Disc Medicine Initiates a Phase 1 Study of DISC-3405 (anti-TMPRSS6 mAb) in Healthy Volunteers

WATERTOWN, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) — Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases, today announced the initiation of a Phase 1 study of DISC-3405 (formerly MWTX-003) in healthy volunteers. DISC-3405 is a monoclonal antibody designed to target TMPRSS6 (Transmembrane Serine Protease 6, also known as Matriptase-2) to increase hepcidin and decrease iron.

“The initiation of this trial marks the third program that Disc has brought into the clinic and strengthens our position as leaders in the field of hepcidin biology and iron homeostasis. We believe DISC-3405 has potential across a broad range of diseases where restricting iron may have therapeutic benefit, such as polycythemia vera, iron overload conditions, and other diseases. We look forward to pursuing those indications upon the completion of this trial,” said John Quisel, J.D., Ph.D., President and Chief Executive Officer of Disc. “This milestone comes at an exciting time for us, as we plan to share data updates from ongoing clinical studies of our other two programs, bitopertin and DISC-0974, later this year.”

The study will be a randomized, double-blind, placebo-controlled, single- and multiple-ascending dose Phase 1 trial in healthy volunteers and will evaluate safety, tolerability, pharmacokinetics, and measures of pharmacodynamic activity, including markers of iron homeostasis and erythropoiesis. The single-ascending dose portion of the study is planned to enroll four cohorts at increasing dose levels, starting with intravenous administration with a plan to move to subcutaneous administration later in the study. The multiple-ascending dose portion is planned to enroll two cohorts, each receiving subcutaneous injections of DISC-3405. Following completion of this study, Disc plans to initiate a trial in polycythemia vera, for which DISC-3405 has received Fast Track Designation.

About DISC-3405 (previously MWTX-003)

DISC-3405, formerly known as MWTX-003, is an investigational, anti-TMPRSS6 (Transmembrane Serine Protease 6, also known as Matriptase-2) monoclonal antibody designed to increase hepcidin production and suppress serum iron, that Disc in-licensed from Mabwell Therapeutics in January 2023. Preclinical studies of DISC-3405 have demonstrated an increase in hepcidin production and suppression of serum iron levels in animal models of beta-thalassemia and polycythemia vera. Disc plans to develop DISC-3405 initially as a treatment for polycythemia vera as well as other iron-overload conditions.

DISC-3405 is an investigational agent and is not approved for use as a therapy in any jurisdiction worldwide.

About Disc Medicine

Disc Medicine (NASDAQ:IRON) is a clinical-stage biopharmaceutical company committed to discovering, developing, and commercializing novel treatments for patients who suffer from serious hematologic diseases. We are building a portfolio of innovative, potentially first-in-class therapeutic candidates that aim to address a wide spectrum of hematologic diseases by targeting fundamental biological pathways of red blood cell biology, specifically heme biosynthesis and iron homeostasis. For more information, please visit www.discmedicine.com.

Disc Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, express or implied statements regarding Disc’s expectations with respect to its AURORA Phase 2 and BEACON Phase 2 clinical studies of bitopertin, and its Phase 1b/2 study of bitopertin in Diamond-Blackfan Anemia, its Phase 1b/2 clinical study of DISC-0974 in NDD-CKD patients with anemia, its Phase 1 study of DISC-3405 and potential development of DISC-3405 as a treatment for polycythemia vera and other indications, projected timelines for the initiation and completion of its clinical trials, anticipated timing of release of data, and other clinical activities; Disc’s business plans and objectives; and Disc’s beliefs about operating expenses and that it will have capital to fund Disc well into 2026. The use of words such as, but not limited to, “believe,” “expect,” “estimate,” “project,” “intend,” “future,” “potential,” “continue,” “may,” “might,” “plan,” “will,” “should,” “seek,” “anticipate,” or “could” or the negative of these terms and other similar words or expressions that are intended to identify forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on Disc’s current beliefs, expectations and assumptions regarding the future of Disc’s business, future plans and strategies, clinical results and other future conditions. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

Disc may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and investors should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements as a result of a number of material risks and uncertainties including but not limited to: the adequacy of Disc’s capital to support its future operations and its ability to successfully initiate and complete clinical trials; the nature, strategy and focus of Disc; the difficulty in predicting the time and cost of development of Disc’s product candidates; Disc’s plans to research, develop and commercialize its current and future product candidates; the timing of initiation of Disc’s planned preclinical studies and clinical trials; the timing of the availability of data from Disc’s clinical trials; Disc’s ability to identify additional product candidates with significant commercial potential and to expand its pipeline in hematological diseases; the timing and anticipated results of Disc’s preclinical studies and clinical trials and the risk that the results of Disc’s preclinical studies and clinical trials may not be predictive of future results in connection with future studies or clinical trials and may not support further development and marketing approval; the other risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023, and other documents filed by Disc from time to time with the SEC, as well as discussions of potential risks, uncertainties, and other important factors in Disc’s subsequent filings with the SEC. Any forward-looking statement speaks only as of the date on which it was made. None of Disc, nor its affiliates, advisors or representatives, undertake any obligation to publicly update or revise any forward-looking statement, whether as result of new information, future events or otherwise, except as required by law.

Media Contact

Peg Rusconi
Verge Scientific Communications
[email protected]

Investor Relations Contact

Christina Tartaglia
Stern Investor Relations
[email protected]



Skyward Specialty and eMaxx Power Up Alternative Energy Warranty Products with an Expanded Captives Partnership

HOUSTON and PEABODY, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) (“Skyward Specialty”) a leader in the specialty property and casualty (P&C) market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, announced the expansion of their captives partnership. Skyward Specialty will provide strategic support and additional capacity for eMaxx’s innovative variable Alternative Energy Warranty Products captive solutions.

eMaxx’s suite of warranty solutions support manufacturers, developers, and owners of renewable, alternative, and energy-efficiency projects by providing an insurance-backed captives solution covering product and performance shortfalls. The partnership will provide the captive participants with access to risk capital and best in class technical engineering-based underwriting and risk management to mitigate performance risk and improve the strength of manufacturer and contractor warranties.

“If the transition to a greener economy is going to be successful, the market needs superior risk management opportunities to protect the businesses driving the transition forward. eMaxx’s solutions do just that and have a track record for strong historical loss performance,” said Kirby Hill, President Industry Solutions Programs and Captives. “We are thrilled to be in a position to expand our alternative energy portfolio and provide the confidence and protection companies need to innovate and develop the rapidly evolving renewable energy landscape.”

“The recent regulations published by the Internal Revenue Service relating to the Inflation Reduction Act are increasing demand for Alternative Energy Warranty Products,” said Kevin Kaminski, Senior Vice President, Underwriting. “The strategic relationship we have with Skyward Specialty Insurance, the financial strength and capacity they provide, combined with eMaxx’s deep expertise and underwriting experience for securing projects performance will further increase and accelerate investors and project owners’ confidence to undertake alternative and renewable energy projects.”

The Alternative Energy Warranty captive solutions will be available throughout the United States and Canada.

About Skyward Specialty

Skyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions — Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Skyward Specialty’s subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated “A- (Excellent)” with a positive outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

About eMaxx

eMaxx Assurance Group of Companies, Inc. tech-enabled specialty provider of commercial property and casualty insurance programs that has four operating companies. The companies include: eMaxx Insurance Services, LLC (Insurance Program Administrator), eCaptiv (Vermont Domiciled Captive Insurance Company), eRisk Solutions, LLC (Loss Prevention / Safety, Claims Investigational & Oversight, and Litigation Management) and eTech Services, LLC (Loss Expense Reducing Technology Systems and Platforms including Telematics Exchange and eLive Connect). More information can be found at: https://www.emaxxgroup.com.

Contacts

Ryan Burke
Vice President, Programs, Skyward Specialty
[email protected]

Business Development
Kevin Kaminski
Sr. Vice President, Underwriting, eMaxx
[email protected]
978-531-1822 x 304

Media

Megan McCarthy
Vice President, Strategic Relations, eMaxx
[email protected]
978-531-1822 x 360

Haley Doughty
Communications Director, Skyward Specialty
[email protected]
713-935-4944



Overstock Appoints Marcus Lemonis to Board of Directors

  • Chairman and Chief Executive Officer at Camping World (NYSE:CWH)
  • 25-years of experience in business development and retail growth
  • Expertise in business acquisition and integration

MIDVALE, Utah, Oct. 03, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has appointed Marcus Lemonis as its newest independent director, effective October 2, 2023.

