MESO Final Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Mesoblast Limited Investors of Class Action and Lead Plaintiff Deadline: December 7, 2020

NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Mesoblast Limited (“Mesoblast” or “the Company”) (NASDAQ: MESO) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Mesoblast securities between April 16, 2019 and October 1, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/meso

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that  throughout the Class Period, Defendants made materially false and misleading statements that: (1) comparative analyses between Mesoblast’s Phase 3 trial and three historical studies did not support the effectiveness of remestemcel-L for steroid refractory acute graft versus host disease (“aGVHD”) due to design differences between the four studies; (2) as a result, the United States Food and Drug Administration was reasonably likely to require further clinical studies; (3) as a result, the commercialization of remestemcel-L in the U.S. was likely to be delayed; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/meso or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Mesoblast you have until December 7, 2020 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]



Apellis Reports Pegcetacoplan Demonstrates Greater Treatment Responses and Quality-of-Life Improvements Compared to C5 Inhibitors for PNH

  • Data were presented at the American
    Society of Hematology (ASH) Annual Meeting

  • In an
    analysis from the
    16-week
    Phase 3 PEGASUS study,
    70.7
    % of patients
    treated with
    pegcetacoplan
    compared
    to
    5.1% of eculizumab
    -treated patients
    achieved a good
    , major, or
    complete
    hematologic
    response
    based on
    published classifications

  • Quality

    of

    life
    substantially
    improved for
    pegcetacoplan-treated
    patients
    , reaching near-normal
    levels
    on
    several
    measures
    ,
    and
    did not change
    for eculizumab-treated patients
    in a PEGASUS analysis
    at 16 weeks

  • A
    matching

    adjusted indirect comparison
    suggest
    s
    that
    76
    % more patients on pegcetacoplan achieved hemoglobin stabilization
    and
    71% more
    patients on pegcetacoplan
    were transfusion free
    compared
    to
    ravulizumab
    ,
    a long-acting C5 inhibitor

WALTHAM, Mass., Dec. 07, 2020 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals, Inc. (Nasdaq: APLS) today announced new analyses from the Phase 3 PEGASUS study, which demonstrated statistically significant improvements in treatment responses and substantial quality-of-life improvements with pegcetacoplan, an investigational, targeted C3 therapy, versus eculizumab, a C5 inhibitor, for paroxysmal nocturnal hemoglobinuria (PNH) at 16 weeks. Additionally, a matching-adjusted indirect comparison (MAIC) showed improvements in clinical, hematologic, and quality-of-life outcomes in patients treated with pegcetacoplan compared to ravulizumab, a long-acting C5 inhibitor. The data were presented at the virtual American Society of Hematology Annual Meeting (ASH) taking place December 5 – 8, 2020.

Substantial Improvements in
Hematologic
Response
s
and Quality-of-Life
Demonstrated
in
Patients Treated with
Pegcetacoplan
Compared to Eculizumab

In an analysis of hematologic responses from the PEGASUS study, using response classifications developed independently by PNH experts that were published in Frontiers in Immunology,1 the findings showed:

  • Approximately 70.7% of pegcetacoplan-treated patients (29/41) compared to 5.1% of eculizumab-treated patients (2/39) achieved a good, major, or complete hematologic response (p<0.0001), which means the individual treated with pegcetacoplan reached a level of mild or no anemia and did not require transfusions.
  • 39% of patients treated with pegcetacoplan (16/41) compared to 0% of patients treated with eculizumab (0/39) achieved a complete response (p<0.0001), meaning they were transfusion free, experienced stable hemoglobin and lactate dehydrogenase (LDH) in the normal range, and showed no evidence of hemolysis based on LDH levels and reticulocyte count.

In a PEGASUS analysis of quality-of-life:

  • Quality-of-life substantially improved for patients treated with pegcetacoplan, reaching near-normal levels on scales with a population norm, while no change was seen for eculizumab-treated patients. All scores were comparable at baseline across measures.

“Many PNH patients treated with C5 inhibitors still suffer from a significant disease burden, including frequent transfusions and debilitating fatigue, which reinforces the urgent need for new treatments,” said Brian Mulherin, M.D., PEGASUS study investigator and hematologist at St. Vincent Health Services. “The data presented at ASH show that pegcetacoplan, a targeted C3 therapy, demonstrate substantial and clinically meaningful improvements across a range of important hematologic measures compared to C5 inhibition.”

MAIC
Found Greater Improvements
in Hemoglobi
n
Stabilization, Transfusion Avoidance, and Fatigue
with
Pegcetacoplan
Versus
Ravulizumab

Using an MAIC methodology, individual patient data from the PEGASUS study were compared to aggregate, published results from the ALXN1210-PNH-302 study, which compared ravulizumab and eculizumab among patients with PNH who previously were treated with eculizumab.

Detailed findings suggest:

  • 76% more patients treated with pegcetacoplan achieved hemoglobin stabilization compared to ravulizumab, a long-acting C5 inhibitor.
  • 71% more patients treated with pegcetacoplan were transfusion free compared to ravulizumab.
  • In mean change from baseline in the Functional Assessment of Chronic Illness Therapy (FACIT)-Fatigue score, pegcetacoplan showed an adjusted difference of nine points versus ravulizumab, suggesting pegcetacoplan is associated with an improvement that greatly exceeds the three-point threshold generally considered to be clinically meaningful.

