22nd Century Group to Present at the Virtual Fall Investor Summit on November 17

WILLIAMSVILLE, N.Y., Nov. 16, 2020 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (NYSE American: XXII), a leading plant-based, biotechnology company that is focused on tobacco harm reduction, very low nicotine content tobacco, and hemp/cannabis research, announced today that the Company will present and meet with investors at the Virtual Fall Investor Summit. The conference is being held virtually November 16 -18, 2020.

22nd Century is scheduled to present on Tuesday, November 17, 2020 at 4:30 p.m. ET. The live webcast and presentation will be accessible in the Investors section of 22nd Century’s website under Events. An archived replay of the webcast will be available shortly after the live event.

Please visit https://investorsummitgroup.com/ to register for the conference and schedule one-on-one meeting with 22nd Century.

About 22nd Century Group, Inc.

22nd Century Group, Inc. (NYSE American: XXII) is a leading plant biotechnology company focused on technologies that alter the level of nicotine in tobacco plants and the level of cannabinoids in hemp/cannabis plants through genetic engineering, gene-editing, and modern plant breeding. 22nd Century’s primary mission in tobacco is to reduce the harm caused by smoking through the Company’s proprietary reduced nicotine content tobacco cigarettes – containing 95% less nicotine than conventional cigarettes. The Company’s primary mission in hemp/cannabis is to develop and commercialize proprietary hemp/cannabis plants with valuable cannabinoid profiles and desirable agronomic traits.

Learn more at xxiicentury.com, on Twitter @_xxiicentury and on LinkedIn.

Investor Relations & Media
Contact:

Mei Kuo
Director, Communications & Investor Relations
22nd Century Group, Inc.
(716) 300-1221
[email protected] 



Spectrum Antimicrobials, Inc. Announces Breakthrough Drug Candidate for Prevention and Treatment of Pulmonary Infections

PETALUMA, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — Spectrum Antimicrobials, Inc., a subsidiary of Collidion, Inc. announces the development of a novel antiviral drug candidate designed to treat pulmonary infections. SPC-069 is a new class of therapy designed to treat viral, bacterial, and fungal infections in the lung and respiratory tract. This promising therapy was developed to eradicate not only common pathogens but also those caused by antibiotic resistant strains known as “Super Bugs.” The Company plans to advance this drug candidate into human clinical studies as soon as possible with a partner or upon completion of its financing.

The Company believes SPC-069, has a three-fold mechanism of action against pathogens that may affect the respiratory system. First, it achieves viral and bacterial destruction through a non- selective reaction pathway. This causes fundamental damage to viral structures that are responsible for causing infection. SPC-069’s mechanism of action against bacteria causes damage to the bacterial cell membrane followed by interruption of ATP production, where such damages are irreversible. The secondary mode of action for SPC-069 involves reduction of inflammation through the possible stabilization of mast cells, reducing the overall release of histamines. Lastly, it has a non-selective reaction with general cellular receptors that may be responsible for the reduction of ACE II receptor activity. This may potentially inhibit the spike proteins of the virus from attaching to the receptor which leads to the infection of healthy cells. ACE II has been identified as the primary entry point for coronaviruses which cause respiratory illnesses such as cold and flu.

Hoji Alimi, Founder and CEO of Spectrum Antimicrobials stated, “We are hopeful that further testing will confirm that SPC-069 is safe and effective and will shorten the time for recovery in patients with lung infections caused by either viruses, bacteria or fungi. We believe that clinical studies may provide further evidence that SPC-069 can be used as a preventative therapy against cold, influenzas, bronchitis, and other respiratory ailments. SPC-069 is a patent pending modified hypochlorous acid (HOCl) formulation that has been created with a novel chemistry. HOCl is an endogenous antiviral and antimicrobial chemical that is produced by the immune cells when fighting an infection. SPC-069 essentially reintroduces the modified active chemistry that our bodies naturally produce to fight an infection and protect the respiratory tissues against infections.”

Dr. Sridhar Prasad, Chief Scientific Officer, added, “We have created four other novel antiviral and antibacterial chemistries that can effectively address infection and infection control in a vast number of treatment options as well as applications where control of infection is required. I am especially proud of our scientific talent at Plex Pharmaceuticals who have made significant contributions to our antiviral program goals at Spectrum Antimicrobials.”

