Death of R. Bruce Duncan, Canada Carbon Inc.’s Chief Executive Officer

MISSISSAUGA, Ontario, Nov. 16, 2020 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company”) (TSX-V: CCB):

It is with profound sadness that the management and Board of Directors of Canada Carbon Inc. (“the Company”) shares the news that its Chief Executive Officer, R. Bruce Duncan (“Bruce”) passed away suddenly on Thursday, November 12, 2020.

The Board of the Company states that, “We are deeply shocked and saddened by Bruce’s passing and our thoughts and deepest condolences are extended to Bruce’s family and friends.”

Bruce will be greatly missed at Canada Carbon. His high energy, vivacious character, affable personality, unwavering stubbornness, and passionate dedication to the Company lead Canada Carbon successfully through many trying times during his 15-year tenure as CEO. The Company would like to pay tribute to his contribution to the junior mining landscape.

The Board has appointed the Company’s Chief Financial Officer of 13 years, Olga Nikitovic, as its interim Chief Executive Officer, effective immediately. Olga, supported by the Company’s Board and associated technical staff, will ensure that the hard work invested by Bruce into Canada Carbon, and his resulting success, will continue to endure.

CANADA CARBON INC.

Board of Directors, Canada Carbon Inc.


Contact Information


E-mail inquiries: [email protected]
P: 905-813-8952

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).



Medallia Collaborates With Oracle Cloud CX to Help Brands Reinvent Customer Service Engagement

Medallia Collaborates With Oracle Cloud CX to Help Brands Reinvent Customer Service Engagement

The combination of Medallia Experience Cloud and Oracle CX Service delivers deep insights for superior customer service

SAN FRANCISCO–(BUSINESS WIRE)–Medallia, Inc. (NYSE: MDLA), a global leader in experience management and a member of Oracle PartnerNetwork (OPN), today announced it plans to integrate with Oracle CX Service to deliver real-time feedback on what customers think and feel about customer service interactions with a brand. Seamless routing of real-time feedback from Medallia gives brands a deep understanding of which services are effective, satisfying and driving customer loyalty, and which services are in need of improvement to increase customer retention.

“Recent events have put in motion a new set of customer behaviors and requirements. Businesses need to react quickly in order to continue providing services and pick up on the signals customers are sending,” said Rob Tarkoff, executive vice president and general manager, Oracle Cloud CX and Data Cloud. “With Oracle CX Service, and our work with partners like Medallia, we are helping brands make every customer interaction matter by providing our customers with the data they need to read and react to signals in real-time, and ultimately create lasting relationships with their customers.”

Medallia’s planned integration with Oracle CX Service will allow brands to proactively understand their customer’s experience by capturing a range of feedback signals that include web surveys, messaging, video, and voice analytics after a service interaction.

“Now, more than ever, customer engagements must be frictionless for brands to build relationships, revenues and results, and customer service is a key area that is ripe for transformation right now. Our relationship with Oracle will arm service teams with customer intelligence they can use to turn service into revenue,” said Leslie Stretch, chief executive officer for Medallia.

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About Medallia

Medallia (NYSE: MDLA) is the pioneer and market leader in Experience Management. Medallia’s award-winning SaaS platform, the Medallia Experience Cloud, leads the market in the understanding and management of experience for customers, employees and citizens. Medallia captures experience signals created on daily journeys in person, on calls and digital channels, over video and social media and IoT interactions and applies proprietary AI technology to reveal personalized and predictive insights that can drive action with tremendous business results. Using Medallia Experience Cloud, customers can reduce churn, turn detractors into promoters and buyers, create in-the-moment cross-sell and up-sell opportunities and drive revenue-impacting business decisions, providing clear and potent returns on investment.www.medallia.com

© 2019 Medallia, Inc. All rights reserved. Medallia®, the Medallia logo, and the names and marks associated with Medallia’s products are trademarks of Medallia. All other trademarks are the property of their respective owners.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates.

PR Contact:

Valerie Beaudett

[email protected]

+1 (650) 400-7833

IR Contact:

Carolyn Bass

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Networks Internet Data Management Technology Software

MEDIA:

Merus to Present at the Jefferies Virtual London Healthcare Conference

UTRECHT, The Netherlands and CAMBRIDGE, Mass., Nov. 16, 2020 (GLOBE NEWSWIRE) — Merus N.V. (Nasdaq:MRUS), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics™), today announced that Bill Lundberg, M.D., President and Chief Executive Officer, will participate in a fireside chat at the Jefferies Virtual London Healthcare Conference on Tuesday, November 17, 2020 at 14:40 p.m. GMT/9:40 a.m. ET.

A live webcast of the presentation will be available on the Investors page of the Company’s website, http://www.merus.nl/. An archived presentation will be available on the Merus website for a limited time.

About
Merus


Merus
 is a clinical-stage oncology company developing innovative full-length human bispecific and trispecific antibody therapeutics, referred to as Multiclonics®. Multiclonics® are manufactured using industry standard processes and have been observed in preclinical and clinical studies to have several of the same features of conventional human monoclonal antibodies, such as long half-life and low immunogenicity. For additional information, please visit Merus’ website, www.merus.nl and https://twitter.com/MerusNV.



Investor and Media Inquiries:

Jillian Connell
Merus N.V.
Investor Relations and Corporate Communications
617-955-4716
[email protected]

Liberated Syndication Reports 2020 Third Quarter Financial Results

Liberated Syndication Reports 2020 Third Quarter Financial Results

Company to Host Conference Call at 1:00 p.m. ET on Monday, November 16, 2020

PITTSBURGH–(BUSINESS WIRE)–Liberated Syndication Inc. (OTCQB:LSYN) (“Libsyn” or “the Company”), the industry’s leading podcast hosting platform, today announced its financial results for the third quarter ended September 30, 2020.

Quarterly Financial and Corporate Highlights

(All financial comparisons to the same period prior year period unless otherwise noted)

  • Total revenues of $6.5 million compared to $6.2 million, a 4.7% increase. Revenue growth was driven in large part by 14.8% growth in the Company’s core podcast hosting business.
  • Total G&A costs of $4.8 million, compared to $2.3 million. Included in Q3 2020 results were $2.9 million of separation costs for the Company’s former CEO. Included in Q3 2019 costs were $0.4 million of legal cost related to the Camac proxy effort.
  • Operating loss of $1.4 million, compared to operating income of $0.8 million.
  • Income tax expense of $0.7 million compared to $0.2 million.
  • Net loss of $2.0 million compared to net income of $0.6 million.
  • As of September 30, 2020, the Company’s common stock issued and outstanding were 26,824,429 compared to 29,271,974 at December 31, 2019.
  • EPS for Q3 2020 was a loss of $0.07 cents per share versus $0.02 per share gain.
  • Cash of $13.8 million as of September 30, 2020, compared to $16.6 million as of December 31, 2019

Operating Highlights

  • Total number of podcasts on Libsyn’s platform grew to over 75,000 at the end of the third quarter of 2020, up from 74,000 at the end of the second quarter of 2020
  • Rolled out integrations to users for Gaana, Amazon Music / Audible, and Player FM in the quarter
  • Apple iOS remained the most listened to aggregator, representing approximately 64% of all Libsyn hosted podcasts
  • The Company continues to see a broad category of available shows with Business (19%), Health & Fitness (10%), and Society and Culture (9%) as the top 3 categories by number of shows
  • The top 3 categories by downloads in third quarter were Comedy (27%), Business (16%), and Health & Fitness (12%)
  • Libsyn was the Global Sponsor of Podfest Global Summit, which set the Guinness Book of World Records for the largest virtual podcasting conference in on week with over 5,000 participants.

