Starbucks Corporation Announces Pricing Terms for its Upsized Tender Offers for Eight Series of Notes

Starbucks Corporation Announces Pricing Terms for its Upsized Tender Offers for Eight Series of Notes

SEATTLE–(BUSINESS WIRE)–
Starbucks Corporation (Nasdaq: SBUX) (“Starbucks,” “we,” “us” or the “Company”) today announced the pricing terms for its previously announced tender offers to purchase (each offer a “Tender Offer” and collectively, the “Tender Offers”) for cash the notes of the series listed in the table below (collectively, the “Notes”). The Tender Offers were made pursuant to the Offer to Purchase, dated May 4, 2026, as amended by the Company’s press release relating to the early results and upsizing of the Tender Offers issued on May 15, 2026 (together, the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of the Tender Offers. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

Set forth below are the applicable Reference Yields and Total Consideration for each series of Notes per $1,000 principal amount of Notes tendered, as calculated by Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, Lead Dealer Managers for the Tender Offers, at 10:00 a.m., Eastern Time, today, May 18, 2026, in accordance with the terms set out in the Offer to Purchase.

 

Title of Security

CUSIP/ISIN

Aggregate Principal Amount Outstanding

Acceptance Priority Level

U.S. Treasury Reference Security

Reference Yield

Fixed Spread

Total Consideration(1)

Proration Factor(2)

Aggregate Principal Amount Accepted for Purchase

Pool 1 Tender Offers

4.800% Senior Notes due 2030

855244BL2/

US855244BL23

$500,000,000

1

3.875% UST due April 30, 2031

4.228%

+25 bps

$1,011.44

$321,824,000

4.500% Senior Notes due 2028

855244BN8/ US855244BN88

$750,000,000

2

3.750% UST due April 30, 2028

4.044%

+25 bps

$1,003.75

48.60%

$273,468,000

4.000% Senior Notes due 2028

855244AR0/ US855244AR02

$750,000,000

3

3.750% UST due April 30, 2028

4.044%

+25 bps

$993.13

Pool 2 Tender Offers

4.500% Senior Notes due 2048

855244AS8/ US855244AS84

$1,000,000,000

1

4.625% UST due February 15, 2046

5.124%

+75 bps

$829.71

68.98%

$200,000,000

5.400% Senior Notes due 2035

855244BM0/ US855244BM06

$500,000,000

2

4.125% UST due February 15, 2036

4.568%

+40 bps

$1,030.36

$410,249,000

5.000% Senior Notes due 2034

855244BJ7/ US855244BJ76

 

$500,000,000

3

4.125% UST due February 15, 2036

4.568%

+30 bps

$1,008.18

44.44%

$110,351,000

4.900% Senior Notes due 2031

855244BH1/ US855244BH11

 

$500,000,000

4

3.875% UST due April 30, 2031

4.228%

+35 bps

$1,013.12

4.800% Senior Notes due 2033

855244BF5/ US855244BF54

$500,000,000

5

4.125% UST due February 15, 2036

4.568%

+20 bps

$1,001.75

(1)

The Total Consideration for each $1,000 of each series of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable Fixed Spread and includes the applicable Early Tender Payment as set forth in the table on the front cover of the Offer to Purchase, which does not constitute an additional or increased payment. The Total Consideration for each series of Notes does not include the applicable Accrued Interest (as defined below), which will be payable in addition to the applicable Total Consideration.

(2)

Rounded to the nearest hundredth of one percent.

The early tender date for the Tender Offers was 5:00 p.m., Eastern Time, on May 15, 2026 (the “Early Tender Date”). Subject to the terms and conditions set forth in the Offer to Purchase, Starbucks will accept for purchase up to the Aggregate Cap, the Maximum Amounts and the Tender Sub Cap Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date as shown in the table above. Starbucks has elected to exercise its right to have an early settlement. The date for payment in respect of such Notes will be May 20, 2026 (the “Early Settlement Date”).

Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes were validly tendered and not validly withdrawn prior to or at the Early Tender Date and that are accepted for purchase will receive the applicable Total Consideration, as set forth in the table above, for each $1,000 principal amount of such Notes in cash on the Early Settlement Date.

In addition to the Total Consideration, all Holders of Notes accepted for purchase will also receive accrued and unpaid interest on Notes validly tendered, not validly withdrawn and accepted for purchase from the applicable last interest payment date up to, but not including, the Early Settlement Date (“Accrued Interest”), payable on the Early Settlement Date.

Because the aggregate purchase price of the Notes validly tendered and not validly withdrawn as of the Early Tender Date exceeds the Aggregate Cap and Maximum Amounts and the aggregate principal amount of 2048 Notes validly tendered and not validly withdrawn as of the Early Date exceeds the Tender Sub Cap, the Notes will be accepted for purchase subject to the Acceptance Priority Levels and proration factors set forth in the table above and, in each case, as described in the Offer to Purchase.

The Company will accept for purchase the aggregate principal amount of each series of the Notes that were validly tendered and not validly withdrawn as of the Early Tender Date as set forth in the table above. The Notes that were validly tendered and not validly withdrawn as of the Early Tender Date and are accepted for purchase will be cancelled by the Company on the Early Settlement Date and will no longer remain outstanding obligations of the Company. The Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company and otherwise returned in accordance with the Offer to Purchase.

Although the Tender Offers are scheduled to expire at 5:00 p.m., Eastern Time, on June 2, 2026 (the “Expiration Date”), because the Tender Offers were filled by the Early Tender Date, Starbucks does not expect to accept for purchase any Notes that are tendered after the Early Tender Date and before the Expiration Date. The withdrawal rights for the Tender Offers expired at 5:00 p.m., Eastern Time, on May 15, 2026 and have not been extended; therefore, previously tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by the Company).

The Tender Offers are subject to the satisfaction of certain conditions as set forth in the Offer to Purchase. The Company reserves the right, subject to applicable law, to (i) waive any and all conditions to any of the Tender Offers, (ii) extend or terminate any of the Tender Offers, (iii) increase or decrease the Aggregate Cap, (iv) increase or decrease either of the Maximum Amounts, (v) increase or decrease the Tender Sub Cap or (vi) otherwise amend any of the Tender Offers in any respect. The Company may take any action described in clauses (i) through (vi) above with respect to one or more Tender Offers without having to do so for all Tender Offers. Holders should refer to the Offer to Purchase for the complete terms and conditions for the Tender Offers.

