Stockwinners Market Radar for November 12, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GPI | Hot Stocks18:34 EST Group 1 Automotive announces sale of Brazil operations - Group 1 Automotive announced that its wholly-owned subsidiary GPI SA, LLC has entered into a Share Purchase Agreement with Original Holdings S.A., a sociedade por acoes incorporated in Brazil and an affiliate of Simpar S.A, a publicly listed company in Brazil, with UAB Motors Participacoes Ltda., a wholly-owned subsidiary of Group 1, as an intervening party. Pursuant to the terms and conditions set forth in the Agreement, Original will acquire 100% of the issued and outstanding equity interests of UAB from the company for BRL 510M in cash. The company has made customary representations, warranties, covenants, and indemnities relating to UAB and its business in the Agreement and the Transaction is subject to manufacturers approval. The parties anticipate closing the Transaction before the end of the second quarter of 2022. As of year-end 2020, UAB operated 17 dealerships which generated BRL 1.264B in annual revenue and retailed over 8,131 new and used vehicles, accounting for approximately 2.3% of total revenues of Group 1.
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DUOL | Hot Stocks18:28 EST Duolingo CEO: We are more of a tech company than a language company - In an interview on CNBC's Mad Money, Luis von Ahn said he sees Duolingo as an engineering and product driven company. It has been growing steadily since its launch ten years ago and is currently back to pre-Covid growth rates, he noted. According to von Ahn, the company hasn't relied on marketing, but rather word of mouth for promotion. It makes the majority of its revenue through subscriptions. He said Duolingo makes more money than other education apps and still offers the ability to learn for free.
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CHEF | Hot Stocks18:09 EST Chefs' Warehouse CEO Pappas sells 300,000 common shares - In a regulatory filing, Chefs' Warehouse president and CEO Christopher Pappas disclosed the sale of 300,000 common shares of the company on November 9 at a price of $35.32 per share.
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LIVN | Hot Stocks17:49 EST LivaNova 'strongly disagrees' with decision by Court of Appeal of Milan - LivaNova commented on the decision delivered today by the Court of Appeal of Milan for LivaNova to pay damages in the amount of EUR453M as a result of a civil action where the CoA declared LivaNova, formed through a merger with Sorin, jointly liable with SNIA, a former parent company of Sorin, for environmental liabilities incurred by SNIA's other subsidiaries. "LivaNova strongly disagrees with the decision and will vigorously pursue all available remedies, including an appeal to the Italian Supreme Court," the company said. "LivaNova filed an appeal over two years ago with the Italian Supreme Court regarding the CoA's previous decision on joint liability, though the damages decision may not be stayed pending resolution of the appeal on joint liability by the Italian Supreme Court."
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GPRE | Hot Stocks17:48 EST Green Plains director Knudsen sells 64,226 common shares - In a regulatory filing, Green Plains director Ejnar Knudsen III disclosed the sale of 64,226 common shares of the company on November 10 at a price of $39.9786 per share.
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RS | Hot Stocks17:45 EST Reliance Steel general counsel Smith sells 5,598 common shares - In a regulatory filing, Reliance Steel & Aluminum general counsel William Smith II disclosed the sale of 5,598 common shares of the company on November 9 at a price of $164.93 per share.
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ECL | Hot Stocks17:43 EST Ecolab CTO Berger sells 5,948 common shares - In a regulatory filing, Ecolab executive VP and CTO Larry Berger disclosed the sale of 5,948 common shares of the company on November 9 at a price of $230.874 per share.
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CYXT... | Hot Stocks17:31 EST Jeffrey Smith's Starboard Value buys Huntsman, exits Offerpad in Q3 - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of September 30, 2021. The fund's 23 new buys during the third quarter included, by size of position, Huntsman (HUN), Cyxtera Technologies (CYXT), Bird Global (BRDS), 890 5th Avenue Partners (ENFA), and VPC Impact Acquisition Holdings III (VPCC). Starboard exited 30 holdings during the quarter, including by size of previous position iShares Russell 2000 Value ETF (IWN), Khosla Ventures Acquisition Co. III (KVSC), Roivant Sciences (ROIV), Sarcos Technology & Robotics (STRC), and Offerpad Solutions (OPAD). The fund increased its stake in 12 holdings, including by size of previous position iShares Russell 2000 ETF (IWM), Austerlitz Acquisition Corp. I Class A (AUS), MedTech Acquisition Corp. (MTAC), Nextdoor (KIND), and L&F Acquisition Corp. Class A (LNFA). Starboard reduced its stake in 13 holdings, including by size of previous position Mednax (MD), Box (BOX), Corteva (CTVA), iShares Russell Mid-Cap ETF (IWR), and Elanco Animal Health (ELAN). The fund's top holdings as of September 30, in order of size, were Aecom (ACM), NortonLifeLock (NLOK), Corteva, ON Semiconductor (ON), and Papa John's (PZZA).
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MRNA AZN | Hot Stocks17:25 EST Moderna reports interim data from Phase 1 clinical study of mRNA-2752 - Moderna announced interim data from an ongoing Phase 1 clinical study of mRNA-2752 (Triplet) in patients with accessible solid tumors and lymphomas. The data showed that the company's mRNA Triplet program given in combination with AstraZeneca's (AZN) durvalumab was tolerated at all dose levels tested and elicited evidence of anti-tumor activity. The recommended dose for expansion is up to of 8mg mRNA-2752 + durvalumab. "We are encouraged by the interim data from our Triplet program, which combines three mRNAs into one therapy injected directly into the tumor. Our intratumoral mRNA technology allows for the delivery of mRNAs encoding for multiple proteins that act locally to modulate the tumor microenvironment, without systemic toxicity," said Praveen Aanur, M.D., Vice President, Therapeutic Area Head for Oncology Development at Moderna. "These interim results demonstrate the potential role of immune modulation on clinical outcomes and we look forward to full results from the dose expansion arm of the study."
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CBT | Hot Stocks17:16 EST Cabot raises quarterly dividend 6% to 37c per share - The board of directors of Cabot Corporation declared a quarterly dividend of 37c per share on all outstanding shares of the Corporation's common stock. The dividend is payable on December 10, 2021, to stockholders of record at the close of business on November 26, 2021. This represents a 6% increase from the previous dividend. "Our longstanding history of consistently paying dividends for over 50 years is a source of great pride for us, and this decision further affirms our continued commitment to provide value to our shareholders," said Sean Keohane, President and Chief Executive Officer of Cabot Corporation. "The decision to increase the dividend demonstrates the Board's confidence in our ability to generate strong cash flow to fund high confidence growth investments and return cash to shareholders through a competitive dividend."
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DLTR | Hot Stocks17:14 EST Mantle Ridge reports 5.7% stake in Dollar Tree, may seek talks - In a regulatory filing, Mantle Ridge disclosed a 5.7% stake in Dollar Tree, representing 12,729,873 shares. The hedge fund said in the filing, which allows for activism, that it believes the shares are undervalued and intends to have conversations, meetings and other communications with certain members of the company's board of directors and management team, stockholders and other persons, in each case to discuss the company's business, operations, strategies, governance, the composition of the executive suite and board and possibilities for changes thereto, as well as other matters related to Dollar Tree.
