Categories
Business Environment Science

American Water to discuss third quarter 2022 earnings and initiation of 2023 earnings guidance on Nov. 1, 2022

CAMDEN, N.J. — (BUSINESS WIRE) — American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its 2022 third quarter financial results and 2023 earnings guidance after the market closes on Monday, Oct. 31, 2022.

Susan Hardwick, president, and chief executive officer; Cheryl Norton, executive vice president and chief operating officer, and John Griffith, executive vice president and chief financial officer, will host a conference call and webcast with investors, analysts and other interested parties on Tuesday, Nov. 1, 2022, at 9 a.m. Eastern Daylight Time. The call will include a discussion of third quarter 2022 results, initiation of 2023 earnings guidance, and discussion of long-term financial targets. There will be a question-and-answer session as part of the call.

 

Interested parties may listen to an audio webcast of the conference call through a link on the Investor Relations website at ir.amwater.com. Presentation slides that will be used in conjunction with the earnings conference call will also be made available online in advance at ir.amwater.com. A replay of the audio webcast will be available for one year on American Water’s investor relations website at ir.amwater.com/events. The company recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under SEC Regulation FD.

 

About American Water

With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.

AWK-IR

Contacts

Investor:
Aaron Musgrave

Vice President, Investor Relations

(856) 955-4029

aaron.musgrave@amwater.com

Media:
Maureen Duffy

Senior Vice President, Communications and External Affairs

(856) 955-4163

maureen.duffy@amwater.com

Categories
Business Lifestyle Technology

Seabury Solutions applies AI to scheduling, data wrangling and revenue potential forecasting

 Seabury Solutions integrates AI (Artificial Intelligence) solutions to improve financial and operational models, for its growing solutions platform

 

AMSTERDAM — (BUSINESS WIRE) — #artificialintelligence–Seabury Solutions, a market leader in providing Information Technology solutions for the aviation industry, announced today the integration of AI solutions through strategic partnerships.


“Aurora’s intelligent scheduling technology improves MRO throughput, resulting in improved transparency and reduced costs, while also resulting in superior operations management. Aurora was developed to help tackle difficult, mission-critical scheduling problems—by using artificial intelligence technologies to encode extensive expert domain knowledge with advanced algorithms to generate more efficient schedules. Today, Aurora manages the most demanding operations for organizations such as The Boeing Company, Mitsubishi Heavy Industries, Bombardier Learjet, Spirit AeroSystems, General Dynamics Electric Boat, Korea Aerospace Industries, and the US Air Force, US Space Force, and US Navy,” says Richard Stottler, President, Stottler Henke.

 

“Having seen OEMs and Tier 1s invest in predictive maintenance driven AI channels, it was crucial that AI found its way into enhancing data quality and integrity using data driven models. This acts as a segway into helping organizations visualize commercial impact of decisions using an Aircraft, Engine or Component’s Airworthiness and Maintenance data. KeepFlying sees great potential for Airlines, MROs, Lessors and Banks to create financial twins for the Assets they operate, lease, maintain and finance to predict costs, revenues, asset placement commercial potentials and risks using Machine Learning models trained across different Aircraft and Engine types,” remarked KeepFlying CEO, Sriram Haran.

 

“Our decision to include AI into our Functional Architecture was taken right before the Pandemic started and it was included in our road map together with a 5-year plan to execute it. After understanding the necessity of tools driven by AI in areas such as Scheduling, Planning, Revenue Forecasting (specifically for Airframe and Engines MROs, lessors and Financial Institutions) we took the challenge of inviting specialized strategic partners to deliver a set of solutions that will only improve our digital transformation platform and benefit not only current but also future customers,” stated Seabury Solutions CEO & President, Bijoy Mechery.

 

ABOUT STOTTLER HENKE ASSOCIATES Inc.

ABOUT KEEPFLYING

ABOUT SEABURY SOLUTIONS

Contacts

mkt@seaburysolutions.com
www.seaburysolutions.com/

Categories
Art & Life Culture Lifestyle

Raspberry Blush 2008-30 takes center stage as the Benjamin Moore color of the year 2023

The Color Trends 2023 Palette Puts Bold Color in the Spotlight with Eight Standout Hues

 

MONTVALE, N.J. — (BUSINESS WIRE) — #ColorTrends2022–Benjamin Moore, North America’s favorite paint, color and coatings brand, released its Color of the Year 2023 as Raspberry Blush 2008-30 – a saturated red-orange that enlivens our surroundings while awakening our senses with charismatic color. This vivacious color is unapologetic in its boldness as it encourages a confident color statement.


“People are ready to bring color back into the home, taking a step outside their color comfort zones,” said Andrea Magno, Color Marketing & Development Director at Benjamin Moore. “Raspberry Blush 2008-30 and the Color Trends 2023 palette empower the use of statement colors that deliver delight and personality, while transforming rooms for incredible results.”

 

To commemorate this year’s selection, Benjamin Moore enlisted renowned electro-funk duo Chromeo to underscore the upbeat and optimistic tone of the palette and the dynamic role color plays in self-expression, much like music. Debuting today, Chromeo’s new song, ‘Raspberry Blush’ celebrates the positivity and enjoyment of life that both color and music can influence. Designers and DIYers alike can experience the Color Trends 2023 palette at events taking place in select cities, and explore eight curated playlists that reflect the personality of each color and the spirit of the palette on Spotify.

