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Church & Dwight Co., Inc. declares 491st regular quarterly dividend

EWING, N.J. — (BUSINESS WIRE) — Church & Dwight Co., Inc. (NYSE:CHD) today reported that its Board of Directors declared a regular quarterly dividend of twenty seven and one quarter ($0.2725) cents per share.

This quarterly dividend will be payable December 1, 2023 to stockholders of record at the close of business on November 15, 2023. It is the Company’s 491st regular consecutive quarterly dividend.

 

Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products, under the Arm & Hammer brand name and other well-known trademarks.

Contacts

Church & Dwight Co., Inc.

Rick Dierker, 609-806-1200

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Google completes its switch to mobile-first indexing of Search, a process that began in November 2016, and plans to reduce use of its legacy desktop crawler

—  Google said it will turn off the indexing crawler information in the settings page in Search Console.

 

 

Barry Schwartz / Search Engine Land:

 

Google’s mobile-first indexing initiative that started just about seven years ago is now complete, according to Google. “It’s been a long road, getting from there to here. We’re delighted to announce that the trek to Mobile First Indexing is now complete,” John Mueller from Google wrote on the Google blog.

 

History. As a reminder, Google started mobile-first indexing over 6.5 years ago, and eventually, after publishing deadline after deadline, Google removed the deadline. Google first introduced mobile-first indexing back in November 2016, and by December 2018, half of all sites in Google’s search results were from mobile-first indexing. Mobile-first indexing simply means that Google will crawl your site from the eyes of a mobile browser and use that mobile version for indexing and ranking.

 

Google in early March 2020, before all the lockdowns began across most of the world, announced the deadline for all sites to switch over to mobile-first indexing would be September 2020. At that time, Google said, “To simplify, we’ll be switching to mobile-first indexing for all websites starting September 2020.”  Then in July 2020, Google moved that deadline once again to March 2021.

 

But in May, Google told us that it was done switching sites over to mobile-indexing, so this announcement, that it is “done” now is a bit confusing.

 

What now. Google said there is “a very small set of sites which do not work on mobile devices at all.” Google explained that those “are primarily that the page shows errors to all mobile users, that the mobile version of the site is blocked with robots.txt while the desktop version is allowed for crawling, or that all pages on the mobile site redirect to the homepage.”

 

Google said these types of issues are issues that Google cannot workaround. Google said it will “continue to try to crawl these sites with our legacy desktop Googlebot crawler for the time being, and will re-evaluate the list a few times a year.”

 

Google will also reduce its crawling with legacy desktop Googlebot.

 

Search Console changes. Google also announced that it will be turning off the indexing crawler information in the settings page in Google Search Console. Google is removing this because the “information is no longer needed since all websites that work on mobile devices are now being primarily crawled with our mobile crawler,” Google explained.

 

Why we care. That is all folks – this is one for the history books. Mobile-first indexing is now really done, and Google will soon stop crawling via its legacy desktop crawler completely.

 

 

Read more here:

Google says mobile-first indexing is complete after almost 7 years

 

Techmeme

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Align receives Best Cloud Services Provider Award in the 2023 Hedgeweek US Awards for its innovative Managed IT Solutions

NEW YORK–(BUSINESS WIRE)–#alternativeinvestment–Align, the premier global provider of technology infrastructure solutions and Managed IT Services, announces today that it has been awarded Best Cloud Services Provider in the 2023 Hedgeweek US Awards.

 

This annual award recognizes excellence among fund managers and service providers in the US across a wide range of categories. As the top Cloud Service Provider, Align prides itself on offering the highest-quality managed IT services for hedge funds. The Align IT Suite, Align’s complete Managed Services platform, is built on the foundation of the Microsoft public cloud, offering flexible, secure, compliant managed services for clients, particularly those in the alternative investment industry.

 

Chris Zardima, Managing Director of Align Managed Services, expresses his gratitude for the recognition for Hedgeweek, stating, ” We are honored to have received recognition as the top Cloud Services Provider by Hedgeweek. In response to the dynamic demands and security concerns brought about by the changing financial services landscape, we have taken a proactive stance. Our cornerstone managed IT solution, the Align IT Suite, is strategically hosted within the Microsoft public cloud. This deliberate decision empowers us to provide our clients with IT solutions that exhibit both scalability and adaptability, while also proactively addressing the evolving regulatory and threat landscapes.”

 

As a trailblazer in the industry, Align became the first Managed Services Provider to introduce an all-encompassing Public Cloud-based platform tailored exclusively for the Alternative Financial Services sector. As a premier Tier 1 Microsoft Azure cloud services provider with a singular focus on the alternative investment industry, Align has broadened its portfolio by delivering cybersecurity solutions meticulously designed for Registered Investment Advisors and the Alternative Investment (ALT) community. Align has been a pioneering advocate for the adoption of public cloud computing as the ideal foundation for shaping a modern IT environment for fund managers. Respected organizations from around the world place their unwavering trust in Align for the management of their IT infrastructure.

 

“Our award-winning solution simplifies IT management while addressing the critical needs of security and compliance,” remarks Vinod Paul, Chief Operating Officer.

 

“Our services provide the Alternative Financial Services industry with the confidence, reliability, and adaptability necessary to excel in the dynamic IT environment of today. Through Align Managed Services, clients can harness solutions engineered to lower operational expenses, expedite workflows, mitigate risks, and enhance and streamline the multitude of controls essential for meeting both existing regulatory compliance standards and the ongoing expectations of due diligence.”

 

To learn more about Align, go to www.align.com and follow Align on LinkedIn and at @AlignITAdvisor on Twitter.

 

About Align

Align is a premier global provider of technology infrastructure solutions. For over 35 years, leading firms worldwide have relied on Align to guide them through IT challenges, delivering complete, secure solutions for business change and growth. Align is headquartered in Dallas, Texas and has offices in New York City, London, Chicago, San Francisco, Arizona, New Jersey, and Virginia. Learn ore at https://www.align.com/managed-services.

Contacts

Ashley Holbrook

aholbrook@align.com
212-546-6159

Categories
Business Economics Government Lifestyle Regulations & Security

Best’s Special Report: Insurer membership in Federal Home Loan Bank grows as Life/Annuity Companies capitalize on investment spreads

OLDWICK, N.J. — (BUSINESS WIRE) — #insurance — U.S. life/annuity (L/A) insurers increased their borrowing through the Federal Home Loan Bank (FHLB) program by 22% in 2022, as they looked to capitalize on enhanced yields in the higher interest rate environment, according to a new AM Best report.