The Company has retained (i) Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as Lead Dealer Managers, (ii) BofA Securities, Citigroup Global Markets Inc., Scotia Capital (USA) Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC as Co-Dealer Managers and (iii) D.F. King & Co., Inc. as the Tender and Information Agent, in each case, in connection with the Tender Offers. Any questions or requests for assistance concerning the Tender Offers may be directed to (i) Morgan Stanley & Co. LLC at [email protected] or by calling toll-free at (800) 624-1808 or collect at (212) 761-1057, (ii) U.S. Bancorp Investments, Inc. at [email protected] or by calling toll-free at (800) 479-3441 or collect at (917) 558-2756 or (iii) Wells Fargo Securities, LLC at [email protected] or by calling toll-free at (866) 309-6316 or collect at (704) 410-4759. Requests for additional copies of the Offer to Purchase or any other documents may be directed to D.F. King & Co., Inc. at [email protected] or by calling (888) 288-0951 (toll-free) or (646) 582-9168 (collect for banks and brokers).

The Company is making the Tender Offers only by, and pursuant to, the terms of the Offer to Purchase. None of the Company or its affiliates, their respective boards of directors, officers, employees, agents or affiliates, the Dealer Managers, the Tender and Information Agent or the trustee with respect to any series of Notes is making any recommendation as to whether Holders should tender any Notes in response to any of the Tender Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the Aggregate Principal amount of such Notes to tender. The Tender Offers are not being made to Holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This press release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to responsibly sourcing and roasting high-quality arabica coffee. Today, with a global footprint of more than 41,000 company-operated and licensed coffeehouses and a growing presence in consumer-packaged goods, we are the world’s premier purveyor of specialty coffee. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at about.starbucks.com or www.starbucks.com.

Forward-Looking Statements

This press release includes certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and the potential future results of Starbucks Corporation (together with its subsidiaries) that are based on our current expectations, estimates, forecasts, and projections about, among other things, our business, our results of operations, the industry in which we operate, our economic and market outlook, and the beliefs and assumptions of our management. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. All statements other than statements of historical fact, including statements regarding guidance, industry prospects, or future results of operations or financial position, made in or incorporated by reference into this prospectus are forward-looking. We use words such as “believes,” “continues,” “anticipates,” “forecasts,” “estimates,” “expects,” “future,” “plan,” “seeks” or words of similar meaning, or future or conditional verbs, such as “will,” “should,” “could,” “would,” “may,” “aims,” “intends,” or “projects” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. Forward-looking statements reflect the Company’s current expectations and are inherently uncertain. Although we believe we have been prudent in our plans and assumptions, no assurance can be given that any goal or plan set forth in forward-looking statements can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. Although we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, readers are advised to consult any additional disclosures we make in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the SEC.

For Investors:

Catherine Park

[email protected]

For Media:

Emily Albright

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

MEDIA:

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Ameriprise Financial Receives 2026 Halo Award for Best Direct Service Initiative By Engage for Good

Ameriprise Financial Receives 2026 Halo Award for Best Direct Service Initiative By Engage for Good

Philanthropic partnership with Angel Foundation™ recognized for pro bono financial planning that helps reduce financial stress for individuals and families facing cancer

MINNEAPOLIS–(BUSINESS WIRE)–
Ameriprise Financial, Inc. (NYSE: AMP) has been named a recipient of the 2026 Gold Halo Award for Best Direct Service Initiative by Engage for Good, recognizing the firm’s philanthropic partnership with Angel Foundation™, a Minnesota-based nonprofit that provides relief to adults with cancer and their loved ones. The Halo Awards honor the most innovative and effective initiatives between companies and nonprofits that deliver measurable social impact. Ameriprise was recognized for its support of Angel Foundation’s Financial Care Program, which provides personalized financial education, planning and guidance designed to help individuals and families reduce the financial stress and uncertainty that often accompany cancer diagnosis.

Angel Foundation’s Financial Care Program offers one-on-one financial planning sessions, workshops and on-demand learning modules designed to help cancer patients manage debt, build budgets and plan for immediate and long-term financial needs. Ameriprise supports the program through philanthropic funding and by providing pro bono Certified Financial Planner™ (CFP®) volunteers who help individuals and families facing cancer take greater control of their finances so they can focus on their health and recovery.

“Angel Foundation’s Financial Care Program is about helping people feel more in control when so much feels uncertain,” said Jennifer Jones, Vice President of Community Relations at Ameriprise Financial. “By combining financial support with the time and talent of our advisors and employees, we are able to make a meaningful difference for individuals and families facing cancer – and we’re honored this work is being recognized.”

“The commitment and support of Ameriprise and their volunteers is transformational for our clients,” said Dave Becker, President and CEO of Angel Foundation. “This partnership demonstrates the powerful role financial planning can play in helping families navigate life-altering challenges. We’re proud to be recognized alongside Ameriprise for a program that truly changes lives.”

To date, Angel Foundation’s Financial Care Program has served more than 1,300 families with essential programming through workshop sessions and pro bono financial advice led by Ameriprise employees and advisors with a CFP® designation, helping reduce anxiety, improve financial stability, and enable patients to focus more fully on their health, recovery, and quality of life.

For more information about The 2026 Halo Awards, visit engageforgood.com.

About Engage for Good

For more than two decades, Engage for Good (EFG) has been the trusted home for corporate and nonprofit leaders building partnerships that deliver real results. EFG has equipped leaders shaping cause marketing and nonprofit partnership strategy with the connections, best practices and community they need to build high-impact partnerships that drive both business and social value. With a community of over 19,000 impact leaders, EFG’s programs include the annual Engage for Good Conference, The Halo Awards, membership for impact professionals, and consulting services for nonprofits and companies. Learn more at engageforgood.com.

About Angel Foundation™

Angel Foundation™ is a Twin Cities-based 501(c)(3) nonprofit that has helped meet the needs of adults with cancer and their families since 2001. Angel Foundation™ offers relief through financial assistance, education, and emotional and social support programs. Since its founding, Angel Foundation™ has distributed more than $16 million in emergency financial assistance and provided over 62,000 program services to adults with cancer in the 15-county Twin Cities metro area, as well as St. Louis and Olmsted counties, and St. Croix County (WI).

