Cubic and LA Metro Release Contactless Fare Payment Option on Android

Cubic and LA Metro Release Contactless Fare Payment Option on Android

Metro riders can now “tap and ride” with the TAP app on Android

SAN DIEGO–(BUSINESS WIRE)–Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and the Los Angeles County Metropolitan Transportation Authority (Metro) launched the regional TAP application for Android phones, delivering a safe, contactless way to pay transit fare on Metro and 25 additional TAP transit agencies in L.A. County.

Cubic and Metro produced the state-of-the-art mobile application, which brings together virtual fare payment, TAP card management, trip-finding, multimodal program information and more, in one easy-to-use app.

“Cubic’s partnership with Metro has been a collaborative effort to continually deliver innovative solutions that simplify journeys for Metro riders,” said Jeff Lowinger, president of Cubic Transportation Systems. “The TAP app on Android ensures a safer, more convenient way to travel on Metro. Riders now have a TAP vending machine on their Android device and their entire account and journey can be managed from their device.”

By adding the TAP app on an Android device, riders can “tap and ride”, holding their device near the TAP validator upon boarding a bus or train and the fare is deducted immediately. The TAP app allows users to manage their TAP accounts and various multi-modal programs, such as Metro Bike Share, in addition to planning their journeys with a regional trip planner.

This Android release follows the iPhone and Apple Watch launch last September. For more information, visit taptogo.net.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp.

Lauren Jochum

Cubic Transportation Systems

865-466-3860

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Other Transport Public Transport Technology Mobile/Wireless Rail Transport Other Travel Transportation Travel

MEDIA:

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American Cannabis Company, Inc. Talks to The Stock Day Podcast About Its 2021 Acquisition Strategy 

DENVER, CO, Jan. 29, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — The Stock Day Podcast welcomed American Cannabis Company, Inc. (OTCQB: AMMJ) (“the Company”), a company that offers end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. CEO of the Company, Terry Buffalo, joined Stock Day host Everett Jolly.

Jolly commented on the Company’s impressive growth over the last year, and asked about their background and current projects. “American Cannabis Company has been around since 2013,” shared Buffalo. “The company has built out over 2 million square feet of growth space, and along the way we have been looking to add additional products and services, which we have with SoHum Living Soils®,” he continued. “We’re currently looking to make these acquisitions and we’re happy to be able to diversify our income, and hopefully level our income, by adding these acquisitions to our portfolio.”

Jolly then asked about the Company’s recent announcement detailing a non-binding Letter of Intent (LOI) to purchase assets of Good Meds and BOSM Labs, a cannabis cultivation and extraction facility operating in a 60,000 sq. ft. building. “We have started the due diligence and the audit process is underway, and we’re looking to close this acquisition hopefully in the second quarter of this year,” said Buffalo. “It provides us the opportunity to expand up to 60,000 sq. ft. to help meet the growing medical and adult demand in the Colorado market.”

The conversation then turned to BOSM Labs, which produces live resin, live batter, budder, and shatter. “One of the big advantages of BOSM is that it is a hydrocarbon extraction lab. So, that will provide us the ability to add new products, SKUs, and meet the ever-growing demand here in the Colorado market.”

“What do you think will be some of the catalysts you will try to get done in the next two to three quarters?” asked Jolly. “The biggest thing is to get these two acquisitions that we have on the schedule for 2021, get them integrated into the company, and then start looking for 2022 opportunities,” said Buffalo.

Buffalo then elaborated on the Company’s consulting services division. “We’ve seen a big increase in calls and emails into the company. We have new clients now in all five states, and we are currently looking to add a few more in each one of those five states,” said Buffalo. “We’re looking for additional states to potentially come onboard before the end of the year, which will hopefully increase our consulting business for 2021.”

To close the interview, Buffalo shared that the Company will continue to be strategic in their acquisitions with a strong focus on building shareholder value. “We’re not just looking at top-line numbers, we’re looking to see how we can have profit,” said Buffalo. “That is our goal and I appreciate our shareholders being patient,” he added. “We’re working every day to bring value and provide a much cleaner type of product for the consumer than what is out there right now. Cleaner and greener is always the standard.”

To hear Terry Buffalo’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7784397-american-cannabis-company-inc-discusses-its-2021-acquisition-strategy-with-the-stock-day-podcast

Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/

About American Cannabis Company, Inc.

American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. We utilize our industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. We are continuing to grow the Company by promoting our operational management services, and license the American Cannabis Company brand, as well as continuing to analyze acquisition opportunities worldwide. American Cannabis Company also developed and owns a portfolio of branded products including: SoHum Living Soils® – Winner of the High Times S.T.A.S.H Award for “Best Potting Mix”, The Cultivation Cube™ and the High-Density Cultivation System™. We also design and provide other industry specific custom product solutions.

For more information about American Cannabis Company, please visit:
www.theacclife.com
www.americancannabisconsulting.com
www.americancannabiscompanyinc.com
www.sohumsoils.com
www.americanhempservices.com

For more information on Good Meds, please visit:
https://www.goodmeds.com/

For more information on BOSM Labs, please visit:
https://www.goodmeds.com/bosm-labs/

Video Links:
https://americancannabisconsulting.com/resources/video/ (ACC Site)
https://www.youtube.com/watch?v=aENC4aeNZis (High Density Cultivation System)
https://www.youtube.com/watch?v=e9rNxFph_tQ&t (Cultivation Cube)
https://www.youtube.com/watch?v=XoIcopO2yE8&t (SoHum Living Soils®)

Forward Looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based drugs. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Cannabis Remains an Illegal Schedule 1 Drug Under Federal Law

Cannabis and its derivatives are considered illegal “Schedule 1” drugs under the Controlled Substances Act (21 U.S.C. § 811). As such, Cannabis and its derivatives are viewed as being highly addictive and having no medical value. The United States Drug Enforcement Agency enforces the Controlled Substances Act, and persons violating it are subject to federal criminal prosecution. The criminal penalty structure in the Controlled Substances Act is determined based on the specific predicate violations, including but not limited to: simple possession, drug trafficking, attempt and conspiracy, distribution to minors, trafficking in drug paraphernalia, money laundering, racketeering, environmental damage from illegal manufacturing, continuing criminal enterprise, and smuggling. A first conviction under the Controlled Substances Act can generally result in possible fines from $250,000 to $50 million dollars, and incarceration for periods generally from five and up to forty years. For a second conviction, fines increase generally from $500,000 to $75 million dollars, and incarceration for periods generally from ten years to twenty years to life.

