NV5 Awarded $6.6 Million Geospatial Contract by Investor-Owned Utility

HOLLYWOOD, Fla., March 08, 2021 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, and engineering consulting solutions, announced today that Quantum Spatial, a division of NV5, has been awarded a $6.6 million contract by one of the nation’s largest energy utilities to provide geospatial analytics to support vegetation management and asset protection for critical electrical transmission infrastructure. This award has been released under a multi-year, sole-sourced contract to provide geospatial vegetation management solutions across the utility’s service area.

Under this contract, NV5 will provide rapid-turnaround lidar, imagery, and data analytics to identify vegetation growth threats along transmission corridors in six states. The information provided under this program will support safe and reliable power delivery to the utility’s customers and contribute to the client’s resource allocation and capital planning.

“The recent devastating weather events in Texas remind us how much we depend on the delivery of reliable energy to our homes and businesses,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We are pleased to help our utility clients around the country identify risks, plan for future capital investments, and deliver dependable electrical and gas service to their customers.”

About NV5

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, and engineering consulting solutions for public and private sector clients supporting infrastructure, utility, and building assets and systems. The Company primarily focuses on six business verticals: testing, inspection & consulting, infrastructure support services, utility services, buildings & program management, environmental health sciences, and geospatial technology services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Investor Relations Contact

NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: [email protected]

Source: NV5 Global, Inc.



Tyler Sorenson Joins RPT Realty to Lead Investments for Newly Formed Net Lease Retail Real Estate Platform

NEW YORK, March 08, 2021 (GLOBE NEWSWIRE) — RPT Realty (NYSE: RPT) (“RPT” or the “Company”), a publicly traded real estate investment trust that owns and operates a portfolio of open-air shopping destinations principally located in top U.S. markets, has hired Tyler Sorenson as Managing Director to lead investments for its newly formed core net lease retail real estate platform (the “Platform”) with co-investors GIC Private Limited, Zimmer Partners and Monarch Alternative Capital LP.

Mr. Sorenson joins RPT from Spirit Realty Capital, where he most recently served as Vice President of Acquisitions. In this role, Mr. Sorenson oversaw nearly $1.5 billion of retail acquisitions over the past two and a half years. Prior to leading Spirit’s retail acquisitions Mr. Sorenson was Vice President, Asset Management where he was responsible for leading a team that managed a portfolio of approximately 800 net-lease properties. Mr. Sorenson has more than 16 years of shopping center and net lease experience including roles at GE Capital and Regency Centers, where he developed a strong reputation among leading franchisees, retail operators, brokers, private equity sponsors and investment bankers across the real estate industry.

At RPT, Mr. Sorenson will work closely with RPT’s management team and the Company’s co-investors to deploy the Platform’s committed capital over the next three years. The Platform will target the acquisition of over $1.2 billion of net lease retail assets that deliver attractive risk-adjusted returns, including the acquisition of assets that have been sub-divided from multi-tenant retail centers acquired or owned by RPT. Mr. Sorenson will report to Brian Harper, President and Chief Executive Officer of RPT.

“I share Brian and RPT’s vision that this platform will be a disruptive force in the net-lease and open-air retail sectors and when this opportunity presented itself, I immediately put my name forward for consideration,” said Mr. Sorenson. “With over a billion dollars in potential buying power and backed by three renowned co-investors as well as RPT’s deep operational and financial expertise, our platform is well positioned to serve as a long-term strategic partner to both best-in-class regional essential retailers and larger national operators, as they face a shifting market environment. To be able to do this while unlocking value for our co-investors and RPT shareholders is a true win-win.”

“Tyler is one of the most highly qualified net lease real estate investment professionals in the country, and to have him join our team to lead this new platform is a tremendous endorsement of our thesis,” said Mr. Harper. “The value dislocation between shopping center and net lease assets has created attractive new investment opportunities for the platform and for RPT shareholders that can enhance our returns on capital. I am confident Tyler is the right person to help us fully capture these opportunities. We are excited to have him as a partner within RPT.”

Redpath Partners was the recruitment agency that led a national search process for the Company.

About RPT Realty

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company’s shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company’s retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value $0.01 per share (the “common shares”) are listed and traded on the NYSE under the ticker symbol “RPT”. As of December 31, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of December 31, 2020, the Company’s pro-rata share of the aggregate portfolio was 92.8% leased. For additional information about the Company please visit rptrealty.com.

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as ended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our expectations, plans or beliefs concerning future events and may be identified by terminology such as “may,” “will,” “should,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” “predict” or similar terms. Although the forward-looking statements made in this document are based on our good faith beliefs, reasonable assumptions and our best judgment based upon current information, certain factors could cause actual results to differ materially from those in the forward-looking statements. Many of the factors that will determine the outcome of forward-looking statements are beyond our ability to predict or control. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: our success or failure in implementing our business strategy; economic conditions generally and in the commercial real estate and finance markets specifically; the cost and availability of capital, which depends in part on our asset quality and our relationships with lenders and other capital providers; risks associated with bankruptcies or insolvencies or general downturn in the businesses of tenants; the potential adverse impact from tenant defaults generally or from the unpredictability of the business plans and financial condition of the Company’s tenants, which are heightened as a result of the COVID-19 pandemic; changes in governmental regulations, tax rates and similar matters; and other factors detailed from time to time in our filings with the Securities and Exchange Commission (“SEC”), including in particular those set forth under “Risk Factors” in our latest annual report on Form 10-K, which you should interpret as being heightened as a result of the numerous and ongoing adverse impacts of COVID-19. Given these uncertainties, you should not place undue reliance on any forward-looking statements. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.

