July 6, 2021 – Indonesia News Gazette

July 6, 2021

CoImmune, Inc. Appoints Michael Fekete and Greg Tibbitts to its Board of Directors

DURHAM, N.C., July 06, 2021 (GLOBE NEWSWIRE) — CoImmune, Inc., a clinical stage immuno-oncology company that will redefine cancer treatment using best-in-class yet more affordable cellular immunotherapies, today announced the appointments of Michael Fekete and Greg Tibbitts, to the Company’s board of directors. Mr. Fekete and Mr. Tibbitts bring with them a wealth of financial, capital markets and strategic expertise, and prior board level experience.

Mr. Fekete is an advisor and board member for companies in the pharmaceutical, biotechnology and medical device industries. His areas of expertise include business strategy, capital markets, M&A and corporate governance developed through 35 years as an investment banker, independent advisor and board member for U.S. and international public and private companies. He currently serves as a member for SeaSpine, Inc. (NASDAQ: SPNE), a California based medical technology company focused on surgical solutions for the treatment of spinal disorders, and DFB Pharmaceuticals, a Texas based, private investment and development company focused on the formation and building of businesses in the pharmaceutical industry. He previously worked as an investment banker for Wells Fargo/Wachovia Securities, CIBC World Markets, Oppenheimer & Co., and L.F. Rothschild, Unterberg, Towbin. He obtained his B.S. in Finance from The Pennsylvania State University.

Mr. Greg Tibbitts is a Certified Public Accountant and has over 30 years of experience as a financial executive and a public accountant. His expertise includes addressing technical accounting issues, multiple public and private equity financings, complex operations, and direct interactions with the SEC on IPO and secondary offerings. He has worked as a Chief Financial Officer for both public and private companies and now operates a business advisory firm. He served as a board member for IDMI Pharma, Inc., a NASDAQ listed biotech company prior to its acquisition. He obtained a B.B.A. in Accounting at University of San Diego and a M.B.A. at San Diego State University.

“We are excited to welcome Mike and Greg to the CoImmune board,” stated Dr. Charles Nicolette, chief executive officer and member of the board of directors. “These gentlemen bring considerable biotechnology industry and strategic expertise that will benefit CoImmune as we seek to advance our novel pipeline of cell-based immunotherapies directed at important diseases, including acute lymphoblastic leukemia and advanced renal cell carcinoma.”

About CoImmune, Inc.
CoImmune is a privately held, clinical stage immuno-oncology company that will redefine cancer treatment using best-in-class yet more affordable cellular immunotherapies. Our allogeneic CAR-CIK technology platform for liquid and solid tumors is a variation on CAR-T therapy that promises enhanced efficacy with greatly reduced toxicity. Our autologous RNA-loaded dendritic cell technology for solid tumors uses amplified total tumor mRNA to program highly engineered dendritic cells to generate immune responses against neoantigens without the need to identify them.

For more information, visit www.coimmune.com.

Contact:
Lori Harrelson
Chief Financial Officer
lharrelson@coimmune.com
919-287-6349

July 6, 2021

TRIO Completes Enrolment for Phase 2 Giredestrant Early Breast Cancer Trial Ahead of Schedule

58 Clinical Trial Sites, 11 Countries

EDMONTON, Alberta, July 06, 2021 (GLOBE NEWSWIRE) — Translational Research in Oncology (TRIO), a global academic clinical research organization, announced today enrolment completion in coopERA Breast Cancer (WO42133/TRIO038), a Phase 2 randomized, multi-center, open-label clinical trial of giredestrant (GDC-9545) sponsored by F. Hoffmann-La Roche. This comes shortly after completion of the planned study interim analysis provided encouraging results and supported continuation of the study.

Giredestrant is an oral selective estrogen receptor degrader (SERD) that was shown to be well tolerated with encouraging tumour activity both alone and in combination with palbociclib in estrogen-receptor positive (ER+) metastatic breast cancer patients.

