Liberty Broadband and GCI Liberty Announce Closing of Combination

Liberty Broadband and GCI Liberty Announce Closing of Combination

ENGLEWOOD, Colo.–(BUSINESS WIRE)–
Liberty Broadband Corporation (“Liberty Broadband”) (NASDAQ: LBRDA, LBRDK, LBRDP) and GCI Liberty, Inc. (“GCI Liberty”) (NASDAQ: GLIBA, GLIBP) each announced that Liberty Broadband has closed its acquisition of GCI Liberty via a stock-for-stock merger (the “combination”).

“We are pleased to have closed Liberty Broadband’s acquisition of GCI Liberty. This process was driven by independent special committees of each company, and we are confident that the transaction will unlock value and benefit the shareholders of both companies,” said Greg Maffei, Liberty Broadband President and CEO.

At the effective time of the combination, (i) each share of GCI Liberty Series A common stock outstanding immediately prior to the effective time was converted into 0.580 of a share of Liberty Broadband Series C common stock, (ii) each share of GCI Liberty Series B common stock outstanding immediately prior to the effective time was converted into 0.580 of a share of Liberty Broadband Series B common stock and (iii) each share of GCI Liberty Series A Cumulative Redeemable Preferred Stock outstanding immediately prior to the effective time was converted into one share of newly issued Liberty Broadband Series A Cumulative Redeemable Preferred Stock. Cash will be paid in lieu of issuing fractional shares of Liberty Broadband Series C common stock and Liberty Broadband Series B common stock.

As a result of the completion of the combination, shares of GCI Liberty Series A common stock and GCI Liberty Series A Cumulative Redeemable Preferred Stock will no longer trade on Nasdaq, and shares of GCI Liberty Series B common stock will be removed from quotation on the OTC Markets. Shares of Liberty Broadband Series A Cumulative Redeemable Preferred Stock are expected to begin trading on the Nasdaq Global Select Market under the symbol “LBRDP” when the market opens on December 21, 2020.

The major assets and liabilities of Liberty Broadband as of the closing of the combination are:

  • Assets

    • 59.5 million shares of Charter Communications
    • GCI Holdings, LLC (“GCI”)
    • Skyhook
    • Approximately $1.5 billion cash & cash equivalents
  • Liabilities

    • $825 million principal 1.25% exchangeable senior debentures
    • $575 million principal 2.75% exchangeable senior debentures
    • $15 million principal 1.75% exchangeable senior debentures
    • $180 million preferred stock (liquidation value)
    • $310 million indemnification obligation (amount as of September 30, 2020)
    • $2.0 billion principal margin loan (total capacity $2.3 billion)
    • $1.4 billion GCI, LLC debt (principal amount, including finance leases and other)

As of December 15, 2020, the date of the special meetings of stockholders of GCI Liberty and Liberty Broadband to approve matters relating to the combination, the remaining repurchase authorization for Liberty Broadband was approximately $694 million and can be applied to repurchases of Series A and Series C shares of Liberty Broadband common stock.

About Liberty Broadband

Liberty Broadband Corporation’s (NASDAQ: LBRDA, LBRDK, LBRDP) businesses consist of its subsidiaries GCI Holdings, LLC (“GCI”) and Skyhook and Liberty Broadband Corporation’s interest in Charter Communications. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

Forward-Looking Statements

This communication includes forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “expected” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. Similarly, statements about the combination and other statements that are not historical facts are also forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Liberty Broadband stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties’ control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to, changes in laws or regulations and general market and economic conditions. These forward-looking statements speak only as of the date of this communication, and Liberty Broadband and GCI Liberty expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Broadband’s or GCI Liberty’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Broadband and GCI Liberty, including the most recent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, for additional information about Liberty Broadband and GCI Liberty and about the risks and uncertainties related to the businesses of Liberty Broadband and GCI Liberty which may affect the statements made in this communication.

Liberty Broadband Corporation

Courtnee Chun, 720-875-5420

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Internet Communications Technology Telecommunications Other Communications

MEDIA:

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Newater Technology, Inc. Announces Half Year 2020 Unaudited Financial Results

PR Newswire

YANTAI, China, Dec. 18, 2020 /PRNewswire/ — Newater Technology, Inc. (NASDAQ: NEWA) (“NEWA”, “we”, “our” or the “Company”), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced its unaudited financial results for the half-year ended June 30, 2020.


Six Months Ended June 30, 2020 Financial Highlights (all comparisons to the six months ended June 30, 2019 unless noted)

  • Revenues increased by 16.80% from $8.73 million to $10.19 million, which resulted from: 1) Greater sales force allocation into new target markets and existing markets; 2) More project sales were generated for the six months ended June 30, 2020.
  • Cost of revenues increased by 6.13% from $4.50 million to $4.78 million due to the increase of revenues.
  • Gross profit increased by 28.18% to $5.41 million compared to $4.22 million for the same period in 2019, while the gross profit margin was 53.11%, compared to 48.39% for the same period in 2019. The increase was due to higher revenue generated per unit of waste water processed for certain projects related to the treatment of leachate from landfill, where the Company believes it possesses technology advantages in this specific field.
  • Operation expense decreased by 16.79% from $5.45 million to $4.53 million, and the percentage of operation expense compared to revenue decreased from 62.44% to 44.48%.
  • Income from operations increased from loss from operations of $1.23 million to income from operations of $0.88 million, due to the increase in gross margin and decrease in selling, general and administrative expenses.

“2021 will be our year of management efficiency.” commented Mr. Yuebiao Li, the Company’s Chairman and Chief Executive Officer, ” We plan to improve management efficiency and remain committed to research and development of DTRO technology as well as expanding the application of DTRO technology in new markets,we believe we will soon see new revenue streams generating from those markets.”

Operating Results for Six Months Ended June 30, 2020

Revenues

We derive our revenues from (1) sale of products such as reverse osmosis and nano-filtration membrane equipment and wastewater treatment equipment (“product revenues”); (2) sale of wastewater treatment projects (“project revenues”); and (3) providing wastewater treatment services to landfill leachates, briny wastewater from industrial parks and coal mines (“service revenues”). Revenues consist of the invoiced value for the sales, net of value-added tax (“VAT”), business tax, applicable local government levies, rebates, discounts and returns.

For the six months ended June 30, 2020, revenues increased by $1.47 million, or 16.80%, to $10.19 million from $8.73 million for the same period last year. This increase was mainly caused by the increase in project sales.

Our project revenues are recognized when our performance obligation under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer, which normally occurs (i) when customer-issued formal acceptance is obtained or (ii) the Company has demonstrated the equipment meets the agreed-upon criteria per the contract when formal acceptance is not available.

Our service revenues are recognized as the performance obligations are satisfied over time, because our customers simultaneously receive and consume benefits as the services are provided by us. Specifically, the revenues have been recognized based on the volume of wastewater purified multiplied by negotiated contract billing rates.

Cost of revenues

Cost of revenues consist primarily of (i) materials and equipment costs, (ii) compensation and related overhead expenses for personnel involved in the customization of our products, delivery, installation and maintenance and services, (iii) contractor costs, and (iv) depreciation of equipment used in operations.

Cost of revenues increased by $0.28 million, or 6.13%, to $4.78 million for the six months ended June 30, 2020 from $4.50 million for the same period last year. As a percentage of revenues, cost of revenues was 46.89% for the six months ended June 30, 2020, compared to 51.61% for the same period last year. The increase of cost of revenues was due to the increase of revenues.

Gross profit and gross margin

Gross profit increased slightly by $1.19 million, or 28.18%, to $5.41 million for the six months ended June 30, 2020 from $4.22 million for the same period last year. In addition, gross margin increased to 53.11% for the six months ended June 30, 2020 from 48.39% for the same period last year. The increase in gross margin was due to the facts that: (1) higher revenue generated per unit of waste water processed for certain projects related to the treatment of leachate from landfill, where the Company believes it possesses technology advantages in this specific field; (2) more membrane column products were sold for the six months ended June 30, 2020, which had a higher gross margin.

Selling, general and administrative expenses

Selling, general and administrative expenses (“SG&A”) decreased by $0.91 million, or 16.79%, to $4.53 million for the six months ended June 30, 2020 from $5.45 million for the same period last year. The decrease was partially due to the decrease in R&D expense, travelling expense, business and entertainment expenses.

R&D expenses decreased by 46.78% for the six months ended June 30, 2020 due to decreased R&D investments into coal mine wastewater and municipal wastewater. Research and development expenses accounted for 29.42% of the selling, general and administrative expenses for the six months ended June 30, 2020, compared with 47.98% for the same period of 2019.

Operating income (loss) and operating margin

Income from operations increased by $2.11 million, to an income of $0.88 million for the six months ended June 30, 2020 from loss of $1.23 million for the same period last year. Operating margin was positive 8.63% for the six months ended June 30, 2020, compared to negative 14.04% for the same period last year.

The significant increase in operating income and operating margin mainly resulted from the increase in revenues, the increase in gross margin, and decrease in expenses for the six months ended June 30, 2020.

Income Taxes

Provision for income taxes was $0.26 million for the six months ended June 30, 2020, an increase of $0.20 million, or 343.39%, from $0.06 million for the same period of last year. We were entitled to a preferential enterprise income tax (“EIT”) rate of 15% in 2020 and 2019. The standard enterprise income tax rate in China is 25%.

Net Income (loss)

Net income was $0.65 million for the six months ended June 30, 2020, compared to net loss of 0.98 million for the same period last year. Earnings per basic and diluted share was $0.06 for the six months ended June 30, 2020, compared to a loss per share of $0.09 for the same period last year.


Financial Conditions

As of June 30, 2020, the Company had cash of $9.47 million, compared to $9.94 million at December 31, 2019. Total working capital was $1.25 million as of June 30, 2020, compared to $1.34 million at the end of 2019.

Net cash used in operating activities was $3.92 million for the six months ended June 30, 2020, compared to net cash used in operating activities of $1.10 million for the same period last year. Net cash used in investing activities was $2.83 million for the six months ended June 30, 2020, compared to $1.07 million for the same period last year. Net cash provided by financing activities was $2.47 million for the six months ended June 30, 2020, compared to $0.93 million for the same period of last year.


Recent Developments

In January 2020, the Company and Yantai Caijin Investment Holding Co., Ltd invested an additional RMB 20,000,000 (approximately $2,873,000) and RMB 30,000,000 (approximately $4,310,000), respectively, in Yantai Jincai Environmental Protection Technology Co., Ltd. The equity interest of Yantai Jincai Environmental Protection Technology Co., Ltd owned by the Company remained at 40%.

On May 29, 2020, the Company and Yantaishi Zhengda Urban Construction Progress Co., Ltd. established Yantai Jinyu Eco-Technology Co., Ltd. (“Yantai Jinyu”), an environmental technology development company. The Company holds 40% equity interest in Yantai Jinyu and intends to invest RMB 20,000,000 (approximately $2,798,000) capital in Yantai Jinyu. The investment was not paid as of June 30, 2020.

The outbreak of the COVID-19 pandemic in China starting from the end of 2019 has posed limitations to the Company’s normal operating routine. The Company followed the restrictive measures implemented in China, by suspending onsite operation until February 2020, when the Company started to gradually resume normal operation. The Company has experienced suspension of operations, interruption of supply chains and decline in demand by the Company’s customers. Currently, there are still sporadic new COVID-19 pandemic cases in China, but the overall epidemic situation is under control. Our Company has resumed to normal operations, Due to the high uncertainty of the evolving situation, the Company has limited visibility on the full impact brought upon by the COVID-19 pandemic and the related financial impact cannot be estimated at this time.


About Newater Technology, Inc.

Founded in 2012 and headquartered in Yantai, China, Newater specializes in the development, manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF (Disk Tube Nano-Filtration) membranes for wastewater treatment, recycling and discharge. Newater provides integrated technical solutions in engineering support and installation, technical advice and water purification services, and other project-related solutions to turn wastewater into valuable clean water. Newater also provides wastewater treatment services, such as landfill leachate treatment and purification services.

