Ongoing loan – Ibook Linux http://www.ibooklinux.net/ Tue, 16 Aug 2022 04:23:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.ibooklinux.net/wp-content/uploads/2021/06/ibook-150x150.png Ongoing loan – Ibook Linux http://www.ibooklinux.net/ 32 32 Bank Of Industry Sets Up €1 Billion Loan Guarantee Facility https://www.ibooklinux.net/bank-of-industry-sets-up-e1-billion-loan-guarantee-facility/ Tue, 16 Aug 2022 03:04:51 +0000 https://www.ibooklinux.net/bank-of-industry-sets-up-e1-billion-loan-guarantee-facility/ The Bank of Industry (BoI) has entered into a landmark €1 billion senior secured loan facility to further strengthen its ability to deliver on its mandate. According to the bank, the initial mandated lead arrangers (IMLA) and underwriters for the senior phase of the transaction, led and coordinated by Africa Finance Corporation (AFC) and Standard […]]]>

The Bank of Industry (BoI) has entered into a landmark €1 billion senior secured loan facility to further strengthen its ability to deliver on its mandate.

According to the bank, the initial mandated lead arrangers (IMLA) and underwriters for the senior phase of the transaction, led and coordinated by Africa Finance Corporation (AFC) and Standard Chartered Bank, include Abso Bank Limited (acting through its Corporate and Investment Banking division); First Abu Dhabi Bank PJSC;

FirstRand Bank Limited (London Branch), acting through its Rand Merchant Bank division; Moshreqbonk PSC, Nedbank Limited, London Branch; and SMBC Bank International Plc.

The African Export-Import Bank (Afreximbank) is the Agent Bank.

The bank said: “A syndicate of financial institutions organized by the IMLAs has expressed strong interest in participating in the general phase of the ongoing syndication, and BOI has the option of increasing the size of the facility up to 1 .5 billion euros after general syndication.”
“The deal is quite unique and the first of its kind by a financial institution in Nigeria, both in terms of size and structure.
“The structure of the transaction leverages AFC’s strong investment grade credit rating (rated A3 with a stable outlook by Moody’s) to wrap and enhance BoI credit, thereby benefiting from favorable terms that would not otherwise be not available, particularly on these very volatile markets.The pricing, at 3-month Euribor (floored at zero) + 1.65% per year, results from this innovative structuring.
Commenting on the transaction, the bank’s managing director, Mr. Kayode Pitan, pointed out that “at a time when international capital markets are closed to many borrowers and when capital is prohibitively expensive, thanks to this innovative transaction structure and the AFC guarantee, BOI was not only able to raise cash, but also to diversify its funding sources and attract new lenders.
This is the fifth time that BOI has successfully raised funds in international markets since 2018. With the closing of this transaction, the total funds raised by the bank from 2018 to date exceeds $5 billion.
“The proceeds of this agreement, as in our previous ones, will be used to provide much-needed medium to long-term financing to Nigerian MSMEs and large corporates with bankable transactions at affordable Naira interest rates,” Pitan said.
Between 2015 and 2021, the BoI, with the support of its various stakeholders, disbursed over 1.2 trillion naira to 4,205,920 companies, creating over 9,048,444 million estimated direct and indirect jobs.
The Governor of the Central Bank of Nigeria (CBN) and the CBN Board of Governors supported the BoI by providing full collateral to facilitate the AFC guarantee and 100% currency swap to mitigate currency risk.

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Rent or buy a house? The Dos and Don’ts of Residential Property Investing: Manage Your Money https://www.ibooklinux.net/rent-or-buy-a-house-the-dos-and-donts-of-residential-property-investing-manage-your-money/ Sat, 13 Aug 2022 09:54:32 +0000 https://www.ibooklinux.net/rent-or-buy-a-house-the-dos-and-donts-of-residential-property-investing-manage-your-money/ What’s better – living on rent or buying a house? Is the mortgage a viable option or is it better to accumulate wealth to buy cash? FinancialExpress.com Manage Your Money talked about the pros and cons of both, buyer protection laws, investing in real estate for rental income, among other areas related to investing your […]]]>

What’s better – living on rent or buying a house? Is the mortgage a viable option or is it better to accumulate wealth to buy cash? FinancialExpress.com Manage Your Money talked about the pros and cons of both, buyer protection laws, investing in real estate for rental income, among other areas related to investing your money in residential properties. The Indian mentality is usually around “roti, kapda aur makaan” and this, in a way, acts as a psychological support when it comes to investing in residential property, said Ramesh Ranganathan, CEO of K Raheja Corp Homes, during a keynote at FinancialExpress.com Your Money.

“There are several merits to owning your own home. First, it brings systematic discipline to investing over a period of time. And if invested smartly, the right kind of project also acts as a hedge against inflation. So I strongly believe that owning an asset is something one should start early in their career,” he said.

Watch the full conversation here:

While this is true for most Indians, according to Magicbricks India Rental Housing Update, total rental housing demand (searches) across 13 Indian cities jumped around 15.8% QoQ. (QoQ) and 6.7% year-on-year (YoY), while cumulative rental housing supply (listings) grew 30.7% quarter-over-quarter and 101.5% year-on-year across cities charted, from January to March 2022. “Buying a home is a lifelong commitment and renting gives you a cushion until the time comes when you can make that commitment,” said Amarendra Sahu, co-founder and CEO of NestAway Technologies Pvt Ltd.

Read more: Demand for rental accommodation in Indian cities increased by 15.8% quarter-on-quarter in the first quarter of 2022: report

When is the right time and the right way to invest in residential real estate?

Investing in residential real estate versus renting a home has been an ongoing debate for years, but a list of real estate investing do’s and don’ts seems like the right way to go.

