Category Archives: News

Euro Pratik Reported Highest Ever Quarterly Revenue in Q1FY27 growing by 61% y-o-y, and Q1FY27 PAT growth stood at 116% y-o-y

MUMBAI, India, Aug. 11, 2026 /PRNewswire/ — Euro Pratik Sales Ltd, a leading Surface Decorative Product company, announced its unaudited financial results for the quarter ended 30th June 2026.

Key Highlights:

• Q1FY27 Revenue from Operations rose to ₹103.3 crore, delivering an exceptional 60% y-o-y growth from ₹64.5 crore in Q1FY26, reflecting strong business momentum and market traction.
• Q1FY27 EBITDA rose to ₹29.2 crore, marking a healthy 25% y-o-y increase over ₹23.4 crore in Q1FY26, while maintaining a robust EBITDA margin of 27.5%.
• Q1FY27 Profit After Tax (PAT) more than doubled to ₹20.0 crore, recording an outstanding 116% y-o-y growth from ₹9.3 crore in Q1FY26, with a strong PAT margin of 18.9%, highlighting significant profitability expansion.

Commenting on the Results

Mr. Pratik Singhvi – Chairman & Managing Director said, “We delivered a highest-ever quarterly revenue in Q1 FY27, growing 60% YoY to ₹103 crore, EBITDA increasing 25% YoY to ₹29 crore and PAT rising 116% YoY to ₹20 crore. The quarter was driven by healthy demand across residential and commercial segments, supported by our growing portfolio of differentiated decorative surface solutions and deeper engagement with architects, designers and channel partners.

While elevated raw material costs, and geopolitical uncertainties continued to impact global supply chains, our focus on value-added products, improved product mix and operating efficiencies enabled us to deliver healthy profitability. We remain focused on sustaining margins through premiumisation, scale benefits and disciplined execution.

The integration of URO Veneer World and Chawla Brothers is progressing well and has significantly strengthened our market reach across South and North India. Supported by a debt-free balance sheet and healthy internal accruals, we remain well positioned to capitalize on growth opportunities, unlock integration synergies, deepen market penetration and deliver sustainable long-term.”

About Euro Pratik Sales Ltd:

Euro Pratik is one of India’s leading and largest organized brands in the Decorative Wall Panel and Laminates industry, holding a market share of over 16% in the organized wall panel segment. Known for its design-driven approach, the company has launched over 113+ product catalogues, offering 30+ product categories and 3,000+ designs that are sustainable, antibacterial, antifungal, and water-resistant. Operating through fixed asset-light business model with 36 contract manufacturers across India and abroad, Euro Pratik has built a strong distribution network spanning 138+ cities, around 198 distributors, and around 2,25,000 sq. ft. of warehouse space across India, ensuring wide market reach and operational efficiency. Driven by innovation and strategic growth, Euro Pratik has expanded its global presence through subsidiaries in the U.S., the UAE, and Europe, supported by strong financial fundamentals. With a proven track record, comprehensive product portfolio, collaborations with architects, interior designers, and furniture manufacturers,and a focus on sustainable design, Euro Pratik continues to strengthen its position as a pioneer in decorative wall solutions across domestic and international markets.

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KuCoin Strengthens Its RWA Ecosystem with Ondo Tokenized Stocks on KuCoin Alpha

PROVIDENCIALES, Turks and Caicos Islands, Aug. 11, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced the integration of Ondo tokenized assets, marketed as “Ondo tokenized stocks,” into KuCoin Alpha. The integration provides eligible users across the KuCoin ecosystem with a streamlined way to access tokenized stocks and exchange-traded funds (ETFs) through the familiar KuCoin interface.

Through KuCoin Alpha, users can access supported Ondo tokenized stocks using funds held in their KuCoin accounts and trade them without navigating separate wallets or external onchain applications. By simplifying the user journey, the integration creates a more intuitive entry point to TradFi-linked onchain products while retaining the efficiency and flexibility enabled by blockchain-based infrastructure. The initial selection spans broad-market ETFs and leading companies across technology, semiconductors and digital finance, including widely followed products such as SPYon, NVDAon, MUon, SNDKon, and CRCLon.

