Categories
Local News

City of Trenton, Mercer County Park Commission partner for urban farm

TRENTON, N.J. —  Capital City Farm will now operate in Trenton’s North Ward following a ribbon-cutting ceremony Monday that officially launched the new partnership between the City of Trenton and the Mercer County Park Commission.

Mercer County and City of Trenton officials and representatives from the Garden State Agrihood Project and Trenton Area Soup Kitchen cut a ceremonial ribbon at the North Clinton Avenue entrance to Capital City Farm on Aug. 2.

 

The property for the farm is located at 301 N. Clinton Ave., which the City of Trenton acquired in 2014, using open space funding provided by Mercer County, and soon thereafter they cleaned up and improved the land for farming.

 

Today, under a recently executed agreement whereby the City will maintain ownership of the property and the Park Commission will staff and manage the farm, Capital City Farm grows healthy food, much of which is donated to the adjacent Trenton Area Soup Kitchen; offers learning and employment opportunities to Trenton residents; and maintains an open and green landscape to the surrounding neighborhood.

 

From left, Aaron T. Watson, Park Commission Executive Director; Park Commission employees Logan Davis, farm manager, and Walter Roberts, farm laborer; Trenton Mayor Reed Gusciora; County Executive Brian M. Hughes; Trenton Councilwoman Marge Caldwell-Wilson; Jay Watson, a Senior Director at the New Jersey Conservation Foundation and a catalyst for the farm’s creation; and Jacqui Ivey, a Garden State Agrihood Project board member.

 

Vegetables garden and fruit trees at Capital City Farm, which provides fresh, healthy food to the Trenton-area community.

 

 

 

 

 

 

 

Categories
Local News Science

Gennao Bio appoints Dale L. Ludwig, Ph.D., as chief scientific officer

HOPEWELL, N.J. — (BUSINESS WIRE) — Gennao Bio, a privately held genetic medicines company developing first-in-class, targeted nucleic acid therapeutics, today announced the expansion of its executive leadership team with the appointment of Dale L. Ludwig, Ph.D., as chief scientific officer. Dr. Ludwig is a recognized leader in the biopharmaceutical industry, having supported the development and successful launch of several biologic oncology products including Erbitux®, Cyramza™, Portrazza®, and Lartruvo™, as well as the clinical advancement of a number of other therapeutic antibodies over the course of his career.

Dale is a biopharmaceutical industry leader with deep expertise in the research and development of oncology antibody therapeutics and a welcomed addition to the Gennao team,” said Stephen Squinto, Ph.D., chief executive officer and chair of the board of Gennao Bio. “His knowledge and experience will be instrumental as we establish and develop a robust pipeline of GMAB targeted nucleic acid therapeutics.”

Dr. Ludwig’s extensive drug discovery and development expertise covers a range of therapeutic antibody strategic approaches including function-blocking antibodies, bispecific antibodies, antibody-drug conjugates and antibody radio-conjugates. Most recently, he served as the chief science and technology officer for Actinium Pharmaceuticals. Prior to Actinium, Dr. Ludwig served as the chief scientific officer, vice president, of oncology discovery research – biologics technology and a member of the oncology research senior leadership team at Eli Lilly and Company. Prior to the acquisition of ImClone by Eli Lilly, he held the position of head of molecular & cellular engineering at ImClone Systems Incorporated. Dr. Ludwig trained as a postdoctoral associate in the DNA Damage and Repair Group of the Los Alamos National Laboratory and as a postdoctoral fellow in the Department of Molecular Genetics, Biochemistry and Microbiology at the University of Cincinnati College of Medicine. He holds a B.S. in biology with a concentration in microbiology from James Madison University and received his Ph.D. in Microbiology from East Carolina University.

About Gennao Bio

Gennao Bio is a privately held genetic medicines company developing first-in-class targeted nucleic acid therapeutics utilizing a proprietary gene monoclonal antibody (GMAB) platform technology. GMAB is an adaptive technology that uses a novel, cell-penetrating antibody to non-covalently bind to and deliver therapeutic levels of a wide variety of nucleic acid payloads to select cells. This non-viral delivery platform is differentiated from traditional gene delivery systems as it can deliver multiple types of nucleic acids, allows for repeat dosing and employs well-established manufacturing processes. Gennao Bio is developing this delivery system with an initial focus on addressing significant unmet needs in oncology and rare monogenic skeletal muscle diseases.

Contacts

Investor and Media Contact:

Marcy Nanus

info@gennao.com
516-901-2584

Categories
Local News

Cenlar appoints Jason Shockey to chief information security officer

EWING, N.J. — (BUSINESS WIRE) — Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Jason Shockey has joined the company as Chief Information Security Officer (CISO).

“We are excited to bring Jason on board. Given his background in both government and private sectors, Jason brings an impressive depth of cybersecurity knowledge to the role,” said Tim King, Chief Information Officer. “Jason’s leadership within the cybersecurity industry positions us to advance our security strategy against ever-changing risk landscapes to protect sensitive data of our company, our employees, our clients and their homeowners.”

 

As the CISO, Jason will be responsible for implementing the information security strategy and objectives, including strategies to monitor and address current and emerging risks, as well as building a strong cyber engineering function to enable digital transformation.

 

“I’m looking forward to working with the Corporate Security Office team and continuing the great progress they’ve made. My vision is to further integrate and align information security to the business strategy,” said Jason.

 

Jason has 22 years of experience in IT and global cybersecurity operations specializing in governance, risk management, compliance, IT operations, architecture, software engineering and incident response. Prior to joining Cenlar, Jason was the CISO for Cyberpoint International. In addition to his work in the private sector, Jason has an extensive background in leading cybersecurity efforts for the U.S. Marine Corps and partnering with the intelligence community. He directed and guided cybersecurity operations, infrastructure development, and software engineering for Marine Corps Forces Cyberspace Command at Ft. Meade, MD. Jason also led national level operations for the Cyber National Mission Force at Ft. Meade, MD, and served as a special liaison to the National Cyber Investigative Joint Task Force. He was selected by the Commander of U.S. Cyber Command to lead high performance teams consisting of world class cyber experts, scientists, engineers and national level defensive cyber professionals to characterize risk associated with unattributed, global emerging cyber threats.

 

Jason is a recipient of the 2014 Copernicus Award, which is given by the U.S. Naval Institute and AFCEA International that recognizes individuals who have made a significant, demonstrable contribution to naval warfare in command, control, communications, computers and intelligence (C4I).

 

About Cenlar FSB

Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing loans in 50 states. As the nation’s leading subservicer, Cenlar boasts a loyal and growing client base including banks, credit unions and mortgage bankers. Our nearly 4,000 employees, strategically located throughout the United States, are dedicated to customer satisfaction and teamwork that drives client solutions that are unparalleled in quality, flexibility and innovation. Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com.

Find us on LinkedIn here: https://www.linkedin.com/company/cenlar-fsb/

Contacts

Adrienne R. Kowalski
Corporate Communications Director

arkowalski@cenlar.com

Categories
Local News

Mercer County Senior Art Show demonstrates talents by local residents

TRENTON — A professional juror has selected the winners from more than 80 entries in this year’s Mercer County Senior Art Show, which is being held online through Aug. 6. The exhibition can be viewed here on the Mercer County website.

Artwork best kreves_crop

“We have so many older adults who are tapping into their creativity to create new works of art,” said Mercer County Executive Brian M. Hughes. “I commend everyone who entered their work in the County show and thank them for sharing their artistic talent with us.”

Each year, the Mercer County Division of Culture and Heritage partners with the Mercer County Office on Aging to produce the Mercer County Senior Art Show. First-place winners from the County show advance to the New Jersey Senior Citizen Art Show held in the fall.

Mercer County residents age 60 or older may submit artwork to the Mercer County Senior Art Show. Submissions must be the original work of the applicant, created within the last three years, and not previously entered in a Mercer County Senior Art Show or the State Senior Art Show. Artwork may be entered in the following categories: acrylic, craft, digital art, mixed media, oil, pastel, photography, print, sculpture, watercolor and works on paper.

Artist best-hatch_crop

A professional juror selects the winners in this show. Up to 22 artists (one “professional” winner and one “non-pro” winner in each of the 11 categories) may move on to the State Show. There is no fee to enter.

Listed below are the individuals who were awarded first, second and third place and honorable mention in their respective categories in this year’s Mercer County Senior Art Show. Pictured above are the Best in Show selections: “Indian Summer” by Leslie Hatch of East Windsor, Watercolor, Non-Professional; and “Mourning Rock With Kickstand” by Joy Kreves of Ewing, Sculpture, Professional.

