PREIT to Present at REITWeek® 2021: NAREIT’s Investor Forum

PR Newswire

PHILADELPHIA, June 3, 2021 /PRNewswire/ — PREIT (NYSE: PEI) today announced that Chairman of the Board and Chief Executive Officer Joseph F. Coradino will present at NAREIT’s REITWeek® 2021 virtual Investor Forum.

PREIT will present from 11:15 am to 11:45 am EDT on Thursday June 10, 2021. Registration to NAREIT’s REITWeek is complimentary and required to access the presentation live or on demand. Investors may register here: https://reit.cventevents.com/event/9ac7b1ee-9a29-4267-90e9-9084f918d0f0/summary

About PREIT

PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages distinctive real estate in high barrier-to-entry markets at the forefront of shaping consumer experiences through the built environment. PREIT’s robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in densely-populated, high barrier-to-entry markets with tremendous opportunity to create vibrant multi-use destinations. Additional information is available at www.preit.com or on Twitter or LinkedIn.

Forward Looking Statements

This press release contains certain forward-looking statements that can be identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “project,” “intend,” “may” or similar expressions. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. These forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks, uncertainties and changes in circumstances that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our other filings with the Securities and Exchange Commission. While we believe our assumptions are reasonable, we caution you against relying on any forward-looking statements as it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, our ability to achieve our forecasted revenue and pro forma leverage ratio and generate free cash flow to further reduce our indebtedness; our ability to manage our business through the impacts of the COVID-19 pandemic, a weakening of global economic and financial conditions, changes in governmental regulations and related compliance and litigation costs and the other factors listed in our SEC filings. Additionally, our business might be materially and adversely affected by changes in the retail and real estate industries, including consolidation and store closings, particularly among anchor tenants; current economic conditions, including the impact of the COVID-19 pandemic and the steps taken by governmental authorities and other third parties to reduce its spread, and the corresponding effects on tenant business performance, prospects, solvency and leasing decisions; our inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise; our ability to maintain and increase property occupancy, sales and rental rates; increases in operating costs that cannot be passed on to tenants; the effects of online shopping and other uses of technology on our retail tenants; risks related to our development and redevelopment activities, including delays, cost overruns and our inability to reach projected occupancy or rental rates; acts of violence at malls, including our properties, or at other similar spaces, and the potential effect on traffic and sales; our ability to sell properties that we seek to dispose of or our ability to obtain prices we seek; our substantial debt and the liquidation preference of our preferred shares and our high leverage ratio and our ability to remain in compliance with our financial covenants under our debt facilities; our ability to refinance our existing indebtedness when it matures, on favorable terms or at all; our ability to raise capital, including through sales of properties or interests in properties and through the issuance of equity or equity-related securities if market conditions are favorable; and potential dilution from any capital raising transactions or other equity issuances.

Additional factors that might cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed herein, and in the sections entitled “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021. We do not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise.

PREIT Contact:

Heather Crowell

EVP, Strategy and Communications
(215) 316-6271
[email protected] 

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SOURCE PREIT

Sierra Wireless Announces Results of Annual Shareholders’ Meeting

Sierra Wireless Announces Results of Annual Shareholders’ Meeting

VANCOUVER, British Columbia–(BUSINESS WIRE)–
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra Wireless” or the “Company”) is pleased to announce the results from its annual general meeting of shareholders (“Shareholders”) held on June 2, 2021 (the “Meeting”).

Results of the Meeting

All of the eleven nominees proposed by management for election to the Board at the Meeting and listed in the Company’s Management Information Circular dated April 28, 2021 (the “Circular”) were elected to the Board. The directors will remain in office until the next annual meeting of Shareholders, or until their successors are elected or appointed.

