TE Connectivity finds early success in first year of 2030 sustainability plan

Progress detailed in 2020 corporate responsibility report

PR Newswire

SCHAFFHAUSEN, Switzerland, May 20, 2021 /PRNewswire/ — One year into the company’s 2030 One Connected World strategy, TE Connectivity, a world leader in connectivity and sensors, has continued to improve how it designs, manufactures and ships its products in its first steps toward meeting sustainability goals announced last year.

Over the past year, TE’s efforts have put the company on-track to meet several 2030 sustainability goals by beginning to reduce greenhouse gas emissions, energy use and water withdrawal. TE also has impacted more than 650,000 people through STEM grants from TE and the TE Connectivity Foundation to inspire the next generation of sustainable engineers, well toward its goal of 3 million people by 2030.

“TE collaborates closely with our customers to create sustainable technology like electric vehicles and more efficient data centers, as well as solutions to ensure renewable energy sources like wind turbines and solar panels get connected to the grid,” said CEO Terrence Curtin. “Since our products empower technologies that reduce humanity’s impact on the planet, it is important to TE that they are created in a sustainable way. I’m pleased that our employees, customers and owners have responded to our One Connected World strategy with an incredible show of support and excitement and I’m confident in our ability to deliver on our commitments.”

In order to meet the 2030 goals, sustainability is a part of every TE initiative, large and small. In TE’s facilities, two manufacturing sites in Germany achieved a net zero carbon footprint in 2020 by generating their own solar energy and supporting climate protecting projects. On the product side, TE innovated upon one of its core manufacturing processes–plating–to save energy with a new surface technology for automotive parts that consumes a fraction of the water and reduces energy consumption by 35%. Working to improve upon shipping practices, TE piloted the use of a more sustainable way to package products for shipment that requires 30% less wrapping material and is 100% recyclable.

To view the full FY2020 corporate responsibility report, visit TE.com/responsibility.

ABOUT TE CONNECTIVITY
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.

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SOURCE TE Connectivity Ltd.

Volaris updates guidance for the second quarter of 2021: Positive cash generation in the quarter, EBITDAR margin in the low to mid-thirty percent range

PR Newswire

MEXICO CITY, May 20, 2021 /PRNewswire/ — Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, updates guidance for the second quarter of 2021.

Volaris Logo

Over the past three weeks the Company has seen a material improvement in sales for both the domestic Mexican market and the transborder US international market. While the recovery from COVID-19 has been difficult to predict and a high level of uncertainty remains, based on current trends the Company is adjusting the guidance it provided during its first quarter 2021 earnings call for the second quarter 2021 as follows:

  • Capacity for the second quarter measured in available seat miles (ASMs) is now projected to be in the range of 110% to 113% of 2019 second quarter capacity.
  • The Company expects to generate positive cash in the quarter in the range of US$800,000 to US$1,000,000 per day. This is after fully meeting contractual repayment obligations deferred in previous quarters which are now due in this quarter.
  • Total operating revenues per available seat mile (TRASM) is now projected to increase between 8% and 10% as compared to the same period of 2019.
  • EBITDAR margin for the second quarter is now projected to be in the low to mid-thirty percent range driven by improved TRASM levels.

2Q21 Guidance

Revised

Original


Capacity (ASMs vs. 2Q19)

110% – 113%

110%


Average daily cash burn/generation

Cash generation of

US$ 0.8M – US$ 1M

Cash burn of

~US$ 0.6M


TRASM (Peso cents vs. 2Q19)

8% – 10%

In line with 2Q19


EBITDAR margin (% range)

Low to mid 30’s

High 20’s

The information included in this current report on Form 6-K has not been audited.  Additionally, this current report on Form 6-K contains various 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 represent the Company’s expectations, beliefs or projections concerning future events and financial trends affecting the financial condition of our business. When used in this current report, the words “expects,” “intends,” “estimates,” “predicts,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “potential,” “outlook,” “may,” “continue,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company’s objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements.  Forward-looking statements should not be read as a guarantee or assurance of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements are subject to a number of factors that could cause the Company’s actual results to differ materially from the Company’s expectations, including the competitive environment in the airline industry; the Company’s ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company’s ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company’s Securities and Exchange Commission filings. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date of this current report. You should not put undue reliance on any forward-looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

About Volaris:
*(“Volaris” or the “Company”) (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to 170 and its fleet from four to 87 aircraft. Volaris offers more than 425 daily flight segments on routes that connect 43 cities in Mexico and 25 cities in the United States with one of the youngest fleet in The Americas. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico and in selected destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: www.volaris.com.