NON-PROFESSIONAL

Acrylic
1. Lisa Gall, Trenton
2. Sandy SchwartzBird, Trenton
3. Allan Marcus, Princeton Junction
HM – Annette Osterlund, West Windsor; Eleni Litt, Princeton; and Amy Lerner, West Windsor

Craft
1. Rima Phillips, East Windsor
2. Loreta Macaraig, Hamilton
3. Ted Sikorski, Hamilton
HM – Maria Ferris, Lawrenceville

Digital
1. Connie Cruser, Hamilton Square

Mixed Media
1. Ilene Dube, Princeton Junction
2. Judith Nahmias, Lawrenceville
3. Hermine Brooks, Lawrence
HM – Mark Schlawin, Princeton Junction

Oil
1. Nora Ananos, Princeton Junction
2. Jan Koczera, West Windsor
3. Andrea Pitluck, West Windsor
HM – Raj Oberoi, Robbinsville; and Carlo Fiorentini, Princeton

Pastel
1. Vivienne Wingfield, Hopewell

Photography
1. John Ward, Robbinsville
2. Judith Miller, Trenton
3. Stephanie Cuddahy, Hamilton
HM – Michael Green, East Windsor; and Holly Crochetiere, Robbinsville

Sculpture
1. Ron Snyder, East Windsor
2. Suzanne Migliori, Trenton
3. Douglas Watt, Hamilton Square

Watercolor
1. Leslie Hatch – BEST IN SHOW — NON-PRO, East Windsor
2. Michele Martin, Robbinsville
3. Karen Brodsky, West Windsor
HM – Catherine Edmonds, Lawrence; Gitte Schlessinger, Princeton Junction; and Helen Bilinski, Hamilton

Works on Paper
1. Lenore Isleib, East Windsor
2. Linda Ourach, East Windsor
3. Marina Lam, East Windsor
HM – Helen Nitzche, Hightstown; Ramani Dahanayake, Princeton Junction; and Diane Forer, East Windsor

PROFESSIONAL

Acrylic
1. Mabel Williams, Ewing
2. William Plank, Lawrenceville
3. Ruben Macaraig, Hamilton
HM – Dorothy Friedman, Pennington; and Ed Drago, Robbinsville

Craft
1. Susan Luty, Hightstown

Mixed Media
1. Terri Arruzzo, Hamilton
2. Helen Plank, Lawrenceville
3. Richard Majewski, Robbinsville
HM – Sheran Boddie, Lawrenceville

Oil
1. Lori Langsner, West Windsor
2. Norm Fesmire, Lawrence
3. Marge Miccio, Trenton
HM – Robert Lowe, Trenton; and Gary Coyne, Mercerville

Pastel
HM – Margaret Kalvar Bushnell, Princeton Junction

Photography
1. Maia Riem, West Windsor
2. Gary Becker, Trenton
3. Samuel Vovsi, Princeton
HM – Judy Filipponi, Robbinsville; and Aubrey Kauffman, Ewing

Sculpture
1. Joy Kreves – BEST IN SHOW — PROFESSIONAL, Ewing
2. Harry Jackendoff, Trenton

Watercolor
1. Pat Proniewski, Hamilton Square
2. Margaret Simpson, Hamilton

Works on Paper
1. Terry Goldstein, East Windsor
2. Frank Pastore, Hightstown
HM – David Potts, Hamilton

Categories
Environment Local News

D&R Greenway Land Trust congratulates three local girls honored by the Junior League of Greater Princeton for building community through good works

 

D&R Greenway congratulates Emmy Stenull [age 13]; Allie Martin [age 12]; and Alexandra Kasimatis [age 9] for

Helping Hands, Emmy, Alexandra, Allie Outstanding Community Work Junior League of Greater Princeton photo

having been granted a Certificate of Recognition for Outstanding Community Work from the Junior League of Greater Princeton in a June ceremony.  The girls were honored alongside HomeFront, Arm in Arm, Mercer St. Friends and RISE.

 

The “3 Helping Hands” came up with a unique nature project, because, as they wrote to D&R Greenway, “We are dedicated to making a difference in our world.” They painted flowerpots, then planted flowers to sell to neighbors, each purchase adorned with a colorful, helpful note. Volunteering runs in the Martin family, as Allie’s father, William Martin serves on the land trust’s board of trustees. They donated their entire proceeds, of $178.00, to D&R Greenway “to help save the environment.”

 

Community projects are a monthly undertaking for the three girls. Previously, they raised and donated money to help with the COVID-19

Helping Hands hand painted pots with new sprouts and handwritten notes for sale to neighbors Junior League Photo

vaccine through Johnson & Johnson. They also collected over 500 non-perishable food items distributed through Aunt Chubby’s Luncheonette in Hopewell to families in need.

 

“We wish to continue doing projects to help our community and world; organizations like yours inspire us to do so.”

The 3 Helping Hands.    Follow them on Instagram.com/3.helping hands  for their future projects.

 

Linda Mead, D&R Greenway CEO & President, praises the generosity and commitment of these three girls, as well as Hopewell’s Callie Considine, whose dedicated efforts helped D&R Greenway Land Trust permanently protect St. Michaels Farm Preserve in Hopewell. In

Helping Hands Helpful Plant Note created by girls
— Photo by Junior League of Princeton

2010, we celebrated the tenth anniversary of this preserve that is beloved by the community: These young people, who have taken personal action to protect nature, are an inspiration to all of us. Their commitment is an embodiment of the third part of our non-profit’s mission: To Preserve, To Care, To Inspire.”  Watch Callie tell her story (starting at 4:15 pm) on Greenway’s You Tube channel,  3 Stories of Land Preservation.   

       

                                                                       

                                                                               BACKGROUND

 

D&R Greenway Land Trust, an accredited nonprofit, has saved 21,200 acres of New Jersey land since its 1989 founding. Preserving land for life and creating public trails grants everyone the opportunity to enjoy the great outdoors. The land trust’s preserved farms and community gardens provide local organic food for neighbors—including those in need. D&R Greenway’s strategic land conservation and stewardship combat climate change, protect wildlife, and ensure clean drinking water for future generations. D&R Greenway’s mission is connecting land with people from all walks of life. D&R Greenway’s Johnson Education Center, home to its art galleries in Princeton, is closed to the public, to ensure health and safety, during the COVID emergency.

 

Our outdoor trails and labyrinth are open. Visit our Facebook and Instagram pages and www.drgreenway.org to learn about the organization’s latest news and virtual programs. D&R Greenway Land Trust, One Preservation Place, Princeton NJ, 08540. The best way to reach D&R Greenway Staff during the COVID pandemic is by e-mail, , or by calling D&R Greenway at 609-578-7470 or info@drgreenway.org.

Categories
Business Local News

Church & Dwight reports Q2 2021 results

2021 Second Quarter Results

  • Net Sales +6.4%: Domestic +3.1%, Int’l +21.0%, SPD +11.8%
  • Organic sales +4.5%: Domestic +2.8%, Int’l +10.4%, SPD +11.8%
  • EPS +16.0%; Adjusted -1.3%

 2021 Full Year Outlook

  • Net Sales growth now ~5%; Organic Sales growth now ~4%
  • Adjusted EPS now at lower end of 6-8% range¹
  • Cash from operations approx. $950 million (previous $1 billion)

 

 

EWING, N.J. — (BUSINESS WIRE) — Church & Dwight Co., Inc. (NYSE: CHD) today announced second quarter net sales grew 6.4% to $1,271.1 million. The Company continues to experience strong consumer demand for many of its products. Organic sales grew 4.5% driven by volume, exceeding the Company’s outlook of 4% growth.2

Second quarter 2021 EPS increased 16.0% to $0.87 per share. Adjusted EPS, which excludes a positive acquisition related earn-out adjustment, decreased 1.3% to $0.76, exceeding the Company’s adjusted outlook of $0.69.²

Matthew Farrell, Chief Executive Officer, commented, “Our brands once again drove strong consumption in Q2. Organic sales growth of 4.5% is on top of 8.4% organic growth in Q2 2020. In the U.S., we grew consumption in 13 of the 16 categories in which we compete. Our brands experienced double-digit consumption growth in 9 of those 16 categories, including gummy vitamins, cat litter, dry shampoo, and water flossers. Our personal care categories are benefitting from increased consumer mobility. Consumption is far outpacing shipments as supply chain disruptions continue and fill levels are below normal. Our International business, despite many countries still experiencing lockdowns, delivered broad-based organic sales growth of 10.4%. Global online sales grew 7.2% (on top of 77% growth in Q2 2020) and as a percentage of total sales has expanded to 14.2% in Q2.”

“I’d like to recognize all Church & Dwight employees around the world for their continued dedication to helping us successfully navigate the difficult environment, especially our Supply Chain and R&D teams as the Company continues to face complexities of raw material and labor shortages at our suppliers and third party manufacturers.”