The Company’s products can be used across a wide spectrum of industries, including:

  • Reuse of high quality reclaimed water;
  • High-salt and high-polluting wastewater treatment and near zero-liquid discharge;
  • Highly efficient treatment of Landfill leachate; and
  • Utilization of acid or alkali-containing wastewater as resources.

More information about the Company can be found at: www.dtnewa.com.


Notice

Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.


Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding: 1) its ability to improve management efficiency; 2) its ability to expand intp new markets and ability to generate revenue therefrom; 3) the continued expansion of its research and development; 4) the impact of COVID-19 on the Company’s business operations, financial condition and operating results; and 5) its continued growth are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the water filtration industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

 

 


NEWATER TECHNOLOGY, INC. AND SUBSIDIARIES


CONSOLIDATED BALANCE SHEETS


June 30,


December 31,


2020


2019

(Unaudited)


ASSETS


Current assets

Cash and cash equivalents

$

9,467,193

$

9,944,765

Restricted cash, current

154,046

4,021,177

Accounts receivable, net

9,485,113

11,293,625

Accounts receivable – related parties, net

4,447,452

2,392,087

Notes receivable

360,505

Inventories

22,323,811

13,715,369

Deferred cost of revenue

221,737

Advance to suppliers and other current assets, net

13,122,292

4,699,755

Advance to suppliers – related parties

393,325


Total current assets

59,393,232

46,649,020

Retentions receivable, non-current

12,662

734,140

Property, plant and equipment, net

22,485,025

24,611,862

Land use rights, net

1,955,035

2,008,096

Operating lease right-of-use assets

124,547

141,016

Deposit on loan agreement

905,464

918,643

Long-term investments

5,683,006

2,997,419


Total assets

$

90,558,971

$

78,060,196


LIABILITIES AND SHAREHOLDERS’ EQUITY


Current liabilities

Accounts payable and bank acceptance notes to vendors

$

6,041,747

$

8,099,529

Accounts payable – related parties

2,823,000

5,225,004

Loans due within one year

10,373,418

11,809,449

Loans due within one year – related party

4,757,930

Advances from customers

7,853,001

5,522,913

Advances from customers – related parties

22,265,709

7,254,968

Income tax payables

218,512

322,419

Accrued expenses and other payables

3,309,098

6,971,505

Operating lease liabilities, current

64,981

56,852

Deferred income

438,584

43,061


Total current liabilities

58,145,980

45,305,700

Deferred Income, non-current

417,362

43,061

Deferred tax liabilities

284,544

288,687

Operating lease liabilities, non-current

33,699

68,420

Long-term loans, less current portion and unamortized debt issuance costs

429,260

1,377,217


Total non-current liabilities

1,164,865

1,777,385


Total liabilities

59,310,845

47,083,085


Shareholders’ equity

Common shares ($0.001 par value, 200,000,000 shares authorized, 10,809,000 shares
  issued and outstanding as of June 30, 2020 and December 31, 2019)

10,809

10,809

Additional paid-in capital

26,303,348

26,303,348

Statutory reserves

2,373,849

2,267,219

Retained earnings

4,489,975

3,946,021

Accumulated other comprehensive loss

(1,929,855)

(1,550,286)


Total shareholders’ equity

31,248,126

30,977,111


Total liabilities and shareholders’ equity

$

90,558,971

$

78,060,196

 

 

 


NEWATER TECHNOLOGY, INC. AND SUBSIDIARIES


CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)


(Unaudited)


For the Six Months Ended
June 30,


2020


2019

Net revenues

$

7,028,849

$

4,349,931

Net revenues from related parties

3,163,246

4,376,104


Total revenues

10,192,095

8,726,035

Cost of revenues

4,496,363

4,124,057

Cost of revenues from related parties

282,700

379,014


Total cost of revenues

4,779,063

4,503,071


Gross profit

5,413,032

4,222,964

Operating expenses:

Selling, general and administrative

4,533,523

5,448,482


Total operating expenses

4,533,523

5,448,482


Income (loss) from operations

879,509

(1,225,518)

Interest expense

460,626

497,800

Interest income

(45,890)

(16,488)

Government grants

(497,006)

(844,352)

Other expense (income)

(47,302)

59,554

Loss from equity method investments

101,501

Total other income

(28,071)

(303,486)


Net Income (loss) before income tax provisions

907,580

(922,032)

Income tax provision

256,996

57,961


Net Income (loss)

650,584

(979,993)


Other comprehensive income (loss)

Foreign currency translation adjustment

(379,569)

44,469


Total comprehensive income (loss)

$

271,015

$

(935,524)


Earnings (loss) per share

Basic

$

0.06

$

(0.09)

Diluted

$

0.06

$

(0.09)


Weighted average number of common shares outstanding

Basic

10,809,000

10,809,000.00

Diluted

10,809,000

10,809,000.00

 

 

 


NEWATER TECHNOLOGY, INC.


CONSOLIDATED STATEMENTS OF CASH FLOWS


(Unaudited)


For the Six Months
Ended June 30,


2020


2019


Cash flows from operating activities

Net income (loss)

$

650,584

$

(979,993)

Adjustments to reconcile net income to net cash used in operating activities:

Loss from equity method investments

101,501

Depreciation and amortization expense

1,028,343

452,175

Deferred income taxes

(165,462)

Bad debt expense

(49,059)

Amortization of debt issuance costs

92,922

186,616

Noncash lease expense

29,787

Loss (gain) on disposal of property, plant and equipment

(14,242)

36,056

Changes in operating assets and liabilities:

Accounts receivable, net

1,703,935

(1,849,692)

Accounts receivable – related parties, net

(2,100,320)

59,155

Notes receivable

357,142

(339,314)

Inventories

(7,860,071)

(3,628,348)

Deferred cost of revenue

219,668

(425,936)

Advances to suppliers and other current assets, net

(8,840,247)

(1,745,404)

Advances to suppliers – related parties

(395,327)

Retentions receivable, non-current

714,565

Deposit – related party

10,319

Accounts payable and bank acceptance notes to vendors

(1,966,468)

1,995,676

Accounts payable – related parties

(2,338,893)

1,917,626

Deferred income

398,157

Advances from customers

2,421,585

2,900,143

Advances from customers – related parties

15,191,766

2,070,275

Due to related parties

737,039

Deferred income, non-current

376,827

Operating lease liabilities

(85,451)

Income tax payables

(99,787)

(742,689)

Accrued expenses and other payables

(3,460,645)

(1,587,558)


Net cash used in operating activities

(3,923,728)

(1,099,316)


Cash flows from investing activities

Cash paid for equity method investment

(2,873,522)

Purchase of property, plant and equipment

(3,404)

(1,172,508)

Proceeds from sale of property and equipment

42,660

106,625


Net cash used in investing activities

(2,834,266)

(1,065,883)


Cash flows from financing activities

Proceeds from related party

4,951,756

Repayment to related party

(193,826)

(4,606)

Deposit on loan agreement

(503,939)

Proceeds from loans due within one year

3,972,532

1,196,073

Repayment of loans due within one year

(4,191,687)

(2,600,489)

Proceeds from long-term loans

6,376,169

Payment of debt issuance costs

(335,938)

Repayment of long-term loans

(2,073,093)

(3,195,888)


Net cash provided by financing activities

2,465,682

931,382


Effect of foreign exchange rate changes on cash, cash equivalents and restricted
cash

(52,391)

(51,484)


Net change in cash, cash equivalents and restricted cash

(4,344,703)

(1,285,301)


Cash, cash equivalents and restricted cash, beginning of the period

13,965,942

8,494,983


Cash, cash equivalents and restricted cash, end of the period

$

9,621,239

$

7,209,682


Supplemental cash flow information

Cash paid for interest

$

294,959

$

538,764

Cash paid for income taxes

$

349,819

$

966,113


Non-cash investing and financing activities:

Liabilities assumed in connection with purchase of property, equipment and plant

$

140,821

$

216,064

Property, plant and equipment transferred from inventories

$

989,956

$

847,956

Operating expenses paid by related parties

$

$

4,606


Reconciliation of cash, cash equivalents and restricted cash to the consolidated
balance sheets

Cash and cash equivalents

$

9,467,193

$

2,676,097

Restricted cash

154,046

4,533,585


Total cash, cash equivalents and restricted cash

$

9,621,239

$

7,209,682

 

 

Cision View original content:http://www.prnewswire.com/news-releases/newater-technology-inc-announces-half-year-2020-unaudited-financial-results-301195789.html

SOURCE Newater Technology, Inc.

Mindful Media Introduces 11 Female Entrepreneurs Everyone Will Know in 2021

Vancouver, BC, Dec. 18, 2020 (GLOBE NEWSWIRE) — A female icon once asked a very important question, inquiring about “who run the world?” Well, Queen B, though you asked the question (which we believe was rhetorical), recent years have seen a large influx of female-founded companies successfully proving the answer within the entrepreneurial world

Mindful Media points out that female entrepreneurs continue to break glass ceilings year over year. 2018 saw a global investment of nearly $40 billion in companies with at least one female founder, a stark contrast to the $19.8 billion invested the year prior. Within one year, the global economy more than doubled its investment in companies with female founders

Not only are we seeing greater investment in companies with a female-founder, but we are also seeing these companies outperform all-male founded companies. First Round Capital recently reported that out of their investment portfolio, companies with a female founder performed 63% better than companies with all-male founders. 

Furthermore, Nasdaq’s recent proposal of requiring companies to have at least two diverse directors, including one woman and one minority or LGBTQ, is showing that the global market titan is ready to put its money where its mouth is in backing female entrepreneurial involvement. 

2021 is looking bright for the women of the world who are pushing forth with their entrepreneurial feats, and we’ve highlighted 11 powerhouses that will be shattering glass ceilings and inspiring other women in the year to come. 

Brene Brown 

Author, Researcher Professor, and Motivational Speaker 

Brene Brown’s “The Power of Vulnerability” is one of the most transformative, insightful, and heartfelt TED talks ever created. Being one of the most-watched TED talks of all time with over 50 million views, the video shares a powerful message: “you’re imperfect and wired for struggle, but worthy of love and belonging.” Her beautiful insights, such as, “one must willingly give in to vulnerability to experience something beautiful,” has been life-changing for millions. Brene has spent the past two decades studying courage, vulnerability, shame, and empathy as a research professor at the University of Houston. Today, she’s the author of five #1 New York Times bestsellers, culminating a seven-year study on courage and leadership.

The vulnerability expert continues to move the world with her valuable insights and is the first researcher ever to partner with Netflix in 2019 for a one-hour special: “The Call to Courage.” Through her podcast, “Unlocking Us,” Brene continues to impact the world with the weight of her words through sharing real, unpolished, and honest stories about what it means to be human. As a researcher, educator, and inspiration, Brene Brown is a powerhouse who will continue sharing with the world immense value 

Visit her website here

Tara Bosch 
Founder of Smart Sweets 

Before reinventing the candy aisle, Tara Bosch was a 21-year-old university student with a sweet tooth, leading to an unhealthy relationship with food. Her sugar cravings were slowly chipping away at her body image, self-esteem, and confidence. This frustration gradually gave birth to Smart Sweets which boasts the motto of Kick Sugar, Keep Candy.

In 2015 Tara began a quest to find a smarter way to eat candy and started testing out different recipes after ordering a gummy mold off amazon. After experimenting with a seemingly endless amount of recipes, she was victorious in making a delicious candy – sans sugar – using natural ingredients like plant-based fibers and the natural sweetener stevia, officially launching the company in 2016. By 2020, Tara sold a majority stake of Smart Sweets for a reported $360 million, while remaining the largest individual shareholder of the company. The 26-year-old Canadian entrepreneur has come a long way in a short time, and we suspect she has more up her sleeve in the years to come. 

Scope out her candy creations here 

Sara Blakely

Founder of Spanx 

What started as “footless pantyhose” is now a revolutionary invention that forever changed women’s shapewear. Sara Blakely started the company Spanx after cutting off the feet to her stockings to wear under a pair of cream pants. The footless pantyhose felt great, made her look slim, and it helped her feel confident in her skin. That moment was the beginning of a journey that would change women’s lives when it came to shapewear. She instantly recognized that this was something all women needed to have. After being denied by every industry representative, Sara did not give up on her mission. From what was once labeled as a “crazy idea” to now a billion-dollar business, Sara’s journey reiterates that no dream is too big to come true. 

