Digital Asset DirectThe Gotta-Have-It Gifts for the holiday season!
News Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
December 01, 2023 07:00 AM Eastern Standard Time
Video
Digital Asset Direct
News ReleasePizzeria Uno Celebrates its 80th Anniversary as the Birthplace of Chicago’s beloved Deep Dish Pizza
UNO Pizzeria & Grill
This December, Pizzeria Uno (known informally as Uno’s) will celebrate its 80 th anniversary which also commemorates the 80 th birthday of the introduction of Chicago Deep Dish Pizza. Pizzeria Uno and its iconic location at the corner of Ohio and Wabash in downtown Chicago are universally regarded as the birthplace of Deep Dish pizza which has become a staple of the Chicago and American food landscape. To mark the occasion, Pizzeria Uno will host an 80 th Anniversary party at its downtown Chicago location on December 4 th at 6PM. The invite-only party will include entertainment, giveaways, pizza-making demonstrations and, of course, plenty of deep dish pizza for sampling. Included on the guest list is former Chicago Bear player and current sports radio host Tom Waddle. “I have been a long-time fan of Pizzeria Uno. It started back in my days at Boston College in Boston where I used to frequent the locations there with my then girlfriend who is now my wife. It’s such an iconic brand and the deep dish pizza has always been amazing. To think that it all started in this small brownstone building here in Chicago 80 years ago is amazing”. The deep dish story is an integral part of the rich Chicago food scene. In 1943, former University of Texas football star Ike Sewell and his friend WWII G.I. Ric Ricardo opened the flagship Pizzeria Uno Restaurant at its current location in the River North neighborhood of Chicago, Illinois. As legend has it, the deep-dish pizza was born when the two experimented in the kitchen creating a “pizza pie” or the thick upside-down pizza that became known as the Chicago deep dish pizza. It wasn’t long before people were lining up at the door, so Sewell opened a second restaurant in response to Pizzeria Uno’s popularity, Pizzeria Due, which is one block away. In 1963, Ike then opened the historically relevant Su Casa, a Mexican restaurant, as a passion project. The legend of Pizzeria Uno was introduced to the rest of the US and the world starting in 1978 when entrepreneur Aaron Spencer, a Massachusetts resident and prominent businessman, purchased the franchise rights to the restaurant and brand. Spencer opened the first franchise location in Boston with an expanded menu to attract an even broader crowd. The restaurant added locations to as many as 20 states and multiple countries. Pizzeria Uno deep dish pizza is currently enjoyed in over 80 locations worldwide. Pizzeria Uno General Manager, Robert Komar, is proud of the mark that Pizzeria Uno has left on the food scene in Chicago. “To come to work each day knowing that this building here on the corner of Ohio and Wabash is the birthplace of deep dish pizza is an incredible feeling. Deep dish pizza, which is woven into the fabric of the Chicago and American food culture, is such an iconic part of this city. People come from all over the world to experience it here in this beautiful building. We are so proud to be part of the legacy here and will continue to serve up deep dish for another 80 years.” About UNO Pizzeria & Grill Based in Boston, Massachusetts, Uno Restaurant Holdings Corporation includes approximately 80 company-owned and franchised UNO Pizzeria & Grill restaurants located in 18 states, and the District of Columbia, India, and Saudi Arabia. UNO is all about connecting people over pizza – from its famous Chicago Deep Dish, which UNO invented in 1943, to its Chicago Thin Crust, to its gluten-free and vegan pizzas. Contact Details Chris Dellamarggio +1 339-613-7641 cdellamarggio@unos.com Company Website https://www.unos.com/
November 30, 2023 02:05 PM Eastern Standard Time
News ReleaseATA to Hold Virtual Roundtable in Response to Film Translators
American Translators Association
A free virtual event held during Universal Human Rights Month will address the challenges depicted in the film Translators and provide insights into the repercussions of asking children to work as interpreters for people with limited English proficiency (LEP) and the trauma it can cause. The American Translators Association (ATA), the premier association of translators, interpreters, and language professionals in the world, will hold a free online roundtable to discuss concerns over the depiction of children as interpreters in the film Translators, directed by Rudy Valdez and presented by U.S. Bank. A diverse panel of language services industry experts, including researchers, language access advocates, and former child interpreters, will provide insights into the issue, explaining