Good investment time

When looking to buy a home, consider one’s “disposable income so it doesn’t become stressful” for buyers. Amarendra Sahu added, “Buying a home is a grounding experience. I would say pace yourself; when you go to buy a house and make sure you have enough cash. However, as Ramesh Ranganathan has argued, the current generation has higher disposable income and is able to invest in real estate much earlier than previous generations did.

The right kind of investment

“From a financial planning perspective, we recommend that IMEs be limited to 30% of your net income. If you opt for 50% or 60%, your other important financial goals are affected. Also, go for 30-40% down payment,” said Mrin Agarwal, Founding Director of Finsafe India Pvt Ltd. In addition to rationalizing this, one must look at the location of the property, the accessibility of the property to basic public amenities, the builder one is buying from, the quality of management of the company, if it is of a heterogeneous society, etc. while making the final investment decision. Also, after the pandemic, buyers started looking for larger spaces and also open green spaces around properties. “The value of space is really appreciated now and also, delivering the experience of the urban forest is the effort that is truly being made by developer communities today,” said Ramesh Ranganathan.

The right way to invest

Once you are clear on the type of investment you want to make, where you want to live, etc., a major check mark to look at is due diligence documentation. “I don’t agree with the mindset that people think it’s safe to invest in a property once the bank has already approved the loan. There are various other factors to consider when buying a house,” said Mrin Agarwal. Moreover, it is also very important to have insurance aligned with your home loan, in case one goes for a loan. “Indians do not are mostly uninsured and they see buying insurance as an extra expense, especially when they buy it for loan purposes,” she added.

Fair expectations of the investment

Once you’ve invested in a property, you need to set the right kind of return expectations. “Don’t expect 25% returns in residential real estate because that’s not happening given rental yields and capital appreciation,” Agarwal said. Adding to the same, Ramesh Ranganathan argued that if one is planning to invest in residential property for rental income, it is wiser to invest in commercial property instead.

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Rani Therapeutics completes $45 million loan deal for https://www.ibooklinux.net/rani-therapeutics-completes-45-million-loan-deal-for/ Mon, 08 Aug 2022 12:30:00 +0000 https://www.ibooklinux.net/rani-therapeutics-completes-45-million-loan-deal-for/ SAN JOSE, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — Rani Therapeutics Holdings, Inc. (“Rani Therapeutics” or “Rani”) (Nasdaq: RANI), a clinical-stage biotherapeutics company focused on the oral delivery of biologics, today announced that it has entered into a loan agreement with Avenue Venture Opportunities Fund, LP (“Avenue”) for up to $45 million in funding. This […]]]>

SAN JOSE, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — Rani Therapeutics Holdings, Inc. (“Rani Therapeutics” or “Rani”) (Nasdaq: RANI), a clinical-stage biotherapeutics company focused on the oral delivery of biologics, today announced that it has entered into a loan agreement with Avenue Venture Opportunities Fund, LP (“Avenue”) for up to $45 million in funding. This funding is expected to support the continued advancement of the RaniPill platform and the ongoing clinical development of the Company’s drug pipeline.

“We are pleased to secure this additional capital, which strengthens our financial position and balances our short-term capital needs to support the continued advancement of the RaniPill platform, including the RaniPill HC (high capacity) device, and the development of our pipeline, extending our cash trail to mid-2024,” said Svai Sanford, CFO of Rani Therapeutics. “Looking ahead to the remainder of the year, Rani plans to announce breakthrough Phase 1 data for RT-102 – the RaniPill capsule containing our proprietary formulation of parathyroid hormone PTH (1-34) for the treatment osteoporosis – as well as to initiate an additional phase 1 clinical study.

Under the loan agreement, Rani will receive $15 million of the initial tranche of $30 million at closing, with the remaining $15 million available to be drawn down at the company’s discretion in the fourth quarter of 2022. Rani has the right to request an additional $15 million in funds in the future if certain conditions and milestones are met. The loan bears interest only over a period of 24 months (extendable to 30 months if certain conditions are met) and the principal is repayable in equal monthly installments over the remaining period of the total term of 48 months. The loan bears interest at a variable rate equal to the greater of (A) prime rate plus 5.6% and (B) 10.35%. Avenue will receive a warrant to purchase common shares of the Company.

Therapeutic Rani

Rani Therapeutics is a clinical-stage biotherapeutics company focused on advancing technologies to enable the development of orally administered biologics. Rani has developed RaniPill capsules, which are a new, proprietary and patented platform technology intended to replace subcutaneous injection or intravenous infusion of biological products with oral administration. Rani has successfully conducted several preclinical and clinical studies to evaluate the safety, tolerability and bioavailability of RaniPill capsules.

For more information, visit http://www.ranitherapeutics.com.

Forward-looking statements

Statements in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding, among other things, the timing of the results of Rani’s Phase 1 trial of RT-102, the planned initiation of an additional Phase 1 trial of another product candidate in the second half of 2022, expected progress with the RaniPill HC platform, Rani’s development and advancement of its RaniPill capsule technology, including RaniPill HC, the advancement of its preclinical and clinical programs and timing of results, Rani’s future capital requirements, Rani’s sufficiency of cash for finance future operations until a specified date, the strength of Rani’s financial position to finance the advancement of its technology platform and the development clinical development of its pipeline, the availability of future funding under the loan agreement with Avenue Capital Group and the growth of Rani as a business. Because these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. Words such as “may”, “expect”, “could”, “anticipate”, “project”, “progress”, “go forward” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Rani’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements due to various risks and uncertainties, which include, but are not limited to, risks and uncertainties associated with Rani’s business generally, the impact of the COVID pandemic -19 and the other risks described in Rani’s filings and periodic reports filed with the Securities and Exchange Commission under “Risk Factors” and elsewhere in such documents and reports, including Rani’s annual report on Form 10-K for the fiscal year ended December 31, 2021 and subsequent filings and quarterly reports by Rani. All forward-looking statements contained in this press release speak only as of the date they were made and are based on management’s assumptions and estimates as of that date. Rani undertakes no obligation to update these statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Investor contacts:

investors@ranitherapeutics.com

Media Contact:

media@ranitherapeutics.com

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The SMU Meadows Museum in Dallas features exhibits from around the world. – NBC 5 Dallas-Fort Worth https://www.ibooklinux.net/the-smu-meadows-museum-in-dallas-features-exhibits-from-around-the-world-nbc-5-dallas-fort-worth/ Sat, 06 Aug 2022 19:08:01 +0000 https://www.ibooklinux.net/the-smu-meadows-museum-in-dallas-features-exhibits-from-around-the-world-nbc-5-dallas-fort-worth/ In its 2022-2023 season, Southern Methodist University’s Meadows Museum is bringing the world to Dallas. Four exhibitions will present world treasures, focusing on portraiture, holy women in Spain, a side-by-side exhibition of works by Salvador Dali and Johannes Vermeer, and major works of Spanish abstraction from the 1960s to 1980s. exhibition combines loans from around […]]]>

In its 2022-2023 season, Southern Methodist University’s Meadows Museum is bringing the world to Dallas.

Four exhibitions will present world treasures, focusing on portraiture, holy women in Spain, a side-by-side exhibition of works by Salvador Dali and Johannes Vermeer, and major works of Spanish abstraction from the 1960s to 1980s. exhibition combines loans from around the world with works from the museum’s collection. The season starts with Masterpiece in Residence: Velázquez King Philip IV of Spain from the Frick Collection in September.

“We look forward to this extraordinary program of international exhibitions on loan and the opportunity to see masterpieces by Velázquez, Dalí, Vermeer, as well as Tàpies, Saura, and many others as part of the collection. of Spanish art from the Meadows Museum. During the 2022-2023 exhibition season, visitors are invited to appreciate art of the highest caliber from a range of chronological periods in a new light,” said the director of the museum. acting and curator, Amanda W. Dotseth. “Each exhibit brings something never seen before to North Texas and visitors to the Meadows Museum.”

See the full exhibition program below:

Masterpiece in Residence: Velázquez King Philip IV of Spain from the Frick collection

From September 18, 2022 to January 15, 2023

The portrait King Philip IV of Spain (1644), by Spanish court painter Diego Rodríguez de Silva y Velázquez, will travel from the Frick Collection in New York to the Meadows Museum as part of the Meadows’ ongoing Masterpiece in Residence loan program, featuring some of the most important works of Spanish art in American collections.

Beginning September 18, 2022, the portrait will be on display along with the three Meadows Museum paintings by this influential artist. The Meadows bust Portrait of King Philip IV (c. 1623–1624), probably Velázquez’s first portrait of his king and patron, will be joined by the 1644 portrait of The Frick, which is considered one of the most important Spanish paintings in an American collection.

Michael Bodycomb

Diego Rodríguez de Silva y Velázquez (Spanish, 1599-1660), King Philip IV of Spain, 1644. Oil on canvas, 51 1/8 × 39 1/8 in. (129.9 × 99.4cm). The Frick Collection, New York. Photo by Michael Bodycomb.

The differences in execution between the two portraits painted just over two decades apart highlight the evolution of Velázquez’s technique and his mastery of a looser, more fluid brushstroke, which demonstrates the impact of his study of the Venetian masters, both in the Spanish royal collections and in Italy. , because he has developed a style of his own. that of the meadows Portrait of Queen Mariana (circa 1656) and Female Figure (Sibyl with Tabula Rasa) (c. 1648), offer further evidence of his artistic growth during his career and will be installed in the same gallery as the two portraits of the king.

This exhibition was organized by the Meadows Museum and is funded by a generous donation from the Meadows Foundation.

Representation of holy women in the Spanish Empire, 1620-1800

From September 18, 2022 to January 15, 2023

Representation of holy women in the Spanish Empire, 1620-1800 will be the first exhibition organized by the Meadows Museum to explore the important and varied roles that female biblical figures, saints and monks played in early modern Spain and its empire. The exhibition draws on images of influential holy women to explore the complex history of how the Catholic Church and the Spanish monarchy sought to control the movement of women in public and ultimately separate them from the world. outside.

Meadows Museum Holy Women

Courtesy of Bridwell Library Special Collections, SMU, Dallas, Texas.

Clemens Puche (Spanish, active 1699–1728), Engraving in Rosa de Lima at Vida de Sta. Rosa de Santa Maria, Natvral de Lima, y ​​Patrona del Peru, (Madrid: Juan Garcia Infanc̜on, 1711.) Open book 11 3/4 x 8 1/4 in. (29.8 x 21cm). Bridwell Library Special Collections, SMU, Dallas, Texas. Bridwell Library Special Collections, SMU, Dallas, Texas. Photo courtesy of Bridwell Library Special Collections, SMU, Dallas, Texas.

Drawings, prints and rare books offer insight into the particular role of images in promoting idealized models of female piety while revealing that, despite the patriarchal society in which they lived, some women became active spiritual leaders, authors and patrons. Visual representations of the Virgin Mary, Mary Magdalene, Saint Teresa of Ávila and Saint Rose of Lima, among others, will be presented.

Largely drawn from the collection of SMU’s Bridwell Library, the exhibition is curated by Miranda Saylor, curator member of the Center for Spain in America (CSA) at the Meadows Museum. Highlights include an extraordinary engraving depicting the preaching of Saint Teresa (1679), a frontispiece depicting the Mexican nun Sor Sebastiana Josefa de la Santísima Trinidad (1765), and a rare 18th-century pictorial manuscript commissioned for the Convent of Santa Clara in Palma de Mallorca (circa 1780-1800). These will be joined by works from the Meadows Collection, as well as loans from SMU’s DeGolyer Library and a private collection.