The launch builds on the earlier integration of Ondo tokenized stocks into KuCoin Web3 Wallet. Together, the two integrations provide complementary pathways across the KuCoin ecosystem: an exchange-app experience through KuCoin Alpha and a self-custodial experience through KuCoin Web3 Wallet. This gives users greater flexibility in how they discover, access, and manage TradFi-linked onchain assets.

The expansion reflects the next stage in the development of onchain finance. Following the global adoption of stablecoins, tokenized real-world assets are emerging as another important asset category supported by blockchain infrastructure. Scaling this market will require more than asset issuance alone. It will also depend on trusted access infrastructure that connects products, liquidity and users through intuitive and widely accessible interfaces.

As traditional financial products increasingly move onchain, crypto platforms are evolving beyond venues for individual asset listings to become an important infrastructure for global onchain markets. By extending Ondo stocks across both its exchange-app and self-custodial environments, KuCoin is building a unified access layer for crypto-native assets, tokenized real-world assets and other TradFi-linked onchain products.

The integration marks another step in KuCoin’s strategy to build trusted infrastructure that connects traditional finance with the expanding onchain economy while making emerging financial products accessible through experiences users already understand.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

Disclaimer

The information is for corporate PR purposes only and does not constitute endorsement or investment advice.

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LX Pantos Strengthens Global ESG Leadership Through Its 2026 Sustainability Report

• Completes calculation and third-party verification of Scope 1 and 2 GHG emissions across Korea and key overseas operations
• Expands ESG disclosures to cover human rights, safety, working conditions, and training for global employees

SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ — LX Pantos (President & CEO: Lee Yong-ho) has released its 2026 Sustainability Report, highlighting progress in advancing ESG management across its domestic and global operations.

The report covers nine material ESG issues identified through a double materiality assessment, including climate change adaptation and mitigation, energy, eco-friendly logistics services, customer value management, human resources management, information security, risk management, business conduct, and new growth engines and business diversification.

A key highlight of this year’s report is the expanded reporting scope, which now includes global worksites. The expansion reflects LX Pantos’s strong international footprint and the growing scale of its overseas operations.

On the environmental front, the company calculated Scope 1 direct greenhouse gas emissions and Scope 2 indirect greenhouse gas emissions from its domestic operations and key overseas sites. Third-party verification further strengthened the reliability of its environmental disclosures.

In the social area, LX Pantos collected and analyzed employee data from nine subsidiaries in Europe, covering human rights and labor, occupational health and safety, working conditions, education, and career development.

In governance, the report highlights progress in Jeong-do Management, the company’s ethics- and compliance-based management philosophy. LX Pantos recorded zero significant legal violations related to anti-corruption and fair trade rules and achieved a 100% completion rate for Jeong-do Management training in 2025.

The report was prepared in accordance with the GRI Standards 2021 and references global ESG frameworks including SASB, the UN SDGs, the UNGC, and the TCFD. An independent third-party assurance agency verified the report for accuracy and reliability.

In 2025, LX Pantos also earned a Bronze rating from EcoVadis, a B rating from the Carbon Disclosure Project (CDP), LEED Gold certification for the MegaWise Cheongna Center, and an A+ rating under the Regional Social Contribution Recognition System administered by the Korean Ministry of Health and Welfare.

Commenting on the release of this report, Lee Yong-ho, President & CEO of LX Pantos said, “LX Pantos is further advancing its sustainability management by expanding the scope of ESG management beyond Korea to our overseas operations. Under our ESG vision, ‘Value Deliverer for People and the Planet,’ we will continue to communicate with stakeholders in a transparent manner.”