Dr. Jerry Stonemetz, Spectrum’s Chief Medical Officer and Medical Director of Perioperative Services at The John Hopkins Hospital affirmed, “These findings may be crucial for the treatment of pulmonary infections since the drug deactivates viruses regardless of their mutations. Once the drug contacts the virus, it damages the virus’ structure, rendering it ineffective and incapable of spreading. This means a great deal for therapeutic treatments of other viral infections as the vaccine industry is continually trying to catch up with the mutating viruses. We hope that further testing will confirm that SPC-069 may very well become the preferred preventative therapy globally against, the coronavirus family that causes cold, influenza, and pneumonia.”

According to the CDC, up to 45 million people in the U.S. contract influenza each year. Up to 800,000 patients are hospitalized and up to 61,000 die each year. SPC-069 may become the first non-antibiotic, non-vaccine class of drug for the potential treatment of such pulmonary infections.

Bill Watson, Co-Founder and Executive Vice President of Business Development and Global Sales added, “Our new drug and device programs have the potential to revolutionize the infection control industry. SPC-069 could be the first broad-spectrum non-selective antimicrobial and antiviral drug developed to treat lung infections. We intend to extend our future clinical programs to include testing of pulmonary infections caused by Candida aureus, which may have morbidity rate of over 60%. While antibiotics are becoming less effective due to emergence of resistance, SPC-069 has the potential to become the next generation treatment option to resolve the microbial attack factors in the lung without concerns of creating new resistant strains of viruses or bacteria.

“This is a pivotal point in the Company’s evolution as we begin to turn our various novel chemistries into products for use in healthcare applications where infection control is mission critical for patient outcome. The initial driver for our product development mission was to create products that would eliminate “Super Bug” infections in wounds. In a study by Washington University in St. Louis, Missouri, as many as 153,000 lives are lost each year in the U.S. and 700,000 globally, due to antibiotic resistant infections, at a cost of $40 billion annually to the U.S. healthcare system. The discoveries made in resolving infection issues in wound care demonstrates the potential for the technology to be repurposed to fight viruses, leading to the application of SPC- 069 to treat respiratory conditions.”

Dr. David Allie, a Spectrum Board Member and Chief of Cardiothoracic and Vascular Surgery at the nation’s first dedicated Cardiovascular & Limb Salvage Center in Lafayette, LA. stated, “I am proud to have been part of the leading physicians who have contributed to the design of the clinical programs for SPC-069 and I remain optimistic that this drug candidate may revolutionize the treatment of pulmonary infections. Clinical success in future trials may lead to creation of other therapies including new treatments for wounds, burns, and surgical site infections. Based on the success of such clinical studies, Spectrum’s wound care solutions may obsolete the use of many other topical wound solutions including all other generic forms of HOCl.”

Mr. Alimi, concluded, “I am confident our breakthrough chemistries may ultimately allow us to optimize the use of SPC-069 and similar chemistries to prevent and treat infections that have been challenging if not impossible to cure. We are facing a moment in history where we hope to utilize our novel chemistries to change the standard of care in infection control, preventing and treating infections in pulmonary, wound care, burns, and surgical procedures.”

About Spectrum Antimicrobials, Inc.

Spectrum Antimicrobials, Inc. is an Infection Control Solutions Company focused on the development and commercialization of platform chemistries and drug formulations created for the treatment and prevention of infection in the healthcare industry. Our product use broad spectrum antimicrobial solutions that are highly effective against bacteria, virus, mold, fungi, and spores, including antibiotic resistant pathogens known as “Superbugs”. These novel platform chemistries were designed as therapeutics to reduce patient treatment times and the economic impact of community and hospital acquired infections. Infection management is one of the most important global challenges in medicine.

Spectrum Antimicrobials is launching a non-alcohol based hand sanitizer and a hard surface disinfectant in the United Kingdom, a novel wound solution in the animal healthcare market in the U.S. under the brand name of VetriceptTM, and a new Pathogen Resistant WaterTM for use in Continuous Positive Airway Pressure (CPAP) machines to prevent the growth of biofilms, mold, fungi and bacteria in solution within the device humidifier. The Company is advancing several of its programs into human clinical studies in 2021 and beyond and plans to launch additional products into the U.S. market and internationally.