The results of the vote on the election of directors are as follows:

 

Director

 

Votes in Favour

 

Votes Withheld

 

Number of Votes

Percentage (%)

Number of Votes

Percentage (%)

Robin A. Abrams

19,684,225

96.91%

627,400

3.09%

James R. Anderson

20,079,133

98.86%

232,492

1.14%

Karima Bawa

19,862,453

97.79%

449,172

2.21%

Russell N. Jones

19,898,582

97.97%

413,043

2.03%

Thomas K. Linton

19,934,401

98.14%

377,224

1.86%

Martin D. Mc Court

20,077,284

98.85%

234,341

1.15%

Lori M. O’Neill

19,622,877

96.61%

688,748

3.39%

Thomas Sieber

19,675,464

96.87%

636,161

3.13%

Kent P. Thexton

19,914,282

98.04%

397,343

1.96%

Mark Twaalfhoven

19,935,723

98.15%

375,902

1.85%

Gregory L. Waters

20,075,580

98.84%

236,045

1.16%

The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) approve certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan and to approve all unallocated entitlements thereunder; (iii) approve certain amendments to the Company’s Amended and Restated 1997 Stock Option Plan; and (iv) approve an advisory resolution to accept the Company’s approach to executive compensation.

By resolution passed by way of ballot, the Shareholders approved the reappointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year, as follows:

Votes For

% Votes For

Votes Withheld

% Votes Withheld

24,910,144

98.88%

282,992

1.12%

By resolution passed by way of ballot, the Shareholders approved certain amendments to and all of the unallocated entitlements under the Company’s 2011 Treasury Based Restricted Share Unit Plan (the “Treasury RSU Plan”), as more particularly described in the Company’s Management Information Circular dated April 28, 2021 (the “Circular”), as follows:

Votes For

% Votes For

Votes Against

% Votes Against

15,465,660

76.14%

4,845,965

23.86%

By resolution passed by way of ballot, the Shareholders approved certain amendments to the Company’s Amended and Restated 1997 Stock Option Plan (the “Option Plan”), as more particularly described in the Circular, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

18,854,154

92.82%

1,457,471

7.18%

By resolution passed by way of ballot, the Shareholders approved a non-binding resolution approving the compensation of the Company’s named executive officers, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

18,766,235

92.39%

1,545,389

7.61%

No other business was voted upon at the Meeting.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is an integrated solution to help a business securely connect edge devices to the cloud, or a software/API service to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT endeavor. Sierra Wireless operates a 24/7/365 Global Network Operation Center (GNOC) and R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless.

“Sierra Wireless” is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Media Contact:

Louise Matich

+1 (236) 979-2158

[email protected]

Investor Contact:

David Climie

+1 (604) 231-1137

[email protected]

KEYWORDS: United States North America Canada California

INDUSTRY KEYWORDS: Software Technology Mobile/Wireless Internet

MEDIA:

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Trane Technologies Reports Results of Voting from 2021 Annual General Meeting, Declares Quarterly Dividend

Trane Technologies Reports Results of Voting from 2021 Annual General Meeting, Declares Quarterly Dividend

SWORDS, Ireland–(BUSINESS WIRE)–
Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2021 Annual General Meeting of shareholders in Davidson, North Carolina.

During the Annual General Meeting, the company’s shareholders considered six proposals: nominations to re-elect 12 members of Trane Technologies’ Board of Directors; advisory approval of the compensation of the company’s named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors’ remuneration; renewal of the Board of Directors’ existing authority to issue shares; renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders; and determination of the price range at which the company can re-allot shares that it holds as treasury shares.

The results of the Annual General Meeting voting are as follows:

All 12 individuals nominated for the Board of Directors – Kirk E. Arnold, Ann C. Berzin, John Bruton, Jared L. Cohon, Gary D. Forsee, Linda P. Hudson, Michael W. Lamach, Myles P. Lee, April Miller Boise, Karen B. Peetz, John P. Surma and Tony L. White – were elected to a one-year term, which expires at the company’s next Annual General Meeting.

The proposal to give advisory approval of the compensation of the company’s named executive officers received approximately 89 percent of votes cast in favor.

The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditors’ remuneration received approximately 92 percent of the votes cast in favor.

The proposal to approve renewal of the Board of Directors’ existing authority to issue shares received approximately 97 percent of the votes cast in favor.

The proposal to approve renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders received approximately 98 percent of the votes cast in favor.