 

U.S. insurance companies now represent nearly 9% of FHLB membership, following a 4% growth uptick last year by insurers. However, the Best’s Special Report notes that the vast majority of insurance companies do not have access to secured FHLB loans made available through the program. During 2022, only 22% of U.S. life/annuity (L/A) insurers had borrowing access, compared with nearly 7% of the property/casualty (P/C) segment and slightly less than 3% of health insurers. Borrowing in the P/C segment more than doubled to $11.2 billion in 2020 as a result of COVID-19 but has steadily declined and totaled $6.0 billion in 2022. Despite the uptick in industry borrowing, capacity remains available for most insurers across all segments.

 

“Borrowing grew in 2022 for life/annuity insurers as they sought to increase investment yields by capitalizing on the higher interest-rate environment,” said Kaitlin Piasecki, industry analyst, AM Best. “As for property/casualty insurers, their FHLB borrowing declined last year after peaking in 2020, when they sought extra liquidity as a cushion against the uncertainty brought on by the COVID-19 pandemic.”

 

The FHLB is composed of 11 regional cooperatives and are privately owned by their members. To gain membership, an insurer must actively participate in mortgage financing, be financially sound, and purchase FHLB capital stock. As members of the FHLB, insurers can apply for secured loans, known as advances, at lower rates. Historically, each insurance segment has had different reasons for using the FHLB.

 

“Life insurers use it mostly for spread/yield enhancement, while property/casualty and health insurers use it more for liquidity and short-term working capital/operations,” said Jason Hopper, associate director, AM Best.

 

AM Best estimates that 2022 new money bond portfolio yields were 5.1% for L/A insurers, a noteworthy bump from 3.6% in 2021. Insurers can borrow from the FHLB at more favorable rates than from commercial lenders, and re-invest that money into higher yielding assets, resulting in additional yield and excess spread over the cost of an FHLB advance.

 

To access the full copy of the report titled, “FHLB Life/Annuity Members Capitalize on High Rates for Spread Opportunities,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=337249.

 

To view a recent video discussion of AM Best’s report on the FHLB program, please go to http://www.ambest.com/v.asp?v=ambfhlb1023.

 

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 © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Kaitlin Piasecki
Industry Analyst
+1 908 285 3764
kaitlin.piasecki@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Jason Hopper
Associate Director, Industry Research & Analytics
+1 908 882 1896
jason.hopper@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Categories
Business Culture Entertainment News International & World Lifestyle Programs & Events

Jekyll Island Convention Center to continue partnership with ASM Global through 2029

JEKYLL ISLAND, Ga. — (BUSINESS WIRE) — #ASMGlobalASM Global has won the renewal of management of the Jekyll Island Convention Center (JICC) in Jekyll Island, Georgia. ASM Global, which oversees the largest portfolio of convention centers in the U.S. and internationally, has operated the venue since its opening in May 2012.


The Jekyll Island Authority (JIA) board approved the management term extension for an additional five years with an option for an additional five-year renewal after that at the discretion of the JIA. The continued partnership solidifies ASM Global’s commitment to delivering exceptional experiences and ushering in a new era of innovation for JICC.

 

“Our longstanding partnership with ASM Global has been instrumental to the successes of the Jekyll Island Convention Center since its opening more than a decade ago,” said Mark Williams, JIA executive director.

 

“ASM Global’s exceptional service and consistent performance have played a pivotal role in the center’s recognition as a top venue both within the state and along the southeastern coast. We believe this continued partnership reaffirms our commitment to excellence in serving our business and leisure visitors.”

 

The only oceanfront convention center on the East Coast south of New Jersey, JICC is the cornerstone of business and entertainment events in the region, offering over 128,000 square feet of flexible event space with a 45,000-square-foot ballroom, 11 meeting rooms, full in-house catering by SAVOR, in-house A/V service and spectacular coastal views.

 

A Silver LEED-certified venue, JICC is a showcase for sustainability, with design and construction centered around the delicate coastal ecosystem and incorporating locally sourced materials, such as shells, sea glass and reclaimed pine. Some of the sustainability features include individual lighting for 90% of the building, a solar-powered water-heating system, innovative water-waste technology, and the use of high-performance and low-emitting materials.

 

“We thank the Jekyll Island Authority for both their long-term partnership and continued confidence in ASM Global to manage this jewel of convention centers,” said John Page, regional general manager, ASM Global.

 

“I’m extremely proud of our Jekyll team led by Tabitha Mayers and excited for the future as they continue to advance and deliver cutting-edge and innovative services for our clients every day.”

 

About ASM Global

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management—delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues. Follow us on Facebook, Instagram, LinkedIn and Twitter. asmglobal.com.

Contacts

Jim Yeager

breakwhitelight (for ASM Global)

jim@breakwhitelight.com
818-264-6812

Categories
Business Economics Perks Regulations & Security

AM Best affirms Issue Credit Ratings of 321 Henderson Receivables V LLC

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “aaa” (Exceptional) on the $74,646,000 Class A-1 8.00% Fixed Rate Asset Backed Notes, Series 2008-3 and the $9,389,000 Class A-2 8.00% Fixed Rate Asset Backed Notes, Series 2008-3 as well as the Long-Term IR of “a” (Excellent) on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3, issued by 321 Henderson Receivables V LLC (the issuer), a special purpose Nevada limited liability company. The outlook of these Credit Ratings (ratings) is stable.

The issuer was formed for the purpose of acquiring receivables from an affiliate; conducting activities required for maintaining and servicing the receivables; creating trust and/or other entities for the purpose of securitizing the receivables; issuing securities related to the securitization; and organizing other activities incidental to the performance of the aforementioned items.

 

Proceeds from the issuance of the notes, along with contributed equity capital, were used to purchase a pool of structured settlement and annuity receivables (receivables) from an affiliate and to fund the initial reserve requirement. The initial pool of receivables consisted of 1,844 contracts totaling approximately $189.2 million in payment obligations from 107 insurance companies. As of Aug. 31, 2023, the pool of receivables totaled approximately $55.2 million in payment obligations from 60 insurance companies. Nearly all the receivables were pursuant to a court order.