Management Commentary

Laurie Sims, President and Chief Operating Officer, noted, “Libsyn reported solid third quarter results despite the impact of unusual one-time charges related to management changes earlier this year. Results highlight higher sales and operating income after adjusting for the former CEO’s separation package. We continued to see favorable growth in our podcast hosting segment, which grew 14.8% during the period. This has been driven by new signups on Libsyn4 and LibsynPro, an increase in episodes on the Libsyn platform throughout the quarter, along with an increase in podcast downloads. We were able to take advantage of a significant surge in podcast creators following the onset of the COVID-19 pandemic and our high retention rates remain at historical levels. While podcast consumption was affected due to shifting listener behaviors in the second quarter, we have seen that trend reverse over the last several months. We continue to make substantive gains on Libsyn5, our new modern user interface consisting of a simple, but highly functional design that will appeal to new and existing podcasters. Libsyn5 is being rolled out to our beta community in a series of Previews. We have successfully launched three Preview and testing phases of the product, and are excited by the positive reactions from our beta community. In 2021, we expect Libsyn5 to be a catalyst for accelerated growth, and plan to fully support the development of new features on the platform throughout the year to increase adoption by new and existing users.”

Ms. Sims concluded, “Over the last several months, we have implemented a number of positive changes at Libsyn, strengthening the foundation of the company. During the quarter we were able to take advantage of our strong cash flow to reduce our shares outstanding. Libsyn is well positioned to leverage its excellent financial position, invest in the business and successfully support the execution of Libsyn’s growth strategy.”

2020 Third Quarter Financial Review

Revenues

Liberated Syndication derives revenue from two operating segments, which are podcast hosting services (Libsyn) and internet hosting services through its wholly-owned subsidiary, Pair Networks, Inc. (“Pair”).

  • Revenues increased 4.7% to $6.5 million during the quarter ended September 30, 2020, compared to $6.2 million for the same period in 2019.
  • The increase during the quarter reflects an increase in podcast hosting revenue, which grew 14.8%, offset partially from lower advertising revenue resulting from a decrease in the dollars being spent on ad campaigns during the three months ended September 30, 2020. Internet hosting services declined slightly to $2.1 million, from $2.3 million in the prior year period.

The Company provided the following revenue breakout:

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2020

 

2019

 

2020

 

2019

Podcast hosting

$

3,919,927

 

$

3,415,664

 

$

11,163,757

 

$

9,880,191

Hosting services

 

2,149,223

 

 

2,335,098

 

 

6,475,562

 

 

6,953,733

Domains

 

294,236

 

 

260,764

 

 

861,097

 

 

746,601

Advertising

 

82,945

 

 

105,999

 

 

302,677

 

 

437,884

Other

 

65,376

 

 

101,594

 

 

311,107

 

 

184,324

 

$

6,511,707

 

$

6,219,119

 

$

19,114,200

 

$

18,202,733

The following table presents summary revenue by segment for the three months ended September 30, 2020 and 2019, respectively:

 

2020

 

2019

(in thousands)

Libsyn

 

Pair

 

Total

 

Libsyn

 

Pair

 

Total

Revenue

$

4,078

 

$

2,434

 

$

6,512

 

$

3,638

 

$

2,581

 

$

6,219

 

Operating Income (loss)

The Company reported operating loss of $1.4 million, compared to operating income of $0.8 million in the prior year period. Cost of sales as a percent of revenue remained relatively flat at 14.4% for the third quarter of 2020, compared to 14.2% for the period year period.

The loss was largely driven by a 106% increase in general and administrative expenses during the period to $5.0 million from $2.3 million in the prior year period, driven primarily due to the separation package offered to the company’s former CEO and expenses related and legal support costs which the Company does not anticipate in future periods.

Income Tax Expense

Income tax expense for the three months ended September 30, 2020 was $0.7 million, which represents a change in the deferred tax assets and the expected federal balance due for the three-month period ended September 30, 2020. Income tax expense for the three months ended September 30, 2019 was $0.2 million.

Share Count

As of September 30, 2020, the Company’s common stock issued and outstanding were 26,824,429 compared to 29,271,974 at December 31, 2019. On July 31, 2020, as part of Libsyn’s former CEO’s separation package, the Company purchased 1,353,795 shares at market price and cancelled a net amount of 550,000 unvested restricted shares. 300,000 shares of unvested restricted shares of the Company’s former CEO and CFO were also canceled in the quarter as required by the Company’s 2019 Camac agreement.

Net Income

The Company’s net loss was $2.0 million, or $0.07 per basic and diluted share loss based on basic and diluted weighted average common shares outstanding of 27.5 million for the three months ended September 30, 2020, compared to net income of $0.2 million, or $0.02 per diluted share gain based on basic and diluted weighted average common shares outstanding of 29.3 million, in the prior year period.

Liquidity and Capital Resources

Cash on hand was $13.8 million at September 30, 2020, compared to $16.6 million at December 31, 2019. This decrease was largely driven from the repurchase repurchased and retirement of 1,353,795 shares in a privately negotiated transaction. Cash provided by operations for the nine months ended September 30, 2020, was $2.6 million, compared to $6.3 million of cash provided by operations for the nine months ended September 30, 2019.

Conference Call Details

Libsyn will discuss these results in a conference call on Monday, November 16, 2020 at 1:00 p.m. ET.

Participant Dial-In Numbers:

 

(United States):

877-407-0778

(International):

201-689-8565

To access the call, please dial-in approximately five minutes before the start time.

Submit Questions for the Call

Questions for consideration for the call can be emailed to [email protected] prior to 9:00 a.m. ET on Monday, November 16, 2020.

Conference Call Replay

A replay of the conference call will be accessible two hours after the call and available for three weeks at the Investor Resources section of the investor site: https://investor.libsyn.com.

About Liberated Syndication

Liberated Syndication Inc. (“Libsyn”) is a world leading podcast hosting network and has been providing publishers with distribution and monetization services since 2004. In 2019, Libsyn delivered over 6.2 billion downloads. Libsyn hosts over 5.8 million media files from more than 75,000 podcasts. Podcast producers choose Libsyn to measure their audience via IAB V2 certified stats, deliver popular audio and video episodes, distribute their content through smartphone apps (iOS and Android), and monetize via premium subscription services and advertising. The Company also owns Pair Networks, founded in 1996, one of the oldest and most experienced Internet hosting companies, providing a full range of fast, powerful and reliable Web hosting services.

Libsyn is a Pittsburgh-based company with a world class team.

Visit Libsyn on the web at www.libsyn.com and visit Pair Networks at www.pair.com. Investors can visit the Company at the “Investor Relations” section of Libsyn’s website at https://investor.libsyn.com.

Forward-Looking Statement

“Forward-looking Statements” as defined in the Private Securities Litigation Reform Act of 1995 may be included in some of the information or materials discussed in this press release. These statements relate to future events or our future financial performance.

These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks related to the outbreak of the coronavirus (“COVID-19”) and the global spread of COVID-19 during 2020, risks associated with our change in business strategy towards more heavy reliance upon on our new talent segment and wholesale channels, risks related to our recent management and Board of Directors changes, actions of regulators concerning our business operations or trading markets for our securities, the extent to which we are able to develop new services and markets for our services, our significant reliance on third parties to distribute our content, the level of demand and market acceptance of our services and the “Risk Factors” set forth in our most recent Securities and Exchange Commission filings.

