Categories
Business

Audiobook available for the AM Best Business Trilogy’s The Man

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has released an audiobook for The AM Best Business Trilogy’s The Man: A Biography of Alfred M. Best. Convenient for readers on the go, this version features sound effects for an enhanced listening experience.

The AM Best Business Trilogy is a three-book series that tells the story of AM Best, its founder and the credit rating industry. The Man, which currently is the only book of the three available in audio format, is the biography of Alfred M. Best—a man whose independence of thought and transparency in business sparked the beginning of the credit rating industry, while his personal tribulations humbled and strengthened him.

“It makes the life of the businessman fascinating,” remarked BlueInk Review. “It is this carefully documented presentation of the dark as well as the light that makes this biography so interesting.”

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

Contacts

Lee McDonald
Group Vice President, Publication & News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

Categories
Business Sports & Gaming

betPARX® mobile casino and sports betting app launches in Pennsylvania and New Jersey

RYIt’s Go Time!

BENSALEM, Pa. — (BUSINESS WIRE) — Greenwood Gaming & Entertainmenty, Inc., parent company of Parx Casino® in Pennsylvania, along with Playtech, the world’s largest online gambling software supplier today, announces the launch of the new betPARX® app in Pennsylvania and New Jersey ~ combining the best mobile casino and sports betting experience. betPARX® offers a simple, quick and easy platform to wager on all sports as well as play mobile centric casino games in both states. The betPARX® brand’s promise is to deliver a “simpler, faster, and easier casino and sportsbook right in your pocket.”


The betPARX® app features a wide array of favorite, exclusive, and progressive slot games such as Divine Fortune and Cleopatra, and table games including Blackjack, Roulette and live dealer games. The sports betting feature of the app will provide sports fans a variety of bet types, including live inplay wagering and risk free promotions. The app offers players a fast and secure sign up process in under a minute through its simple, clean interface. Players can deposit and withdrawal funds quickly 24 hours a day. All new signups will receive a $20 casino bonus or a $20 free sports bet. In addition, new sign-ups will receive 100% deposit match up to $750 and 500 free casino spins or free sports bet if their first bet is a losing one.

“We are incredibly proud to be launching betPARX® in conjunction with an industry leading technology provider in Playtech.” said Matthew Cullen, Senior Vice President of iGaming and Sports for betPARX. “We’ve made the sign up, deposit and cash-out processes as simple and smooth as anything in the industry. Plus, we’ve created a product that ensures a great experience to any user, casino or sports. We invite everyone to download and play betPARX® and remember that Today Just Might Be Your Day!”

Playtech’s IMS platform delivers the industry’s most complete online backend solution for all iGaming and sports betting – providing an industry-leading offering across multiple products and multiple states for the largest operators across the globe.

The betPARX® iGaming and sports betting app in Pennsylvania and New Jersey offers over 50 Playtech titles, including five games from Playtech’s “Mega Fire Blaze” series, a series of games developed by Playtech’s Rarestone Studio. The app also offers numerous third-party games, including IGT, Konami, and AGS, among others. The all new betPARX app is now available for download on iOS and Android anywhere in Pennsylvania and New Jersey.

About betPARX®

betPARX® is a wholly owned subsidiary of Greenwood Gaming & Entertainment and features retail sports betting with a 7,500 square foot world-class sportsbook at Parx Casino. betPARX operates best in class iGaming and online/mobile sports betting products in Pennsylvania, New Jersey, Michigan and soon to launch in Ohio. For more information on betPARX®, visit www.betparx.com.

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries with over 7,000 employees across 24 countries.

Playtech is the gambling industry’s leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry’s most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry’s leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy.

Playtech also owns Finalto, a technology leader in the CFD and financial trading industry that operates both on a B2B and B2C basis. Finalto has been classified as a discontinued operation since 31 December 2020.

Contacts

For more information on betPARX® and Parx Casino® please contact

Carrie Nork Minelli, PR Director 215.801.9389 ~ cnorkminelli@parxcasino.com

Categories
Business News Now!

Bright MLS strengthens leadership team with award-winning marketing executive Amit Kulkarni as its new Chief Marketing Officer

ROCKVILLE, Md. — (BUSINESS WIRE) — Bright MLS, one of the nation’s leading multiple listing services announced today that real estate industry brand innovator Amit Kulkarni has joined the company’s executive leadership team as Chief Marketing Officer to lead the company’s integrated marketing and brand strategies. The appointment comes at a time of unprecedented demand and influx of investments in real estate technology.


Brian Donnellan, President and CEO of Bright MLS said, “I’ve known Amit for over 10 years, and during that time have become a great admirer of his work and accomplishments. We are thrilled to welcome Amit during this remarkable time on the company’s journey. He brings extraordinary business expertise and marketing leadership to Bright. His vision and in-depth understanding of the enterprise real estate landscape will be invaluable as we continue to lead the transformation of multiple listing service technology for the digital age.”

Kulkarni joins Bright with over two decades of experience leading marketing, creative and brand teams, and has a track record of marrying data and insights with creativity to serve as a catalyst for growth. In his previous role leading the brand team at Realtor.com, Kulkarni built the company’s in-house agency, repositioned the Realtor.com brand, and delivered a number of breakthrough campaigns that helped grow the Realtor.com audience from 12 million monthly unique users (UUs) to over 100 million monthly UUs today.

“Amit has a strong understanding of the real estate industry’s dynamics,” said Cindy Ariosa, Chair of Bright’s Board of Directors and Senior Vice President, Long & Foster Real Estate Inc. “His track record as a marketer and leader is unparalleled.”

“I’ve always held a great deal of respect for Bright, so when Brian and I started talking about the role, I was immediately drawn to it. Bright is an exceptional company that’s well positioned to help lead this industry into a technology-fueled future,” said Kulkarni. “In addition, the diversity on Bright’s leadership team and board is so refreshing. The people here at Bright are so passionate about doing the right thing for this industry, and I couldn’t be more excited about joining such a dynamic team and organization.”