Contact:

[email protected]
303-974-4770

About The “Stock Day” Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.



Climate Real Impact Solutions II Acquisition Corporation Closes Its Public Offering

Climate Real Impact Solutions II Acquisition Corporation Closes Its Public Offering

Clean energy veterans launch second climate-focused SPAC to advance decarbonization solutions for the home, office and road

NEW YORK–(BUSINESS WIRE)–
Climate Real Impact Solutions II Acquisition Corporation (CRIS II) today announced the closing of its initial public offering of 24,150,000 units at a price of $10.00 per unit, including 3,150,000 units sold to the underwriters pursuant to the full exercise of the over-allotment option. CRIS II is the second climate-focused special-purpose acquisition company (SPAC) launched by a veteran team of founders and directors with decades of leadership and operating experience in the utility, renewable energy, private equity and finance industries. The first, Climate Change Crisis Real Impact I Acquisition Corporation, dba Climate Real Impact Solutions (CRIS), announced on January 22, 2021 a definitive agreement for business combination with EVgo, the largest electric vehicle public fast charging network in the U.S.

CRIS II is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (PIMCO), which has more than $640 billion in sustainable investment assets under its management.

For its evaluation of transaction opportunities, CRIS II will employ a business acquisition strategy that utilizes both financial and environmental metrics to maximize the value and the climate impact of the combined company. As with CRIS, the team will concentrate on an acquisition target involved in decarbonization of consumers’ homes, offices and means of transportation. Focusing on these subsectors offers opportunities for accelerating value creation by climate technologies that have already demonstrated commercial effectiveness and economic viability.

The CRIS II founders and directors offer wide-ranging, industry-leading expertise and experience, with clean energy and financial leadership roles served at Fortune 500 companies, private equity and investment firms, and government regulatory and advisory groups.

CRIS II will retain the executive leadership team from CRIS, consisting of co-founder, chief executive officer and director David Crane, former CEO of NRG Energy, Inc.; co-founder and chief financial officer John Cavalier, former managing partner of Hudson Clean Energy Partners and global chairman/senior advisor of Credit Suisse’s Energy Group; and co-founder and chief commercial officer Beth Comstock, former Vice Chair of General Electric (GE).

Richard Kauffman, energy investor and former New York State Chairman of Energy and Finance with oversight of the New York Energy Research and Development Authority (NYSERDA) and Jamie Weinstein, managing director, portfolio manager and head of corporate special situations at PIMCO, who both serve as directors for CRIS, will also serve on the CRIS II board of directors, Kauffman as chairman. New board members for CRIS II include:

  • Tanuja Dehne, independent director, president and CEO of the Geraldine R. Dodge Foundation, and former Chief Administrative Officer and Chief of Staff of NRG Energy, Inc.
  • Dawn Lippert, independent director, founder and CEO of Elemental Excelerator, Inc., a global climate technology investor and non-profit impact organization, and member of the Executive Council for Clean Energy for President Biden
  • Ron Lumbra, independent director, partner in the Global CEO & Board of Directors Practice at worldwide leadership advisory firm Heidrick & Struggles International Incorporated

“Our generation sits at a critical crossroads for tackling the climate crisis, and the upswell of support from the public markets in the last year for climate solutions shows us the financial commitments to rise to this moment are lining up,” said David Crane, CRIS II CEO and founder. “Decarbonization represents trillions of dollars in opportunity over the coming years and requires sustained efforts by clean energy leaders to scale impactful, high-growth climate solutions. Having reached an agreement on a deal for our first SPAC last week, CRIS II is an immediate renewal of our team’s commitment to identifying the companies delivering these solutions and providing them with the access to capital and counsel needed to accelerate their growth and transform their respective contributions to fighting the climate crisis.”

Advisors

Barclays and BofA Securities acted as joint book-running managers for the offering. Academy Securities, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC, Roberts and Ryan and Siebert Williams Shank acted as co-managers. Ropes & Gray LLP served as counsel to CRIS II and Davis Polk & Wardwell LLP served as counsel to the underwriters.

About Climate Real Impact Solutions II

Climate Real Impact Solutions II Acquisition Corporation (CRIS II) (NYSE: CLIM.U) is a special-purpose acquisition company (SPAC) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. CRIS II is the second SPAC led by a seasoned operations and leadership team with decades of experience at the intersection of climate change and capitalism and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power.

Isaac Steinmetz

Director of Media Relations

[email protected]

646-883-3655

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

SoCalGas Data Analytics Team Named Most Innovative in the U.S.

Utility Analytics Institute recognizes SoCalGas’ excellence in data analytics, which has saved millions of dollars for the company and its customers

PR Newswire

LOS ANGELES, Jan. 29, 2021 /PRNewswire/ — Southern California Gas Co. (SoCalGas) announced today that its data analytics work has been recognized as the most innovative among over 150 utilities across the U.S. and the world by the Utility Analytics Institute (UAI).  The UAI praised SoCalGas’ use of data analytics to increase safety, save money for its customers, improve customer service, help conserve energy, and cut greenhouse gas emissions.

“We are honored to have been recognized for this award,” said Gillian Wright, senior vice president and chief customer officer at SoCalGas. “The work our data analytics team does is innovative, progressive, forward-thinking and leads to solving the company’s most complex business challenges. All of this is in support of SoCalGas’ mission to become the cleanest, safest and most innovative energy company in America.”

“SoCalGas has made impressive contributions to data analytics within the utility industry,” said Gina Weber, managing director at UAI. “Each winner of the UAI Excellence Awards was selected from a pool of talented individuals, teams and organizations and we congratulation them on this well-deserved recognition.”

Increased energy conservation is among the many benefits of SoCalGas’ data analytics work. For example, the utility’s data analytics team developed a way to identify customers who were less likely to conserve energy during a winter cold snap, allowing the company to target those households with reminders of the tools and information available to help them manage their natural gas use. This initiative is now saving these targeted customers over 300,000 therms of energy every year, reducing the bills of as many as 100,000 customers and decreasing greenhouse gas emissions. These reductions are among the more than 36.5 million therms SoCalGas helped natural gas users conserve through energy efficiency last year—saving customers more than $64 million and reducing carbon emissions linked to climate change by nearly 193,000 metric tons, the equivalent of taking 42,000 cars off the road for a year.