Lemonis is currently the Chairman and Chief Executive Officer (CEO) of Camping World (NYSE:CWH). He brings a broad and diverse experience in growing and scaling companies from the inside out. He’s well-known for improving small businesses on CNBC’s The Profit where he helped them focus on their people, process, and products to achieve stability and profitability. Lemonis also helps homeowners improve the value and function of their homes on his hit TV show, The Renovator. He has more than 25 years of business development, corporate retail, and entrepreneurship experience.

Under his leadership and vision, Lemonis has grown Camping World and Good Sam from the ground up to become the world’s largest RV and outdoor retailer and affinity group. Today the company operates in more than 40 states with over 13,000 employees. Good Sam, the world’s largest affinity organization registers over 5.2 million active consumers, spanning a host of products and services, covering protective services, financial services, and lifestyle products. His approach to business management is putting employees first, ensuring a culture that allows people to thrive.

“We are delighted to welcome Marcus to the board,” said current Overstock Chairwoman of the Board, Allison Abraham. “As a CEO of a publicly traded company, he brings a wealth of experience in leadership, retail, branding and customer engagement that will complement the current board’s strengths and position the company for growth and success. I am excited for Marcus to take on a larger leadership role on the board in the future as we continue with our transformation to the new Bed Bath & Beyond brand.”

“I am thrilled to augment our board with Marcus’s experience,” said Jonathan Johnson, CEO of the new Bed Bath & Beyond and board member. “With our recent acquisition of Bed Bath & Beyond, it’s a transformational time for our company and his expertise in growing and scaling businesses will be invaluable. I’m confident that his strong business acumen will allow him to meaningfully contribute to the company during this pivotal time. As Marcus becomes more familiar with the company, I expect to work closely with him as he takes a bigger and more meaningful role on the board.”

“This appointment merges many of my personal and professional interests,” said Lemonis. “Reinventing and reformatting businesses is a passion and focus of mine. I’m excited about the opportunities that lay ahead for the new Bed Bath & Beyond. I’m enthusiastic about joining the company’s Board of Directors as it embarks on a new phase of growth with an iconic consumer brand.”

With the addition of Lemonis, the Overstock board now has nine members, eight of whom are independent.

About Marcus Lemonis

Many know him as the “business turnaround king” and star of CNBC’s prime time reality series The Profit. Lemonis’ notoriety has been established by his tenacity, shrewdness, and determination. His biggest business success is as the chairman and CEO of Camping World, the nation’s largest RV and outdoor retailer, and Good Sam, the world’s largest RV owner’s organization. On his TV show, The Profit, he lends his expertise to struggling small businesses around the country, judging, and improving them with the “3P” principle: “People / Process / Product.” Lemonis also helps homeowners improve the value and function of their homes on his hit TV show, The Renovator. For more information, visit MarcusLemonis.com.


About Overstock.com


Overstock.com, Inc. (NASDAQ:OSTK) is a technology-focused innovator based in Midvale, Utah and owner of the Bed Bath & Beyond brand and other intellectual property related to the brand. Bed Bath & Beyond is an online home furnishings and furniture retailer in the United States and Canada. The leading ecommerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping site features millions of products that tens of millions of customers visit each month. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website.

Bed Bath & Beyond, Beyond, Welcome Rewards, Overstock, and Overstock.com are trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.


Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding our board of directors and future actions. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on February 24, 2023, Form 10-Q for the fiscal quarter ended March 31, 2023, which was filed with the SEC on May 2, 2023, Form 10-Q for the fiscal quarter ended June 30, 2023, which was filed with the SEC on July 31, 2023, and in our subsequent filings with the SEC.


Contacts

Investor Relations:
Lavesh Hemnani
[email protected]


Media Relations:
Sarah Factor
[email protected]



CommScope Announces Plans to Sell Home Networks Business to Vantiva

CommScope Announces Plans to Sell Home Networks Business to Vantiva

HICKORY, N.C.–(BUSINESS WIRE)–CommScope (NASDAQ: COMM) a global leader in network connectivity, announced today it plans to sell its Home Networks Business to Vantiva (Euronext Paris: VANTI), formerly known as Technicolor. CommScope first announced it intended to separate its Home Networks Business in April 2021 as part of its CommScope NEXT initiative to drive portfolio optimization. After assessing various strategic alternatives for the Home Networks business, CommScope determined that Vantiva is the best partner for this business.

Under the terms of the transaction, which is expected to be completed in Q4 2023, CommScope will receive:

  • a 25% stake in Vantiva at closing; and

  • an earnout of up to $100 million, contingent upon Vantiva achieving EBITDA equal to or exceeding €400M in a given year over a 5-year period and meeting certain other thresholds.

This transaction structure allows CommScope to capture future upside from significant synergy value creation. CommScope will also have one representative join Vantiva’s Board of Directors, highlighting its commitment to Vantiva’s strategy.

“For the past 2 years, we have methodically and thoughtfully considered the strategic alternatives for our Home Networks business which would provide the highest value for our shareholders and the best partner to support our customers. In Vantiva, we are confident that we have found the right buyer. Our Home Networks business is currently in a challenging environment, and by combining these two businesses we believe it provides the best opportunity for future success. Additionally, both Home Networks and Vantiva share a similar vision, and value innovation, customer service, and developing products of the highest quality,” stated Chuck Treadway, CEO, CommScope. “We see compelling financial and commercial reasons for the combination of these two businesses at this time, and we are excited about the future opportunities for our employees, customers and partners around the world.”

“This planned strategic acquisition represents a unique transformative opportunity for Vantiva,” said Luis Martinez-Amago, CEO of Vantiva. “It will enable us to reinforce Vantiva’s Connected Home operations, accelerate our innovation roadmap and expand into new markets through additional commercial partnerships. From a financial perspective, the acquisition of Home Networks will substantially increase the scale of our business while also generating synergies, that will significantly strengthen our free cash flow generation potential. This will result in a value-enhancing transaction benefiting all stakeholders, including end-consumers, customers, employees, shareholders and lenders. Subject to various approvals, we will be thrilled to welcome CommScope as a shareholder in Vantiva and our new colleagues joining us from CommScope Home Networks.”

CommScope’s Home Networks is currently a global leader in connected home devices, software, and services; it provides reliable, secure, next-generation home networking solutions that are sustainably sourced to customers. With over 300 million connected home devices delivered worldwide, Home Networks leverages decades of experience and expertise to assist partners in providing innovation, value, and quality to accelerate the adoption of advanced home services. Vantiva is a global technology leader in designing, developing and supplying innovative products and solutions that connect consumers around the world to the content and services they love – whether at home, at work or in other smart spaces.

CommScope has granted Vantiva a binding call option to acquire the Home Networks business so as to permit Vantiva’s works council to be informed and consulted prior to the exercise of the option as is required in France. We expect Vantiva to exercise the call option upon completion of the consultation period.

The transaction is subject to the receipt of required regulatory approvals and approval by Vantiva shareholders.

Advisors

Evercore is acting as financial advisor to CommScope. Alston & Bird and De Pardieu Brocas Maffei are acting as legal advisors to CommScope.

CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries. For additional trademark information see https://www.commscope.com/trademarks.All other product names, trademarks and registered trademarks are property of their respective owners.

About CommScope:

CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what’s next and invent what’s possible. Discover more at www.commscope.com.

Follow us on Twitter and LinkedIn and like us on Facebook.

Sign up for our press releases and blog posts.

This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.

Source: CommScope

News Media Contact:

Luke Hamer

[email protected]

Financial Contact:

Massimo Disabato, CommScope

[email protected]

KEYWORDS: North Carolina United States North America

INDUSTRY KEYWORDS: Data Management Technology Mobile/Wireless Telecommunications Networks Hardware

MEDIA:

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ZIVO Bioscience to Present at the Dawson James Small Cap Growth Conference

BLOOMFIELD HILLS, Mich, Oct. 03, 2023 (GLOBE NEWSWIRE) — Zivo Bioscience, Inc. (NASDAQ: ZIVO) (the “Company”), a biotech/agtech R&D company engaged in the development of therapeutic, medicinal and nutritional product candidates derived from proprietary algal cultures, announces that management will deliver a company presentation and will hold investor meetings at the 8th Annual Dawson James Small Cap Growth Conference being held Thursday, October 12, 2023 at the Wyndham Grand Jupiter at Harbourside Place in Jupiter, Fla.

Event: 8th Annual Dawson James Small Cap Growth Conference
Date: Thursday, October 12, 2023
Time: 9:00 a.m. Eastern Time
Location: Wyndham Grand Jupiter at Harbourside Place
Webcast:
https://wsw.com/webcast/dawson8/zivo/2075040

Investors interested in arranging a meeting with ZIVO management should contact Tirth Patel at LHA Investor Relations at [email protected].