Company Contact Information:

Vin Chao
Senior Vice President of Finance
[email protected]
(212) 221-1752



Wonderful Company Adds Amazon to its Tenant Roster at Wonderful Industrial Park

SHAFTER, Calif., March 08, 2021 (GLOBE NEWSWIRE) — Wonderful Real Estate Development has landed Amazon as an anchor tenant at Wonderful Industrial Park (WIP) on the heels of Walmart Inc. taking occupancy at the industrial commerce park – one of the largest in the Western U.S.

Amazon leased a 1 million-square-foot building on 72-acres located at 4500 Express within Wonderful Industrial Park, and joins other large occupiers in the park such as Ross Stores with +3 million square feet on 130 acres, Target’s 2 million square feet on 80 acres and, Walmart at 630,000 square feet and 80 feet of clear height on 60 acres. Walmart’s new state of the art grocery-focused distribution center incorporates the most sophisticated automated sorting equipment and systems in the industry.

Amazon intends to use the facility as a distribution center to sort and ship items including apparel, accessories, and footwear to customers across the region. The site will create more than 1,000 full and part-time jobs, paying a minimum of $15 per hour. The facility will also look to hire highly skilled labor in roles overseeing human resources, finance, operations management, and information technology.

With Amazon, WIP is now approaching 10 million square feet of occupied space. Other WIP occupants include Essendant (Staples, Inc), American Tire Distributors, Formica, and Hillman as well as other 3PLs who have found WIP’s location and amenities extremely profitable.

“Despite Covid-19, the commercial real estate story of 2020 and the first quarter of 2021 continues to be how hot the industrial market is, with tenants like Ross, Walmart and now, Amazon, choosing to locate these major mission-critical facilities at WIP in consecutive years. It not only validates our location and development model, but adds an exclamation mark to industrial activity across the U.S.,” said Joe Vargas, President of Wonderful Real Estate Development.

In the first quarter of 2021, Wonderful will also break ground on its latest speculative development, 3800 Fanucchi Way. 3800 Fanucchi Way will feature 1,063,000 square feet, 40 feet of clear height, 215-dock high doors, and parking expandable to 1,000 stalls to accommodate trailers and employee spaces. The building will be delivered in the fourth quarter 2021. This facility will be located on a 70-acre site with a building-to-site coverage of 35%.

About Wonderful Industrial Park

WIP is a fully-entitled 1,625-acre, world-class distribution center located approximately 100 miles north of Los Angeles. The park is a rail-served industrial development, entitled for 26 million square feet, with nearly 10 million square feet completed and under operation to date.

The property is minutes from Hwy-99, I-5 and Hwy-58 and offers convenient port access to the Port of Los Angeles, the Port of Long Beach and the Port of Oakland. The industrial park’s location allows access to 14 percent of the U.S. population within 300 miles and same-day delivery to 30 million Californians. It has a FedEx Ground hub onsite and is near a UPS ground hub in Bakersfield, CA with Meadows Field Airport located only seven miles away.
The park features an onsite rail yard with more than 17,000 feet of track able to accommodate unit trains with direct access to Burlington Northern Santa Fe (BNSF) Railway’s mainline.

For more information visit: http://www.wonderfulindustrialpark.com/tour-the-park.html

Contact: Erin Poulson Morris 310.966.5748 or [email protected]

 



Inflection Resources Engages Dr. Alan Wilson as Technical Advisor for Ongoing Copper-Gold Exploration Program in Northern New South Wales

Vancouver, British Columbia, March 08, 2021 (GLOBE NEWSWIRE) — Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the “Company” or “Inflection”) is pleased to announce that Dr. Alan Wilson has joined the Company as a Technical Advisor.

 

  • As Technical Advisor, Dr. Wilson will assist the Company with the ongoing copper-gold exploration program in northern New South Wales, Australia where initial drilling has identified several areas of alteration indicative of copper-gold porphyry centres.
  • Expert in alkalic porphyry systems, particularly in the Lachlan Fold Belt in New South Wales, Alan has over 30 years experience, including senior roles with several of the worlds’ largest mining companies.
  • He obtained his PhD in Economic Geology by completing the first detailed geological and genetic study of the Cadia gold-copper porphyry deposits, owned by Newcrest Mining and located southeast of Inflection’s 100% owned exploration licenses.

 

Alistair Waddell, Inflection Resources President and CEO, comments, “We are excited to welcome Alan as a Technical Advisor to the Company and look forward to his input in our ongoing exploration activities.  Alan’s extensive knowledge of alkalic porphyry systems in New South Wales, and his specific experience in the Cadia district, is extremely relevant to our ongoing exploration programs, where we have already identified several zones of strong porphyry style alteration in the northern, covered extension of the Macquarie Arc”.

 

Dr. Wilson is an economic geologist with thirty years’ experience in the exploration for base and precious metal deposits globally, experience that has allowed him to develop a deep understanding of the critical role geology plays in assessment of ore potential at projects in all stages of development.  Alan has worked for several of the world’s largest mining companies in increasingly senior technical and exploration management roles, culminating in the role of International Exploration Manager with Antofagasta PLC from 2010 until 2019.