“In the second quarter, we experienced shortages of many key raw materials. Labor shortages at suppliers and third party manufacturers and transportation challenges have resulted in supply issues. Shortages of available trucks and drivers for raw and packaging materials such as chemicals have also impacted supply. Due to a lower case fill rate, we pulled back on Q2 marketing for affected products, especially household products. We expect the supply issues to begin to abate in Q4 as we continue our efforts to improve. Significant inflation of material and component costs is impacting our gross margin outlook. We expect higher input costs and transportation costs to remain elevated for the rest of the year.”

“Our previously announced pricing actions took effect on June 28, which included a high single digit increase in laundry. In July, we announced additional price increases in cat litter, laundry performance additives, baking soda, water flossers, and showerheads. These actions are in response to rising costs in the commodity, labor and transportation markets. Our cumulative price increases cover approximately 50% of our global portfolio of brands.”

Second Quarter Review

Consumer Domestic net sales were $959.7 million, a $28.6 million or 3.1% increase driven by household and personal care sales growth and acquisitions. Organic sales increased 2.8% due to higher volume (+2.5%) and positive price and product mix (+0.3%). Growth was led by WATERPIK® oral care products, ARM & HAMMER® clumping cat litter, BATISTE® dry shampoo, NAIR® hair removal products and TROJAN® condoms.

Consumer International net sales were $226.8 million, a $39.3 million or a 21.0% increase, primarily driven by Global Markets Group organic growth and the impact of currency. Despite continued lockdowns, organic sales increased 10.4% due to higher volume (+12.5%), partially offset by price and product mix (-2.1%). Organic sales were driven primarily by WATERPIK and ARM & HAMMER liquid laundry detergent in the Global Markets Group, WATERPIK, BATISTE and STERIMAR® nasal spray in Europe and GRAVOL® nausea relief products and ARM & HAMMER litter in Canada.

Specialty Products net sales were $84.6 million, an $8.9 million or an 11.8% increase driven by demand for dairy products. Organic sales increased 11.8% due to higher pricing (+5.5%) and higher volume (+6.3%). Milk prices have remained stable in the U.S. dairy market.

Gross margin decreased 340 basis points to 43.4% due to the impact of higher distribution costs as well as higher manufacturing costs primarily related to commodities and higher tariffs, partially offset by productivity and favorable volume and price.

Marketing expense was $117.0 million, a decrease of $5.3 million or 4.3%. Marketing expense as a percentage of net sales decreased 100 basis points to 9.2%. Marketing spending was temporarily lowered in order to reduce demand until customer fill rates could recover.

Selling, general, and administrative expense (SG&A) was $136.5 million or 10.7% of net sales on a reported basis. Adjusted SG&A as a percentage of net sales was 13.7% a decrease of 140 basis points due to lower litigation costs and lower incentive compensation.²

Income from Operations was $298.7 million or 23.5% of net sales. Adjusted Income from Operations was $260.7 million or 20.5% of net sales.²

Other Expense of $11.4 million declined primarily due to lower interest expense resulting from lower interest rates.

The effective tax rate was 24.0% compared to 19.6% in 2020, an increase of 440 basis points (EPS -$0.04) primarily related to lower stock option exercises. The full year tax rate is now expected to be 23% compared to our previous expectation of 22%.

Operating Cash Flow

For the first six months of 2021, cash from operating activities decreased 42.5% to $344.3 million, a $254.3 million decrease from the prior year, as higher cash earnings were offset by an increase in working capital. The increase in working capital is primarily related to lower accounts payable and accrued expense balances as well as the deferral of U.S. Federal income tax payments from the second to the third quarter in the prior year. We expect to generate $950 million of cash from operations for the full year.

Capital expenditures for the first six months were $43.3 million, a $12.4 million increase from the prior year to support production capacity related to increased demand. Full year capex is expected to be $140 million (previously $180 million) primarily due to timing of projects.

At June 30, 2021, cash on hand was $149.8 million, while total debt was $1,946.9 million.

2021 New Products

Mr. Farrell commented, “Innovation has been a hallmark of Church & Dwight’s success. We will continue to invest in new products and R&D to drive long-term revenue and earnings growth and to meet consumer needs. We are very excited about our new product launches.”

“In the household products portfolio, we have introduced OXICLEAN Laundry and Home Sanitizer. It is the first and only sanitizing product that consumers add directly to the washing machine with their regular detergent, that boosts stain fighting and eliminates 99.9% of bacteria and viruses. The product is also designed for cleaning throughout the house on a variety of surfaces for a germ-free clean.”

“In the personal care portfolio, WATERPIK launched WATERPIK IONTM, a water flosser which is 30% smaller and contains a lithium ion battery that lasts up to four weeks with a single charge and is specifically designed for smaller bathroom spaces with limited counter space and electric outlets. To capitalize on its earlier success, WATERPIK SONIC-FUSION®, the world’s first flossing toothbrush, was upgraded to SONIC-FUSION 2.0, with two brush head sizes and two brush speeds. FLAWLESS is capitalizing on the at-home beauty and self-care trends with a facial cleanser system, a shower wand for a full body spa-like experience, and salon at-home manicure and pedicure solutions. VITAFUSION launched POWER ZINC™, Elderberry gummies in both adult and kids’ variants, and Super Immune Support to capitalize on increased consumer interest in immunity.”

Outlook for 2021

Mr. Farrell stated, “We continue to expect 2021 to be another strong year. Our categories are growing and our brands are performing well. As we continue to experience supply chain disruptions, we now expect full year 2021 reported sales growth to be approximately 5% and organic sales growth to be approximately 4%. This is remarkable on top of 9.6% organic growth in 2020.”

“We now expect to be at the lower end of our range of adjusted EPS growth of 6-8%, reflecting continued strong business performance on top of our 2020 results. We now expect an incremental $125 million in full year input costs (previously $90 million) which have been partially offset by announced price increases, a reduction in coupons and promotions, and lower SG&A. In the near-term, incremental inflation combined with a higher tax rate exceed the partial year benefit of our pricing actions. The full benefit of these pricing actions will be realized in 2022.”

Mr. Farrell continued, “We now expect full year gross margin down 75 basis points (previously we expected flat gross margins) and adjusted operating profit margin expansion of 70 basis points (previous outlook of 80 basis points), which exceeds our Evergreen model of +50 basis points.¹ Consistent with our long term view, our marketing support levels are unchanged from our previous outlook of approximately 11.5%. We now expect full year adjusted SG&A to be down 85 basis points largely due to lower incentive compensation and lower travel. The 2021 effective tax rate is expected to be approximately 23% (previously 22%). Finally, our expectation for cash flow from operations is now approximately $950 million (previously $1 billion).”

“In line with our long term strategy, we continue to pursue accretive acquisitions that meet our strict criteria.”

“While consumption is strong, for Q3, we expect reported sales growth of approximately 3.0% and organic sales growth of approximately 1.5% as we are temporarily constrained by supply. We expect Q3 net sales to be comparable to Q2 net sales. Gross margin expansion reflects the impact of price increases. Adjusted EPS is expected to be $0.70 per share, flat from last year’s adjusted Q3 EPS.”1

¹ This press release does not provide a forward-looking reconciliation of adjusted EPS to reported EPS, adjusted operating margin to reported operating margin, and adjusted SG&A to reported SG&A, the most directly comparable GAAP financial measures, expected for the third quarter or full year of 2021, because we are unable to provide such a reconciliation without unreasonable effort. We have excluded the changes in the Company’s potential earn-out liability from our acquisition of the FLAWLESS business from our expected adjusted EPS and adjusted operating margin for these periods. We are required to review the fair value of the earn-out liability quarterly based on changes in sales forecasts, discount rates, volatility assumptions, and other inputs. Our inability to provide a reconciliation to GAAP EPS, operating margin, and SG&A for future periods is due to the uncertainty and inherent difficulty of predicting what these changes will be on a quarter-by-quarter basis or on an annual basis. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to our future results.

² See non-GAAP reporting reconciliations included at the end of this release.

Church & Dwight Co., Inc. (NYSE: CHD) will host a conference call to discuss second quarter 2021 results on July 30, 2021 at 10:00 a.m. (ET). To participate, dial 877-322-9846 within the U.S. and Canada, or 631-291-4539 internationally, using access code 8464778. A replay will be available at 855-859-2056 using the same access code through the close of business on August 6, 2021. You also can participate via webcast by visiting the Investor Relations section of the Company’s website at www.churchdwight.com.

Church & Dwight Co., Inc. (NYSE: CHD) founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal care, household, and specialty products under recognized brand names such as ARM & HAMMER®, TROJAN®, OXICLEAN®, SPINBRUSH®, FIRST RESPONSE®, NAIR®, ORAJEL®, XTRA®, L’IL CRITTERS® and VITAFUSION®, BATISTE®, WATERPIK®, FLAWLESS®, and ZICAM®. These thirteen key brands represent approximately 80% of the Company’s products sales. For more information, visit the Company’s website.