The trial is investigating the ability to expand the safety and efficacy of giredestrant as monotherapy and in combination with palbociclib into the early breast cancer setting. Enrolment of 221 patients was completed three months ahead of schedule. The trial design evaluates the efficacy, safety, and pharmacokinetics of presurgical treatment with giredestrant plus palbociclib compared with anastrozole plus palbociclib for postmenopausal women with ER+ and HER2-negative untreated early breast cancer.

“To have patient enrolment completed three months ahead of schedule, despite the global pandemic, reinforces the strength of commitment of TRIO’s investigator network,” stated Dr. Vanesa Quiroga, a member of the trial’s Steering Committee, GEICAM and Catalan Institute of Oncology. “The scale of interest from patients further underlines the urgency to bring forward new treatment options to treat early stage breast cancer.”

More information on the coopERA Breast Cancer trial (WO42133/TRIO038/coopERA) can be found at clinicaltrials.gov (NCT04436744).

About TRIO
TRIO advances translational cancer research by introducing innovative and novel targeted therapeutic concepts into the clinical trial setting. With international offices in Edmonton (Canada), Paris (France), Montevideo (Uruguay), TRIO’s global reach is expansive. Our goal as an academic clinical research organization is to find the shortest path to saving lives. Additional information on TRIO can be found by visiting https://www.trioncology.org. Interested parties may also follow TRIO on Twitter (twitter.com/TRIOncology).

TRIO Media Inquiries:
Launa Aspeslet, PhD
CEO, TRIO
Email: launa.aspeslet@trioncology.org
Phone: 780-702-2260

July 6, 2021

The Globe and Mail’s Sophi.io Wins WAN-IFRA’s North American Digital Media Award

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail’s artificial intelligence-based automation, optimization and prediction engine, won WAN-IFRA’s 2021 North American Digital Media Award in the category of Best Paid Content Strategy. This is Sophi’s fourth award in the last month.

The North American Digital Media Awards honour news publishers that have delivered cutting-edge, unique and original digital media projects in the past year.

“Through the use of this [dynamic paywall] technology, The Globe and Mail truly understands its readers’ habits, leading to best practices in advertising and paid content, smartly adjusting their business strategy,” WAN-IFRA said when announcing the decision.

Phillip Crawley, CEO and Publisher of The Globe and Mail, said: “Winning a WAN-IFRA North American Digital Media Award for the second year in a row demonstrates Sophi’s ability to show the publishing industry what the future looks like. We are proud to be able to bring these AI and ML-powered tools to organizations across the globe.”

Sophi was developed by The Globe and Mail to help the newsroom make important strategic and tactical decisions. It is a suite of tools that includes Sophi Automation and Sophi for Paywalls as well as Sophi Analytics, a newsroom decision-support system.

Sophi is an artificial-intelligence system that helps publishers identify and leverage their most valuable content. It has powerful predictive capabilities – using natural language processing, Sophi Dynamic Paywall is a fully dynamic, real-time, personalized paywall engine that analyzes both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone.

As the North American award winner, Sophi is now a contender for the WAN-IFRA World Digital Media Awards, where the winners from North America, Latin America, Asia, Europe, Africa, India, and the Middle East compete.

About Sophi.io

Sophi.io (https://www.sophi.io) is a suite of AI-powered optimization and prediction tools developed by The Globe and Mail, Canada’s foremost news media company, to help content publishers make important strategic and tactical decisions. Sophi solutions range from Sophi Site Automation and Sophi for Paywalls to Sophi Analytics, a decision-support system for content publishers. Sophi is designed to improve the metrics that matter most to any business, such as subscriber retention and acquisition, engagement, recency, frequency and volume.