 

Dr. Wilson obtained his PhD in Economic Geology at the University of Tasmania, Australia in 2003, completing the first detailed geological and genetic study of the then-recently discovered Cadia alkalic gold-copper porphyry deposits of the Lachlan Fold Belt in New South Wales, Australia.  This work at Cadia, which is widely published, and subsequent exploration and technical evaluations of alkalic porphyry systems throughout the Lachlan Fold Belt, British Columbia and other emerging terranes globally, has established Alan as a recognised technical and exploration expert in this type of deposit.  Alan is a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London, through which he holds Chartered Geologist accreditation.

 

The Company has agreed to grant to Dr. Wilson 200,000 incentive stock options exercisable at $0.34 per common share over a five-year term, such options to vest six months after the date of grant.  The stock options are subject to the acceptance of the Canadian Securities Exchange.

 

About Inflection Resources

Inflection is a technically driven gold and copper-gold focused mineral exploration company with projects in Eastern Australia where it is systematically drill testing a large portfolio of projects in New South Wales and in Queensland.

The Company is exploring for large gold and copper-gold deposits in the northern interpreted extension of the Macquarie Arc, part of the Lachlan Fold Belt in New South Wales.  The Macquarie Arc is Australia’s premier porphyry gold-copper province being host to Newcrest Mining’s Cadia deposits, the CMOC Northparkes deposits and Evolution Mining’s Cowal deposits plus numerous exploration prospects including Boda, the recent discovery made by Alkane Resources.

For more information, please visit the Company’s website at www.inflectionresources.com.


On Behalf of the Board of Directors

“Alistair Waddell”
President and CEO

For further information, please contact:

Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016


Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, those relating to the benefits of the Company’s OTCQB listing, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company’s projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.

 

Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated June 12, 2020 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at

www.sedar.com

 

Readers are cautioned not to place undue reliance on forward-looking statements.  The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.



Brennan Zerb
Inflection Resources
7788675016
[email protected]

Vivos Therapeutics Announces the Opening of the First Pneusomnia Integrated Medical-Dental Sleep Center

Physicians and Dentists Collaborate to Offer Vivos System Treatment to Patients Suffering from Sleep Apnea

HIGHLANDS RANCH, Colo., March 08, 2021 (GLOBE NEWSWIRE) — Vivos Therapeutics, Inc. (“the Company”) (NASDAQ: VVOS), a medical technology company focused on developing and commercializing innovative treatments for patients suffering from sleep-disordered breathing, including mild-to-moderate obstructive sleep apnea (OSA), today announced the opening of the first Pneusomnia clinic, a clinician-owned, integrated medical-dental sleep center featuring the Vivos System through its Medical Integration Division.

This first Pneusomnia clinic is located in Del Mar, Calif., and is owned and operated by a diverse group of local physicians led by Dr. Mimi Guarneri, cardiologist, founder and president of The Academy of Integrative Health and Medicine and an award-winning physician and researcher.

The Company formally launched its Medical Integration Division in early 2020 to foster an environment where more medical doctors could work directly with dentists (including dentists who participate in the Vivos Integrated Practice program) for treating sleep disorders in patients. As part of the new sleep medicine center, patients receive treatment with the Vivos System, a clinically effective, non-surgical, non-invasive, non-pharmaceutical oral appliance treatment for mild-to-moderate sleep apnea. Unlike traditional solutions, including CPAP machines and surgical implants that treat sleep apnea’s symptoms through lifetime intervention, the Vivos System typically does not require lifetime usage since it addresses sleep apnea’s underlying cause, with a treatment plan that, on average, lasts only 18 to 24 months.

In addition to the Del Mar facility, new Pneusomnia centers are currently being developed in Johnstown, CO, Modesto, CA, Las Vegas, NV, Ladera Ranch, CA, Encino, CA, Beverly Hills, CA, and Morristown, NJ.

By unifying the efforts of both medical doctors and dentists in addressing OSA, the Company expects to see more patients being screened, diagnosed, and treated with the Vivos System. In addition, the Company receives a recurring management fee from each Pneusomnia clinic.

“As the Vivos System addresses the underlying factors that contribute to sleep apnea for many of my patients, this center will allow undiagnosed OSA patients in Del Mar to learn more about this silent killer and how we can treat it,” said Dr. Guarneri MD. “Fifty-four million Americans and 1 billion people globally suffer from obstructive sleep apnea, many of whom remain undiagnosed, and it is a serious illness that contributes to several comorbidities.”

“With the medical and dental communities coming together through the Pneusomnia clinics to both diagnose and treat OSA, patients will have access to the Vivos System, our leading-edge technology that helps to alter the size, shape and position of their upper airway tissues,” added Kirk Huntsman, Vivos CEO. “We look forward to continuing our work with Dr. Guarneri to bring as many patients into the new facility as possible. With additional centers opening later this year across the country, and over 1,200 independent dentists in the U.S. and Canada who are now using the Vivos System, we believe we are poised to reach even more undiagnosed patients than ever before.”

About Vivos Therapeutics, Inc.

Vivos Therapeutics Inc. (NASDAQ: VVOS) is a medical technology company focused on developing and commercializing innovative treatments for adult patients suffering from sleep-disordered breathing, including obstructive sleep apnea (OSA). The Vivos treatment for mild-to-moderate OSA involves customized oral appliances and protocols called the Vivos System. Vivos believes that its Vivos System oral appliance technology represents the first clinically effective non-surgical, non-invasive, non-pharmaceutical and cost-effective solution for people with mild-to-moderate OSA. Vivos oral appliances have proven effective in over 15,000 patients treated worldwide by more than 1,200 trained dentists. Combining technologies and protocols that alter the size, shape and position of the tissues of a patient’s upper airway, the Vivos System opens airway space and significantly reduce symptoms and conditions associated with mild-to-moderate OSA. The Vivos System has been shown to significantly lower Apnea Hypopnea Index scores and improve other conditions associated with OSA. The Vivos Integrated Practice (VIP) program offers dentists training and other value-added services in connection with using the Vivos System.

