International Game Technology PLC Announces A Benchmark Offering Of Senior Secured Notes Due 2026

PR Newswire

LONDON, March 16, 2021 /PRNewswire/ — International Game Technology PLC (NYSE:IGT) (“IGT“) today announced a benchmark offering of senior secured notes denominated in U.S. dollars due 2026 (the “Notes“), subject to customary market and closing conditions (the “Offering“). Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.

IGT intends to use the proceeds from the Offering and may use proceeds of utilizations under IGT’s senior revolving credit facilities to redeem IGT’s 2022 6.250% Notes at the optional redemption price therefor (i.e., to exercise the make-whole call option) in whole or in part and to pay certain debt issuance costs incurred in connection with the Offering.

The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the
“

Securities Act

“),
 and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.

The Notes are being offered and sold only (i) in the United States to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

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

Neither the content of
IGT’s
 website nor any website accessible by hyperlinks on
IGT’s
 website is incorporated in, or forms part of, this news release.

The distribution of this news release into certain jurisdictions may be restricted by law. Persons into whose possession this news release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

In member states of the European Economic Area and the United Kingdom, this news release (and any offer of the securities referred to herein if made subsequently) is only addressed to and directed at persons who are “qualified investors” within the meaning of Prospectus Regulation (EU) 2017/1129 (including as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018).

The communication of this news release and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the
“FSMA“). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents or materials is exempt from the restriction on financial promotions under Section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order“); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents or materials may lawfully be made under the Financial Promotion Order. Any investment or investment activity to which this news release relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivalled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.IGT.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company“) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall”, “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2020 and other documents filed from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contacts

Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada, +1 (401) 392-7452
Francesco Luti, +39 3485475493; for Italian media inquiries
James Hurley, Investor Relations, +1 (401) 392-7190

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SOURCE International Game Technology PLC

Gebrüder Weiss demonstrates resilience

The international logistics company posted net sales of 1.77 billion euros during the past financial year / Key milestones achieved in digitalization, sustainability and global network growth

Lauterach, March 16, 2021 (GLOBE NEWSWIRE) — The international transport and logistics company Gebrüder Weiss posted net sales of 1.77 billion euros in its 2020 financial year. This represents a year-over-year increase of 3.7 percent (2019: 1.71 billion euros). As such, the company continues to drive the growth it has been generating in previous years. “Key to our positive development was the fact that we remained flexible and fully operational during the Covid-19 crisis – at all of our locations worldwide. We retained our ability to provide the transport solutions our customers need, despite repeated lockdowns and global cargo space shortages. Our employees have performed outstanding work under difficult conditions,” says Wolfram Senger-Weiss, Chairman of the Management Board at Gebrüder Weiss.

 

Best of both worlds: Digital strategy proves its value
The company set a milestone in its ongoing digitalization when it launched the new customer portal myGW in 2020. The online platform offers fast, direct, and straightforward access to all Gebrüder Weiss services while providing real-time status information. “Our digital strategy ‘Best of Both Worlds’ – by which we mean the combination of physical and digital competence – has proven itself successful during this crisis. We have been able to underscore our reputation as a reliable and innovative logistics partner. The positive customer feedback has reaffirmed our strategic direction,” says Wolfram Senger-Weiss. The customer portal is currently operating in Austria, Germany, Switzerland, Hungary, Slovakia, and the Czech Republic. A rollout into further countries is planned for this year.

 

Worldwide network expanded
The year 2020 also saw Gebrüder Weiss make renewed progress in strategically extending its global reach: in the air and sea freight division, Gebrüder Weiss added locations in Germany and entered the markets in Poland, South Korea, Malaysia, Australia, and New Zealand. “Given the restrictions on travel, the expansions were all implemented remotely. This involved daunting challenges for the various teams – which they managed well using digital communication tools,” says Senger-Weiss. The international network now comprises a workforce of 7,400 employees (full-time equivalent) at 170 locations in 35 countries. All in all, the logistics company invested more than 70 million euros in expanding and extending its terminal network and in IT infrastructure, as well as in acquisitions. The equity ratio again exceeded 60 percent, a major reason behind the company’s strength and ability to continue evolving despite adverse conditions.

 

In the United States, despite a very difficult environment in 2020, Gebrüder Weiss was able to move forward with plans to open a new warehouse in California’s Inland Empire. The US team navigated challenges to achieve an overall result that was better than expected.  “One of the reasons I believe we were able to overcome many of the obstacles we faced last year was because we prioritized the health and safety of our staff. This important effort helped ensure our customers’ supply chains experienced as little disruption as possible,” said Mark McCullough, CEO of Gebrüder Weiss USA.

 

Focus on sustainability: CO2 neutrality by 2030
Clearly defined goals are also a hallmark of the Gebrüder Weiss sustainability strategy: with CO2 emissions set to be reduced by ten percent annually, the company aims to be CO2 neutral by 2030. The measures taken include the installation of further photovoltaic systems at its own logistics terminals, coupled with increasing the use of alternative drive technologies such as electricity, gas, and hydrogen for trucks. Since last year, Gebrüder Weiss has also been offering customers the option of offsetting their carbon emissions with support for certified climate protection projects.

