is curated by Lastra. But then, Copenhagen came calling. He began a development course at the Nordic Food Lab in the University of Copenhagen, researching how to make tortillas using the local grains. The project evolved into a series of pop-up events, where he cooked Mexican-inspired recipes using ingredients from the countries in which he was hosted. This innovative endeavor attracted the attention of René Redzepi, who was planning to bring his acclaimed Noma restaurant to Mexico for a 7-week pop-up in Tulum, and thought Lastra was the right person to manage that project. After spending months researching Mexican ingredients and cuisine for the Noma project, Lastra set his eye on the U.K. for his next big endeavor — to open his own restaurant applying the same idea as his experimental pop-ups, crafting dishes that honored his heritage but using only British ingredients. That means no limes, avocados, coconuts, pineapples or any ingredient which does not grow in Britain. He spent a year traveling across the U.K. meeting producers, ranchers, fishermen and cheesemakers, understanding the flavors, the land and what it produced to find ingredients that approximated the flavors familiar with Mexican cuisine. He opened KOL in 2020, and by 2022, the restaurant was awarded its first Michelin Star, which it retains today. The food is prepared right in the middle of the restaurant in a tiny but efficient open kitchen. And the only items he imports directly from Mexico are corn, dried chiles and chocolate. Churro: Cornish crab dulce de leche and marigold, as interpreted by Lastra and team at Kol for the ... More spring menu. The menu at KOL is quite indescribable. You might read items like 'Taco: Langoustine, smoked chilli, sea buckthorn,' or 'Churro, Cornish crab dulce de leche, marigold,' and you will have absolutely no idea of what's to come. Cornish crab dulce de leche? Yes, in a way. The KOL way. And it won't look like anything else you've ever seen. Definitely not the sugar-coated fried pastry sold in the streets of Mexico. On the day of my visit Lastra took me, mezcal and verjus margarita in hand, to the restaurant's lower ground floor where stand-alone bar, KOL Mezcaleria, shares the space with the Chef's Table, KOL's private dining room. At the end of the long space is a small kitchen which doubles as a research space for Lastra and his team. He points to a blackboard with notes and drawings, explaining the thought process behind a dish in which he was working for the spring menu. Then he shows me the work in progress, a rainbow skewer of vegetable stems and herbs - sea beet leaves, pennywort, and rhubarb – which they grill and place atop their interpretation of a nicuatole, a corn-based pudding which, at KOL, is flavored with meadowsweet for sweetness, and finished with a corn sauce and a spoonful of caviar. This spring-forward dish will, of course, disappear or change completely for the summer season, as will the restaurant's whole menu. 'We draw inspiration from Mexican flavors; that is our starting point,' says Lastra. 'Our main goal is to create dishes that are authentically Mexican, and for that, we need to understand how Mexican food genuinely tastes. With its rounded flavor notes, spices, herbs, spiciness, alkalinity, sweetness, sourness - they are very complex to use. It is also about using the memories and stories of childhood to showcase the various dishes from Mexico through a unique experience.' Lastra's interpretation of the humble nicuatole, elevated to the stratosphere at Kol. The food is paired with a wine list that boasts 100% biodynamic and organic wine from Central and Eastern Europe, carefully chosen by Lastra and team. When I asked why no Mexican wines on the list, he was blunt: 'I have not found one with the quality that I seek, but there are a few getting closer.' As expected, KOL Mezcaleria specializes in mezcal and other premium Mexican spirits. Mirroring the kitchen's philosophy, cocktails use agave-based spirits paired with seasonal British ingredients. While you'll need months in advance to book a table at KOL, the mezcaleria is a bit more laid-back, and if you are lucky, you might be able to walk in if it's early enough on a weekday. Plus, you can enjoy snacky foods that pair with the drinks. Think quesadillas made with Kentish Oaxaca-style cheese, truffles, and guajillo chile, or an empanada filled with wagyu shortrib, served with watercress salsa and pickled shallot. 'We adapted recipes to the local ingredients and seasonality of the United Kingdom. It's almost like translating the flavors of Mexico into what can be created with ingredients found in the U.K.,' says Lastra. 'We discovered ways to cook and dress these locally and seasonally grown ingredients to achieve a similar flavor experience to that of Mexican produce. We replicated this flavor experience in our own style, creating tasty and delicious dishes that have a story to tell.' Last year, Lastra and his team reached another milestone by opening Fonda, a more casual yet equally interesting restaurant serving regional Mexican classics. While dishes like tacos, tetelas, ceviche and mole are recognizable, they are prepared with the same 'British ingredients, Mexican soul' approach that has distinguished Lastra as an international culinary innovator, and a proud son of Mexico.
