Categories
Business

AM Best revises outlooks to positive for Ardellis Insurance Ltd.

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ardellis Insurance Ltd. (Ardellis) (Bermuda).

These Credit Ratings (ratings) reflect Ardellis’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Ardellis’ ultimate parent is UFP Industries, Inc. (UFP). Ardellis provides reimbursement coverage for workers’ compensation, medical stop-loss, general liability, auto liability and property to its parent. In addition, Ardellis assumes medical stop-loss exposure from third parties.

The revision of the outlooks to positive reflects Ardellis’ favorable operating performance, with loss and expense ratio metrics outperforming the general property/casualty industry over several years. The favorable loss ratios are attributable to Ardellis’ underwriting expertise and a consistent approach to loss control and safety practices. The low expense ratios reflect the company’s low overhead. Approximately 40% of the company’s net written premiums currently come from its parent and the remainder from third party medical stop-loss. Ardellis experienced rapid growth in its third party medical stop-loss business over several recent years; however, this growth has moderated more recently. Both the affiliated business and the third party business are currently profitable.

AM Best expects Ardellis’ balance sheet strength to remain very strong, supported by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best considers the company’s ERM framework and risk management capabilities appropriate for its risk profile. Further, Ardellis benefits from being an integral part of its ultimate parent’s ERM framework.

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

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

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Adrienne Stark
Senior Financial Analyst
+1 908 439 2200, ext. 5526
adrienne.stark@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jieqiu Fan
Senior Financial Analyst
+1 908 439 2200, ext. 5372
jieqiu.fan@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Categories
Business Technology

Goose Island UK and AeroFarms partner to launch Hail Hydro, a session IPA, to advance sustainable brewing

Brewed with hops grown indoors by AeroFarms and its proprietary vertical farming technology platform

 

NEWARK, N.J. — (BUSINESS WIRE) — Goose Island UK and AeroFarms®, a certified B Corporation and leader in indoor vertical farming have unveiled today Hail Hydro – a brand new session IPA made from groundbreaking hydroponic hops grown indoors by AeroFarms, who is focused on elevating agriculture around the world and helping address some of our most pressing agriculture supply-chain challenges.


Hail Hydro is the latest beer in Goose Island’s Impossible IPA series – a new selection of beers which embrace the creation of new recipes using innovative hops and techniques. The 4.7% hazy session IPA utilizes hydroponic hops grown at AeroFarms’ global headquarters in Newark, New Jersey, U.S.A., where AeroFarms has over 100,000 square feet of indoor vertical farming for both commercial and R&D production, utilizing methods that can yield up to 390 times greater productivity annually, while using up to 95% less water and zero pesticides versus traditional field farming.

Skipping the soil, the hydro-cascade hops are submerged in a growing medium that supports and nourishes the roots of the plant with nutrient-rich water through AeroFarms’ indoor vertical farming technology platform. This method allows hops to be grown anywhere in the world, at any time of the year with consistent results, and to generate higher yields with fewer resources. With growing seasons and outdoor climate conditions in a major flux right now, hydroponic hops grown in AeroFarms indoor vertical farms for elevated resilience and flavor are undoubtedly the future, and a groundbreaking development in the beer world.

In terms of flavor notes, the beer packs a refreshing citrus punch with hints of lemon and lime, hitting all the right notes when it comes to Session IPAs, clocking in at a delicious 4.7% abv. Fresh and zingy, it tastes as bright as the future of agriculture. Consumers will be able to scan a QR code on the can’s packaging that will take them to a farm tour of AeroFarms’ unique growing indoor vertical technology.

Hail Hydro is available in limited supply now, only on the Goose Island UK Webstore. www.gooseislandshop.com

“Hydroponically cultivated hops are an exciting prospect, and the potential innovation opportunities and sustainable benefits are exciting for the craft community,” said Joe Bevan Innovation Brewer Goose Island UK. “Brewing with the cascade was a new experience for us! We saw zingy lime, soft lemon, and a subtle resinous from the hydroponically grown hops.”

“AeroFarms is proud to have partnered with Goose Island UK and the broader Anheuser-Busch InBev team for more than a year to demonstrate our unique growing capabilities,” commented David Rosenberg, Co Founder & CEO of AeroFarms. “We have succeeded in growing mature hops as well as propagating high-quality rhizomes, designed to improve field production of hops. The hops used in Hail Hydro were grown in our completely controlled environment, hydroponically with no pesticides, using blue and white lights in place of sunlight to grow the best plants possible. It has been an incredible partnership, bringing their long-time expertise in quality brewing to our research commercialization collaboration. Together, AeroFarms’ R&D group and Goose Island UK are demonstrating the promise of a new premium product, pairing master brewing with premium hops that can be grown year-round indoors.”

About Goose Island

Established in Chicago in 1988, Goose Island is known for award winning, expertly crafted beers. From flagship brews like the award-winning Goose IPA to Bourbon County Brand Stout, Goose Island endeavors to brew beers worthy of conversations, debates and celebrations – we don’t need to be the only beer you drink, we just want to be the best beer you drink.

About AeroFarms

Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions in Food, AeroFarms patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety, and productivity while using up to 95% less water and no pesticides ever versus traditional field farming. AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. In addition, through its proprietary growing technology platform, AeroFarms has grown over 550 varieties, has innovated in speed breeding, and has developed multi-year strategic partnerships ranging from government to major Fortune 500 companies to help uniquely solve agriculture supply chain needs. For additional information, visit: https://aerofarms.com/.

On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol “ARFM”. Additional information about the transaction can be viewed here: https://aerofarms.com/investors/.