■ About LX Pantos

Established in 1977, LX Pantos is a leading global logistics provider headquartered in Korea. It delivers comprehensive logistics solutions across sea, air, rail, and contract logistics through a worldwide network spanning more than 40 countries.

Learn more about LX Pantos online and follow it on LinkedIn.

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Reap Goes Live on Hyperliquid with USDC funding capabilities

Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.

HONG KONG, Aug. 11, 2026 /PRNewswire/ — Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.

In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.

As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap’s own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.

For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.

“With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses.” said Harris Leow, Head of Product, Reap.

Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.

About Reap

Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.

Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.

Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.

More information about Reap can be found at reap.global.

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DeTect Awarded Contract to Supply MERLIN™ True3D® Bird Detection Radar to the Soekarno-Hatta Airport in Jakarta

The bird radar flight safety system will enhance the airport’s wildlife control program and provide real-time hazard risk alerts to air traffic control and airfield operations.

PANAMA CITY, Fla., Aug. 11, 2026 /PRNewswire/ — DeTect, Inc. has been awarded the contract to supply its MERLIN 7360 True3D Bird Detection Radar (BDR) to the Soekarno-Hatta Airport in Jakarta. MERLIN is the most advanced and widely used bird radar system with over 600 BDRs worldwide in aviation safety and bird protection applications. The MERLIN technology was originally developed for and is currently used by the U.S. Air Force and NASA for detection and alerting of hazardous bird and drone activity on an around airfields, with systems currently used by commercial airports in Canada, the EU, the Middle East, Africa and Asia.

The Jakarta system will include 7360 True3D radars at the ends of each of its two runways to provide full 3D 360-degree airfield and surrounding airspace, with automatic display and alerting of high-risk bird activity via monitors in the airport bird control team vehicles and at airfield operations and in the control tower. The system will be manufactured in the US, and the project will be managed by DeTect’s APAC Regional office in South Korea. DeTect’s CEO, Gary Andrews, said of this order, “We are gratified to have been selected by InJourney Airports to supply and support DeTect’s bird radar system technology at Soekarno-Hatta International Airport (CGK), one of Southeast Asia’s busiest airports.”

ABOUT DETECT INC:

DeTect is a fully integrated radar company founded in 2003 with research, engineering and manufacturing facilities and offices worldwide. DeTect products include MERLIN™ BDR, HARRIER™ Security and Surveillance Radars, DroneWatcher™ Counter- UAS systems, MERLIN Bird Monitoring and Mitigation Systems, HARRIER Aircraft Detection Lighting Systems, and HARRIER Beyond Visual Line-of-Sight radars.  Since 2003, DeTect has manufactured and commissioned over 1100 radar systems in the US, Canada, the UK, Europe, Africa, Asia and Australia and New Zealand.

Reference sites:  https://detect-inc.com/   

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MiTAC Computing Technology USA Corporation Announces Grand Opening of Expanded Newark Office to Drive U.S. Infrastructure Growth

NEWARK, Calif., Aug. 11, 2026 /PRNewswire/ — MiTAC Computing Technology Corporation, a global leader in high-performance, energy-efficient server solutions and a subsidiary of MiTAC Holdings Corporation (TWSE:3706), announced the grand opening of its expanded Newark, California operations facility for MiTAC Computing Technology USA Corporation. The strategic expansion reinforces MiTAC’s investment in North American technology infrastructure, customer co-innovation, and long-term enterprise growth.

The upgraded facility strengthens MiTAC’s operational scale and engineering capabilities across four core centers of excellence:

• New Product Introduction (NPI) Unit: Purpose-built for advanced air- and liquid-cooling rack-scale architectures, enabling rapid prototype production and remote customer testing.
• Engineering Lab: Delivers comprehensive, end-to-end hardware and software system validation for enterprise AI and cloud workloads.
• Customer Experience Center (CEC): Connects hyperscale and enterprise clients directly with MiTAC’s latest full-stack, server-to-cluster infrastructure.
• Service Center: Provides dedicated post-deployment technical support, lifecycle management, and field services.

