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Real-time News
On October 12, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, has reached a milestone in its collaboration agreement with Bristol-Myers Squibb for the BL-B01D1 (EGFR×HER3 bispecific ADC) program, triggering the first $250 million in near-term contingent payments under the agreement. SystImmune will receive the payment soon, net of bank fees. Under the agreement, the company is eligible to receive up to $250 million in near-term contingent payments and up to $7.1 billion in additional payments based on the achievement of certain development, regulatory, and sales milestones.Russian Ministry of Defense: Russia shot down 72 Ukrainian drones in the past day.On October 12, according to US media reports, US Navy officials said on the same day that the US Navy dismissed the commander of the USS Wyoming (SSBN 742) ballistic missile nuclear submarine this week. The US Navy issued a statement saying that the commander of the Navys 10th Submarine Squadron, Rear Admiral Bob Worth, dismissed Lieutenant Commander Robert Moreno, who led the "Blue" crew of the USS Wyoming nuclear submarine, because of "loss of confidence in his command ability." US media said that the military usually removes commanders from their posts due to loss of confidence, but does not provide specific reasons for dismissal. The US Navys statement did not provide more information about the decision to remove Moreno, and a Navy spokesman declined to provide further details. The statement read: "Navy commanders must adhere to high standards of personal and professional conduct. They should uphold the highest standards of responsibility, reliability and leadership, and if they fail to meet these standards, the Navy will hold them accountable."According to TASS: Russian air defense forces shot down 32 Ukrainian drones at night.On October 12th, French Prime Minister Jean-Claude Le Cornu, who was reappointed by French President Emmanuel Macron as Prime Minister on October 11th local time, stated during a visit to a police station in the Paris suburbs that he currently only wants to focus on resolving Frances political crisis. Given the deep political divisions within Frances political parties, he could be impeached by the National Assembly at any time. Le Cornu declined to specify when he would form a new government or its potential composition, but did indicate that it would not include anyone interested in running in the 2027 presidential election.
