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AccuStem Sciences, Inc. Announces Acquisition of Proprietary MSC Lung Cancer Screening Test
GlobeNewswire News Room· 2025-03-18 12:30
Core Insights - AccuStem Sciences, Inc. is pursuing a strategic commercialization plan to launch the proprietary microRNA Signature Classifier (MSC) test in the US by 2026 [1][3] - The MSC test aims to enhance the accuracy of lung cancer screening by evaluating 24 micro RNAs, thereby improving the diagnostic performance of low-dose computed tomography (LDCT) [2][3] Company Overview - AccuStem is a clinical stage diagnostics company focused on improving outcomes for cancer patients through proprietary molecular testing [5] - The company plans to address unmet clinical needs from cancer screening to treatment and monitoring by exploring novel disease pathways [5] Acquisition Details - AccuStem has acquired the rights to the MSC test, with the consideration being 3,750,000 common shares issued to certain secured creditors and interest holders [4] - The acquisition includes the transfer of all rights, title, and interest in the intellectual property related to the MSC test [4] Clinical Impact - The MSC test, when used in conjunction with LDCT, is expected to significantly reduce false positives by five-fold compared to LDCT alone, leading to better patient outcomes and lower healthcare costs [3] - Data indicates that patients who are MSC+/LDCT+ have a cumulative lung cancer incidence 30-fold higher than those who are MSC-/LDCT-, allowing for safer screening intervals [3]
MSC INDUSTRIAL SUPPLY CO. TO WEBCAST REVIEW OF FISCAL 2025 SECOND QUARTER RESULTS
Prnewswire· 2025-03-13 20:30
Company Overview - MSC Industrial Supply Co. is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services [3] - The company offers approximately 2.4 million products and provides inventory management and supply chain solutions [3] - With over 80 years of experience, MSC has a dedicated team of more than 7,000 associates focused on enhancing customer productivity and profitability [3] Upcoming Events - The company will hold a conference call to review its fiscal year 2025 second quarter results on April 3, 2025, at 8:30 a.m. Eastern Time [1] - The conference call will be accessible online and via phone, with an online archive available within one hour after the call [2]
MSC Income Fund Announces Second Quarter Regular Quarterly Dividend and Supplemental Quarterly Dividend
Prnewswire· 2025-03-07 12:00
Core Viewpoint - MSC Income Fund, Inc. has declared a regular quarterly cash dividend of $0.35 per share and a supplemental quarterly cash dividend of $0.01 per share, both payable on May 1, 2025, marking the company's first dividends since its NYSE listing on January 29, 2025 [1][3]. Dividend Details - The regular quarterly cash dividend of $0.35 per share is set for the second quarter of 2025, with a record date of March 31, 2025 [2]. - The supplemental quarterly cash dividend of $0.01 per share will also be paid in May 2025, sourced from the company's undistributed taxable income as of December 31, 2024 [2][3]. Company Overview - MSC Income Fund, Inc. is a principal investment firm that primarily provides debt capital to private companies, focusing on leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [6]. - The company partners with private equity fund sponsors and invests mainly in secured debt investments, with portfolio companies typically generating annual revenues between $25 million and $500 million [6]. - The company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, which generally have annual revenues between $10 million and $150 million [6]. Investment Advisory - MSC Adviser I, LLC, a wholly owned subsidiary of Main Street, serves as the investment adviser and administrator for MSC Income Fund, Inc. [7].
MSC Income Fund Announces Amendment of its Corporate Credit Facility
Prnewswire· 2025-03-04 12:00
Total Commitments Increased $80.0 million to $245.0 millionAccordion Feature Increased $100.0 million to $300.0 millionHOUSTON, March 4, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce the amendment of its senior secured revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $165.0 million to $245.0 million. The $80.0 million increase in total commitments was the result of the addition ...
Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2024 Earnings
GlobeNewswire· 2025-02-27 13:01
MACAU, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Total operating revenues for the fourth quarter of 2024 were US$152.9 million, compared with total operating revenues of US$141.3 million in the fourth quarter of 2023. The increase was primarily attributable to the ...
MSC Income Fund Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule
Prnewswire· 2025-02-20 21:15
Call Scheduled for 10:00 a.m. Eastern Time on Thursday, March 20, 2025HOUSTON, Feb. 20, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that it will release its fourth quarter and full year 2024 results on Wednesday, March 19, 2025 after the financial markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Thursday, March 20, 2025 at 10:00 a.m. Eastern time. In ...
