Tag: 3BL

• Funding will help equip Floridians and first responders with valuable information and supplies ahead of storms and emergency events

ST. PETERSBURG, Fla., June 17, 2025 /3BL/ – As storm season approaches, Duke Energy has activated efforts to help Florida customers and communities prepare for hurricanes and other emergencies.

Duke Energy Foundation, funded by Duke Energy shareholders, recently awarded $163,000 in emergency preparedness and resiliency grants to 12 organizations and agencies in Florida. The grants will help place AEDs in high-traffic areas, provide CPR training to residents, fund community education and outreach materials, fund storm kits for seniors, upgrade weather monitoring technology, procure additional materials for emergency sheltering, among other initiatives led by local emergency management organizations.

“Although we are now entering the official start of storm season, community resilience and preparedness is a year-round effort,” said Melissa Seixas, Duke Energy Florida state president. “We are grateful for the ongoing collaboration and commitment of our first responders, emergency management officials and community agencies to prepare, plan and engage our communities. Being prepared is our best defense.”

Grants were awarded to the following organizations:

• American Heart Association – $50,000
   
• Wakulla County Sheriff’s Office – $5,000
   
• Franklin County Board of County Commissioners – $8,000
   
• Lake County Board of County Commissioners – $5,000
   
• City of Davenport, FL – $5,000
   
• Orange County Office of Emergency Management – $20,000
   
• Seminole County Board of County Commissioners – $10,000
   
• Town of Inglis – $10,000
   
• Hernando County Emergency Management – $10,000
   
• Gulf Coast Jewish Family and Family Services Inc. – $12,500
   
• Suncoast Young People Theatre Inc. – $17,500
   
• Winter Garden Heritage Foundation – $10,000

Community resilience and preparedness are long-standing priorities of Duke Energy Foundation, which has awarded more than $1.8 million to support Florida’s disaster preparedness since 2019.

Duke Energy reminds customers that personal preparedness is key to a more resilient home or business. For more tips on how to prepare for storm season, please visit duke-energy.com/StormTips and download the Red Cross Emergency app. Duke Energy Foundation will donate $1 to the Red Cross for every app download through June 30, up to $20,000.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy Foundation

Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Media contact: Laitin Sterling
Media line: 800.559.3853

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Originally published on PSEG NewsRoom

NEWARK, N.J., June 10, 2025 /3BL/ – PSE&G has announced that it is proactively implementing a Summer Relief Initiative to protect qualified residential electric customers from disconnection, while seeking approval from the New Jersey Board of Public Utilities (BPU) to provide New Jerseyans relief on their summer electric bills. To combat the significant electric supply price increase on June 1 that is the result of PJM’s capacity price auction, PSE&G is proactively implementing a Summer Relief Initiative including:

• A Summer Moratorium – an expansion of the Winter Termination Program, beginning July 1, 2025, ahead of additional residential customer relief efforts. The program provides utility shut-off protection to low-income and qualified individuals and will continue through the summer months until September 30, 2025.
• A suspension of reconnection fees.

The implementation of the Summer Moratorium and reconnection fee suspension comes on the heels of the company’s filing with the BPU where we propose to defer the effects of the June 1 supply increase for residential electric customers over the summer months.

PSE&G first filed for approval of this action on May 7 and added additional support for residential customers on May 15, which is pending BPU review and approval.

“There is now widespread recognition that New Jersey needs more power generation to address the forecasted energy supply-demand imbalance,” said Kim Hanemann, president and COO, PSE&G. “PSE&G is not the cause of the 17% rise in electric rates, but we can support our customers by advancing critical solutions. These actions should help relieve a burden to families and communities just as the weather is getting warmer and electricity usage hits its peak.  We encourage our customers to reach out to us if they are struggling to pay their bill so we can help them access the solutions available.”

New Jerseyans’ energy usage is already at its highest during the summer months and the required electric rate increase would only exacerbate the situation. During this summer deferral period, PSE&G will still continue to pay the electricity suppliers, who benefit from the supply increase, the full cost of the generation in the new electric supply rate.