 

The diverging development at the company’s individual divisions reflects the economic volatility of the past year. Given the various restrictions and the closures of some customers’ plants, especially during Q2, the land transport and logistics division saw its sales decline by 4.3 percent to 1.10 billion euros (2019: 1.15 billion euros). Higher demand in online retailing produced a 29 percent increase in home delivery consignments (1.37 million consignments in 2020) – an area in which Gebrüder Weiss is the market leader in Austria and several Eastern European countries. At 470 million euros, sales in air and sea freight were up by 23.7 percent (2019: 380 million euros). Along with a strong business performance, most notably in the air freight sector, the acquisition of Ipsen Logistics had a positive impact. Against a backdrop of severe challenges, DPD Austria, which is partly owned by the Gebrüder Weiss parcel service, delivered more than 57 million parcels. This increase of more than ten percent was successfully managed despite the coronavirus crisis.

 

About Gebrüder Weiss
Gebrüder Weiss, a global freight forwarder with a core business of overland transport, air, and sea freight and logistics, is the world’s oldest transport company with a history that dates back more than 500 years. The family-owned company employs more than 7,400 people worldwide and boasts 170 company-owned locations. The business established a presence in the United States in Chicago in 2017 and has since expanded its North American locations to include Atlanta, Boston, Dallas, Los Angeles, New York, San Francisco, Montreal, Toronto, and Vancouver. Developing and changing with its customers’ needs during its long history, Gebrüder Weiss is also a pioneer in sustainable business practices having implemented myriad ecological, economic, and social initiatives.  The company’s voyage into North America, along with its continuous growth, illustrates the need for highly experienced providers of global solutions through an international network of supply chain experts. Customized solutions with a single point of contact provide customers with an exceptional service experience focused on reliable and economical solutions.

 

Media Contact:

Karolyn Raphael, Winger Marketing


[email protected]

T  312-494-0422

 

Gebrüder Weiss

251 Wille Road, Suite C
IL 60018 Des Plaines

T 847.795.4300

[email protected]

www.gw-world.com

 

Contact

Gebrüder Weiss Corporate Communications

Merlin Herrmann

[email protected]

Bundesstrasse 110, A-6923 Lauterach

T +43.5574.696.2169

F +43.5.9006.2173

www.gw-world.com 

www.gw-world.com/de/news

 

Attachments



Karolyn Raphael
Gebrüder Weiss
3124940422
[email protected]

Adagene Announces First Patients Dosed in Global Phase 1 Clinical Trial of ADG126, Lead SAFEbody™ Program

SAFEbody technology enables precision masking of antibodies for enhanced safety

SAN FRANCISCO and SUZHOU, China, March 16, 2021 (GLOBE NEWSWIRE) — Adagene Inc. (“Adagene”) (Nasdaq: ADAG), a platform-driven, clinical-stage biopharmaceutical company committed to transforming the discovery and development of novel antibody-based immunotherapies, today announced the first patients have been dosed in its global Phase 1 clinical trial of ADG126 for the treatment of various advanced solid tumors. ADG126 is a fully-human, antagonistic monoclonal antibody (mAb) targeting a novel epitope of CTLA-4 and is Adagene’s lead SAFEbody™ product candidate.

“Dosing the first patients in our Phase 1 clinical trial of ADG126 is an exciting milestone for the development of our SAFEbody technology platform,” said Peter Luo, Ph.D., Co-founder, Chief Executive Officer and Chairman of Adagene. “SAFEbody technology is designed to mask antibody binding sites, which will be activated specifically within the tumor microenvironment (TME), to provide favorable safety and efficacy with significantly enhanced therapeutic windows. Our most advanced SAFEbody candidate, ADG126 targets a conserved epitope of CTLA-4 with broad species cross-reactivity for potent Treg depletion via strong antibody-dependent cellular cytotoxicity (ADCC) in TME versus peripheral tissue. Our preclinical studies provide proof-of-concept for the potential of ADG126 in leveraging our SAFEbody platform to overcome standing issues associated with existing anti-CTLA-4 therapies by limiting on-target off-tumor toxicities in normal tissues.”

“Existing cancer therapies that target CTLA-4 are associated with safety concerns, creating an unmet need for new anti-CTLA-4 therapies that are both safe and potent,” said Anthony W. Tolcher, M.D., FRCPC, FACP, medical oncologist, co-founder of NEXT Oncology ™, Adagene advisor and study investigator. “ADG126 demonstrated an impressive safety margin while maintaining its potent antitumor efficacy in pre-clinical studies, and I look forward to its evaluation in patients with advanced solid tumors.”

The global Phase 1 open-label, dose-escalation clinical trial is investigating the tolerability and anti-tumor activity of ADG126 in patients with advanced/metastatic tumors in multiple clinical sites in Australia. Adagene has also received approval from the FDA to initiate the Phase 1 clinical trial of ADG126 in the United States. The dose escalation trial will test five doses at 0.1, 0.3, 1.0, 3.0 and 10 mg/kg, with dose-limiting toxicities (DLT) evaluation for 3 weeks. Additional information about this clinical trial is available at ClinicalTrials.gov using the identifier: NCT04645069.