Sara had never taken a business class or worked in fashion or retail, but had been selling fax machines door-to-door when she started Spanx as a side hustle from her apartment in Atlanta. Through Spanx, she solved women’s wardrobe woes by making intimates that made women feel beautiful about their bodies. Having built Spanx as a globally renowned brand, Sarah is ranked as one of the richest self-made women in the country. Her advice to women is inspiring: “Be the CEO your parents always wanted you to marry!” 

Scroll through her products Here 

Michele Romanow 

Founder of Clearbank 

Named a Young Global Leader by the World Economic Forum and one of Canada’s Most Powerful Women, Michele Romanow is a serial tech entrepreneur. Through Clearbanc, she has invested more than $1B into 3,300 companies, making them the world’s biggest e-commerce investor. Clearbanc is the fastest, most affordable way for founders to fund their business. The brand’s data-driven approach has allowed the company to invest in more female-founded business than any other company. Listed as the only Canadian on Forbes’ “Millennial on a Mission” list, Michele’s secret to success lies in the philosophy of “start now and fix later.”

She launched the first-ever zero-consumer waste coffee shop while studying at university and founded three other companies before 30. Learning at a young age that success demands consistency, Michele advises all young entrepreneurs not to wait to get started as “there’s no better time than now.”

Michele is driven with enormous energy to lead and grow successful ventures, making her one of the youngest hosts on the show Dragon’s Den. Michele continues to work with the world’s leading brands such as Netflix, Starbucks, and Cirque du Soleil creating digital solutions.  

Visit her LinkedIn Here

Sarah Hawley 

Founder of Growmotely

Sarah Hawley’s relentless efforts to make remote-work both achievable and attainable for all professionals will be taking flight in 2021 with the launch of Growmotely, a revolutionary remote work platform matching skilled professionals with growing companies. By making long-term remote jobs available to professionals seeking fulfilling work that’s location independent, the company provides freedom and security. 

As the Founder and CEO of Growmotely, Sarah is crusading the remote work movement, dramatically impacting the industry with her commitment to creating a better way. The serial entrepreneur brings to her position at Growmotley over a decade of experience founding and launching an impressive total of 8 companies (all of which she’s run remotely since 2014). 

Why do we love Sarah? Because she says things like “(I’m) personally fueled by a passion for challenging the status quo of how we work, conscious culture and leadership, community, diversity and  equality, and living life on one’s own terms.” As both a Professional Speaker and Published Author, Sarah uses her voice to spread her values, and her recognition as one of Melbourne’s Top 100 most influential, inspiring, and creative citizens as well as Shoestring’s Top 50 Female Entrepreneurs Under 40 shows her voice is being heard! Sarah is ensuring the future will be bright, and we cannot wait to watch her light it up. 

See her latest and greatest here

Joanna Griffiths

Founder of Knix

Joanna Griffiths, founder and CEO of Knix, is at the forefront of body positivity and inclusivity. After giving birth to her newborn, Joanna struggled to breastfeed her baby and couldn’t help but feel like a failure. It didn’t help that she had never seen women’s real and raw images during this time of their life. They were always photoshopped and curated to perfection. She took to Instagram to express her pain during this time. To her surprise, she got overwhelming support from women sharing the same problem as her. This incident birthed the idea of leak-proof underwear that brought together a community of millions of women in sharing the raw narrative about life after childbirth.

In just six years, Knix has become one of the industry’s leading brands, with one Knix item being sold every ten seconds. Joanna credits her brand’s success to the impact they’re creating on women’s lives. She believes her secret to success was to have a larger purpose that helps millions of people. Admitting that though this wasn’t the sexiest idea she had for a product, it has managed to change women’s lives forever. Joanna wants to continue to reach new markets by continually listening to women’s real problems and creating revolutionary solutions. In addition to making legendary intimate wear, Joanna features women’s real stories through Faces of Fertility and The Life After Birth Project; the Knix community is the brand’s beating heart.

Search her creations here 

Jillian Harris 
Founder of Jillian Harris Design & The Jilly Box 

Jillian Harris is an iconic household name who began her career as an interior designer, proving to have an impeccable eye when she was hired by the Cactus Club Cafe restaurant chain as their official designer in 2006, and later brought on to design Browns Socialhouse. Her career was launched into the limelight in 2009 when she was a contestant on The Bachelor, a show which she eventually hosted herself as The Bachelorette

Today, Jillian has combined her love and talent for interior design with her experience as a public icon in growing her personal brand, Jillian Harris. Her brand is a mixture of interior design, collaboration projects, and lifestyle tips inspiring a massive audience. Recently, Jillian launched The Jilly Box, which contains her favorite products available at a fraction of the price. We love Jillian Harris for her ability to apply her skills to a variety of industries, from interior design, to television, to product branding – she really is a woman who sees no limits and we cannot wait to see what other surprises she has in store for us in 2021.

See what she’s up to Here 

Anniston Riekstins 
Co-Founder of In Power University 

Have you struggled to bring your inner-dreams and desires to life?

Anniston Riekstins is a Spiritual Teacher and Success Coach who guides individuals to create their purpose-driven business using a Flow vs. Force system. She’s made it her mission to help millions of budding entrepreneurs bring their unique gifts and purpose out into the world and her immersive courses are built to serve as a launchpad towards success.

Stepping fully into your purpose and committing to share it with the world requires a balanced approach of spiritual practices and modern-day strategies. Anniston has taught hundreds of clients how to connect to their own internal guidance system before taking powerful inspired action. The result is an abundant business that flows with ease vs. feeling disempowered by competition, lack, and challenges.    

Today Anniston is the Co-Founder of InPower University where she facilitates private and group coaching programs alongside her husband and fellow coach, Rudi Riekstins. She’s also the Co-Founder of Divine Awakening Space, a spiritual lifestyle brand with the mission to provide daily inspiration and reminders for individuals seeking spiritual growth and self-mastery.

We are excited to see the change she brings about in 2021. 

Visit her website here 

Stacy Raske

Soulful Success Coach for High-Performance Women Leaders

For the high performing female hustlers out there… ever feel like you have to scale back your awesomeness for fear that it might be too much for others to handle? We might be entering 2021, but that hasn’t changed a vast amount of societal norms that dictate HOW a woman is supposed to act. Stacy Raske is a bad*ss female who has recognized the challenges women face every day in reigning back their superpowers as to not overstep. The Iraq War Veteran, entrepreneur, bestselling author, public speaker, and coach is not afraid to let her awesomeness shine and is coaching others on how to do the same. 

Through helping others to uncover their power as an authentic Alpha Woman, Stacy is helping thousands of women from all walks of life reclaim their superpowers that society has forced them to suppress. 2021 is providing us the opportunity to press reset on the past, Stacy Raske is the female entrepreneur to not only help you press the reset button, but she’ll be there to guide you through the next amazing phase of your life that sees you tapping into your full power, pleasure, purpose, and prosperity.

Check out her programs Here

Corene Summers 

Founder of Artisan Farmacy 

Are you hungry to reach elevated states of consciousness and awaken your highest purpose? It’s no secret we live in chaotic times, which can provide opportunities for massive healing and transformation if we are open. In recognizing this, Corene Summers, CEO and founder of Artisan Farmacy, is helping others rise above their deepest challenges and thrive through cultivating their own unique “farmacy” of tools and rituals that activate inner peace, strength, and power. Driven by the mission to share Ancient Wisdom with the Modern World, Corene is a powerful energy healer and Reiki Master helping others to explore freedom and health, teaching them to cultivate a life of high vibes that is unique to their needs and goals. Her unrivaled expertise as an Executive Wellness & Mindfulness Coach is proven by the 100K individuals her work has impacted. 

Through her recently launched membership program, The Frequency Shifters CommUNITY for Healing Souls, Corene is sharing with members how to live life at its maximum potential. With 55+ Audio and Video exercises, 11+ EBook downloads, monthly ancient wisdom workshops, 2x Weekly LIVE Sessions with Q&A’s, and unlimited access to material anytime & anywhere, members are provided with an extensive kit of tools, resources, and expert guidance to heal past trauma, overcome pain, and cultivate a life they can fall in love with. 

Check out Corene’s CommUNITY today.

Cassady Cayne 
Spiritual Author and Lightworker 

For those who struggle with matters of the heart, including love and relationships, Cassady Cayne has dedicated her life’s work to create solutions to such struggles. The best-selling spiritual author, energy love coach, and lightworker has helped thousands to unlock their inner light, empowering them along their path of self-discovery. 

Cassady’s journey began with a spiritual awakening that unlocked her intuitive gift of energy healing. This led to the launch of her blog where she started sharing high vibrational channeled messages and resources with others in Ascension. From here, she curated a large following who practiced and benefited from her knowledge and advice. Today, Cassady has recently published her book, “The Universe Speaks, Are You Listening?” which shares 111 High Vibrational Messages, and she has recently launched her program, “The Love Blueprint teaching participants about how to heal underlying love blocks, childhood wounds and activate their heart’s power to attract and keep true love. Cassady’s sensational ability to turn her spiritual awakening into a platform on which she can speak to a growing following is why we believe her to be a female entrepreneur to follow in 2021. 

Discover her programs here 



Michael Graziano
Mindful Media
[email protected]
https://www.mindfulmediapr.com

Independence Gold Grants Incentive Stock Options

VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) — Independence Gold Corp. (TSX.V: IGO) (the “Company”) wishes to announce the granting of incentive stock options to certain consultants and employees to purchase up to 550,000 common shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on December 18, 2020, exercisable at a price of $0.18 per share.

ON BEHALF OF THE BOARD of Independence Gold Corp.

“Randy Turner”

Randy Turner, President and CEO

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

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under Independence Gold Corp.’s SEDAR profile at

www.sedar.com

.  Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Contact:
Telephone: 604-687-3959
Facsimile: 604-687-1448
E-Mail: [email protected]



Pulse Seismic Inc. Announces $3.05 Million Seismic Data Licensing Sale and Amended and Restated Credit Agreement

CALGARY, Alberta, Dec. 18, 2020 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce it has signed a $3.05 million seismic data licensing agreement, resulting in total seismic data library sales of $5.0 million to date for the fourth quarter of 2020, and year-to-date seismic data library sales of approximately $10.9 million. Additionally, the Company reports that it has amended and restated its senior credit facility effective December 18, 2020 (the “Restated Credit Agreement”).

The sale announced today is a transaction-based seismic data licensing sale. The licensed data is spread throughout the Deep Basin region of the Western Canada Sedimentary Basin. Transaction-based sales are a significant part of Pulse’s revenue this year, as traditional sales are low due to reduced capital spending among Pulse’s customers.

Pulse’s low-cost structure enables the Company to generate shareholder free cash flow even with lower data library sales revenue. The focus in 2020 has been to use excess cash for debt reduction and this will continue into 2021. The Company has been able to reduce debt by $3.5 million in 2020 and, thanks to this and other sales, anticipates making additional lump-sum payments on the revolving credit facility early in the new year.

The simplified Restated Credit Agreement consists of a $25.0 million revolving credit facility. Prior to the amendment and restatement, the credit facilities were comprised of a $30.0 million revolving credit facility and a $15.0 million term facility with a $40.0 million accordion feature. At the amendment date the balances owing were $5.9 million on the revolving facility and $12.4 million on the term facility. The balance of the term facility has been repaid with proceeds from the revolving facility and cancelled. As of today, the balance drawn on the revolving credit facility is $18.3 million, leaving $6.7 million available.

As part of the new arrangement, the agreement has also been extended an additional year, from January 15, 2022 to January 15, 2023. The covenants and other terms and conditions under the Restated Credit Agreement were substantially carried over from the existing credit agreement. The complete Restated Credit Agreement will be available at www.sedar.com shortly.