how the film missed a unique opportunity to address the trauma child interpreters can experience and how people who need professional interpreters can avail themselves of their federally protected rights to access them. The panel will discuss a review of the film and the issues it presents, analyze the challenges of offering “meaningful” language access for LEP individuals, and suggest solutions to avoid placing the language brokering burden on children. The free virtual event will be held on Thursday, December 14, 2023, at 12:00 p.m. EST in English, with Spanish and ASL (American Sign Language) interpreting and live professional captioning. Register here to receive a Zoom link to attend. A recording of the event will be made available afterwards on ATA’s website. ATA encourages advocates, journalists, and leaders to participate and help spread the word about this important issue. If you have any questions about this event, please contact us by emailing ATA’s Advocacy Committee at advocacy@atanet.org. About the American Translators Association The American Translators Association (ATA) is the largest professional association of interpreters and translators in the United States, with thousands of members in over 100 countries who work in over 90 languages. Members include translators, interpreters, teachers, project managers, web and software developers, language company owners, hospitals, universities, and government agencies. ATA’s mission is to promote the recognition of professional translators and interpreters, to facilitate communication among its members, to establish standards of competence and ethics, to provide its members with professional development opportunities, and to advocate on behalf of the profession. Contact Details American Translators Association Kelli Baxter, Executive Director +1 703-683-6100 kelli@atanet.org Company Website https://www.atanet.org/
November 30, 2023 12:20 PM Eastern Standard Time
Digital Asset DirectTech the Halls
News Media Group, Inc.
Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
November 30, 2023 10:51 AM Eastern Standard Time
Video
News ReleaseStreaksAI going for growth after "year of product development"
StreaksAI PLC
Streaks AI PLC CEO Phil Blows speaks to Thomas Warner from Proactive London after the AI Chatbot Creator Platform released its interim results for the six months to 31 August 2023. Blows explains that Streaks AI has developed a platform allowing influencers, businesses, and individuals to create and monetize digital avatars. This year, the company expanded its product line from one to four, including Streaks Gaming, Streaks Social, Streaks Idol, and Streaks Companion. Streaks Social enables influencers to create digital avatars for personalised fan interactions and monetization through affiliate links. Streaks Idol, targeting future influencers, offers technology for creating fully digital chatbots. Streaks Companion, differing from the others, lets users create personal chatbots for various purposes like mentoring or language learning. The company has seen significant growth, with over 15,000 customers and 127,000 conversations. Blows highlights the company's focus on business development rather than further product expansion, aiming to capitalise on the rapidly growing AI market which is projected to reach $1.3 trillion in ten years. He emphasises Streaks AI's uniqueness as a UK-based AI company in the FTSE main market, blending best-in-class AI technologies into an easy-to-use platform. Blows envisions a future where Streaks AI leads in providing engaging experiences through advancements like AI headsets, positioning the company at the forefront of AI development. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
November 30, 2023 08:11 AM Eastern Standard Time
Video
News ReleaseTECH THE HALLS WITH SMART GADGETS
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/KS8odvozlYQ Holiday shoppers are back in the spirit of spending. A record 95% of consumers plan to shop for the holiday season this year, up from 92% in 2022 and 88% in 2021. Though most consumers expect higher prices, those surveyed plan to budget and spend an average of just over $1,600. Close to 200 million consumers plan to buy tech products and services as presents during the holiday season. High-definition headsets and earbuds top tech gadget wish lists, followed by smartphones, smart speakers, video game consoles, smart portable projectors, and watches. Humphrey has compiled a list of her favorite holiday tech upgrades. EARBUDS: Humphrey highlights how technology is always at the top of holiday wish lists and one of the most popular gifts this year is a set earbuds. “A clear standout is 1MORE,” says Humphrey, adding, “What I love about these earbuds is how the S30 and S50 produce remarkably well-balanced sound with