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HRC... | Hot Stocks17:10 EST Soros Fund buys Hill-Rom, exits Wayfair in Q3 - George Soros' Soros Fund Management dislcosed in an SEC filing its holdings as of September 30, 2021. The fund's 65 new buys during the third quarter included, by size of position, Hill-Rom (HRC), JPMorgan (JPM), UnitedHealth (UNH), Coupang (CPNG), and EQT Corp. (EQT). Soros Fund exited 57 positions during the quarter, including by size of previous position Otis Worldwide (OTIS), QuantumScape (QS), Clarivate (CLVT), IFF (IFF), and Wayfair (W). The fund increased its stake in 30 holdings, including by size of previous position IHS Markit (INFO), Nuance Communications (NUAN), PPD Inc. (PPD), Aramark (ARMK), and Salesforce.com (CRM). Soros reduced its stake in 19 holdings, including by size of previous position Figs Class A (FIGS), Invesco QQQ Trust Series 1 (QQQ), Activision Blizzard (ATVI), Magellan Health (MGLN), and Elanco Animal Health (ELAN). The fund's top holdings as of September 30, in order of size, were Liberty Broadband Class C (LBRDK), DR Horton (DHI), Invesco QQQ Trust Series 1, Amazon (AMZN), and IHS Markit.
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JHG... | Hot Stocks17:04 EST Peltz's Trian Fund buys GE, cuts Sysco in Q3 - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of September 30, 2021. The fund increased its stake in two holdings in the third quarter, including by size of previous position Janus Henderson (JHG) and General Electric (GE). Trian decreased its stake in six holdings, including by size of previous position Sysco (SYY), Wendy's (WEN), Mondelez (MDLZ), Comcast Class A (CMCSA), and Ferguson (FERG). The fund's top holdings as of September 30, in order of size, were Ferguson, Comcast Class A, Sysco, Janus Henderson, and Invesco (IVZ).
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TAL | Hot Stocks17:03 EST TAL Education to cease offering K9 Academic AST Services by year-end - TAL Education provided updates on the company's business operations in response to the recent regulatory developments relating to after-school tutoring services, including the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council and the related implementation rules, regulations and measures promulgated by competent authorities. In compliance with the Opinion and applicable rules, regulations and measures, the company plans to cease offering academic subjects to students from kindergarten through grade nine in the mainland of China by the end of December 2021. The company expects that the cessation will have a substantial adverse impact on the company's revenues for the fiscal year ending February 28, 2022 and subsequent periods. In the fiscal year ended February 28, 2021, the revenues from offering K9 Academic AST Services accounted for a substantial majority of the company's total revenues in the year. By leveraging its leading-edge education technology, high quality content and extensive experience, TAL will continue to operate and develop the portion of its business that is not related to K9 Academic AST Services, and will also explore other opportunities to provide education services in accordance with relevant rules and regulations. The company will continue to seek guidance from and cooperate with government authorities in various provinces and municipalities in China in connection with its efforts to comply with the policy directives in the Opinion and any related implementation rules, regulations and measures. The company will further adjust its business operations as required, and update its shareholders as appropriate.
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RGNX | Hot Stocks16:34 EST Regenxbio reports additional positive interim data from trials of RGX-314 - Regenxbio announced additional positive interim data from the ongoing Phase II AAVIATE trial and the ongoing Phase II ALTITUDE trial of RGX-314 using in-office suprachoroidal delivery for the treatment of wet age-related macular degeneration and diabetic retinopathy without center-involved diabetic macular edema, respectively. The results were presented at the American Academy of Ophthalmology 2021 Annual Meeting by Robert L. Avery, M.D., Founder of California Retina Consultants and Research Foundation. "We are pleased to share this initial data from Cohort 2 of the AAVIATE trial which provides encouraging evidence of the emerging clinical profile of RGX-314 for the treatment of wet AMD using suprachoroidal delivery. In the data reported today, RGX-314 was observed to be well tolerated in Cohort 2, with stable visual acuity and retinal thickness as well as a meaningful reduction in anti-VEGF treatment burden at six months," said Steve Pakola, M.D., Chief Medical Officer of REGENXBIO. "We look forward to providing additional updates from the program." "These initial results from patients in Cohort 2 of the AAVIATE trial at six months after suprachoroidal administration of RGX-314 reinforce the potential impact that RGX-314 could have on the overall clinical management of patients with wet AMD," said Dr. Avery. "I am encouraged by the six-month data in Cohort 2 and look forward to reviewing further data from Cohorts 1-3 and from the higher dose level in Cohorts 4 and 5."
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TMO | Hot Stocks16:33 EST Thermo Fisher to build manufacturing facility in Mebane - Thermo Fisher announced it will build a manufacturing facility in Mebane, North Carolina. The site is part of a recently announced co-investment with the U.S. government - a $192.5M contract in coordination with the U.S. Department of Health and Human Services, or HHS, to ensure domestic supply of critically needed laboratory pipette tips. Thermo Fisher currently employs approximately 4,000 colleagues across seven sites in N.C., including a center of excellence for laboratory equipment in Asheville, three life sciences and chemical manufacturing sites in Durham, pharmaceutical manufacturing sites in Greenville and High Point, and a Raleigh distribution center. The Mebane site is expected to create 150-200 new jobs in manufacturing, engineering and business operations jobs.
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SPGI INFO | Hot Stocks16:32 EST S&P Global, IHS Markit merger receives conditional DOJ approval - S&P Global (SPGI) and IHS Markit (INFO) announced that they have reached a proposed agreement with the Antitrust Division of the U.S. Department of Justice that permits the companies to proceed with their $44B combination. Consistent with the commitments both companies have made to obtain regulatory approval in other jurisdictions, the proposed agreement with the DOJ requires the companies to divest IHS Markit's Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses. The companies previously announced an agreement to sell these businesses to News Corp. The proposed agreement with the DOJ, which remains subject to court approval, does not require the companies to make any additional divestitures. Subject to the receipt of remaining regulatory approvals and satisfaction or waiver of specified closing conditions, S&P Global and IHS Markit continue to expect the merger to close in the first quarter of 2022.
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LPI | Hot Stocks16:23 EST Laredo Petroleum CEO Pigott sells 13,400 common shares - In a regulatory filing, Laredo Petroleum president and CEO Jason Pigott disclosed the sale of 13,400 common shares of the company on November 9 at a price of $72.60 per share.
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STC | Hot Stocks16:17 EST Stewart to acquire PropStream for $175M - Stewart Information Services announced its entry into an agreement to acquire PropStream, a company in residential real estate data and analytics for investors, realtors, real estate agents, brokers and lenders. Since its founding more than fifteen years ago, PropStream has been an innovator in aggregating and standardizing property data and delivering value-added solutions to its customers through a single digital point of access. The purchase price is $175M and will be funded with available company resources. The company expects to close the transaction on Monday, November 15. The transaction is immediately accretive. PropStream will continue operating as a standalone company.