SoCalGas is also using data analytics to increase the safety of its employees and customers, and the new safety challenges created by the Covid-19 pandemic provide one example: Since the pandemic began, data analytics have allowed pinpoint accuracy in predicting the number and location of customer service orders, allowing for highly effective inventory management of Personal Protective Equipment as well as appropriate staffing at the 75 facilities across SoCalGas’ 24,000 square mile service territory.  

The data analytics team is also working to keep employees safe by providing customer service technicians with data to help them avoid hazards. Each technician will soon be provided with notice of hazardous driving routes prone to accidents, Covid-19 case rates in various geographic areas, and reminders of special safety precautions and gear required for certain types of service calls.

Preventing damage to gas pipelines is another way SoCalGas is using data analytics to increase safety. The company gathers construction permit data to gauge increased potential of gas line damage due to excavation. Areas where more construction permits are issued now receive additional reminders to have gas pipeline areas marked prior to any construction digging, along with other gas safety information.

In another example, data analytics is allowing SoCalGas to drastically reduce vehicle trips to inspect gas meters, which both increases employee safety and reduces greenhouse gas emissions associated with driving. In-depth analysis of data from the company’s Advance Meter technology can now accurately identify faulty meters without physical inspections. Every year, almost 50,000 inspection trips are avoided, leading to about 370,000 fewer miles driven, and saving 180 metric tons in carbon dioxide emissions per year. 

The UAI is a global consortium of over 160 member utilities and provides support to the industry with the goal of advancing utility transformation through analytics and digital innovation. To win the award, SoCalGas’ Performance Management and Operational Strategy (PMOS) team underwent panel interviews and provided case studies to demonstrate the many innovative ways they have tackled complex business processes and problems across SoCalGas.

Recently, SoCalGas announced its mission to build the cleanest, safest, and most innovative energy company in North America. More information on SoCalGas’ mission and strategic priorities can be found at socalgas.com/mission.

About SoCalGas 
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company’s pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas’ mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.  

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/socalgas-data-analytics-team-named-most-innovative-in-the-us-301218231.html

SOURCE Southern California Gas Company

ONTOZRY™ (cenobamate) receives positive CHMP opinion for the adjunctive treatment of uncontrolled focal onset seizures in adults*

Positive CHMP opinion is an important milestone for Arvelle Therapeutics and cenobamate

When approved, cenobamate will provide new hope in helping adult patients with uncontrolled focal epilepsy move closer to the goal of seizure reduction and seizure freedom

ZUG, Switzerland, Jan. 29, 2021 (GLOBE NEWSWIRE) — Arvelle Therapeutics, an emerging biopharmaceutical company focused on bringing innovative treatments to patients suffering from central nervous system (CNS) disorders, today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended the approval of cenobamate for the adjunctive treatment of focal onset seizures with or without secondary generalization in adult patients with epilepsy who have not been adequately controlled despite a history of treatment with at least 2 anti-epileptic products.

The European Commission (EC), which is authorized to approve medicines in the European Union, is expected to issue its decision within 67 days of receipt of the CHMP opinion.

There are an estimated six million people in Europe with epilepsy1 and approximately 40% of adult people with epilepsy have inadequate control of seizures after treatment with two anti-seizure medications (ASMs).2

Mark Altmeyer, President and CEO, Arvelle Therapeutics, said,
“Despite the number of ASMs that are currently available, a large proportion of patients continue to have seizures which can have devastating effects on them and their families’ lives. Cenobamate has been shown to significantly improve seizure control for focal-onset seizures in adult patients and this positive CHMP opinion means that patients may soon have a new treatment option,” he added.

In January 2021, Angelini Pharma announced that they concluded a definitive merger agreement under which Angelini Pharma will acquire Arvelle Therapeutics. As a result, Angelini Pharma will have the exclusive license to commercialize cenobamate in the European Union and other countries in the European Economic Area (Switzerland and the United Kingdom). Angelini plans to launch cenobamate after receiving approval from the EC which is expected by Q2 2021.

“Positive CHMP opinion of cenobamate represents an important milestone for Angelini Pharma and for patients. Cenobamate showed significant efficacy, with more patients achieving a 50% or greater reduction in seizure frequency and unprecedented rates of seizure freedom of up to 21% compared to placebo. We are impressed and excited about what Arvelle Therapeutics’ people have achieved and built since we share the same vision,” said Pierluigi Antonelli, CEO Angelini Pharma. “The acquisition of Arvelle Therapeutics will propel us into a leading European player, well positioned to address the needs of patients with different Central Nervous System (CNS) disorders through an innovative portfolio, medical capabilities and extensive commercial presence. The agreement will be completed in the first week of February.”

Cenobamate, which was discovered by SK Biopharmaceuticals, has been approved by the U.S. Food and Drug Administration (FDA) for the treatment of partial-onset (focal) seizures in adults, and it is commercially available in the U.S under the trademark XCOPRI® (cenobamate tablets) CV.

Dr. Jeong Woo Cho, CEO of SK Biopharmaceuticals, said, “The positive CHMP opinion brings us all toward achieving a major milestone that will enable patients in Europe to access cenobamate, which has been 20 years in the making, once approved, SK Biopharmaceuticals will ensure, with its European partners, a launch of this medicine to the epilepsy community.”

The CHMP positive opinion was based on three trials involving over 1,900 patients. The main trial (study 017) published in The Lancet Neurology3 was a multicentre, double-blind, randomized, placebo-controlled trial that demonstrated that cenobamate is an effective treatment option for adult patients with focal-onset seizures taking 1-3 ASMs.

Cenobamate demonstrated significantly higher responder rates (percentage of patients achieving ≥50% reduction in seizures frequency) across all doses during the 12-week maintenance phase compared to placebo. The ≥50% responder rates were 40% (p=0.036), 56% (p<0.001), and 64% (p<0.001), for the 100 mg/day, 200 mg/day, and 400 mg/day cenobamate groups, respectively, compared to 25% for placebo. Furthermore, 4% (not significant, p=0.369), 11% (p=0.002), and 21% (p<0.001), of patients treated with cenobamate 100 mg, 200 mg, and 400 mg, respectively, reported 100% reduction in seizure frequency (100% seizure freedom) compared with only 1% of placebo-treated patients during the maintenance phase.3

The global disease burden of epilepsy is high.4,5 A diagnosis of epilepsy may confer significant disability on the individual, including physical, psychological and social problems that could negatively impact self-esteem, family, relationships, leisure, work, career prospects and ability to drive.4,6

In addition, people with epilepsy whose seizures are poorly controlled have higher morbidity and mortality rates and often experience comorbid illnesses, social stigmatisation, psychological dysfunction and a reduced quality of life.7,8

*Cenobamate was recommended as adjunctive treatment of focal onset seizures with or without secondary generalization in adult patients with epilepsy who have not been adequately controlled despite a history of treatment with at least 2 anti-epileptic products.