Kulkarni resides in Ashburn, Virginia with his family. He received his bachelors at Virginia Tech and remains an avid Hokie sports fan, often rocking orange and maroon swag. Kulkarni sits on the board of the Arlington Partnership for Affordable Housing (www.apah.org) bringing affordable housing to families in need in DC, MD and VA.

About Bright MLS

Bright MLS’s real estate service area spans throughout the Mid-Atlantic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C., and West Virginia. As a leading multiple listing service (MLS), Bright supports over 100,000 real estate professionals in its footprint. In 2021, Bright’s customers facilitated $142B in real estate transactions through its system. For more information, please visit www.brightmls.com.

Contacts

Christy Reap

Christy.reap@brightmls.com
202-309-9362

Categories
Business Culture

Campbell appoints Kate Barrett to lead community affairs

Kim Fortunato to retire after more than a decade with the company

CAMDEN, N.J. — (BUSINESS WIRE) — Campbell Soup Company (NYSE:CPB) today announced the appointment of Kate Barrett as Director, Community Affairs, effective May 6, 2022. Barrett will succeed Kim Fortunato who last year informed the company of her intent to retire. Fortunato will remain with Campbell until May 6, 2022 to ensure a smooth transition.


Barrett, who joined Campbell in 2017, will be responsible for setting the strategy and direction of Campbell’s community affairs work including employee volunteerism, philanthropy, sponsorships and the company’s Full Futures program, which focuses on advancing the school nutrition environment. Barrett will also serve as the President of the Campbell Soup Foundation, pending approval by the Foundation’s Board of Trustees. Barrett will report to Anthony Sanzio, Senior Vice President, Communications and Public Affairs.

For more than 150 years, Campbell has been committed to supporting the communities we call home and to building a legacy of impact,” said Sanzio. “Since joining Campbell, Kate has played a key role in designing our strategies and programs, and I am confident our community work will build upon that legacy under her leadership.”

Barrett joined Campbell as Senior Manager, Community Impact, where she oversaw the company’s direct philanthropic giving and supported the design and management of signature philanthropic programs, Campbell’s Healthy Communities and Full Futures. She was elected Vice President of the Campbell Soup Foundation in 2019 and played a vital role in revamping the Foundation’s operations and grantmaking approach to align with the company’s strategy and drive employee engagement. Prior to joining Campbell, Barrett was a project director at The Center for High Impact Philanthropy at the University of Pennsylvania. Earlier in her career, she held roles at technology startups as well as at the global management consulting firm McKinsey & Company.

I am honored to continue to build upon Campbell’s long history of community impact as we work to strengthen and empower vibrant and equitable communities in our hometowns and support the neighborhoods where our employees live and work,” Barrett said.

Barrett earned her B.A. in community health from Brown University and her MBA from the Wharton School at the University of Pennsylvania.

Fortunato to retire after more than a decade at Campbell

Fortunato joined Campbell in 2010 to launch Campbell’s Healthy Communities program, the 10-year, $10 million initiative to improve the health of young people in Campbell communities. Her role was the first of its kind in the food industry. Under her leadership, Healthy Communities became the company’s signature philanthropic program. In 2016, Fortunato began leading Campbell’s community affairs strategy and programs and became the first woman to serve as President of the Campbell Soup Foundation.

Fortunato and Campbell have been recognized for the positive impact of the company’s community work locally and nationally, including the United Way of Camden County Dr. Nathan Asbell Humanitarian Award in 2012, the first-ever Culture of Health Champion Award from the Robert Wood Johnson Foundation in 2015, the March of Dimes Roosevelt Award for Service to Humanity in 2016, and the Hopeworks Hopebuilder Award in 2019.

Sanzio said, “Kim has consistently lived Campbell’s values by caring, collaborating and seeking creative ways to drive impact, while focusing on equity and inclusion in our community work. We are grateful for her many meaningful contributions and wish her the best in her retirement.”

Since 1953, the Campbell Soup Foundation has provided financial support to communities throughout North America where Campbell employees live and work, with a focus on increasing healthy food access, encouraging healthy living and nurturing neighborhoods. The Foundation is employee-run, governed by a Board of Trustees and advised by an Executive Committee. To learn more about the Foundation and Campbell’s community affairs programming, visit campbellsoupcompany.com/our-impact/community/.

About Campbell Soup Company

For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2021 net sales of nearly $8.5 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor’s 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

Contacts

Amanda Pisano

856-342-8590

Amanda_Pisano@campbells.com

Categories
Business Environment

New Jersey American Water reports more than $432 million in system investment statewide in 2021

CAMDEN, N.J. — (BUSINESS WIRE) — New Jersey American Water recently announced its end-of-year investment total and system improvements for 2021. More than $432 million was invested on system upgrades and important improvement projects across the company’s service areas throughout the year.

“Our goal at New Jersey American Water is to provide safe, reliable water and wastewater service to all of our customers,” said Mark McDonough, president of New Jersey American Water. “From source to tap and back to the source again, our team of professionals works hard to maintain our facilities to keep them operating efficiently, meeting regulatory standards and delivering high quality water and wastewater service.”

Each year, New Jersey American Water invests millions of dollars in its infrastructure, which includes both maintenance and upgrades to its treatment systems and distribution, or pipeline, system. This includes regular maintenance and upgrades to treatment plants, tanks, pump stations, miles of pipe, water mains, fire hydrants and metering equipment.

