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.

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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

Satellites Could Beam Poorest Nations out of Digital Desert

DOHA, QATAR — Only a third of people in the world’s poorest countries can connect to the internet, the U.N. telecoms agency said Sunday, but low-flying satellites could bring hope to millions, especially in remote corners of Africa.

Tech giants including Microsoft have pledged to help populations hobbled by poor internet services to “leapfrog” into an era of online connectivity, with satellites set to play a key role as rival firms send thousands of new generation transmitters into low level orbit.

At the moment just 36% of the 1.25 billion people in the world’s 46 poorest countries can plug into the internet, the International Telecommunication Union said. By comparison, more than 90 percent have access in the European Union.

The ITU condemned the “staggering international connectivity gap” that it said had widened over the past decade.

The divide has been a key complaint at a U.N. summit of Least Developed Countries in Doha, where UN Secretary-General Antonio Guterres told their leaders that “you are being left behind in the digital revolution.”

The digital dearth is particularly acute in some African countries, including the Democratic Republic of Congo, where barely a quarter of the population of nearly 100 million can connect.

While internet access is easy in major DRC cities such as Kinshasa, huge rural zones and swathes of territory battled over by rival rebel groups for more than two decades are digital deserts.

The launch of thousands of Low-Earth Orbit satellites could bring speedy change and boost African hopes, tech experts promised at the Doha summit.

‘Leapfrog other nations’

Satellite coverage will play a key role in Microsoft’s vow to bring internet access to 100 million Africans by 2025, which was outlined ahead of the summit.

Microsoft announced a first phase for five million Africans in December and last week added a commitment to cover another 20 million people.

The initial five million will be served by Viasat, one of the companies sending constellations of satellites into space to compete with land-based fibre broadband.

Elon Musk’s Space X and Starlink are also putting thousands of satellites into an orbit between 400 and 700 kilometers (250 to 430 miles) above Earth.

Microsoft president Brad Smith told AFP that when he first saw the 20 million figure proposed by his team last year, he asked “is this real?”, but that he was now convinced it is possible.

“The technology costs have come down substantially and will continue to drop,” he said. “That is part of what makes it possible to move this fast to reach this size of population.

“Countries in Africa have the opportunity to leapfrog other nations when it comes to the regulatory structure for something like wireless communications,” he added.

“We can reach many more people than we could with fixed line technologies five or 10 or 15 years ago.”

Bandwidth bonanza

Richer countries have already largely allocated the available bandwidth for telecoms and television.

“In Africa the spectrum isn’t being used and so it is available and the governments are moving faster to bring this connectivity to more people,” Smith said.

Microsoft is working with Africa telecoms specialist Liquid Intelligent Technologies to provide internet for the second segment of 20 million people.

Providing internet and digital skills training for thousands of Africans was part of an effort to provide a private-sector alternative to “foreign aid”, Smith said, declaring that “we are bullish on what we believe digital technology can do for development.”

But the Microsoft president acknowledged that the private sector is “woefully under-developed and under-invested” in many LDC economies.

Liquid Intelligent says it has 100,000 kilometers (62,000 miles) of land fibre across Africa but is building a major satellite footprint.

“In hard-to-reach areas,” said Nic Rudnick, its deputy chief executive, “satellite is often the only technology or the most reliable technology for fast broadband that always works.”

Source: Voice of America

Egyptian President and Visiting Iraqi PM Seek to Deepen Ties

CAIRO — Egypt’s President Abdel-Fattah el-Sissi held talks Sunday with Iraq’s prime minister in Cairo as the two countries seek to deepen ties and reinforce a regional alliance with Jordan.

Iraqi Prime Minister Mohammed Shia al-Sudani landed in the Egyptian capital and was greeted at the airport by his counterpart, Mustafa Madbouly. Al-Sudani and Madbouly inspected an honor guard and bands played the national anthems of the two countries.

The Iraqi premier then met with el-Sissi at the presidential palace. Their talks focused on economic cooperation and security ties between the two countries, according to Egyptian presidential spokesman Ahmed Fahmy.

Fahmy said in a statement that the two leaders also discussed regional issues, including their cooperation with Jordan. The statement did not elaborate. Foreign and trade ministers from both countries attended the talks, Fahmy said.

The trip marked al-Sudani’s first to Cairo since his Cabinet was approved by the Iraqi parliament in October, ending a yearlong political stalemate. Al-Sudani’s predecessor, former Iraqi Prime Minister Mustafa al-Kadhimi, had forged a close relationship with el-Sissi and King Abdullah II of Jordan.