About Arvelle Therapeutics

Arvelle Therapeutics is an emerging biopharmaceutical company focused on bringing innovative solutions to patients suffering from CNS disorders. Arvelle is responsible for the development and commercialization of cenobamate, an investigational anti-seizure medicine, in the European market. Arvelle is headquartered in Switzerland and received start-up financing of $207.8 million, one of the largest initial financing commitments for a European-focused biopharmaceutical company, with investments from a global syndicate including NovaQuest Capital Management, BRV Capital Management, LSP, H.I.G. BioHealth Partners, Andera Partners, F-Prime Capital and KB Investments. More information is available at https://arvelletx.com.

About Angelini Pharma

Angelini Pharma is an international pharmaceutical company, part of the Italian privately-owned Angelini Group. Angelini Pharma is committed to helping patients in the therapeutic areas of Mental Health (including Pain), Rare Diseases and Consumer Healthcare. Over the past 50 years, in the field of mental health, Angelini Pharma has gained international recognition for its substantial efforts to improve the management of patients with mental health disorders thanks to important, internally developed, molecules (such as trazodone) and its commitment to fighting mental health stigma. Angelini Pharma operates directly in 15 countries employing almost 3,000 people and commercializes its products in more than 50 countries through strategic alliances with leading international pharmaceutical groups.

In January 2021, Angelini Pharma announced that they concluded a definitive merger agreement under which Angelini Pharma will acquire Arvelle Therapeutics. As a result, Angelini Pharma will have the exclusive license to commercialize cenobamate in the European Union and other countries in the European Economic Area (Switzerland and the United Kingdom).

About SK Biopharmaceuticals Co., Ltd.

SK Biopharmaceuticals and its U.S. subsidiary SK life science are global pharmaceutical companies focused on the research, development and commercialization of treatments for disorders of the central nervous system (CNS). The companies have a pipeline of eight compounds in development for the treatment of CNS disorders, including epilepsy. Additionally, SK Biopharmaceuticals is focused on early research in oncology. For more information, visit SK Biopharmaceuticals’ website at www.skbp.com/eng and SK life science’s website at www.SKLifeScienceInc.com.

About Cenobamate
Cenobamate was discovered by SK Biopharmaceuticals and SK life science and is an FDA-approved ASM for the treatment of partial-onset seizures in adults (also known as focal-onset seizures). Cenobamate has been approved in the U.S. where it is commercially available under the trademark XCOPRI®.9  IMPORTANT SAFETY INFORMATION AND INDICATION FOR XCOPRI® (cenobamate tablets) CV can be found on www.xcopri.com

Cenobamate is a novel small molecule that provides a unique, dual, complementary mechanism of action aimed at treatment of seizures.10,11,12 Cenobamate is the only anti-seizure medication which, at clinically relevant concentrations, acts both as a positive allosteric modulator of GABAA receptors at a non-benzodiazepine binding site and preferentially blocks the persistent sodium current.11,12 The unique dual mechanism of action of cenobamate suggests that it has the potential to both prevent seizure initiation and limit seizure spread.13,14,15,16,17

Long-term data of cenobamate is being studied in the open-label extensions of the double-blind placebo control trials as well as the open-label safety study in adults with uncontrolled focal-onset seizures.18 Additionally, cenobamate is being assessed in an ongoing randomized, double-blind, placebo-controlled trial evaluating its safety and efficacy as adjunctive therapy in patients with primary generalized tonic-clonic seizures (NCT03678753).19

Cenobamate has recently gained recognition by healthcare regulatory bodies in the United Kingdom and Germany given its potential use in treatment resistant focal-onset seizures in epilepsy. The UK Medicines and Healthcare Products Regulatory Agency (MHRA) has designated cenobamate as a Promising Innovative Medicine (PIM). A PIM designation is an early indication that a medicinal product is a promising candidate for the Early Access to Medicines Scheme.

In addition, as of August 2020, the German Federal Institute for Drugs and Medical Devices (BfArM) has included cenobamate for the treatment of drug-resistant focal-onset seizures in adults in its list of confirmed drugs for compassionate use (CPU) programmes for one year within the country.

About Study 017

3

Study 017 was a multicentre, double-blind, randomized, placebo-controlled, dose-response study to evaluate the safety and efficacy of cenobamate as an adjunctive therapy in adults (18 to 70 years old) with uncontrolled focal epilepsy despite treatment with 1-3 anti-epileptic drugs (AEDs).

Following an 8-week baseline period, the study participants were randomized to one of three doses of cenobamate (100 mg, 200 mg and 400 mg once daily) or placebo for 18 weeks (6-week titration phase and 12-week maintenance phase). The primary outcomes were median percentage seizure reduction over the entire study and ≥50% responder rate (percentage of patients achieving ≥50% reduction in seizures) during the maintenance phase. Patients who had the option to enrol in an open-label extension of the 017 study will provide additional insight into the long-term clinical efficacy and safety profile of adjunctive cenobamate.

References

1. Epilepsy Alliance Europe. Background information. https://www.epilepsyallianceeurope.org/about/background/ Last accessed 03.12.2020.
2. Chen Z et al. JAMA Neurol. 2018 Mar 1;75(3):279-286.
3. Krauss GL et al. Lancet Neurol. 2020 Apr;19(4):288-289.
4. Epilepsy: a public health imperative. Geneva: World Health Organization; 2019. Licence: CC BY-NC-SA 3.0 IGO.
5. ILAE/IBE/WHO. Global Campaign Against Epilepsy: Out of the Shadows. 2003.
6. Kaiser S, et al. Seizure. 2002;11:356–360.
7. Engel J. Neurol. 2003;60(9):1412.
8. Engel J. Ann Indian Acad Neurol. 2014;17(Suppl 1):S12–7.
9. Cenobamate prescribing information. FDA. Last accessed 20 July, 2020. https://www.accessdata.fda.gov/drugsatfda_docs/label/2019/212839s000lbl.pdf 
10. Guignet M, Campbell A, White HS, Epilepsia. 2020 Oct 16. doi: 10.1111/epi.16718. Online ahead of print
11. Nakamura M, et al. Eur J Pharmacol 2019;855:175-182.
12. Sharma R, et al. Eur J Pharmacol 2020;879:173117.
13. Anderson LL et al., Epilepsia 2014; 55(8):1274-1283.
14. Piredda SG et al, J Pharmacol Exp Ther. 1985;232(3):741-745.
15. Stafstrom CE, Epilepsy Curr 2007; 7(1):15-22.
16. Vreugdenhil M et al., Eur J Neurosci., 2004; 19: 2769-2778.
17. White HS et al, Epilepsy Res. 1997;28(3):167-79.
18. Sperling MR, et al. Epilepsia, Feb 2020;61:1099–1108.
19. Randomized, Double-Blind Study to Evaluate Efficacy and Safety of Cenobamate Adjunctive Therapy in PGTC Seizures NCT03678753.