Yahoo
02-06-2025
- Business
- Yahoo
FiEE, Inc. Closes Its First Day of Trading on NASDAQ
Company resumed trading under its existing symbol "MINM" HONG KONG, June 2, 2025 /PRNewswire/ -- FiEE, Inc. (NASDAQ:MINM) ("FiEE, Inc." or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, commenced the trading of its common stock on Monday, June 2, 2025 on the Nasdaq Capital Market under the ticker symbol "MINM". With the vision of growing Key Opinion Leaders ("KOLs") in the market, FiEE, Inc. is currently strategically transforming to seize market opportunities with its innovative brand management solutions for the underrecognized talents. Since 2023, FiEE, Inc. has been pivoting to a Software First business model through enhancing its MinimOS cloud platform and API suite for ISPs/OEMs, as well merging with e2Companies to broaden its technology and revenue base. Currently, it is offering multi-faceted IoT-enabled Connectivity Solutions for the talented individuals in the market, including Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. With its innovative positioning, FiEE, Inc. is addressing significant challenges faced by talented individuals in the market, such as insufficient promotion channels, overdependence on offline events, and high costs of conventional advertising. It is establishing a comprehensive value ecosystem that offers a secure, diverse and enduring platform for these talents, aiming to elevate their personal brand and influence. Leveraging robust technological foundation on cybersecurity, market analysis, AI and big data analysis, the Company is also positioned to safeguard original creations, digital arts, NFTs and exclusive content for these talented individuals. Rafael Li, Chief Executive Officer of FiEE, Inc. added, "We are glad to witness our common stock resumed trading on Nasdaq. In the foreseeable future, I plan to lead the team to continuously enhance our technological capabilities, utilizing AI, big data analysis, and our long-standing IoT-enabled Connectivity Solutions to match potential users in the market and provide them with comprehensive solutions. Our long-term goal is to build a unique KOL community with billions of fans, empowering them to achieve sustained success in the digital landscape. We are confident that with our new positioning, FiEE, Inc. will reach new heights and create long-lasting value for our shareholders." About FiEE, Inc. FiEE, Inc. (NASDAQ:MINM), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2023 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging the expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint. FiEE, Inc.'s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE Inc.'s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives. Forward-Looking StatementsThis communication contains forward-looking statements which include, but are not limited to, statements regarding the Company's listing of its common stock on Nasdaq; the impact of the listing; the Company's business strategy, including its strategic transformation; and the Company's ability to drive long-term growth and shareholder value. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The Company's expectations and beliefs regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including but not limited to risks and uncertainties related to: the ability of the Company to maintain compliance with the Nasdaq continued listing standards; the impact of fluctuations in global financial markets on the Company's business and the actions it may take in response thereto; the Company's ability to execute its plans and strategies; and the impact of government laws and regulations. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and elsewhere in the Company's subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed with the U.S. Securities and Exchange Commission from time to time and available at View original content: SOURCE FiEE, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
14-05-2025
- Business
- Korea Herald
April 2025 Global Sources Hong Kong Shows Conclude Successfully, Leading a New Wave of Global Sourcing
HONG KONG, May 14, 2025 /PRNewswire/ -- The April 2025 Global Sources Hong Kong Shows at AsiaWorld-Expo have concluded successfully. The three-phase show program, spanning nine professional sectors including Gaming, Consumer Electronics, Electronic Components, Mobile Electronics, Smart Home, Security & Home Appliances, Home & Kitchen Products, Lifestyle Products, Sports & Outdoor, and Baby & Children Products, attracted nearly 5,000 premium Asian suppliers and showcased over 340,000 innovative products. The show recorded more than 120,000 buyer visits, with a marked increase in the presence of professional buyers from Eastern Europe, Latin America, Japan, and South Korea. Against the backdrop of profound changes in global trade patterns, Global Sources Hong Kong Shows continue to break through the limitations of traditional physical exhibitions, achieving deep online-to-offline (O2O) integration. Coinciding with the 30th anniversary of the Global Sources Online (GSOL), this exhibition further utilized big data analysis and AI technology to strengthen its O2O service model, creating a more efficient and precise matchmaking platform for B2B trade. This innovative approach further solidifies Global Sources' position as an industry trend leader and an incubator for innovative achievements. Three-Phase Exhibition Focuses on Innovative Technology and New Consumer Trends During the first phase of the Global Sources Hong Kong Shows, the