 

Leaning into deeply saturated colors with undeniable charisma, the Color Trends 2023 palette celebrates the use of color to influence dramatic transformations. As living spaces are often an expression of individuality and personal style, the palette emboldens designers and homeowners to take color to unexpected places using eight Benjamin Moore paint colors:

  • Raspberry Blush 2008-30
  • Conch Shell 052
  • Wenge AF-180
  • Cinnamon 2174-20
  • New Age 1444
  • Starry Night Blue 2067-20
  • North Sea Green 2053-30
  • Savannah Green 2150-30

 

To learn more about the Benjamin Moore Color of the Year and Color Trends 2023 palette, order color samples or to locate a Benjamin Moore retailer, visit benjaminmoore.com. For more information, search #ColorTrends2023 on social media channels including Instagram (@benjaminmoore), Facebook (Benjamin Moore Paints), Pinterest (Benjamin Moore), YouTube (BenjaminMoorePaints), TikTok (benjaminmoore) and Twitter (@Benjamin_Moore).

 

About Benjamin Moore

Founded in 1883, Benjamin Moore is North America’s favorite paint, color and coatings brand. A leading manufacturer of premium quality residential and commercial coatings, Benjamin Moore maintains a relentless commitment to innovation and sustainable manufacturing practices. The portfolio spans the brand’s flagship paint lines including Aura®, Regal® Select, Ultra Spec®, ben®, ADVANCE®, ARBORCOAT® and more. Benjamin Moore is renowned for its expansive color collection of more than 3,500 colors, and its design tools for consumers and professionals alike, including the Benjamin Moore Color Portfolio® app. Benjamin Moore paints are available exclusively from 7,500 locally owned and operated paint, decorating and hardware retailers throughout the United States and Canada as well as 75 countries globally.

Contacts

Kimberly Flores

Benjamin Moore

pressrequests@benjaminmoore.com

Categories
Education Technology

Barnes & Noble Education and University of Memphis to launch Tigers SmartStart, a BNC First Day® Complete program, to enhance student success

Barnes & Noble College to Manage all Course Materials, Retail Merchandise and Online Bookstore Services at University of Memphis

Nearly 22,000 Students Will Have Access to All Required Textbooks, Lab Manuals, Access Codes and Electronic Book Versions Before the First Day of Class

 

BASKING RIDGE, N.J. — (BUSINESS WIRE) — Barnes and Noble College (BNC), a Barnes & Noble Education, Inc. (NYSE: BNED) company and leading solutions provider for the education industry, today announced the upcoming launch of First Day® Complete at University of Memphis (UofM).

 

Starting October 10, 2022, Barnes & Noble College (BNC), which operates BNED’s campus bookstores and associated school branded e-commerce sites, began to manage all course materials, retail merchandise and online bookstore services for UofM, and will be implementing Tigers SmartStart for nearly 22,000 UofM students for the Spring 2023 Term.

With BNC as its new bookstore operator, UofM will offer an expanded assortment of logo apparel and gifts, school supplies, technology, convenience items and more. Through its strategic alliance with Fanatics and Lids, BNC will deliver an unparalleled best-in-class assortment of apparel and an exceptional retail experience to the UofM community. Merchandise will be available in store and online through the website , delivered with a dynamic and personalized experience for students, alumni and fans.

 

With the launch of Tigers SmartStart in Spring 2023, UofM students will have access to all required textbooks, lab manuals, access codes, digital materials and electronic books in a convenient bundle before the first day of class at average student savings of between 35-50% on the cost of course materials during their undergraduate career. Tigers SmartStart will allow undergraduate students to receive these required course materials at a rate of $24 per credit hour, regardless of how much each item costs to purchase separately.

 

By delivering all course materials via one highly convenient concierge service, Tigers SmartStart ensures students have access to all their required course materials on or before the first day of class, allowing them to engage with course content from day one, making them better prepared and facilitating their academic success. The program also offers academic freedom for faculty by allowing them to select the best course materials for their curriculum and leverage BNC’s deep relationships with more than 6,000 publishers, creating a one-stop, simplified experience.

 

“We are excited about our partnership with UofM as we implement Tigers SmartStart to enhance student outcomes,” said Jonathan Shar, President, Barnes & Noble College. “Tigers SmartStart ensures students are prepared to begin learning on day one, driving greater student success while also offering a more affordable and convenient way for students to obtain their course materials. We support UofM’s mission of providing the highest quality education, and through this partnership, we will provide a wide range of academic solutions and a seamless retail experience to help to drive success for UofM’s students in the classroom and beyond. We look forward to working with UofM and our other partner schools to continue delivering solutions that empower academic success for all students.”

 

“Access and affordability for students are among our core principles at the University of Memphis, and this initiative aligns perfectly with those efforts,” said UofM Interim Provost Abby Parrill-Baker. “We are excited to partner with Barnes & Noble College, and we appreciate their commitment to providing pathways for student success on our campus and across the country.”

 

With Tigers SmartStart, instead of purchasing course materials a la carte, the cost is included in each student’s account when tuition is charged. In December 2022, students will receive an email from the UofM bookstore prompting them to select their preferred delivery method for their fall semester materials. The bookstore will prepare materials for each student and notify them when materials are available for in-store pickup or have shipped. Digital materials will be automatically delivered to students.

 

Hear what students, faculty and administrators had to say about their experiences using First Day Complete and how it has made a positive impact at their institutions. Watch the video, here.