This exhibition was organized by the Meadows Museum and is funded by a generous donation from the Meadows Foundation.

Dalí/Vermeer: ​​a dialogue

From October 16, 2022 to January 15, 2023

Spanish surrealist artist Salvador Dalí’s appreciation for 17th-century Dutch master Johannes Vermeer will be explored in the exhibition Dalí/Vermeer: ​​a dialogueopening on October 16, 2022. In 2016, the Meadows exhibition catalog Dalí: Poetics of the little one, 1929-1936 new light on Dalí’s long obsession with the work of Vermeer.

This new exhibition brings together two paintings for the first time: Vermeer Woman reading a letter (circa 1663), from the Rijksmuseum in the Netherlands, and Dalí The picture disappears (1938), his surreal transformation of Vermeer’s composition, from the Fundacio Gala-Salvador Dali, Figueres, Spain, which exhibited the painting at the Teatro-Museo Dalí. Through a side-by-side display of the two paintings, this focused exhibition offers the extraordinarily rare opportunity to see the work of these two artists together and trace how Dalí infused his own unique artistic vision with borrowed themes and techniques. to the Dutch painter. . A selection of Dalí prints from the Meadows Museum’s permanent collection will also be on display in the galleries.

This exhibition was organized by the Meadows Museum and is funded by a generous donation from the Meadows Foundation.

Vermeer Prairie Museum

Rijksmuseum, Amsterdam

Johannes Vermeer (Dutch, 1632-1675), Woman in Blue Reading a Letter, c. 1663. Oil on canvas, 18 1/4 x 15 3/8 in. (46.5 x 39cm). Rijksmuseum, Amsterdam. On loan from the city of Amsterdam (legacy A. van der Hoop), SK-C-251.

In the shadow of the dictatorship: Creation of the Museum of Spanish Abstract Art

From February 26 to June 18, 2023

In spring 2023, the Meadows Museum will host a comprehensive selection of Spanish abstract paintings and sculptures by world-renowned artists, including Eduardo Chillida, Antonio Saura and Antoni Tàpies, alongside twenty-nine of their Spanish contemporaries active in the 1960s and 1970, such as Luis Feito, Sarah Grilo and José Guerrero.

The exhibition, traveling from the collection of the Museo de Arte Abstracto Español while its building is being renovated, will make its only stop in the United States in Dallas. Curated by Clarisse Fava-Piz, Mellon Curatorial Fellow of Meadows, the exhibition will feature over forty works of art by more than thirty artists in an unprecedented United States exhibition of the collection of the Museo de Arte Abstracto Español. For many works, this exhibition represents their first outing from their homes in Cuenca, Spain, and their debut in the United States.

The collection showcases the great diversity of Spanish abstraction, from informalism to geometric abstract art, the history of which will be explored in the accompanying catalog. Other topics covered will be the creation of the Museo de Arte Abstracto Español in Cuenca under the Franco dictatorship; the journey of its eccentric founder, artist and collector Fernando Zóbel; the development of Spanish abstract art both in Fascist Spain and in the international context of the Cold War; and the Strategic Exhibition of Spanish Abstraction in the United States, 1950-1975.

This exhibition was organized by the Meadows Museum and the Fundación Juan March, and is funded by a generous donation from the Meadows Foundation.

Learn more: meadow museum

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MeiraGTx Announces Financing Agreement with Perceptive https://www.ibooklinux.net/meiragtx-announces-financing-agreement-with-perceptive/ Wed, 03 Aug 2022 12:00:00 +0000 https://www.ibooklinux.net/meiragtx-announces-financing-agreement-with-perceptive/ – The credit facility is secured by MeiraGTx’s wholly owned manufacturing facilities in London, UK and Shannon, Ireland – $75 million at closing strengthens balance sheet and extends track to Q4 2024 LONDON and NEW YORK, Aug. 03, 2022 (GLOBE NEWSWIRE) — MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated clinical-stage gene therapy company, today […]]]>

– The credit facility is secured by MeiraGTx’s wholly owned manufacturing facilities in London, UK and Shannon, Ireland

– $75 million at closing strengthens balance sheet and extends track to Q4 2024

LONDON and NEW YORK, Aug. 03, 2022 (GLOBE NEWSWIRE) — MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated clinical-stage gene therapy company, today announced a term loan agreement with subsidiaries of Perceptive Advisors for up to $100 million, including $75 million at closing.

“Access to this minimally dilutive capital secured by our manufacturing facilities extends our cash trail to the fourth quarter of 2024 and highlights the value of the infrastructure we have built,” said Alexandria Forbes, Ph. D., President and CEO of MeiraGTx. . “In this market environment where the cost of equity remains high, our 100% owned manufacturing facilities allow us to fund the Company through the achievement of important milestones such as the advancement of our Lumeos Phase 3 clinical trial. of botaretigene sparoparvovec (AAV-RPGR) for the treatment of X-linked retinitis pigmentosa at the BLA depot, which is fully funded by our partner Janssen,” continued Dr. Forbes. “Importantly, the agreement also allows us to fully retain the significant value we create through our pipeline programs and all of our genetic medicine technology platforms.”

Under the term loan agreement, the Company received $75 million at closing and may request an additional $25 million during the first two years of the term under the same conditions and guarantees, subject to the lender’s approval. The credit facility is interest only for 4 years, with a maturity date of August 2, 2026, when principal will be due. The interest rate is 10% greater of the greater of 1% or a one-month CME term SOFR. In connection with the closing, the Company issued Perceptive warrants exercisable into 400,000 common shares of the Company with an exercise price per share of $15.00 (a 92% premium to the closing price of the share on the date of the transaction) and additional warrants exercisable into 300,000 common shares shares of the Company at an exercise price per share of $20.00 (a premium of 156% over the closing date of the action on the date of the transaction).