PSE&G is proud of its track record of high customer satisfaction while maintaining customer affordability and award-winning reliable service. PSE&G combined electric and gas bills are nearly equivalent to their 2008 levels when adjusted for inflation.

Understanding the Impact of Summer Heat on Bills

It is important not to confuse increased electric rates with increased electric usage: summer months often coincide with high heat, frequently leading to increased electric usage as customers run their air conditioners more often. The amount of electricity needed to cool your house to 75 degrees when it’s 90 degrees outside is 125% higher than when it’s 85 degrees outside.

Regardless of electric rates, customers can take steps now to understand and manage their energy usage. Customers can find valuable energy efficiency information at pseg.com/energyefficiency and bizsave.pseg.com.

Long-term Solutions Needed

For several years, PSE&G has been warning about the supply and demand imbalance in the region.

We remain committed to working with policymakers regarding long-term solutions to these significant rate increases, including advancing policies that encourage the development of new power generation in New Jersey.

PSE&G Customer Assistance

PSE&G works directly with its customers, and with nonprofits and community organizations who work with utility customers, to inform them about energy assistance options.

PSE&G provides information regarding affordability options that customers may qualify for based on certain criteria like income eligibility (i.e. the Low Income Home Energy Assistance Program [LIHEAP], or SHARES for customers who may be experiencing a temporary financial crisis).

There are also additional bill payment tools to help customers manage costs, including PSE&G’s Equal Payment Plan and Deferred Payment Arrangements. PSE&G’s Equal Payment Plan estimates annual energy costs, and divides bills into 12 equal monthly payments, which allows customers to levelize their monthly spend expectations. Deferred Payment Arrangements allow customers to pay a portion of past-due balances over an agreed-upon period.

Customers can find valuable energy assistance information at pseg.com/saveenergy.

###

PSE&G
Public Service Electric & Gas Co. is New Jersey’s oldest and largest gas and electric delivery public utility, as well as one of the nation’s largest utilities. PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 23 consecutive years. For the third consecutive year, PSE&G is the recipient of the ENERGY STAR Partner of the Year award in the Energy Efficiency Program Delivery category. In addition, in 2024 J.D. Power named PSE&G number one in customer satisfaction with residential electric service and gas service in the east among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company focused on a clean energy future and has been named to the Dow Jones Sustainability Index for North America for 17 consecutive years (www.pseg.com).

Forward-Looking Statements
This release includes forward-looking statements, including but not limited to statements regarding anticipated or expected energy savings, cost saving and greenhouse gas emissions avoidance. There can be no assurance that such energy and costs savings and greenhouse gas emissions avoidance will be realized in the amounts described and / or in the timeframes anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information currently available to management but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Factors that may cause actual results to differ include, without limitation: the ability to implement our energy efficiency business strategy, and customer adoption of our energy efficiency offerings. All forward-looking statements made in this release are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements The forward-looking statements contained in this Report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

CONTACT:

Media Relations
Marijke Shugrue
862-465-1445

International Olympic Committee news

His 10 medals from across three Olympic Games editions (Atlanta 1996, Sydney 2000 and Athens 2004) were destroyed as fire swept through his neighbourhood in Los Angeles earlier this year. On hearing about his loss, the IOC announced it would provide him with replicas to make up for it.

On this moving occasion, IOC President Thomas Bach said: “We really appreciate your presence here. I cannot tell you how much we admire you, not only because of the medals, but because when we were reading your tragic story of losing your house, your possessions and all your worldly properties, this went straight to our heart. But even more so, when we learned how you overcame this tragedy in the style of a true Olympic champion, showing all the resilience, courage and confidence that you were known for as an athlete at the time, but you displayed under very different circumstances once more.”

After receiving the Olympic medals, Hall Jr spoke of what it meant to him to receive these replacements: “I’m emotional, it’s hard for me to put words together in this time. I would like to express my gratitude first and foremost.”