For more information, visit www.vivoslife.com.

Cautionary Note Regarding Forward-Looking Statements

This press release, the presentation referred to herein, and the statements of the Company’s management made in connection therewith contain “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, particularly with respect to the public offering described herein. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond Vivos’ control. Actual results (including the results of the Company’s Pneusomnia clinic program as described herein) may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in Vivos’ filings with the Securities and Exchange Commission (“SEC”). Vivos’ filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, Vivos expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Vivos’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Investor Relations Contact:

Edward Loew
Investor Relations Officer
(602) 903-0095
[email protected]

Media Relations Contact:

Caitlin Kasunich / Jenny Robles
KCSA Strategic Communications
(212) 896-1241 / (212) 896-1231
[email protected] / [email protected]



Motus GI to Present Pure-Vu GEN2 System at the Centers for Medicare and Medicaid Services ICD-10 Reimbursement Code Committee Meeting

Company seeking to garner reimbursement for certain procedures utilizing its Pure-Vu System

FORT LAUDERDALE, Fla., March 08, 2021 (GLOBE NEWSWIRE) — Motus GI Holdings, Inc., (NASDAQ: MOTS) (“Motus GI” or the “Company”), a medical technology company providing endoscopy solutions that improve clinical outcomes and enhance the cost-efficiency associated with the diagnosis and management of gastrointestinal conditions, announced today that it will present its request for an ICD-10 code at a Center for Medicare and Medicaid Services (CMS) meeting on March 9th. The request to CMS is part of a broader strategy to obtain reimbursement for certain procedures utilizing the Pure-Vu System to help facilitate the cleaning of a poorly prepared colon during colonoscopy.

During the ICD-10 Code Coordination meeting (the “meeting”), CMS staff will lead a discussion of possible code additions and revisions. Participants are encouraged to ask questions concerning clinical and coding issues and to offer recommendations. All recommendations concerning proposed code additions and revisions discussed during the meeting and followed up in writing before the end of the comment period, will be considered. Final decisions on code additions and revisions are made through a subsequent clearance process within the Department of Health and Human Services. Additional information on the meeting can be found on the CMS website (click here).

“We are pleased to take part in this important meeting with CMS, and to present as part of our request, the significant value we believe our Pure-Vu System provides for patients undergoing colonoscopy procedures. If assigned, an ICD-10 code for our technology would be a key step in our broader reimbursement strategy for the Pure-Vu System. There are a variety of mechanisms to gain both public and private coverage for reimbursement, and we are excited to be working with CMS in an effort to enhance the access of the Pure-Vu System to Medicare beneficiaries,” said Tim Moran, Chief Executive Officer of Motus GI. “Gaining reimbursement for the Pure-Vu System could potentially accelerate our ability to bring this much needed solution to more patients in this underserved market.”

The ICD-10 code decision process is supportive of the New Technology Add on Payment (NTAP) application for the Pure-Vu system, which is currently under review at CMS. The NTAP program is only available to new technologies meeting the definition of newness of the technology, exceeding cost criterion thresholds and demonstrating substantial clinical improvement over existing therapies.

In June 2019, the U.S. Food and Drug Administration (FDA) issued 510(k) clearance for the Pure-Vu GEN2 System.

About the Pure-Vu System

The Pure-Vu System integrates with standard and slim colonoscopes to improve visualization during a colonoscopy while preserving established procedural workflow by irrigating the colon and evacuating debris to provide a better-quality exam. Challenges with bowel preparation for inpatient colonoscopy, particularly patients who are elderly, with comorbidities, or active bleeds, represent a significant area of unmet need that directly affects clinical outcomes and increases the cost of care. Motus GI believes the Pure-Vu System may lead to positive outcomes and lower costs for hospitals by safely and quickly improving visualization of the colon for a quality exam the first time. In multiple clinical studies to date, involving the treatment of challenging inpatient and outpatient cases, the Pure-Vu System has consistently helped achieve adequate bowel cleanliness rates greater than 95% following a reduced prep regimen. Motus GI estimates that this year approximately 4.8 million inpatient colonoscopy procedures will take place worldwide.

The Pure-Vu System has received a CE Mark in the EU and is cleared by the U.S. Food and Drug Administration to help facilitate the cleaning of a poorly prepared colon during the colonoscopy procedure.

About Motus GI

Motus GI Holdings, Inc. is a medical technology company, with subsidiaries in the U.S. and Israel, providing endoscopy solutions that improve clinical outcomes and enhance the cost-efficiency associated with the diagnosis and management of gastrointestinal conditions.

For more information, visit www.motusgi.com and connect with the Company on TwitterLinkedIn and Facebook.

Forward-Looking Statements

This press release contains certain forward-looking statements. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms, including without limitation, risks inherent in the development and commercialization of potential products, uncertainty in the timing and results of clinical trials or regulatory approvals, maintenance of intellectual property rights or other risks discussed in the Company’s Form 10-K filed on March 30, 2020 and its other filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Contact:

Bob Yedid
LifeSci Advisors
(646) 597-6989
[email protected]



American Institutes for Research Experts to Present at Council for Exceptional Children’s Virtual Convention

Arlington, Va., March 08, 2021 (GLOBE NEWSWIRE) — Experts from the American Institutes for Research (AIR) will lead and participate in several presentations at the Council for Exceptional Children’s (CEC) Learning Interactive Virtual Event Convention/Expo, being held March 8 – 13, 2021. The annual convention is one of the nation’s largest gatherings of special education researchers, policymakers and practitioners.