focus was on Consumer Electronics, Electronic Components, and the newly established standalone Gaming Show. The new Gaming Show became a highlight, bringing together approximately 200 quality exhibitors showcasing popular peripheral products including gaming mice, keyboards, chairs, displays, controllers, headphones, and audio equipment. The exhibition pioneered the "KOL and Buyers' Favorite Gaming Gear Awards," inviting international KOLs and on-site buyers to jointly evaluate products across multiple professional dimensions including design, functionality, user experience, material quality, and innovation, accurately reflecting market trends. IP collaborations, trendy designs, and the blind box economy trend are driving the industry to upgrade from functionality to cultural symbols, particularly appealing to Generation Z buyers. Multiple esports brands showcased flagship new products on-site, with cosplayers helping to create an immersive experience, comprehensively igniting the sourcing boom for gaming peripherals. Moving into the second phase of the exhibition, AI technology was widely applied across product categories including mobile devices, smart wearables, health management, and robotics, generating enthusiastic market interest. Emerging brands combined fashionable design, IP collaborations, and DIY elements to precisely target the global high-end consumer market, highlighting differentiated competitiveness. Smart pet products and modular electronic accessories emerged as consumer hotspots. The second phase exhibition promoted brand internationalization and market upgrades through innovative technology, personalized design, and new lifestyle experiences, providing forward-looking procurement decision-making references for global professional buyers. In the third phase of the exhibition, closely aligning with the 2026 World Cup fever, a special themed area showcased sustainable material sports equipment, customized jerseys, and IP derivative products, while also presenting innovative outdoor equipment such as multifunctional camping vehicles and smart fitness equipment to meet multi-scenario application needs. On-site activities included a sports carnival, Pickleball experience, triathlon, and Wing Chun master demonstrations, enhancing audience interaction and immersive experiences. The Baby & Children Products Show focused on intelligent and emotionally resonant designs, with AI baby care and fun children's travel products gaining popularity among new-generation families, driving product upgrades and industry innovation. Exhibitor Feedback This year's Global Sources Hong Kong Shows attracted numerous quality enterprises from across Asia, with many exhibitors highly commending the professional organization, buyer resources, and on-site effectiveness of the shows. Wayne Tang, Overseas Sales Director of Shenzhen eloT Technology Co., Ltd., which specializes in smart wearable products, stated that the company chooses to release all its new products on the Global Sources platform, both online and offline. During this exhibition, approximately 40% of clients or potential buyers who had previously engaged in online negotiations visited their booth in person, delivering outstanding results. Wang Shengjun, General Manager of Shenzhen Hongda Sheng Electronics Co., Ltd., which focuses on gaming console accessories production, said the company has participated in Global Sources Hong Kong Shows since 2017, recognizing the extensive and professional customer resources, rigorous organization, and highly focused clientele of the shows. He emphasized that despite tariff challenges, the results exceeded expectations based on the exhibition's on-site performance, and he remains confident about future development. Meng Zhiyun, China Regional Partner of CHUWI Innovation Technology Co., Ltd., which specializes in professional laptop brands, mentioned that the company has participated in every edition of the Global Sources Hong Kong Shows since the event's founding more than a decade ago. The exhibitions draw buyers from around the globe, providing companies with valuable opportunities for in-depth communication with partners from various regions, while helping them to showcase products, expand business, gain insights into industry trends, and discover potential future development opportunities. Based on their trust in the show's professionalism, they plan to further deepen cooperation in the future. Linda Yan, General Manager of Qingdao St-Lynn International Trading Co., Ltd., which focuses on woven apparel production, said that the company met many professional supermarket and wholesale buyers from Sweden, Mexico, and other countries at the exhibition. These buyers had clear sourcing requirements that aligned perfectly with the company's products. Silvia Huang, CEO of Wood Worths Co., Ltd., which specializes in disposable wooden tableware, shared that even as a first-time exhibitor, she experienced high visitor traffic and high-quality clients, connecting with buyers from Brazil, Italy, Vietnam, and many other countries. The diverse client base with its numerous different requirements delivered satisfying exhibition results. Buyer Feedback This year's Global Sources Hong Kong Shows also received high praise from global buyers. Many buyers indicated that the exhibition not only showcased the latest products and innovative designs but also provided valuable face-to-face communication and collaboration opportunities. Alex Saltuk Toksoz, a buyer from Turkey, stated that Global Sources Hong Kong