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Entertainment News

Lady Gaga celebrates ‘Love for Sale’ album with intimate Jazz online performance exclusively brought to fans by Westfield

Partnership Gives Consumers Exclusive Access Through Live.Westfield.com Streaming Platform and Fan Zones at Over 20 Flagship Destinations

 

  • Fans and shoppers across the globe are invited to hear Lady Gaga perform tracks from the new duets album with Tony Bennett, Love For Sale
  • Virtually, and through Westfield’s network of global flagship destinations, consumers are able to:
    • Access the Love For Sale album pre-sale via Live.Westfield.com before its official release on October 1 and enter for a chance to win a personalized message from Lady Gaga
    • Celebrate at official Fan Zones in 21 Westfield centers worldwide across 12 countries including the US, UK and Europe
    • Interact with Gaga inspired content displayed through media screens in ten countries across the US, UK and Europe
  • The partnership will support Born This Way Foundation, a non-profit organization co-founded by Lady Gaga and her mother, Cynthia Germanotta, with the mission to build a kinder, braver world, and Exploring the Arts, an organization founded by Tony Bennett and his wife, Susan Benedetto, with the mission to transform the lives of young people through arts education.
  • Exclusive access to the September 30 streamed performance is available for signup today at Live.Westfield.com

LOS ANGELES–(BUSINESS WIRE)–Westfield – the world’s premier shopping, lifestyle, and entertainment brand – today announces an exclusive global event with Grammy award winning artist Lady Gaga online and across its global network of flagship destinations to launch her forthcoming album with Tony Bennett, Love For Sale.


The megastar will stage a streamed performance celebrating jazz classics and her new duets album with Tony Bennett, Love For Sale, ahead of its official launch to the public on October 1. The partnership with Westfield leverages the company’s virtual presence and physical locations to bring together fans and customers from across the globe in a one of a kind virtual-meets-physical hybrid concert.

 

The virtual and physical audience will hear Lady Gaga perform several new tracks from the album, either within physical Fan Zones in 21 Westfield centers across Europe and the US, including Westfield Century City in Los Angeles and Westfield Garden State Plaza in New Jersey, or online, where the experience will also unite fans with a ‘Watch Together’ function where Gaga lovers can meet up online in groups of six in their own private room.

 

Lady Gaga commented: “I love singing jazz music, and am very excited for everyone to hear my new album with Tony Bennett, Love For Sale. I am grateful to Westfield for helping bring me and my performance to my fans across the world even when I can’t travel to them.”

 

Caroline Puechoultres, Chief Customer Officer for Unibail-Rodamco-Westfield, commented: “To partner with Lady Gaga, who is such an iconic and powerful force in the industry, is a huge opportunity for us to bring consumers together virtually and physically to launch her new album. Our network of destinations offers the power to bring people together and share in memorable experiences in partnership with artists and brands. The safety of our visitors to Westfield is of utmost importance to us, and as such a wealth of measures are in place across all our centers including, hand sanitizers and extra cleaning to help provide reassurance to our guests during these uncertain times. We are delighted to deliver this 360 Gaga experience to fans and customers, particularly at our newly branded centers and hope the public enjoy the experience.”

 

Jurgen Grebner, Executive Vice President International Interscope Records, said: “Having worked with Westfield on a number of live music events, it’s really exciting to be able to take an artist performance to the next level across the Westfield audiences both online and off. The collaboration is a first for us where fans will be able to be part of Lady Gaga’s performance of jazz classics through the intimate streamed event, or at one of the 21 Fan Zones in ten different countries, truly bringing audiences together across the globe.”

 

Registration for exclusive access to the September 30 streamed performance goes live today at Live.Westfield.com, and tickets to the official Fan Zones will be available starting on September 20 here.

 

The Westfield network of flagship destinations, which collectively reach over 1 billion consumers each year, provides a unique global platform for retailers, artists and brands to host live streamed events, experiential activations, pop-up stores and 360 media campaigns. With flagship destinations across the US and Europe, the company announced this year that a further six centers will join the network, including the first centers in Spain, Germany and Austria. Ensuring the health and safety of all our visitors, retailers, employees within these and all of our centers remains a priority. Covid-19 health and safety measures in place follow government guidelines and we continue to work with 3rd party Bureau Veritas to attest to the implementation of very strict standards regarding health and safety within our shopping centers.

 

For further information on the global streaming event, please contact:

robyn.cottelli@urw.com

 

About Unibail-Rodamco-Westfield:

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €55.0 Bn as at June 30, 2021, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 86 shopping centers, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers.

 

With the support of its 2,900 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects.

 

Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.

 

Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.

 

For more information, please visit www.urw.com. Visit our Media Library at https://mediacentre.urw.com

 

Follow the Group updates on Twitter @urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram @urw_group

 

About Born This Way Foundation:

Born This Way Foundation, co-founded and led by Lady Gaga and her mother, Cynthia Germanotta, supports the mental health of young people and works with them to build a kinder and braver world. Through high-impact programming, youth-led conversations, and strategic, cross-sectoral partnerships, the Foundation aims to make kindness cool, validate the emotions of young people, and eliminate the stigma surrounding mental health. Learn how the Foundation encourages people to practice kindness towards themselves and their communities at bornthisway.foundation and its storytelling platform Channel Kindness at channelkindness.org.

Registered charity number is EIN 45-2752227.

 

About Exploring the Arts:

Founded by Tony Bennett and Susan Benedetto, Exploring the Arts was established in 1999 as a public charity whose mission is to transform the lives of young people through arts education. Beginning with the creation of Frank Sinatra School of the Arts in Astoria, Queens (Tony’s hometown), Tony and Susan’s vision to help build robust, sustainable arts education programs now reaches 39 middle and high schools in New York as well as 14 in Los Angeles. At the heart of ETA’s work is a vision to provide greater equity of resources and opportunity in the arts to historically marginalized teens. Learn more at exploringthearts.org. Federal ID number 13-4069251.

Contacts

Robyn Cottelli

robyn.cottelli@urw.com

Categories
Business

Valley Bank’s ‘Journey Checking’ receives National Certification by Banking Advocates as safe, affordable account

The Cities for Financial Empowerment Fund’s Bank On National Account Standards Certification of Valley Journey Checking indicates that it meets over 25 features for safe and affordable consumer transaction accounts.