About Ameriprise Financial Community Relations

Ameriprise Financial is dedicated to utilizing the firm’s resources and talents to improve the lives of individuals and build strong communities. Through grants, volunteerism and employee and advisor gift matching programs, the company supports more than 8,000 nonprofits globally. The company also has a longstanding commitment to volunteerism. Each year, the firm’s employees are eligible for the eight hours of paid time off to volunteer. In 2025, Ameriprise volunteers collectively contributed more than 50,000 hours to nonprofits in communities across the country.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years1. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network of more than 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs.

1 Company founded June 29, 1894.

The Halo Award for Best Direct Service Initiative recognizes partnerships and initiatives between companies and nonprofits that deliver measurable social impact. Ameriprise Financial was recognized for their partnership with Angel Foundation™, a Minnesota-based nonprofit that provides relief to adults with cancer. Award winners were evaluated between January and March 2026 and were selected by a panel of judges based on their innovative approach to delivering services; inclusion and accessibility; thoughtful community engagement; and potential for sustainable, long-term impact. Ameriprise paid a fee to be evaluated or but did not pay a fee to publicly cite the results. For more information: https://engageforgood.com/halo-awards/.

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Ameriprise Financial cannot guarantee future financial results.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2026 Ameriprise Financial, Inc. All rights reserved.

Allison Harries, Media Relations

612.678.7035

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Personal Finance Finance Professional Services Philanthropy Health Fund Raising Other Philanthropy Foundation Oncology

MEDIA:

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SES AI Corporation Sued for Securities Law Violations – Contact the DJS Law Group to Discuss Your Rights – SES

PR Newswire

LOS ANGELES, May 18, 2026 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against SES AI Corporation (“SES” or “the Company”) (NYSE: SES) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of SES during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: January 29, 2025 to  March 4, 2026

DEADLINE: June 26, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. SES overstated its financial performance by trading access to its Molecular Universe platform in exchange for services provided by vendors. Based on these facts, SES’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/ses-ai-corporation-sued-for-securities-law-violations—contact-the-djs-law-group-to-discuss-your-rights–ses-302774944.html

SOURCE DJS Law Group LLP

DaVita Sets Bold 2030 Community Care Commitments After Exceeding Prior Five-Year ESG Goals

PR Newswire

Kidney care leader launches its next chapter of measurable impact for patients, teammates, and communities.

DENVER, May 18, 2026 /PRNewswire/ — DaVita today announced its 2030 Community Care commitments, a new set of long-term goals, focused on improving patient outcomes, supporting the expansion of economic opportunity for teammates, and strengthening community and environmental resilience. The announcement follows the company achieving or exceeding the majority of its prior five-year environmental, social, and governance (ESG) goals, reinforcing DaVita’s track record of turning ambition into measurable impact.

Guided by its Trilogy of Care—Caring for Our Patients, Caring for Each Other and Caring for Our World—the 2030 framework builds on more than 25 years of progress and reflects DaVita’s continued commitment to raising the standard for kidney care in the communities it serves.

“As we look toward 2030, we’re building on decades of progress and continuing to redefine what’s possible in kidney care,” said Javier Rodriguez, chief executive officer of DaVita. “Whether it’s expanding access to transplants, creating meaningful opportunities for teammates, or advancing more sustainable operations, these commitments reflect the impact our teammates make every day in the communities we serve.”

The 2030 commitments build on strong momentum from the company’s previous five-year goals and focus on three areas central to DaVita’s mission.

Advancing Industry-Leading Care

In 2025, DaVita educated more than 40,000 people through its Kidney Smart® classes—bringing the total number of individuals reached to more than 300,000—and supported more than 8,000 patients in receiving kidney transplants.

By 2030, DaVita aims to:

  • Improve patient quality of life by reducing avoidable hospitalizations
  • Empower 150,000 patients to make more informed modality choices through kidney education
  • Narrow health disparities by increasing home dialysis and transplant access for underserved populations
  • Support 40,000 DaVita patients in receiving a transplant

Driving Economic Mobility and Teammate Engagement

In 2025, DaVita achieved an 85% teammate engagement score, exceeded its five-year teammate volunteerism goal by logging more than 218,000 hours of community service, and supported more than 400 teammates in pursuing advanced nursing degrees.

By 2030, DaVita strives to:

  • Sustain market-leading teammate engagement scores of 80% or higher each year
  • Advance 2,000 new nurses through DaVita development and career programs
  • Contribute 300,000 hours of community service through teammate volunteerism

Strengthening Communities and Environmental Resilience

DaVita has already achieved 100% renewable energy use across its current operations and surpassed prior environmental goals by conserving 468 million gallons of water.

Looking ahead, the company plans to:

  • Support philanthropic investments benefiting 400,000 people
  • Power global operations with 100% renewable energy annually
  • Assess climate-related risks and invest in more resilient operations to help protect continuity of patient care
  • Expand water conservation best practices across every country where DaVita operates

External Recognition

DaVita’s approach to sustainability, workplace culture and corporate governance continues to earn external recognition, including recent honors from:

  • Time magazine’s World’s Most Sustainable Companies
  • Dow Jones Best-in-Class Indices
  • Carbon Disclosure Project (CDP) “A-List” for climate change
  • Fortune, USA Today and Newsweek recognitions as an employer of choice

To read more about DaVita’s 2025 achievements and review the report in its entirety, visit https://davita.com/communitycare/.

About DaVita
Inc.

DaVita (NYSE: DVA) is a healthcare provider focused on transforming care delivery to improve quality of life for patients globally. As a comprehensive kidney care provider, DaVita has been a leader in clinical quality and innovation for more than 25 years. DaVita cares for patients at every stage and setting along their kidney health journey — from slowing the progression of kidney disease to helping support transplantation. This includes ensuring they are supported at home, in dialysis centers, in the hospital and in skilled nursing facilities. As of March 31, 2026, DaVita served approximately 296,300 patients at 3,262 outpatient dialysis centers, of which 2,666 centers were located in the United States and 596 centers were located in 14 other countries worldwide. DaVita has reduced hospitalizations, improved mortality, helped improve health access and worked collaboratively to propel the kidney care community to adopt a higher quality standard of care for all patients, everywhere. To learn more, visit DaVita.com/About.

