HII Completes Acceptance Trials for Destroyer Ted Stevens (DDG 128)

PASCAGOULA, Miss., Nov. 21, 2025 (GLOBE NEWSWIRE) — HII’s (NYSE: HII) Ingalls Shipbuilding division successfully completed the final round of sea trials for Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128). The Ingalls Test and Trials team spent several days in port and at sea conducting a comprehensive series of acceptance test and evaluations, overseen by the Navy’s Board of Inspection and Survey (INSURV). These trials confirmed that the ship successfully demonstrated required mission capabilities, preparing it for delivery to the U.S. Navy in the coming weeks.

“Our goal is to deliver the most advanced and capable warships to the fleet as quickly as possible, addressing the increasing national security needs of the United States and our allies. The work of the entire DDG 128 team exemplifies our relentless pursuit to achieve this very mission,” Ingalls Shipbuilding President Brian Blanchette said. “Our shipbuilders take great pride in reaching this milestone, which stands as a testament to the teamwork and skill that define our destroyer program at Ingalls.”

DDG 128, the second Flight III Arleigh Burke-class destroyer built by Ingalls, represents the next generation of surface combatants for the U.S. Navy and features the second-in-class Flight III AN/SPY-6 (V)1 radar system and the Aegis Baseline 10 combat system designed to counter threats well into the 21st century.

Photos and video accompanying this release are available at: http://hii.com/news/hii-completes-acceptance-trials-for-destroyer-ted-stevens-ddg-128/.

To date, Ingalls Shipbuilding has delivered 35 Arleigh Burke-class destroyers to the U.S. Navy, including the first Flight III, USS Jack H. Lucas (DDG 125). Currently, Ingalls has five more Flight III destroyers under construction: Ted Stevens (DDG 128), Jeremiah Denton (DDG 129),George M. Neal (DDG 131),Sam Nunn (DDG 133), and Thad Cochran (DDG 135).

As the largest manufacturing employer in Mississippi, Ingalls Shipbuilding has been designing, building, and maintaining destroyers for the U.S. Navy for 87 years. To learn more about the DDG 51 Arleigh Burke-class destroyer program at Ingalls work visit: https://hii.com/what-we-do/capabilities/guided-missile-destroyers/arleigh-burke-class/

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

Contact:

Kimberly Aguillard
[email protected]
(228) 355-5663

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fbdf1778-88f6-4b4b-b470-619702f1cd07



Elanco’s Credelio™ CAT (lotilaner) Receives First FDA Emergency Use Authorization (EUA) for Treatment of New World Screwworm (NWS) in Cats

PR Newswire

EUA to Treat Cats for NWS Issued Prior to Fly Being Detected in the U.S.; Action Prepares Veterinarians and Pet Owners with Treatment Options

  • First U.S. Food and Drug Administration Emergency Use Authorization (EUA) granted for New World screwworm in cats, reinforcing Elanco’s leadership in feline innovation
  • Action reinforces the FDA’s commitment to act swiftly against emerging animal health threats
  • Scientific studies showed Credelio CAT may be effective in treating New World screwworm in catsi,ii
  • Preventing open wounds through effective flea and tick control is critical in protecting pets from NWS


INDIANAPOLIS
, Nov. 21, 2025 /PRNewswire/ — Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for Credelio™ CAT (lotilaner) to treat New World screwworm (NWS) infestations in cats. This authorization represents the first EUA granted by the FDA for New World screwworm treatment in felines.

With confirmed cases of New World screwworm detected as close as 70 miles south of the U.S.-Mexico border,iii this EUA ensures veterinarians and pet owners have a ready-now treatment option for cats and kittens should the fly enter the U.S.

“The FDA’s swift and thorough evaluation of the scientific evidence showing Credelio CAT’s potential effectiveness against New World screwworm in cats is greatly appreciated,” said Dr. Ellen de Brabander, Executive Vice President of Innovation and Regulatory Affairs at Elanco. “As a leader in feline health, Elanco is committed to ensuring cats receive complementary innovative solutions to those available to dogs. This historic EUA equips veterinarians and cat owners with a treatment solution and provides reassurance that they’re prepared to act quickly if New World screwworm crosses into the U.S.”

Elanco’s commitment to feline innovation addresses an important gap in companion animal care. Cats have historically had fewer products and treatment options available compared to dogs, and research shows this disparity extends to veterinary visits—with over 90% of dog owners taking their pets to the veterinarian compared to only 40% of cat owners.iv This EUA ensures that cats have a treatment option on par with their canine counterparts when facing this emerging health threat.

The Emergency Use Authorization was based on research evaluating the efficacy of Credelio CAT against Old World screwworm in cats as well as the efficacy of Credelio against New World screwworm in dogs.

Elanco’s Credelio franchise has made significant strides in animal health. Last month, Credelio™ (lotilaner) received the first-ever FDA Emergency Use Authorization for treating NWS in dogs, which is the first time ever that the FDA has issued an EUA for an animal drug. Now, with this EUA for Credelio CAT, the franchise demonstrates its comprehensive approach for providing solutions for both dogs and cats for this emerging threat.

Before New World screwworm reaches the United States, veterinarians and pet owners can take proactive steps to prevent wounds that can create ideal conditions for New World screwworm infection. New World screwworm infestations begin when a female New World screwworm fly lays eggs on open wounds or other parts of the body in live, otherwise healthy, warm-blooded animals. According to the Centers for Disease Control, wounds as small as a tick bite may attract a female fly to feed and lay her eggs. One female can lay 200 – 300 eggs at a time and may lay up to 3,000 eggs during her 10- to 30-day lifespan.v Unlike most fly species whose larvae may feed on dead and decaying tissue, New World screwworm larvae burrow into the flesh of living animals, causing severe tissue damage and even death if left untreated.

The U.S. Animal Plant Health and Inspection Service (APHIS) recommends that one way to prevent New World screwworm infestations is to protect pets and livestock from other wound-causing parasites such as flies and ticks.vi

“Given New World screwworm’s aggressive and invasive nature, any minor wounds from grooming, scratching, or outdoor activities can serve as an entry point for these parasites,” said Dr. Casey Locklear, Texas-based veterinarian and parasiticide lead at Elanco. “It’s essential to prevent or quickly address any wounds to keep cats safe from New World screwworm. Year-round flea and tick protection, like Credelio CAT, helps minimize self-inflicted scratching that could create vulnerable sites.”

Learn more about Credelio CAT here.
To learn more about NWS, the following resources are available:

ABOUT ELANCO

Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders and society as a whole. With 70 years of animal health heritage, we are committed to breaking boundaries and going beyond to help our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our purpose – all to Go Beyond for Animals, Customers, Society and Our People. Learn more at www.elanco.com.

Emergency Use Authorization for Credelio CAT (lotilaner) for New World Screwworm (NWS)
The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the emergency use of the approved product Credelio CAT (lotilaner) for the treatment of infestations caused by NWS (Cochliomyia hominivorax) larvae (myiasis) in cats and kittens. Credelio CAT is not approved for this use. 

Credelio CAT is approved for other uses. 

For additional information on the EUA, please refer to the Credelio Cat NWS Fact Sheet.

Limitations of Authorized Use
Credelio CAT (lotilaner) is authorized for this use only for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of Credelio CAT (lotilaner) under section 564(b)(1) of the Federal Food, Drug, and Cosmetic Act (FD&C Act), 21 U.S.C. § 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner.

CREDELIO CAT APPROVED INDICATIONS
Credelio CAT kills adult fleas and is indicated for the treatment and prevention of flea infestations for one month in cats and kittens 8 weeks of age and older and weighing 2 pounds or greater. 

Credelio CAT is also indicated for treatment and control of black-legged tick infestations for one month in cats and kittens 6 months of age and older and weighing 2 pounds or greater. 

CREDELIO CAT IMPORTANT SAFETY INFORMATION
Lotilaner is a member of the isoxazoline class of drugs. This class has been associated with neurologic adverse reactions including tremors, incoordination and seizures. Neurologic adverse reactions have been reported in cats receiving isoxazoline class drugs, even in cats without a history of neurologic disorders. Use with caution in cats with a history of neurologic disorders. The safety of Credelio CAT has not been established in breeding, pregnant and lactating cats. The effectiveness of Credelio CAT against black-legged ticks in kittens less than 6 months of age has not been evaluated. The most frequently reported adverse reactions are weight loss, rapid breathing and vomiting. For complete safety information, please see Credelio CAT product label or ask your veterinarian. 

Emergency Use Authorization for Credelio (lotilaner) for New World screwworm (NWS)

The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the emergency use of the approved product Credelio (lotilaner) for the treatment of infestations caused by NWS (Cochliomyia hominivorax) larvae (myiasis) in dogs and puppies. However, Credelio is not approved for this use.

Credelio is approved for other uses.

For additional information on the EUA, please refer to the Credelio NWS Fact Sheet.

Limitations of Authorized Use

Credelio (lotilaner) is authorized only for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of Credelio (lotilaner) under section 564(b)(1) of the Federal Food, Drug, and Cosmetic Act (FD&C Act), 21 U.S.C. § 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner.