LIBERATED SYNDICATION INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

2020

 

2019

 

2020

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

6,511,707

 

$

6,219,119

 

$

19,114,200

 

$

18,202,733

 

 

 

 

 

 

 

 

 

 

 

 

Costs and operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue (excluding depreciation and amortization)

 

937,863

 

 

881,171

 

 

2,367,400

 

 

2,581,659

General and administrative

 

4,820,259

 

 

2,339,966

 

 

8,458,122

 

 

6,074,072

Technology

 

595,393

 

 

478,372

 

 

1,754,245

 

 

1,390,161

Selling

 

312,179

 

 

293,185

 

 

842,001

 

 

702,521

Customer support

 

833,315

 

 

686,876

 

 

2,310,430

 

 

1,995,309

Depreciation and amortization

 

428,241

 

 

712,024

 

 

1,452,571

 

 

2,199,214

Total costs and operating expenses

 

7,927,250

 

 

5,391,594

 

 

17,184,769

 

 

14,942,936

Operating income (loss)

 

(1,415,543)

 

 

827,525

 

 

1,929,431

 

 

3,259,797

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

 

 

 

 

 

 

 

 

Gain on revaluation of put option

 

137,500

 

 

 

 

137,500

 

 

Interest expense

 

(27,319)

 

 

(75,280)

 

 

(123,823)

 

 

(245,002)

Interest income

 

7,387

 

 

66,862

 

 

74,772

 

 

178,551

Other income

 

1,238

 

 

277

 

 

12,587

 

 

1,650

Total other income (expense)

 

(118,806)

 

 

(8,141)

 

 

(101,036)

 

 

(64,801)

Income (loss) before income taxes

 

(1,296,737)

 

 

819,384

 

 

2,030,467

 

 

3,194,996

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

727,269

 

 

178,129

 

 

2,685,998

 

 

689,071

Net Income (loss)

$

(2,024,006)

 

$

641,255

 

$

(628,531)

 

$

2,505,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

$

(0.07)

 

$

0.02

 

$

(0.02)

 

$

0.09

BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

 

27,453,697

 

 

29,271,974

 

 

28,667,685

 

 

29,441,754

LIBERATED SYNDICATION INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

 

 

September 30, 2020

(Unaudited)

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

CURRENT ASSETS:

 

 

 

 

 

 

 

Cash

$

13,818,169

 

 

$

16,621,272

 

Accounts receivable, net

 

377,053

 

 

 

549,044

 

Related party receivables

 

918,852

 

 

 

 

Prepaid expenses

 

843,488

 

 

 

614,417

 

Total current assets

 

15,957,562

 

 

 

17,784,733

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

1,120,903

 

 

 

1,536,930

 

Goodwill

 

16,388,171

 

 

 

16,388,171

 

Definite life – intangible assets, net

 

5,065,886

 

 

 

5,929,371

 

Deferred tax assets

 

938,904

 

 

 

1,847,979

 

Prepaid expense

 

422,469

 

 

 

363,091

 

Operating lease right-of-use assets

 

438,776

 

 

 

751,731

 

Prepaid expense

 

422,469

 

 

 

363,091

 

Total assets

$

40,332,671

 

 

$

44,602,006

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES:

 

 

 

 

 

 

 

Accounts payable

$

753,189

 

 

$

760,163

 

Accrued expenses

 

975,476

 

 

 

1,087,271

 

Income tax payable

 

1,365,948

 

 

 

2,047,917

 

Deferred revenue

 

2,563,687

 

 

 

2,511,682

 

Current portion of capital lease obligation

 

 

 

 

831

 

Current portion of loans payable, net

 

2,647,987

 

 

 

2,643,824

 

Current portion of operating lease liabilities

 

390,985

 

 

 

408,828

 

Total current liabilities

 

8,697,272

 

 

 

9,460,516

 

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES:

 

 

 

 

 

 

 

Loans payable, net of current portion

 

918,058

 

 

 

2,104,611

 

Deferred revenue, net of current portion

 

701,555

 

 

 

601,234

 

Operating lease liabilities, net of current portion

 

47,791

 

 

 

342,903

 

Line of credit

 

2,000,000

 

 

 

2,000,000

 

Total long-term liabilities

 

3,667,404

 

 

 

5,048,748

 

Total liabilities

 

12,364,676

 

 

 

14,509,264

 

 

 

 

 

 

 

 

 

COMMITMENTS & CONTINGENCIES

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common stock

 

26,825

 

 

 

29,272

 

Additional paid-in capital

 

37,768,819

 

 

 

35,243,171

 

Accumulated deficit

 

(5,808,232)

 

 

 

(5,179,701)

 

Common stock held in treasury (1,353,795 shares at September 30, 2020)

 

(4,019,417)

 

 

 

 

Total stockholders’ equity

 

27,967,995

 

 

 

30,092,742

 

Total liabilities and stockholders’ equity

$

40,332,671

 

 

$

44,602,006

 

 

At the Company:

Laurie Sims, President and Chief Operating Officer

Liberated Syndication

[email protected]

Adam Prior, SVP

The Equity Group Inc.

(212) 836-9606

[email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Mobile/Wireless Technology Other Communications Publishing Entertainment Online Communications Mobile Entertainment Audio/Video Internet

MEDIA:

Logo
Logo

Plus Therapeutics to Participate in Upcoming November Investor Conferences

AUSTIN, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) — Plus Therapeutics, Inc. (Nasdaq: PSTV) (the “Company”), a clinical-stage company focused on making a positive impact on patients’ lives, today announced that Company management has been invited to participate in two upcoming virtual investor conferences:

Event Virtual Fall Investor Summit
Date November 17, 2020
Presentation Time 3:00 p.m. ET
   
Event A.G.P. Virtual Healthcare Symposium
Date November 19, 2020

Investors interested in arranging a virtual 1×1 meeting with Company management during these conferences should contact the respective conference coordinator.

A live webcast and subsequent archived recording of the Company’s presentation during the Virtual Fall Investor Summit will be available under the ‘Events’ tab of the Investor Relations section of the Plus Therapeutics website at www.plustherapeutics.com.

About Plus Therapeutics, Inc.

Plus Therapeutics (Nasdaq: PSTV) is a clinical-stage pharmaceutical company whose radiotherapeutic portfolio is concentrated on nanoliposome-encapsulated radionuclides for several cancer targets. Central to the Company’s drug development is a unique nanotechnology platform designed to reformulate, deliver and commercialize multiple drugs targeting rare cancers and other diseases. The platform is designed to facilitate new delivery approaches and/or formulations of safe and effective, injectable drugs, potentially enhancing the safety, efficacy and convenience for patients and healthcare providers. More information may be found at PlusTherapeutics.com and ReSPECT-Trials.com.


Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of U.S. securities laws. All statements, other than statements of historical fact, that address activities, events or developments that we intend, expect, project, believe or anticipate and similar expressions or future conditional verbs such as will, should, would, could or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. These statements include, without limitation, statements about: the Company’s potential to facilitate new delivery approaches and/or formulations of safe and effective, injectable drugs, potentially enhancing the safety, efficacy and convenience for patients and healthcare providers; the Company’s potential to develop drug candidates currently in its product pipeline; and the Company’s potential to develop additional drugs outside of its current pipeline. The forward-looking statements included in this press release are subject to a number of additional material risks and uncertainties, including but not limited to: the risk that the Company is not able to successfully develop product candidates that can leverage the U.S. FDA’s accelerated regulatory pathways; and the risks described under the heading “Risk Factors” in the Company’s Securities and Exchange Commission filings, including in the Company’s annual and quarterly reports. There may be events in the future that the Company is unable to predict, or over which it has no control, and its business, financial condition, results of operations and prospects may change in the future. The Company assumes no responsibility to update or revise any forward-looking statements to reflect events, trends or circumstances after the date they are made unless the Company has an obligation under U.S. federal securities laws to do so.

Investor Contact
Peter Vozzo
Westwicke/ICR
(443) 377-4767
[email protected]

Media Contact
Terri Clevenger
Westwicke/ICR
(203) 856-4326
[email protected]



Alimera Sciences Announces Participation at the 11th Annual Craig-Hallum Alpha Select Conference on Tuesday, November 17, 2020

ATLANTA, Nov. 16, 2020 (GLOBE NEWSWIRE) — Alimera Sciences, Inc. (NASDAQ: ALIM) (Alimera), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, today announces that Rick Eiswirth, Alimera’s President and Chief Executive Officer, will participate in the Craig-Hallum Capital Group’s annual Alpha Select Conference on Tuesday November 17, 2020. The conference consists of one-on-one and small group meetings, which will take place via video conference.

Attendees of the conference can schedule a meeting with Mr. Eiswirth here.

About Alimera Sciences, Inc.

Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations. For more information, please visit www.alimerasciences.com.