 

WAYNE, N.J. — (BUSINESS WIRE) — Valley Bank announced today that its Journey Checking account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 – 2022). The National Safe Account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders and other financial institutions, designate both core and strongly recommended features that ensure low cost, high functionality and consumer safety.

Key features of Valley Journey Checking include a low or no monthly fee, no overdraft or nonsufficient fund fees, the ability to pay bills and make purchases and federal deposit insurance. Valley Journey Checking is available in every one of Valley’s branches across New Jersey, New York, Florida and Alabama.

 

“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to the Valley Journey Checking account,” said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. “Valley Journey Checking offers New Jersey, New York, Florida and Alabama residents who are looking to improve their finances a safe, affordable and truly useful mainstream banking product. Valley Bank’s offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them.”

 

The goal of Bank On is to ensure that everyone has access to safe and affordable financial products and services. The Bank On National Account Standards identify critical product features for appropriate bank or credit union accounts, making it easier for local coalitions across the country to connect consumers to accounts that meet their needs.

 

“Valley Bank is honored to be part of a coalition that provides safe, low-cost accounts for the underbanked and unbanked,” said Bernadette Mueller, Executive Vice President and Chief CSR-CRA Officer. “It’s one step closer to ensuring all consumers have access to secure banking services.”

 

To learn more about Valley’s Journey Checking Account, click here.

 

Member FDIC. Equal Opportunity Lender.

 

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.

 

About the Cities for Financial Empowerment Fund (CFE Fund)

The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in over 100 cities and counties, and has disbursed over $43 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Twitter at @CFEFund.

 

About Bank On

Bank On coalitions are locally-led partnerships between local public officials; city, state, and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities. The Bank On national initiative builds on a grassroots movement of over 80 coalitions in cities across the country, offering national account standards, capacity grant support, pilot funding, and a learning community. In addition to connecting unbanked individuals to accounts, Bank On programs raise public awareness, target outreach to the unbanked, and expand access to financial education. Visit www.cfefund.org/bankon for more information, or follow the conversation on Twitter @CFEFund #BankOn.

Contacts

Pam Golden pam@glapr.com, 973-564-8591

Categories
Business Technology

AeroFarms wins Produce Business’ 33rd Annual Marketing Excellence Awards

AeroFarms elevated rebrand and packaging redesign breaks through at Retail

 

NEWARK, N.J. — (BUSINESS WIRE) — AeroFarms®, a certified B Corporation and leader in indoor vertical farming, today announced that it is a winner of PRODUCE BUSINESS’s 33rd Annual Marketing Excellence Awards. PRODUCE BUSINESS has been leading produce industry coverage for over three decades, and their annual 2021 Marketing Excellence Awards recognize the outstanding, results-driven work by different companies throughout the industry.


The new branding for AeroFarms and the rebranding of its Dream Greens® retail brand to AeroFarms®, successfully united its mission and activities under one fresh, powerful identify that celebrates its leadership for indoor vertical farming and a brighter future for all. AeroFarms grows using proprietary aeroponics and indoor vertical farming technologies, which yield annual productivity up to 390 times greater than traditional field farming, while using up to 95% less water and zero pesticides.

 

“As part of the mission of PRODUCE BUSINESS to ‘initiate industry improvement’ by highlighting excellence in ways to market produce to consumers, we recognize AeroFarms and its latest rebrand and packaging redesign,” commented Ken Whitacre, Executive Vice President and Group Publish and Editorial Director for Phoenix Media. “The concept of ‘Elevating’ the senses through its attractive new look goes a long way to helping retailers capture consumers’ attention to the company’s great products.”

 

“We know that our customers want to have an emotional and values-based connection to their food and understand where their food comes from, how it’s grown and what it stands for,” said David Rosenberg, Co-Founder and Chief Executive Officer. “We are honored that PRODUCE BUSINESS recognized our breakthrough branding work to be a winner of their 33rd Annual marketing Excellence Awards, and we look forward to sharing our award-winning brand with more customers with our expansion plans to the Mid-Atlantic, Mid-West and South regions.”

 

Since 2004, AeroFarms has been the world trailblazer for technology-enabled controlled environment agriculture and has won over 50 awards for its leadership for innovation, sustainability, and food — including being recently recognized as a finalist for Newsweek’s Future of Travel awards for their pioneering “farm-to-plane” partnership with Singapore Airlines. Honoring its legacy as farmers and agriculture innovators, AeroFarms’ mission today is bigger and bolder than ever: to grow the best plants possible for the betterment of humanity, using proprietary aeroponics and indoor vertical farming technologies to solve agriculture’s biggest challenges and grow the most delicious produce for its communities. AeroFarms’ expertise in plant biology and the broader farming industry is captured further in its new B2B tagline Agriculture, Elevated.™ In addition, AeroFarms new B2C tagline Vertical Farming, Elevated Flavor™ highlights to customers not only where and how their food is grown, but also more importantly, the key growing benefits that AeroFarms uniquely brings to the market, setting a new culinary standard with millions of data points to prove it.

 

AeroFarms is able to grow its kale to be sweeter and its arugula to be perfectly peppery, and the Company has developed its signature FlavorSpectrum™ to represent the breadth of flavors and hundreds of varieties of leafy greens that it is able to grow. AeroFarms’ team of experts from horticulturists to engineers to data scientists to nutritionists paired each specific tasting note with a representative color to bring the FlavorSpectrum™ philosophy to life. Across its leafy greens packaging line, the cool blue tones represent sweet and mellow notes, while the intense reds represent bold and zesty flavors.

 

In addition, AeroFarms’ new packaging design for its sealed tray that is made with 40% less plastic than a traditional clamshell, was developed with rounds of primary consumer research and collaboration with key selling partners. The eye-catching packaging design boasts the largest clear window in the entire packaged salads category. As a result, the leafy greens are showcased, allowing the product to be the hero to signal the ultimate in freshness and flavor. Major attributes like sustainably grown indoors, no pesticides ever, locally grown, no washing needed, and non-GMO are highlighted in a clean presentation, and AeroFarms’ expertise in flavor is brought to life through its descriptive product tasting notes and its “Taste our Difference” invitation. AeroFarms’ leadership in authenticity and transparency (also represented by the clear window) is reinforced by the grown with purpose messaging and by the logo for Certified B Corporation, that provides a scorecard on both environmental and societal factors.