For more information, please contact:

Arvelle Therapeutics
Juan Vergez
Head of Marketing and Corporate Communications
Email: [email protected]

Angelini Pharma
Daniela Poggio
Head of Communications
Email: [email protected]

SK Biopharmaceuticals
Hyongki Park
Head of Communications
Email: [email protected]

Trio Health
Nina Bass  +44 (0) 208 8080 3005
[email protected]

Chloe Nichols  +44 (0) 208 8080 3004
[email protected]

Nick James  +44 (0) 208 8080 3006
[email protected]

Duke Energy promotes Karn as vice president for regulatory affairs and policy for Indiana

PR Newswire

PLAINFIELD, Ind., Jan. 29, 2021 /PRNewswire/ — Duke Energy has promoted Kelley Karn to the newly created office of vice president for regulatory affairs and policy for Indiana.

Since 2006, Karn served as the utility’s lead regulatory attorney in Indiana and has led legal and regulatory initiatives with state and federal regulators. She was promoted to deputy general counsel in 2008.

In her new role, Kelley will be responsible for relationships and advocacy with stakeholder groups and key state executive agencies including the Indiana Utility Regulatory Commission, the Office of Utility Consumer Counselor, the Indiana Department of Environmental Management, as well as the governor’s office. She will also fill policy committee needs for the company at the Indiana Chamber of Commerce, Indiana Manufacturers Association and the Indiana Energy Association.

Additionally, Karn will provide leadership and strategic direction for the development and coordination of comprehensive energy policy strategies for Duke Energy Indiana.

“There is no one better qualified to fill this new position than Kelley,” said Stan Pinegar, Duke Energy state president for Indiana. “While serving as lead regulatory attorney, Kelley and her team have worked hard to create long-lasting stakeholder relationships that have resulted in constructive regulatory and legal outcomes. She will play a large role in moving the company forward in this period of rapid change in our industry.”

Karn earned her bachelor’s degree in government, international relations and public policy from the University of Notre Dame, graduating cum laude. Her juris doctor degree is from the Indiana University School of Law – Indianapolis, where she graduated summa cum laude. She is admitted to the Indiana Bar.

Karn and her husband, Ron, have three sons and live in Noblesville.

The company also announced that Beth Heneghan, who is associate general counsel, will move up to take Karn’s role as deputy general counsel and lead regulatory attorney in Indiana.

Heneghan has been legal counsel for Duke Energy focusing on Indiana regulatory work since 2008, and was promoted to her current role as Associate General Counsel in 2012.  She has been instrumental in many key regulatory outcomes for Duke Energy Indiana, including her work with both the Edwardsport IGCC plant as well as coal ash basin closures. With her depth of experience, she is well positioned to lead the Indiana regulatory legal team.

Heneghan and her husband, Mike, live in Indianapolis with their five children.

Duke Energy Indiana

Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,600 megawatts of owned electric capacity to approximately 850,000 customers in a 23,000-square-mile service area, making it Indiana’s largest electric supplier.

Contact: Lew Middleton
Cell: 317.474.7448 | 24-Hour: 800.559.3853

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SOURCE Duke Energy

Invesco Closed-End Funds Pay Dividends

PR Newswire

ATLANTA, Jan. 29, 2021 /PRNewswire/ — The Board of Trustees (the “Board”) of each of Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust (each, a “Fund” and collectively, the “Funds”) today declared the following dividends:

 



EX-DATE


1/14/21



RECORD DATE


1/15/21



REINVEST DATE


1/29/21



PAYABLE DATE


1/29/21


Name of Closed-End
Management Investment Company

 


Ticker


Dividend Amount
Per Share
(monthly)


Change From Prior
Distribution

Invesco Dynamic Credit Opportunities Fund

VTA

$0.07501

Invesco High Income Trust II

VLT

$0.09641

Invesco Senior Income Trust

VVR

$0.02101

1

A portion of this distribution is estimated to be from a return of capital rather than net income.  The 19(a) Notice referenced below provides more information and can be found on the Invesco website at www.invesco.com

Effective October 1, 2020, the Board of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) approved a Managed Distribution Plan (the “VTA Plan”) for the Fund, whereby the Fund pays its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.075 per share.

Effective October 1, 2020, the Board of Invesco Senior Income Trust (NYSE: VVR) approved a Managed Distribution Plan (the “VVR Plan”) for the Fund, whereby the Fund pays its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.021 per share.

Effective August 1, 2018, the Board of Invesco High Income Trust II (NYSE: VLT) approved a Managed Distribution Plan (the “VLT Plan”) for the Fund, whereby the Fund increased its monthly dividend to common shareholders to a stated fixed monthly distribution amount based on a distribution rate of 8.5 percent of the closing market price per share as of August 1, 2018, the date the VLT Plan became effective. The VTA Plan, the VVR Plan and the VLT Plan are collectively referred to herein as the “Plans.”

The Plans are intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from each Fund, regardless of when or whether income is earned, or capital gains are realized.  If a Fund’s investment income is not sufficient to cover the Fund’s intended monthly distribution, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under its Plan.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the sources indicated.  You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Plans. All amounts are expressed per common share.  Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution is estimated to be a return of capital.  A return of capital may occur, for example, when some or all of the money that you invested in a Fund is paid back to you.  A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in the 19(a) Notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend on each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. 