CREDELIO APPROVED INDICATIONS

Credelio kills adult fleas and is indicated for the treatment and prevention of flea infestations and treatment and control of tick infestations (lone star tick, American dog tick, black-legged tick, brown dog tick, and longhorned tick) for one month in dogs and puppies 8 weeks and older and 4.4 pounds or greater. Credelio is indicated for the prevention of Lyme disease infections as a direct result of killing black-legged ticks.

CREDELIO IMPORTANT SAFETY INFORMATION
Lotilaner is a member of the isoxazoline class of drugs. This class has been associated with neurologic adverse reactions including tremors, incoordination, and seizures. Seizures have been reported in dogs receiving this class of drugs, even in dogs without a history of seizures. Use with caution in dogs with a history of seizures or neurologic disorders. The safe use of Credelio in breeding, pregnant or lactating dogs has not been evaluated. The most frequently reported adverse reactions are weight loss, elevated blood urea nitrogen, increased urination, and diarrhea. For complete safety information, please see Credelio product label or ask your veterinarian.

Credelio, Elanco and the diagonal bar logo are trademarks of Elanco or its affiliates. © 2025 Elanco or its affiliates

PM-US-25-2228 

i Han, HS, Yasmin, L (2020). Chrysomya bezziana (Diptera: Calliphoridae) infestation in two Malaysian cats treated with oral lotilaner. Vet Dermatol, 31:335-e87
ii do Vale, T.L., Costa, A.R., Miranda, L.M. et al. Efficacy of lotilaner against myiasis caused by Cochliomyia hominivorax (Diptera: Calliphoridae) in naturally infested dogs. Parasites Vectors 16, 86 (2023). https://doi.org/10.1186/s13071-023-05661-z
iii
 Mexico Confirms Case of New World Screwworm in Nuevo Leon | Animal and Plant Health Inspection Service
iv Familiarity and Use of Veterinary Services by US Resident Dog and Cat Owners – PMC
v About New World Screwworm Myiasis | Myiasis | CDC
vi APHIS, New World Screwworm

Investor Contact: Tiffany Kanaga (765) 740-0314 [email protected]
Media Contact: Season Solorio (765) 316-0233 [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/elancos-credelio-cat-lotilaner-receives-first-fda-emergency-use-authorization-eua-for-treatment-of-new-world-screwworm-nws-in-cats-302623496.html

SOURCE Elanco Animal Health

Donaldson Company Declares Quarterly Cash Dividend

Donaldson Company Declares Quarterly Cash Dividend

MINNEAPOLIS–(BUSINESS WIRE)–
Donaldson Company, Inc. (NYSE: DCI) today announced its Board of Directors declared a regular cash dividend of 30.0 cents per share. The dividend is payable December 22, 2025, to shareholders of record on December 5, 2025. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2025 will mark the 30th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 70 years.

About Donaldson Company, Inc.

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 150 locations on six continents partner with customers – from small business owners to R&D organizations and the world’s biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at www.Donaldson.com.

Sarika Dhadwal (952) 887-3753

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Other Energy Machinery Utilities Energy Other Construction & Property Technology HVAC Construction & Property Engineering Building Systems Other Technology Manufacturing

MEDIA:

Steel Dynamics Announces Completion of Notes Offering and Redemption Call for its 5.000% Notes Due 2026

PR Newswire


FORT WAYNE, Ind.
, Nov. 21, 2025 /PRNewswire/ — Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that it has consummated the sale of $650 million aggregate principal amount of 4.000% Notes due 2028 (the “2028 Notes”) as well as reopened and consummated the sale of an additional $150 million aggregate principal amount of 5.250% Notes due 2035 (the “Additional 2035 Notes” and, together with the 2028 Notes, the “Notes”). The Additional 2035 Notes were issued at a price of 101.443% of their principal amount, an implied yield of 5.053%. The Additional 2035 Notes will constitute a further issuance of, and will be consolidated and form a single series with, the company’s outstanding $600 million 5.250% Notes due 2035, which were issued March 12, 2025. The net proceeds from the issuance of the Notes will be used to redeem the company’s $400 million 5.000% Notes due 2026 (the “2026 Notes”) and for other general corporate purposes.

“We are very pleased with the execution and support for our investment grade note offering,” stated Theresa E. Wagler, Executive Vice President and Chief Financial Officer. “This transaction furthers our near-term flexibility and enhances our long-term strategy to provide a strong capital foundation in support of our teams, customers, shareholders, and our continued growth. We remain committed to maintaining our investment grade credit ratings, which we believe provide lower-cost and longer-term capital, enhancing our financial strength and enabling optionality for value creation opportunities.”

Additionally, the company announced today that it has called for redemption $400 million of the 2026 Notes.  The redemption date for the 2026 Notes will be December 21, 2025. The redemption price for the 2026 Notes will be at 100.000%, plus accrued and unpaid interest to, but not including, the redemption date. On and after the redemption date, the 2026 Notes will no longer be deemed outstanding, interest will cease to accrue thereon and all rights of any remaining holders of 2026 Notes will cease to exist, except for the right to receive the redemption price, without interest thereon. The notice of redemption containing information required by the terms of the indenture, dated as of December 6, 2016, as supplemented and amended, governing the 2026 Notes, was sent to registered holders of the 2026 Notes on November 21, 2025. The 2026 Notes are to be surrendered to Computershare Trust Company, N.A., as trustee and paying agent, in exchange for payment of the redemption price on December 22, 2025. This press release does not constitute a notice of redemption with respect to the 2026 Notes.

Questions relating to redemption should be directed to Computershare Trust Company, N.A. by telephone at 1-800-344-5128 or by email at [email protected].

This announcement is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities, and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and PNC Capital Markets LLC are acting as joint book-running managers for the offering of the Notes. BMO Capital Markets Corp., Citizens JMP Securities, LLC, Fifth Third Securities, Inc. and Truist Securities, Inc. are acting as Senior Co-Managers and BBVA Securities Inc. and U.S. Bancorp Investments, Inc. are acting as Co-Managers for the offering of the Notes.

About Steel Dynamics, Inc.
Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also currently investing in aluminum operations to further diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

Forward-Looking Statements
This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals market places, Steel Dynamics’ revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as “anticipate”, “intend”, “believe”, “estimate”, “plan”, “seek”, “project”, or “expect”, or by the words “may”, “will”, or “should”, are intended to be made as “forward-looking”, subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) pandemics, epidemics, widespread illness or other health issues; (4) the cyclical nature of the steel industry and the industries we serve; (5) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (6) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (7) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (8) compliance with and changes in environmental and remediation requirements; (9) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (10) availability of an adequate source of supply of scrap for our metals recycling operations; (11) cybersecurity threats and risks to the security of our sensitive data and information technology; (12) the implementation of our growth strategy; (13) our ability to retain, develop, and attract key personnel; (14) litigation and legal compliance; (15) unexpected equipment downtime or shutdowns; (16) governmental agencies may refuse to grant or renew some of our licenses and permits; (17) our senior unsecured credit facility contains, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (18) the impacts of impairment charges.

More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under “Investors – SEC Filings.”

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-announces-completion-of-notes-offering-and-redemption-call-for-its-5-000-notes-due-2026–302623488.html

SOURCE Steel Dynamics, Inc.

/C O R R E C T I O N — Cisco Systems, Inc./

PR Newswire

In the news release, Cisco Invests in Spatial Intelligence Pioneer World Labs, issued 20-Nov-2025 by Cisco Systems, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Cisco Invests in Spatial Intelligence Pioneer World Labs

World Labs is redefining what’s possible by giving AI the ability to generate, reason within, and interact with 3D worlds


News Summary

  • Cisco Investments is investing in World Labs, which aims to accelerate the development of Large World Models (LWMs) that enable AI systems that can perceive, understand, and interact with the physical world in 3D.
  • World Labs is at the frontier of spatial intelligence, developing foundational AI models that bridge the gap between virtual and real-world environments.
  • This investment underscores Cisco’s role as the critical infrastructure provider for the AI era.


SAN JOSE, Calif.
, Nov. 20, 2025 /PRNewswire/ — Cisco (NASDAQ: CSCO) today announced that Cisco Investments, its venture capital arm, is investing in World Labs Technologies, Inc., a spatial intelligence AI startup. Founded by Dr. Fei-Fei Li, a renowned computer vision pioneer often called the “godmother of AI,” World Labs is driving the next paradigm shift in artificial intelligence. The company enables machines to understand and interact with 3D environments using human-like spatial intelligence, with the potential to transform industries such as gaming and robotics. 

“The next great platform evolution in AI will be built around spatial intelligence,” said Jeetu Patel, President and Chief Product Officer, Cisco. “By joining Fei-Fei and the world-class World Labs team on this journey, we are accelerating the development of a future where AI takes an active role in the physical environment with agents and devices capable of transforming industries, augmenting human capacity, and driving massive gains in productivity.”

“World Labs is driven by a single passion: advancing AI to augment human potential and deliver real-world impact,” said Fei-Fei Li, Co-founder and CEO, World Labs. “Cisco’s leadership in secure, scalable infrastructure is a critical enabler for the next generation of AI and the evolution of physical AI. We are thrilled to work with them as we bring our vision to life.”