For further information, please visit our web site at www.spectrumantimicrobials.comor contact:

William Watson, Executive Vice President
Business Development and Global Sales
[email protected]
408-206-0349

Forward-looking statement disclaimer:

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms.

In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward- looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.



TRACON Pharmaceuticals Announces Submission for Approval of Envafolimab (KN035) with the NMPA in China by its Corporate Partners Alphamab Oncology and 3D Medicines

Submission for Approval Filed in Indication of MSI-H/dMMR Cancer, Including Colorectal and Gastric Cancer

SAN DIEGO, Nov. 16, 2020 (GLOBE NEWSWIRE) — TRACON Pharmaceuticals (NASDAQ:TCON), a clinical stage biopharmaceutical company focused on the development and commercialization of novel targeted cancer therapeutics and utilizing a cost efficient, CRO-independent product development platform to partner with ex-U.S. companies to develop and commercialize innovative products in the U.S., today announced its corporate partners, Alphamab Oncology and 3D Medicines, have submitted a new drug application (NDA) for the approval of envafolimab (KN035) in the indication of MSI-H/dMMR cancer to the National Medical Products Administration (NMPA).

“We congratulate our partners on the regulatory submission of data from the registration trial of envafolimab in MSI-H/dMMR advanced solid tumors including colorectal and gastric cancer, which marks an important milestone in the development and potential commercialization of the program,” said Charles Theuer, M.D., Ph.D., TRACON Chief Executive Officer. “The submission for approval highlights the advanced status of envafolimab product development. Envafolimab is being studied in two additional registration trials, a randomized Phase 3 trial in biliary tract cancer in China being conducted by 3D Medicines and Alphamab, and TRACON’s ENVASARC trial in sarcoma in the U.S., which recently opened multiple sites and expects to dose multiple patients prior to the end of the year.”

About
Envafolimab
(KN035)

Envafolimab (KN035), a novel, single-domain antibody against PD-L1, is the first subcutaneously injected PD-(L)1 inhibitor to be studied in registration trials. Envafolimab is currently being studied in the ENVASARC Phase 2 registration trial in the U.S. sponsored by TRACON, as well as in a Phase 2 registration trial as a single agent in MSI-H/dMMR advanced solid tumor patients and a Phase 3 registration trial in combination with gemcitabine and oxaliplatin in advanced biliary tract cancer patients in China sponsored by TRACON’s corporate partners, Alphamab Oncology and 3D Medicines. Alphamab Oncology and 3D Medicines have submitted an NDA to the NMPA in China for envafolimab in MSI-H/dMMR cancer. In the Phase 2 registration trial, the confirmed objective response rate (ORR) by blinded independent central review in MSI-H/dMMR colorectal cancer (CRC) patients treated with envafolimab who failed a fluoropyrimidine, oxaliplatin and irinotecan was 32%, which was similar to the 28% confirmed ORR reported in the Opdivo package insert in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin, and irinotecan and the 33% confirmed ORR reported for Keytruda in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin and irinotecan in cohort A of KEYNOTE-164.

About
ENVASARC
(
NCT04480502)

The ENVASARC registration trial is a multi-center, open-label, randomized, non-comparative, parallel cohort study at approximately 25 top cancer centers in the United States. TRACON expects the trial to enroll 160 patients with UPS or MFS who have progressed following one or two lines of prior treatment and have not received an immune checkpoint inhibitor, with 80 patients enrolled into cohort A of treatment with single agent envafolimab and 80 patients enrolled in cohort B of treatment with envafolimab and Yervoy. The primary endpoint is ORR by blinded independent central review with duration of response a key secondary endpoint.

About TRACON

TRACON develops targeted therapies for cancer utilizing a capital efficient, CRO independent, product development platform. The Company’s clinical-stage pipeline includes: Envafolimab, a subcutaneous PD-L1 single-domain antibody being developed in a registration trial for the treatment of sarcoma; TRC253, a small molecule drug candidate for the treatment of prostate cancer; TRC102, a Phase 2 small molecule drug candidate being developed for the treatment of lung cancer and glioblastoma; and TJ004309, a CD73 antibody in Phase 1 development for the treatment of advanced solid tumors. TRACON is actively seeking additional corporate partnerships whereby it leads U.S. regulatory and clinical development and shares in the cost and risk of clinical development and leads U.S. commercialization.  In these partnerships TRACON believes it can serve as a solution for companies without clinical and commercial capabilities in the U.S.  To learn more about TRACON and its product pipeline, visit TRACON’s website at www.traconpharma.com.