 

For more information about BNC’s First Day Complete, visit, www.bncollege.com/academic-solutions/first-day-complete/.

Barnes & Noble College, a Barnes & Noble Education company, currently operates more than 770 campus stores nationwide. For more information about Barnes & Noble College’s services and locations, visit http://www.bncollege.com.

 

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 Contact:
Carolyn J. Brown

Senior Vice President

Corporate Communications & Public Affairs

908-991-2967

cbrown@bned.com

Categories
Business Culture Perks

Beyond Fifteen Communications, Inc. makes internal promotion and adds three new employees

Leading Orange County Marcom Firm Brings on Strategic New Hires and Announces Internal Promotion to Bolster Offerings and Better Serve its Growing Client Roster

 

IRVINE, Calif. — (BUSINESS WIRE) — #AgencyBeyond Fifteen Communications, Inc. (Beyond Fifteen), an Orange County-based full-service public relations (PR), digital marketing, social media and influencer marketing agency has hired three new employees located in Florida, Texas and New Jersey to widen its footprint and strengthen its U.S. service offerings.

 

In addition, after three years at the agency and countless high-profile earned media successes on behalf of some of the firm’s largest clients, eleven-year industry veteran, Jennifer Magaña, was promoted to senior account executive, PR division lead.


“Over the last year, more new brands have sought out our services to efficiently and effectively reach targeted audiences to grow brand awareness, support lead generation programs and bolster sales,” said Leslie Licano, Beyond Fifteen co-founder. “To complement the strengths of our current team and support growth, we have added three new hires that bring specific experience in social content creation, execution and measurement to help our clients reach their business goals. In addition, we are proud to re-invest in our PR division with the promotion of Jennifer to focus even more heavily on the strategic, systematic and ongoing improvement of our team’s proven public relations competency.”

 

Brianne Giordano brings four years of agency experience to her new role as digital advertising specialist. She has worked with dozens of entrepreneurs, executive teams and businesses to successfully market their products, services and brands and is skilled at developing creative strategies and innovative solutions to help level-up client results.

 

Brelyn Bashrum joined the team as an account coordinator following her graduation from Texas Tech University where she earned her bachelor’s degree in advertising with a minor in public relations. During her first few months with the firm, she has already contributed to the successes of both the digital and PR teams, and agency clients have benefitted from her strong writing skills and ability to develop messaging that resonates with their audiences.

 

Connor Emert brings both traditional and digital marketing prowess to his role at Beyond Fifteen. As a recent graduate of the University of Central Florida with a bachelor’s degree in advertising and public relations and a minor in writing and rhetoric, he has continued to stay current with industry trends and earned a certificate in Google Display Ads and SEO during his first months with the agency. He has also contributed to some of the firm’s strongest media wins including Men’s Health, MSN and Best Life Online, and has drafted top-performing digital content.

 

Since joining Beyond Fifteen in 2019, Jennifer Magaña has landed coverage for clients in leading publications, including Forbes, Good Day LA, Inc., MSN, USA Today, Yahoo! News and Business Insider, and has been a strong leader and mentor to junior staff. As the firm’s new media relations lead, she is responsible for the oversight and continual improvement of Beyond Fifteen’s earned media division as part of the organization’s senior leadership team.

 

Beyond Fifteen’s recent growth will support its roster of more than 24 client brands including publicly traded solar provider, Sunworks; B-Corporation financial institution, Beneficial State Bank; the father of modern infidelity counseling, Dr. Talal Alsaleem; and prosthetic limb innovator, Xtremity.

 

“Not only has Beyond Fifteen been able to add new clients, but we have grown existing client scopes of work enabling them to benefit from a full-funnel, omni-channel marketing approach,” notes Beyond Fifteen co-founder, Lauren Ellermeyer. “Thanks to its continued growth, our agency has been able to not only create new jobs, but also offer internal development opportunities and cross-functional training to ensure our team continues to learn new skills in order to further enhance the value we deliver to clients.”

 

To learn more about Beyond Fifteen, visit www.beyondfifteen.com.

 

ABOUT BEYOND FIFTEEN COMMUNICATIONS: Beyond Fifteen Communications, Inc., an Orange County, Calif.-based firm launched in 2009, is a progressive, full-service public relations, digital marketing, social media and influencer marketing agency dedicated to providing powerful, goal-driven communications solutions that exceed client expectations and deliver far more than 15 minutes of fame. Beyond Fifteen combines the talent, capability and reach of a mega-agency with the personal service and dedication of a boutique firm. It is laser-focused on achieving measurable results for every client it serves. Follow Beyond Fifteen on Facebook, Twitter, LinkedIn and Instagram. For more information, visit www.beyondfifteen.com.

Contacts

Leslie Licano, Beyond Fifteen Communications, Inc.

leslie@beyondfifteen.com | 949-733-8679 x 101

Categories
Business Healthcare

Hinge Health surpasses 1,000 enterprise customers, now accessible to 21 million lives

Doubles customer base in the last 12 months and leads with 80% market share for digital MSK solutions


SAN FRANCISCO — (BUSINESS WIRE) — Hinge Health announces that it has crossed over 1,000 self-insured employer customers just 12 months after reaching the 500 customer milestone. The company has added more customers in the past 12 months than in the prior 7 years combined. Including fully-insured groups and other risk pools, over 21 million lives across tens of thousands of employers from every major private and public sector now have access to Hinge Health.