“The evolution of AI from linguistic intelligence to spatial intelligence marks the next revolutionary leap, as models move beyond understanding language to reasoning about, generating, and interacting with the physical world. World Labs is pioneering this frontier with Large World Models,” said Martin Casado, General Partner at a16z. “We’ve long shared Fei-Fei’s vision for spatial intelligence and see huge potential for changing how AI engages with the world. Cisco’s investment reflects the importance of secure, scalable infrastructure in advancing this new era of AI.”

This strategic investment in World Labs underscores Cisco’s commitment to its multi-pronged innovation strategy encompassing R&D, investments, M&A, and strategic partnerships across the AI landscape. By supporting World Labs’ pioneering work in developing LWMs, Cisco continues to reinforce its role as the critical infrastructure provider for the AI era, empowering customers globally to harness the power of secure, reliable, and trustworthy AI across digital and physical applications.

About Cisco 

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on the Cisco Newsroom. 

Forward-Looking Statements 

This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements regarding Cisco’s future financial or business performance, strategies or expectations. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the ability of Cisco to achieve expected benefits of its investments, business and economic conditions and growth trends, increased competition, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco’s most recent reports on Form 10-K and 10-Q, respectively. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.

Correction: An earlier version of this release had an additional sentence at the end of the first paragraph, which has been removed. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cisco-invests-in-spatial-intelligence-pioneer-world-labs-302621706.html

SOURCE Cisco Systems, Inc.

U.S. FDA Approves PADCEV® plus Keytruda® for Certain Patients with Bladder Cancer

U.S. FDA Approves PADCEV® plus Keytruda® for Certain Patients with Bladder Cancer

  • PADCEV plus Keytruda is the first and only approved perioperative treatment regimen that can significantly improve survival over current standard of care (surgery alone) in cisplatin-ineligible patients with muscle-invasive bladder cancer
  • Approval is based on unprecedented data from the pivotal Phase 3 EV-303 trial showing a 60% reduction in the risk of disease recurrence, progression or death and a 50% reduction in the risk of death compared to surgery alone
  • Represents the first and only ADC and PD-1 inhibitor regimen for this patient population and a potential new standard of care

NEW YORK & TOKYO–(BUSINESS WIRE)–
Pfizer Inc. (NYSE: PFE) and Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) today announced that the U.S. Food and Drug Administration (FDA) has approved PADCEV® (enfortumab vedotin-ejfv), a Nectin-4 directed antibody-drug conjugate (ADC), in combination with the PD-1 inhibitor Keytruda® (pembrolizumab) or Keytruda QLEX™ (pembrolizumab and berahyaluronidase alfa-pmph), as neoadjuvant treatment and then continued after cystectomy (surgery) as adjuvant treatment for adult patients with muscle-invasive bladder cancer (MIBC) who are ineligible for cisplatin-containing chemotherapy.i The approval of this perioperative (before and after surgery) treatment was based on results from the pivotal Phase 3 EV-303 clinical trial (also known as KEYNOTE-905), which were presented during a Presidential Symposium at the European Society of Medical Oncology (ESMO) Congress 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117031627/en/

Dr. Matthew Galsky, Lillian and Howard Stratton Professor of Medicine, Director of Genitourinary Medical Oncology, Mount Sinai Tisch Cancer Center, and EV-303 Investigator

“Enfortumab vedotin plus pembrolizumab is poised to address a critical unmet need. Half of patients with MIBC may experience cancer recurrence even after having their bladder removed, and many of these patients are ineligible to receive cisplatin. This approval, based on striking event-free and overall survival benefits, may represent an important practice-changing advance for these patients who’ve had no new options in decades.”

Jeff Legos, PhD, MBA, Chief Oncology Officer, Pfizer

“Today’s approval, granted months earlier than anticipated, ushers in a new era of treatment for cisplatin-ineligible patients with MIBC who have long been underserved by existing treatments. PADCEV plus pembrolizumab is the first and only FDA-approved perioperative treatment regimen to demonstrate a meaningful survival advantage compared to surgery alone, positioning it to reshape the treatment landscape and bring new hope to patients and families.”

In the EV-303 study, perioperative treatment with PADCEV plus pembrolizumab resulted in a 60% reduction in the risk of tumor recurrence, progression or death compared to surgery alone, meeting the primary endpoint of event-free survival (EFS) (Hazard Ratio [HR]=0.40; 95% confidence interval [CI]: 0.28-0.57; p<0.0001).The probability of remaining event free was 74.7% for patients who received the combination and 39.4% for patients treated with surgery only. The estimated median EFS has not yet been reached for the combination arm versus 15.7 months for the surgery arm. Data from the key secondary endpoint of overall survival (OS) showed that perioperative treatment with PADCEV plus pembrolizumab also resulted in a 50% reduction in the risk of death as compared to surgery alone (HR=0.50; 95% CI: 0.33-0.74; p=0.0002). The probability of survival at two years was 79.7% for patients who received the combination relative to 63.1% for patients treated with surgery only. The estimated median OS has not yet been reached for the combination arm versus 41.7 months for the surgery arm.ii

Moitreyee Chatterjee-Kishore, PhD, MBA, Head of Oncology Development, Astellas

“Building on the combination’s established role in locally advanced or metastatic urothelial cancer where it is has become standard of care in the U.S., PADCEV plus pembrolizumab now has the potential to redefine care in an earlier disease setting as the only antibody-drug conjugate and PD-1 inhibitor regimen for cisplatin-ineligible patients with MIBC. The approval underscores our unwavering commitment to expanding the reach of this innovative combination to more eligible patients with bladder cancer.”

The safety results in EV-303 were consistent with those previously reported for this combination, and there were no new safety signals. The most common (≥20%) adverse reactions, including laboratory abnormalities, in patients treated with PADCEV plus intravenous pembrolizumab were increased glucose, decreased hemoglobin, increased aspartate aminotransferase, rash, increased alanine aminotransferase, fatigue, pruritus, increased creatinine, decreased sodium, decreased lymphocytes, peripheral neuropathy, increased potassium, alopecia, dysgeusia, diarrhea, decreased appetite, constipation, nausea, decreased phosphate, urinary tract infection, dry eye, and decreased weight. Grade ≥ 3 AEs due to any cause occurred in 71.3% of patients treated in the combination arm and 45.9% of patients who were in the surgery arm.ii

Please see Important Safety Information at the end of this press release, including BOXED WARNING for PADCEV (enfortumab vedotin-ejfv).

Perioperative PADCEV plus pembrolizumab is also being evaluated in cisplatin-eligible patients with MIBC in the EV-304 Phase 3 clinical trial (also known as KEYNOTE-B15).

About the EV-303/KEYNOTE-905 Trial

The EV-303 trial (also known as KEYNOTE-905) is an ongoing, open-label, randomized, three-arm, controlled, Phase 3 study evaluating neoadjuvant and adjuvant PADCEV in combination with pembrolizumab or neoadjuvant and adjuvant pembrolizumab versus surgery alone in patients with MIBC who are either not eligible for or declined cisplatin-based chemotherapy. Patients were randomized to receive either neoadjuvant and adjuvant pembrolizumab (arm A), surgery alone (arm B) or neoadjuvant and adjuvant PADCEV in combination with pembrolizumab (arm C).iii

The primary endpoint of this trial is EFS between arm C and arm B, defined as time from randomization to the first of: disease progression preventing curative surgery, failure to undergo surgery for participants with muscle invasive residual disease, incomplete surgical resection, local or distant recurrence after surgery, or death.i Key secondary endpoints include OS and pCR rate between arm C and arm B, as well as EFS, OS and pCR rate between arm A and arm B.viii

For more information on the global EV-303 trial, go to clinicaltrials.gov.

About Muscle-Invasive Bladder Cancer

Bladder cancer is the ninth most common cancer worldwide, diagnosed in more than 614,000 people each year globally, including an estimated 85,000 people in the U.S.iv,v MIBC represents approximately 30% of all bladder cancer cases.vi The standard treatment for patients with MIBC is neoadjuvant cisplatin-based chemotherapy followed by surgery, which has been shown to prolong survival.vii However, up to half of patients who are diagnosed with MIBC are not eligible to receive cisplatin and face limited treatment options, typically undergoing surgery without any systemic treatment.viii Of those who do undergo bladder surgery, one third are cisplatin-ineligible.