 

All AeroFarms leafy greens are safely grown indoors at one of AeroFarms’ state-of-the art commercial indoor vertical farms that is certified for USDA Good Agricultural Practices, SQF Level 2 Good Manufacturing Practices, Non-GMO Project Verification, and OU Kosher. AeroFarms leafy greens are completely pesticide free, and ready-to-eat without any need to wash, providing a major benefit to consumers looking for safety and convenience. AeroFarms leafy greens are available at major retail and foodservice customers including Walmart, Whole Foods Market, ShopRite, Amazon Fresh, FreshDirect, and Baldor Specialty Foods.

 

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

AeroFarms

Investor Relations:

Jeff Sonnek ICR

Jeff.Sonnek@icrinc.com
1-646-277-1263

Media Relations:

Marc Oshima
AeroFarms

MarcOshima@AeroFarms.com
1-917-673-4602

Categories
Business Science

Eagle Pharmaceuticals granted additional patent for Bendamustine Franchise

WOODCLIFF LAKE, N.J. — (BUSINESS WIRE) — Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) (“Eagle” or the “Company”) today announced that the U.S. Patent and Trademark Office has granted the Company U.S. Patent No. 11,103,483, entitled “Formulations of Bendamustine.” Eagle is submitting the ‘483 patent for listing in the U.S. Food and Drug Administration’s Orange Book for both BENDEKA® and BELRAPZO®.

Eagle had asserted several Orange Book-listed patents against Slayback Pharma LLC, Apotex Inc. et al, Mylan Laboratories Limited, and Fresenius Kabi USA, LLC, related to their respective abbreviated new drug applications referencing BENDEKA. On July 6, 2020, the District Court for the District of Delaware had held these asserted patents both valid and infringed. Apotex, Mylan, and Fresenius appealed this ruling. Previous to the appellate hearing, Eagle settled the Fresenius litigation. On August 13, 2021, the United States Court of Appeals for the Federal Circuit affirmed that the asserted patents were both valid and infringed. Both the asserted patents and the ‘483 patent expire in 2031.

 

“We are pleased that this appellate decision, as well as the newly issued patent, continue to strengthen Eagle’s intellectual property rights for both BENDEKA and BELRAPZO,” stated Scott Tarriff, Chief Executive Officer of Eagle Pharmaceuticals.

 

About Eagle Pharmaceuticals, Inc.

Eagle is a fully integrated pharmaceutical company with research and development, clinical, manufacturing and commercial expertise. Eagle is committed to developing innovative medicines that result in meaningful improvements in patients’ lives. Eagle’s commercialized products include RYANODEX®, BENDEKA®, BELRAPZO®, and its oncology and CNS/metabolic critical care pipeline includes product candidates with the potential to address underserved therapeutic areas across multiple disease states. Additional information is available on Eagle’s website at www.eagleus.com.

 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities law. Forward-looking statements are statements that are not historical facts. Words and phrases such as “anticipated,” “forward,” “will,” “would,” “may,” “remain,” “potential,” “prepare,” “expected,” “believe,” “plan,” “near future,” “belief,” “guidance,” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements concerning the submission of U.S. Patent No. 11,103,483 for listing in the U.S. Food and Drug Administration’s Orange Book for both BENDEKA and BELRAPZO; and statements regarding the strength of the Company’s intellectual property rights for BENDEKA and BELRAPZO. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the Company’s control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Such risks and uncertainties include, but are not limited to: the impacts of the ongoing COVID-19 pandemic, including interruptions or other adverse effects on clinical trials and delays in regulatory review or further disruption or delay of any pending or future litigation; delay in or failure to obtain regulatory approval of the Company’s product candidates and successful compliance with FDA, EMA and other governmental regulations applicable to product approvals; the outcome of litigation involving any of its products or that may have an impact on any of its products; the strength and enforceability of the Company’s intellectual property rights or the rights of third parties; the risks inherent in drug development and in conducting clinical trials; and those risks and uncertainties identified in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission (the “SEC”) on March 5, 2021, as updated by the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, filed with the SEC on May 10, 2021 and August 9, 2021, respectively, and its other subsequent filings with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Contacts

Investor Relations for Eagle Pharmaceuticals, Inc.:
Lisa M. Wilson

In-Site Communications, Inc.

T: 212-452-2793

E: lwilson@insitecony.com

Categories
Business Entertainment News

Actress/Activist Rosario Dawson joins the 2021 New Jersey Auto Retailers Unite campaign

MAPLEWOOD, N.J. — (BUSINESS WIRE) — More than 200 franchised New Jersey new car and truck dealerships have participated in a variety of New Jersey Auto Retailers Unite fundraising campaigns since 2014. Raising over $2,250,000 since 2014, their generosity has made an extraordinary impact on the lives of more than 6,000 brave children with cancer, sickle cell disease and other blood disorders treated by The Valerie Fund each year.


The 2021 New Jersey Auto Retailers Unite Campaign has set an ambitious goal of raising $500,000. Already, nearly 80 dealers have contributed more than $270,000, before the two-month campaign official launches on September 1, 2021.

 

Rosario Dawson has also joined the campaign as the celebrity spokesperson and will be featured in a public service announcement expected to be launched in mid-September. Known for her roles in projects such as THE MANDALORIAN, TOP FIVE, RENT and SIN CITY, she can next be seen in the upcoming Hulu limited series DOPESICK which will air in October. In addition to her many acting credits, Ms. Dawson is also a well-respected activist, designer, businesswoman and community volunteer.

 

The September 1, 2021 campaign launch date coincides with the month’s national recognition of Pediatric Cancer Awareness and Sickle Cell Awareness. This year’s campaign will focus on educating the public about Sickle Cell Disease, in particular. The Valerie Fund Children’s Center at Newark Beth Israel treats more sickle cell patients than any other hospital in New Jersey and is recognized as a Comprehensive Sickle Cell Center.

 

“New Jersey’s 500+ franchised neighborhood new car and truck dealerships are the backbone of their communities and support local organizations in hundreds of different ways,” said Jim Appleton, President of the New Jersey Coalition of Automotive Retailers. “These entrepreneurs compete for customers every day, but they can also unite behind a worthwhile cause.”

 

“New Jersey’s dealerships are coming together, across all brands, to pay it forward and support the thousands of brave children treated by The Valerie Fund each year, and their families,” said Judith Schumacher- Tilton, NJ CAR Chairwoman and owner of the Schumacher Auto Group. “It is especially important to support the hundreds of children with Sickle Cell disease treated at Valerie Fund Centers. This is an incurable disease that effects an underserved population.”

