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Quantum BioPharma (NASDAQ: QNTM) (CSE: QNTM) Draws ‘Buy’ Rating on Lucid-MS Potential
Disseminated on behalf of Quantum BioPharma Ltd. and may include paid advertising. Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) received a ‘Buy’ rating from Rodman & Renshaw, which initiated coverage with an $8.00 price target based on the company’s Lucid-MS drug candidate. Described as a potentially first-in-class non-immunomodulatory small molecule, Lucid-MS is being developed to address neurodegeneration and disability progression […]
Investor Brand Network·Aug 31, 2026, 4:09 PM
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RedHill Cashes Out of Talicia: $18M Upfront Deal Hands H. pylori Franchise to Apotex and Funds a GI Reset
RedHill Biopharma (NASDAQ:RDHL) just sold the product that defined its U.S. commercial identity. RedHill announced it divested its remaining 70% stake in Talicia to a subsidiary of newly public Apotex Health (TSX:APTX) for $18 million in cash upfront plus up to $35 million in worldwide net sales milestones. Apotex already owned the other 30% after buying Cumberland’s (NASDAQ:CPIX) U.S. branded business earlier this year. The sale consolidates Talicia under one owner and gives RedHill the liquidity it says it needs to rebuild a larger gastrointestinal franchise.
24-7 Market News·Aug 31, 2026, 12:19 PM
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Innventure Announces Board Leadership Changes to Further Enhance Board Independence and Acceleration of CEO Transition
Bruce Brown Appointed as Chairman of the Innventure Board Catriona Fallon Publicly Named as Audit Committee Chair Dr. William Grieco Assumes CEO and Director Roles Effective September 1, 2026 Announces Ongoing Search for New Chief Financial Officer ORLANDO, Fla., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV) (“Innventure” or the “Company”), an industrial growth conglomerate, today announces the appointment of Lead Independent Director Bruce Brown as independent Chairman of the Board, succeeding Michael Otworth, and the prior appointment of Independent Director Catriona Fallon as Audit Committee Chair. Innventure also announces the assumption by Dr. William Grieco of the Chief Executive Officer and director positions currently held by Bill Haskell, effective September 1, 2026, and the recent commencement of a search for a new Chief Financial Officer. These governance and management changes are part of the Board’s continuing actions to strengthen independent oversight and accountability as Innventure reduces parent-level spending, evaluates funding alternatives, assesses strategic alternatives related to the AeroFlexx business, and sharpens its capital allocation. Mr. Brown has served as Innventure’s Lead Independent Director since November 2025 and was unanimously elected as Board Chairman on August 27, 2026, based on his decades of corporate leadership experience in innovation and technology commercialization, as well as his public company Board experience. He currently serves on the board of Magnera Corporation (NYSE: MAGN) and previously served on the boards of Nokia Corporation (NYSE: NOK) and Medpace Holdings (Nasdaq: MEDP). As Chairman, Mr. Brown will lead the Board’s oversight of the strategic actions announced in the company’s August 19 Board letter, including reductions in parent-level spending, Refinity’s funding transition, the pursuit of strategic alternatives for AeroFlexx and the evaluation of parent-company funding alternatives. The Company’s directors remain focused on refreshing the Board and increasing the percentage of independent directors. Led by the Nominating and Corporate Governance Committee, the Board is pursuing ongoing recruitment efforts that began in early 2026 to identify additional independent directors. In support of plans to bolster Board independence, Suzanne Niemeyer, a member of management who has served on the Company’s Board since October 2024, announced her resignation from the Board effective August 31, 2026. In connection with her resignation, the Board reduced the size of the Board to eight directors. “Innventure remains committed to strong corporate governance practices and values the oversight and diverse perspectives provided by its independent directors, with many Board decisions made solely by independent directors,” said Michael Amalfitano, Chair of the Board’s Nominating and Corporate Governance Committee. Innventure’s current independent directors consist of Michael Amalfitano, Bruce Brown, James O. Donnally, Catriona Fallon and Elizabeth Williams. Each of these individuals serves on one or more of the Board’s standing committees, all of which are comprised entirely of independent directors. Ms. Fallon, who joined the Board in June and is a member of the Company’s Compensation Committee, was appointed Chair of the Audit Committee on August 11, 2026. She brings significant public company financial leadership and governance experience to the position. She previously served as