Investor Relations contact: María Elena Rodríguez / Investor Relations / [email protected] / +52 55 5261 6444 
Media contact: Gabriela Fernández / [email protected] / +52 55 5246 0100

Logo – https://mma.prnewswire.com/media/194587/volaris_logo.jpg

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SOURCE Volaris

Braxia Scientific Introduces the Braxia Institute, Turning Research to Clinical Action; Over 200 Physicians and Health Care Providers to Attend Braxia’s Symposium on Rapid Acting Anti-Depressants

PR Newswire

  • Over 200 physicians and healthcare providers from Canada, U.S., and Asia to attend Braxia’s Symposium on rapid acting anti-depressants (RAAD) which include ketamine, esketamine and psychedelic therapies
  • Braxia Institute aims to turn research into clinical action to achieve better outcomes for people with mental illness by closing the extraordinary gap between clinical practice and neuroscience research of ketamine and psychedelic treatment

TORONTO, May 20, 2021 /PRNewswire/ – Braxia Scientific Corp. (“Braxia Scientific” or the “Company”), (CSE: BRAX) (FWB: 496) (OTC: SHRMF), a research driven clinical platform developing and providing novel ketamine treatments for persons with depression and related disorders, is pleased to announce the launch of the Braxia Institute (“Braxia Institute”), the Company’s training Centre of Excellence focused on advancing psychiatric clinical practice and health services of ketamine and psychedelic treatment therapy for people with treatment resistant depression and other possible mental health disorders.

The Braxia Institute plays a vital role in improving the quality of care for people receiving psychedelic drug treatments, including ketamine and esketamine therapy, for depression and related mental disorders.

Through its research backed training programs, the Braxia Institute is focused on advancing the knowledge base of psychiatrists, physicians, and other health care professionals globally, closing the extraordinary gap between clinical practice groups around the world and the protocols, competencies and best practices identified through peer reviewed published research. Braxia will also ensure the standard of care and protocols will be delivered across all of its clinics.

The Braxia Institute is led by Dr. Roger McIntyre, CEO of Braxia Scientific and widely regarded as one of the world’s most recognized psychiatrists in relation to depression and associated mood disorders, as supported by research ratings by Clarivate Analytics and Expertscape, and other institute faculty members.

“I am thrilled to welcome over 200 healthcare providers across Canada, U.S., and Asia who will be attending virtually our first Symposium on the assessment and treatment of patients with rapid acting anti-depressants, or RAAD, such as ketamine and esketamine, and psychedelics,” said Dr. Macintyre. “With Braxia Scientific’s knowledge base, we have a tremendous opportunity to radically improve the quality of care patients receive.  Braxia Scientific will play a vital role in translating and implementing the latest research for psychedelic, ketamine and esketamine therapies for persons with depression and related disorders. It is additionally our intention to inform professional standards of practice as it relates to the implementation and reimbursement of ketamine and psychedelics across private and public sectors.”

By focusing on research backed education and training programs, Braxia Scientific is answering the call to address the growing, unmet need for accessible, high-quality and advanced mental health services to patients diagnosed with depression, other mental health disorders and those at risk for suicide. 

About Braxia Scientific Corp.

Braxia Scientific is a research driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as major depressive disorder among others. Braxia Scientific is primarily focused on (i) owning and operating multidisciplinary clinics providing treatment for mental health disorders and (ii) research activities related to discovering and commercializing novel drugs and delivery methods. The Company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform. Braxia Scientific, through its wholly owned subsidiary, the Canadian Rapid Treatment Center of Excellence Inc., currently operates multidisciplinary community-based clinics offering rapid-onset treatments for depression located in Mississauga, Toronto, Ottawa, and Montreal.

ON BEHALF OF THE BOARD

“Dr. Roger S. McIntyre
Dr. Roger S. McIntyre
Chairman & CEO

The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary Statement
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are “forward-looking statements.” Forward-looking statements include statements about the intended promise of ketamine and esketamine-based treatments for depression, and the potential for ketamine to treat other emerging psychiatric disorders, for the Company to be a leader in this space and for the Company’s ability to grow its clinical network. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events, or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the failure of ketamine to provide the expected health benefits and unanticipated side effects, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, municipal, local or other licenses and engaging in activities that could be later determined to be illegal under domestic or international laws. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, including the Amended and Restated Listing Statement dated April 15, 2021, which are available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements.

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SOURCE Braxia Scientific Corp.

Monarch Mining Commences Trading on the OTCQX Market

MONTREAL, May 20, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that the Corporation has qualified to trade on the OTCQX® Best Market. Monarch upgraded to the OTCQX market from the Pink® market.