“This new facility reflects MiTAC’s ongoing commitment to deepening our footprint alongside our U.S. customers and ecosystem partners,” said Raymond Huang, General Manager of MiTAC Computing Technology USA Corporation. “With this expansion, we directly deliver localized engineering, testing, validation, and failure analysis (FA) to strengthen our U.S. sales and manufacturing operations. By pairing localized support with our advanced manufacturing heritage, this expansion establishes a collaborative hub to accelerate time-to-market for next-generation data center infrastructure. We look forward to the opportunities it will create for regional innovation and partnership.”

The opening ceremony brought together civic leaders, key customers, strategic industry partners, and community representatives for an official ribbon-cutting, executive networking, guided facility tours, and interactive demonstrations showcasing MiTAC’s end-to-end systems engineering capabilities.

MiTAC was honored to welcome Newark Mayor Michael Hannon—who delivered remarks and presented a certificate on behalf of the city—alongside Newark City Council Member Eve Marie Little, City Manager David Benoun, Community Development Director Steven Turner, Deputy Economic Development Director Angela Tsui, and Lily Mei Newark Chamber of Commerce CEO.

MiTAC Computing Technology USA Corporation extends its sincere gratitude to Mayor Hannon, our distinguished city guests, valued customers, strategic partners, and event sponsors—AMD, Micron, SanDisk, TDS, and D&H—for their support and shared commitment to driving innovation across the AI landscape.

About MiTAC Computing Technology USA Corporation

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corporation (TWSE:3706), delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methodologies to ensure uncompromising quality—across barebones, systems, rack-scale architectures, and cluster-level deployments—fully achieving performance and integration.

MiTAC Computing Technology USA Corporation is dedicated to delivering innovation, performance, and dedicated service to customers and partners across North America.

MiTAC Computing Technology Corporation website: https://www.mitaccomputing.com/

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Manulife Appoints Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth to Advance Growth Strategy Across Key Markets

HONG KONG, Aug. 11, 2026 /PRNewswire/ — Manulife announced the appointment of Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth, effective immediately.

Mr Young has served as Interim Chief Distribution Officer since March, providing strong leadership while advancing Manulife’s distribution strategy and deepening broker engagement across key markets. In his new role, he will be responsible for leading Manulife’s International Brokerage business globally, driving growth across Hong Kong, Singapore, the Middle East and other markets, and further strengthening broker partnerships and distribution capabilities.

“We are delighted to welcome Jeremy to this important role,” said Bonnie Qiu, CEO, Global High- Net-Worth and Chief Partnership Distribution Officer, Manulife Asia. “GHNW remains a core pillar of Manulife’s strategy, and we will continue investing in our capabilities, products and partnerships to help meet the evolving needs of high-net-worth clients. Jeremy’s leadership will enhance our ability to serve this market and capture the significant opportunities ahead.”

Mr Young brings more than 20 years of insurance leadership experience across distribution, sales, marketing, product strategy and customer experience. Before joining Manulife, he was Chief Commercial Officer, Global, at Transamerica Life Bermuda. He previously held senior leadership roles with Sun Life, AIA and Sovereign.

The appointment reinforces Manulife’s commitment to strengthening its Global High-Net-Worth platform and serving the evolving needs of high-net-worth clients across Asia, the Middle East and other international markets. With his deep industry expertise, international perspective and strong commercial leadership, Mr Young is well positioned to lead Manulife’s International Brokerage business into its next chapter.

For media enquiries, please contact: 

Alice Li

Chief Communications Officer, Manulife Hong Kong & Macau

Alice_SM_Li@Manulife.com 

About Manulife 

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

ERAM Holdings Appoints Alok Kumar as CEO to Lead Human Capital Management Business in India

NEW DELHI, Aug. 11, 2026 /PRNewswire/ — ERAM Holdings, a leading diversified conglomerate headquartered in the Kingdom of Saudi Arabia, is pleased to announce the appointment of Alok Kumar as Chief Executive Officer – ERAM HCM India.