Church & Dwight has a strong heritage of commitment to people and the planet. In the early 1900’s, we began using recycled paperboard for all packaging of household products. Today, virtually all our paperboard packaging is from certified, sustainable sources. In 1970, the ARM & HAMMER® brand introduced the first nationally distributed, phosphate-free detergent. That same year, Church & Dwight was honored to be the sole corporate sponsor of the first annual Earth Day. In 2020, our continued progress earned public recognition, including the 2020 Newsweek’s Most Sustainable Companies list, the EPA’s Green Power Partnership Top 100 list, the 2020 Forbes Magazine: Americas Best-in-State Employer Award and the FTSE4Good Index Series.

For more information, see the Church & Dwight 2020 Sustainability Report at:

https://churchdwight.com/responsibility/

This press release contains forward-looking statements, including, among others, statements relating to net sales and earnings growth; the impact of the COVID-19 pandemic and the Company’s response; gross margin changes; trade, marketing, and SG&A spending; sufficiency of cash flows from operations; earnings per share; cost savings programs; consumer demand and spending; the effects of competition; the effect of product mix; volume growth, including the effects of new product launches into new and existing categories; the impact of acquisitions (including earn-outs); and capital expenditures. Other forward-looking statements in this release may be identified by the use of such terms as “may,” “could,” “expect,” “intend,” “believe,” “plan,” “estimate,” “forecast,” “project,” “anticipate,” “to be,” “to make” or other comparable terms. These statements represent the intentions, plans, expectations and beliefs of the Company, and are based on assumptions that the Company believes are reasonable but may prove to be incorrect. In addition, these statements are subject to risks, uncertainties and other factors, many of which are outside the Company’s control and could cause actual results to differ materially from such forward-looking statements. Factors that could cause such differences include a decline in market growth, retailer distribution and consumer demand (as a result of, among other things, political, economic and marketplace conditions and events); including those relating to the outbreak of contagious diseases; other impacts of the COVID-19 pandemic and its impact on the Company’s operations, customers, suppliers, employees, and other constituents, and market volatility and impact on the economy (including causing recessionary conditions), resulting from nationwide or local or regional outbreaks or increases in infections, new variants, and the risk that the Company will not be able to successfully execute its response plans with respect to the pandemic or localized outbreaks and the corresponding uncertainty; the impact of regulatory changes or policies associated with the COVID-19 pandemic, including continuing or renewed shutdowns of retail and other businesses in various jurisdictions; the impact of the CARES Act and other governmental actions; the impact of continued shifts in consumer behavior, including accelerating shifts to online shopping; unanticipated increases in raw material and energy prices; delays and increased costs in manufacturing or distribution; increases in transportation costs; the impact of price increases for our products; the impact of supply chain disruptions; the impact of inclement weather on raw material and transportation costs; adverse developments affecting the financial condition of major customers and suppliers; changes in marketing and promotional spending; growth or declines in various product categories and the impact of customer actions in response to changes in consumer demand and the economy, including increasing shelf space of private label products; consumer and competitor reaction to, and customer acceptance of, new product introductions and features; the Company’s ability to maintain product quality and characteristics at a level acceptable to our customers and consumers; disruptions in the banking system and financial markets; foreign currency exchange rate fluctuations; implications of the United Kingdom’s withdrawal from the European Union; transition to, and shifting economic policies in the United States; potential changes in export/import and trade laws, regulations and policies of the United States and other countries, including any increased trade restrictions or tariffs, including the actual and potential effect of tariffs on Chinese goods imposed by the United States; issues relating to the Company’s information technology and controls; the impact of natural disasters on the Company and its customers and suppliers, including third party information technology service providers; the integration of acquisitions or divestiture of assets; the outcome of contingencies, including litigation, pending regulatory proceedings and environmental matters; and changes in the regulatory environment.

For a description of additional factors that could cause actual results to differ materially from the forward-looking statements, please see Item 1A, “Risk Factors” in the Company’s annual report on Form 10-K and quarterly reports on Form 10Q. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the U.S. federal securities laws. You are advised, however, to consult any further disclosures the Company makes on related subjects in its filings with the United States Securities and Exchange Commission.

This press release also contains non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of the Company’s financial performance, identifying trends in its results and providing meaningful period-to-period comparisons. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP. See the end of this press release for these reconciliations. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. They should be read in connection with the Company’s financial statements presented in accordance with GAAP.

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income (Unaudited)

Three Months Ended

Six Months Ended

(In millions, except per share data)

June 30, 2021

June 30, 2020

June 30, 2021

June 30, 2020

Net Sales

$

1,271.1

$

1,194.3

$

2,510.0

$

2,359.5

Cost of sales

718.9

634.7

1,406.9

1,267.9

Gross Profit

552.2

559.6

1,103.1

1,091.6

Marketing expenses

117.0

122.3

215.7

218.7

Selling, general and administrative expenses

136.5

186.6

286.1

307.6

Income from Operations

298.7

250.7

601.3

565.3

Equity in earnings of affiliates

2.8

2.0

5.4

3.6

Other income (expense), net

(14.2

)

(16.7

)

(28.4

)

(33.5

)

Income before Income Taxes

287.3

236.0

578.3

535.4

Income taxes

69.0

46.3

139.3

115.9

Net Income

$

218.3

$

189.7

$

439.0

$

419.5

Net Income per share – Basic

$

0.89

$

0.77

$

1.79

$

1.71

Net Income per share – Diluted

$

0.87

$

0.75

$

1.76

$

1.67

Dividends per share

$

0.25

$

0.24

$

0.50

$

0.48

Weighted average shares outstanding – Basic

245.2

246.2

245.2

245.9

Weighted average shares outstanding – Diluted

250.0

251.3

249.9

251.2

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in millions)

June 30, 2021

December 31, 2020

Assets

Current Assets

Cash and Cash Equivalents

$

149.8

$

183.1

Accounts Receivable

386.2

398.8

Inventories

555.8

495.4

Other Current Assets

36.9

35.1

Total Current Assets

1,128.7

1,112.4

Property, Plant and Equipment (Net)

613.0

612.8

Equity Investment in Affiliates

9.9

9.1

Trade Names and Other Intangibles

3,049.2

3,110.2

Goodwill

2,229.8

2,229.6

Other Long-Term Assets

337.9

340.4

Total Assets

$

7,368.5

$

7,414.5

Liabilities and Stockholders’ Equity

Short-Term Debt

$

233.1

$

351.4

Current portion of Long-Term debt

200.0

Other Current Liabilities

943.0

1,037.2

Total Current Liabilities

1,376.1

1,388.6

Long-Term Debt

1,513.8

1,812.5

Other Long-Term Liabilities

1,101.4

1,193.0

Stockholders’ Equity

3,377.2

3,020.4

Total Liabilities and Stockholders’ Equity

$

7,368.5

$

7,414.5

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flow (Unaudited)

Six Months Ended

(Dollars in millions)

June 30, 2021

June 30, 2020

Net Income

$

439.0

$

419.5

Depreciation and amortization

110.3

92.4

Change in fair value of business acquisition liabilities

(57.0

)

(20.7

)

Deferred income taxes

20.9

11.4

Non-cash compensation

16.8

15.8

Gain on sale of assets

(3.0

)

Other

2.9

0.7

Subtotal

532.9

516.1

Changes in assets and liabilities:

Accounts receivable

12.5

5.9

Inventories

(60.3

)

(42.7

)

Other current assets

2.6

(2.1

)

Accounts payable and accrued expenses

(134.5

)

35.8

Income taxes payable

0.1

87.1

Other

(9.0

)

(1.5

)

Net cash from operating activities

344.3

598.6

Capital expenditures

(43.3

)

(30.9

)

Proceeds from sale of assets

7.0

Other

(4.3

)

(2.5

)

Net cash (used in) investing activities

(47.6

)

(26.4

)

Net change in long-term debt

(100.0

)

Net change in short-term debt

(118.4

)

(186.2

)

Payment of cash dividends

(123.8

)

(118.1

)

Proceeds from stock option exercises

12.5

44.9

Payment of business acquisition liabilities

(14.5

)

Deferred financing and other

(0.1

)

(0.1

)

Net cash (used in) financing activities

(329.8

)

(274.0

)

F/X impact on cash

(0.2

)

(2.2

)

Net change in cash and cash equivalents

$

(33.3

)