About ZIVO Bioscience

ZIVO Bioscience is a research and development company with an intellectual property portfolio comprised of proprietary algal and bacterial strains, biologically active molecules and complexes, production techniques, cultivation techniques and patented or patent pending inventions for applications in human and animal health. Please visit www.zivobioscience.com for more information.

Forward Looking Statements

Except for any historical information, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including with respect to the Company’s product candidate’s potential to generate revenues and the expected time frame for results of future studies. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Although ZIVO believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including risks that our strategic partnerships may not facilitate the commercialization or market acceptance of our products; risks that we will be unable to increase production sufficient to meet our expected demand; risks that our products may not be ready for commercialization in a timely manner or at all; risks that our products will not perform as expected based on results of our pre-clinical and clinical trials; our ability to raise additional funds; uncertainties inherent in the development process of our products; changes in regulatory requirements or decisions of regulatory authorities; the size and growth potential of the markets for our products; the results of clinical trials, our ability to protect our intellectual property rights and other risks, uncertainties and assumptions, including those described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission. These forward–looking statements speak only as of the date of this press release and ZIVO undertakes no obligation to revise or update any forward–looking statements for any reason, even if new information becomes available in the future.

Contacts:

ZIVO Bioscience

Keith Marchiando, Chief Financial Officer
(248) 452-9866 x130
[email protected]

LHA Investor Relations

Tirth T. Patel
(212) 201-6614
[email protected]



Sight Sciences Announces New, Large-Scale MIGS Data from 41st Congress of ESCRS Demonstrating TCOR™ Using OMNI® Surgical System Technology is Effective at Lowering Both IOP and IOP Reducing Medications at 2 Years in Patients with Glaucoma

Efficacy of the Three Most Commonly Used MIGS Technologies plus Cataract Surgery and Cataract Surgery Alone Were Evaluated and Compared in over 100,000 Glaucoma Patient Eyes

MENLO PARK, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) — Sight Sciences, Inc. (Nasdaq: SGHT) (“Sight Sciences”), an eyecare technology company focused on developing and commercializing innovative technology intended to transform care and improve patients’ lives, today announced the results of the large scale, comparative real-world clinical outcomes study of patients treated by three leading minimally invasive glaucoma surgery (“MIGS”) technologies, which were recently presented at the 41st Congress of the European Society of Cataract and Refractive Surgeons (“ESCRS”) in Vienna, Austria.

Using the American Academy of Ophthalmology (“Academy”) IRIS® Registry (“Intelligent Research in Sight”), the largest specialty society clinical data registry in all of medicine and the first comprehensive eye disease clinical registry in the United States, this large-scale MIGS study evaluated long-term 2-year post-surgical outcomes among patients with glaucoma treated with the three most commonly used FDA approved/cleared ab interno MIGS devices in the U.S. (OMNI Surgical System, Hydrus® Microstent, and iStent inject®) combined with cataract surgery, as well as for cataract surgery alone.

Trabeculocanalicular Outflow Restoration (“TCOR”) powered by OMNI Surgical System technology describes a unique implant-free, ab interno procedure that comprehensively addresses the three primary points of outflow resistance. OMNI technology has been cleared by the FDA for canaloplasty followed by trabeculotomy to reduce intraocular pressure in adult patients with primary open-angle glaucoma.

Baseline Patient Characteristics:

  • The entire study cohort consisted of 77,391 glaucoma patients and 109,745 glaucomatous eyes
  • 6,632 patients and 9,000 eyes received a MIGS procedure in combination with cataract surgery and the remainder received cataract surgery alone
  • The full study patient population was homogenous. Each cohort at baseline had a similar mean intraocular pressure (“IOP”) and a similar mean number of IOP-lowering medications (see table below)
  • The primary treatment goal for the high baseline IOP group was IOP reduction, with a secondary goal to reduce medication burden. The primary treatment goal for the low baseline IOP group was to reduce medication burden
Baseline

Group 1 Pre-op

(> 18mmHg IOP Stratification)

Group 2 Pre-op

(≤ 18mmHg IOP Stratification)

  Mean IOP
(mmHg)
Number of
IOP-Lowering Medications
Mean IOP (mmHg) Number of
IOP-Lowering Medications
TCOR using OMNI Surgical System 22.5 1.95 14.1 2.01
Hydrus Microstent 22.5 1.89 14.2 1.89
iStent inject 22.2 1.58 14.4 1.58
Cataract-Surgery Alone 22.8 1.60 14.5 1.62



Clinical Outcomes:

  • At 24 months, high baseline IOP (>18 mmHg) patients who received the TCOR procedure using OMNI technology had:
    • the greatest numerical reduction in IOP, and
    • the greatest numerical reduction in medication use
  • At 24 months, low baseline IOP (≤18 mmHg) patients who received the TCOR procedure using OMNI technology had:
    • the greatest numerical reduction in IOP, and
    • a statistically significant greater mean medication reduction compared to all other treatment groups at 24 months
  • Link to full presentation: https://ssi.onl/3PXM0He

Post Treatment

Group 1 > 18mmHg IOP

Clinical Outcomes @ 24 Mo

Group 2 ≤ 18mmHg IOP

Clinical Outcomes @ 24 Mo

  Mean Reduction in IOP(mmHg) Mean Medication Reduction Mean Reduction in IOP(mmHg) Mean Medication Reduction
TCOR using OMNI Surgical System -6.64 -1.34 -0.47 -1.42
Hydrus Microstent -5.71 -1.2 +0.03 -1.18
iStent inject -4.96 -0.86 -0.17 -0.95
Cataract-Surgery Alone -5.55 -0.67 -0.07 -0.65


“Given the global patient compliance challenges and eventual limitations inherent in topical IOP-lowering medications, the long-term reduction in both IOP and medication usage for mild, moderate, and severe glaucoma patients with the TCOR procedure using OMNI Surgical System technology is significant,” stated Dr. Andrew Tatham, consultant ophthalmic surgeon at Princess Alexandra Eye Pavilion, Edinburgh, Honorary Senior Lecturer at University of Edinburgh, and NHS Scotland Career Research Fellow. “Glaucoma is an around-the-clock disease. The value of TCOR is that it offers sustained IOP-control. This analysis shows meaningful differences in the clinical outcomes for the most commonly used minimally invasive glaucoma surgeries in the real-world setting on a large scale.”

“Many industry stakeholders have asked us how OMNI compares to other MIGS technologies in the real-world. To better understand the clinical value proposition of the most commonly used MIGS technologies, we collaborated with Verana Health® to leverage the IRIS Registry to create what we believe is the most comprehensive MIGS dataset ever assembled. Independent data from the IRIS Registry is valuable and we believe it will inform surgeons’ decision-making when considering the best treatment option for their glaucoma patients. We look forward to sharing this analysis and educating Medicare and healthcare insurers about the TCOR comprehensive MIGS procedure enabled by OMNI technology. Consistent with our many prior published peer-reviewed studies, the TCOR procedure delivers clinically meaningful and durable reductions in both intraocular pressure and medication use,” said Paul Badawi, co-founder and CEO of Sight Sciences.

“Our mission at Sight Sciences is to elevate the standard of care for patients by furnishing eye doctors with the best technology to improve patient outcomes. We believe that our two core technologies, OMNI and TearCare, clearly elevate the standard of care for the millions of patients suffering from glaucoma and dry eye disease,” continued Mr. Badawi. “I’d like to thank our dedicated employees for steadfastly delivering on our patient-centric mission as we help advance new treatment paradigms in glaucoma and dry eye disease. I’d also like to thank the team at Verana Health for partnering with the Academy to make the critical, real-world, large-scale, clinical outcome information in the IRIS Registry available for all stakeholders, including eyecare providers, industry, and researchers.”

About Sight Sciences

Sight Sciences is an eyecare technology company focused on developing and commercializing innovative solutions to transform care and improve patients’ lives. Using minimally invasive or non-invasive approaches to target the underlying causes of the world’s most prevalent eye diseases, Sight Sciences seeks to create more effective treatment paradigms that enhance patient care and supplant conventional, outdated approaches. The Company’s OMNI® Surgical System is a MIGS technology indicated to reduce intraocular pressure in adult patients with primary open-angle glaucoma (“POAG”), the world’s leading cause of irreversible blindness. The Company’s TearCare® System technology is 510(k) cleared for the application of localized heat therapy in adult patients with evaporative dry eye disease due to meibomian gland dysfunction (“MGD”) when used in conjunction with manual expression of the meibomian glands, enabling office-based clearance of gland obstructions by physicians to address the leading cause of dry eye disease. The Company’s SION® Surgical Instrument is a manually operated device used in ophthalmic surgical procedures to excise trabecular meshwork.