About ADG126

ADG126 is a fully human antagonistic mAb targeting a novel epitope of CTLA-4 and has been shown to specifically deplete regulatory T-cells in tumors. ADG126 is Adagene’s lead SAFEbody™ product candidate. The SAFEbody technology, developed using Adagene’s AI-powered platform, enables binding of an antibody to a specific target only after conditional activation of the antibody in target tissues.

In preclinical studies, ADG126 was well tolerated in cynomolgus monkeys in a four-week repeat-dose GLP toxicology study at doses up to 200 mg/kg, and demonstrated an encouraging antitumor response in multiple immune-competent mouse tumor models in a dose-dependent manner both as a single agent and in combination with anti-PD1 and other therapies.

Unlike anti-PD1/PD-L1 check point inhibitors, anti-CTLA-4 is known for its dose-dependent clinical response in single and combination therapies, which is severely limited by the narrow therapeutic window available to current anti-CTLA-4 therapies.  The large safety margin shown by ADG126 GLP toxicology studies of up to 200 mg/kg in targeting CTLA-4 will make it possible to dose patients for their optimal clinical benefits in single and combination therapies.

About Adagene

Adagene Inc. (Nasdaq: ADAG) is a platform-driven, clinical-stage biopharmaceutical company committed to transforming the discovery and development of novel antibody-based cancer immunotherapies. Adagene combines computational biology and artificial intelligence to design novel antibodies that address unmet patient needs. Powered by its proprietary DPL platform, composed of NEObody, SAFEbody, and POWERbody technologies, Adagene’s highly differentiated pipeline features novel immunotherapy programs. Adagene has forged strategic collaborations with reputable global partners that leverage its technology in multiple approaches at the vanguard of science.

For more information, please visit: https://investor.adagene.com.

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding data from the ADG126 preclinical studies and Phase I clinical trial, the potential implications of clinical data for patients, and Adagene’s advancement of, and anticipated clinical development, regulatory milestones and commercialization of ADG126. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including but not limited to Adagene’s ability to demonstrate the safety and efficacy of its drug candidates; the clinical results for its drug candidates, which may not support further development or regulatory approval; the content and timing of decisions made by the relevant regulatory authorities regarding regulatory approval of Adagene’s drug candidates; Adagene’s ability to achieve commercial success for its drug candidates, if approved; Adagene’s ability to obtain and maintain protection of intellectual property for its technology and drugs; Adagene’s reliance on third parties to conduct drug development, manufacturing and other services; Adagene’s limited operating history and Adagene’s ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates; Adagene’s ability to enter into additional collaboration agreements beyond its existing strategic partnerships or collaborations, and the impact of the COVID-19 pandemic on Adagene’s clinical development, commercial and other operations, as well as those risks more fully discussed in the “Risk Factors” section in Adagene’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to Adagene, and Adagene undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Investors Contact

Raymond Tam
Adagene
86-512-8777-3626
[email protected]

Bruce Mackle
LifeSci Advisors
646-889-1200
[email protected]

Media Contact

Annie Starr
6 Degrees
973-768-2170
[email protected]



IMAGIN MEDICAL REPORTS MANUFACTURING PROGESS

VANCOUVER, B.C. / BOSTON, March 16, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Imagin Medical Inc. (CSE: IME) (OTCQB: IMEXF) (Frankfurt & Stuttgart Symbol: DPD2) (“Imagin” or the “Company”) today reported continued progress towards commercial-stage manufacturing capability with Lighthouse Imaging (“Lighthouse”).

Prior to Imagin’s selection of Lighthouse as its contract manufacturer for the i/Blue Imaging System™ in October 2020, the Company received multiple fully functional feasibility units from its original design partner, Optel, Inc. Lighthouse’s development program has since focused on further refining the design to support Imagin’s submissions to the U.S. Food and Drug Administration and to ensure final device performance, compliance with all applicable regulatory standards, and optimal manufacturability to meet both cost targets and anticipated user demand.

“We chose Lighthouse because of its accomplished history of taking innovative products like our i/Blue System and applying its cross-functional expertise in optics, electronics, software and mechanical design to move into commercial manufacturing,” commented Mike Vergano, Imagin’s Director of Engineering and Quality. “We have not been disappointed. The Lighthouse team’s work to-date has been exceptional, and we look forward to that continuing.”

“As previously reported, the impact of the COVID-19 pandemic in 2020 altered our product timeline by approximately nine months, moving expected completion into 2022,” said Jim Hutchens, Imagin’s President and CEO. “The good news is that Lighthouse’s program has stayed on schedule and we expect it to remain on target going forward.”

About Imagin Medical

Imagin Medical is a surgical imaging company focused on advancing new methods of visualizing cancer during minimally invasive procedures. The Company believes its first product, the i/Blue™ Imaging System, with its proprietary optics and light sensors, will greatly increase the efficiency and accuracy of detecting cancer for removal, helping to reduce recurrence rates. The Company’s initial focus is bladder cancer. Learn more at www.imaginmedical.com.