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JMP | Hot Stocks16:16 EST JMP Group announces shareholder approval of merger - JMP Group LLC announced that the company's shareholders have approved at the special meeting of its shareholders held today all proposals related to JMP Group's previously announced Agreement and Plan of Merger, dated as of September 8, 2021, among Citizens Financial Group, Jolt Acquisition LLC, a Delaware limited liability company and a wholly-owned subsidiary of Citizens, and JMP Group, as well as the transactions contemplated by the merger agreement, including the merger of Merger Sub with and into JMP Group. Approximately 68% of the votes cast at the Special Meeting voted to approve the merger. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The closing of the merger is anticipated to take place on November 15, 2021, subject to the satisfaction of certain customary closing conditions or the waiver thereof.
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REGN | Hot Stocks16:12 EST Regeneron announces $3B share repurchase program - Regeneron announced that its Board of Directors authorized a share repurchase program of up to $3B of the company's outstanding common stock. The program has no time limit and can be discontinued at any time. No shares have been repurchased under the program to date. As of November 12, $1.8M remained available for share repurchases under the prior $1.5B share repurchase program authorized in January 2021.
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ALEX | Hot Stocks16:04 EST Alexander & Baldwin sells Kukui'ula residential development - Alexander & Baldwin announced it has sold its Kukui'ula residential development on the island of Kaua'i. A&B and its development partner, DMB Development, completed the sale to Denver-based Brue Baukol Capital Partners. BBCP now assumes the role of master developer of the community. A&B and DMB formed a partnership in 2002 for purposes of planning and developing the 1,000-acre resort community on Kaua'i's south shore.
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CELH | Hot Stocks15:48 EST Celsius Holdings says received subpoena from SEC in August - In a regulatory filing, Celsius Holdings stated: "On January 8, 2021, we received a letter from the SEC Division of Enforcement seeking the production of documents in connection with a non-public fact-finding inquiry by the SEC to determine whether violations of the federal securities laws have occurred. On August 20, 2021, the SEC issued a subpoena for production of documents in connection with the matter. Neither the January 8, 2021 SEC letter nor the August 20, 2021 subpoena means that the SEC has concluded that the company or anyone else has violated the federal securities laws. We have cooperated and will continue to cooperate with the SEC staff in its investigation. At this time, however, we cannot predict the length, scope, or results of the investigation or the impact, if any, of the investigation on our results of operations."
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DKNG | Hot Stocks15:16 EST DraftKings Sportsbook at Foxwoods in COnnecticut to open November 13 - Foxwoods Resort Casino and DraftKings announced that the new DraftKings Sportsbook at Foxwoods will open on Saturday, November 13. The new space will replace the temporary location that premiered in September. This opening comes after the launch of online sports betting and iGaming in Connecticut. Located within Foxwoods in the Great Cedar area of the resort, the new two-story, 12,000-plus square foot sportsbook will be a place to bet, dine, game and experience teams across professional and collegiate sports. Fans will be able to place live bets via windows and kiosks.
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BMY AMGN | Hot Stocks15:11 EST FTC approves modifications to Bristol-Myers divestiture agreement - The Federal Trade Commission has approved certain modifications to Bristol Meyers Squibb's (BMY), or BMS's, divestiture agreements that the FTC approved and incorporated into its order as part of a consent that was required when BMS acquired Celgene in 2019. The modifications relate to certain confidential provisions of the divestiture agreements and are necessary to ensure that Amgen (AMGN) continues as a viable competitor with the Otezla product. As a condition of BMS's acquisition of Celgene, the FTC required BMS to divest to Amgen the psoriasis treatment drug, Otezla. The $13.4B divestiture settled FTC charges that BMS's proposed $74B acquisition of Celgene would violate federal antitrust law. The Commission initially voted 3-2 to approve the final order in November 2019. The Commission's initial vote to issue the complaint and accept the proposed consent order was 3-2, it noted. Reference Link
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SONY... | Hot Stocks14:20 EST Sony has PlayStation 5 gamers have played over 4.6B hours in first year - Sony (SONY) in a blog post celebrated the one-year anniversary of the launch of the PlayStation 5, saying that PS5 gamers have so far collectively played more than 4.6B hours of gameplay on PS5 and broadcast more than 26M hours of content. The top ten PS5 games played during PS5's first year, based on gameplay hours, were Epic Games' "Fortnite," Activision's (ATVI) "Call of Duty: Black Ops Cold War," EA's (EA) "FIFA 21," Take-Two's (TTWO) "NBA 2K21," Ubisoft's (UBSFY) "Assassin's Creed Valhalla," Bungie's "Destiny 2," "MLB The Show 21," "Marvel's Spider-Man: Miles Morales," "Demon's Souls," and "NBA 2K22." Investors in Epic Games include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony. Reference Link
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CONE | Hot Stocks13:21 EST CyrusOne up 2% to $84.24 after WSJ says near takeover deal
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CBSH | Hot Stocks13:06 EST Commerce Bancshares board approves 5% stock dividend - Commerce Bancshares announced that its Board of Directors approved a 5% common stock dividend payable on December 17, 2021 to shareholders of record at the close of business on December 2, 2021. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2021. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date. The Board of Directors also declared a quarterly dividend of 26.25c per share on the company's common stock payable December 17, 2021, to stockholders of record at the close of business on December 2, 2021.
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BKR | Hot Stocks13:02 EST Baker Hughes reports U.S. rig count up 6 to 556 rigs - Baker Hughes reports that the U.S. rig count is up 6 from last week to 556 with oil rigs up 4 to 454, gas rigs up 2 to 102, and miscellaneous rigs unchanged at 0. The U.S. Rig Count is up 244 rigs from last year's count of 312, with oil rigs up 218 gas rigs up 29 and miscellaneous rigs down 3. The U.S. Offshore Rig Count is up 2 to 15, up 2 year-over-year. The Canada Rig Count is up 8 from last week to 168, with oil rigs up 6 to 101, gas rigs up 2 to 67. The Canada Rig Count is up 79 rigs from last year's count of 89, with oil rigs up 62, gas rigs up 17.
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BKR | Hot Stocks13:01 EST Baker Hughes reports U.S. rig count up 6 to 556 rigs
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UAL | Hot Stocks13:01 EST United Airlines adds 44 flights to Las Vegas ahead of CES 2022 - United Airlines is expanding its schedule to make it easier for CES 2022 attendees to join the in-person show in Las Vegas. The airline is adding 14 new direct flights in early January between Las Vegas and San Jose, Calif., Boston, Fort Lauderdale, and Orlando, and is also adding 30 flights from its hub airports in San Francisco, Los Angeles, New York/Newark, and Washington D.C./Dulles. This represents a capacity increase of 37% compared to its usual January schedule to Las Vegas. "The return of in-person conferences and events is a very positive sign in the pandemic recovery, and United is uniquely positioned to capitalize on this increase in demand," said Ankit Gupta, senior vice president of Domestic Planning and United Express. "We're adding about 80% of the capacity we did for CES in 2020, demonstrating that business travel is on the rebound and our customers are eager to reunite with clients and colleagues." Between Oct. 27 and Nov. 9, searches on United.com for flights to Las Vegas during CES 2022 were up 70% compared to the prior two-week period. And according to a recent survey of United's business customers, nearly 20% say they expect travel to meetings and conferences will exceed pre-pandemic levels in 2022. United will fly 81 flights into Las Vegas during the peak arrival days of January 3-4, and 109 flights on the peak departure days of January 8-10.