For more information, visit www.sightsciences.com.

OMNI, TearCare, and SION are registered trademarks of Sight Sciences, Inc.
TCOR is a trademark of Sight Sciences, Inc.
Hydrus is a registered trademark of Alcon Vision LLC.
iStent inject is a registered trademark of Glaukos Corporation.
IRIS is a registered trademark of the American Academy of Ophthalmology.
Verana Health is a registered trademark of Verana Health.
© 2023 Sight Sciences. All rights reserved.

About Verana Health

Verana Health® (Verana) is revolutionizing patient care and clinical research by unlocking the potential of real-world data. Verana has an exclusive real-world data network of 90 million de-identified patients from more than 20,000 clinicians, stemming from its exclusive data partnerships with three leading medical societies. Verana harnesses deep expertise, secure advanced technology, and direct access to exclusive, near real-time data sources to deliver actionable quality insights that help companies make sense of the data. For more information, visit www.veranahealth.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements herein include, without limitation, statements concerning the perceived benefits of the IRIS Registry analysis in informing future conversations and decision-making when considering treatment options for glaucoma patients, and; the intent to share the IRIS Registry analysis with Medicare and healthcare insurers and to educate them about the TCOR comprehensive MIGS procedure enabled by OMNI technology. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although management believes these forward-looking statements are based upon reasonable assumptions at the time they are made, management cannot guarantee their accuracy or completeness. Forward-looking statements are subject to and involve risks, uncertainties and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance, or achievements predicted, assumed or implied by such forward-looking statements. Some of the risks and uncertainties that may cause actual results to materially differ from those expressed or implied by these forward-looking statements are discussed under the caption “Risk Factors” in the Company’s filings with the SEC, as may be updated from time to time in subsequent filings. These cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this press release. Sight Sciences undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor contact:

Philip Taylor
Gilmartin Group
415.937.5406
[email protected] 



It’s Time to Split the Atom – Turtle Beach’s Distinctive Two-Piece Atom Controller Is Now Available for Gamers on iPhone

It’s Time to Split the Atom – Turtle Beach’s Distinctive Two-Piece Atom Controller Is Now Available for Gamers on iPhone

WHITE PLAINS, N.Y.–(BUSINESS WIRE)–
Best-selling gaming headset and leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR) today announced their acclaimed Turtle Beach® Atom™ Mobile Game Controller is now available for gamers on iPhone. The Atom Controller is the brand’s compact and portable mobile gaming controller with a unique design. The Atom’s two ergonomic grip modules fit every Apple iPhone 14, 13, 12 & 11 model, and adjustable spring-loaded clamps ensure there is no need to remove phone cases. The two Atom modules stay connected wirelessly using Turtle Beach’s proprietary 2.4GHz link to perform as a single unit when gaming, while low-latency Bluetooth® guarantees a lag-free connection with any smartphone when cloud gaming on Apple Arcade, Xbox Game Pass, GeForce Now, Steam Link, and more. When it’s time to stow-and-go, the two Atom modules magnetically combine to effortlessly fit in a pocket or in its included carrying case. Popular Mac fan site Cult of Mac recently reviewed the Atom Controller for iOS and gave it a 4.5/5 score, saying, “Don’t struggle with on-screen controls when gaming on your iPhone. The Turtle Beach Atom Controller is the way to go.” The Atom Controller for iOS comes in a Cobalt Blue colorway and is available today at www.turtlebeach.com and participating retailers worldwide for $79.95 MSRP.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003673931/en/

Turtle Beach's Distinctive Two-Piece Atom Controller is Now Available for Gamers on iPhone (Photo: Business Wire)

Turtle Beach’s Distinctive Two-Piece Atom Controller is Now Available for Gamers on iPhone (Photo: Business Wire)

“Our Atom Controller for iOS ensures mobile gamers on iPhone can enjoy their favorite games while using console-style controls they’re used to,” said Cris Keirn, Interim CEO and SVP of Global Sales, Turtle Beach Corporation. “We’re very proud of what we’ve accomplished with the Atom Controller because its magnetic two-piece design brings something truly unique to the mobile controllers space. It’s an exciting addition to our growing, award-winning controller lineup.”

The Atom Controller brings the familiar console-style controller feel to mobile gamers, with ergonomic handles that keep hands relaxed and comfortable during those hours-long gaming sessions. The Atom Controller comes equipped with full-size thumb sticks, a D-Pad, bumpers, triggers, and ABXY buttons, plus view and menu buttons for precise responsive controls on any cloud streaming title. The Atom Controller’s integrated clamps and included rubber pods fit all iPhone 11 models and newer and will fit most iPhones in form-fitting slim cases as well.

The Atom Controller charges up in just over two hours using the included USB-C cable, and each of the Atom’s two modules is powered by a dedicated battery to deliver a reliable 20-hours total battery life on a single charge. The AtomController companion app for iOS and Android lets gamers configure additional features, monitor battery life, install future firmware updates, and search for new compatible games.

For more information on the latest Turtle Beach controllers, gaming headsets, simulation products, and other gaming accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on TikTok, Twitter, Instagram, Facebook and YouTube.

About Turtle Beach Corporation

Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach’s ROCCAT brand (www.ROCCAT.com) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products, including award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to inflationary pressures, logistic and supply chain challenges, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

North America

Eric Nielsen

Step 3 Public Relations

202.276.5357

[email protected]

MacLean Marshall

Sr. Director, Public Relations & Brand Communications

Turtle Beach Corporation

858.914.5093

[email protected]

Investor Information:

Cody Slach or Alex Thompson

Gateway Investor Relations

949.574.3860

[email protected]

International

Keith Hennessey

Sr. Director, Communications & Partnerships – International

Turtle Beach

+44 (0) 1256 678350

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Men Online Entertainment Mobile Entertainment Internet Hardware Consumer Electronics Consumer Technology Teens Audio/Video Women Electronic Games

MEDIA:

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Turtle Beach’s Distinctive Two-Piece Atom Controller is Now Available for Gamers on iPhone (Photo: Business Wire)

Gilead to Present Latest Innovative Virology Data on Current and Potentially Transformative Therapies Across HIV and COVID-19 at IDWeek 2023

Gilead to Present Latest Innovative Virology Data on Current and Potentially Transformative Therapies Across HIV and COVID-19 at IDWeek 2023

– Latest HIV Treatment Research Reinforces Biktarvy Efficacy Data in a Broad Range of People with HIV and Highlights the Potential Impact of Twice-Yearly Lenacapavir on the Future of HIV Clinical Care –

– Data Reinforces Veklury’s Strong Safety Profile and Continued In Vitro Activity Against New Variants –

– Studies Evaluate Utility of Obeldesivir as a Potential Treatment for COVID-19 –

FOSTER CITY, Calif.–(BUSINESS WIRE)–
Gilead Sciences, Inc. (Nasdaq: GILD) today announced new data from its virology research and development programs that will be presented at IDWeek 2023, October 11-15 in Boston. These latest data demonstrate the company’s ongoing efforts to address the unmet medical needs of people and communities affected by HIV and COVID-19. Gilead will be presenting 16 abstracts, including real-world evidence, as the company continues to pursue the next wave of scientific discovery in virology.

“Gilead is committed to advancing transformational innovation in virology research and development that aims to help address unmet needs,” said Frank Duff, MD, Senior Vice President, Therapeutic Area Head Virology Clinical Development, Gilead Sciences. “At IDWeek 2023, we look forward to sharing our latest data with the broader community and discussing potential implications for the treatment of COVID-19 among some of the most vulnerable populations. In HIV we are pleased to share the latest data from long-term treatment studies, and new data that can help inform strategies to meet the needs of a range of people affected by HIV.”

HIV Research

At IDWeek 2023, the latest outcomes from Gilead’s HIV treatment and prevention programs will demonstrate how the company is working to advance transformational innovation in HIV research to meet the changing needs of people affected by HIV worldwide.

Research studies evaluating Biktarvy® (bictegravir 50 mg/emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, B/F/TAF) for HIV treatment include long-term real-world efficacy and safety data from the ongoing observational BICSTaR study, which involves a diverse range of people with HIV. Additional results include two retrospective observational studies that investigate the efficacy and safety of Biktarvy in adults with HIV who have suboptimal adherence to daily oral antiretroviral therapy and in people living with the virus who have pre-existing drug resistance.