About PADCEV® (enfortumab vedotin-ejfv)

PADCEV® (enfortumab vedotin-ejfv) is a first-in-class antibody-drug conjugate (ADC) that is directed against Nectin-4, a protein located on the surface of cells and highly expressed in bladder cancer.ix Nonclinical data suggest the anticancer activity of PADCEV is due to its binding to Nectin-4-expressing cells, followed by the internalization and release of the anti-tumor agent monomethyl auristatin E (MMAE) into the cell, which result in the cell not reproducing (cell cycle arrest) and in programmed cell death (apoptosis).i

PADCEV plus pembrolizumab is also approved for the treatment of adult patients with locally advanced or metastatic urothelial cancer (la/mUC) in the United States, Japan and a number of other countries around the world. In the European Union, the combination is approved for the treatment of adult patients with la/mUC who are eligible for platinum-containing chemotherapy. PADCEV is also approved as a single agent for the treatment of adult patients with la/mUC who have previously received a PD-1/PD-L1 inhibitor and platinum-containing chemotherapy or are ineligible for cisplatin-containing chemotherapy and have previously received one or more prior lines of therapy.i

BOXED WARNING: SERIOUS SKIN REACTIONS

  • PADCEV (enfortumab vedotin-ejfv) can cause severe and fatal cutaneous adverse reactions including Stevens-Johnson syndrome (SJS) and Toxic Epidermal Necrolysis (TEN), which occurred predominantly during the first cycle of treatment, but may occur later.
  • Closely monitor patients for skin reactions.
  • Immediately withhold PADCEV and consider referral for specialized care for suspected SJS or TEN or severe skin reactions.
  • Permanently discontinue PADCEV in patients with confirmed SJS or TEN; or Grade 4 or recurrent Grade 3 skin reactions.

INDICATIONS

PADCEV, in combination with pembrolizumab or pembrolizumab and berahyaluronidase alfa-pmph, as neoadjuvant treatment and then continued after cystectomy as adjuvant treatment, is indicated for the treatment of adult patients with muscle invasive bladder cancer (MIBC) who are ineligible for cisplatin-containing chemotherapy.

PADCEV, in combination with pembrolizumab or pembrolizumab and berahyaluronidase alfa-pmph, is indicated for the treatment of adult patients with locally advanced or metastatic urothelial cancer (mUC).

PADCEV, as a single agent, is indicated for the treatment of adult patients with locally advanced or mUC who:

  • have previously received a programmed death receptor-1 (PD-1) or programmed death-ligand 1 (PD-L1) inhibitor and platinum-containing chemotherapy, or

  • are ineligible for cisplatin-containing chemotherapy and have previously received one or more prior lines of therapy.

IMPORTANT SAFETY INFORMATION

WARNINGS AND PRECAUTIONS

Skin reactions Severe cutaneous adverse reactions, including fatal cases of SJS or TEN occurred in patients treated with PADCEV. SJS and TEN occurred predominantly during the first cycle of treatment but may occur later.

Skin reactions occurred in 61% (all grades) of the 167 patients treated with PADCEV in combination with intravenous pembrolizumab for the treatment of MIBC in clinical trials. The majority of skin reactions that occurred included rash and maculo-papular rash. Grade 3-4 skin reactions occurred in 10% of patients (Grade 3: 9%, Grade 4: 1.2%), including rash, maculo-papular rash, toxic skin eruption, dermatitis exfoliative generalized, erythema, exfoliative rash, skin toxicity, toxic epidermal necrolysis, and toxic erythema of chemotherapy. A fatal reaction of toxic epidermal necrolysis occurred in one patient (0.6%). The median time to onset of severe skin reactions was 0.6 months (range: 0.2 to 8.8 months). Skin reactions led to discontinuation of PADCEV in 10% of patients. Of the patients who experienced a skin reaction and had data regarding resolution (n=102), 83% had complete resolution and 17% had residual skin reactions at their last evaluation. Of the patients with residual skin reactions at last evaluation, 29% (5/17) had Grade ≥2 skin reactions.

Skin reactions occurred in 70% (all grades) of the 564 patients treated with PADCEV in combination with intravenous pembrolizumab for the treatment of locally advanced or mUC in clinical trials. The majority of skin reactions that occurred included maculo-papular rash, macular rash, and papular rash. Grade 3-4 skin reactions occurred in 17% of patients (Grade 3: 16%, Grade 4: 1%), including maculo-papular rash, bullous dermatitis, dermatitis, exfoliative dermatitis, pemphigoid, rash, erythematous rash, macular rash, and papular rash. A fatal reaction of bullous dermatitis occurred in one patient (0.2%). The median time to onset of severe skin reactions was 1.7 months (range: 0.1 to 17.2 months). Skin reactions led to discontinuation of PADCEV in 6% of patients. Of the patients who experienced a skin reaction and had data regarding resolution (n= 391), 59% had complete resolution and 41% had residual skin reactions at their last evaluation. Of the patients with residual skin reactions at last evaluation, 27% (43/159) had Grade ≥2 skin reactions.

Skin reactions occurred in 58% (all grades) of the 720 patients treated with PADCEV as a single agent in clinical trials. Twenty-three percent (23%) of patients had maculo-papular rash and 34% had pruritus. Grade 3-4 skin reactions occurred in 14% of patients, including maculo-papular rash, erythematous rash, rash or drug eruption, symmetrical drug-related intertriginous and flexural exanthema (SDRIFE), bullous dermatitis, exfoliative dermatitis, and palmar-plantar erythrodysesthesia. The median time to onset of severe skin reactions was 0.6 months (range: 0.1 to 8 months). Among patients experiencing a skin reaction leading to dose interruption who then restarted PADCEV (n=75), 24% of patients restarting at the same dose and 24% of patients restarting at a reduced dose experienced recurrent severe skin reactions. Skin reactions led to discontinuation of PADCEV in 3.1% of patients. Of the patients who experienced a skin reaction and had data regarding resolution (n=328), 58% had complete resolution and 42% had residual skin reactions at their last evaluation. Of the patients with residual skin reactions at last evaluation, 39% (53/137) had Grade ≥2 skin reactions.

Monitor patients closely throughout treatment for skin reactions. Consider topical corticosteroids and antihistamines, as clinically indicated. For persistent or recurrent Grade 2 skin reactions, consider withholding PADCEV until Grade ≤1. Withhold PADCEV and refer for specialized care for suspected SJS, TEN or for Grade 3 skin reactions. Permanently discontinue PADCEV in patients with confirmed SJS or TEN; or Grade 4 or recurrent Grade 3 skin reactions.

Hyperglycemia and diabetic ketoacidosis (DKA), including fatal events, occurred in patients with and without pre‑existing diabetes mellitus, treated with PADCEV. Patients with baseline hemoglobin A1C ≥8% were excluded from clinical trials. In clinical trials of PADCEV as a single agent, 17% of the 720 patients treated with PADCEV developed hyperglycemia of any grade; 7% of patients developed Grade 3-4 hyperglycemia (Grade 3: 6.5%, Grade 4: 0.6%). Fatal events of hyperglycemia and diabetic ketoacidosis occurred in one patient each (0.1%). The incidence of Grade 3-4 hyperglycemia increased consistently in patients with higher body mass index and in patients with higher baseline A1C. The median time to onset of hyperglycemia was 0.5 months (range: 0 to 20 months). Hyperglycemia led to discontinuation of PADCEV in 0.7% of patients. Five percent (5%) of patients required initiation of insulin therapy for treatment of hyperglycemia. Of the patients who initiated insulin therapy for treatment of hyperglycemia, 66% (23/35) discontinued insulin by the time of last evaluation. Closely monitor blood glucose levels in patients with, or at risk for, diabetes mellitus or hyperglycemia. If blood glucose is elevated (>250 mg/dL), withhold PADCEV.

Pneumonitis/Interstitial lung disease (ILD) Severe, life-threatening or fatal pneumonitis/ILD occurred in patients treated with PADCEV.

When PADCEV was given in combination with intravenous pembrolizumab for the treatment of MIBC, 4.2% of the 167 patients had pneumonitis/ILD of any grade. All events were Grade 1-2. The median time to onset of any grade pneumonitis/ILD was 2.5 months (range: 1.9 to 9.7 months).

When PADCEV was given in combination with intravenous pembrolizumab for the treatment of locally advanced or mUC, 10% of the 564 patients had pneumonitis/ILD of any grade and 4% had Grade 3-4. A fatal event of pneumonitis/ILD occurred in two patients (0.4%). The median time to onset of any grade pneumonitis/ILD was 4 months (range: 0.3 to 26 months).

In clinical trials of PADCEV as a single agent, 3% of the 720 patients treated with PADCEV had pneumonitis/ILD of any grade and 0.8% had Grade 3-4. The median time to onset of any grade pneumonitis/ILD was 2.9 months (range: 0.6 to 6 months).

Monitor patients for signs and symptoms indicative of pneumonitis/ILD such as hypoxia, cough, dyspnea or interstitial infiltrates on radiologic exams. Evaluate and exclude infectious, neoplastic and other causes for such signs and symptoms through appropriate investigations. Withhold PADCEV for patients who develop Grade 2 pneumonitis/ILD and consider dose reduction. Permanently discontinue PADCEV in all patients with Grade 3 or 4 pneumonitis/ILD.

Peripheral neuropathy (PN) When PADCEV was given in combination with intravenous pembrolizumab for the treatment of MIBC, 39% of the 167 patients had PN of any grade, 12% had Grade 2 neuropathy, and 3% had Grade 3 neuropathy. The median time to onset of Grade ≥2 PN was 4.7 months (range: 0.2 to 11 months). Of the patients who experienced neuropathy and had data regarding resolution (n=65), 32% had complete resolution, and 68% of patients had residual neuropathy at last evaluation. Of the patients with residual neuropathy at last evaluation, 27% (12/44) had Grade ≥2 neuropathy.