“I cannot thank the Olympic Movement enough for their support through this very difficult time. Their realisations through this process that outweigh the sense of loss and that is this word of solidarity and what it means: the value of friends outweighs the value of objects, and character cannot be taken away, it cannot be burned, it cannot be lost and what is inside of us, our spirit, our being, our soul – that is important. We live in a time of capitalism, consumerism and you realise when you lose everything how little of it you truly need.”

Gary Hall Jr

He also told the audience how much he is looking forward to the Olympic Games LA28: “I was 10 years old when LA hosted the 1984 Olympic Games, and I was old enough to see […] what the Olympic Games was, the scale of it, the importance, the significance of the world stage in the 1984 Olympic Games. This inspired me more than any genetic inheritance or family tradition that propelled me.”

As part of the ceremony, Hall Jr also signed the Olympian Wall in Olympic House.

We’re helping solve our customers’ big challenges by innovating and delivering solutions that are better for their business and for the environment. Through our Gigaton Challenge, we aim to reduce 1 gigaton of GHG emissions from our customers’ footprints by 2030.

Project At-a-Glance:

The opportunity:

• Help a global pharmaceutical company that specializes in women’s health to meet their decarbonization goals while realizing significant energy savings

The solution: 

• Transitioned largest production facility in Netherlands to thermal management system with heat recovery

Sustainability outcomes:

• Energy savings of 7,700 gigajoules per year, the equivalent of nearly 243,000 cubic meters of gas annually

Organon is a global pharmaceutical company focused on women’s health. In 2024, the company took decisive steps toward their goal of carbon neutrality by 2035. Among them, a sustainable heat pump-based heating and cooling solution. For that job, they called Trane.

A global health company committed to sustainability 

Organon, a 10,000-employee company, maintains facilities in some 60 nations and supports customers in more than 140 countries. Their largest production site is located in the city of Oss in the Netherlands. A sprawling multi-building facility, the factory employs more than 1,200 people. Organon’s objective is to transition operations away from natural gas and create a sustainable, climate-neutral installation.

“We’d had a successful relationship with Trane for years,” said Rimko Jansen, Project Engineer HVAC at Organon. “The service is good, and we’d recently experienced their efficient rental capabilities. Moreover, Trane heat pumps are one of the most energy-efficient options available on the market.”

Electrification of heat saves energy

Replacing the facility’s fossil fuel boilers is a priority. Trane proposed a thermal management solution based on decentralized heat pumps.

Phase one focused on Organon’s main production building in the Netherlands. Originally, the facility was heated by four boilers with a total capacity of 8,000 kilowatts. Fifteen large Trane RTUD chillers were required for the building’s cooling needs, mainly to cool compressed air for the production process.

Trane expanded the existing infrastructure with two Trane City RTSF 070 water-to-water heat pumps. In addition to meeting the factory’s production needs, the unit would provide year-round cooling and heating (heat was needed in the summer for dehumidification purposes). The RTSF units would also provide reinforcement for the building’s central heating network.

“Traditionally, we’ve used chillers for the cooled compressed air needed in production,” said Jansen.

Expanding electrification

The project’s second phase involved renovating the facility’s heat-cold storage (HCS) unit, located in a separate building on the site. As it happened, Organon needed a temporary heating solution to keep the offices in the HCS building warm that winter. Eager to test the viability of a heat pump as a long-term solution for the HCS, the Organon team decided to rent a CXAF heat pump as a short-term fix.

“We could simply have rented a boiler for our temporary heating needs, but we wanted to demonstrate through a practical test that we could switch to a heat pump,” said Jansen. ”With the rented Trane heat pump, we proved that we could indeed heat the office building in winter with an air-to-water heat pump. This gave us the confidence to invest in a CXAF.”

By winter’s end the CXAF 100 proved its worth, supplying ample heat to the building’s air handling units. Satisfied with the results, Organon placed an order for a larger CXAF model, which was delivered and will be installed in mid-2025.