MSC Income Fund Closes Public Offering of Common Stock
Prnewswire· 2025-02-04 14:00
Core Points - MSC Income Fund, Inc. successfully closed a public offering of 5,500,000 shares at a price of $15.53 per share, with total sales reaching 6,325,000 shares after the underwriters exercised their overallotment option [1][2] - The net proceeds from the offering amount to approximately $91 million, which will primarily be used to repay outstanding debt and for general corporate purposes [2][4] Company Overview - MSC Income is a business development company that provides debt capital to private companies, particularly those owned by private equity funds, focusing on leveraged buyouts, recapitalizations, and growth financings [4] - The company invests in secured debt and maintains a portfolio of long-term debt and equity investments in lower middle market companies, typically with annual revenues between $10 million and $500 million [4] Management and Advisory - MSC Adviser I, LLC, a wholly owned subsidiary of Main Street, serves as the investment adviser for MSC Income, managing investments for external parties [5]
MSC Income Fund Prices Public Offering
Prnewswire· 2025-01-28 22:05
Public Offering Details - MSC Income Fund Inc priced its public offering of 5,500,000 shares of common stock at $15.53 per share [1] - The shares are expected to begin trading on the New York Stock Exchange under the symbol "MSIF" on January 29, 2025 [1] - The underwriters have an option to purchase up to an additional 825,000 shares to cover overallotments [1] - The closing of the offering is subject to customary closing conditions, with shares expected to be delivered on or about January 30, 2025 [1] Use of Proceeds - The company intends to use the net proceeds to repay outstanding debt under its credit facilities [2] - After repayment, the company plans to re-borrow under the credit facilities to make investments in accordance with its investment objective and strategies, pay operating expenses, and for general corporate purposes [2] Underwriters and Managers - RBC Capital Markets, Truist Securities, Raymond James, UBS Investment Bank, and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering [3] - B Riley Securities, Citizens JMP, Sanders Morris, Clear Street, Comerica Securities, Texas Capital Securities, and Zions Capital Markets are acting as co-managers for the offering [3] Registration and Prospectus - A registration statement relating to these securities was filed with the SEC and declared effective on January 28, 2025 [4] - The preliminary prospectus dated January 21, 2025, contains information about the company and should be read carefully before investing [5] Company Overview - MSC Income Fund Inc is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund [8] - The company also provides customized long-term debt and equity capital solutions to lower middle market companies [8] - Portfolio investments typically support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [8] - The company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy [8] - Private loan portfolio companies generally have annual revenues between $25 million and $500 million, while lower middle market portfolio companies have annual revenues between $10 million and $150 million [8] Investment Adviser - MSC Adviser I LLC is a wholly owned subsidiary of Main Street Capital Corporation (NYSE: MAIN) and is registered as an investment adviser under the Investment Advisers Act of 1940 [9] - MSC Adviser I LLC currently manages investments for external parties, including MSC Income Fund Inc [9]
MSC INDUSTRIAL SUPPLY'S SARA DULSKI APPOINTED TO SERVE ON INDUSTRY SUPPLY ASSOCIATION BOARD OF DIRECTORS
Prnewswire· 2025-01-21 22:00
Company Announcement - Sara Dulski, General Manager of Metalworking at MSC Industrial Supply Co, has been appointed to the Industry Supply Association (ISA) Board of Directors [1] - Sara leads a portfolio including metalworking production tools and innovative value-added services at MSC [2] - Sara expressed enthusiasm about collaborating with the ISA Board to strengthen the industrial supply channel [4] Industry Association - ISA is the channel association for the industrial Maintenance, Repair, Operations and Production (MROP) industry [3] - ISA connects partners within the industrial supply channel and provides networking, education, strategies, analytics, and tools [3] - ISA members include industrial manufacturers [3] Company Overview - MSC Industrial Supply Co is a leading North American distributor of metalworking and MRO products and services [7] - The company offers approximately 2.4 million products, inventory management, and supply chain solutions [7] - MSC has over 7,000 associates and more than 80 years of industry experience [7] Leadership Perspective - Brendan Breen, ISA CEO, highlighted Sara's background and passion for driving innovation in the industrial space [4] - Sara's leadership at MSC and understanding of industry challenges will help ISA deliver value to its members [4]
MSC Income Fund Announces Proposed Public Offering
Prnewswire· 2025-01-21 11:43
HOUSTON, Jan. 21, 2025 /PRNewswire/ -- MSC Income Fund, Inc. ("MSC Income" or the "Company"), an externally managed business development company, today announced that it has commenced a public offering of 4,850,000 shares of its common stock. The public offering price per share of the common stock is expected to be $15.53. MSC Income is expected to list its common stock on the New York Stock Exchange under the symbol "MSIF." MSC Income expects to grant the underwriters an option to purchase up to an additio ...