About Alphamab Oncology

Alphamab Oncology is a biopharmaceutical company focusing on innovative biologics medicine for oncology. On December 12, 2019, the Company was listed in the mainboard of Hong Kong Stock Exchange with stock code 9966. Alphamab has fully integrated proprietary biologics platforms in bi-specifics and protein engineering. Its pipeline includes eight anti-tumor drug candidates including mainly bi-specifics, and a Covid-19 multifunctional antibody. Four products have advanced into phase I-III clinical trials in China, the United States, and Japan. The Company also has state-of-the-art manufacturing capabilities designed and built to meet NMPA and EU/FDA’s cGMP standards and a complete quality system which has passed the on-site inspection of a European Union qualified person. Alphamab Oncology is committed to building a global leading, multi-dimensional drug development and commercialization platform, focusing on multifunctional biological innovative drugs, and to benefit patients in China and around the world. Visit http://www.alphamabonc.com for more information.

About 3D Medicines

3D Medicines is a clinical-stage biopharmaceutical company focused on the development of differentiated next-generation immuno-oncology drugs for cancer patients. The world’s first subcutaneous injection PD-L1 antibody Envafolimab (KN035), is currently under clinical development in the United States, China and Japan. 3D Medicines is building a pipeline targeting major indications through combination strategy, either with in-house assets or in collaboration with partners around the world. With a professional team in the China and US, 3D Medicines is capable of conducting global clinical development and registration.

Forward-Looking Statements

Statements made in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward‐looking statements. Such statements include, but are not limited to, statements regarding TRACON’s plans to further develop product candidates, expectations regarding the timing and scope of clinical trials and availability of clinical data, expected development and regulatory milestones and timing thereof, and TRACON’s business development strategy and goals to enter into additional collaborations. Risks that could cause actual results to differ from those expressed in these forward‐looking statements include: risks associated with clinical development; whether TRACON or others will be able to complete or initiate clinical trials on TRACON’s expected timelines, if at all, including due to risks associated with the COVID-19 pandemic or other pandemics; the fact that future preclinical studies and clinical trials may not be successful or otherwise consistent with results from prior studies; the fact that TRACON has limited control over whether or when third party collaborators complete on-going trials, initiate additional trials or seek regulatory approval of TRACON’s product candidates; the fact that TRACON’s collaboration agreements are subject to early termination; whether TRACON will be able to enter into additional collaboration agreements on favorable terms or at all; potential changes in regulatory requirements in the United States and foreign countries; TRACON’s reliance on third parties for the development of its product candidates, including the conduct of its clinical trials and manufacture of its product candidates; whether TRACON will be able to obtain additional financing; and other risks described in TRACON’s filings with the Securities and Exchange Commission under the heading “Risk Factors”. All forward‐looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. TRACON undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Company Contact: Investor Contact:
Mark Wiggins Brian Ritchie
Chief Business Officer LifeSci Advisors LLC
(858) 251-3492 212-915-2578
[email protected]  [email protected]



Fifth Third Introduces the Fifth Third Cash/Back Card

Fifth Third Introduces the Fifth Third Cash/Back Card

New card offers unlimited 1.67% cash back on every purchase

CINCINNATI–(BUSINESS WIRE)–
Fifth Third Bank today announced its new cash back rewards credit card. The Fifth Third Cash/Back Credit Card is the bank’s new flagship rewards credit card product, offering 1.67% cash back on every purchase, no matter the category.* The new contactless-enabled card gives customers the ability to tap and go in store or load into their digital wallet as a safer way to pay. Customers can also manage the card directly from their Fifth Third Mobile Banking app.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005759/en/

Fifth Third Introduces the Fifth Third Cash/Back Card. New card offers unlimited 1.67% cash back on every purchase. (Photo: Business Wire)

Fifth Third Introduces the Fifth Third Cash/Back Card. New card offers unlimited 1.67% cash back on every purchase. (Photo: Business Wire)

“The new card empowers customers to earn 1.67% cash back on all their purchases. It’s that simple,” said Mike Butera, head of consumer products and payments for Fifth Third Bank. “There are no hidden requirements or qualifications. Customers can use one card and know that they are receiving tangible benefits no matter where and what they purchase.”