Shows, whether through exhibitions or trading platforms, is the first choice for global sourcing. It not only covers mainland China and Hong Kong but also enables contact with suppliers from regions such as the Middle East, allowing buyers to immediately grasp the latest designs and product trends. "I have been attending Global Sources Hong Kong Shows consistently for over a decade, and I think it's the best and well-organized trade show. I always find so many products and inspiration here," said Agnieszka Goluch, a buyer from Poland. Victor Musatkin, a Russian buyer focusing on home audio products, believes that Global Sources Hong Kong Shows are an ideal platform for discovering innovative products and expanding cooperation and partnerships. "I have been attending Global Sources Hong Kong Shows since 2005. Besides connecting with existing suppliers from China, I can also look at other new suppliers and new products here," said Miguel Mesquida, a buyer from Spain. Samuel Mello Medeiros, a product designer from Switzerland, stated that Global Sources Hong Kong Shows enable creative designs to become reality. He pointed out that although his product designs are completed in Europe, the actual production and implementation can find the most suitable partners at the exhibition. Indonesian buyer Stefanus Juanto believes that Global Sources excels in screening and business matching between buyers and sellers, which is precisely what they value. He considers the matching and guidance services provided by the exhibition to be very well-aligned with business needs, and the suppliers he encountered that day completely met his expectations. Brazilian buyer Miguel Muller believes the shows provides an opportunity for direct communication between buyers and sellers, not only for examining product quality, pricing, and various details but also for establishing good collaborative relationships. He pointed out that on-site matching and face-to-face meetings make collaboration more efficient, while participating suppliers place great importance on understanding customer needs and are committed to growing alongside buyers. Outlook for the Future John Kao, Vice President of Global Sources Hong Kong and Overseas Shows, stated that the Global Sources Hong Kong Shows will continue to play a vital role in global trade, by actively partnering with more high-quality enterprises. They aim to vigorously promote innovation and development across various industries through establishing long-term, stable partnerships. The shows serve as an excellent platform for suppliers to showcase innovative products while providing buyers with timely updates on market trends and sourcing options, building a bridge for communication and cooperation between buyers and sellers, helping both parties discover more business opportunities in global trade. As AI technology revolutionizes various sectors, the shows will continue to drive innovation in AI application products across the sourcing industry. From October 18-21, 2025, Global Sources Hong Kong Shows will organize an AI-themed product hall featuring over 1,200 booths covering seven major sectors including AI mobile devices, wearable electronics, toys, and more. The exhibition will showcase the latest applications and trends, creating a platform for exchange and cooperation between global buyers and suppliers to promote AI industry development. About Global Sources Global Sources is an internationally recognized multichannel Online-to-Offline (O2O) sourcing platform that has been driving global trade for over 50 years. The company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through its online platform mobile apps, industry-specific trade shows, and tailored business matching. Global Sources' unique services have successfully provided efficient and convenient commercial services to over 14 million registered international buyers and users.
Yahoo
14-05-2025
- Business
- Yahoo
April 2025 Global Sources Hong Kong Shows Conclude Successfully, Leading a New Wave of Global Sourcing
HONG KONG, May 14, 2025 /PRNewswire/ -- The April 2025 Global Sources Hong Kong Shows at AsiaWorld-Expo have concluded successfully. The three-phase show program, spanning nine professional sectors including Gaming, Consumer Electronics, Electronic Components, Mobile Electronics, Smart Home, Security & Home Appliances, Home & Kitchen Products, Lifestyle Products, Sports & Outdoor, and Baby & Children Products, attracted nearly 5,000 premium Asian suppliers and showcased over 340,000 innovative products. The show recorded more than 120,000 buyer visits, with a marked increase in the presence of professional buyers from Eastern Europe, Latin America, Japan, and South Korea. Against the backdrop of profound changes in global trade patterns, Global Sources Hong Kong Shows continue to break through the limitations of traditional physical exhibitions, achieving deep online-to-offline (O2O) integration. Coinciding with the 30th anniversary of the Global Sources Online (GSOL), this exhibition further utilized big data analysis and AI technology to strengthen its O2O service model, creating a more efficient and precise matchmaking platform for B2B trade. This innovative approach further solidifies Global Sources' position as an industry trend leader and an incubator for innovative achievements. Three-Phase Exhibition Focuses on Innovative Technology and New Consumer TrendsDuring the first phase of the Global Sources Hong Kong Shows, the focus was on Consumer Electronics, Electronic Components, and the