Latest news with #SPR
Time of India
3 days ago
- Business
- Time of India
Oil prices to stay around $65/barrel: Hardeep Puri
New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said. 'My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel,' Puri told an industry gathering on Friday. International benchmark Brent has been oscillating between $60 and $66 for a month amid increasing supplies from the producer group OPEC+ and rising demand uncertainties due to the US tariff war. High spare production capacity is weighing on the oil market, Puri said. 'Even when there are disruptions, the market knows that more supply is available,' he added, noting that one has to be 'intelligent' in using the opportunity provided by low oil prices. 'Obviously, when you have strategic reserves, you want to fill them up when the price is low.' The government has allocated ?5,600 crore in this year's budget to fill the nation's part-empty Strategic Petroleum Reserves (SPR). Puri said global supplies could further rise in the future if sanctions are lifted on Iran and Russia. 'I'm optimistic that, at some stage, the [sanctions] issue will be resolved. Iran will become a major supplier again,' he said, adding that Russia could also ramp up production. Iran accounted for a tenth of India's crude imports until 2018, when the reimposition of US sanctions shut it out of the Indian market. The US is currently renegotiating with Iran to strike a deal that would lift sanctions in return for Tehran's promise to halt its nuclear weapons programme.
Time of India
3 days ago
- Business
- Time of India
Oil prices to stay around $65/barrel: Hardeep Puri
New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said. 'My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel,' Puri told an industry gathering on Friday. International benchmark Brent has been oscillating between $60 and $66 for a month amid increasing supplies from the producer group OPEC+ and rising demand uncertainties due to the US tariff war. High spare production capacity is weighing on the oil market, Puri said. 'Even when there are disruptions, the market knows that more supply is available,' he added, noting that one has to be 'intelligent' in using the opportunity provided by low oil prices. 'Obviously, when you have strategic reserves, you want to fill them up when the price is low.' The government has allocated ?5,600 crore in this year's budget to fill the nation's part-empty Strategic Petroleum Reserves (SPR). Puri said global supplies could further rise in the future if sanctions are lifted on Iran and Russia. 'I'm optimistic that, at some stage, the [sanctions] issue will be resolved. Iran will become a major supplier again,' he said, adding that Russia could also ramp up production. Iran accounted for a tenth of India's crude imports until 2018, when the reimposition of US sanctions shut it out of the Indian market. The US is currently renegotiating with Iran to strike a deal that would lift sanctions in return for Tehran's promise to halt its nuclear weapons programme.
Time of India
3 days ago
- Business
- Time of India
Oil prices to stay around $65/barrel: Hardeep Puri
New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said. 'My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel,' Puri told an industry gathering on Friday. International benchmark Brent has been oscillating between $60 and $66 for a month amid increasing supplies from the producer group OPEC+ and rising demand uncertainties due to the US tariff war. High spare production capacity is weighing on the oil market, Puri said. 'Even when there are disruptions, the market knows that more supply is available,' he added, noting that one has to be 'intelligent' in using the opportunity provided by low oil prices. 'Obviously, when you have strategic reserves, you want to fill them up when the price is low.' The government has allocated ?5,600 crore in this year's budget to fill the nation's part-empty Strategic Petroleum Reserves (SPR). Puri said global supplies could further rise in the future if sanctions are lifted on Iran and Russia. 'I'm optimistic that, at some stage, the [sanctions] issue will be resolved. Iran will become a major supplier again,' he said, adding that Russia could also ramp up production. Iran accounted for a tenth of India's crude imports until 2018, when the reimposition of US sanctions shut it out of the Indian market. The US is currently renegotiating with Iran to strike a deal that would lift sanctions in return for Tehran's promise to halt its nuclear weapons programme.