 

The overall rating actions reflect qualitative and quantitative considerations, including the default probabilities that are derived from stochastic modeling that incorporate updates on the Long-Term Issuer Credit Ratings (Long-Term ICRs) of the insurance carriers; the updated financial data; and remaining collateral information, including the reduced payment obligations of Guaranty Association Benefits Company, a not-for-profit captive insurance company formed for making payments to the payees and certificate holders of the liquidated Executive Life Insurance Company of New York. The transaction’s performance, both in terms of note balance paydown and receivable collection are in line with modeled expectations.

 

The ratings and the outlooks could be affected negatively if one or more of the following occurs: a reduction in the remaining scheduled payments; deterioration of the Long-Term ICR of the remaining insurance carriers; an increase in the level of the write-off activity; and a breach in ongoing surveillance or compliance benchmarks. However, the rating and the outlook of the Class B notes could be upgraded if there is significant improvement on the underlying cash flows.

 

These are structured finance ratings.

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

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 © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

David Mautone
Senior Quantitative Specialist

+1 908 882 2098

david.mautone@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Wai Tang
Senior Director
+1 908 882 2388
wai.tang@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

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Business Culture Lifestyle Technology

A look at the hard right tilt of X, which once served as a hub of real-time news and global debate, and how its political shift could intensify business woes

—  The billionaire bought Twitter to revive its business and make it less “woke.”  He has succeeded at only one of those goals.

 

Washington Post:

 

 

One year after billionaire Elon Musk bought Twitter for $44 billion, aiming to rid it of a “woke mind virus” that he believed was suppressing free speech, the site’s business outlook appears dire.

The number of people actively tweeting has dropped by more than 30 percent, according to previously unreported data obtained by The Washington Post, and the company — which the entrepreneur behind Tesla and SpaceX has renamed X — is hemorrhaging advertisers and revenue, interviews show.

But in at least one respect, Musk has delivered on his original promise: Twitter has become far less “woke.”

Through dramatic product changes, sudden policy shifts and his own outsize presence on the platform, Musk has rapidly re-engineered who has a voice on a service that used to be the hub of real-time news and global debate. A site that fueled social movements such as the Arab Spring, Black Lives Matter and #MeToo has veered noticeably rightward under Musk, especially in the United States, say organizers from across the political spectrum.


— Elon Musk at a Paris start-up and innovation fair in June. The number of people actively tweeting on his social media platform X, formerly Twitter, has fallen sharply, according to previously unreported data obtained by The Washington Post. (Alain Jocard/AFP/Getty Images)

Those accounts have been on a  shallow upward trend, but then turn more sharply upward on Oct 27, 2022, the day Elon Musk bought Twitter, and  have stayed on a steeper upward trend since then.
A Post analysis of dozens of conservative and right-wing influencers and media figures found that many saw their follower counts rise on the day Musk became owner and continue rising at a rate higher than under Twitter’s previous ownership. None of the dozens of popular liberal and left-wing accounts examined by The Post show the same pattern.

 

Read more here:

A look at the hard right tilt of X, which once served as a hub of real-time news and global debate, and how its political shift could intensify business woes

 

 

 

Techmeme

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Business Economics Education International & World Lifestyle Regulations & Security Technology

Sources: Byju’s plans to sell Epic, acquired for $500M, to settle debts after defaulting on $1.2B+ in loans, and may also sell Great Learning, bought for $600M

—  Online education company was once India’s most valuable start-up but now plans asset sales to settle debts

 

 

Chloe Cornish / Financial Times:

 

 

An educational technology empire rapidly assembled by Byju’s during a pandemic funding boom is now set to be dismantled, as what was once India’s most valuable start-up looks to asset disposals to settle its pressing debts.

 

Byju’s had used loans and a war chest of more than $2bn, gathered from venture capital during the pandemic, to go on an acquisition spree, aiming to capitalise on the trend towards online learning and become a global edtech powerhouse. But overexpansion and a post-pandemic contraction in its market have left it desperate for cash to pay off creditors. The principal ones hold notes for a $1.2bn dollar-denominated term loan it took out in 2021 and has defaulted on, embroiling it in lawsuits and countersuits across the US.

 

In addition, it has borrowed $250mn this year from investment firm Davidson Kempner Capital Management, although two people with knowledge of the situation said under $100mn was disbursed before Byju’s defaulted on that loan too.

 

A lawyer familiar with the situation said he expected “Byju’s to drive a lot of M&A in the coming months.” Its efforts to realise cash through disposals are set to begin with Epic, a California-based digital reading platform, which it acquired in 2021 for $500mn. One person familiar with the matter said term sheets had been drawn up for a deal and another said Moelis, the investment bank, was running the sales process. Moelis declined to comment.

 

Nirgunan Tiruchelvam, head of consumer and internet at Singapore-based Aletheia Capital, said “a battle for the spoils” was beginning, as “various parts of the business could be sold to people who are interested in buying an asset at a discount to its fair value.”

 

Those spoils could include Byju’s subsidiary Great Learning, which offers online higher education courses. Through legal action, Byju’s term lenders won the right to appoint financial firm Kroll to oversee the Singapore-based edtech company. Byju’s acquired Great Learning just two years ago for $600mn, but two people familiar with the matter said it was likely Great Learning would ultimately be sold to help settle debts.

 

Byju’s financial problems also extend to the presentation of its accounts. It is roughly one year late in filing them for its financial year that ended in March 2022 and its chief financial officer Ajay Goel is quitting the company at the end of this week. Goel is rejoining Indian conglomerate Vedanta as CFO, after only leaving it in April to join Byju’s. He told investors in June that the audit to March 2022 would be completed by September.

 

The edtech company, which delayed reporting a $560mn loss in its 2020-2021 year, has suffered the resignation of its auditor Deloitte and of three board members representing its backers. One of them, Prosus, has written down its stake to give Byju’s an implied valuation of just $5bn, down from $22bn last year.  Byju’s did not respond to a request for comment.