exquisite attention to even the most subtle of details.” Whether walking, running, or biking, the S50 is designed with the user’s safety in mind. Its open-air design does not block the surrounding environmental sound, allowing the user to hear peripheral sounds of cars and crowds. Both of these sports earbuds do not compromise on quality at a fraction of the cost compared to competitors. Direct links: S50： https://tinyurl.com/6z9k8vur S30： https://tinyurl.com/4xnefhfj Amazon S50: https://www.amazon.com/dp/B0CCS51B91?maas=maas_adg_777D26015056852418238427A96BE730_afap_abs&ref_=aa_maas&tag=maas S30: https://www.amazon.com/dp/B0CCS6P45V?maas=maas_adg_600BB059CAAF7F6F8DC3E9E03470220A_afap_abs&ref_=aa_maas&tag=maas Social media handles: Facebook: https://www.facebook.com/1MOREGlobal Instagram: https://www.instagram.com/1moreglobal/ X (Twitter): https://twitter.com/1MoreGlobal PROTECTIVE CASES: Protecting tech gadgets is a necessity says Humphrey, adding, “I always turn to OtterBox.” The Symmetry Series for MagSafe and Defender Series Pro XT are the perfect accessories for new iPhone 15 devices. Both of these cases are slim, protective and MagSafe compatible. “For stylish protection, you can also pair both of these with the OtterBox MagSafe Foli,” Humphrey highlights. The Symmetry Series for MagSafe and Defender Series Pro XT are the perfect gift for anyone looking for an iPhone upgrade.” Direct links: tmobile.com Social media handles: @otterbox SMART DEVICES & DEALS: A record 95% of consumers plan to shop for the holiday season this year. The majority are seeking out the best deals. T-Mobile is bringing back one of its most popular deals this holiday! Consumers can get four lines for only $100 a month on Essentials w ith AutoPay discount using eligible payment method. Plus taxes & fees. T-Mobile customers can save $480/year compared to AT&T and $240/year compared to Verizon. Humphrey says shoppers should check out their tech bundle, “You can get a free smartphone, watch, and qualifying accessory from leading brands like Samsung to Google and more when you combine T-Mobile’s holiday promotions, all via 24 monthly bill credits, plus tax. That could save a customer more than $1,000. Plus, T-Mobile has even more deals for both new and existing customers on the latest tech for the whole family this holiday season!” Major perks come with being a T-Mobile customer like free streaming services, free in-flight wi-fi and more on their best plans that add up to over $270 in added value each month for families. Shoppers can also take advantage of deals on the latest tech, including free smartphones from Samsung, Google and Motorola including the Samsung Galaxy S23, Google Pixel 8, Motorola Razr+, and the newly refreshed SyncUP KIDS Watch on Us with three free watch bands when you add a new watch line and pick up in store, all with 24 monthly bill credits, plus tax. Direct link: t-mobile.com/offers Social media handles: Facebook: Facebook Instagram: Instagram X (Twitter): X Hashtags: #TMobile #HolidayMode HEATERS: Now that the colder months are upon us, Humphrey says there is a way to heat things up at home or the office. “I really like the GoveeLife Smart Space Heater Lite, say goodbye to physical controllers! Users can enjoy smart control of their heaters in the Govee app, as well as voice control compatibility with Alexa and Google Assistant,” adds Humphrey. It's updated heatbooster design warms up quickly in 2 seconds, delivering almost immediate warmth for users. This heater is designed with safety at the forefront, optimizing stability in the event of unit tip-over, as well as overcurrent and high temperature protection. Direct link: https://www.amazon.com/dp/B0BZ79ZLMP Social media handles: Facebook Address: @Govee Instagram Handle: @goveeofficial Twitter Handle: @GoveeOfficial Hashtags: #GoveeLifeSmartHeater #Heater #SmartAppliances #SmartHeater REWARDS DEALS: One in four people say they plan to wait to buy a gift until they find the best sale or offer. Humphrey says people can leverage rewards and cashback to become a smart holiday shopper. “This holiday season you can shop smarter and stretch a gifting budget by maximizing rewards and earning cashback with PayPal,” Humphrey points out, adding, “Discover cashback offers in the PayPal app that you can easily save and automatically apply when you checkout.” Additionally, consumers can earn more rewards by installing the PayPal Honey shopping extension which automatically discovers coupons and cashback deals online to help save for the holidays. Direct link: https://www.paypal.com/us/digital-wallet/ways-to-pay/rewards-points Social media handles: @PayPal Hashtag: #PayPal Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
November 29, 2023 04:03 PM Eastern Standard Time
Video
News ReleaseTHE HOLIDAY GIFT SHOP IS NOW OPEN!