In June of this year, Pulse proactively negotiated financial covenant amendments to its senior credit facility for a one-year modification period, to gain additional flexibility as it dealt with the impacts of the COVID-19 pandemic and the decline in commodity prices that affected its business. To date, the Company has not needed to rely on these amendments. The amendments apply to the Restated Credit Agreement, with additional adjustments to certain ratios that are consistent with the new, all-revolver structure.

“Pulse is pleased to have further amended its senior credit facility, providing us with improved repayment flexibility and significantly reduced financing costs,” stated Neal Coleman, Pulse’s President and CEO. “We truly value the ongoing support of our lenders and appreciate their understanding of our industry as we tailor our credit facilities to the unique features of Pulse’s business. Transaction-based sales like the one announced today, while unpredictable in timing and amount, can provide additional ability to make significant debt repayments. Going forward, we remain very focused on further reducing debt and controlling our cost structure.”

The financial information in this news release is based on management’s estimates and has not yet been approved by the Company’s Audit Committee or Board of Directors, nor reviewed by the Company’s auditors.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada’s oil and natural gas exploration and development occur.

For further information, please contact:

Neal Coleman, President and CEO
Or
Pamela Wicks, Vice President Finance and CFO
Tel.: 403-237-5559
Toll-free: 1-877-460-5559
E-mail: [email protected].
Please visit our website at www.pulseseismic.com

This document contains information that constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities legislation, including, but not limited to, statements regarding:

>    Recent events on the political, economic, regulatory, public health and legal fronts affecting the industry’s medium- to longer-term prospects;
The Company’s capital resources and sufficiency thereof to finance future operations, meet its obligations associated with financial liabilities and carry out the necessary capital expenditures through 2021;
>    Oil and natural gas prices and forecasted trends;
>    Oil and natural gas company capital budgets;
>    Future demand for seismic data;
>    Future seismic data sales; and
>    Other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results and performance, as they relate to the Company or to the oil and gas industry as a whole.

By its very nature, forward-looking information involves inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information. These factors include, but are not limited to: volatility of oil and natural gas prices; risks associated with the oil and gas industry in general; the Company’s ability to access external sources of debt and equity capital; credit, liquidity and commodity price risks; environmental, health and safety risks, including those related to the COVID-19 pandemic; federal and provincial government laws and regulations, including those pertaining to taxation, royalty rates, environmental protection, public health and safety; competition; the loss of seismic data; the introduction of new products; and climate change.

Pulse cautions that the foregoing list of factors that may affect future results is not exhaustive. Additional risks and factors and information related thereto which could affect the Company’s operations and financial results is included under “Risk Factors” in the in the Company’s most recent annual information form, and in the Company’s most recent audited annual financial statements, most recent MD&A, management information circular, quarterly reports, material change reports and news releases. Copies of the Company’s public filings are available on SEDAR at www.sedar.com.

The forward-looking information contained in this document is provided as of the date of this document and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, except as required by law. The forward-looking information in this document is provided for the limited purpose of enabling current and potential investors to evaluate an investment in Pulse. Such forward-looking information may not be appropriate, and should not be used, for other purposes.

PDF available: http://ml.globenewswire.com/Resource/Download/845d586c-5d66-4216-9e9e-e98ad8e5a324



U.S. FDA Approves Supplemental New Drug Application for Takeda’s ICLUSIG® (ponatinib) for Adult Patients with Resistant or Intolerant Chronic-Phase CML

U.S. FDA Approves Supplemental New Drug Application for Takeda’s ICLUSIG® (ponatinib) for Adult Patients with Resistant or Intolerant Chronic-Phase CML

Updated ICLUSIG Label will Prove Practice-Changing, Expanding Indication to CP-CML Patients with Resistance or Intolerance to At Least Two Prior Tyrosine Kinase Inhibitors (TKIs) –

­– Approval Based on Data from the Phase 2 OPTIC Trial, Which Evaluated Response-Based ICLUSIG Dosing Regimens in CP-CML

New Dosing Regimen in CP-CML Optimizes Benefit-Risk Profile, Providing Efficacy and Improving Safety

CAMBRIDGE, Mass. & OSAKA, Japan–(BUSINESS WIRE)–
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) today announced that the U.S. Food and Drug Administration (FDA) has approved the supplemental New Drug Application (sNDA) for ICLUSIG® (ponatinib) for adult patients with chronic-phase (CP) chronic myeloid leukemia (CML) with resistance or intolerance to at least two prior kinase inhibitors. The updated label includes an optimized, response-based ICLUSIG dosing regimen in CP-CML with a daily starting dose of 45 mg and, upon achieving ≤1% BCR-ABL1IS, dose reduction to 15 mg. This dosing regimen aims to maximize benefit-risk by providing efficacy and decreasing the risk of adverse events (AEs), including arterial occlusive events (AOEs).

“The FDA’s approval of this sNDA is a major milestone for the CML community. Though chronic-phase CML is often manageable, many patients still experience poor long-term outcomes and could benefit from a third-generation TKI earlier in their treatment journey,” said Teresa Bitetti, President, Global Oncology, Takeda. “ICLUSIG is proven to be effective for many patients with resistant disease, and its use at the critical moment can lead to meaningful outcomes for these patients. We are excited about this updated label and believe it will help address gaps in care for patients with resistant or intolerant chronic-phase CML by optimizing treatment with ICLUSIG.”

The sNDA approval is based on data from the Phase 2 OPTIC (Optimizing Ponatinib Treatment In CML) trial, as well as five-year data from the Phase 2 PACE (Ponatinib Ph+ ALL and CML Evaluation) trial.

The OPTIC trial included patients with CP-CML whose disease was highly-resistant to their immediate prior TKI, the majority of whom (65%) did not achieve a response greater than complete hematological response (CHR) on immediate prior therapy.At 12 months, 42% of 88 patients utilizing the newly approved response-based dosing regimen (45 mg to 15 mg) achieved ≤1% BCR-ABL1IS, the primary endpoint of OPTIC, and at a median follow up time of 28.5 months, 73% of these patients maintained their response. In these patients, 13% experienced an AOE of any Grade, 7% experienced Grade 3 or higher. Risk factors such as uncontrolled hypertension or diabetes should be managed, and caution should be exercised when treating patients with active or substantial history of clinically significant, uncontrolled cardiovascular disease.

“CML can be difficult to treat, particularly when patients have experienced resistance or intolerance to two or more TKIs. The revised indication allows physicians to consider ICLUSIG earlier in a course of treatment for chronic-phase CML patients, when it might provide the potential for the greatest benefit,” said Jorge Cortes, MD, Director of the Georgia Cancer Center. “As evidenced by the updated label, response-based dosing of ICLUSIG may allow patients to achieve the desired benefit that we know ICLUSIG can provide while reducing the risk for arterial occlusive events, a concern of physicians and, therefore, an important aspect of chronic-phase CML management.”

Data from the OPTIC and PACE studies were presented virtually at the 56th American Society of Clinical Oncology (ASCO) Annual Meeting, the 25th European Hematology Association (EHA) Annual Meeting and the 62nd American Society of Hematology (ASH) Annual Meeting.

About the OPTIC Trial

OPTIC (Optimizing Ponatinib Treatment In CML) is an ongoing randomized, dose-ranging trial designed to evaluate three starting doses of ICLUSIG (15 mg, 30 mg, 45 mg) in patients with resistant chronic-phase (CP) chronic myeloid leukemia (CML) or who had documented history of presence of T315I mutation after receiving any number of prior TKIs. Dose reduction at response occurred per study protocol. The trial is expected to inform the optimal use of ICLUSIG® (ponatinib) in these patients. 282 patients were enrolled at clinical sites around the world, with 94 patients receiving the 45 mg starting dose. The primary endpoint of the trial is achieving ≤1% BCR-ABL1IS at 12 months.

OPTIC data showed that optimal benefit-risk with ICLUSIG can be obtained with a response-based dosing regimen, 45 mg/day to 15 mg/day upon achieving ≤1% BCR-ABL1IS in patients with CP-CML highly resistant to prior TKI therapies both with or without BRC-ABL1 mutations. At 12 months, 42% of 88 patients who received the 45 mg starting dose achieved ≤1% BCR-ABL1IS. At a median follow up time of 28.5 months, the OPTIC study showed that, among patients receiving ICLUSIG 45 to 15 mg, 73% maintained their response. In these patients, 13% experienced an AOE of any Grade, 7% experienced Grade 3 or higher. Adverse reactions occurring in >20% of patients in the OPTIC trialincluded: rash and related conditions, hypertension, arthralgia, hyperlipidemia, hepatic dysfunction, pancreatitis, and abdominal pain. The most common (>20%) Grade 3 or 4 laboratory abnormalities were platelet count decreased and neutrophil cell count decreased.

About the PACE Trial

The PACE (Ponatinib Ph+ ALL and CML Evaluation) trial evaluated the efficacy and safety of ICLUSIG in CML and Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL) patients resistant or intolerant to dasatinib or nilotinib, or with the T315I mutation. A total of 449 patients were treated with ponatinib at a starting dose of 45 mg/day. An estimated 93% of patients previously received two or more approved TKIs and 56% of all patients had received three or more approved TKIs. 55% of 267 patients with CP-CML in the PACE trial achieved major cytogenetic response (MCyR) by 12 months – the primary endpoint of the PACE trial for CP-CML patients – and 70% of 64 CP-CML patients with T315I+ achieved MCyR. Enrollment in the PACE trial was completed in October 2011. In the PACE trial, 26% of 449 patients experienced AOEs. The most common (>20%) non-hematologic adverse reactions were rash and related conditions, arthralgia, abdominal pain, fatigue, constipation, headache, dry skin, fluid retention and edema, hepatic dysfunction, hypertension, pyrexia, nausea, hemorrhage, pancreatitis/lipase elevation, AOEs, diarrhea, vomiting, and myalgia.

About CML and Ph+ ALL

CML – a rare malignancy – is one of four main types of leukemia; it is a result of a genetic mutation that takes place in early, immature versions of myeloid cells, which form red blood cells, platelets and most types of white blood cells. Subsequently, an abnormal gene called BCR-ABL1 forms, turning the damaged cell into a CML cell. CML typically progresses slowly, but it can change into a fast-growing acute leukemia that is hard to treat.

Ph+ ALL is a rare form of ALL that affects approximately 25% of adult ALL patients in the U.S. and is characterized by the presence of an abnormal gene, known as the Philadelphia chromosome. In patients who are Philadelphia chromosome-positive (Ph+), an abnormal chromosome is formed when pieces of chromosomes 9 and 22 switch with each other. This forms a longer chromosome 9 and a shorter chromosome 22, which leads to the development of BCR-ABL1 and is associated with Ph+ ALL.

About ICLUSIG® (ponatinib) tablets

ICLUSIG is a kinase inhibitor targeting BCR-ABL1, an abnormal tyrosine kinase that is expressed in CML and Ph+ ALL. ICLUSIG is a targeted cancer medicine developed using a computational and structure-based drug-design platform, specifically designed to inhibit the activity of BCR-ABL1 and its mutations. ICLUSIG inhibits native BCR-ABL1, as well as all BCR-ABL1 treatment-resistant mutations, including the most resistant T315I mutation. ICLUSIG is the only approved TKI that demonstrates activity against the T315I gatekeeper mutation of BCR-ABL1. This mutation has been associated with resistance to all other approved TKIs. ICLUSIG received full approval from the FDA in November 2016. ICLUSIG is indicated for the treatment of adult patients with chronic-phase (CP) CML with resistance or intolerance to at least two prior kinase inhibitors, accelerated-phase (AP) or blast-phase (BP) CML or Ph+ ALL for whom no other kinase inhibitor is indicated, and T315I-positive CML (CP, AP or BP) or T315I+ Ph+ ALL. ICLUSIG is not indicated and is not recommended for the treatment of patients with newly diagnosed CP-CML.

IMPORTANT SAFETY INFORMATION (U.S.)

WARNING: ARTERIAL OCCLUSIVE EVENTS, VENOUS THROMBOEMBOLIC EVENTS, HEART FAILURE, and HEPATOTOXICITY

See full prescribing information for complete boxed warning.