$

296.0

2021 and 2020 Product Line Net Sales

Three Months Ended

Percent

6/30/2021

6/30/2020

Change

Household Products

$

523.0

$

544.7

-4.0

%

Personal Care Products

436.7

386.4

13.0

%

Consumer Domestic

$

959.7

$

931.1

3.1

%

Consumer International

226.8

187.5

21.0

%

Total Consumer Net Sales

$

1,186.5

$

1,118.6

6.1

%

Specialty Products Division

84.6

75.7

11.8

%

Total Net Sales

$

1,271.1

$

1,194.3

6.4

%

Six Months Ended

Percent

6/30/2021

6/30/2020

Change

Household Products

$

1,018.2

$

1,039.0

-2.0

%

Personal Care Products

883.9

783.1

12.9

%

Consumer Domestic

$

1,902.1

$

1,822.1

4.4

%

Consumer International

443.2

386.1

14.8

%

Total Consumer Net Sales

$

2,345.3

$

2,208.2

6.2

%

Specialty Products Division

164.7

151.3

8.9

%

Total Net Sales

$

2,510.0

$

2,359.5

6.4

%

Contacts

Rick Dierker

Chief Financial Officer

609-806-1200

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Local News

Bristol Myers Squibb receives European Commission approval for Opdivo (nivolumab) as Adjuvant treatment for esophageal or gastroesophageal junction cancer patients with residual pathologic disease following chemoradiotherapy

Approval is based on Phase 3 results from the CheckMate -577 trial

Opdivo is now the first and only adjuvant therapy approved in this setting in the European Union

 

PRINCETON, N.J. — (BUSINESS WIRE) — $BMY #CheckMateBristol Myers Squibb (NYSE: BMY) today announced that the European Commission (EC) has approved Opdivo (nivolumab) for the adjuvant treatment of adult patients with esophageal or gastroesophageal junction (GEJ) cancer who have residual pathologic disease following prior neoadjuvant chemoradiotherapy (CRT). The EC’s decision is based on results from the Phase 3 CheckMate -577 trial, which demonstrated that treatment with Opdivo following neoadjuvant CRT and complete surgical resection doubled the primary endpoint of disease-free survival (DFS) compared to placebo in the all-randomized population. The safety profile of Opdivo was consistent with previously reported studies.

Results from CheckMate -577 were presented at the European Society for Medical Oncology (ESMO) Virtual Congress in September 2020 and at the American Society of Clinical Oncology (ASCO) Annual Meeting in June 2021.

“We have demonstrated that the use of immunotherapy in earlier stages of cancer has the potential to prevent recurrence for certain patients,” said Ian M. Waxman, M.D., development lead, gastrointestinal cancers, Bristol Myers Squibb. “BMS was the first company to bring checkpoint inhibitors into the adjuvant setting for the treatment of patients with melanoma, and we are pleased to be the first to bring adjuvant therapy to patients in the EU with esophageal or gastroesophageal junction cancers who continue to face a high unmet need.”

The EC decision allows for the use of Opdivo for the adjuvant treatment of adult patients with esophageal or GEJ cancer who have residual pathologic disease following prior neoadjuvant CRT in the 27 member states of the European Union, as well as Iceland, Liechtenstein, and Norway. Opdivo also received approval from the U.S. Food and Drug Administration (FDA) in May 2021 for the adjuvant treatment of completely resected esophageal or GEJ cancer with residual pathologic disease in patients who have received CRT.

CheckMate -577 Efficacy and Safety Results

Results from the CheckMate -577 include:

  • DFS: Median DFS was 22.4 months in patients receiving Opdivo (95% Confidence Interval [CI]: 16.6 to 34.0) compared to 11.0 months in patients receiving placebo (95% CI: 8.3 to 14.3). Opdivo reduced the risk of disease recurrence or death by 31% compared to placebo (Hazard Ratio [HR] 0.69; 96.4% CI: 0.56 to 0.86; p=0.0003).
  • Safety: The incidence of any treatment-related adverse events (TRAEs), including any grade and Grade 3-4, was 71% and 13% among patients treated with Opdivo compared to 46% and 6% among patients receiving placebo. Serious TRAEs of any grade and Grade 3-4 occurred in less than 10% of patients treated with Opdivo (any grade in 8%, Grade 3-4 in 6%) compared to 3% and 1% of patients receiving placebo, with a low rate of any grade treatment-related discontinuations in both arms (9% for Opdivo vs. 3% in placebo).

About CheckMate -577

CheckMate -577 is a Phase 3 randomized, multi-center, double-blind study evaluating Opdivo as an adjuvant therapy in patients with resected esophageal or gastroesophageal junction (GEJ) cancer who have received neoadjuvant chemoradiotherapy (CRT) and have not achieved a pathological complete response. The primary endpoint of the trial is disease-free survival (DFS) and the secondary endpoint is overall survival (OS). Following neoadjuvant CRT and complete tumor surgical resection (also known as trimodality therapy), a total of 794 patients were randomized to receive placebo (n=262) or Opdivo (n=532) 240 mg by intravenous infusion every two weeks for 16 weeks followed by placebo or Opdivo 480 mg every four weeks until disease recurrence, unacceptable toxicity or withdrawal of consent, with a maximum of one-year total treatment duration. Follow-up for OS is ongoing.

About Esophageal Cancer

Esophageal cancer is the eighth most common cancer and the sixth leading cause of death from cancer worldwide, with approximately 600,000 new cases and over 540,000 deaths in 2020. The two most common types of esophageal cancer are squamous cell carcinoma and adenocarcinoma, which account for approximately 85% and 15% of all esophageal cancers, respectively, though esophageal tumor histology can vary by region with the highest rate of esophageal adenocarcinoma occurring in North America (65%) and Europe (~40%).

About Gastric Cancer

Gastric cancer, also known as stomach cancer, is the fifth most common cancer and the third leading cause of cancer death worldwide, with over 1,000,000 new cases and approximately 770,000 deaths in 2020. There are several cancers that can be classified as gastric cancer, including certain types of cancers that form in the GEJ, the area of the digestive tract where the esophagus and stomach connect. While GEJ cancer has a lower prevalence than distal gastric cancer, it continues to rise.

Bristol Myers Squibb: Creating a Better Future for People with Cancer

Bristol Myers Squibb is inspired by a single vision — transforming patients’ lives through science. The goal of the company’s cancer research is to deliver medicines that offer each patient a better, healthier life and to make cure a possibility. Building on a legacy across a broad range of cancers that have changed survival expectations for many, Bristol Myers Squibb researchers are exploring new frontiers in personalized medicine, and through innovative digital platforms, are turning data into insights that sharpen their focus. Deep scientific expertise, cutting-edge capabilities and discovery platforms enable the company to look at cancer from every angle. Cancer can have a relentless grasp on many parts of a patient’s life, and Bristol Myers Squibb is committed to taking actions to address all aspects of care, from diagnosis to survivorship. Because as a leader in cancer care, Bristol Myers Squibb is working to empower all people with cancer to have a better future.

About Opdivo

Opdivo is a programmed death-1 (PD-1) immune checkpoint inhibitor that is designed to uniquely harness the body’s own immune system to help restore anti-tumor immune response. By harnessing the body’s own immune system to fight cancer, Opdivo has become an important treatment option across multiple cancers.

Opdivo’s leading global development program is based on Bristol Myers Squibb’s scientific expertise in the field of Immuno-Oncology, and includes a broad range of clinical trials across all phases, including Phase 3, in a variety of tumor types. To date, the Opdivo clinical development program has treated more than 35,000 patients. The Opdivo trials have contributed to gaining a deeper understanding of the potential role of biomarkers in patient care, particularly regarding how patients may benefit from Opdivo across the continuum of PD-L1 expression.

In July 2014, Opdivo was the first PD-1 immune checkpoint inhibitor to receive regulatory approval anywhere in the world. Opdivo is currently approved in more than 65 countries, including the United States, the European Union, Japan and China. In October 2015, the Company’s Opdivo and Yervoy combination regimen was the first Immuno-Oncology combination to receive regulatory approval for the treatment of metastatic melanoma and is currently approved in more than 50 countries, including the United States and the European Union.

INDICATIONS

OPDIVO® (nivolumab), as a single agent, is indicated for the treatment of patients with unresectable or metastatic melanoma.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of patients with unresectable or metastatic melanoma.

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) is indicated for the treatment of patients with metastatic non-small cell lung cancer (NSCLC) with progression on or after platinum-based chemotherapy. Patients with EGFR or ALK genomic tumor aberrations should have disease progression on FDA-approved therapy for these aberrations prior to receiving OPDIVO.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the first-line treatment of adult patients with unresectable malignant pleural mesothelioma (MPM).

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the first-line treatment of patients with intermediate or poor risk advanced renal cell carcinoma (RCC).

OPDIVO® (nivolumab), in combination with cabozantinib, is indicated for the first-line treatment of patients with advanced renal cell carcinoma (RCC).

OPDIVO® (nivolumab) is indicated for the treatment of patients with advanced renal cell carcinoma (RCC) who have received prior anti-angiogenic therapy.