With over 25 years of leadership experience across staffing, workforce management, executive search, skilling, and international talent mobility, Alok Kumar is widely recognised as one of the industry’s leading professionals. Prior to joining ERAM Holdings, Alok served as the Chief Executive Officer of NSDC International. Working under the aegis of the Ministry of Skill Development & Entrepreneurship, Government of India, he played a key role in advancing the Government’s vision of positioning India as a trusted global talent partner by creating structured international mobility pathways and strengthening partnerships across Europe, the Middle East, and the Asia-Pacific region.

As part of its long-term growth strategy, ERAM Holdings is significantly expanding its Human Capital Management (HCM) business across India and global markets. The Group aims to build a Tech enabled integrated platform offering staffing and workforce management, executive search, international talent mobility, recruitment process outsourcing (RPO), HR consulting, payroll solutions, and talent advisory services, serving clients across multiple industries and geographies.

In his new role, Alok Kumar will lead the strategic growth of ERAM’s Human Capital Management business, driving domestic and international expansion, developing global talent partnerships, and creating innovative workforce solutions that address the evolving needs of employers worldwide.

Welcoming Alok Kumar to the organisation, the COO of ERAM Holdings, Mr. Madhu Krishnan, said: “We are delighted to welcome Alok Kumar to the ERAM family. His exceptional leadership, deep understanding of the staffing, skilling, and workforce management ecosystem, and proven ability to build businesses at scale make him the ideal leader to drive our Human Capital Management vision. His global perspective and extensive experience in talent mobility will play a pivotal role as we strengthen ERAM’s position as a trusted partner for workforce and human capital solutions across India and international markets.”

Speaking on his appointment, Alok Kumar said: ” Human capital is becoming one of the most powerful engine of economic development globally, and ERAM is unique positioned to build an integrated platform connecting talent, employers, and opportunities across borders. I am thrilled to be a part of its growth journey and look forward to partnering with the leadership team to build a world-class Human Capital Management business that creates value for clients, empowers individuals, and drives sustainable economic growth.”

About ERAM Holdings:

Founded in the early 1990s and headquartered in the Kingdom of Saudi Arabia, ERAM Holdings is a globally diversified business conglomerate with operations spanning the Middle East, India, Europe, Africa, Southeast Asia, and North America. Over the past three decades, the organization has built a strong legacy across sectors including Oil & Gas, Engineering & Construction, Manufacturing, Industrial Services, Healthcare, Information Technology, Education, Travel & Tourism, and Human Capital Solutions. With a reputation for innovation, operational excellence, and trusted partnerships, ERAM Holdings continues to deliver sustainable value to clients across industries and geographies.

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GIGABYTE Announces the Availability of AORUS GeForce RTX™ 50 INFINITY Series Graphics Cards

TAIPEI, Aug. 10, 2026 /PRNewswire/ — GIGABYTE, the world’s leading computer brand, announces the availability of the AORUS GeForce RTX™ 5080, RTX™ 5070 Ti, and RTX™ 5070 INFINITY graphics cards. Designed for enthusiasts seeking uncompromised performance and refined aesthetics, the new lineup combines the WINDFORCE HYPERBURST cooling system with a double flow through design, patented Hawk fans, and an intelligent Overdrive Fan to maximize cooling efficiency. These models also feature a STEALTH-compatible hidden power connector design for cleaner cable management, while the signature RGB Halo lighting enables users to personalize their builds. Joining the lineup is the AORUS GeForce RTX™ 5080 INFINITY WOOD, blending wood-grain elements with premium craftsmanship for a distinctive PC aesthetic.

The WINDFORCE HYPERBURST is an advanced cooling system engineered for the AORUS INFINITY Series. The double flow through design creates an unobstructed cooling path by allowing airflow to penetrate through both sides of the backplate, significantly improving heat dissipation. Combined with GIGABYTE’s patented Hawk fans, which increase air pressure by up to 53.6% and air volume by up to 12.5%, the cooling system delivers efficient thermal performance with low noise. An intelligent Overdrive fan, positioned at the center of the graphics card, automatically activates during intensive workloads to provide additional airflow and sustain peak performance.

