ROSEN, A TOP RANKED FIRM, Encourages BioLineRx Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – BLRX

NEW YORK, Feb. 19, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of BioLineRx Ltd. (NASDAQ: BLRX) between February 23, 2021 and September 19, 2022, both dates inclusive (the “Class Period”), of the important March 6, 2023 lead plaintiff deadline.

SO WHAT: If you purchased BioLine securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the BioLine class action, go to https://rosenlegal.com/submit-form/?case_id=8781 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 6, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) the Company was not well financed to develop Motixafortide while at the same time advancing other pipeline programs; (2) BioLine would require a loan from Kreos Capital VII Aggregator SCSP in an aggregate principal amount of up to $40 million and then also would require a $15M securities offering to facilitate the commercial launch of Motixafortide; and (3) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the truth emerged, the lawsuit claims that investors suffered damages.

To join the BioLine class action, go to https://rosenlegal.com/submit-form/?case_id=8781 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8751927

Sudan teachers strike: Khartoum exam boycott begins

Teachers in Khartoum are boycotting exams that were supposed to begin on Sunday, as part of a national strike by teachers of government schools, in a large number of states in Sudan.

Duriya Babiker, leading Sudanese Teachers’ Committee member, told Radio Dabanga that most of Sudan’s streets remain empty of schoolchildren as the strike, which started in December, entered it’s tenth week.

“There are schools to which a small number of students attend.” At these schools, “teachers explain the situation and the rights of teachers to the students” instead of holding a class, she said.

The Khartoum Teachers Committee boycotted primary and intermediate school exams which were issued by the Ministry of Education on Sunday. Babiker told Radio Dabanga that some students’ parents refused to accept the exams.

She said that the Teachers’ Committee meeting with the Undersecretary of the Ministry of Finance, which was held yesterday, concluded with setting a date for another meeting next Sunday. The meeting will aim to “schedule benefits and increase the minimum wage.” This will be the final meeting with the Ministry of Finance, according to the committee.

In mid-January, after the teachers announced that they would continue their strike, the Khartoum state Ministry of Education decided to continue with school exams for the primary and secondary students this school year.

Teachers commented that this was done to press the state teachers to return to work again in order to prepare the students for the exams. Many private schools in Khartoum continued classes ‘as normal’ after a mid-year holiday was suddenly announced in January.

On February 12, teachers in Khartoum should have begun to receive any outstanding dues and salaries which have been delayed, including those in January, according to Undersecretary of the federal Ministry of Finance and Economic Planning Abdallah Ibrahim. Radio Dabanga reported last week that those dues are yet to be paid.

Source: Radio Dabanga

Juba Peace Agreement: Sudan signs new implementation matrix

Parties to the Juba Peace Agreement (JPA) signed a new implementation matrix in the South Sudanese capital yesterday, attended by the President of the Sovereignty Council Lt Gen Abdelfattah El Burhan and President of South Sudan Salva Kiir Mayardit.

Stephanie Khoury, representative of the?UN Integrated Transition Assistance Mission in Sudan?(UNITAMS),?stressed the need to prioritise the implementation of the JPA. She highlighted discussions over the implementation of various protocols of the agreement at the Juba workshop, brokered by the South Sudanese mediation team last week.?

During her address at the signing ceremony, she stressed the importance of a comprehensive political process led by the Sudanese people.

The Norwegian ambassador to South Sudan called on the signatories to also benefit from the results of the JPA conference held in Khartoum at the beginning of this month. She stressed that the Framework Agreement signed on December 5 by the military junta and civilian opposition groups is “the appropriate option to realise a civilian government”.

El Burhan said in a speech during the signing ceremony that “the Juba workshop is concerned with evaluating the implementation of the JPA unlike the conference in Khartoum” organised by the signatories to the Framework Agreement in cooperation with the AU-IGAD-UNITAMS Trilateral Mechanism in early February.

He affirmed that “the Government of Sudan will implement the matrix until peace is achieved.”?He stressed the government’s “strict commitment” to the outputs of the workshop, indicating that the new matrix is a new impetus for reaching peace.

The army commander also reported that Sudan has made nine cooperation agreements with Juba, as part of the South Sudan peace agreement.

Contribution to dialogue

The South Sudanese president renewed his call on?holdout rebel movements, the Sudan People’s Liberation Movement-North faction under the leadership of?Abdelaziz El Hilu and Sudan Liberation Movement led by Abdelwahid El Nur (SLM-AW), to join the JPA.

In his address to the matrix signing ceremony, he said that the Juba workshop must be understood as “a contribution to the ongoing dialogue in Sudan” on the most appropriate options for a democratic transition.

He lauded the efforts of the Trilateral Mechanism to reach a consensus for the implementation of the JPA and appealed to the international community to support Sudan with the requirements for implementing the agreement.

He said that the signing of the matrix provides an opportunity for the government to engage in dialogue with all groups and political forces to reach comprehensive peace in Sudan.

Lack of implementation

Minni Arko Minawi, head of the Sudan Liberation Movement breakaway faction SLM-MM who was appointed Governor of Darfur by PM Abdallah Hamdok in April 2021, about six months after the signing of the JPA on October 3, 2020, criticised the failure of the international community to fulfil its obligations towards the implementation of the JPA.