Sustainable results

The two RTSF water-to-water heat pumps in the production building are saving Organon approximately 4,000 gigajoules (GJ) of electricity per year. The Trane City RTSF 070 water-to-water heat pump at the HCS is further saving roughly 3,680 GJ of energy per year.

“With the three new Trane heat pumps we are saving nearly 7,700 gigajoules, per year,” said Jansen. “That’s equivalent to nearly 243,000 cubic meters of gas per year. These installations represent just the initial steps of our sustainability journey.”

As a next step, Organon is developing a roadmap to help them reduce their reliance on gas. They are also in the process of adjusting their air handling units to better accommodate low-temperature heating.

“We collaborate with Trane and other partners to assess the unique requirements of each building,” said Jansen. “This involves evaluating the specific needs for production, comfort and required temperatures. It is an ongoing endeavor that involves careful analysis and collaboration to ensure optimal solutions for each situation.”

Learn more about this project at the Trane Europe blog.

Explore how we are growing through sustainability and innovation in our 2024 Sustainability Report.

Total project space using the LEED+WELL pathway has tripled in less than two years 

Announced at IWBI’s Climate + Health Summit in Tokyo, the milestone reflects rising global demand for the streamlined process designed to advance both planetary health and human health 

TOKYO and NEW YORK June 16, 2025 /3BL/ – The International WELL Building Institute (IWBI), the global authority for advancing healthy buildings, organizations and communities, today announced rapid uptake of the streamlined pathway for projects that pursue both LEED and WELL certification. In less than two years, total project space using the pathway has more than tripled—from 80 million to nearly 250 million square feet—while the number of projects has more than doubled, growing from 300 to over 750 across 47 countries. In addition, more than 100 projects, spanning 15 million square feet, have already achieved LEED and WELL certification using the pathway. The accelerated growth reflects a strong rise in global demand for the streamlined certification process.

In April 2023, IWBI and the U.S. Green Building Council (USGBC) deepened their strategic partnership by releasing a streamlined process for projects to pursue certifications for the LEED green building rating system and the WELL Building Standard. The process streamlines documentation for projects that are pursuing both certifications at the same time or that have already earned one certification and are looking to add the other.

“It’s exciting to see the continued global adoption of the LEED + WELL pathway, signaling strong momentum in the market,” said Rachel Hodgdon, President and CEO, IWBI. “The growing demand to pursue the world’s leading standards for green buildings and healthy buildings together reflects a deepening recognition that human health and planetary health are inextricably linked. By using WELL and LEED together, market leaders are embracing a future-forward approach to prioritize people and planet.”

The news was announced at the WELL 2025 Climate and Health Summit in Tokyo, Japan, an IWBI flagship event, hosted in partnership with the U.S. Green Building Council and Green Building Japan, highlighting solutions for advancing human health and planetary well-being.

“Better alignment between rating systems is critical to enabling building owners and project teams to pursue ambitious goals and demonstrate exceptional commitment and leadership in the built environment,” said Peter Templeton, President and CEO, USGBC. “We are pleased to see the growth in global demand for this streamlined LEED and WELL certification pathway, which has helped leaders more easily deliver projects that enhance human and environmental health in communities around the world.”

“This is exactly the kind of leadership we need—market leaders stepping up to adopt the process for LEED and WELL,” said Yasushi Kinoshita, Representative Member, Eminence Partners G.K.; Chair, Green Building Japan; and IWBI Governance Council Member. “It’s incredibly encouraging to see the industry embrace this integrated approach to enhancing human health and the world around us—an approach that’s poised to shape the future of the built environment.”

The rapid adoption of the LEED+WELL process underscores a rising priority among market leaders to capture the health and well-being benefits from WELL’s dedicated and comprehensive focus on human health in combination with the tremendous environmental gains driven by LEED’s holistic approach to a built environment that is better for both people and the planet.