The new Fifth Third Cash/Back Card offers:

  • Unlimited 1.67% cash back on every purchase.
  • Contactless payment option.
  • No annual fee.
  • No rewards expiration.
  • No rotating categories.

Additionally, Fifth Third is introducing two new products that will offer unlimited 2% cash back on every purchase and no annual fee** for clients who have a Preferred or Private Bank relationship. The card is one more initiative that demonstrates how the Bank is creating solutions to fit neatly into customers’ lives and making banking a Fifth Third better.

“Consumers want one card that earns abundant cash back on all purchases regardless of the category,” Butera said. “The Fifth Third Cash/Back Card keeps things simple: You make purchases, you earn cash back. We are excited to introduce our new flagship rewards card that ensures a seamless experience for our customers, as well as offers more rewards and benefits as their relationship expands with us.”

Customers can learn more and apply for the new Fifth Third Cash/Back Card at 53.com or at any Fifth Third branch location.

*Earn 1.67 Rewards Points (1.67% cash back) for each $1 spent on qualified purchases. The value of each point is $0.01. If earned points result in a fractional amount, then such fractional amount will be rounded to the nearest whole number. For example, if your Rewards Points total 3.216, you will be awarded 3 Rewards Points.

 

**Earn 2 Rewards Points (2% cash back) for each $1 spent on qualified purchases. The value of each point is $0.01.

 

See the rewards terms and conditions at 53.com/myrewards for important information including details about: (1) Purchases: dollar value of goods and services, minus credits and adjustments, excluding fees and other items. (2) Categories: merchants’ card readers are assigned to categories which determine how a transaction is characterized for rewards purposes. We do not control which categories card readers are assigned to. (3) Redemption options. (4) Changes: the program may change. (5) Expiration: points do not expire.

 

Variable APR of 15.49% to 25.49% on purchases when you open your account and on balance transfers after the introductory period. Variable APRs are accurate as of 11/12/2020 and are subject to change with the market based on the prime rate. Cash advance variable APR: 24.99%. Annual Fee: None. Balance transfer fee either $5 or 4% of the amount of each transfer, whichever is greater. Cash advance fee either $10 or 5% of the amount of each cash advance, whichever is greater. Convenience check fee either $5 or 4% of the amount of each check, whichever is greater. International transaction fee: None. Late payment fee of up to $40. Minimum interest charged is $1.50. We may end any promotional (including introductory) APR(s) and apply the standard APR for purchases or balance transfers, as appropriate, if you make a late payment.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Sept. 30, 2020, Fifth Third had $202 billion in assets and operated 1,122 full-service banking centers and 2,414 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2020, had $422 billion in assets under care, of which it managed $53 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

Laura Trujillo (Media Relations)

[email protected] | 513-534-NEWS

Chris Doll (Investor Relations)

[email protected] | 513-534-2345

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo
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Photo
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Fifth Third Introduces the Fifth Third Cash/Back Card. New card offers unlimited 1.67% cash back on every purchase. (Photo: Business Wire)

IIROC Trade Resumption – ACB.WT.U

Canada NewsWire

TORONTO, Nov. 16, 2020 /CNW/ – Trading resumes in:

Company: Aurora Cannabis Inc.

TSX Symbol: ACB.WT.U

All Issues: No

Resumption (ET): 9:45 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Interface, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – TILE

ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Interface, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – TILE

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Interface, Inc. (NASDAQ: TILE) between March 2, 2018 and September 28, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Interface investors under the federal securities laws.