No Offer or Solicitation

This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and AeroFarms or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

Forward Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “contemplate,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding Spring Valley’s proposed acquisition of AeroFarms are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly Report on Form 10-Q, final prospectus dated November 25, 2020 and definitive proxy statement/prospectus dated July 26, 2021 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley’s and AeroFarms’ assessments to change. However, while Spring Valley and AeroFarms may elect to update these forward-looking statements at some point in the future, Spring Valley and AeroFarms specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and AeroFarms’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

Goose Island Media Contact at The Zeitgeist Agency – Elliot.Mitchell@zeitgeist.co.uk
AeroFarms Media Contact – MarcOshima@AeroFarms.com
AeroFarms IR Contact – Jeff.Sonnek@icrinc.com

Categories
Healthcare Sports & Gaming

NIMBL launches first-to-market subscription programs for muscle recovery products & education

Market Disruptor Subscription Approach Offers Fitness Professionals, Corporations, Universities, PT Clinics, Sports Teams and Individuals Affordable Access to Percussion Guns, Muscle Recovery Instruction, Custom Movement Plans and Certification Courses.


NEW YORK — (BUSINESS WIRE) — #businessdisruptionNIMBL, Inc. on Tuesday announced the introduction of the first-to-market muscle recovery subscription programs. The offerings combine world-class percussion devices, education and customized movement plans to help increase performance and prevent injuries.

 

While percussion gun use is now common at gyms, physical therapy offices, and on NBA and NFL sidelines, the high cost of premium devices keeps them out of reach for many corporations, organizations and individuals.

 

“At NIMBL, we want to democratize muscle wellness and make it accessible to everyone, including athletes, weekend warriors, line-workers, soldiers, corporations and anyone looking to improve movement,” said Pete Brand, CEO and Co-Founder of NIMBL.

 

“By lowering the barriers to entry, NIMBL subscriptions provide access and value through a focus on muscle percussion education and elite products,” he added.

 

NIMBL is leading the industry by introducing a completely new model that eliminates sticker shock with affordable subscription programs that tailor individual movement plans to help virtually anyone perform better and reduce pain.

 

Education and content are foundational to NIMBL subscriptions with the overarching goal to help people move better. For fitness experts, trainers and physical therapists, the NIMBL Fit Pro subscription includes the leading certification courses in the space, education workshops, an on-demand video library and a commercial-grade NIMBL XLR8 percussion gun.

 

For the consumer audience, NIMBL offers two subscription tiers, both of which create a personalized movement plan (PMP), an on-demand movement video library and either a NIMBL XLR8 percussion gun or the top-selling compact XPRS percussion gun.

 

While the fitness market is a huge opportunity, Josh Brand, co-founder of NIMBL, sees a larger play: “Regardless of white-collar or blue-collar, athletic or not, chances are you have your pain points or areas you want to improve.

 

“Through the proper use of percussion, improved movement can be achieved. We envision NIMBL membership to be commonplace throughout corporations across the world, supporting the gig economy and part of the uniform to police, military and athletes everywhere. Our subscribers will receive the best percussion device on the market and the information they need to achieve the results they expect. Our no questions asked subscription policy demonstrates our confidence in what will be achieved.”

 

The NIMBL Fit Pro subscription includes:

  • The commercial-grade NIMBL XLR8 Percussion gun, $369 value
  • Percussion Certification Course earning valuable continuing education credits with ISSA, NSCA, NASM, a $129 value
  • Quarterly Workshops
  • On-demand custom video content
  • Advisory consultation

 

The NIMBL Elite and NIMBL Plus subscriptions are geared to the consumer seeking to move, feel and perform better and includes:

  • The original commercial-grade NIMBL XLR8 Percussion gun (Elite plan), a $369 value or the record-selling compact NIMBL XPRS Percussion (Plus plan) gun, a $199 value.
  • Movement evaluation and plan
  • On-demand movement video library and instruction
  • Regular workshops
  • Chat with movement specialists

 

NIMBL, Inc. (www.joinnimbl.com), the muscle wellness company, packages percussion therapy products and personalized education programs into cost-effective subscription programs. The company serves fitness organizations, sports teams, physical therapists, corporate wellness programs and individuals worldwide. Founded in 2020, NIMBL is privately held with headquarters in Holmdel, New Jersey.

Contacts

NIMBL, Inc., New York

Tom Becktold, Chief Marketing Officer

tom@nimblinc.com or 310-866-6366

Categories
Business Technology

TrueFort secures strategic financing from Ericsson Ventures for Zero Trust application protection platform

Swedish Multinational Networking and Telecommunications Company is Also a Customer

WEEHAWKEN, N.J. — (BUSINESS WIRE) — #applicationprotectionTrueFort, the zero trust application protection company, today announced it has secured a strategic investment from Ericsson Ventures as part of its recent $30M Series B round of financing. The global networking and telecommunications company is also using the TrueFort Fortress platform to protect its applications from security threats.

“TrueFort has developed a new approach that addresses a missing link in enterprise security by focusing on application, not infrastructure, protection,” said Albert Kim, Vice President and Head of Ericsson Ventures. “We were impressed with the company’s management team and the large addressable market for Zero Trust security they are serving.”

Traditional security products have focused on protecting underlying IT infrastructure from threats but the success of attackers in executing ransomware, supply chain and phishing attacks shows that there are still significant gaps in security coverage. TrueFort fills this void, offering Zero Trust protection for enterprise applications and workloads that are the gateway to sensitive data and, increasingly, the target of attackers. The company’s Fortress platform leverages patented behavioral analysis and machine intelligence to help organizations better understand their applications’ trusted behaviors to fend off attacks in real-time.