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WASH | Hot Stocks13:00 EST Washington Trust authorizes repurchase of up to 850,000 shares - Washington Trust Bancorp, Inc. announced that the Corporation's Board of Directors adopted a stock repurchase program, which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of the Corporation's common stock. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The Stock Repurchase Program expires on December 31, 2022 and may be modified, suspended, or discontinued at any time. The Corporation had approximately 17.3 million shares outstanding as of October 31, 2021.
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ADTN | Hot Stocks12:10 EST Adtran reports start of acceptance period of takeover offer for ADVA Optical - Acorn HoldCo, a wholly-owned subsidiary of ADTRAN, published the offer document for the voluntary public takeover offer to all shareholders of ADVA Optical Networking SE for the exchange of all ADVA shares for Acorn HoldCo shares. ADTRAN and ADVA intend to combine the two companies and create a global, scaled provider of end-to-end fiber networking solutions for communications service provider, enterprise, and government customers. Upon completion of the business combination, Acorn HoldCo is expected to become the holding company for both ADTRAN and ADVA. As of today, ADVA shareholders can accept the Offer by tendering their ADVA shares at the exchange ratio of 0.8244 Acorn HoldCo common shares in exchange for each ADVA share. ADTRAN Chairman and CEO Tom Stanton stated, "We are excited that we have received approval from BaFin and can now move forward with the launch of our offer. We are hopeful that ADVA shareholders will quickly embrace this offer, not only for the premium it provides but for the long-term potential resulting from this combination of two innovative, industry-leading companies."
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FSM | Hot Stocks12:00 EST Fortuna Silver Mines falls -15.7% - Fortuna Silver Mines is down -15.7%, or -78c to $4.17.
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NTCO | Hot Stocks12:00 EST Natura &Co falls -19.6% - Natura &Co is down -19.6%, or -$2.90 to $11.85.
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FXLV | Hot Stocks12:00 EST F45 Training falls -22.4% - F45 Training is down -22.4%, or -$3.59 to $12.42.
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FTCH | Hot Stocks12:00 EST Farfetch rises 18.3% - Farfetch is up 18.3%, or $7.20 to $46.61.
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XPOF | Hot Stocks12:00 EST Xponential Fitness rises 19.4% - Xponential Fitness is up 19.4%, or $3.78 to $23.31.
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RGS | Hot Stocks12:00 EST Regis rises 19.7% - Regis is up 19.7%, or 59c to $3.58.
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BTC... | Hot Stocks11:59 EST SEC rejects VanEck's proposal for spot bitcoin ETF - The U.S. Securities and Exchange Commission has rejected an effort to list a spot bitcoin exchange-traded fund proposed by VanEck, according to an SEC notice. "This order disapproves the proposed rule change," the SEC said. "The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission's Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), in particular, the requirement that the rules of a national securities exchange be 'designed to prevent fraudulent and manipulative acts and practices' and 'to protect investors and the public interest.'" Reference Link
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LNC | Hot Stocks11:04 EST Lincoln National board boosts buyback authorization to $1.5B - Lincoln Financial Group announced that the board of directors of Lincoln National Corporation has authorized an increase to the company's securities repurchase authorization, bringing the total aggregate authorization to $1.5B. This authorization provides additional capacity to execute our previously communicated plans for incremental and ongoing share repurchases as well as debt paydown, which management discussed on the call related to the reinsurance transaction with Resolution Life held on September 17, 2021 and on the company's third quarter earnings call held on Thursday, November 4, 2021.
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DIS | Hot Stocks10:49 EST Disney announces new Text-to-Speech voices available in Tik Tok - The official Twitter account of Disney's streaming service, Disney+, tweeted this morning in conjunction with the company's Disney+ Day event: "*yells in Chewbacca* Cheering megaphoneEar New Text-to-Speech voices ft. some of your favorite characters are available now on @TikTok ! To unlock them, discover the mystery keywords." Reference Link
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TSLA | Hot Stocks10:48 EST Tesla CEO Musk sells additional 639,737 shares - Tesla CEO Elon Musk this morning disclosed the sale of an additional 639,737 shares of the automaker for about $687M. This brings the total Tesla stock sales by Musk this week to about $5.7B. Tesla in morning trading is down $18.24 to $1,045.27.
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PARR | Hot Stocks10:45 EST Par Pacific announces up to $50M share repurchase program - Par Pacific disclosed that its board authorized and approved a share repurchase program for up to $50M of the currently outstanding shares of its common stock. The share repurchase program does not have a specified end date and may be limited or terminated at any time without prior notice.
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TSLA | Hot Stocks10:39 EST Tesla CEO Musk sells additional 639,737 of shares - Tesla CEO Elon Musk this morning disclosed the sale of an additional 639,737 shares of the automaker for about $687M. This brings the total Tesla stock sales by Musk this week to about $5.7B. Tesla in morning trading is down $18.24 to $1,045.27.
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MSGE | Hot Stocks10:34 EST MSG Entertainment names Jamal Haughton EVP, general counsel - Madison Square Garden Entertainment Corp. announced that Jamal Haughton has been named Executive Vice President and General Counsel, effective December 6. Haughton will serve as the company's chief legal officer, working closely with MSG Entertainment's executive leadership to support the company's long-term direction and growth. In his role, Haughton will serve as head of the company's Legal department, and will oversee all legal functions across a broad range of disciplines including corporate, commercial, transactional, litigation, and regulatory matters.
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UBSFY... | Hot Stocks10:26 EST Ubisoft's 'Far Cry 6' debuts as October's best-selling game in U.S., says NPD - NPD analyst Mat Piscatella said that Ubisoft's (UBSFY) "Far Cry 6" debuted as October's best-selling game in the U.S., instantly becoming the 8th best-selling game of 2021 to date. "Far Cry 6" ranked 1st on both PlayStation (SONY) and Xbox (MSFT) platforms in October. Warner Bros. Interactive's (T) "Back 4 Blood" was October's #2 best-selling game, also ranking 2nd on both PlayStation and Xbox platforms. Nintendo's (NTDOY) "Metroid Dread" debuted as October's #3 best-selling game, while also ranking 1st on Switch. "Metroid Dread" achieved the highest launch month sales of any "Metroid" franchise release in tracked history. Other games in the top ten for October U.S. sales include EA's (EA) "Madden NFL 22," "NHL 22," and "FIFA 22," Sega's (SGAMY) "Demon Slayer," Square Enix's (SQNXF) "Marvel's Guardians of the Galaxy," Nintendo's "Mario Party Superstars," and Take-Two's (TTWO) "NBA 2K22." Other companies in the video game software space include Activision Blizzard (ATVI), Capcom (CCOEY), and Tencent (TCEHY). Reference Link
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RHHBY REGN | Hot Stocks10:24 EST Roche announces Ronapreve approved by EC to treat, prevent COVID-19 - Roche (RHHBY) announced that the European Commission has granted a marketing authorization for Ronapreve, casirivimab and imdevimab, for treating COVID-19 in adults and adolescents from 12 years of age and weighing at least 40 kilograms who do not require supplemental oxygen and who are at increased risk of their disease becoming severe, and for preventing COVID-19 in people aged 12 years and older weighing at least 40 kilograms. This decision follows one day after the positive opinion by the European Medicines Agency's Committee for Medicinal Products for Human Use, "reflecting the EMA and the European Commission's priority to shorten review timelines for safe, effective and high-quality therapeutics during the COVID-19 public health emergency," the company said. "We welcome this quick approval from the European Commission, which adds to the growing number of health authorities that recognize Ronapreve as an important therapy for the treatment and prevention of COVID-19. Although vaccinations are increasing globally, Europe is entering a fourth wave of rising cases and treatment options for the full range of disease severity and variants of concern are still needed. We look forward to working with additional global regulatory bodies as we continue to tackle COVID-19 together," added Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development. Ronapreve, being jointly developed by Roche and Regeneron (REGN), is currently available in nearly 50 countries via bilateral purchase agreements across many geographies and economies, including lower middle-income countries.