To join the Interface class action, go to http://www.rosenlegal.com/cases-register-1788.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Interface had inadequate disclosure controls and procedures and internal control over financial reporting; (2) consequently, Interface, among other things, reported artificially inflated income and earnings per share (EPS) in 2015 and 2016; (3) Interface and certain of its employees were under investigation by the SEC with respect to the foregoing since at least November 2017, had impeded the SEC’s investigation, and downplayed the true scope of the Company’s wrongdoing and liability with respect to the SEC investigation; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 11, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1788.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Other Professional Services Professional Services Legal

MEDIA:

Silo Pharma, Inc. Expands Scientific Advisory Board with the Appointment of Dr. Joshua Woolley of University of California, San Francisco

NEW YORK , Nov. 16, 2020 (GLOBE NEWSWIRE) — Silo Pharma, Inc. (OTCQB: SILO) today announced that its Board of Directors has named scientific research investigator Dr. Joshua Woolley, M.D. / Ph.D. to its newly formed Scientific Advisory Board.  

Dr. Joshua Woolley M.D. / Ph.D. is an Associate Professor in Residence, Department of Psychiatry at the University of California, San Francisco (UCSF) as well as a staff psychiatrist in Mental Health at the San Francisco Veterans Affairs Medical Center (SFVAMC). Throughout his career, Dr. Woolley has moved between the clinical and research laboratory, focusing his area of study on understanding and treating social cognitive deficits across various mental illness diagnoses.

“Dr. Woolley’s commitment to the treatment of psychological and mental disorders is apparent in both his research and his practice,” said Eric Weisblum, CEO of Silo Pharma. “Dr. Woolley’s perspectives will be of tremendous value to us as we continue the advancement of psychedelic drug research and development.”

Dr. Woolley is currently the principal investigator and founder of the Bonding and Attunement in Neuropsychiatric Disorders (BAND) Laboratory. The mission of the BAND Lab is to understand the mechanisms of social connection in general, understand why people with mental illness have trouble with social connection, and develop and test novel treatments for these deficits. Dr. Woolley has been studying the mechanisms underlying social cognitive deficits found across different mental illness diagnoses including schizophrenia, posttraumatic stress disorder and substance use disorders. He is also investigating the psychobiological mechanisms underlying group cohesion and trust as well as developing pharmacologically enhanced group interventions for these psychiatric illnesses.

“Psilocybin-assisted psychotherapy is showing real promise in research as evidenced by intense interest amongst pharmaceutical companies in new drug therapies,” added Weisblum. “I look forward to working with Dr. Woolley to develop robust research opportunities and contribute to the progress of psychedelic drug research and commercialization.”

Dr. Woolley received his bachelor’s degree from Brown University with a double major in Biology and Philosophy. He received both his MD and his PhD in Neuroscience from UCSF.

About Silo Pharma

Silo Pharma is a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research for people suffering from indications such as depression, PTSD, Parkinson’s, and other rare neurological disorders. Silo’s mission is to identify assets to license and fund the research which we believe will be transformative to the well-being of patients and the health care industry.  For more information, visit www.silopharma.com.

Safe Harbor and Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential” and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Silo Pharma, Inc. (“Silo” or “the Company”) to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Company’s technology platforms, retaining and expanding the Company’s customer base, fluctuations in consumer spending on the Company’s products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this presentation, whether as a result of new information, future events or otherwise, after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.



Investor Relations Contact

:                                              


Hayden IR

Brett Maas
646-536-7331
Email: [email protected]



Altius Reports Acquisition of Kami Iron Ore Project by Champion Iron

Altius Reports Acquisition of Kami Iron Ore Project by Champion Iron

ST. JOHN’S, Newfoundland and Labrador–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) reports that it has been informed by Deloitte Restructuring Inc., the Receiver overseeing the disposition of assets formerly held by Alderon Iron Ore Corp. (“Alderon”), that an acquisition proposal by Champion Iron Limited (the “Acquisition”) has been approved by the Supreme Court of Newfoundland and Labrador following a competitive bidding process. The primary asset involved in the Acquisition is the advanced stage Kamistiatusset (“Kami”) iron ore project located in the Labrador Trough geological belt in western Labrador.

Altius’s Project Generation team completed an initial drilling program that broadly outlined the Kami high-grade iron ore deposits in 2008. Altius subsequently sold the project to Alderon in exchange for a significant equity shareholding in the company and retention of a direct project interest through a 3% gross sales royalty, which has not been impacted by the receivership process. Altius then acquired additional Alderon equity in early 2018 through a purchase from a third-party shareholder and soon after that also became a minority participant in a Sprott Private Resource Lending LP secured debt funding syndicate.