 

At a time of economic uncertainty coupled with a tight labor market, more employers than ever are turning to Hinge Health’s Digital MSK Clinic to reduce claim costs while attracting and retaining employees through a better benefits experience. Four in five employers, 90% of the health plans, and the top-3 PBMs with a digital MSK solution have partnered with Hinge Health.

 

“We’re humbled by the trust our enterprise partners have shown in allowing us to deliver accessible back and joint care to millions of people,” said Daniel Perez, co-founder and CEO, Hinge Health. “We promise to never take their trust for granted, as we continue to invest in creating the best member experience, superior clinical outcomes, and reducing avoidable costs.”

 

Enterprises continue to choose Hinge Health for its relentless focus on driving groundbreaking innovations in the MSK space that includes:

  • End-to-end MSK care accessible through a single app
  • Nationally accessible Women’s Pelvic Health program to address an enormous care gap, available through a member’s existing Hinge Health experience
  • Industry-leading motion technology combining wearable sensors and computer vision to deliver at-home exercise therapy with real-time feedback
  • Enso – the most advanced nerve stimulation device for effective, non-addictive pain relief
  • HingeConnect to integrate with 1 million in-person providers allowing real-time intervention when a member is referred for surgery or prescribed opiates

 

“As one of Hinge Health’s first customers we weren’t sure of the impact the offering would have on our associates,” said Joe Tonolio, senior director of benefits, US Foods. “But after 5 years with Hinge Health, they remain one of our best benefits decisions. Hinge Health’s solution is a great example of supporting the US Foods cultural belief of You Matter.”

 

Hinge Health has published 9 peer-reviewed publications on pain reduction outcomes and 3 independently validated ROI studies. The latest among them is the industry’s largest medical claims analysis across 136 employer groups, which found a $2,387 cost savings per participant enrolled in the company’s Digital MSK Clinic.

 

“Digital MSK care has the potential to transform chronic pain treatment for millions across America,” said Dr. D.J. Kennedy, M.D., professor and chair of physical medicine and rehabilitation, Vanderbilt University Medical Center. “Hinge Health has gone beyond convenient care access to deliver a clinically superior program to its members. It has set the standard for the whole industry.

 

About Hinge Health

Hinge Health is building the world’s most patient-centered Digital Musculoskeletal (MSK) Clinic™. It is now the leading Digital MSK Clinic, used by four in five employers and 90% of health plans with a digital MSK solution. Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable sensors and computer vision technology with a comprehensive clinical care team of physical therapists, physicians, and board-certified health coaches. Hinge Health’s HingeConnect integrates with 1 million+ in-person providers and enables real-time interventions for elective MSK surgeries, driving proven medical claims reduction. Available to millions of members, Hinge Health is widely trusted by leading organizations, including Land O’Lakes, L.L. Bean, Salesforce, Self-Insured Schools of California, Southern Company, State of New Jersey, US Foods, and Verizon. Learn more at http://www.hingehealth.com.

Contacts

Erica Osian

media@hingehealth.com

Categories
Business Local News Science

US LBM chooses Billtrust to provide enterprise-wide automated accounts receivable capabilities

Specialty Building Materials Distributor Adopts Billtrust Solutions for its 56 U.S. Divisions

 

LAWRENCEVILLE, N.J. — (BUSINESS WIRE) — Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced today that US LBM, the largest privately owned, full-line distributor of specialty building materials in the U.S., has chosen Billtrust as its enterprise-wide accounts receivable platform. By standardizing their automated accounts receivable capability with Billtrust, US LBM can grow electronic payments and maximize cash flow while optimizing the order-to-cash process.

Leveraging Billtrust Credit, Invoicing and Payments and Cash Application solutions, US LBM’s more than 400 locations nationwide are now able to provide B2B buyers with more digital payment options and an enhanced customer experience.

 

“Many of our local divisions have already seen AR automation success with Billtrust, and expanding our collaboration supports our growth strategy while driving substantial operating efficiency and improved cash flow,” said US LBM Executive Vice President and CFO Pat McGuiness. “Billtrust offers us an integrated solution which scales and standardizes our processes across the organization while supporting electronic invoicing and payments.”

 

“We are proud and thankful for the trust and belief that US LBM has in Billtrust,” said Steve Pinado, Billtrust President. “This enterprise-wide collaboration will enable US LBM to centralize their digital transformation efforts and support strategic growth.”

 

About Billtrust

Billtrust is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based. Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, invoicing, cash application and collections. For more information, visit Billtrust.com.

 

About US LBM

US LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit uslbm.com or follow US LBM on LinkedIn.