“In addition to being an early TrueFort customer, the decision by Ericsson to invest in our latest financing round is powerful validation that they consider our technology a strategic asset to their business,” said Sameer Malhotra, co-founder and CEO of TrueFort. “We are extremely pleased to have Ericsson as a customer and welcome them as an investor.”

TrueFort is coming off a strong year of market demand and industry accolades. The company experienced year-over-year bookings growth of 650% and a 260% growth in ARR. The company was recently named a 2021 finalist in the Black Unicorn Awards which recognize companies with the potential of being valued at $1 billion, as well as a Top 25 Cybersecurity Company, and a Red Herring North America Top 100 company. The TrueFort Fortress platform has also won multiple awards, including the 2021 Global InfoSec Award at the RSA Conference for Cutting Edge Vendor in Cloud Workload Protection and the Gold 2021 Cybersecurity Excellence Award for Cloud Workload Protection.

About TrueFort

TrueFort is the leader in delivering zero trust protection for critical applications. Leveraging unique real-time, adaptive trust, and cloud-to-ground capabilities, TrueFort’s Fortress platform detects and contains security threats before they become business risks. Founded by former IT executives from Bank of America and Goldman Sachs, leading global enterprises trust TrueFort to deliver unprecedented application visibility and security. For more information visit https://truefort.com and follow us on LinkedIn and Twitter.

Contacts

Media Contact:
Marc Gendron

Marc Gendron PR for TrueFort

617.877.7480

marc@mgpr.net

Categories
Business Technology

Birdzi’s latest VISPER results reveal retailers blazing a path to the future of strategic, hyper-personalized marketing

Leveraging product catalog insights and shopper profiles, Birdzi’s VISPER tool helps local grocers drive an incremental lift in revenue of over 15%

 

ISELIN, N.J. — (BUSINESS WIRE) — #Groceryshop2021Birdzi, the supermarket industry’s most comprehensive customer intelligence and engagement ecosystem, today announced the most recent results from its clients’ VISPER personalization campaigns. Part of Birdzi’s customer intelligence platform, VISPER leverages a retailer’s entire product catalog and customer insights to create specific offers, discounts and communication tailored to each shopper. Since its launch in October of last year, VISPER has benefited major retailers like Weis Markets, Coborn’s and County Market, proving to be a more effective alternative to the weekly ad circular.

Across all Birdzi customers, over 8% of shoppers who receive strategically targeted VISPER offers buy one or more items versus the 4.5% of shoppers who buy one or more items from weekly circulars. This results in an incremental lift of over 15% versus the less than 1% generated by weekly circulars. In addition, Birdzi customers have seen a significant return on investment from VISPER campaigns, which is driven by increases in customer engagement and shopper behavior. Results include:

  • 38.2% growth in the number of categories shopped
  • 23.6% growth in the number of trips per shopper
  • 16.6% growth in the spend per shopper
  • 12.1% growth in shoppers who activated an offer for the first time
  • 11.8% growth in the number of shoppers

 

Leveraging big data and machine learning, VISPER helps retailers create one-to-one personalized customer experiences via email, direct mail or even print-on-receipt. Key benefits include:

  • Entire product catalog access: Use the entire store product catalog as the “offer pool,” making use of more than 40,000+ products on average across the store.
  • Retailer-funded discounts: Assume responsibility for marketing efforts, while increasing return on investment to help fund personalized discounts.
  • Automated processes: Automate each step of the VISPER process, from audience creation to recommended promotions for each customer to campaign execution.
  • Individualized strategies: Grow lifetime value and engagement by leveraging custom customer audiences and deconstructing shopper profiles to strategically grow value.

 

“At Birdzi, we’re passionate about helping grocers re-create the personalized experience of the past using the AI-powered technology of the future,” said Shekar Raman, CEO and founder, Birdzi. “VISPER has been a key tool to meeting this goal, delivering savings customers truly desire while providing real financial value for our retail customers.”

 

Raman spoke about how VISPER and strategic, automated personalized marketing is transforming the grocery industry during “The Path to Retail 4.0: Get Ready or Get Left Behind,” a Center for Advancing Retail (CART) event during the NGA Show on Sunday, Sept. 19 from 1:00 – 3:30 pm MT. Raman will also join Gary Hawkins, strategic advisor at Birdzi and CEO at CART, and Ron Bonacci, VP of marketing and advertising at Weis Markets, for “Workshop: Data and Personalization: Effective Personalization Tactics” at GroceryShop on Monday, Sept. 20 from 9:55 – 10:35 am MT.

 

About Birdzi

Birdzi was founded with a vision to make the shopping experience “Smart, Personal and Seamless” for the shopper, while empowering retailers and brands to easily and intelligently connect with the shopper at the right time and place with the right message. For more information, visit: https://www.birdzi.com.

Contacts

Kirsty Goodlett

Ketner Group Communications (for Birdzi)

kirsty@ketnergroup.com
(203) 249-5994

Categories
Business Education

The Harvard Coop celebrates grand re-opening of its flagship store after extensive renovations

BASKING RIDGE, N.J. — (BUSINESS WIRE) — The Harvard Cooperative Society (The Coop) celebrated its grand re-opening of the newly renovated Harvard Coop Bookstore. Located at 1400 Massachusetts Avenue in Harvard Square, the bookstore held a ribbon-cutting ceremony on September 9, followed by a weekend of celebrations.


Reimagining The Coop

Planning the renovation of the historic bookstore began more than one year ago, and despite the disruptions presented by the COVID-19 pandemic, construction was completed within eight months. Barnes & Noble College partnered with The Coop on the renovations and managed the operations of the bookstore. The $6 million renovation will provide a better, more exciting customer shopping experience and includes new flooring, lighting, retail fixtures, a community event space as well as new heating and air conditioning systems, and a new elevator. Harvard Crimson is prominently displayed throughout the store as well as graphics of historic moments in Harvard University’s history that give a fresh, new look to The Coop.

