WRAP Announces Milestone First Subscription Agreement for Virtual Reality Training

Pennsylvania’s Northern York County Regional Police Signs Five-Year Subscription to WRAP Reality

TEMPE, Ariz., April 01, 2021 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced its first five-year pre-paid subscription sale, with a renewal option after 5 years, to WRAP Reality’s Virtual Reality training simulator to Northern York County Regional Police Department (NYCRPD) in Pennsylvania.

WRAP Reality is a simulation-based training platform for law enforcement officers. Its virtual reality police training brings real-world situations into the virtual space, transporting a trainee to a back alley, a living room, or a car stop. This allows law enforcement agencies the ability to replicate real-world scenarios in a fully-immersive, 360-degree simulated environment. The goal of implementing this type of program is to help officers better prepare for daily interactions with their community.

“The Northern York County Regional Police Department is excited to integrate WRAP Reality VR into our training regimen,” said NYCRPD Chief David Lash. “The 360-degree immersive experience of WRAP Reality is far superior to the projection screen-based simulator we previously utilized. Because we have many young police officers in our department, the ability to move and take cover, look under or over objects, and face threats from all directions allows us to put our officers into stressful situations under controlled conditions. The system’s portability and easy setup will allow us to use it as a community engagement tool and for our Police Explorers program. In addition to training our current police officers, we plan to implement the system during our hiring process as an additional way to evaluate our candidates’ abilities. 

“Through the WRAP Reality subscription model, we are now able to introduce new and challenging scenarios to our officers while also controlling our costs. In evaluating competing systems, we found that the cost of a five-year subscription agreement was far less than the upfront costs associated with other screen-based simulators. Factoring in the ongoing sustainability costs of these other products, WRAP’s subscription model provides us better training at a fraction of the cost. When WRAP Reality was introduced to our community partners and foundations, they were so impressed with the capabilities of the system and our plans for its use that they provided us with the funding for a five-year subscription,” added Chief Lash.

Additionally, NYCRPD recently announced the completion of a successful pilot program of the BolaWrap and has decided to move forward with outfitting all its patrol officers with BolaWrap devices.

“Our goal is to provide a de-escalation platform for first responders through the combination of the BolaWrap remote restraint devices and WRAP Reality’s virtual training,” said Tom Smith, CEO and President of WRAP. “We are excited to support NYCRPD as the first agency to purchase WRAP Reality’s subscription offering along with the BolaWrap devices, which provide solutions for law enforcement to provide better training and tools to help create safer outcomes.”

About WRAP

WRAP Technologies (Nasdaq: WRAP) is a global leader in innovating public safety technologies and services that deliver advanced solutions focused on avoiding escalation. The BolaWrap® Remote Restraint device, WRAP’s first product, is a patented, hand-held device that discharges a Kevlar® tether to temporarily restrain from a safe distance. Through many field uses and growing adoption by agencies worldwide, BolaWrap is proving to be an effective tool to safely detain persons without injury. WRAP Reality, the Company’s virtual reality training system, is an immersive training simulator and comprehensive public safety training platform designed to empower first responders with the necessary knowledge to perform in the field. WRAP’s headquarters are located in Tempe, Arizona. For more information, please visit wrap.com.

Follow WRAP here:

WRAP on Facebook: https://www.facebook.com/wraptechnologies/
WRAP on Twitter: https://twitter.com/wraptechinc
WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/

Trademark Information

BolaWrap, Wrap and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements – Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to: statements regarding the Company’s overall business; total addressable market; and, expectations regarding future sales and expenses. Words such as “expect”, “anticipate”, “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company’s ability to successful implement training programs for the use of its products; the Company’s ability to manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the ability to obtain export licenses for counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
[email protected] 



Infosys to Announce Fourth Quarter and Annual Results on April 14, 2021

PR Newswire

BENGALURU, India, April 1, 2021 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, will announce results for its fourth quarter and year ended March 31, 2021 on Wednesday, April 14, 2021 around 3:45 p.m. Indian Standard Time (IST) (6:15 a.m. US ET; 3:15 a.m. PST; 11:15 a.m.London time; 6:15 p.m.Singapore/Hong Kong time). The results will also be available on www.infosys.com.

Infosys

Common press conference (Hosted virtually)

(4:30 p.m. IST; 7:00 a.m. ET)

Following the release, the leadership team will be part of a common press conference at 4:30 p.m. IST. The participating executives will address questions from the media during this interaction, which will be streamed live on the Investor Relations section of Infosys website, following which it will be archived at www.infosys.com. The archive will be available after 7:00 p.m. IST on April 14, 2021 (after 9:30 a.m. US ET on April 14, 2021). In addition, a transcript of the conference will be available at www.infosys.com.

Earnings call

(6:00 p.m. IST; 8:30 a.m. ET)

The company will conduct a single 60-minute conference call at 6:00 p.m. IST (8:30 a.m. US ET; 5:30 a.m. PST; 1:30 p.m.London time; 8:30 p.m.Singapore/Hong Kong time) on April 14, 2021 (open to investors/analysts in all regions), where the senior management will discuss company’s performance and answer questions from participants. To participate in the conference call, please dial the numbers provided below 10 – 15 minutes before the scheduled start time of the call. During this time, the operator will provide instructions on how to ask questions. Alternatively, you can also pre-register yourself using the DiamondPass™ link provided below which will enable you to connect to the conference call without having to wait for an operator. As participation in the call is limited, early registration is encouraged.

This event will be webcast live on the Investor Relations section of Infosys website, following which it will be archived at www.infosys.com. The archive will be available after 8:30 p.m. IST on April 14, 2021 (after 11:00 a.m. US ET on April 14, 2021). In addition, a transcript of the conference call will be available at www.infosys.com.

Summary of events


Event


Date and Time


Website/ Region


Telephone No.