  • Arterial occlusive events (AOEs), including fatalities, have occurred in ICLUSIG-treated patients. AOEs included fatal myocardial infarction, stroke, stenosis of large arterial vessels of the brain, severe peripheral vascular disease, and the need for urgent revascularization procedures. Patients with and without cardiovascular risk factors, including patients age 50 years or younger, experienced these events. Monitor for evidence of AOEs. Interrupt or discontinue ICLUSIG based on severity. Consider benefit-risk to guide a decision to restart ICLUSIG.
  • Venous thromboembolic events (VTEs) have occurred in ICLUSIG-treated patients. Monitor for evidence of VTEs. Interrupt or discontinue ICLUSIG based on severity.
  • Heart failure, including fatalities, occurred in ICLUSIG-treated patients. Monitor for heart failure and manage patients as clinically indicated. Interrupt or discontinue ICLUSIG for new or worsening heart failure.
  • Hepatotoxicity, liver failure and death have occurred in ICLUSIG-treated patients. Monitor liver function tests. Interrupt or discontinue ICLUSIG based on severity.

 

WARNINGS AND PRECAUTIONS

Arterial Occlusive Events (AOEs): AOEs, including fatalities, have occurred in patients who received ICLUSIG in OPTIC and PACE. These included cardiovascular, cerebrovascular, and peripheral vascular events. The incidence of AOEs in OPTIC (45 mg –>15 mg) was 13% of 94 patients; 5% experienced Grade 3 or 4. In PACE, the incidence of AOEs was 26% of 449 patients; 14% experienced Grade 3 or 4. Fatal AOEs occurred in 2.1% of patients in OPTIC, and in 2% of patients in PACE. Some patients in PACE experienced recurrent or multisite vascular occlusion. Patients with and without cardiovascular risk factors, including patients age 50 years or younger, experienced these events. The most common risk factors observed with these events in PACE were history of hypertension, hypercholesterolemia, and non-ischemic cardiac disease. In OPTIC and PACE, AOEs were more frequent with increasing age.

In OPTIC, patients with uncontrolled hypertension or diabetes and patients with clinically significant, uncontrolled, or active cardiovascular disease were excluded. In PACE, patients with uncontrolled hypertriglyceridemia and patients with clinically significant or active cardiovascular disease within the 3 months prior to the first dose of ICLUSIG were excluded. Consider whether the benefits of ICLUSIG are expected to exceed the risks.

Monitor for evidence of AOEs. Interrupt, then resume at the same or decreased dose or discontinue ICLUSIG based on recurrence/severity. Consider benefit-risk to guide a decision to restart ICLUSIG.

Venous Thromboembolic Events (VTEs): Serious or severe VTEs have occurred in patients who received ICLUSIG. In PACE, VTEs occurred in 6% of 449 patients includingserious or severe (Grade 3 or 4)VTEs in 5.8% of patients. VTEs included deep venous thrombosis, pulmonary embolism, superficial thrombophlebitis, retinal vein occlusion, and retinal vein thrombosis with vision loss. The incidence was higher in patients with Ph+ ALL (9% of 32 patients) and BP-CML (10% of 62 patients). One of 94 patients in OPTIC experienced a VTE (Grade 1 retinal vein occlusion). Monitor for evidence of VTEs. Interrupt, then resume at the same or decreased dose or discontinue ICLUSIG based on recurrence/severity.

Heart Failure: Fatal, serious or severe heart failure events have occurred in patients who received ICLUSIG. In PACE, heart failure occurred in 9% of 449 patients; 7% experienced serious or severe (Grade 3 or higher). Heart failure occurred in 12% of 94 patients in OPTIC; 1.1% experienced serious or severe (Grade 3 or 4). In PACE, the most frequently reported heart failure events (≥2%) were congestive cardiac failure (3.1%), decreased ejection fraction (2.9%), and cardiac failure (2%). In OPTIC, the most frequently reported heart failure events (>1 patient each) were left ventricular hypertrophy (2.1%) and BNP increased (2.1%). Monitor patients for signs or symptoms consistent with heart failure and manage heart failure as clinically indicated. Interrupt, then resume at reduced dose or discontinue ICLUSIG for new or worsening heart failure.

Hepatotoxicity: ICLUSIG can cause hepatotoxicity, including liver failure and death. Fulminant hepatic failure leading to death occurred in 3 patients, with hepatic failure occurring within 1 week of starting ICLUSIG in one of these patients. These fatal cases occurred in patients with BP-CML or Ph+ ALL. Hepatotoxicity occurred in 25% of 94 patients in OPTIC and 32% of 449 patients in PACE. Grade 3 or 4 hepatotoxicity occurred in OPTIC (6% of 94 patients) and PACE (13% of 449 patients). The most frequent hepatotoxic events were elevations of ALT, AST, GGT, bilirubin, and alkaline phosphatase. Monitor liver function tests at baseline, then at least monthly or as clinically indicated. Interrupt, then resume at a reduced dose or discontinue ICLUSIG based on recurrence/severity.

Hypertension: Serious or severehypertension, including hypertensive crisis, has occurred in patients who received ICLUSIG. Patients may require urgent clinical intervention for hypertension associated with confusion, headache, chest pain, or shortness of breath. Monitor blood pressure at baseline and as clinically indicated and manage hypertension as clinically indicated. Interrupt, dose reduce, or stop ICLUSIG if hypertension is not medically controlled. For significant worsening, labile or treatment-resistant hypertension, interrupt ICLUSIG and consider evaluating for renal artery stenosis.

Pancreatitis: Serious or severe pancreatitis has occurred in patients who received ICLUSIG.Elevations of lipase and amylase also occurred. In the majority of cases that led to dose modification or treatment discontinuation, pancreatitis resolved within 2 weeks. Monitor serum lipase every 2 weeks for the first 2 months and then monthly thereafter or as clinically indicated. Consider additional serum lipase monitoring in patients with a history of pancreatitis or alcohol abuse. Interrupt, then resume at the same or reduced dose or discontinue ICLUSIG based on severity. Evaluate for pancreatitis when lipase elevation is accompanied by abdominal symptoms.

Increased Toxicity in Newly Diagnosed Chronic Phase CML: In a prospective randomized clinical trial in the first line treatment of newly diagnosed patients with CP-CML, single agent ICLUSIG 45 mg once daily increased the risk of serious adverse reactions 2-fold compared to single agent imatinib 400 mg once daily. The median exposure to treatment was less than 6 months. The trial was halted for safety. Arterial and venous thrombosis and occlusions occurred at least twice as frequently in the ICLUSIG arm compared to the imatinib arm. Compared to imatinib-treated patients, ICLUSIG-treated patients exhibited a greater incidence of myelosuppression, pancreatitis, hepatotoxicity, cardiac failure, hypertension, and skin and subcutaneous tissue disorders. ICLUSIG is not indicated and is not recommended for the treatment of patients with newly diagnosed CP-CML.

Neuropathy: Peripheral and cranial neuropathy occurred in patients in OPTIC and PACE. Some of these events in PACE were Grade 3 or 4. Monitor patients for symptoms of neuropathy, such as hypoesthesia, hyperesthesia, paresthesia, discomfort, a burning sensation, neuropathic pain or weakness. Interrupt, then resume at the same or reduced dose or discontinue ICLUSIG based on recurrence/severity.

Ocular Toxicity: Serious or severe ocular toxicity leading to blindness or blurred vision have occurred in ICLUSIG-treated patients. The most frequent ocular toxicities occurring in OPTIC and PACE were dry eye, blurred vision, and eye pain. Retinal toxicities included age-related macular degeneration, macular edema, retinal vein occlusion, retinal hemorrhage, and vitreous floaters. Conduct comprehensive eye exams at baseline and periodically during treatment.

Hemorrhage: Fatal and serious hemorrhage events have occurred in patients who received ICLUSIG.Fatal hemorrhages occurred in PACE and serious hemorrhages occurred in OPTIC and PACE. The incidence of serious bleeding events was higher in patients with AP-CML, BP-CML, and Ph+ ALL. Gastrointestinal hemorrhage and subdural hematoma were the most frequently reported serious hemorrhages. Events often occurred in patients with Grade 4 thrombocytopenia. Monitor for hemorrhage and manage patients as clinically indicated. Interrupt, then resume at the same or reduced dose or discontinue ICLUSIG based on recurrence/severity.

Fluid Retention: Fatal and serious fluid retention events have occurred in patients who received ICLUSIG. In PACE, one instance of brain edema was fatal and serious events included pleural effusion, pericardial effusion, and angioedema. Monitor for fluid retention and manage patients as clinically indicated. Interrupt, then resume at the same or reduced dose or discontinue ICLUSIG based on recurrence/severity.

Cardiac Arrhythmias: Cardiac arrhythmias, including ventricular and atrial arrhythmias, occurred in patients in OPTIC and PACE. For some patients, events were serious or severe (Grade 3 or 4) and led to hospitalization. Monitor for signs and symptoms suggestive of slow heart rate (fainting, dizziness) or rapid heart rate (chest pain, palpitations or dizziness) and manage patients as clinically indicated. Interrupt, then resume at the same or reduced dose or discontinue ICLUSIG based on recurrence/severity.

Myelosuppression: Grade 3 or 4 events of neutropenia, thrombocytopenia, and anemia occurred in patients in OPTIC and PACE. The incidence of myelosuppression was greater in patients with AP-CML, BP-CML, and Ph+ ALL than in patients with CP-CML. Obtain complete blood counts every 2 weeks for the first 3 months and then monthly or as clinically indicated. If ANC less than 1 x 109/L or platelets less than 50 x 109/L, interrupt ICLUSIG until ANC at least 1.5 x 109/L and platelets at least 75 x 109/L, then resume at same or reduced dose.

Tumor Lysis Syndrome (TLS): Serious TLS was reported in ICLUSIG-treated patients in OPTIC and PACE. Ensure adequate hydration and treat high uric acid levels prior to initiating ICLUSIG.

Reversible Posterior Leukoencephalopathy Syndrome (RPLS): RPLS (also known as Posterior Reversible Encephalopathy Syndrome) has been reported in patients who received ICLUSIG. Along with neurological signs and symptoms, hypertension may be present. Diagnosis is made with supportive findings on magnetic resonance imaging (MRI) of the brain. Interrupt ICLUSIG until resolution. The safety of resumption of ICLUSIG in patients upon resolution of RPLS is unknown.

Impaired Wound Healing and Gastrointestinal Perforation: Impaired wound healing occurred in patients receiving ICLUSIG. Withhold ICLUSIG for at least 1 week prior to elective surgery. Do not administer for at least 2 weeks following major surgery and until adequate wound healing. The safety of resumption of ICLUSIG after resolution of wound healing complications has not been established. Gastrointestinal perforation or fistula occurred in patients receiving ICLUSIG. Permanently discontinue in patients with gastrointestinal perforation.

Embryo-Fetal Toxicity: Based on its mechanism of action and findings from animal studies, ICLUSIG can cause fetal harm when administered to a pregnant woman. In animal reproduction studies, adverse developmental effects occurred at exposures lower than human exposures at the recommended human dose. Advise pregnant women of the potential risk to the fetus. Advise females of reproductive potential to use effective contraception during treatment with ICLUSIG and for 3 weeks after the last dose.

ADVERSE REACTIONS

The most common (>20%) adverse reactions are rash and related conditions, arthralgia, abdominal pain, headache, constipation, dry skin, hypertension, fatigue, fluid retention and edema, pyrexia, nausea, pancreatitis/lipase elevation, hemorrhage, anemia, hepatic dysfunction and AOEs. The most common Grade 3 or 4 laboratory abnormalities (>20%) are platelet count decreased, neutrophil cell count decreased, and white blood cell decreased.

To report SUSPECTED ADVERSE REACTIONS, contact Takeda Pharmaceutical Co. Ltd. at 1-844-817-6468 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

DRUG INTERACTIONS

Strong CYP3A Inhibitors: Avoid coadministration or reduce ICLUSIG dose if coadministration cannot be avoided.

Strong CYP3A Inducers: Avoid coadministration.

USE IN SPECIFIC POPULATIONS

Females and Males of Reproductive Potential: Verify pregnancy status of females of reproductive potential prior to initiating ICLUSIG.