Monarch begins trading today on OTCQX under the symbol “GBARF”. US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

“We are very pleased to be trading on the OTCQX,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “This is an important milestone for Monarch, which will facilitate trading in our stock for US investors as we are aiming to expand our shareholder base to a larger pool of retail and institutional investors.”      

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

About Monarch

Monarch Mining Corporation (TSX: GBAR; OTCQX: GBARF) is a fully integrated mining company that owns four advanced projects, including the fully permitted past-producing Beaufor Mine, which has produced more than 1 million ounces of gold over the last 30 years. Other advanced assets include the Croinor Gold, McKenzie Break and Swanson properties, all located near Monarch’s wholly owned and fully permitted Beacon 750 tpd mill. Monarch owns 28,725 hectares (287 km2) of mining assets in the prolific Abitibi mining camp that host 588,482 ounces of combined measured and indicated gold resources and 329,393 ounces of combined inferred resources.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

FOR MORE INFORMATION:
   
Jean-Marc Lacoste   1-888-994-4465    
President and Chief Executive Officer [email protected]
   
Mathieu Séguin  1-888-994-4465
Vice President, Corporate Development   [email protected]
   
Elisabeth Tremblay    1-888-994-4465
Senior Geologist – Communications Specialist  [email protected]
   

www.monarchmining.com



Myriad Genetics Appoints Melissa Gonzales to Lead Women’s Health Business

New President Brings Proven Track Record in Women’s Health; Direct to Physician and Direct to Patient Commercial Expertise

SALT LAKE CITY, May 20, 2021 (GLOBE NEWSWIRE) — Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced that Melissa Gonzales has been named president of its Women’s Health business.

Gonzales has more than 20 years of women’s health experience, most recently at Medela, a global leader in breast pumps and medical solutions, supporting millions of new moms and babies. She served as executive vice president of Medela Americas and helped position the company as the number one breast pump brand in the United States. Prior to Medela, Gonzales led commercial teams at Align Technology and Smith & Nephew.

In her role at Myriad Women’s Health, Gonzales will be responsible for serving consumers, patients and healthcare providers with genetic tests that help women assess their risk of hereditary cancer and provide vital insights during pregnancy or when planning a family. She will report to Nicole Lambert, president of Myriad Genetic Laboratories.

“Melissa is a proven leader with deep relevant expertise both in partnering with healthcare systems as well as reaching patients directly. She has the passion, leadership qualities, and proven experience to accelerate the growth of our Women’s Health business and elevate our products to their full potential,” said Lambert. “We are fortunate to have an executive of Melissa’s caliber as the most recent addition to our team.”

Myriad Women’s Health offers the Myriad myRisk® Hereditary Cancer test, Myriad Foresight® Carrier Screen and Myriad Prequel™ Prenatal Screen as well as a suite of services to expand access and streamline the genetic testing process for patients and providers.

About Myriad Genetics

Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and wellbeing for all, empowering individuals with vital genetic insights and enabling healthcare providers to better detect, treat and prevent disease. Myriad discovers and commercializes genetic tests that determine the risk of developing disease, accurately diagnose disease, assess the risk of disease progression, and guide treatment decisions across medical specialties where critical genetic insights can significantly improve patient care and lower healthcare costs. For more information, visit the Company’s website: www.myriad.com.