Media Contact:
[email protected]

 

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SOURCE DaVita

Savara Announces New Exercise Capacity Data from the IMPALA-2 Phase 3 Clinical Trial of Molgramostim Inhalation Solution (Molgramostim) in Autoimmune Pulmonary Alveolar Proteinosis (aPAP)

Savara Announces New Exercise Capacity Data from the IMPALA-2 Phase 3 Clinical Trial of Molgramostim Inhalation Solution (Molgramostim) in Autoimmune Pulmonary Alveolar Proteinosis (aPAP)

— Data Were Presented in an Oral Presentation at the American Thoracic Society (ATS) International Conference 2026 —

LANGHORNE, Pa.–(BUSINESS WIRE)–Savara Inc. (Nasdaq: SVRA) (the Company), a clinical stage biopharmaceutical company focused on rare respiratory diseases, sponsored an oral presentation at the ATS 2026 International Conference that is taking place May 15-20, 2026, in Orlando, Florida. The presentation reported new exercise capacity data from the double-blind period of the IMPALA-2 Phase 3 clinical trial evaluating molgramostim for the treatment of aPAP.

Below is a summary of the data presented.

Oral Presentation, Abstract 9296: “Molgramostim Improves Exercise Distance and Duration in Patients with Autoimmune Pulmonary Alveolar Proteinosis (aPAP): Results from the IMPALA-2 Phase 3 Clinical Trial,” presented by B.C. Trapnell, M.D.; sponsored by Savara Inc.

  • Presented exercise capacity data from IMPALA-2, a global, randomized, double-blind, placebo-controlled Phase 3 clinical trial in which adults with aPAP received nebulized molgramostim 300 µg (n=81) or placebo (n=83) once daily for 48 weeks. IMPALA-2 achieved statistical significance on its primary endpoint and other secondary endpoints, including a greater mean improvement in exercise capacity, expressed as peak metabolic equivalents (METs), in the molgramostim group at 48 weeks. This oral presentation reported on the effects of molgramostim on exploratory endpoints of exercise distance and duration, assessed at Weeks 24 and 48 via a conservative, ramp-up, symptom-limited, exercise treadmill test.

  • Greater mean improvement in distance walked was observed in molgramostim-treated patients compared with placebo at Week 48. The least-squares mean (LSM) change in distance walked from baseline to Week 48 was 167.0 m (95% confidence interval [CI], 112.1 to 221.8) in the molgramostim group and 86.4 m (95% CI, 32.4 to 140.4) in the placebo group, yielding an estimated treatment difference of 80.6 m (P=0.0301).

  • Molgramostim patients were also able to exercise for longer periods of time compared with patients who received placebo. At Week 48, the LSM change in duration of exercise from baseline was 2.0 minutes (95% CI, 1.3 to 2.7) in the molgramostim group and 1.0 minute (95% CI, 0.3 to 1.6) in the placebo group, yielding an estimated treatment difference of 1.0 minute (P=0.0262).

  • Consistent with improvements in peak METs, molgramostim improved both distance walked and duration of exercise at Week 48 compared with placebo, supporting the potential clinical benefit of molgramostim treatment in patients with aPAP.

“We believe the consistency in improvements observed across both exploratory endpoints—distance walked and exercise duration—and our secondary endpoint of exercise capacity, as measured by peak METs, strengthens the overall efficacy picture,” said Yasmine Wasfi, M.D., Ph.D., Chief Medical Officer, Savara. “Taken together, these data suggest that molgramostim may translate into real-world functional benefits for aPAP patients.”

The full content of this poster will be available on the Congresses and Publications page of the Savara corporate website. The abstract is published in a supplement of the American Journal of Respiratory and Critical Care Medicine (AJRCCM). For more details about the ATS International Conference, please visit https://conference.thoracic.org/index.php.

About aPAP

Autoimmune PAP is a rare lung disease characterized by the abnormal build-up of surfactant in the alveoli. Surfactant consists of proteins and lipids and is an important physiological substance that lines the alveoli to prevent them from collapsing. In a healthy lung, excess surfactant is cleared and digested by immune cells called alveolar macrophages. Alveolar macrophages need to be stimulated by granulocyte-macrophage colony-stimulating factor (GM-CSF) to function properly in clearing surfactant, but in aPAP, GM-CSF is neutralized by antibodies against GM-CSF, rendering macrophages unable to adequately clear surfactant. As a result, an excess of surfactant accumulates in the alveoli, causing impaired gas exchange, resulting in clinical symptoms of shortness of breath, often with cough and frequent fatigue. Patients may also experience episodes of fever, chest pain, or coughing up blood, especially if secondary lung infection develops. In the long term, the disease can lead to serious complications, including lung fibrosis and the need for a lung transplant.

About Savara

Savara is a clinical stage biopharmaceutical company focused on rare respiratory diseases. Our lead program, molgramostim inhalation solution (molgramostim) is a recombinant human granulocyte-macrophage colony-stimulating factor (GM-CSF) in Phase 3 development for autoimmune pulmonary alveolar proteinosis (aPAP). Molgramostim is delivered via a proprietary investigational eFlow® Nebulizer System (PARI Pharma GmbH) specifically developed for inhalation of molgramostim. Our management team has significant experience in rare respiratory diseases and pulmonary medicine, identifying unmet needs, and effectively advancing product candidates to approval and commercialization. More information can be found at www.savarapharma.com and LinkedIn.

Forward-Looking Statements

Savara cautions you that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Savara may not actually achieve any of the matters referred to in such forward-looking statements, and you should not place undue reliance on these forward-looking statements. These forward-looking statements are based upon Savara’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the risks associated with our ability to successfully develop, obtain regulatory approval for, and commercialize molgramostim for aPAP; the actions and decisions of regulatory authorities; the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations; the availability of sufficient resources for Savara’s operations and to conduct or continue planned clinical development programs; and the timing and ability of Savara to raise additional capital as needed to fund continued operations. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. For a detailed description of our risks and uncertainties, you are encouraged to review our documents filed with the SEC including our recent filings on Form 8-K, Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Savara undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

Media and Investor Relations Contact

Savara Inc.