MeiraGTx intends to use the product for the continued development of its clinical-stage product candidates, preclinical programs and technology platforms, and for other general corporate purposes.

“MeiraGTx has an incredible wealth of assets, including what we consider to be industry-leading manufacturing and process development capabilities and infrastructure,” said Sam Chawla, Credit Funds Portfolio Manager. of Perceptive. “We are excited to continue our partnership with MeiraGTx as they advance their late-stage clinical programs and gene regulation technologies.”

About Meira GTx

MeiraGTx (Nasdaq: MGTX) is a vertically integrated, clinical-stage gene therapy company with six programs in clinical development and a broad portfolio of preclinical and research programs. MeiraGTx has core capabilities in viral vector design and optimization and gene therapy manufacturing, as well as a transformative gene regulatory platform technology that enables precise, dose-responsive control of expression gene by small oral molecules with a dynamic range that can exceed 5000 times. Led by an experienced management team, MeiraGTx has taken a portfolio approach in licensing, acquiring and developing technologies that provide depth to both product candidates and indications. MeiraGTx initially focuses on three distinct areas of unmet medical need: eye diseases, including hereditary retinal diseases as well as major degenerative eye diseases, neurodegenerative diseases and severe forms of xerostomia. Although initially focusing on the eye, central nervous system and salivary glands, MeiraGTx plans to expand its focus to develop additional gene therapy treatments for patients suffering from various serious diseases.

For more information, visit www.meiragtx.com

Forward-looking statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not relate to historical facts should be considered forward-looking statements, including, without limitation, statements regarding the development of our product candidate, the intended use of the proceeds of the borrowings under the term loan agreement, our ability to access the full $100 million potentially available under of the Term Loan Agreement and our ability to fund operations through the fourth quarter of 2024, including in light of the COVID-19 pandemic, as well as statements that include the words “expect ‘, ‘will’, ‘intend’, ‘plan’, ‘believe’, ‘project’, ‘anticipate’, ‘estimate’, ‘could’, ‘could’, ‘should’, ‘should’, “continue”, “antici per” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are not promises or guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from future results, performance or achievements. expressed or implied by the forward-looking statements. , including, but not limited to, our occurrence of material losses; any inability to achieve or maintain profitability, raise additional capital, identify and develop additional product candidates, successfully execute strategic priorities, commercialize product candidates, expand our manufacturing facilities and processes, to successfully enroll patients and complete clinical trials, accurately forecast growth assumptions, recognize the benefits of any orphan drug designation, retain key personnel or attract qualified employees, or incur anticipated levels of operation; the impact of the COVID-19 pandemic on the status, recruitment, timing and results of our clinical trials and on our business, results of operations and financial condition; the inability of early data to predict potential outcomes; failure to obtain FDA or other regulatory approval for product candidates on a timely basis or at all; the novel nature and impact of negative public opinion on gene therapy; non-compliance with current regulatory obligations; contamination or shortage of raw materials or other manufacturing problems; changes in health care laws; risks associated with our international operations; significant competition in the pharmaceutical and biotechnology industries; dependence on third parties; intellectual property risks; changes in tax policy or treatment; our ability to utilize our loss carryforwards and tax credits; litigation risks; and other important factors discussed under “Risk Factors” in our most recent quarterly report on Form 10-Q or annual report on Form 10-K or subsequent 8-K reports, as filed with the Securities and Exchange Commission. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements represent management’s estimates as of the date of this press release. Although we may choose to update these forward-looking statements at some time in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events change our views. Thus, it should not be assumed that our silence over time means that actual events will materialize, as expressed or implied in these forward-looking statements. These forward-looking statements should not be taken to represent our views as of any date subsequent to the date of this press release.

contacts

Investors:
Meira GTx
Investors@meiragtx.com

Media:
Jason Braco, Ph.D.
LifeSci Communications
jbraco@lifescicomms.com

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Everton in talks to land Billy Gilmour https://www.ibooklinux.net/everton-in-talks-to-land-billy-gilmour/ Sat, 30 Jul 2022 19:02:23 +0000 https://www.ibooklinux.net/everton-in-talks-to-land-billy-gilmour/ Everton are reportedly in talks with Chelsea to sign 21-year-old Scottish midfielder Billy Gilmour on loan this summer. According to a report by 90 minutes, Everton boss Frank Lampard is a big fan of Chelsea midfielder Billy Gilmour and is keen to loan him to Goodison Park this summer. The Toffees are in talks with […]]]>

Everton are reportedly in talks with Chelsea to sign 21-year-old Scottish midfielder Billy Gilmour on loan this summer.

According to a report by 90 minutes, Everton boss Frank Lampard is a big fan of Chelsea midfielder Billy Gilmour and is keen to loan him to Goodison Park this summer. The Toffees are in talks with the Blues for the 21-year-old midfielder and a few other Chelsea players as well.

Gilmour joined the Chelsea youth team in the 2017 summer transfer window from Rangers and has so far made 22 senior appearances for the west London club. To continue his development, the Scotland international was sent on a season-long loan to Norwich City last year, and he was quite impressive.

He made 28 appearances for the Canaries in all competitions but couldn’t help them stay afloat in the Premier League. Gilmour is back at Chelsea, but the Blues look stacked in the midfield department, and unless one of Jorginho and N’Golo Kante leaves this summer, the situation will remain the same.

Gilmour is keen to play regularly next summer and wants to get a loan away from Chelsea for the same. Everton have emerged as favorites and the player is said to be eager to play under Frank Lampard. The youngster looks set for a loan exit from Chelsea, provided the ongoing talks between the two clubs progress well.

Embed from Getty Images

Gilmour isn’t the only player Lampard could sign from his former club. The report claims midfielder Ross Barkley is also on the Toffees’ radar and talks are at an advanced stage between Everton and Chelsea. The England international has failed to carve out a starting spot at Stamford Bridge and is set to leave Chelsea this summer.