For press inquiries:

Jules Abraham
for Alimera Sciences
917-885-7378
[email protected]

For investor inquiries:

Scott Gordon
for Alimera Sciences
[email protected]

        

New Data from the Interim Analysis of REGENERATE Show OCA Improved Noninvasive Measures of Fibrosis in a Subgroup of High-Risk Patients with Fibrosis Due to NASH

Multiple new analyses reinforce the clinical value of noninvasive strategies to identify and monitor patients with advanced fibrosis due to NASH

NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) — Intercept Pharmaceuticals, Inc. (Nasdaq:ICPT), a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat progressive non-viral liver diseases, today announced multiple new analyses supporting the use of routine noninvasive tests (NITs) to identify patients with advanced fibrosis due to NASH and measure obeticholic acid (OCA) treatment response. The new analyses, which include an oral presentation of REGENERATE interim analysis data showing that OCA helped patients achieve marked improvements in key noninvasive measures of liver fibrosis, are being presented at The Liver Meeting Digital Experience™, the Annual Meeting of the American Association for the Study of Liver Diseases (AASLD), which will be held virtually from November 13, 2020 to November 16, 2020.

“NITs are rapidly replacing liver biopsy for identifying and monitoring patients with advanced fibrosis due to NASH in routine clinical practice, and this year’s Liver Meeting features a wealth of new data reinforcing the value of noninvasive strategies to manage patients treated with OCA,” said Naim Alkhouri, M.D., Chief of Transplant Hepatology, and Director of the Fatty Liver Program at Arizona Liver Health in Phoenix. “Using a simple, sequential algorithm with two common NITs, we were able to identify a higher-risk subgroup of patients with fibrosis due to NASH and evaluate their treatment response noninvasively; these patients achieved marked reductions in measures of liver biochemistry and liver stiffness as assessed by transient elastography through 18 months of treatment.”

As previously reported, once-daily OCA 25 mg met the primary composite endpoint of fibrosis improvement (≥1 stage) with no worsening of NASH at the planned 18-month interim analysis of the Phase 3 REGENERATE study with high statistical significance (p=0.0002 vs. placebo). The new post hoc analysis being presented at The Liver Meeting evaluated the NIT-based efficacy of OCA in patients from the intent-to-treat population of the REGENERATE interim analysis who had Fibrosis-4 (FIB-4) and transient elastography data available at baseline. FIB-4 and transient elastography were applied sequentially to categorize patients’ fibrosis severity; patients with possible advanced fibrosis (indeterminant status) or advanced fibrosis were pooled (OCA 25 mg, n=266; placebo, n=277). At month 18, OCA reduced mean alanine aminotransferase (ALT) scores and median transient elastography scores by 50.1% and 25.6%, respectively; reductions for placebo were 30.2% and 4.2%, respectively, suggesting that such noninvasive assessments can be utilized to monitor fibrosis improvement in OCA-treated patients.

Additional Analyses
Support the Role of NITs for Management of Advanced Fibrosis Due to NASH

Multiple additional analyses being presented at the virtual Liver Meeting reinforce the value of noninvasive strategies for managing patients with advanced fibrosis due to NASH:

  • In an oral presentation (Abstract 56), an analysis of more than 4,000 patients screened for the REGENERATE study found that application of two sequential NITs improved the accuracy of identification and reduced misclassification of disease as compared to two simultaneous NITs. The authors concluded that sequential NIT strategies may decrease the need for liver biopsy, while maintaining the accuracy of diagnosis in patients with advanced fibrosis due to NASH.
  • An analysis (Abstract 1589) comparing FIB-4, liver stiffness measurement by transient elastography, and liver biopsy to predict the incidence of liver-related outcomes (e.g., cirrhosis complications and/or hepatocellular carcinoma) in patients with nonalcoholic fatty liver disease concluded that the predictive accuracy of FIB-4 and transient elastography is similar to that of liver biopsy for predicting liver-related events.
  • A review (Abstract 1576) of data from a large U.S. claims database that included approximately 21,500 patients diagnosed with NASH who met the study’s inclusion criteria found that only 11% had a liver biopsy, underscoring the fact that liver biopsy is infrequently performed in the real world clinical practice setting. 

“Strong collaboration among patient groups, academic centers and industry, coupled with large datasets from Phase 3 clinical trials have accelerated our ability to identify and validate noninvasive alternatives to biopsy for our patients with fibrosis due to NASH,” said Jerome Boursier, M.D., Ph.D., professor of Medicine, Hepato-Gastroenterology Department of Angers University Hospital, and head of HIFIH laboratory, Angers University in France. “The new NIT data from the interim analysis of the REGENERATE study being presented at the Liver Meeting represent a major step forward. Clearly, the field is coalescing around a sequential testing strategy that combines two commonly used NITs; this approach addresses the major limitations of liver biopsy because it is both scalable and patient-friendly without appearing to sacrifice predictive accuracy. Sequential use of NITs starting with a simple test confirmed by a specialized one will also help to organize and optimize the patient pathway.”

About
Liver
Fibrosis
due to NASH

Nonalcoholic steatohepatitis (NASH) is a serious progressive liver disease caused by excessive fat accumulation in the liver that induces chronic inflammation, resulting in progressive fibrosis (scarring) that can lead to cirrhosis, eventual liver failure, cancer and death. Advanced fibrosis is associated with a substantially higher risk of liver-related morbidity and mortality in patients with NASH. In the United States, NASH is currently the second leading cause for liver transplantation overall, and in females, the leading cause. NASH is anticipated to become the leading indication for liver transplantation in Europe within the next decade. There are currently no medications approved for the treatment of NASH.

About the REGENERATE
Study

REGENERATE is a Phase 3, randomized, double-blind, placebo-controlled, multicenter study assessing the safety and efficacy of obeticholic acid (OCA) on clinical outcomes in patients with liver fibrosis due to NASH, an investigational use. A pre-specified 18-month interim analysis was conducted to assess the effect of OCA on liver histology comparing month 18 biopsies with baseline. The intent-to-treat population for the interim analysis included 931 patients with stage 2 and 3 fibrosis (placebo, n=311; OCA 10 mg, n=312; OCA 25 mg, n=308). REGENERATE has completed target enrollment for the clinical outcomes cohort, with 2,480 adult NASH patients randomized at 339 qualified centers worldwide, and is expected to continue through clinical outcomes for verification and description of clinical benefit. The end-of-study analysis will evaluate the effect of OCA on all-cause mortality and liver-related clinical outcomes, as well as its long-term safety.

The safety population of the interim analysis included 1,968 randomized patients who received at least one dose of investigational product (OCA or placebo) with exposures up to 37 months. Adverse events were generally mild to moderate in severity and the most common were consistent with the known profile of OCA. The frequency of serious adverse events was similar across treatment arms (11% in placebo, 11% in OCA 10 mg and 14% in OCA 25 mg), and no serious adverse event occurred in > 1% of patients in any treatment group. There were 3 deaths in the study (2 in placebo: bone cancer and cardiac arrest and 1 in OCA 25 mg: glioblastoma) and none were considered related to treatment. The most common adverse event reported was dose-related pruritus (placebo, 19%; OCA 10 mg, 28%; OCA 25 mg, 51%). The large majority of pruritus events were mild to moderate, with severe pruritus occurring in a small number of patients (< 1% in placebo, < 1% in OCA 10 mg and 5% in OCA 25 mg). A higher incidence of pruritus-associated treatment discontinuation was observed for OCA 25 mg (< 1% in placebo, < 1% in OCA 10 mg, and 9% in OCA 25 mg). Consistent with observations from previous NASH studies, OCA treatment was associated with an increase in low density lipoprotein (LDL) cholesterol, with a peak increase of 22.6 mg/dL at 4 weeks and subsequently reversing and approaching baseline at month 18 (4.0 mg/dL increase from baseline). Triglycerides rapidly and continually decreased in the OCA treatment groups through month 18. There were few and varied serious cardiovascular events and incidence was balanced across the three treatment groups (2% in placebo, 1% in OCA 10 mg and 2% in OCA 25 mg). In patients with type 2 diabetes, OCA treatment was associated with an early transient increase in glucose and hemoglobin A1c with a return to levels similar to placebo by month 6. No clinically meaningful changes were noted in non-diabetic patients. With respect to hepatobiliary events, more patients (3%) on OCA 25 mg experienced gallstones or cholecystitis compared to <1% on placebo and 1% on OCA 10 mg. While hepatic serious adverse events were rare (<1% incidence in each of the three treatment groups), more occurred in the OCA 25 mg group with no pattern attributable to OCA.