AIR’s presentations will cover a wide array of topics related to meeting the needs of students with disabilities, including learning disabilities, Multi-Tiered System of Support (MTSS), personnel preparation, emotional and behavioral disorders, and much more. Learn more about AIR’s special education work.

CEC is a professional association of educators dedicated to advancing the success of children with exceptionalities. With more than 27,000 members, CEC represents the interests of exceptional children in policy and legislation; establishes professional standards for the field; and develops initiatives to improve special education practice.

CEC Convention virtual sessions featuring AIR experts and their work are listed below. To learn more, visit the CEC virtual event program website.

THURSDAY, MARCH 11

4:00 – 4:45 p.m. ET


Poster:



Supporting High-Quality Educational Programming in Private Schools for Students with Disabilities: Lessons Learned






AIR Presenters/Authors: Kathleen Pfannenstiel and Tessie Bailey


Poster:



Did We Do What We Said We Would? Reframing Fidelity Data as a Decision-Making Tool


AIR Presenters/Authors: Amy Peterson and Eliza Laible


Poster:



Promoting PROGRESS: Developing & Implementing High-Quality Educational Programming


AIR Presenters/Authors: Amy Colpo and Lauren Rosenbauer


Poster:



Rubric Development Methods: Creating an Integrated MTSS Fidelity Rubric






AIR Presenters/Authors: Rebecca Smith and Julia Casasanto-Ferro


Poster:



Diving into How Students’ Understanding of Math Can Be Uncovered Though Clinical Interviews


AIR Presenters/Authors: Kathleen Pfannenstiel and Jessica Hunt


Poster:



Procedural Teaching to Conceptual Teaching in a Middle School Special Education Mathematics Classroom: One Teacher’s Story


AIR Presenters/Authors: Kathleen Pfannenstiel and Sarah Benz


Poster:



The Impact of Project STAIR Coaching on Instructional Practices and Data-Based Individualization


AIR Presenter/Author: Stacy Hirt


Poster:



The Relationships Between Teacher Value, Self-Efficacy for Utilization of Data-Based Individualization (DBI) and Student Outcomes


AIR Presenter/Author: Stacy Hirt

 

FRIDAY, MARCH 12

2:45 – 3:45 p.m. ET


Presentation with Q&A:



Establishing a Strong Foundation: Tips for Writing Meaningful Academic PLAAFPs


AIR Presenters/Authors: Zachary Weingarten and Amy Peterson


Panel:



Enhancing the Effectiveness of Tier 2 Interventions


AIR Presenters/Authors: Caitlyn Majeika and Brittany Sterrett


Panel:



Providing Teachers and Teacher Candidates Opportunities to Learn to Use High Leverage Practices


AIR Presenter/Author: Lois Kimmel


Demonstration:



Preparing Educators to Support Struggling Students: Online Course Resources for Intensive Intervention


AIR Presenter/Author: Lindsey Hayes

4:00 – 5:00 p.m. ET


Panel:



Innovative Partnerships to Increase the Special Education Teacher Pipeline


AIR Presenters/Authors: Keane Alavi, Amy Colpo and Lindsey Hayes


Panel:



Enhancing Intensive Intervention Research and Implementation Capacity through Collaborative Doctoral Training


AIR Presenters/Authors: Rebecca Zumeta Edmonds and Christerralyn Brown


Demonstration:



Standardized Tools for Effective Teaming


AIR Presenter/Author: Tessie Bailey

 

SATURDAY, MARCH 13

10:00 – 11:00 a.m. ET


Panel:



Instructional Coaching Models: Evidence from the Field


AIR Presenter/Author: Jennifer Pierce

1:15 – 2:15 p.m. ET


Demonstration:



High Leverage Practices for At-Home Learning


AIR Presenters/Authors: Lois Kimmel and Amy Colpo


Presentation with Q&A:



Improving Specially Designed Instruction through High Leverage Practices


AIR Presenter/Author: Dia Jackson


Multi-Presentation Session: Mainstage: Making the Concept of Specially Designed Instruction into an Effective Classroom Reality



Specially Designed Instruction: Lessons on Development and Implementation

AIR Presenters/Authors: Tessie Bailey and Amy Colpo


Multi-Presentation Session: Instructional Coaching



Keep Calm and Coach On: Impact and Importance of Coaching on Middle School Mathematics



AIR Presenters/Authors: Pakethia Harris and Kathleen Pfannenstiel

2:30 – 3:30 p.m. ET


Demonstration:



Setting and Measuring Behavioral IEP Goals


AIR Presenter/Author: Teri Marx


Presentation with Q&A:



HLPs and Culturally Responsive Education: Ensuring Learning for All


AIR Presenter/Author: Dia Jackson

3:45 – 4:45 p.m. ET


Multi-Presentation Session: Mainstage- Persevering Through Difficult Times: Supporting Students with Disabilities from Diverse Backgrounds During the Pandemic



Successes and Barriers to Supporting Students with Disabilities from Diverse Backgrounds During the Pandemic

AIR Presenter/Author: Dia Jackson


Panel:



Leading for Literacy: A Collaborative Effort to Support School Leaders


AIR Presenters/Authors: Allison Gandhi, Laura Kuchle and Jennifer Pierce


Presentation with Q&A:



Post-COVID Special Education Workforce Opportunities: Student Teachers and Career Changers


AIR Presenter/Author: Lois Kimmel


Multi-Presentation Session: Delivering Culturally and Linguistically Responsive Intensive Intervention to English Language



Accessing Our Awareness: Tools for Understanding Teachers’ Cultural Competence 


Learners

AIR Presenter/Author: Donna Sacco

In addition, a poster entitled, Examining the Functional Relationship of a Technology-Based Self-Monitoring Intervention for Improving Outcomes for Students with Emotional Disturbance, by AIR’s Stacy Hirt is up for a vote as part of the TED Kaleidoscope competition. Kaleidoscope is the Teacher Education Division (TED) of CEC’s Graduate Student Committee. This is voted on by CEC members and winners will be announced on March 9th.

About AIR

Established in 1946, the American Institutes for Research (AIR) is a nonpartisan, not-for-profit organization that conducts behavioral and social science research and delivers technical assistance both domestically and internationally in the areas of education, health and the workforce. AIR’s work is driven by its mission to generate and use rigorous evidence that contributes to a better, more equitable world. With headquarters in Arlington, Virginia, AIR has offices across the U.S. and abroad. For more information, visit www.air.org.



Dana Tofig
American Institutes for Research
202-403-6347
[email protected]

AzurRx BioPharma Announces $10 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

DELRAY BEACH, Fla., March 08, 2021 (GLOBE NEWSWIRE) — AzurRx BioPharma, Inc. (NASDAQ: AZRX), (“AzurRx” or the “Company”), a clinical stage biopharmaceutical company specializing in the development of targeted, non-systemic therapies for gastrointestinal (GI) diseases, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor for the issuance and sale of an aggregate of 7,858,548 shares of common stock (or common stock equivalent in lieu thereof) and warrants to purchase up to an aggregate of 3,929,274 shares of common stock at an effective purchase price of $1.2725 per share and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules. The warrants have an exercise price of $1.21 per share, are exercisable immediately, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about March 10, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering are expected to be $10 million. AzurRx intends to use the net proceeds received from the offering to initiate its two niclosamide clinical programs in the first half of 2021, a Phase 2 clinical trial for COVID-19 GI infections and a Phase 1b/2a trial for immune checkpoint inhibitor induced colitis, respectively, and for other general corporate purposes.

The securities described above are being offered and sold by the Company in a registered direct offering pursuant to a “shelf” registration statement on Form S-3 (File No. 333-231954) including a base prospectus, previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on June 25, 2019. The offering of the securities is being made only by means of a prospectus supplement that forms a part of the registration statement. A final prospectus supplement and base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement and the accompanying base prospectus may also be obtained, when available, by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at 646-975-6996 or e-mail at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AzurRx BioPharma, Inc.

AzurRx BioPharma, Inc. (NASDAQ: AZRX) is a clinical stage biopharmaceutical company specializing in the development of targeted, non-systemic therapies for gastrointestinal (GI) diseases. The Company has a pipeline of three gut-restricted GI assets. The lead therapeutic candidate is MS1819, a recombinant lipase for the treatment of exocrine pancreatic insufficiency (EPI) in patients with cystic fibrosis and chronic pancreatitis, currently in two Phase 2 clinical trials.  AzurRx is launching two clinical programs in 2021 using proprietary formulations of niclosamide, a pro-inflammatory pathway inhibitor, FW-420, for grade 1 Immune Checkpoint Inhibitor Colitis and diarrhea in oncology patients and FW-1022, for COVID-19 gastrointestinal infections. The Company is headquartered in Delray Beach, Florida with clinical operations in Hayward, California. For more information, visit www.azurrx.com.

Forward-Looking Statements

This press release may contain certain statements relating to future results which are forward-looking statements. These statements are not historical facts, but instead represent only the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These forward-looking statements are subject to risks and uncertainties including, among other things, the completion of the registered direct offering, the satisfaction of customary closing conditions related to the registered direct offering and the intended use of proceeds from the registered direct offering. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, including whether results obtained in preclinical and nonclinical studies and clinical trials will be indicative of results obtained in future clinical trials; whether preliminary or interim results from a clinical trial such as the interim results presented will be indicative of the final results of the trial. Additional information concerning the Company and its business, including a discussion of factors that could materially affect the Company’s financial results, including those related to the clinical development of its clinical assets, the results of its clinical trials, and the impact of the coronavirus (COVID-19) pandemic on the Company’s operations and current and planned clinical trials, including, but not limited to delays in clinical trial recruitment and participation are contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 under the heading “Risk Factors,” as well as the Company’s subsequent filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.


For more information:

AzurRx BioPharma, Inc.
1615 South Congress Avenue
Suite 103
Delray Beach, Florida 33445
Phone: (646) 699-7855
[email protected]

Media contact:

Tiberend Strategic Advisors, Inc.
Johanna Bennett/Ingrid Mezo
(212) 375-2665/(646) 604-5150
[email protected]/[email protected] 



BetterLife Enters Research Agreement with Carleton University for TD-0148A Depression Studies

VANCOUVER, March 08, 2021 (GLOBE NEWSWIRE) — BetterLife Pharma Inc. (“BetterLife” or the “Company”) (CSE: BETR / OTCQB: BETRF / FRA: NPAU), an emerging biotech company focused on the development and commercialization of cutting-edge treatments in mental disorders and viral infections, announces it has entered into an agreement with University of Carleton University (“Carleton”) for TD-0148A’s research in preclinical models of depression. TD-0148A is a second-generation lysergic acid diethylamide (“LSD”) derivative molecule that BetterLife believes will mimic the projected therapeutic potential of LSD without causing the undesirable psychoactive dissociative side effects, such as hallucinations.