The proposal to determine the price range at which the company can re-allot shares that it holds as treasury shares received approximately 99 percent of the votes cast in favor.

The company’s Board of Directors also declared a quarterly dividend of $0.59 per ordinary share. The dividend is payable September 30, 2021, to shareholders of record on September 3, 2021.

Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Learn more at TraneTechnologies.com.

Media:

Jennifer Regina, Trane Technologies

+1-630-390-8011, [email protected]

Investors:

Zachary Nagle, Trane Technologies

+1-704-990-3913, [email protected]

KEYWORDS: Ireland Europe

INDUSTRY KEYWORDS: Construction & Property Other Manufacturing Building Systems Manufacturing

MEDIA:

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Triton International to Present at the UBS Global Industrials and Transportation Virtual Conference

Triton International to Present at the UBS Global Industrials and Transportation Virtual Conference

HAMILTON, Bermuda–(BUSINESS WIRE)–
June 3, 2021 – Triton International Limited (NYSE:TRTN) today announced that Brian Sondey, Chairman and Chief Executive Officer, will participate in a fireside chat at the UBS Global Industrials and Transportation Virtual Conference on Wednesday, June 9, 2021 at 4:00 p.m. Eastern Time. A live webcast of the presentation and an archived replay will be available to the public on the Investors section of Triton’s website at www.trtn.com.

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of 6.5 million twenty-foot equivalent units (“TEU”), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Andrew Greenberg

Senior Vice President

Business Development & Investor Relations

914-697-2900

KEYWORDS: Bermuda Caribbean

INDUSTRY KEYWORDS: Trucking Rail Maritime Transport Logistics/Supply Chain Management Other Transport

MEDIA:

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CyberOptics Receives New Order Valued at $4.2 Million for Mini LED Inspection and Metrology

CyberOptics Receives New Order Valued at $4.2 Million for Mini LED Inspection and Metrology

MINNEAPOLIS–(BUSINESS WIRE)–
CyberOptics Corporation® (Nasdaq: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, today announced that it has received a new follow-on order valued at approximately $4.2 million for its SQ3000™ Multi-Function systems for mini LED inspection and metrology. Revenue from the order is expected to be recognized in the second half of 2021.

About CyberOptics

CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics’ sensors are used for inspection and metrology in the SMT and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the Company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.

Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: a possible world-wide recession or depression resulting from the economic consequences of the COVID-19 pandemic; the negative effect on our revenue and operating results of the COVID-19 crisis on our customers and suppliers and the global supply chain; market conditions in the global SMT and semiconductor capital equipment industries; trade relations between the United States and China and other countries; the timing of orders and shipments of our products, particularly our 3D MRS SQ3000 Multi-Function systems and MX systems for memory module inspection; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics and semiconductor markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; the market acceptance of our SQ3000 Multi-Function systems and products for semiconductor inspection and metrology; costly and time consuming litigation with third parties related to intellectual property infringement; the negative impact on our customers and suppliers due to past and future terrorist threats and attacks and any acts of war; the impact of the MX3000 orders on our consolidated gross margin percentage in any future period; risks related to cancellation or renegotiation of orders we have received; and other factors set forth in the Company’s filings with the Securities and Exchange Commission.

Jeffrey A. Bertelsen, Chief Financial Officer

763-542-5000

Carla Furanna, Vice President of Global Marketing

952-820-5837

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Electronic Design Automation Semiconductor Technology Other Technology Nanotechnology Hardware

MEDIA:

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KKR to Present at the Morgan Stanley US Financials, Payments & CRE Conference 2021

KKR to Present at the Morgan Stanley US Financials, Payments & CRE Conference 2021

NEW YORK–(BUSINESS WIRE)–
KKR & Co. Inc. (NYSE: KKR) announced today that Ralph F. Rosenberg, Global Head of KKR Real Estate, will present at the Morgan Stanley US Financials, Payments & CRE Conference 2021 on Wednesday, June 16, 2021 at 12:30 PM ET.

A live audio webcast of the presentation will be available on the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.