About Intercept

Intercept is a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat progressive non-viral liver diseases, including primary biliary cholangitis (PBC) and nonalcoholic steatohepatitis (NASH). Founded in 2002 in New York, Intercept has operations in the United States, Europe and Canada. For more information, please visit www.interceptpharma.com or connect with the company on Twitter and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the progress, timing and results of our clinical trials, including our clinical trials for the treatment of nonalcoholic steatohepatitis (“NASH”), the safety and efficacy of our approved product, Ocaliva (obeticholic acid or “OCA”) for primary biliary cholangitis (“PBC”), and our product candidates, including OCA for liver fibrosis due to NASH, the timing and acceptance of our regulatory filings and the potential approval of OCA for liver fibrosis due to NASH, the review of our New Drug Application for OCA for the treatment of liver fibrosis due to NASH by the U.S. Food and Drug Administration (FDA), our intent to work with the FDA to address the issues raised in the complete response letter (CRL), the potential commercial success of OCA, as well as our strategy, future operations, future financial position, future revenue, projected costs, financial guidance, prospects, plans and objectives.

These statements constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “possible,” “continue” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update any forward-looking statement except as required by law. These forward-looking statements are based on estimates and assumptions by our management that, although believed to be reasonable, are inherently uncertain and subject to a number of risks. The following represent some, but not necessarily all, of the factors that could cause actual results to differ materially from historical results or those anticipated or predicted by our forward-looking statements: our ability to successfully commercialize Ocaliva for PBC; our ability to maintain our regulatory approval of Ocaliva for PBC in the United States, Europe, Canada, Israel, Australia and other jurisdictions in which we have or may receive marketing authorization; our ability to timely and cost-effectively file for and obtain regulatory approval of our product candidates on an accelerated basis or at all, including OCA for liver fibrosis due to NASH following the issuance of the CRL by the FDA; any advisory committee recommendation or dispute resolution determination that our product candidates, including OCA for liver fibrosis due to NASH, should not be approved or approved only under certain conditions; any future determination that the regulatory applications and subsequent information we submit for our product candidates, including OCA for liver fibrosis due to NASH, do not contain adequate clinical or other data or meet applicable regulatory requirements for approval; conditions that may be imposed by regulatory authorities on our marketing approvals for our products and product candidates, including OCA for liver fibrosis due to NASH, such as the need for clinical outcomes data (and not just results based on achievement of a surrogate endpoint), any risk mitigation programs such as a REMS, and any related restrictions, limitations and/or warnings contained in the label of any of our products or product candidates; any potential side effects associated with Ocaliva for PBC, OCA for liver fibrosis due to NASH or our other product candidates that could delay or prevent approval, require that an approved product be taken off the market, require the inclusion of safety warnings or precautions, or otherwise limit the sale of such product or product candidate; the initiation, timing, cost, conduct, progress and results of our research and development activities, preclinical studies and clinical trials, including any issues, delays or failures in identifying patients, enrolling patients, treating patients, retaining patients, meeting specific endpoints in the jurisdictions in which we intend to seek approval or completing and timely reporting the results of our NASH or PBC clinical trials; our ability to establish and maintain relationships with, and the performance of, third-party manufacturers, contract research organizations and other vendors upon whom we are substantially dependent for, among other things, the manufacture and supply of our products, including Ocaliva for PBC and, if approved, OCA for liver fibrosis due to NASH, and our clinical trial activities; our ability to identify, develop and successfully commercialize our products and product candidates, including our ability to successfully launch OCA for liver fibrosis due to NASH, if approved; our ability to obtain and maintain intellectual property protection for our products and product candidates, including our ability to cost-effectively file, prosecute, defend and enforce any patent claims or other intellectual property rights; the size and growth of the markets for our products and product candidates and our ability to serve those markets; the degree of market acceptance of Ocaliva for PBC and, if approved, OCA for liver fibrosis due to NASH or our other product candidates among physicians, patients and healthcare payors; the availability of adequate coverage and reimbursement from governmental and private healthcare payors for our products, including Ocaliva for PBC and, if approved, OCA for liver fibrosis due to NASH, and our ability to obtain adequate pricing for such products; our ability to establish and maintain effective sales, marketing and distribution capabilities, either directly or through collaborations with third parties; competition from existing drugs or new drugs that become available; our ability to prevent system failures, data breaches or violations of data protection laws; costs and outcomes relating to any disputes, governmental inquiries or investigations, regulatory proceedings, legal proceedings or litigation, including any securities, intellectual property, employment, product liability or other litigation; our collaborators’ election to pursue research, development and commercialization activities; our ability to establish and maintain relationships with collaborators with development, regulatory and commercialization expertise; our need for and ability to generate or obtain additional financing; our estimates regarding future expenses, revenues and capital requirements and the accuracy thereof; our use of cash and short-term investments; our ability to acquire, license and invest in businesses, technologies, product candidates and products; our ability to attract and retain key personnel to manage our business effectively; our ability to manage the growth of our operations, infrastructure, personnel, systems and controls; our ability to obtain and maintain adequate insurance coverage; the impact of COVID-19, including any impact on our results of operations or financial position, related quarantines and government actions, delays relating to our regulatory applications, disruptions relating to our ongoing clinical trials or involving our contract research organizations, study sites or other clinical partners, disruptions relating to our supply chain or involving our third-party manufacturers, distributors or other distribution partners, facility closures or other restrictions, and the extent and duration thereof; the impact of general U.S. and foreign economic, industry, market, regulatory or political conditions, including the potential impact of Brexit; and the other risks and uncertainties identified in our periodic filings filed with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020.

Contact

For more information about Intercept, please contact:

Lisa DeFrancesco
+1-646-565-4833
[email protected]

Christopher Frates
+1-646-757-2371
[email protected]



Zoetis is First Animal Health Company to Issue Environmental, Social and Governance (ESG) Review Based on Leading Sustainability Frameworks

Zoetis is First Animal Health Company to Issue Environmental, Social and Governance (ESG) Review Based on Leading Sustainability Frameworks

  • Comprehensive historical data illustrates improvements in environmental metrics, highly engaged workforce, community and veterinary support, and ambitions for a more diverse and inclusive workforce
  • Addition of new leaders and responsibilities dedicated to ESG areas

PARSIPPANY, N.J.–(BUSINESS WIRE)–
Zoetis (NYSE:ZTS) today announced publication of its 2019 Environmental, Social and Governance (ESG) Review, providing more information on its ESG initiatives, including disclosures on energy, waste and workforce metrics. This marks the animal health industry’s first stand-alone disclosure of key performance indicators based on the Sustainability Accounting Standards Board (SASB) and Taskforce on Climate-related Financial Disclosures (TCFD), which are leading global sustainability frameworks.

The review focuses on recent ESG activities and metrics, with progress dating back to 2017, while highlighting important steps Zoetis has taken in its sustainability journey. Guided by a belief that healthier animals will help create a healthier future, earlier this year Zoetis outlined three ways the company contributes to healthier animals: care and collaborate through partnerships and support of colleagues and communities; innovate in animal health to help solve sustainability challenges faced by animals and people; and, protect the planet by stewarding resources and minimizing the direct impact of the company’s operations. In conjunction with the release of its comprehensive ESG review, Zoetis also enhanced its Policy on Sustainability to include its commitment to protect the planet, develop innovative animal health products, and support colleagues and communities.

“As a company focused on the health of animals, sustainability has always been integral to our work; however, this year we formalized our strategy and elevated sustainability to one of our top priorities,” said Kristin Peck, Chief Executive Officer of Zoetis. “In the face of the global pandemic, it has been more critical than ever to care for the needs of our colleagues, customers and communities and define our plan to create a healthier, more sustainable future. We look forward to sharing more about our goals and progress in 2021 and beyond.”

Key Leadership Roles

In prioritizing sustainability, Zoetis appointed four leaders this year to oversee various aspects of the company’s commitments.

