ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Y-mAbs Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – YMAB

NEW YORK, March 04, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Y-mAbs Therapeutics, Inc. (NASDAQ: YMAB) between October 6, 2020 and October 28, 2022, both dates inclusive (the “Class Period”), of the important March 20, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Y-mAbs securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Y-mAbs class action, go to https://rosenlegal.com/submit-form/?case_id=9496 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 20, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the Complaint, the Company made false and misleading statements to the market. Y-mAbs repeatedly misled investors about its meetings with the FDA, claiming that it was making progress in demonstrating the effectiveness and efficacy of its drug candidate, omburtamab. What was unknown to investors was that the FDA had repeatedly advised Y-mAbs that the treatment of effect of omburtamab cannot be objectively established or quantified based on a comparison between Study 03-133 and an external cohort comprised of data from the Central German Childhood Cancer Registry (CGCCR) database because of substantial differences in the patient populations, and the absence of tumor response data, and that Study 101 was neither sufficiently advanced nor indicative of efficacy to justify approval. Further, Y-mAbs failed to advise investors that it had elected to submit the March 31, 2022 BLA prior to reaching agreement with the FDA on the content of the application. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Y-mAbs, investors suffered damages.

To join the Y-mAbs class action, go to https://rosenlegal.com/submit-form/?case_id=9496 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8781499

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Caribou Biosciences, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CRBU

NEW YORK, March 04, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the stock of Caribou Biosciences, Inc. (NASDAQ: CRBU): (i) pursuant and/or traceable to the offering documents and related prospectus issued in connection with the Company’s 2021 initial public offering conducted on or about July 23, 2021 (the “IPO” or “Offering”); and/or (ii) between July 23, 2021 and December 9, 2022, both dates inclusive (the “Class Period”), of the important April 11, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Caribou securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Caribou class action, go to https://rosenlegal.com/submit-form/?case_id=11988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 11, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Also according to the lawsuit, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) CB-010’s treatment effect was not as durable as defendants had led investors to believe; (2) accordingly, CB-010’s clinical and commercial prospects were overstated; and (3) as a result, the Offering Documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Caribou class action, go to https://rosenlegal.com/submit-form/?case_id=11988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8781524

Egypt’s PMI hits 46.9 in February

Egypt’s Purchasing Managers’ Index (PMI), issued by the S&P Global Group, recorded 46.9 in February to remain firmly beneath the 50.0 neutral mark.

According to S&P Global data, the index was up from 45.5 in January to signal a softer downturn.

Egypt’s non-oil economy remained in a steep downturn in February, latest PMI™ survey data showed, as demand continued to hit by high inflation and supply chain pressures, the data revealed.

It noted that as a result, job numbers fell at the fastest rate in nine months and business confidence was at a near-record low. On the plus side, inflationary pressures softened from January’s recent highs.

Senior Economist at S&P Global Market Intelligence, David Owen, said that the latest PMI data for Egypt continued to signal a troubled market in February, but with some relief after a rocky start to the year.

“After hitting a four-and-a-half-year high in January, the rate of purchase price inflation softened to the lowest since October, as firms suffered to a lesser extent from weaker exchange rates and rising import costs,” Owen stated, adding that similarly, output charge inflation was the softest for four months, after posting a near six-year high in the previous month. The findings provide some hope that inflation may start to soften after reaching 25.8% in January.

He pointed out that the downturns in output and new orders were not as severe in February compared to the first month of the year, as higher prices led to a solid, but softer fall in new business intakes. Nonetheless, the sustained fall in demand led businesses to cut employment levels at the fastest rate in nine months, while input buying also decreased sharply.

According to Owen, efforts to streamline capacity coincided with another bleak assessment of future output, with expectations falling for the second month running and posting only just above the record low seen in October last year. Continued demand weakness, persistent inflation and ongoing import controls to restrict FX flows mean that companies are likely to face a prolonged downturn in 2023.

“While initial signs of a pick-up in the global economic landscape may help to bring some stabilization, S&P Global Market Intelligence believes that FX markets are not yet at their equilibrium state and that inflation will likely remain in double-digits this year,” he noted.

Source: Egypt Today Magazine

Restoration of Imhotep Museum about to be finalized

The Ministry of Tourism and Antiquities said the project of restoring Imhotep Museum in Saqqara is about to be finalized.

In statements on Saturday, the Assistant Tourism Minister and supervisor of the projects sector of the Supreme Council of Antiquities Hisham Samir, said the museum was renovated in addition to upgrading the services offered to visitors, especially for handicapped.

The museum is one of the most important archaeological sites in Egypt which was established to commemorate architect Imhotep.

The museum consists of six halls, including artifacts of the fifth and sixth dynasties and rare stones.

Source: Egypt Independent

Liberia-flagged MSC ISTANBUL refloated few hours after going aground in Suez Canal

Liberia-flagged container ship, the MSC ISTANBUL, has been successfully refloated few hours after it went aground in the Suez Canal on Sunday, the Egyptian Suez Canal Authority (SCA) announced in a statement.

The vessel resumed its navigation to Portugal after it ran aground at the point of 78 km of the canal, the SCA added.

The SCA salvation team used four tugboats to float the ship, said SCA Chief Admiral Osama Rabie in a statement, noting that the navigation movement was not affected.

“The Authority owns the rescue expertise and the capabilities that are necessary for navigational and technical insurance to deal professionally with potential emergency situations,” said Rabie.