Earnings release over the wire services

3:45 p.m. IST

6:15 a.m. ET

April 14, 2021


www.infosys.com


Common press conference (Hosted virtually)

4:30 p.m. IST

7:00 a.m. ET

April 14, 2021


www.infosys.com

Dial-in details to be shared
with participants


Event


Date and Time


Web-site/ Region


Telephone No.


Earnings conference call

(open for questions from investors / analysts in all regions)

6:00 p.m. IST

8:30 a.m. ET

April 14, 2021

Questions during the call
can be addressed to [email protected]

DiamondPass™ registration link


https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=5985781&linkSecurityString=13ae18673d

India


Toll, Mumbai:


+91 22 6280 1168

+91 22 7115 8069

US


Toll-free: 

1 866 746 2133


Toll Number:

+1 323 386 8721

Singapore


Toll-free: 

800 101 2045


Toll-number: 

+65 3157 5746

Hong Kong

Toll-free:

800 964 448 


Toll Number:

+852 3018 6877

Japan


Toll Free:

0053 116 1110


Toll Number:

+81 3 4589 9421

UK


Toll Free:

0 808 101 1573


Toll Number:

+44 203 478 5524

Germany


Toll-free: 

00 8001 424 3444

Canada


Toll- free:

011 8001 424 3444

France


Toll-free: 

0 800 914 745


Replay of conference call

Till April 21, 2021


www.infosys.com


Toll-free, USA:

1 833 289 8317


International toll:

+ 1 347 974 7488


Toll, Mumbai/India:

+91 22 7194 5757

+91 22 6663 5757


Playback code: 4637#


About Infosys Ltd.

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

 

Cision View original content:http://www.prnewswire.com/news-releases/infosys-to-announce-fourth-quarter-and-annual-results-on-april-14-2021-301260670.html

SOURCE Infosys

Maxeon Solar Technologies Announces Hire of Senior Executive Ralf Elias to Lead its Distributed Generation Growth “Beyond the Panel”

Company intensifies focus on expanding its global Distributed Generation business

PR Newswire

SINGAPORE, April 1, 2021 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that Ralf Elias will join Maxeon as its Executive Vice President and Global Head of Distributed Generation (DG) Products on July 1, 2021. As a senior member of the executive team, Elias will report directly to Maxeon’s CEO Jeff Waters. In this newly created role, he will be responsible for leading Maxeon’s strategy to expand its DG business to go ‘Beyond the Panel’ – leveraging the company’s trusted brand and unique global dealer channels to develop and market system solutions to complement its industry-leading panels.

“I am very pleased to welcome an experienced executive of Ralf’s caliber to the Maxeon team,” said Jeff Waters, CEO of Maxeon Solar Technologies. “As a recognized business leader who has spent most of his career guiding technology innovation, Ralf’s deep experience in consumer facing product solutions and comprehensive Internet of Things (IOT) ecosystem expertise will help Maxeon significantly accelerate our Beyond the Panel strategy. The creation of this role reflects our commitment to accelerating the development of our DG business, and specifically highlights our focus on providing our customers with complete smart energy solutions that enable them to continue Powering Positive Change. We see this as a source of significant future growth for Maxeon.”

Elias brings more than two decades of executive experience to Maxeon, including serving as Global Vice President IOT/Global Business Development and Partnerships at Samsung Electronics. In this role, Elias led global IOT products and services business development across all consumer markets, building an ecosystem and roadmap of partnerships across digital, hardware and services. Prior to that, Elias worked for fourteen years in various management roles with increasing responsibility at Vodafone Group, where he became Group Head of Products and Innovation, and General Manager Product Development. At Vodafone, his core focus was creating world leading mass-market experiences around mobile, fixed/ broadband, and IOT product propositions by combining and bringing together hardware, software and services. He led numerous engineering and commercial projects for add-on services culminating in the development of the global SMART HOME and Consumer IOT strategy, experience and execution.

“I always felt grateful in building products for a better tomorrow and giving ‘purpose to technology’. That journey started way back at Vodafone where I first encountered smart energy as a key theme and customer value proposition when my team was building on the ‘Samsung SmartThings’ platform, and that sparked my interest in renewables,” said Ralf Elias. “I’m proud to join Maxeon and its dedicated team at such an important time in the global energy transition, and to be able to apply my experience to developing energy solutions that enable our customers to continue Powering Positive Change and promote a more sustainable future. I believe that Maxeon’s industry leading solar panel technology, brand and go-to-market channels provide a very strong platform for further development of its DG business.”

For more on the Maxeon’s full leadership team, click here.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide except the United States and Canada. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,100 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the timing and the company’s expectations of success in its expansion strategy in existing and in new markets. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time, including our Form 20-F, which was declared effective by the SEC on August 4, 2020, particularly under the heading “Item 3.D. Risk Factors.” Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

© 2021 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit
www.maxeon.com/trademarks
 for more information.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/maxeon-solar-technologies-announces-hire-of-senior-executive-ralf-elias-to-lead-its-distributed-generation-growth-beyond-the-panel-301260262.html

SOURCE Maxeon Solar Technologies, Ltd.

IIROC Trading Halt – TZR.DB

Canada NewsWire

VANCOUVER, BC, April 1, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Terrace Energy Corp.

TSX-Venture Symbol: TZR.DB

All Issues: No

Reason: Pending Delisting

Halt Time (ET): 8:00 AM

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

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

MassRoots CEO to Participate in the Benzinga Cannabis Hour Today, April 1, 2021, at 4:00 PM ET

MassRoots CEO to Participate in the Benzinga Cannabis Hour Today, April 1, 2021, at 4:00 PM ET

Topics are expected to include New York’s recent legalization of cannabis for adult-use and likely Congressional action to reform federal cannabis policies

DENVER–(BUSINESS WIRE)–
MassRoots, Inc. (“MassRoots” or the “Company”) (OTC:MSRT), a technology company focused on the regulated cannabis industry, today announced that Isaac Dietrich, Chief Executive Officer of MassRoots, will appear as a special guest on the Benzinga Cannabis Hour, a weekly online show that brings together top executives, entrepreneurs, and experts to discuss the latest news and business trends in the cannabis industry.