Gilead will also present outcomes from multiple studies evaluating lenacapavir, Gilead’s first-in-class, long-acting HIV-1 capsid inhibitor. This includes two-year results from CAPELLA, an ongoing Phase 2/3 registrational study designed to evaluate the antiviral activity and safety of twice-yearly lenacapavir administered as a subcutaneous injection in adults with multi-drug resistant HIV who are heavily treatment-experienced. Additionally, research will be presented on the evaluation of alternative subcutaneous administration sites for lenacapavir.

HIV prevention data include results from a study investigating the real-world impacts of pre-exposure prophylaxis (PrEP) access and dispensing status on likelihood of acquiring HIV, as well as a study on the increase in new HIV cases among people who could benefit from PrEP during the COVID-19 pandemic.

COVID-19 Research

At IDWeek 2023, Gilead will present data that reinforces the ongoing role Veklury® (remdesivir) plays as the antiviral standard of care for the treatment of hospitalized patients with COVID-19. One in vitro analysis will demonstrate the continued antiviral activity of Veklury against recent SARS-CoV-2 Omicron subvariants. Separate studies will examine the safety of Veklury across vulnerable populations including a study on the safety profile of Veklury and its impact on the liver across phase 3 placebo-controlled COVID-19 studies, as well as a study that included resistance analyses in patients with severely reduced kidney function who were hospitalized for COVID-19.

As part of the company’s ongoing commitment to COVID-19 and the unmet needs of patients, Gilead will present a study analyzing the potential for drug-drug interactions (DDIs) with the investigational oral antiviral obeldesivir, as well as an in vitro analysis examining obeldesivir’s antiviral activity against recent Omicron subvariants, including BF.7, BQ.1, XBB.1.5, CH.1.1, and XBF.

Summary of Presentations

Key abstracts will include:

HIV Treatment Research

Poster 1611

Real-World Effectiveness and Tolerability of Bictegravir/Emtricitabine/Tenofovir Alafenamide (B/F/TAF) in Treatment-Experienced People with HIV and a History of Antiretroviral Drug Resistance Mutations

Poster 1561

Efficacy of Bictegravir/Emtricitabine/Tenofovir Alafenamide (B/F/TAF) Versus Dolutegravir (DTG)‑Based 3-Drug Regimens in Adults with HIV Who Have Suboptimal Antiretroviral Adherence

Poster 1569

Antiretroviral Treatment (ART) Packaging Preferences and Their Impact on Adherence Among People with HIV (PWH): Findings from a Best-Worst Scaling Survey

Poster 1596

Efficacy and Safety of Long-Acting Subcutaneous Lenacapavir in Heavily Treatment-Experienced People with Multi-Drug Resistant HIV: Week 104 Results

Poster 1542

Impact of Subcutaneous Administration Sites on the Clinical Pharmacokinetics of Lenacapavir, a Long-Acting HIV Capsid Inhibitor: Does Body Site Matter?

Poster 1581

Weight and Metabolic Changes with Long-Acting Lenacapavir in a Combination Regimen in Treatment-Naïve People with HIV-1 at Week 80

HIV Prevention Research

Poster 1557

The Real-World Impact of Pre-exposure Prophylaxis (PrEP) Prescription Uptake and Dispensing Status on HIV Infection Risk in the US

Poster 1556

Increase in New HIV Diagnoses Following Decrease in Use of Pre-exposure Prophylaxis (PrEP) during the COVID-19 Pandemic

COVID-19 Research

Poster Presentation 120

Resistance Analyses from the Remdesivir Phase 3 REDPINE Study in Participants with Severely Reduced Kidney Function Who Were Hospitalized for COVID-19​

Poster 545

Remdesivir and Obeldesivir Retain Potent Activity Against SARS-COV-2 Omicron Variants

Poster 524

Hepatic Safety of Remdesivir Across Phase 3 Placebo-controlled COVID-19 Studies​

Poster 538

Clinical Evaluation of Drug-Drug Interactions with Remdesivir​

Poster 403

Demographics, Characteristics and Health Outcomes of US Individuals Diagnosed With COVID-19 in the Outpatient Setting​

Poster 539

Efficacy in Multiple SARS-CoV-2 Animal Models Supports Phase 3 Dose Selection for Obeldesivir

Poster 1343

Drug Education Needs of HCPs and Patients During the COVID-19 Pandemic Based on Over 60,000 Unsolicited Medical Information Requests Globally Over 3 Years (2020-2022)​

Poster 505

Drug-Drug Interaction Profiling of Obeldesivir, A Promising Oral Treatment for COVID-19

For more information about Gilead at IDWeek 2023, including a complete list of abstracts and their corresponding oral and poster sessions, please visit https://idweek.org/program/.

The use of Biktarvy in patients with known drug resistance and obeldesivir for any use are investigational and have not been determined to be safe or efficacious and is not approved by the FDA.

Please see below for the U.S. Indication and Important Safety Information for Sunlenca® and Veklury. Please also see below for U.S. Indication and Important Safety Information, including Boxed Warning, for Biktarvy. There is currently no cure for HIV or AIDS.

About Biktarvy

Biktarvy is a complete HIV treatment that combines three powerful medicines to form the smallest 3-drug, integrase strand transfer inhibitor (INSTI)-based single-tablet regimen (STR) available, offering simple once-daily dosing with or without food, with a limited drug interaction potential and a high barrier to resistance. Biktarvy combines the novel, unboosted INSTI bictegravir, with the Descovy® (emtricitabine 200 mg/tenofovir alafenamide 25 mg tablets, F/TAF) backbone. Biktarvy is a complete STR and should not be taken with other HIV medicines.

About Sunlenca

Sunlenca (300 mg tablet and 463.5 mg/1.5 mL injection) [(lenacapavir)] is a first-in-class, long-acting HIV capsid inhibitor approved in Australia, Canada, the European Union, Israel, Japan, Switzerland, the United Arab Emirates, the United Kingdom, and the United States for the treatment of HIV-1 infection, in combination with other antiretroviral(s), in adults with multi-drug resistant HIV who are heavily treatment-experienced. Sunlenca is the only HIV treatment option administered twice-yearly. Sunlenca tablets are approved for oral loading during initiation of Sunlenca treatment, prior to or at the time of the first long-acting lenacapavir injection depending on initiation option. Sunlenca is a nominee from the USA for the Prix Galien Award in the “Best Pharmaceutical Product” category. The Galien Foundation is widely recognized as the leading global institution dedicated to honoring innovators in life sciences, and the Prix Galien Award is highly prestigious. The award will be selected by a distinguished panel of judges and announced during the Prix Galien USA Awards Ceremony on October 26, 2023.

The multi-stage mechanism of action of Sunlenca’s active pharmaceutical agent, lenacapavir, is distinguishable from other currently approved classes of antiviral agents. While most antivirals act on just one stage of viral replication, Sunlenca is designed to inhibit HIV at multiple stages of its lifecycle and has no known cross resistance exhibited in vitro to other existing drug classes.

Lenacapavir is being evaluated as a long-acting option in multiple ongoing and planned early and late-stage clinical studies in Gilead’s HIV prevention and treatment research program. Lenacapavir for HIV prevention is investigational, and its safety and efficacy for this use have not been established. Lenacapavir is being developed as a foundation for potential future HIV therapies with the goal of offering both long-acting oral and injectable options with several dosing frequencies, in combination or as a mono agent, that help address individual needs and preferences of people and communities affected by HIV.

About Gilead’s COVID-19 Development Program

Veklury (remdesivir) is a nucleotide analog prodrug invented and developed by Gilead, building on more than a decade of the company’s research on broad-spectrum antivirals for emerging viruses. Veklury is the antiviral standard of care for the treatment of hospitalized patients with COVID-19 and is also recommended for the treatment of non-hospitalized patients at high risk of disease progression. Veklury has an established safety profile and minimal known drug interactions in diverse populations. It plays an important role in enabling faster recovery and reducing disease progression across a spectrum of disease severity.

Veklury directly inhibits viral replication inside of the cell by targeting the SARS-CoV-2 viral RNA polymerase. Based on in vitro analyses, Veklury retains antiviral activity against recent Omicron subvariants of concern, including XBB, XBB.1.5 and CH.1.1. Veklury continues to be evaluated against emerging variants of interest and concern, including EG.5, EG.5.1 and BA.2.86.

Veklury is approved in more than 50 countries worldwide. To date, Veklury and generic remdesivir have been made available to more than 13 million patients around the world, including more than 8 million people in middle- and low-income countries through Gilead’s voluntary licensing program.

With most people being treated for COVID-19 outside the hospital, Gilead is working to address the need for additional effective oral antiviral treatments that can be easily taken by the broadest range of patients. Obeldesivir is an investigational oral pill that is designed to stop the replication of the SARS-CoV-2 virus by inhibiting the SARS-CoV-2 RNA-dependent RNA polymerase (RdRp), a critical component that the virus uses to replicate.