Temre Johnson, Executive Director, Corporate Affairs

[email protected]

KEYWORDS: Florida Pennsylvania United States North America

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Health Clinical Trials

MEDIA:

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Motorola Solutions Declares Quarterly Dividend

Motorola Solutions Declares Quarterly Dividend

CHICAGO–(BUSINESS WIRE)–
Motorola Solutions, Inc. (NYSE: MSI) today announced that its board of directors has approved a regular quarterly dividend of one dollar and twenty-one cents ($1.21) per share. The next quarterly dividend will be payable in cash on July 15, 2026, to shareholders of record at the close of business on June 17, 2026.

About Motorola Solutions | Solving for safer

Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

Investor Contact

Brian Piotrowski

Motorola Solutions

[email protected]

+1 847-576-6899

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Data Management Security Technology Telecommunications Software Networks Hardware

MEDIA:

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Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon

PR Newswire

Wilson Stands Ready to Reach Agreement on Principal Terms Provided by lululemon

VANCOUVER, BC, May 18, 2026 /PRNewswire/ — Chip Wilson, Founder of lululemon athletica inc. (NASDAQ: LULU) (“lululemon” or the “Company”) and one of lululemon’s largest shareholders, today released the following statement regarding recent settlement discussions with lululemon’s Board of Directors (the “Board”).

“There is no reason why we cannot reach a resolution to this fight quickly. The Board has not provided me with detail on where our disagreements lie right now, but as of Friday last week, we seemed to be in full agreement on the principal terms. I remain undeterred and willing to be constructive. I am confident in the skillsets of our highly qualified independent nominees that bring unmatched brand and marketing expertise. I stand ready to do what is best for all shareholders of lululemon with this campaign, be it a vote or resolution with the Board. All shareholders expect us to be practical, collaborative and focused on doing what is right for unlocking value,” said Mr. Wilson.

Mr. Wilson continued, “My focus remains on making sure lululemon has the right skills on the Board, that brand/product expertise is prioritized and that lululemon returns to form. The notion that I want to dictate strategy to lululemon is just wrong. I’m a passionate investor in lululemon and across the technical apparel space, I feel my experience can be helpful to the businesses I invest in and I am proud of our success. As I told Chip Bergh over email, my hope is simply to have a regular dialogue like any large shareholder.”

In a May 13 email copying Marti Morfitt, Chip Bergh proposed on behalf of the Board eight principal terms. Those terms as directly stated by Mr. Bergh are:

  • We (lululemon) choose and appoint two of your nominees to the Board after the AGM.
  • We agree to one additional mutually agreed director between now and October.
  • One incumbent director will step down at the 2027 AGM.
  • We (lululemon) will add your 2 nominees to our CRSG committee.
  • We (lululemon) will create a product/brand advisory council and appoint your third nominee to this council.
  • We (lululemon) will accept your declassification proposal and recommend a vote “for” on the proxy.
  • We (lululemon) require a 2-year standstill and non-disparagement and expect you to vote with the board for the 2-year period.
  • Mutually agreed press release.

Mr. Wilson responded on May 14 and agreed to the eight key terms in principle while providing further detail on items like director appointment timing and rejecting the notion of “pocket resignations” for his nominees. Other items were to align to market standard terms, such as replacement rights and expense reimbursement. These are very common terms – so much so that they are included in at least 14 of the last 20 settlement agreements that other clients of lululemon’s counsel have entered into in similar situations.1 Mr. Wilson also requested regular meetings between members of the Board that would be conducted similar to engagement with any shareholder and is entirely customary for a large, active shareholder.

Mr. Wilson stands by his support for the eight principal terms and is willing to engage in constructive dialogue with the Board to affect this settlement.

For the sake of shareholders having full transparency, a detailed table of lululemon’s term sheet and Mr. Wilson’s response is provided below.


Term


LULU Proposal (5/13/26)


Mr. Wilson Proposal (5/14/26)


Appointment of Wilson Nominees

2 new directors from Mr. Wilson’s nominees to join the Board following the 2026 Annual Meeting. Silent on which classes they’d join

(In LULU’s previous April 12 proposal, LULU proposed a new director join the Board immediately)


Mr. Wilson agreed, but since LULU did not want the new directors in the ’26 class, Mr. Wilson proposed making the nominees Board observers until the ’26 AGM and then putting them into the ’27 class


Appointment of Mutually Agreeable Director

A 3rd new director appointed, picked by LULU and approved by Mr. Wilson


Mr. Wilson agreed, but 3rd new director picked by LULU from a list of candidates created by Mr. Wilson


Replacement Directors

None

Mr. Wilson proposed standard right to replace any new director who leaves the Board during the agreement


Board Departures

2 incumbent directors won’t stand for re-election at the ’26 AGM, and another wouldn’t stand at the ’27 AGM


Mr. Wilson agreed


Board Committees

New directors appointed from Mr. Wilson’s nominees would sit on the Corporate Responsibility, Sustainability and Governance Committee


Mr. Wilson agreed


Advisory Brand Product Council

LULU would establish an advisory brand product council that includes the Wilson nominee who doesn’t get appointed to the Board; and Mr. Wilson could suggest additional council members


Mr. Wilson agreed, and proposed who from LULU would join the council, and that Mr. Wilson and a representative would meet quarterly with the council (to extent it doesn’t violate applicable law)


Quarterly Meetings with Mr. Wilson

None

Mr. Wilson requested quarterly meetings between LULU and Mr. Wilson and a representative, so Mr. Wilson may share his ideas on product, brand and culture. (Meetings wouldn’t feature material non-public information)


Declassification of the Board

Recommend shareholders vote “FOR” Mr. Wilson’s non-binding declass proposal at ’26 AGM and if the proposal passes, LULU would submit a binding declass proposal at ’27 AGM


Mr. Wilson agreed, and proposed immediate declass begin at ’26 AGM based on a conversation between Mr. Wilson, Ms. Morfitt and Mr. Bergh last week


Length of Standstill Agreement

2-years (until nominations for the ’28 AGM)


Mr. Wilson agreed, and since LULU desired Mr. Wilson’s nominees be appointed after the ’26 AGM (implying a 1-year term), Mr. Wilson proposed that the second year of the standstill depends on the Board renominating the new directors (i.e., the new directors’ terms matching the multi-year standstill requested by LULU)