Ponatinib may impair fertility in females, and it is not known if these effects are reversible.

Lactation: Advise women not to breastfeed during treatment with ICLUSIG and for 6 days following last dose.

For more information about ICLUSIG, visit www.ICLUSIG.com. For the Prescribing Information including the Boxed Warning for arterial occlusion, venous thromboembolism, heart failure, and hepatoxicity, please visit https://www.iclusig.com/pdf/ICLUSIG-Prescribing-Information.pdf. For more information about ongoing research, please visit www.clinicaltrials.gov.

Takeda’s Commitment to Oncology

Our core R&D mission is to deliver novel medicines to patients with cancer worldwide through our commitment to science, breakthrough innovation and passion for improving the lives of patients. Whether it’s with our hematology therapies, our robust pipeline, or solid tumor medicines, we aim to stay both innovative and competitive to bring patients the treatments they need. For more information, visit www.takedaoncology.com.

About Takeda Pharmaceutical Company Limited

Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetic and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries. For more information, visit https://www.takeda.com.

Important Notice

For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Forward-Looking Statements

This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could” “anticipates”, “estimates”, “projects” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations; the success of or failure of product development programs; decisions of regulatory authorities and the timing thereof; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda’s operations and the timing of any such divestment(s); and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/reports/sec-filings/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

Japanese Media

Kazumi Kobayashi

[email protected]

+81 (0) 3-3278-2095

Media outside Japan

Emy Gruppo

[email protected]

+1 617-444-2252

KEYWORDS: United States Japan North America Asia Pacific Massachusetts

INDUSTRY KEYWORDS: Biotechnology FDA Health Pharmaceutical Clinical Trials

MEDIA:

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Transat Announces Receipt of Final Court Approval for the Transaction with Air Canada

Canada NewsWire

MONTREAL, Dec. 18, 2020 /CNW Telbec/ – Transat A.T. Inc. (“Transat”) today announced that the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement with Air Canada (the “Arrangement”). The Arrangement was also approved by 91.05% of the votes cast by shareholders present in person or by proxy at the special meeting of Transat held on December 15, 2020.

The Arrangement remains subject to the applicable regulatory approvals such as the approvals under the Canada Transportation Act and the European Union Council Regulation (EC) No. 139/2004, as well as certain customary and other closing conditions.

Further information regarding the Arrangement is provided in the management proxy circular dated November 12, 2020.

Letters of Transmittal and Election Forms
Registered shareholders of Transat wishing to receive the share consideration must return the Letter of Transmittal and Election Form, attached to Transat’s management proxy circular dated November 12, 2020, to AST Trust Company (Canada), acting as the depositary, by 5:00 p.m. (Montréal time) on or before the date that is two business days prior to the date of completion of the Arrangement (the “Election Deadline”). Non-registered shareholders of Transat should carefully follow the instructions of the intermediary holding their Class A variable voting shares or Class B voting shares of Transat (together, the “Shares”) on their behalf. Transat will include notice of the Election Deadline in a press release disseminated over newswire service in Canada at the latest on the business day immediately before the Election Deadline

Investors who purchase Shares of Transat shortly before the completion of the transaction are advised that they may not have sufficient time in order to submit a duly completed Letter of Transmittal and Election Form by the Election Deadline in respect of such Shares and should consult with their broker, trust company or other intermediary and seek advice from their professional advisers in advance of any such trade

If you have any questions or require further information about the procedures to complete your Letter of Transmittal and Election Form, please contact AST Trust Company (Canada), Transat’s transfer agent and depositary, at 1-800-387-0825 (toll free within North America) or 1-416-682-3860 (outside of North America) or by email at [email protected].

Caution Regarding Forward-looking Statements
This press release contains certain forward-looking statements about Transat concerning a potential transaction involving the acquisition of shares of Transat, including in respect of regulatory approvals to be obtained in connection thereof. These statements are based on certain assumptions deemed reasonable by Transat, but are subject to certain risks and uncertainties, several of which are outside the control of Transat, which may cause results to vary materially. Transat disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by securities laws.

About Transat
Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel. It offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe. Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 13 years, and was awarded Travelife certification in 2018. Based in Montreal, the company has 5,000 employees (TSX: TRZ).


www.transat.com

SOURCE Transat A.T. Inc.

State Street Corporation Announces Federal Reserve Authorization to Resume Share Repurchases in First Quarter of 2021

State Street Corporation Announces Federal Reserve Authorization to Resume Share Repurchases in First Quarter of 2021

BOSTON–(BUSINESS WIRE)–
State Street Corporation (NYSE: STT) today commented on the results of its 2020 resubmission stress test, included in the Federal Reserve’s supervisory stress test results for covered institutions announced earlier today. State Street also announced its authorization by the Federal Reserve to resume specified capital actions during the first quarter of 2021.

“We are pleased with our strong performance under this year’s second round of Federal Reserve stress tests, which is another testament to our business model’s resiliency and capital stability. Throughout 2020, amidst the pandemic, our robust balance sheet and capital position has enabled us to operate effectively, help stabilize the financial markets, and actively support our clients. We now look forward to returning excess capital to our shareholders in the new year.” said Chairman and Chief Executive Officer Ron O’Hanley.

State Street has been authorized to continue to pay common stock dividends at current levels and to resume repurchasing common shares in the first quarter of 2021 in an aggregate amount up to the average of State Street’s quarterly net income during 2020. In addition, State Street may redeem or make scheduled payments on other capital instruments. Any dividend, share repurchases or actions with respect to capital instruments are subject to review and approval by the Board of Directors of State Street.

The results of the Federal Reserve’s supervisory test results, based on its own methodology, can be found at: https://www.federalreserve.gov.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

* Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Forward Looking Statements

This News Release (contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our plans for capital actions including the resumption of share repurchases, the payment of dividends and the redemption or making of scheduled payments on other capital instruments), business, financial and capital condition, results of operations, strategies, the financial and market outlook, governmental and regulatory initiatives and developments, and the business environment. Forward-looking statements are often, but not always, identified by such forward-looking terminology as “will,” “outlook,” “guidance,” “expect,” “priority,” “objective,” “intend,” “plan,” “forecast,” “believe,” “anticipate,” “estimate,” “seek,” “may,” “trend,” “target,” “strategy” and “goal,” or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements, and those statements should not be relied upon as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued.

Important factors that may affect future results and outcomes include, but are not limited to:

  • the taking of various capital actions, including the resumption of share repurchases by State Street and the payment of dividends, is subject to approval by our Board of Directors, as well as market conditions, our capital position, our financial performance, the amount of common stock issued as part of employee compensation programs, investment opportunities and the potential for regulatory limitations on capital actions, including share repurchases and dividends;
  • the financial strength of the counterparties with which we or our clients do business and to which we have investment, credit or financial exposures or to which our clients have such exposures as a result of our acting as agent, including as an asset manager or securities lending agent;
  • the significant risks and uncertainties for our business, results of operations and financial condition, as well as our regulatory capital and liquidity ratios and other regulatory requirements, caused by the COVID-19 pandemic, which will depend on several factors, including the scope and duration of the pandemic, its influence on the economy and financial markets, the effectiveness of our work from home arrangements and staffing levels in operational facilities, challenges associated with our return to office plans such as maintaining a safe office environment and integrating at-home and in-office staff, the impact of market participants on which we rely and actions taken by governmental authorities and other third parties in response to the pandemic and the impact of lower equity market valuations on our service and management fee revenue;
  • increases in the volatility of, or declines in the level of, our NII; changes in the composition or valuation of the assets recorded in our consolidated statement of condition (and our ability to measure the fair value of investment securities); and changes in the manner in which we fund those assets;
  • the volatility of servicing fee, management fee, trading fee and securities finance revenues due to, among other factors, the value of equity and fixed-income markets, market interest and FX rates, the volume of client transaction activity, competitive pressures in the investment servicing and asset management industries, and the timing of revenue recognition with respect to software and processing fees revenues;
  • the liquidity of the U.S. and international securities markets, particularly the markets for fixed-income securities and inter-bank credits; the liquidity of the assets on our balance sheet and changes or volatility in the sources of such funding, particularly the deposits of our clients; and demands upon our liquidity, including the liquidity demands and requirements of our clients;
  • the level, volatility and uncertainty of interest rates; the expected discontinuation of Interbank Offered Rates including London Interbank Offered Rate (LIBOR); the valuation of the U.S. dollar relative to other currencies in which we record revenue or accrue expenses; the performance and volatility of securities, credit, currency and other markets in the U.S. and internationally; and the impact of monetary and fiscal policy in the U.S. and internationally on prevailing rates of interest and currency exchange rates in the markets in which we provide services to our clients;
  • the credit quality, credit-agency ratings and fair values of the securities in our investment securities portfolio, a deterioration or downgrade of which could lead to impairment of such securities and the recognition of a provision for credit losses in our consolidated statement of income;
  • our ability to attract and retain deposits and other low-cost, short-term funding; our ability to manage the level and pricing of such deposits and the relative portion of our deposits that are determined to be operational under regulatory guidelines; our ability to deploy deposits in a profitable manner consistent with our liquidity needs, regulatory requirements and risk profile; and the risks associated with the potential liquidity mismatch between short-term deposit funding and longer term investments;
  • the manner and timing with which the Federal Reserve and other U.S. and non-U.S. regulators implement or reevaluate the regulatory framework applicable to our operations (as well as changes to that framework), including implementation or modification of the Dodd-Frank Act and related stress testing and resolution planning requirements and implementation of international standards applicable to financial institutions, such as those proposed by the Basel Committee and European legislation (such as Undertakings for Collective Investments in Transferable Securities (UCITS) V, the Money Market Fund Regulation and the Markets in Financial Instruments Directive II/Markets in Financial Instruments Regulation); among other consequences, these regulatory changes impact the levels of regulatory capital, long-term debt and liquidity we must maintain, acceptable levels of credit exposure to third parties, margin requirements applicable to derivatives, restrictions on banking and financial activities and the manner in which we structure and implement our global operations and servicing relationships. In addition, our regulatory posture and related expenses have been and will continue to be affected by heightened standards and changes in regulatory expectations for global systemically important financial institutions applicable to, among other things, risk management, liquidity and capital planning, cyber-security, resiliency, resolution planning and compliance programs, as well as changes in governmental enforcement approaches to perceived failures to comply with regulatory or legal obligations;
  • adverse changes in the regulatory ratios that we are, or will be, required to meet, whether arising under the Dodd-Frank Act or implementation of international standards applicable to financial institutions, such as those proposed by the Basel Committee, or due to changes in regulatory positions, practices or regulations in jurisdictions in which we engage in banking activities, including changes in internal or external data, formulae, models, assumptions or other advanced systems used in the calculation of our capital or liquidity ratios that cause changes in those ratios as they are measured from period to period;
  • requirements to obtain the prior approval or non-objection of the Federal Reserve or other U.S. and non-U.S. regulators for the use, allocation or distribution of our capital or other specific capital actions or corporate activities, including, without limitation, acquisitions, investments in subsidiaries, dividends and stock repurchases, without which our growth plans, distributions to shareholders, share repurchase programs or other capital or corporate initiatives may be restricted;
  • geopolitical risks applicable to our operations and activities in jurisdictions globally, including emerging markets and economies, that have the potential to disrupt or impose costs, delays or damages upon our, our clients’, our counterparties’ and suppliers’ and our infrastructure providers’ respective operations, activities and strategic planning and to compromise financial markets and stability;
  • changes in law or regulation, or the enforcement of law or regulation, that may adversely affect our business activities or those of our clients or our counterparties, and the products or services that we sell, including, without limitation, additional or increased taxes or assessments thereon, capital adequacy requirements, margin requirements and changes that expose us to risks related to our operating model and the adequacy and resiliency of our controls or compliance programs;
  • cyber-security incidents, or failures to protect our systems and our, our clients’ and others’ information against cyber-attacks, that could result in the theft, loss, unauthorized access to, disclosure, use or alteration of information, system failures, or loss of access to information; any such incident or failure could adversely impact our ability to conduct our businesses, damage our reputation and cause losses, potentially materially;
  • our ability to expand our use of technology to enhance the efficiency, accuracy and reliability of our operations and our dependencies on information technology; to replace and consolidate systems, particularly those relying upon older technology, and to adequately incorporate cyber-security, resiliency and business continuity into our operations, information technology infrastructure and systems management; to implement robust management processes into our technology development and maintenance programs; and to control risks related to use of technology, including cyber-crime and inadvertent data disclosures;
  • our ability to identify and address threats to our information technology infrastructure and systems (including those of our third-party service providers); the effectiveness of our and our third party service providers’ efforts to manage the resiliency of the systems on which we rely; controls regarding the access to, and integrity of, our and our clients’ data; and complexities and costs of protecting the security of such systems and data;
  • our ability to control operational and resiliency risks, data security breach risks and outsourcing risks; our ability to protect our intellectual property rights; the possibility of errors in the quantitative models we use to manage our business; and the possibility that our controls will prove insufficient, fail or be circumvented;
  • economic or financial market disruptions in the U.S. or internationally, including those which may result from recessions or political instability; for example, the United Kingdom’s (U.K.) exit from the European Union or actual or potential changes in trade policy, such as tariffs or bilateral and multilateral trade agreements;
  • our ability to create cost efficiencies through changes in our operational processes and to further digitize our processes and interfaces with our clients, any failure of which, in whole or in part, may among other things, reduce our competitive position, diminish the cost-effectiveness of our systems and processes or provide an insufficient return on our associated investment;
  • our ability to promote a strong culture of risk management, operating controls, compliance oversight, ethical behavior and governance that meets our expectations and those of our clients and our regulators, and the financial, regulatory, reputational and other consequences of our failure to meet such expectations;
  • the impact on our compliance and controls enhancement programs associated with the appointment of a monitor under the deferred prosecution agreement with the DOJ and compliance consultant appointed under a settlement with the SEC, including the potential for such monitor and compliance consultant to require changes to our programs or to identify other issues that require substantial expenditures, changes in our operations, payments to clients or reporting to U.S. authorities;
  • the results of our review of our billing practices, including additional findings or amounts we may be required to reimburse clients, as well as potential consequences of such review, including damage to our client relationships or our reputation, adverse actions or penalties imposed by governmental authorities and costs associated with remediation of identified deficiencies;
  • the results of, and costs associated with, governmental or regulatory inquiries and investigations, litigation and similar claims, disputes, or civil or criminal proceedings;
  • changes or potential changes in the amount of compensation we receive from clients for our services, and the mix of services provided by us that clients choose;
  • the large institutional clients on which we focus are often able to exert considerable market influence and have diverse investment activities, and this, combined with strong competitive market forces, subjects us to significant pressure to reduce the fees we charge, to potentially significant changes in our AUC/A or our AUM in the event of the acquisition or loss of a client, in whole or in part, and to potentially significant changes in our revenue in the event a client re-balances or changes its investment approach, re-directs assets to lower- or higher-fee asset classes or changes the mix of products or services that it receives from us;
  • the potential for losses arising from our investments in sponsored investment funds;
  • the possibility that our clients will incur substantial losses in investment pools for which we act as agent; the possibility of significant reductions in the liquidity or valuation of assets underlying those pools and the potential that clients will seek to hold us liable for such losses; and the possibility that our clients or regulators will assert claims that our fees, with respect to such investment products, are not appropriate;
  • our ability to anticipate and manage the level and timing of redemptions and withdrawals from our collateral pools and other collective investment products; the credit agency ratings of our debt and depositary obligations and investor and client perceptions of our financial strength; adverse publicity, whether specific to us or regarding other industry participants or industry-wide factors, or other reputational harm; changes or potential changes to the competitive environment, due to, among other things, regulatory and technological changes, the effects of industry consolidation and perceptions of us, as a suitable service provider or counterparty; our ability to complete acquisitions, joint ventures and divestitures, including, without limitation, our ability to obtain regulatory approvals, the ability to arrange financing as required and the ability to satisfy closing conditions;
  • the risks that our acquired businesses, including, without limitation, CRD, and joint ventures will not achieve their anticipated financial, operational and product innovation benefits or will not be integrated successfully, or that the integration will take longer than anticipated; that expected synergies will not be achieved or unexpected negative synergies or liabilities will be experienced; that client and deposit retention goals will not be met; that other regulatory or operational challenges will be experienced; and that disruptions from the transaction will harm our relationships with our clients, our employees or regulators;
  • our ability to integrate CRD’s front office software solutions with our middle and back office capabilities to develop our front-to-middle-to-back office State Street Alpha that is competitive, generates revenues in line with our expectations and meets our clients’ requirements; the dependency of State Street Alpha on enhancements to our data management and the risks to our servicing model associated with increased exposure to client data;
  • our ability to recognize evolving needs of our clients and to develop products that are responsive to such trends and profitable to us; the performance of and demand for the products and services we offer; and the potential for new products and services to impose additional costs on us and expose us to increased operational risk;
  • our ability to grow revenue, manage expenses, attract and retain highly skilled people and raise the capital necessary to achieve our business goals and comply with regulatory requirements and expectations;
  • changes in accounting standards and practices;
  • and the impact of the U.S. tax legislation enacted in 2017, and changes in tax legislation and in the interpretation of existing tax laws by U.S. and non-U.S. tax authorities that affect the amount of taxes due.