  • Jeannette Ferran Astorga joined the company as its first Head of Sustainability responsible for stewarding the company strategy and tracking accountability for its commitments, partnerships and philanthropy. This year Ferran Astorga was named to Assent’s Top 100 Corporate Social Responsibility Influence Leaders for her leadership and influence to help others start or improve corporate social responsibility programs.
  • Mike McFarland, DVM, was named global Chief Medical Officer (CMO). As a respected veterinarian and expert in animal health, Dr. McFarland is a member of the Zoetis Executive Team with responsibility for Global Commercial Development, Customer Experience and Sustainability.
  • Evelyn Ortiz was appointed Chief Talent, Diversity, Equity and Inclusion Officer to manage Zoetis’ activities to enhance diversity, equity and inclusion within its culture and across its colleague population. Ortiz’s role also includes partnerships with suppliers and vendors and in the communities where we work.
  • Jeff Williams was named Chief Compliance Officer. Williams, who joined Zoetis recently from the National Geographic Society and has a background in the pharmaceutical industry, administers the company’s Enterprise Risk Management program.

Creating an Inclusive, Safe and Engaged Workplace

This year Zoetis committed to accelerating inclusion, equity and more diverse representation across the company. By 2025 the company aspires to:

  • Increase representation of women at the director level and above from 32% to 40%
  • Increase overall representation among people of color in the U.S. from 21% to 25%
  • Increase representation of Black colleagues in the U.S. from 4% to 5%
  • Increase representation of Latinx colleagues in the U.S. from 5% to 6%

Zoetis’ Employee Health & Safety programs have resulted in strong safety performance, as demonstrated by total injury rate (TIR) and lost time injury rate (LTIR) being lower than the U.S. industry averages.

In cultivating a sustainable workplace, Zoetis regularly assesses colleague engagement and key drivers of organizational performance through employee surveys. The company’s strong colleague engagement has grown from 81% in 2016, to 85% in 2018, and to 90% in the first wave of feedback in 2020.

Environmental

As Zoetis grows its business in a way that is considerate of our global community, we are committed to protecting our planet by using the world’s resources wisely and reducing our emissions and waste. Since 2017, Zoetis has:

  • Reduced its greenhouse gas emissions intensity1,2 (4% less)
  • Reduced its water intake intensity3,4 (5% less)
  • Reduced its hazardous waste intensity4,5 (9% less)
  • Reduced its solid waste intensity4,5 (87% less)
  • Improved its recycling rate of hazardous waste (35% increase) and solid waste (14% increase) 4,5.

Even as the company grows to fulfill the needs of people who care for animals, Zoetis is fully committed to continuing to reduce its environmental footprint and plans to adopt specific goals that will be shared in 2021.

Veterinary and Community Support

Zoetis has long supported the veterinary profession through a variety of philanthropic initiatives including its ongoing Zoetis Veterinary Student Scholarship partnership with the Association of American Veterinary Medical Colleges that awarded 315 veterinary students $630,000 in scholarship funds for the 2020 academic year. The program has given $7.3 million to more than 3,600 veterinary students over the past 11 years. The company has similar programs in Canada and the United Kingdom and has also supported veterinary education efforts in China, Egypt and other countries to help ensure a bright future for the veterinary profession.

The company takes a grass roots approach to care and collaborate in local communities where it has a presence, including:

  • In Australia, Zoetis raised $300,000 for Beyond Blue over the last three years to help Australian farmers and veterinarians who are vulnerable to mental health challenges as a result of rural isolation. The company also made available $400,000 in donated product to help veterinarians care for animals affected by the 2019 Australian bushfires.
  • In Brazil, Zoetis collaborated with Patas Therapeuticas (Therapeutic Paws) to provide vaccines for specially trained dogs visiting hospitals to comfort patients, and the company worked with the Magnus Institute to provide vaccines and facilitate training for dogs to become guides for people with visual and movement disabilities.
  • In the U.S., Zoetis donated over $500,000 in products to help local veterinarians care for animals affected by natural disasters in 2019 including floods and hurricanes.

The company is establishing a framework to collect data on a global scale that can quantify efforts in the future.

Animal Health Product Safety, Research and Quality Assurance

Scientists in Zoetis’ research and development organization are dedicated to helping animals live longer, healthier lives through the discovery and development of breakthrough medicines and therapies. All animals in the company’s clinical trials are cared for according to the company’s policy on animal care and welfare. In addition, Zoetis has a comprehensive program to ensure the responsible use of antibiotics, advocating for veterinary involvement when antibiotics must be used, innovating to discover new and enhanced solutions for animal care, and collaborating in a “One Health” approach with human and veterinary medicine professionals.

To continue to identify environmental, social and governance areas in which to improve, Zoetis has undertaken a materiality assessment with key stakeholders. This will partly inform a more comprehensive sustainability report in 2021 that will include environmental goals and alignment with the United Nations Sustainable Development Goals.

AboutZoetis

Zoetis is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 65 years of experience in animal health, Zoetis discovers, develops, manufactures and commercializes medicines, vaccines and diagnostic products, which are complemented by biodevices, genetic tests and precision livestock farming. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2019, the company generated annual revenue of $6.3 billion with approximately 10,600 employees. For more information, visit www.zoetis.com.

DISCLOSURE NOTICES

Forward-Looking Statements: This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to: business plans or prospects, ESG commitments, goals and aspirations, and other future events. These statements are not guarantees of future performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, or if management’s underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Zoetis expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, including in the sections thereof captioned “Forward-Looking Statements and Factors That May Affect Future Results” and “Item 1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our Current Reports on Form 8-K. These filings and subsequent filings are available online at www.sec.gov, www.zoetis.com, or on request from Zoetis.

1 Emissions intensity (metric tons CO2e/$1MM revenue)

2 These metrics cover our Global Manufacturing and Supply, Veterinary Medical Research and Development, and other operations not including stand-alone office spaces. These emissions account for more than 99% of our operational emissions.

3 Water intake intensity (cubic meters/$1MM revenue)

4 These metrics cover our Global Manufacturing and Supply, Veterinary Medical Research and Development, and other operations not including stand-alone office spaces.

5 Hazardous and solid waste recycled intensity (kilograms/$1MM revenue)

All trademarks are the property of Zoetis Services LLC or a related company or a licensor unless otherwise noted.

© 2020 Zoetis Services LLC. All rights reserved.

ZTS-COR

ZTS-IR

Media:

Christina Lood

1-973-822-7249 (o)

[email protected]

Bill Price

1-973-443-2742 (o)

[email protected]

Investors:

Steve Frank

1-973-822-7141 (o)

[email protected]

Keith Gaub

1-973-822-7154 (o)

[email protected]

KEYWORDS: United States North America New Jersey

INDUSTRY KEYWORDS: Veterinary Health

MEDIA:

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Nemaura Medical Reports Financial Results for Second Quarter of Fiscal Year 2020/21 and Provides Corporate Update

LOUGHBOROUGH, England, Nov. 16, 2020 (GLOBE NEWSWIRE) — Nemaura Medical, Inc. (NASDAQ: NMRD)(“Nemaura” or the “Company”), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized  lifestyle coaching programs, today announces financial results for the second quarter ended September 30, 2020 and provides a corporate update.

Recent and Second Quarter Highlights include:

  • In-licensed global rights to Healthimation, LLC’s mobile application based digital program, a well-validated and award-winning 12-week program to help patients manage their weight as part of a diabetes prevention or management program. The program is intended to be combined with the Company’s proBEAT™ non-invasive Glucose monitoring patch, with the aim of empowering users with knowledge of factors that could affect their blood glucose levels.
  • Appointed Justin McLarney as the Company’s Chief Financial Officer
  • Commissioned the integration of data from third-party wearable devices into the proBEAT™ app. 
  • Submitted the PMA application for sugarBEAT® to the United States Food and Drug Administration (FDA)
  • Completed $11.5M public offering ($10.7M after associated costs)
  • Terminated ATM with Maxim

“The second quarter has been pivotal to our Company, as we have laid the groundwork for product launch of sugarBEAT® in the UK and Europe, and a diabetes management and reversal program in the USA,” commented Faz Chowdhury, Nemaura’s CEO.  “We continue to carefully manage our finances as we plan for a multinational launch and believe that we are at the forefront of changing the way consumers approach managing and preventing diabetes.”

