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KAIST led the redeemable convertible preferred stock investment and Checkmate was the sole non-Korean investor. Bredis is a leading neurodegenerative diagnostics company that has pioneered its patent-protected, digital ELISA technology that is 10,000 times more sensitive than existing blood test technology. SEOUL, Korea and PASADENA, Calif., (GLOBE NEWSWIRE) - KAIST Venture Investment Holdings (“ KAIST” or “ KAIST Ventures”), the venture investment fund of Korea Advanced Institute of Science and Technology, and an affiliate of Checkmate Capital Group, LLC (“ Checkmate”), a cross-Pacific strategic advisory group and investment office, are pleased to announce the completion of their investment into Bredis Healthcare (“ Bredis”). Given the Super Sunday Splash Report! from ESPN that Washington is considering tagging Cousins so that it can trade him (a plan that on its face violates Article 4, Section 8, subsection (b)), Cousins could file his grievance now, forcing Washington to put its cards on the table well before March 7.Investment Accelerates Bredis’ Capacity Expansion, Integrated Platform Development and Commercialization in Koreaįurther Announcement of Bredis’ Agreements with Major University Hospitals There’s also an argument to be made that Cousins shouldn’t wait for Washington to put him in check before declaring checkmate. Given the widespread reports of Washington’s plans to acquire and extend Alex Smith, it shouldn’t take seven minutes for an arbitrator to issue a ruling.

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The fact that the window for tagging players closes a week before the start of free agency means that Cousins will have seven days to secure a ruling before the market opens. This portion of the labor deal provides Cousins with a silver bullet to block either the franchise tag or the transition tag, which would require Washington to have a good-faith intent to employ Cousins at $28.7 million. With Washington already planning to trade for, and to extend the contract of, Chiefs quarterback Alex Smith, there’s no way that Washington intends to employ Cousins at $34.47 million for 2018. In English, when a team applies the franchise tender, the team must intend to employ the player at the amount of the franchise tender for the upcoming season. Article 4, Section 8, subsection (b) of the Collective Bargaining Agreement says this: “A Club extending a Required Tender must, for so long as that Tender is extended, have a good faith intention to employ the player receiving the Tender at the Tender compensation level during the upcoming season.” McCarron may not be the only quarterback who secures his freedom via the NFL’s grievance process.Īlbert Breer of SI.com reports that, if Washington applies the franchise tag to Kirk Cousins for a third straight year, “ his camp will quickly file a grievance to block the tag, based on Washington violating the spirit of the rules, which dictate that players are tagged as a mechanism for teams to buy time in getting a long-term deal done.”Īctually, Cousins’ case would be far stronger than that, with the muscle coming not from the inherently ambiguous “spirit of the rules” but on the plain language of them.

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