When PADCEV was given in combination with intravenous pembrolizumab for the treatment of locally advanced or mUC, 67% of the 564 patients had PN of any grade, 36% had Grade 2 neuropathy, and 7% had Grade 3 neuropathy. The median time to onset of Grade ≥2 PN was 6 months (range: 0.3 to 25 months). Of the patients who experienced neuropathy and had data regarding resolution (n= 373), 13% had complete resolution, and 87% of patients had residual neuropathy at last evaluation. Of the patients with residual neuropathy at last evaluation, 45% (146/326) had Grade ≥2 neuropathy.

PN occurred in 53% of the 720 patients treated with PADCEV as a single agent in clinical trials including 38% with sensory neuropathy, 8% with muscular weakness, and 7% with motor neuropathy. Thirty percent of patients experienced Grade 2 reactions and 5% experienced Grade 3-4 reactions. PN occurred in patients treated with PADCEV with or without preexisting PN. The median time to onset of Grade ≥2 PN was 4.9 months (range: 0.1 to 20 months). Neuropathy led to treatment discontinuation in 6% of patients. Of the patients who experienced neuropathy who had data regarding resolution (n= 296), 11% had complete resolution, and 89% had residual neuropathy at the time of their last evaluation. Of the patients with residual neuropathy at last evaluation, 50% (132/262) had Grade ≥2 neuropathy.

Monitor patients for symptoms of new or worsening PN and consider dose interruption or dose reduction of PADCEV when PN occurs. Permanently discontinue PADCEV in patients who develop Grade >3 PN.

Ocular disorders were reported in 40% of the 384 patients treated with PADCEV as a single agent in clinical trials in which ophthalmologic exams were scheduled. The majority of these events involved the cornea and included events associated with dry eye such as keratitis, blurred vision, increased lacrimation, conjunctivitis, limbal stem cell deficiency, and keratopathy. Dry eye symptoms occurred in 30% of patients, and blurred vision occurred in 10% of patients, during treatment with PADCEV. The median time to onset to symptomatic ocular disorder was 1.7 months (range: 0 to 30.6 months). Monitor patients for ocular disorders. Consider artificial tears for prophylaxis of dry eyes and ophthalmologic evaluation if ocular symptoms occur or do not resolve. Consider treatment with ophthalmic topical steroids, if indicated after an ophthalmic exam. Consider dose interruption or dose reduction of PADCEV for symptomatic ocular disorders.

Infusion site extravasation Skin and soft tissue reactions secondary to extravasation have been observed after administration of PADCEV. Of the 720 patients treated with PADCEV as a single agent in clinical trials, 1% of patients experienced skin and soft tissue reactions, including 0.3% who experienced Grade 3-4 reactions. Reactions may be delayed. Erythema, swelling, increased temperature, and pain worsened until 2-7 days after extravasation and resolved within 1-4 weeks of peak. Two patients (0.3%) developed extravasation reactions with secondary cellulitis, bullae, or exfoliation. Ensure adequate venous access prior to starting PADCEV and monitor for possible extravasation during administration. If extravasation occurs, stop the infusion and monitor for adverse reactions.

Embryo-fetal toxicity PADCEV can cause fetal harm when administered to a pregnant woman. Advise patients of the potential risk to the fetus. Advise female patients of reproductive potential to use effective contraception during PADCEV treatment and for 2 months after the last dose. Advise male patients with female partners of reproductive potential to use effective contraception during treatment with PADCEV and for 4 months after the last dose.

ADVERSE REACTIONS

Most common adverse reactions, including laboratory abnormalities (≥20%):

  • PADCEV in combination with intravenous pembrolizumab for the treatment of MIBC: increased glucose, decreased hemoglobin, increased aspartate aminotransferase (AST), rash, increased alanine aminotransferase (ALT), fatigue, pruritus, increased creatinine, decreased sodium, decreased lymphocytes, peripheral neuropathy, increased potassium, alopecia, dysgeusia, diarrhea, decreased appetite, constipation, nausea, decreased phosphate, urinary tract infection, dry eye, and decreased weight.
  • PADCEV in combination with intravenous pembrolizumab for the treatment of locally advanced or mUC: increased AST, increased creatinine, rash, increased glucose, peripheral neuropathy, increased lipase, decreased lymphocytes, increased ALT, decreased hemoglobin, fatigue, decreased sodium, decreased phosphate, decreased albumin, pruritus, diarrhea, alopecia, decreased weight, decreased appetite, increased urate, decreased neutrophils, decreased potassium, dry eye, nausea, constipation, increased potassium, dysgeusia, urinary tract infection, and decreased platelets.
  • PADCEV as a single agent: increased glucose, increased AST, decreased lymphocytes, increased creatinine, rash, fatigue, peripheral neuropathy, decreased albumin, decreased hemoglobin, alopecia, decreased appetite, decreased neutrophils, decreased sodium, increased ALT, decreased phosphate, diarrhea, nausea, pruritus, increased urate, dry eye, dysgeusia, constipation, increased lipase, decreased weight, decreased platelets, abdominal pain, and dry skin.

EV-303 Study: Patients with cisplatin-ineligible MIBC (PADCEV in combination with intravenous pembrolizumab)

  • Neoadjuvant phase: Of a total of 167 patients, serious adverse reactions occurred in 27% of patients receiving PADCEV in combination with intravenous pembrolizumab. The most frequent (≥2%) serious adverse reactions were urinary tract infection (3.6%) and hematuria (2.4%). Fatal adverse reactions occurred in 1.2% of patients including myasthenia gravis and toxic epidermal necrolysis (0.6% each). Additional fatal adverse reactions were reported in 2.7% of patients in the post-surgery phase before adjuvant treatment started, including sepsis and intestinal obstruction (1.4% each). Adverse reactions leading to discontinuation of PADCEV occurred in 22% of patients. The most common adverse reactions (≥1%) leading to discontinuation of PADCEV were rash (4.8%), peripheral neuropathy (2.4%), and diarrhea, dysgeusia, fatigue, pruritus, and toxic epidermal necrolysis (1.2% each). Adverse reactions leading to dose interruption of PADCEV occurred in 29% of patients. The most common adverse reactions (≥2%) leading to dose interruption of PADCEV were rash (8%), neutropenia (3.6%), and hyperglycemia (3%), and fatigue and peripheral neuropathy (2.4% each). Adverse reactions leading to dose reduction of PADCEV occurred in 13% of patients. The most common adverse reactions (≥1%) leading to dose reduction of PADCEV were rash (4.8%), pruritus (1.8%), and peripheral neuropathy, increased alanine aminotransferase, increased aspartate aminotransferase, decreased appetite, fatigue, neutropenia, and decreased weight (1.2% each). Seven (4.2%) patients did not receive surgery due to adverse reactions. The adverse reactions that led to cancellation of surgery were acute myocardial infarction, bile duct cancer, colon cancer, respiratory distress, urinary tract infection and deaths due to myasthenia gravis and toxic epidermal necrolysis (0.6% each). Of the 146 patients who received neoadjuvant treatment with PADCEV in combination with intravenous pembrolizumab and underwent RC, 6 (4.1%) patients experienced delay of surgery due to adverse reactions.
  • Adjuvant phase: Of the 149 patients who underwent surgery, 100 patients received adjuvant treatment with PADCEV in combination with intravenous pembrolizumab. Of the 49 patients who did not receive adjuvant treatment, discontinuation of treatment with PADCEV in combination with intravenous pembrolizumab prior to the adjuvant phase was due to an adverse event in 21 patients. Serious adverse reactions occurred in 43% of patients receiving PADCEV in combination with pembrolizumab. The most frequent (≥2%) serious adverse reactions were urinary tract infection (8%), acute kidney injury and pyelonephritis (5% each), urosepsis (4%), and hypokalemia, intestinal obstruction, and sepsis (2% each). Fatal adverse reactions occurred in 7% of patients, including urosepsis, hemorrhage intracranial, death, myocardial infarction, multiple organ dysfunction syndrome, and pneumonia pseudomonal (1% each). Adverse reactions leading to discontinuation of PADCEV occurred in 26% of patients. The most common adverse reactions (≥2%) leading to discontinuation of PADCEV were peripheral neuropathy (5%) and rash (4%). Adverse reactions leading to dose interruption of PADCEV occurred in 36% of patients. The most common adverse reactions (≥2%) leading to dose interruption of PADCEV were rash (6%), diarrhea and urinary tract infection (5% each), fatigue (4%), pruritus (3%), and peripheral neuropathy and pyelonephritis (2% each). Adverse reactions leading to dose reduction of PADCEV occurred in 7% of patients. The most common adverse reactions (≥2%) leading to dose reduction of PADCEV was weight decreased (2%).

EV-302 Study: 440 patients with previously untreated la/mUC (PADCEV in combination with intravenous pembrolizumab)

Serious adverse reactions occurred in 50% of patients treated with PADCEV in combination with intravenous pembrolizumab. The most common serious adverse reactions (≥2%) were rash (6%), acute kidney injury (5%), pneumonitis/ILD (4.5%), urinary tract infection (3.6%), diarrhea (3.2%), pneumonia (2.3%), pyrexia (2%), and hyperglycemia (2%). Fatal adverse reactions occurred in 3.9% of patients treated with PADCEV in combination with intravenous pembrolizumab including acute respiratory failure (0.7%), pneumonia (0.5%), and pneumonitis/ILD (0.2%).