In his address at the signing ceremony, he reiterated that 90 per cent of the JPA has not yet been implemented. He attributed the lack of implementation to conflicts between the military and the civilian government of Hamdok, “struggles between hotheads and financial empires” following the?military?coup d’état of October 25, along with a “stumbling and slow” democratic transition, lack of will to implement the JPA, and “disruption of national and international support for Sudan.”

The absence of international monitoring “encouraged the disavowal of one of the main parties of the formal application of the JPA stipulations and the delay in the implementation of security and constitutional arrangements, whereas certain parties exploited the differences between the JPA signatories.”

Peace enforcement

The Darfur governor said that the joint security forces that graduated seven months ago are still waiting to do their part, while the security situation further deteriorates and the number of displaced people increases. “The killings took place before our eyes.”?

He urged the formation of peace enforcement mechanisms by order of the President of the Sovereignty Council to move forward with the implementation of the JPA. He also recommended expediting the formation of the monitoring units by South Sudan, Chad, Egypt, and the United Arab Emirates. Qatar should be included among the guarantors. UNITAMS should also be involved in the process, he said.

Minawi further stressed the need to find “satisfactory solutions” for the issue of eastern Sudan, “which is witnessing polarisation locally, regionally and internationally.”

Source: Radio Dabanga

Rapid Support Forces leader says ‘coup was a wrong step’

Lt Gen Mohamed ‘Hemeti’ Dagalo, Vice President of the Sovereignty Council and Commander of the paramilitary Rapid Support Forces (RSF), acknowledged that the military coup was wrong, indicating that the coup has become a gateway for affiliates of the former regime to return.?

He accused employees of the defunct regime who returned to their positions after the?coup d’état of October 2021 of seeking to drive a wedge between the army and the RSF.

These statements reportedly come against the background of the speeches of army commander Lt Gen Abdelfattah El Burhan in which he pledged his commitment to the formation of a civilian government and integrating the RSF militia into the Sudan Armed Forces (SAF).

Hemeti said in a press conference in Khartoum on Sunday that “days after the coup, it became clear that the coup was a wrong step.” These comments contradict his position on November 7, 2021, when he said that El Burhan had come “to correct the course of the people’s revolution and preserve the security and stability of the country.”

During the press conference, he said he will not hesitate “to return to the right track” and withdraw from political power and hand it over to a transitional civilian government “in agreement with El Burhan and the SAF leadership.”

The militia leader referred to his participation in the three conferences, on the removal of Al Bashir’s empowerment policies, the Juba Peace Agreement review conference, and the issue of eastern Sudan, recently organised by the civilian signatories of the Framework Agreement signed on December 5 by the military junta and civilian opposition groups.

He stressed the importance of moving forward with the current political process based on the Framework Agreement which will lead to the formation of a civilian government. “The ongoing political process is the only way out of the current crisis.”

He acknowledged the slow pace of the political process. “The time has come to reach a final political solution and for the military institution to return to the barracks and devote itself to its tasks.”

Hemeti called on the international community to provide the necessary support to the upcoming civilian government.?He said he is ready for constructive relations with the international community and the region, and to avoid any relations that affect peace and international security.

He accused “elements of the defunct regime of seeking to drive a wedge between the Sudanese army and the RSF,” telling them to “remove your hands from sedition in the military and civilian establishment, in order to achieve the stability of the country.” Hemeti affirmed his commitment to the stipulations of the Framework Agreement by “merging the RSF, according to specific schedules, into a reformed and modernised security and military institution that would stay clear from politics and economy.”?

“The SAF will not become an instrument for a party or another political group, as they are owned by the Sudanese people.”

Following the military coup of October 25, members of the Al Bashir regime who were dismissed during the government of PM Abdallah Hamdok (2019-2021), were given the opportunity to return to their former positions, including the judiciary. Many practices from the Al Bashir era reappeared in the country. In November last year, El Burhan himself warned the former ruling National Congress Party (NCP) not to interfere with the army or in politics, though his speech was dubbed “political manoeuvring” by critics.

Hemeti is the leader of Sudan’s most infamous and notorious paramilitary. The RSF is widely believed to be responsible for atrocities in the Kordofan and Darfur regions in the past years and is also widely condemned for their role in the October 25 military coup and subsequent violence against pro-democracy protesters.

Source: Radio Dabanga

Khartoum bus owners plan open strike

The Executive Office of Public Transport Owners and Drivers in Khartoum are planning an open strike to reject increases in licensing fees and traffic fines announced by the Khartoum state government two days ago.

Following a meeting on Sunday, the bus and minibus owners said in a statement that they decided on an open strike in order to compel the Khartoum authorities to back down from the recent increases in traffic fines.

The government also announced that the licensing fees for working on a route issued by the Petroleum Administration and other levies imposed by localities on transportation stops will be increased.?“They are forcing us to increase the transportation fares by about 600 per cent,” the statement said.

A bus driver strike caused “complete paralysis” in the Sudanese capital in January after workers laid down their tools in protest against “increases in license fees and traffic fines, and unreasonable taxes.”

The Sudanese government is not receiving any external support for its annual budget for the second year in a row, so it must rely on its own resources to complete the 2023 budget.

However, many economic experts in the region are not convinced that increasing taxes is a good way to support Sudan’s economy. They warn that it will further increase the economic hardships of many Sudanese.

Source: Radio Dabanga