Any questions regarding the webcast may be addressed to KKR’s Investor Relations group at [email protected].

ABOUT KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Investor Relations:

Craig Larson

+1 (877) 610-4910 (U.S.) / +1 (212) 230-9410

[email protected]

Media:

Cara Major or Miles Radcliffe-Trenner

+ 1 (212) 750-8300

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Salesforce Announces Annual Virtual Stockholders Meeting to Be Held on Thursday, June 10, 2021

Salesforce Announces Annual Virtual Stockholders Meeting to Be Held on Thursday, June 10, 2021

Meeting to be webcast live on Salesforce’s investor relations website

SAN FRANCISCO–(BUSINESS WIRE)–
Salesforce (NYSE: CRM), the global leader in CRM, today announced the company’s annual meeting of stockholders will be held on Thursday, June 10, 2021 at 11:00 a.m. (PT) / 2:00 p.m. (ET). This year’s meeting is a virtual stockholder meeting conducted exclusively via a live audio webcast at www.virtualshareholdermeeting.com/CRM2021. As described in the proxy materials previously distributed, stockholders as of the close of business on April 15, 2021, the record date, are entitled to participate in the Annual Stockholders Meeting. To participate, stockholders will need the 16-digit control number included in the proxy materials delivered to such stockholder. An option to attend as a guest will be available if you are not a current stockholder.

Stockholders should refer to Salesforce’s proxy statement available at www.salesforce.com/investor for additional details regarding required documentation to gain admission to the meeting.

About Salesforce

Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.

Evan Goldstein

Salesforce

Investor Relations

415-819-2987

[email protected]

Stephanie Barnes

Salesforce

Public Relations

415-722-0883

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Accounting Internet Professional Services Data Management Technology Small Business Other Communications Other Professional Services Marketing Human Resources Communications

MEDIA:

Virtuoso Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

Westport, CT, June 03, 2021 (GLOBE NEWSWIRE) — Virtuoso Acquisition Corp. (NASDAQ: VOSOU) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021, the Company was unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense. The extension period provided under Rule 12b-25 expired on May 24, 2021. The Company was unable to meet the filing deadline for its Form 10-Q due to the Company’s conclusion that its outstanding warrants should be accounted for as a liability and the scope and process for updating the Company’s financial statements accordingly.

Nasdaq has informed the Company that, under Nasdaq rules, the Company will have 60 calendar days from the date of the Notice (May 28, 2021) to file its Form 10-Q with the SEC, or July 28, 2021. The Company can regain compliance with Nasdaq listing standards during this sixty-day period when the Company files its Form 10-Q with the SEC. During the sixty-day period, Nasdaq will closely monitor the status of the Company’s late filing and related public disclosures. If the Company fails to file its Form 10-Q within such sixty-day period, Nasdaq may, in its sole discretion, allow the Company’s units, warrants and common stock to trade for up to 180 days from the Form 10-Q’s filing due date, or November 22, 2021) (an “Additional Period”) depending on specific circumstances, as outlined in the rule. If Nasdaq determines that an Additional Period is not appropriate, suspension and delisting procedures will commence pursuant to the Nasdaq Listing Rules. If Nasdaq determines that an Additional Period is appropriate and the Company fails to file its Form 10-Q and any subsequent delayed filings by the end of that period, suspension and delisting procedures will generally commence. Regardless of the procedures described above, Nasdaq may commence delisting proceedings at any time during the period that is available to complete the filing, if circumstances warrant.

As noted above, the Company is working diligently to complete its Form 10-Q. The Company intends to file it as soon as practicable to regain compliance with Nasdaq continued listing standards.

No assurance can be given that the Company will be able to regain compliance with the aforementioned listing requirement or maintain compliance with the other continued listing requirements set forth in the Nasdaq Listing Rules. If the Company’s units, warrants and common stock are ultimately suspended from trading on, or delisted from, Nasdaq for any reason, it could have adverse consequences including, among others: lower demand and market price for the Company’s securities; adverse publicity; and a reduced ability to consummate a business combination.