Fund


JANUARY 2021


Net Investment
Income


Net Realized Capital
Gains


Return of Capital
(or Other Capital
Source)


Total Current
Distribution
(common share)


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of Current
Distribution


Per Share
Amount


% of Current
Distribution

Invesco High Income Trust II

$0.0635

65.87%

$0.0000

0.00%

$0.0329

34.13%

$0.0964

Invesco Dynamic Credit Opportunities Fund

$0.0450

60.00%

$0.0000

0.00%

$0.0300

40.00%

$0.0750

Invesco Senior Income Trust

$0.0166

79.05%

$0.0000

0.00%

$0.0044

20.95%

$0.0210


Fund


CUMULATIVE FISCAL YEAR-TO-DATE (YTD) December 31, 2020*


Net Investment
Income


Net Realized Capital Gains


Return of Capital
(or Other Capital Source)


Total FYTD
Distribution
(common share)


Per Share
Amount


% of 2020
Distribution


Per Share
Amount


% of 2020
Distribution


Per Share
Amount


% of 2020
Distribution

Invesco High Income Trust II

$0.8328

86.39%

$0.0000

0.00%

$0.1312

13.61%

$0.9640

Invesco Dynamic Credit Opportunities Fund

$0.6996

93.28%

$0.0000

0.00%

$0.0504

6.72%

$0.7500

Invesco Senior Income Trust

$0.1799

82.15%

$0.0000

0.00%

$0.0391

17.85%

$0.2190

* Form 1099-DIV for the calendar year will report distributions for federal income tax purposes.  Each Fund’s annual report to shareholders will include information regarding the tax character of Fund distributions for the fiscal year. 
The final determination of the source and tax characteristics of all distributions in 2020 will be made after the end of the year.

The monthly distributions are based on estimates and terms of each Fund’s Plan. Monthly distribution amounts may vary from these estimates based on a multitude of factors.  Changes in portfolio and market conditions may cause deviations from estimates.  These estimates should not be taken as indication of a Fund’s earnings and performance.   The actual amounts and its sources may be subject to additional adjustments and will be reported after year end.

Each Fund’s Performance and Distribution Rate Information disclosed in the table below is based on the Fund’s net asset value per share (NAV). Shareholders should take note of the relationship between the Fiscal Year-to-date Cumulative Total Return with the Fund’s Cumulative Distribution Rate and the Average Annual Total Return with the Fund’s Current Annualized Distribution Rate. Each Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. NAV performance may be indicative of a Fund’s investment performance.  The value of a shareholder’s investment in each Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.

Funds’ Performance and Distribution Rate Information:


Fund


Fiscal Year-to-date March 1, 2020
to December 31, 2020


Five year period ending
December 31, 2020


FYTD
Cumulative
Total Return 1


Cumulative
Distribution
Rate 2


Current
Annualized
Distribution
Rate 3


Average
Annual
Total Return 4

Invesco High Income Trust II

9.28%

6.40%

7.68%

8.77%

Invesco Dynamic Credit Opportunities Fund

3.03%

6.39%

7.67%

7.55%

Invesco Senior Income Trust

3.12%

4.90%

5.84%

6.62%

 


1 Fiscal year-to-date Cumulative Total Return assumes reinvestment of distributions.  This is calculated as the percentage change in the Fund’s NAV over the fiscal year-to-date time period including distributions paid and reinvested.


2 Cumulative Distribution Rate for the Fund’s current fiscal period (March 1, 2020 through December 31, 2020) is calculated as the dollar value of distributions in the fiscal year-to-date period as a percentage of the Fund’s NAV as of December 31, 2020.


3 The Current Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of December 31, 2020.


4 Average Annual Total Return represents the compound average of the annual NAV Total Returns of the Fund for the five-year period ending December 31, 2020.  Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and reinvested.

In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, each Fund will provide its shareholders of record on the record date with a 19(a) Notice disclosing the sources of its dividend payment when a distribution includes anything other than net investment income.

The Plans will be subject to periodic review by each Fund’s Board, and a Fund’s Board may terminate or amend the terms of its Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of a Fund’s Plan could have an adverse effect on the market price of such Fund’s common shares.

The amount of dividends paid by each Fund may vary from time to time.  Past amounts of dividends are no guarantee of future dividend payment amounts.

Investing involves risk and it is possible to lose money on any investment in the Funds.

For more information, call 1-800-341-2929.

About Invesco Ltd.
Invesco Ltd. is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.  Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities.  With offices in 25 countries, Invesco managed $1.3 trillion in assets on behalf of clients worldwide as of December 31, 2020. 

For more information, visit www.invesco.com.

Invesco Distributors, Inc. is the US distributor for Invesco Ltd. It is an indirect, wholly owned, subsidiary of Invesco Ltd.

Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.

NOT A DEPOSIT l  NOT FDIC INSURED l  NOT GUARANTEED BY THE BANK l  MAY LOSE VALUE  l  NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

—Invesco—

CONTACT:  Jeaneen Terrio, 212-278-9205, [email protected]

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SOURCE Invesco Ltd.

Patient Access Solutions, Hestia Insight, and US Stem Cell to Form Business Consortium

COMMACK, NY, Jan. 29, 2021 (GLOBE NEWSWIRE) —  via NewMediaWire — Patient Access Solutions, Inc. (OTC PINK: PASO), a provider of technology and management solutions for the healthcare and financial industries, has announced today that Patient Access Solutions, (PASO) Hestia Insight through its subsidiary Hestia Health, and US Stem Cell will form a Consortium business model for the treatment of individuals with anxiety and depression. 

Anxiety disorders affect 40 million adults and one in eight children in the United States. They interfere with daily functioning and often lead to depression, substance abuse, suicide attempts and other disorders. Depressive disorders affect about 19 million American adults. More than 50 percent of people diagnosed with depression also have an anxiety disorder. Coexisting anxiety and depression account for the most disabling mental health disorders in the United States.

We are coming out of a difficult period, with the COVID-19 pandemic, and we believe there are many innovative technologies that should be introduced in the healthcare industry and commercialized. Using Trancranial Magnetic Stimulation (TMS) will optimize the brain function. In recent years, the team has demonstrated that the results from treatment can lead to remarkable clinical improvements in many neuropsychiatric disorders.   

This business consortium is lead by an extraordinary scientific team, headed by Dr. Gualberto Ruaño from UCONN Health and Harvard Hospital.

Hestia Health, US Stem Cell, and Patient Access Solutions will provide the facility locations and all business narratives including funding/financing, branding, patient awareness campaigns, licensing, facility build outs, and billing.

The global healthcare market reached a value of nearly $8,452 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.3% since 2014, and is expected to grow at a CAGR of 8.9% to nearly $11,909 billion by 2022

About Patient Access Solutions Inc.(www.pashealth.com

Patient Access Solutions Inc.  (PASHealth) is a Healthcare Solutions company which has created a formidable array of technology, management resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare environment. For more information about the services and products of Patient Access Solutions, please visit our website at www.pashealth.com.  