Contact

Jamie Rubenovitch
Head of Marketing, Sophi.io
The Globe and Mail
416-585-3355
jrubenovitch@globeandmail.com

July 6, 2021

Neology Strengthens Nordic Footprint with Norwegian Public Roads Administration by Deploying Advanced Mobile ANPR Solution for Safer Communities

Multi-year Agreement for Mobile Automatic Number Plate Recognition (ANPR) Solutions Support Road Safety and More Efficient Customs and Border Enforcement

Mobile ANPR Solution for Norwegian Public Roads Administration

Multi-year Agreement for Mobile Automatic Number Plate Recognition (ANPR) Solutions Support Road Safety and More Efficient Customs and Border Enforcement in Norway

SAN DIEGO, July 05, 2021 (GLOBE NEWSWIRE) — Neology, Inc., a global innovator that is re-imagining mobility for smart cities and safer communities, today announced an expanded, multi-year agreement with Norwegian Public Roads Administration (NPRA) for its traffic enforcement solutions driven by the latest in mobile ANPR camera and artificial intelligence (AI) technology to support real-time analytics and decision making.

Safeguarding the national road network and enabling border security agencies and their officers the capability to make accurate, informed decisions while keeping travel and trade flowing is the ultimate goal for NPRA. Neology’s ANPR safer community solutions provide enhanced performance, creating immediate impact where other solutions fail. The dual camera system, coupled with advanced AI-powered vehicle recognition technology, enables officers to detect and focus on non-compliant vehicles with enhanced vision system capabilities.

“We are thrilled that NPRA has expanded its partnership with Neology to meet its mobile ANPR requirements. Against a strong set of competitors, our solutions demonstrated both superior value and strong quality, plus our leading AI-based solutions outperformed our competitors in real-world testing during the tender evaluation stage,” said Luke Normington, General Manager of Neology. “When demands on transport authorities and law enforcement agencies are increasing, our innovative solutions help create safer, cleaner, more efficient mobility experiences that support sustainable growth and help communities thrive.”

About Neology, Inc.
Neology is re-imagining mobility to help our customers accelerate their vision for smart cities and safer communities. Our Mobility Platform™ is setting the industry standard through a unique combination of AI-powered adaptive solutions, a proven integration process, and unparalleled lifecycle support. Backed by a culture of innovation, our mobility experts work closely with global customers and a top-tier partner ecosystem to connect existing infrastructure assets with next-generation technology to modernize the way people move. To create safer, cleaner, more efficient mobility experiences, visit www.neology.net.

About NPRA
The Norwegian Public Roads Administration (NPRA) intends to lead the way in the development of an efficient, safe, comprehensive and coherent transport system adapted to tomorrow’s needs and technology. Our responsibility for national and European roads, as well as for road users and vehicles makes the NPRA the most prominent participant in the road transport sector in Norway. Accounting for two thirds of all traffic, our national and European roads make up the main transport system artery tying our country together. The NPRA is responsible for planning, building, operating and maintaining this part of the road network. We have national responsibility for emergency preparedness on the road as well as developing clear rules and standard specifications for smart transport and modern road construction for all roads. Through our work to supervise and inspect road users and vehicles, new technology and development of digital services, we will ensure that road users, businesses and industries have simple, efficient, safe and environmentally friendly transport options.

Neology Media Contact:
Kelly Foster
kelly@johnkellyfoster.com
+1 619-224-1261

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/78e279e1-6140-400f-859d-eac3d9b5c683

July 6, 2021

Rokan Block requires reliable power supply to strengthen oil industry

Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif believes that reliable power supply is crucial for the oil and gas Rokan Block working area, as it provides 25 percent of the national oil production.

“Rokan Block, operated by Pertamina Hulu Rokan, needs 400 megawatts of electricity and 335 thousand barrels of steam per day,” Tasrif stated here on Tuesday.

Rokan Block in Riau Province plays a significant role in the national oil and gas industry, he pointed out.

Rokan Block covers an area of 6,220 square kilometers with 96 oil fields, of which three — Bekasap, Minas, and Duri — contain abundant oil reserves.