Under the Acquisition, Altius will receive 600,000 Champion Iron shares as consideration for the sale of its portion of secured debt of Alderon. It also expects to receive a portion of the $15 million cash consideration and the future production-based payments stemming from its 37.3% equity holding in Alderon. The amount of cash consideration will be dependent on the Receiver’s approval process for any additional creditor claims, which will rank in priority over any amounts payable to equity holders. This process remains ongoing, but the Receiver has stated that it believes there will be a substantial recovery to Alderon shareholders.

Closing of the Acquisition is subject to the consent of the Ministry of Industry, Energy and Technology of Newfoundland and Labrador, as well as other customary closing conditions. The Acquisition is expected to be completed in the fourth quarter of calendar 2020.

Brian Dalton, Altius CEO commented, “We are excited to learn that the Kami project has found its way to a new owner that has the proven operating experience and financial depth necessary to further its advancement to potential production. The project is located adjacent to available infrastructure and features high-quality iron ore of a type that is in increasing global demand owing to its low impurities and inherently lower emissions profile during the steel making process. In addition to achieving a recovery on our loan principal and benefitting from our significant equity interest in Alderon, we are excited about the renewed possibility for development of the Kami project and the implications of that relative to our fully preserved royalty interest.”

He then added, “We are also pleased that communities in the Labrador West region, various aboriginal groups and indeed the Provinces of Newfoundland and Labrador and Quebec can now gain a renewed hope in the future economic and social benefits that development of the Kami project would entail and call upon all stakeholders to work diligently together to ensure this outcome. With a strong spirit of cooperation and the inherent positive economic and global sustainability features of the Kami project we share optimism for a positive result and pledge our ongoing support.”

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,464,462 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-Looking Information

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management’s expectations. In certain cases, forward‐looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.  

Flora Wood

Email: [email protected]

Tel: 1.877.576.2209

Direct: +1(416)346.9020

Chad Wells

Email: [email protected]

Tel: 1.877.576.2209

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Alternative Energy Energy Natural Resources Mining/Minerals

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Meritor Announces Proposed Offering of Notes

PR Newswire

TROY, Mich., Nov. 16, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced it intends, subject to market and other conditions, to offer $275 million aggregate principal amount of unsecured senior notes due 2028 (the “notes”) in a private placement to qualified institutional buyers in reliance on Rule 144A and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

Each of Meritor’s wholly-owned subsidiaries, from time to time guaranteeing Meritor’s senior secured revolving credit facility (as it may be amended, extended, replaced or refinanced, or any subsequent credit facility), will guarantee the notes on a senior unsecured basis.

The company currently expects to use the net proceeds from the offering of the notes to redeem a portion of its outstanding 6.25% senior notes due 2024 (the “2024 notes”).

The notes to be offered have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any offer or sale of the notes in any state in which such offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption of the 2024 notes.

About Meritor

Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 7,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR.