 

The three-story, 28,550 square-foot building was built in 1924 in the Colonial Revival style and now features a wide selection of high-quality Harvard-branded apparel and merchandise as well as textbooks, trade books and school supplies.

 

Founded in 1882 in a student dorm in Harvard Yard, The Coop is one of the oldest and largest college bookstores in the United States. The bookstore is open 8am – 9pm Monday – Saturday and 10am – 6pm on Sunday. For more information on the bookstore, visit The Coop website at www.store.thecoop.com/harvard/

 

ABOUT BARNES & NOBLE EDUCATION, INC.

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, a digital direct-to-student learning ecosystem, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better, more inclusive and smarter world. For more information, visit www.bned.com.

Contacts

Media:
Carolyn J. Brown

Senior Vice President, Corporate Communications & Public Affairs

908-991-2967

cbrown@bned.com

Categories
Healthcare Science

Merck’s KEYTRUDA® (pembrolizumab) demonstrated superior Recurrence-Free Survival (RFS) in patients with resected high-risk stage II melanoma compared to placebo in the adjuvant setting

KEYTRUDA Reduced the Risk of Recurrence or Death by 35% Compared to Placebo and Is the First Anti-PD-1 Therapy to Improve RFS in the Adjuvant Setting for Resected High-Risk Stage II Melanoma

Results From Phase 3 KEYNOTE-716 Trial Selected for Presentation During Presidential Symposium and Official Press Program at ESMO Congress 2021

 

KENILWORTH, N.J. — (BUSINESS WIRE) — $MRK #MRK–Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced the first results from the Phase 3 KEYNOTE-716 trial, in which adjuvant treatment with KEYTRUDA, Merck’s anti-PD-1 therapy, showed a statistically significant and clinically meaningful improvement in recurrence-free survival (RFS), the trial’s primary endpoint, compared to placebo in patients with resected high-risk stage II melanoma; KEYTRUDA is the first anti-PD-1 therapy to demonstrate this.

At the first interim analysis, KEYTRUDA reduced the risk of disease recurrence or death by 35% (HR=0.65 [95% CI, 0.46–0.92]; p=0.00658) compared to placebo. Median RFS had not been reached for either group at the time of this analysis. After 14.4 months follow-up, 11.1% (n=54/487) of patients on KEYTRUDA had recurrence or died compared with 16.8% (n=82/489) of patients on placebo, with fewer distant recurrences with KEYTRUDA (4.7%, n=23/487) versus placebo (7.8%, n=38/489).

We conducted KEYNOTE-716 to explore whether adjuvant KEYTRUDA, an approved adjuvant treatment option across all resected stage III melanoma, could prolong recurrence-free survival for patients with resected high-risk stage II disease,” said Dr. Roy Baynes, senior vice president and head of global clinical development, chief medical officer, Merck Research Laboratories. “These findings of a significant 35% reduction in the risk of disease recurrence or death compared to placebo support earlier intervention with KEYTRUDA. We are pleased that these findings have been accepted for priority review by the FDA, and we are grateful to the investigators and patients for their involvement in this important study.”

The safety profile of KEYTRUDA was consistent with previously reported studies in patients with solid tumors. Treatment-related adverse events (TRAEs) occurred in 79.9.% of patients who received KEYTRUDA versus 60.9% of patients who received placebo, while Grade 3 or 4 TRAEs were observed in 16.1% versus 4.3% of patients, respectively.

Patients diagnosed with stage IIB and IIC melanoma have a high risk of recurrence after complete resection and similar five-year survival outcomes as those with stage IIIA and IIIB disease, but because there are no systemic treatment options available, the standard of care is observation,” said Dr. Jason Luke, director, Cancer Immunotherapeutics Center at UPMC Hillman Cancer Center. “The encouraging results from KEYNOTE-716 show that adjuvant treatment with pembrolizumab was associated with a significant reduction in disease recurrence or death versus placebo for patients with resected high-risk stage II melanoma and, if approved, may offer these patients a new treatment option.”

These late-breaking data from KEYNOTE-716 are being presented today at the European Society for Medical Oncology (ESMO) Congress 2021 (Abstract #LBA3) and are being featured as part of the official ESMO press program.

Finding cancer at an earlier stage may give patients a greater chance of long-term survival. Many cancers are considered most treatable and potentially curable in their earliest stage of disease. Building on the strong understanding of the role of KEYTRUDA in later stage cancers, Merck is studying KEYTRUDA in earlier disease states, with approximately 20 registrational studies ongoing across multiple types of cancer.

A compendium of presentations and posters of Merck-led studies is available here. Follow Merck on Twitter via @Merck, and keep up to date with ESMO news and updates by using the hashtag #ESMO21.

Study Design

KEYNOTE-716 is a randomized, two-part, Phase 3 trial (ClinicalTrials.gov, NCT03553836) evaluating KEYTRUDA for the adjuvant treatment of patients with resected high-risk stage II melanoma. The primary endpoint is RFS, and the secondary endpoints include distant metastasis-free survival, overall survival and safety. Exploratory endpoints included quality of life.

In Part 1 of the study, which was double-blind, patients age 12 and older were randomized (1:1) to receive KEYTRUDA, 200 mg by intravenous [IV] infusion for adult patients or 2 mg/kg [200 mg maximum] by IV for pediatric patients, (n=487) or placebo (n=489) every three weeks for up to 17 cycles (approximately one year). In Part 2 of the study, which was open-label, eligible adult and pediatric patients received up to 35 additional cycles (approximately two years) of KEYTRUDA. Eligibility for Part 2 included patients who recurred after receiving placebo or completed 17 cycles of KEYTRUDA; patients on KEYTRUDA must not have experienced disease recurrence within six months of completing treatment.