Belgian striker Michy Batshuayi is another player on Everton’s transfer wishlist, and talks are ongoing between Chelsea and the Toffees. Like Barkley, Batshuayi has struggled to impress on a regular basis and has just one year left on his contract with the Blues.

Chelsea centre-forward Armando Broja has also reportedly been on Everton’s radar, but his price tag has put them off. It will be interesting to see if Everton and Chelsea continue talks over Gilmour and other players and if Lampard can use his connections to sign his desired goals.

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LIC Home Loan Review Griha Suvidha – Advisor Forbes INDIA https://www.ibooklinux.net/lic-home-loan-review-griha-suvidha-advisor-forbes-india/ Fri, 29 Jul 2022 03:56:38 +0000 https://www.ibooklinux.net/lic-home-loan-review-griha-suvidha-advisor-forbes-india/ Eligibility for employees: Current age and remaining working years: The age of the applicant plays a major role in determining eligibility for the home loan. The maximum term of the loan is 30 years. Age limit for various types of income: Loan seekers receiving part of their salary in cash: The loan conditions cannot exceed […]]]>

Eligibility for employees:

Current age and remaining working years: The age of the applicant plays a major role in determining eligibility for the home loan. The maximum term of the loan is 30 years.

Age limit for various types of income:

Loan seekers receiving part of their salary in cash: The loan conditions cannot exceed the retirement age.

Employees without a pension: It can be extended for another 10 years after retirement. For example, if the retirement age is 60, the closing age will be 70.

Self employed: It should be closed at the age of 75.

Minimum income:

  • The minimum income must be INR 30,000 for a borrower
  • For more than one person receiving cash salary, the total should be INR 40,000.

Maximum loan duration: 30 years.

Financial situation: An individual’s current income and income prospects are of great importance when sanctioning a loan.

Past and present credit history and credit score: Another important thing to consider when granting a loan is a person’s credit score.

Other financial obligations: Outstanding loans, such as car loan, credit card debt, etc., are all taken into consideration.

Repayment: EMIs can be debited from the borrower’s savings account.

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White House confirms Biden will decide on student loan forgiveness and student loan payment suspension by August https://www.ibooklinux.net/white-house-confirms-biden-will-decide-on-student-loan-forgiveness-and-student-loan-payment-suspension-by-august/ Wed, 27 Jul 2022 12:30:00 +0000 https://www.ibooklinux.net/white-house-confirms-biden-will-decide-on-student-loan-forgiveness-and-student-loan-payment-suspension-by-august/ President Joe Biden (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images There are good news for student borrowers who are waiting for a response on student loan cancellation and student loan payment pause. Here’s what you need to know — and what it means for your student loans. Student loans The White […]]]>

There are good news for student borrowers who are waiting for a response on student loan cancellation and student loan payment pause.

Here’s what you need to know — and what it means for your student loans.

Student loans

The White House confirmed on Tuesday that President Joe Biden will be decide whether to adopt large-scale student loan forgiveness and extend the student loan payment pause. The student loan payment break is set to expire Aug. 31, 2022, but the White House has not confirmed a specific date when Biden will decide. Federal student loan repayments have been on hold since March 2022, when Congress passed the Cares Act, which included historic student loan relief. President Donald Trump and Biden have extended the student loan moratorium six times through executive action. “He will make a decision,” White House press secretary Karine Jean-Pierre said, referring to Biden. “I’ll let him talk.”


Biden confirms decision on student loan forgiveness

Biden said he will decide whether to cancel the student loan by August 31, when the student loan payment break expires. Therefore, Biden linked the timing of his decision on student loan forgiveness and the student loan payment pause, even though they are separate policies. Biden has three major decisions on student loans — and three important deadlines. This includes finality of large-scale student loan cancellation, student loan payment pause, and limited student loan cancellation waiver. US Education Secretary Miguel Cardona has said Biden could extend the student loan payment break, as Biden has done four times before. As reported on Monday, the Department of Education has instructed student loan servicers not to send student loan borrowers their student loan bill now. That suggests Biden may be on the verge of announcing an extension to the student loan payment pause for federal student loans. Republicans in Congress have expressed concern that Biden has forgiven $400 billion in student loans. They have warned policy makers that the Department of Education is not ready for the cancellation of student loans.


Student loan forgiveness: Aggressive student loan forgiveness, but mom on broad student loan relief

Biden has actively pursued targeted student loan cancellation, but he has been relatively silent on large-scale student loan relief. For example, Biden has forgiven over $25 billion in student loans. This student loan relief includes $6 billion in recently canceled student loans through borrower defense until repayment. However, despite continued efforts by Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) to forgive $50,000 in student loans, Biden has been reluctant to commit to any extensive student loan waiver. Republicans have argued that large-scale student loan relief benefits wealthier student borrowers and will increase inflation. While the White House says Biden hasn’t decided how to proceed, it’s clear a decision is coming. Don’t guess how Biden will decide. Your best strategy is to prepare for the restart of student loan repayments and not to expect a large cancellation of student loans. While Biden may provide more relief, student loan forgiveness may be limited in scope, and any extension of the student loan payment pause will likely be temporary. Here are some of the best ways to save money and pay off student loans faster:


Student Loans: Related Reading

Cancellation of student loans: Congress proposes 0% interest rates for student loans

Student loans: red, white and blue

Senators propose major changes to student loan forgiveness

Department of Education cancels $6 billion in student loans

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How Loan Apps Fool Borrowers – and How Microfinance Can Help https://www.ibooklinux.net/how-loan-apps-fool-borrowers-and-how-microfinance-can-help/ Sat, 23 Jul 2022 19:32:24 +0000 https://www.ibooklinux.net/how-loan-apps-fool-borrowers-and-how-microfinance-can-help/ The Sunday Mail Lincoln Towindo and Irene David-Arinze THE Covid-19 pandemic has decimated highly vulnerable African economies that were already on a lifeline. Jobs have been lost and incomes have been affected due to the resulting closures. Restrictions on movement and face-to-face interactions have accelerated the pace of digitalization of financial services and the infiltration […]]]>

The Sunday Mail

Lincoln Towindo and Irene David-Arinze

THE Covid-19 pandemic has decimated highly vulnerable African economies that were already on a lifeline.