The oil reserves potential in Rokan Block is expected to reach some two billion barrels and has become a reliable source for the government to achieve its target of one million barrels of oil production in 2030. The oil and gas block will be handed over from Chevron Pasific Indonesia (CPI) to PT Pertamina Hulu Rokan, as CPI’s production-sharing contract for the Rokan Block will expire on August 9, 2021.

In a bid to ensure power supply to Rokan Block, state-run electricity firm PT PLN has acquired 100 percent of the share in the 300-megawatt-capacity power plant operated by PT Mandau Cipta Tenaga Nusantara (MCTN).

“Through the acquisition, PLN will ensure reliable power supply. Hence, it would not affect production in Rokan Block,” he remarked.

PLN will divide power supply to the Rokan Block into two stages: the transition period and permanent period.

During the transition period, the company will utilize all equipment of MCTN to supply electricity to Rokan Block for the next three years.

PLN will connect the Rokan Block power system to a permanent Sumatra regional power system.

Source: Antara News

July 6, 2021

Indonesia mulling additional budget for economic recovery program

Jakarta (ANTARA) – Indonesian Vice President Ma’ruf Amin has said the government is mulling the possibility of expanding the budget for the National Economic Recovery (PEN) program.

“The government is mulling the possibility of increasing the budget for the PEN program,” Amin said while giving a public lecture on the LXII Regular Education Program (PPRA) and the XXIII Short Education Program (PPSA) of the National Resilience Institute (Lemhanas) for this year.

The additional budget for the economic recovery program is aimed at maintaining people’s purchasing power, boosting the economy, and addressing health issues, Amin said in a lecture that he delivered online from his official residence here on Tuesday.

“(The addition) is to maintain purchasing power, encourage the economy, and deal with public health. All these expenditures have not been budgeted in the ongoing State Revenue and Expenditure Budget (APBN), and it is possible that the addition will be obtained through refocusing or reallocating government spending,” he added.

In line with efforts to increase the budget for national economic recovery, the Vice President said, the government will also continue to provide social protection assistance, pursue employment programs, and provide support to micro, small, and medium enterprises (MSMEs).

“The social protection programs include the Family Hope Program (PKH), the Non-Cash Food Assistance Program (BPNT) or Basic Food Program, then Cash Social Assistance Program and Direct Cash Assistance (BLT) of the Village Fund Program, which have continued to be improved, while the schedule and targets are synchronized,” he elaborated. Job training or vocational education will also continue to be provided by the government through the Pre-Employment Card Program and the Intensive Work Program to reduce unemployment in the wake of the COVID-19 pandemic, Amin said.

“In addition, infrastructure development in the village will also be improved and directed to empower local workers and local products. Then, the program of providing assistance for micro enterprises and credit for micro, small and medium enterprises (MSMEs) will also be continued,” he said.

Earlier, Coordinating Minister for Economic Affairs, Airlangga Hartarto, said the proposed additional budget for the recovery of the national economy is 225.4 trillion Indonesian rupiahs.

The addition has been proposed in the wake of emergency restrictions on community activities (PPKM) on the islands of Java and Bali, he said.

Out of the additional budget, Rp120.72 trillion is proposed to be allocated for health programs, Rp10.89 trillion for priority programs, Rp28.7 trillion for social protection, Rp15.1 trillion for business incentives, and Rp50.04 trillion for supporting MSMEs, he said.

Source: Antara News

July 6, 2021

Top TNI officer visits Papua to review construction of PON facilities

Timika, Papua (ANTARA) – Commander of the XVII/Cenderawasih Regional Military Command, Maj.Gen. Ignatius Yogo Triyono, visited Timika, Papua Province on Tuesday to review the construction of facilities for the 2021 National Games (PON) and National Para Games (Peparnas).

Shortly after arriving at the capital of Mimika District, Triyono and his entourage headed to the 3/SC Cavalry Detachment headquarters to review the progress of construction of two accommodation facilities for volleyball athletes and officials from participating provinces.

Triyono also reviewed the construction of the athletes village and other supporting facilities to ensure that they all would be completed as targeted, operations assistant at the XVII/Cenderawasih Regional Military Command, Col.Surya Wibawa Suparman, said.