 

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the benefits and synergies that may be realized by Billtrust (“the Company”) and US LBM as a result of the collaboration. These forward-looking statements are subject to a number of risks and uncertainties, including our ability to integrate with customers’ and partners’ application programming interfaces for their billing and payment systems and with third-party technologies; our ability to develop partnerships with financial institutions, third-party service providers, processing providers and other financial services suppliers; our ability to implement services provided by us or our partners; our ability to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations and payment methods, demand for product enhancements, new product features, and changing business needs, requirements or preferences and the risks discussed in Billtrust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on March 9, 2022, under the heading “Risk Factors” and other documents of Billtrust filed, or to be filed, with the SEC, including Billtrust’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed with the SEC on August 9, 2022. If any of these risks materialize or any of Billtrust’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Billtrust presently does not know of or that Billtrust currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Billtrust’s expectations and views as of the date of this press release. While Billtrust may elect to update these forward-looking statements at some point in the future, Billtrust specifically disclaims any obligation to do so other than to the extent required by applicable law. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

Investors

John T. Williams

IR@billtrust.com

Media

Paul Accardo

PR@billtrust.com

Categories
Business Healthcare Science

Bayer’s KERENDIA® (finerenone) receives grade A recommendation as treatment option for patients with chronic kidney disease associated with type 2 diabetes in latest guideline update from American Association of Clinical Endocrinology

  • AACE task force recognized KERENDIA with a grade A recommendation* as a treatment option for patients with chronic kidney disease (CKD) associated with type 2 diabetes (T2D), an estimated glomerular filtration rate (eGFR) ≥25 mL/min/1.73 m2, normal serum potassium concentration and albuminuria (urine albumin-to-creatinine ratio ≥30 mg/g) despite maximum tolerated dose of renin-angiotensin-system inhibitor1
  • AACE recommended KERENDIA for kidney and cardiovascular (CV) benefits in CKD associated with T2D, based on its ability to reduce the risk of sustained eGFR decline, end-stage kidney disease, CV death, non-fatal myocardial infarction and hospitalization for heart failure1
  • Recommendation follows recent recognition by the American Diabetes Association Standards of Medical Care in Diabetes—2022 with a new grade A recommendation** for improving CV outcomes and reducing the risk of CKD progression in patients with CKD associated with T2D2

 

WHIPPANY, N.J. — (BUSINESS WIRE) — The American Association of Clinical Endocrinology (AACE) issued an update to its Developing a Diabetes Mellitus Comprehensive Care Plan guideline, which included a grade A recommendation* for Bayer’s KERENDIA® (finerenone), a first-in-class non-steroidal mineralocorticoid receptor antagonist (ns-MRA), for the management of patients with chronic kidney disease (CKD) associated with type 2 diabetes (T2D).1

KERENDIA was approved by the FDA in July 2021 to reduce the risk of sustained estimated glomerular filtration rate (eGFR) decline, end-stage kidney disease, cardiovascular (CV) death, non-fatal myocardial infarction (MI) and hospitalization for heart failure in adult patients with CKD associated with T2D, based on the results of the FIDELIO-DKD pivotal trial.3 The KERENDIA label contains a Warning and Precaution that KERENDIA can cause hyperkalemia.3 For more information, see “Important Safety Information” below.

 

The updated AACE guideline included a recommendation for KERENDIA, an ns-MRA with proven kidney and cardiovascular disease (CVD) benefits, for patients with CKD associated with T2D who have an eGFR ≥25 mL/min/1.73 m2, normal serum potassium concentration and albuminuria (urine albumin-to-creatinine ratio ≥30 mg/g) despite maximum tolerated dose of renin-angiotensin-system (RAS) inhibitor.1 The recommendation is based on data that demonstrated KERENDIA’s ability to reduce the risk of sustained eGFR decline, end-stage kidney disease, CV death, non-fatal MI and hospitalization for heart failure.1

 

The guideline takes a fresh look at the latest evidence in today’s environment and provides robust guidance for clinicians to ensure we are providing the highest standards of care,” said Susan L. Samson, M.D., Ph.D., FRCPC, FACE, Interim President Elect and Treasurer of AACE and an author of the guideline in AACE’s press release. “AACE has led the way with clinical knowledge of endocrinology since 1991, and I am proud that with this updated guideline, we can continue to be a proactive force in providing diabetes education, support and guidance.”4

 

The latest AACE guideline helps patients and their care teams better understand the treatments and resources available and equips them with the latest scientific evidence to aid critical decisions for optimal disease management,” said Amit Sharma, M.D., Vice President of Cardiovascular and Renal, U.S. Medical Affairs at Bayer. “AACE’s latest guideline update reinforces KERENDIA as a fundamental pillar in the treatment algorithm for preserving kidney function and providing dual cardiorenal risk reduction in chronic kidney disease associated with type 2 diabetes patients with a broad range of chronic kidney disease severity.”1,3

 

In a joint consensus statement released by the American Diabetes Association (ADA) and Kidney Disease: Improving Global Outcomes (KDIGO) earlier this month, the clinical bodies recommended inclusion of KERENDIA in the treatment regimen of patients with CKD associated with T2D who have an eGFR ≥25 mL/min/1.73 m2, normal serum potassium concentration and albuminuria (urine albumin-to-creatinine ratio ≥30 mg/g) despite maximum tolerated dose of RAS inhibitor.5

 

*Recommendations that are granted a grade A recommendation are based on strong evidence proven through clinical trials per the AACE protocols.1

**Recommendations with an A rating, the ADA’s highest recommendation, are based on large, well-designed clinical trials or well-done meta-analyses that have the best chance of improving outcomes. Generally, these recommendations have the best chance of improving outcomes when applied to the population to which they are appropriate.6

 

About AACE’s Clinical Practice Guideline: Developing a Diabetes Mellitus Comprehensive Care Plan—2022 Update