Obeldesivir is a GS-441524 prodrug, which is currently being evaluated in Phase 3 trials as a single tablet, with twice daily dosing for 5 days.

U.S. Indication for Biktarvy

Biktarvy is indicated as a complete regimen for the treatment of human immunodeficiency virus type 1 (HIV-1) infection in adults and pediatric patients weighing at least 14 kg who have no antiretroviral treatment history or to replace the current antiretroviral regimen in those who are virologically-suppressed (HIV-1 RNA less than 50 copies per mL) on a stable antiretroviral regimen with no history of treatment failure and no known substitutions associated with resistance to the individual components of Biktarvy.

U.S. Important Safety Information for Biktarvy

BOXED WARNING: POST TREATMENT ACUTE EXACERBATION OF HEPATITIS B

  • Severe acute exacerbations of hepatitis B have been reported in patients who are coinfected with HIV-1 and HBV and have discontinued products containing emtricitabine (FTC) and/or tenofovir disoproxil fumarate (TDF), and may occur with discontinuation of BIKTARVY. Closely monitor hepatic function with both clinical and laboratory follow-up for at least several months in patients who are coinfected with HIV-1 and HBV and discontinue BIKTARVY. If appropriate, anti-hepatitis B therapy may be warranted.

Contraindications

  • Coadministration: Do not use BIKTARVY with dofetilide or rifampin.

Warnings and precautions

  • Drug interactions: See Contraindications and Drug Interactions sections. Consider the potential for drug interactions prior to and during BIKTARVY therapy and monitor for adverse reactions.
  • Immune reconstitution syndrome, including the occurrence of autoimmune disorders with variable time to onset, has been reported.
  • New onset or worsening renal impairment: Postmarketing cases of renal impairment, including acute renal failure, proximal renal tubulopathy (PRT), and Fanconi syndrome have been reported with tenofovir alafenamide (TAF)–containing products. Do not initiate BIKTARVY in patients with estimated creatinine clearance (CrCl) <30 mL/min except in virologically suppressed adults <15 mL/min who are receiving chronic hemodialysis. Patients with impaired renal function and/or taking nephrotoxic agents (including NSAIDs) are at increased risk of renal-related adverse reactions. Discontinue BIKTARVY in patients who develop clinically significant decreases in renal function or evidence of Fanconi syndrome.

    Renal monitoring: Prior to or when initiating BIKTARVY and during therapy, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients as clinically appropriate. In patients with chronic kidney disease, assess serum phosphorus.

  • Lactic acidosis and severe hepatomegaly with steatosis: Fatal cases have been reported with the use of nucleoside analogs, including FTC and TDF. Discontinue BIKTARVY if clinical or laboratory findings suggestive of lactic acidosis or pronounced hepatotoxicity develop, including hepatomegaly and steatosis in the absence of marked transaminase elevations.

Adverse reactions

  • Most common adverse reactions (incidence ≥5%; all grades) in clinical studies through week 144 were diarrhea (6%), nausea (6%), and headache (5%).

Drug interactions

  • Prescribing information: Consult the full prescribing information for BIKTARVY for more information on Contraindications, Warnings, and potentially significant drug interactions, including clinical comments.
  • Enzymes/transporters: Drugs that induce P-gp or induce both CYP3A and UGT1A1 can substantially decrease the concentration of components of BIKTARVY. Drugs that inhibit P-gp, BCRP, or inhibit both CYP3A and UGT1A1 may significantly increase the concentrations of components of BIKTARVY. BIKTARVY can increase the concentration of drugs that are substrates of OCT2 or MATE1.
  • Drugs affecting renal function: Coadministration of BIKTARVY with drugs that reduce renal function or compete for active tubular secretion may increase concentrations of FTC and tenofovir and the risk of adverse reactions.

Dosage and administration

  • Dosage: Adult and pediatric patients weighing ≥25 kg: 1 tablet containing 50 mg bictegravir (BIC), 200 mg emtricitabine (FTC), and 25 mg tenofovir alafenamide (TAF) taken once daily with or without food. Pediatric patients weighing ≥14 kg to <25 kg: 1 tablet containing 30 mg BIC, 120 mg FTC, and 15 mg TAF taken once daily with or without food. For children unable to swallow a whole tablet, the tablet can be split and each part taken separately as long as all parts are ingested within approximately 10 minutes.
  • Renal impairment: For patients weighing ≥25 kg, not recommended in patients with CrCl 15 to <30 mL/min, or <15 mL/min who are not receiving chronic hemodialysis, or <15 mL/min who are receiving chronic hemodialysis and have no antiretroviral treatment history. For patients weighing ≥14 kg to <25 kg, not recommended in patients with CrCl <30 mL/min.
  • Hepatic impairment: Not recommended in patients with severe hepatic impairment.
  • Prior to or when initiating: Test patients for HBV infection.
  • Prior to or when initiating, and during treatment: As clinically appropriate, assess serum creatinine, CrCl, urine glucose, and urine protein in all patients. In patients with chronic kidney disease, assess serum phosphorus.

Pregnancy and lactation

  • Pregnancy: There is insufficient human data on the use of BIKTARVY during pregnancy. Dolutegravir, another integrase inhibitor, has been associated with neural tube defects. Discuss the benefit-risk of using BIKTARVY during pregnancy and conception. An Antiretroviral Pregnancy Registry (APR) has been established. Available data from the APR for FTC shows no difference in the rates of birth defects compared with a US reference population.
  • Lactation: Women infected with HIV-1 should be instructed not to breastfeed, due to the potential for HIV-1 transmission.

U.S. Indication for Sunlenca

Sunlenca, a human immunodeficiency virus type 1 (HIV-1) capsid inhibitor, in combination with other antiretroviral(s), is indicated for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug resistant HIV-1 infection failing their current antiretroviral regimen due to resistance, intolerance, or safety considerations.

U.S. Important Safety Information for Sunlenca

Contraindications

  • Coadministration: Concomitant administration of Sunlenca is contraindicated with strong CYP3A inducers.

Warnings and precautions

  • Immune reconstitution syndrome, including the occurrence of autoimmune disorders with variable time to onset, has been reported in patients treated with combination antiretroviral (ARV) therapy.
  • Long-acting properties and potential associated risks with Sunlenca: Residual concentrations of Sunlenca may remain in the systemic circulation of patients for up to 12 months or longer. Sunlenca may increase exposure, and potential risk of adverse reactions, to drugs primarily metabolized by CYP3A initiated within 9 months after last injection. Counsel patients regarding the dosing schedule because nonadherence could lead to loss of virologic response and development of resistance. If virologic failure occurs, switch to an alternative regimen if possible. If discontinuing Sunlenca, begin alternate suppressive ARV regimen within 28 weeks from last injection.
  • Injection site reactions may occur, and nodules and indurations may be persistent.

Adverse reactions

  • Most common adverse reactions (incidence ≥3%, all grades) are injection site reactions (65%) and nausea (4%).

Drug interactions

  • Prescribing information: Consult the full prescribing information for Sunlenca for more information on Contraindications, Warnings, and potentially significant drug interactions, including clinical comments.
  • Enzymes/transporters: Drugs that are strong or moderate inducers of CYP3A may significantly decrease the concentration of Sunlenca. Drugs that strongly inhibit CYP3A, P-gp, and UGT1A1 together may significantly increase the concentration of Sunlenca. Sunlenca may increase the exposure of drugs primarily metabolized by CYP3A, when initiated within 9 months after the last injection of Sunlenca, which may increase the potential risk of adverse reactions.

Dosage and administration

  • Dosage: Initiation with 1 of 2 options, followed by maintenance dosing once every 6 months. Tablets may be taken with or without food.
    • Initiation Option 1: Day 1: 927 mg by subcutaneous injection and 600 mg orally (2 x 300-mg tablets). Day 2: 600 mg orally (2 x 300-mg tablets).
    • Initiation Option 2: Day 1: 600 mg orally (2 x 300-mg tablets). Day 2: 600 mg orally (2 x 300-mg tablets). Day 8: 300 mg orally (1 x 300-mg tablet). Day 15: 927 mg by subcutaneous injection.
    • Maintenance: 927 mg by subcutaneous injection every 26 weeks +/- 2 weeks from date of last injection.
  • Missed Dose: During the maintenance period, if more than 28 weeks have elapsed since the last injection and if clinically appropriate to continue Sunlenca treatment, restart the initiation dosage regimen from Day 1, Option 1 or Option 2.