About the International WELL Building Institute
The International WELL Building Institute (IWBI) is a public benefit corporation and the global authority for transforming health and well-being in buildings, organizations and communities. In pursuit of its public-health mission, IWBI mobilizes its community through the development and administration of the WELL Building Standard (WELL), WELL for residential, WELL Community Standard, its WELL ratings and management of the WELL AP credential. IWBI also translates research into practice, develops educational resources and advocates for policies that promote people-first places for everyone, everywhere. More information on WELL can be found here.

International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL EP, WELL Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rated, WELL Performance Rated, WELL Equity Rated, WELL Equity, WELL Coworking Rated, WELL Residence, Works with WELL, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

About the U.S. Green Building Council 
The U.S. Green Building Council (USGBC) accelerates and scales the transformation of the built environment to minimize climate impacts and enhance the well-being of people, the environment, and communities worldwide. USGBC leads market transformation through LEED and other green building certification and enablement programs, robust educational offerings, an international network of industry leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools, and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org and connect on X (formerly Twitter), Instagram,  Facebook, and LinkedIn.

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Media contact: media@wellcertified.com

This year marks a milestone in our journey: 50 years of crafting herbal teas that support people’s wellness and deepen their relationship with plants. And at the heart of this story is one woman whose vision, intuition, and joy helped shape the herbal movement as we know it—Rosemary Gladstar.

Often called the godmother of American herbalism, Rosemary co-founded Traditional Medicinals in 1974 alongside Drake Sadler. What began as a grassroots effort in a small herb shop blossomed into a trusted name in herbal wellness, thanks in large part to her intuitive, artful approach to blending herbs. Formulas like Throat Coat®, Mother’s Milk®, and Smooth Move® were created with one goal in mind: helping her community feel better, naturally.

But these weren’t just effective, thanks to Rosemary’s unique understanding of flavor and synergy, they were also enjoyable to drink. “People were far more likely to purchase a tea for their health and wellbeing if it tasted really good,” she shared. And that’s a lesson that continues to guide us to this day.

Rosemary’s story reminds us that herbalism is as much about connection as it is about plants. As she puts it:

“Formulating herbs is, in fact, a lot like formulating people. Put the right group of people together and you can accomplish so much.”

Now, Rosemary continues to teach, inspire, and advocate for the wild gardens we all depend on. Her wisdom remains a guiding light as we carry the Traditional Medicinals mission forward, crafting teas that honor tradition, taste good, and make people feel cared for.

Read more

Watch the video: Youtube – 50 Years of Herbal Wellness with Rosemary Gladstar

LinkedIn

Cheers to 10 years of fueling dreams! The Taco Bell Foundation’s Live Más Scholarship is celebrating a decade of impact with its largest award yet—$14 million to passionate young changemakers across the U.S., including a record $4.5 million for Taco Bell team members. 

Unlike traditional scholarships, this one’s all about passion over GPAs—supporting creative thinkers, bold dreamers and cultural rebels. It’s not just funding—it’s a launchpad for what’s next.

Congratulations to our 2025 Live Más Scholarship recipients!

There aren’t many people as brave as Morgon Latimore.

His life experiences provide the proof.

Latimore served in the U.S. Marines and was deployed to Afghanistan, where he witnessed death almost daily.

He once stood between his brother and a gun. The man wielding the weapon said Latimore’s brother owed him $20.

“It was brave, but I wasn’t afraid because I was doing it for somebody that I would give my life for,” said Latimore, recalling the incident that he helped de-escalate.

He’s competed in some of the world’s toughest athletic endurance challenges, including the Ultraman and Ironman Triathlons. He now trains and coaches elite athletes to compete as well.

His bravery even extends to his personal health journey, including opening up about a condition some people consider too embarrassing or taboo to talk about: overactive bladder.

One in six adults live with overactive bladder symptoms. Latimore was diagnosed in his twenties.

“I’ll talk about anything and everything,” said Latimore, who is also a motivational speaker. “My life is an open book.”