The one-hour program will be streamed live today, Thursday, April 1, 2021, at 4:00 PM Eastern Time, with a replay available on most major podcast hosting platforms shortly thereafter. For more information or to watch live, please visit: https://www.benzinga.com/events/cannabis/cannabis-hour/.

About MassRoots

MassRoots, Inc. (OTC Pink: MSRT) is a leading media company focused on the regulated cannabis industry, with a significant following and traffic across its online and social media platforms. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. For more information on MassRoots, please visit MassRootsInvestors.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Isaac Dietrich

(303) 816-8070

[email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Alternative Medicine Online Retail Tobacco Health General Health Specialty Online Entertainment Communications Social Media Retail

MEDIA:

Logo
Logo

Alithya Adds C$600 Million Backlog Through Closing of Acquisition of R3D Conseil

PR Newswire


Set to create 350 new strategic IT jobs

MONTREAL, April 1, 2021 /PRNewswire/ – Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) (“Alithya”) is pleased to confirm the closing of its previously announced acquisition of R3D Conseil Inc. (“R3D Conseil”), a private digital solutions firm. This transformative transaction includes commercial commitments totalling approximately C$600 million in combined revenues during the initial 10-year term agreements. This represents annual minimum volume commitments of C$60 million, which firms up approximately C$25 million of existing volume and adds approximately C$35 million of new business, mainly in digital transformation and high added-value areas.

With nearly 600 new Québec-based professionals from R3D Conseil and at least 350 jobs to be created as a result of the transaction, Alithya will now surpass 3,000 professionals, making it one of Canada’s largest digital transformation firms and the largest Québec-based technology firm listed on NASDAQ.


Paul Raymond, President and Chief Executive Officer, Alithya:
“We are delighted to welcome 600 new professionals and to create at least 350 jobs in digital transformation as well as creating a Digital Center of Excellence in the insurance industry to service the growth in that sector. The C$600 million long-term commercial agreements and current initiatives will provide our professionals with stimulating projects which have already begun to take shape. The integration should be completed in the coming months, allowing us to pursue the strong acquisition strategy laid out in our strategic plan.”

R3D Conseil’s operations are highly complementary and will integrate seamlessly into Alithya’s current structure, allowing for short and mid-term synergies. The transaction will be immediately cash flow positive, reducing Alithya’s debt to adjusted EBITDA ratio and pointing to further deleveraging of Alithya’s balance sheet.

Subject to customary post-closing purchase price adjustments, the purchase price was paid by the issuance of 25,182,676 Class A subordinate voting shares of Alithya to R3D Conseil’s shareholders, which represents approximately 30% of Alithya’s issued and outstanding shares immediately following the closing of the transaction.

Alithya financed the debt assumed as part of the transaction using its existing $60 million credit facility led by The Bank of Nova Scotia and including Desjardins Capital Markets.

About Alithya
Alithya is a North American leader in strategy and digital transformation. The company employs more than 3,000 professionals in Canada, the United States and Europe. Alithya’s integrated offer is based on four pillars of expertise: business strategies, enterprise solutions, application services, and data and analytics. Alithya deploys leading-edge solutions, services and skills to develop tools designed to meet the unique needs of customers in a variety of sectors, including financial services, manufacturing, renewable energy, telecommunications, transport and logistics, professional services, healthcare and government.

Caution regarding forward-looking statements
This press release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other applicable U.S. safe harbours (collectively “forward-looking statements”), including, but not limited to, statements with respect to the anticipated benefits of the transaction. Statements that do not exclusively relate to historical facts, as well as statements relating to management’s expectations regarding the future growth, results of operations, performance and business prospects of Alithya, and other information related to Alithya’s business strategy and future plans or which refer to the characterizations of future events or circumstances represent forward-looking statements. Such statements often contain the words “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “could,” “would,” “will,” “may,” “can,” “continue,” “potential,” “should,” “project,” “target,” and similar expressions and variations thereof, although not all forward-looking statements contain these identifying words.

Forward-looking statements are presented for the sole purpose of assisting investors and others in understanding Alithya’s objectives, strategies and business outlook and may not be appropriate for other purposes. Although management believes the expectations reflected in Alithya’s forward-looking statements were reasonable as at the date they were made, forward-looking statements are based on the opinions, assumptions and estimates of management and, as such, are subject to a variety of risks and uncertainties and other factors, many of which are beyond Alithya’s control, and which could cause actual events or results to differ materially from those expressed or implied in such statements. Such risks and uncertainties include, but are not limited to, the possible failure to realize anticipated benefits of the transaction, including potential synergies, the integration of R3D Conseil’s business, the loss of certain key personnel and clients of R3D Conseil, potential undisclosed costs or liabilities associated with the transaction and other risks and uncertainties discussed in the section titled “Risks and Uncertainties” of Alithya’s Management’s Discussion and Analysis for the quarter ended December 31, 2020 and Management’s Discussions and Analysis for the year ended  March 31, 2020, as well as in Alithya’s other materials made public, including documents filed with Canadian and U.S. securities regulatory authorities from time to time and which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Additional risks and uncertainties not currently known to Alithya or that Alithya currently deems to be immaterial could also have a material adverse effect on its financial position, financial performance, cash flows, business or reputation.

Forward-looking statements contained in this press release are qualified by these cautionary statements and are made only as of the date of this press release. Alithya expressly disclaims any obligation to update or alter forward–looking statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by applicable law. Investors are cautioned not to place undue reliance on forward-looking statements since actual results may vary materially from them.