Adverse reactions leading to discontinuation of PADCEV occurred in 35% of patients. The most common adverse reactions (≥2%) leading to discontinuation of PADCEV were PN (15%), rash (4.1%) and pneumonitis/ILD (2.3%). Adverse reactions leading to dose interruption of PADCEV occurred in 73% of patients. The most common adverse reactions (≥2%) leading to dose interruption of PADCEV were PN (22%), rash (16%), COVID-19 (10%), diarrhea (5%), pneumonitis/ILD (4.8%), fatigue (3.9%), hyperglycemia (3.6%), increased ALT (3%) and pruritus (2.5%). Adverse reactions leading to dose reduction of PADCEV occurred in 42% of patients. The most common adverse reactions (≥2%) leading to dose reduction of PADCEV were rash (16%), PN (13%) and fatigue (2.7%).

EV-301 Study: 296 patients previously treated with a PD-1/L1 inhibitor and platinum-based chemotherapy (PADCEV monotherapy)

Serious adverse reactions occurred in 47% of patients treated with PADCEV; the most common (≥2%) were urinary tract infection, acute kidney injury (7% each), and pneumonia (5%). Fatal adverse reactions occurred in 3% of patients, including multiorgan dysfunction (1%), hepatic dysfunction, septic shock, hyperglycemia, pneumonitis/ILD, and pelvic abscess (0.3% each). Adverse reactions leading to discontinuation occurred in 17% of patients; the most common (≥2%) were PN (5%) and rash (4%). Adverse reactions leading to dose interruption occurred in 61% of patients; the most common (≥4%) were PN (23%), rash (11%), and fatigue (9%). Adverse reactions leading to dose reduction occurred in 34% of patients; the most common (≥2%) were PN (10%), rash (8%), decreased appetite, and fatigue (3% each).

EV-201, Cohort 2 Study: 89 patients previously treated with a PD-1/L1 inhibitor and not eligible for cisplatin-based chemotherapy (PADCEV monotherapy)

Serious adverse reactions occurred in 39% of patients treated with PADCEV; the most common (≥3%) were pneumonia, sepsis, and diarrhea (5% each). Fatal adverse reactions occurred in 8% of patients, including acute kidney injury (2.2%), metabolic acidosis, sepsis, multiorgan dysfunction, pneumonia, and pneumonitis/ILD (1.1% each). Adverse reactions leading to discontinuation occurred in 20% of patients; the most common (≥2%) was PN (7%). Adverse reactions leading to dose interruption occurred in 60% of patients; the most common (≥3%) were PN (19%), rash (9%), fatigue (8%), diarrhea (5%), increased AST, and hyperglycemia (3% each). Adverse reactions leading to dose reduction occurred in 49% of patients; the most common (≥3%) were PN (19%), rash (11%), and fatigue (7%).

DRUG INTERACTIONS

Effects of other drugs on PADCEV (Dual P-gp and Strong CYP3A4 Inhibitors)

Concomitant use with dual P-gp and strong CYP3A4 inhibitors may increase unconjugated monomethyl auristatin E exposure, which may increase the incidence or severity of PADCEV toxicities. Closely monitor patients for signs of toxicity when PADCEV is given concomitantly with dual P-gp and strong CYP3A4 inhibitors.

SPECIFIC POPULATIONS

Lactation Advise lactating women not to breastfeed during treatment with PADCEV and for 3 weeks after the last dose.

Hepatic impairment Avoid the use of PADCEV in patients with moderate or severe hepatic impairment.

Please see full Prescribing Information, including BOXED WARNING.

About Pfizer Oncology

At Pfizer Oncology, we are at the forefront of a new era in cancer care. Our industry-leading portfolio and extensive pipeline includes three core mechanisms of action to attack cancer from multiple angles, including small molecules, antibody-drug conjugates (ADCs), and multispecific antibodies, including other immune-oncology biologics. We are focused on delivering transformative therapies in some of the world’s most common cancers, including breast cancer, genitourinary cancer, hematology-oncology, and thoracic cancers, which includes lung cancer. Driven by science, we are committed to accelerating breakthroughs to help people with cancer live better and longer lives.

About Astellas

Astellas is a global life sciences company committed to turning innovative science into VALUE for patients. We provide transformative therapies in disease areas that include oncology, ophthalmology, urology, immunology and women’s health. Through our research and development programs, we are pioneering new healthcare solutions for diseases with high unmet medical need. Learn more at www.astellas.com.

About the Pfizer, Astellas and Merck Collaboration

Seagen and Astellas previously entered a clinical collaboration agreement with Merck to evaluate the combination of Seagen’s and Astellas’ PADCEV® (enfortumab vedotin) and Merck’s Keytruda® (pembrolizumab) in patients with muscle-invasive bladder cancer (MIBC) who are not eligible for or declined cisplatin-based chemotherapy. Pfizer Inc. successfully completed its acquisition of Seagen on December 14, 2023. Keytruda is a registered trademark of Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc., Rahway, NJ, USA (known as MSD outside of the United States and Canada).

Astellas Cautionary Notes

In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. These statements are based on management’s current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas’ intellectual property rights by third parties. Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice.

Pfizer Disclosure Notice

The information contained in this release is as of November 21, 2025. Pfizer assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.

This release contains forward-looking information about Pfizer Oncology and PADCEV® (enfortumab vedotin-ejfv) in combination with pembrolizumab or pembrolizumab andberahyaluronidase alfa-pmph in cisplatin-ineligible patients with muscle-invasive bladder cancer, including their potential benefits and an approval in the U.S. for the combination as a neoadjuvant treatment and then continued after cystectomy as adjuvant treatment for adult patients with muscle-invasive bladder cancer who are ineligible for cisplatin-containing chemotherapy that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risk and uncertainties include, among other things, uncertainties regarding the commercial success of PADCEV; the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for our clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new clinical data and further analyses of existing clinical data; risks associated with interim data; the risk that clinical trial data are subject to differing interpretations and assessments by regulatory authorities; whether regulatory authorities will be satisfied with the design of and results from our clinical studies; whether and when any applications may be filed with regulatory authorities in particular jurisdictions for any potential indication for PADCEV with pembrolizumab or as a single agent; whether and when any applications that may be pending or filed for PADCEV with pembrolizumab or as a single agent may be approved by regulatory authorities, which will depend on myriad factors, including making a determination as to whether the product’s benefits outweigh its known risks and determination of the product’s efficacy and, if approved, whether PADCEV with pembrolizumab or as a single agent will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of PADCEV with pembrolizumab or as a single agent; whether the collaboration between Pfizer, Astellas and Merck will be successful; risks and uncertainties related to issued or future executive orders or other new, or changes in, laws or regulations; uncertainties regarding the impact of COVID-19 on Pfizer’s business, operations and financial results; and competitive developments.

A further description of risks and uncertainties can be found in Pfizer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and www.pfizer.com.

________________________
 

i PADCEV [package insert]. Northbrook, IL: Astellas Pharma US, Inc.

ii Vulsteke C., et al. Perioperative enfortumab vedotin plus pembrolizumab in participants with muscle-invasive bladder cancer who are cisplatin-ineligible: phase 3 KEYNOTE-905 study. ESMO Congress 2025, Berlin, Germany; 17-21 Oct2025. Abstract LBA2.

iii National Institute of Health. National Library of Medicine. Perioperative Pembrolizumab (MK-3475) Plus Cystectomy or Perioperative Pembrolizumab Plus Enfortumab Vedotin Plus Cystectomy Versus Cystectomy Alone in Participants Who Are Cisplatin-ineligible or Decline Cisplatin With Muscle-invasive Bladder Cancer (MK-3475-905/ KEYNOTE-905/ EV-303. ClinicalTrials.gov identifier: NCT03924895. Published July 24, 2019. Updated June 17, 2025. Accessed November 14, 2025. Available at: https://clinicaltrials.gov/study/NCT03924895?term=AREA%5BBasicSearch%5D(myosarcoma)&rank=3

iv World Bladder Cancer Patient Coalition. GLOBOCAN 2022: Bladder cancer 9th most common worldwide. Accessed November 14, 2025. Available at: https://worldbladdercancer.org/news_events/globocan-2022-bladder-cancer-is-the-9th-most-commonly-diagnosed-worldwide/

v American Cancer Society. Cancer Facts & Figures 2025. Accessed November 14, 2025. Available at: https://www.cancer.org/research/cancer-facts-statistics/all-cancer-facts-figures/2025-cancer-facts-figures.html

vi Bladder Cancer Awareness Network. What is Muscle Invasive Bladder Cancer? Accessed November 14, 2025. Available at: https://bcan.org/what-is-muscle-invasive-bladder-cancer/#:~:text=When%20tumors%20grow%20into%20or,Virginia%20Health%20System%20explain%20MIBC

vii Funt SA, Rosenberg JE. Systemic, perioperative management of muscle-invasive bladder cancer and future horizons. Nat Rev Clin Oncol. 2017 Apr;14(4):221-234. doi: 10.1038/nrclinonc.2016.188. Epub 2016 Nov 22. PMID: 27874062; PMCID: PMC6054138.

viii Esteban-Villarrubia J, Torres-Jiménez J, Bueno-Bravo C, García-Mondaray R, Subiela JD, Gajate P. Current and Future Landscape of Perioperative Treatment for Muscle-Invasive Bladder Cancer. Cancers (Basel). 2023 Jan 17;15(3):566. doi: 10.3390/cancers15030566. PMID: 36765525; PMCID: PMC9913718.

ix Challita-Eid PM, Satpayev D, Yang P, et al. Enfortumab vedotin antibody-drug conjugate targeting nectin-4 is a highly potent therapeutic agent in multiple preclinical cancer models. Cancer Res 2016;76(10):3003-13.