 

 

 

Techmeme

Categories
Business Healthcare Lifestyle Science

ENHERTU® demonstrated clinically meaningful survival across multiple HER2 expressing advanced solid tumors in DESTINY-PanTumor02 phase 2 trial

  • Daiichi Sankyo and AstraZeneca’s ENHERTU showed a median progression-free survival of 6.9 months and median overall survival of 13.4 months in the overall trial population
  • Results reaffirm potential role of ENHERTU as a tumor agnostic therapy for previously treated patients with HER2 expressing solid tumors and support ongoing discussions with global regulatory authorities

 

 

TOKYO & BASKING RIDGE, N.J. — (BUSINESS WIRE) — Positive results from the ongoing DESTINY-PanTumor02 phase 2 trial showed that ENHERTU® (trastuzumab deruxtecan) continued to demonstrate clinically meaningful and durable responses, leading to a clinically meaningful survival benefit in previously treated patients across multiple HER2 expressing advanced solid tumors.

 

These results, which include the first progression-free survival (PFS) and overall survival (OS) findings reported from the trial, will be presented today as a late-breaking mini-oral session (LBA34) at the European Society for Medical Oncology (#ESMO23) 2023 Congress and simultaneously published in the Journal of Clinical Oncology.

ENHERTU is a specifically engineered HER2 directed antibody drug conjugate (ADC) being jointly developed and commercialized by Daiichi Sankyo (TSE: 4568) and AstraZeneca (LSE/STO/Nasdaq: AZN).

 

In the primary analysis, ENHERTU continued to show a confirmed objective response rate (ORR) of 37.1% (95% confidence interval [CI]: 31.3-43.2) as assessed by investigator in the overall population of previously treated patients (n=267) with HER2 expressing advanced solid tumors, including either biliary tract, bladder, cervical, endometrial, ovarian, pancreatic or other tumors. A median duration of response (DOR) of 11.3 months (95% CI: 9.6-17.8) was seen with a median PFS of 6.9 months (95% CI: 5.6-8.0) and median OS of 13.4 months (95% CI: 11.9-15.5). Median follow-up was 12.75 months as of the data cut-off of June 8, 2023.

 

The highest response rates continued to be seen in the exploratory analysis of patients with tumor HER2 expression of immunohistochemistry (IHC) 3+ (n=75) as confirmed by central testing, where ENHERTU demonstrated a confirmed ORR of 61.3% (95% CI: 49.4-72.4). A median DOR of 22.1 months (95% CI: 9.6-NR) was achieved in this population of patients with HER2 IHC 3+ expression, with ENHERTU demonstrating a median PFS of 11.9 months (95% CI: 8.2-13.0) and a median OS of 21.1 months (95% CI: 15.3-29.6). These clinically meaningful outcomes affirm the interim DESTINY-PanTumor02 results presented earlier this year at the 2023 American Society of Clinical Oncology (ASCO) Annual Meeting.

 

These primary analysis results confirm the efficacy shown at an interim analysis of the DESTINY-PanTumor02 trial, with responses leading to clinically meaningful survival outcomes across a broad range of HER2 expressing solid tumors,” said Funda Meric-Bernstam, MD, Chair of Investigational Cancer Therapeutics at The University of Texas MD Anderson Cancer Center and Principal Investigator for the trial. “Based on these results, ENHERTU has the potential to change the course of disease for certain patients with HER2 expressing advanced cancers who have limited treatment options and currently no approved HER2 directed therapies.”

 

The safety profile observed in DESTINY-PanTumor02 was consistent with previous clinical trials of ENHERTU with no new safety concerns identified. Grade 3 or higher treatment emergent adverse events (TEAEs) occurred in 40.8% of patients. The most common grade 3 or higher TEAEs occurring in ≥5% of patients were neutropenia (19.1%), anemia (10.9%), fatigue (7.1%) and thrombocytopenia (5.6%). In DESTINY-PanTumor02, 10.5% of patients (n=28) experienced interstitial lung disease (ILD) or pneumonitis of any grade related to treatment with ENHERTU as determined by an independent adjudication committee. The majority of ILD or pneumonitis events were low grade (grade 1 [n=7; 2.6%] or grade 2 [n=17; 6.4%]) with one grade 3 (0.4%), zero grade 4 (0%) and three grade 5 (1.1%) events observed.

 

Improving survival outcomes for patients is one of the primary goals of cancer treatment and the clinically meaningful progression-free and overall survival results seen in DESTINY-PanTumor02 are encouraging,” said Mark Rutstein, MD, Global Head, Oncology Clinical Development, Daiichi Sankyo. “These results provide additional evidence for ENHERTU to potentially become the first antibody drug conjugate approved in a tumor agnostic setting in patients whose tumors express HER2.”

 

These updated data from DESTINY-PanTumor02 continue to illustrate the importance of HER2 as an actionable biomarker across a range of studied solid tumor types,” said Cristian Massacesi, MD, Chief Medical Officer and Oncology Chief Development Officer, AstraZeneca. “ENHERTU has the potential to offer improved outcomes for specific patients with previously treated HER2 expressing cancers and we hope to bring this important medicine to patients as quickly as possible.”

 

In DESTINY-PanTumor02, 40.8% of patients (n=109) had received three or more prior lines of therapy. As of the data cut-off of June 8, 2023, a total of 267 patients had received treatment and of those 75 (28.1%) were IHC 3+ as determined by central testing.

 

Summary of DESTINY-PanTumor02 Primary Analysis Results

Efficacy Measure

All Patients

Endometrial

Cervical

Ovarian

Bladder

BTC

Pancreatic

Otheri

All IHC Expression Levels

(n)

267

40

40

40

41

41

25

40

Confirmed ORR (%)

(Investigator Assessed)

(95% CI)ii

37.1%

(31.3-43.2)

57.5%

(40.9-73.0)

50.0%

(33.8-66.2)

45.0%

(29.3-61.5)

39.0%

(24.2-55.5)

22.0%

(10.6-37.6)

4.0%

(0.1-20.4)

30.0%

(16.6-46.5)

Median DOR

(months)

(95% CI)iii

11.3

(9.6-17.8)

NR

(9.9-NR)

14.2

(4.1-NR)

11.3

(4.1-22.1)

8.7

(4.3-11.8)

8.6

(2.1-NR)

5.7

(NR-NR)

22.1

(4.1-NR)

Median PFS (months) (95% CI)

6.9

(5.6-8.0)

11.1

(7.1-NR)

7.0

(4.2-11.1)