Cision View original content:http://www.prnewswire.com/news-releases/alithya-adds-c600-million-backlog-through-closing-of-acquisition-of-r3d-conseil-301260662.html

SOURCE Alithya

Collection Sites, LLC Named AditxtScore™ Channel Partner to Offer AditxtScore™ for COVID-19 Immunity Status Monitoring through its Mobile Testing Centers

PR Newswire

MOUNTAIN VIEW, Calif., April 1, 2021 /PRNewswire/ — Aditx Therapeutics, Inc. (Aditxt) (the “Company”) (Nasdaq: ADTX), a biotech innovation company focused on improving the health of the immune system, today announced that Collection Sites, LLC will offer AditxtScore™ for COVID-19 through its mobile testing centers.  Collection Sites, LLC is owned and operated by Medivolve Inc. (“Medivolve”) (NEO:MEDV; OTC:COPRF; FRA:4NC).

Collection Sites, LLC provides testing programs to various organizations and customers in different industries, including entertainment, travel, and education. As an AditxtScore™ Channel Partner, Collection Sites, LLC will now offer its customers AditxtScore™ for COVID-19 as an immune monitoring service. Collection Sites, LLC can implement the test with current staff and no additional investment. Specimens collected by Collection Sites will be sent to, and processed at, Aditxt’s CLIA-certified AditxtScore™ Center.

“We welcome Collection Sites, LLC as an AditxtScore™ Channel Partner and we look forward to working with their team to expand the availability of AditxtScore™ for COVID-19 through their mobile testing centers,” said Amro Albanna, co-Founder and CEO of Aditxt.

“As the rollout of COVID-19 vaccines progress across the United States, people are going to want to monitor their immunity levels regularly,” added Medivolve CEO, Doug Sommerville. “This will be one of the many ongoing services offered through our future telehealth sites as immune responsiveness will be top of mind for people for the foreseeable future. We are excited to be able to bring this testing modality to our customers and believe it will be a significant revenue contributor over the coming now and in the future.”

For more information on AditxtScore™ and how it can bolster your COVID-19 testing efforts, visit www.aditxtscore.com  

About Aditx Therapeutics
Aditxt is developing technologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming. The immune monitoring technology is designed to provide a personalized comprehensive profile of the immune system. The immune reprogramming technology is currently at the pre-clinical stage and is designed to retrain the immune system to induce tolerance with an objective of addressing rejection of transplanted organs, autoimmune diseases, and allergies. For more information, please visit: www.aditxt.com

About Medivolve Inc.
Medivolve Inc. (NEO:MEDV; OTC:COPRF; FRA:4NC)  seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. Specifically, Medivolve offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment. Medivolve has a team of renowned global medical and business advisors that have developed a proprietary business strategy to capitalize on high-margin opportunities in the COVID-19 space.  Medivolve’s primary focus is to provide convenient and assessable medical services for testing of the COVID-19 virus to help combat the pandemic. For more information, please visit www.medivolve.ca.

Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements regarding the Company’s intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the Company’s ongoing and planned product development; the Company’s intellectual property position; the Company’s ability to develop commercial functions; expectations regarding product launch and revenue; the Company’s results of operations, cash needs, spending, financial condition, liquidity, prospects, growth and strategies; the industry in which the Company operates; and the trends that may affect the industry or the Company. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, as well as those risks more fully discussed in the section entitled “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in the Company’s subsequent filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/collection-sites-llc-named-aditxtscore-channel-partner-to-offer-aditxtscore-for-covid-19-immunity-status-monitoring-through-its-mobile-testing-centers-301260470.html

SOURCE Aditx Therapeutics, Inc.

New England Journal of Medicine Publishes 24-Week Results from Phase 3 Study Evaluating RINVOQ™ (upadacitinib) in Psoriatic Arthritis

– In SELECT-PsA 1, RINVOQ™ (upadacitinib, 15 mg and 30 mg) improved key joint and skin symptoms up to 24 weeks, including enthesitis[1]

– Both doses of upadacitinib significantly improved fatigue compared to placebo at week 12[1]

– Results build on previously announced topline results with safety data through week 24 that are generally similar to the known safety profile of upadacitinib in rheumatoid arthritis[1,2]

PR Newswire

NORTH CHICAGO, Ill., April 1, 2021 /PRNewswire/ — AbbVie (NYSE: ABBV) today announced that the New England Journal of Medicine has published 24-week results from the Phase 3 SELECT-PsA 1 trial evaluating RINVOQ (upadacitinib, 15 mg and 30 mg) in adults with active psoriatic arthritis who had responded inadequately or were intolerant to one or more non-biologic disease modifying anti-rheumatic drugs (DMARDs).1 These data build on previously announced Phase 3 topline results showing that upadacitinib 15 mg and 30 mg met the primary endpoint of ACR20 response at week 12 versus placebo as well as key secondary endpoints.1 

“These data show upadacitinib’s potential to improve clinical and radiographic outcomes for people with psoriatic arthritis, a complex and progressive autoimmune disease,” said Thomas Hudson, MD, senior vice president, research and development, chief scientific officer, AbbVie. “Ultimately, our goal is to help more patients achieve disease control and relief from their most bothersome joint and skin symptoms that can impact their daily lives.”

Recently, the European Commission (EC) approved RINVOQ (15 mg) for use in adults with active psoriatic arthritis. Use of RINVOQ in psoriatic arthritis is not approved and its safety and efficacy are under evaluation by regulatory authorities in the United States.