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/4vOaYmrzCQs U.S. online holiday spending is expected to surge to more than $220 billion this year. That puts spending up by almost 5% year over year from about $210 billion in 2022. Adobe holiday spending forecast predicts more than half of online spending will be made via mobile devices. Industry analysts predict electronics, toys, and apparel will see the highest demand and discounts now through December 31 st. Cyber Week will drive $37 billion in online holiday spending. Overall, most shoppers plan on spending just over $800 on holiday gifts this year, totaling more than $180 billion. Braun-Silva has compiled her 2023 list of family gifting ideas. BIG DEALS & UNIQUE GIFTS: Braun-Silva says the majority of consumers are looking for big deals and Big Lots, one of America’s largest home discount retailers, offers extreme bargains on gifts for everyone on your holiday shopping list. The lifestyle expert admits, “I absolutely love their cozy Broyhill reversible knit throw blanket – a dupe for the popular Barefoot Dreams blanket that is all the rage – it’s the perfect gift for a best friend, parents or even yourself at a fraction of the price.” Big Lots truly carries some of the most unique gift items, including a popcorn maker. It’s perfect for a movie night in. She also says shoppers can find top toy brands and save on gifts for the kiddos, adding, “I love the Barbie Groom ‘n Care Horse playset. It’s 32% less at Big Lots than elsewhere!” Direct links: Biglots.com/gifts Social media handles: Facebook: @ biglots Instagram: @ biglots FOR THE GAMER: For the gamers out there, Braun-Silva says Bluey: The Videogame and PAW Patrol World are two recently released kids video games available now on all consoles and PC. “My two boys absolutely love playing them and as both have couch co-op they can play together, so I would highly recommend this as a Christmas gift this year.” In Bluey: The Videogame, gamers can become immersed in the world of Bluey in this interactive adventure game that faithfully recreates iconic locations from the show. With up to 4 players in couch co-op it's the perfect game for all the family. Everyone’s favorite pups have returned in the open-world adventure game PAW Patrol World. Explore Adventure Bay and beyond with up to 2 players in couch co-op in Outright Game’s biggest PAW Patrol game yet! Direct links: Outright Games Social media handles: Facebook: Outright Games Ltd Instagram: O utright_games X (Twitter): @Outright_Games COZY & WARM: Braun-Silva says the holidays are all about those warm and cozy moments. One of her favorite brands is Bedsure. “It’s a budget-friendly and stylish brand where shoppers can find everything cozy this holiday season, whether inside or outdoors, I love their Wearable Blanket Hoodies— Bedsure’s Sherpa Fleece Tall Wearable Blanket Hoodie, Sherpa Fleece, Shaggy Sherpa and Feather Yarn Poncho.” Available in multiple sizes, colors, materials—and matching family sets—these hooded blankets keep consumers and their loved ones snuggly and warm. The super-soft Bedsure Wearable Blanket Hoodie, with nearly 4,000 ratings, is available at Bedsure’s store on Amazon and 20% off for Black Friday. Direct links: Bedsure Sherpa Fleece Tall Wearable Blanket Hoodie Bedsure Sherpa Fleece Wearable Blanket Hoodie Bedsure Shaggy Sherpa Wearable Blanket Hoodie Bedsure Feather Yarn Poncho Wearable Blanket Hoodie Social media handles: Facebook: https://www.facebook.com/bedsurehome Instagram: https://www.instagram.com/bedsurehome Pinterest: https://www.pinterest.com/bedsurehome/ X (Twitter): https://twitter.com/bedsurehome YouTube: https://www.youtube.com/@bedsurehome STYLE & COMFORT: As a New York City woman, Braun-Silva says, “Style is not lost on me.” Duluth Trading has flannel for the whole family. The brand’s Free Swingin’ Flannel is 100% cotton that’s double-brushed for superior softness and comfort. “They call it ‘Free Swingin’’ for a reason too, due to its Reach Gussets at the underarms and deep shoulder pleats that allow you to stretch, reach, move and swing without any restriction,” adds the lifestyle expert. Duluth’s Free Swingin’ Flannels are offered in over 15 different patterns and colors, so there’s one to match everyone’s personal style. Direct link: https://www.duluthtrading.com/gifts/ Social media handle: Instagram: @DuluthTradingCompany HEALTH & HAPPINESS: Braun-Silva says a truly unique family gift idea is associated with health and happiness! “You probably know 23andMe for its DNA test that reveals where in the world your ancestors came from. What you might not know is that it has provided health reports for years. They’re the only company that offers direct-to-consumer health reports authorized by the FDA.” 23andMe provides personalized and actionable genetic insights on health conditions such as type 2 diabetes, celiac disease, high cholesterol, and many more. “This is health information you may not know without a 23andMe test,” adds Braun-Silva, “It’s the perfect gift for those looking to live their best lives.” Direct link: https://www.23andme.com/dna-health-ancestry/ Social media handles: Facebook: https://www.instagram.com/23andMe/ Instagram: https://www.instagram.com/23andMe/ LinkedIn: https://www.linkedin.com/company/23andme/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
November 29, 2023 01:55 PM Eastern Standard Time
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News ReleaseWAYS TO SPREAD A LITTLE HOLI-YAY CHEER THIS HOLIDAY SEASON
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/uy0-Sh1cx1o Holiday spending is expected to rebound to pre-pandemic levels. The Deloitte Holiday Retail Survey found shoppers are ready for retail therapy, including gifts for family, friends, and even themselves. Consumers are expected to spend about $1,600 on holiday-related purchases, up 14% from last year. The most popular gifting categories should come as no surprise, with tech gadgets topping the list, followed by footwear, clothing, and experiences. Spending time with friends and family has continued to grow in popularity ever since 2020. Experiences also include holiday gatherings. For those taking on a hosting gig, there are creative ways to set a cheerful ambience, including festive lighting designs, holiday decor, and sweet treats that make a perfect snack or dessert. Murphy will provide viewers with tips to help enrich any holiday festivities. CHOCOLATES: Murphy says, “It’s such a sweet and indulgent time of year. Everybody wants to eat chocolate!” Whether gift giving, hosting parties, or sharing with family and friends, Sanders is iconic and tastes amazing. The brands famous slow-kettle cooked, small-batch caramel is made with real cream and butter that is enveloped in high-quality chocolate and topped with a sprinkle of sea salt. “It's pure magic and I always have Sanders at my house for holiday gatherings,” adds Murphy, “Sanders Sea Salt Caramels come in Dark or Mild Chocolate, as well as pecan and peppermint varieties decked in festive packaging in two sizes – 7 oz. pounch or 18 oz. tub.” Direct links: Sanders Candy - Indulgent Caramels, Chocolates, Toppings and Gifts Social media handles: Facebook: (20+) Facebook Instagram: SandersCandy (@sanderscandy) • Instagram photos and videos Hashtags: #SandersCandy #Sanders #SandersCaramel #SandersChocolate #SandersCaramels #SeaSaltCaramels #SmallBatch #NoArtificialColors #TreatYourself #Treats #Sweets #MilkChocolateLover #PremiumChocolate #ChocolateLover #MilkChocolate #MilkChocolateCaramel #DarkChocolate #DarkChocolateLover PROTECTED TECH: Murphy says tech gadgets are more popular than ever, but it’s important to keep it protected, “Opening up a tech gift is a big “YAY” for most people, but it’s an even bigger “NAY,” if you drop it, crack it, or even break it.” OtterBox is the best option, these protective cases are ultra-sleek, pocket-friendly, built rigid with a silky soft-touch finish that looks and feels good, “It protects your tech, but still looks cool,” adds Murphy, continuing, “I love the OtterBox 3-in-1 Charging Station and OtterBox MagSafe Wallet. These have built in magnets so you can seamlessly use MagSafe accessories.” These items are available available at Verizon, verizon.com. Direct links: Verizon.com Social media handles: @otterbox HOLIDAY LIGHTING: The lifestyle expert recommends unique gift ideas, especially something the entire family can enjoy together. So many of us want our house to sparkle and shine during the holiday season,” says Murphy, adding, “I love adding a little ‘yay’ by brightening up our festivities without the yearly tangle