Crown Bioscience Announces Second Quarter Results, Appoints Dr. Yangzhou Wang as Sr. VP of Global Operations
14.8.2017 06:00 | NASDAQ OMX
SANTA CLARA, Calif., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE: ticker 6554) and a global drug discovery and development services company providing translational platforms to advance oncology, cardiovascular and metabolic disease research, today announces its results for the second quarter ending June 30, 2017.
CrownBio is pleased to report that second quarter results showed strong revenue and profit growth. Revenue grew by 33% to $18.9 million while operating profit increased to $2.05 million after tax. Year-to-date (YTD) revenue echoes the upward trend with 37% revenue growth over 2016 and $2.57 million after tax operating profit. For shareholders, Crown's success translates to an exponential increase in earnings-per-share (EPS), delivering five times last year's EPS.
CrownBio also announces today the appointment of Yangzhou Wang, Ph.D., one of the industry's preeminent operational scientists, as Senior Vice President of Global Operations.
"We are thrilled to bring Dr. Wang onboard," said Dr. Jean-Pierre Wery, CEO of CrownBio. "CrownBio is experiencing tremendous, sustained growth which has led to the expansion to eight offices worldwide. With our sustained success, Dr. Wang's outstanding scientific expertise and international experience will further strengthen our global operational excellence."
"I am very excited to join CrownBio," said Dr. Wang, "The impressive global reach and scientifically advanced preclinical oncology, cardiovascular and metabolic platform place it at the top of the industry, and make it the world's leading company for acceleration of drug discovery and development." He continued, "I have long admired CrownBio's growth, innovation and scientific advancements and am looking forward to the extraordinary work we are going to create together."
CrownBio also announces the retirement of Dr. Alex Wu and Bing Zhu from their positions as President/Chief Strategic Officer and Chief Operating Officer. A cofounder of CrownBio, Dr. Alex Wu has served as the CEO, President, and CSO of CrownBio. Bing Zhu, the former Chief Financial Officer (2013 - 2016), successfully led CrownBio into a publicly traded company.
"We are extremely grateful for the guidance and dedication both Dr. Wu and Mr. Zhu have given to CrownBio. We remain confident that CrownBio will further our success and commitment as the world's leading provider of innovative, efficient preclinical and clinical solutions," said Dr. Wery.
About Yangzhou Wang, Ph.D.
With a Ph.D. in Biological Sciences from the State University of New York at Buffalo, Dr. Yangzhou Wang specializes in mergers and acquisitions, business integration and development. As the Vice President of International Sales and Business Development at WuXi AppTec, he was the driving force behind the global growth of the company's preclinical and clinical testing businesses. Dr. Wang also spent a significant part of his career in academia, including serving as the Manager at the Hewlett Packard Laboratories Advanced Studies Group, and as an assistant professor at the Hauptman Woodward Medical Institute and the State University of New York at Buffalo.
About Crown Bioscience Inc.
Crown Bioscience is a global drug discovery and development solutions company providing translational platforms to advance oncology and metabolic disease research. With an extensive portfolio of relevant models and predictive tools, Crown Bioscience enables clients to deliver superior clinical candidates.
Crown Bioscience Inc.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Crown Bioscience Inc. via Globenewswire
Följ NASDAQ OMX
Skriv in din e-postadress så får du ett mejl när vi har något nytt att berätta.