5.9

(4.0-8.3)

7.0

(4.2-9.7)

4.6

(3.1-6.0)

3.2

(1.8-7.2)

8.8

(5.5-12.5)

Median OS

(months) (95% CI)

13.4

(11.9-15.5)

26.0

(12.8-NR)

13.6

(11.1-NR)

13.2

(8.0-17.7)

12.8

(11.2-15.1)

7.0

(4.6-10.2)

5.0

(3.8-14.2)

21.0

(12.9-24.3)

IHC 3+

(n)

75

13

8

11

16

16

2

9

Confirmed ORR (%)

(95% CI)ii

61.3% (49.4-72.4)

84.6%

(54.6-98.1)

75.0%

(34.9-96.8)

63.6%

(30.8-89.1)

56.3%

(29.9-80.2)

56.3%

(29.9-80.2)

0.0%

44.4%

(13.7-78.8)

Median DOR (months) (95% CI)iii

22.1

(9.6-NR)

Median PFS

(months) (95% CI)

11.9

(8.2-13.0)

NR

(7.3-NR)

NR

(3.9-NR)

12.5

(3.1-NR)

7.4

(3.0-11.9)

7.4

(2.8-12.5)

5.4

(2.8-NR)

23.4

(5.6-NR)

Median OS

(months) (95% CI)

21.1

(15.3-29.6)

26.0

(18.9-NR)

NR

(3.9-NR)

20.0

(3.8-NR)

13.4

(6.7-19.8)

12.4

(2.8-NR)

12.4

(8.8-NR)

24.3

(11.1-NR)

IHC 2+

(n)

125

17

20

19

20

14

19

16

Confirmed ORR (%)

(95% CI)ii

27.2%

(19.6-35.9)

47.1%

40.0%

36.8%

35.0%

0.0%

5.3%

18.8%

Median DOR (months) (95% CI)iii

9.8

(4.3-12.6)

Median PFS (months) (95% CI)

5.4

(4.2-6.0)

8.5

(4.6-15.1)

4.8

(2.7-5.7)

4.1

(2.3-12.6)

7.8

(2.6-11.6)

4.2

(2.8-6.0)

2.8

(1.4-9.1)

5.5

(2.8-8.7)

Median OS (months) (95% CI)

12.2

(10.7-13.5)

16.4

(8.0-NR)

11.5

(5.1-NR)

13.0

(4.7-21.9)

13.1

(11.0-19.9)

6.0

(3.7-11.7)

4.9

(2.4-15.7)

14.6

(6.8-22.4)

BTC, biliary tract cancer; CI, confidence interval; DOR, duration of response; IHC, immunohistochemistry; NR, not reached; ORR, objective response rate; OS, overall survival; PFS, progression-free survival

iResponses in extramammary Paget disease, head and neck cancer, oropharyngeal neoplasm, and salivary gland cancer.

iiAnalysis of ORR by investigator was performed in patients who received ≥1 dose of ENHERTU; all patients (n=267; including 67 patients with IHC 1+ [n=25], IHC 0 [n=30], or unknown IHC status [n=12] by central testing) and patients with centrally confirmed HER2 IHC 3+ (n=75) or IHC 2+ (n=125) status.

iiiAnalysis of DOR was performed in patients with objective response who received ≥1 dose of ENHERTU; all patients (n=99; including 19 patients with IHC 1+ [n=6], IHC 0 [n=9], or unknown IHC status [n=4] by central testing) and patients with centrally confirmed HER2 IHC 3+ (n=46) or IHC 2+ (n=34) status.

 

About DESTINY-PanTumor02

DESTINY-PanTumor02 is a global, multicenter, multi-cohort, open-label phase 2 trial evaluating the efficacy and safety of ENHERTU (5.4 mg/kg) for the treatment of previously treated HER2 expressing tumors, including biliary tract, bladder, cervical, endometrial, ovarian, pancreatic cancer or other tumors. The primary efficacy endpoint of DESTINY-PanTumor02 is confirmed ORR as assessed by investigator. Secondary endpoints include DOR, disease control rate, PFS, OS, safety, tolerability and pharmacokinetics. DESTINY-PanTumor02 has enrolled 267 patients at multiple sites in Asia, Europe and North America. For more information about the trial, visit ClinicalTrials.gov.

 

About HER2 Expression in Solid Tumors

HER2 is a tyrosine kinase receptor growth-promoting protein expressed on the surface of various tissue cells throughout the body and is involved in normal cell growth.1,2 In some cancers, HER2 expression is amplified or the cells have activating mutations.1,3 HER2 protein overexpression may occur as a result of HER2 gene amplification and is often associated with aggressive disease and poor prognosis.4

 

While HER2 directed therapies have been used to treat breast, gastric, lung and colorectal cancers, more research is needed evaluating their potential role in treating other HER2 expressing solid tumor types.2,5,6

 

HER2 is an emerging biomarker in solid tumor types including biliary tract, bladder, cervical, endometrial, ovarian and pancreatic cancers.3 Testing is not routinely performed in these additional tumor types and as a result, available literature is limited. HER2 overexpression (IHC 3+) has been observed at rates from 1% to 28% in these solid tumors.7,8

 

There is an unmet need for effective therapies for certain HER2 expressing solid tumors, particularly for those who have progressed on or are refractory to standard of care therapies as there are currently no approved HER2 directed therapies for these cancers.2,9

 

About ENHERTU

ENHERTU (trastuzumab deruxtecan; fam-trastuzumab deruxtecan-nxki in the U.S. only) is a HER2 directed ADC. Designed using Daiichi Sankyo’s proprietary DXd ADC technology, ENHERTU is the lead ADC in the oncology portfolio of Daiichi Sankyo and the most advanced program in AstraZeneca’s ADC scientific platform. ENHERTU consists of a HER2 monoclonal antibody attached to a number of topoisomerase I inhibitor payloads (an exatecan derivative, DXd) via tetrapeptide-based cleavable linkers.

 

ENHERTU (5.4 mg/kg) is approved in more than 55 countries worldwide for the treatment of adult patients with unresectable or metastatic HER2 positive breast cancer who have received a (or one or more) prior anti-HER2-based regimen, either in the metastatic setting or in the neoadjuvant or adjuvant setting, and have developed disease recurrence during or within six months of completing therapy based on the results from the DESTINY-Breast03 trial.