This week is World Continence Week, and in this episode of the Medtronic Open Book series, Latimore unabashedly shares more about his life and long journey to finding some relief from his overactive bladder symptoms.

Watch the episode here.

The agreement was announced on April 9. All necessary approval and closing procedures and conditions have been satisfied. With four new facilities, Sofidel further strengthens its production footprint in the North American market, which today accounts for 50% of the Group’s total revenue.

PORCARI (LUCCA), Italy, June 16, 2025 /3BL/ – Sofidel, one of the world’s leading manufacturers of paper for hygienic and household use, known particularly in Italy and Europe for its Regina brand, is pleased to announce it has finalized the acquisition of the assets of Royal Interco, LLC (“Royal Paper”) for which it had entered into an Asset Purchase Agreement (APA) based on a “stalking horse” bid.

The agreement between Sofidel and Royal Paper – a recognized player in the US in both the At-Home and Away-from-Home segments – was announced on April 9.

All necessary approval and closing procedures have been now completed and satisfied.

Three facilities in Arizona – the paper mill in Gila Bend (with an annual production capacity of 61,000 metric tons) and two converting facilities in Phoenix – and one converting facility in Duncan, South Carolina, officially become part of Sofidel’s production footprint.

“This is another important milestone in our growth journey in North America. The location of these production assets – particularly the three facilities in Arizona – allows us to significantly strengthen our presence in the western United States. This enhances our ability to serve customers and improves our efficiency by reducing delivery times and optimizing logistics” stated Luigi Lazzareschi, CEO of Sofidel.

“The Royal Paper team and its 35 years of paper manufacturing experience in the US market are excited to join the Sofidel family to serve its customers and consumers more completely” said Steve Schoembs, CEO of Royal Paper.

Importantly, Sofidel also plans to offer employment to a significant portion of Royal Paper’s workforce, helping ensure continuity and laying the foundation for future growth together.

With this acquisition, Sofidel now operates a total of 15 facilities in the United States, a market that represents 50% of the Group’s total revenue.

Meanwhile, two production expansion projects are progressing in the U.S.: one at the Duluth paper mill in Minnesota, where buildings are under construction to house new converting lines and an automated warehouse; and one in Circleville, Ohio, where a new paper machine – the third at the facility – with a capacity of 70,000 metric tons, will be activated.

For the Royal Paper acquisition, Sofidel was advised by “Cleary Gottlieb Steen & Hamilton” as legal counsel.

Sofidel Group

The Sofidel Group, headquartered in Porcari (Lucca, Italy), is one of the leading manufacturers of paper for hygienic and household use worldwide. Established in 1966, the Group is active in 13 countries, 12 in Europe and the United States (13 States following the Royal Paper’s assets acquisition), with over 9,000 employees and a production capacity of 1,913,000 metric tons per year (following the Royal Paper’s assets acquisition). In 2024, the Group had Net Sales of 3.225 billion Euros. “Regina”, its most well-known brand, is present on almost all the reference markets. Other brands include: Sopalin, Le Trèfle, Hakle, Softis, Nalys, Cosynel, KittenSoft, Nicky and Papernet. Sofidel is committed to reaching Net-Zero carbon emissions by the end of 2050.

www.sofidel.com

Improving access to medicines and healthcare requires a continued effort to develop new evidence-based solutions that address unmet needs. We engage in scientific collaborations with universities and research centers, start-ups, pharmaceutical companies, hospitals and health maintenance organizations to find external scientific solutions for internal R&D needs. These efforts increase our scientific visibility, while expanding and accelerating our innovative medicines portfolio, in line with the Step-up Innovation pillar of our Pivot to Growth business strategy. Ultimately, these innovation efforts can shorten discovery and development timelines and increase success rates in discovering new drug candidates, as well as finding solutions to advance our pipeline.