In the absence of a clinical head-to-head study, MAIC is a valid and accepted method for comparative effectiveness research used by health technology assessment bodies across the world.2,3

“Along with positive changes in hemoglobin, we are seeing major improvements in fatigue and other quality-of-life measures in patients treated with pegcetacoplan compared to C5 inhibition,” said Federico Grossi, M.D., chief medical officer at Apellis. “These data show that the hematologic and clinical improvements demonstrated by pegcetacoplan have the potential to translate into meaningful outcomes for patients.”

Marketing applications for pegcetacoplan for the treatment of PNH were accepted by the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). The target date for the FDA decision is May 14, 2021, and an opinion from the Committee for Medicinal Products for Human Use (CHMP) in the European Union (EU) is expected in 2021.

About the PEGASUS Study

The PEGASUS study (APL2-302; NCT03500549) is a multi-center, randomized, active-comparator controlled Phase 3 study in 80 adults with paroxysmal nocturnal hemoglobinuria (PNH). The primary objective of this study was to establish the efficacy and safety of pegcetacoplan compared to eculizumab. Participants must have been on eculizumab (stable for at least three months) with a hemoglobin level of <10.5 g/dL at the screening visit. During the four-week run-in, patients were dosed with 1080 mg of pegcetacoplan twice weekly (n=41) in addition to their current dose of eculizumab. During the 16-week randomized, controlled period, patients were randomized to receive either 1080 mg of pegcetacoplan twice weekly or their current dose of eculizumab (n=39). All participants completing the randomized controlled period (n=77) opted to enter the open-label pegcetacoplan treatment period.

About the Matching-Adjusted Indirect Comparison
(MAIC)
Analysis

Using a matching-adjusted indirect comparison (MAIC) methodology, individual patient data from the PEGASUS study were compared to aggregate, published results from the ALXN1210-PNH-302 study,4 which compared the C5 inhibitors ravulizumab and eculizumab among patients with PNH who were previously treated with eculizumab. To adjust for cross-study differences in baseline characteristics, propensity score weighting was used to balance demographic and clinical characteristics. Outcomes assessed from the PEGASUS study at week 16 and the ALXN1210-PNH-302 study at week 26 included transfusion avoidance, number of units transfused, hemoglobin stabilization, and change in Functional Assessment of Chronic Illness Therapy (FACIT)-Fatigue score. As with other MAIC analyses, matching may not adjust for all confounding factors due to differences inherent in study design and entry criteria.

About Pegcetacoplan

Pegcetacoplan is an investigational, targeted C3 therapy designed to regulate excessive activation of the complement cascade, part of the body’s immune system, which can lead to the onset and progression of many serious diseases. Pegcetacoplan is a synthetic cyclic peptide conjugated to a polyethylene glycol polymer that binds specifically to C3 and C3b. Pegcetacoplan is being evaluated in several clinical studies across hematology, ophthalmology, nephrology, and neurology. Marketing applications for pegcetacoplan for paroxysmal nocturnal hemoglobinuria (PNH) are under review by the U.S. Food and Drug Administration (FDA), which has granted the application Priority Review designation, and the European Medicines Agency (EMA). Pegcetacoplan was also granted Fast Track designation by the FDA for the treatment of geographic atrophy and received orphan drug designation for the treatment of C3 glomerulopathy by the FDA and EMA. For additional information regarding pegcetacoplan clinical trials, visit https://apellis.com/our-science/clinical-trials.

About Paroxysmal Nocturnal Hemoglobinuria (PNH) 
PNH is a rare, chronic, life-threatening blood disorder characterized by the destruction of oxygen-carrying red blood cells through extravascular and intravascular hemolysis. Persistently low hemoglobin can result in frequent transfusions and debilitating symptoms such as severe fatigue, hemoglobinuria, and difficulty breathing (dyspnea). A retrospective analysis shows that, even on eculizumab, approximately 72% of people with PNH have anemia, a key indicator of ongoing hemolysis.5 The analysis also finds that 36% of patients require one or more transfusions a year and 16% require three or more.5

About the Apellis and 
Sobi
 Collaboration

Apellis and Sobi entered a collaboration to develop and commercialize systemic pegcetacoplan in October 2020. The companies have global co-development rights for systemic pegcetacoplan. Sobi has exclusive ex-U.S. commercialization rights for systemic pegcetacoplan, and Apellis has exclusive U.S. commercialization rights for systemic pegcetacoplan and retains worldwide commercial rights for ophthalmological pegcetacoplan, including for geographic atrophy (GA).

About Apellis 
Apellis Pharmaceuticals, Inc. is a global biopharmaceutical company that is committed to leveraging courageous science, creativity, and compassion to deliver life-changing therapies. Leaders in targeted C3 therapies, we aim to develop transformative therapies for a broad range of debilitating diseases that are driven by excessive activation of the complement cascade, including those within hematology, ophthalmology, nephrology, and neurology. For more information, please visit http://apellis.com.