and hassle.” Govee Permanent Outdoor Lights are the industry's first self-installation permanent outdoor light, offering a premium experience with unparalleled price advantage and weather-proofing. With one-time installation, users can enjoy the ultimate lighting experience for years. Users can choose from over 16 million colors to adorn their home’s facade with white and blue for Hanukkah, red and green for Christmas, or a warm white for year-round – giving users the ability to achieve the perfect ambience throughout the year. Govee Permanent Outdoor Lights have an effortless installation process thanks to its user-friendly design and hassle-free setup. Murphy highlights how these lights are built to brave rain, snow, and extreme temperatures, ensuring they shine brightly every season. Direct link: Govee Permanent Outdoor Lights Social media handles: Facebook: @Govee Instagram: @goveeofficial X (Twitter): @GoveeOfficial Hashtags: #holidaylighting, #holidaydecor, #Govee, #DIY, #Christmasdecorations, #ChristmasLights #Goveeutdoorlights #OutdoorChristmasdecoration PAYMENT OPTIONS: This year, consumers are expected to spend about $1,600 on holiday-related purchases, but it does not have to be a nay, says Murphy, “Giving is a big “YAY,” but so is staying within your budget.” From gifts and travel to hosting, the holidays look a little different for everyone. No matter how consumers celebrate, Afterpay helps unlock their festive rituals and holiday their way by helping shopper find everything they need this season and letting them choose how to pay. “As a valuable budgeting tool, Afterpay offers more ways to buy now and pay later. You get to shop with its suite of flexible payment solutions and not fall into debt,” adds Murphy, “From curated gift guides to exclusive top brands, the Afterpay app is a shopping destination where consumers can get inspired for everything they need. I love it!” Consumers can access discounts of up to 80% in the app throughout the season. Whether shopping in-person or online, customers can select one of Afterpay’s flexible payment solutions at checkout. Direct link: https://apps.apple.com/us/app/afterpay-buy-now-pay-later/id1401019110 https://play.google.com/store/apps/details?id=com.afterpaymobile.us&hl=en_US&gl=US&pli=1 Social media handles: Instagram Handle: @afterpayusa TikTok: https://www.tiktok.com/@afterpayusa Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
November 29, 2023 01:37 PM Eastern Standard Time
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News ReleasePending $400 Million Purchase Agreement To Advance Sharps Into Large Prefillable Syringe Market With Differentiated Copolymer Syringe Systems
Benzinga
By Meg Flippin, Benzinga Sharps Technology Inc. (NASDAQ: STSS) is an innovative medical device and pharmaceutical packaging company that seems positioned for growth through its commercial-ready, patented copolymer syringe products. The company recently announced a pending asset purchase agreement to acquire the InjectEZ specialty copolymer syringe manufacturing facility and a 10-Year purchase agreement for over $400 million from Nephron Pharmaceuticals, a privately held healthcare company. Sharps Technology has a stated mission to be a leader in the copolymer prefillable syringe system segment as the pharmaceutical industry shifts toward using these applications. The market opportunity that Sharps has identified, through target customers in the large-cap pharmaceutical and specialty biotech segments of the market, represents a significant opportunity for the company with opportunities for growth and profitability. The company says its advanced syringe offerings are easy to use and have built-in features to protect a person from needle stick injuries, blood-borne infections like hepatitis B and C and HIV. Vaccinations, medicine delivery and newly approved drug administration via the biotech industry are leading applications for Sharps’ syringes, and it’s a market growing at a CAGR of 11.95% from 2022 to 2030. Sharps’ Differentiated Products Are Stronger Than Glass When it comes to prefilled syringes, not all of them are created equal. Glass syringes have been the de facto standard but they have deficiencies that need to be overcome whether in a hospital setting or at home. For starters, glass syringes are prone