Pregnancy and lactation

  • Pregnancy: There is insufficient human data on the use of Sunlenca during pregnancy. An Antiretroviral Pregnancy Registry (APR) has been established.
  • Lactation: Individuals infected with HIV-1 should be instructed not to breastfeed, due to the potential for HIV-1 transmission.

U.S. Indication for Veklury

Veklury (remdesivir 100 mg for injection) is indicated for the treatment of COVID-19 in adults and pediatric patients (≥28 days old and weighing ≥3 kg) who are:

  • Hospitalized, or

  • Not hospitalized and have mild-to-moderate COVID-19 and are at high risk for progression to severe COVID-19, including hospitalization or death.

U.S. Important Safety Information for Veklury

Contraindication

Veklury is contraindicated in patients with a history of clinically significant hypersensitivity reactions to Veklury or any of its components.

Warnings and precautions

  • Hypersensitivity, including infusion-related and anaphylactic reactions: Hypersensitivity, including infusion-related and anaphylactic reactions, has been observed during and following administration of Veklury; most occurred within one hour. Monitor patients during infusion and observe for at least one hour after infusion is complete for signs and symptoms of hypersensitivity as clinically appropriate. Symptoms may include hypotension, hypertension, tachycardia, bradycardia, hypoxia, fever, dyspnea, wheezing, angioedema, rash, nausea, diaphoresis, and shivering. Slower infusion rates (maximum infusion time up to 120 minutes) can potentially prevent these reactions. If a severe infusion-related hypersensitivity reaction occurs, immediately discontinue Veklury and initiate appropriate treatment (see Contraindications).

  • Increased risk of transaminase elevations: Transaminase elevations have been observed in healthy volunteers and in patients with COVID-19 who received Veklury; these elevations have also been reported as a clinical feature of COVID-19. Perform hepatic laboratory testing in all patients (see Dosage and administration). Consider discontinuing Veklury if ALT levels increase to >10x ULN. Discontinue Veklury if ALT elevation is accompanied by signs or symptoms of liver inflammation.

  • Risk of reduced antiviral activity when coadministered with chloroquine or hydroxychloroquine: Coadministration of Veklury with chloroquine phosphate or hydroxychloroquine sulfate is not recommended based on data from cell culture experiments, demonstrating potential antagonism, which may lead to a decrease in antiviral activity of Veklury.

Adverse reactions

  • The most common adverse reaction (≥5% all grades) was nausea.

  • The most common lab abnormalities (≥5% all grades) were increases in ALT and AST.

Drug interactions

  • Drug interaction trials of Veklury and other concomitant medications have not been conducted in humans.

Dosage and administration

  • Administration should take place under conditions where management of severe hypersensitivity reactions, such as anaphylaxis, is possible.

  • Treatment duration:

    • For patients who are hospitalized, Veklury should be initiated as soon as possible after diagnosis of symptomatic COVID-19.

    • For patients who are hospitalized and do not require invasive mechanical ventilation and/or ECMO, the recommended treatment duration is 5 days. If a patient does not demonstrate clinical improvement, treatment may be extended up to 5 additional days, for a total treatment duration of up to 10 days.

    • For patients who are hospitalized and require invasive mechanical ventilation and/or ECMO, the recommended total treatment duration is 10 days.

    • For patients who are not hospitalized, diagnosed with mild-to-moderate COVID-19, and are at high risk for progression to severe COVID-19, including hospitalization or death, the recommended total treatment duration is 3 days. Veklury should be initiated as soon as possible after diagnosis of symptomatic COVID-19 and within 7 days of symptom onset for outpatient use.

    • Testing prior to and during treatment: Perform hepatic laboratory, and prothrombin time testing prior to initiating Veklury and during use as clinically appropriate.

    • Renal impairment: No dose adjustment of Veklury is recommended in patients with any degree of renal impairment, including patients on dialysis. Veklury may be administered without regard to the timing of dialysis.

Pregnancy and lactation

  • Pregnancy: A pregnancy registry has been established for Veklury. Available clinical trial data for Veklury in pregnant women have not identified a drug-associated risk of major birth defects, miscarriage, or adverse maternal or fetal outcomes following second- and third-trimester exposure. There are insufficient data to evaluate the risk of Veklury exposure during the first trimester. Maternal and fetal risks are associated with untreated COVID-19 in pregnancy.
  • Lactation: Veklury can pass into breast milk. The developmental and health benefits of breastfeeding should be considered along with the mother’s clinical need for Veklury and any potential adverse effects on the breastfed child from Veklury or from an underlying maternal condition. Breastfeeding individuals with COVID-19 should follow practices according to clinical guidelines to avoid exposing the infant to COVID-19.

About Gilead Sciences

Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

Gilead has a long history in virology and has pioneered inventions once thought impossible, including antiviral treatments for people and communities affected by some of the most challenging public health concerns including HIV, viral hepatitis and COVID-19.

Gilead helps people and communities across the full continuum of care in virology by developing bold advances that treat, prevent, cure and eradicate viral diseases and collaborating with community and research partners around the world. Gilead is deploying decades of antiviral expertise to provide solutions that help address the unmet and evolving needs of those impacted by viral diseases.

Our work in virology has helped to transform the global health landscape and we are committed to advancing person-centered science and actionable education programs that make a difference for people and communities affected by viral diseases.

Forward-Looking Statement

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including Gilead’s ability to effectively manage the supply and distribution of Veklury; Gilead’s ability to initiate, progress or complete clinical trials within currently anticipated timelines or at all, and the possibility of unfavorable results from ongoing or additional clinical trials, including those involving Biktarvy, Veklury, lenacapavir and obeldesivir; the possibility that Gilead may make a strategic decision to discontinue development of investigational treatments, including lenacapavir and those in its COVID-19 development program; uncertainties relating to regulatory applications and related filing and approval timelines; the risk that any regulatory approvals, if granted, may be subject to significant limitations on use; and any assumptions underlying any of the foregoing. These and other risks, uncertainties and factors are described in detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, as filed with the U.S. Securities and Exchange Commission. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The reader is cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and is cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.

U.S. Prescribing Information for Veklury, U.S. Prescribing Information for Sunlenca, and U.S. Prescribing Information for Biktarvy, including BOXED WARNING,are available at www.gilead.com.

Veklury, Sunlenca, Biktarvy, Gilead and the Gilead logo are registered trademarks of Gilead Sciences, Inc., or its related companies. All other trademarks are the property of their respective owner(s).

For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on Twitter (@Gilead Sciences) or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.

Jacquie Ross, Investors

[email protected]

Meaghan Smith, Media

[email protected]

KEYWORDS: United States North America California Massachusetts

INDUSTRY KEYWORDS: Biotechnology FDA AIDS Health Pharmaceutical Research Infectious Diseases Hospitals Science COVID-19 Clinical Trials

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Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend

Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend

Jobs index indicates the tight labor market for small businesses continues

ROCHESTER, N.Y.–(BUSINESS WIRE)–
According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%). The Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — shows 98.89 in September, a -0.21% change from August.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003561785/en/

According to the latest Paychex data, small businesses are adding workers at a sustained, modest rate. (Graphic: Business Wire)

According to the latest Paychex data, small businesses are adding workers at a sustained, modest rate. (Graphic: Business Wire)

“Wage inflation continues to cool, and the jobs index dips below 99 for September,” said James Diffley, chief regional economist, S&P Global Market Intelligence. “These indicators are not precursors of a recession but instead indicate a tighter supply of available workers.”

“Our data indicates a continued stable macroeconomic environment for small businesses, which are adding workers at a sustained but modest rate,” said John Gibson, Paychex president and CEO. “Small businesses, like those represented in our Employment Watch, are managing their organizations in a tight labor market that’s being driven by a lack of worker supply rather than a lack of hiring demand. Employers facing this challenge may find it helpful to turn to trusted business partners like Paychex to help advise and educate them on how to effectively attract and retain talent in this environment.”

In further detail, the September report shows:

  • As the post-pandemic surge has cooled, the rate of small business job growth has slowed in 16 of the last 19 months – from a record high 101.33 in February 2022 to 98.89 in September 2023. The current rate remains above the level seen just prior to the start of the pandemic.

  • In line with hourly earnings growth, weekly earnings growth has steadily decreased since early 2023, standing at 3.44% in September.

  • The West leads regional hourly earnings growth for the fourth-straight month and remains the only region above four percent (4.23%).

  • West Coast metros San Diego (4.96%), Seattle (4.79%), and Riverside (4.45%) lead top U.S. metros in hourly earnings growth in September.

  • North Carolina ranks first in small business employment growth among states with a slight uptick (0.07%) to 100.76 in September.