Apellis Forward-Looking Statement 
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the implications of preliminary clinical data. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: whether the company’s clinical trials will be fully enrolled and completed when anticipated; whether preliminary or interim results from a clinical trial will be predictive of the final results of the trial; whether results obtained in preclinical studies and clinical trials will be indicative of results that will be generated in future clinical trials; whether pegcetacoplan will successfully advance through the clinical trial process on a timely basis, or at all; whether the results of the company’s clinical trials will warrant regulatory submissions and whether pegcetacoplan will receive approval from the FDA or equivalent foreign regulatory agencies for GA, PNH, CAD, C3G, IC-MPGN, ALS or any other indication when expected or at all; whether, if Apellis’ products receive approval, they will be successfully distributed and marketed; and other factors discussed in the “Risk Factors” section of Apellis’ Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2020 and the risks described in other filings that Apellis may make with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Apellis specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts:

Media
:

Lissa Pavluk 
[email protected] 
617.977.6764

Investors: 
Argot Partners
[email protected]
+1 212.600.1902

1. Risitano AM, Marotta S, Ricci P, et al. Anti-complement treatment for paroxysmal nocturnal hemoglobinuria: time for proximal complement inhibition? A position paper from the SAAWP of the EBMT. Front Immunol. 2019;10:1157.
2. Phillippo DM, Ades AE, Dias S, Palmer S, Abrams KR, and Welton NJ. Methods for Population-Adjusted Indirect Comparisons in Health Technology Appraisal. Medical Decision Making 2018;38(2): 200-211.
3. Signorovitch JE, Sikirica V, Erder MH, Xie J, Lu M, Hodgkins PS, Betts KA, and Wu EQ. Matching-Adjusted Indirect Comparisons: A New Tool for Timely Comparative Effectiveness Research. Value in Health 2012;15(6):940-947.
4. Kulasekararaj AG, Hill A, Rottinghaus ST, et al. Ravulizumab (ALXN1210) vs eculizumab in C5-inhibitor-experienced adult patients with PNH: the 302 study. Blood. 2019;133(6):540-549.
5. McKinley C. Extravascular Hemolysis Due to C3-Loading in Patients with PNH Treated with Eculizumab: Defining the Clinical Syndrome. Blood. 2017;130:3471.



ITC Institutes Investigation of Cosemi Technologies’ Patent Infringement Complaint Against EverPro, Fibbr, Logitech, and Facebook Subsidiary Oculus

IRVINE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) — Cosemi Technologies Inc., a global leader in innovative, high-speed connectivity solutions, announced that on October 28, 2020 it filed a complaint with the U.S. International Trade Commission (ITC) naming EverPro Technologies Company Ltd. (“EverPro”), Fibbr Technologies (“Fibbr”), Logitech Inc. (“Logitech”), and Facebook Technologies, LLC (“Facebook”). The complaint alleges that these parties have engaged in unfair trade practices by producing and/or procuring and selling in the U.S., products that infringe one or more patents of Cosemi Technologies Inc. – including Patent Nos. 8,948,197; 9,641,250; 9,971,115; 9,979,479. Today, Cosemi announced that the ITC has decided to institute a formal investigation into the complaint – ITC Investigation No. 337-TA-1233.

Founded in 2006, Cosemi is a leading provider of hybrid active optical interconnect solutions for the video communications market. Cosemi president and CEO Dr. Nguyen X. Nguyen noted that, “Cosemi was the first fabless optical component solutions provider in the industry, and our intellectual property is the cornerstone of our technology innovations. Continuing this rich heritage, our intellectual property and patents span all aspects of hybrid active interconnects for video and data communications. The ITC’s decision to rule in our favor and open an investigation is proof positive that we are in the right in pursuing justice against those who infringe upon our innovations.”

Cosemi offers innovative products and technologies that enable optical connectivity through a hybrid active optical cable (AOC). AOCs are cables that interconnect devices to allow for high-speed audio and visual data applications. Cosemi designs and develops high-volume, high-performance, plug-and-play HDMI, DisplayPort and USB AOCs that provide the performance and speed of fiber optics, along with the legacy support of control and power delivery over copper wire, in cost-effective hybrid cable assemblies. Cosemi’s patented hybrid AOCs connect 4K/8K displays to the source, video collaboration platforms to cameras, as well as many other applications like machine vision, AR/VR and universal personal computing connectivity for enterprise and work-from-home applications.

Through its complaint, Cosemi has requested the ITC to issue an exclusion order to bar importation of the infringing parties’ products and a cease and desist order to bar further sales and other domestic commercial activities of the infringing parties. Cosemi expects the ITC investigation of its case, number 337-TA-1233, to continue through 2021.

Cosemi, a California corporation, seeks the support of the ITC to assist in protecting U.S. intellectual property and alleviate causing harm to their business from EverPro, a Chinese corporation, and its channels in the U.S. that include Logitech and Oculus, a subsidiary of Facebook.

About Cosemi Technologies

A global leader in innovative high-speed connectivity solutions, Cosemi Technologies Inc. is focused on enabling optical connectivity everywhere. Cosemi designs and manufactures active optical cables for infrastructures supporting today’s unprecedented data growth. The company offers a comprehensive portfolio of quality solutions that service the data center, home entertainment and consumer electronics markets. To learn more about Cosemi, please visit www.cosemi.com or follow the company on LinkedIn and Twitter.