to breakage as compared to Sharps’ COC (cyclic olefin copolymer) based prefilled syringes. Sharps’ copolymer products address many of the other historic deficiencies that glass-based syringes experience in the field. At present, COC syringes are comparable to glass in terms of barrier quality, long term drug stability and imperviousness to oxygen and water vapor contamination. They can exceed glass syringes in breakage rates, drug shelf life, cold chain storage, and cost to manufacture. Sharps’ product pipeline and market strategy will include a broad range of sizes, silicon free systems that address contamination issues for the healthcare market, dual chamber systems that improve drug shelf life while reducing unnecessary packaging and customized solutions for systems that serve the growing autoinjector segment. To further the market, Sharps recently inked a deal with Nephron Pharmaceuticals Corp. to make these advanced syringe systems. Nephron is a leader in contract manufacturing of generic medications and 503B outsourcing that includes extensive use of prefillable sterile syringes. Under the terms of the deal, Sharps will acquire Nephron’s InjectEZ specialty syringe manufacturing facility for $50 million. This includes a 10-year purchase agreement for over $400 million from Nephron Pharmaceuticals for Sharps’ next-generation copolymer prefillable syringe systems. Understanding The Prefillable Syringe Market The prefillable syringe market is a sub-industry within the healthcare sector that is growing faster than GDP at a 4x multiple of GDP. The U.S. market has seen growth over the past few years, driven by reducing hospital errors and administration injuries, increased use of biologics and biosimilars that require administration by injection, and need for more efficient drug delivery systems. Injectables were 37% of the global drug delivery market in 2017 and increased to 44% by 2021, even before COVID vaccines further increased syringe demand. Prefillable syringe capacity is at a premium, due to the global lack of capacity, increasing demand and technical challenges in production. Specifically, prefillable COC syringe demand growth is outstripping industry capacity. Additionally, these products are increasingly being used in the delivery of biologic drugs, biosimilars and in the development of new formulations of existing drugs. Larger molecules are becoming more complex and require exceptional delivery mechanisms. Copolymer Prefillable Syringes: A Niche Market That Seems To Be Taking Off The prefilled syringe market has growth prospects within the healthcare sector and Sharps will serve both Nephron and other pharmaceutical and healthcare customers within the copolymer segment of the market. With a lack of available capacity for these products and the technical challenges in producing them, Sharps says that it is at an advantage in the marketplace. The company has assembled a management team with a wealth of experience in developing copolymer syringes, which many rivals can’t claim. That’s evident with its Nexent line of syringes made of advanced polymer material for improved long-term drug stability and preserved efficacy. The material is also break-resistant and includes a robust container closure system utilizing common, industry standard rubber formulations, making it easier to pass regulatory scrutiny. Sharps sees a big market opportunity with its copolymer prefillable syringes including biologics and cold chain vaccines, serving potential customers in Japan, Europe, and North America, three regions with increasing demand through their rapidly aging populations. “With this landmark purchase agreement in place for our copolymer prefillable syringes, we will accelerate the realization of our shared goals, transition the company to revenue, and propel Sharps into a new phase of growth and sustainability,” commented Robert Hayes, Sharps CEO. “At the forefront of our growth trajectory are our copolymer-based prefillable syringe systems, a sector that is experiencing escalating market demand and is poised to shape the future of Sharps Technology.” To review the corporate website, CLICK HERE. To review the investors section for the website, CLICK HERE. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
November 29, 2023 09:25 AM Eastern Standard Time
