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Tag: Pileco

Pileco to spend $4,100,000.00 to occupy 25,525 square feet of space in Conroe Texas.

Pileco to spend $4,100,000.00 to occupy 25,525 square feet of space in Conroe Texas.

February 4, 2021 Craig Etkin

Conroe, Texas — According to state and local economic development sources Pileco plans to invest $4,100,000.00 to build out 25,525 square feet of new space in Conroe. The company plans to occupy the new space at…

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Progentos Therapeutics, today announced its launch and the closing of a $65 million series A round. This funding will enable Progentos to advance its Multiple Sclerosis program through human proof of concept studies and expand its pipeline in additional degenerative diseases. Progentos is developing first-in-class small molecules designed to induce remyelination of axons affected by MS. In MS, disability is caused by demyelination, damage to the myelin sheaths that support the function and survival of axons. “While there are many treatments that are highly effective at slowing the progression of disease, there is a significant unmet need for new approaches that can regenerate myelin and restore function for patients with MS,” said Dr. Chris Loose, CEO of Progentos. “I am thrilled with the support received from this group of investors and appreciate their recognition of the need to advance the current standard of care for the millions of individuals impacted by MS and other demyelinating diseases.”

The series A financing was led by Netherlands-based Forbion which was joined by Alta Partners, Mission BioCapital, Longwood Fund, and Dolby Family Ventures. Progentos is developing first-in-class compounds to induce endogenous oligodendrocyte progenitor cells to remyelinate axons in patients suffering from MS and other demyelinating diseases. Combining expertise in chemistry, biology and in vivo models, Progentos discovers and develops novel small-molecule drugs to regenerate tissues in patients with degenerative diseases. The Company will have operations in Watertown, MA, USA and Naarden, The Netherlands.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs with long-term stability. This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.

“Our team members are the heart of Toyota,” said Tim Hollander, president of Toyota Indiana. “We take great pride in producing quality products while providing long-term, stable employment no matter the changes in our industry. Our team is committed to delivering this new product with the same quality and performance that Toyota customers expect.” Toyota’s Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and the Lexus TX. Since 2021, Toyota has announced new investments totaling $18.6 billion into its U.S. manufacturing operations to support electrification efforts. Increasing BEV production in the U.S. advances Toyota’s portfolio approach to electrification. Toyota directly employs more than 63,000 people in North America who have contributed to the design, engineering, and assembly of nearly 47 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 27 electrified options.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Polymarket, the world’s largest prediction market, announced today that it has raised $70 Million of new capital across two unannounced rounds: a $45 Million Series-B led by Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum founder Vitalik Buterin, Dragonfly and Eventbrite’s co-founder Kevin Hartz, as well as a $25 Million Series-A led by General Catalyst, with participation from Airbnb’s Joe Gebbia, Polychain and other leading investors.

On Polymarket, traders predict the outcome of future events and earn when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Market forecasts span politics, current events, pop culture and more. Trading is unavailable in the United States and other restricted jurisdictions, while market forecasts are available freely worldwide. “I started Polymarket because I believe that market-based forecasts will inevitably become an integral part of how we follow news and find truth on the internet,” Polymarket’s founder Shayne Coplan said. “It has been humbling to see that vision begin to materialize at scale – with so many people relying on Polymarket when following important current events.” Polymarket is the world’s largest prediction market. On Polymarket, traders predict the outcome of future events and win when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Institutions, individuals and the media rely on these forecasts to report the news and better understand the future. Across politics, current events, pop culture and more, a record $202m worth of predictions have been made so far on Polymarket in 2024.

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