Voting Commitment

Commitment by Mr. Wilson to vote with the Board’s recommendations on all proposals


Mr. Wilson agreed, except for completely market standard voting exceptions (i.e.,allowing Mr. Wilson to vote how he wants on extraordinary transactions and with ISS or Glass Lewis recommendations on non-director election/removal proposals)


Non-Solicit Provision

Mr. Wilson prohibited from soliciting/inducing any employee/independent contractor from terminating or reducing their relationship with LULU (which is off-market and not standard for settlement agreements)


Mr. Wilson agreed, but limited the prohibition to Mr. Wilson intentionally soliciting an employee to terminate his or her relationship with LULU


Expense Reimbursement

No reimbursement for expenses (which is off-market and not standard for settlement agreements)

Mr. Wilson proposed all his expenses be reimbursed (knowing that expense reimbursement is market)


Certain Information Concerning the Participants


Dennis J. “Chip” Wilson, together with the other Participants (as defined below), has filed a definitive proxy statement on Schedule 14A (the “Definitive Proxy Statement”) and accompanying GOLD Universal Proxy Card with the U.S. Securities and Exchange Commission (the “SEC”) to be used to solicit proxies from the shareholders of the Company in connection with the Company’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”). 

SHAREHOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE PARTICIPANTS HAVE FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION, INCLUDING ABOUT THE MATTERS TO BE VOTED ON AT THE ANNUAL MEETING AND ADDITIONAL INFORMATION RELATING TO THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE. 

The participants in the solicitation of proxies are Mr. Wilson, Anamered Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd., House of Wilson Ltd., Marc Maurer, Laura Gentile and Eric Hirshberg (collectively, the “Participants”). 

The Definitive Proxy Statement and accompanying GOLD Universal Proxy Card have been furnished to some or all of the Company’s shareholders and, along with other relevant documents, are available at no charge on the SEC’s website at https://www.sec.gov/


Contacts



Media


Val Mack, [email protected]
Pat Tucker, [email protected]


Investors


Scott Winter, Gabrielle Wolf
Innisfree M&A Incorporated
(212) 750-5833

1. SEC Filings of the twenty most recent legal counsel cooperation agreements.

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SOURCE Chip Wilson

Chemed Corporation Holds Annual Meeting of Stockholders; Board Declares Quarterly Dividend

CINCINNATI, May 18, 2026 (GLOBE NEWSWIRE) — Stockholders of Chemed Corporation (NYSE: CHE) today elected a slate of nine directors at the Company’s 2026 annual stockholders’ meeting.  

Stockholders ratified the continuation of PricewaterhouseCoopers LLP as the Company’s independent accountants for 2026. The non-binding proposal on Chemed’s executive compensation was not approved.

Dividend Declared

Following the stockholders’ meeting, Chemed’s Board of Directors declared a quarterly cash dividend of 60 cents per share on the Company’s capital stock, payable on June 16, 2026, to stockholders of record as of May 28, 2026. This represents the 220th consecutive quarterly dividend paid to stockholders in Chemed’s 55 years as a public company.

Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of end-of-life hospice care, and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.

Statements in this press release or in other Chemed communications may relate to future events or Chemed’s future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.

CONTACT:  Michael D. Witzeman      
  (513) 762-6714



B7-H3 Becomes The Hottest Antigen In Oncology, And One NK Engager Enters Clinic

PR Newswire

Issued on behalf of GT Biopharma, Inc. 

SAN FRANCISCO, May 18, 2026 /PRNewswire/ — USA News Group News Commentary — For more than two decades, B7-H3 sat on the shortlist of theoretically perfect cancer drug targets that nobody could quite figure out how to hit. The protein is broadly overexpressed across some of the most common — and most lethal — solid tumors, including prostate, lung, breast, ovarian, head and neck, and pancreatic cancers. It is largely absent from healthy tissue. It correlates with poor prognosis. On paper, it has every quality a drug developer wants. In practice, three B7-H3-targeting antibody-drug conjugates have entered the clinic, and none have yet been approved.[1] That is starting to change.

Key Takeaways 

  • GT Biopharma (NASDAQ: GTBP) dosed the first patient on May 14, 2026 in a Phase 1 dose-escalation basket trial of GTB-5550, its B7-H3-targeted natural killer cell engager for solid tumors expressing B7-H3 — the third TriKE candidate to enter the clinic, and the first tested with patient-friendly subcutaneous dosing.
  • FDA cleared the GTB-5550 IND in February 2026, with dose-escalation cohorts prioritizing advanced prostate, ovarian, and pancreatic cancer patients who have failed prior therapy. The Company targets a portion of the estimated US$362 billion global solid tumor market.
  • B7-H3 has rapidly become one of the most actively pursued antigens in solid tumor oncology in 2026, with bispecific antibody-drug conjugates, systemic radiopharmaceuticals, and now natural killer cell engagers all converging on the same target — broadly overexpressed across prostate, lung, breast, ovarian, head and neck, and pancreatic cancers, largely absent from healthy tissue.
  • GT Biopharma reported a cash balance as of March 31, 2026 of approximately US$9 million, anticipated to provide sufficient cash runway through Q4 2026, with Phase 1 updates anticipated in 2H 2026 as dose escalation progresses.

In 2026, B7-H3 has become one of the most actively pursued antigens in solid tumor oncology. The mechanisms are widely varied — bispecific antibody-drug conjugates at IDEAYA, antibody-drug conjugates at GSK paired with bispecific antibody combinations at Summit Therapeutics, systemic radiopharmaceuticals across other pipelines, and now a natural killer cell engager from GT Biopharma, Inc. (NASDAQ: GTBP) — but the target is the same. The convergence is what makes the moment distinctive. When mechanism diversity collapses onto a single antigen, the antigen is what is being repriced.