newly established standalone Gaming Show. The new Gaming Show became a highlight, bringing together approximately 200 quality exhibitors showcasing popular peripheral products including gaming mice, keyboards, chairs, displays, controllers, headphones, and audio equipment. The exhibition pioneered the "KOL and Buyers' Favorite Gaming Gear Awards," inviting international KOLs and on-site buyers to jointly evaluate products across multiple professional dimensions including design, functionality, user experience, material quality, and innovation, accurately reflecting market trends. IP collaborations, trendy designs, and the blind box economy trend are driving the industry to upgrade from functionality to cultural symbols, particularly appealing to Generation Z buyers. Multiple esports brands showcased flagship new products on-site, with cosplayers helping to create an immersive experience, comprehensively igniting the sourcing boom for gaming peripherals. Moving into the second phase of the exhibition, AI technology was widely applied across product categories including mobile devices, smart wearables, health management, and robotics, generating enthusiastic market interest. Emerging brands combined fashionable design, IP collaborations, and DIY elements to precisely target the global high-end consumer market, highlighting differentiated competitiveness. Smart pet products and modular electronic accessories emerged as consumer hotspots. The second phase exhibition promoted brand internationalization and market upgrades through innovative technology, personalized design, and new lifestyle experiences, providing forward-looking procurement decision-making references for global professional buyers. In the third phase of the exhibition, closely aligning with the 2026 World Cup fever, a special themed area showcased sustainable material sports equipment, customized jerseys, and IP derivative products, while also presenting innovative outdoor equipment such as multifunctional camping vehicles and smart fitness equipment to meet multi-scenario application needs. On-site activities included a sports carnival, Pickleball experience, triathlon, and Wing Chun master demonstrations, enhancing audience interaction and immersive experiences. The Baby & Children Products Show focused on intelligent and emotionally resonant designs, with AI baby care and fun children's travel products gaining popularity among new-generation families, driving product upgrades and industry innovation. Exhibitor FeedbackThis year's Global Sources Hong Kong Shows attracted numerous quality enterprises from across Asia, with many exhibitors highly commending the professional organization, buyer resources, and on-site effectiveness of the shows. Wayne Tang, Overseas Sales Director of Shenzhen eloT Technology Co., Ltd., which specializes in smart wearable products, stated that the company chooses to release all its new products on the Global Sources platform, both online and offline. During this exhibition, approximately 40% of clients or potential buyers who had previously engaged in online negotiations visited their booth in person, delivering outstanding results. Wang Shengjun, General Manager of Shenzhen Hongda Sheng Electronics Co., Ltd., which focuses on gaming console accessories production, said the company has participated in Global Sources Hong Kong Shows since 2017, recognizing the extensive and professional customer resources, rigorous organization, and highly focused clientele of the shows. He emphasized that despite tariff challenges, the results exceeded expectations based on the exhibition's on-site performance, and he remains confident about future development. Meng Zhiyun, China Regional Partner of CHUWI Innovation Technology Co., Ltd., which specializes in professional laptop brands, mentioned that the company has participated in every edition of the Global Sources Hong Kong Shows since the event's founding more than a decade ago. The exhibitions draw buyers from around the globe, providing companies with valuable opportunities for in-depth communication with partners from various regions, while helping them to showcase products, expand business, gain insights into industry trends, and discover potential future development opportunities. Based on their trust in the show's professionalism, they plan to further deepen cooperation in the future. Linda Yan, General Manager of Qingdao St-Lynn International Trading Co., Ltd., which focuses on woven apparel production, said that the company met many professional supermarket and wholesale buyers from Sweden, Mexico, and other countries at the exhibition. These buyers had clear sourcing requirements that aligned perfectly with the company's products. Silvia Huang, CEO of Wood Worths Co., Ltd., which specializes in disposable wooden tableware, shared that even as a first-time exhibitor, she experienced high visitor traffic and high-quality clients, connecting with buyers from Brazil, Italy, Vietnam, and many other countries. The diverse client base with its numerous different requirements delivered satisfying exhibition results. Buyer FeedbackThis year's Global Sources Hong Kong Shows also received high praise from global buyers. Many buyers indicated that the exhibition not only showcased the latest products and innovative designs but also provided valuable face-to-face communication and collaboration opportunities. Alex Saltuk Toksoz, a buyer from Turkey, stated that Global Sources Hong Kong Shows, whether through exhibitions or trading platforms, is the first