Among enrolled patients in each treatment group, approximately 64% had stage IIB disease (n=309/487 for KEYTRUDA; n=316/489 for placebo), and approximately 35% had stage IIC disease (n=171/487 for KEYTRUDA; n=169/489 for placebo).

About Melanoma

Melanoma, the most serious form of skin cancer, is characterized by the uncontrolled growth of pigment-producing cells. The rates of melanoma have been rising over the past few decades, with nearly 325,000 new cases diagnosed worldwide in 2020. The recurrence rates for resected melanoma are estimated to be 32-46% for patients with stage IIB and stage IIC and 44-74% for patients with stage III. The five-year survival rates (AJCC eighth edition) are estimated to be 87% in stage IIB, 82% in stage IIC, 93% in stage IIIA and 83% in stage IIIB.

About KEYTRUDA® (pembrolizumab) Injection, 100 mg

KEYTRUDA is an anti-programmed death receptor-1 (PD-1) therapy that works by increasing the ability of the body’s immune system to help detect and fight tumor cells. KEYTRUDA is a humanized monoclonal antibody that blocks the interaction between PD-1 and its ligands, PD-L1 and PD-L2, thereby activating T lymphocytes which may affect both tumor cells and healthy cells.

Merck has the industry’s largest immuno-oncology clinical research program. There are currently more than 1,600 trials studying KEYTRUDA across a wide variety of cancers and treatment settings. The KEYTRUDA clinical program seeks to understand the role of KEYTRUDA across cancers and the factors that may predict a patient’s likelihood of benefitting from treatment with KEYTRUDA, including exploring several different biomarkers.

Selected KEYTRUDA® (pembrolizumab) Indications in the U.S.

Melanoma

KEYTRUDA is indicated for the treatment of patients with unresectable or metastatic melanoma.

KEYTRUDA is indicated for the adjuvant treatment of patients with melanoma with involvement of lymph node(s) following complete resection.

Non-Small Cell Lung Cancer

KEYTRUDA, in combination with pemetrexed and platinum chemotherapy, is indicated for the first-line treatment of patients with metastatic nonsquamous non-small cell lung cancer (NSCLC), with no EGFR or ALK genomic tumor aberrations.

KEYTRUDA, in combination with carboplatin and either paclitaxel or paclitaxel protein-bound, is indicated for the first-line treatment of patients with metastatic squamous NSCLC.

KEYTRUDA, as a single agent, is indicated for the first-line treatment of patients with NSCLC expressing PD-L1 [tumor proportion score (TPS) ≥1%] as determined by an FDA-approved test, with no EGFR or ALK genomic tumor aberrations, and is:

  • stage III where patients are not candidates for surgical resection or definitive chemoradiation, or
  • metastatic.

KEYTRUDA, as a single agent, is indicated for the treatment of patients with metastatic NSCLC whose tumors express PD-L1 (TPS ≥1%) as determined by an FDA-approved test, with disease progression on or after platinum-containing chemotherapy. Patients with EGFR or ALK genomic tumor aberrations should have disease progression on FDA-approved therapy for these aberrations prior to receiving KEYTRUDA.

Head and Neck Squamous Cell Cancer

KEYTRUDA, in combination with platinum and fluorouracil (FU), is indicated for the first-line treatment of patients with metastatic or with unresectable, recurrent head and neck squamous cell carcinoma (HNSCC).

KEYTRUDA, as a single agent, is indicated for the first-line treatment of patients with metastatic or with unresectable, recurrent HNSCC whose tumors express PD-L1 [combined positive score (CPS ≥1)] as determined by an FDA-approved test.

KEYTRUDA, as a single agent, is indicated for the treatment of patients with recurrent or metastatic HNSCC with disease progression on or after platinum-containing chemotherapy.

Classical Hodgkin Lymphoma

KEYTRUDA is indicated for the treatment of adult patients with relapsed or refractory classical Hodgkin lymphoma (cHL).

KEYTRUDA is indicated for the treatment of pediatric patients with refractory cHL, or cHL that has relapsed after 2 or more lines of therapy.

Primary Mediastinal Large B-Cell Lymphoma

KEYTRUDA is indicated for the treatment of adult and pediatric patients with refractory primary mediastinal large B-cell lymphoma (PMBCL), or who have relapsed after 2 or more prior lines of therapy. KEYTRUDA is not recommended for treatment of patients with PMBCL who require urgent cytoreductive therapy.

Urothelial Carcinoma

KEYTRUDA is indicated for the treatment of patients with locally advanced or metastatic urothelial carcinoma (mUC):

  • who are not eligible for any platinum-containing chemotherapy, or
  • who have disease progression during or following platinum-containing chemotherapy or within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy.

KEYTRUDA is indicated for the treatment of patients with Bacillus Calmette-Guerin-unresponsive, high-risk, non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ with or without papillary tumors who are ineligible for or have elected not to undergo cystectomy.

Microsatellite Instability-High or Mismatch Repair Deficient Cancer

KEYTRUDA is indicated for the treatment of adult and pediatric patients with unresectable or metastatic microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) solid tumors that have progressed following prior treatment and who have no satisfactory alternative treatment options.

This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials. The safety and effectiveness of KEYTRUDA in pediatric patients with MSI-H central nervous system cancers have not been established.

Microsatellite Instability-High or Mismatch Repair Deficient Colorectal Cancer

KEYTRUDA is indicated for the treatment of patients with unresectable or metastatic MSI-H or dMMR colorectal cancer (CRC).