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NTDOY... | Hot Stocks10:22 EST U.S. video game spending grew 16% y/y in October, says NPD - NPD analyst Mat Piscatella said that October 2021 consumer spending across video game hardware, content and accessories in the U.S. grew 16% vs YA, reaching an October record $4.4B. Year-to-date consumer spending reached $46.7B, gaining 12% when compared to the same period in 2020. Hardware dollar sales gained 82% compared to a year ago, helping lead the market to 16% total YoY growth. Content was also strong - double-digit percentage gains were achieved across all content segments in October vs YA. October video game hardware dollar sales increased 82% when compared to October 2020, to $472M. Year-to-date hardware spending has increased 53% when compared to the same period a year ago, reaching $3.9B. The Nintendo Switch (NTDOY) was the best-selling hardware platform of October in both units and dollars, aided by the launch of the Nintendo Switch - OLED Model. Sony's (SONY) PlayStation 5 remains the best-selling hardware platform of 2021 year-to-date in dollars, while Nintendo Switch leads in units. Microsoft (MSFT) is also a publicly traded company in the gaming hardware space. Reference Link
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REGN | Hot Stocks10:21 EST Regeneron reports EC approves antibody cocktail to treat, prevent COVID-19 - Regeneron Pharmaceuticals announced that the European Commission has approved the casirivimab and imdevimab antibody cocktail, known as REGEN-COV in the U.S. and Ronapreve in the European Union and other countries. The EC granted marketing authorization for the antibody cocktail for people aged 12 years and older for the treatment of non-hospitalized patients with confirmed COVID-19 who do not require oxygen supplementation and who are at increased risk of progressing to severe COVID-19, and to prevent COVID-19. This decision follows yesterday's positive opinion by the European Medicines Agency's Committee for Medicinal Products for Human Use, or CHMP, Regeneron noted.
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FXLV | Hot Stocks10:00 EST F45 Training falls -11.2% - F45 Training is down -11.2%, or -$1.79 to $14.22.
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NETI | Hot Stocks10:00 EST Eneti falls -12.3% - Eneti is down -12.3%, or -$1.25 to $8.95.
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NTCO | Hot Stocks10:00 EST Natura &Co falls -16.3% - Natura &Co is down -16.3%, or -$2.40 to $12.34.
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TISI | Hot Stocks10:00 EST Team warns of 'substantial doubt about ability to continue as going concern' - The company said: "Revenues during the three months ended Sept. 30, 2021 did not meet the company's expectations. TEAM has suffered recurring losses and reductions in activities which has put pressure on the company's near-term liquidity needs. Subsequent to quarter-end, TEAM had limited borrowing capacity to fund its increasing working capital needs. The company's borrowing capacity and cash are not expected to be sufficient to fund its planned operations for at least twelve months beyond the date of its financial statements for the third quarter of 2021, which raises doubt about the company's ability to continue as a going concern. Management evaluated its current financial condition and liquidity sources, including current cash balances, forecasted cash flows, the company's obligations due within twelve months of the date its financial statements for third quarter of 2021 are issued and its debt obligations in evaluating TEAM's ability to continue as a going concern. While TEAM has taken actions to address its near-term liquidity needs by reducing costs, improving operations, and entering into a new subordinated term loan, management has concluded that there is substantial doubt about the ability for the company to continue as a going concern for at least twelve months following the date our financial statements for the third quarter of 2021 are issued."
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XPOF | Hot Stocks10:00 EST Xponential Fitness rises 12.9% - Xponential Fitness is up 12.9%, or $2.51 to $22.04.
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RLX | Hot Stocks10:00 EST RLX Technology rises 16.3% - RLX Technology is up 16.3%, or 73c to $5.22.
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FTCH | Hot Stocks10:00 EST Farfetch rises 16.6% - Farfetch is up 16.6%, or $6.54 to $45.95.
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L | Hot Stocks09:55 EST Delaware Court says Loews breached the Boardwalk partnership agreement - Loews announced that the Delaware Court of Chancery issued a ruling in the class action litigation relating to its 2018 acquisition of the minority limited partner interests in its Boardwalk Pipelines subsidiary. The Court held that Loews breached the Boardwalk partnership agreement and awarded the class of former Boardwalk unitholders approximately $690M, plus interest. "We are disappointed in the Court's ruling today, and believe that the Court misinterpreted both the factual underpinnings of the case as well as the applicable law," said James Tisch, President and CEO of Loews. "We intend to appeal the ruling."
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INTZ | Hot Stocks09:52 EST Intrusion names Tony Scott as president and CEO, effective November 15 - Intrusion on Thursday appointed Tony Scott as its new President and CEO, who will assume the role on Monday, November 15, 2021. Prior to his appointment, Scott had been serving as the founder and CEO of the TonyScottGroup, LLC., a Washington DC and Silicon Valley-based consulting and venture capital firm focused on early-stage cybersecurity and privacy technologies. "We are pleased to welcome Tony to INTRUSION and believe his unparalleled expertise, decades of executive leadership and highly regarded reputation will provide significant benefit to the Company at this critical stage of our evolution," said INTRUSION's Chairman, Tony LeVecchio.
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ZVIA | Hot Stocks09:47 EST Zevia falls -10.5% - Zevia is down -10.5%, or -$1.18 to $10.11.
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NETI | Hot Stocks09:47 EST Eneti falls -12.3% - Eneti is down -12.3%, or -$1.25 to $8.95.
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NTCO | Hot Stocks09:47 EST Natura &Co falls -14.1% - Natura &Co is down -14.1%, or -$2.08 to $12.66.
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XPOF | Hot Stocks09:47 EST Xponential Fitness rises 17.7% - Xponential Fitness is up 17.7%, or $3.45 to $22.98.
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FTCH | Hot Stocks09:47 EST Farfetch rises 17.9% - Farfetch is up 17.9%, or $7.07 to $46.48.