 

ENHERTU (5.4 mg/kg) is approved in more than 40 countries worldwide for the treatment of adult patients with unresectable or metastatic HER2 low (IHC 1+ or IHC 2+/in-situ hybridization (ISH)-) breast cancer who have received a prior systemic therapy in the metastatic setting or developed disease recurrence during or within six months of completing adjuvant chemotherapy based on the results from the DESTINY-Breast04 trial.

 

ENHERTU (5.4 mg/kg) is approved in more than 30 countries worldwide for the treatment of adult patients with unresectable or metastatic NSCLC whose tumors have activating HER2 (ERBB2) mutations, as detected by a locally or regionally approved test, and who have received a prior systemic therapy based on the results from the DESTINY-Lung02 trial. Continued approval in the U.S. for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.

 

ENHERTU (6.4 mg/kg) is approved in more than 30 countries worldwide for the treatment of adult patients with locally advanced or metastatic HER2 positive gastric or gastroesophageal junction (GEJ) adenocarcinoma who have received a prior trastuzumab-based regimen based on the results from the DESTINY-Gastric01 and/or DESTINY-Gastric02 trials.

 

About the ENHERTU Clinical Development Program

A comprehensive global clinical development program is underway evaluating the efficacy and safety of ENHERTU monotherapy across multiple HER2 targetable cancers. Trials in combination with other anticancer treatments, such as immunotherapy, also are underway.

 

About the Daiichi Sankyo and AstraZeneca Collaboration

Daiichi Sankyo and AstraZeneca entered into a global collaboration to jointly develop and commercialize ENHERTU in March 2019 and datopotamab deruxtecan (Dato-DXd) in July 2020, except in Japan where Daiichi Sankyo maintains exclusive rights for each ADC. Daiichi Sankyo is responsible for the manufacturing and supply of ENHERTU and datopotamab deruxtecan.

 

About the DXd ADC Portfolio of Daiichi Sankyo

The DXd ADC portfolio of Daiichi Sankyo currently consists of six ADCs in clinical development across multiple types of cancer. ENHERTU, a HER2 directed ADC, and datopotamab deruxtecan (Dato-DXd), a TROP2 directed ADC, are being jointly developed and commercialized globally with AstraZeneca. Patritumab deruxtecan (HER3-DXd), a HER3 directed ADC, ifinatamab deruxtecan (I-DXd), a B7-H3 directed ADC, and raludotatug deruxtecan (R-DXd), a CDH6 directed ADC, are being jointly developed and commercialized globally with Merck & Co., Inc., Rahway, N.J. USA. DS-3939, a TA-MUC1 directed ADC, is being developed by Daiichi Sankyo.

 

Designed using Daiichi Sankyo’s proprietary DXd ADC technology to target and deliver a cytotoxic payload inside cancer cells that express a specific cell surface antigen, each ADC consists of a monoclonal antibody attached to a number of topoisomerase I inhibitor payloads (an exatecan derivative, DXd) via tetrapeptide-based cleavable linkers.

Datopotamab deruxtecan, ifinatamab deruxtecan, patritumab deruxtecan, raludotatug deruxtecan and DS-3939 are investigational medicines that have not been approved for any indication in any country. Safety and efficacy have not been established.

 

ENHERTU U.S. Important Safety Information

Indications

ENHERTU is a HER2-directed antibody and topoisomerase inhibitor conjugate indicated for the treatment of adult patients with:

  • Unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen either:

    – In the metastatic setting, or

    – In the neoadjuvant or adjuvant setting and have developed disease recurrence during or within six months of completing therapy

  • Unresectable or metastatic HER2-low (IHC 1+ or IHC 2+/ISH-) breast cancer, as determined by an FDA-approved test, who have received a prior chemotherapy in the metastatic setting or developed disease recurrence during or within 6 months of completing adjuvant chemotherapy
  • Unresectable or metastatic non-small cell lung cancer (NSCLC) whose tumors have activating HER2 (ERBB2) mutations, as detected by an FDA-approved test, and who have received a prior systemic therapy

    This indication is approved under accelerated approval based on objective response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.

  • Locally advanced or metastatic HER2-positive gastric or gastroesophageal junction adenocarcinoma who have received a prior trastuzumab-based regimen

WARNING: INTERSTITIAL LUNG DISEASE and EMBRYO-FETAL TOXICITY

  • Interstitial lung disease (ILD) and pneumonitis, including fatal cases, have been reported with ENHERTU. Monitor for and promptly investigate signs and symptoms including cough, dyspnea, fever, and other new or worsening respiratory symptoms. Permanently discontinue ENHERTU in all patients with Grade 2 or higher ILD/pneumonitis. Advise patients of the risk and to immediately report symptoms.
  • Exposure to ENHERTU during pregnancy can cause embryo-fetal harm. Advise patients of these risks and the need for effective contraception.

Contraindications

None.

Warnings and Precautions

Interstitial Lung Disease / Pneumonitis

Severe, life-threatening, or fatal interstitial lung disease (ILD), including pneumonitis, can occur in patients treated with ENHERTU. A higher incidence of Grade 1 and 2 ILD/pneumonitis has been observed in patients with moderate renal impairment. Advise patients to immediately report cough, dyspnea, fever, and/or any new or worsening respiratory symptoms. Monitor patients for signs and symptoms of ILD. Promptly investigate evidence of ILD. Evaluate patients with suspected ILD by radiographic imaging. Consider consultation with a pulmonologist. For asymptomatic ILD/pneumonitis (Grade 1), interrupt ENHERTU until resolved to Grade 0, then if resolved in ≤28 days from date of onset, maintain dose. If resolved in >28 days from date of onset, reduce dose one level. Consider corticosteroid treatment as soon as ILD/pneumonitis is suspected (e.g., ≥0.5 mg/kg/day prednisolone or equivalent). For symptomatic ILD/pneumonitis (Grade 2 or greater), permanently discontinue ENHERTU. Promptly initiate systemic corticosteroid treatment as soon as ILD/pneumonitis is suspected (e.g., ≥1 mg/kg/day prednisolone or equivalent) and continue for at least 14 days followed by gradual taper for at least 4 weeks.