Forward-Looking Statements


Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward- looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Specifically, there is no assurance the Company’s imaging system will work in the manner expected.  Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.


Contact:

Jim Hutchens
President & CEO
Telephone: 833-246-2446

Corporate Communications:

InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]



Vaccinex Reports Fourth Quarter 2020 Financial Results and Provides Corporate Update

Reported top-line results from Phase 2 SIGNAL study that indicates potential cognitive benefit of pepinemab in neurodegenerative disease. New Alzheimer’s study expected to begin enrollment in Q2

Phase 1/2 study to evaluate pepinemab in combination with KEYTRUDA® in advanced, recurrent or metastatic head and neck squamous cell carcinoma also expected to initiate enrollment in Q2

In first quarter 2021, raised $32 million in net proceeds through its pre-existing open sale market agreement

ROCHESTER, N.Y., March 16, 2021 (GLOBE NEWSWIRE) — Vaccinex, Inc. (Nasdaq: VCNX), a clinical-stage biotechnology company pioneering a differentiated approach to treating cancer and neurodegenerative disease through the inhibition of SEMA4D, today announced financial results for the fourth quarter and full year ended December 31, 2020 and provided a corporate update.

“We had a productive fourth quarter, during which we presented topline data from our SIGNAL phase 2 study in Huntington’s disease which indicated that treatment with pepinemab has a potential cognitive benefit in patients with Huntington’s disease,” stated Maurice Zauderer, Ph.D., president and chief executive officer. “Looking forward, during the second quarter of 2021 we anticipate initiating studies of pepinemab in head and neck cancer in combination with Merck’s KEYTRUDA® as well as a new trial in Alzheimer’s disease, with financial assistance from the Alzheimer’s Association and the Alzheimer’s Drug Discovery Foundation. Importantly, having raised $32 million in the first quarter of 2021 through our open sale market agreement with Jefferies, we believe we are well positioned to fund these trials, which are anticipated for completion in H2 2022/Q1 2023. Based on existing clinical data, we are hopeful that the results will demonstrate the broad clinical potential of SEMA4D inhibition and support further development of pepinemab in these important indications.”

“With regards to our Huntington’s disease program, after completing analysis of the full data set, we believe there is a promising path forward in mid-stage disease, and we are currently engaged in potential partnering discussions to fund and execute a rigorously designed Phase 3 study,” Dr. Zauderer concluded.     

Pepinemab Clinical Updates:

  • Alzheimer’s disease. Vaccinex previously announced that it had been awarded a $750,000 development grant from the Alzheimer’s Association under the 2020 Part the Cloud Program, as well as a $3 million award from the Alzheimer’s Drug Discovery Foundation. The awards were based in part on earlier findings that treatment with pepinemab prevented the characteristic loss of glucose transport in the brain during underlying Huntington’s disease progression as detected by conventional FDG-PET imaging. Uptake of glucose, the main source of energy in the brain, is also known to decline with underlying disease progression in Alzheimer’s disease. In particular, previous studies in AD have shown that decline in brain glucose transport correlates with cognitive decline and, more recently, that FDG-PET is a superior indicator of cognitive performance compared to Aβ amyloid-PET in AD.

Dr. Eric Siemers, MD, formerly senior medical director of the Alzheimer’s Disease Global Development Program at Eli Lilly and Company, will serve as Senior Medical Director of this randomized, placebo-controlled, multi-center clinical study which is expected to begin enrolling patients in 2Q 2021.

  • Head and Neck cancer. In September 2020, Vaccinex announced a clinical collaboration with Merck to evaluate pepinemab in combination with Merck’s anti-PD-1 cancer immunotherapy, KEYTRUDA® (pembrolizumab), in a Phase 2 study for front-line treatment of advanced, recurrent or metastatic head and neck squamous cell carcinoma. Multiple prior studies suggest that inhibition of SEMA4D increases immune infiltration and alters the balance of cytotoxic and immunosuppressive cells in the tumor microenvironment. As SEMA4D is highly expressed in head and neck cancer, we believe there is strong rationale for development in this indication.

The Company expects to begin enrollment of up to 65 patients in the second quarter of 2021. The study is designed to assess whether combination therapy can significantly improve responses to KEYTRUDA® in this population. Key endpoints of the study are expected to include objective response, progression free survival and overall survival.

  • Huntington’s disease. In September 2020, Vaccinex reported topline data from its Phase 2, double-blind, placebo-controlled SIGNAL trial of pepinemab in patients with early manifest and prodromal Huntington’s disease (HD). The study had two co-primary endpoints, a family of two cognitive assessments from the Huntington’s Disease Cognitive Assessment Battery and Clinical Global Impression of Change (CGIC).