About Virtuoso Acquisition Corp.

Virtuoso Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On May 28, the Company and Wejo Limited, a UK based entity that is a leader in connected vehicle data, announced that they have entered into a definitive agreement for a business combination. The tranasction is expected to close in the later part of 2021. The Company is led by Chief Executive Officer Jeffrey D. Warshaw and Chief Financial Officer Michael O. Driscoll.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “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. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

             
Jeffrey D. Warshaw
Chief Executive Officer
[email protected]
203 571-6161



New Phase 3 Data at WCPGHAN Show Long-Term Safety, Tolerability, and Treatment Benefits of Bylvay™ (odevixibat) in PFIC

– Data being presented show long-term benefits of Bylvay in children with PFIC –

– First potential non-invasive treatment option that could transform the treatment paradigm –

– Observed long-term improvements in total bilirubin, growth, and sleep measures –

– Data validates the PRUCISION


©


ObsRO pruritus measurement tool and proves reliability –

BOSTON, June 03, 2021 (GLOBE NEWSWIRE) — Albireo Pharma, Inc. (Nasdaq: ALBO), a clinical-stage rare liver disease company developing novel bile acid modulators, today presented clinical data from its Phase 3 PEDFIC 1 study and an interim data cut of the PEDFIC 2 long-term extension study of its lead product candidate, Bylvay (odevixibat). Data being shared at the 6th World Congress of Pediatric Gastroenterology, Hepatology, and Nutrition (WCPGHAN) Meeting on June 2 – 5 shows that long-term treatment (up to 48 weeks) was associated with clinically meaningful, positive effects on cholestasis, growth, and sleep parameters in patients with progressive familial intrahepatic cholestasis (PFIC). The totality of the data supports the potential of Bylvay to provide benefits to patients with PFIC. Bylvay is a potent, once-daily, non-systemic ileal bile acid transport inhibitor (IBATi) currently being developed for the treatment of PFIC, biliary atresia, and Alagille syndrome.

“The data being presented at WCPGHAN showed consistent long-term safety and tolerability across studies, treatment groups, and doses and long-term treatment benefits of Bylvay in children with PFIC,” said Ron Cooper, President and Chief Executive Officer of Albireo. “These results not only give us confidence in the potential for Bylvay in patients with PFIC, but also in our global pivotal studies in biliary atresia and Alagille syndrome.”

Long-Term Safety and Tolerability

PEDFIC 1 was the first and largest, global, pivotal Phase 3 study conducted in PFIC, which evaluated the efficacy and tolerability of Bylvay in reducing pruritus and serum bile acids in a randomized, double-blind, placebo-controlled trial, and PEDFIC 2 is a long-term, open-label Phase 3 extension study. Bylvay improved pruritus, cholestasis, and growth with durable effect.

The data being presented confirms the safety and tolerability of Bylvay in children with PFIC. The observed safety and tolerability profile of Bylvay was consistent across studies, treatment groups, and doses. The analyses discussed in this oral presentation include data for of the safety and tolerability of Bylvay in children with PFIC treated in both PEDFIC 1 and PEDFIC 2 treated for up to 48 weeks. No drug-related serious adverse events were reported in either PEDFIC 1 or PEDFIC 2. One patient in PEDFIC 1 and 3 patients in PEDFIC 2 treated with Bylvay withdrew due to an adverse event. There were low numbers of gastrointestinal adverse events; specifically, treatment-related diarrhea/frequent bowel movements was reported in 10% of Bylvay treated patients in PEDFIC 1 and 5% of placebo-treated patients.

Long-Term Benefits of Bylvay

The oral presentation shows data for secondary and exploratory efficacy outcomes from the PEDFIC 1 and PEDFIC 2 studies, including growth, hepatic chemistries, and sleep parameters. The PEDFIC 2 study observed two cohorts:

Cohort 1 consists of PFIC1 and PFIC2 patients from PEDFIC 1 who rolled into PEDFIC 2. This includes patients treated with Bylvay, as well as patients treated with placebo.