Chief Financial and Administrative Officer of Hitachi Vantara, Chief Financial Officer of Silver Spring Networks and Chief Financial Officer of Marin Software. She also has extensive experience serving on and chairing public company audit committees, including Arlo Technologies Inc (NYSE: ARLO) and Palomar Holdings Inc. (Nasdaq: PLMR), and advising complex public companies on financial reporting, controls and governance matters. “The Board is keenly aware of concerns recently raised by shareholders and understands that trust must and will be earned through disciplined execution and ongoing reporting on the commitments we have made,” said Bruce Brown, Chairman of the Board. “The Company’s immediate priorities include a reduction in parent-level cash requirements, identification of viable funding alternatives aimed at providing the Company with time to advance strategic initiatives while minimizing associated dilution, an assessment of strategic alternatives related to the AeroFlexx business and prudent allocation of capital to the opportunities we believe have the clearest path to value creation. The Board will closely oversee this work and ensure accountability with a clear focus on preserving and increasing shareholder value,” added Mr. Brown. Dr. Grieco’s previously announced succession of Mr. Haskell as Innventure’s Chief Executive Officer, which was originally planned to occur on October 1, 2026, has been accelerated to occur on September 1, 2026. Dr. Grieco will also fill a vacancy created by Mr. Haskell on the Innventure Board effective September 1, 2026. “Bill Grieco brings extensive operating experience and deep technical expertise to the Innventure management team. With his strong focus on operating discipline and execution, he is well equipped to guide Innventure through its next chapter as it seeks to grow and unlock the value of its operating companies,” said Bruce Brown, Chairman of the Board. In connection with further anticipated changes to its organizational structure, Innventure also announces that it has launched a search for a new Chief Financial Officer. This search remains ongoing; the Company will announce a replacement for its existing Chief Financial Officer at the appropriate time. About Innventure Innventure, Inc. (NASDAQ: INV) is an industrial growth conglomerate that commercializes breakthrough technology solutions through its operating companies. By systematically creating and operating industrial enterprises from the ground up, Innventure participates in early-stage economics and provides industrial operating expertise designed for global scale. Innventure’s approach seeks to uniquely bridge the ”Valley of Death" between corporate innovation and commercialization through its distinctive combination of value-driven multinational partnerships, operational experience, and scaling expertise. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often identified by future or conditional words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “will,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current assumptions and expectations of future events that are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in Innventure’s public filings with the U.S. Securities and Exchange Commission, including, but not limited to, the following: Innventure’s and its subsidiaries’ ability to execute on their strategies, book sales and achieve future financial performance; developments and projections relating to Innventure’s and its subsidiaries’ competitors and industry; the implementation, adoption, market acceptance and success of Innventure’s and its subsidiaries’ products, business models and growth strategies; Innventure’s and its subsidiaries’ ability to generate sufficient revenue and operating cash flow; the timing and magnitude of expected cash expenditures; the availability, timing and terms of additional financing, including debt or equity financing; market conditions affecting access to capital; potential dilution resulting from future financings; Innventure’s ability to successfully implement cost reduction initiatives; risks related to recent shareholder litigation; changes in economic conditions; competitive pressures; regulatory developments; and Innventure’s ability to maintain control over its subsidiaries. Forward‑looking statements speak only as of the date of this release, and Innventure undertakes no obligation to update them except as required by law. Investor Relations Contact: Kyle Nagarkar, Solebury Strategic Communications [email protected]  Media Contact: Stephanie Knight, Solebury Strategic Communications [email protected]
GlobeNewswire·Aug 31, 2026, 12:00 PM
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Pasqal and KACST Launch Strategic Quantum Research Collaboration as Pasqal Expands Presence in Saudi Arabia