Read more on GT Biopharma by clicking here
 

GTB-5550: The Third TriKE Into The Clinic, And The First Subcutaneous 

On May 14, 2026, GT Biopharma announced that the first patient had been dosed in a Phase 1 dose-escalation basket trial evaluating GTB-5550, its B7-H3-targeted natural killer cell engager for solid tumors expressing B7-H3.[2] GTB-5550 is the third TriKE — Tri-specific Killer Engager — molecule from GT Biopharma to enter the clinic. Critically, it is also the first to be tested with subcutaneous dosing, a design choice that distinguishes it from a category where most engager therapies have historically required continuous infusion.[1]

“Dosing the first patient in our GTB-5550 Phase 1 trial is a pivotal milestone for GT Biopharma and represents the natural evolution of our TriKE platform into the broader opportunity of treating patients with a variety of solid tumors,” said Michael Breen, Executive Chairman and Chief Executive Officer of GT Biopharma.[1] The May 15, 2026 Q1 financial results release confirmed the broader pipeline context: with the GTB-5550 Phase 1 trial now active, GT Biopharma has advanced three TriKE candidates into the clinic — a milestone Breen described as one that “underscores the continued momentum of our pipeline.”[3]

The molecular architecture of GTB-5550 reflects the design discipline GT Biopharma has built into its 2nd-generation TriKE platform. The molecule is a camelid (cam) anti-CD16 / WT IL-15 / cam anti-B7-H3 tri-specific natural killer cell engager — a single-chain recombinant TriKE comprised of three components joined by flexible linkers: a nanobody arm that engages the CD16 activating receptor on natural killer cells, a wildtype IL-15 linker arm to drive NK cell proliferation, priming, and survival, and a nanobody arm that specifically engages B7-H3 to target the antigen expressed on tumor cells.[4] The 2nd-generation TriKE platform that underlies GTB-5550 has been described as 10–40 times more potent than 1st-generation TriKE, and all current TriKE development at the Company is focused on the 2nd-generation platform.[4]

Dose Escalation: Prostate, Ovarian, And Pancreatic Cancer Prioritized 

FDA cleared the GTB-5550 IND application in February 2026.[5] In the Company’s commentary on the clearance, Breen described it as “a defining moment for GT Biopharma as we bring another NK cell engager into the clinic.”[5] The Phase 1 trial is structured as a basket trial open to patients with common solid tumors that express B7-H3. In the dose-escalation component, enrollment is being prioritized for advanced prostate, ovarian, and pancreatic cancer patients who have failed prior therapy.[5] The clinical design reflects a deliberate choice: prioritize patient populations where the unmet need is highest, where B7-H3 expression is well-characterized, and where the regulatory pathway around accelerated approval has historically been most navigable.

Phase 1 trial updates are anticipated in the second half of 2026 as enrollment progresses through dose escalation cohorts.[3] The Q1 2026 financial results release reported a cash balance as of March 31, 2026 of approximately US$9 million, anticipated to provide sufficient cash runway through Q4 2026.[3] The funding visibility, paired with the Phase 1 first-patient-dosed milestone, gives investors a defined catalyst window across the back half of 2026 for the first set of clinical readouts from the new program.

The TriKE platform has been developed under an exclusive worldwide license agreement with the University of Minnesota, providing GT Biopharma with the rights to further develop and commercialize therapies using TriKE technology.[2] The Company’s broader pipeline now spans GTB-3650 (the first 2nd-generation camelid nanobody TriKE, being tested clinically for CD33-positive leukemias including AML and MDS), GTB-5550 (the B7-H3 program for solid tumors), and GTB-7550 (in development for CD19-positive lymphoid malignancies and autoimmune disease).[4]

Why The B7-H3 Convergence Matters 

The strategic case for GTB-5550 is sharpened by what is happening around B7-H3 across the rest of the oncology sector. The number of high-quality drug developers now actively pursuing the antigen, across multiple modalities, has shifted B7-H3 from “theoretically perfect” to “actively competitive” in less than 18 months. That competition matters less as a threat than as a validation. When IDEAYA is enrolling a bispecific B7-H3 / PTK7 antibody-drug conjugate, GSK is partnering its B7-H3 antibody-drug conjugate with Summit Therapeutics’s ivonescimab in multiple solid tumor settings, and GT Biopharma is dosing the first patient in a B7-H3 NK cell engager Phase 1 trial — all within the first half of 2026 — the read-through is that the antigen has reached the threshold where the drug developer community has concluded the biology supports clinical translation.[1]

What differentiates GT Biopharma inside that crowd is the mechanism. GTB-5550 is the only B7-H3-targeted natural killer cell engager in the Phase 1 patient-dosing window in 2026, and the only one tested with subcutaneous dosing. The TriKE design — engaging CD16 on NK cells, embedding an IL-15 moiety to drive NK cell proliferation and persistence, and targeting B7-H3 on tumor cells — gives the molecule a mechanistic profile that is structurally distinct from the antibody-drug conjugate and bispecific antibody approaches that dominate the rest of the B7-H3 development field.

How GT Biopharma Sits Inside The B7-H3 And Solid Tumor Universe 

Summit Therapeutics Inc. (NASDAQ: SMMT) is one of the largest publicly traded oncology biotechs by market capitalization, with a market value around US$14 billion as of early 2026.[6] On January 12, 2026, Summit announced a clinical trial collaboration with GSK plc to evaluate ivonescimab — Summit’s lead PD-1 / VEGF bispecific antibody — in combination with GSK’s novel investigational B7-H3-targeting antibody-drug conjugate, risvutatug rezetecan (also known as GSK’227), across multiple solid tumor settings including small cell lung cancer.[7] Summit subsequently announced FDA acceptance of its Biologics License Application for ivonescimab on January 29, 2026, with a Prescription Drug User Fee Act goal action date of November 14, 2026.[8] Summit represents the institutional-scale comparable for the broader bispecific oncology investment thesis B7-H3 development is now inside.

IDEAYA Biosciences, Inc. (NASDAQ: IDYA) announced in February 2026 that the first patient had been enrolled in its Phase 1 dose-escalation/expansion trial evaluating IDE034, a potential first-in-class PTK7 / B7-H3 bispecific TOP1 antibody-drug conjugate.[6] The design rationale is unusually specific: IDEAYA estimates that B7-H3 and PTK7 are co-expressed in approximately 30–40% of certain large solid tumor types — including lung, breast, ovarian, and colorectal cancers — while exhibiting minimal dual-antigen expression in normal tissue.[6] The drug is designed to be internalized only when both antigens are co-expressed on the same tumor cell, an architecture intended to enhance selectivity and tolerability compared to monovalent antibody formats.[6] IDEAYA offers the cleanest small-to-mid-cap B7-H3 development comparable in the public market.