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RLX | Hot Stocks09:47 EST RLX Technology rises 22.0% - RLX Technology is up 22.0%, or 99c to $5.48.
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SEIC | Hot Stocks09:38 EST SEI Investments acquires Novus Partners, terms not disclosed - SEI announced the acquisition of Novus Partners, a global portfolio intelligence platform company, designed to expand SEI's capabilities for both the institutional investor and investment management markets. SEI provides services across the continuum of institutional investors, ranging from those with internal investment operations to those that outsource investment implementation. SEI's Enhanced CIO Platform supports investment teams and following the acquisition of Novus, SEI intends to enhance its current offering by integrating Novus' global portfolio intelligence tool, now branded as SEI Novus, with SEI's comprehensive investment intelligence and processing capabilities. SEI Novus will continue to provide asset managers with advanced portfolio intelligence, analytics and reporting technology in an effort to improve their overall investment programs and to allow them to share data and intelligence with large institutional investors and asset owners.
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GASS | Hot Stocks09:27 EST StealthGas announces record date for distribution of Imperial Petroleum shares - StealthGas announced that the record date for the spin-off distribution of common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares of Imperial Petroleum Inc., the newly formed subsidiary that will act as the holding company for its four tanker vessels, is November 23, 2021. StealthGas stockholders will receive one Imperial Petroleum common share and one Imperial Petroleum Series A Preferred Share for every eight shares and forty-eight shares, respectively, of StealthGas common stock owned at the close of business on November 23, 2021. The distribution is expected to be made on or about December 3, 2021. Fractional common shares and fractional Series A Preferred Shares will not be distributed. Instead, the distribution agent will aggregate fractional common shares and fractional Series A Preferred Shares, respectively, into whole shares, sell such whole shares in the open market at prevailing rates promptly after our common shares and Series A Preferred Shares, respectively, commence trading on the Nasdaq Capital Market, and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares or fractional Series A Preferred Shares, as applicable, in the distribution. Shares of StealthGas Inc. common stock will trade with due bills from the Record Date through and including the Distribution Date. Accordingly, shareholders of StealthGas Inc. as of the Record Date must continuously hold such shares of StealthGas Inc. common stock through and including the Distribution Date in order to receive shares of Imperial Petroleum Inc. in the spin-off. The spin-off transaction is expected to be completed on or around December 3, 2021, and remains subject to Imperial Petroleum Inc.'s registration statement on Form F-1 being declared effective by the Securities and Exchange Commission and the approval of the listing of Imperial Petroleum Inc.'s common shares and Series A Preferred Shares on the Nasdaq Capital Market.
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WERN | Hot Stocks09:23 EST Werner board approves stock repurchase program of up to 6M shares - The Board approved a new stock repurchase program under which Werner is authorized to repurchase up to 6 million shares of its common stock. Upon approval of the new program, the Board withdrew the previous stock repurchase authorization, which had approximately 1.5 million shares remaining available for repurchase. Werner may repurchase stock from time to time depending on market, economic and other factors. The new authorization will continue in the future, unless withdrawn by the Board.
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JNJ | Hot Stocks09:18 EST J&J understands 'historical significance' of separation, CEO Gorsky says
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RIVN TSLA | Hot Stocks09:18 EST On Rivian, Musk says 'true test' is high production, cash flow breakeven - In response to a tweet about Rivian Automotive's (RIVN) $100B market capitalization, Tesla (TSLA) CEO Elon Musk said via Twitter, "I hope they're able to achieve high production & breakeven cash flow. That is the true test. There have been hundreds of automotive startups, both electric & combustion, but Tesla is only American carmaker to reach high volume production & positive cash flow in past 100 years."
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JNJ | Hot Stocks09:17 EST Johnson & Johnson has appetite for tuck-in M&A deals - Comments taken from J&J's conference call discussing its split into two companies.
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CYTO | Hot Stocks09:14 EST Altamira announces efficacy data from Bentrio nasal spray against Delta variant - Altamira Therapeutics announced efficacy data from testing its Bentrio nasal spray in vitro against the Delta variant of the SARS-CoV-2 virus. Bentrio is a drug-free nasal spray for protection against airborne viruses and allergens, which has previously shown positive outcomes in a test against the Alpha variant of the virus. For the Delta variant study, Bentrio or saline control were applied in the same type of assay either prophylactically 10 minutes prior to or therapeutically 24 hours following viral inoculation of reconstituted nasal epithelium cells from human donors, followed by once daily application for four days. In saline-treated control cultures, SARS-CoV-2 replicated efficiently, resulting in a rapid increase in viral titer. In contrast, at Days 3 and 4 both prophylactic and therapeutic treatment with Bentrio resulted in significantly lower virus titers, reaching 83% when the application was started prior to infection, and 69% to 85% when the application was initiated only when the infection was already ongoing. As previously reported, Altamira plans to further confirm Bentrio's efficacy and safety in a COVID-19 clinical trial. While awaiting study approval by the Drugs Controller General of India, Altamira is also preparing for the conduct of another trial, which may be conducted in lieu of or in combination with the planned trial in India.
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TNYBF BJRI | Hot Stocks09:14 EST Tinley Beverage Company to produce beverages for Soma Beverage - The Tinley Beverage Company (TNYBF) announces that Soma Beverage Company's non-alcoholic craft-style "Hoppin' High Ride", developed in collaboration with the brew masters at BJ's Restaurants (BJRI), will be produced without preservatives through a new closed-loop cannabis infusion and pasteurization process at Tinley's Long Beach facility. "We are delighted to be on the road to producing Soma's 'High Ride' at Lakewood," said Richard Gillis, President and COO, Tinley USA, Office of the CEO. "This innovative partnership between Soma and BJ's taps several new capabilities in our facility, including closed-loop intake and infusion, tunnel pasteurization to avoid added preservatives, and exacting control of product specifications--all to help ensure consistent craft quality, THC potency and performance, and overall taste experience."
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AYRWF | Hot Stocks09:10 EST Ayr Wellness opens new dispensary in Montgomeryville, Pennsylvania - Ayr Wellness announced the opening of Ayr Wellness Montgomeryville, the company's seventh affiliated dispensary operating in the Commonwealth of Pennsylvania. Jonathan Sandelman, Founder, Chairman and CEO of Ayr, said, "We continue to appreciate the warm reception that we've received from Pennsylvania's patient community, a particularly discerning group with a keen understanding of quality. We consistently strive to deliver the best quality product at an accessible price. And now, with a seven-store footprint and robust wholesale operation, we look forward to introducing more Pennsylvania patients to the Ayr way." The Montgomeryville dispensary is located at the "Five Points" junction, in Montgomeryville, PA.
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KD MSFT | Hot Stocks09:09 EST Kyndryl Holdings, Microsoft announce global strategic partnership - Kyndryl (KD) and Microsoft (MSFT) announced a landmark global strategic partnership that will combine their market-leading capabilities in service of enterprise customers. The deal with Microsoft is Kyndryl's first since recently becoming an independent public company and provides incremental multi-billion dollar revenue opportunities for the two companies. Together the companies will bring to market state-of-the-art solutions built on the Microsoft Cloud that will accelerate hybrid cloud adoption, modernize applications and processes, support mission-critical workloads, and further enable modern work experiences for customers. The long-term partnership will open additional markets and new customers to Kyndryl across all industries and illustrates the speed and commitment the company is placing on forging strong relationships with leading enterprise technology innovators. Microsoft becomes Kyndryl's only Premier Global Alliance Partner, increasing Microsoft's access to the $500B managed services market where Kyndryl leads.
