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Selvita sums up 2021 and announces Development Strategy for 2022-2025

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Selvita S.A. – [ticker: WSE: SLV] – one of the largest preclinical contract research organizations in Europe, continues its dynamic development in Poland and abroad. Following the acquisition of Fidelta,  Selvita Group has more than doubled its sales revenues in 2021, as compared to the year before.

Dynamic growth in all business segments

Selvita Group continued its dynamic development in every segment of its business activity. Commercial revenues from services executed in Poland reached EUR 32.3 million and were 30% higher compared to 2020, when they amounted to EUR 25.5 million. In the fourth quarter of 2021 alone, these revenues increased by as much as 50% y/y, to the level of EUR 9.5 million. In 2021, Fidelta, representing the segment of services executed in Croatia, recorded EUR 27.8 million in commercial revenues with EBITDA of EUR 8.6 million (30.8% margin). In the fourth quarter of 2021 alone, the Company achieved EUR 7.8 million in sales revenues, and EBITDA of EUR 2.5 million with a margin of 31.6%. The bioinformatics segment (Ardigen, a subsidiary company) closed 2021 with EUR 6.9 million of commercial revenues, compared to EUR 4.0 million in 2020 (an increase of 77% y/y). EBITDA was at the level of EUR 2.1 million (27.5% margin) and was 91% higher than in 2020.

Selvita Group continued its development on the key geographic markets. In 2021, revenues from the United States, the largest global market for CROs, increased by over 95% and amounted to EUR 18.9 million. The Group recorded also significant sales revenues from the clients in the United Kingdom, amounting in 2021 to EUR 8.3 million, as compared to EUR 3.1 million a year earlier, which indicates an increase of 171% y/y.

– The past year was a breakthrough one for us. Joining forces with Fidelta and continued dynamic organic growth allowed us to more than double our revenues while maintaining high profitability. Considering this, and the equally strong year 2020, we managed to implement the development strategy planned for four years, in just two. Along with such a dynamic development and a significant increase in the scale of operations, we are invariably able to generate high margins, and we enter the new year with a contract portfolio of over EUR 48 million that will ensure our further development in all segments.

We are not planning to slow down which is why we have already set ourselves new ambitious goals for the coming years – comments Bogusław Sieczkowski, co-founder, significant shareholder and Chief Executive Officer at Selvita.

Development Strategy for 2022-2025

The former Group’s development strategy, announced in April 2020, aimed at an increase in sales revenues up to app. EUR 70million, an increase in the scale of operations through acquisitions as well as over EUR 230 million in market capitalization. Since Selvita Group had achieved these goals by the end of 2021, the Company’s Management Board decided to present a new strategy for 2022-2025.

During the aforementioned period, Selvita Group plans to triple its sales revenues (up to EUR 200 million), while maintaining high profitability. The Group will work to implement its strategy through organic growth and acquisitions. Execution of the planned investments will allow Selvita to become the leading global preclinical CRO.

Selvita Group Development Strategy for 2022-2025 is based on three key principles:

  • Comprehensive services offer in the field of drug discovery and development – supplementing the drug discovery offer and building the drug development segment
  • Focusing on high-value services for the clients – specialization in selected therapeutic areas and development of unique competences
  • Development of the Group’s operations in the largest markets in the United States and United Kingdom – growing teams and potentially establishing new research locations

In the area of acquisitions, in 2020-2025, Selvita plans to acquire at least two preclinical CROs in Europe or North America providing services complementary to the Company’s offer or enabling expansion of the scale of its operations. The Company will allocate a total of EUR 110 million for this purpose, from the cash generated and the debt raised.

One of the basic assumptions of the new strategy is a consistent expansion of the services portfolio in the field of drug discovery and development, which will allow us to offer our clients support at every stage of the drug development process, from the early stage of discovery to the selection of a clinical candidate.  Selvita also plans to develop further competences in selected therapeutic areas, attractive from a clients’ perspective, in order to strengthen its competitive advantage on the global CRO market. Moreover, the Company plans to continue development in the area of drug development and contract testing studies.

In order to efficiently implement the assumptions of the new business development strategy, from March 31, 2022, Fidelta will fully migrate under Selvita brand. This will allow Selvita not only to benefit from the decades-long history of drug discovery experience held by the Croatian team, but also will facilitate communication with customers and strengthen business development activities.

As far as our further business development is considered, we are planning to continue strengthening our presence and position on the largest global markets, i.e. the U.S. and U.K. markets. For this purpose, we intend to hire new specialists in order to strengthen the local teams  – comments Milosz Gruca, Ph.D., Chief Commercial Officer and Executive Vicepresident at Selvita.

The planned development of the Group will be supported by significant investments in the infrastructure. Selvita has already made the first step in this direction, commencing in 2021, the construction of its own research center. By 2025, the Company plans to complete the second stage of this investment, i.e. to build another laboratory building. To secure the possibility of further organic growth after 2025, Selvita acquired an additional, adjacent building plot in early March this year. In addition to investing in its own laboratories in Krakow, the Company plans to simultaneously increase the research space leased in Zagreb and Poznan.

Financing of the new Development Strategy

Selvita Group plans to allocate a total sum of approximately EUR 210 million for the implementation of the development strategy. The Group plans to spend EUR 40m on financing organic growth, another EUR 60m on laboratory infrastructure expansion and EUR 110m on acquisitions.

– We are a company with a stable and very good profitability, which, given the low level of debt we currently have, will allow us to finance the entirety of the planned investments. We consider the possible acquisition of additional capital as something extraordinary that could happen only in the event of financing major acquisitions – adds Sieczkowski.

– From the very beginning of Selvita, our aim was to build a strong brand with a solid position on the market. Years of effort and the commitment of the entire team are bringing us closer to our goal which is to become a large, global player. Organic growth will continue to be the major factor driving our growth, and to make it possible we will be investing in infrastructure expansion and strengthening our scientific team.  Moreover, in the coming years, we intend to continue our development through acquisitions. The recent  acquisition of Fidelta has shown us clearly what a great impact a well-selected partner can make on both the scale of operations and the scope of competences.

We firmly believe that thanks to the accomplishment of the goals of our development strategy, Selvita will become a leading global preclinical CRO company – sums up Boguslaw Sieczkowski.

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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May 25, 2024

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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May 24, 2024

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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3 days ago

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May 24, 2024

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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