Gastric Cancer

KEYTRUDA, in combination with trastuzumab, fluoropyrimidine- and platinum-containing chemotherapy, is indicated for the first-line treatment of patients with locally advanced unresectable or metastatic HER2-positive gastric or gastroesophageal junction (GEJ) adenocarcinoma.

This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

Esophageal Cancer

KEYTRUDA is indicated for the treatment of patients with locally advanced or metastatic esophageal or GEJ (tumors with epicenter 1 to 5 centimeters above the GEJ) carcinoma that is not amenable to surgical resection or definitive chemoradiation either:

  • in combination with platinum- and fluoropyrimidine-based chemotherapy, or
  • as a single agent after one or more prior lines of systemic therapy for patients with tumors of squamous cell histology that express PD-L1 (CPS ≥10) as determined by an FDA-approved test.

Cervical Cancer

KEYTRUDA is indicated for the treatment of patients with recurrent or metastatic cervical cancer with disease progression on or after chemotherapy whose tumors express PD-L1 (CPS ≥1) as determined by an FDA-approved test. This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

Hepatocellular Carcinoma

KEYTRUDA 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 tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

Merkel Cell Carcinoma

KEYTRUDA is indicated for the treatment of adult and pediatric patients with recurrent locally advanced or metastatic Merkel cell carcinoma (MCC). This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials.

Renal Cell Carcinoma

KEYTRUDA, in combination with axitinib, is indicated for the first-line treatment of adult patients with advanced renal cell carcinoma.

Tumor Mutational Burden-High Cancer

KEYTRUDA is indicated for the treatment of adult and pediatric patients with unresectable or metastatic tumor mutational burden-high (TMB-H) [≥10 mutations/megabase] solid tumors, as determined by an FDA-approved test, that have progressed following prior treatment and who have no satisfactory alternative treatment options. This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in the confirmatory trials. The safety and effectiveness of KEYTRUDA in pediatric patients with TMB-H central nervous system cancers have not been established.

Cutaneous Squamous Cell Carcinoma

KEYTRUDA is indicated for the treatment of patients with recurrent or metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC that is not curable by surgery or radiation.

Triple-Negative Breast Cancer

KEYTRUDA is indicated for the treatment of patients with high-risk early-stage triple-negative breast cancer (TNBC) in combination with chemotherapy as neoadjuvant treatment, and then continued as a single agent as adjuvant treatment after surgery.

KEYTRUDA, in combination with chemotherapy, is indicated for the treatment of patients with locally recurrent unresectable or metastatic TNBC whose tumors express PD-L1 (CPS ≥10) as determined by an FDA-approved test.

Selected Important Safety Information for KEYTRUDA

Severe and Fatal Immune-Mediated Adverse Reactions

KEYTRUDA is a monoclonal antibody that belongs to a class of drugs that bind to either the PD-1 or the PD-L1, blocking the PD-1/PD-L1 pathway, thereby removing inhibition of the immune response, potentially breaking peripheral tolerance and inducing immune-mediated adverse reactions. Immune-mediated adverse reactions, which may be severe or fatal, can occur in any organ system or tissue, can affect more than one body system simultaneously, and can occur at any time after starting treatment or after discontinuation of treatment. Important immune-mediated adverse reactions listed here may not include all possible severe and fatal immune-mediated adverse reactions.

Monitor patients closely for symptoms and signs that may be clinical manifestations of underlying immune-mediated adverse reactions. Early identification and management are essential to ensure safe use of anti–PD-1/PD-L1 treatments. Evaluate liver enzymes, creatinine, and thyroid function at baseline and periodically during treatment. For patients with TNBC treated with KEYTRUDA in the neoadjuvant setting, monitor blood cortisol at baseline, prior to surgery, and as clinically indicated. 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 KEYTRUDA depending on severity of the immune-mediated adverse reaction. In general, if KEYTRUDA requires interruption or discontinuation, 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 adverse reactions are not controlled with corticosteroid therapy.

Immune-Mediated Pneumonitis

KEYTRUDA can cause immune-mediated pneumonitis. The incidence is higher in patients who have received prior thoracic radiation. Immune-mediated pneumonitis occurred in 3.4% (94/2799) of patients receiving KEYTRUDA, including fatal (0.1%), Grade 4 (0.3%), Grade 3 (0.9%), and Grade 2 (1.3%) reactions. Systemic corticosteroids were required in 67% (63/94) of patients. Pneumonitis led to permanent discontinuation of KEYTRUDA in 1.3% (36) and withholding in 0.9% (26) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, 23% had recurrence. Pneumonitis resolved in 59% of the 94 patients.

Pneumonitis occurred in 8% (31/389) of adult patients with cHL receiving KEYTRUDA as a single agent, including Grades 3-4 in 2.3% of patients. Patients received high-dose corticosteroids for a median duration of 10 days (range: 2 days to 53 months). Pneumonitis rates were similar in patients with and without prior thoracic radiation. Pneumonitis led to discontinuation of KEYTRUDA in 5.4% (21) of patients. Of the patients who developed pneumonitis, 42% interrupted KEYTRUDA, 68% discontinued KEYTRUDA, and 77% had resolution.

Immune-Mediated Colitis

KEYTRUDA can cause immune-mediated colitis, which may present with diarrhea. Cytomegalovirus 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. Immune-mediated colitis occurred in 1.7% (48/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (1.1%), and Grade 2 (0.4%) reactions. Systemic corticosteroids were required in 69% (33/48); additional immunosuppressant therapy was required in 4.2% of patients. Colitis led to permanent discontinuation of KEYTRUDA in 0.5% (15) and withholding in 0.5% (13) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, 23% had recurrence. Colitis resolved in 85% of the 48 patients.