Although the study did not meet the above pre-specified co-primary endpoints, we believe the results of each of the two cognitive assessments in patients with early manifest disease demonstrated a strong trend for beneficial change (OTS, p=0.028 and PTAP, p=0.06, 1-sided). Given the favorable trend of results, an exploratory endpoint, the HD-CAB composite score encompassing the full set of 6 different cognitive assessments was also evaluated and is believed to indicate highly significant treatment-related benefit (p=0.007). Similarly, the treating physicians’ evaluation of CGIC in these patients did not show a statistically significant difference between the placebo and pepinemab-treated groups. However, given the difficulty of detecting changes in CGIC at the top of the functional capacity scale (TFC 12-13), a subpopulation analysis of patients who were somewhat more advanced in disease progression at baseline (TFC 11) indicated an improved outcome (p=0.04, 1-sided), albeit in a smaller population that was not powered for statistical significance. Beneficial effects of pepinemab treatment were supported by imaging analysis. Exploratory volumetric MRI analysis of brain in patients with early manifest disease demonstrated statistically significant treatment-related reduction in atrophy of the brain caudate, a key brain region in early HD progression. In addition, FDG-PET analysis of metabolic activity indicated that treatment resulted in a statistically significant increase in glucose transport in the majority of brain regions examined.

Overall, we believe that the results of the SIGNAL trial suggest that pepinemab may help protect against cognitive decline during HD progression. Vaccinex is actively exploring partnering pepinemab for a large pivotal Phase 3 HD trial in collaboration with a biopharmaceutical partner.

  • Other Trials. Pepinemab is also being evaluated in multiple investigator-sponsored trials (ISTs) being conducted by the Winship Cancer Institute of Emory University to evaluate pepinemab in combination with checkpoint inhibitors in “Window of Opportunity” studies in colorectal, pancreatic, head and neck cancer and melanoma.

Other Recent Accomplishments:

  • Entered into multi-project deals with two leading pharmaceutical companies focused on leveraging Vaccinex’s ActivMAb® antibody discovery and novel viral display platform to discover drugs against complex membrane receptors such as GPCRs and ion channels.
  • Announced that Surface Oncology will be exercising its option to license the anti-CCR8 antibody discovered via Vaccinex’s ActivMAb® platform. The terms of agreement with Surface Oncology provided that Surface Oncology pay technology access and licensing fees in addition to research funding, and that Vaccinex will qualify for development milestone payments and royalties on commercial sales.
  • Subsequent to the end of the fourth quarter, the Company raised $32 million in net proceeds through its existing open sale market agreement, or ATM.

Upcoming Anticipated Milestones:

  • Q2 2021 – Planned initiation of a Phase 1b/2 clinical trial of pepinemab in combination with KEYTRUDA® for the treatment of patients with HNSCC
  • Q2 2021 – Expected initiation of Alzheimer’s disease Phase 1/2 trial
  • H2 2022 – Data anticipated from open head and neck cancer trial of combination immunotherapy with KEYTRUDA®
  • Late 2022/Q1 2023 – Data anticipated from randomized Alzheimer’s trial

Financial Results for the Three and Twelve Months Ended December 31, 2020:

Revenue. Revenue for the year ended December 31, 2020 was $625,000 as compared to $523,000 for the year ended December 31, 2019. The Company’s revenues were generated primarily from a grant awarded under the Part the Cloud Program from the Alzheimer’s Association.

Research and Development Expenses. Research and development expenses for the three months ended December 31, 2020 were $4.2 million as compared to $4.4 million for the comparable period in 2019. For the full year 2020, research and development expenses were $21.5 million as compared to $25.7 million for the full year 2019. Research and development expense decreased compared to the prior year periods primarily as a result of decreased spend associated with the Huntington Disease trial.

General and Administrative Expenses. General and administrative expenses for the three months ended December 31, 2020 were $1.8 million as compared to $1.9 million for the comparable period in 2019. For the full year 2020, general and administrative expenses were $7.4 million as compared to $6.7 million for the full year 2019. The increased expense versus the prior year was primarily driven by increased D&O insurance premiums.

Cash and Cash Equivalents and Marketable Securities. Cash and cash equivalents and marketable securities on December 31, 2020 were $10.6 million, as compared to $2.8 million as of December 31, 2019. Subsequent to the end of the fourth quarter 2020, the Company raised $32 million in net proceeds through its pre-existing ATM.

About Vaccinex, Inc.

Vaccinex, Inc. is pioneering a differentiated approach to treating cancer and slowly progressive neurodegenerative diseases through the inhibition of semaphorin 4D (SEMA4D). The Company’s lead drug candidate, pepinemab, blocks SEMA4D, a potent biological effector that prevents immune infiltration into tumors and triggers chronic inflammation in the brain. The Company additionally intends to leverage its proprietary drug discovery platform, ActivMAb®, to create opportunities for future pipeline expansion and strategic collaborations, particularly by exploiting its unique capability to select high value antibodies against important multi-pass membrane receptors including GPCR and ion channels.

