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AI startup Leucine nets $7M to level up Pharma manufacturing compliance to keep pace with drug innovation

Leucine

Pharmaceutical manufacturing is the lynchpin to getting drug innovation to people. While compliance protocols are key to ensuring the smooth operation of the industry, they are beset by processes that are not fit for purpose and are hindering their ability to deliver life-saving drugs faster. Suffocated by paper-based records and legacy systems, the large-scale manufacturing of drugs is being hampered. It’s little wonder that a staggering 2 out of 3 FDA warnings are for non-compliance related to procedures not being followed appropriately, unclear work instructions of methods, failure to review equipment usage logs, and lack of shared procedures between Quality Assurance and production departments. These matters are often missed and go unnoticed because of the conventional paper-based systems in the pharmaceutical industry. Helping to make pharmaceutical manufacturing compliant, safer, and faster, tech startup Leucine is today announcing a $7M series A funding round led by Ecolab Inc., a strategic investor, to scale its Compliance Cloud platform globally. This round also saw participation from all existing investors, including Pravega Ventures, Axilor Ventures, Techstars, and angels. Vivek Gera, founder, and CEO of Leucine, commented: “Paper-based manufacturing records are the industry's achilles' heel, fueling not only regulatory nightmares but also ballooning production costs and inefficiencies. The legacy solutions are no better, with their extremely long implementation cycles and rigid, siloed applications that leave manufacturers in a lurch.” Leucine's Compliance Cloud serves as a digital twin of the pharma manufacturing shop floor, bringing real-time performance monitoring, compliance management, and actionable insights to the table. For pharma manufacturers, leveraging data can mean the difference between a successful batch and a costly recall. What differentiates Leucine from some of the legacy digitization tools is its AI-driven capabilities designed not only to digitize pharma manufacturing workflows faster but also to provide proactive insights that enable pharma companies to stay compliant and produce faster and in a cost-effective manner. Leucine's platform can be implemented in 8 weeks. This speed of implementation becomes possible because of the proprietary AI-enabled digital process builder based on Large Language Models (LLMs) that rapidly digitizes paper SOPs into execution-ready digital formats. "Our models are trained on a wealth of pharma data, which allows the platform to create custom workflows enriched with GxP compliance measures, enabling us to deliver unparalleled value at breakneck speed," added Vivek Gera. A batch execution procedure is the single most important document in pharma manufacturing. This rapid digitization capability reduces the digitization cycle of a batch record from 6-8 months to 3-5 days. Leucine is currently deployed at over 30 companies in over 300 pharma manufacturing facilities across 10 countries, including the US, India, Brazil, Mexico, UAE, and others. The company is today also announcing the beta launch of Leucine10x, a groundbreaking AI framework designed to serve as a co-pilot in pharmaceutical manufacturing processes. Leucine10x will revolutionize how decision-making is done in pharma manufacturing, enabling Production and Quality Assurance teams to achieve their organization goals with ease and confidence. Built on proprietary LLM technology, Leucine10x offers an army of AI co-pilots that perform highly specialized tasks such as digitizing paper-based SOPs, creating a digital twin of the shop floor, collaborating with Production Managers in creating dynamic production plans, thus ensuring on-time batch delivery. Most significant is their ability to speed up Root Cause Analysis (RCA) of deviations in the manufacturing process by quickly analyzing data, including text-based records, logs, and even staff interview transcripts, to identify potential issues or patterns that might not be readily apparent. Mustaq Singh Bijral, Co-founder and CPO of Leucine, said: "We're excited to share that Leucine10x is already operational in select customer facilities under a trusted tester agreement. The response has been incredibly positive, and due to high demand, we're currently enrolling new customers through a waitlist". The funding round will support Leucine in refining its AI capabilities and making its AI Co-pilot a trusted partner to the production and quality managers on the shop floor and in expanding its reach to more facilities and customers. “Vivek and Mustaq have been relentless in their mission to make pharma manufacturing safer. This latest funding round will enable Leucine to bring the power of LLMs and associated technologies to make significant advances in pharma manufacturing. We couldn’t be happier to support them in this quest” said Rohit Jain, Co-founder and Partner at Pravega Ventures. Pravega Ventures also invested in the Seed round of Leucine. Vivek Gera remarked: "We're just scratching the surface; our vision is to leverage AI and technology to bring safe medicine to patients across the world” About Leucine Leucine is at the forefront of digitizing pharmaceutical manufacturing, leveraging cutting-edge AI technologies to bring unprecedented efficiency and compliance to the shop floor. Our innovative solutions, from Batch Planning to Batch Release, aim to modernize traditional procedures, replacing paper-based records with a seamless, digital-first approach. Trusted by industry leaders, Leucine not only streamlines the manufacturing process but also delivers actionable insights through its AI-driven analytics dashboard, empowering pharma companies to produce safer and more effective medicines. Leucine is headquartered in New Jersey, United States. For more information, visit https://www.leucine.io/ About Pravega Ventures Pravega Ventures is an early stage Venture Capital fund that partners with passionate founders, who are leveraging technology to either disrupt existing markets or create new ones. Contact Details Leucine Sampada Bhootna +91 81458 07848 sampada.bhootna@leucinetech.com Company Website https://www.leucine.io/