Efficacy results for ranked secondary endpoints not previously reported include:1*

  • A significantly higher percentage of patients taking upadacitinib 15 mg and 30 mg (54 and 58 percent, respectively) achieved resolution of enthesitis (Leeds Enthesitis Index (LEI)=0) compared to those taking placebo (32 percent) at week 24 (p<0.001 for both doses); 47 percent of patients achieved resolution of enthesitis in the adalimumab group.
  • Patients taking upadacitinib 15 mg and 30 mg (6.3 and 7.1 mean change from baseline, respectively) saw an improvement in fatigue compared to patients taking placebo (2.8) at week 12 (p<0.001 for both doses), as measured by the Functional Assessment of Chronic Illness Therapy-Fatigue (FACIT-F) scale, which continued to improve through week 24; patients in the adalimumab group saw an improvement (5.7) at week 12.
  • At week 16, significantly more patients achieved a score of 0 or 1 and at least a 2-point improvement in the static Investigator Global Assessment of psoriasis (sIGA) with the 15 mg and 30 mg doses of upadacitinib (42 and 54 percent, respectively) versus placebo (11 percent, p<0.001 for both doses); 39 percent of patients in the adalimumab group.
  • Inhibition of radiographic progression, as measured by the modified total Sharp/van der Heijde Score (mTSS) at week 24, was observed with both doses of upadacitinib (-0.04 for the 15 mg dose, p<0.001, and 0.03 for the 30 mg dose, p=0.007), compared to placebo, which showed an increase of 0.25; 0.01 was observed in the adalimumab group.
  • At week 24, 77 percent and 80 percent of patients taking 15 mg and 30 mg of upadacitinib, respectively, achieved resolution of dactylitis (Leeds Dactylitis Index (LDI)=0) compared to 40 percent of patients taking placebo (nominal p-values <0.001; comparison not multiplicity controlled); 74 percent of patients achieved resolution of dactylitis in the adalimumab group.

* Comparison to adalimumab for these endpoints was not multiplicity-controlled.

“Psoriatic arthritis is a chronic, painful autoimmune disease,” said Iain McInnes, Professor of Medicine and Versus Arthritis Professor of Rheumatology at University of Glasgow, UK, and the lead study author. “I am encouraged by these results showing that upadacitinib can improve outcomes for people living with psoriatic arthritis who are facing the potentially debilitating impact of joint and skin symptoms, along with other debilitating challenges like fatigue.”

The safety profile of upadacitinib was generally similar to results reported previously in rheumatoid arthritis trials.1,2 Through 24 weeks, rates of treatment-emergent adverse events (AEs) and serious AEs were similar between 15 mg of upadacitinib and 40 mg of adalimumab, but were more frequent with upadacitinib 30 mg. The most common AE was upper respiratory tract infection. Rates of serious infections were 0.9 percent (placebo), 0.7 percent (adalimumab), 1.2 percent (upadacitinib 15 mg) and 2.6 percent (upadacitinib 30 mg). Herpes zoster were reported in three (0.7 percent), zero, four (0.9 percent) and five (1.2 percent) cases for the placebo, adalimumab, upadacitinib 15 mg and upadacitinib 30 mg arms, respectively. Malignancy was reported in all treatment arms with one case in the placebo and upadacitinib 15 mg arms (0.2 percent) and three cases in the adalimumab and upadacitinib 30 mg arms (0.7 percent).

Adjudicated venous thrombotic events included one event of deep vein thrombosis in the placebo group (0.2 percent), two events of deep vein thrombosis in the adalimumab group (0.5 percent), and one event of pulmonary embolism in the upadacitinib 30 mg group (0.2 percent); no thrombotic events were reported in the upadacitinib 15 mg group. No major adverse cardiovascular events (MACE) and deaths were reported with upadacitinib treatment.1 

About SELECT-PsA 11,3
SELECT-PsA 1 is a Phase 3, multicenter, randomized, double-blind, parallel-group, active and placebo-controlled study designed to evaluate the safety and efficacy of upadacitinib compared to placebo and adalimumab in adult patients with active psoriatic arthritis who have a history of inadequate response to at least one non-biologic DMARD. Patients were randomized to upadacitinib 15 mg, upadacitinib 30 mg, adalimumab 40 mg EOW, or placebo followed by either upadacitinib 15 mg or upadacitinib 30 mg at week 24.

The primary endpoint was the percentage of subjects receiving upadacitinib 15 mg or 30 mg who achieved an ACR20 response after 12 weeks of treatment versus placebo. Ranked secondary endpoints included percentage of patients achieving a static Investigator Global Assessment (sIGA) of psoriasis of 0 or 1 and at least a 2-point improvement from baseline at week 16; percentage of patients achieving PASI 75 response at week 16; inhibition of radiographic progression at week 24 per the modified total Sharp/van der Heijde Score; the percentage of patients achieving MDA at week 24; percentage of participants with resolution of enthesitis at week 24; change in Functional Assessment of Chronic Illness Therapy-Fatigue (FACIT-Fatigue) questionnaire at week 12; and percentage of patients with resolution of dactylitis at week 24 versus placebo. The long-term extension of the trial is ongoing. More information on this trial can be found at www.clinicaltrials.gov (NCT03104400).

About RINVOQ™ (upadacitinib)
Discovered and developed by AbbVie scientists, RINVOQ is a JAK inhibitor that is being studied in several immune-mediated inflammatory diseases.2-12 In August 2019, RINVOQ received U.S. FDA approval for adult patients with moderately to severely active rheumatoid arthritis who have had an inadequate response or intolerance to methotrexate. RINVOQ is approved by the European Commission for the treatment of adult patients with moderate to severe active rheumatoid arthritis who have responded inadequately to, or who are intolerant to one or more disease-modifying anti-rheumatic drugs; for the treatment of active psoriatic arthritis (PsA) in adult patients who have responded inadequately to, or who are intolerant to one or more DMARDs; and for the treatment of active ankylosing spondylitis (AS) in adult patients who have responded inadequately to conventional therapy. The approved dose for RINVOQ in rheumatoid arthritis is 15 mg. Phase 3 trials of RINVOQ in rheumatoid arthritis, atopic dermatitis, psoriatic arthritis, axial spondyloarthritis, Crohn’s disease, ulcerative colitis, giant cell arteritis and Takayasu arteritis are ongoing.2-5,7-12 Use of RINVOQ in psoriatic arthritis is not approved and its safety and efficacy are under evaluation by regulatory authorities.