 

Pfizer Contacts:

[email protected]

For Investors

[email protected]

Astellas Contacts:

[email protected]

Corporate Communications

+1-847-686-1813

KEYWORDS: New York United States Japan North America Asia Pacific

INDUSTRY KEYWORDS: Oncology Health FDA Surgery Clinical Trials Pharmaceutical Biotechnology

MEDIA:

Logo
Logo
Logo
Logo

Lam Research Deepens Investment in Silicon Forest to Accelerate Semiconductor Industry Leadership in the AI Era

PR Newswire

State and Local Officials, Academia, and Community Leaders Join Top Area Employer to Celebrate Expansion of Tualatin, OR Campus


TUALATIN, Ore.
, Nov. 21, 2025 /PRNewswire/ — In a ribbon-cutting event today at its campus in Tualatin, OR, Lam Research Corp. (NASDAQ: LRCX) commemorated the opening of its new, $65 million office building, joined by Oregon State Senate President Robert Wagner, representatives from the offices of Oregon Governor Tina Kotek and Oregon Congresswoman Andrea Salinas, and other distinguished local government, community, business, philanthropic, and academic leaders. It is the newest U.S. expansion by Lam, a global leader in delivering the semiconductor fabrication equipment and processes that are critical to enabling the AI era. It reflects the company’s continued investment in the Silicon Forest, where it has been rooted for over three decades.

Lam’s new Tualatin Building G adds additional capacity, providing Lam with up to 700 workspaces for current and future employees at its world-class research and development (R&D) operations in Tualatin. The new four-story, 120,000-square-foot building and plans for a future expansion of Lam’s Tualatin lab and infrastructure are part of the company’s multi-year strategy to enhance its facilities and infrastructure near customers to be future-ready for what is widely expected to be a $1 trillion semiconductor industry in the coming years.

“Our continuing growth in the Silicon Forest demonstrates our commitment to our customers, employees, and the communities in which we operate,” said Sesha Varadarajan, senior vice president, Global Products Group at Lam Research, who cut the ribbon at today’s ceremony. “The addition of Building G in Tualatin expands one of Lam’s essential global hubs for breakthrough semiconductor manufacturing equipment and process development, providing critical capacity for our Oregon workforce and accelerating our capabilities to drive innovations that underpin American leadership in an essential global industry.”

“I’m incredibly proud to be here today with Lam Research in the heart of my Senate District to celebrate this important milestone. Empowered by thousands of talented, hardworking Oregonians, Lam is on the cutting edge of delivering atomic-scale manufacturing advancements essential for the future of computing, robotics, AI, and more,” Senate President Wagner said. “Oregon is a global leader in chip innovation because of the continued investment and commitment to excellence by companies like Lam Research.”

“Lam Research has long been at the heart of the Silicon Forest, showcasing Oregon’s tremendous pool of talent, supporting our local economy, and serving a vital role in keeping Oregon at the forefront of semiconductor innovation. I congratulate Lam on its beautiful new facility, and I look forward to our continuing partnership to make Oregon future-ready,” said Congresswoman Salinas.  

Additional speakers at today’s event included Washington County Commissioner Pam Treece, and Tualatin Mayor Frank Bubenik. Dean of Engineering at Oregon State University Forrest Masters, and CEO of Girls Inc. of PNW Nadja Sailesman were also present at the event, representing two of the many academic institutions, associations, and organizations with whom Lam works closely to foster future talent and support community resilience.

A Milestone for Lam in the Silicon Forest

As one of the most tenured semiconductor companies in Oregon and a leading employer in the Portland metro area, Lam has deep roots in the Silicon Forest. Since opening its first location in Oregon in the late 1990s*, the company’s footprint in the state has expanded to locations in Hillsboro, Sherwood and Tualatin, including two manufacturing sites and a state-of-the-art research and development lab.

Tualatin R&D operations are part of Lam’s global network of cutting-edge labs that enable the semiconductor ecosystem across the U.S. and around the world.

Over the years, Lam’s Tualatin team has led the development of numerous game-changing innovations, bringing together advanced physics, material science, engineering, virtual twins and AI to develop semiconductor fabrication processes and tools that have pushed the limits of what’s possible – allowing the creation of features on chips that are over 1,000 times smaller than a grain of sand. This includes the development of the first copper plating product, SABRE®, which transformed chip production, replacing aluminum wiring in semiconductors to enable faster, smaller, and more-energy efficient chips. Later in Tualatin, Lam developed SABRE® 3D  and, most recently, VECTOR® TEOS 3D, breakthrough tools that enable the dense memory and fast interconnects required for the AI era.

Media Resources:

  • To learn more about how Lam is investing in Oregon’s talent and community, visit: Lam in the Silicon Forrest
  • Photography and b-roll from today’s ceremony will be available in the Lam Media Center following the event.

About Lam Research  

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better-performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. 

*Research and development location in Wilsonville, OR operated by Novellus Systems Inc., a company acquired by Lam Research Corp. in 2012.

Caution Regarding Forward-Looking Statements 

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to, market, industry and industry segment expectations, and our investment and expansion plans. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 29, 2025 and quarterly report on Form 10-Q for the fiscal quarter ended September 28, 2025. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this press release.

Company Contacts:

Laura Bakken

Media Relations
(510) 572-9021
[email protected] 

Ram Ganesh
Investor Relations
(510) 572-1615
[email protected]

Source: Lam Research Corporation, (Nasdaq: LRCX)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lam-research-deepens-investment-in-silicon-forest-to-accelerate-semiconductor-industry-leadership-in-the-ai-era-302623054.html

SOURCE Lam Research Corporation

Plug Power Announces Special Meeting of Stockholders and Filing of Preliminary Proxy Statement

SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG) (the “Company” or “Plug”), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will hold a Special Meeting of Stockholders (the “Special Meeting”) on January 15, 2026, at 10:00 a.m. Eastern Time. The meeting will be conducted in a virtual format only.

Purpose of the Special Meeting

At the upcoming Special Meeting, Plug will ask stockholders to approve an amendment to the Company’s charter to increase the authorized common stock from 1.5 billion to 3.0 billion shares. Plug currently has less than 0.4% of its authorized shares of common stock available for future issuance. The proposed increase, made in consultation with Institutional Shareholder Services (ISS), was based on a sizing analysis that considered projected capital requirements, upcoming contractual commitments, equity programs, and potential strategic transactions, ensuring flexibility without excess.

Plug’s stockholders will also be asked to approve an amendment to the Company’s charter to conform the Company’s charter to recent amendments in the Delaware statute. This amendment would allow a more achievable voting standard for, among other things, future amendments to increase or decrease the authorized number of shares of common stock and align the voting standard with other Delaware companies.

The Company filed a preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) on November 20, 2025. For additional information regarding these proposals, investors are urged to read the Company’s preliminary proxy statement.

Plug’s Board of Directors recommends a vote FOR each of these proposals as these are in the Company’s best interest.

Recent Business Progress and Operational Momentum

Plug continues to make meaningful progress across its business, reinforcing the Company’s position as a global leader in integrated hydrogen solutions:

  • Record Hydrogen Production. Plug’s Georgia plant delivered its best month on record in August 2025, producing 324 metric tons of hydrogen with 97% uptime and 99.7% availability, demonstrating strong performance of Plug’s end-to-end production technology.
  • Expanding Electrolyzer Deployments. Plug is advancing a multi-gigawatt electrolyzer development pipeline, with 8 GW+ of identified opportunities across Europe, Australia, the Middle East and North America, reflecting rising global demand for clean hydrogen.
  • Continued Expansion in Material-Handling Fuel Cells. Plug recently commissioned next-generation GenDrive fuel-cell systems for major logistics operators, including new deployments at Floor & Decor’s Frederickson distribution facility, reinforcing Plug’s leadership in large-scale material-handling fleets.
  • Strengthened Customer Ecosystem. Plug’s annual symposium convened industry partners including Amazon, Uline, Hy2Gen, and key energy developers, highlighting broad commercial support for Plug’s integrated hydrogen solutions.
  • Advancing Energy Transition Infrastructure. Plug is expanding hydrogen storage, delivery and fueling capabilities to support emerging industrial and data center demand, positioning the Company as a full-value-chain provider for the clean hydrogen economy.