Media Contact:

Stephanie Olsen
Lages & Associates
(949) 453-8080
[email protected]



Allogene Therapeutics Presents Preclinical Findings Supporting ALLO-605, the First Anti-BCMA TurboCAR™ T Cell Therapy, at the 62nd Meeting of the American Society of Hematology

  • ALLO-605 Demonstrated Enhanced Killing of Multiple Myeloma Cells and Persistence Relative to BCMA CAR T
  • TurboCAR Technology Represents a Key Component to the Company’s Three-Pronged Clinical Strategy Targeting BCMA for Multiple Myeloma
  • Investigational New Drug (IND) Application for ALLO-605 Expected in the First Half of 2021

SOUTH SAN FRANCISCO, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) — Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T™) therapies for cancer, today announced preclinical findings of ALLO-605, the Company’s first TurboCAR™ clinical candidate and next-generation AlloCAR T therapy for relapsed or refractory multiple myeloma, will be presented in a poster session today at the 62nd Annual Meeting of the American Society of Hematology.

Allogene developed the TurboCAR technology to further enhance the potency of cell therapies. This technology allows ligand independent, cytokine signaling to be engineered selectively into CAR T cells. TurboCARs have the potential to enhance AlloCAR T cell proliferation and overcome T cell exhaustion. The technology is being deployed initially as part of the Company’s three-pronged approach to targeting BCMA in patients with multiple myeloma. Results from the preclinical studies demonstrated that ALLO-605 showed enhanced cytokine secretion, polyfunctionality, improved serial killing activity in vitro, and enhanced eradication of tumors in animal models of myeloma.

“Allogene continues to innovate across our AlloCAR T platform with next generation technologies that can be applied to multiple programs,” said Rafael Amado, M.D., Executive Vice President of Research & Development and Chief Medical Officer of Allogene. “The advances with TurboCAR not only support our approach to targeting BCMA, but also allow us to potentially enhance the activity of other AlloCAR T candidates. We are eager to bring ALLO-605 into the clinic and anticipate filing our first IND utilizing this novel technology in the first half of 2021.”

In a highly aggressive orthotopic mouse model of multiple myeloma, ALLO-605 demonstrated an increase in peak expansion and persistence compared to standard BCMA CAR T cells, resulting in rapid and durable antitumor responses. No bone marrow or extramedullary relapses were seen in mice treated with ALLO-605 which resulted in increased survival. The expansion and persistence of ALLO-605 was dependent upon BCMA expression on the target cells and there was no evidence of TurboCAR T cell expansion in the absence of target engagement.

About Allogene Therapeutics

Allogene Therapeutics, with headquarters in South San Francisco, is a clinical-stage biotechnology company pioneering the development of allogeneic chimeric antigen receptor T cell (AlloCAR T™) therapies for cancer. Led by a management team with significant experience in cell therapy, Allogene is developing a pipeline of “off-the-shelf” CAR T cell therapy candidates with the goal of delivering readily available cell therapy on-demand, more reliably, and at greater scale to more patients. For more information, please visit www.allogene.com, and follow @AllogeneTx on Twitter and LinkedIn.

Cautionary Note on Forward-Looking Statements

This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The press release may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements include statements regarding intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: timing and ability to file an IND and initiate a clinical trial of ALLO-605; ability to manufacture ALLO-605; ability of TurboCAR™ to improve any efficacy, overcome cell exhaustion and reduce dosing requirements; and the potential benefits of AlloCAR T™ therapy. Various factors may cause differences between Allogene’s expectations and actual results as discussed in greater detail in Allogene’s filings with the SEC, including without limitation in its Form 10-Q for the quarter ended September 30, 2020. Any forward-looking statements that are made in this press release speak only as of the date of this press release. Allogene assumes no obligation to update the forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.

AlloCAR T™ and TurboCAR™ are trademarks of Allogene Therapeutics, Inc.

ALLO-605 utilizes TALEN® gene-editing technology pioneered and owned by Cellectis. Allogene has an exclusive license to the Cellectis technology for allogeneic products directed at BCMA and holds all global development and commercial rights for this investigational candidate.

Allogene Media/Investor Contact:

Christine Cassiano
Chief Communications Officer
(714) 552-0326
[email protected]

 



Arcellx CART-ddBCMA Cell Therapy Demonstrates Deep and Durable Responses in the Treatment of Relapsed and Refractory Multiple Myeloma

– Company announces initial results in
first

in

human trial
utilizing novel synthetic binding domain


6/6 (100%) overall response rate
(ORR)
per
International Myeloma Working Group
(
IMWG
)
criteria
observed at Dose Level 1

GAITHERSBURG, Md., Dec. 07, 2020 (GLOBE NEWSWIRE) — Arcellx, a clinical-stage biopharmaceutical company developing adaptive and controllable cell therapies, today announced initial clinical data from the first six patients treated in the company’s ongoing Phase 1 Study of CART-ddBCMA for the treatment of patients with relapsed and refractory multiple myeloma. CART-ddBCMA is a genetically modified cell therapy utilizing a novel synthetic binding domain that is computationally designed, highly stable, and engineered to reduce immunogenicity. CART-ddBCMA was well tolerated and rapid, deep, and durable responses were observed at the first dose level of 100 million cells, with six of six evaluable patients responding per IMWG criteria. Four of six patients achieved stringent complete responses, two patients achieved a partial response, and all patients are ongoing in the trial. All patients treated were penta-refractory with multiple poor prognostic factors, including high-risk cytogenetics. The initial results were presented today at the 62nd American Society of Hematology (ASH) Annual Meeting.

“These initial clinical data suggest the promise of CART-ddBCMA as a BCMA-targeted therapy,” commented Matthew J. Frigault, M.D., study investigator and Assistant Director of the Cellular Therapy Service at Massachusetts General Hospital Cancer Center and Instructor at Harvard Medical School. “The observations of rapid, durable responses in patients in this difficult-to-treat patient population are highly encouraging. We are eager to see results with additional patients and longer follow-up from this ongoing study.”

The full presentation is available online on the ASH annual meeting website. The clinical data is available on the Scientific Publications section of the Arcellx website at www.arcellx.com.

About the Arcellx ddBCMA Cell Therapy Phase 1 Trial

CART-ddBCMA is a Phase 1 study of Arcellx’s BCMA-specific CAR-modified T-cell therapy utilizing the company’s novel BCMA-targeting binding domain for the treatment of patients with relapsed and refractory multiple myeloma. Arcellx’s proprietary binding domains—a central component of Arcellx’s ARC-sparX platform—are novel synthetic proteins engineered for reduced immunogenicity and designed to bind specific therapeutic targets. The Arcellx ddBCMA cell therapy has been granted Fast Track Designation and Orphan Drug Designation by the U.S. Food and Drug Administration. The Phase 1 study is currently enrolling patients. Additional information about the trial can be found at https://www.clinicaltrials.gov/ct2/show/NCT04155749.

About Arcellx’s
ARC-sparX
Platform
Technology

The two-part ARC-sparX platform separates the disease recognition and killing functions of conventional cell therapies, enabling a controllable cell therapy that can be adapted to the patient’s disease. First, sparX proteins bind to specific antigens on diseased cells using a novel synthetic binding domain, then flag those cells for destruction by ARC-T cells. Next, ARC-T cells, which cannot recognize diseased cells on their own, bind to sparX proteins and kill the flagged cells. Arcellx has developed a collection of sparX proteins with unique binding domains directed at a number of therapeutic targets. Administration of alternate sparX proteins can redirect ARC-T cells to different disease antigens to potentially address relapsed and refractory disease due to tumor heterogeneity or antigen escape. ARC-T cell activity can be curbed as needed by controlling the dose and frequency of sparX administration, which has the potential to improve patient safety.

About Arcellx, Inc.

Arcellx is a clinical-stage biopharmaceutical company developing adaptive and controllable cell therapies for the treatment of patients with cancer and autoimmune diseases.  The Arcellx vision is to utilize our novel proprietary platform to bring superior cell therapies to more patients through the care of academic and community practices worldwide. More information can be found at www.arcellx.com.

Contact:

Solebury Trout
Zara Lockshin (media)
Tel: +1 646-378-2960
Email: [email protected]  

Alan Lada (investors)
Tel: +1 646-378-2927
Email: [email protected]



ALX Oncology Announces Updated Data from ASPEN-01, the Ongoing Phase 1b Study of ALX148, Showing Robust, Durable Activity in Patients with Non-Hodgkin Lymphoma


ORR of 70
.0
% Observed in
Patients
with
NHL
Treated with Higher
Doses of
ALX148
with
Median Duration of Response Not Yet Reached

— Significant Improvement in Clinical Response Demonstrated with Increased ALX148 Exposure

BURLINGAME, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) — ALX Oncology Holdings Inc., (“ALX Oncology”) (Nasdaq: ALXO), a clinical-stage immuno-oncology company developing therapies to block the CD47 checkpoint pathway, today announced the presentation of updated clinical data from its ongoing trial evaluating ALX148 in combination with rituximab for the treatment of patients with advanced relapsed and refractory (“r/r”) non-Hodgkin lymphoma (“NHL”). The new results, shared in a poster at the 62nd American Society of Hematology (“ASH”) Annual Meeting, show that the combination of ALX148 and rituximab is highly active and well tolerated in patients with r/r NHL [abstract 3016]. As of the data cutoff of October 1, 2020, 33 patients have been treated with ALX148 administered at 15 or 10 mg/kg once weekly (“QW”) with standard regimens of rituximab.

  • In response-evaluable patients (n=10) who received ALX148 at 15 mg/kg QW, the objective response rate (“ORR”) was 70.0%.
    • The ORR was 50.0% in patients (n=6) with aggressive lymphoma (r/r Diffuse Large B Cell Lymphoma and Mantle Cell Lymphoma) and 100% in patients (n=4) with indolent lymphoma (Follicular Lymphoma and Marginal Zone Lymphoma).
  • In response-evaluable patients (n=22) who received ALX148 at 10 mg/kg QW, the ORR was 40.9%.
    • The ORR was 33.3% in patients (n=15) with aggressive lymphoma and 57.1% in patients (n=7) with indolent lymphoma.
  • ALX148 in combination with rituximab was well tolerated with no dose limiting toxicities observed. A significant improvement in clinical response was demonstrated with increased ALX148 exposure across the doses evaluated (p=0.023).

“It is notable that higher ALX148 exposure is associated with greater objective response in this patient population,” said Sophia Randolph, M.D., Ph.D., Chief Medical Officer, ALX Oncology. “ALX148’s favorable tolerability profile permits the use of higher doses that may drive further improvements in clinical activity. We are excited to investigate higher doses of ALX148 in our planned Phase 2 program that includes patients with myelodysplastic syndromes (“MDS”), acute myeloid lymphoma (“AML”), head and neck cancer, gastric cancer, and breast cancer.”