RINVOQ U.S. Use and Important Safety Information13
RINVOQ is a prescription medicine used to treat adults with moderate to severe rheumatoid arthritis in whom methotrexate did not work well or could not be tolerated. It is not known if RINVOQ is safe and effective in children under 18 years of age.

What is the most important information I should know about RINVOQ?
RINVOQ is a medicine that can lower the ability of your immune system to fight infections. You should not start taking RINVOQ if you have any kind of infection unless your healthcare provider (HCP) tells you it is okay.

  • Serious infections have happened in some people taking RINVOQ, including tuberculosis (TB) and infections caused by bacteria, fungi, or viruses that can spread throughout the body. Some people have died from these infections. Your HCP should test you for TB before starting RINVOQ and check you closely for signs and symptoms of TB during treatment with RINVOQ. You may be at higher risk of developing shingles (herpes zoster).
  • Lymphoma and other cancers, including skin cancers, can happen in people taking RINVOQ.
  • Blood clots in the veins of the legs or lungs and arteries are possible in some people taking RINVOQ. This may be life-threatening and cause death.
  • Tears in the stomach or intestines and changes in certain laboratory tests can happen. Your HCP should do blood tests before you start taking RINVOQ and while you take it. Your HCP may stop your RINVOQ treatment for a period of time if needed because of changes in these blood test results.

What should I tell my HCP BEFORE starting RINVOQ?
Tell your HCP if you:

  • Are being treated for an infection, have an infection that won’t go away or keeps coming back, or have symptoms of an infection such as:
    • Fever, sweating, or chills
    • Shortness of breath
    • Warm, red, or painful skin or sores on your body
    • Muscle aches
    • Feeling tired
    • Blood in phlegm
    • Diarrhea or stomach pain
    • Cough
    • Weight loss
    • Burning when urinating or urinating more often than normal
  • Have TB or have been in close contact with someone with TB.
  • Have had any type of cancer, hepatitis B or C, shingles (herpes zoster), or blood clots in the veins of your legs or lungs, diverticulitis (inflammation in parts of the large intestine), or ulcers in your stomach or intestines.
  • Have other medical conditions including liver problems, low blood cell counts, diabetes, chronic lung disease, HIV, or a weak immune system.
  • Live, have lived, or have traveled to parts of the country that increase your risk of getting certain kinds of fungal infections, such as the Ohio and Mississippi River valleys and the Southwest. If you are unsure if you’ve been to these areas, ask your HCP.
  • Have recently received or are scheduled to receive a vaccine. People who take RINVOQ should not receive live vaccines.
  • Are pregnant or plan to become pregnant. Based on animal studies, RINVOQ may harm your unborn baby. Your HCP will check whether or not you are pregnant before you start RINVOQ. You should use effective birth control (contraception) to avoid becoming pregnant while taking RINVOQ and for at least 4 weeks after your last dose.
  • Are breastfeeding or plan to breastfeed. RINVOQ may pass into your breast milk. You should not breastfeed while taking RINVOQ and for at least 6 days after your last dose.

Tell your HCP about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. RINVOQ and other medicines may affect each other, causing side effects.

Especially tell your HCP if you take:

  • Medicines for fungal or bacterial infections
  • Rifampicin or phenytoin
  • Medicines that affect your immune system

Ask your HCP or pharmacist if you are not sure if you are taking any of these medicines.

What should I tell my HCP AFTER starting RINVOQ?
Tell your HCP right away if you:

  • Have any symptoms of an infection. RINVOQ can make you more likely to get infections or make any infections you have worse.
  • Have any signs or symptoms of blood clots during treatment with RINVOQ, including:
    • Swelling
    • Sudden unexplained chest pain
    • Pain or tenderness in the leg
    • Shortness of breath
  • Have a fever or stomach-area pain that does not go away, and a change in your bowel habits.

What are the common side effects of RINVOQ?
These include: upper respiratory tract infections (common cold, sinus infections), nausea, cough, and fever. These are not all the possible side effects of RINVOQ.

RINVOQ is taken once a day with or without food. Do not split, break, crush, or chew the tablet. Take RINVOQ exactly as your HCP tells you to use it.

This is the most important information to know about RINVOQ. For more information, talk to your HCP. You are encouraged to report negative side effects of prescription drugs to the FDA. Visit http://www.fda.gov/medwatchor call 1-800-FDA-1088.

If you are having difficulty paying for your medicine, AbbVie may be able to help. Visit 
AbbVie.com/myAbbVieAssist to learn more.

Please click here for the Full Prescribing Information and Medication Guide.

Globally, prescribing information varies; refer to the individual country product label for complete information.

About HUMIRA (adalimumab) in the U.S.

Uses
1
4
HUMIRA is a prescription medicine used:

  • To reduce the signs and symptoms of:
    • Moderate to severe rheumatoid arthritis (RA) in adults. HUMIRA can be used alone, with methotrexate, or with certain other medicines. HUMIRA may prevent further damage to your bones and joints and may help your ability to perform daily activities.
    • Moderate to severe polyarticular juvenile idiopathic arthritis (JIA) in children 2 years of age and older. HUMIRA can be used alone, with methotrexate, or with certain other medicines.
    • Psoriatic arthritis (PsA) in adults. HUMIRA can be used alone or with certain other medicines. HUMIRA may prevent further damage to your bones and joints and may help your ability to perform daily activities.
    • Ankylosing spondylitis (AS) in adults.
    • Moderate to severe Crohn’s disease (CD) and to achieve and maintain clinical remission in adults who have not responded well to certain other medications. HUMIRA is also used to reduce signs and symptoms and to achieve clinical remission in these adults who have lost response to or are unable to tolerate infliximab.
    • Moderate to severe Crohn’s disease
      (CD) and to achieve and maintain clinical remission in children 6 years of age and older when certain other treatments have not worked well enough.
    • Moderate to severe hidradenitis suppurativa (HS) in people 12 years and older.
  • In adults, to help get moderate to severe ulcerative colitis (UC) under control (induce remission) and keep it under control (sustain remission) when certain other medicines have not worked well enough. It is not known if HUMIRA is effective in people who stopped responding to or could not tolerate anti-TNF medicines.
  • To treat moderate to severe chronic plaque psoriasis (Ps) in adults who are ready for systemic therapy or phototherapy, and are under the care of a doctor who will decide if other systemic therapies are less appropriate.
  • To treat non-infectious intermediate (middle part of the eye), posterior (back of the eye), and panuveitis (all parts of the eye) in adults and children 2 years of age and older.

Important Safety Information
HUMIRA is a TNF blocker medicine that affects the immune system and can lower the body’s ability to fight infections. Serious infections have happened in people taking HUMIRA. These serious infections include tuberculosis (TB) and infections caused by viruses, fungi, or bacteria that have spread throughout the body. Some people have died from these infections. People should be tested for TB before HUMIRA use and monitored for signs and symptoms of TB during therapy, even if their TB test was negative. People at risk of TB may be treated with medicine for TB. Treatment with HUMIRA should not be started in a person with an active infection, unless approved by a doctor. HUMIRA should be stopped if a person develops a serious infection. People should tell their doctor if they live in or have been to a region where certain fungal infections are common, as these infections may happen or become more severe if people use HUMIRA. People should tell their doctor if they have had TB or hepatitis B, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores.

For people taking TNF blockers, including HUMIRA, the chance of getting lymphoma or other cancers may increase. Some people have developed a rare type of cancer called hepatosplenic T-cell lymphoma. This type of cancer often results in death. If using TNF blockers, including HUMIRA, the chance of getting two types of skin cancer (basal cell and squamous cell) may increase. These types are generally not life-threatening if treated.

Other possible serious side effects with HUMIRA include hepatitis B infection in carriers of the virus; allergic reactions; nervous system problems; blood problems; certain immune reactions, including a lupus-like syndrome; liver problems; and new or worsening heart failure or psoriasis. The use of HUMIRA with anakinra or abatacept is not recommended. People using HUMIRA should not receive live vaccines. Children should be brought up to date on all vaccines before starting HUMIRA.

Common side effects of HUMIRA include injection site reactions (redness, rash, swelling, itching, or bruising), upper respiratory infections (including sinus infections), headaches, rash, and nausea.

HUMIRA is given by injection under the skin.

The benefits and risks of HUMIRA should be carefully considered before starting therapy.

Please click here for the Full Prescribing Information and Medication Guide.

You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088.

If you are having difficulty paying for your medicine, AbbVie may be able to help. Visit AbbVie.com/myAbbVieAssist to learn more.

Globally, prescribing information varies; refer to the individual country product label for complete information.

About AbbVie
AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on TwitterFacebookLinkedIn or Instagram.

Forward-Looking Statements

Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project” and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie’s acquisition of Allergan plc (“Allergan”), failure to promptly and effectively integrate Allergan’s businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie’s operations is set forth in Item 1A, “Risk Factors,” of AbbVie’s 2020 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.


References:

  1. McInnes I, et al. Trial of Upadacitinib and Adalimumab for Psoriatic Arthritis. New England Journal of Medicine. 2021 April 1;384:1227-1239. doi: 10.1056/NEJMoa2022516.
  2. Burmester GR, et al. Safety and efficacy of upadacitinib in patients with rheumatoid arthritis and inadequate response to conventional synthetic disease-modifying anti-rheumatic drugs (SELECT-NEXT): a randomised, double-blind, placebo-controlled phase 3 trial. Lancet. 2018 Jun 23;391(10139):2503-2512. doi: 10.1016/S0140-6736(18)31115-2. Epub 2018 Jun 18.
  3. A Study Comparing Upadacitinib (ABT-494) to Placebo and to Adalimumab in Participants With Psoriatic Arthritis Who Have an Inadequate Response to at Least One Non-Biologic Disease Modifying Anti-Rheumatic Drug (SELECT-PsA 1). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03104400. Accessed on November 30, 2020.
  4. A Study Comparing Upadacitinib (ABT-494) to Placebo in Participants With Active Psoriatic Arthritis Who Have a History of Inadequate Response to at Least One Biologic Disease Modifying Anti-Rheumatic Drug (SELECT-PsA 2). Clinicaltrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03104374. Accessed on November 30, 2020.
  5. A Study Evaluating the Safety and Efficacy of Upadacitinib in Subjects With Active Ankylosing Spondylitis (SELECT Axis 1). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/study/NCT03178487. Accessed on November 30, 2020.
  6. Pipeline – Our Science | AbbVie. AbbVie. 2019. Available at: https://www.abbvie.com/our-science/pipeline.html. Accessed on November 30, 2020.
  7. A Multicenter, Randomized, Double-Blind, Placebo-Controlled Study of ABT-494 for the Induction of Symptomatic and Endoscopic Remission in Subjects With Moderately to Severely Active Crohn’s Disease Who Have Inadequately Responded to or Are Intolerant to Immunomodulators or Anti-TNF Therapy. ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT02365649. Accessed on November 30, 2020.
  8. A Study to Evaluate the Safety and Efficacy of ABT-494 for Induction and Maintenance Therapy in Subjects With Moderately to Severely Active Ulcerative Colitis. ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT02819635. Accessed on November 30, 2020.
  9. A Study to Compare Safety and Efficacy of Upadacitinib to Dupilumab in Adult Participants With Moderate to Severe Atopic Dermatitis (Heads Up). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03738397. Accessed on November 30, 2020.
  10. A Study to Evaluate Efficacy and Safety of Upadacitinib in Adult Participants With Axial Spondyloarthritis (SELECT AXIS 2). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT04169373. Accessed on November 30, 2020.
  11. A Study to Evaluate the Safety and Efficacy of Upadacitinib in Participants With Giant Cell Arteritis (SELECT-GCA). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03725202. Accessed on November 30, 2020.
  12. A Study to Evaluate the Efficacy and Safety of Upadacitinib in Subjects With Takayasu Arteritis (SELECT-TAK). ClinicalTrials.gov. 2020. Available at https://clinicaltrials.gov/ct2/show/record/NCT04161898. Accessed on November 30, 2020.
  13. RINVOQ™ (upadacitinib) [Package Insert]. North Chicago, Ill.: AbbVie Inc.
  14. HUMIRA Injection [Package Insert]. North Chicago, Ill.: AbbVie Inc.