OPDIVO® (nivolumab) is indicated for the treatment of adult patients with classical Hodgkin lymphoma (cHL) that has relapsed or progressed after autologous hematopoietic stem cell transplantation (HSCT) and brentuximab vedotin or after 3 or more lines of systemic therapy that includes autologous HSCT. This indication is approved under accelerated approval based on overall response rate. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab) is indicated for the treatment of patients with recurrent or metastatic squamous cell carcinoma of the head and neck (SCCHN) with disease progression on or after platinum-based therapy.

OPDIVO® (nivolumab) is indicated for the treatment of patients with locally advanced or metastatic urothelial carcinoma who have disease progression during or following platinum-containing chemotherapy or have disease progression within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy. This indication is approved under accelerated approval based on tumor response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab), as a single agent, is indicated for the treatment of adult and pediatric (12 years and older) patients with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (CRC) that has progressed following treatment with a fluoropyrimidine, oxaliplatin, and irinotecan. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of adults and pediatric patients 12 years and older with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (CRC) that has progressed following treatment with a fluoropyrimidine, oxaliplatin, and irinotecan. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of patients with hepatocellular carcinoma (HCC) who have been previously treated with sorafenib. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

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

OPDIVO® (nivolumab) is indicated for the treatment of patients with unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma (ESCC) after prior fluoropyrimidine- and platinum-based chemotherapy.

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

OPDIVO® (nivolumab), in combination with fluoropyrimidine- and platinum-containing chemotherapy, is indicated for the treatment of patients with advanced or metastatic gastric cancer, gastroesophageal junction cancer, and esophageal adenocarcinoma.

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 patients receiving OPDIVO 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated pneumonitis occurred in 7% (31/456) of patients, including Grade 4 (0.2%), Grade 3 (2.0%), and Grade 2 (4.4%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated pneumonitis occurred in 3.9% (26/666) of patients, including Grade 3 (1.4%) and Grade 2 (2.6%). 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.

In Checkmate 205 and 039, pneumonitis, including interstitial lung disease, occurred in 6.0% (16/266) of patients receiving OPDIVO. Immune-mediated pneumonitis occurred in 4.9% (13/266) of patients receiving OPDIVO, including Grade 3 (n=1) and Grade 2 (n=12).

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%). In patients receiving OPDIVO 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated colitis occurred in 25% (115/456) of patients, including Grade 4 (0.4%), Grade 3 (14%) and Grade 2 (8%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated colitis occurred in 9% (60/666) of patients, including Grade 3 (4.4%) and Grade 2 (3.7%).

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%). In patients receiving OPDIVO 1 mg/ kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated hepatitis occurred in 15% (70/456) of patients, including Grade 4 (2.4%), Grade 3 (11%), and Grade 2 (1.8%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated hepatitis occurred in 7% (48/666) of patients, including Grade 4 (1.2%), Grade 3 (4.9%), and Grade 2 (0.4%).

OPDIVO in combination with cabozantinib can cause hepatic toxicity with higher frequencies of Grade 3 and 4 ALT and AST elevations compared to OPDIVO alone. Consider more frequent monitoring of liver enzymes as compared to when the drugs are administered as single agents. In patients receiving OPDIVO and cabozantinib, Grades 3 and 4 increased ALT or AST were seen in 11% of patients.

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, adrenal insufficiency occurred in 8% (35/456), including Grade 4 (0.2%), Grade 3 (2.4%), and Grade 2 (4.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, adrenal insufficiency occurred in 7% (48/666) of patients, including Grade 4 (0.3%), Grade 3 (2.5%), and Grade 2 (4.1%). In patients receiving OPDIVO and cabozantinib, adrenal insufficiency occurred in 4.7% (15/320) of patients, including Grade 3 (2.2%) and Grade 2 (1.9%).

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hypophysitis occurred in 9% (42/456), including Grade 3 (2.4%) and Grade 2 (6%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hypophysitis occurred in 4.4% (29/666) of patients, including Grade 4 (0.3%), Grade 3 (2.4%), and Grade 2 (0.9%).

In patients receiving OPDIVO monotherapy, thyroiditis occurred in 0.6% (12/1994) of patients, including Grade 2 (0.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, thyroiditis occurred in 2.7% (22/666) of patients, including Grade 3 (4.5%) and Grade 2 (2.2%).

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hyperthyroidism occurred in 9% (42/456) of patients, including Grade 3 (0.9%) and Grade 2 (4.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hyperthyroidism occurred in 12% (80/666) of patients, including Grade 3 (0.6%) and Grade 2 (4.5%).

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hypothyroidism occurred in 20% (91/456) of patients, including Grade 3 (0.4%) and Grade 2 (11%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hypothyroidism occurred in 18% (122/666) of patients, including Grade 3 (0.6%) and Grade 2 (11%).

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. In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, diabetes occurred in 2.7% (15/666) of patients, including Grade 4 (0.6%), Grade 3 (0.3%), and Grade 2 (0.9%).

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%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated nephritis with renal dysfunction occurred in 4.1% (27/666) of patients, including Grade 4 (0.6%), Grade 3 (1.1%), and Grade 2 (2.2%).

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).

Contacts

Bristol Myers Squibb

Media Inquiries:
Media@BMS.com

Investors:
Tim Power

609-252-7509

timothy.power@bms.com

Nina Goworek

908-673-9711

nina.goworek@bms.com

Read full story here

Categories
Local News

PARTS iD, Inc. to report second quarter 2021 results on August 9, 2021

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 second quarter ended June 30, 2021, after the market close on Monday, August 9, 2021. Management will host a conference call that afternoon (August 9, 2021) at 4:30 p.m. ET to discuss the financial results.

 

Investors and analysts interested in participating in the call are invited to dial (877) 407-9129 (domestic) or (201) 493-6753 (international). The conference call will also be available to interested parties through a live webcast at https://www.partsidinc.com/.

 

A telephone replay of the call will be available until August 23, 2021, by dialing (877) 660-6853 (domestic) or (201) 612-7415 (international) and entering the conference identification number: 13721968.

 

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, PARTS iD has since become 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

Categories
Education Local News

D&R Greenway begins two yearlong fellowships with 2021 Princeton University graduates

Two recent graduates of Princeton University were welcomed into one-year Fellowships by D&R Greenway, beginning this summer. These Fellowships are provided in partnership with Princeton’s AlumniCorps Project 55 program. This program offers opportunities for exceptional recent graduates to connect with and work with nonprofits. The AlumniCorps Project 55’s motto is “Launch a life of civic leadership.”

 

This year marks a milestone, with D&R Greenway’s welcoming two Fellows for the first time. Heather Callahan of Delaware and Ayame Whitfield of Massachusetts, both 2021 Princeton University graduates, were selected for these positions. Linda Mead, D&R Greenway’s CEO & President reveals, “Close to a decade ago, the university reached out to D&R Greenway due to significant increases in student interest in environmental careers. Our land trust was chosen so that Princeton University graduates could engage with a local nonprofit devoted to conservation. We are fortunate to have the opportunity to work with smart, thoughtful and proactive young people toward our mission.” D&R Greenway fully supports the positions financially and is grateful to foundation donors for helping to fund this work that mentors future conservation leaders.

 

Ayame Whitfield was awarded an NJA.B., –in History of Science, with a Certificate in the Visual Arts, from Princeton University in May. Ayame served as a Summer 2017 Intern with Princeton Environmental Institute and as Secretary of Ellipses Slam Poetry, from 2019 to 2021, where Ayame was active in planning Ellipses’ poetry events and interacting with a broad range of university offices. As Student House Manager, Richardson Auditorium, Ayame coordinated students and professionals, facilitating concerts and other Richardson presentations. Ayame was responsible for creating newsletters to maintain connections during COVID-19 restrictions. Ayame was an intern in summer 2019, with Policy Matters Ohio, Cleveland, –a public policy non-profit, working to improve lives of working-class Ohio citizens. Ayame will serve D&R Greenway as Volunteer Coordinator. Ayame will use artistic skills to create exhibits and programs for the new museum that D&R Greenway Land Trust will open at Point Breeze, former Joseph Napoleon Bonaparte estate, in Bordentown, New Jersey. Ayame notes: “I’m thrilled that my work with D&R Greenway will give me a chance to engage a wide range of my skills and experience, –from art to historical research and writing to volunteer work – and to contribute to the amazing preservation work being done here in New Jersey.”