In December 2020 in the U.S., Nemaura plans to launch proBEAT™, a non-invasive, wearable glucose monitor that will gather data on factors affecting blood glucose profiles, combined with a behavioral change and weight management digital app that was developed by Healthimation Inc. that may help diabetic and pre-diabetic patients better manage, reverse, or prevent the onset of diabetes.  In the U.S., there are currently 88 million patients considered to be pre-diabetic and 25 million patients with Type 2 diabetes.  Worldwide, there are 420 million patients with diabetes and over 1 billion people considered pre-diabetic.

Second Quarter 2020 Financial Results

Net loss for the second quarter of 2020 was $1,581,217 as compared to $1,117,040 during the same period of 2019. 

Research and development expenses were $456,280 and $462,517 for the three-month periods ended September 30, 2020 and 2019, respectively.  This continues to be largely composed of expenditure on wages and sub-contractor activities incurred in finalizing the product design for the sugarBEATTM device in order to enable scaling of production capacity. 

General and administrative expenses were $771,533 and $654,523 for the three-month periods ended September 30, 2020 and 2019, respectively.  Given the nature of the Company’s activities has remained unchanged, the cost drivers in this area have also remained consistent and are largely representative of fees for legal, professional, consultancy, audit services, investor relations, insurance, and wages.

The Company also incurred a charge of $353,404 for the three-month period ended September 30, 2020 on account of the accretion of debt discount in relation to the Secured Loan Note that the Company entered into in April 2020. 

Cash as of September 30, 2020 was $16,948,939.

About Nemaura Medical, Inc.

Nemaura Medical Inc. is a medical technology company developing and commercializing non-invasive wearable diagnostic devices.  The company is currently commercializing sugarBEAT® and proBEAT™.  sugarBEAT®, a CE mark approved Class IIb medical device, is a non-invasive and flexible continuous glucose monitor (CGM) providing actionable insights derived from real time glucose measurements and daily glucose trend data, which may help people with diabetes and pre-diabetes to better manage, reverse, and prevent the onset of diabetes.  Nemaura has submitted a PMA (Premarket Approval Application) for sugarBEAT® to the U.S. FDA.  proBEAT™ combines non-invasive glucose data processed using artificial intelligence and a digital healthcare subscription service and is expected to be launched in the U.S. as a general wellness product. 

The Company sits at the intersection of the global Type 2 diabetes market that is expected to reach nearly $59 billion by 2025, the $50+ billion pre-diabetic market, and the wearable health-tech sector for weight loss and wellness applications that is estimated to reach $60 billion by 2023.

For more information, please visit www.NemauraMedical.com.

Cautionary Statement Regarding Forward-Looking Statements:

The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements.  Those risks and uncertainties include, but are not limited to, the launch of proBEAT™ in the US, risks related to regulatory status and the failure of future development and preliminary marketing efforts, Nemaura’s ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Nemaura and its partners’ ability to develop, market and sell proBEAT™, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to both proBEAT™ digital health, and sugarBEAT®.  There can be no assurance that the company will be able to reach a part of or any of the global market for CGM with its products/services. The FDA reserves the right to re-evaluate their decision that proBEAT™ qualifies as a general wellness product should it become aware of any issues such as skin irritation or other adverse events from the device, as well as any misuse impacting patient safety, and any other reason as the FDA may see fit at its discretion to determine the product does not fit the definition of a general wellness product.  These and other risks and uncertainties are identified and described in more detail in Nemaura’s filings with the United States Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the most recently completed fiscal year, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K.  Nemaura undertakes no obligation to publicly update or revise any forward-looking statements.

Contact:

Jules Abraham
CORE IR
917-885-7378
[email protected]

NEMAURA MEDICAL INC.
Condensed Consolidated Balance Sheets

  As of September 30,

2020

($)
As of March 31,
2020


($)
  (Unaudited)  
ASSETS    
Current assets:    
Cash 16,948,939   106,107  
Prepaid expenses and other receivables 358,404   452,463  
Inventory (raw materials) 411,620   286,309  
Total current assets 17,718,963   844,879  
     
Other assets:    
Property and equipment, net of accumulated depreciation 152,893   162,064  
Intangible assets, net of accumulated amortization 237,150   213,080  
Total other assets 390,043   375,144  
Total assets 18,109,006   1,220,023  
     
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Current liabilities:    
Accounts payable 155,609   293,608  
Liability due to related parties 153,533   830,093  
Other liabilities and accrued expenses 47,609   168,966  
Notes payable, net of unamortized discount 2,431,913    
Deferred revenue 96,930   93,022  
Total current liabilities 2,885,594   1,385,689  
     
Non-current portion of notes payable, net of unamortized discount 2,785,515    
Non-current portion of deferred revenue 1,195,470   1,147,278  
Total non-current liabilities 3,980,985   1,147,278  
Total liabilities 6,866,579   2,532,967  
     
Commitments and contingencies:    
     
Stockholders’ equity (deficit):    
Series A convertible preferred stock, $0.001 par value, 200,000 shares authorized; 0 shares issued and outstanding at September 30, 2020 and March 31, 2020    
Common stock, $0.001 par value,    
42,000,000 shares authorized and 22,893,705 and 20,850,848    
shares issued and outstanding at September 30, 2020 and March 31, 2020, respectively 22,894   20,851  
Additional paid-in capital 31,838,383   16,589,272  
Accumulated deficit (20,267,348 ) (17,586,075 )
Accumulated other comprehensive loss (351,502 ) (336,992 )
Total stockholders’ equity/ (deficit) 11,242,427   (1,312,944 )
Total liabilities and stockholders’ equity 18,109,006   1,220,023  

See notes to the unaudited condensed consolidated financial statements.

 

NEMAURA MEDICAL INC.
Condensed Consolidated Statements of Comprehensive Loss
(Unaudited)

  Three Months Ended September 30, Six Months Ended September 30,
  2020

($)
2019

($)
2020
($)
2019

($)
         
Revenue:        
Total revenue        
         
Operating expenses:        
Research and development 456,280   462,517   771,592   1,018,699  
General and administrative 771,533   654,523   1,367,253   1,353,532  
Total operating expenses 1,227,813   1,117,040   2,138,845   2,372,231  
         
Loss from operations (1,227,813 ) (1,117,040 ) (2,138,845 ) (2,372,231 )
         
Interest (expense) income (353,404 )   (542,428 ) 3,926  
Net loss (1,581,217 ) (1,117,040 ) (2,681,273 ) (2,368,305 )
         
Other comprehensive loss:        
Foreign currency translation adjustment (19,334 ) (7,401 ) (14,510 ) (23,152 )
Comprehensive loss (1,600,551 ) (1,124,441 ) (2,695,784 ) (2,391,457 )
         
Loss per share:        
Basic and diluted (0.07 ) (0.05 ) (0.12 ) (0.11 )
Weighted average number of shares outstanding 22,384,986   20,802,197   21,636,330   20,792,967  

See notes to the unaudited condensed consolidated financial statements.

NEMAURA MEDICAL INC.

Condensed Consolidated Statements of Changes in Stockholders’ Equity

Three Months Ended September 30, 2020 and 2019 (Unaudited)

  Common Stock                
  Shares   Amount

  Additional
Paid-in Capital

  Accumulated
Deficit

  Accumulated
Other
Comprehensive
Loss

  Total
Stockholders’ Equity

      ($)   ($)   ($)   ($)   ($)
Balance at June 30, 2020 21,282,133   21,282   20,957,486   (18,686,131 )   (332,169 )   1,960,468  
Issuance of common shares under ATM financing, net of offering costs of $845,030 1,611,572   1,612   10,880,897           10,882,509  
Foreign currency translation adjustment           (19,334 )   (19,334 )
Net loss       (1,581,217 )       (1.581,217 )
Balance at September 30, 2020 22,893,705   22,894   31,838,383   (20,267,348 )   (351,502 )   11,242,427  
                       
Balance at June 30, 2019 20,801,680   20,802   16,320,359   (14,677,144 )   (355,639 )   1,308,378  
Restricted shares issued as stock-based compensation to consultants and investor relations 1,250   1   12,375           12,376  
Foreign currency translation adjustment           (7,401 )   (7,401 )
Net loss       (1,117,040 )       (1,117,040 )
Balance at September 30, 2019 20,802,930   20,803   16,332,734   (15,794,184 )   (363,040 )   196,313  

See notes to the unaudited condensed consolidated financial statements.