Forward Looking Statements

To the extent that statements contained in this presentation are not descriptions of historical facts regarding Vaccinex, Inc. (“Vaccinex,” “we,” “us,” or “our”), they are forward-looking statements reflecting management’s current beliefs and expectations. Such statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of our clinical trials of pepinemab in various indications, the use and potential benefits of pepinemab in Huntington’s and Alzheimer’s disease and other indications, and other statements identified by words such as “may,” “will,” “appears,” “expect,” “exploratory,” “planned,” “anticipate,” “estimate,” “intend,” “hypothesis,” “promising,” “potential,” “hopeful,” “advance,” and similar expressions or their negatives (as well as other words and expressions referencing future events, conditions, or circumstances). Forward-looking statements involve substantial risks and uncertainties that could cause the outcome of our research and pre-clinical development programs, clinical development programs, future results, performance, our history of operating losses and need to raise additional capital to continue as a going concern, or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, uncertainties inherent in the execution, cost and completion of preclinical and clinical trials, uncertainties related to regulatory approval, risks related to our dependence on our lead product candidate pepinemab, the impact of the COVID-19 pandemic, and other matters that could affect our development plans or the commercial potential of our product candidates. Except as required by law, we assume no obligation to update these forward-looking statements. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statement, see the section titled “Risk Factors” in our periodic reports filed with the Securities and Exchange Commission (“SEC”) and the other risks and uncertainties described in our Form 10-K dated March 9, 2020 and subsequent filings with the SEC.

Investor Contact 
Jeremy Feffer 
LifeSci Advisors, LLC 
212-915-2568 
[email protected] 
Media Contact

Cait Williamson, Ph.D.
LifeSci Communications, LLC
646-751-4366
[email protected]



LeaseLock Announces $1 Billion in Leases Insured as Deposits Become Extinct

LeaseLock Announces $1 Billion in Leases Insured as Deposits Become Extinct

Enterprise B2B insurtech platform doubles business in five-month span

MARINA DEL REY, Calif.–(BUSINESS WIRE)–LeaseLock, the world’s leading insurtech platform for real estate, today announced the acceleration of its rapid growth, surpassing the $1 billion milestone in insured lease value for residential apartment homes.

LeaseLock offers the only fully integrated solution in online leasing checkout systems that automatically ejects security deposits from multifamily operating infrastructure. The business is experiencing accelerated growth—taking 24 months to achieve $500 million in leases insured and doubling to $1 billion in only five months. This milestone comes shortly after LeaseLock announced it’s $52M Series B investment to power growth.

“Deposits are under threat and the pandemic is accelerating their demise,” said Derek Merrill, CEO and co-founder of LeaseLock. “Leading operators recognize the tectonic shift and are deploying our B2B insurtech solution to gain a competitive edge in leasing while insuring their assets against future uncertainty.”

In 2020 LeaseLock grew 400% in homes on its platform, ending the year with reach across 1.5 million apartment homes in 36 states. More specifically:

  • 5.4 multifamily communities added to the platform daily
  • $3.5 million in lease value insured daily
  • $560,000 of deposits ejected at online checkout daily
  • 1.1 billion risk data points analyzed daily

“Security deposits and alternatives have failed our industry for many years. LeaseLock is the only fully integrated insurtech solution that gets our organization out of the deposit business altogether,” said Mark Stringer, EVP Avenue5 Residential, with a portfolio of over 80,000 apartment homes.

LeaseLock leverages deep integrations into property management systems, including Yardi, RealPage, ResMan, Entrata and MRI to deploy its Zero Deposit™ product instantaneously. Operators are able to market their communities as Zero Deposit, offer a seamless leasing checkout experience, and eliminate any effort for onsite teams.

LeaseLock pioneered a new risk underwriting model powered by property system data and artificial intelligence to optimize key performance indicators like leasing speed, occupancy, and bad debt. The AI is continuously improved and trained as 22 million risk data points are added daily as more portfolios are onboarded to the insurtech platform.

“The multifamily industry has long been waiting for an automated technology-based solution that fully eliminates deposits rather than just another partially-adopted ‘deposit alternative’ offered by leasing staff. LeaseLock is the answer,” said Reichen Kuhl, President and co-founder of LeaseLock.

NMHC Top 50 operator LeaseLock clients include Greystar, Cushman & Wakefield (Pinnacle), Avenue5 Residential, Harbor Group Management Co., LMC, and RKW Residential. Top ownership clients include Goldman Sachs, ColRich, GoldCor, Olive Tree, TruAmerica, White Oak, Trinsic, Strata Equity Group, and Goodman Real Estate.

About Us

LeaseLock is the world’s leading insurtech platform for real estate.

Our flagship lease insurance product leverages artificial intelligence to eliminate security deposits from enterprise operating infrastructure—powering a faster, simpler, more affordable rental transaction. LeaseLock seamlessly deploys within the native online leasing checkout, resulting in significant conversion lift—while instantly generating industry-leading coverage for the property on every lease.

LeaseLock has insured over $1 billion in leases backed by insurance rated A (Excellent) by A.M. Best. Our global investors include SoftBank Ventures Asia, Wildcat Ventures, Westerly Winds, Vertex Ventures US, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures, and Mucker Capital.