choice for global sourcing. It not only covers mainland China and Hong Kong but also enables contact with suppliers from regions such as the Middle East, allowing buyers to immediately grasp the latest designs and product trends. "I have been attending Global Sources Hong Kong Shows consistently for over a decade, and I think it's the best and well-organized trade show. I always find so many products and inspiration here," said Agnieszka Goluch, a buyer from Poland. Victor Musatkin, a Russian buyer focusing on home audio products, believes that Global Sources Hong Kong Shows are an ideal platform for discovering innovative products and expanding cooperation and partnerships. "I have been attending Global Sources Hong Kong Shows since 2005. Besides connecting with existing suppliers from China, I can also look at other new suppliers and new products here," said Miguel Mesquida, a buyer from Spain. Samuel Mello Medeiros, a product designer from Switzerland, stated that Global Sources Hong Kong Shows enable creative designs to become reality. He pointed out that although his product designs are completed in Europe, the actual production and implementation can find the most suitable partners at the exhibition. Indonesian buyer Stefanus Juanto believes that Global Sources excels in screening and business matching between buyers and sellers, which is precisely what they value. He considers the matching and guidance services provided by the exhibition to be very well-aligned with business needs, and the suppliers he encountered that day completely met his expectations. Brazilian buyer Miguel Muller believes the shows provides an opportunity for direct communication between buyers and sellers, not only for examining product quality, pricing, and various details but also for establishing good collaborative relationships. He pointed out that on-site matching and face-to-face meetings make collaboration more efficient, while participating suppliers place great importance on understanding customer needs and are committed to growing alongside buyers. Outlook for the FutureJohn Kao, Vice President of Global Sources Hong Kong and Overseas Shows, stated that the Global Sources Hong Kong Shows will continue to play a vital role in global trade, by actively partnering with more high-quality enterprises. They aim to vigorously promote innovation and development across various industries through establishing long-term, stable partnerships. The shows serve as an excellent platform for suppliers to showcase innovative products while providing buyers with timely updates on market trends and sourcing options, building a bridge for communication and cooperation between buyers and sellers, helping both parties discover more business opportunities in global trade. As AI technology revolutionizes various sectors, the shows will continue to drive innovation in AI application products across the sourcing industry. From October 18-21, 2025, Global Sources Hong Kong Shows will organize an AI-themed product hall featuring over 1,200 booths covering seven major sectors including AI mobile devices, wearable electronics, toys, and more. The exhibition will showcase the latest applications and trends, creating a platform for exchange and cooperation between global buyers and suppliers to promote AI industry development. About Global SourcesGlobal Sources is an internationally recognized multichannel Online-to-Offline (O2O) sourcing platform that has been driving global trade for over 50 years. The company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through its online platform mobile apps, industry-specific trade shows, and tailored business matching. Global Sources' unique services have successfully provided efficient and convenient commercial services to over 14 million registered international buyers and users. This press release is distributed by Market Hubs Holdings Limited. For Media Inquiry:Market Hubs Holdings LimitedLierence Li Debbie So +852 3998-4900 +852 3998-4900 lierence@ debbie@ View original content to download multimedia: SOURCE Global Sources Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Kyverna Therapeutics Provides Business Update and Reports First Quarter 2025 Financial Results
Enrollment complete in registrational Phase 2 KYV-101 trial in stiff person syndrome (SPS); on track for topline data in 1H 2026; biologics license application (BLA) filing now anticipated in 1H 2026 Advancing into registrational Phase 3 KYV-101 trial in myasthenia gravis (MG) following successful end-of-Phase 2 meeting with U.S. Food and Drug Administration (FDA); Phase 2 MG data anticipated in 2H 2025 Company to host KOL event in Q3 2025, spotlighting its accelerating neuroinflammation franchise Strong financial position; cash runway into 2027 supports first BLA filing, MG Phase 3 trial and pre-launch activities EMERYVILLE, Calif., May 13, 2025 /PRNewswire/ -- Kyverna Therapeutics, Inc. (Nasdaq: KYTX), a clinical-stage biopharmaceutical company focused on developing cell therapies for patients with autoimmune diseases, today reported its business highlights and financial results for the quarter ended March 31, 2025. "We are pleased to report an exceptional start to the year, marked by rapid execution against our focused strategy to advance development of KYV-101 and build Kyverna into a robust clinical and commercial-ready organization," said Warner Biddle, Chief Executive Officer of Kyverna Therapeutics. "Importantly, we have now aligned with the FDA on the registrational pathway for our two lead indications, SPS