Metastatic Breast Cancer and HER2-Mutant NSCLC (5.4 mg/kg)

In patients with metastatic breast cancer and HER2-mutant NSCLC treated with ENHERTU 5.4 mg/kg, ILD occurred in 12% of patients. Fatal outcomes due to ILD and/or pneumonitis occurred in 1.0% of patients treated with ENHERTU. Median time to first onset was 5 months (range: 0.9 to 23).

Locally Advanced or Metastatic Gastric Cancer (6.4 mg/kg)

In patients with locally advanced or metastatic HER2-positive gastric or GEJ adenocarcinoma treated with ENHERTU 6.4 mg/kg, ILD occurred in 10% of patients. Median time to first onset was 2.8 months (range: 1.2 to 21).

Neutropenia

Severe neutropenia, including febrile neutropenia, can occur in patients treated with ENHERTU. Monitor complete blood counts prior to initiation of ENHERTU and prior to each dose, and as clinically indicated. For Grade 3 neutropenia (Absolute Neutrophil Count [ANC] <1.0 to 0.5 x 109/L), interrupt ENHERTU until resolved to Grade 2 or less, then maintain dose. For Grade 4 neutropenia (ANC <0.5 x 109/L), interrupt ENHERTU until resolved to Grade 2 or less, then reduce dose by one level. For febrile neutropenia (ANC <1.0 x 109/L and temperature >38.3º C or a sustained temperature of ≥38º C for more than 1 hour), interrupt ENHERTU until resolved, then reduce dose by one level.

Metastatic Breast Cancer and HER2-Mutant NSCLC (5.4 mg/kg)

In patients with metastatic breast cancer and HER2-mutant NSCLC treated with ENHERTU 5.4 mg/kg, a decrease in neutrophil count was reported in 65% of patients. Sixteen percent had Grade 3 or 4 decreased neutrophil count. Median time to first onset of decreased neutrophil count was 22 days (range: 2 to 664). Febrile neutropenia was reported in 1.1% of patients.

Locally Advanced or Metastatic Gastric Cancer (6.4 mg/kg)

In patients with locally advanced or metastatic HER2-positive gastric or GEJ adenocarcinoma treated with ENHERTU 6.4 mg/kg, a decrease in neutrophil count was reported in 72% of patients. Fifty-one percent had Grade 3 or 4 decreased neutrophil count. Median time to first onset of decreased neutrophil count was 16 days (range: 4 to 187). Febrile neutropenia was reported in 4.8% of patients.

Left Ventricular Dysfunction

Patients treated with ENHERTU may be at increased risk of developing left ventricular dysfunction. Left ventricular ejection fraction (LVEF) decrease has been observed with anti-HER2 therapies, including ENHERTU. Assess LVEF prior to initiation of ENHERTU and at regular intervals during treatment as clinically indicated. Manage LVEF decrease through treatment interruption. When LVEF is >45% and absolute decrease from baseline is 10-20%, continue treatment with ENHERTU. When LVEF is 40-45% and absolute decrease from baseline is <10%, continue treatment with ENHERTU and repeat LVEF assessment within 3 weeks. When LVEF is 40-45% and absolute decrease from baseline is 10-20%, interrupt ENHERTU and repeat LVEF assessment within 3 weeks. If LVEF has not recovered to within 10% from baseline, permanently discontinue ENHERTU. If LVEF recovers to within 10% from baseline, resume treatment with ENHERTU at the same dose. When LVEF is <40% or absolute decrease from baseline is >20%, interrupt ENHERTU and repeat LVEF assessment within 3 weeks. If LVEF of <40% or absolute decrease from baseline of >20% is confirmed, permanently discontinue ENHERTU. Permanently discontinue ENHERTU in patients with symptomatic congestive heart failure. Treatment with ENHERTU has not been studied in patients with a history of clinically significant cardiac disease or LVEF <50% prior to initiation of treatment.

Metastatic Breast Cancer and HER2-Mutant NSCLC (5.4 mg/kg)

In patients with metastatic breast cancer and HER2-mutant NSCLC treated with ENHERTU 5.4 mg/kg, LVEF decrease was reported in 3.6% of patients, of which 0.4% were Grade 3.

Locally Advanced or Metastatic Gastric Cancer (6.4 mg/kg)

In patients with locally advanced or metastatic HER2-positive gastric or GEJ adenocarcinoma treated with ENHERTU 6.4 mg/kg, no clinical adverse events of heart failure were reported; however, on echocardiography, 8% were found to have asymptomatic Grade 2 decrease in LVEF.

Embryo-Fetal Toxicity

ENHERTU can cause fetal harm when administered to a pregnant woman. Advise patients of the potential risks to a fetus. Verify the pregnancy status of females of reproductive potential prior to the initiation of ENHERTU. Advise females of reproductive potential to use effective contraception during treatment and for 7 months after the last dose of ENHERTU. Advise male patients with female partners of reproductive potential to use effective contraception during treatment with ENHERTU and for 4 months after the last dose of ENHERTU.

Additional Dose Modifications

Thrombocytopenia

For Grade 3 thrombocytopenia (platelets <50 to 25 x 109/L) interrupt ENHERTU until resolved to Grade 1 or less, then maintain dose. For Grade 4 thrombocytopenia (platelets <25 x 109/L) interrupt ENHERTU until resolved to Grade 1 or less, then reduce dose by one level.

Adverse Reactions

Metastatic Breast Cancer and HER2-Mutant NSCLC (5.4 mg/kg)

The pooled safety population reflects exposure to ENHERTU 5.4 mg/kg intravenously every 3 weeks in 984 patients in Study DS8201-A-J101 (NCT02564900), DESTINY-Breast01, DESTINY-Breast03, DESTINY-Breast04, and DESTINY-Lung02. Among these patients 65% were exposed for >6 months and 39% were exposed for >1 year. In this pooled safety population, the most common (≥20%) adverse reactions, including laboratory abnormalities, were nausea (76%), decreased white blood cell count (71%), decreased hemoglobin (66%), decreased neutrophil count (65%), decreased lymphocyte count (55%), fatigue (54%), decreased platelet count (47%), increased aspartate aminotransferase (48%), vomiting (44%), increased alanine aminotransferase (42%), alopecia (39%), increased blood alkaline phosphatase (39%), constipation (34%), musculoskeletal pain (32%), decreased appetite (32%), hypokalemia (28%), diarrhea (28%), and respiratory infection (24%).