LinnellTaylor Marketing

Marlena DeFalco

Account Director

(303) 682-3943

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Technology Other Construction & Property Other Technology Insurance Finance Construction & Property

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Western Union Wins FinTech Breakthrough Award for “Consumer Payments Innovation”

Western Union Wins FinTech Breakthrough Award for “Consumer Payments Innovation”

Recognized for outstanding financial technology enabling financial institutions with seamless cross-border, cross-currency money movement

DENVER–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today was named winner of the “Consumer Payments Innovation Award” in the fifth annual FinTech Breakthrough Awards for 2021. The company’s innovative cross-border money transfer solution was awarded for its ‘plug and play’ technology used by a growing number of financial institutions to offer seamless, convenient, reliable, and fast international money transfer capabilities for their customers, connecting them to more than 200 countries and territories and over 130 currencies.

Western Union’s White Label Digital Partner technology solution enables FIs to use their existing branded customer technological interface to provide international money transfer services. FI’s customers can fund the transfers drawing from their linked bank accounts, wallets, or cards and choose to pay their receivers through the world’s widest-reaching networks, operated by Western Union, accessing billions of bank accounts, millions of digital wallets, and cards, and over half a million retail locations.

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders, and visionaries worldwide in various categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more. The 2021 FinTech Breakthrough Award program attracted more than 3,850 nominations from across the world.

“Western Union continues to deliver stellar customer experiences for consumers and businesses, moving money around the world every day, simplifying international money transfer complexities, including compliance, regulatory control, and settlement in over 130 currencies. Western Union has taken decades of innovation in serving its own branded customers and is now offering this functionality in a breakthrough white-label arrangement, driving even more cross-border connections for the wider financial sector,” said James Johnson, Managing Director, FinTech Breakthrough.

FinTech Breakthrough Awards perform the most in-depth evaluation of the sector to recognize the creativity, hard work, and success of innovative FinTech companies, technologies, and products worldwide.

“We are thrilled with the 2021 FinTech Breakthrough Award win and are honored with the recognition for our innovative cross-border money movement ‘plug and play’ capability, offered white label or branded as a part of our Digital Partner technology solution,” said Western Union President of Global Network, Jean Claude Farah.

Farah continued, “FI customers can initiate transactions from their bank website or mobile app and send directly to beneficiaries’ bank accounts, mobile wallets, cards, or for in-person cash pickup throughout Western Union’s leading global financial network bridging more than 200 countries and territories and over 130 currencies. With our Western Union Digital Partner technology solution, FIs can count on us to handle the cross-border payout of transactions seamlessly, in minutes, at scale, and in compliance with national and international regulations.”

The opening of Western Union’s cross-border platform and global financial network to third parties marks a strategic step to evolve Western Union to a diversified payments company, accessing adjacent cross-border money movement segments, and adding incremental customers.

FIs and the customers they serve no longer need to be confined to expensive, unpredictable, traditional cross-border payment channels. Western Union’s solution keeps the customer experience firmly in the hands of the FI – from the user interface to branding to pricing – while Western Union takes care of the complexities of the cross-border payout to the beneficiary. Additionally, Western Union’s robust compliance and risk ecosystem supports partners with sanctions and interdiction screening, and real-time risk assessment to detect and prevent fraud while also meeting local regulatory requirements for payouts.

About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows, and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments, and consumers through one of the world’s widest-reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and over half a million retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.

About FinTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech, and more. For more information, visit FinTechBreakthrough.com.

WU-G

Media Contact

Rachel Rogala, Western Union

[email protected]

+1 303-808-2674

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Professional Services Technology Other Technology Finance Software Banking

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QAD India Wins Global HR Excellence Award for Organizations with Best Employee Relations Practices

QAD India Wins Global HR Excellence Award for Organizations with Best Employee Relations Practices

QAD Rupali Mahadik Also Honored as an HR Super Achiever (India)

SANTA BARBARA, Calif.–(BUSINESS WIRE)–QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced that QAD India has won a Global HR Excellence award for Best Employee Relations Practices presented by World HRD Congress.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210316005349/en/

QAD wins Global HR Excellence Award for Organizations with Best Employee Relations Practices.  (Photo: Business Wire)

QAD wins Global HR Excellence Award for Organizations with Best Employee Relations Practices. (Photo: Business Wire)

“We are proud to receive the Global HR Excellence Award for Organizations with Best Employee Relations Practices,” said QAD Senior VP and Chief People Officer Kaye Swanson. “Acknowledgment from the Council, for our OneQAD framework; our QAD Cares program in response to the COVID-19 pandemic; and, for the promotion throughout the organization of our Core Values – Clarity, Unity, and Agility, is gratifying. Additionally, the award validates that our talent development strategies, reward and recognition, employee experience, and emphasis on diversity and inclusion help our employees accelerate their performance and drive to deliver a superior customer experience.”

The Times Ascent Presents 29th Edition of the World HRD Congress and Awards 2021 were presented Feb. 16 during an award ceremony at the Taj Lands Ends, Mumbai. The awards recognize the Best of the Best in Human Resources. In addition to the Global HR Excellence Award, QAD Senior Human Resources Manager Rupali Mahadik won an HR Super Achiever (India) award recognizing her as a thought leader in Human Resources. QAD was recognized last year as one of India’s “Dream Companies to Work for” at World HRD Congress 2020.