Source: Egypt Today Magazine

Head of EU delegation to visit Aswan, attend AIWF’s opening ceremony

Head of the EU Delegation in Egypt Christian Berger is visiting Aswan, where he is scheduled to attend the opening ceremony of the EU-supported Aswan International Women Film Festival (AIWF).

Berger will also attend several activities of the festival including the Cinematic Arts Training Workshops.

While in Aswan, he is also scheduled to meet with Governor Ashraf Attia as well as visit EU-funded projects, implementing partners and beneficiaries. These projects are focused on empowering women and improving health.

Source: Egypt Independent

Egypt ranking stable at 2023 Agility’s Emerging Markets index: IDSC

The Cabinet Information and Decision Support Center (IDSC) said Sunday Egypt maintains a stable position in the Agility’s Emerging Markets Logistics Index of 2023.

Egypt ranked 21st out of 50 countries, registering 5.06 points compared to 5.0 points in 2022.

The survey and Index of Agility’s 14th annual snapshot of industry polled 750 global logistics executive professionals.

China and India, the world’s two largest countries held their spots at No. 1 and 2 in the overall rankings, followed by the UAE and Malaysia.

The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness; factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

Source: Egypt Today Magazine

IDSC: Egypt tops list of MENA countries sealing deals with startups in 2022

Egypt has topped the list of Middle East and North Africa (MENA) countries that sealed deals with startup companies last year.

The Cabinet’s Information and Decision Support Center (IDSC), in an infographic report Sunday, pointed out that Egypt signed 160 agreements with emerging firms in 2022.

Coming second in the list was the UAE with 153 deals, while Saudi Arabia was in the third position with 144 deals.

Egyptian companies could collect funds worth $517 million in 2022, the IDSC said. The number of investors contributing to startup firms in Egypt also rose by 30 percent, reaching 160 businessmen in 2022, up from 123 the year before, the IDSC added.

Source: Egypt Today Magazine

EGX shows mixed performance Sunday, market cap. gains LE2.87B

The Egyptian Exchange (EGX) showed mixed performance during Sunday’s session, adding around LE 2.87 billion to the market capitalization, amid Egyptian organization purchases.

The benchmark EGX30 declined 0.11 percent, or 19.14 points, to end at 16,827.65 points, and the broader index EGX 100 inched down 0.01 percent, or 0.48 points, at 4,534.28 points.

On the other hand, the equally weighted index EGX 50 inched up 0.01 percent, or 0.32 points, to end at 2,921.01 points, and the small and mid-cap index EGX 70 rose 0.09 percent, or 2.65 points, to close at 3,061.53 points.

Market capitalization gained around LE 2.87 billion, recording LE 1.086 trillion, compared to LE 1.083 trillion in Thursday’s session.

The trading volume reached 394.77 million shares, traded through 61,655 transactions, with a turnover of LE 1.39 billion.

Egyptian investors were net buyers at LE 73.09 million, while Arab and foreign investors were net sellers at LE 23.77 million, and LE 49.31 million, respectively.

Egyptian and foreign individuals were net sellers at LE 21.73 million, and LE 694,176, respectively, while Arab individuals were net buyers at LE 4.06 million.

Arab and foreign organizations sold at LE 27.84 million, and LE 48.62 million, respectively, while Egyptian organizations bought at LE 94.82 million.

Zahraa Maadi Investment & Development, Canal Shipping Agencies, and Arabian Food Industries DOMTY were top gainers of the session at 10.97 percent, 10.24 percent and 9.38 percent, respectively.

Meanwhile, Grand Investment Capital, Al Khair River for Development Agricultural Investment & Environmental services, and Delta Construction & Rebuilding were top losers of the session by 9.64 percent, 6.11 percent, and 5.77 percent, respectively.

Source: Egypt Today Magazine

Egyptian president receives Iraqi PM to discuss bilateral cooperation

President Abdel Fattah El-Sisi received Sunday Iraqi Prime Minister Mohammed Shia’ Al-Sudani, affirming Egypt’s unwavering support for the security and stability of Iraq, valuing the strategic relations between the two countries.

The president emphasized the firm fundamentals of Egypt’s foreign policy towards Iraq and that includes providing full support to the Iraqi people on all levels, particularly in the fight against terrorism and in efforts to solidify security and stability.

2

President Sisi similarly confirmed Egypt’s commitment to effectuating and diversifying frameworks of bilateral cooperation in all political, economic, trade and cultural fields. He also underlined the need to accelerate the implementation of joint projects, in accordance with the needs of the Iraqi people, and in a manner that reinforces integration between the two sides and achieves the joint development objectives. This is in addition to furthering cooperation within the framework of the Trilateral Cooperation Mechanism between Egypt, Iraq and Jordan.

1

For his part, the Iraqi prime minister lauded the firm and historical brotherly bonds the two countries share, expressing appreciation for Egypt’s efforts in support of Iraq across all levels. He stressed Egypt’s keenness on strengthening the solid bilateral cooperation frameworks with Egypt, exploring mechanisms to further advance them toward broader prospects and benefiting from the Egyptian expertise in the various areas.

This shall take place, in particular, in light of Egypt’s prominent role in furthering the mechanisms of joint Arab action in the face of the current crises and challenges in the region. Prime minister Al-Sudani noted that this role is a model to be emulated in preserving and maintaining stability and in achieving progress in the developmental, economic and social conditions.

During the meeting, the two sides exchanged views on a number of Arab and regional issues of mutual interest. They agreed on the need to continue intensive coordination so as to counter the challenges facing the region and achieve the aspirations of the peoples for peace and stability.

Source: Egypt Today Magazine