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Middle East Tech Today: Press Releases

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Press releases published on May 8, 2025

Dubai-Based MTLAB to Launch AI for Shopping in the UAE, Q2 2025

Dubai-Based MTLAB to Launch AI for Shopping in the UAE, Q2 2025

DAVE launches in the UAE, offering instant discovery, personalized AI styling, virtual fitting, and next-gen social commerce. DUBAI, UNITED ARAB EMIRATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- DAVE, a first-of-its-kind AI for fashion shopping, is being …

Ainnocence Unveils Core Challenges Undermining AI-Driven Small-Molecule Drug Discovery

Ainnocence Unveils Core Challenges Undermining AI-Driven Small-Molecule Drug Discovery

How current methodologies fail to address critical challenges in early stage drug discovery. SAN FRANCISCO, CA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- Ainnocence, a leader in next-generation AI drug-discovery solutions, today released a …

The AREA Welcomes Amalgamated Vision as a Member

The AREA Welcomes Amalgamated Vision as a Member

A New Optics Paradigm for Hands-On, High-Stakes Environments NASHVILLE, TN, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- The Augmented Reality for Enterprise Alliance (AREA) today announced that Amalgamated Vision joined the Consortium. The company …

Draganfly Announces First Quarter Results of 2025

Draganfly Announces First Quarter Results of 2025

Vancouver, BC., May 08, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter …

Entrée Resources Announces First Quarter 2025 Results

Entrée Resources Announces First Quarter 2025 Results

VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its interim financial results for the first quarter ended March 31, 2025. All numbers are in U.S. dollars …

Tarsus to Participate in Upcoming Investor Conferences

Tarsus to Participate in Upcoming Investor Conferences

IRVINE, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) today announced that management plans to participate in the following upcoming investor conferences: Bank of America Securities 2025 Health Care Conference on …

Vital Battery Metals Announces Acquisition of Corvo Uranium Project & Closing of Financing

Vital Battery Metals Announces Acquisition of Corvo Uranium Project & Closing of Financing

Highlights: More than 29 km of exploration strike length along three strong NE-SW magnetic low trends coinciding with EM conductors and cross-cutting faults, providing highly prospective shallow drill targets. Uranium mineralization is present along a …

Apimeds Pharmaceuticals US, Inc. Announces Pricing of Initial Public Offering

Apimeds Pharmaceuticals US, Inc. Announces Pricing of Initial Public Offering

Hopewell, New Jersey, May 08, 2025 (GLOBE NEWSWIRE) -- Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS) (“Apimeds” or the “Company”), a clinical stage biopharmaceutical company that is in the process of developing Apitox, an intradermally …

How Middle East Startups Are Building Taxi Apps at a reasonable costs

How Middle East Startups Are Building Taxi Apps at a reasonable costs

Hyena Technologies empowers Middle East startups to build taxi apps affordably using AI, niche strategies, and modular development. DAMAC XL TOWER, VA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- As ride-hailing demand grows across the Middle East, …

Sutro Biopharma Reports First Quarter 2025 Financial Results and Business Highlights

Sutro Biopharma Reports First Quarter 2025 Financial Results and Business Highlights

- Sharpened product candidate focus on its next-generation ADC portfolio, following strategic review and pipeline reprioritization - - Promising preclinical results with STRO-004 and dual-payload ADC, as well as STRO-006 programs presented at AACR 2025 and …

BioSyent Schedules First Quarter Earnings Release for May 15, 2025

BioSyent Schedules First Quarter Earnings Release for May 15, 2025

MISSISSAUGA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- BioSyent Inc. (“BioSyent”, “the Company”, TSX Venture: RX) will be reporting its financial results for the three months ended March 31, 2025 on Thursday, May 15, 2025 after market hours. A presentation …

Galecto Reports First Quarter 2025 Operating and Financial Results

Galecto Reports First Quarter 2025 Operating and Financial Results

BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ: GLTO), a clinical-stage biotechnology company focused on the development of novel treatments for oncology and liver diseases, announced its operating and financial results for the quarter …

Theriva Biologics Announces Closing of $7.5 Million Public Offering

Theriva Biologics Announces Closing of $7.5 Million Public Offering

ROCKVILLE, Md., May 08, 2025 (GLOBE NEWSWIRE) -- Theriva Biologics (NYSE American: TOVX), (“Theriva” or the “Company”), a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need, …

Serina Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Highlights

Serina Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Highlights

On track for first patient dosing of SER-252 in Phase 1b clinical trial in advanced Parkinson’s disease in Q4 2025 Strengthened balance sheet with recent financing Advancing innovative POZ Platform across multiple therapeutic modalities Two new seasoned …

Fennec Pharmaceuticals to Report First Quarter 2025 Financial Results on May 13, 2025

Fennec Pharmaceuticals to Report First Quarter 2025 Financial Results on May 13, 2025

RESEARCH TRIANGLE PARK, N.C., May 08, 2025 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (NASDAQ: FENC; TSX: FRX), a commercial stage specialty pharmaceutical company, today announced that the Company will release its first quarter 2025 financial results …

Cidara Therapeutics Provides Corporate Update and Reports First Quarter 2025 Financial Results

Cidara Therapeutics Provides Corporate Update and Reports First Quarter 2025 Financial Results

Data cutoff date for Phase 2b NAVIGATE trial efficacy reached on April 30, 2025; top-line data readout expected in late June 2025 Nature Microbiology publication highlights preclinical data and the potential of CD388 as a potent, universal antiviral for …

PacBio Announces First Quarter 2025 Financial Results

PacBio Announces First Quarter 2025 Financial Results

MENLO PARK, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB) today announced financial results for the quarter ended March 31, 2025. First quarter results:   Q1 2025 Q1 2024 Revenue $37.2 million $38.8 million Instrument revenue $11.0 million …

Rackspace Technology Reports First Quarter 2025 Results

Rackspace Technology Reports First Quarter 2025 Results

Revenue of $665 million in the First Quarter, down 4% Year-over-Year Private Cloud Revenue was $250 million, down 7% Year-over-Year Public Cloud Revenue was $416 million, down 2% Year-over-Year First Quarter 2025 Cash Flow From Operating Activities was $13 …

Turtle Beach Corporation Announces Growth in Revenue, Adjusted EBITDA and Gross Margins in First Quarter 2025 Results and $75 Million Share Repurchase Program

Turtle Beach Corporation Announces Growth in Revenue, Adjusted EBITDA and Gross Margins in First Quarter 2025 Results and $75 Million Share Repurchase Program

–Net Revenue of $63.9 million, up 14% compared to prior year– –Gross Margin improved to 36.6%, an increase of approximately 470 basis points compared to prior year– –Net Loss of $(0.7) million compared to Net Income of $0.2 million in prior year– –Adjusted …

Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share

Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share

CHANDLER, Ariz., May 08, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash …

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