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PLUG | Hot Stocks09:08 EST Plug Power to open Plug Power Innovation Center today - Plug Power will hold today a grand opening of the Plug Power Innovation Center, its green hydrogen and fuel cell gigafactory in Rochester, N.Y. This is New York's first and largest fuel cell and electrolyzer manufacturing gigafactory and is expected to create almost 380 new jobs in Monroe County.
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KPTSF | Hot Stocks09:08 EST KP Tissue sees Q4 adjusted EBITDA lower than Q3 2021 - "We are seeing activities and behaviour start to return to more pre-COVID levels in both the Consumer and Away-From-Home segments. However, cost inflation and lagged pricing in the fourth quarter are expected to impact results. Q4 2021 Adjusted EBITDA is therefore expected to be lower than Q3 2021 and higher than Q4 2020."
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PMCB | Hot Stocks09:07 EST PharmaCyte Biotech announces results from CypCaps skin irritation study - PharmaCyte Biotech announced that the empty capsule material that makes up its CypCaps pancreatic cancer product does not cause skin irritation. The skin irritation study, which was performed by a third-party Contract Research Organization, involved the ISO compliant testing of an extract of empty cellulose sulphate capsules for intracutaneous reactivity in New Zealand white rabbits. The extracts were injected intracutaneously at five different sites on the anterior part of the trunk of the rabbits, and the animals were observed for 3 days. After injection, there were no clinical signs of toxicity or mortality in any of the animals. Furthermore, no treatment-related changes were seen in the body weights of the rabbits after administration of the empty capsule extract. Importantly, none of the animals revealed treatment-related skin reactions during the 72-hour observation period. Thus, it was concluded that the extracts of empty cellulose sulphate capsules are not a skin irritant in the New Zealand white rabbits.
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SRNE | Hot Stocks09:07 EST Sorrento Therapeutics announces publication of trial results of abivertinib - Sorrento Therapeutics announced the peer-reviewed publication of significant results from a study of abivertinib on 227 heavily pretreated NSCLC patients in the journal Clinical Cancer Research, authored by Dr. Yi-Long Wu. Abivertinib is a pyrrolopyrimidine-based, third-generation EGFR/BTK inhibitor, which is structurally distinct from osimertinib. The 300 mg BID abivertinib dose was based upon the pharmacokinetics, efficacy and safety profiles characterized in prior studies. In the study, 227 patients received this dose for a median treatment duration of 24.6 weeks. Among 209 response evaluable patients, confirmed ORR was 52.2% and the DCR was 88.0%. The median DoR and PFS were 8.5 months and 7.5 months, respectively. The median OS was 24.9 months. All patients reported at least 1 AE, with 96.9% reporting treatment-related AEs. Treatment-related serious AEs were reported in 13.7% of patients. Death was reported in 4.4% of patients, and none was deemed related to abivertinib. With the ORR of 52.2%, and OS of 24.9 months, comparable to approved 3rd generation EGFR inhibitors, abivertinib demonstrated significantly efficacious effects in overcoming resistant mutation in NSCLC. Based on these results, Sorrento is conducting an independent review process with long-term follow up data and intends to request a pre-NDA meeting with FDA. "We are very encouraged by the publication of these significant positive results of abivertinib on the treatment of advanced and heavily pretreated NSCLC lung cancer in Clinical Cancer Research and look forward to bringing abivertinib into the armamentarium of this multi-billion dollar indication," said Dr. Henry Ji, Chairman and CEO of Sorrento.
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AMZN | Hot Stocks09:07 EST Blue Prism, Amazon Web Services form global strategic relationship - Blue Prism and Amazon Web Services announced a global, multiyear strategic collaboration agreement to transform how businesses provision intelligent automation. Expanding on a wide range of automation provided by both companies to date, such as Blue Prism Service Assist, which gives customers a 360-degree view of all customer interactions in the contact center, Blue Prism will build software as a service offerings on AWS whilst working closely with the AWS Intelligent Automation team to increase the intelligence and accessibility of Blue Prism's digital robots. This will allow the digital robots to benefit from the broad and deep capabilities available from the Amazon Machine Learning stack. As a part of this collaboration, Blue Prism will accelerate its digital robots' integrations with AWS applications and services, including AWS's omnichannel cloud contact center, Amazon Connect; AWS productivity applications, such as Amazon Chime; and AWS artificial intelligence and Amazon ML services, such as Amazon Lex and Amazon Transcribe. Both organizations will align to create workloads supporting industry-specific use cases that drive proven customer business benefits.
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AIHS | Hot Stocks09:06 EST Senmiao Technology reports October completed orders up 1.6% - Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of October. In October, Senmiao reported over 1.0M total completed orders, a 1.6% increase from September 2021. Numbers reported in August, September, and October include the number of completed orders from Meituan's ride-hailing platform utilizing Senmiao's network of cars and drivers for a set monthly fee. Since the launch of Senmiao's online ride-hailing platform in October 2020, approximately 13.8 million rides have been completed using its platform. Over 1.4 million rides have been completed on the Major Platform under Senmiao's new partnership with Meituan, which commenced in August 2021. The number of drivers completing rides via the platform in October 2021 was over 7,000, a decrease of approximately 7% from September 2021.
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PEP PG | Hot Stocks09:06 EST PepsiCo announces two senior leadership appointments - PepsiCo (PEP) announced two senior leadership appointments as the company continues its efforts to be even Faster, Stronger and Better. Jane Wakely will join the company as Executive Vice President, Chief Consumer and Marketing Officer and Chief Growth Officer, International Foods. The company also appointed Ram Krishnan, currently serving as Chief Commercial Officer, to the newly created role of CEO, International Beverages and Chief Commercial Officer. Both executives will report to PepsiCo Chairman and CEO, Ramon Laguarta. Wakely joins PepsiCo with 28 years of marketing experience at Procter & Gamble (PG) and at Mars. Krishnan, a 15-year PepsiCo veteran, will focus on driving accelerated growth for the International Beverages business, including the company's international franchise bottlers, with an end-to-end focus on brand-building, innovation, supply chain, digitalization, talent and sustainability.