and MG, laying the foundation for accelerating our potential first-in-class neuroinflammation franchise. Having recently completed enrollment in KYSA-8, our registrational study in SPS, we now anticipate filing our first BLA in the first half of 2026 and are strategically investing in pre-launch activities. We are working with a sense of urgency given SPS is a debilitating and progressive disease with no currently approved therapies." First Quarter 2025 Highlights and Recent Business Updates KYV-101: Autologous, fully human CD19 CAR T-cell product candidate, incorporating highly potent CD28 co-stimulation. KYV-101 is currently being evaluated in company-sponsored KYSA trials and investigator-initiated trials in numerous B cell mediated autoimmune diseases with a prioritized focus in stiff person syndrome, myasthenia gravis and lupus nephritis. Stiff Person Syndrome (SPS) Kyverna has completed patient enrollment in KYSA-8, its pivotal Phase 2 trial for KYV-101 in SPS. As previously announced, the Company has aligned with the FDA for KYSA-8 to serve as a registrational study in SPS, including its 25-patient trial size and use of the timed 25-foot walk test (T25FW) as the primary endpoint. The Company expects to report topline data from this study and submit its first BLA in the first half of 2026. At the American Academy of Neurology (AAN) Annual Meeting in April 2025, Kyverna presented a real-world analysis on functional outcome measures in patients with SPS. In collaboration with the University of Colorado, the study utilized the T25FW and modified Rankin Scale to assess disease severity and progression over time. Findings demonstrated that walking ability in patients with SPS, assessed by T25FW, gets worse over time, validating T25FW as a clinical measure of mobility and disease progression and supporting its utility in monitoring response to therapy. Myasthenia Gravis (MG) Following a positive end-of-Phase 2 meeting with the FDA, Kyverna received written alignment confirming its plans to advance KYV-101 into a Phase 3 clinical trial. The Company plans to share details of the study design mid-year, including trial size and endpoints. Kyverna remains on track to report interim data from KYSA-6, its ongoing Phase 2 trial in MG, in the second half of 2025. Lupus Nephritis (LN) Kyverna remains on track to report data from the KYSA-1 and KYSA-3 Phase 1 trials in LN in the second half of 2025. Additional Indications Kyverna is efficiently exploring additional opportunities for KYV-101 beyond the Company's priority indications through sponsored clinical trials and investigator-initiated trials (IITs) across numerous other autoimmune diseases, including multiple sclerosis (MS). Data from these efforts will inform selection of the next priority indication(s) to accelerate into late-stage development. At AAN, researchers presented preliminary KYV-101 data in MS from two IITs, which showed a potentially favorable benefit/risk profile of KYV-101 in patients with progressive MS. KYV-102: Next-generation candidate incorporating Kyverna's patented, fully human CD19 CAR T and the Company's proprietary whole-blood rapid manufacturing approach, which aims to improve the CAR T patient experience, eliminate apheresis and broaden CAR T access. Kyverna remains on track to file an investigational new drug application for KYV-102 in the second half of 2025. Corporate and Manufacturing Updates Kyverna advanced chemistry, manufacturing, and controls (CMC) to enhance commercial readiness. In the first quarter: The FDA confirmed the Company's planned CMC package to support commercial manufacturing of KYV-101 for SPS and MG as well as future indications, with extensive CMC experience in autoimmune disease from KYSA studies, IITs and compassionate use cases supporting process characterization. Kyverna successfully initiated clinical manufacturing at Elevate Bio, the Company's second manufacturing partner, for which the FDA accepted comparability data between manufacturing sites. Kyverna has streamlined the organization to support the Company's late-stage development and commercialization objectives while preserving cash runway into 2027. This resulted in a workforce reduction of approximately 16% in the first quarter of 2025. Virtual KOL Neuroinflammation Franchise Event Kyverna is planning to host a virtual KOL event in Q3 2025, highlighting its accelerating neuroinflammation franchise and differentiated CD19 asset, KYV-101. Anticipated Milestones Kyverna has issued the following guidance on upcoming program milestones: SPS: Report Topline Pivotal Phase 2 Data 1H 2026 BLA filing in 1H 2026 (updated from previous guidance for 2026) MG: Report Interim Phase 2 Data 2H 2025 LN: Report Phase 1 Data 2H 2025 Future Pipeline: File KYV-102 IND application 2H 2025 Financial Results for the Quarter Ended March 31, 2025 Kyverna reported $242.6 million in cash, cash equivalents, and available-for-sale marketable securities as of March 31, 2025. The Company expects this to provide a cash runway into 2027, which supports its first BLA filing, MG Phase 3 trial and pre-launch activities. Research and Development (R&D) expenses were $37.4 million for the quarter ended March 31, 2025 compared to $22.5 million for the quarter ended March 31, 2024, which included $0.8 million and $0.6 million of non-cash stock-based compensation expenses, respectively. General and Administrative (G&A) expenses were $10.0 million for the quarter ended March 31, 2025, compared to $6.9 million for the quarter ended March 31, 2024, which