About Hestia Insight Inc.: (www.hestiainsight.com) Hestia Insight Inc. is an advisory Company focused primarily on the great Healthcare and Biotech sectors. It also provides seed capital and mezzanine financing to its clients. Hestia Insight will make strategic acquisitions and mergers or joint ventures with emerging growth companies with intellectual properties. It provides sales and marketing guidance and capital market advice to increase the success of its clients.


About
 US Stem Cell Inc. (us-semcell.com) is an emerging leader in the regenerative medicine and cellular therapy industry specializing in physician training and certification, as well as veterinary applications, and management of cellular therapy clinics. To management’s knowledge, U.S. Stem Cell has completed more clinical treatments than any other cellular therapy company in the world in the past 20 years, and has certified more than 700 physicians and veterinarians in autologous cell therapies worldwide.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Patient Access Solutions Inc. Securities and Exchange Commission filings available at http://www.sec.gov.

[email protected]



RECORDATI: LICENSE OBTAINED FOR THE COMMERCIALIZATION OF ELIGARD IN EUROPE AND OTHER COUNTRIES

RECORDATI: LICENSE OBTAINED FOR THE COMMERCIALIZATION OF ELIGARD IN EUROPE AND OTHER COUNTRIES

 

Milan, 29 January 2021 – Recordati announces the closing of a License and Supply Agreement with Tolmar International Ltd, to commercialise Eligard® (leuprorelin acetate), in Europe, Turkey, Russia and other countries. Eligard® is a marketed medicinal product for the treatment of hormone dependent advanced prostate cancer and for the treatment of high-risk localized and locally advanced hormone dependent prostate cancer in combination with radiotherapy.  
The active ingredient of Eligard® is leuprorelin acetate, a powder which is solubilized with a solvent for subcutaneous injection. Eligard® is available in three different dosages (for 1-month, 3-month and 6-month treatment, respectively) as a single kit containing two syringes. The development of a new device to administer the product which is easier to handle is currently ongoing, following the request from EMA. The regulatory variation is expected to be submitted by 31 October 2021.

The product has been commercialized by Astellas in the territories licensed to Recordati, with annual sales in the region of approximately € 100 million. Tolmar will manufacture the product for Recordati, while Astellas will provide to Recordati certain transitional services for an agreed period of time.
Recordati will make an upfront payment of € 35 million to Tolmar which will also be eligible to receive additional milestone payments up to a total of € 105 million as well as royalties on sales.

“We are very pleased with the agreement reached with Tolmar which provides Recordati with a new product that strengthens our presence in the urological area and fits very well with our geographical footprint. Eligard® is a well-established medication that addresses a life-threatening disease with a high incidence in the population aged over 65 years and Recordati is committed to provide continuing support to patients and doctors in this field.”, declared Andrea Recordati, CEO. “We also wish to recognize the role that Astellas had in making the product available to the patients so far and for its willingness to cooperate with Recordati and Tolmar so that patients can continue to benefit from this important treatment with no interruption”.

 


Tolmar International,

along with its U.S. affiliated companies, is a fully integrated pharmaceutical company focused on the innovative development, manufacturing, and commercialization of specialty pharmaceuticals. Tolmar International is headquartered in Ireland with manufacturing sites in the U.S. 


Astellas Pharma Inc.

based in Tokyo, Japan, is a company dedicated to improving the health of people around the world through the provision of innovative and reliable pharmaceutical products. For more information website astellas.com/eu.


Recordati

, established in 1926, is an international pharmaceutical group, listed on the Italian Stock Exchange (Reuters RECI.MI, Bloomberg REC IM, ISIN IT 0003828271), with a total staff of more than 4,300, dedicated to the research, development, manufacturing and marketing of pharmaceuticals. Headquartered in Milan, Italy, Recordati has operations throughout the whole of Europe, including Russia, Turkey, North Africa, the United States of America, Canada, Mexico, some South American countries, Japan and Australia.  An efficient field force of medical representatives promotes a wide range of innovative pharmaceuticals, both proprietary and under license, in a number of therapeutic areas including a specialized business dedicated to treatments for rare diseases. Recordati is a partner of choice for new product licenses for its territories. Recordati is committed to the research and development of new specialties with a focus on treatments for rare diseases.  Consolidated revenue for 2019 was € 1,481.8 million, operating income was € 465.3 million and net income was € 368.9 million.

For further information:

Recordati website:  www.recordati.com


Investor Relations

                                                                Media Relations                   

Federica De Medici                                                                               Studio Noris Morano                                                            

(39)0248787146                                                                   (39)0276004736, (39)0276004745

e-mail: [email protected]                                  e-mail: [email protected]

                                                                             

S
tatements contained in this release, other than historical facts, are “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based on currently available information, on current best estimates, and on assumptions believed to be reasonable. This information, these estimates and assumptions may prove to be incomplete or erroneous, and involve numerous risks and uncertainties, beyond the Company’s control. Hence, actual results may differ materially from those expressed or implied by such forward-looking statements. All mentions and descriptions of Recordati products are intended solely as information on the general nature of the company’s activities and are not intended to indicate the advisability of administering any product in any particular instance.

Attachment



CHMP Issues Positive Opinion Recommending Ofatumumab in Relapsing Multiple Sclerosis

Company Announcement

  • Novartis receives positive CHMP opinion for subcutaneous ofatumumab for adult patients with relapsing forms of multiple sclerosis
  • Opinion based on Phase 3 ASCLEPIOS I and II studies

Copenhagen, Denmark; January 28, 2021 –
Genmab A/S (Nasdaq: GMAB) announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion and recommended granting marketing authorization of subcutaneous ofatumumab for the treatment of relapsing forms of multiple sclerosis (RMS) in adults with active disease defined by clinical or imaging features. Novartis submitted the Marketing Authorization Application for ofatumumab in this indication in January 2020. Ofatumumab is being developed and marketed worldwide by Novartis under a license agreement between Genmab and Novartis Pharma AG.

“The positive CHMP opinion for subcutaneous ofatumumab in relapsing multiple sclerosis is an important step in potentially bringing this product to patients in Europe who will benefit from the efficacy and ease of dosing that ofatumumab will provide. We look forward to the European Commission’s final decision on this application,” said Jan van de Winkel, Ph.D., Chief Executive Officer of Genmab.