Hepatotoxicity and Immune-Mediated Hepatitis

KEYTRUDA as a Single Agent

KEYTRUDA can cause immune-mediated hepatitis. Immune-mediated hepatitis occurred in 0.7% (19/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.4%), and Grade 2 (0.1%) reactions. Systemic corticosteroids were required in 68% (13/19) of patients; additional immunosuppressant therapy was required in 11% of patients. Hepatitis led to permanent discontinuation of KEYTRUDA in 0.2% (6) and withholding in 0.3% (9) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement; of these, none had recurrence. Hepatitis resolved in 79% of the 19 patients.

KEYTRUDA with Axitinib

KEYTRUDA in combination with axitinib can cause hepatic toxicity. Monitor liver enzymes before initiation of and periodically throughout treatment. Consider monitoring more frequently as compared to when the drugs are administered as single agents. For elevated liver enzymes, interrupt KEYTRUDA and axitinib, and consider administering corticosteroids as needed. With the combination of KEYTRUDA and axitinib, Grades 3 and 4 increased alanine aminotransferase (ALT) (20%) and increased aspartate aminotransferase (AST) (13%) were seen at a higher frequency compared to KEYTRUDA alone. Fifty-nine percent of the patients with increased ALT received systemic corticosteroids. In patients with ALT ≥3 times upper limit of normal (ULN) (Grades 2-4, n=116), ALT resolved to Grades 0-1 in 94%. Among the 92 patients who were rechallenged with either KEYTRUDA (n=3) or axitinib (n=34) administered as a single agent or with both (n=55), recurrence of ALT ≥3 times ULN was observed in 1 patient receiving KEYTRUDA, 16 patients receiving axitinib, and 24 patients receiving both. All patients with a recurrence of ALT ≥3 ULN subsequently recovered from the event.

Immune-Mediated Endocrinopathies

Adrenal Insufficiency

KEYTRUDA can cause primary or secondary adrenal insufficiency. For Grade 2 or higher, initiate symptomatic treatment, including hormone replacement as clinically indicated. Withhold KEYTRUDA depending on severity. Adrenal insufficiency occurred in 0.8% (22/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.3%), and Grade 2 (0.3%) reactions. Systemic corticosteroids were required in 77% (17/22) of patients; of these, the majority remained on systemic corticosteroids. Adrenal insufficiency led to permanent discontinuation of KEYTRUDA in <0.1% (1) and withholding in 0.3% (8) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement.

Hypophysitis

KEYTRUDA can cause immune-mediated hypophysitis. 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 indicated. Withhold or permanently discontinue KEYTRUDA depending on severity. Hypophysitis occurred in 0.6% (17/2799) of patients receiving KEYTRUDA, including Grade 4 (<0.1%), Grade 3 (0.3%), and Grade 2 (0.2%) reactions. Systemic corticosteroids were required in 94% (16/17) of patients; of these, the majority remained on systemic corticosteroids. Hypophysitis led to permanent discontinuation of KEYTRUDA in 0.1% (4) and withholding in 0.3% (7) of patients. All patients who were withheld reinitiated KEYTRUDA after symptom improvement.

Thyroid Disorders

KEYTRUDA can cause immune-mediated thyroid disorders. Thyroiditis can present with or without endocrinopathy. Hypothyroidism can follow hyperthyroidism. Initiate hormone replacement for hypothyroidism or institute medical management of hyperthyroidism as clinically indicated. Withhold or permanently discontinue KEYTRUDA depending on severity. Thyroiditis occurred in 0.6% (16/2799) of patients receiving KEYTRUDA, including Grade 2 (0.3%). None discontinued, but KEYTRUDA was withheld in <0.1% (1) of patients.

Hyperthyroidism occurred in 3.4% (96/2799) of patients receiving KEYTRUDA, including Grade 3 (0.1%) and Grade 2 (0.8%). It led to permanent discontinuation of KEYTRUDA in <0.

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Media Contacts:

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(908) 740-5590

Investor Contacts:

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(908) 740-1037

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(908) 740-2107

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Business Education

Wiley names Jay Flynn as head of research

Wiley Veteran to Lead Wiley’s Open Research Strategy

HOBOKEN, N.J. — (BUSINESS WIRE) — Wiley (NYSE:JWA)(NYSE:JWB), a global leader in research and education, announced Friday that Jay Flynn has been named Executive Vice President of Wiley Research, succeeding Judy Verses. Flynn will report directly to Wiley President & CEO Brian Napack and oversee the company’s fast-growing research business.

Since joining Wiley in 2010, Flynn has served the organization in a series of key leadership roles, most recently as Senior Vice President and Chief Product Offer of Wiley Research. Prior to that role, he was Managing Director of Research Publishing. He has been instrumental in the definition and execution of Wiley’s successful strategy to lead in open research.

 

Judy Verses has announced that she is leaving the organization for personal reasons. Verses joined Wiley in 2015. Under her leadership, Wiley Research has grown into a leader in open research and an innovative strategic partner to academic institutions, societies, and corporations.

 

“Jay brings vision and deep experience to this critical role. As we publish more and expand our portfolio of digital research solutions, Jay and his team will continue to enable the growing success of millions of researchers worldwide,” said Napack. “I want to take this moment to recognize Judy’s tremendous contributions to Wiley. She has guided the transformation of our research business into an engine of growth and leaves Wiley Research an industry leader and a force for positive impact.”

 

Wiley’s Research business works to help researchers get life-changing, peer-reviewed research out to the world faster and to greater effect through its 1,900 peer reviewed journals. As the world’s largest society publisher, the Company partners with over 900 societies to provide millions of scientists and scholars with the tools and resources they need to accelerate scientific discovery. Nearly half of the world’s research articles flow through Wiley’s online platforms. As a leader in open research, Wiley works to make science more broadly available for all so that it can have the greatest impact.