Myriad, the Myriad logo, BART, BRACAnalysis, Colaris, Colaris AP, myPath, myRisk, Myriad myRisk, myRisk Hereditary Cancer, myChoice, myPlan, BRACAnalysis CDx, Tumor BRACAnalysis CDx, myChoice CDx, Vectra, EndoPredict, Prequel, Foresight, GeneSight, riskScore and Prolaris are trademarks or registered trademarks of Myriad Genetics, Inc. or its wholly owned subsidiaries in the United States and foreign countries. MYGN-F, MYGN-G.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to accelerating the growth of the Company’s Women’s Health business and elevating the Company’s products to their full potential; and the Company’s strategic directives under the caption “About Myriad Genetics.” These “forward-looking statements” are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those described or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to: uncertainties associated with COVID-19, including its possible effects on our operations and the demand for our products and services; our ability to efficiently and flexibly manage our business amid uncertainties associated with COVID-19; the risk that sales and profit margins of our molecular diagnostic tests and pharmaceutical and clinical services may decline or that we may not be able to operate our business on a profitable basis; risks related to our ability to generate sufficient revenue from our existing product portfolio or in launching and commercializing new tests; risks related to changes in governmental or private insurers’ coverage and reimbursement levels for our tests or our ability to obtain reimbursement for our new tests at comparable levels to our existing tests; risks related to increased competition and the development of new competing tests and services; the risk that we may be unable to develop or achieve commercial success for additional molecular diagnostic tests and pharmaceutical and clinical services in a timely manner, or at all; the risk that we may not successfully develop new markets for our molecular diagnostic tests and pharmaceutical and clinical services, including our ability to successfully generate revenue outside the United States; the risk that licenses to the technology underlying our molecular diagnostic tests and pharmaceutical and clinical services and any future tests are terminated or cannot be maintained on satisfactory terms; risks related to delays or other problems with operating our laboratory testing facilities; risks related to public concern over genetic testing in general or our tests in particular; risks related to regulatory requirements or enforcement in the United States and foreign countries and changes in the structure of the healthcare system or healthcare payment systems; risks related to our ability to obtain new corporate collaborations or licenses and acquire new technologies or businesses on satisfactory terms, if at all; risks related to our ability to successfully integrate and derive benefits from any technologies or businesses that we license or acquire; risks related to our projections about the potential market opportunity for our products; the risk that we or our licensors may be unable to protect or that third parties will infringe the proprietary technologies underlying our tests; the risk of patent-infringement claims or challenges to the validity of our patents or other intellectual property; risks related to changes in intellectual property laws covering our molecular diagnostic tests and pharmaceutical and clinical services and patents or enforcement in the United States and foreign countries; risks of new, changing and competitive technologies and regulations in the United States and internationally; the risk that we may be unable to comply with financial operating covenants under our credit or lending agreements; the risk that we will be unable to pay, when due, amounts due under our credit or lending agreements; risks related to the material weakness identified in our internal control over financial reporting, including the impact thereof and our remediation plan; and other factors discussed under the heading “Risk Factors” contained in Item 1A of our Transition Report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2021, as well as any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. All information in this press release is as of the date of the release, and Myriad undertakes no duty to update this information unless required by law.

Media Contact: Jared Maxwell
(801) 505-5027
[email protected]
Investor Contact: Nathan Smith
(801) 505-5067
[email protected]
       

 



Forma Therapeutics to Present Data from Pivotal Phase 2 Trial of Olutasidenib at ASCO 2021

Forma Therapeutics to Present Data from Pivotal Phase 2 Trial of Olutasidenib at ASCO 2021

Olutasidenib demonstrated a 33.3% composite complete remission rate (CR/CRh) in people living with R/R AML with the IDH1 mutation

Among those with CR/CRh, estimated 18-month survival is 87%; median overall survival has not yet been reached

Duration of response of 13.8 months is longest reported in this treatment setting to date

Favorable tolerability profile following continuous oral treatment with olutasidenib 150mg BID

WATERTOWN, Mass.–(BUSINESS WIRE)–
Forma Therapeutics Holdings, Inc. (Nasdaq: FMTX) today announced that topline interim data from its Phase 2 trial of olutasidenib in relapsed/refractory acute myeloid leukemia (R/R AML) will be presented at the upcoming 2021 American Society of Clinical Oncology (ASCO) Annual Meeting taking place June 4-8. Olutasidenib, Forma’s selective inhibitor for cancers with mutations in isocitrate dehydrogenase 1 (IDH1m), demonstrated positive efficacy and a favorable tolerability profile as a monotherapy in patients with IDH1m R/R AML, achieving the primary endpoint of a composite complete remission (CR) or CR plus CR with partial hematologic recovery (CRh) rate of 33.3% (30% CR and 3% CRh).

The presentation is based on an interim analysis from a pivotal trial arm evaluating continuous treatment with 150 mg twice daily of oral olutasidenib. The data indicate the duration of CR/CRh for people on treatment was 13.8 months. Among patients with a complete remission (CR) who were transfusion-dependent at baseline, 56-day transfusion independence was achieved in 100% of patients as measured by platelets and 83% as measured by red blood cells.

“The data being presented at ASCO showcase olutasidenib’s meaningful progress for this patient population, which currently has limited options to extend life expectancy,” said Patrick Kelly, M.D., chief medical officer of Forma Therapeutics. “The safety data from the treatment cohort are consistent with the findings from our Phase 1 evaluation in this high-risk AML patient population. The data highlight the duration of response, which is nearly six months longer than current standard of care.”