“TD-0148A is a potential novel new therapy to treat debilitating psychiatric disorders with high unmet need, such as treatment resistant severe depression and post-traumatic stress disorder. BetterLife’s goal is to bring this treatment to IND and the clinic as soon as possible, and the scientific expertise of Carleton University’s team at its Department of Neuroscience, headed by Dr. Argel Aguilar-Valles, is an ideal partner to help us realize our vision.” said BetterLife’s Chief Executive Officer, Dr. Ahmad Doroudian.

As part of the research agreement, Dr. Argel Aguilar-Valles’ team will work with BetterLife to test TD-0148A in both in vitro and in vivo models that are established in their lab. The team’s expertise is to understand the molecular mechanisms that underlie psychiatric and neurodevelopmental disorders. They use a combination of biochemistry, molecular biology, neuronal culture, and animal models to do this.

Dr. Argel Aguilar-Valles said, “We are delighted to have the opportunity to examine TD-0148A in our established animal depression models. The high rate of resistance to SSRI and other first-line treatments for major depressive disorder indicates an urgent unmet need for alternative anti-depressant treatments. LSD and other psychedelic drugs have been shown to have anti-depressant effects, but their hallucinogenic effects represent an undesirable side effect. Non-hallucinogenic derivatives of these drugs such as TD-0148A, represent a promising alternative.”

About BetterLife Pharma

BetterLife Pharma Inc. is an emerging biotechnology company engaged in the development and commercialization of next generation psychedelic products for the treatment of mental disorders. Utilizing drug delivery platform technologies, BetterLife is refining and developing drug candidates from a broad set of complementary interferon-based technologies which have the potential to engage the immune system to fight virus infections, such as the coronavirus disease (COVID-19) and human papillomavirus.

For further information please visit www.abetterlifepharma.com.

About Carleton University, Department of Neuroscience

Carleton Neuroscience has an international reputation for research on stress and its effects on brain functioning and mental health. The department has an interdisciplinary approach to understanding the emergence, prevention and treatment of mental and physical disorders.

For more information, please visit: www. https://carleton.ca/neuroscience/

Contact

BetterLife Pharma:

Ahmad Doroudian, Chief Executive Officer
Email: [email protected]
Phone:  604-221-0595

Carleton University:

Stephen Reid, Media Relations Officer
Email: [email protected]
Phone:

Cautionary Note Regarding Forward-Looking Statements

No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.



OncoImmunology Publishes Pre-clinical Research Showing Galectin Therapeutics’ Belapectin Galectin-3 Inhibitor Reduces Tumor Progression in Combination with Anti-OX40 Therapy

Research deciphers belapectin’s mechanism of action, further rationalizing its use in combination with checkpoint inhibitors or T cell agonists in oncology and as a monotherapy in NASH cirrhosis

NORCROSS, Ga., March 08, 2021 (GLOBE NEWSWIRE) — Galectin Therapeutics Inc. (NASDAQ:GALT), the leading developer of therapeutics that target galectin proteins, today announced that a paper published in the peer-reviewed journal OncoImmunology demonstrates how belapectin, a potent galectin-3 inhibitor, in combination with an anti-OX40 (CD134) monoclonal antibody, significantly reduces tumor progression compared to either agent alone.

For many years, galectin-3 has been known to play a key role in the control of tumor-induced immunosuppression. Galectin-3 acts to maintain tumor growth, in part, by supporting the generation of suppressive macrophages and inhibiting T cell function.

The paper, titled “Galectin-3 inhibition with belapectin combined with anti-OX40 therapy reprograms the tumor microenvironment to favor anti-tumor immunity,” describes results from a collaboration between Galectin Therapeutics and Providence Cancer Institute in Portland, Oregon. The paper highlights the mechanism of action of the combination which is explained by a reduction in myeloid-derived suppressor cell infiltration and function coupled to an increase in T-cell effector function. In tumor-bearing mice, these effects led to both tumor regression and improved survival.

“Immunotherapy represents a significant breakthrough in the treatment of many cancers. However, tumor-induced suppression could decrease response to anti-OX40 therapy,” said senior author William L. Redmond, Ph.D., Associate Member, Laboratory of Cancer Immunotherapy, and Director, Immune Monitoring Laboratory at the Earle A. Chiles Research Institute, a division of Providence. “As galectin-3 drives this tumor-induced immunosuppression, it was an attractive hypothesis to combine belapectin with anti-OX40 immunotherapy. We demonstrated that the addition of belapectin could overcome this resistance and we were also able to decipher the underlying mechanism of action.”

“This is very significant research,” noted Pol F. Boudes, M.D., Chief Medical Officer of Galectin Therapeutics. “It further validates the rationale for the ongoing clinical research at Providence Cancer Institute, combining belapectin with pembrolizumab (Keytruda®), a programmed death receptor-1 (PD-1)-blocking antibody. Preliminary results indicated that the combination of Keytruda® and belapectin may improve the efficacy of this potent PD-1 inhibitor while also improving its tolerance.”