Yahoo
5 days ago
- Business
- Yahoo
SPR Announces Publication of Sustained Chronic Shoulder Pain Outcomes Up to Five Years Post-Treatment
83 percent required no subsequent interventions, 87 percent of those patients reported ongoing improvement CLEVELAND, May 28, 2025 (GLOBE NEWSWIRE) -- SPR announced the peer-reviewed publication of additional survey data demonstrating the impact of SPR® SPRINT® PNS treatment on chronic shoulder pain. Shoulder pain is one of the most common locations of chronic pain for millions of Americans, significantly impacting their quality of life, ability to conduct daily activities, perform at work, and can lead to long-term disability. Published in Pain and Therapy, 'Durable Shoulder Pain Relief and Avoidance of Surgery Up To 5 Years Following 60-Day PNS Treatment' evaluates the long-term outcomes and sustained durability following the use of the SPRINT PNS System for chronic shoulder pain. The cross-sectional survey included 489 patients, ranging from six months to five years post start of treatment, to assess sustained pain relief and the need for further interventions. Safety outcomes were not specifically analyzed in the long-term follow-up survey. Highlights include: Among survey participants, who had a mean follow-up duration of 21 months, 83 percent (405/489) required no subsequent interventions (radiofrequency ablation, permanent implant, or surgery) following 60-day PNS 87 percent (353/405) of those patients reporting no subsequent intervention were defined as long-term responders, with sustained improvement in at least one domain including pain (≥50% relief) and/or clinically meaningful improvements (at least minimally improved) in quality of life, function, or sleep Mean pain relief among long-term responders was 68 percent Outcomes were consistent across follow-up durations up to five years and causes of chronic shoulder pain Review the full publication in Pain and Therapy here. 'The durability of outcomes over time and across a wide range of shoulder pain causes supports our belief that 60-day PNS is both a clinically effective and potentially economically advantageous approach for appropriate patients,' said Maria Bennett, President, CEO, and Founder of SPR. 'Helping patients return to their daily life is our focus. Avoiding or delaying more invasive procedures is a meaningful benefit for patients personally and financially.' About the SPRINT PNS System The SPR® SPRINT® PNS System marks an innovative shift in the treatment of pain. Our breakthrough, 60-day treatment is a First-Line PNS™ option uniquely proposed to recondition the central nervous system to provide significant and sustained relief from chronic pain — without a permanent implant, nerve destruction or the risk of addiction. The system has been studied extensively for low back pain, knee pain, shoulder pain, post-amputation pain, and chronic and acute postoperative pain, is cleared for use up to 60 days, and is recognized by leading pain management centers. Market research indicates that this breakthrough neuromodulation treatment is a patient-preferred alternative to more invasive options. The SPRINT PNS System is indicated for up to 60 days for: Symptomatic relief of chronic, intractable pain, post-surgical and post-traumatic acute pain; symptomatic relief of post-traumatic pain; symptomatic relief of postoperative pain. The SPRINT PNS System is not intended to be placed in the region innervated by the cranial and facial nerves. Physicians should use their best judgment when deciding when to use the SPRINT PNS System. For more information, see the SPRINT PNS System IFU. Most common adverse events are skin irritation and erythema. Results may vary. Rx only. For additional information regarding safety and efficacy, visit: SPR Safety Information. About SPR SPR is a privately held medical device company, providing patients with a non-opioid, minimally invasive pain treatment option. Our SPRINT® PNS System fulfills a critical unmet need for a drug-free, surgery-free option for millions who suffer from chronic pain. Backed by the largest body of clinical evidence in peripheral nerve stimulation for the treatment of pain, SPR has demonstrated commercial demand in untapped peripheral (shoulder and knee) and back pain markets and built an incredibly strong foundation for commercial growth. Headquartered in Cleveland, OH with satellite offices in Chapel Hill, NC and Minneapolis, MN, SPR's Senior Management team includes experienced industry veterans with nearly 200 years of collective pain market and MedTech expertise, all driven by our purpose – to improve the quality of patients' lives by providing them with a minimally invasive, drug-free, surgery-free solution to manage their acute and chronic pain. SPR – Solutions for pain. Inspired by life.™ More information can be found at SPR Contacts:Dave FolkensPublic Relations
Business Wire
5 days ago
- Business
- Business Wire
Nuclera and Cytiva Collaborate to Accelerate Characterization of Proteins for Drug Development
CAMBRIDGE, England & MARLBOROUGH, Mass.--(BUSINESS WIRE)--Nuclera, the biotechnology company accelerating protein expression and optimization through its benchtop eProtein Discovery™ System, has announced a collaboration with Cytiva, a global life sciences leader. This collaboration is focused on accelerating the production, purification and characterization of proteins required for drug research and development, enabled through the combination of Nuclera's eProtein Discovery System with Cytiva's Biacore™ surface plasmon resonance (SPR) technology. Proteins represent 95% of drug targets designed to combat disease. Rapid access to these proteins and understanding how they interact with drug candidates is essential for drug development. Typically, it takes months to obtain and characterize proteins, but Nuclera and Cytiva together have achieved production and characterization within five days. This achievement was showcased at industry conferences Discovery on Target and PEGS Europe, where Nuclera's eProtein Discovery System was used to produce Bruton's Tyrosine Kinase (BTK) and Vascular Endothelial Growth Factor (VEGF). These proteins were subsequently functionally characterized using Cytiva's Biacore SPR system. Dr. Yvonne Tan, Associate Director of Product Management, Nuclera, commented: 'Collaborating with life science leader Cytiva supports Nuclera in our mission of improving human health. Through this collaboration, we have demonstrated eProtein Discovery's ability to produce clinically significant proteins that can be used in characterization experiments. Combining eProtein Discovery's capability to streamline protein production workflows with Cytiva's Biacore protein characterization systems open a whole new avenue for accelerating drug development.' Anna Moberg, Senior Manager and Project Manager, Cytiva, added: 'The ability of Nuclera's eProtein Discovery to accelerate protein production and purification complements Cytiva's Biacore SPR technology by streamlining the upstream protein production process. We look forward to continuing our collaboration to further enhance the production of characterizable proteins for drug development.' For more information about Nuclera's eProtein Discovery System, please visit:
