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Business Lifestyle

EVgo energizes new station at Wawa in Philadelphia bringing Evgo chargers to 6 stores across the convenience retailer’s chain

New charging station in Philadelphia is the first operational EVgo station at a Wawa store in Pennsylvania

LOS ANGELES — (BUSINESS WIRE) — EVgo Inc, the nation’s largest public fast charging network for electric vehicles (EVs) and Wawa Inc., a regional convenience store retailer, yesterday announced the opening of the first live EVgo public fast charging station at a Wawa store in Pennsylvania. The new charging station, located at 3901 Aramingo Ave in Philadelphia, Pennsylvania, powers four charging stalls through two 100 kW fast chargers and one 350 kWh fast charger, capable of simultaneous charging. The launch of this new station marks EVgo’s sixth charging site at a Wawa location, and was celebrated with a ribbon cutting ceremony and lineup of local speakers on-site yesterday, March 9th.


“Our partnership with EVgo ensures Wawa stores are able to provide convenient EV charging services along with other amenities drivers are looking for,” said Vincent Cipollone, Director of Retail Fuels, Wawa. “Our store on Aramingo Avenue provides EV charging services to Philadelphia and is part of our current network of 80 stores hosting EV charging, which builds upon our mission of providing conveniences designed to meet the needs of our customers and furthering our commitment to sustainability through our partnership with EVgo.”

 

EVgo customers charging and shopping at Wawa have the added flexibility of going into the store for fresh, built-to-order foods, beverages, and coffee or taking advantage of Wawa’s curbside delivery through the Wawa app.

 

“Many convenience stores are strategically located along high-traffic areas, and EVgo and Wawa are a great match – as a priority destination for customers seeking quick access to food and fuel,” said Cathy Zoi, CEO of EVgo. “An effective transition to electric vehicles requires infrastructure and our work with Wawa allows us to provide ideal locations for customers, particularly in the dense urban area of Philadelphia where many EV drivers may not have access to home chargers. We look forward to bringing more sites online with Wawa.”

 

Built in collaboration with General Motors and funded in part by the Pennsylvania Department of Environment Protection’s Driving PA Forward initiative, this new station will provide a convenient and reliable EV charging experience close to where drivers live, work and play. Within Pennsylvania, public DC fast chargers are an integral part to achieving the state’s climate objectives of a 25% reduction in greenhouse gas emissions by 2025 and an 80% reduction by 2050. EVgo and Wawa are slated to develop additional fast charging infrastructure in the state, bringing more charging options and working towards the goals of the Pennsylvania Climate Action Plan.

 

EVgo and Wawa have two additional charging sites currently under construction – one site in Pennsylvania and another in Maryland – which are expected to be operational in the next few months. Today, EVgo’s public fast charging network in Pennsylvania features 40 charging stalls, 32 DC fast chargers and 7 L2 chargers.

 

With stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C. Wawa’s partnership with EVgo builds upon the company’s existing EV charging offerings and recent milestones, such as surpassing one million EV charging sessions in 2021. Currently, Wawa offers EV charging at 80 locations across its operating area.

 

A ribbon cutting ceremony took place at the new charging site yesterday, March 9th, and featured a lineup of local officials including Vincent Cipollone, Director of Retail Fuels, Wawa; Patrick McDonnell, Pennsylvania Environmental Protection Secretary; Christine Knapp, Director of the Office of Sustainability for the City of Philadelphia; and Ted Brooks, Vice President of Investor Relations at EVgo.

 

For more information around the locations of EV chargers within the EVgo charging network, visit www.evgo.com.

 

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

 

About Wawa, Inc.

Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Toward the end of the 19th Century, owner George Wood took an interest in dairy farming and the family began a small processing plant in Wawa, PA in 1902. The milk business was a huge success, due to its quality, cleanliness and “certified” process. As home delivery of milk declined in the early 1960s, Grahame Wood, George’s grandson, opened the first Wawa Food Market in 1964 as an outlet for dairy products. Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services and surcharge-free ATMs. Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C. The stores offer a large fresh foodservice selection, including Wawa brands such as custom prepared hoagies, freshly-brewed coffee, hot breakfast sandwiches, specialty beverages and an assortment of soups, sides and snacks. Forbes.com Ranks Wawa as #29 of America’s Largest Private Companies in 2021 and #12 on Forbes 100 Halo List in 2022. For more information, visit us on www.wawa.com or follow us on Facebook, Twitter or Instagram at @wawa.

 

Contacts

For Investors:

Ted Brooks, VP of Investor Relations

investors@evgo.com
310-954-2943

For Media:

press@evgo.com

Categories
Business Science

Enzychem Lifesciences announces completion of Clinical Study Report (CSR) for Phase 2 study of EC-18 in Chemoradiation-induced Oral Mucositis

ENGLEWOOD CLIFFS, N.J. — (BUSINESS WIRE) — #CRIOMEnzychem Lifesciences (KOSDAQ: 183490), a late-stage biotechnology company, announced today that the company has completed the final Clinical Study Report (CSR) for their Phase 2 study of EC-18 in Chemoradiation-induced Oral Mucositis (CRIOM), entitled “Phase 2, multi-center, randomized, double-blind, placebo-controlled study to evaluate the safety and efficacy of EC-18 in altering the severity and course of oral mucositis (OM) in subjects being treated with concomitant chemoradiation therapy for cancers of the mouth, oropharynx, hypopharynx, and nasopharynx.”

The phase 2 U.S. study was designed as 2 stages with 105 randomized subjects at 21 sites to evaluate the safety, tolerability, and efficacy of its lead compound, EC-18 on mitigating severe oral mucositis (SOM) in head and neck subjects receiving concomitant chemoradiation therapy for cancers of the mouth, oropharynx, hypopharynx, and nasopharynx.

 

An iDSMB evaluated the safety endpoint every two weeks in a blinded fashion, until 30 days after the last dosing of Stage 1. If a safety issue was noted, the iDSMB was instructed to unblind the treatment assignments to ascertain if the adverse event (AE) was associated with the study drug. Since no safety issues were identified at the end of Stage 1, Stage 2 commenced using 2000 mg of the study drug, consistent with a positive safety outcome.

 

The primary efficacy endpoint demonstrated that the median duration of SOM (defined as WHO Grades 3 or 4) from baseline through short-term follow-up period (STFU) was 0.0 days in the EC-18 group versus 13.5 days in the placebo group (100% reduction).

 

The secondary efficacy endpoints showed that the incidence of SOM from baseline through the active treatment period was reduced by 37.1% in the EC-18 group when compared to the placebo group (40.9% vs. 65.0%). Similarly, the incidence of SOM from baseline through the STFU period also reported a reduction by 35.0% in comparison to the placebo group (45.5% vs. 70.0%). Based on the estimated median time to onset of SOM with a confidence interval of 95% utilizing the Kaplan Meier analysis, the time of onset of SOM was 8 days longer in the EC-18 group in comparison to the placebo group (43 days vs. 51 days). Also, EC-18 showed a median delay of 11.5 days in time to the first use of opioid analgesics when compared to the placebo group (37 days vs. 25.5 days).

 

About Enzychem Lifesciences

Enzychem Lifesciences (KOSDAQ: 183490) is a clinical-stage biopharmaceutical company focused on developing oral small molecule therapies for patients with unmet medical needs in oncology, metabolic and inflammatory diseases. EC-18 acts as an immunomodulator, facilitating the resolution of inflammation and early return to homeostasis. Enzychem is headquartered in South Korea, with an office in the United States. For more information, please visit www.enzychem.com.

Contacts

Investors / Business Development

Ted Kim

Director of Business Development

ted.kim@enzychem.com

Media

Sanghyun Lee

Public Relations Associate

noah.lee@enzychem.com

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Business News Now!

S3 Ventures announces $250M Fund VII – The largest venture capital fund focused on Texas-based startups

  • Austin-based venture capital firm with assets under management surpassing $900 million invests primarily in Texas-based startups across three sectors: business technology, digital experiences and health care technology
  • S3 Ventures is solely backed by a philanthropic family with a multibillion-dollar foundation. The firm’s single-LP structure enables patient capital and stronger alignment with visionary founder needs
  • S3 makes initial investments from $500,000 to $10 million in seed, Series A or Series B rounds with capacity to invest more than $20 million throughout the life of a company
  • Founded in 2005, S3’s investments exceed 50, including more than 25 active portfolio companies and more than 20 exits. Those portfolio companies have raised nearly $2 billion in total financing

 

AUSTIN, Texas — (BUSINESS WIRE) — #fundingS3 Ventures today announced a $250 million Fund VII — the latest and largest venture capital fund focused on the state of Texas. With $900 million in assets under management, the Austin-based VC is the largest firm that primarily invests in Texas-based startups.


S3’s seventh fund is representative of a decade-long acceleration in startup funding across the state — concentrated in Austin, Dallas, Houston and San Antonio. The rapid growth of local capital sources in recent years has enabled hundreds of Texas startups to raise multiple rounds in their home state — rather than rely on coastal firms for financing.

 

Since its founding in 2005, S3 Ventures has been backed by one limited partner — a highly philanthropic family with a multibillion-dollar foundation focused on addressing social inequities. With its single-LP structure, the firm is undistracted by fundraising and unencumbered by many of the constraints faced by traditional VC firms, thereby providing patient capital that better aligns with a founder’s long-term vision.

 

“In our first 17 years, we have been fortunate to partner with truly visionary founders who have transformed the way we work, live and heal,” said S3 Managing Director Brian R. Smith. “We look forward to working with many more in the years ahead.”

 

S3 Ventures makes initial investments from $500,000 to $10 million in seed, series A or series B rounds with the capacity to invest more than $20 million throughout the life of a company.

 

A Texas-sized Track Record of Success

S3 has made more than 50 investments to date, with more than 25 active portfolio companies and more than 20 exits. S3 portfolio companies have raised nearly $2 billion in total financing.

 

Recent exits include:

  • 2021 — Initial public offering by Alkami Technology (Nasdaq: ALKT), a Plano-headquartered digital-banking fintech company;
  • 2021 — $500-million acquisition of Levelset, an Austin and New Orleans-based construction-payment company, by California-based construction management software business Procore Technologies (NYSE: PCOR);
  • 2020 — $160-million+ acquisition of Acessa Health, an Austin-headquartered developer of a minimally invasive treatment for fibroids, by Massachusetts-based women’s health medical-technology company Hologic (Nasdaq: HOLX);
  • 2020 — acquisition of Live Oak Technology, an Austin-headquartered remote financial transaction platform, by San Francisco-headquartered DocuSign (NASDAQ: DOCU)
  • 2018 — acquisition of Favor Delivery, an Austin-headquartered on-demand delivery service company, by San Antonio-based grocer H-E-B;
  • 2018 — acquisition of TVA Medical, an Austin-headquartered developer of minimally invasive procedures for chronic-kidney disease patients, by New Jersey-based Becton, Dickinson and Co. (NYSE: BDX)

 

Alkami Technology co-founder and Chief Strategy & Product Officer Stephen Bohanon attributes S3’s patient-capital model as contributing to the company’s success.

 

“S3 was an investor during the full lifecycle of the company, from seed stage to IPO,” Bohanon said. “They supplied early capital, guidance, process and governance. They also attracted growth-stage investors by leveraging their network, which helped us rapidly scale-up to our public offering.”

 

Texas Set to Become Second-largest U.S. Tech Ecosystem

“We believe that by 2030, Texas could be the second-largest technology ecosystem in the country,” Smith said. “That growth is being driven by long-term demographic shifts and broad-based economic strength of not just Austin, but also Dallas, Houston and San Antonio.”

 

The firm’s portfolio focus underscores its vision of the Lone Star State becoming the nation’s No. 2 premier tech hub. To date, S3 has made 36 investments in Austin, four in Dallas and six in Houston.

 

Current Texas-based portfolio companies are spread across the state, with:

  • 14 Austin investments including UpEquity, a real estate startup democratizing the home buying process; Atmosphere TV, a cable alternative that provides free-streaming TV for businesses; and Interplay Learning, a provider of 3D simulation-based training for the skilled trades;
  • 3 Dallas investments — including Alkami Technology, a digital banking platform; NoiseAware; a provider of automated noise monitoring and resolution systems for property managers; and IFM Restoration, an online marketplace that connects contractors with owners of single family rental homes;
  • 3 Houston investments including BrainCheck, a provider of interactive cognitive assessment and care planning technology; Saranas, an early bleed detection system; and BuildForce, a construction labor marketplace.

 

S3 Ventures’ Deep Stable of Investment Experts

Smith founded the firm with a $20 million first fund 17 years ago. An electrical engineer who began his career at IBM, Smith previously founded Austin-headquartered Crossroads Systems in 1994, leading it as CEO through five rounds of VC funding, an IPO and beyond. He now leads the firm’s team of eight investment professionals, all based in Austin.

 

General Partner Charlie Plauche, who has led over a dozen of the firm’s investments and multiple exits, started as an intern and joined full time in 2011, after earning an MBA from the McCombs School of Business at the University of Texas at Austin. Plauche previously worked at Alabama-based Harbert Private Equity.

 

The firm’s newest partner, Eric Engineer, joined in 2018, after serving as CEO of Invodo, an S3 Ventures portfolio company acquired that year. Engineer previously worked at Sevin Rosen Funds in Dallas; Microsoft in Redmond, Washington; and, Trilogy Software in Austin. Engineer earned an MBA at Harvard Business School, and a master’s degree and a bachelor’s degree in computer science from Rice University in Houston.

 

Aaron Perman is a principal at S3 Ventures and has worked with the majority of S3’s portfolio companies. A graduate of the University of Southern California, Perman joined the firm in 2013 from Los Angeles based hedge fund Western Standard. Perman also served as CEO of New York based Qualia Media prior to its acquisition.

 

About S3 Ventures

Founded in 2005, S3 Ventures is an Austin-based venture capital firm that has raised seven funds with more than $900 million in assets under management. S3 is the largest VC firm focused on Texas. S3 Ventures typically makes its initial investment in seed through series B rounds, with checks ranging from $500,000 to $10 million, into startups innovating in business technology, digital experiences and health care technology. The firm has the capacity to invest more than $20 million during a company’s lifetime. S3 has made more than 50 investments to date, with more than 25 active portfolio companies and more than 20 exits. S3’s portfolio companies have gone on to raise nearly $2 billion in financing. Since its inception, S3 has been backed by a single philanthropic family with a multibillion-dollar foundation. With its sole-LP structure, the firm is undistracted by fundraising and unencumbered by many of the constraints faced by traditional VC firms, providing patient capital that better aligns with the needs of visionary founders. More at https://www.s3vc.com/.

Contacts

Ethan Parker

Treble
s3ventures@treblepr.com

Categories
Business Lifestyle

Provenir appoints Francisco Franch to lead expansion in Spain

Demand for company’s AI-powered risk decisioning software continues to drive global expansion

 

PARSIPPANY, N.J. — (BUSINESS WIRE) — #AIProvenir, a global leader in AI-powered risk decisioning software, today announced Francisco Franch will be leading Sales in Spain to serve the growing number of financial services organizations seeking AI-powered risk decisioning solutions. Franch will oversee sales operations, business development and go-to-market strategies for Spain.

Franch brings more than 18 years’ experience in financial services, including four years in Sales for EMEA at Provenir. He also held several progressive sales roles at Ejecutivo de Cuentas developing marketing strategies and identifying and building technology partnerships to reach new customers.

 

“Customer expectation for real-time decisions continues to drive fintechs and financial services providers to find solutions to meet this demand,” said Frode Berg, Provenir’s Managing Director of EMEA. “Across EMEA, we’re experiencing significant growth and interest in our real-time decisioning solution. Francisco will lead Sales in Spain where we are expanding quickly. Customers and prospects will benefit significantly from his experience with Provenir’s AI-powered risk decisioning software and his rich industry knowledge.”

 

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for financial services organizations. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience, users can create the platform-as-a-service (PaaS) cloud solution that best fits their business needs.

 

About Provenir

Provenir helps fintechs, financial institutions, and payment providers make smarter decisions faster by simplifying the risk decisioning process. Its no-code, cloud-native SaaS products form a risk decision engine for real-time approvals and make it easy to rapidly create sophisticated decisioning workflows. With a global data marketplace for seamless integration, powerful AI and machine learning models, and real-time insights, Provenir has supercharged decisioning speed. Provenir works with disruptive financial services organizations in more than 40 countries and processes more than 2 billion transactions annually.

Contacts

Erin Lutz

Lutz Public Relations and Marketing (for Provenir)

949-293-1055 | erin@lutzpr.com

Categories
Business Technology

PARTS iD, Inc. to report fourth quarter and full year 2021 results on March 14, 2022

CRANBURY, N.J. — (BUSINESS WIRE) — PARTS iD, Inc. (NYSE American: ID) (“PARTS iD” or “Company), the owner and operator of, among other verticals, “CARiD.com,” a leading digital commerce platform for the automotive aftermarket, announced today that the company will release its financial results for the fourth quarter and year ended December 31, 2021, after the market close on Monday, March 14, 2022. Management will host a conference call that afternoon (March 14, 2022) at 4:30 p.m. ET to discuss the financial results.

 

There will be a slide presentation that accompanies management’s prepared remarks. The slides and audio will be accessible through a live webcast at https://www.partsidinc.com/. Investors and analysts interested in participating in the call are also invited to dial (877) 407-9129 (domestic) or (201) 493-6753 (international).

 

An archived webcast of the conference call will be available at https://www.partsidinc.com/. A telephonic replay of the conference call will be available until March 28, 2022, by dialing (877) 660-6853 (domestic) or (201) 612-7415 (international) and entering the conference identification number: 13727714

 

About PARTS iD, Inc.

PARTS iD is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. Founded in 2008 with a vision of creating a one-stop eCommerce destination for the automotive parts and accessories market, management believes that the Company is a market leader and proven brand-builder, fueled by its commitment to delivering a revolutionary shopping experience; comprehensive, accurate and varied product offerings; and continued digital commerce innovation.

Contacts

Investors:
Brendon Frey

ICR

ir@partsidinc.com

Media:
Erin Hadden

FischTank PR

partsid@fischtankpr.com

Categories
Business International & World

Cenntro Electric acquires majority interest of Tropos Motors Europe to expand European Assembly Capability and Distribution Networks in EMEA and adds a strategic customer network in Europe

FREEHOLD, N.J. — (BUSINESS WIRE) — Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it entered into an agreement with Mosolf SE & Co. KG (“Mosolf”), one of Europe’s largest automotive logistics and service providers, to acquire a 65% equity interest in Tropos Motors Europe GmbH (“TME”), a wholly owned subsidiary of Mosolf, for €3.25 million and assume 100% of a shareholder loan from Mosolf to TME in the amount of €11.9 million. The transaction is subject to customary closing conditions and is expected to close in March 2022.

TME has been a strategic, private label channel partner and one of the largest customers of Cenntro since 2019. TME assembles and distributes light electric commercial vehicles, based on Cenntro’s Metro® model, in Europe under the brand “ABLE.” As of February 28, 2022, TME has a distribution network of 50 dealers in Germany and 13 importers in Europe across sixteen countries, including France, Spain, Portugal, the Netherlands, Belgium, Austria, Italy, Denmark, and the Czech Republic, and also sells directly to major fleet providers. Following the closing of the acquisition, it is anticipated that TME will assemble and distribute the full line of Cenntro’s products for the European market, including the Metro®, the Logistar™ series and the Neibor® series for last mile on-demand delivery and related services.

 

This acquisition will accelerate Cenntro’s expansion within EMEA (Europe, Middle East and Africa) and represents a significant step in the Company’s growth strategy to be a leading provider of electric commercial mobility,” said Peter Wang, Chairman and CEO of Cenntro. “Through this acquisition, we gain a significant geographical advantage and the addition of key management personnel within the European region, unlocking significant global growth opportunities for the Company.”

 

The acquisition expands Cenntro’s assembly capabilities and distribution network in EMEA and adds a strategic customer network in Europe.

 

This is a milestone for both companies. With Cenntro we have the perfect partner to offer different electric commercial vehicles across Europe, Middle East and Africa. We now can meet customer needs even better with a wide range of light to medium-duty commercial vehicles,” said Dr Jörg Mosolf, Chairman and CEO of the MOSOLF Group.

 

About Cenntro Electric Group

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology company with advanced, market-validated electric commercial vehicles. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production and fully digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has produced and delivered over 3,600 commercial EVs in more than 26 countries. For more information about Cenntro, please visit www.cenntroauto.com.

 

About TROPOS MOTORS EUROPE

Tropos Motors Europe, a subsidiary of the MOSOLF Group, is a specialist for compact, electric commercial vehicles for a wide range of target groups and applications. These include, in particular, delivery and parcel services, industry and intralogistics, technical trades and facility management, food retail, hospitality and tourism, zoos, amusement parks and sports facilities as well as cities and municipalities. www.tropos-motors.de

 

About MOSOLF Group

The MOSOLF Group is one of the leading system service providers for the automobile industry in Europe. The family business, which was founded in 1955, has its headquarters in Kirchheim unter Teck, and provides a range of services. These include tailor-made logistics, technical and service solutions provided using a network of business sites across Europe and a multi-modal fleet. The spectrum of services provided by the MOSOLF Group covers the complete value-added chain for automobile logistics from the end of the production line to recycling. In addition to transporting vehicles (cars, light vans, high & heavy vehicles), workshop services, special vehicle construction, industrial paintwork, mobility services, releasing agent services, and vehicle recycling are all part of the portfolio of services. Within this context, MOSOLF provides all-round, customized solutions for the automobile industry, fleet operators, and dealers from one source and also handles the associated data flow using modern software solutions. To learn more, visit www.mosolf.com.

 

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as “may,” “believe,” “anticipate,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “estimate(s),” “project(s),” “forecast(s)”, “positioned,” “approximately,” “potential,” “goal,” “strategy,” “outlook” and similar expressions. Examples of forward-looking statements include, among other things, statements regarding decentralized production, fully digitalized autonomous driving solutions and expected synergies and positive developments that could result from this acquisition. All such forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. Among the key factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are the following: our inability to consummate the proposed transaction, including due to the failure to satisfy any closing conditions in the purchase agreement; our ability to successfully integrate the acquired business and to maximize expected synergies; and our ability to realize the expected benefits of the proposed transaction. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro’s public filings with the SEC, including the “Risk Factors” in Cenntro’s Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on January 5, 2022 and which may be viewed at www.sec.gov.

Contacts

Investor Relations Contact:

Chris Tyson

MZ North America

CENN@mzgroup.us
949-491-8235

Company Contact:

PR@cenntroauto.com
IR@cenntroauto.com

Categories
Business Science

Bayer strengthens company’s government and industry affairs group in key U.S. market with two appointments

Michael Parrish Named Vice President of Public Affairs, Science and Sustainability in the U.S.

Duane Simpson Named Vice President of North America Crop Science Public Affairs, Science and Sustainability

 

WHIPPANY, N.J. — (BUSINESS WIRE) — Bayer today announced the appointment of Michael Parrish to the position of Vice President of Public Affairs, Science and Sustainability, U.S. Parrish has served as the interim lead of U.S. Public Affairs since April 2021, following the function’s formation. In this new role, he will be responsible for driving a unified organization and strategy, including oversight of the company’s U.S. Government Relations, Policy and Corporate Engagement teams.


To continue to align and unify our efforts with policymakers at the state and federal levels, government relations for Crop Science will now shift to the U.S. Public Affairs, Science and Sustainability team, bringing our three divisional government affairs efforts to one team representing Bayer. In this capacity, the company has promoted Duane Simpson to Vice President of the North America Crop Science Public Affairs, Science and Sustainability Team. Simpson and his team will be responsible for engaging with key federal and state agencies, as well as industry and trade associations, that help govern the technologies that farmers use and support the growth of the U.S. and Canadian agriculture sectors.

 

Parrish will continue to report to Patrick Lockwood-Taylor, President of Bayer U.S., and serve as a member of the U.S. Country Leadership Team, as well as the Global Public Affairs Leadership Team reporting to Matthias Berninger, Senior Vice President, Public Affairs and Sustainability. Simpson will report to Jacqueline Applegate, President, North America Crop Science, and continue to be a part of the Crop Science North American Leadership Team.

 

“As a top U.S. life sciences company, we remain focused on using our science-based innovation for better lives, and leading with heart, to make our vision of ‘Health for All, Hunger for None’ a reality for generations to come,” said Patrick Lockwood-Taylor, President of Bayer U.S. “These appointments recognize the tremendous success both Michael Parrish and Duane Simpson have already brought to Bayer. Under their leadership, the organization will continue to build and strengthen relationships with policymakers and key stakeholders that are essential to advancing our growth and value – and our success – in the company’s most important market.”

 

Parrish brings a wealth of experience to the role, with more than 20 years in government service and government relations in corporate settings, working with elected officials, and various roles held at the U.S. Department of State and Department of Justice. Simpson has nearly 30 years of experience in political campaigns, state government, trade associations, industry affairs and government affairs at both the state and federal level.

 

Parrish and Simpson assume their new responsibilities effective March 1, 2022.

 

Bayer: Science For A Better Life

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, go to www.bayer.us.

 

Bayer U.S. Social Media Channels: Facebook / Twitter / Instagram

Bayer® and the Bayer Cross® are registered trademarks of Bayer.

 

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Contacts

Nicole Hayes, Bayer U.S.

Nicole.Hayes@bayer.com
201-421-5268

Categories
Business Local News

U.S. Food and Drug Administration approves Opdivo® (nivolumab) with chemotherapy as neoadjuvant treatment for certain adult patients with resectable non-small cell lung cancer

Approval marks the first-and-only immunotherapy-based treatment for use before surgery for non-small cell lung cancer1

In the Phase 3 CheckMate -816 trial, Opdivo plus platinum-doublet chemotherapy significantly improved event-free survival and pathologic complete response compared to platinum-doublet chemotherapy alone1

Opdivo-based combinations now approved in both metastatic and earlier stages of non-small cell lung cancer

 

PRINCETON, N.J. — (BUSINESS WIRE) — $BMY #BMSBristol Myers Squibb (NYSE: BMY) today announced that the U.S. Food and Drug Administration (FDA) approved Opdivo® (nivolumab) 360 mg (injection for intravenous use) in combination with platinum-doublet chemotherapy every three weeks for three cycles for adult patients with resectable (tumors ≥4 cm or node positive) non-small cell lung cancer (NSCLC) in the neoadjuvant setting.1 Opdivo plus chemotherapy is approved regardless of PD-L1 status.1 The approval is based on the CheckMate -816 trial, the first positive Phase 3 trial of an immunotherapy-based combination used before surgery for resectable NSCLC. The primary endpoints included event-free survival (EFS) and pathologic complete response (pCR), which were evaluated using independent blinded review, and an additional efficacy outcome measure was overall survival (OS).1 The study compared Opdivo plus platinum-doublet chemotherapy (n=179) to platinum-doublet chemotherapy alone (n=179).1

In the trial, when given before surgery, Opdivo plus chemotherapy showed a statistically significant improvement in EFS with a 37% reduction in the risk of progression, recurrence or death (Hazard Ratio [HR] 0.63; 95% Confidence Interval [CI]: 0.45 to 0.87; P=0.0052) compared to chemotherapy alone.1 Opdivo plus chemotherapy showed a median EFS of 31.6 months (95% CI: 30.2 to Not Reached [NR]) compared to 20.8 months for patients treated with chemotherapy alone (95% CI: 14.0 to 26.7).1 Additionally, 24% of patients treated with Opdivo plus chemotherapy achieved pCR (95% CI: 18.0 to 31.0), compared to 2.2% of patients treated with chemotherapy alone (95% CI: 0.6 to 5.6; estimated treatment difference 21.6; 95% CI: 15.1 to 28.2; P<0.0001).1 A prespecified interim analysis for OS resulted in a HR of 0.57 (95% CI: 0.38 to 0.87), which did not cross the boundary for statistical significance.1

 

“Given the rates of disease recurrence in patients with resectable NSCLC, additional treatment options are needed that can be given before surgery to help improve the chance of successful surgical treatment and support the goal of reducing the risk of cancer returning,” said Mark Awad, MD, PhD, CheckMate -816 study investigator and clinical director of the Lowe Center for Thoracic Oncology at Dana-Farber Cancer Institute.2,3 “The approval of nivolumab with platinum-doublet chemotherapy marks a turning point in how we treat resectable NSCLC and it enables us to use immunotherapy and chemotherapy as neoadjuvant treatment for patients before surgery. Today’s announcement reinforces the need to increase the rates of NSCLC screening and early detection, and for patients to discuss treatment options with their providers.”1

 

Opdivo is associated with the following Warnings & Precautions: severe and fatal immune-mediated adverse reactions including pneumonitis, colitis, hepatitis and hepatotoxicity, endocrinopathies, dermatologic adverse reactions, nephritis with renal dysfunction, other immune-mediated adverse reactions; infusion-related reactions; complications of allogeneic hematopoietic stem cell transplantation (HSCT); embryo-fetal toxicity; and increased mortality in patients with multiple myeloma when Opdivo is added to a thalidomide analogue and dexamethasone, which is not recommended outside of controlled clinical trials.1 Please see Important Safety Information below.

 

“At Bristol Myers Squibb, we are leading innovative science in the use of immunotherapy in earlier stages of cancer and are committed to bringing these options to patients,” said Adam Lenkowsky, senior vice president and general manager, U.S. Cardiovascular, Immunology and Oncology at Bristol Myers Squibb. “Today’s approval builds on that commitment and expands the role of Opdivo-based treatment in NSCLC, the most common form of lung cancer, so patients may benefit earlier in the course of their disease.”1,4

 

This application was approved under the FDA’s Real-Time Oncology Review (RTOR) pilot program, which aims to ensure that safe and effective treatments are available to patients as early as possible.5 The review was also conducted under the FDA’s Project Orbis initiative, which enabled concurrent review by the health authorities in Australia, Canada and the United Kingdom, where the application remains under review. The EFS data from the Phase 3 CheckMate -816 trial will be presented at the American Association for Cancer Research Annual Meeting 2022 in April.

 

About CheckMate -816

CheckMate -816 is a randomized, open label trial evaluating Opdivo plus platinum-doublet chemotherapy compared to chemotherapy alone as neoadjuvant treatment in adult patients with resectable non-small cell lung cancer, regardless of PD-L1 expression.1 The trial included patients with histologically confirmed Stage IB (≥4 cm), II or IIIA NSCLC (per the 7th edition American Joint Committee on Cancer/Union for International Cancer Control [AJCC/UICC] staging criteria), ECOG performance status 0 or 1, and measurable disease (per RECIST version 1.1).1 Patients with unresectable or metastatic NSCLC, known EGFR mutations or ALK translocations, Grade 2 or greater peripheral neuropathy, active autoimmune disease, or medical conditions requiring systemic immunosuppression were excluded from the study.1 For the primary analysis, 358 patients were randomized to receive either Opdivo 360 mg plus histology-based platinum doublet chemotherapy on the same day every three weeks for up to three cycles, or platinum doublet chemotherapy every three weeks for up to three cycles, followed by surgery.1

 

The primary endpoints of the trial were EFS determined by Blinded Independent Central Review (BICR) and pCR determined by Blinded Independent Pathology Review (BIPR).1 EFS is defined as the length of time from randomization to any of the following events: any progression of disease precluding surgery, progression, or recurrence of disease after surgery, or death due to any cause.1 In addition, pCR was defined as 0% residual viable tumor cells in both primary tumor and sampled lymph nodes as assessed by BIPR.1 Additional efficacy outcome measures included OS.1

 

Select Safety Profile from CheckMate -816 Study

Adverse reactions leading to the discontinuation of Opdivo plus platinum-doublet chemotherapy occurred in 10% of patients and 30% had at least one treatment withheld for an adverse reaction.1 Serious adverse reactions occurred in 30% of patients receiving Opdivo plus platinum-doublet chemotherapy.1 Serious adverse reactions in >2% of patients included pneumonia and vomiting.1 No fatal adverse reactions occurred in patients who received Opdivo in combination with platinum-doublet chemotherapy.1 The most common (>20%) adverse reactions were nausea (38%), constipation (34%), fatigue (26%), decreased appetite (20%), and rash (20%).1

 

About Lung Cancer

Lung cancer is the leading cause of cancer deaths in the United States.4 The two main types of lung cancer are non-small cell and small cell.4 Non-small cell lung cancer is the most common type of lung cancer and accounts for up to 84% of diagnoses.4 Surgery (resection) remains the standard of care for resectable NSCLC and while many patients with NSCLC are treated with surgery, between 30% to 55% of patients develop recurrence and die of their disease despite resection.2,3

 

INDICATIONS

OPDIVO® (nivolumab), in combination with platinum-doublet chemotherapy, is indicated as neoadjuvant treatment of adult patients with resectable (tumors ≥4 cm or node positive) non-small cell lung cancer (NSCLC).

 

OPDIVO® (nivolumab) is indicated for the adjuvant treatment of adult patients with melanoma with involvement of lymph nodes or metastatic disease who have undergone complete resection.

 

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the first-line treatment of adult patients with metastatic non-small cell lung cancer (NSCLC) whose tumors express PD-L1 (≥1%) as determined by an FDA-approved test, with no EGFR or ALK genomic tumor aberrations.

 

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab) and 2 cycles of platinum-doublet chemotherapy, is indicated for the first-line treatment of adult patients with metastatic or recurrent non-small cell lung cancer (NSCLC), with no EGFR or ALK genomic tumor aberrations.

 

OPDIVO® (nivolumab), as a single agent, is indicated for the adjuvant treatment of adult patients with urothelial carcinoma (UC) who are at high risk of recurrence after undergoing radical resection of UC.

 

OPDIVO® (nivolumab) is indicated for the adjuvant treatment of completely resected esophageal or gastroesophageal junction cancer with residual pathologic disease in adult patients who have received neoadjuvant chemoradiotherapy (CRT).

 

IMPORTANT SAFETY INFORMATION

Severe and Fatal Immune-Mediated Adverse Reactions

Immune-mediated adverse reactions listed herein may not include all possible severe and fatal immune-mediated adverse reactions.

Immune-mediated adverse reactions, which may be severe or fatal, can occur in any organ system or tissue. While immune-mediated adverse reactions usually manifest during treatment, they can also occur after discontinuation of OPDIVO or YERVOY. Early identification and management are essential to ensure safe use of OPDIVO and YERVOY. Monitor for signs and symptoms that may be clinical manifestations of underlying immune-mediated adverse reactions. Evaluate clinical chemistries including liver enzymes, creatinine, adrenocorticotropic hormone (ACTH) level, and thyroid function at baseline and periodically during treatment with OPDIVO and before each dose of YERVOY. In cases of suspected immune-mediated adverse reactions, initiate appropriate workup to exclude alternative etiologies, including infection. Institute medical management promptly, including specialty consultation as appropriate.

Withhold or permanently discontinue OPDIVO and YERVOY depending on severity (please see section 2 Dosage and Administration in the accompanying Full Prescribing Information). In general, if OPDIVO or YERVOY interruption or discontinuation is required, administer systemic corticosteroid therapy (1 to 2 mg/kg/day prednisone or equivalent) until improvement to Grade 1 or less. Upon improvement to Grade 1 or less, initiate corticosteroid taper and continue to taper over at least 1 month. Consider administration of other systemic immunosuppressants in patients whose immune-mediated adverse reactions are not controlled with corticosteroid therapy. Toxicity management guidelines for adverse reactions that do not necessarily require systemic steroids (e.g., endocrinopathies and dermatologic reactions) are discussed below.

Immune-Mediated Pneumonitis

OPDIVO and YERVOY can cause immune-mediated pneumonitis. The incidence of pneumonitis is higher in patients who have received prior thoracic radiation. In patients receiving OPDIVO monotherapy, immune- mediated pneumonitis occurred in 3.1% (61/1994) of patients, including Grade 4 (<0.1%), Grade 3 (0.9%), and Grade 2 (2.1%). In NSCLC patients receiving OPDIVO 3 mg/kg every 2 weeks with YERVOY 1 mg/kg every 6 weeks, immune-mediated pneumonitis occurred in 9% (50/576) of patients, including Grade 4 (0.5%), Grade 3 (3.5%), and Grade 2 (4.0%). Four patients (0.7%) died due to pneumonitis.

Immune-Mediated Colitis

OPDIVO and YERVOY can cause immune-mediated colitis, which may be fatal. A common symptom included in the definition of colitis was diarrhea. Cytomegalovirus (CMV) infection/reactivation has been reported in patients with corticosteroid-refractory immune-mediated colitis. In cases of corticosteroid-refractory colitis, consider repeating infectious workup to exclude alternative etiologies. In patients receiving OPDIVO monotherapy, immune-mediated colitis occurred in 2.9% (58/1994) of patients, including Grade 3 (1.7%) and Grade 2 (1%).

Immune-Mediated Hepatitis and Hepatotoxicity

OPDIVO and YERVOY can cause immune-mediated hepatitis. In patients receiving OPDIVO monotherapy, immune-mediated hepatitis occurred in 1.8% (35/1994) of patients, including Grade 4 (0.2%), Grade 3 (1.3%), and Grade 2 (0.4%).

Immune-Mediated Endocrinopathies

OPDIVO and YERVOY can cause primary or secondary adrenal insufficiency, immune-mediated hypophysitis, immune-mediated thyroid disorders, and Type 1 diabetes mellitus, which can present with diabetic ketoacidosis. Withhold OPDIVO and YERVOY depending on severity (please see section 2 Dosage and Administration in the accompanying Full Prescribing Information). For Grade 2 or higher adrenal insufficiency, initiate symptomatic treatment, including hormone replacement as clinically indicated. Hypophysitis can present with acute symptoms associated with mass effect such as headache, photophobia, or visual field defects. Hypophysitis can cause hypopituitarism; initiate hormone replacement as clinically indicated. Thyroiditis can present with or without endocrinopathy. Hypothyroidism can follow hyperthyroidism; initiate hormone replacement or medical management as clinically indicated. Monitor patients for hyperglycemia or other signs and symptoms of diabetes; initiate treatment with insulin as clinically indicated.

In patients receiving OPDIVO monotherapy, adrenal insufficiency occurred in 1% (20/1994), including Grade 3 (0.4%) and Grade 2 (0.6%).

In patients receiving OPDIVO monotherapy, hypophysitis occurred in 0.6% (12/1994) of patients, including Grade 3 (0.2%) and Grade 2 (0.3%).

In patients receiving OPDIVO monotherapy, thyroiditis occurred in 0.6% (12/1994) of patients, including Grade 2 (0.2%).

In patients receiving OPDIVO monotherapy, hyperthyroidism occurred in 2.7% (54/1994) of patients, including Grade 3 (<0.1%) and Grade 2 (1.2%).

In patients receiving OPDIVO monotherapy, hypothyroidism occurred in 8% (163/1994) of patients, including Grade 3 (0.2%) and Grade 2 (4.8%).

In patients receiving OPDIVO monotherapy, diabetes occurred in 0.9% (17/1994) of patients, including Grade 3 (0.4%) and Grade 2 (0.3%), and 2 cases of diabetic ketoacidosis.

Immune-Mediated Nephritis with Renal Dysfunction

OPDIVO and YERVOY can cause immune-mediated nephritis. In patients receiving OPDIVO monotherapy, immune-mediated nephritis and renal dysfunction occurred in 1.2% (23/1994) of patients, including Grade 4 (<0.1%), Grade 3 (0.5%), and Grade 2 (0.6%).

Immune-Mediated Dermatologic Adverse Reactions

OPDIVO can cause immune-mediated rash or dermatitis. Exfoliative dermatitis, including Stevens-Johnson syndrome (SJS), toxic epidermal necrolysis (TEN), and drug rash with eosinophilia and systemic symptoms (DRESS) has occurred with PD-1/PD-L1 blocking antibodies. Topical emollients and/or topical corticosteroids may be adequate to treat mild to moderate nonexfoliative rashes.

YERVOY can cause immune-mediated rash or dermatitis, including bullous and exfoliative dermatitis, SJS, TEN, and DRESS. Topical emollients and/or topical corticosteroids may be adequate to treat mild to moderate non- bullous/exfoliative rashes.

Withhold or permanently discontinue OPDIVO and YERVOY depending on severity (please see section 2 Dosage and Administration in the accompanying Full Prescribing Information).

In patients receiving OPDIVO monotherapy, immune-mediated rash occurred in 9% (171/1994) of patients, including Grade 3 (1.1%) and Grade 2 (2.2%).

Other Immune-Mediated Adverse Reactions

The following clinically significant immune-mediated adverse reactions occurred at an incidence of <1% (unless otherwise noted) in patients who received OPDIVO monotherapy or OPDIVO in combination with YERVOY or were reported with the use of other PD-1/PD-L1 blocking antibodies. Severe or fatal cases have been reported for some of these adverse reactions: cardiac/vascular: myocarditis, pericarditis, vasculitis; nervous system: meningitis, encephalitis, myelitis and demyelination, myasthenic syndrome/myasthenia gravis (including exacerbation), Guillain-Barré syndrome, nerve paresis, autoimmune neuropathy; ocular: uveitis, iritis, and other ocular inflammatory toxicities can occur; gastrointestinal: pancreatitis to include increases in serum amylase and lipase levels, gastritis, duodenitis; musculoskeletal and connective tissue: myositis/polymyositis, rhabdomyolysis, and associated sequelae including renal failure, arthritis, polymyalgia rheumatica; endocrine: hypoparathyroidism; other (hematologic/immune): hemolytic anemia, aplastic anemia, hemophagocytic lymphohistiocytosis (HLH), systemic inflammatory response syndrome, histiocytic necrotizing lymphadenitis (Kikuchi lymphadenitis), sarcoidosis, immune thrombocytopenic purpura, solid organ transplant rejection.

In addition to the immune-mediated adverse reactions listed above, across clinical trials of YERVOY monotherapy or in combination with OPDIVO, the following clinically significant immune-mediated adverse reactions, some with fatal outcome, occurred in <1% of patients unless otherwise specified: nervous system: autoimmune neuropathy (2%), myasthenic syndrome/myasthenia gravis, motor dysfunction; cardiovascular: angiopathy, temporal arteritis; ocular: blepharitis, episcleritis, orbital myositis, scleritis; gastrointestinal: pancreatitis (1.3%); other (hematologic/immune): conjunctivitis, cytopenias (2.5%), eosinophilia (2.1%), erythema multiforme, hypersensitivity vasculitis, neurosensory hypoacusis, psoriasis.

Some ocular IMAR cases can be associated with retinal detachment. Various grades of visual impairment, including blindness, can occur. If uveitis occurs in combination with other immune-mediated adverse reactions, consider a Vogt-Koyanagi-Harada–like syndrome, which has been observed in patients receiving OPDIVO and YERVOY, as this may require treatment with systemic corticosteroids to reduce the risk of permanent vision loss.

Infusion-Related Reactions

OPDIVO and YERVOY can cause severe infusion-related reactions. Discontinue OPDIVO and YERVOY in patients with severe (Grade 3) or life-threatening (Grade 4) infusion-related reactions. Interrupt or slow the rate of infusion in patients with mild (Grade 1) or moderate (Grade 2) infusion-related reactions. In patients receiving OPDIVO monotherapy as a 60-minute infusion, infusion-related reactions occurred in 6.4% (127/1994) of patients. In a separate trial in which patients received OPDIVO monotherapy as a 60-minute infusion or a 30- minute infusion, infusion-related reactions occurred in 2.2% (8/368) and 2.7% (10/369) of patients, respectively. Additionally, 0.5% (2/368) and 1.4% (5/369) of patients, respectively, experienced adverse reactions within 48 hours of infusion that led to dose delay, permanent discontinuation or withholding of OPDIVO.

Complications of Allogeneic Hematopoietic Stem Cell Transplantation

Fatal and other serious complications can occur in patients who receive allogeneic hematopoietic stem cell transplantation (HSCT) before or after being treated with OPDIVO or YERVOY. Transplant-related complications include hyperacute graft-versus-host-disease (GVHD), acute GVHD, chronic GVHD, hepatic veno-occlusive disease (VOD) after reduced intensity conditioning, and steroid-requiring febrile syndrome (without an identified infectious cause). These complications may occur despite intervening therapy between OPDIVO or YERVOY and allogeneic HSCT.

Follow patients closely for evidence of transplant-related complications and intervene promptly. Consider the benefit versus risks of treatment with OPDIVO and YERVOY prior to or after an allogeneic HSCT.

Embryo-Fetal Toxicity

Based on its mechanism of action and findings from animal studies, OPDIVO and YERVOY can cause fetal harm when administered to a pregnant woman. The effects of YERVOY are likely to be greater during the second and third trimesters of pregnancy. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential to use effective contraception during treatment with OPDIVO and YERVOY and for at least 5 months after the last dose.

Increased Mortality in Patients with Multiple Myeloma when OPDIVO is Added to a Thalidomide Analogue and Dexamethasone

In randomized clinical trials in patients with multiple myeloma, the addition of OPDIVO to a thalidomide analogue plus dexamethasone resulted in increased mortality. Treatment of patients with multiple myeloma with a PD-1 or PD-L1 blocking antibody in combination with a thalidomide analogue plus dexamethasone is not recommended outside of controlled clinical trials.

Lactation

There are no data on the presence of OPDIVO or YERVOY in human milk, the effects on the breastfed child, or the effects on milk production. Because of the potential for serious adverse reactions in breastfed children, advise women not to breastfeed during treatment and for 5 months after the last dose.

Serious Adverse Reactions

In Checkmate 238, serious adverse reactions occurred in 18% of patients receiving OPDIVO (n=452). Grade 3 or 4 adverse reactions occurred in 25% of OPDIVO-treated patients (n=452). The most frequent Grade 3 and 4 adverse reactions reported in ≥2% of OPDIVO-treated patients were diarrhea and increased lipase and amylase. In Checkmate 816, serious adverse reactions occurred in 30% of patients (n=176) who were treated with OPDIVO in combination with platinum-doublet chemotherapy. Serious adverse reactions in >2% included pneumonia and vomiting. No fatal adverse reactions occurred in patients who received OPDIVO in combination with platinum-doublet chemotherapy. In Checkmate 227, serious adverse reactions occurred in 58% of patients (n=576). The most frequent (≥2%) serious adverse reactions were pneumonia, diarrhea/colitis, pneumonitis, hepatitis, pulmonary embolism, adrenal insufficiency, and hypophysitis. Fatal adverse reactions occurred in 1.7% of patients; these included events of pneumonitis (4 patients), myocarditis, acute kidney injury, shock, hyperglycemia, multi-system organ failure, and renal failure. In Checkmate 9LA, serious adverse reactions occurred in 57% of patients (n=358). The most frequent (>2%) serious adverse reactions were pneumonia, diarrhea, febrile neutropenia, anemia, acute kidney injury, musculoskeletal pain, dyspnea, pneumonitis, and respiratory failure. Fatal adverse reactions occurred in 7 (2%) patients, and included hepatic toxicity, acute renal failure, sepsis, pneumonitis, diarrhea with hypokalemia, and massive hemoptysis in the setting of thrombocytopenia. In Checkmate 274, serious adverse reactions occurred in 30% of patients receiving OPDIVO (n=351).

Contacts

Bristol Myers Squibb

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media@bms.com

Investors:
investor.relations@bms.com

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Business Lifestyle

Crumbl Cookies, the nation’s fastest-growing gourmet cookie company, to open in Clark, New Jersey

CLARK, N.J. — (BUSINESS WIRE) — Crumbl Cookies is set to open its very first North Jersey location at 1255 Raritan Road in the Clark Commons Shopping Center. Known for its weekly rotating menu, famous pink box, and passionate social media following, their highly anticipated Grand Opening is set for Friday, March 11th.


We are so excited to bring Crumbl to Clark, New Jersey and hope the local residents love these cookies as much as we do,” said Jason McGowan, Crumbl Co-founder & CEO. “We love the traditional flavors, but also like to surprise our customers with new and fun concepts. My personal favorite is the raspberry cheesecake cookie. Our cookies are great for sharing with family members and friends, and even treating yourself! We offer unique gifting and catering options as well.”

 

Inside every Crumbl store, staff members mix, bake, and prepare the cookies fresh in an open kitchen for all to see. Cookies are then packaged in Crumbl’s famous pink box and taken home to be enjoyed. “Having our customers see every cookie being made is one of the best experiences of our stores,” said Sawyer Hemsley, Crumbl Co-founder & COO. “Each ingredient is carefully chosen to provide customers with the highest quality cookie on the market.”

 

Clark, New Jersey’s Grand Opening week menu will contain 6 of the 120+ rotating weekly flavors Crumbl has to offer including Crumbl’s staple chilled sugar and award-winning milk chocolate chip. Cold milk and gourmet ice cream can also be added to any order.

 

Nothing beats biting into a warm, delicious cookie that you can enjoy whether delivery, curbside pickup, or in-store takeout,” said Earl Koskie, Clark Crumbl owner. “We’re really excited to bring this experience to the Clark community.”

 

Some of the Crumbl specialty cookies include: Cornbread, Cookies and Cream, S’Mores, Key Lime Pie, Peppermint Bark, Orange Roll, Buttermilk Pancake, Galaxy Brownie, and many, many more.

 

About Crumbl

Crumbl: It started with one big dream, two crazy cousins, and the perfect combination of flour, sugar, and chocolate chips. Crumbl was established in 2017 in Logan, Utah. Since that time, more than 300 additional locations have been built to satisfy cookie cravings in over 36 states across the nation!

 

Crumbl is rapidly expanding across the country with 100 additional locations slated to open in the coming year. Crumbl is open from 8-10pm on weekdays, 8am-midnight each Friday and Saturday and is closed on Sundays. Visit Crumbl online at crumblcookies.com, on social media, (@crumblcookies), or any of their 300+ locations. Order cookies online at crumblcookies.com.

Contacts

Earl Koskie

Clark Crumbl Cookies Franchise Owner

nj.clark@crumbl.com, (385) 985-8555

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Business

Best’s Commentary: US Insurers’ Indirect Exposures to Russia may be significant

OLDWICK, N.J. — (BUSINESS WIRE) — The impact of the conflict between Russia and Ukraine on U.S. insurers’ direct investments to the two countries appears to be limited, as they have less than $2 billion bonds exposed to Russia and Ukraine. However, according to a new AM Best commentary, insurers’ indirect exposures may be more substantial.

In its Best’s Commentary, “US Insurers’ Indirect Exposures to Russia May Be Significant,” AM Best estimates that the largest exposure at any company is less than 2% of capital and surplus, with the vast majority of these bonds investment grade NAIC-2. The commentary notes that higher capital charges could result if the issues were to fall below investment grade for an extended period, depending on the duration of the conflict and other factors.

 

While U.S. insurers have little exposure to Russian companies in their stock portfolios, they do have exposures to companies that derive a share of earnings from Russia. “Indirect investments through suppliers and customers of U.S. and European companies may still be impacted, similarly to the already substantial impact on commodity and energy markets,” said Jason Hopper, associate director, industry research and analytics, AM Best.

 

With the worsening business operating environment in Russia, more companies have started discontinuing operations in the country; in addition, oil prices have spiked and with increased volatility in financial markets. The situation continues to unfold, making it too early to determine specific impacts, but the commentary notes that the markets can be expected to rebound as has been seen in other geopolitical crises.

 

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=318039.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Jason Hopper
Associate Director,
Industry Research and Analytics

+1 908 439 2200, ext. 5016
jason.hopper@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.com

Jim Peavy
Director, Communications

+1 908 439 2200, ext. 5644
james.peavy@ambest.com