October 16, 2023 09:00 AM Eastern Daylight Time

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BingX Launches Metaverse ZepetoX (ZTX) Coin and Price Prediction On Its Trading Platform

BingX

SINGAPORE - Media OutReach - 16 October 2023 - In a significant development for the cryptocurrency market, BingX, a leading digital asset exchange, has officially introduced the highly anticipated ZTX pair to its trading platform. The move comes as a result of a strategic partnership between BingX and Zepeto, the popular Minecraft-style game that has garnered widespread acclaim with over a billion downloads. Building on the foundation of BigTime(BIGTIME) prior success, this groundbreaking initiative marks ZepetoX's foray into the world of cryptocurrency. ZepetoX made its debut in the cryptocurrency market shortly after the launch of non-fungible tokens (NFTs) on August 28th. Since then, it has quickly gained traction, amassing a total trading volume of 400 million. One of the standout features of this project is its commitment to offering a unique gaming experience. Unlike traditional metaverse projects, it provides users with complimentary access to land, housing, and maps. As users enter the game, they unlock essential gaming features, offering them the potential to earn while playing. Furthermore, the project places a strong emphasis on identity features. Users' land functions as a customizable stage, allowing them to decorate it according to their preferences. Users can acquire and personalize land for free, even inviting friends to explore their creative spaces. Buy ZTX coins and invest on BingX first hand. The social dimension of the project is equally compelling. With four distinct zones encompassing Gaming, Art, Finance, and Fashion, users have the opportunity to engage in a variety of activities within their chosen zones. Stay tuned for price prediction and updates on the exciting developments in the world of cryptocurrency and gamefi from BingX. About BingX BingX is a leading cryptocurrency exchange offering spot, derivatives, grid, and copy trading services to users in over 100 countries and regions worldwide. With a user base of over 5 million, BingX facilitates connections between users, expert traders, and the platform itself in a secure and innovative manner. Contact Details BingX media@bingx.com Company Website https://bingx.com/en-us/

October 16, 2023 08:53 AM Eastern Daylight Time

GaleForceMedia Introduces AI-Assisted Media Buying & Planning

GaleForce Digital Technologies

Gale Force Digital Technologies has announced the development of a patent-pending AI technology for its media buying and planning platform, Gale Force Media. “We are thrilled to launch this new technology,” said Jen Williams, Vice President of Product Development at Gale Force. “This significant step forward represents our unwavering commitment to delivering cutting-edge solutions that empower our clients to achieve unprecedented success in the ever-evolving landscape of media advertising.” The new AI technology assists advertisers and agencies in determining effective media mixes by providing real-time recommendations based on a multitude of data points. The AI analyzes patterns, trends, and insights in local and national markets using internal and external databases to generate the most ideal options for media placements. Once the AI presents the results, Gale Force Media users have the flexibility to modify or accept the proposed media buy. Furthermore, the new technology will be able to parse much larger datasets than its human counterparts, allowing pattern recognition and planning on a scale previously unattainable. It is also capable of suggesting budget allocations, ad content type, content duration, and target KPIs per media channel. GaleForce's AI is built to continuously learn and improve based on data-driven assessments of its recommendations. About Gale Force Digital Technologies Headquartered in West Palm Beach, Florida, Gale Force Digital Technologies has been providing advanced media planning software, digital marketing tools, and other solutions since 2014. The products offered are GaleForceMedia, a media planning and buying tool; LocalForce, a local search management solution; ClickForce, a paid search advertising platform; SocialForce, a multi-platform management software for managing social profiles and scheduling posts; AdForce, a programmatic digital media buying solution; and ReForce, a proprietary review generation and reputation management platform. GaleForce is continually crafting and refining products to better serve its ever-growing client base. Contact Details Gale Force PR Department +1 866-233-8499 pr@galeforcedigital.com Company Website https://galeforcedigital.com/?utm_source=news_direct&utm_medium=pr&utm_campaign=gail