Senaste pressmeddelandena från NASDAQ OMX
Constellation Brands to Present at Barclays Global Consumer Staples Conference, September 6, 201722.8.2017 15:04 | Pressmeddelande
VICTOR, N.Y., Aug. 22, 2017 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol company, announced today that David Klein, chief financial officer and Bill Newlands, chief operating officer, will present at the Barclays Global Consumer Staples Conference on Wednesday, September 6, 2017, at the Intercontinental Hotel in Boston, MA. The presentation is scheduled to begin at 11:15 a.m. EDT and is expected to cover the company's strategic business activities, financial and operational performance, and outlook for the future. A live audio webcast of the presentation can be accessed on the company's website at www.cbrands.com by following the instructions in the "Investors" section. Following the presentation, the webcast will be available on the company's website for replay through the close of business on Friday, October 27, 2017. Financial and statistical information discussed in the presentation and a reconciliat
Patton Among Top Ten 2017 UC Solutions Providers22.8.2017 14:00 | Pressmeddelande
Patton offers a unique set of competencies and capabilities that help companies bring their UC dreams into reality GAITHERSBURG, Md., Aug. 22, 2017 (GLOBE NEWSWIRE) -- Patton Electronics-US manufacturer of UC, cloud, and IoT enabling solutions for carrier, enterprise and industrial networks-has been named among the top ten unified communications (UC) solutions providers according to InsightsSuccessmagazine. Patton is doing some unusual things that no other network equipment manufacturer does to enable UC implementations. Patton offers a unique set of competencies and capabilities that help companies bring their UC dreams into reality. Two examples... SmartNode enterprise session border controllers (eSBC) address a broad range of networking functions including IP security, legacy telephony integration (analog and ISDN), network demarcation, and much more-all in a single customer
Manuport Logistics Uses Descartes for SOLAS Compliance22.8.2017 12:45 | Pressmeddelande
LIER, Belgium, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Manuport Logistics in Belgium is using the Descartes Verified Gross Mass(TM) (Descartes VGM(TM)) solution to help its customers comply with the International Convention for the Safety of Life at Sea (SOLAS) regulations for container weight requirements. "The long-standing relationship Manuport has with Descartes played an important role in our selection of the Descartes VGM solution; however, it was the rapid implementation capabilities that really differentiated Descartes," said Luc Geerts, Strategic Accounts Manager at Manuport Logistics. "In addition, Descartes has an impressive track record in networked communication and the Descartes VGM solution uses a similar Descartes standard message format as we do for managing shipments. In the maritime industry where messaging standards
Immunicum AB (publ) Announces Upcoming Presentations at Conferences in August and September22.8.2017 08:00 | Pressmeddelande
Press Release 22 August 2017 Immunicum AB (publ) Announces Upcoming Presentations at Conferences in August and September Immunicum AB (publ; First North Premier: IMMU.ST) a biopharmaceutical company advancing a novel, immune-priming cancer treatment against a variety of solid tumors, today announced that Immunicum leadership will present the Company at several upcoming investor and partnering conferences in August and September. Swedish-American Life Science Summit 2017 Date: August 23 - 25, 2017 Presentation Time: August 25, 12:00 pm Central European Time Venue: Nasdaq Stockholm, Tullvaktsvägen 15, Stockholm, Sweden Pareto Securities' 8th Annual Healthcare Conference Date: September 7, 2017 Presentation Time: 12:15 pm Central European Time Venue: Conference 7A Strandvägen 7A Stockholm, Sweden 24th Annual NewsMakers in th
Kommande presentationer och investerarmöten i augusti och september22.8.2017 08:00 | Pressmeddelande
Pressmeddelande 22 augusti 2017 Kommande presentationer och investerarmöten i augusti och september Immunicum AB (publ), First North Premier: (IMMU.ST), ett bioteknikbolag som utvecklar ny typ av immunaktiverande cancerbehandling mot ett flertal olika solida tumörformer, meddelar idag att bolagets ledning kommer att presentera bolaget vid ett flertal kommande konferenser och investerarmöten under augusti och September. Swedish-American Life Science Summit 2017 (SALSS) Datum: 23-25 augusti, 2017 TIdpunkt för Immunicums presentation: 25 augusti, kl 12:00 Plats: Nasdaq Stockholm, Tullvaktsvägen 15, Stockholm Pareto Securities' 8th Annual Healthcare Conference Datum: 7 september, 2017 Tidpunkt för Immunicums presentation: kl 12:15 Plats: Conference 7A Strandvägen 7A Stockholm 24th Annual NewsMakers in the Biotech Industry
ZIM Adds MatchBack Systems Analytics Services in Italy21.8.2017 22:00 | Pressmeddelande
Innovative approach to gain efficiencies through fewer empty container moves adds significant value for ZIM's customers GREEN BAY, Wis. and ROTTERDAM, The Netherlands, Aug. 21, 2017 (GLOBE NEWSWIRE) -- MatchBack Systems, Inc. ( www.matchbacksystems.com ), the leading software as a service (SaaS) solution to plan, optimize and automate matchbacks, announced that ZIM Integrated Shipping Ltd. joined the company's customer base on May 1, 2017 to optimize their inland operation in Italy. The account will be serviced through the European office in Rotterdam and corporate headquarters in North America. The system will be deployed for a 2 months pilot after which the parties will evaluate the scope for a broader cooperation. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1cb9a632-22a4-4ff5-a3d5-d8b3964e5113 Gil Lehmann, Head of Global Land Tra
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum