Latest news with #MAT
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Business Standard
5 days ago
- Business
- Business Standard
Indian pharma market grows 7.9% in July, led by chronic therapies
Despite flat volumes, India's pharma market posted 7.9% growth in July on strong demand for chronic therapies like cardiac and diabetes; MAT turnover crossed Rs 2.3 trillion Sanket Koul New Delhi Listen to This Article The Indian pharmaceutical market (IPM) grew 7.9 per cent in July this year, backed by positive value growth in major chronic therapies, according to market research firm Pharmarack. Among them, therapies such as cardiac and antidiabetes — which together account for nearly 25 per cent of the overall domestic market — recorded value growth of 14.1 per cent and 9 per cent, respectively. Several super groups, such as urology and antineoplastics, each contributing around 2 per cent to the IPM's monthly sales value, also reported double-digit value growth.
Business Upturn
01-08-2025
- Health
- Business Upturn
FOXO TECHNOLOGIES INC.'S BIG SOUTH FORK MEDICAL CENTER COMPLETES PERFORMANCE NETWORK AGREEMENT WITH COVENANT HEALTH TO PROVIDE SWING BED SERVICES
WEST PALM BEACH, FLORIDA, Aug. 01, 2025 (GLOBE NEWSWIRE) — FOXO Technologies Inc. (NYSE American: FOXO) ('FOXO' or the 'Company') today announced that its critical access designated rural hospital, Big South Fork Medical Center located in Oneida, Tennessee, has completed a Performance Network Agreement with Covenant Health to join their performance network as a provider of swing bed services. Covenant Health is a large, muti-facility hospital network serving greater Knoxville and East Tennessee. Patients who no longer meet acute care admission criteria are frequently in need of post-acute care to enhance their recovery. Big South Fork Medical Center is well positioned to provide swing bed services to a number of patients needing post-acute care, which will facilitate patients returning to their communities and being closer to their family during their recovery periods. Hal Leftwich, CEO of Big South Fork Medical Center noted, 'This agreement is an attestation to the services we provide and our hospital's proximity to patient homes in this and surrounding communities which make us an attractive option for many patients in need of post-acute care.' 'Being part of Covenant Health's performance network is consistent with our organic growth strategy of increasing net revenues at the hospital,' stated Seamus Lagan, Chief Executive Officer of parent company, FOXO Technologies Inc. About FOXO Technologies Inc. ('FOXO') FOXO owns and operates three subsidiaries. Rennova Community Health, Inc., owns and operates Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center), a critical access designated (CAH) hospital in East Tennessee. Myrtle Recovery Centers, Inc., a 30-bed behavioral health facility in East Tennessee. Myrtle provides inpatient services for detox and residential treatment and outpatient services for MAT and OBOT Programs. FOXO Labs, Inc. is a biotechnology company dedicated to improving human health and life span through the development of cutting-edge technology and product solutions for various industries. For more information about FOXO, visit Forward-Looking Statements This press release contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the FOXO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to the risk of changes in the competitive and highly regulated industries in which FOXO operates; variations in operating performance across competitors or changes in laws and regulations affecting FOXO's business; the ability to implement FOXO's business plans, forecasts, and other expectations; the ability to obtain financing; the risk that FOXO has a history of losses and may not achieve or maintain profitability in the future; the enforceability of FOXO's intellectual property, including its patents and the potential infringement on the intellectual property rights of others; and the risk of downturns and a changing regulatory landscape in the highly competitive industries in which FOXO operates. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in FOXO's most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports, and in other documents FOXO has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FOXO assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Sebastien Sainsbury [email protected] (561) 485-0151 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
27-07-2025
- Business
- Yahoo
Mattel (MAT) Falls 16% on Lower Earnings, Guidance
We recently published . Toymaker Mattel, Inc. (NASDAQ:MAT) is one of the worst-performing stocks on Thursday. Toymaker Mattel, Inc. (NASDAQ:MAT) dropped its share prices by 16.39 percent on Thursday to close at $16.89 apiece as investors soured on the company's dismal earnings performance and lowered revenue guidance for the full year. In its earnings release, Mattel, Inc. (NASDAQ:MAT) said net income in the second quarter of the year declined by 6 percent to $53.4 million from $56.9 million in the same period last year. Net sales also decreased by 6 percent to $1.018 billion from $1.08 billion year-on-year. For the six-month period, net income fell by 54 percent to $13 million from $28.6 million, while net sales dipped by 2 percent to $1.845 billion from $1.889 billion year-on-year. Photo by George Filippopoulos on Unsplash For the full year, Mattel, Inc. (NASDAQ:MAT) lowered its full-year net sales growth expectations to a range of 1-3 percent from 2-3 percent previously. Adjusted earnings per share were also pegged at a range of $1.54-$1.66 as compared with the $1.66-$1.72 prior. While we acknowledge the potential of MAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
Business Upturn
18-07-2025
- Business
- Business Upturn
FOXO TECHNOLOGIES INC. ANNOUNCES INTENTION TO SPIN OFF EPIGENETICS SUBSIDIARY