“These proposals are essential to ensuring Plug has the resources and flexibility needed to execute on our strategy, meet contractual obligations, reward talent, and advance the hydrogen economy,” said Andy Marsh, Chief Executive Officer of Plug. “We are encouraged by the progress we’re making across production, electrolyzers, and commercial adoption, and we remain focused on driving disciplined growth and creating sustainable value for our stockholders.”

Protect Your Investment

The record date for the upcoming Special Meeting is December 4, 2025. It is important that our stockholders have the ability to vote all of their shares at the upcoming meeting. Stockholders who have pledge or loaned their shares may not be able to vote unless those shares are recalled and returned to their accounts in advance of the record date.

There is significant short interest in Plug; therefore, it is possible stockholders are not even aware that their shares had been loaned by their bank, broker or nominee. Stockholders whose shares have been lent out should instruct their bank, broker or nominee to recall their shares as soon as possible to ensure they are returned in time to be counted as of the December 4, 2025 record date.

Meeting Details

The Special Meeting is scheduled to be held on January 15, 2026 at 10:00 a.m. Eastern Time, at www.virtualshareholdermeeting.com/PLUG2026SM.

About Plug Power

Plug Power is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug Power provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications and energy producers—advancing energy independence and decarbonization at scale.

With electrolyzers deployed across five continents, Plug Power leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 72,000 fuel cell systems and 285 fueling stations and is the largest user of liquid hydrogen. Plug Power is rapidly expanding its generation network to ensure a reliable, domestically produced hydrogen supply. With plants operational in Georgia, Tennessee, and Louisiana, Plug Power’s total production capacity is now 40 tons per day.

Plug Power supports global leaders like Walmart, Amazon, Home Depot, BMW, and BP through its talented workforce and state-of-the-art manufacturing facilities around the world.

For more information, visit www.plugpower.com.

Important Additional Information and Where to Find It

For additional information regarding the proposals to be acted upon at the Special Meeting, please refer to the Company’s preliminary proxy statement. INVESTORS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain the documents free of charge at the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the Company will also be available to stockholders of the Company free of charge on Plug’s website at www.plugpower.com or by contacting: Investor Relations at Plug Power Inc., 125 Vista Boulevard, Slingerlands, NY 12159, Attn: Investor Relations.

Participants in Proxy Solicitation

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the Special Meeting. Information about the directors and executive officers of the Company is set forth in the proxy statement for the Company’s 2025 Annual Meeting of Stockholders, which was filed with the SEC on June 9, 2025, and information of their ownership of Company stock is set forth in the preliminary proxy statement.

This press release does not constitute a solicitation of any vote or approval. No proxy card, voting instruction form, or other means of voting will be accepted by Plug or any of its representatives at this time.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug, including, but not limited to, statements about Plug’s ability to execute on its business plans and strategy and statements about the Special Meeting. Such forward-looking statements can be identified by the use of words such as “will,” “may,” “believe,” “expect,” “plan,” or similar expressions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the risk that the proposals in the Special Meeting may not be approved, including risks relating to stockholder turnout, broker non-votes, and share-loan recall timing; the risk of legal proceedings that may be instituted against Plug related to the Special Meeting; risks related to the Company’s ability to achieve its business plans and growth objectives; risks related to market acceptance and adoption of hydrogen solutions; operational and execution risks; financing and liquidity risks; and other risks described in Plug’s filings with the SEC, including the “Risk Factors” section of Plug’s Annual Report on Form 10-K for the year ended December 31, 2024, the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 as well as any subsequent filings. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Plug disclaims any obligation to update forward-looking statements except as may be required by law.

Plug Media Contact:    

Teal Hoyos
[email protected]



TD Asset Management Announces the Final Valuation of Maturing ETFs

Canada NewsWire


TORONTO
, Nov. 21, 2025 /CNW/ – TD Asset Management Inc. (“TDAM”), the manager of the TD Target Maturity Bond ETFs (“Maturing ETFs”), today announced the final valuation of the Maturing ETFs that are being terminated today.

As announced on September 10, 2025, the following Maturing ETFs were voluntarily delisted from the Toronto Stock Exchange as of the market close on November 19, 2025, and are terminated effective at the close of business today. The final net asset value (“NAV”) per unit of the Maturing ETFs is as follows:


Fund Name


Fund
Ticker


Final NAV
Per Unit


Breakdown of Final NAV Per Unit


Income
Per Unit


Capital
Gain Per
Unit


Capital Per
Unit

TD Target 2025 Investment Grade
Bond ETF

TBCE

$25.43678

$0.12872

$25.30806

TD Target 2025 U.S. Investment
Grade Bond ETF

TBUE.U

$25.75111

$0.40794

$25.34317

The net assets of the Maturing ETFs will be distributed today pro rata among the remaining unitholders. No action is required by unitholders to receive the final payment.

For more information regarding TD ETFs, visit TDAssetManagement.com.

Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.

TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.

®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

About TD Asset Management Inc.

TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $527 billion in assets. Aggregate statistics are as of September 30, 2025 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.

SOURCE TD Asset Management Inc.

Smithfield Foods Donates 32,000 Pounds of Protein to Hampton Roads Foodbanks at the Mayflower Marathon

SMITHFIELD, Va., Nov. 21, 2025 (GLOBE NEWSWIRE) — Smithfield Foods donated 32,000 pounds of protein to the 29th Annual Mayflower Marathon Holiday Food and Fund Drive to support the Virginia Peninsula Foodbank and Foodbank of Southeastern Virginia and the Eastern Shore.

“Providing access to protein is a key part of our commitment to fighting hunger in the communities where we live and work,” said Jonathan Toms, senior community development manager for Smithfield Foods. “The Mayflower Marathon is a testament to the strength of our community when we unite around a shared purpose.”

Donated items include ham, sausage and bacon, and will provide 128,000 servings of food to neighbors experiencing hunger in Southeastern Virginia.

“The generous donations from Smithfield ensure that individuals and families experiencing food insecurity on the Peninsula receive much-needed proteins for their holiday table,” said Bob Latvis, president and CEO for the Virginia Peninsula Foodbank. “This and other donations from the Mayflower Marathon give everyone in our community the means to celebrate and connect with their loved ones over a filling and memorable shared meal.”

More than 20 Smithfield employees volunteered at the event by unloading and organizing donated food items.

“Smithfield’s long-standing partnership helps us keep nutritious protein available for households across our community, especially during a season when many are facing tighter budgets,” said Christopher Tan, president and CEO for the Foodbank of Southeastern Virginia and the Eastern Shore. “Their continued support strengthens our focus on healthy food access and helps ensure the warmth of holiday meals reaches every table.”

The Mayflower Marathon is a 57-hour continuous food and fund drive that brings hope and relief to many Virginians in need during the holiday season.

These donations are part of Smithfield’s commitment to fighting hunger and strengthening the communities where its employees live, work and raise their families.

Smithfield’s hunger relief program, Helping Hungry Homes®, has provided hundreds of millions of servings of protein in all 50 U.S. states since 2008. Smithfield donated more than 25 million servings of protein, valued at nearly $28 million, to food banks, disaster relief efforts and community outreach programs across the U.S. in 2024. 

To learn more about Smithfield’s initiatives to strengthen local communities, visit smithfieldfoods.com/good-is-what-we-do.

About Smithfield Foods 
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world. 

About Virginia Peninsula Foodbank 

Since 1986, Virginia Peninsula Foodbank has been leading the fight against hunger by providing healthy food access, emergency relief, education, and advocacy to families in the cities of Hampton, Newport News, Poquoson, and Williamsburg, and the counties of James City, Gloucester, Mathews, Surry, and York. Not only does the Foodbank help our neighbors in need during times of hardship, the Foodbank plays a major role in disaster relief response. With the support of over 200-member agencies and programs, the Foodbank has provided over 216 million meals to families experiencing food and nutrition insecurity. The Foodbank is a proud member of Feeding America, the Federation of Virginia Food Banks, and the United Way of the Virginia Peninsula. Virginia Peninsula Foodbank has earned a 4-star rating from Charity Navigator for 18 consecutive years. Our vision is to inspire hope by leading the effort for a hunger-free and properly nourished community. For more information, visit us online at www.hrfoodbank.org

About the Foodbank of Southeastern Virginia and the Eastern Shore

Since 1981, the Foodbank of Southeastern Virginia and the Eastern Shore has provided more than 420 million meals to neighbors in need. We serve 11 cities and counties, where one in eight residents experience food insecurity. In these communities, we play a vital role in the fight against hunger by collecting, storing, and distributing nutritious food. Beyond food access, we focus on long-term solutions by addressing the root causes of hunger and promoting self-sufficiency. Our mission is made possible by a dedicated network of volunteers, generous donors, and compassionate community partners. Together, we’re working to ensure that no one in our community goes to bed hungry. Learn more at foodbankonline.org or follow us on Facebook, Instagram, LinkedIn, X, and TikTok.

Contact:

Ray Atkinson 
Smithfield Foods
(757) 576-1383 
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67fbf7c8-46f4-4817-ad2a-9b8ba3b1c1a5