NEMAURA MEDICAL INC.

Condensed Consolidated Statements of Changes in Stockholders’ Equity

Six Months Ended September 30, 2020 and 2019 (Unaudited)

  Common Stock                
  Shares   Amount
  Additional
Paid-in Capital

  Accumulated
Deficit

  Accumulated
Other
Comprehensive
Loss

  Total
Stockholders’ Equity

      ($)   ($)   ($)   ($)   ($)
Balance at March 31 2020 20,850,848   20,851   16,589,272   (17,586,075 )   (336,992 )   (1,312,944 )
Issuance of common shares under ATM financing, net of offering costs of $967,943 2,004,924   2,005   14,854,674           14,856,679  
Exercise of warrants 37,933   38   394,437           394,475  
Foreign currency translation adjustment           (14,510 )   (14,510 )
Net loss       (2,681,273 )       (2,681,273 )
Balance at September 30, 2020 22,893,705   22,894   31,838,383   (20,267,348 )   (351,502 )   11,242,427  
                       
Balance at March 31, 2019 20,765,592   20,766   15,971,905   (13,425,879 )   (339,888 )   2,226,904  
Exercise of warrants 2,500   2   25,998           26,000  
Issuance of common shares under ATM financing, net of offering costs of $9,575 14,338   14   142,903           142,917  
Restricted shares issued as stock- based compensation to consultants and investor relations 20,500   21   191,928           191,949  
Foreign currency translation adjustment           (23,152 )   (23,152 )
Net loss       (2,368,305 )       (2,368,305 )
Balance at September 30, 2019 20,802,930   20,803   16,332,734   (15,794,184 )   (363,040 )   196,313  

See notes to the unaudited condensed consolidated financial statements.

 

NEMAURA MEDICAL INC.
Condensed Consolidated Statements of Cash Flows
(Unaudited)

  Six Months Ended
September 30,
  2020

($)
2019

($)
     
Cash Flows From Operating Activities:    
Net loss (2,681,273 ) (2,368,305 )
     
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 40,746   28,338  
Accretion of debt discount 542,428    
Stock-based compensation 59,000   277,664  
Changes in assets and liabilities:    
Prepaid expenses and other receivables 94,059   263,022  
Inventory (125,311 ) (170,371 )
Accounts payable (137,999 ) 59,010  
Liability due to related parties (676,560 ) 100,533  
Other liabilities and accrued expenses (121,357 ) (52,608 )
Net cash used in operating activities (3,006,267 ) (1,862,717 )
     
Cash Flows from Investing Activities:    
Capitalized patent costs (27,600 ) (28,310 )
Purchase of property and equipment (14,032 ) (133,716 )
Net cash used in investing activities (41,632 ) (162,026 )
     
Cash Flows from Financing Activities:    
Costs incurred in relation to ATM equity financing (957,193 ) (9,575 )
Commission paid on note payable (325,000 )  
Proceeds from issuance of notes 5,000,000    
Proceeds from issuance of common stock in relation to ATM financing 15,750,672   152,492  
Proceeds from warrant exercise 394,475   26,000  
Repayments of note payable (82,555 )  
Net cash provided by financing activities 19,780,399   168,917  
     
Net increase (decrease) in cash 16,732,500   (1,855,826 )
Effect of exchange rate changes on cash 110,332   (113,723 )
Cash at beginning of period 106,107   3,740,664  
Cash at end of period 16,948,939   1,771,115  
     
Supplemental disclosure of non-cash financing activities:    
Prepayment of equity compensation   85,715  

See notes to the unaudited condensed consolidated financial statements.

 



Automation Fair® From Rockwell Automation Returns Today as New Hybrid Live and Virtual Event: Automation Fair At Home

Automation Fair® From Rockwell Automation Returns Today as New Hybrid Live and Virtual Event: Automation Fair At Home

New virtual event – mixed with forward-thinking sessions, exhibits, and more – launches with over 33,000 registered participants

MILWAUKEE–(BUSINESS WIRE)–
Rockwell Automation, Inc. (NYSE: ROK) the world’s largest company dedicated to industrial automation and digital transformation, along with its PartnerNetwork™, opens the 29th year of its signature showcase event: Automation Fair® At Home from Nov. 16-20.

While this year’s event has been dynamically re-imagined as a primarily virtual experience to safeguard customer, partner, and employee health and safety during the pandemic, Automation Fair At Home attendees can still count on a wide range of exhibits, attend dozens of sessions, hear from global thought leaders, and more. All events are free, but online registration is required.

“The tens of thousands of makers, builders, and innovators who are attending this week’s Automation Fair At Home prove that industrial automation is key to our customer’s success – across every sector,” said Tina Dear, vice president of Global Marketing, Rockwell Automation. “While this year’s event is primarily virtual, it will be as compelling and informative as ever, with more than 175 engaging educational opportunities and over 90 exhibits that showcase the very best of what’s next in automation.”

Automation Fair At Home virtual exhibits showcase the newest products, solutions, and services in industrial automation and digital transformation. Attendees can experience innovations firsthand and talk to solution experts from Rockwell Automation and members of its PartnerNetwork companies.

Highlights of the five-day event include Perspectives keynote presentations and the Rockwell Automation Experience virtual tours:

Perspectives

  • The first three days of the event – Nov. 16-18 – each begin with Perspectives keynote presentations from Rockwell Automation executive leadership, industry experts, and company partners. Exclusively for media in years past, this year, Perspectives is now open to every registered attendee.
  • Blake Moret, Rockwell Automation chairman and CEO, kicks off the first Perspectives session on Nov. 16 at 8 a.m. CST with “Imagine YOUR Next,” a review of the year in industrial automation innovations and a vision for 2021. Other Rockwell Automation experts will speak on topics ranging from the connected supply chain to innovations in software and control, intelligent devices, and LifecyleIQ™ services.
  • Many Perspectives sessions will be presented by leaders from other organizations including Cisco, Georgia-Pacific, Stanley Black & Decker and PTC. Featured speakers include renowned inventor Dean Kamen and futurist Jason Silva.

Virtual Tours: The Rockwell Automation Experience

  • The Rockwell Automation Experience enables participants to virtually tour three newly designed spaces at Rockwell Automation’s Milwaukee headquarters: Digital Engineering Hall, Digital Thread Experience, and Products & Technology Showcase.
  • The Digital Engineering Hall tour features machine design, operations, and maintenance, with an end-to-end demonstration of a digital engineering project.
  • The Digital Thread Experience uses a real-world example to help attendees visualize moving from siloed operations to a digitally connected enterprise.
  • The Products & Technology Showcase features Rockwell Automation’s latest innovations in control, information and lifecycle services. After each tour, participants can discuss products and technology with Rockwell Automation experts.

Automation Fair At Home offers participants many other ways to gain industry knowledge and interact with technology experts. Attendees can participate in engaging hands-on labs, training sessions focused on the newest hardware and software technologies, industry-focused forums, and more. Free online registration is open all week for Automation Fair At Home events here.

About the Rockwell Automation PartnerNetwork™ Program

The Rockwell Automation PartnerNetwork™ program offers global manufacturers access to a collaborative network of companies mutually focused on developing, implementing, and supporting best-in-class solutions to achieve plant-wide optimization, improve machine performance, and meet sustainability objectives.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing The Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

Automation Fair, Automation Fair At Home and PlantPAx are trademarks of Rockwell Automation Inc.

Chaya Jacobs

Rockwell Automation

414-382-0501

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Technology General Automotive Packaging Engineering Chemicals/Plastics Automotive Manufacturing Manufacturing Automotive Software Networks Internet Hardware Other Manufacturing Security

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