“Furthermore, we believe there is a strong and compelling scientific rationale for using ALX148 in combination with different anti-cancer therapies. Thus, we are pleased to present preclinical data at the 62nd ASH Annual Meeting [abstract 1965] demonstrating superior tumor control and significant prolongation of survival in aggressive murine models of AML with ALX148 in combination with venetoclax and azacitidine. We believe these preclinical data further support our combination strategy and expand upon ASPEN-01’s encouraging clinical findings as we plan a robust Phase 2 program.”

About ALX Oncology

ALX Oncology is a publicly traded, clinical-stage immuno-oncology company focused on helping patients fight cancer by developing therapies that block the CD47 checkpoint pathway and bridge the innate and adaptive immune system. ALX Oncology’s lead product candidate, ALX148, is a next generation CD47 blocking therapeutic that combines a high-affinity CD47 binding domain with an inactivated, proprietary Fc domain. ALX148 has demonstrated promising clinical responses across a range of hematologic and solid malignancies in combination with a number of leading anti-cancer agents. ALX Oncology intends to continue clinical development of ALX148 for the treatment of a range of solid tumor indications as well as MDS and AML. For more information, please visit ALX Oncology’s website at www.alxoncology.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on ALX Oncology’s beliefs and assumptions and on information currently available to it on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause ALX Oncology’s actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to statements regarding ALX Oncology’s clinical pipeline and the expectations regarding the beneficial characteristics, safety, efficacy and therapeutic effects of ALX148. These and other risks are described more fully in ALX Oncology’s filings with the Securities and Exchange Commission (“SEC”), including ALX Oncology’s Quarterly Report on Form 10-Q, filed with the SEC on November 12, 2020, and other documents ALX Oncology subsequently files with the SEC from time to time. Except to the extent required by law, ALX Oncology undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.



Investor Contact:

Peter Garcia
Chief Financial Officer, ALX Oncology
(650) 466-7125 Ext. 113
[email protected]

Argot Partners
(212)-600-1902
[email protected]

Media Contact:

Karen Sharma
MacDougall
(781) 235-3060
[email protected]

Kleo Pharmaceuticals Presents Preclinical Data on KPMW135, a Novel CD3 x CD20 Bispecific Version of Rituximab, Showing Increased Anti-Tumor Activity Compared to Rituximab, at The 62nd Annual American Society of Hematology (ASH) Meeting

Proof-of-Concept Data Demonstrates Broad Therapeutic Potential of Company’s Multi-targeted Antibody Therapy Enhancer (MATE™) Platform

NEW HAVEN, Conn., Dec. 07, 2020 (GLOBE NEWSWIRE) — Kleo Pharmaceuticals, Inc., a targeted immunotherapy company developing fully synthetic bispecific therapies to redirect, enhance or replace antibodies, is presenting preclinical data today on KPMW135, a novel CD3 x CD20 bispecific molecule developed with Kleo’s multi-targeted antibody therapy enhancer (MATE™) conjugation platform.

Kleo’s technology was used to create KPMW135 via chemical conjugation of a CD3 binder directly to the anti-CD20 monoclonal antibody rituximab, a drug approved for the treatment of B-cell lymphomas and lymphocytic leukemias. Data showed that KPMW135 increased anti-tumor activity by at least a factor of 10 by adding T cell mediated cytotoxicity to rituximab’s existing mechanism of action. These data are being presented at the 62nd Annual American Society of Hematology (ASH) Meeting, being held Dec 5-8, 2020 in a virtual format.

“Using our proprietary MATE technology, we have built a true ‘biosuperior’ agent by adding an additional mechanism of action – potent and specific activation of anti-tumor T cells to destroy tumors – to an existing approved therapeutic antibody, rituximab, without increasing overall toxicity,” said Doug Manion, MD, CEO. “We believe our technology can rapidly improve product profiles in both approved or investigational antibodies and Fc-containing proteins, and we are actively pursuing strategic collaborations in this space.”


In vitro

studies showed that KPMW135:

  • maintained the native binding properties of rituximab, with data demonstrating KPMW135’s ability to bind CD16a/FcgRIIIA and FcRn via the Fc domain, as well as CD20 binding on target tumor cells via the Fab domains
  • induced functional activation of a number of peripheral blood mononuclear cell (PBMC) effector cell types, including NK cells and T cells
  • T cell activation was target cell dependent and robust (100-fold higher)


In vivo

c
ynomolgus
study
showed that KPMW135:

  • activated T cells 2-3 fold with a peak at four hours post-dose, compared to an equivalent dose of rituximab, as shown by increased CD69 and CD44 expression
  • induced a rapid and sustained reduction of B cells, demonstrating CD20 target specific engagement without overt toxicity

In addition to KPMW135, Kleo’s oncology and infectious diseases portfolio includes KP1237, a clinical-stage, CD38-targeting therapy in development for the treatment of multiple myeloma, as well as a hyperimmune globulin mimic (HGM) therapy in development to treat COVID-19.

Details of the electronic presentation are as follows:

Title: KPMW135, a Biosuperior CD3 Bispecific Version of Rituximab Created by a Novel Chemical Conjugation Technology Demonstrates Increased Anti-Tumor Activity by Adding T Cell-Mediated Cytotoxicity Activity to the Existing Mechanisms of Rituximab
Number: 3009
Presenter: Christian Vidal, PhD
Program: Oral and Poster Abstracts
Session: 625. Lymphoma: Pre-Clinical—Chemotherapy and Biologic Agents: Poster III
Time and Location: Monday, December 7, 2020: 7:00 a.m. – 3:30 p.m. PST
Poster Hall (Virtual Meeting)

About Kleo Pharmaceuticals, Inc.

Kleo Pharmaceuticals is a targeted immunotherapy company that develops fully synthetic bispecific therapies to redirect, enhance or replace antibodies. The company was founded on the groundbreaking research of its scientific founder Dr. David Spiegel at Yale University. Kleo’s synthetic immunotherapy platform uses two chemistry-based approaches – antibody-redirecting molecule (ARM) and multi-targeted antibody therapy enhancer (MATE) – that help redirect and stimulate key components of the immune system to eradicate cancer cells and virulent pathogens. Compared to biologic therapies, Kleo’s compounds are smaller and more versatile, allowing for better tumor/tissue penetration, non-immunogenic for improved safety and higher dose levels, more efficient to produce and potentially orally bioavailable. They can be optimized against specified biological targets or combined with existing cell- or antibody-based therapies. Kleo investors include Biohaven Pharmaceutical Holding Company (NYSE:BHVN) and PeptiDream Inc. (Nikkei:PPTDF). For more information, visit www.kleopharmaceuticals.com.

CONTACT INFORMATION
LifeSci Advisors (Investors)
Irina Koffler
646-970-4681
[email protected]

Susan Kinkead (Media)
415-509-3610
[email protected]



Sage and GCPay Strengthen Partnership to Help Streamline the Subcontractor Payment Process

GCPay is now part of the Sage product portfolio, providing additional payment functionality to both Sage 300 Construction and Real Estate and Sage 100 Contractor

ATLANTA and PORTLAND, Ore., Dec. 07, 2020 (GLOBE NEWSWIRE) — Sage (FTSE: SGE), the market leader in cloud business management solutions, and GCPay, the leading web-based platform for managing the subcontractor pay application process, today announced a strengthened partnership. Sage will now offer GCPay as an add-on with its industry-leading construction solutions, Sage 300 Construction and Real Estate and Sage 100 Contractor.

“Managing subcontractor invoicing and payment processes is a source of frustration for many construction firms,” said Dustin Anderson, vice president of Sage Construction and Real Estate. “It usually entails back and forth emails or calls to address issues such as incorrect billings, unapproved change orders, missing lien waivers, or expired compliance documents. Our partnership with GCPay helps to eliminate these common pain points by automating many time-consuming processes, advancing a timelier and more accurate subcontractor payment process.”

Since 2003 contractors have benefited from the seamless integration between GCPay and Sage 300, with integration to Sage 100 added in 2020. Integration enables them to link project, commitment, and compliance details. This simplifies the invoicing and payment process and helps reduce risk. It also supports subcontractor compliance as required documents must be provided prior to submitting applications for payment. Once submitted, the contractor reviews and approves the application for payment and the data is then transferred into the Sage solution where approved applications are automatically pushed for payment.

“We’re pleased to be strengthening our partnership with Sage, offering the benefits of GCPay directly to the Sage construction community through trusted Sage staff and business partners,” said Daniel Brunelli, chief operating officer in North America for GCPay. “For almost 20 years GCPay has been helping contractors reduce the stacks of paper and hours of time associated with managing subcontractor pay app process. We’re committed to making the construction payment process as easy as possible for the more than 40,000 construction firms using GCPay.”

Adding GCPay to Sage 300 Construction and Real Estate and Sage 100 Contractor ensures project reports and financials are accurate and available on demand. It also provides automated notifications to ensure projects remain up to date. Additional benefits include:

  • Integrated Commitment Management: Pushes subcontract commitments and commitment change orders automatically, validating current commitment amounts between GCPay and Sage 300 and Sage 100
  • Automated Payable Import: Reduces time spent with data entry; eliminates posting errors and omissions; and slashes processing time for accounting teams
  • Instant Project
    Coordination and Validation: Automates compliance tracking; provides specific lien waivers based on project specifications; and ensures contractors’ billing values never exceed contract amounts

Call 1-800-628-6583 for more information on how to add GCPay to Sage 300 Construction and Real Estate or Sage 100 Contractor.

Sage Construction and Real Estate is the market leader for financial, project management, and estimating systems used by more than 50,000 construction and real estate companies in North America. With a whole spectrum of solutions from back-office accounting to cloud-based collaboration tools, Sage helps construction companies to manage more than 500,000 jobs, 7 million subcontracts, and 622,000 rental units each year. Visit SageCRE.com for more information on Sage’s industry-leading construction business management and accounting solutions.

About Sage

Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight. Learn more at www.sage.com/en-us/ or www.sageintacct.com.

About
GCPay

GCPay is a leading North American provider of cloud collaboration software aimed at streamlining the construction payment process for commercial contractors. GCPay automates construction subcontract management processes, specifically invoicing, compliance and lien waivers. Through ERP integration partners, GCPay cuts costs, improves compliance and reduces risk by streamlining subcontractor management and payment. Founded in 2002, GCPay is headquartered in Richmond, VA, USA.

Media contact
s
:

Natalia Fuscoe
Public Relations, Sage Construction and Real Estate
[email protected]

Mike Milligan
Head of Global Marketing, GCPay
[email protected]

Additional resources:

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International Minute Press Printing Franchise in Cary, NC Shows Steady Growth and Helps Local Businesses Overcome COVID-19 Challenges Together

CARY & RALEIGH, N.C., Dec. 07, 2020 (GLOBE NEWSWIRE) — Describing the performance of his International Minute Press franchise in Cary last year, Neal Sugarman says, “We were steadily growing each year in what was just our fourth year in business.” Since printing is an essential business and Neal is dedicated to his clients and his community, he did not let COVID-19 get in the way of his determination. Instead, he adapted his products and services, reinforced his marketing strategies, and thrived as a result.

Neal explains, “All of a sudden, here we have this pandemic and relative to what we have been doing, our day-to-day operations were profoundly different.  The phones and emails became strangely quiet, but we did not.  We went to work, spending time on renewed marketing programs, keeping our staff safe and employed. We implemented four years’ worth of marketing ideas because we finally had the time to focus on them.”

Neal and his team brought new life into a business community fraught with new challenges.  “We created avenues for revenue using health and safety signage, floor graphics and other design and printed tools to help get our clients into a position to keep making money.”


International Minute Press in Cary
adapted their business to fit the needs of clients during the pandemic and it worked.  “Most of our payments were made online (instead of in our storefront) and we delivered products based on the guidelines and our customers’ comfort levels.  We would regularly come out curbside and load their vehicles or leave completed projects out for them, carefully, if they wished.  We made sure every interaction was a good one for everyone.”

“I revised our website, upped our social media game and increased Google AdWords activity within the first few weeks.  This allowed faster, easier ways to connect with everyone and we got busier because of it. Orders came in from hotels and restaurants, but also from new people responding to our new marketing efforts. We got busier from all of it.” – Neal Sugarman, owner,


International Minute Press franchise, Cary NC

Neal reflects, “Our business shifted for the better in the past few months and part of that growth was people realizing exactly how much we can provide.  Some people didn’t know we could provide signage at this level, for instance. As they became aware, the sign business helped keep us above where we were last year.”

“We also wanted to help our customers and local community who were suffering from the pandemic,” he adds. 

The team decided to print a lot of yard signs for restaurants that allowed them to tell customers they were open for business. “We gave out over 100 “Open Curbside” signs to area restaurants, free of charge. It’s a really cool thing to drive around town today and see all of these signs still being used six months later!”

Neal and his staff reached out to the community in a variety of ways and their focus on community service became part of their business model.  “We definitely increased our community service partly because we had more time and mostly because we wanted to give back to a community that has been so generous to us.  We are involved with a non-profit called Dorcas Ministries, who runs the only food pantry in Cary (and we have a population of 175,000). The pandemic increased demand on the pantry supplies and we wanted to help.  We printed and sold #CaryStrong signs for them and raised almost $400 for the pantry.”

“In our community, we support one another.  We used any extra time caused by quarantine in the beginning to do things to help our local area.” – Neal Sugarman

Donating time and services has become a winning situation as Cary bounces back. A sense of gratitude is present. “We upped our game through diversifying into community service activities as part of our day-to-day marketing.  Yes, it is good for business; but what matters to us is that our work is good for our community and makes us better citizens now, more than ever.”

Neal reflects on this unprecedented time and how his business has been able to grow during COVID-19. He says, “The combined effect of helping support local business and doing a lot ourselves within the community has helped our business, too.”

For more information on International Minute Press in Cary, visit https://www.cary.intlminutepress.com. Learn more about #1 rated Minuteman Press International franchise opportunities at https://minutemanpressfranchise.com.

Attachment



Minuteman Press International
Franchise Opportunities, 1-800-645-3006
Home Page
or Media: Chris Biscuiti, 631-249-1370 [email protected]

U.S. commercial insurance prices again increase significantly during Q3

Price change reported by carriers increased nearly 10%

ARLINGTON, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) — U.S. commercial insurance prices again grew significantly in the third quarter of 2020, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the third quarter of 2020 to those charged for the same coverage and quarter in 2019 and found the aggregate commercial price change reported by carriers was near 10% for the second consecutive quarter.

Price changes for nearly every line were consistent with the increases from the prior quarter survey. Excess/umbrella and directors’ and officers’ liability insurance reported the largest price increases; commercial auto showed increases of near or above double digits for the 12th consecutive quarter. The outlier continues to be workers compensation, which indicated modest price reductions, though they have tempered for the last seven quarters. Price changes differed by account sizes with small accounts more muted, mid-market accounts near double digits and large accounts well into double digits.

“While commercial insurance prices continued to rise this quarter at a significant rate, CLIPS data indicate the acceleration in prices observed in recent quarters stabilized somewhat,” said Yi Jing, director, Insurance Consulting and Technology, Willis Towers Watson. “The price change level holding steady occurs despite the tethering impact of past workers compensation price reductions waning.”

CLIPS is a retrospective look at historical changes in commercial property & casualty insurance (P&C) prices and claim cost inflation. A forward-looking analysis of commercial P&C trends, outlook and rate predictions can be found in Willis Towers Watson’s Insurance Marketplace Realities series.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

About CLIPS

CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross section of U.S. P&C insurers that includes many of the top 10 commercial lines companies and the top 25 insurance groups in the U.S. This survey compared prices charged on policies written during the third quarter of 2020 with the prices charged for the same coverage during the same quarter of 2019. For this most recent survey, 36 participating insurers representing approximately 20% of the U.S. commercial insurance market (excluding state workers compensation funds) contributed data.

Media
contact

Ileana Feoli: +1 212 309 5504 
[email protected]