AACE guidelines are designed to elevate the practice of clinical endocrinology to benefit patients and are aimed at providing new evidence-based clinical practice recommendations for comprehensive care.1 The 2022 guideline features 170 updated and new evidence-based clinical practice recommendations for diabetes at every stage, including prevention, diagnosis and treatment.1 The 2022 guideline, updated from the 2015 guideline by a task force inclusive of medical experts and staff, synthesizes thousands of articles to provide health care professionals with the latest evidence-based information on the total care of diabetes.1 The 2022 update includes, among other topics, guidance on the use of newer antihyperglycemic therapies with enhanced safety and classes of drugs that reduce the risk of cardiovascular disease, heart failure and/or chronic kidney disease, independent of glycemic control.1

 

About KERENDIA (finerenone)

INDICATION:

  • KERENDIA is indicated to reduce the risk of sustained eGFR decline, end-stage kidney disease, cardiovascular death, non-fatal myocardial infarction, and hospitalization for heart failure in adult patients with chronic kidney disease (CKD) associated with type 2 diabetes (T2D).3

 

IMPORTANT SAFETY INFORMATION

CONTRAINDICATIONS:

  • Concomitant use with strong CYP3A4 inhibitors3
  • Patients with adrenal insufficiency3

 

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/L.3 

    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 potassium.3

 

MOST COMMON ADVERSE REACTIONS:

  • From the pooled data of 2 placebo-controlled studies, the adverse reactions reported in ≥1% of patients on KERENDIA and more frequently than placebo were hyperkalemia (14% vs 6.9%), hypotension (4.6% vs 3.9%), and hyponatremia (1.3% vs 0.7%).3

DRUG INTERACTIONS:

  • Strong CYP3A4 Inhibitors: Concomitant use of KERENDIA with strong CYP3A4 inhibitors is contraindicated. Avoid concomitant intake of grapefruit or grapefruit juice.3
  • 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 appropriate.3
  • Strong and Moderate CYP3A4 Inducers: Avoid concomitant use of KERENDIA with strong or moderate CYP3A4 inducers.3

USE IN SPECIFIC POPULATIONS:

  • Lactation: Avoid breastfeeding during treatment with KERENDIA and for 1 day after treatment.3
  • 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).3

 

Please read the Prescribing Information for KERENDIA.

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 CV outcomes.3

 

FIDELIO-DKD (FInerenone in reducing kiDnEy faiLure and dIsease prOgression in Diabetic Kidney Disease) and FIGARO-DKD (FInerenone in reducinG cArdiovascular moRtality and mOrbidity in Diabetic Kidney Disease) studies were randomized, double-blind, placebo-controlled, multicenter studies in adult patients with chronic kidney disease (CKD) associated with type 2 diabetes (T2D).3 In FIDELIO-DKD, patients needed to either have an UACR of 30 to < 300 mg/g, eGFR 25 to < 60 mL/min/1.73 m2 and diabetic retinopathy, or an UACR of ≥ 300 mg/g and an eGFR of 25 to < 75 mL/min/1.73 m2 to qualify for enrollment.3 In FIGARO-DKD, patients needed to have an UACR of 30 mg/g to < 300 mg/g and an eGFR of 25 to 90 mL/min/1.73 m2, or an UACR ≥ 300 mg/g and an eGFR ≥ 60 mL/min/1.73 m2.3

 

Both trials excluded patients with known significant non-diabetic kidney disease.3 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 angiotensin-converting enzyme inhibitor (ACEi) or angiotensin receptor blocker (ARB).3 Patients with a clinical diagnosis of chronic heart failure with reduced ejection fraction and persistent symptoms (New York Heart Association class II to IV) were excluded.3 The starting dose of KERENDIA was based on screening eGFR (10 mg once daily in patients with an eGFR of 25 to < 60 mL/min/1.73 m2 and 20 mg once daily in patients with an eGFR ≥ 60 mL/min/1.73 m2).3 The dose of KERENDIA could be titrated during the study, with a target dose of 20 mg daily.3

 

The primary objective of the FIDELIO-DKD study was to determine whether KERENDIA reduced the incidence of a sustained decline in eGFR of ≥ 40%, kidney failure (defined as chronic dialysis, kidney transplantation, or a sustained decrease in eGFR to < 15 mL/min/1.73 m2), or renal death.3 The secondary outcome was a composite of time to first occurrence of CV death, non-fatal MI, non-fatal stroke or hospitalization for heart failure.3 The primary objective of the FIGARO-DKD study was to determine whether KERENDIA reduced the time to first occurrence of CV death, non-fatal MI, non-fatal stroke or hospitalization for heart failure.3 The secondary outcome was a composite of time to kidney failure, a sustained decline in eGFR of 40% or more compared to baseline over at least 4 weeks, or renal death.3

 

In FIDELIO-DKD, a total of 5674 patients were randomized to receive KERENDIA (N=2833) or placebo (N=2841) and were followed for a median of 2.6 years.3 The mean age of the study population was 66 years, and 70% of patients were male.3 This global trial population was 63% White, 25% Asian, and 5% Black (24% Black in the US).3 At baseline, the mean eGFR was 44 mL/min/1.73 m2, with 55% of patients having an eGFR < 45 mL/min/1.73 m2.3 Median urine albumin-to-creatinine ratio (UACR) was 852 mg/g, mean glycated hemoglobin A1c (HbA1c) was 7.7%, and the mean blood pressure was 138/76 mmHg.3 Approximately 46% of patients had a history of atherosclerotic cardiovascular disease and 8% had a history of heart failure.3 At baseline, 99.8% of patients were treated with an ACEi or ARB.3 Approximately 97% were on an antidiabetic agent (insulin [64.1%], biguanides [44%], glucagon-like peptide-1 [GLP-1] receptor agonists [7%], sodium-glucose cotransporter 2 [SGLT2] inhibitors [5%]), 74% were on a statin, and 57% were on an antiplatelet agent.3