 

Heather Callahan graduated from Princeton University in 2021 with an A.B. in Ecology and Evolutionary Biology. She comes to D&R Greenway with experience nationally and internationally. For the Delaware Department of Natural Resources and Environmental Control, she worked as their Division of Climate and Energy Intern. Among her challenges was compiling revisions to the Delaware Weatherization Assistance Program’s Field Guide, to be presented to the United States Department of Energy, which is ‘devoted to reimagining and rebuilding America’s energy grid.” At the Mpala Research Center, of Kenya, Heather collected ecological data on local animals, presenting these findings at the 2019 Princeton Environmental Institute Summer of Learning Symposium. For the Smithsonian Tropical Research Institute of Panama, she conducted fieldwork for research courses in tropical biology. Heather’s Princeton Senior Fieldwork included conducting observations and distributing daily surveys investigating the effects of the CORONA virus upon human behavior. She volunteered for SVC El Centro Core, where she created engaging lesson plans to encourage participation in Trenton’s English as a Second Language courses. As a Princeton Young Achievers Volunteer in 2019/20, Heather assisted with after-school programs for low income, mostly Spanish-speaking, students in the town of Princeton. She adds a “working knowledge of Portuguese” to her spoken, auditory and written expertise in Spanish. Heather will be managing D&R Greenway’s new kayak-supported Delaware River education program and overseeing planning for the re-creation of gardens at the former Joseph Bonaparte estate of Point Breeze in Bordentown.

 

Heather reveals, “In the Princeton University Department of Ecology and Evolutionary Biology, I spent a lot of time learning the amazing biodiversity of our planet. However, delving more deeply, I came to realize the myriad of ways in which development threatens, –not only these species–, but also various aspects of human life, –from our food system to our ability to access clean water and recreation spaces. D&R Greenway’s dedication to preserving land in perpetuity will not only protect the biodiversity that I am so passionate about, but also provide the opportunity for New Jerseyans to live healthy, happy lives, even in one of the most densely populated places in the country.”

 

Prior Fellows at D&R Greenway included Allegra Lovejoy, whose work established Capital City Farm in Trenton under D&R Greenway’s guidance; Kelsey Kane-Ritsch who coordinated the first River Days celebrations for the Alliance for Watershed Education of the Delaware River; and Nadeem Demian who expanded D&R Greenway’s community conservation work and established the land trust’s partnership with the Latin American Legal Defense and Education Fund.

 

Most recently, Maria Stahl, the 2020-2021 Fellow, created a series of educational webinars on the Delaware River and assisted the land trust’s stewardship work, engaging family groups with planting of over 1,600 trees during the pandemic. She managed D&R Greenway’s first-ever Masquerade Parade, a successful alternative to trick-or-treating during the pandemic, that will be repeated in 2021.  Maria evaluated her experience at D&R Greenway – “I joined

D&R Greenway as someone passionate about the environment but without much real-world conservation experience. Over the course of the year, I learned so much from everyone at D&R Greenway about all the hard work and passion that is needed to do the work that they do – preserving and protecting land for generations to come. In the midst of the pandemic this was especially important, as more people were utilizing our trails than ever before. Looking back, I am particularly happy that I was able to provide ways for the FUTURO students to be together and collaborate on projects – first with their float for the Masquerade Parade and later with an educational series about the Delaware River Watershed. This was a year like no other, and I feel very fortunate to have spent it with D&R Greenway.”

 

D&R Greenway’s mission to preserve and care for land and to inspire a conservation ethic is furthered by mentoring future leaders, another way that D&R Greenway is having a bigger impact on the environment locally and beyond.

 

BACKGROUND

 

D&R Greenway Land Trust, an accredited nonprofit, has saved nearly 21,200 acres of New Jersey land since its 1989 founding. Preserving land for life and creating public trails grants everyone the opportunity to enjoy the great outdoors. The land trust’s preserved farms and community gardens provide local organic food for neighbors—including those in need. D&R Greenway’s strategic land conservation and stewardship combat climate change, protect wildlife, and ensure clean drinking water for future generations. D&R Greenway’s mission is connecting land with people from all walks of life. D&R Greenway’s Johnson Education Center, home to its art galleries in Princeton, is closed to the public, to ensure health and safety, during the COVID emergency.

 

Our outdoor trails and labyrinth are open. Visit our Facebook and Instagram pages and www.drgreenway.org to learn about the organization’s latest news and virtual programs. D&R Greenway Land Trust, One Preservation Place, Princeton NJ, 08540. The best way to reach D&R Greenway Staff during the COVID pandemic is by e-mail, or by calling                D&R Greenway at 609-578-7470 or info@drgreenway.org.

Categories
Local News Science

Bristol Myers Squibb provides update on CheckMate -651 trial evaluating Opdivo (nivolumab) plus Yervoy (ipilimumab) versus EXTREME regimen as first-line treatment for squamous cell carcinoma of the head and neck

PRINCETON, N.J. — (BUSINESS WIRE) — $BMY #CheckMateBristol Myers Squibb (NYSE: BMY) today announced an update on the Phase 3 CheckMate -651 trial comparing Opdivo (nivolumab) plus Yervoy (ipilimumab) to the EXTREME regimen (cetuximab, cisplatin/carboplatin and fluorouracil) as a first-line treatment in platinum-eligible patients with recurrent or metastatic squamous cell carcinoma of the head and neck (SCCHN). Although Opdivo plus Yervoy showed a clear, positive trend towards overall survival (OS) in patients whose tumors express PD-L1 with a combined positive score (CPS) ≥ 20, the study did not meet its primary endpoints. The safety profile of Opdivo and Yervoy in this trial was consistent with previously reported studies in solid tumors.

Numerous studies have shown long-term survival improvements with the Opdivo plus Yervoy combination across various tumor types, bringing benefit to patients around the world,” said Abderrahim Oukessou, M.D., vice president, thoracic cancers, development lead, Bristol Myers Squibb. “In the CheckMate -651 trial, Opdivo plus Yervoy showed a positive overall survival trend relative to EXTREME in patients with squamous cell carcinoma of the head and neck whose tumors express PD-L1, despite the control arm performing better than expected based on historical data. We are disappointed that these results did not reach statistical significance, and we remain committed to advancing research and supporting patients with this difficult-to-treat cancer.”

 

Opdivo monotherapy previously demonstrated a survival benefit in adults with recurrent or metastatic SCCHN after platinum-based therapy in the CheckMate -141 trial. Based on these results, the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) approved Opdivo for this indication in 2016.

 

In addition, Opdivo plus Yervoy-based combinations have shown significant improvements in OS in six Phase 3 clinical trials in five different tumors to date: non-small cell lung cancer, metastatic melanoma, advanced renal cell carcinoma, malignant pleural mesothelioma and esophageal squamous cell carcinoma.

 

Bristol Myers Squibb thanks the patients and investigators involved in the CheckMate -651 clinical trial. The company will complete a full evaluation of the data and work with investigators to share the results with the scientific community.

 

About CheckMate -651

CheckMate -651 is a Phase 3 randomized, multi-center study evaluating Opdivo 3 mg/kg every two weeks in combination with Yervoy 1 mg/kg every six weeks compared with the EXTREME regimen of cetuximab, cisplatin/carboplatin and fluorouracil as a first-line treatment in patients with recurrent or metastatic squamous cell carcinoma of the head and neck (SCCHN). The dual primary endpoints of the trial are overall survival (OS) in the all-randomized (i.e. intent-to-treat) population and OS in patients whose tumors express PD-L1 with a CPS ≥ 20. Secondary endpoints include OS in patients with PD-L1-expressing tumors at different cut-off values, objective response rate, duration of response and progression-free survival in all patients and in those with PD-L1-expressing tumors.

 

About Head & Neck Cancer

Head and neck cancer refers to a group of cancers that start in the head and neck, usually in the squamous cells that line the moist mucosal surfaces in this region of the body, like those on the inside of the mouth, nose and throat. Head and neck cancer is the sixth most common cancer globally, with an estimated 930,000 new cases diagnosed and more than 467,000 related deaths per year. Squamous cell carcinoma of the head and neck (SCCHN) accounts for more than 90% of all head and neck cancers. Risk factors for SCCHN can be behavioral, including tobacco or alcohol consumption, or viral, related to human papillomavirus (HPV).

 

Bristol Myers Squibb: Creating a Better Future for People with Cancer

Bristol Myers Squibb is inspired by a single vision — transforming patients’ lives through science. The goal of the company’s cancer research is to deliver medicines that offer each patient a better, healthier life and to make cure a possibility. Building on a legacy across a broad range of cancers that have changed survival expectations for many, Bristol Myers Squibb researchers are exploring new frontiers in personalized medicine, and through innovative digital platforms, are turning data into insights that sharpen their focus. Deep scientific expertise, cutting-edge capabilities and discovery platforms enable the company to look at cancer from every angle. Cancer can have a relentless grasp on many parts of a patient’s life, and Bristol Myers Squibb is committed to taking actions to address all aspects of care, from diagnosis to survivorship. Because as a leader in cancer care, Bristol Myers Squibb is working to empower all people with cancer to have a better future.

 

About Opdivo

Opdivo is a programmed death-1 (PD-1) immune checkpoint inhibitor that is designed to uniquely harness the body’s own immune system to help restore anti-tumor immune response. By harnessing the body’s own immune system to fight cancer, Opdivo has become an important treatment option across multiple cancers.

