Latest news with #Visby
Yahoo
5 days ago
- Health
- Yahoo
Visby Medical secures $55m to expedite launch of women's sexual health test
Visby Medical has secured around $55m in its latest funding round, with the potential of reaching $65m, aiming to accelerate the launch and distribution of its at-home women's sexual health test. The test recently received authorisation from the US Food and Drug Administration (FDA). Spearheaded by Catalio Capital Management, the round also saw participation from current investors such as Cedars Sinai Medical Center, ND Capital, Blue Water Life Science Advisors, John Doerr and Pitango Ventures. The test claims to be the first single-use, disposable polymerase chain reaction (PCR) diagnostic that provides results in under 30 minutes via a connected smartphone app. This technology not only improves healthcare accessibility but also maintains patient privacy. The product is set to be available to consumers as of next month through direct-to-consumer channels. Visby also announced that Catalio partner Isaac Ro will join its board as an observer. Moreover, Chuck Alpuche, who currently serves as the chief operating officer (COO) at Imperative Care, will join as an independent director to the board of Visby. Visby Medical CEO and founder Adam de la Zerda said: "We are excited to partner with Catalio Capital Management, a true industry powerhouse, as we advance our mission to transform healthcare through rapid and convenient at-home diagnostics that deliver the same accuracy as traditional PCR machines. "This funding round will enable Visby to deliver on our vision of empowering consumers with reliable and lab-accurate health information from the comfort of their homes, starting with our at-home test for sexually transmitted infections (STIs) for women." Founded in 2012, Visby focuses on infectious disease diagnosis, enabling both physicians and patients to test for infections with lab accuracy. The company's portfolio includes the tests cleared by the US regulator for STIs for point-of-care and home use, as well as for respiratory infections such as Covid-19, flu A, and flu B. Earlier this year, the FDA granted 510(k) clearance and a Clinical Laboratory Improvement Amendments (CLIA) waiver for Visby's PCR test to detect respiratory infections. "Visby Medical secures $55m to expedite launch of women's sexual health test" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
02-06-2025
- Business
- Malaysian Reserve
Visby Management Reiterates Superior Offer to LCL Resources
Total Cash Consideration of AUD $15 Million + 1% NSR Visby Urges Shareholders to Reject Tiger Gold Proposal MEDELLIN, Colombia, June 2, 2025 /PRNewswire/ — Visby Management LLC ('Visby'), an international mine operator with operations in Colombia, would like to reiterate its superior, binding offer to acquire the Colombian assets of Los Cerros Limited (ASX: LCL) ('LCL') and is urging LCL shareholders to vote against the proposed transaction with Tiger Gold Corporation ('TGC') at the AGM on June 9, 2025. Visby also encourages shareholders to communicate their support for Visby's proposal at the upcoming LCL public webinar to be held on June 5, 2025. Visby has submitted multiple binding offers to LCL to acquire the company's Colombian assets. In February 2025, Visby presented LCL with a superior offer and encouraged shareholders to vote against the latest TGC offer so that the company could consider it. Subsequently, 84% of shareholders at the February shareholder meeting voted against the TGC offer. Visby has since approached LCL with multiple offers superior to what TGC has offered but the LCL board has consistently refused to engage in discussions or allow shareholders to evaluate Visby's superior offers. Despite a clear message from shareholders in February, the LCL board is again recommending shareholders vote in favor of TGC at the upcoming June 9, 2025 AGM. In hopes of getting support from understandably disgruntled shareholders, LCL scheduled a webinar for June 5, 2025 to presumably persuade shareholders on the TGC sale option. Upon learning of the webinar, Visby requested the opportunity to present its offer to shareholders in this same forum. The LCL board refused Visby's offer. So that shareholders may make the most informed vote at the upcoming AGM, Visby would like to reiterate the following points: The proposed TGC transaction is an option with only AUD $1m upfront, as LCL has stated on multiple occasions, and there is no guarantee TGC will deliver on the second payment due in eight months. Despite an intentional lack of clarity from LCL's board, the TGC option does require shareholder approval. The TGC agreement may be binding, but only as long as shareholders approve it. With these points in mind, Visby would like to reiterate its binding AUD $15 million offer which includes: Upfront payment of AUD $7.5 million (proof of funds available) AUD $7.5 million on first gold pour 1% NSR Visby is an experienced mine operator which has built successful open pit gold mines in Colombia. Any shareholder who would like to discuss Visby's credentials is welcome to contact us at the email below. Given that approval of the TGC option requires shareholder approval, Visby encourages shareholders to vote in their best interest at the upcoming AGM and reject the TCG proposal so that Visby's superior option is considered. ContactPresidentRoy Ostrom IIIVisby Managementinfo@ Photo:
Yahoo
04-05-2025
- Yahoo
Sweden's Stealth Navy: Visby Corvettes and Gotland Submarines
Sweden favors stealth over brute force—and nowhere is that more apparent than in its two naval marvels: the Visby-class corvette and the Gotland-class submarine. Engineered for one of the most complex maritime environments in the world, these platforms embody the Swedish Navy's philosophy of striking silently, surviving unpredictably, and defending decisively. The Visby-class corvette is one of the most radar-evading warships ever built. Its angular, carbon-fiber hull dramatically reduces its radar cross-section, while integrated weapons and sensors help it operate undetected in littoral zones. Despite its sleek profile, the Visby is packed with anti-submarine, anti-ship, and mine warfare capabilities—tailored for the Baltic's tight, shallow waters. Beneath the surface, the Gotland-class submarine is a master of silent operations. It was the first operational sub to feature air-independent propulsion (AIP), allowing it to remain submerged for weeks without surfacing. Its quiet diesel-electric engines and stealthy profile once allowed it to 'sink' a U.S. aircraft carrier during a training exercise—without ever being detected. Together, the Visby and Gotland represent a highly strategic blend of innovation and geography. They're not built to dominate oceans—they're built to disappear in narrow seas and reappear with deadly precision. Quiet, agile, and nearly invisible—this is Sweden's naval edge.
Yahoo
18-04-2025
- Politics
- Yahoo
NATO's presence in a strategic sea it shares with Russia is about to get bigger
NATO has ramped up its presence in the Baltic Sea, sensing a threat from Russia. Countries that border the strategic waters are also ordering more vessels. The sea is important both to Russia and to NATO. NATO countries that share a strategically important sea with Russia have boosted their presence there and are buying more warships, as they eye Russia warily. Denmark, which sits at the mouth of the Baltic Sea, announced plans to buy dozens more ships amid rising threats in the Baltic and the Arctic. The Baltic Sea is a major trade and telecomms route that has seen increased patrols and alleged sabotages of undersea cables since Russia launched its full-scale invasion of Ukraine in February 2022. Many European officials say they believe Russia is behind the severing of cables. Lithuania, which borders Russia and the sea, announced this month that it is buying two new attack boats. Poland is also building new frigates and is planning to buy submarines. Estonia, which has only eight ships and one of the world's smallest navies, aims to purchase up to 12 new vessels. Sweden, which joined NATO after Russia invaded Ukraine, is also procuring four more surface vessels. Much of Sweden's military was designed with a fight against Russia in mind, and it has even issued its citizens a booklet advising them about how to prepare for such a war. Pål Jonson, Sweden's defense minister, told BI in February that Sweden is "in the process also of procuring four new surface vessels," saying they will "be significantly bigger" than its existing Visby class corvettes. Bryan Clark, a naval operations expert at the Hudson Institute who served on the US Navy headquarters staff, said the vessels, combined with Sweden's submarines, would be "very useful for closing off the Baltic Sea if they wanted to, using the combination of the submarines and those surface combatants." The Swedish Defence Materiel Administration said last year that two of the ships were planned to be delivered to the Swedish Armed Forces in 2030. The country's admission to NATO boosted the alliance's maritime presence, particularly in the Baltic Sea, which is flanked by countries including Sweden, Finland, Russia, Estonia, Latvia, Lithuania, and Poland. Russia's naval presence in the Baltic as of December 2023 included one attack submarine, five guided missile destroyers, one guided missile frigate, and 35 smaller ships, according to the Carnegie Endowment for International Peace. However, Russia moves its naval assets around, changing what is based in each port. Many alliance members have started calling the Baltic the "NATO Sea," after Sweden and neighboring Finland joined NATO. Sweden brings submarine capabilities that few other NATO members in the region have. Estonia, Latvia, Denmark, Finland, and Lithuania have no submarines, while Poland has just one. Sweden's submarines are also well suited for the Baltic Sea in particular, according to naval warfare experts. Steven Horrell, a former US naval intelligence officer and now a warfare expert at the Center for European Policy Analysis, told BI that Sweden's small and quiet submarines are perfect for a sea with "smaller inlets, small islands, small shallow waters." Jonson said Sweden could bring "unique capabilities" to NATO's operations in the Baltic Sea, underwater and on the surface. Sweden also knows the sea well: Jonson described operating there as "something we've been doing for hundreds of years, and we like to think that we know the Baltic Sea inside out." He said "a lot of things" were being done to protect critical infrastructure on the seabed, adding that Sweden was using its own navy and coast guard, but NATO had also stepped up its efforts. Sweden is part of NATO's Baltic Sentry operation, which has put more ships and control vessels in the sea. But Jonson said more could be done. Sweden's defense minister warned last year that, even though Russia's forces were "tied up" in Ukraine, "We cannot rule out a Russian attack on our country." In addition to boosting defense spending, Sweden is giving Ukraine its biggest-ever support package this year, worth about $1.6 billion. Jonson described that as a message to its allies: "We have to all step up and provide more assistance to Ukraine." He called supporting Ukraine "the right thing to do and the smart thing to do because it's really also an investment into our own security because the stakes before us are enormous." Read the original article on Business Insider