WEST PALM BEACH, FLORIDA, July 18, 2025 (GLOBE NEWSWIRE) — FOXO Technologies Inc. (NYSE American: FOXO) ('FOXO' or the 'Company'), today announced that its Board of Directors has approved pursuing the spin-off of its FOXO Labs, Inc. subsidiary that is focused on the development of its epigenetics business Our Epigenetics subsidiary has been serving as a pioneer in the development and integration of epigenetic biomarkers into state-of-the-art underwriting protocols and consumer engagement tools and owns Patent No. 11,817,214 titled 'Machine Learning Model Trained to Determine a Biochemical State and/or Medical Condition Using DNA Epigenetic Data. Epigenetic technology has been proven to provide health, lifestyle, and longevity insights that have never before been accessible to humans—from just a single saliva sample. Using saliva-based epigenetic biomarkers, we're eliminating the need for invasive blood and urine collection, allowing us to provide scientists with advanced epigenetic testing services and bioinformatics tools that support ground-breaking research. 'We are creating the ultimate health, fitness, and longevity coach leveraging our cutting-edge patented epigenetic analysis and a new proprietary AI model to deliver a deeply personalized coaching experience. Our AI coach first utilizes existing wellness data from wearable's to offer hyper personalized foundational lifestyle guidance. Then, through unlocking deeper epigenetic analyses, we take a web of complex biological data and simplify it into an easily actionable plan to completely transform people's journeys in health and wellness', said Mark White, Chief Executive Officer of FOXO Labs, Inc. 'We believe spinning this business off creates the best opportunity to deliver our business strategy and create value for FOXO and its shareholders.' 'We believe FOXO Labs, Inc., is an exciting opportunity to build a subscription-based revenue model for personal health and longevity,' said Seamus Lagan, Chief Executive Officer of FOXO Technologies, Inc. 'We believe a spin off whereby FOXO shareholders benefit from directly owning FOXO Labs, Inc. and by FOXO Technologies, Inc., retaining some ownership in the spun off Company, is a strategy that facilitates a simplified business model for each entity. We look forward to delivering this spin off as soon as practical.' About FOXO Technologies Inc. ('FOXO') FOXO owns and operates three subsidiaries. Rennova Community Health, Inc., owns and operates Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center), a critical access designated (CAH) hospital located in East Tennessee. Myrtle Recovery Centers, Inc., a 30-bed behavioral health facility in East Tennessee. Myrtle provides inpatient services for detox and residential treatment and outpatient services for MAT and OBOT Programs. FOXO Labs, Inc. is a biotechnology company dedicated to improving human health and life span through the development of cutting-edge technology and product solutions for various industries. For more information about FOXO, visit This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ('Securities Act'). This announcement is being issued in accordance with Rule 135 under the Securities Act. Forward-Looking Statements This press release contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the FOXO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to the risk of changes in the competitive and highly regulated industries in which FOXO operates; variations in operating performance across competitors or changes in laws and regulations affecting FOXO's businesses; the ability to implement FOXO's business plans, forecasts, and other expectations; the ability to obtain financing; the risk that FOXO has a history of losses and may not achieve or maintain profitability in the future; the enforceability of FOXO's intellectual property, including its patents and the potential infringement on the intellectual property rights of others; and the risk of downturns and a changing regulatory landscape in the highly competitive markets or industries in which FOXO operates. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in FOXO's most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports, and in other documents FOXO has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FOXO assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Sebastien Sainsbury [email protected] (561) 485-0151 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
CTV News
16-07-2025
- Business
- CTV News
Kingsville says no to municipal accommodation tax
A municipal accommodation tax (MAT) will not be coming to Kingsville, for now at least. Administration presented a report to council Monday night, recommending the town inform Tourism Windsor Essex Pelee Island (TWEPI) that they would not be moving forward with a MAT. Over the course of the spring, TWEPI visited each municipality pitching the idea of implementing a MAT on short-term rentals (STRs) and hotels. The revenue, brought in by visitors, would be split 50/50 between the municipality and TWEPI. Currently, Windsor charges a MAT at six per cent. In their report, Kingsville administration cited concerns over unknown factors, such as the full cost of administering the program, enforcement responsibilities, and lack of clarity surrounding how TWEPI will use the funds for the town. TWEPI suggested that the City of Windsor administer the program, however administration was concerned that there was no certainty on the fees that Windsor would charge for the service, and no confirmation about who would take enforcement action against STRs that do not remit the tax revenue. Resident Tony spoke at the meeting and said he rents out his cottage and was against the implementation of the MAT. 'Let's not add to the problem, more costs to the tourism industry, particularly in the form of a new MAT will only drive visitors to more affordable areas,' he said. Resident Les said he previously lived in Banff for 22 years and served on a tourism council. He said he saw firsthand how a MAT could be beneficial and asked council to reconsider at a later date. 'When tourism numbers are down, there's never been a more important time to consider finding other streams of revenue to try to help us promote Kingsville as a destination,' he said. Council heard that public consultations were held and sentiment was overwhelmingly opposed to implementing a MAT. Administration said it does not believe the revenue-share model proposed by TWEPI is the only option, or perhaps the best option, for Kingsville. Councillor Sheri Lowrie joined other councillors who weren't completely against the tax but wanted to explore it at a later time. 'There's just too many unknowns, too many unanswered questions, so again I just come back to at this time,' Lowrie said. 'I hope to see something come back in the future when we're possibly ready, but we have to let the short-term rentals roll out, let's let that happen, let's grow tourism, and then see if there's an appetite for this later.' LaSalle, Tecumseh , Essex , Amherstburg , Lakeshore and Leamington have not yet decided if they will implement a MAT as they await reports from their staff. TWEPI is asking to be informed of decisions by Aug. 31, 2025. - Written by Dustin Coffman/AM800 News.
