Rating- neutral; Glenmark- Licensing deal may boost the stock

LAST WEEK, Glenmark announced that its subsidiary, Ichnos Sciences, had entered a licensing agreement for the OX-40 antagonist, Telazorlimab (ISB 830), with Astria Therapeutics. Astria will take over the product’s development and hold global rights, aiming to create a next-generation Telazorlimab with 10x higher potency. In return, Ichnos expects to receive $320 million in upfront and milestone payments, along with potential low-double-digit royalties on sales, though the majority of these payments are likely to be received in the later stages of the agreement, with limited near-term financial impact. Come from Sports betting site VPbet

Telazorlimab (ISB 830) is an OX-40 antagonist designed for auto…

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Defence stocks in focus amidst global uncertainty- Is it an opportunity for invest-

In the aftermath of ongoing geo-political disturbances, India’s defence sector has emerged as a beacon of strength. While the stock markets have been grappling with the uncertainties of post-war repercussions, a handful of defence stocks have defied the trend, presenting a unique opportunity forinvestors.

This surge in defence stocks can be attributed to a series of strategic moves and developments within the Indian defence sector. The ‘Make in India’ initiative, which aims to bolster domestic manufacturing capabilities and reduce dependence on foreign arms, has played a pivotal role. Several high-profile deals, ranging from technology transfers to arms manufacturing, have contributed to the strengthening of India’s defence system, further fueling inv…

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Bulls may stay put in the ring

The party on Dalal Street is going on in full blast and the lights aren’t expected to dim anytime soon. Consider this: The Indian stock markets returned around 20% in 2023 — the fourth highest in the past decade — and experts see this trend continuing in the new year.

Both domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) contributed almost equally to the surge — Rs 1.8 trillion and Rs 1.7 trillion ($21 billion), respectively. This is in sharp contrast with 2022, when DIIs did all the heavy lifting by investing Rs 2.7 trillion, as FIIs pulled out Rs 1.2 trillion ($17 billion). This gives experts such as Shankar Sharma hope about the future. The founder of GQuant says he remains optimistic about the direction of the market irrespective of …

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John Carpenter Suggests Dead Space Movie Is In The Works, But He Isn't Involved

Filmmaker John Carpenter has seemingly confirmed a Dead Space movie is in development but has denied being involved.

Last year, the horror movie director discussed his love for video games and how more games are being adapted to movies, saying that he would be interested in directing a Dead Space movie as he enjoyed playing the games. Come from Sports betting site VPbet

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Apex Legends Dev Respawn Talks Microtransactions And Keeping The Business Healthy

As a free-to-play game, Apex Legends sells various cosmetic items, which in turn have helped publisher Electronic Arts make billions from microtransactions. The free-to-play/microtransaction model has its share of critics, and now developer Respawn has weighed in to explain how it approaches monetization in the battle royale game.

Respawn’s Ryan Rigney shared an update from the Apex Legends studio’s “monetization guy” as part of a recent Reddit AMA (via Eurogamer). Pricing is “tricky,” the developer said, and it’s an element of the game that the studio is thinking about “constantly.”Come from Sports betting site VPbet

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Evolution Gaming Group Strengthens Presence In Africa After Partnering With Kiron Interactive

Evolution Gaming Group, a live casino supplier based in Sweden, is pleased to reveal that it has entered into an alliance with Kiron Interactive. The main objective of the agreement is distribution of Evolution content in online and retail markets across Africa using Betman, a proprietary software developed by Kiron Interactive.

Strengthening its presence:

With this partnership, Evolution hopes to further solidifies its presence in Africa and attract an additional number of clients. Examples of content that will be integrated by Kiron Int. includes the flagship portfolio of much-loved games from its Nolimit City, Big Time Gaming, Ezugi, Red Tiger, NetEnt and Evolution brands.

On a related note, the agreement will ta…

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Everygame Poker Rewards Players With 10 Free Spins On New Betsoft’s “April Fury and the Chamber of Scarabs” Slot

From August 31st to September 3rd, Everygame Poker is awarding its slot players who have deposited at least once in the past with 10 free spins on Betsoft’s newest slot called April Fury and the Chamber of Scarabs. But that’s not all; because with these free spins players can earn up to $250 and they will be credited instantly when they log into the game.

Description of included game:

Officially released on August 31st, April Fury and the Chamber of Scarabs is an ancient Egyptian-themed slot, where players team up with April Fury in her quest for unique scarabs. The game takes place in a mystical chamber, where April stands on the left side of the reels and holds a torch. The soundtrack of the game complements the overall atmosphere and this slot may b…

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Pariplay® Enters Germany After Partnership With ZEAL

Pariplay®, a well-known division of NeoGames S.A., has entered into a partnership with ZEAL, a flagship online lottery operator based in Germany. The agreement includes the official integration of Wizard Games’, Pariplay®’s in-house studio, feature-packed content on the ZEAL platform.

Entering a new market:

With this partnership, Pariplay® hopes to enter Germany and to introduce its brand-new content to a new audience. Examples of the content that will be hosted on the aforementioned ZEAL platform include: the widely popular game Dragons of the North, with the company’s new series of games going live via the Pariplay®’s Fusion® over the next months. In addition, new titles are poised to make a splash in a positive directio…

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Okada Manila Reports 24% Revenue Decline In Q1 2024

Tiger Resort Leisure and Entertainment Inc, the Okada Manila casino resort operator, reportedly revealed the resort’s financial result for the first quarter of 2024. According to the operator’s filings made on 15 April, the landmark property in the Philippine capital experienced around 24 percent decline in gross gaming revenue generated in the quarter ending 31 March 2024.

24.1% Revenue Decline:

As reported by GGRAsia, Okada Manila casino resort generated a total of almost PHP8.78 billion (US$154.0 million) over the first quarter of 2024, down from the PHP11.57 billion (US$200.0 million) recorded for the same period of 2023. The overall decline of 24.1% yearly is weighted over the casino’s gaming segments to reportedly record a 5…

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พลิกโฉม! Jet Set Radio ภาคใหม่ยืนยันว่าจะเป็นรูปแบบโอเพนเวิลด์

เปิดตัวอย่างเป็นทางการเรียบร้อยแล้วสำหรับเกมJet Set Radioภาคใหม่ที่เป็นส่วนหนึ่งของแผนงานPower Surgeโครงการใหม่ของ SEGA ซึ่งมีแผนที่จะคืนชีพเกมดังในเครือจำนวนมากรวมไปถึงเกมอย่าง Golden Axe และ Streets of Rage ในเวอร์ชันสามมิติ โดยในส่วนของเกมแอ็กชันสไตล์วัยรุ่นสุดจ๊าบนี้ก็จะพบว่ามีตัวละครหลักอ�…

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