 

Cision View original content:http://www.prnewswire.com/news-releases/new-england-journal-of-medicine-publishes-24-week-results-from-phase-3-study-evaluating-rinvoq-upadacitinib-in-psoriatic-arthritis-301260638.html

SOURCE AbbVie

Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update

Company Continues Advancement of Prototypes Towards End-Goal of Mass Commercialization

PR Newswire

ENGLEWOOD, Colo., April 1, 2021 /PRNewswire/ — Lightwave Logic, Inc. (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, today provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended December 31, 2020.

Recent Company Highlights: 

  • Announced optimization of the Company’s advanced, photo-stable, ultra-high-speed polymer for high-intensity light applications to be trialed with potential customers under NDA for use in telecommunications and data center end-markets.
  • Further developed pre-commercial interactions and relationships with vendors, foundries, and potential customers that align with technology product roadmaps. In particular, these interactions and relationships focus on bringing our Polymer Plus™ product platform to market.
  • More tightly aligned our Polymer Plus™ product platform to telecommunications, data-communications/datacenters, and high-speed computing global and regional markets for commercialization.  These markets continue to grow strongly into multi-billion-dollar opportunities that demand high speed, low power consumption, and miniaturization through photonics integration. 
  • Fortified intellectual property portfolio through receipt of 9 patent grants over the last 24 months, and 15 published patent applications over the same period.  This intellectual property is wide-ranging for polymers and protects key recent technology advancements including:
    • Technology developed by the Company’s in-house technical team which allows for the Company’s modulators to improve performance across the board, enabling higher reliability in the fiber optics communications environment.
    • A new polymer modulator packaging invention, enabling low-cost and high-volume applications in datacenter and telecommunications markets.
    • Breakthrough in path towards future Chip-on-Board packaged polymer platform with new technique to prevent atmospheric gasses from penetrating optical polymer materials, expected to significantly improve stability and reliability.
  • Continued to build critical pre-commercial awareness at key virtual investor and technology industry events, including the PHOTONICS+ Virtual Exhibition and Conference, AngelTech Live II Summit, the ECOC Exhibition 2020, the EPIC Online Technology Meeting on Datacenter Interconnects and the 33rd Annual ROTH Growth Conference.
  • Common shares were approved for trading on the OTCQX® Best Market (OTCQX) to help improve liquidity and broaden the Company’s base of potential investors.
  • CEO Dr. Michael Lebby elected as a Fellow of the National Academy of Inventors (NAI), an organization which supports and recognizes academic innovation for his role as a creative and prolific inventor and industry thought leader.

The full text of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 was filed with the SEC on March 31, 2021 and can be found here.

Management Commentary

“Our final quarter of 2020 was marked by our ongoing achievements, both in terms of expanding our already robust IP portfolio as well as in driving forward our proprietary technologies, in particular our Polymer Plus™ product platform, towards commercialization,” said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. “With over 70 domestic and international patents and patent applications, we are in the strongest position in our history to allow Lightwave significant freedom of manufacturing in a competitive field.

“These patent wins are the direct result of the ongoing research and development of our proprietary electro-optic polymers and devices by our in-house chemistry team, and we announced several exciting breakthroughs in the last several months. The results from our new sealant for a Chip-on-Board packaged polymer platform opens the door for a host of new opportunities and applications. It is a key step in the development towards a polymer modulator without a package, an important enabling technology for the industry. Preliminary results from our electro-optic polymer material, designed based on potential customer input, displays unrivaled light tolerance, also known as photostability, as compared to any organic commercial solution in use today. We plan to further develop the sealant for commercial implementation in future generations of modulators. 

“2020 saw us steadfastly moving toward commercialization of our Polymer Plus™ product platform with potential customers impressed as they evaluate our technology under NDA and recognize the ongoing technological improvements we have been able to achieve. Looking ahead into 2021, we expect to see additional progress as we incorporate feedback from potential partners and customers. We will continue to focus on the advancement of our prototypes, further shortening the path to our end-goal of mass market commercialization,” concluded Lebby.

About Lightwave Logic, Inc.

Lightwave Logic, Inc. (OTCQX: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power. The Company’s high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the Company’s website at www.lightwavelogic.com.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A “Risk Factors” in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company’s control.

Investor Relations Contact: 
Greg Falesnik or Luke Zimmerman 
MZ Group – MZ North America 
949-385-6449 
[email protected]
www.mzgroup.us 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update-301260472.html

SOURCE Lightwave Logic, Inc.

Thinking about buying stock in Jaguar Health, Funko, ChargePoint Holdings, Fortress Biotech, or Lordstown Motors?

PR Newswire

NEW YORK, April 1, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for JAGX, FNKO, CHPT, FBIO, and RIDE.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-jaguar-health-funko-chargepoint-holdings-fortress-biotech-or-lordstown-motors-301260643.html

SOURCE InvestorsObserver