 

For more information about the New Jersey Auto Retailers Unite campaign, The Valerie Fund or the services provided at The Valerie Fund Children’s Centers, please contact Randi Zamkotowicz, Valerie Fund Assistant Director of Development for Philanthropy at (201) 993-3787 or randiz@thevaleriefund.org or Brian Hughes, NJ CAR Director of Communications at bhughes@njcar.org.

 

About The Valerie Fund

Since 1977, tens of thousands of critically ill children have received state of the art medical treatment and customized health care services at one of seven Valerie Fund Children’s Centers located close to their homes. The Valerie Fund is committed to fully funding psychosocial services that are not reimbursed by insurance but enable kids with life-threatening diseases to live life to the fullest. And now that COVID-19 is a serious threat to our families, The Valerie Fund plays a doubly important role keeping our children safe medically and emotionally.

Contacts

Bunny Flanders

bflanders@thevaleriefund.org
973.202.1992

Brian Hughes

bhughes@njcar.org
609.883.5056, x315

Categories
Healthcare Technology

DiRx unlocks access for millions of uninsured consumers with new pharmacy approach

EAST BRUNSWICK, N.J. — (BUSINESS WIRE) — #DiRx–A new, digital pharmacy model called DiRx (pronounced Directs) promises to make prescription medicine more accessible and affordable for all Americans. Currently, 15 million uninsured and underinsured Americans abandon a pharmacy purchase because of expense and frustration.

We believe there should be equal access to medicine for all people — regardless of whether you have insurance,” explains DiRx Chief Executive Officer Satish Srinivasan. “The costs of manufactured generic medicines are already low, so we focused on creating a platform that would pass those low costs directly to the consumer. We’ve captured that simple, very direct process in our name — DiRx.”

 

The pharmacy experience is coming apart at the seams,” Chief Operating Officer Ben Maizel relates. “Manufacturers are being pushed out of business, doctors have lost their authority in prescribing medication, pharmacists aren’t compensated to consult, and consumers can’t afford the lifesaving medication they need.

 

Enter DiRx, an innovative, new digital delivery model with an abridged supply chain that eliminates the need for health insurance companies or a pharmacy benefit manager.

 

Since 65% of consumers’ out-of-pocket prescription costs are spent on generics even for insured consumers, we have reworked the economics and drawn a straight line from supply to demand,” says Srinivasan. “We eliminated the need to drive to the pharmacy, the possibility of being denied, or the risk of finding a medicine to be cost-prohibitive. We’re thrilled to be able to offer this service direct to your doorstep through any mobile device.”

 

Maizel notes the pharmacist has a unique role. “The pharmacist knows more about the drugs than the physician — the physician knows the disease state — but the pharmacist can talk to you about the interactions of the drugs, the best drug to take or what impact the differences between manufacturers can have. That’s why our service team is such a crucial part of the business.”

 

Chief Marketing Officer Simone Grapini-Goodman describes the growing population of people who need this alternative. “About 40 million Americans are uninsured today. And 60 million adults with health issues did not seek treatment over the last year due to costs.”

 

One striking example of the need for DiRx is the country’s current diabetes situation. There are more than 34 million diabetics in the United States, but more than 8 million do not have insurance coverage. “They should all be able to easily access their needed medication. We’re here to change that dynamic,” noted Grapini-Goodman.

 

About DiRx

DiRx is an online pharmacy that delivers savings on commonly prescribed, FDA-approved generic medicines without the need for insurance. Founded by industry experts, DiRx draws a straight line from supply to demand to streamline the path between the manufacturer and the consumer. This lowers costs and makes more medicine accessible to more people. DiRx offers a viable model for businesses and community organizations while simplifying how consumers fill, pay for and receive maintenance medicines. To learn more, visit DiRxHealth.com.

Contacts

Media inquiries: press@dirxhealth.com, Simone Grapini-Goodman

Corporate office: 908-356-0764 | Customer care: 877-367-3479

Categories
Healthcare Science

Bayer announces KERENDIA® (finerenone) reduces the risk of cardiovascular outcomes in new phase III FIGARO-DKD study in adults with chronic kidney disease (stages 1-4) associated with type 2 diabetes

  • FIGARO-DKD is the first contemporary cardiorenal outcomes trial with the majority of patients who had an eGFR ≥60 ml/min/1.73m2 to show cardiovascular benefit in chronic kidney disease associated with type 2 diabetes; patients were included in this study if they had UACR levels 30–5000 mg/g1
  • Additionally, results from FIDELITY, a prespecified meta-analysis of Phase III trials FIDELIO-DKD and FIGARO-DKD comprising over 13,000 patients with chronic kidney disease associated with type 2 diabetes, showed that finerenone reduced the risk of the composite cardiovascular outcome of time to cardiovascular death, nonfatal myocardial infarction, nonfatal stroke or hospitalization for heart failure2
  • Results of the FIGARO-DKD Phase III study and the FIDELITY prespecified meta-analysis were presented at ESC Congress 2021, with FIGARO-DKD simultaneously published in the New England Journal of Medicine

 

WHIPPANY, N.J. — (BUSINESS WIRE) — Bayer announced today that detailed results from the Phase III FIGARO-DKD study demonstrated that compared with placebo, KERENDIA® (finerenone) – a first-in-class nonsteroidal mineralocorticoid receptor antagonist (MRA)3,4 – significantly reduced the risk of the composite primary endpoint of time to first occurrence of cardiovascular (CV) death or nonfatal CV events (myocardial infarction, stroke or heart failure hospitalization) by 13% (relative risk reduction, HR 0.87 [95% CI, 0.76-0.98; P=0.0264]) over a median duration of follow-up of 3.4 years when added to maximum tolerated labeled dose of angiotensin-converting enzyme inhibitor (ACEi) or angiotensin receptor blocker (ARB) in adults with chronic kidney disease (CKD) associated with type 2 diabetes (T2D).1 The reduction in the CV composite outcome was primarily driven by hospitalization due to heart failure. These data were presented today during a Hot Line session at the ESC Congress 2021 and simultaneously published in the New England Journal of Medicine.