Other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2019 Annual Report on Form 10-K and our subsequent SEC filings. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this News Release should not by relied on as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.

Ilene Fiszel Bieler

+1 617-664-3477

Carolyn Cichon

+1 617-664-8672

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Sumitovant Biopharma Announces Myovant Sciences receives FDA Approval of ORGOVYXTM (relugolix), the First and Only Oral Gonadotropin-Releasing Hormone (GnRH) Receptor Antagonist for Advanced Prostate Cancer

•ORGOVYX is the first approved therapy in the Sumitovant Biopharma family of companies

NEW YORK, LONDON, BASEL, Switzerland, Dec. 18, 2020 (GLOBE NEWSWIRE) — Sumitovant Biopharma Ltd., a majority shareholder of Myovant Sciences (NYSE: MYOV), announced today that Myovant Sciences, a healthcare company focused on redefining care for women and for men, and one of five healthcare companies in the Sumitovant family of companies received U.S. Food and Drug Administration (FDA) approval of ORGOVYXTM (relugolix) for the treatment of adult patients with advanced prostate cancer. ORGOVYX, which was granted Priority Review by the FDA, is the first and only oral gonadotropin-releasing hormone (GnRH) receptor antagonist for men with advanced prostate cancer. The approval is based on efficacy and safety data from the Phase 3 HERO study of ORGOVYX in men with advanced prostate cancer. ORGOVYX is expected to be available in January 2021.

 

“ORGOVYX’S approval after receiving Priority Review by the FDA is a significant milestone and the first approval for the Sumitovant family of companies that are focused on bringing treatment options more rapidly to patients in the U.S. and other countries,” said Myrtle Potter, CEO of Sumitovant Biopharma.

 

“I am enormously pleased by the approval of ORGOVYX and believe it has the potential to usher in a new standard of care for men with prostate cancer requiring androgen deprivation therapy,” said Neal Shore, M.D., medical director of the Carolina Urologic Research Center and HERO program steering committee member. “For the first time, we now have a once-daily oral treatment that effectively and rapidly suppresses testosterone, with a safety analysis showing a lower incidence of major adverse cardiovascular events compared to leuprolide injections, the current standard of care, as evaluated in the Phase 3 HERO study and published in the June 2020 New England Journal of Medicine. The COVID-19 pandemic has heightened the importance of oral treatments as men with prostate cancer continue to experience difficulties and risks traveling to receive injections.”

 

“Prostate cancer is a very personal journey, but a universal truth is that those of us living with this disease want better treatments and options. That is why the approval of ORGOVYX is such an exciting milestone that brings a long-awaited oral treatment option to men with advanced prostate cancer,” said Thomas Farrington, president and founder of the Prostate Health Education Network. “It is so important for men to speak with their doctor and explore what treatment is right for them as they focus on their overall health.”

 

“With the approval of ORGOVYX, men with advanced prostate cancer now have a new oral treatment option that has demonstrated robust efficacy and safety, all with one pill taken once-a-day,” said Lynn Seely, M.D., chief executive officer of Myovant Sciences, Inc. “We have successfully built our commercial capabilities to bring this newly approved treatment to the urologists and oncologists who care for men with advanced prostate cancer, with the goal of establishing ORGOVYX as the new standard of care. We are incredibly grateful to the men and investigators who participated in the HERO study and to the FDA for expediting the review and approval of ORGOVYX through its Priority Review pathway.”

 

In the Phase 3 HERO study, ORGOVYX met the primary endpoint and achieved sustained testosterone suppression to castrate levels (< 50 ng/dL) through 48 weeks in 96.7% (95% confidence interval [CI]: 94.9-97.9) of men, compared with 88.8% (95% CI: 84.6-91.8) of men receiving leuprolide acetate injections, the current standard of care. ORGOVYX also achieved several key secondary endpoints compared to leuprolide acetate, including suppression of testosterone to castrate levels at Day 4 and Day 15 (56% versus 0% and 99% versus 12%, respectively) and profound suppression of testosterone (< 20 ng/dL) at Day 15 (78% versus 1%). ORGOVYX lowered prostate-specific antigen (PSA), on average, by 65% at Day 15 and by 83% at Day 29. In a substudy, 55% of men treated with ORGOVYX achieved normal testosterone levels (> 280 ng/dL) or returned to baseline within 90 days of treatment discontinuation. The most frequent adverse events reported in at least 10% of men in the ORGOVYX group were hot flush, musculoskeletal pain, fatigue, constipation, and mild to moderate diarrhea. The HERO data were previously presented in an oral presentation at the 2020 American Society of Clinical Oncology (ASCO) Virtual Scientific Program, with simultaneous publication in the New England Journal of Medicine.

 

About Prostate Cancer
Prostate cancer is the second most prevalent form of cancer in men and the second leading cause of death due to cancer in men in the U.S. Cardiovascular mortality is the leading cause of death in men with prostate cancer and accounts for 34% of deaths in men with prostate cancer in the U.S. More than three million men diagnosed with prostate cancer are alive in the U.S., and approximately 190,000 men are estimated to be newly diagnosed in 2020.

Prostate cancer is considered advanced when it has spread or come back after initial treatment and may include biochemical recurrence (rising prostate-specific antigen in the absence of metastatic disease on imaging), locally advanced disease, or metastatic disease. Front-line medical therapy for advanced prostate cancer typically involves androgen deprivation therapy, which reduces testosterone to very low levels, commonly referred to as castrate levels (< 50 ng/dL). Luteinizing hormone-releasing hormone (LHRH) receptor agonists, such as leuprolide acetate, are depot injections and the current standard of care for androgen deprivation therapy. However, LHRH receptor agonists may be associated with mechanism-of-action limitations, including the potentially detrimental initial surge in testosterone levels that can exacerbate clinical symptoms, which is known as clinical or hormonal flare, and delayed testosterone recovery after the drug is discontinued. Approximately 300,000 men are treated with androgen deprivation therapy each year.

About ORGOVYXTM (relugolix)

ORGOVYX (relugolix) is the first and only oral gonadotropin-releasing hormone (GnRH) receptor antagonist approved by the FDA for the treatment of adult patients with advanced prostate cancer. As a GnRH antagonist, ORGOVYX blocks the GnRH receptor and reduces production of testicular testosterone, a hormone known to stimulate the growth of prostate cancer.

 

For full prescribing information, including patient information, please click here.

 

Indication

 

ORGOVYX is approved for the treatment of adult patients with advanced prostate cancer.

 

Select Important Safety Information

 

Androgen deprivation therapy, such as ORGOVYX, may prolong the QT/QTc interval. Providers should consider whether the benefits of androgen deprivation therapy outweigh the potential risks in patients with congenital long QT syndrome, congestive heart failure, or frequent electrolyte abnormalities and in patients taking drugs known to prolong the QT interval. Electrolyte abnormalities should be corrected. Consider periodic monitoring of electrocardiograms and electrolytes.