Contacts

Media:

Global/US:

Jennifer Brennan

Daiichi Sankyo, Inc.

jbrennan2@dsi.com
+1 908 900 3183 (mobile)

Japan:
Koji Ogiwara

Daiichi Sankyo Co., Ltd.

ogiwara.koji.ay@daiichisankyo.co.jp
+81 3 6225 1126 (office)

Investor Relations Contact:
DaiichiSankyoIR@daiichisankyo.co.jp

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DEI Trailblazer Awards 2023 nominees announced

TRENTON, NJ – The African American Chamber of Commerce of New Jersey and the New Jersey Chamber of Commerce are excited to announce the nominees for the 2023 DEI Trailblazer Awards.

This event, now in its second year, aims to recognize companies and organizations that are making substantial strides in the areas of Diversity, Equity, and Inclusion (DEI). The awards reception, which celebrates these nominees and awardees, will take place on Monday, Nov. 20, 2023, at the Old Mill Inn in Basking Ridge, New Jersey, from 5-8 p.m.

The DEI Trailblazer Awards feature six distinct categories, each acknowledging a specific aspect of DEI commitment:

  • Supplier Diversity: Recognizing businesses that prioritize contracting with diverse enterprises for goods and services.
  • Access to Capital: Acknowledging businesses that actively work to enhance access to capital for historically marginalized businesses and entrepreneurs.
  • Corporate Board Diversity: Celebrating businesses with board compositions that reflect individuals from historically underrepresented communities.
  • Workforce Diversity: Commending businesses that demonstrate a commitment to diversity within their staff through comprehensive recruiting, hiring, and retention efforts.
  • Corporate Citizenship: Honoring businesses that engage in philanthropy and community engagement efforts, particularly benefiting historically marginalized communities.
  • Emerging DEI Influencer: Recognizing businesses in the early stages of implementing intentional efforts across the above categories.

 

The 2023 DEI Trailblazer Awards nominees are:

  1. AmeriHealth
  2. Bank of America
  3. Bridge Builders Newark, LLC
  4. CannPowerment
  5. The Ceceilyn Miller Institute for Leadership & Diversity
  6. Chiesa Shahinian & Giantomasi PC
  7. Cole Schotz
  8. Delta Dental of New Jersey
  9. Gibbons P.C.
  10. Hackensack Meridian Health
  11. Johnson & Johnson
  12. Lockerbie & Co.
  13. Modivcare
  14. New Jersey Institute of Technology
  15. Phillips 66-Bayway Refinery
  16. PSEG
  17. Santander US
  18. Somerset County Business Partnership
  19. Tené Nícole Creative Agency
  20. UnitedHealth Group
  21. We Are Jersey

 

The awardees for 2023 will be revealed during the awards reception on Monday, Nov. 20.

 

“As we unveil the remarkable nominees for the 2023 DEI Trailblazer Awards, we are inspired by the dedication of these organizations to Diversity, Equity, and Inclusion. They are setting a strong example for all of us,” remarked AACCNJ Founder, President, and CEO John E. Harmon Sr., IOM. “I invite everyone to join us at the awards reception, where we will celebrate the achievements of these nominees and unveil the awardees. Your presence at this event is not just a testament to your support for DEI but also a commitment to fostering a more inclusive business landscape. Together, we can make a significant impact in the pursuit of equity and diversity in our communities.”

 

“The success of our inaugural DEI Trailblazer Awards left a lasting impact, but this year’s event promises to build on that legacy in even more profound ways. It’s inspiring to see organizations across New Jersey making substantial strides in Diversity, Equity, and Inclusion,” added New Jersey Chamber of Commerce President and CEO Thomas Bracken. “We encourage everyone to be a part of this remarkable journey by attending the awards reception. Your presence will not only celebrate the achievements of our nominees but also propel us toward a more inclusive and equitable business environment. Together, we can continue to shape a future that reflects the values of diversity and equality.”

 

Notably, last year’s event featured the following nominees:

  1. Abitronix, LLC
  2. American Water Works
  3. Back Thru the Future
  4. Bestwork Industries for the Blind, Inc.
  5. Curio Wellness/Far & Dotter
  6. HelloFresh
  7. Joseph Jingoli & Son, Inc.
  8. Lyft
  9. Mental Health Association in New Jersey
  10. Phillips 66-Bayway Refinery
  11. PMO Solution Pro, LLC
  12. Princeton Area Community Foundation
  13. Quality Dental School of Technology, Inc.
  14. Somerset County Business Partnership
  15. Target International Shipping Inc.
  16. Truist Bank
  17. Valley Bank

 

The 2022 awardees included Burns & McDonnell for Supplier Diversity, Union County Economic Development Council for Access to Capital, Columbia Bank for Corporate Board Diversity, Hackensack Meridian Health for Workforce Diversity, Gibbons P.C. for Corporate Citizenship, and Provident Bank for Emerging DEI Influencer.

 

To celebrate the 2023 nominees and learn more about this year’s awardees, kindly register for the awards reception at https://njchamber.com/events/dei-trailblazer-awards.

About the African American Chamber of Commerce of NJ

The African American Chamber of Commerce of New Jersey (AACCNJ) performs an essential role in the economic viability of New Jersey. While providing a platform for New Jersey’s African American business leaders to speak with a collective voice, the AACCNJ advocates and promotes economic diversity fostering a climate of business growth through major initiatives centering on education and public policy. The AACCNJ is a proactive advocacy group with a 501(c)(3) tax exemption, as is the National Black Chamber of Commerce, with which the AACCNJ is affiliated.

About the New Jersey Chamber of Commerce

The New Jersey Chamber of Commerce is a business advocacy association based in Trenton that lobbies key stakeholders for legislation and policies designed to make New Jersey a desirable state to operate a business and establish good-paying jobs. Chamber member companies receive exclusive invitations to events that offer valuable networking and educational opportunities. Additionally, the Chamber regularly disseminates legislative updates, industry insights, and employer-related news critical to conducting business in New Jersey. The organization unites local and regional chambers of commerce across the state to address significant business issues. The New Jersey Chamber of Commerce Foundation is committed to equipping New Jersey’s future workforce with the essential skills required for success in both college and employment.