FIGARO-DKD is the first contemporary Phase III cardiorenal trial with the majority of patients with stages 1-2 CKD (estimated glomerular filtration rate [eGFR] ≥60 ml/min/1.73m2) to show CV benefit in CKD associated with T2D.1 Patients were included in this study if they had urine albumin-to-creatinine ratio (UACR) levels 30–5000 mg/g.1 KERENDIA® was approved in the United States on July 9, 2021 to reduce the risk of sustained eGFR decline, end-stage kidney disease, CV death, nonfatal myocardial infarction and hospitalization for heart failure in adult patients with CKD associated with T2D.4

 

The KERENDIA® label contains a Warning and Precaution that KERENDIA® can cause hyperkalemia.4 For more information, see “Important Safety Information” below.

 

The unfortunate reality is that patients living with chronic kidney disease associated with type 2 diabetes are three times more likely to die from a cardiovascular event than those with type 2 diabetes alone.5 As chronic kidney disease progresses, the risk for cardiovascular events and heart failure hospitalization increases, so early diagnosis and treatment is critical,”6 said Bertram Pitt, professor of medicine emeritus at the University of Michigan School of Medicine in Ann Arbor and co-principal investigator of the FIGARO-DKD clinical trial. “The FIGARO-DKD study adds to the body of evidence that supports the benefits of finerenone for patients with chronic kidney disease associated with type 2 diabetes.”1,3,7

 

FIGARO-DKD: Second Phase III Study for Finerenone to Meet Primary Endpoint

FIGARO-DKD (FInerenone in reducinG cArdiovascular moRtality and mOrbidity in Diabetic Kidney Disease), a randomized, double-blind, placebo-controlled trial, randomly assigned 7,437 participants from 48 countries to finerenone 10 mg or 20 mg orally once daily or placebo when added to standard of care, including blood glucose-lowering therapies and a maximum tolerated labeled dose of ACEis or ARBs.1 Patients had UACR ≥30–<300 mg/g and eGFR ≥25–≤90 mL/min/1.73m2 or UACR ≥300–≤5000 mg/g and eGFR ≥60 mL/min/1.73m2.1

 

In this study, the incidence of the key secondary endpoint, a composite of time to kidney failure, a sustained decrease of eGFR ≥40% from baseline over a period of at least four weeks, or renal death was lower with finerenone than with placebo, affecting 350 (9.5%) and 395 (10.8%) patients, respectively.1 However, the difference was not statistically significant (HR 0.87 [95% CI, 0.76-1.01; P=0.0689]) over a median duration of follow-up of 3.4 years.1 In the FIDELIO-DKD study, finerenone reduced the incidence of the primary composite endpoint of a sustained decline in eGFR of ≥40%, kidney failure or renal death (HR 0.82 [95% CI, 0.73-0.93; P=0.001]).4 The treatment effect reflected a reduction in a sustained decline in eGFR of ≥40% and progression to kidney failure. There were few renal deaths during the trial.4

 

In FIGARO-DKD, safety and tolerability profile were generally consistent with that of previously reported FIDELIO-DKD results. Overall, hyperkalemia-related adverse events occurred more often in patients receiving finerenone compared with placebo (10.8% and 5.3%, respectively).1 Hospitalization due to hyperkalemia for the finerenone group was 0.6% versus <0.1% in the placebo group, and there was no hyperkalemia-related death in either treatment group.1 Treatment was discontinued due to hyperkalemia in 1.2% of patients treated with finerenone compared to 0.4% in the placebo group.1

 

FIDELITY: Prespecified Meta-analysis

Also presented within the ESC Hot Line session were select data from FIDELITY (FInerenone in chronic kiDney diseasE and type 2 diabetes: combined FIDELIO-DKD and FIGARO-DKD Trial program analYsis), which is a prespecified meta-analysis of the FIDELIO-DKD and FIGARO-DKD studies. FIDELITY is a meta-analysis of the largest Phase III program to evaluate the occurrence of progression of kidney disease as well as fatal and nonfatal CV events in >13,000 adult patients with CKD associated with T2D.2,7

 

In this prespecified exploratory meta-analysis, finerenone reduced the risk of the composite CV outcome of time to CV death, nonfatal myocardial infarction, nonfatal stroke or hospitalization for heart failure by 14% compared with placebo.2 The composite CV outcome occurred in 825 (12.7%) patients receiving finerenone and 939 (14.4%) patients receiving placebo (HR 0.86 [95% CI, 0.78–0.95]), with a number needed to treat of 46 at 36 months.2 The reduction in the CV composite outcome was primarily driven by hospitalization for heart failure. Cardiovascular death and nonfatal myocardial infarction were directionally consistent with the CV composite outcome.2 The composite kidney outcome of time to first onset of kidney failure, sustained ≥57% decrease in eGFR from baseline over ≥4 weeks, or renal death occurred in 360 (5.5%) patients receiving finerenone and 465 (7.1%) receiving placebo (HR 0.77 [95% CI, 0.67–0.88]).2

 

In FIDELIO-DKD, this exploratory composite kidney outcome of kidney failure, sustained decrease in eGFR by 57% or more from baseline, or renal death occurred in 252 (8.9%) patients and 326 (11.5%) patients in the finerenone and placebo groups, respectively (HR 0.76 [95% CI, 0.65–0.90]).3 In FIGARO-DKD, this exploratory composite kidney outcome of kidney failure, sustained decrease in eGFR by 57% or more from baseline, or renal death occurred in 108 (2.9%) patients and 139 (3.8%) patients in the finerenone and placebo groups, respectively (HR 0.77 [95% CI, 0.60–0.99]).1 KERENDIA® is not indicated to reduce the risk of renal death.4

 

With the results of the FIGARO-DKD study and FIDELITY analysis, we are very pleased to build on our growing body of evidence for finerenone in patients with chronic kidney disease associated with type 2 diabetes,” said Amit Sharma, M.D., Vice President of Cardiovascular and Renal, Bayer U.S. Medical Affairs. “Together, these findings reinforce our commitment to improving the lives of these patients.”