Forward-Looking Statement

This release contains forward-looking statements relating to the proposed private placement of the notes and the company’s intended use of proceeds of the notes. Such statements are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipated,” “estimate,” “should,” “are likely to be,” “will” and similar expressions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the duration and severity of the COVID-19 pandemic and its effects on public health, the global economy, financial markets and operations; our reliance on major original equipment manufacturer (“OEM”) customers and possible negative outcomes from contract negotiations with our major customers, including failure to negotiate acceptable terms in contract renewal negotiations and our ability to obtain new customers; the outcome of actual and potential product liability, warranty and recall claims; our ability to successfully manage rapidly changing volumes in the commercial truck markets and work with our customers to manage demand expectations in view of rapid changes in production levels; global economic and market cycles and conditions; availability and sharply rising costs of raw materials, including steel, and our ability to manage or recover such costs; our ability to manage possible adverse effects on our European markets or our European operations, or financing arrangements related thereto following the United Kingdom’s decision to exit the European Union or in the event one or more other countries exit the European monetary union; risks inherent in operating abroad (including foreign currency exchange rates, restrictive government actions regarding trade, implications of foreign regulations relating to pensions and potential disruption of production and supply due to terrorist attacks or acts of aggression); risks related to our joint ventures; rising costs of pension benefits; the ability to achieve the expected benefits of strategic initiatives and restructuring actions; our ability to successfully integrate the products and technologies of Fabco Holdings, Inc., AA Gear Mfg., Inc., AxleTech and Transportation Power, Inc. and future results of such acquisitions, including their generation of revenue and their being accretive; the demand for commercial and specialty vehicles for which we supply products; whether our liquidity will be affected by declining vehicle productions in the future; OEM program delays; demand for and market acceptance of new and existing products; successful development and launch of new products; labor relations of our company, our suppliers and customers, including potential disruptions in supply of parts to our facilities or demand for our products due to work stoppages; the financial condition of our suppliers and customers, including potential bankruptcies; possible adverse effects of any future suspension of normal trade credit terms by our suppliers; potential impairment of long-lived assets, including goodwill; potential adjustment of the value of deferred tax assets; competitive product and pricing pressures; the amount of our debt; our ability to continue to comply with covenants in our financing agreements; our ability to access capital markets; credit ratings of our debt; the outcome of existing and any future legal proceedings, including any proceedings or related liabilities with respect to environmental, asbestos-related, or other matters; possible changes in accounting rules; and other substantial costs, risks and uncertainties, including but not limited to those detailed under the heading entitled “Risk Factors” in Part I, Item 1A of the company’s Annual Report on Form 10-K for the year ended September 30, 2020 and from time to time in other filings of the company with the SEC.  The forward-looking statements in this release speak only as of the date hereof, and the company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE Meritor, Inc.

Employers express interest in individual coverage health reimbursement arrangements

Willis Towers Watson survey shows strongest interest in public sector, education, wholesale and retail industries

ARLINGTON, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) — Individual coverage health reimbursement arrangements (ICHRAs), a new employer-sponsored health care benefit program for active employees that became available this year, are drawing the attention of U.S. employers, particularly wholesale and retail employers and those in education and the public sector. This is according to new research by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company.

An IRS rule issued in 2019 opened the door for employers to begin offering ICHRAs this year. With an ICHRA, employees choose where their medical benefit dollars are spent by purchasing individual insurance coverage and then receiving a reimbursement through an employer-sponsored health reimbursement arrangement. The survey found growing interest in this new benefit as a way for employers to keep their costs fixed by giving employees the opportunity to manage their own health care benefit choices and spend.

According to the Willis Towers Watson 2020 Health Care Delivery Survey, about one in six employers (15%) is planning to offer or considering offering ICHRAs to at least some portion of its employees in 2022 or later. The survey results showed similar levels of interest regardless of employer size, with 20% of large employers planning to offer or considering offering ICHRAs to at least some portion of their active employees. In a further sign of support for ICHRAs, a forthcoming Willis Towers Watson survey of chief financial officers found one-third are considering ICHRAs for some portion of their active employees.

“Not surprisingly, relatively few employers adopted ICHRAs this year, as the pandemic diverted much of their attention to other critical benefit matters,” said John Barkett, senior director of policy affairs, Benefits Delivery and Administration, Willis Towers Watson. “However, we expect to see interest grow as companies learn more about ICHRAs and the market for individual health plans continues to grow more robust each year. ICHRAs may be a preferred option for companies considering offering health care benefits through a defined contribution approach personalized to each employee.”

The survey found nearly one in three (29%) public sector and education employers and almost a quarter (22%) of wholesale and retail employers are planning to offer or considering offering ICHRAs in 2022 or later. These sectors may be among the early adopters of this new benefit option, which affords employers greater ability to control costs and provides employees with more health benefit options than their employers offer today.

“ICHRAs may align well with employers rethinking their overall approach to benefits, especially in certain industries that have struggled with the challenge of providing competitive benefits that meet the diverse needs of their workforces under ever-increasing budget pressures. And as more employers adopt the ICHRA approach, employees could find relief from the burden of having to change plans whenever they change jobs,” said Barkett.

About the survey
s

A total of 397 employers participated in the Willis Towers Watson 2020 Health Care Delivery Survey, which was conducted in August and September.

A total of 54 finance executives participated in the Willis Towers Watson 2020 Health Care CFO Survey conducted in September and October.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

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