 

In FIGARO-DKD, a total of 7352 patients were randomized to receive KERENDIA (N=3686) or placebo (N=3666) and were followed for 3.4 years.3 As compared to FIDELIO-DKD, baseline eGFR was higher in FIGARO-DKD (mean eGFR 68, with 62% of patients having an eGFR ≥ 60 mL/min/1.73 m2) and median UACR was lower (308 mg/g).3 Otherwise, baseline patient characteristics and background therapies were similar in the two trials.3

 

In FIDELIO-DKD, KERENDIA 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).3 The treatment effect reflected a reduction in a sustained decline in eGFR of ≥ 40% and progression to kidney failure.3 There were few renal deaths during the trial. KERENDIA also reduced the incidence of the secondary composite endpoint of cardiovascular (CV) death, non-fatal myocardial infarction (MI), non-fatal stroke or hospitalization for heart failure (HR 0.86, 95% CI 0.75-0.99, P=0.034).3 The treatment effect reflected a reduction in CV death, non-fatal MI, and hospitalization for heart failure.3 The treatment effect on the primary and secondary composite endpoints was generally consistent across subgroups.3

 

In FIGARO-DKD, KERENDIA reduced the incidence of the primary composite endpoint of CV death, non-fatal MI, non-fatal stroke or hospitalization for heart failure (HR 0.87, 95% CI 0.76-0.98, P=0.026).3 The treatment effect was mainly driven by an effect on hospitalization for heart failure, though CV death also contributed to the treatment effect.3 The treatment effect on the primary composite endpoint was generally consistent across subgroups, including patients with and without pre-existing cardiovascular disease.3 The secondary composite outcome of kidney failure, sustained eGFR decline of 40% or more or renal death occurred in 350 patients (9.5%) in the finerenone group and in 395 (10.8%) in the placebo group (HR=0.87, 95% CI 0.76-1.01).3,7

 

The safety of KERENDIA was evaluated in 2 randomized, double-blind, placebo-controlled, multicenter pivotal phase 3 studies, FIDELIO-DKD and FIGARO-DKD, in which a total of 6510 patients were treated with 10 or 20 mg once daily over a mean duration of 2.2 and 2.9 years, respectively.3 Overall, serious adverse events occurred in 32% of patients receiving KERENDIA and in 34% of patients receiving placebo in the FIDELIO-DKD study; the findings were similar in the FIGARO-DKD study.3 Permanent discontinuations due to adverse events also occurred in a similar proportion of patients in the two studies (6-7% of patients receiving KERENDIA and in 5-6% of patients receiving placebo).3 From the pooled data of 2 placebo-controlled studies, the adverse reactions reported in ≥1% of patients on KERENDIA and more frequently than placebo were hyperkalemia (14% vs 6.9%), hypotension (4.6% vs 3.9%), and hyponatremia (1.3% vs 0.7%).3 The most frequently reported (≥ 10%) adverse reaction in both studies was hyperkalemia.3 Hospitalization due to hyperkalemia for the KERENDIA group was 0.9% vs 0.2% in the placebo group across both studies.3 Hyperkalemia led to permanent discontinuation of treatment in 1.7% receiving KERENDIA versus 0.6% of patients receiving placebo across both studies.3

 

About Chronic Kidney Disease Associated With Type 2 Diabetes

Patients with CKD associated with T2D are three times more likely to die from a CV-related cause than those with T2D alone.8 CKD is a serious and progressive condition that is generally underrecognized.9 CKD is a frequent complication arising from T2D and is also an independent risk factor of CV disease.10-12 Approximately 40% of all patients with T2D develop CKD.12 Despite guideline-directed therapies, patients with CKD associated with T2D remain at high risk of CKD progression and CV events.10,11,13,14 T2D is the leading cause of end-stage kidney disease, which requires dialysis or a kidney transplant to stay alive.15-17

 

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 the 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 2021, the Group employed around 100,000 people and had sales of 44.1 billion euros. R&D expenses before special items amounted to 5.3 billion euros. For more information, go to www.bayer.com.

 

Find more information at www.pharma.bayer.com.

Our online press service is just a click away: www.bayer.us/en/newsroom
Follow us on Facebook: http://www.facebook.com/pharma.bayer
Follow us on Twitter: https://twitter.com/BayerUS

 