 

About Finerenone Phase III Clinical Trials Program

Having randomized more than 13,000 patients with CKD associated with T2D around the world, the Phase III program with finerenone in CKD associated with T2D comprises two studies, evaluating the effect of finerenone versus placebo on top of standard of care on both renal and cardiovascular outcomes.7

 

The FIDELIO-DKD (FInerenone in reducing kiDnEy faiLure and dIsease prOgression in Diabetic Kidney Disease) study was a randomized, double-blind, placebo-controlled, multicenter study in adult patients with CKD associated with T2D, defined as either having an UACR of 30 to 300 mg/g, eGFR 25 to 60 mL/min/1.73 m2 and diabetic retinopathy, or as having an UACR of ≥300 mg/g and an eGFR of 25 to 75 mL/min/1.73 m.3,4 The trial excluded patients with known significant non-diabetic kidney disease and a clinical diagnosis of chronic heart failure with reduced ejection fraction and persistent symptoms (NYHA class II to IV).4 All patients were to have a serum potassium ≤4.8 mEq/L at screening and be receiving standard of care background therapy, including a maximum tolerated labeled dose of an ACEi or ARB.4 A total of 5,674 patients were randomized to receive finerenone (N=2833) or placebo (N=2841) and were followed for a median of 2.6 years.4 The mean age of the study population was 66 years, and 70% of patients were male.4 The trial population was 63% White, 25% Asian, and 5% Black.4

 

Finerenone reduced the incidence of the primary composite endpoint of a sustained decline in eGFR of ≥40%, kidney failure, or renal death (HR 0.82 [95% CI, 0.73-0.93; P=0.001]).4 The treatment effect reflected a reduction in a sustained decline in eGFR of ≥40% and progression to kidney failure.4 There were few renal deaths during the trial.4

 

Finerenone also reduced the incidence of the composite endpoint of cardiovascular death, nonfatal myocardial infarction, nonfatal stroke or hospitalization for heart failure (HR 0.86 [95% CI, 0.75-0.99; P=0.034]).4 The treatment effect reflected a reduction in cardiovascular death, nonfatal myocardial infarction and hospitalization for heart failure.4 Adverse reactions that occurred more commonly on finerenone than on placebo, and in at least 1% of patients treated with finerenone, were hyperkalemia (18.3% vs. 9%), hypotension (4.8% vs. 3.4%) and hyponatremia (1.4% vs. 0.7%).4

 

FIGARO-DKD (FInerenone in reducinG cArdiovascular moRtality and mOrbidity in Diabetic Kidney Disease) investigated the efficacy and safety of finerenone versus placebo in addition to standard of care on the reduction of cardiovascular morbidity and mortality in approximately 7,400 patients with CKD associated with T2D across 48 countries including sites in Europe, Japan, China and the U.S.7,8 Finerenone 10 mg or 20 mg, orally once daily, was added to standard of care, including blood glucose-lowering therapies and a maximum tolerated labeled dose of an ACEi or an ARB.7,8

 

Bayer also recently announced the initiation of the FINEARTS-HF study, a multicenter, randomized, double-blind, placebo-controlled Phase III study that will investigate finerenone compared to placebo in more than 5,500 symptomatic heart failure patients (New York Heart Association class II-IV) with a left ventricular ejection fraction of ≥40%.9 The primary objective of the study is to demonstrate superiority of finerenone over placebo in reducing the rate of the composite endpoint of cardiovascular death and total (first and recurrent) heart failure (HF) events (defined as hospitalizations for HF or urgent HF visits).9

 

About KERENDIA

INDICATION:

  • KERENDIA is indicated to reduce the risk of sustained eGFR decline, end-stage kidney disease, cardiovascular death, nonfatal myocardial infarction, and hospitalization for heart failure in adult patients with chronic kidney disease (CKD) associated with type 2 diabetes (T2D)4

 

IMPORTANT SAFETY INFORMATION

CONTRAINDICATIONS:

  • Concomitant use with strong CYP3A4 inhibitors4
  • Patients with adrenal insufficiency4

 

WARNINGS AND PRECAUTIONS:

  • Hyperkalemia: KERENDIA can cause hyperkalemia. The risk for developing hyperkalemia increases with decreasing kidney function and is greater in patients with higher baseline potassium levels or other risk factors for hyperkalemia. Measure serum potassium and eGFR in all patients before initiation of treatment with KERENDIA and dose accordingly. Do not initiate KERENDIA if serum potassium is >5.0 mEq/L4 

    Measure serum potassium periodically during treatment with KERENDIA and adjust dose accordingly. More frequent monitoring may be necessary for patients at risk for hyperkalemia, including those on concomitant medications that impair potassium excretion or increase serum potassium4

 

MOST COMMON ADVERSE REACTIONS:

  • Adverse reactions reported in ≥1% of patients on KERENDIA and more frequently than placebo: hyperkalemia (18.3% vs. 9%), hypotension (4.8% vs. 3.4%), and hyponatremia (1.4% vs. 0.7%)4

 

DRUG INTERACTIONS:

  • Strong CYP3A4 Inhibitors: Concomitant use of KERENDIA with strong CYP3A4 inhibitors is contraindicated. Avoid concomitant intake of grapefruit or grapefruit juice4
  • Moderate and Weak CYP3A4 Inhibitors: Monitor serum potassium during drug initiation or dosage adjustment of either KERENDIA or the moderate or weak CYP3A4 inhibitor and adjust KERENDIA dosage as appropriate4
  • Strong and Moderate CYP3A4 Inducers: Avoid concomitant use of KERENDIA with strong or moderate CYP3A4 inducers4

 

USE IN SPECIFIC POPULATIONS:

  • Lactation: Avoid breastfeeding during treatment with KERENDIA and for 1 day after treatment4
  • Hepatic Impairment: Avoid use of KERENDIA in patients with severe hepatic impairment (Child Pugh C) and consider additional serum potassium monitoring with moderate hepatic impairment (Child Pugh B)4

 

Please read the Prescribing Information for KERENDIA.

 

About Chronic Kidney Disease Associated with Type 2 Diabetes

Patients with CKD associated with T2D are three times more likely to die from a cardiovascular-related cause than those with T2D alone.5 CKD is a serious and progressive condition that is generally underrecognized.10 CKD is a frequent complication arising from T2D and is also an independent risk factor of cardiovascular disease.11,12,13 Approximately 40% of all patients with T2D develop CKD.11 Despite guideline-directed therapies, patients with CKD associated with T2D remain at high risk of CKD progression and cardiovascular events.12,13,14,15 T2D is the leading cause of end-stage kidney disease, which requires dialysis or a kidney transplant to stay alive.16,17,18

 

About Bayer’s Commitment in Cardiovascular and Kidney Diseases

Bayer is an innovation leader in the area of cardiovascular diseases, with a long-standing commitment to delivering science for a better life by advancing a portfolio of innovative treatments. The heart and the kidneys are closely linked in health and disease, and Bayer is working in a wide range of therapeutic areas on new treatment approaches for cardiovascular and kidney diseases with high unmet medical needs. The cardiology franchise at Bayer already includes a number of products and several other compounds in various stages of preclinical and clinical development. Together, these products reflect the company’s approach to research, which prioritizes targets and pathways with the potential to impact the way that cardiovascular diseases are treated.