Yahoo
18-04-2025
- Politics
- Yahoo
NATO's presence in a strategic sea it shares with Russia is about to get bigger
NATO has ramped up its presence in the Baltic Sea, sensing a threat from Russia. Countries that border the strategic waters are also ordering more vessels. The sea is important both to Russia and to NATO. NATO countries that share a strategically important sea with Russia have boosted their presence there and are buying more warships, as they eye Russia warily. Denmark, which sits at the mouth of the Baltic Sea, announced plans to buy dozens more ships amid rising threats in the Baltic and the Arctic. The Baltic Sea is a major trade and telecomms route that has seen increased patrols and alleged sabotages of undersea cables since Russia launched its full-scale invasion of Ukraine in February 2022. Many European officials say they believe Russia is behind the severing of cables. Lithuania, which borders Russia and the sea, announced this month that it is buying two new attack boats. Poland is also building new frigates and is planning to buy submarines. Estonia, which has only eight ships and one of the world's smallest navies, aims to purchase up to 12 new vessels. Sweden, which joined NATO after Russia invaded Ukraine, is also procuring four more surface vessels. Much of Sweden's military was designed with a fight against Russia in mind, and it has even issued its citizens a booklet advising them about how to prepare for such a war. Pål Jonson, Sweden's defense minister, told BI in February that Sweden is "in the process also of procuring four new surface vessels," saying they will "be significantly bigger" than its existing Visby class corvettes. Bryan Clark, a naval operations expert at the Hudson Institute who served on the US Navy headquarters staff, said the vessels, combined with Sweden's submarines, would be "very useful for closing off the Baltic Sea if they wanted to, using the combination of the submarines and those surface combatants." The Swedish Defence Materiel Administration said last year that two of the ships were planned to be delivered to the Swedish Armed Forces in 2030. The country's admission to NATO boosted the alliance's maritime presence, particularly in the Baltic Sea, which is flanked by countries including Sweden, Finland, Russia, Estonia, Latvia, Lithuania, and Poland. Russia's naval presence in the Baltic as of December 2023 included one attack submarine, five guided missile destroyers, one guided missile frigate, and 35 smaller ships, according to the Carnegie Endowment for International Peace. However, Russia moves its naval assets around, changing what is based in each port. Many alliance members have started calling the Baltic the "NATO Sea," after Sweden and neighboring Finland joined NATO. Sweden brings submarine capabilities that few other NATO members in the region have. Estonia, Latvia, Denmark, Finland, and Lithuania have no submarines, while Poland has just one. Sweden's submarines are also well suited for the Baltic Sea in particular, according to naval warfare experts. Steven Horrell, a former US naval intelligence officer and now a warfare expert at the Center for European Policy Analysis, told BI that Sweden's small and quiet submarines are perfect for a sea with "smaller inlets, small islands, small shallow waters." Jonson said Sweden could bring "unique capabilities" to NATO's operations in the Baltic Sea, underwater and on the surface. Sweden also knows the sea well: Jonson described operating there as "something we've been doing for hundreds of years, and we like to think that we know the Baltic Sea inside out." He said "a lot of things" were being done to protect critical infrastructure on the seabed, adding that Sweden was using its own navy and coast guard, but NATO had also stepped up its efforts. Sweden is part of NATO's Baltic Sentry operation, which has put more ships and control vessels in the sea. But Jonson said more could be done. Sweden's defense minister warned last year that, even though Russia's forces were "tied up" in Ukraine, "We cannot rule out a Russian attack on our country." In addition to boosting defense spending, Sweden is giving Ukraine its biggest-ever support package this year, worth about $1.6 billion. Jonson described that as a message to its allies: "We have to all step up and provide more assistance to Ukraine." He called supporting Ukraine "the right thing to do and the smart thing to do because it's really also an investment into our own security because the stakes before us are enormous." Read the original article on Business Insider