Cohort 2 consists of newly enrolled patients who did not participate in the PEDFIC 1 trial, including patients with PFIC1, PFIC2, PFIC3 and MYO5B deficiency.

At the PEDFIC 2 interim data cut, median duration of exposure to Bylvay was 43 weeks in patients treated with Bylvay, 36 weeks for cohort 1 patients previously treated with placebo in PEDFIC 1, and 19 weeks in cohort 2. Long-term treatment with Bylvay was associated with clinically meaningful, positive effects on cholestasis, growth, and sleep parameters in patients with PFIC. The totality of the data support the potential of Bylvay to provide benefits to patients with PFIC. Key findings include:

  • Significant improvement in height and weight: Mean height Z scores in the patient group treated with Bylvay increased significantly from –1.6 to –0.5 (P=0.02) with 48 weeks of treatment; similarly, those in the treatment naive group experienced increases in height Z score with 24 weeks of Bylvay. Changes in weight mirrored those observed with height (e.g., weight Z scores in patients treated with Bylvay normalized over 48 weeks [P=0.02; P=0.03]).
  • Significant decreases in total bilirubin and serum ALT: In addition to the previously reported decreases in pruritus and serum bile acids in PEDFIC 1 and PEDFIC 2, Bylvay also decreased total bilirubin levels by 20 – 25 µmol/L, further indicating an improvement of cholestasis.
  • Reductions in the percentage of days needing help to fall asleep, needing soothing, and sleeping with caregiver: From weeks 24–48 with Bylvay (both groups), there were reductions in the percentage of days needing help to fall asleep (P<0.0001 vs P=0.005, respectively), needing soothing (P<0.0001 vs P=0.12), and sleeping with caregiver (P=0.001 vs P=0.15).

The long-term data from the PEDFIC 2 study collectively reaffirm Bylvay’s potential to be the first drug treatment approved for patients living with PFIC, a devastating disease which is currently treated with surgical options including liver transplantation.

The abstracts will also be published as an abstract book in the Journal of Pediatric Gastroenterology and Nutrition (JPGN).

Validation of the PRUCISION Caregiver-Reported (ObsRO)
Pruritus Measure

The PRUCISION observer-reported (ObsRO) pruritus measurement tool, which was developed to adequately measure pruritus in pediatric patients, was used in the Phase 3 PEDFIC 1 and PEDFIC 2 studies. The data shows that the PRUCISION ObsRO pruritus measure is reliable, valid, and sensitive to change, and as such, is appropriate for evaluating the effect of treatment on pruritus in PFIC and potentially in other pediatric CLDs. A clinically meaningful ObsRO score change threshold of −1.00 was established. The PRUCISION ObsRO pruritus measurement tool is also being used to assess the primary endpoint in the ongoing phase 3 ASSERT trial for children with Alagille syndrome.

About Bylvay (odevixibat
)

Bylvay is an investigational product candidate being developed to treat rare pediatric cholestatic liver diseases, including PFIC, biliary atresia and ALGS. A potent, once-daily, non-systemic ileal bile acid transport inhibitor (IBATi), Bylvay acts locally in the small intestine. Bylvay does not require refrigeration and can be taken as a capsule for older children, or opened and sprinkled onto food, which are factors of key importance for adherence in a pediatric patient population. The FDA has granted Priority Review and set a PDUFA goal date of July 20, 2021. In Europe, the EMA validated MAA. Bylvay is the only IBATi granted accelerated assessment by the EMA.

Bylvay also been granted Orphan Designation, as well as access to the PRIority MEdicines (PRIME) scheme for the treatment of PFIC. The EMA’s Pediatric Committee has agreed to Albireo’s Bylvay Pediatric Investigation Plans for PFIC and biliary atresia. In addition to PFIC, Bylvay has Orphan Drug Designations for the treatment of Alagille syndrome, biliary atresia and primary biliary cholangitis. With FDA and EMA regulatory submissions complete, Bylvay has the potential to become the first approved drug treatment for patients with PFIC in the U.S. and Europe. The Company anticipates potential regulatory approvals, issuance of a rare pediatric disease priority review voucher and launch in the second half of 2021.