Innovation and Collaboration Initiatives

Our approach to innovation is multi-directional, connecting internal needs (identified through meetings and workshops), with external opportunities (identified through deep mapping, our database, AI-based scouting and other conventional approaches). Participation and membership of key industry and trade associations enriches Teva’s network across the industry in line with our strategic focus areas and, as a partner of choice in the biotech ecosystem, we provide access to industry insights and our team’s expertise.

In the USA, we have partnerships with key universities to foster innovation, including Harvard, Thomas Jefferson, Pittsburgh, Oklahoma and Pennsylvania.

In Europe, we have been part of the Innovative Medicines Initiative (IMI) since 2019. It is Europe’s largest public-private partnership in life sciences and aims to develop next-generation vaccines, medicines and treatments. In 2024 we participated in more than eight IMI consortia – from drug discovery to development. Two new consortia focused on biologics and biomarkers:

• RealHOPE: aims to develop guidelines for improving handling of biologic drugs from the user end (pharmacies and patients/ caregivers).
• European Platform for Neurodegenerative Diseases (EPND): intends to establish a platform for storing and analyzing clinical and biological samples and data for biomarker discovery in progressive loss of structure or function of neurons (neurodegeneration).

A strategic focus in our global innovation and collaboration activities revolves around growing and leveraging the health ecosystem in Israel, given Teva’s deep ties to the country, and historic successes that include academic collaborations.

Our engagement approach in Israel re-started in 2020, and since then we have established approximately 50 projects with Israeli researchers; these have received 18 partnership grants to date from the Israel Innovation Authority, two of which were given additional advanced grant funding in 2024.

Key initiatives in our Israel-focused collaboration include:

• AION Labs: An alliance between Teva and three other global pharmaceutical companies, Amazon and the Israel Biotech Fund, AION creates and supports start-ups focusing on artificial intelligence (AI) in drug discovery and development. We play an active role in AION Labs, supporting with training and engagement. AION has created eight new start-up partnerships and plans to establish two more in 2025. In 2024 we partnered to establish CombinAble, an AION start-up, which focuses on antibody optimization. We also supported Celleryx, a start-up focused on AI early diagnostics of cancer and autoimmune diseases based on cell states.
• Organospheres: We work with multiple start-ups, pharma companies and academic groups through Organospheres, a consortium that is developing a human ex-vivo 3D system that could provide an alternative to animals being used in preclinical studies.
• BioInnovators Forum: Each year we offer 30 specialist PhD and post-doctorate students mentorship and training on translational research, and an annual innovation competition for students to develop solutions to unmet medical needs. Since 2020 the program has attracted over 150 graduates since inception, leveraging the skills of young scientists to drive future medical innovation. In 2024, entries included an at-home detection kit for tuberculosis based on breathing molecular analysis, and an IVF support device for the fertilization and implantation of embryos. This program has also been a source for identifying scientific talent to bolster our R&D function.

Since 2020:

50 innovation projects with Israeli researchers

18 partnership grants received from Israel Innovation Authority

150 graduates taken part in BioInnovators Forum

Public Health Research

We collect and use public health and epidemiological data to estimate unmet economic, clinical and social needs of patients across our key TAs, including central nervous system, psychiatric, inflammatory and oncological conditions. Our research focuses on understanding the burden of illness, examining new clinical educational tools and evaluating ways to ensure patients have access to necessary treatments and enable HCPs, payers and other decision-makers to focus on areas with the greatest need. We can also identify appropriate patient populations and design clinical trials with relevant inclusion and exclusion criteria to benefit the maximum number of patients with unmet needs. In 2024, we presented our research at 176 congresses and published 55 peer-reviewed articles across scientific and medical journals.

Teva Research and Development Academic Papers Published on PubMed in 2024 (55 total)

33%	Research Innovation
29%	Neurology/Psychiatry
5%	Immunology
11%	Migraine
4%	Central Nervous System/Pain
7%	Oncology
4%	Cardiovascular
7%	Respiratory

To learn more, read the full 2024 Healthy Future Report.
Read the full 2024 Healthy Future Report Disclosures.