Oral Abstract Session – June 4, 2:30 p.m. ET

  • Abstract #7006: Effect of olutasidenib (FT-2102) on complete remissions in patients with relapsed/refractory (R/R) mIDH1 acute myeloid leukemia (AML): Results from a planned interim analysis of a phase 2 clinical trial

About the Phase 1/2 Study

The Phase 1/2 study is a multicenter, open-label, multi-cohort evaluation of the safety, efficacy and pharmacokinetics/pharmacodynamics (PK/PD) of olutasidenib for patients with AML or myelodysplastic syndrome (MDS) with an IDH1 mutation. Phase 1 of the trial, 2102-HEM-101, was an open-label, dose-escalation and expansion study of olutasidenib alone and in combination with azacitidine (AZA). The Phase 2 portion was an open-label, fixed-dose study of olutasidenib as a monotherapy and in combination with AZA in multiple IDH1m AML/MDS populations. The primary efficacy evaluable population is comprised of 123 R/R AML patients enrolled in Cohort 1, who received 150 mg of olutasidenib BID at least six months prior to the interim analysis cutoff date of June 18, 2020. The primary endpoint of the Phase 2 pivotal study is a complete remission (CR) plus a complete remission with partial hematological recovery (CRh) that is defined as <5% blasts in the bone marrow, no evidence of disease and partial recovery of peripheral blood counts (platelets >50,000/microliter and ANC >500/microliter).

Key Study Findings

Efficacy (n=123)

  • Olutasidenib induced a durable CR/CRh rate of 33.3% (95% CI 25.1, 42.2), which is the primary endpoint of the study:

    • The CR rate was 30.0% (37 of 123 patients) and the CRh rate was 3.0% (4 of 123 patients)
  • While the median duration of response was not yet reached, in a sensitivity analysis with hematopoietic stem cell transplant considered as the end of a response, the median duration was 13.8 months.
  • The median duration of overall response was 11.7 months.
  • The median overall survival (OS) was 10.5 months. The median OS for non-CR/CRh responders was 15.0 months. A median OS has not yet been reached for the CR/CRh population, with an 18-month survival estimate of 87.0%.
  • Transfusion independence was achieved in all response groups at 56 days, particularly in those achieving CR, with 100% independence for platelet transfusions and 83.0% independence for red blood cells.

Safety (n=153)

  • Olutasidenib was well-tolerated, with adverse events (AEs) consistent with the late stage disease and the heavily pre-treated population. A safety analysis for all 153 patients enrolled in the Phase 2 Cohort 1 found the most common grade 3/4 (≥ 20% or ≥ 10%) treatment-emergent adverse events (TEAEs) were febrile neutropenia (20%), anemia (19%), thrombocytopenia (16%), neutropenia (13%), leukocytosis (9%) and fatigue (<1%). AEs of interest were the following:

    • 14% of patients reported AEs due to Differentiation syndrome, including 7% Grade 3 and 1% Grade 4 AEs. Most resolved with corticosteroids and treatment interruption. However, 1 fatal event was reported.
    • 8% of patients reported AEs due to QTc prolongation, with <1% Grade 3 or 4. No events led to discontinuation.
    • Grade 3 or 4 elevation in liver parameters (ALT/AST/total bilirubin) occurred in 10% and 2% of patients, respectively. Most resolved with treatment interruption and dose reduction. Seven patients (<5%) discontinued study treatment due to LFT abnormalities. No Hy’s law cases reported.

About Olutasidenib

Olutasidenib is an oral, potent, small-molecule investigational agent designed to selectively bind to and inhibit mutated IDH1 enzymes. This targeted treatment has the potential to provide therapeutic benefit by reducing 2-HG levels and restoring normal cellular differentiation. With the conclusion of the Phase 2 R/R AML trial, Forma has begun preparing a new drug application (NDA) for submission to the U.S. Food and Drug Administration (FDA).

IDH1 is a natural enzyme that is part of the normal metabolism of all cells; when mutated, its activity can promote blood malignancies and solid tumors. IDH1 mutations are present in 6-8% of patients with AML and as many as 70 to 80% of patients with grade II/III gliomas and secondary glioblastoma. In gliomas, IDH1 mutations occur early in the tumor pathogenesis and persist throughout progression from a neural stem or progenitor cell. Gliomas are the most common, aggressive and difficult-to-treat primary brain tumors, and high-grade gliomas are associated with poor long-term prognosis. Treatment options for relapsed glioma are limited.