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. Blonde L, Umpierrez GE, McGill JB, et al. American Association of Clinical Endocrinology clinical practice guideline: developing a diabetes mellitus comprehensive care plan—2022 update. Endocr Pract. 2022;S1530-891X(22)00576-6. doi:10.1016/j.eprac.2022.08.002.
  2. ADA Professional Practice Committee. Addendum. 10. Cardiovascular disease and risk management: standards of medical care in diabetes—2022. Diabetes Care. 2022;45(suppl 1):S144-S174. doi:10.2337/dc22-ad08
  3. KERENDIA (finerenone) [prescribing information]. Whippany, NJ: Bayer HealthCare Pharmaceuticals, Inc.; September 2022.
  4. American Association of Clinical Endocrinology. Updated diabetes guideline released by the American Association of Clinical Endocrinology features the latest state-of-the-science in diabetes care. Accessed September 2022. https://www.prnewswire.com/news-releases/updated-diabetes-guideline-released-by-the-american-association-of-clinical-endocrinology-features-the-latest-state-of-the-science-in-diabetes-care-301633516.html
  5. de Boer IH, Khunti K, Sadusky T, et al. Diabetes management in chronic kidney disease: a consensus report by the American Diabetes Association (ADA) and Kidney Disease: Improving Global Outcomes (KDIGO). Diabetes Care. 2022:dci220027. doi:10.2337/dci22-0027.
  6. American Diabetes Association Professional Practice Committee. Chronic kidney disease and risk management: standards of medical care in diabetes—2017. Diabetes Care. 2017;40(suppl 1):S1-S2. https://doi.org/10.2337/dc17-S001
  7. Pitt B, Filippatos G, Agarwal R, et al. Cardiovascular events with finerenone in kidney disease and type 2 diabetes. N Engl J Med. 2021;385(24):2252-2263. doi:10.1056/NEJMoa2110956
  8. 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.
  9. Breyer MD, Susztak K. Developing treatments for chronic kidney disease in the 21st century. Semin Nephrol. 2016;36(6):436-447.
  10. Anders HJ, Huber TB, Isermann B, et al. CKD in diabetes: diabetic kidney disease versus nondiabetic kidney disease. Nat Rev Nephrol. 2018;14:361-377.
  11. Thomas MC, Brownlee M, Susztak K, et al. Diabetic kidney disease. Nat Rev Dis Primers. 2015;1:1-20.
  12. Bailey RA, Wang Y, Zhu V, et al. 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
  13. KDIGO 2012 clinical practice guideline for the evaluation and management of chronic kidney disease. Kidney Int. 2013;3:1-150. https://kdigo.org/guidelines/ckd-evaluation-and-management/
  14. American Diabetes Association. Standards of medical care in diabetes—2021. Diabetes Care. 2021;44(1):1-244.
  15. National Diabetes Statistics Report 2020: Estimates of Diabetes and Its Burden in the United States. Centers for Disease Control and Prevention. Accessed July 9, 2021. https://www.cdc.gov/diabetes/pdfs/data/statistics/national-diabetes-statistics-report.pdf
  16. 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/
  17. United States Renal Data System. USRDS Annual Data Report. National Institutes of Health, National Institute of Diabetes and Digestive and Kidney Diseases; 2020. Accessed November 2021. https://adr.usrds.org/2020/chronic-kidney-disease/6-healthcare-expenditures-for-persons-with-ckd

Contacts

Media:
Elaine Colón
Tel. +1 732-236-1587
Email: elaine.colon@bayer.com

Categories
Business Lifestyle

Imperial Dade adds scale in Alabama, acquires Mobile Janitorial & Paper

Represents 56th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

 

JERSEY CITY, N.J. & MOBILE, Ala. — (BUSINESS WIRE) — Imperial Dade, a leading distributor of foodservice packaging and janitorial supplies, today announced its acquisition of Mobile Janitorial & Paper (“MJP” or the “Company”). Financial terms of the private transaction were not disclosed.

 

Mobile Janitorial & Paper is an exceptional distributor of janitorial sanitation and foodservice products. Owned and operated by Ray Fillingim, the Company continues its legacy and is known for its knowledgeable sales force, wide breadth of products, and high touch customer service. Now in partnership with Imperial Dade’s market leading platform, MJP’s customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.

 

“Ray and the Mobile Janitorial & Paper team has an established reputation for reliability and a customer centric sales approach in Mobile, which makes it a great addition to the Imperial Dade platform. I enthusiastically welcome the whole Mobile Janitorial & Paper team to the Imperial Dade family,” said Robert Tillis.

 

“Imperial Dade is a market leader with a strong culture and differentiated service quality, and we are excited to join their family. Under the leadership of Bob and Jason, we believe this partnership will strengthen our customer and supplier relationships,” said Ray Fillingim, owner and CEO of Mobile Janitorial & Paper.

 

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 90,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the food service packaging and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

Contacts

Imperial Dade

Paul Cervino

(201) 437-7440 x 2302

Categories
Business International & World

AM Best places Credit Ratings of Ghana Reinsurance PLC under review with negative implications

LONDON — (BUSINESS WIRE) — #insuranceAM Best has placed under review with negative implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Ghana Reinsurance PLC (Ghana Re) (Ghana).

These Credit Ratings (ratings) have been placed under review with negative implications while AM Best carries out an assessment of the impact of Ghana’s deteriorating economic and operating conditions on Ghana Re’s credit fundamentals. Despite some geographic diversification of its operations across the African continent, Ghana Re maintains significant exposure to Ghana, where approximately 50% of its revenue is generated and approximately 70% of its investments are held. In particular, Ghana Re is exposed to Ghanaian government bonds, as well as the domestic banking sector through cash and term deposits. High levels of inflation may also put pressure on the company’s underwriting operations.

 

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

 

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

 

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

Contacts

Dale Kirby
Financial Analyst
+44 20 7397 0276
dale.kirby@ambest.com

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

William Keen-Tomlinson
Associate Director, Analytics
+44 20 7397 4395
will.keen-tomlinson@ambest.com

Al Slavin
Communications Specialist
+1 908 439 2200, ext. 5098
alslavin@ambest.com