The opinion was based on data from the Phase 3 ASCLEPIOS I and II trials, which investigated the efficacy and safety of monthly subcutaneous ofatumumab 20mg versus once daily oral teriflunomide 14mg in adults with RMS. The results from the ASCLEPIOS studies were presented at the 35th Congress of the European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS) in September 2019 and published in the August 6, 2020 issue of The New England Journal of Medicine.

About ASCLEPIOS

The ASCLEPIOS I and II studies (NCT02792218 and NCT02792231) are twin, identical design, flexible duration (up to 30 months), double-blind, randomized, multi-center Phase 3 studies evaluating the safety and efficacy of ofatumumab 20mg monthly subcutaneous injections versus teriflunomide 14mg oral tablets taken once daily in adults with a confirmed diagnosis of RMS1,2. The two studies enrolled 1,882 patients with RMS, between the ages of 18 and 55 years, with an Expanded Disability Status Scale (EDSS) score between 0 and 5.51,2. The studies were conducted in over 350 sites in 37 countries.

The primary endpoint of both studies was to demonstrate that ofatumumab is superior to teriflunomide in reducing the frequency of confirmed relapses as evaluated by the Annualized Relapse Rate (ARR) in patients treated up to 30 months1,2. Secondary endpoints included time to disability progression confirmed at three and six months respectively, confirmed disability improvement at six months, gadolinium enhancing T1 lesions, number of new or enlarging T2 lesions, serum levels of neurofilament light chain (NfL), and rate of brain volume loss1,2. Safety and the pharmacokinetic properties of ofatumumab were also all measured throughout the treatment period1,2.

About Ofatumumab

Ofatumumab is a fully human CD20 monoclonal antibody (mAb) self-administered by a once-monthly subcutaneous injection in development for relapsing forms of multiple sclerosis (RMS). It was approved in the U.S., as Kesimpta®, for the treatment of RMS in adults, to include clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease, and is the first B-cell therapy that can be self-administered at home by patients using a Sensoready® pen. Initial loading doses of Kesimpta are given on Days 1, 7 and 14, with the first injection performed under the guidance of a healthcare provider. Ofatumumab works by binding to the CD20 molecule on the B-cell surface and inducing potent B-cell lysis and depletion. Ofatumumab is being developed and marketed worldwide by Novartis under a license agreement between Genmab and Novartis Pharma AG.

About Multiple Sclerosis

Multiple sclerosis (MS) is a chronic inflammatory disease of the central nervous system characterized by myelin destruction and axonal damage of the brain, optic nerves and spinal cord3. MS disrupts the normal functioning of the brain, optic nerves and spinal cord through inflammation and tissue loss4. MS, which affects approximately 2.5 million people worldwide5, is often characterized into the following forms: primary progressive MS (PPMS) and relapsing forms of MS (RMS), which includes relapsing-remitting MS (RRMS) and secondary progressive MS (SPMS)6. Approximately 85% of patients initially present with RMS7.

About Genmab

Genmab is an international biotechnology company with a core purpose to improve the lives of patients with cancer. Founded in 1999, Genmab is the creator of multiple approved antibody therapeutics that are marketed by its partners. The company aims to create, develop and commercialize differentiated therapies by leveraging next-generation antibody technologies, expertise in antibody biology, translational research and data sciences and strategic partnerships. To create novel therapies, Genmab utilizes its next-generation antibody technologies, which are the result of its collaborative company culture and a deep passion for innovation. Genmab’s proprietary pipeline consists of modified antibody candidates, including bispecific T-cell engagers and next-generation immune checkpoint modulators, effector function enhanced antibodies and antibody-drug conjugates. The company is headquartered in Copenhagen, Denmark with locations in Utrecht, the Netherlands, Princeton, New Jersey, U.S. and Tokyo, Japan. For more information, please visit Genmab.com.

Contact:          
Marisol Peron, Senior Vice President, Global Investor Relations & Communications
T: +1 609 524 0065; E: [email protected]

For Investor Relations:

Andrew Carlsen, Senior Director, Head of Investor Relations
T: +45 3377 9558; E: [email protected]

This Company Announcement contains forward looking statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with pre-clinical and clinical development of products, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products, our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products or technologies obsolete, and other factors. For a further discussion of these risks, please refer to the risk management sections in Genmab’s most recent financial reports, which are available on www.genmab.comand the risk factors included in Genmab’s most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov. Genmab does not undertake any obligation to update or revise forward looking statements in this Company Announcement nor to confirm such statements to reflect subsequent events or circumstances after the date made or in relation to actual results, unless required by law.

Genmab A/S and/or its subsidiaries own the following trademarks: Genmab®; the Y-shaped Genmab logo®; Genmab in combination with the Y-shaped Genmab logo®; HuMax®; DuoBody®; DuoBody in combination with the DuoBody logo®; HexaBody®; HexaBody in combination with the HexaBody logo®; DuoHexaBody®; HexElect®; and UniBody®. Kesimpta® and Sensoready® are trademarks of Novartis AG or its affiliates.

1 ClinicalTrials.gov. Efficacy and Safety of Ofatumumab Compared to Teriflunomide in Patients With Relapsing Multiple Sclerosis (ASCLEPIOS I). https://clinicaltrials.gov/ct2/show/NCT02792218. Accessed January 2020.
2 ClinicalTrials.gov. Efficacy and Safety of Ofatumumab Compared to Teriflunomide in Patients With Relapsing Multiple Sclerosis.(ASCLEPIOS II). https://clinicaltrials.gov/ct2/show/NCT02792231. Accessed January 2020.
3  Guthrie E. Multiple sclerosis: a primer and update. Adv Studies Pharm. 2007;4(11):313-317
4 John Hopkins Medicine. Multiple sclerosis (MS). https://www.hopkinsmedicine.org/neurology_neurosurgery/centers_clinics/multiple_sclerosis/conditions/index.html. Accessed August 2019.
5 GlobalData. EpiCast Report: Multiple Sclerosis – Epidemiology Forecast to 2026. Published November 2017.
6 Multiple sclerosis international federation. Types of MS. https://www.msif.org/about-ms/types-of-ms/. Accessed August 2019
7 Datamonitor. Multiple Sclerosis Treatment. Published August 2016.

Company Announcement no. 07
CVR no. 2102 3884
LEI Code 529900MTJPDPE4MHJ122

Genmab A/S
Kalvebod Brygge 43
1560 Copenhagen V
Denmark

Attachment