For 2021, system improvement highlights include:

  • Mains: The company invested $161.5 million to install more than 71 miles of main to replace and rehabilitate aging pipe and install new main to serve additional areas. Pipe improvement projects help improve water quality, pressure, fire protection and service reliability. In addition, approximately $3.5 million in leak detection equipment was invested to enhance our ability to respond to leaks and breaks.
  • Source Water, Treatment and Other Production System Improvements: New Jersey American Water spent over $87.4 million for improvements at its water treatment facilities, including:
    • Raritan Millstone Water Treatment Plant – filter rehabilitation and water treatment residual press
    • Swimming River Water Treatment Plant – second clearwell, electrical upgrades and emergency power
    • Canal Road Water Treatment Plant – treatment upgrades and sedimentation basin improvements
    • Delaware River Regional Water Treatment Plant – treatment improvements
    • Diamond Hill Station – booster upgrades
    • Various facilities around the state – automation and control system upgrades
  • Fire Hydrants: The company replaced 548 fire hydrants and 2430 valves, an approximately $16.3 million investment.
  • Service Lines: New Jersey American Water replaced 9,006 service lines; an investment totaling approximately $31.7 million.
  • Tanks/Storage: New Jersey American Water rehabilitated four water tanks and conducted detailed inspections on 109 tanks, an investment totaling approximately $9.5 million.

Visit www.newjerseyamwater.com to learn more about New Jersey American Water’s multimillion dollar program to accelerate the renewal of water infrastructure that is reaching the end of its useful life in more than 100 communities across the state and to use the infrastructure upgrade map located under Water Quality, System Updates.

About New Jersey American Water

New Jersey American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 2.8 million people. For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on Twitter and Facebook.

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 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 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.

Contacts

Chelsea Kulp

External Affairs Manager

Chelsea.Kulp@amwater.com

Categories
Business Lifestyle

Castine announces the expansion of its Outsourced Trading module for brokers worldwide

Custom reporting added to its client portal

RIDGEWOOD, N.J. — (BUSINESS WIRE) — As more asset managers and hedge funds adopt outsourced trading, they’ve come to want more than an efficiency play; they expect expanded capability and services from their brokers. For brokers offering outsourced trading services, providing the highest level of service is a critical competitive advantage.

 

To meet this need, Castine has expanded its Outsourced Trading module with a client-managed reporting tool to the client portal. This gives clients the benefit of running reports when and how they want, in addition to the existing statements and standardized reports within the system.

 

With the growing adoption of Castine’s Outsourced Trading module by brokers wanting to offer outsourced trading services to their clients, Castine has looked for ways to help brokers as they work with more and more clients. “Enabling clients to run their own reports across all of their outsourced trades – filtering and sorting however they wanted – was a gamechanger for clients and brokers alike,” says Robin Hodgkins, Castine’s President.

 

The Outsourced Trading Module is a component of Castine’s C3 platform that allows brokers to offer clients a simple high touch trading desk or full-service outsourced trading, managing all trades, commissions and soft dollar/CSA’s with all counterparties. The client portal gives clients visibility into all activity the outsourced desk performs on their behalf. Brokers have had the ability to run reports on a client’s trades and statements, but can now let clients run their own custom reports whenever they like. “There is no one size fits all, standardized approach to outsourced trading,” stated Tom Smith, Castine’s Executive Vice President. “Adding ad-hoc reporting to the client portal means brokers can save time and clients are not locked into a single set of standardized reports.”

 

Castine’s Outsourced Trading module can be used on its own by brokers wanting to expand into this growth area or it can be used with other C3 modules. Many broker clients of Castine offer outsourced trading side-by-side with CSA commission management, compensation, invoicing, and other Castine modules.

 

About Castine

Castine LLC is an industry leader in commission management, compliance, and compensation systems. Castine’s C3 Suite is used worldwide by retail and institutional brokers, asset managers, and hedge funds.

Contacts

Liam McCarthy

Head of Business Development, lm@CastineLLC.com

Categories
Business

AM Best affirms Credit Ratings of Fortitude Reinsurance Company Ltd., assigns Credit Ratings to Fortitude International Reinsurance Ltd.

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Fortitude Reinsurance Company Ltd. (FRL). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of “a” (Excellent) to Fortitude International Reinsurance Ltd. (FIRL). The outlook assigned to these ratings is stable. FRL and FIRL are domiciled in Bermuda and collectively referred to as Fortitude Re.

The ratings reflect Fortitude Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

 

The assigned ratings of FIRL reflect its strategic importance to the greater Fortitude Re operations. FIRL will support the group’s ongoing international expansion, and its ratings benefit from both implicit and explicit support from the group’s parent holding company, FGH Parent, LP.

 

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

 

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

 

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

Contacts

Dan Hofmeister
Senior Financial Analyst
+1 908 439 2200, ext. 5385
dan.hofmeister@ambest.com

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

Gregory Dickerson
Associate Director
+1 908 439 2200, ext. 5161
gregory.dickerson@ambest.com

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

Categories
Business Healthcare

FDA approves LYNPARZA® (olaparib) as adjuvant treatment for patients with germline BRCA-mutated (gBRCAm), HER2-negative high-risk early breast cancer who have been treated with neoadjuvant or adjuvant chemotherapy

First and Only Targeted Adjuvant Therapy With FDA-Approved Indication Specifically for Patients With gBRCAm, HER2-Negative High-Risk Early Breast Cancer

First and Only PARP Inhibitor to Show Overall Survival Benefit in Early Breast Cancer

 

KENILWORTH, N.J. — (BUSINESS WIRE) — $MRK #MRK–AstraZeneca and Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that LYNPARZA has been approved by the U.S. Food and Drug Administration (FDA) for the adjuvant treatment of adult patients with deleterious or suspected deleterious germline BRCA-mutated (gBRCAm), human epidermal growth factor receptor 2 (HER2)-negative high-risk early breast cancer who have been treated with neoadjuvant or adjuvant chemotherapy. Patients will be selected for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

The approval was based on results from the Phase 3 OlympiA trial, including data for the trial’s primary endpoint of invasive disease-free survival (IDFS), which were presented during the 2021 American Society of Clinical Oncology Annual Meeting and published in The New England Journal of Medicine, as well as overall survival (OS) data from a more recent interim analysis.