The National Games (PON) will be held in Jayapura City and the districts of Jayapura, Merauke, and Mimika from October 2 – October 15, 2021.

Selected athletes and officials from across Indonesian provinces are scheduled to participate in the national sporting event, which will cover 37 sporting disciplines, including athletics, Tarung derajat or West Javan martial arts, handball, sport climbing, futsal, aeromodelling, and judo.

Regarding the convening of the PON, the top brass of the National Police have highlighted that the security situation in Papua remains conducive ahead of the country’s largest multi-sport event.

“The National Games will be held as scheduled,” National Police spokesperson Brig. Gen. Rusdi Hartono stated last April.

The Indonesian Defence Forces (TNI) and National Police are readying a security plan to ensure the Papua PON National Games are scheduled as held, he said.

Armed Papuan groups have continued to disrupt law and security in several areas, but the police and army personnel are ably handling their acts of violence, Hartono noted.

Security personnel stationed in Papua, including those from the Nemangkawi Task Force, are striving to maintain security to ensure that conditions in the province remain conducive, he remarked.

Over the past few years, armed Papuan groups have used hit-and-run tactics against Indonesian security personnel and unleashed acts of terror against civilians in the districts of Intan Jaya, Nduga, and Puncak to create fear among the people.

The recent targets of their violence have included construction workers, motorcycle taxi (ojek) drivers, teachers, students, street food vendors, and even civilian aircraft.

Source: Antara News

July 6, 2021

KUR realization reached Rp128.46 trillion until July first week: OJK

Jakarta (ANTARA) – Indonesia’s Financial Services Authority (OJK) recorded that realization of the micro credit program (KUR) until July 5, 2021, had reached Rp128.46 trillion, or 50.77 percent of the total target of Rp253 trillion, according to a top government official.

“Given to 3.45 million debtors, the outstanding stands at Rp271.3 trillion, with nonperforming loans (NPL) of 0.88 percent,” Deputy for Macroeconomic and Financial Coordination at the Coordinating Ministry for Economic Affairs Iskandar Simorangkir stated during the Bisnis Indonesia Economic Outlook webinar on Tuesday.

Taking a cautious stance is also needed because this NPL cannot be separated from the relaxation of the OJK policies to anticipate pressure on MSMEs, he said.

Simorangkir also noted that the realization of KUR in 2021 was better than before the COVID-19 pandemic. In 2019, the OJK recorded that the realization of KUR had reached only Rp140 trillion, with 4.1 million debtors, while in 2018, it was only Rp120.3 trillion, with 4.4 million debtors.

“The lesson we can learn from this is that MSMEs are moving. Hence, this is our basic capital to go further. However, we cannot run fast without paying attention to the health aspect,” Simorangkir emphasized. He further detailed the distribution of KUR as of July 5 based on the type of KUR, specifically the distribution of Super Micro KUR was realized at 4.57 percent, or Rp5.88 trillion, with 667.9 thousand debtors. Meanwhile, the distribution of Micro KUR was realized at 61 percent, or Rp78.35 trillion, with 2.56 million debtors.

The realization of small KUR had reached 34.41 percent, or as much as Rp44.2 trillion, with 223 thousand debtors. The realization of new KUR for migrant workers had reached 0.02 percent, or Rp22.85 trillion, with 949 debtors.

Simorangkir also noted that bank credit had improved, with maintained NPL. Third Party Funds (DPK) had increased, from Rp6,789.5 trillion in April to Rp6,837 trillion in May, or grew by 10.73 percent (yoy). Meanwhile, commercial bank loans increased to Rp5,514.4 trillion, with gross NPL maintained at 3.35 percent.

In connection with precautionary measures against the impact of the implementation of the Java-Bali Emergency Community Activity Restrictions (PPKM), the government extended the provision of a three-percent interest subsidy until December 2021 for 3.3 million debtors.

Source: Antara News