About Forma Therapeutics

Forma Therapeutics is a clinical-stage biopharmaceutical company focused on the research, development and commercialization of novel therapeutics to transform the lives of patients with rare hematologic diseases and cancers. Our R&D engine combines deep biology insight, chemistry expertise and clinical development capabilities to create drug candidates with differentiated mechanisms of action focused on indications with high unmet need. Our work has generated a broad proprietary portfolio of programs with the potential to provide profound patient benefit. For more information, please visit www.FormaTherapeutics.com or follow us on Twitter @FORMAInc and LinkedIn.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding our beliefs and expectations regarding: interim data analysis for olutasidenib in the Phase 2 trial in R/R AML; the therapeutic potential and clinical benefits and safety related to olutasidenib; whether interim results from our clinical trials are predictive of final trial results or future clinical studies; our planned presentation of data at ASCO; and planned regulatory submissions, including the preparation and submission of an NDA for olutasidenib with the FDA. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by anyforward-looking statements contained in this press release, including, without limitation, those risks and uncertainties related our ability to execute on our strategy; the finalization of our Phase 2 study in R/R AML and final audit and quality controlled verification of interim data and related analyses; positive results from interim data analyses may not be predictive of final results; risks related to our planned regulatory submissions and developments; and other risks identified in our SEC filings, including those risks discussed under the heading “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, as well as other risks detailed in our subsequent filings with the SEC. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent our views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date. We explicitly disclaim any obligation to update any forward-looking statements.

Media:

Adam Silverstein, +1 917-697-9313

Porter Novelli

[email protected]

Investor:

Mario Corso, +1 781-366-5726

Forma Therapeutics

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Research Clinical Trials Biotechnology Other Health Health Pharmaceutical Other Science Science Oncology

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Valmont Hosts 2021 Virtual Investor Day

Valmont Hosts 2021 Virtual Investor Day

OMAHA, Neb.–(BUSINESS WIRE)–
Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today will host its virtual Investor Day beginning at 8:30 a.m. Eastern Time.

Stephen G. Kaniewski, President and Chief Executive Officer, Avner M. Applbaum, Executive Vice President and Chief Financial Officer, and other members of the senior management team will provide an in-depth review of the Company’s business drivers and long-term growth strategies, including innovation through new products and technology, ESG initiatives and capital allocation.

“We are excited to host Valmont’s 2021 Investor Day and provide an update on our accomplishments since our 2018 Investor Day, in addition to providing a deeper understanding of how our management team is accelerating technology and innovation, ESG and operational excellence across the organization. We have strong momentum and are well-positioned to execute against our strategy and drive long-term stakeholder value creation,” said Mr. Kaniewski.

Today, the Company is raising its full-year 2021 diluted EPS guidance from $9.00 – $9.70 to $9.30 – $10.00. In addition, the Company is defining its 3 – 5 Year Financial Targets.

Raising 2021 EPS Outlook

  • Net Sales estimated to increase 9 – 14% vs. prior year
  • Irrigation segment sales estimated to increase 27 – 30% vs. prior year
  • Diluted Earnings per Share estimated to be $9.30 – $10.00

Defining 3 – 5 Year Financial Targets (from Base Year 2020)

  • Revenue CAGR of 7 – 12%
  • Operating Margin of >12%
  • EPS CAGR of 13 – 15%
  • Return on invested Capital (ROIC) of >11%
  • Free Cash Flow Conversion of >1.0x Net Earnings (over the 5-year period) 

Event Webcast Details

A live webcast of the presentations, including two question and answer sessions, will begin at 8:30 a.m. Eastern Time and conclude at approximately 12:30 p.m. The presentations and webcast can be accessed from the Valmont 2021 Investor Day Event Site. Registration for the live event is required and can be completed on the Registration Site. A replay of the webcast will be available on the Investor Relations webpage following the event.

About Valmont Industries, Inc.

Valmont® is a global leader, designing and manufacturing highly engineered products and services that support global infrastructure development and agricultural productivity. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.

Concerning Forward-Looking Statements

This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management’s perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont’s control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont’s actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, the continuing and developing effects of COVID-19 including the effects of the outbreak on the general economy and the specific economic effects on the Company’s business and that of its customers and suppliers, risk factors described from time to time in Valmont’s reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.

Renee Campbell

+1 402.963.1057

KEYWORDS: Nebraska United States North America

INDUSTRY KEYWORDS: Alternative Energy Construction & Property Energy Manufacturing Technology Other Transport Agriculture Natural Resources Transport Telecommunications Landscape Public Transport Utilities Other Construction & Property Engineering

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GenCell Schedules Investors Conference to Provide Business Update for the Period January – May 2021

PR Newswire

PETAH TIKVA, Israel, May 20, 2021 /PRNewswire/ — GenCell Energy, (TASE: GNCL), a leading Israeli-based manufacturer of fuel cell energy solutions, will conduct an investors conference to provide a business update about the Company’s activities and operations for the period January – May 2021.

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The Company’s CEO, Mr. Rami Reshef, and its CFO, Mr. Yossi Salomon, will host the conference and present Company updates and developments for the period of January – May 2021.