Agreement to advance post-quantum cryptography underscores Pasqal's growing momentum in the Kingdom, ahead of CEO keynote at LEAP 2026 RIYADH, Saudi Arabia, Aug. 31, 2026 (GLOBE NEWSWIRE) -- King Abdulaziz City for Science and Technology (KACST), represented by the National Center for Quantum Technologies (NCQT), has signed a research collaboration agreement with Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, to advance research and development across multiple domains of advanced quantum technology and enhance quantum cryptography readiness in Saudi Arabia. The agreement was announced during a ceremony held at King Salman Science Oasis in Riyadh during World Quantum Day. The agreement marks the latest milestone in Pasqal's rapidly expanding presence in Saudi Arabia as the company deepens partnerships across the Kingdom's research, government and industrial sectors. The announcement comes as Pasqal CEO Dr. Wasiq Bokhari prepares to deliver a keynote address in Riyadh at LEAP 2026, one of the world's leading technology events, highlighting the company's growing role in supporting Saudi Arabia's ambitions to become a global hub for advanced technologies. Under the agreement, Pasqal's neutral-atom quantum processing technology and cloud services will be paired with KACST's national research infrastructure to develop and validate quantum-safe cryptographic solutions. The work will be carried out at KACST's National Center for Quantum Technologies, with quantum cryptography serving as the first focus area of a broader multi-year research program. As quantum computing capabilities continue to advance globally, organizations across government, financial services and critical infrastructure face increasing pressure to prepare for a post-quantum future. Through the collaboration, KACST and Pasqal expect to develop, test and package quantum-safe cryptographic solutions, with the shared objective of ultimately bringing commercial offerings to the Saudi market. Dr. Talal Al-Sedairy, Senior Vice President for R&D at KACST, said: "This agreement reflects KACST's commitment to building strategic research partnerships with global technology leaders, supporting the development of national capabilities, and translating scientific research in quantum technologies into impactful future applications." Prof. Manahel Thabet, Director of the National Center for Quantum Technologies, said: "This partnership represents an important step toward building an advanced national quantum ecosystem. It enables our researchers to conduct joint research across diverse quantum domains, leveraging world-class infrastructure and international expertise to elevate the Kingdom's research capacity and global standing in this strategic field." The collaboration builds on a period of significant momentum for Pasqal in Saudi Arabia. In May, together with Aramco, Pasqal inaugurated Saudi Arabia's first quantum computer at Aramco's data center in Dhahran, alongside the Middle East's first commercial Quantum Computing-as-a-Service platform. More recently, Pasqal and Eleven Ventures announced plans to establish a joint venture focused on deploying, commercializing and scaling quantum computing systems across Saudi Arabia and the wider MENA region. The company's growing engagement in the Kingdom has also included a recent visit by a senior Saudi ministerial delegation, led by His Excellency Abdullah Alswaha, Minister of Communications and Information Technology, to Pasqal's headquarters and quantum computer production facility in France. Together, these developments underscore Pasqal's expanding contribution to Saudi Arabia's quantum ecosystem, spanning research, infrastructure, industrial applications and workforce development. Dr. Wasiq Bokhari, CEO of Pasqal, said: "This initiative builds on Saudi Arabia's growing investment in quantum technologies and demonstrates Pasqal's continued deep engagement and commitment to the Kingdom regarding the development and utilization of quantum technologies." "Saudi Arabia is demonstrating a remarkable ambition to build the technologies and capabilities that will shape the next generation of computing. For Pasqal, our work in the Kingdom goes well beyond deploying quantum hardware. We want to build long-term partnerships, develop practical applications and contribute to an ecosystem capable of turning quantum computing into real industrial and economic value." As part of that ongoing commitment, Dr. Bokhari will deliver a keynote address today at LEAP 2026, where he will discuss the transition of quantum computing from scientific research toward industrial-scale applications and the growing role quantum technologies can play in supporting economic growth and innovation. The KACST collaboration forms part of broader efforts to strengthen Saudi Arabia's research, development and innovation ecosystem in quantum technologies, expand international scientific collaborations and support the Kingdom's Vision 2030 objectives. Contacts Investors [email protected] Media [email protected] About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal’s production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.
GlobeNewswire·Aug 31, 2026, 12:00 PM
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