 

About Bayer

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

 

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Forward-Looking Statements

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

 

References

  1. Pitt B. FIGARO-DKD: finerenone in patients with chronic kidney disease and type 2 diabetes. Oral presentation at: ESC Congress 2021: The Digital Experience. August 28, 2021. Sophia Antipolis, France. https://digital-congress.escardio.org/ESC-Congress/sessions/2831-hot-line-figaro-dkd-fidelity-analysis
  2. Filippatos G. FIDELITY Analysis: finerenone in mild-to-severe chronic kidney disease and type 2 diabetes. Oral presentation at: ESC Congress 2021: The Digital Experience. August 28, 2021. Sophia Antipolis, France. https://digital-congress.escardio.org/ESC-Congress/sessions/2831-hot-line-figaro-dkd-fidelity-analysis
  3. Bakris GL, Agarwal R, Anker SD, et al. Effect of finerenone on chronic kidney disease outcomes in type 2 diabetes. N Engl J Med. 2020;383:2219-2229. doi:10.1056/NEJMoa2025845
  4. KERENDIA (finerenone) [prescribing information]. Whippany, NJ: Bayer HealthCare Pharmaceuticals, Inc.; July 2021.
  5. Afkarian M, Sachs MC, Kestenbaum B, et al. Kidney disease and increased mortality risk in type 2 diabetes. J Am Soc Nephrol. 2013;24(2):302-308. doi:10.1681/ASN.2012070718
  6. Bansal N, Zelnick L, Bhat Z, et al. Burden and outcomes of heart failure hospitalizations in adults with chronic kidney disease. J Am Coll Cardiol. 2019;73(21):2691-2700. doi:10.1016/j.jacc.2019.02.071
  7. Ruilope LM, Agarwal R, Anker SD, et al. Design and baseline characteristics of the finerenone in reducing cardiovascular mortality and morbidity in diabetic kidney disease trial. Am J Nephrol. 2019;50(5):345-356. doi:10.1159/000503712
  8. Efficacy and safety of finerenone in subjects with type 2 diabetes mellitus and the clinical diagnosis of diabetic kidney disease (FIGARO-DKD). ClinicalTrials.gov. Accessed August 12, 2021. https://clinicaltrials.gov/ct2/show/NCT02545049
  9. Study to evaluate the efficacy (effect on disease) and safety of finerenone on morbidity & mortality in participants with heart failure and left ventricular ejection fraction greater or equal to 40% (FINEARTS-HF). ClinicalTrials.gov. Accessed August 12, 2021. https://clinicaltrials.gov/ct2/show/NCT04435626
  10. Breyer MD, Susztak K. Developing treatments for chronic kidney disease in the 21st century. Semin Nephrol. 2016;36(6):436-447. doi:10.1016/j.semnephrol.2016.08.001
  11. Bailey R, Wang Y, Zhu V, Rupnow MFT. Chronic kidney disease in US adults with type 2 diabetes: an updated national estimate of prevalence based on Kidney Disease: Improving Global Outcomes (KDIGO) staging. BMC Res Notes. 2014;7(1):415. doi:10.1186/1756-0500-7-415
  12. Anders HJ, Huber TB, Isermann B, Schiffer M. CKD in diabetes: diabetic kidney disease versus nondiabetic kidney disease. Nat Rev Nephrol. 2018;14(6):361-377. doi:10.1038/s41581-018-0001-y
  13. Thomas MC, Brownlee M, Susztak K, et al. Diabetic kidney disease. Nat Rev Dis Primers. 2015;1:15018. doi:10.1038/nrdp.2015.18
  14. American Diabetes Association standards of medical care in diabetes – 2021. Diabetes Care. 2021;44(1):1-244. https://care.diabetesjournals.org/content/diacare/suppl/2020/12/09/44.Supplement_1.DC1/DC_44_S1_final_copyright_stamped.pdf
  15. KDIGO 2012 clinical practice guideline for the evaluation and management of chronic kidney disease. Kidney Int Suppl. 2013;3:5-14. https://kdigo.org/wp-content/uploads/2017/02/KDIGO_2012_CKD_GL.pdf
  16. National diabetes statistics report 2020: estimates of diabetes and its burden in the United States. Center for Disease Control and Prevention. Accessed July 9, 2021. https://www.cdc.gov/diabetes/pdfs/data/statistics/national-diabetes-statistics-report.pdf
  17. Stages of CKD. American Kidney Fund. Accessed May 11, 2021. https://www.kidneyfund.org/kidney-disease/chronic-kidney-disease-ckd/stages-of-chronic-kidney-disease/
  18. Incidence, prevalence, patient characteristics, and treatment modalities. United States Renal Data System. Accessed July 9, 2021. https://adr.usrds.org/2020/end-stage-renal-disease/1-incidence-prevalence-patient-characteristics-and-treatment-modalities

Contacts

Media Contact:
Patti Fernandez, Tel. +1 845.300.4091

E-Mail: patricia.fernandez.ext@bayer.com

Categories
Business

American Water’s Valoria Armstrong named by Philadelphia ‘Business Journal’ as a diversity leader in business

CAMDEN, N.J. — (BUSINESS WIRE) — American Water (NYSE: AWK), the largest publicly-traded U.S. water and wastewater utility company, announced that Valoria Armstrong, Chief Inclusion Officer and Vice President, External Affairs, was recognized by the Philadelphia Business Journal as a Diversity Leader in Business. The award recognizes diverse leaders that have demonstrated success in their respective fields and through philanthropic endeavors.

“I want to congratulate Valoria on this well-deserved recognition,” said Walter Lynch, president and CEO of American Water. “Creating an inclusive and diverse work environment is not something a company can achieve by checking off a series of boxes. It requires honest self-examination and a commitment to deep fundamental change. Val has dedicated herself to helping American Water create an environment where differences are embraced and where every person feels engaged and valued.”

 

American Water is committed to developing an inclusive and diverse workforce reflecting the communities it serves. Armstrong has helped strengthen this commitment through a comprehensive and integrated strategy to drive diversity, equity, mutual respect, and inclusiveness across the organization.