The MAA and NDA filings are supported by results from PEDFIC 1 and PEDFIC 2 Phase 3 studies. PEDFIC 1 was the first and largest, global, pivotal Phase 3 study conducted in PFIC, which evaluated the efficacy and tolerability of Bylvay in reducing pruritus and serum bile acids in a randomized, double-blind, placebo-controlled trial. In the PEDFIC 1 study, Bylvay met both primary endpoints and was well tolerated with very low incidence of diarrhea/frequent bowel movements (9.5% of Bylvay treated patients vs. 5.0% of placebo patients). ir.albireopharma.com/news-releases/news-release-details/albireo-phase-3-trial-meets-both-primary-endpoints-odevixibat. PEDFIC 2 is a long-term, open-label Phase 3 extension study. The Company also provides an Expanded Access Program (EAP) for eligible patients with PFIC in the U.S., Europe, Canada and Australia. Bylvay is also currently being evaluated in the BOLD Phase 3 trial in patients with biliary atresia, and the global Phase 3 ASSERT trial for ALGS.

About Albireo

Albireo Pharma is a clinical-stage biopharmaceutical company focused on the development of novel bile acid modulators to treat rare pediatric and adult liver diseases. Albireo’s lead product candidate, Bylvay, is being developed to treat rare pediatric cholestatic liver diseases with Phase 3 trials in PFIC, Alagille syndrome and biliary atresia. For PFIC, the FDA recently granted Priority Review and set a PDUFA goal date of July 20, 2021. In Europe, the EMA validated MAA. Bylvay is the only IBATi granted accelerated assessment by the EMA. Bylvay has been provisionally accepted by both the FDA and EMA as the brand name for odevixibat. The Company has also initiated a Phase 1 clinical trial for A3907 to advance development in adult cholestatic liver disease, with IND-enabling studies moving ahead with A2342 for viral and cholestatic liver disease. Albireo was spun out from AstraZeneca in 2008 and is headquartered in Boston, Massachusetts, with its key operating subsidiary in Gothenburg, Sweden. The Boston Business Journal named Albireo one of the 2020 Best Places to Work in Massachusetts for the second consecutive year. For more information on Albireo, please visit www.albireopharma.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements, other than statements of historical fact, regarding, among other things: the plans for, or progress, scope, cost, initiation, duration, enrollment, results or timing for availability of results of, development of Bylvay or any other Albireo product candidate or program; expectations regarding the impact of the COVID-19 pandemic on our business and our ability to adapt our plans and activities as appropriate; the pivotal trial for Bylvay in biliary atresia (BOLD), and the pivotal trial for Bylvay in Alagille syndrome (ASSERT); the target indication(s) for development or approval, the size, design, population, location, conduct, cost, objective, enrollment, duration or endpoints of any clinical trial, or the timing for initiation or completion of or availability or reporting of results from any clinical trial, including the long-term open-label extension study for Bylvay in PFIC, BOLD, ASSERT and the Phase 1 clinical trial for A3907; the potential approval and commercialization of Bylvay and the timing for such potential approval and commercialization; the potential for Bylvay to become the first approved drug for PFIC patients; discussions with the FDA or EMA regarding our programs; the potential benefits or competitive position of Bylvay or any other Albireo product candidate or program or the commercial opportunity in any target indication; the potential effects of Bylvay of the treatment of PFIC patients and its potential to improve the current standard of care; the potential benefits of an orphan drug designation; the potential issuance of a rare pediatric disease priority review voucher; or Albireo’s plans, expectations or future operations, financial position, revenues, costs or expenses. Albireo often uses words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “planned,” “continue,” “guidance,” or the negative of these terms or other similar expressions to identify forward-looking statements. Actual results, performance or experience may differ materially from those expressed or implied by any forward-looking statement as a result of various risks, uncertainties and other factors, including, but not limited to: whether the NDA for Bylvay for the treatment of pruritus in patients with PFIC will be approved by the FDA and whether the MAA for Bylvay in PFIC will be approved by the EMA; whether the FDA or EMA will complete their respective reviews within the target timelines, including the FDA’s PDUFA goal date, as a potential result of the impact of the COVID-19 pandemic or otherwise; the risk that the NDA will not be approved despite the FDA’s acceptance of the NDA for review or that the MAA will not be approved despite CHMP’s opinion recommending approval of Bylvay for the treatment of PFIC; whether the FDA or EMA will require additional information, whether we will be able to provide in a timely manner any additional information that the FDA or EMA requests, and whether such additional information will be satisfactory to the FDA and EMA; other potential negative impacts of the COVID-19 pandemic, including on manufacturing, supply, conduct or initiation of clinical trials, or other aspects of our business; whether favorable findings from clinical trials of Bylvay to date, including findings in indications other than PFIC, will be predictive of results from other clinical trials of Bylvay; whether either or both of the FDA and EMA will determine that the primary endpoint for their respective evaluations and treatment duration of the double-blind Phase 3 trial in patients with PFIC are sufficient to support approval of Bylvay in the United States or the European Union, to treat PFIC, a symptom of PFIC, a specific PFIC subtype(s) or otherwise; the outcome and interpretation by regulatory authorities of the ongoing third-party study pooling and analyzing of long-term PFIC patient data; the timing for initiation or completion of, or for availability of data from, clinical trials of Bylvay or A3907, including BOLD and ASSERT, and the outcomes of such trials; Albireo’s ability to obtain coverage, pricing or reimbursement for approved products in the United States or European Union; delays or other challenges in the recruitment of patients for, or the conduct of, company’s clinical trials; and Albireo’s critical accounting policies. These and other risks and uncertainties that Albireo faces are described in greater detail under the heading “Risk Factors” in Albireo’s most recent Annual Report on Form 10-K or in subsequent filings that it makes with the Securities and Exchange Commission. As a result of risks and uncertainties that Albireo faces, the results or events indicated by any forward-looking statement may not occur. Albireo cautions you not to place undue reliance on any forward-looking statement. In addition, any forward-looking statement in this press release represents Albireo’s views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Albireo disclaims any obligation to update any forward-looking statement except as required by applicable law.

