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Tetra Pharm Technologies and Kvantify Announce Partnership to Accelerate the Discovery of Novel Drug Candidates Targeting the Endocannabinoid System

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The collaboration between two Danish companies aims to revolutionize drug discovery with help from quantum computing, AI and computer-aided drug design.

COPENHAGEN, Denmark, May 30, 2024 /PRNewswire/ — Tetra Pharm Technologies and Kvantify join forces in a strategic partnership to accelerate the identification and development of novel drug candidates targeting the endocannabinoid system (ECS).

“We are proud to partner with Kvantify, a company that shares our passion for scientifically based technological solutions to real-world challenges. This partnership will expedite our drug development process and significantly expand our pipeline of promising drug candidates in 2024,” says Martin Rose, Chief Executive Officer of Tetra Pharm Technologies.

This partnership is poised to transform the landscape of ECS-targeted drug discovery, potentially leading to significant advancements in therapeutic options for patients.

Exploring key receptors

Together, the partners will go deep into the complexities of endocannabinoid receptors and their interactions with potential drug candidates from Tetra Pharm Technologies’ pipeline. This approach is expected to not only advance the existing pipeline significantly but also lead to new discoveries within the field.

At this point, Tetra Pharm Technologies has 11 drug candidates in its pipeline, each targeting specific receptors with distinct modes of action and more candidates on their way. For each pipeline candidate Tetra Pharm Technologies pursues a distinct mode of action at the receptor level based on their scientists’ understanding of the endocannabinoid system; that is, which receptors they wish to hit, and – equally important – which receptors to be avoided in terms of side effect profile.

“The Kvantify platform enables us to screen much broader and to more effectively identify key structural attributes of our drug candidates to guide our in-vitro cellular pharmacology and ultimately our CMC activities. Since the potential formulation hassles have already been mitigated with our proprietary drug delivery system, we can undoubtedly progress candidates even faster through our pipeline,” says Dr. Morten Allesø, Chief Scientific Officer at Tetra Pharm Technologies.

Comprehensive screening and advanced insights

The collaboration involves a comprehensive screening of nearly 1,000 molecular combinations suspected of acting as ligands to endocannabinoid receptors. This screening is conducted using Kvantify’s CNS module, providing Tetra Pharm Technologies additional insight into the propensity for blood-brain-barrier penetration.

Nils Anton Berglund, Head of Strategic Alliances at Kvantify, highlights the potential impact.

“The endocannabinoid system has been under-leveraged in drug discovery and it represents a huge opportunity for innovation. With Tetra Pharm Technologies’ deep knowledge of the endocannabinoid biology and the atomistic level precision that Kvantify’s CNS drug discovery platform can deliver, we believe the collaboration can uncover ground-breaking new science for the benefit of patients around the globe.”

“This is an extremely exciting collaboration leveraging cutting-edge research from both parties,” says Hans Henrik Knudsen, Chief Executive Officer at Kvantify and continues.

“The combination of Tetra Pharm Technologies’ novel drug delivery technology with Kvantify’s computational drug discovery platform, makes for an incredibly exciting synergy that will facilitate more rapid and efficient development of novel drugs.”

About Tetra Pharm Technologies ApS

Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit (www.tetrapharm.eu).

About Kvantify

Kvantify is a leading quantum company from Denmark that delivers software solutions and services to tackle the world’s most challenging and valuable problems in areas such as biotechnology and medicine. Established in 2022, the company today comprises more than 65 experts in a broad range of fields, from quantum computing and software engineering to mathematics, physics, cheminformatics, and computational chemistry. For more information, please visit (www.kvantify.com).

For further information

Jacob Schlundt
Chief Marketing Officer
Tetra Pharm Technologies
schlundt@tetrapharm.eu
+45 5197 6225

Morten Dalgaard-Thestrup
Head of Marketing & Communication
Kvantify
mdt@kvantify.dk
+45 61759082

Photo – https://mma.prnewswire.com/media/2422471/M_Rose_HH_Knudsen.jpg
Logo – https://mma.prnewswire.com/media/1988863/Tetra_Pharm_Technologies_Logo.jpg

 

 

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

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