 

She is also responsible for government and regulatory affairs across American Water’s regulated businesses. Armstrong engages with key external stakeholders like the National Association of Regulatory Utility Commissioners, the U.S. Conference of Mayors, and the National Utilities Diversity Council.

 

Armstrong has a bachelor’s degree in business administration from Georgia Southern University and a master’s degree in human resource development from Villanova University.

 

Honorees represent a range of industries, from biotechnology and health care to government and law to higher education and nonprofits. Renamed this year, the Diversity Leaders in Business Awards showcase those who have made an indelible impact over the past 12 to 18 months.

 

This year’s honorees were celebrated at a live virtual event on Aug. 26 and were profiled in a special edition of the Philadelphia Business Journal on Aug. 27.

 

About American Water

With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to help make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.

Contacts

Media:
Joseph Szafran

External Affairs Manager

856-955-4304

joseph.szafran@amwater.com

Categories
Business

AM Best revises outlooks to negative for American Federated Insurance Company and American Federated Life Insurance Company

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” (Fair) of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS.

These Credit Ratings (ratings) reflect AFIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM). The ratings also reflect drag from the parent holding company, First Tower Finance Company LLC (First Tower Finance).

 

The ratings of AFLIC reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and marginal ERM. The ratings also reflect drag from the parent holding company, First Tower Finance.

 

The American Federated Insurance Companies are indirect, wholly owned subsidiaries of First Tower Finance, a multiline specialty finance company. Prospect Capital Corporation [NASDAQ: PSEC], a publicly traded closed-end investment company, indirectly owns an 80.1% majority interest in First Tower Finance and its subsidiaries.

 

AFIC provides credit insurance coverage on collateralized personal loans originated by the consumer finance subsidiaries of First Tower Finance, and involuntary unemployment insurance. AFLIC provides credit life and credit accident and health insurance coverages for the same individuals.

 

The drag on the ratings of AFIC and AFLIC reflects the considerable financial leverage with a deficit in members’ equity at First Tower Finance, stemming from a 2014 transaction involving the return of First Tower Finance’s capital to its members.

 

The outlook revisions to negative reflect AM Best’s concern that high financial leverage, high interest expenses and growing negative equity at First Tower Finance, the intermediate holding company, may place further pressure on AFIC and AFLIC for additional dividends or increased expense sharing.

 

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

Jeffrey Stary

Financial Analyst
+1 908 439 2200, ext. 5689
jeffrey.stary@ambest.com

Raymond Thomson, CPCU, ARe, ARM
Associate Director
+1 908 439 2200, ext. 5621
raymond.thomson@ambest.com

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

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

Categories
Business Technology

U.S. LPGA Championship & Olympic Golfer Lexi Thompson endorses Aetrex Orthotics

Elite athlete and longtime Aetrex customer advocates the use of orthotics for enhanced performance

 

TEANECK, N.J. — (BUSINESS WIRE) — Aetrex Worldwide, Inc. (“Aetrex”), the global market leader in foot scanning technology, orthotics and comfort & wellness footwear, today announced its first athletic partnership with Lexi Thompson, an LPGA Championship and Tokyo 2020 Olympic athlete, one of the most-credentialed players at a young age. As a longtime customer, Thompson has been leveraging Aetrex Orthotics to enhance her performance during training and tournaments.


Thompson became the youngest golfer to ever qualify to play in the U.S. Women’s Open at the age of 12, turned professional at age 15 and won her first major championship at the age of 19. In the summer of 2018, Thompson made the decision to seek out orthotics that could help alleviate frequent foot pain she had been experiencing due to low arches. After exploring and testing options from various brands, she found Aetrex Orthotics were the best fit for her, providing the comfort, support, and alignment she needed to perform at her best.

 

“Before using Aetrex Orthotics, I was suffering through a lot of foot pain, especially after a long day of training or while playing four rounds at a tournament,” said Thompson. “Three years ago, I decided to test a few orthotics and found that Aetrex’s Compete Orthotics worked best for me because they helped compensate for the low arch of my feet. They instantly made my golf shoes more comfortable and supportive, which has helped optimize my power transfer on the field and my overall stability. I can now regularly walk over 35 miles a week, as is common during training or when playing in a multi-round tournament, with no pain at all. I even wear them in my regular day-to-day shoes!”

 

For 75 years, Aetrex has been dedicated to the advancement of foot health and comfort solutions and is today recognized as the World’s Number 1 Foot Orthotics System and approved by the American Podiatric Association for better foot health.

 

“We’re very excited to be partnering with Lexi, a true golf champion who has an incredible background being one of the youngest LPGA golfers to win a Major,” said Larry Schwartz, CEO at Aetrex. “We’re excited to bring more awareness of our orthotics into the golfing arena. Lexi has been wearing our orthotics authentically for years to help improve her game, so we feel this partnership is a natural next step.”

 

Aetrex’s Compete product is the preferred choice of golfers throughout the world. Aetrex Orthotics are designed with their proprietary, strategically placed arch support and feature high-tech, lightweight, premium shock-absorbing materials, enhancing the user’s overall foot health. Designed to address various causes of foot pain, including plantar fasciitis, flat feet, ball of foot discomfort, and heel pain, Aetrex Orthotics provide biomechanical alignment, keeping the foot closer to the neutral position throughout the gait cycle. Proper alignment helps minimize overpronation and reduces stress on the plantar fascia, knees, hips and back.

 

For more information about Aetrex and Aetrex Orthotics, please visit www.aetrex.com.

 

About Aetrex

Aetrex Worldwide, Inc. is widely recognized as the global leader in foot scanning technology, orthotics, and comfort and wellness footwear. Aetrex has developed state-of-the-art foot scanning devices, including Albert, Albert 2 and iStep, designed to accurately measure feet and determine foot type and pressure points. Since 2002, Aetrex has placed over 10,000 scanners worldwide that have performed more than 40 million unique customer foot scans, currently averaging more than 2.5 million scans a year.

 

The company is renowned for its over-the-counter orthotics – the worlds #1 foot orthotic. With fashion, function and quality at the forefront, Aetrex also designs and manufactures stylish, performance footwear. Based in New Jersey, Aetrex is consistently named one of New Jersey’s Top 100 Privately Held Companies and was also included in NJBIZ’s Top 30 Manufacturing Companies. It has remained privately owned by the Schwartz family for three generations. For additional information, visit www.aetrex.com.

Contacts

Rajira Hernandez

Matter Communications

978-225-8082

aetrex@matternow.com