 

In the OlympiA trial, LYNPARZA demonstrated a statistically significant improvement in IDFS, reducing the risk of invasive breast cancer recurrences, second cancers or death by 42% (HR=0.58 [95% CI, 0.46-0.74]; p<0.0001) versus placebo.

 

Updated results from the OlympiA trial showed LYNPARZA reduced the risk of death by 32% (HR=0.68 [95% CI, 0.50-0.91]; p=0.0091) versus placebo, a statistically significant improvement in OS, a key secondary endpoint. The OS data will be presented at an upcoming European Society for Medical Oncology Virtual Plenary on March 16, 2022.

 

The safety and tolerability profile of LYNPARZA in this trial was in line with that observed in prior clinical trials. The most common adverse reactions (ARs) in the OlympiA trial ≥10% for LYNPARZA compared to placebo were nausea (57% vs. 23%), fatigue (42% vs. 28%), anemia (24% vs. 3.9%), vomiting (23% vs. 8%), headache (20% vs. 17%), diarrhea (18% vs. 14%), leukopenia (17% vs. 6%), neutropenia (16% vs. 7%), decreased appetite (13% vs. 6%), dysgeusia (12% vs. 4.8%), dizziness (11% vs. 7%) and stomatitis (10% vs. 4.5%). The most common Grade ≥3 ARs for LYNPARZA were anemia (9%), neutropenia (5%), leukopenia (3%) and fatigue (1.8%). Dose interruptions due to an AR of any grade occurred in 31% of patients treated with LYNPARZA. Dose reductions due to an AR occurred in 23% of patients treated with LYNPARZA. The most frequent ARs leading to dose interruption of LYNPARZA were anemia (11%), neutropenia (6%), nausea (5%), leukopenia (3.5%), fatigue (3%) and vomiting (2.9%), and the most frequent ARs leading to dose reduction of LYNPARZA were anemia (8%), nausea (4.7%), neutropenia (4.2%), fatigue (3.3%), leukopenia (1.8%) and vomiting (1.5%). Discontinuation due to ARs occurred in 10% of patients treated with LYNPARZA. The most frequent ARs leading to discontinuation of LYNPARZA were nausea (2%), anemia (1.8%) and fatigue (1.3%).

 

Breast cancer is the most diagnosed cancer worldwide, with an estimated 2.3 million patients diagnosed in 2020. Almost 91% of all breast cancer patients in the U.S. are diagnosed at an early stage of disease, and germline BRCA mutations are found in approximately 5-10% of all breast cancer patients.

 

Professor Andrew Tutt, global chair of the OlympiA trial and professor of oncology, The Institute of Cancer Research, London, and King’s College London, said, “Today’s approval of olaparib is great news for patients with a specific inherited form of breast cancer. Most breast cancers are identified in the early stages, and many patients will do very well, but for those with higher-risk disease at diagnosis, the risk of cancer returning can be high, and new treatment options are needed. OlympiA has shown that identifying a BRCA1/2 mutation in women with high-risk disease opens the additional option of eligibility for olaparib treatment, which reduced the risk of recurrence and improved survival for these patients.”

 

Dave Fredrickson, executive vice president, oncology business unit, AstraZeneca, said, “This important approval gives early-stage high-risk breast cancer patients in the U.S. with a germline BRCA mutation a new targeted therapy option in the adjuvant setting starting today. LYNPARZA reduced the risk of disease recurrence in these patients, and now new data confirm it also significantly extended patients’ lives versus placebo. These data underline the importance of germline BRCA testing as soon as possible after diagnosis to help identify patients who may be eligible for LYNPARZA.”

 

Roy Baynes, senior vice president and head of global clinical development, chief medical officer, Merck Research Laboratories, said, “For patients with germline BRCA-mutated, HER2-negative high-risk early breast cancer, who often present with more aggressive disease, today’s approval is an important step forward. Compared to placebo, LYNPARZA as adjuvant treatment offers these patients the potential to live longer without their cancer recurring. We thank the patients, caregivers and healthcare providers for their participation in the OlympiA trial.”

 

LYNPARZA is approved in the U.S., EU, Japan and several other countries for the treatment of adult patients with gBRCAm, HER2-negative metastatic breast cancer previously treated with chemotherapy and, if hormone receptor-positive, endocrine therapy if appropriate based on results from the Phase 3 OlympiAD trial. In the EU and Japan, this indication also includes patients with locally advanced breast cancer.

 

About OlympiA

OlympiA is a Phase 3, double-blind, parallel group, placebo-controlled, international trial evaluating the efficacy and safety of LYNPARZA versus placebo as adjuvant treatment in patients with gBRCAm, HER2-negative high-risk early breast cancer who have completed definitive local treatment and neoadjuvant or adjuvant chemotherapy. The primary endpoint was IDFS, defined as the time from randomization to the date of the first loco-regional or distant recurrence or new cancer or death from any cause. A key secondary efficacy outcome measure was OS.

 

The OlympiA trial is led by the Breast International Group in partnership with the Frontier Science & Technology Research Foundation, NRG Oncology, AstraZeneca and Merck.

 

IMPORTANT SAFETY INFORMATION

CONTRAINDICATIONS

There are no contraindications for LYNPARZA.

WARNINGS AND PRECAUTIONS

Myelodysplastic Syndrome/Acute Myeloid Leukemia (MDS/AML): Occurred in approximately 1.5% of patients exposed to LYNPARZA monotherapy, and the majority of events had a fatal outcome. The median duration of therapy in patients who developed MDS/AML was 2 years (range: <6 months to >10 years). All of these patients had previous chemotherapy with platinum agents and/or other DNA-damaging agents, including radiotherapy.