Dr. Boudes added, “These data, demonstrating the essential role of cells of the monocytic macrophages lineage can also be translated to our ongoing belapectin clinical program in patients affected with NASH cirrhosis. In cirrhosis, as with the tumor microenvironment of cancer, activated macrophages invade the hepatic parenchyma and promote inflammation, fibrosis and ultimately the failure of this essential organ. Belapectin, thanks to its molecular structure, is uniquely able to target macrophages, which, incidentally, are also the main producer of galectin-3 in liver cirrhosis.”

The OncoImmunology paper is now openly accessible online on the journal website and at galectintherapeutics.com/publications/.

About Belapectin (GR-MD-02)

Belapectin (GR-MD-02) is a complex carbohydrate drug that targets galectin-3, a critical protein in the pathogenesis of NASH and fibrosis. Galectin-3 plays a major role in diseases that involve scarring of organs including fibrotic disorders of the liver, lung, kidney, heart and vascular system. Belapectin binds to galectin-3 and disrupts its function. Preclinical data in animals have shown that belapectin has robust treatment effects in reversing liver fibrosis and cirrhosis. A Phase 2 study showed belapectin may prevent the development of esophageal varices in NASH cirrhosis; these results provide the basis for the conduct of the NAVIGATE trial. The NAVIGATE trial, entitled “A Seamless Adaptive Phase 2b/3, Double-Blind, Randomized, Placebo-controlled Multicenter, International Study Evaluating the Efficacy and Safety of Belapectin (GR-MD-02) for the Prevention of Esophageal Varices in NASH Cirrhosis” began enrolling patients in June 2020 and is posted on www.clinicaltrials.gov (NCT04365868). Galectin-3 also has a significant role in cancer, and the Company is supporting a Phase 1 study in combined immunotherapy of belapectin and Keytruda in treatment of advanced melanoma and in head and neck cancer.

About Galectin Therapeutics

Galectin Therapeutics is dedicated to developing novel therapies to improve the lives of patients with chronic liver disease and cancer. Galectin’s lead drug belapectin (formerly known as GR-MD-02) is a carbohydrate-based drug that inhibits the galectin-3 protein which is directly involved in multiple inflammatory, fibrotic, and malignant diseases, for which it has Fast Track designation by the U.S. Food and Drug Administration. The lead development program is in non-alcoholic steatohepatitis (NASH) with cirrhosis, the most advanced form of NASH-related fibrosis. This is the most common liver disease and one of the largest drug development opportunities available today. Additional development programs are in treatment of combination immunotherapy for advanced melanoma and other malignancies. Advancement of these additional clinical programs is largely dependent on finding a suitable partner. Galectin seeks to leverage extensive scientific and development expertise as well as established relationships with external sources to achieve cost-effective and efficient development. Additional information is available at www.galectintherapeutics.com.

About Providence Cancer Institute

Providence Cancer Institute, a part of Providence St. Joseph Health, offers the latest in cancer services, including diagnostic, treatment, prevention, education, support and internationally renowned research. Providence Cancer Institute is home to the Earle A. Chiles Research Institute, a world-class research facility located within the Robert W. Franz Cancer Center in Portland, Oregon, and is a recognized leader in the field of cancer immunotherapy since 1993. Investigators lead more than 400 active clinical trials in key areas such as cancers of the: breast, colon/rectum, prostate, lung, esophagus, liver and pancreas, head and neck, ovary, skin and blood. Other studies are investigating treatments for COVID-19. Learn more at providenceoregon.org/cancer.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future financial performance, and use words such as “may,” “estimate,” “could,” “expect” and others. They are based on management’s current expectations and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the statements. These statements include those regarding the hope that Galectin’s development program for belapectin will lead to the first therapy for the treatment of fatty liver disease with cirrhosis and those regarding the hope that our lead compounds will be successful in cancer immunotherapy and in other therapeutic indications. Factors that could cause actual performance to differ materially from those discussed in the forward-looking statements include, among others, that trial endpoints required by the FDA may not be achieved; Galectin may not be successful in developing effective treatments and/or obtaining the requisite approvals for the use of belapectin or any of its other drugs in development; the Company may not be successful in scaling up manufacturing and meeting requirements related to chemistry, manufacturing and control matters; the Company’s current NASH-RX clinical trial and any future clinical studies as modified to meet the requirements of the FDA may not produce positive results in a timely fashion, if at all, and could require larger and longer trials, which would be time consuming and costly; plans regarding development, approval and marketing of any of Galectin’s drugs are subject to change at any time based on the changing needs of the Company as determined by management and regulatory agencies; regardless of the results of any of its development programs, Galectin may be unsuccessful in developing partnerships with other companies or raising additional capital that would allow it to further develop and/or fund any studies or trials. Galectin has incurred operating losses since inception, and its ability to successfully develop and market drugs may be impacted by its ability to manage costs and finance continuing operations. Global factors such as COVID-19 may limit access to NASH patient populations around the globe and slow trial enrollment and prolong the duration of the trial and significantly impact associated costs as well as impact other trial related activities including, amongst others, manufacturing and regulatory reviews. For a discussion of additional factors impacting Galectin’s business, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and subsequent filings with the SEC. You should not place undue reliance on forward-looking statements. Although subsequent events may cause its views to change, management disclaims any obligation to update forward-looking statements.

Company Contact:

Jack Callicutt, Chief Financial Officer
(678) 620-3186
[email protected]

Galectin Therapeutics and its associated logo is a registered trademark of Galectin Therapeutics Inc. Belapectin is the USAN assigned name for Galectin Therapeutics’ galectin-3 inhibitor GR-MD-02.