October 16, 2023 08:15 AM Eastern Daylight Time

Alamos Gold founder says "best days still lie ahead" after 20th anniversary

Alamos Gold Inc

Alamos Gold Inc (TSX:AGI, NYSE:AGI) President and CEO John McCluskey visits the Proactive London studio to speak with Thomas Warner on the occasion of the gold producer's twentieth anniversary. McCluskey gives an overview of how the business transformed itself from what he describes as a small Canadian penny stock to being a significant north American gold producer, starting with the securing of an option to purchase a major asset when gold was priced around $300 an ounce. Today, with gold at approximately $1,850 an ounce, the company boasts a production of over 2.5 million ounces of gold, generating nearly half a billion dollars in profit. Key acquisitions, such as the Young-Davidson and the Island Gold mines, have significantly bolstered the company's portfolio. McCluskey attributes Alamos Gold's success to efficient capital allocation, with returns averaging close to 14% over two decades. Looking ahead, the company aims to increase its production from 500,000 ounces a year to 800,000 ounces by 2028, focusing primarily on Canadian assets. McCluskey also shares his optimistic outlook on gold prices, citing potential macroeconomic factors that he believes may prove supportive. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

October 16, 2023 08:00 AM Eastern Daylight Time

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Tiziana Life Sciences reports six-month PET scan results for MS patients

Tiziana Life Sciences PLC

Tiziana Life Sciences Ltd (NASDAQ:TLSA) chief medical officer and chief operating officer Matthew Davis speaks to Thomas Warner from Proactive after the clinical-stage biopharmaceutical company announced an update on the company's progress in treating non-active secondary progressive multiple sclerosis (MS). The latest six-month PET scan data reveals improvements in five out of six patients, echoing the positive results from the three-month scans. This breakthrough aligns with the drug's hypothesis, as published in the Proceedings of the National Academy of Science, which suggests the drug works by stabilising the brain's innate immunity. From a business perspective, Davis suggests the findings are significant. In the US, there's no FDA-approved treatment for this specific MS type, affecting approximately 200,000 patients. Tiziana Life Sciences is gearing up for its phase 2a programme, focusing on PET change as a primary endpoint. Davis also highlights that he addressed the importance of targeting neuroinflammation in MS and Alzheimer's during a keynote speech in Milan this week. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 16, 2023 08:00 AM Eastern Daylight Time

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Volta Metals reveals third lithium pegmatite discovery in a month at Falcon West

Volta Metals Ltd

Volta Metals Ltd (CSE:VLTA) President and CEO Kerem Usenmez speaks to Thomas Warner from Proactive London after the Canadian lithium explorer announced the discovery of new lithium-bearing pegmatite at its Falcon West Lithium Project in Ontario. Usenmez explains that the discovery of lithium-bearing pegmatite is the third in around a month at Falcon West and that findings indicate high-grade, evolved pegmatites with potential for expansion. The company plans to commence drilling in November and is anticipating some lab results from channel samples very shortly. He goes on to reveal more about Volta's short-term plans for the work at Falcon West, before going on to highlight the more than 240 square kilometres of land in two emerging lithium belts in Northwestern Ontario. Usenmez emphasises the untapped potential of lithium exploration in Canada, promising several catalysts for the company in the near future. He concludes by saying that "there's a lot to uncover...now that we are finding more, we need to understand how big it is. There are a lot of catalysts lined up that we think are going to be good." Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

October 16, 2023 08:00 AM Eastern Daylight Time

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Allied Gold Corp CFO lays out ambitious expansion plans for African assets

Allied Gold Corp

Allied Gold Corp (TSX:AAUC) Chief Financial Officer Jason LeBlanc speaks to Thomas Warner from Proactive about the future of a business that describes itself as Africa's fastest-growing gold producer. LeBlanc explains that Allied Gold Corp is a newly public entity, having recently listed on the Toronto Stock Exchange. The company boasts a current production of 375,000 ounces of gold, with a market cap of around $1 billion. Leblanc highlights the company's ambitious growth plans, aiming to double its production to 800,000 ounces by 2029. By 2026, they anticipate a production increase to over 600,000 ounces, with projects spanning both West and East Africa. A recent financing of $267 million will be instrumental in achieving these growth targets. He explains that Allied Gold's assets are strategically located in Mali and Cote d'Ivoire, with a developmental asset in Ethiopia, and goes on to discucss the company's management, which is largely comprised of former executives from Yamana Gold. Leblanc considers the company to be undervalued by the market as present, suggesting a potential value of over $3 billion, compared to its current trading value of $1 billion. With a focus on optimising assets and bringing new projects to fruition, Allied Gold Corp is poised for significant growth in the coming years. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