 

Do not start LYNPARZA until patients have recovered from hematological toxicity caused by previous chemotherapy (≤Grade 1). Monitor complete blood count for cytopenia at baseline and monthly thereafter for clinically significant changes during treatment. For prolonged hematological toxicities, interrupt LYNPARZA and monitor blood count weekly until recovery.

 

If the levels have not recovered to Grade 1 or less after 4 weeks, refer the patient to a hematologist for further investigations, including bone marrow analysis and blood sample for cytogenetics. Discontinue LYNPARZA if MDS/AML is confirmed.

 

Pneumonitis: Occurred in 0.8% of patients exposed to LYNPARZA monotherapy, and some cases were fatal. If patients present with new or worsening respiratory symptoms such as dyspnea, cough, and fever, or a radiological abnormality occurs, interrupt LYNPARZA treatment and initiate prompt investigation. Discontinue LYNPARZA if pneumonitis is confirmed and treat patient appropriately.

 

Embryo-Fetal Toxicity: Based on its mechanism of action and findings in animals, LYNPARZA can cause fetal harm. A pregnancy test is recommended for females of reproductive potential prior to initiating treatment.

 

Females

Advise females of reproductive potential of the potential risk to a fetus and to use effective contraception during treatment and for 6 months following the last dose.

 

Males

Advise male patients with female partners of reproductive potential or who are pregnant to use effective contraception during treatment and for 3 months following the last dose of LYNPARZA and to not donate sperm during this time.

 

Venous Thromboembolic Events: Including pulmonary embolism, occurred in 7% of patients with metastatic castration-resistant prostate cancer who received LYNPARZA plus androgen deprivation therapy (ADT) compared to 3.1% of patients receiving enzalutamide or abiraterone plus ADT in the PROfound study. Patients receiving LYNPARZA and ADT had a 6% incidence of pulmonary embolism compared to 0.8% of patients treated with ADT plus either enzalutamide or abiraterone. Monitor patients for signs and symptoms of venous thrombosis and pulmonary embolism, and treat as medically appropriate, which may include long-term anticoagulation as clinically indicated.

 

ADVERSE REACTIONS—First-Line Maintenance BRCAm Advanced Ovarian Cancer

Most common adverse reactions (Grades 1-4) in ≥10% of patients who received LYNPARZA in the first-line maintenance setting for SOLO-1 were: nausea (77%), fatigue (67%), abdominal pain (45%), vomiting (40%), anemia (38%), diarrhea (37%), constipation (28%), upper respiratory tract infection/influenza/nasopharyngitis/bronchitis (28%), dysgeusia (26%), decreased appetite (20%), dizziness (20%), neutropenia (17%), dyspepsia (17%), dyspnea (15%), leukopenia (13%), urinary tract infection (13%), thrombocytopenia (11%), and stomatitis (11%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA in the first-line maintenance setting for SOLO-1 were: decrease in hemoglobin (87%), increase in mean corpuscular volume (87%), decrease in leukocytes (70%), decrease in lymphocytes (67%), decrease in absolute neutrophil count (51%), decrease in platelets (35%), and increase in serum creatinine (34%).

 

ADVERSE REACTIONS—First-Line Maintenance Advanced Ovarian Cancer in Combination with Bevacizumab

Most common adverse reactions (Grades 1-4) in ≥10% of patients treated with LYNPARZA/bevacizumab compared to a ≥5% frequency for placebo/bevacizumab in the first-line maintenance setting for PAOLA-1 were: nausea (53%), fatigue (including asthenia) (53%), anemia (41%), lymphopenia (24%), vomiting (22%) and leukopenia (18%). In addition, the most common adverse reactions (≥10%) for patients receiving LYNPARZA/bevacizumab irrespective of the frequency compared with the placebo/bevacizumab arm were: diarrhea (18%), neutropenia (18%), urinary tract infection (15%) and headache (14%).

 

In addition, venous thromboembolic events occurred more commonly in patients receiving LYNPARZA/bevacizumab (5%) than in those receiving placebo/bevacizumab (1.9%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients for LYNPARZA in combination with bevacizumab in the first-line maintenance setting for PAOLA-1 were: decrease in hemoglobin (79%), decrease in lymphocytes (63%), increase in serum creatinine (61%), decrease in leukocytes (59%), decrease in absolute neutrophil count (35%) and decrease in platelets (35%).

 

ADVERSE REACTIONS—Maintenance Recurrent Ovarian Cancer

Most common adverse reactions (Grades 1-4) in ≥20% of patients who received LYNPARZA in the maintenance setting for SOLO-2 were: nausea (76%), fatigue (including asthenia) (66%), anemia (44%), vomiting (37%), nasopharyngitis/upper respiratory tract infection (URI)/influenza (36%), diarrhea (33%), arthralgia/myalgia (30%), dysgeusia (27%), headache (26%), decreased appetite (22%), and stomatitis (20%).

 

Study 19: nausea (71%), fatigue (including asthenia) (63%), vomiting (35%), diarrhea (28%), anemia (23%), respiratory tract infection (22%), constipation (22%), headache (21%), decreased appetite (21%) and dyspepsia (20%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA in the maintenance setting (SOLO-2/Study 19) were: increase in mean corpuscular volume (89%/82%), decrease in hemoglobin (83%/82%), decrease in leukocytes (69%/58%), decrease in lymphocytes (67%/52%), decrease in absolute neutrophil count (51%/47%), increase in serum creatinine (44%/45%), and decrease in platelets (42%/36%).