 

Opdivo’s leading global development program is based on Bristol Myers Squibb’s scientific expertise in the field of Immuno-Oncology and includes a broad range of clinical trials across all phases, including Phase 3, in a variety of tumor types. To date, the Opdivo clinical development program has treated more than 35,000 patients. The Opdivo trials have contributed to gaining a deeper understanding of the potential role of biomarkers in patient care, particularly regarding how patients may benefit from Opdivo across the continuum of PD-L1 expression.

 

In July 2014, Opdivo was the first PD-1 immune checkpoint inhibitor to receive regulatory approval anywhere in the world. Opdivo is currently approved in more than 65 countries, including the United States, the European Union, Japan and China. In October 2015, the Company’s Opdivo and Yervoy combination regimen was the first Immuno-Oncology combination to receive regulatory approval for the treatment of metastatic melanoma and is currently approved in more than 50 countries, including the United States and the European Union.

 

About Yervoy

Yervoy is a recombinant, human monoclonal antibody that binds to the cytotoxic T-lymphocyte-associated antigen-4 (CTLA-4). CTLA-4 is a negative regulator of T-cell activity. Yervoy binds to CTLA-4 and blocks the interaction of CTLA-4 with its ligands, CD80/CD86. Blockade of CTLA-4 has been shown to augment T-cell activation and proliferation, including the activation and proliferation of tumor infiltrating T-effector cells. Inhibition of CTLA-4 signaling can also reduce T-regulatory cell function, which may contribute to a general increase in T-cell responsiveness, including the anti-tumor immune response. On March 25, 2011, the U.S. Food and Drug Administration (FDA) approved Yervoy 3 mg/kg monotherapy for patients with unresectable or metastatic melanoma. Yervoy is approved for unresectable or metastatic melanoma in more than 50 countries. There is a broad, ongoing development program in place for Yervoy spanning multiple tumor types.

 

INDICATIONS

OPDIVO® (nivolumab), as a single agent, is indicated for the treatment of patients with unresectable or metastatic melanoma.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of patients with unresectable or metastatic melanoma.

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) is indicated for the treatment of patients with metastatic non-small cell lung cancer (NSCLC) with progression on or after platinum-based chemotherapy. Patients with EGFR or ALK genomic tumor aberrations should have disease progression on FDA-approved therapy for these aberrations prior to receiving OPDIVO.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the first-line treatment of adult patients with unresectable malignant pleural mesothelioma (MPM).

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the first-line treatment of patients with intermediate or poor risk advanced renal cell carcinoma (RCC).

OPDIVO® (nivolumab), in combination with cabozantinib, is indicated for the first-line treatment of patients with advanced renal cell carcinoma (RCC).

OPDIVO® (nivolumab) is indicated for the treatment of patients with advanced renal cell carcinoma (RCC) who have received prior anti-angiogenic therapy.

OPDIVO® (nivolumab) is indicated for the treatment of adult patients with classical Hodgkin lymphoma (cHL) that has relapsed or progressed after autologous hematopoietic stem cell transplantation (HSCT) and brentuximab vedotin or after 3 or more lines of systemic therapy that includes autologous HSCT. This indication is approved under accelerated approval based on overall response rate. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab) is indicated for the treatment of patients with recurrent or metastatic squamous cell carcinoma of the head and neck (SCCHN) with disease progression on or after platinum-based therapy.

OPDIVO® (nivolumab) is indicated for the treatment of patients with locally advanced or metastatic urothelial carcinoma who have disease progression during or following platinum-containing chemotherapy or have disease progression within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy. This indication is approved under accelerated approval based on tumor response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab), as a single agent, is indicated for the treatment of adult and pediatric (12 years and older) patients with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (CRC) that has progressed following treatment with a fluoropyrimidine, oxaliplatin, and irinotecan. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of adults and pediatric patients 12 years and older with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (CRC) that has progressed following treatment with a fluoropyrimidine, oxaliplatin, and irinotecan. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trials.

OPDIVO® (nivolumab) is indicated for the treatment of patients with hepatocellular carcinoma (HCC) who have been previously treated with sorafenib. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

OPDIVO® (nivolumab), in combination with YERVOY® (ipilimumab), is indicated for the treatment of patients with hepatocellular carcinoma (HCC) who have been previously treated with sorafenib. This indication is approved under accelerated approval based on overall response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

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

OPDIVO® (nivolumab) is indicated for the treatment of patients with unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma (ESCC) after prior fluoropyrimidine- and platinum-based chemotherapy.

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

OPDIVO® (nivolumab), in combination with fluoropyrimidine- and platinum-containing chemotherapy, is indicated for the treatment of patients with advanced or metastatic gastric cancer, gastroesophageal junction cancer, and esophageal adenocarcinoma.

 

 

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 patients receiving OPDIVO 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated pneumonitis occurred in 7% (31/456) of patients, including Grade 4 (0.2%), Grade 3 (2.0%), and Grade 2 (4.4%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated pneumonitis occurred in 3.9% (26/666) of patients, including Grade 3 (1.4%) and Grade 2 (2.6%). 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.

 

In Checkmate 205 and 039, pneumonitis, including interstitial lung disease, occurred in 6.0% (16/266) of patients receiving OPDIVO. Immune-mediated pneumonitis occurred in 4.9% (13/266) of patients receiving OPDIVO, including Grade 3 (n=1) and Grade 2 (n=12).

 

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%). In patients receiving OPDIVO 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated colitis occurred in 25% (115/456) of patients, including Grade 4 (0.4%), Grade 3 (14%) and Grade 2 (8%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated colitis occurred in 9% (60/666) of patients, including Grade 3 (4.4%) and Grade 2 (3.7%).

 

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%). In patients receiving OPDIVO monotherapy in Checkmate 040, immune-mediated hepatitis requiring systemic corticosteroids occurred in 5% (8/154) of patients. In patients receiving OPDIVO 1 mg/ kg with YERVOY 3 mg/kg every 3 weeks, immune-mediated hepatitis occurred in 15% (70/456) of patients, including Grade 4 (2.4%), Grade 3 (11%), and Grade 2 (1.8%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated hepatitis occurred in 7% (48/666) of patients, including Grade 4 (1.2%), Grade 3 (4.9%), and Grade 2 (0.4%).

 

OPDIVO in combination with cabozantinib can cause hepatic toxicity with higher frequencies of Grade 3 and 4 ALT and AST elevations compared to OPDIVO alone. Consider more frequent monitoring of liver enzymes as compared to when the drugs are administered as single agents. In patients receiving OPDIVO and cabozantinib, Grades 3 and 4 increased ALT or AST were seen in 11% of patients.

 

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, adrenal insufficiency occurred in 8% (35/456), including Grade 4 (0.2%), Grade 3 (2.4%), and Grade 2 (4.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, adrenal insufficiency occurred in 7% (48/666) of patients, including Grade 4 (0.3%), Grade 3 (2.5%), and Grade 2 (4.1%). In patients receiving OPDIVO and cabozantinib, adrenal insufficiency occurred in 4.7% (15/320) of patients, including Grade 3 (2.2%) and Grade 2 (1.9%).

 

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hypophysitis occurred in 9% (42/456), including Grade 3 (2.4%) and Grade 2 (6%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hypophysitis occurred in 4.4% (29/666) of patients, including Grade 4 (0.3%), Grade 3 (2.4%), and Grade 2 (0.9%).

 

In patients receiving OPDIVO monotherapy, thyroiditis occurred in 0.6% (12/1994) of patients, including Grade 2 (0.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, thyroiditis occurred in 2.7% (22/666) of patients, including Grade 3 (4.5%) and Grade 2 (2.2%).

 

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hyperthyroidism occurred in 9% (42/456) of patients, including Grade 3 (0.9%) and Grade 2 (4.2%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hyperthyroidism occurred in 12% (80/666) of patients, including Grade 3 (0.6%) and Grade 2 (4.5%).

 

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 1 mg/kg with YERVOY 3 mg/kg every 3 weeks, hypothyroidism occurred in 20% (91/456) of patients, including Grade 3 (0.4%) and Grade 2 (11%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, hypothyroidism occurred in 18% (122/666) of patients, including Grade 3 (0.6%) and Grade 2 (11%).

 

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. In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, diabetes occurred in 2.7% (15/666) of patients, including Grade 4 (0.6%), Grade 3 (0.3%), and Grade 2 (0.9%).

 

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%). In patients receiving OPDIVO 3 mg/kg with YERVOY 1 mg/kg every 3 weeks, immune-mediated nephritis with renal dysfunction occurred in 4.1% (27/666) of patients, including Grade 4 (0.6%), Grade 3 (1.1%), and Grade 2 (2.2%).

 

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.

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