The Company will hold an Investors Conference in English on Monday, May 24th. 2021, at 11:00 AM ET (16:00 UK, 18:00 IL time) via the ZOOM app using the following link: https://us02web.zoom.us/j/4553442793?pwd=cTg0VkZkbEdrOUZRQjFYZjZRSXJTUT09

Download here the presentation that will accompany the Investors Conference.

About GenCell Energy

GenCell Energy (TASE: GNCL) fuel cell solutions offer affordable, clean power for humanity, enabling businesses to Say No to Diesel and render diesel generators obsolete. Using ultra-reliable fuel cell technology that powers spacecraft, we deliver backup power for utilities, homeland security, healthcare and automated industries. Our revolutionary process to create hydrogen-on-demand from anhydrous ammonia (NH3) enables our fuel cell solutions to also provide primary power for off-grid and poor-grid sites, as well as rural electrification. GenCell Energy numbers more than 90 employees, including veterans of space and submarine projects. The company is headquartered in Israel with a worldwide distribution and support network and retains unique intellectual property that includes patents, trade secrets and know-how.

The Investors Conference does not replace the need to review the Company’s immediate and periodic reports, which also include forward-looking information as defined in the Securities Law, 5728-1968. This immediate report does not constitute an offer to buy or sell or an invitation to accept offers to purchase any securities of the Company.

For additional information, visit: www.gencellenergy.com , follow us on Twitter or visit our official Youtube channel.

Contact:

Shelli Zargary,
Marketing Manager, GenCell Energy
Tel: +972 54 5617161
[email protected]

Logo: https://mma.prnewswire.com/media/1500178/GenCell_logo_Logo.jpg

Cision View original content:http://www.prnewswire.com/news-releases/gencell-schedules-investors-conference-to-provide-business-update-for-the-period-january—may-2021-301295859.html

SOURCE GenCell Energy

Customer Experience and Reputation Program BrokersUnited Opens Waitlist Registration

San Ramon, May 20, 2021 (GLOBE NEWSWIRE) — BrokersUnited, a technology consortium designed to help brokers grow their business and improve their customer experience, today announces that after a successful initial pilot with hundreds of brokers, is re-opening the waitlist for new member requests. Individual brokers and wholesale lenders can now visit BrokersUnited.com to request access to join, which includes free broker access to #1 mortgage CX and reviews platform, Experience.com, and customer experience insights and benchmarking to participating lenders.

BrokersUnited was launched in late 2020 to ensure all brokers have access to best-in-class technology and a collective voice to establish a consistent borrower experience with their wholesale lenders. Until now, brokers have been at a disadvantage to large lenders who have access to enterprise-grade and best-of-breed technology platforms, and they are on the hook for a borrower experience that is often controlled by their wholesale lenders. BrokersUnited is dedicated to bridging this gap so mortgage brokers can deliver on their promise to provide the best borrower experience.

Since launch, BrokersUnited has processed tens of thousands of transactions and sent nearly 1,000 surveys to gather CX data and improve local search rankings for the initial pilot group. “As an independent mortgage broker, Experience.com has always been out of reach because it has been an enterprise tool. As I open my own shop, I’m really excited about how this will help me grow my business,” said Rich Hayden, Broker and Owner of Hayden Home Mortgage. 

“We’re all stronger when we work together to achieve great things,” said Dave Schroeder, EVP of Wholesale Lending at Caliber Home Loans. “That’s really the value of BrokersUnited. The objective of this collaboration is supporting the growth of the broker channel through optimization of customer experience, marketing of their business, and collaborating with lenders to develop solutions from the insights gained.”  

BrokersUnited also brought in industry leader, Kristin Messerli, as the Program Director earlier this year. In addition to growing the broker and lender partner community, Messerli and team are actively collaborating with other enterprise technology partners to deliver more value to the BrokersUnited broker network this year. 

“Together, we are building a platform that will empower brokers through tools, technology and partnerships,” says Messerli. “We are so excited to open this up to all brokers and lenders that want to participate in this transformative venture.” 

 To learn more about BrokersUnited and join the program, visit brokersunited.com.

About BrokersUnited

BrokersUnited is a strategic consortium between mortgage lenders and brokers, launched by a group of major wholesale mortgage lenders and technology companies. The mission of BrokersUnited is to boost the visibility of mortgage brokers by collecting and sharing CX feedback. Members of BrokersUnited have access to industry-leading enterprise CX and reputation management tools, regardless of company size. Launched in 2020. For more information or to join, visit www.brokersunited.com.