 

ADVERSE REACTIONS—Advanced gBRCAm Ovarian Cancer After 3 or More Lines of Chemotherapy

Most common adverse reactions (Grades 1-4) in ≥20% of patients who received LYNPARZA for advanced gBRCAm ovarian cancer after 3 or more lines of chemotherapy (pooled from 6 studies) were: fatigue/asthenia (66%), nausea (64%), vomiting (43%), anemia (34%), diarrhea (31%), nasopharyngitis/upper respiratory tract infection (URI) (26%), dyspepsia (25%), myalgia (22%), decreased appetite (22%), and arthralgia/musculoskeletal pain (21%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA for advanced gBRCAm ovarian cancer (pooled from 6 studies) were: decrease in hemoglobin (90%), mean corpuscular volume elevation (57%), decrease in lymphocytes (56%), increase in serum creatinine (30%), decrease in platelets (30%), and decrease in absolute neutrophil count (25%).

 

ADVERSE REACTIONS—Adjuvant Treatment of gBRCAm, HER2-Negative, High-Risk Early Breast Cancer

Most common adverse reactions (Grades 1-4) in ≥10% of patients who received LYNPARZA in the adjuvant setting for OlympiA were: nausea (57%), fatigue (including asthenia) (42%), anemia (24%), vomiting (23%), headache (20%), diarrhea (18%), leukopenia (17%), neutropenia (16%), decreased appetite (13%), dysgeusia (12%), dizziness (11%), and stomatitis (10%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA in the adjuvant setting for OlympiA were: decrease in lymphocytes (77%), increase in mean corpuscular volume (67%), decrease in hemoglobin (65%), decrease in leukocytes (64%), and decrease in absolute neutrophil count (39%).

 

ADVERSE REACTIONS—gBRCAm, HER2-Negative Metastatic Breast Cancer

Most common adverse reactions (Grades 1-4) in ≥20% of patients who received LYNPARZA in the metastatic setting for OlympiAD were: nausea (58%), anemia (40%), fatigue (including asthenia) (37%), vomiting (30%), neutropenia (27%), respiratory tract infection (27%), leukopenia (25%), diarrhea (21%), and headache (20%).

 

Most common laboratory abnormalities (Grades 1-4) in >25% of patients who received LYNPARZA in the metastatic setting for OlympiAD were: decrease in hemoglobin (82%), decrease in lymphocytes (73%), decrease in leukocytes (71%), increase in mean corpuscular volume (71%), decrease in absolute neutrophil count (46%), and decrease in platelets (33%).

 

ADVERSE REACTIONS—First-Line Maintenance gBRCAm Metastatic Pancreatic Adenocarcinoma

Most common adverse reactions (Grades 1-4) in ≥10% of patients who received LYNPARZA in the first-line maintenance setting for POLO were: fatigue (60%), nausea (45%), abdominal pain (34%), diarrhea (29%), anemia (27%), decreased appetite (25%), constipation (23%), vomiting (20%), back pain (19%), arthralgia (15%), rash (15%), thrombocytopenia (14%), dyspnea (13%), neutropenia (12%), nasopharyngitis (12%), dysgeusia (11%), and stomatitis (10%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA in the first-line maintenance setting for POLO were: increase in serum creatinine (99%), decrease in hemoglobin (86%), increase in mean corpuscular volume (71%), decrease in lymphocytes (61%), decrease in platelets (56%), decrease in leukocytes (50%), and decrease in absolute neutrophil count (25%).

 

ADVERSE REACTIONS—HRR Gene-mutated Metastatic Castration Resistant Prostate Cancer

Most common adverse reactions (Grades 1-4) in ≥10% of patients who received LYNPARZA for PROfound were: anemia (46%), fatigue (including asthenia) (41%), nausea (41%), decreased appetite (30%), diarrhea (21%), vomiting (18%), thrombocytopenia (12%), cough (11%), and dyspnea (10%).

 

Most common laboratory abnormalities (Grades 1-4) in ≥25% of patients who received LYNPARZA for PROfound were: decrease in hemoglobin (98%), decrease in lymphocytes (62%), decrease in leukocytes (53%), and decrease in absolute neutrophil count (34%).

 

DRUG INTERACTIONS

Anticancer Agents: Clinical studies of LYNPARZA with other myelosuppressive anticancer agents, including DNA-damaging agents, indicate a potentiation and prolongation of myelosuppressive toxicity.

 

CYP3A Inhibitors: Avoid coadministration of strong or moderate CYP3A inhibitors when using LYNPARZA. If a strong or moderate CYP3A inhibitor must be coadministered, reduce the dose of LYNPARZA. Advise patients to avoid grapefruit, grapefruit juice, Seville oranges, and Seville orange juice during LYNPARZA treatment.

 

CYP3A Inducers: Avoid coadministration of strong or moderate CYP3A inducers when using LYNPARZA.

 

USE IN SPECIFIC POPULATIONS

Lactation: No data are available regarding the presence of olaparib in human milk, its effects on the breastfed infant or on milk production. Because of the potential for serious adverse reactions in the breastfed infant, advise a lactating woman not to breastfeed during treatment with LYNPARZA and for 1 month after receiving the final dose.

 

Pediatric Use: The safety and efficacy of LYNPARZA have not been established in pediatric patients.

 

Hepatic Impairment: No adjustment to the starting dose is required in patients with mild or moderate hepatic impairment (Child-Pugh classification A and B). There are no data in patients with severe hepatic impairment (Child-Pugh classification C).

 

Renal Impairment: No dosage modification is recommended in patients with mild renal impairment (CLcr 51-80 mL/min estimated by Cockcroft-Gault). In patients with moderate renal impairment (CLcr 31-50 mL/min), reduce the dose of LYNPARZA to 200 mg twice daily. There are no data in patients with severe renal impairment or end-stage renal disease (CLcr ≤30 mL/min).