  • Houston (102.06) ranks first among states for the 11th consecutive month and is two points higher than the next strongest metro. Miami (100.20) and Chicago (100.06) rank second and third among the nation’s top 20 metros, respectively.

  • September marks the first month in more than two years that Leisure and Hospitality job growth (98.85) is slower than the national pace, but the sector continues to lead in hourly earnings growth (4.35%).

Paychex solutions reach 1 in 12 American private-sector employees, making the Small Business Employment Watch an industry benchmark. Drawing from the payroll data of approximately 350,000 Paychex clients with fewer than 50 employees, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity.

The complete results for September 2023, including interactive charts detailing all data, are available at www.paychex.com/watch. Highlights are available below.

September 2023 Paychex | IHS Markit

Small Business Employment Watch

National Jobs Index

  • The national small business jobs index slowed for the sixth consecutive month, falling 0.21% to 98.89 in September.

  • While still growing, the rate of small business job growth has slowed in 16 of the last 19 months, falling from the record high of 101.33 in February 2022 to 98.89 in September 2023.

National Wage Report

  • Hourly earnings growth slowed to 3.79% in September 2023 marking a two-year low (September 2021: 3.77%).

  • One-month annualized hourly earnings growth (2.94%) reached its lowest level since 2020.

  • At 3.44% in September, weekly earnings growth has steadily decreased since early 2023. Likewise, weekly hours worked continue to trend down year-over-year (-0.41%).

Regional Jobs Index

  • Despite slowing each month since February 2023, the South leads regional small business job growth for the 18th consecutive month.

  • At 98.39 in September, the Northeast continues to report the weakest small business employment growth among regions.

Regional Wage Report

  • At 4.23%, the West leads regional hourly earnings growth for the fourth straight month and remains the only region above four percent.

  • The Midwest ranks last among regions in both hourly earnings growth (3.75%) and weekly earnings growth (3.36%).

  • While all regions had a positive one-month annualized weekly hours worked growth rate in September, the Northeast was the strongest by a wide margin (3.20%).

State Jobs Index

  • North Carolina leads the pace of small business employment growth among states for 14 of the past 15 months, improving slightly (0.07%) to 100.76 in September.

  • At 98.47 and ranked 15th among states, Arizona’s jobs index has fallen more than two percent and ten spots during the past four months.

  • Ranked last among states in September 2022, Wisconsin gained 2.48% during the past year to 100.06 in September 2023, fourth among states.

Note: Analysis is provided for the 20 largest states based on U.S. population.

State Wage Report

  • Washington ranks first among states in hourly earnings growth (4.95%) but last in weekly hours worked growth (-1.14%) in September. Washington also has the second-highest hourly earnings ($36.31 per hour) and the lowest weekly hours worked (30.58 per week) among states.

  • Ranked last among states since May, hourly earnings growth in Indiana has quickly slowed during the past year, from 6.03% in September 2022 to 2.45% in September 2023.

Note: Analysis is provided for the 20 largest states based on U.S. population.

Metropolitan Jobs Index

  • Houston (102.06) ranks first among states for the 11th consecutive month and is two points higher than the next strongest state.

  • Besides Houston, Miami (100.20) and Chicago (100.06) are the only other metros above 100, though both slowed 0.62% in September.

  • Denver (97.15) remains the weakest metro index for the third consecutive month and is the only metro index below 98.

Note: Analysis is provided for the 20 largest metro areas based on U.S. population.

Metropolitan Wage Report

  • West Coast metros San Diego (4.96%), Seattle (4.79%), and Riverside (4.45%) lead metros in hourly earnings growth in September.

  • Atlanta (2.38%) and San Francisco (2.50%) are the only metros with an hourly earnings growth rate below three percent. They are also the only two metros with weekly earnings growth below two percent.

  • At 0.42%, Miami remains the only metro with positive weekly hours worked growth.

Note: Analysis is provided for the 20 largest metro areas based on U.S. population.

Industry Jobs Index

  • Following a modest uptick in August, the pace of job growth in Leisure and Hospitality continued its deceleration in September falling 0.46% to 98.85. This marks the first month in more than two years that Leisure and Hospitality job growth (98.85) is slower than the national pace (98.89).

  • Manufacturing fell 0.25% to 96.99 in September as the sector has been ranked last for the past 14 months.

  • Though all sectors slowed in September, Construction (-0.05%) moderated only slightly to 99.22. The sector has been very steady, averaging 99.03 in 2021, 99.14 in 2022, and 99.30 through three quarters of 2023.

Note: Analysis is provided for seven major industry sectors. Definitions of each industry sector can be found here. The Other Services (except public administration) industry category includes religious, civic, and social organizations, as well as personal services, including automotive and household repair, salons, drycleaners, and other businesses.

Industry Wage Report

  • Leisure and Hospitality leads sectors in hourly earnings growth (4.35%) despite consistent deceleration since 2022. The sector’s hourly earnings growth started 2022 at 10.95% and began 2023 at 6.59%.

  • Due to decreasing growth in both hourly earnings and weekly hours worked, weekly earnings growth in Leisure and Hospitality has dropped from 8.26% in February 2023 to 3.64% in September 2023.

  • Construction ranks second among sectors in hourly earnings growth (4.27%) and first in both weekly earnings growth (4.15%) and weekly hours worked growth (0.07%). Weekly hours worked growth in Construction has been positive for the past year and half.

Note: Analysis is provided for seven major industry sectors. Definitions of each industry sector can be found here. The Other Services (except public administration) industry category includes religious, civic, and social organizations, as well as personal services, including automotive and household repair, salons, drycleaners, and other businesses.

For more information about the Paychex | IHS Markit Small Business Employment Watch, visit www.paychex.com/watch and sign up to receive monthly Employment Watch alerts.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About the Paychex | IHS Markit Small Business Employment Watch

The Paychex | IHS Markit Small Business Employment Watch is released each month by Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small-to medium-sized businesses, and S&P Global Market Intelligence, a Division of S&P Global (NYSE: SPGI), which merged with IHS Markit in 2022 and is a provider of information services and solutions to global markets. Focused exclusively on small business, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful tool delivers real-time insights into the small business trends driving the U.S. economy.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves approximately 740,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit paychex.com and stay connected on Twitter and LinkedIn.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.

Media Contacts

Chris Muller

Paychex, Inc.

585-338-4346

[email protected]

@Paychex

Kate Smith

S&P Global Market Intelligence

+1 781-301-9311

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Insurance Human Resources Labor Finance Consulting Professional Services Public Policy/Government Small Business State/Local Other Professional Services

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According to the latest Paychex data, small businesses are adding workers at a sustained, modest rate. (Graphic: Business Wire)
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The Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — shows 98.89 in September, a -0.21% change from August. (Graphic: Business Wire)
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Hourly earnings growth among small businesses has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%). (Graphic: Business Wire)

OSI Systems Awarded 10-Year Contract for Cargo Turnkey Screening in Uruguay

OSI Systems Awarded 10-Year Contract for Cargo Turnkey Screening in Uruguay

HAWTHORNE, Calif.–(BUSINESS WIRE)–
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has entered into a 10-year contract to provide a turnkey screening solution to Uruguay’s Ministry of Economics and Finance for customs screening applications at ports and borders. The Company is expected to deploy and integrate EAGLE® T60 high-energy, trailer-mounted vehicle inspection systems, perform security screening and remote image analysis utilizing its proprietary CertScan® integration platform, and provide hands-on operator and management training and maintenance, service and support.

OSI Systems CEO Deepak Chopra commented, “We are excited to add another important customer to our roster of turnkey screening programs and cargo inspection infrastructure initiatives. Through this partnership, we are bringing our critical operational expertise and advanced technology security solutions to Uruguay, which are designed to provide efficiency for customs clearance processing at ports and borders. We are committed to assisting Uruguay emerge as a benchmark in regional customs operations with this initiative.”

The Company has turnkey border and port inspection programs in operation with multiple international customs, border, and port authorities. These turnkey inspection programs have proven highly successful, improving public safety and security and increasing the accuracy of customs declarations. Under these programs, the Company, through its S2 Global business, typically manages cargo scanning equipment, supervises inspection site construction and network design, and trains local staff to analyze data on the CertScan platform. This platform integrates images and data like cargo manifests, biometrics, container and vehicle numbers, and customs declarations.

About OSI Systems

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development

310-349-2237

[email protected]

KEYWORDS: California Uruguay United States South America North America

INDUSTRY KEYWORDS: Public Policy/Government Other Transport Trucking Rail Homeland Security Maritime Logistics/Supply Chain Management Transport

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