Jobs have been lost and incomes have been affected due to the resulting closures.

Restrictions on movement and face-to-face interactions have accelerated the pace of digitalization of financial services and the infiltration of some unregulated and unscrupulous financial services operators.

In a bid to survive, some vulnerable people got trapped in the web of fraudulent loan applications (apps) hosted on Google Play Store.

These predatory lending apps are disguised as platforms where one can access quick loans with no collateral except providing a Bank Verification Number (BVN), authorization request image, contacts and files on their device.

Victims are expected to repay the loans at astronomical interest rates within three to seven days, compared to 91 to 365 days claimed on Google Play Store.

This is contrary to the Google Play store as updated in August 2019.

The policy reads as follows:

“We don’t allow apps that promote personal loans that require full repayment in 60 days or less from the date the loan was issued.”

Some of these lending apps operate without regulation by governments, are on expired licenses, and in some cases completely unlicensed.

Further investigation shows that Google Play Store has 83.07% market share in Nigeria, 84.61% market share in Zimbabwe and 90.63% market share in Kenya.

Pearl Folasade from Nigeria, who was completely frustrated that despite settling her debt, the loan app she was using – “Kash Kash” – did not release her, hence she racked up late repayment fines .

She showed us a series of threatening messages she had received from the company.

We assessed registration documents from three of these loan applications and documents retrieved from the Corporate Affairs Commission (CAC) in Nigeria, which showed that the founding directors were Chinese nationals.

Although Nigeria does not discriminate against foreign nationals doing business in the country, the business must be legal and licensed.

However, these companies were not licensed and operated illegally in the country.

We reviewed Kash Kash’s operations and found some red flags.

We interviewed a source at Zenith Bank, a commercial bank in Nigeria where Kash Kash hosted its operating account as Super Car Universal Limited, about lending app activities such as sky-high interest rates they collected from customers and the defamatory messages sent. to contacts of their customers when they have missed their repayment dates.

After our investigations, the bank conducted an internal investigation and it was discovered that the account holder did not have the required license to operate as a money lender, according to the source who spoke under cover of anonymity.

This led to Zenith Bank closing the first account, but their operations were transferred to another account named Speedy Choice, which is still operational and managed by the same people who managed the previous account.

Emails sent to Kash Kash explaining the interest rate formula went unanswered.

We spoke with a former debt collector who declined to be identified.

He said the loan company he worked for, LCredit, had a similar business model to Kash Kash and operated under the company name CAC – Cashigo, and disbursed loans to customers without collateral, with defaulters receiving threatening messages.

These customers rarely read these policies out of desperation and are unable to meet the payment date.

He said the loan app (LCredit) tested the idea of ​​sending threatening messages as a way to collect loan repayment and it worked, which is why it was adopted by the organization.

He said he disagreed with the unethical practice of sending such messages to debtors.

We reached out to one of the people listed as a registrant on the company’s registration document, Kelechi Obi, who declined to comment as he simply replied via email saying:

“I haven’t had any dealings with them since the company was set up. I don’t know where they are.

The Chief Executive of the Federal Competition and Consumer Protection Commission in Nigeria (FCCPC), Babatunde Irukera, said he has taken steps to regulate lending apps:

“We have investigated and closed six major ones and are now looking for the smaller ones.

“We are working with the Central Bank of Nigeria and other stakeholders to develop guidelines on how they do business and also guiding them on how to calculate interest and what kind of information they can upload to consumers.

“Money lenders are an important part of society. We don’t send them back; we are trying to regulate.

In Nigeria, short-term borrowing through registered channels such as microfinance banks is restricted to those with a stable income, resulting in a wave of loan seekers patronizing these loan sharks in a country.

Lending apps and other fintech products can be used for money laundering and other forms of illicit financial flows (IFF).

According to the United Nations Conference on Trade and Development (UNCTAD) Economic Development in Africa Report 2020, Africa loses an estimated $88.6 billion a year in IFFs.

Lessons from Zimbabwe

While loan applications such as those in Nigeria are commonplace in some African countries like Kenya, there are a few in Zimbabwe.

One of these operators sends text messages on WhatsApp offering “instant” loans.

“We consider the following items: cars, machinery, televisions, refrigerators, freezers and generators as collateral.

“We have secure parking and storage for assets,” reads one of their advertisements, before promising “the best bridge financing deal.”

Patience Murai, from Bulawayo, Zimbabwe’s second capital, a civil servant, used the platform to supplement her income in 2021.

Loans offered ranged from ZWL$1,000, with an unlimited maximum amount (determined by creditworthiness).

“The loan was a godsend,” she said.

His small side business of selling skincare products to colleagues at his formal work no longer brought him extra income, after government offices were partially closed due to the pandemic.

“Repaying the loan was something else, I hadn’t realized that these short-term loans are exorbitant.”

After she missed her original repayment deadline, the lender threatened to confiscate her television, which she had offered as collateral.

She had to borrow from a friend to avoid the confiscation of her property.

Patience’s case does not seem to be as common in Zimbabwe as in Nigeria.

However, we discovered that measures have been put in place by the Zimbabwean government and regulators to prevent the penetration of these unregulated lending apps.

Over time, Zimbabwe has seen an increase in non-bank mobile money providers, which are largely operated by mobile network operators (MNOs).