 

INDICATIONS for LYNPARZA in the United States

LYNPARZA is a poly (ADP-ribose) polymerase (PARP) inhibitor indicated for:

First-Line Maintenance BRCAm Advanced Ovarian Cancer

For the maintenance treatment of adult patients with deleterious or suspected deleterious germline or somatic BRCA-mutated (gBRCAm or sBRCAm) advanced epithelial ovarian, fallopian tube or primary peritoneal cancer who are in complete or partial response to first-line platinum-based chemotherapy. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

First-Line Maintenance HRD-Positive Advanced Ovarian Cancer in Combination with Bevacizumab

In combination with bevacizumab for the maintenance treatment of adult patients with advanced epithelial ovarian, fallopian tube or primary peritoneal cancer who are in complete or partial response to first-line platinum-based chemotherapy and whose cancer is associated with homologous recombination deficiency (HRD) positive status defined by either:

 

  • a deleterious or suspected deleterious BRCA mutation and/or
  • genomic instability

 

Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

Maintenance Recurrent Ovarian Cancer

For the maintenance treatment of adult patients with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer, who are in complete or partial response to platinum-based chemotherapy.

 

Advanced gBRCAm Ovarian Cancer

For the treatment of adult patients with deleterious or suspected deleterious germline BRCA-mutated (gBRCAm) advanced ovarian cancer who have been treated with 3 or more prior lines of chemotherapy. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

Adjuvant Treatment of gBRCAm, HER2-Negative, High-Risk Early Breast Cancer

For the adjuvant treatment of adult patients with deleterious or suspected deleterious gBRCAm, human epidermal growth factor receptor 2 (HER2)-negative high-risk early breast cancer who have been treated with neoadjuvant or adjuvant chemotherapy. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

gBRCAm HER2-Negative Metastatic Breast Cancer

For the treatment of adult patients with deleterious or suspected deleterious gBRCAm, human epidermal growth factor receptor 2 (HER2)-negative metastatic breast cancer, who have been treated with chemotherapy in the neoadjuvant, adjuvant or metastatic setting. Patients with hormone receptor (HR)-positive breast cancer should have been treated with a prior endocrine therapy or be considered inappropriate for endocrine therapy. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

First-Line Maintenance gBRCAm Metastatic Pancreatic Cancer

For the maintenance treatment of adult patients with deleterious or suspected deleterious gBRCAm metastatic pancreatic adenocarcinoma whose disease has not progressed on at least 16 weeks of a first-line platinum-based chemotherapy regimen. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

HRR Gene-mutated Metastatic Castration Resistant Prostate Cancer

For the treatment of adult patients with deleterious or suspected deleterious germline or somatic homologous recombination repair (HRR) gene-mutated metastatic castration-resistant prostate cancer (mCRPC) who have progressed following prior treatment with enzalutamide or abiraterone. Select patients for therapy based on an FDA-approved companion diagnostic for LYNPARZA.

 

Please see complete Prescribing Information, including Medication Guide.

Financial Considerations

Under the oncology collaboration with AstraZeneca and following this new approval for LYNPARZA, AstraZeneca will receive a $175 million payment from Merck.

 

About LYNPARZA® (olaparib)

LYNPARZA is a first-in-class PARP inhibitor and the first targeted treatment to potentially exploit DNA damage response (DDR) pathway deficiencies, such as BRCA mutations, to preferentially kill cancer cells. Inhibition of PARP with LYNPARZA leads to the trapping of PARP bound to DNA single-strand breaks, stalling of replication forks, their collapse and the generation of DNA double-strand breaks and cancer cell death. LYNPARZA is being tested in a range of tumor types with defects and dependencies in the DDR.

 

LYNPARZA, which is being jointly developed and commercialized by AstraZeneca and Merck, has a broad and advanced clinical trial development program, and AstraZeneca and Merck are working together to understand how it may affect multiple PARP-dependent tumors as a monotherapy and in combination across multiple cancer types.

 

About Breast Cancer

Early breast cancer is defined as disease confined to the breast with or without regional lymph node involvement and the absence of distant metastatic disease. For women in the U.S., the five-year survival rate is 99% for localized breast cancer (cancer that is found only in the breast area) and 86% for regional breast cancer (cancer that has spread outside the breast to nearby structures or lymph nodes).

Contacts

Media:

Melissa Moody

(215) 407-3536

Chrissy Trank

(640) 650-0694

Investors:

Peter Dannenbaum

(908) 740-1037

Damini Chokshi

(908) 740-1807

Read full story here

Categories
Business

AM Best removes from under review and takes various credit rating actions on GuideWell Mutual Holding Corporation and certain Triple-S management corporation’s subsidiaries

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Blue Cross and Blue Shield of Florida, Inc. d/b/a Florida Blue, and its affiliates, Health Options, Inc., Capital Health Plan, Inc. (Tallahassee, FL) and Florida Health Care Plan, Inc. (Holly Hill, FL). The companies collectively are referred to as Blue Cross and Blue Shield of Florida Group. AM Best also has removed from under review with developing implications and affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Florida Combined Life Insurance Company, Inc. In addition, AM Best has removed from under review with developing implications and affirmed the Long-Term ICR of “a-” (Excellent) of GuideWell Mutual Holding Corporation (GuideWell). All of the aforementioned companies are domiciled in Jacksonville, FL, unless otherwise specified. The outlook assigned to these Credit Ratings (ratings) is stable.

Concurrently, AM Best has removed from under review with positive implications and upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICRs to “a-” (Excellent) from “bbb+” (Good) of Triple-S Salud, Inc. (TSS), Triple-S Vida, Inc. (TSV) and Triple-S Advantage, Inc. (TSA). TSS and TSV together are referred to as Triple-S Management Group. The outlook assigned to these ratings is stable. At the same time, AM Best has revised the implications of the under review status to developing from positive for the FSR of B+ (Good) and the Long-Term ICR of “bbb-” (Good) of Triple-S Blue, Inc., I.I. (TSB).

 

Furthermore, AM Best has removed from under review with positive implications and affirmed the FSR of B+ (Good) and the Long-Term ICR of “bbb-” (Good) of Triple-S Propiedad, Inc. (TSP) (Guaynabo, PR). The outlook assigned to this rating is positive. All of the Triple-S companies are domiciled in San Juan, PR, unless otherwise specified.