El-Sissi traveled to Baghdad in June 2021, becoming the first Egyptian head of state to visit Iraq since the 1990s, when ties between the two countries were severed after Saddam Hussein invaded Kuwait.

Egypt, Iraq and Jordan have intensified their ties, with their leaders holding five summits since 2019, most recently at the Dead Sea in Jordan in December to discuss implementing strategic projects. Those include building gas pipelines between Iraq and Egypt through Jordan, and an industrial city on the Iraq-Jordan border, Egypt’s state-run Al-Ahram daily reported Sunday.

Al-Kadhimi has also sought to strengthen his country’s standing in the Middle East as a mediator capable of bringing even the staunchest of foes to the negotiating table. Baghdad recently hosted talks between Iran and Saudi Arabia that were focused on mending ties between the two regional foes, and on the war in Yemen.

Source: Voice of America

China Expands Defense Budget 7.2%, Marking Slight Increase

China announced Sunday a 7.2% increase in its defense budget for the coming year, up slightly from last year’s 7.1% rate of increase.

That marks the eighth consecutive year of single-digit percentage point increases in what is now the world’s second-largest military budget. The 2023 figure was given as 1.55 trillion yuan ($224 billion), roughly double the figure from 2013.

Along with the world’s biggest standing army, China has the world’s largest navy and recently launched its third aircraft carrier. According to the U.S., it also has the largest aviation force in the Indo-Pacific, with more than half of its fighter planes consisting of fourth or fifth generation models.

China also boasts a massive stockpile of missiles, along with stealth aircraft, bombers capable of delivering nuclear weapons, advanced surface ships and nuclear-powered submarines.

The 2-million-member People’s Liberation Army is the military wing of the ruling Communist Party, commanded by a party commission led by president and party leader Xi Jinping.

In his report Sunday to the annual session of China’s rubber-stamp parliament, Premier Li Keqiang said that over the past year, “We remained committed to the Party’s absolute leadership over the people’s armed forces.”

“The people’s armed forces intensified efforts to enhance their political loyalty, to strengthen themselves through reform, scientific and technological advances, and personnel training, and to practice law-based governance,” Li said.

Li touched on what he called several “major achievements” in national defense and military development that have made the PLA a “more modernized and capable fighting force.”

He offered no details but cited the armed forces’ contributions to border defense, maritime rights protection, counterterrorism and stability maintenance, disaster rescue and relief, the escorting of merchant ships and China’s draconian “zero-COVID” strategy that entailed lockdowns, quarantines and other coercive measures.

“We should consolidate and enhance integration of national strategies and strategic capabilities and step-up capacity building in science, technology and industries related to national defense.” That includes promoting “mutual support between civilian sectors and the military,” he said.

China spent 1.7% of GDP on its military in 2021, according to the World Bank, while the U.S., with its massive overseas obligations, spent a relatively high 3.5%.

Although no longer increasing at the double-digit annual percentage rates of past decades, China’s defense spending has remained relatively high despite skyrocketing levels of government debt and an economy that grew last year at its second-lowest level in at least four decades.

Li set a growth target of “around 5%” in his address, as he announced plans for a consumer-led revival of the economy still struggling to shake off the effects of “zero-COVID.”

While the government says most of the spending increases will go toward improving welfare for troops, the PLA has greatly expanded its overseas presence in recent years.

China has already established one foreign military base in the Horn of Africa nation of Djibouti and is refurbishing Cambodia’s Ream Naval Base that could give it at least a semi-permanent presence on the Gulf of Thailand facing the disputed South China Sea.

The modernization effort has prompted concerns among the U.S. and its allies, particularly over Taiwan, the self-governing island democracy that China claims as its territory to be brought under its control by force if necessary.

That has prompted a steady flow of weapons sales to the island from the U.S., including ground systems, air defense missiles and F-16 fighters. Taiwan itself recently extended mandatory military service from four months to one year and has been revitalizing its own defense industries, including building submarines for the first time.

In his remarks about Taiwan, Li said the government had followed the party’s “overall policy for the new era on resolving the Taiwan question and resolutely fought against separatism and countered interference.”

Along with Taiwan, tensions have been rising with the U.S. over China’s militarization of islands in the South China Sea, which it claims virtually in its entirety, and most recently, the shooting down of a suspected Chinese spy balloon over the U.S. east coast.

The huge capacity of China’s defense industry and Russia’s massive expenditures of artillery shells and other materiel in its war on Ukraine have raised concerns in the U.S. and elsewhere that Beijing may provide Moscow with military assistance.

Source: Voice of America