included $1.4 million and $1.7 million of non-cash stock-based compensation expenses, respectively. For the quarter ended March 31, 2025, the Company reported a net loss of $44.6 million, or a net loss per common share of $1.03, compared to a net loss of $26.7 million, or a net loss per common share of $1.12, for the same period in 2024. As noted in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2025, Kyverna's operating cash burn in the first half of 2025 is expected to be higher than its operating cash burn in the second half of 2025. In particular, the Company made certain one-time investments in its CMC readiness, which the Company expects to continue through the first half of 2025 to support commercial readiness for SPS and MG and the filing of its first BLA in 2026. The Company has also accelerated enrollment in certain of its clinical trials, with enrollment completed in its registrational Phase 2 trial in SPS. About KYV-101 Uniquely designed, KYV-101 is an autologous, fully human CD19 CAR T-cell product candidate with highly potent CD28 co-stimulation and designed for tolerability, which is under investigation for B-cell-driven autoimmune diseases. With KYV-101, Kyverna is pioneering a durable disease-clearing approach aiming for deep B cell depletion, an immune system reset, and long-term remission in autoimmune diseases. About Kyverna Therapeutics Kyverna Therapeutics, Inc. (Nasdaq: KYTX) is a clinical-stage biopharmaceutical company focused on liberating patients through the curative potential of cell therapy. Kyverna's lead CAR T-cell therapy candidate, KYV-101, is advancing through late-stage clinical development with registrational trials for stiff person syndrome and myasthenia gravis, and two ongoing multi-center Phase 1/2 trials for patients with lupus nephritis. The Company is also harnessing other KYSA trials and investigator-initiated trials, including in multiple sclerosis, to inform the next priority indications for the Company to advance into late-stage development. Its pipeline includes next-generation CAR T-cell therapies in both autologous and allogeneic formats with properties intended to be well suited for use in B cell-driven autoimmune diseases. For more information, please visit Forward-looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." The words, without limitation, "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Forward-looking statements in this press release include, without limitation, those related to: Kyverna's strategic priorities and focus; the expected timing for releasing topline data for its Phase 2 trial in stiff person syndrome; the potential for KYV-101 to be a first-in-class neuroinflammation franchise; the potential for KYV-102 to improve the patient experience and broaden CAR T access; anticipated milestones and timing thereof, including anticipated timing for the first intended BLA submission for KYV-101 and timing for reporting data; the speed at which any approvals may be obtained; Kyverna's engagement with regulators; Kyverna's anticipated cash runway; and Kyverna's clinical trials, investigator initiated trials and named-patient activities. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, the possibility that the FDA or other regulatory agencies may require additional trials or studies to support its intended BLA submission; intellectual property rights; and other factors discussed in the "Risk Factors" section of Kyverna's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q that Kyverna has filed or may subsequently file with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release are based on the current expectations of Kyverna's management team and speak only as of the date hereof, and Kyverna specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. For more information, please contact:Investors: InvestorRelations@ Media@ Kyverna Therapeutics, Inc. Statements of Operations and Comprehensive Loss (in thousands, except share and per share data) (Unaudited)Three Months Ended March 31,2025 2024Operating expenses Research and development$ 37,433 $ 22,476General and administrative 9,9756,882Total operating expenses 47,40829,358Loss from operations (47,408)(29,358)Interest income 2,8252,735Interest expense (25)(44)Other expense, net (27)(26)Total other income, net 2,7732,665Net loss (44,635)(26,693)Other comprehensive loss Unrealized loss on available-for-sale marketable securities, net (106)(5)Total other comprehensive loss (106)(5)Net loss and other comprehensive loss$ (44,741) $ (26,698)Net loss per share attributable to common stockholders, basic and diluted$ (1.03) $ (1.12)Weighted-average shares of common stock outstanding, basic and diluted 43,215,57723,754,062 Kyverna Therapeutics, Inc. Condensed Balance Sheets (in thousands) (Unaudited)March 31, December 31,2025 2024Assets Current assets Cash and cash equivalents and available-for-sale marketable securities$ 242,649 $ 285,979Prepaid expenses and other current assets 5,0024,622Total current assets 247,651290,601Restricted cash 557552Property and equipment, net 2,4363,347Operating lease right-of-use assets 5,7646,468Finance lease right-of-use assets 603841Other non-current assets 3,6442,836Total assets$ 260,655 $ 304,645Liabilities and stockholders' equity Current liabilities$ 33,292 $ 33,756Non-current liabilities 3,3534,302Stockholders' equity 224,010266,587Total liabilities and stockholders' equity $ 260,655 $ 304,645 View original content to download multimedia: SOURCE Kyverna Therapeutics Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