 

ABOUT WILEY

Wiley is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping workforces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today, our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve their goals in an ever-changing world. Visit us at Wiley.com, like us on Facebook, and follow us on Twitter and LinkedIn.

Category: All Corporate News

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Media:

Andrea Sherman

asherman@wiley.com

Categories
Business

AM Best to participate in International Insurance Society’s Global Insurance Forum

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best’s Matthew Mosher will moderate an Executive Panel session at the 2021 International Insurance Society (IIS) Global Insurance Forum, which will be held virtually Sept. 27-29, 2021. AM Best is a sponsor of the event.

Mosher, the president and chief executive officer of AM Best Rating Services, Inc. will lead a 40-minute discussion, titled, “Regulation in a Changing Landscape,” on Sept. 28 at 10:05 a.m. (EDT). He will be joined on the panel by Daniel Wang, executive director of insurance, Monetary Authority of Singapore; David Altmaier, president of the National Association of Insurance Commissioners and commissioner of the Florida Office of Insurance Regulation; and Victoria Saporta, executive director of prudential policy for the Bank of England and chair of the executive committee of the International Association of Insurance Supervisors.

 

In the midst of rapid technological and societal change, regulators are expected to facilitate innovation, address emerging risks and support environmental, social and governance (ESG) initiatives while protecting consumer interests at every turn. This panel of experts will explore how regulators are navigating the changing landscape and the role they play in spurring innovation, finding climate risk solutions and guiding the form, function and future of ESG disclosures.

 

For more information, please visit the IIS Global Insurance Forum conference page.

 

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

 

Copyright © 2021 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Kate Smith
Associate Director, Public Relations
+1 908 439 2200, ext. 5817
kate.smith@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Categories
Art & Life News Now!

XO World Project to unveil two monumental sculptures at World Trade Center in honor of World Peace Day

“World Peace from World Trade”

 

XO World and XO Play Sculptures Aim to Promote Equality, Unity, Peace, and Love, and Ignite a Worldwide “Share the Love” Movement

 

NEW YORK — (BUSINESS WIRE) — XO World Project today announced it will display two monumental sculptures in New York City to celebrate World Peace Day on September 21, 2021. To promote equality, unity, peace, and love, artist Daniel Anderson created the XO World sculpture and its companion, the XO Play sculpture. Both represent new public artworks that will be located on the World Trade Center campus.

“As our society faces unprecedented challenges stemming from a global pandemic, economic recovery, racial inequity, and territorial conflicts, World Peace Day offers the perfect backdrop to unveil these two inspiring sculptures intended to bring people together,” said Anderson.

 

The XO World sculpture is 12 foot in height and 24 feet long. It is inspired by the game of jacks, which is played by many cultures worldwide and dates to approximately 2,000 years ago. The “X” is illustrated by the “Jack” with crossed arms attached to the spoke, representing LOVE in universal sign language. The “O” in the “XO” is represented by the globe. The XO World will be installed in front of One World Trade Center on the West Plaza at 285 Fulton Street.

 

The XO Play is a sculpture of multi-racial children engaged in the game of jacks. This is reminiscent of our childhood’s innocent and harmonious co-existence with friends and effortless ability to make new friends. XO Play will be installed in the Oculus at World Trade next to the 911 Memorial. By choosing New York City for its debut, the XO World Project aims to propel a message of hope, resilience, and inclusion.

 

“I am excited to showcase these sculptures in New York City, the epicenter of the world, and encourage people of all ages to share the love,” added Anderson. “My inspiration for these sculptures came from children and their open acceptance of others. A child’s mind and heart are free of prejudice regardless of race, gender, or religion, which is how we should all strive to emulate.”

 

The combination of the outdoor XO World and indoor XO Play sculptures are intended to ignite a global “Share the Love” movement embracing equality, unity, peace, and love. Anderson’s goal is to bring people together for future generations.

 

“We are proud to partner with XO World Project to bring public art back to the World Trade Center,” said Jonathan (Jody) Durst, President of The Durst Organization. “We hope Daniel Anderson’s message of unity and peace will inspire everyone who sees XO World.”

 

It is XO World Project’s unwavering belief that children have the power to change the course of the future through strong community, hope, peace for a better tomorrow. XO World Project has partnered with charitable organization Operation International Kids whose mission is to make difference in medical care for those in need. Additional support for the New York City launch includes The Port Authority of New York and New Jersey and The Durst Organization.

 

“Share the Love” Social Media Campaign

XO World Project is encouraging visitors to take a selfie in front of the XO World sculpture at One World Trade Center, posing with arms crossed over their chest to replicate the ‘X-O’ sculpture and post on social media using the hashtag #SharetheLove.

 

Ribbon Cutting Event

The XO World and indoor XO Play sculptures will be officially unveiled at a ribbon cutting ceremony on September 21 at 3:00 PM at One World Trade Center and 4:00 PM inside the Oculus World Trade (3-minute walk).

 

Future Installations

XO World Project plans to install the XO World and XO Play sculptures in Paris in 2022, and in London, Hong Kong, Moscow, and Dubai thereafter.

 

ABOUT XO World Project

In 2017, artist Daniel Anderson created XO World Project to encourage people to “Share the Love” through sculptures representing the innocence of children and their open acceptance of others. The XO World Project aims to inspire people worldwide to actively seek peace, love, and inclusion by engaging with the play principles of youth when all races, ages, genders, religions, and nationalities are welcomed. To learn more about XO World Project, visit: www.XOWorldProject.com. To learn more about Daniel Anderson, visit: https://www.danielandersonart.com.

Contacts

Domenick Cilea

732-610-6850