October 16, 2023 08:00 AM Eastern Daylight Time

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IQGeo Group anticipating "much higher growth in software revenues"

IQGeo Group PLC

IQGeo Group PLC (AIM:IQG) chief executive Richard Petti and chief financial officer Haywood Chapman speak to Thomas Warner from Proactive after releasing the software developer's half-year report for the six months to 30 June 2023. Petti starts by addressing the Group's acquisition of fewer new clients compared to previous years, highlighting that the company's revenues surged by 123% to over £20mln, with 83% of that increase attributed to organic growth. Petti highlighted the success of their "land and expand" strategy, emphasising long-term relationships and continuous upselling to existing customers. Chapman confirms the successful integration of recent acquisition Comsof NV, which has enabled them to secure a significant contract with a tier-one national utility provider in southern Europe, valued at €8.6mln over six years. Petti also introduced their new "editions strategy" this summer, aiming to cater to the diverse needs of their customer base, ranging from global telcos to private network operators. This strategy offers three editions of their product, ensuring each customer type receives an experience tailored to their requirements. Addressing growth predictions, Chapman acknowledges a market forecast of 8% growth for the next year but emphasises a shift in their strategy that will focus on higher-margin software revenues, potentially leading to a 48% growth in their adjusted EBITDA. The duo remains optimistic about IQGeo's competitive edge and future growth prospects. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 16, 2023 07:56 AM Eastern Daylight Time

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News Release

Visionstate Corp. Announces Three-Year Contract with Bunzl Canada for Exclusive Distribution of WandaNEXT

Visionstate Corp.

New contract expected to double existing revenue in Canada Edmonton, Alberta - TheNewswire - October 16, 2023 - Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”), is pleased to announce that its wholly-owned subsidiary, Visionstate IoT Inc., has entered into a new three-year contract with Bunzl Canada Inc. (Bunzl Canada) for the exclusive distribution of the Company's proprietary WandaNEXT product. The agreement grants Bunzl Canada exclusive distribution rights for Canada, Australia, and the UK, while Visionstate IoT will handle direct sales into the U.S. utilizing its existing internal sales resources. The new contract represents a significant milestone for Visionstate IoT and is expected to double existing revenue associated with the exclusive distribution rights in the Canadian market. Furthermore, it opens new territories internationally, reinforcing the Company's commitment to expanding its footprint in the global facility-management sector. WANDA™, Visionstate's flagship product, is an application widely used across various industry sectors to monitor cleaning protocols and enhance overall efficiency in delivering building services. The technology has proven instrumental in elevating standards of cleanliness and operational excellence. Commenting on the milestone, John Putters, CEO of Visionstate Corp., stated, "We are thrilled to extend our partnership with Bunzl Canada and strengthen our position in the global market. This new three-year contract not only underscores the value of our product but also marks a significant step towards achieving our strategic objectives. We look forward to continuing to work in conjunction with Bunzl Canada to drive innovation and deliver cutting-edge solutions to our clients." The agreement includes revenue-sharing arrangements in the three distribution territories, fostering a mutually beneficial partnership between Visionstate Corp. and Bunzl Canada. The collaboration extends beyond distribution, as both companies work closely on the ongoing development and enhancement of the WandaNEXT platform. Visionstate leverages its expertise in innovative development, while Bunzl Canada contributes its extensive global distribution network for sales and marketing initiatives. “We are very excited about the new capabilities the next phase of our partnership with Visionstate will bring to our customers,” said Margo Hunnisett, Vice President, Marketing & Communications at Bunzl Canada. “Technology is transforming the cleaning industry and we are committed to continually positioning ourselves at the forefront, introducing innovations that empower our customers to be more efficient, more effective, and more sustainable.” About Visionstate Corp. Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences. Issued on behalf of the Board of Directors, “John A. Putters” Visionstate Corp. To learn more, please contact: Visionstate IoT Inc. Shannon Moore, President Email: shannon@visionstate.com Tel: 780-425-9460 CHF Capital Markets Kathy Chapman Email: kc@chfir.com Tel: 416-868-1079 x 234 Twitter: @visionstate Facebook: @visionstate LinkedIn: Visionstate Corp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

October 16, 2023 07:30 AM Eastern Daylight Time

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