To further elevate the PC building experience, the new INFINITY models relocate the power connector to the rear side of the graphics card, allowing cables to be routed neatly behind the chassis for a cleaner, clutter-free appearance. A magnetic cover plate conceals the connector, creating a sleek and minimalist finish. Together with the iconic RGB Halo and outer light ring, users can customize lighting effects or synchronize illumination with other compatible hardware to match their personal style.

Expanding the design philosophy of the INFINITY family, the AORUS GeForce RTX™ 5080 INFINITY WOOD is synchronized with GIGABYTE’s WOOD-themed motherboard lineup. Inspired by the warmth and texture of wood-grain elements, it brings premium materials into high-performance hardware, offering enthusiasts a unique way to build elegant, nature-inspired PCs. For more information on AORUS GeForce RTX™ 50 INFINITY Series graphics cards, please visit the official GIGABYTE website and check product availability with your local retailers and e-tailers.

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Lifespan Vision Ventures Leads Remedium Bio’s Series A Financing

Investment supports advancement of Remedium’s durable protein therapeutics platform toward first-in-human clinical development.

NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ — Lifespan Vision Ventures today announced that it is leading Remedium Bio, Inc.’s (“Remedium”) $10 million Series A financing and has completed the round’s initial closing, with participation from Eli Lilly and Company (“Lilly”) and HKX Capital. In connection with the financing, Harry Robb of Lifespan Vision Ventures has joined Remedium’s Board of Directors.

Remedium is developing durable protein therapeutics designed to enable controlled, long-lasting expression of therapeutic proteins following minimally invasive subcutaneous administration. The company’s approach harnesses adipocytes as a durable site for therapeutic protein production, with the potential to provide multi-year benefit and adjustable dosing for patients with chronic diseases.

The financing will support advancement of Remedium’s lead programs, continued platform expansion, and preparation for first-in-human clinical studies.

“Remedium has built a differentiated platform with the potential to address important limitations of chronic biologic therapy,” said Andrew Worden, Founding Partner of Lifespan Vision Ventures. “We are proud to lead the Series A financing and support the company as it advances its pipeline toward clinical development and expands the potential of its platform.”

“Lifespan Vision Ventures shares our belief that durable therapies have the potential to fundamentally improve the treatment of chronic disease,” said Frank Luppino, Chief Executive Officer of Remedium Bio. “We are excited to have them lead our Series A and to welcome Harry Robb to our Board as we advance our platform, expand our pipeline, and prepare for first-in-human clinical development.”

The financing follows recent progress across Remedium’s pipeline, strategic collaborations, and preclinical programs, and is expected to support key milestones demonstrating the breadth of its platform across cardiometabolic and other chronic diseases.

About Lifespan Vision Ventures

Lifespan Vision Ventures is a global venture capital firm investing in early-stage biotechnology companies developing breakthrough technologies to prevent and treat age-related diseases. The firm partners with visionary founders advancing science-driven solutions that promote healthy aging and extend human healthspan.

Contact: info@lifespanvision.com 

About Remedium Bio, Inc.

Remedium Bio is a biotechnology company driven by the belief that any disease can be cured. The company develops life-changing therapeutics for large unmet medical needs by advancing a revolutionary gene therapy platform that enables safe, effective, and durable delivery of therapeutic genes with simple post-treatment dose adjustment. Remedium’s proprietary Prometheus™ platform aims to replace many subcutaneously administered protein therapies with single-injection, adjustable gene therapies that offer long-lasting efficacy at a fraction of the cost. The company’s pipeline includes programs targeting endocrinology, immunology, neurology, and musculoskeletal diseases.

For more information, please visit www.remedium-bio.com or contact info@remedium-bio.com 

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