GSK plc (NYSE: GSK) is one of the largest pharmaceutical companies in the world by market cap, and the B7-H3-targeting antibody-drug conjugate risvutatug rezetecan (GSK’227) sits inside its broader oncology platform. The January 12, 2026 collaboration with Summit Therapeutics to combine GSK’227 with ivonescimab across multiple solid tumor settings, including small cell lung cancer, places GSK directly in the B7-H3 development conversation — and signals to the broader industry that one of the largest pharmaceutical companies in the world has concluded the B7-H3 modality is worth aggressive clinical investment.[7] GSK’s involvement is a structural validation of the antigen that supports the broader investment thesis around B7-H3-targeted programs at every scale.

Innate Pharma S.A. (NASDAQ: IPHA) has long been one of the more prominent publicly listed pure-play NK cell engager companies, with multispecific approaches that hit triggering receptors including NKp46 — adding to the broader CD16-anchored NK cell engagement framework. Innate’s NK cell engager IPH6101 was advanced with Sanofi as a clinical-stage candidate for blood cancers. Innate provides a relevant comparable for the NK cell engager mechanism category specifically — distinct from the antibody-drug conjugate and bispecific antibody mechanisms that dominate most of the rest of the B7-H3 field — and helps frame the mechanism-specific investment thesis for an engager-platform company like GT Biopharma.

Across all four comparables, the pattern is recognizable: 2026 is the year B7-H3 became one of the most-watched antigens in oncology, and the development pipelines now actively pursuing it span four different mechanism categories. GT Biopharma’s distinction inside that crowd is that its TriKE platform is the only NK cell engager with a B7-H3 program currently dosing patients.

The Catalyst Window Ahead 

The remainder of 2026 sets up a defined catalyst window for GT Biopharma. The Phase 1 dose-escalation trial for GTB-5550 is now enrolling, with the first patient dosed on May 14, 2026, and updates anticipated in 2H 2026 as the trial progresses through dose escalation cohorts.[3] The Company’s cash position of approximately US$9 million as of March 31, 2026 is expected to provide sufficient runway through Q4 2026 — meaning the question of when initial efficacy or safety signals can be expected, and when additional capital may need to be raised against initial Phase 1 read, are both visible inside the next two to three quarters.[3]

For investors who have read the B7-H3 convergence — and concluded that the antigen has reached the validation threshold where mechanism differentiation now matters — GT Biopharma offers a small-cap, single-platform exposure to the only NK cell engager program currently in B7-H3 patient dosing. Whether the Phase 1 data ultimately supports translation into a registrational program will be tested cohort by cohort across the back half of 2026 and into 2027. The window for new entrants into the B7-H3 antigen-targeted clinical field is no longer wide open — but the window for differentiated mechanisms inside it has, briefly, never been more visible.

CONTACT:

USA News Group
[email protected]
604-265-2873

Article Sources

[1] https://www.globenewswire.com/news-release/2026/05/14/3295057/0/en/A-Cancer-Antigen-Long-Thought-Untouchable-Is-Suddenly-the-Hottest-Target-in-Oncology.html 

[2] https://www.manilatimes.net/2026/05/14/tmt-newswire/globenewswire/gt-biopharma-announces-first-patient-dosed-in-phase-1-trial-of-gtb-5550-a-b7-h3-targeted-natural-killer-nk-cell-engager-for-solid-tumors/2343964 

[3] https://www.biospace.com/press-releases/gt-biopharma-reports-first-quarter-2026-financial-results 

[4] https://www.gtbiopharma.com/product-pipeline/overview 

[5] https://www.globenewswire.com/news-release/2026/02/03/3231077/0/en/GT-Biopharma-Announces-FDA-Clearance-of-Investigational-New-Drug-IND-Application-for-GTB-5550-TriKE-a-B7-H3-Targeted-Natural-Killer-NK-Cell-Engager-for-Solid-Tumors-Expressing-B7-H.html 

[6] https://investingnews.com/a-cancer-antigen-long-thought-untouchable-is-suddenly-the-hottest-target-in-oncology/ 

[7] https://www.sec.gov/Archives/edgar/data/0001599298/000159929826000004/a2026_prx0112xannounceme.htm 

[8] https://www.sec.gov/Archives/edgar/data/0001599298/000159929826000006/smmt-20260129.htm

DISCLAIMER NOTICE

DISCLAIMER/DISCLOSURE:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for GT Biopharma, Inc. advertising and digital media from Creative Direct Marketing Group (“CDMG”). There may be 3rd parties who may have shares of GT Biopharma, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of GT Biopharma, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of GT Biopharma, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of GT Biopharma, Inc. by CDMG; this is a digital media distribution.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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SOURCE USA News Group

Sandisk Announces Participation in Investor Conferences

Sandisk Announces Participation in Investor Conferences

MILPITAS, Calif.–(BUSINESS WIRE)–
Sandisk Corporation (NASDAQ: SNDK) announced today management’s participation in the following upcoming investor conferences:

Event: J.P. Morgan Global Technology, Media and Communications Conference

Date: Wednesday, May 20, 2026 at 7:00 a.m. PT / 10:00 a.m. ET

Event: Bernstein’s 42nd Annual Strategic Decisions Conference

Date: Thursday, May 28, 2026 at 11:30 a.m. PT / 2:30 p.m. ET

Event: Mizuho Technology Conference 2026

Date: Tuesday, June 9, 2026 at 12:20 p.m. PT / 3:20 p.m. ET

The management presentations will be available as live webcasts, accessible through Sandisk’s Investor Relations website at investor.sandisk.com. The archived replays will be accessible through the website after the conclusion of the presentations.

About Sandisk

Sandisk (Nasdaq: SNDK) delivers innovative Flash solutions and advanced memory technologies that meet people and businesses at the intersection of their aspirations and the moment, enabling them to keep moving and pushing possibility forward. Follow Sandisk on Instagram, Facebook, X, LinkedIn, YouTube. Join TeamSandisk on Instagram.

Sandisk and the Sandisk logo are registered trademarks or trademarks of Sandisk Corporation or its affiliates in the U.S. and/or other countries.

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Company Contacts:

Investors: [email protected]

Media: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Semiconductor Hardware Data Management Other Technology Technology

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