Press Team
BrokersUnited
925 359 9655
[email protected]

Sokoman Announces Strategic Alliance with Benton Resources to Acquire Gold Opportunities in Newfoundland

Sokoman Announces Strategic Alliance with Benton Resources to Acquire Gold Opportunities in Newfoundland

Joint Venture Arrangement to Include Newly Acquired Golden Hope and Kepenkeck Properties

ST. JOHN’S, Newfoundland and Labrador–(BUSINESS WIRE)–
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that it has entered into a strategic alliance with Benton Resources Inc. (“Benton”) (TSXV: BEX) to jointly acquire and explore gold opportunities in Newfoundland. The partners are also pleased to announce the acquisition, by staking, of the 3,146 claim (78,650 hectares) Golden Hope Joint Venture (“Golden Hope JV” or the “Property”) in south-central Newfoundland, one of the largest gold properties on the Island. (See map attached).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210520005319/en/

Sokoman's Property Locations (Photo: Business Wire)

Sokoman’s Property Locations (Photo: Business Wire)

The Property covers extensions of two major structures linked to significant gold prospects and deposits in southern Newfoundland. Rock units and structures on the Property are likewise related to those associated with new orogenic gold discoveries in central Newfoundland, including Sokoman’s 100%-owned Moosehead Project and New Found Gold’s Queensway Project. The alliance will also include a 50-50 Joint Venture on Benton’s recently acquired Kepenkeck Gold Property, which, like the Golden Hope JV, lies along trend from Canstar Resources’ Golden Baie Property in the Central Newfoundland Gold Belt (see Benton Resources news release dated May 6, 2021).

The newly staked Golden Hope JV lies at the northwest edge of the Hermitage Flexure, the predominant geological feature of the south Newfoundland Appalachians. The western Hermitage Flexure is a structurally complex region with a diverse mineral endowment. The most prominent structures on the Property, and the focus of imminent exploration, are a linked system of west-verging thrust faults (Bay D’Est Fault Zone) and a transverse, wrench fault system (Gunflap Hills Fault Zone). These types of fault zones can be gold-bearing, and correlative rocks and structures elsewhere in Newfoundland are a prime focus of ongoing gold exploration and the site of major gold discoveries (e.g. Central Newfoundland Gold Belt). Historical exploration by major companies in the western Hermitage Flexure region led to the major gold discoveries at Hope Brook and Cape Ray, currently under advancement by First Mining/Big Ridge Gold and Matador Mines respectively, and spurred the first systematic gold exploration in northern and central Newfoundland. However, outside of these discoveries, the remainder of the west-central Hermitage Flexure remains underexplored, despite known occurrences of gold, the presence of unsourced till, soil and stream sediment geochemical anomalies, and the first-order commonalities and linkages between southern and central Newfoundland. The Golden Hope JV is transected by the paved Burgeo highway and a major power transmission line. Additional details will follow after the compilation of the previous work has been completed.

On the recently optioned Kepenkeck Project, consisting of 595 claim units over 15,625 hectares located near the NE extension of the Hermitage Flexure and along trend from Canstar Resources’ Golden Baie Project, Benton and Sokoman will share the cost of option payments and exploration cost (50-50) and initial exploration will commence shortly. Benton and Sokoman are excited to have acquired the project which has new road access, little historical work, and favourable geology located on a major structure. Recent prospecting completed by the vendor (the Keats) identified up to 2.45 g/t gold in grab samples, and visible gold has been panned from till in two locations on the property. The companies will apply for work permits immediately.

The new alliance with Benton provides Sokoman shareholders with an excellent opportunity to reduce exploration risk, employ the technical expertise of Benton, further strengthen Sokoman’s project portfolio while retaining a focus on Moosehead and Fleur de Lys.

WEBINAR ANNOUNCEMENT

Sokoman Minerals Corp. and Benton Resources Inc. will host a joint webinar next Thursday, May 27 at 2 pm EST to go over the details of the new strategic alliance. Investors can sign up using the following registration link: https://onlinexperiences.com/Launch/QReg/ShowUUID=DE93F551-FCF4-4FB3-9102-6B8791B1FBC1

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a “Qualified Person” under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

COVID-19 Protocols

To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The Company’s primary focus is its portfolio of gold projects: Moosehead, Crippleback Lake and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the recently-acquired district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. Sokoman controls one of the largest land holdings in Newfoundland with more than 50,000 hectares (250 km2) of highly prospective ground in Canada’s newest and rapidly emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.

Timothy Froude, P.Geo., President & CEO

709-765-1726

[email protected]

Cathy Hume, Director, Investor Relations

416-868-1079 x251

[email protected]

Website: www.sokomanmineralscorp.com

Twitter: @SokomanMinerals

Facebook: @SokomanMinerals

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Natural Resources Other Natural Resources Mining/Minerals

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Sokoman’s Property Locations (Photo: Business Wire)