 

The safety and efficacy of ORGOVYX have not been established in females. Based on findings in animals and mechanism of action, ORGOVYX can cause fetal harm and loss of pregnancy when administered to a pregnant female. Advise males with female partners of reproductive potential to use effective contraception during treatment and for 2 weeks after the last dose of ORGOVYX.

 

Most common adverse reactions (≥ 10%) in patients receiving ORGOVYX were hot flush (54%), musculoskeletal pain (30%), fatigue (26%), constipation (12%), and diarrhea (12%).

 

Most common laboratory abnormalities (≥ 15%) in patients receiving ORGOVYX were glucose increased (44%), triglycerides increased (35%), hemoglobin decreased (28%), alanine aminotransferase increased (27%), and aspartate aminotransferase increased (18%).

 

Co-administration of ORGOVYX with a P-gp inhibitor increases the area under the curve (AUC) and maximum concentration (Cmax) of ORGOVYX, which may increase the risk of adverse reactions associated with ORGOVYX. Avoid co-administration of ORGOVYX with oral P-gp inhibitors. If co-administration is unavoidable, take ORGOVYX first, separate dosing by at least 6 hours, and monitor patients more frequently for adverse reactions.

 

Co-administration of ORGOVYX with a
combined P-gp and strong CYP3A inducer decreases the AUC and Cmax of ORGOVYX, which may reduce the effects of ORGOVYX. Avoid co-administration of ORGOVYX with combined P-gp and strong CYP3A inducers. If co-administration is unavoidable, increase the ORGOVYX dose to 240 mg once daily.

 

About Myovant Sciences 
Myovant Sciences aspires to redefine care for women and for men through purpose-driven science, empowering medicines, and transformative advocacy. Our lead product candidate, relugolix, is a once-daily, oral GnRH receptor antagonist. Relugolix (120 mg) is FDA-approved as ORGOVYXTM for adult patients with advanced prostate cancer. Relugolix combination tablet (relugolix 40 mg, estradiol 1.0 mg, and norethindrone acetate 0.5 mg) is under regulatory review in Europe and the U.S. for women with uterine fibroids and is under development for women with endometriosis. We are also developing MVT-602, an oligopeptide kisspeptin-1 receptor agonist, which has completed a Phase 2a study for female infertility as part of assisted reproduction. Sumitovant Biopharma, Ltd., a wholly owned subsidiary of Sumitomo Dainippon Pharma Co., Ltd., is our majority shareholder. For more information, please visit our website at www.myovant.com. Follow @Myovant on Twitter and LinkedIn.

 

 

About Sumitovant Biopharma Ltd.

Sumitovant
Biopharma Ltd.
is a global biopharmaceutical company with offices in New York City and London. Sumitovant is the majority shareholder of Myovant and Urovant, and wholly owns Enzyvant, Spirovant, and Altavant. Sumitovant’s promising pipeline is comprised of early-through late-stage investigational medicines across a range of disease areas targeting high unmet need. Sumitovant is a wholly owned subsidiary of Sumitomo Dainippon Pharma. For further information about Sumitovant, please visit
https://www.sumitovant.comFollow Sumitovant on LinkedIn.

 

 

About Sumitomo Dainippon Pharma Co., Ltd.

Sumitomo Dainippon Pharma is among the top-ten listed pharmaceutical companies in Japan, operating globally in major pharmaceutical markets, including Japan, the U.S., China, and the European Union. Sumitomo Dainippon Pharma is based on the merger in 2005 between Dainippon Pharmaceutical Co., Ltd., and Sumitomo Pharmaceuticals Co., Ltd. Today, Sumitomo Dainippon Pharma has more than 6,000 employees worldwide. Additional information about Sumitomo Dainippon Pharma is available through its corporate website at https://www.ds-pharma.com.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but are not limited to, all statements and quotes reflecting Myovant Sciences’ expectations, including Myovant Sciences’ aspiration to redefine care for women and for men; Myovant’s expectations regarding the potential benefits of ORGOVYX; Myovant’s expectation that ORGOVYX will become available in January 2021; Myovant’s expectations regarding the potential commercial launch of ORGOVYX in the United States, including launch timing; Myovant’s goal of establishing ORGOVYX as the new standard of care in advanced prostate cancer; Myovant’s plans to offer a patient assistance program for patients; and the features of such patient assistance program, including insurance verifications, prior authorizations, copay support for commercially-insured patients, free trial for up to 2 months of therapy, and patient assistance for qualifying uninsured patients.

 

Myovant Sciences’ forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties, assumptions and other factors known and unknown that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements, including unforeseen circumstances or other disruptions to normal business operations arising from or related to the COVID-19 pandemic; Myovant’s dependence on the success of ORGOVYX; Myovant’s ability to sustain a commercial field organization and distribution network; the degree of acceptance of ORGOVYX among physicians, patients, healthcare payors, patient advocacy groups, and the general medical community; Myovant’s ability to obtain favorable coverage and reimbursement from third-party payors for ORGOVYX; and Myovant’s reliance on third parties for the manufacture of ORGOVYX. Myovant Sciences cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur and actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could materially affect Myovant Sciences’ operations and future prospects or which could cause actual results to differ materially from expectations include, but are not limited to, the risks and uncertainties listed in Myovant Sciences’ filings with the United States Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in Myovant Sciences’ Quarterly Report on Form 10-Q filed on November 12, 2020, as such risk factors may be amended, supplemented or superseded from time to time. These risks are not exhaustive. New risk factors emerge from time to time and it is not possible for Myovant Sciences’ management to predict all risk factors, nor can Myovant Sciences assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on the forward-looking statements in this press release, which speak only as of the date hereof, and, except as required by law, Myovant Sciences undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of such statements.



Mary Stutts
Sumitovant Biopharma
707-373-0097
[email protected]

Fidelity Investments Canada ULC Announces Estimated December 2020 Cash Distributions for Fidelity ETFs

Canada NewsWire

TORONTO, Dec. 18, 2020 /CNW/ – Fidelity Investments Canada ULC (“Fidelity”) today announced the estimated December 2020 cash distributions for Fidelity’s suite of ETFs (“Fidelity ETFs”). Please note that these are estimated amounts only as of December 18, 2020 and could change if the Fidelity ETFs experience subscriptions or redemptions prior to the ex-dividend date or may change for other unforeseen reasons.

The estimated per-unit cash distributions payable on December 31, 2020 to unitholders of record as of December 29, 2020 are detailed in the table below. Fidelity expects to issue a press release on or about December 24, 2020, which will provide the final per-unit cash distribution amounts.


Fidelity ETF Name


Ticker Symbol


Estimated Cash Distribution per Unit ($)


CUSIP


ISIN


Payment Frequency


Exchange

Fidelity Canadian High Dividend Index ETF

FCCD

0.10857

31608M102

CA31608M1023

Monthly

Toronto Stock Exchange

Fidelity U.S. High Dividend Index ETF

FCUD

0.19305

31645M107

CA31645M1077

Monthly

Toronto Stock Exchange

Fidelity U.S. High Dividend Currency Neutral Index ETF

FCUH

0.21112

315740100

CA3157401009

Monthly

Toronto Stock Exchange

Fidelity U.S. Dividend for Rising Rates Index ETF

FCRR

0.12588

31644M108

CA31644M1086

Monthly

Toronto Stock Exchange

Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF

FCRH

0.15136

31644P101

CA31644P1018

Monthly

Toronto Stock Exchange

Fidelity International High Dividend Index ETF

FCID

0.09744

31623D103

CA31623D1033

Monthly

Toronto Stock Exchange

Fidelity Canadian Low Volatility Index ETF

FCCL

0.21766

31608H103

CA31608H1038

Quarterly

Toronto Stock Exchange

Fidelity U.S. Low Volatility Index ETF

FCUL

0.10902

31647B109

CA31647B1094

Quarterly

Toronto Stock Exchange

Fidelity U.S. Low Volatility Currency Neutral Index ETF

FCLH

0.11627

31647N103

CA31647N1033

Quarterly

Toronto Stock Exchange

Fidelity International Low Volatility Index ETF

FCIL

0.69698

31624M102

CA31624M1023

Semi-Annually

Toronto Stock Exchange

Fidelity Canadian High Quality Index ETF

FCCQ

0.10220

31610C100

CA31610C1005

Quarterly

Toronto Stock Exchange

Fidelity U.S. High Quality Index ETF

FCUQ

0.11552

31647C107

CA31647C1077

Quarterly

Toronto Stock Exchange

Fidelity U.S. High Quality Currency Neutral Index ETF

FCQH

0.11901

31648J101

CA31648J1012

Quarterly

Toronto Stock Exchange

Fidelity International High Quality Index ETF

FCIQ

0.12137

31623X109

CA31623X1096

Semi-Annually

Toronto Stock Exchange

Fidelity Sustainable World ETF

FCSW

0.27284

31642F105

CA31642F1053

Annually

NEO Exchange

Fidelity Systematic Canadian Bond Index ETF

FCCB

0.05009

31644F103

CA31644F1036

Monthly

Toronto Stock Exchange

Fidelity Canadian Short Term Corporate Bond ETF

FCSB

0.08633

31608N100

CA31608N1006

Monthly

Toronto Stock Exchange

Fidelity Global Core Plus Bond ETF

FCGB

31623G106

CA31623G1063

Monthly

Toronto Stock Exchange

Fidelity Systematic U.S. High Yield Bond ETF

FCHY

0.12616

31615L105

CA31615L1058

Monthly

Toronto Stock Exchange

Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF

FCHH

0.12997

31615M103

CA31615M1032

Monthly

Toronto Stock Exchange

Fidelity Canadian Monthly High Income ETF

FCMI

0.08717

31609T106

CA31609T1066

Monthly

Toronto Stock Exchange

Fidelity Global Monthly High Income ETF

FCGI

0.09565

31623K107

CA31623K1075

Monthly

Toronto Stock Exchange

Fidelity Canadian Value Index ETF

FCCV

0.29177

 

31609U103

CA31609U1030

Quarterly

Toronto Stock Exchange

Fidelity U.S. Value Index ETF

FCUV

0.22425

 

31647E103

CA31647E1034

Quarterly

Toronto Stock Exchange

Fidelity U.S. Value Currency Neutral Index ETF

FCVH

0.23354

 

31646E104

CA31646E1043

Quarterly

Toronto Stock Exchange

Fidelity International Value Index ETF

FCIV

0.23246

31622Y108

CA31622Y1088

Semi-Annually

Toronto Stock Exchange

Fidelity Canadian Momentum Index ETF

FCCM

0.21114

 

31609W109

CA31609W1095

Annually

Toronto Stock Exchange

Fidelity U.S. Momentum Index ETF

FCMO

0.08324

 

31649P106

CA31649P1062

Annually

Toronto Stock Exchange

Fidelity U.S. Momentum Currency Neutral Index ETF

FCMH

0.08614

 

31649R102

CA31649R1029

Annually

Toronto Stock Exchange

Fidelity International Momentum Index ETF

FCIM

0.15330

31623V103

CA31623V1031

Annually

Toronto Stock Exchange

Fidelity Global Investment Grade Bond ETF

FCIG

0.10251

31624P105

CA31624P1053

Monthly

Toronto Stock Exchange

 

Forward-looking information

This press release contains forward-looking statements with respect to the estimated December 2020 cash distributions for the Fidelity ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to, the actual amounts of distributions received by the Fidelity ETFs, portfolio transactions, currency hedging transactions, and subscription and redemption activity.

About Fidelity Investments Canada ULC

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.

As a privately-owned company, our people and world class resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $168 billion in assets under management (as at December 15, 2020) and they include individuals, financial advisors, pension plans, endowments, foundations and more.

We are proud to provide investors a full range of investment solutions through mutual funds and exchange-traded funds, including domestic, international and global equity, income-oriented strategies, asset allocation solutions, managed portfolios, sustainable investing and our high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Read a fund’s prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors and may experience a gain or loss.

Find us on social media @FidelityCanada

SOURCE Fidelity Investments Canada ULC