These include Kashagi, which is owned by Zimbabwe’s largest MNO – Econet Wireless Zimbabwe Ltd.

Informed by this growth, the government amended the Microfinance Act in 2019 to allow only two categories of microfinance instruments, namely deposits and credit only.

The authorities have reinforced the regulation of this sector to curb the emergence of predatory operators.

According to the Minister of Information and Communication Technology, Posts and Courier Services, Dr Jenfan Muswere, to protect the integrity of the system, mobile money system operators are required to partner with established financial institutions.

He said the Reserve Bank of Zimbabwe (RBZ) monitors the cash balances of MNOs and financial institutions in real time.

“Banking institutions, in turn, are required to obtain regulatory approval before introducing mobile financial services.

“The Reserve Bank subjects mobile financial services to ongoing monitoring through on-site inspections and off-site reviews which have proven to be very effective.”

In 2019, the RBZ established the National FinTech Steering Committee to provide strategic policy direction that fosters fintech innovation and entrepreneurship.

The committee was also charged with assessing the “risks, challenges and opportunities arising from the digitization and use of fintech.”

According to a Harare-based banker, Mr. Tawanda Kaminza:

“Poor regulation of microlenders poses a huge risk to the industry. When poorly regulated, the sector faces risks such as the licensing of predatory lenders, including criminals involved in illicit financial flows.

As of December 2021, 168 credit-only microfinance institutions were registered with the RBZ.

Nigeria has over 850 licensed microfinance banks.

Judith Onyishi, managing director of Peace Micro Finance Bank, said MFBs are heavily regulated by the central bank.

“Initially, MFBs were not allowed to ask for collateral before making loans due to bad debts, but now they are forced to ask for collateral,” she said.

“Most of our clients are retirees.”

According to Onyishi, loan applications can work closely with MFBs so that they perform due diligence and credit checks on loan applicants, while applications disburse loans and a sharing plan profit is achieved.

Professor Albert Makochekanwa, a lecturer in the economics department at the University of Zimbabwe, said properly regulated microfinance institutions are crucial.

“Microfinance institutions help vulnerable people in society who cannot provide collateral for bank loans,” he said.

“Furthermore, duly registered microfinance institutions operate legally against loan sharks.

“This means they can be regulated, which reduces the risk of scams for borrowers.”

*This story was produced by The Sunday Mail in conjunction with The Cable. It was written as part of Wealth of Nations, a media skills development program run by the Thomson Reuters Foundation. More information at www.wealth-of-nations.org. The content is the sole responsibility of the author and publisher.

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Former Georgia Senator David Perdue says he hates politics and doesn’t ‘think highly of most politicians’ https://www.ibooklinux.net/former-georgia-senator-david-perdue-says-he-hates-politics-and-doesnt-think-highly-of-most-politicians/ Tue, 19 Jul 2022 20:17:57 +0000 https://www.ibooklinux.net/former-georgia-senator-david-perdue-says-he-hates-politics-and-doesnt-think-highly-of-most-politicians/ Former Georgia Senator David Perdue said in a recent interview that he hated politics and didn’t “think highly of most politicians”, just weeks after suffering a loss to Governor Brian Kemp in the Republican gubernatorial primary. During a podcast appearance On “The Ben Burnett Show” featuring host Ben Burnett, the former lawmaker and former CEO […]]]>

Former Georgia Senator David Perdue said in a recent interview that he hated politics and didn’t “think highly of most politicians”, just weeks after suffering a loss to Governor Brian Kemp in the Republican gubernatorial primary.

During a podcast appearance On “The Ben Burnett Show” featuring host Ben Burnett, the former lawmaker and former CEO of Dollar General was asked how his background in international business led him to run for public office.

“It was a humbling opportunity. The most humbling challenge or job I’ve had in my career was being a United States Senator, because it was about the people of Georgia,” Perdue said.

“What I learned in business is to listen to people,” he continued.

Perdue then remarked that he was not naturally drawn to politics.

“I hate politics. I hated it before, I hate it now. I don’t have a high opinion of most politicians. I don’t. I don’t,” he said. declared.

“There are certainly men and women who are doing this for the good of the country, the good of the people,” Perdue added. “But there are also many who do it for their own benefit.”

Perdue said he was “forced” into politics in 2013 because of his opposition to then-President Barack Obama’s economic policies.

“I went to my cousin’s,” Perdue told Burnett of former Georgia Gov. Sonny Perdue. “I went to other business people. I went to people I respect and said, ‘You have to show up…someone has to show up for the Senate. “”

He continued: “A couple of them came up to me and said, ‘You have to think about doing it yourself. “”

After initially doubting he could win, Perdue said he prayed for the decision with his family and then decided to enter the race.

In the 2014 Republican Senate primary, Perdue edged out the then-Rep. Jack Kingston by a margin of 51% to 49% and defeated Democratic candidate Michelle Nunn by 8 percentage points, 53% to 45%, in the general election.

After Donald Trump was elected president in 2016, Perdue became a staunch legislative ally of the White House.

However, during Perdue’s tenure, Georgia transitioned from a red state to a much more politically competitive state for Democrats.

In November 2020, Perdue emerged victorious over his opponent, Democratic candidate Jon Ossoff, but he received 49.7% of the vote just slightly below the majority needed to win the election and avoid a runoff.

In the January 2021 second round, Perdue would continue to to lose in Osoff.

In December 2021, Lost Between the GOP governor’s primary against incumbent Governor Brian Kemp with the backing of Trump, who was furious that Kemp and Secretary of State Brad Raffensperger refused to help overturn Biden’s 2020 election victory in Georgia.

Ahead of the May primary, Perdue repeatedly questioned the integrity of the 2020 election, while Kemp ran on his gubernatorial record and ultimately won this confrontation by an unbalanced margin of 72% to 23.5%.

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