Launched in 1992, the annual World HRD Congress reviews evolving trends in human resource management and provides practitioners with opportunities to acquire skills and maximize competencies that are crucial in today’s fast-paced business environment. World HRD Congress brings together over 1,800 human resource professionals from more than 133 countries.

Based in Santa Barbara, California, QAD provides enterprise resource planning (ERP) software and services for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial manufacturing industries. Its India operations were founded in October 2005 and was recently expanded to help service the increasingly important Asia Pacific market, and especially India’s rapidly-growing automotive industry.

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS) to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +1 805-566-6100.Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

“QAD” is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Note to Investors: This press release contains certain forward-looking statements made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company’s current expectations. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” “would,” “might,” “plan” and variations of these words and similar expressions are intended to identify these forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to: risks associated with the COVID-19 (novel coronavirus) pandemic or other catastrophic events that may harm our business; adverse economic, market or geo-political conditions that may disrupt our business; our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company’s products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company’s latest Annual Report on Form 10-K and, in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.

QAD Inc.

Scott Matulis

Public Relations

818-451-8918

[email protected]

or

Evan Quinn

Analyst Relations

617-869-7335

[email protected]

KEYWORDS: United States India North America Asia Pacific California

INDUSTRY KEYWORDS: Data Management Professional Services Technology Software Human Resources

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QAD wins Global HR Excellence Award for Organizations with Best Employee Relations Practices. (Photo: Business Wire)

SmileDirectClub Announces Expansion of Oral Care Products to Walmart Canada Locations

The Leader in Telehealth Broadens Oral Care Retail Presence with Walmart Partnership

NASHVILLE, Tenn., March 16, 2021 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its suite of affordable yet premium oral care products, including the best-selling bright on™ premium teeth whitening system, whitening touchup pen, and electric toothbrush, will now be available at Walmart locations across Canada.

SmileDirectClub collaborated with Walmart in 2020 to launch its oral care line throughout its U.S. locations, and bright on™ quickly became the #1 whitening gel product in the U.S. market. Canadian shoppers may now purchase SmileDirectClub’s award-winning oral care products at more than 400 Walmart locations throughout Canada and on Walmart.ca.

Now available at Walmart Canada:


  • Electric toothbrush
    – This powerful, premium metal toothbrush cleans 50% better than a manual toothbrush – thanks to quiet, sonic vibration that moves bristles, not the handle. A 2-minute timer with quadrant timing ensures even brushing in the right areas for the right amount of time. The smart design is roll-resistant, to ensure the electric toothbrush stays put, and includes a versatile 3-in-1 case that works as a counter stand, a convenient mirror mount, and a travel-friendly cover. Available in graphite and SmileDirectClub’s signature blurple color.

  • bright on™ premium teeth whitening kit
    – SmileDirectClub’s award-winning bright on™ premium teeth whitening system, includes a patent-pending 20-LED accelerator light and whitening pens, formulated with the same enamel-safe whitening agent used by dentists. The simple-to-use product allows consumers to safely apply the whitening gel directly to their teeth through the no-mess brush applicator, resulting in a whiter smile for up to six months. The whitening touch-up pen, which can be purchased separately from the whitening kit, will also be sold at Walmart Canada.

“We are committed to providing consumers with the highest quality product at an affordable price,” said Amy Keith, Vice President of Retail at SmileDirectClub. “At SmileDirectClub, we continue to push boundaries to make oral care accessible across all sectors of the oral health industry. We are pleased to have the opportunity to serve a new customer by expanding our product line to Walmart Canada.”

SmileDirectClub is the only clear aligner brand that offers consumers an end-to-end solution to keep teeth fresh, clean, bright and healthy through its suite of affordable yet premium oral care products. Since launching in the U.S. in 2014, SmileDirectClub has become one of the fastest-growing health technology companies and continues to be the leading telehealth platform for orthodontia, straightening smiles for well over one million customers around the world.

To learn more about SmileDirectClub’s product offerings and availability in Canadian retailers visit: https://shop.smiledirectclub.ca/


About SmileDirectClub


SmileDirectClub, Inc. (Nasdaq: SDC) (“SmileDirectClub”) is an oral care company and creator of the first medtech platform for teeth straightening, now also offered directly via dentist and orthodontist offices. Through its proprietary technology and vertically integrated model, SmileDirectClub is revolutionizing the oral care industry, offering consumers the ability to get clinically safe and effective treatment but without the 3x markup associated with traditional orthodontics. SmileDirectClub’s mission is to democratize access to a smile each and every person loves by making it affordable and convenient for everyone, from clear aligner therapy to premium oral care products. SmileDirectClub is headquartered in Nashville, Tennessee and operates in the U.S., Canada, Australia, New Zealand, United Kingdom, Ireland, Germany, Austria, Spain, Netherlands, Hong Kong and Singapore. For more information, please visit SmileDirectClub.com.

Media Contact: 

[email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/021bbe09-372b-4e89-a6ba-b242233b21c5



IIROC Trade Resumption – MAXR

Canada NewsWire

TORONTO, March 16, 2021 /CNW/ – Trading resumes in:

Company: Maxar Technologies Inc.

TSX Symbol: MAXR

All Issues: Yes

Resumption (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