Media Contact:

Colleen Alabiso, 857-356-3905, [email protected]
Lisa Rivero, 617-947-0899, [email protected]

Investor Contact:

Hans Vitzthum, LifeSci Advisors, LLC., 617-430-7578



Sarepta Therapeutics to Present at Upcoming Investor Conferences

CAMBRIDGE, Mass., June 03, 2021 (GLOBE NEWSWIRE) — Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, today announced that senior management will participate in fireside chats at two upcoming virtual investor conferences:

  • Goldman Sachs 42nd Annual Global Healthcare Conference on Thursday, June 10 at 1:20 p.m. E.T.
  • BofA Securities 2021 Napa BioPharma Virtual Conference on Wednesday, June 16 at 10:30 a.m. E.T.

The presentations will be webcast live under the investor relations section of Sarepta’s website at www.sarepta.com and will be archived there following the presentation for 90 days. Please connect to Sarepta’s website several minutes prior to the start of the broadcast to ensure adequate time for any software download that may be necessary.


About Sarepta Therapeutics


Sarepta is on an urgent mission: engineer precision genetic medicine for rare diseases that devastate lives and cut futures short. We hold leadership positions in Duchenne muscular dystrophy (DMD) and limb-girdle muscular dystrophies (LGMDs), and we currently have more than 40 programs in various stages of development. Our vast pipeline is driven by our multi-platform Precision Genetic Medicine Engine in gene therapy, RNA and gene editing. For more information, please visit www.sarepta.com or follow us on Twitter, LinkedIn, Instagram and Facebook.


Internet Posting of Information


We routinely post information that may be important to investors in the ‘For Investors’ section of our website at 


www.sarepta.com


. We encourage investors and potential investors to consult our website regularly for important information about us.

Source: Sarepta Therapeutics, Inc.


Investor Contact:


Ian Estepan, 617-274-4052
[email protected]


Media Contact:


Tracy Sorrentino, 617-301-8566
[email protected]