 

Lastly, AM Best has withdrawn the Long-Term ICR of “bb+” (Fair) of Triple-S Management Corporation (TSM), as this entity is now an intermediate holding company under GuideWell Mutual Holding Corporation. At the time of the withdrawal, the rating was under review with positive implications.

 

These rating actions follow the completion of the acquisition of Triple-S Management Corporation and its subsidiaries by GuideWell Mutual Holding Corporation.

 

The ratings of Blue Cross and Blue Shield of Florida Group’s reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

 

The affirmation of Blue Cross and Blue Shield of Florida Group’s ratings reflects its good brand image and strong operating performance, as well as the organization’s business diversification strategy and strong overall liquidity measures. Blue Cross and Blue Shield of Florida Group also has low financial leverage within the overall organizations. Furthermore, Blue Cross and Blue Shield of Florida Group continues to maintain a dominant market position in Florida with strong brand recognition, strategic relationships with a diverse group of provider networks and a balanced product portfolio. Blue Cross and Blue Shield of Florida Group’s operating performance had achieved record levels in recent years; however, underwriting profitability moderated in 2021 as utilization trends began to normalize, less COVID-related deferrals of care and increased COVID-related costs and treatments.

 

The ratings of Florida Combined Life Insurance Company, Inc. reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate ERM.

 

The ratings of Triple-S Management Group reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. In addition, Triple-S Management Group benefits from its strategic importance to the parent, GuideWell.

 

The ratings of TSA reflect its balance sheet strength, which AM Best assesses as weak, as well as its strong operating performance, limited business profile and appropriate ERM. In addition, TSA benefits from its strategic importance to GuideWell.

 

The rating upgrades of Triple-S Management Group and TSA reflect being a part of GuideWell, a financially stronger organization that has the financial wherewithal to provide support if necessary.

 

The ratings of TSB reflect its balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate ERM.

 

The under review with developing implications status for TSB reflects AM Best’s need for additional discussions with management about the strategic position of this entity within the new broader organization, which is still being determined. The ratings for TSB will remain under review while AM Best conducts discussions with management on the strategic importance and future plans of TSB with the GuideWell organization.

 

The ratings of TSP reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal ERM.

 

TSP’s balance sheet strength is underpinned by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best expects the company to sustain balance sheet strength stability, supported by organic capital generation from profitable operating results. The positive outlooks reflect these favorable trends.

 

TSP’s operating performance assessment of adequate is due to its improved underwriting and operating performance, largely driven by management initiatives that include revising underwriting guidelines, culling unprofitable books of business and significant rate increases. AM Best views the company’s business profile as limited due to its geographic concentration in Puerto Rico, which exposes its results to weather-related events and regulatory challenges. TSP’s ERM program is assessed as marginal, as risk management capabilities do not align fully with its risk profile. TSP demonstrated weakness in the company’s reinsurance purchasing decision for the enterprise, as the company significantly exceeded the catastrophe reinsurance program with losses from Hurricane Maria. While management has refined and enhanced the overall ERM framework and capabilities, more time is needed to determine the ultimate effectiveness of these changes.

 

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

 

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

 

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

Contacts

Jennifer Asamoah
Senior Financial Analyst
+1 908 439 2200, ext. 5203
jennifer.asamoah@ambest.com

Janet Hernandez
Senior Financial Analyst
+1 908 439 2200, ext. 5767
janet.hernandez@ambest.com

Joseph Zazzera, MBA
Director
+1 908 439 2200, ext. 5797
joseph.zazzera@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
Art & Life Business

Circle K debuts exclusive DC Comics HeroStix Collectibles

HeroStix collectible figurines available in select markets while supplies last

 

CHARLOTTE, N.C. — (BUSINESS WIRE) — Circle K, the global convenience store chain, is giving comic book fans young, old and in between another reason to stop by with today’s launch of an exclusive collection of DC Comics HeroStix. Featuring a famous lineup of 24 DC Comic heroes, villians and symbols, the HeroStix Collectibles are only available at participating Circle K stores in 20 select states across the country, making these coveted items extra special.


“At Circle K, we love surprising and delighting our customers with fun exclusive offers that feed their passions and provide new reasons to make Circle K part of their daily routines,” said Melissa Lessard, Head of North American Marketing at Circle K. “With last week’s premiere of The Batman, what better way to celebrate the iconic heroes of DC Comics than with HeroStix from Circle K?”

 

HeroStix have a suction-cup base that allow them to stick to multiple flat surfaces, like dashboards, windowsills or display shelves. Each HeroStix collectible comes individually packaged, with the character remaining a mystery until unwrapped.

 

Circle K is giving away one free HeroStix collectible with every purchase of eight gallons of fuel or $10 of merchandise, while supplies last, starting March 9. HeroStix can also be purchased for $0.99 individually. To encourage super-fans to collect all 24, Circle K is also selling a collectible album to display the HeroStix for $4.99.

 

The Circle K HeroStix collectible line includes 24 of the most popular DC Comics heroes and villains, including Superman, Batman, Wonder Woman, Aquaman, The Flash and many more.

 

HeroStix collectibles and the collectible display album are exclusively available at Circle K stores in the following 20 states: Alabama, Arizona, Arkansas, Connecticut, Delaware, northern Florida and the panhandle, southern Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Nevada, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Vermont and West Virginia.

 

About Alimentation Couche-Tard, Inc.

Couche-Tard is a global leader in convenience and fuel retail, operating in 26 countries and territories, with close to 14,200 stores, of which approximately 10,800 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong SAR. Approximately 124,000 people are employed throughout its network.

Contacts

BCW Global for Circle K

Madison LaRoche

bcwcirclek@bcw-global.com