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GTHX | Hot Stocks09:05 EST G1 Therapeutics announces results from analysis of Phase 2 study of trilaciclib - G1 Therapeutics announced results from an immunologic analysis of Phase 2 study data showing that trilaciclib enhances both CD4 and CD8 T cell function in certain patients with metastatic triple negative breast cancer, mTNBC, when administered prior to chemotherapy. Patients receiving placebo prior to chemotherapy did not demonstrate enhanced T cell function. Results of the immunologic analysis are being presented in a poster session at the 36th Annual Meeting of The Society for Immunotherapy of Cancer, SITC, Nov. 10-14, 2021. In the exploratory analysis, researchers sought to investigate the immune mechanisms underlying the improved rate of overall survival shown in the 2020 Phase 2 trial of TNBC patients receiving trilaciclib in combination with gemcitabine/carboplatin, GCb, compared with GCb alone. The researchers evaluated tumor samples and peripheral blood samples from patients at baseline and after trilaciclib/GCb administration or after placebo/GCb administration to identify differential gene expression and changes in immune function between the two groups. Among the findings in the poster titled, "Immune Profiling to Investigate Improved Survival in Patients with Metastatic Triple-Negative Breast Cancer Receiving Trilaciclib Prior to Chemotherapy": Patients who received trilaciclib prior to GCb showed increased T cell function as measured by greater production of inflammatory cytokines; Patients who received trilaciclib had fewer immune suppressing cells known as myeloid-derived suppressor cells than patients who received GCb alone, whether they were responders or non-responders to treatment; Non-responders to trilaciclib/GCb had a reduction in circulating CD4 and CD8 T cells and a decreased production of inflammatory cytokines
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BCTX | Hot Stocks09:05 EST BriaCell announces update on securities buyback program - BriaCell Therapeutics announces the following updates: Pursuant to the securities buyback program announced Sept. 9, 2021, BriaCell has repurchased 202,425 common shares and 70,246 publicly traded BCTXW warrants. As announced, BriaCell may purchase through the facilities of the TSX Venture Exchange or the Nasdaq Capital Market or alternative exchanges up to 1,341,515 Common Shares and up to 411,962 publicly traded BCTXW Listed Warrants in total, representing 10% of the 13,415,154 Common Shares and 10% of the 4,119,622 Listed Warrants comprising the "public float" as of September 8, 2021, over the next 12 months. BriaCell is fully-capitalized to achieve its strategic clinical milestones. Because of this BriaCell's Board of Directors believes the best use of a portion of its excess capital at this time is to buy back its own Common Shares and Listed Warrants for cancellation. As of July 31, 2021, BriaCell's cash balance was $57.3 million which provides the strength and flexibility to execute both the buyback program and BriaCell's growth strategy to expand into previously-announced areas of cancer immunotherapy and/or advance its current breast cancer clinical trials.
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OEG | Hot Stocks09:04 EST Orbital Energy appoints Nick Grindstaff as CFO - Orbital Energy Group announced that Nick Grindstaff has been appointed CFO, effective November 16. Grindstaff will replace Daniel Ford, who will remain with the company for a period of time to ensure a smooth transition. Grindstaff has more than 20 years of experience in the infrastructure services industry. Most recently, he served as Vice President - Finance and Treasurer at Quanta Services, a leading international provider of specialty contracting services. Grindstaff holds a Master of Science degree in Accounting and a Bachelor of Science in Finance from the University of Houston - Clear Lake.
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ACIU JNJ | Hot Stocks09:03 EST AC Immune announces interim Phase 1b/2a data on ACI-35.030 - AC Immune (ACIU) presented new interim Phase 1b/2a data on ACI-35.030, a first-in-class anti-phosphorylated-Tau vaccine candidate being developed in partnership with Janssen Pharmaceuticals (JNJ) at the 14th Clinical Trials on Alzheimer's Disease conference, which is being held in Boston, Massachusetts from November 9-12, 2021. ACI-35.030 is the first AD vaccine candidate designed to generate antibodies targeting pathological pTau in the brain. At CTAD, AC Immune's Chief Medical Officer Johannes Streffer gave an on-demand oral presentation featuring data from an ongoing, placebo-controlled Phase 1b/2a trial evaluating ACI-35.030 in participants with early Alzheimer's disease. Results from the trial show that ACI-35.030 treatment led to the strong induction of antibodies specific for pathological forms of Tau such as pTau and its aggregated form, enriched paired helical filaments. Additional key findings from the CTAD presentation include: Anti-pTau IgG titers increased by two orders of magnitude from baseline already two weeks after the first injection of the mid-dose of ACI-35.030; Anti-ePHF IgG titers increased by one order of magnitude from baseline as early as two weeks after the second injection at week 8 of the mid-dose of ACI-35.030; The anti-ePHF IgG response was boosted following additional doses at weeks 8 and 24; The ACI-35.030-induced immune response was lasting over an initial period of 26-weeks and showed class-switching from IgM to IgG; Interim safety data further support ACI-35.030's favorable safety and tolerability profile, with no clinically relevant safety concerns observed to date. Prof. Andrea Pfeifer, CEO of AC Immune SA, commented: "To see such a strong and lasting immune response against a self-protein in an elderly population is both an exceptional finding and an important step towards shifting the AD treatment paradigm towards earlier treatment and prevention. Pathological pTau is present in the CSF as a precursor many years before Tau accumulation is detectable via imaging techniques. By developing ACI-35.030 while leveraging cutting edge Tau diagnostics, we aim to deliver on the significant promise this anti-pTau vaccine has shown as a potential early intervention for AD. We look forward to continuing our collaboration with Janssen Pharmaceuticals, Inc. and to reporting additional immunogenicity data from the Phase 1b/2a trial's high-dose group."
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INNV | Hot Stocks09:03 EST InnovAge appoints Patrick Blair as president - InnovAge Holding announced that its board of directors has appointed Patrick Blair as President effective Dec.1, 2021. Blair's initial responsibilities will be to run InnovAge's operations and execute on its near-term growth plans, including expansion into three new sites in fiscal year 2023. Blair brings a wealth of experience to this role, having held senior positions at leading health plans and the nation's largest non-profit home health care provider. Blair joins InnovAge from BAYADA Home Health Care where he was group president responsible for overall quality and financial performance of the Home Health, Hospice and Personal Care businesses.
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BKNG | Hot Stocks09:02 EST Booking Holdings to acquire Getaroom for $1.2B - Booking Holdings announced that it has entered into an agreement to acquire B2B distributor of hotel rooms, Getaroom, from Court Square Capital Partners for approximately $1.2B. Completion of the acquisition is subject to customary closing conditions, including regulatory approval. At closing, U.S.-based Getaroom will roll into Booking Holdings' Priceline brand. Getaroom - which is based in Dallas, Texas and was founded in 2005 - has more than 150 affiliates. Getaroom will remain headquartered in Dallas and current Chief Executive Officer, Matt Davis, will lead Priceline's new Strategic Partnerships business unit. "Through this reporting structure, Getaroom will join forces with Priceline's complementary Strategic Partnerships team, Priceline Partner Network, to form a new Strategic Partnerships business unit that will improve B2B distribution for hotel partners, while offering a robust accommodations technology stack for affiliate partners. The transaction is expected to increase value for both hotel and affiliate partners," the company said. "As the travel industry continues to recover from the pandemic, we are continuously looking for opportunities to better support both our partners and our customers. Over the years, strategic partnerships have played an important role in our efforts to reach more customers through new channels. By combining the technology and expertise of Getaroom and Priceline, we can further streamline distribution for our hotel partners and provide new and better solutions for the U.S. accommodations segment," added Brett Keller, CEO of Priceline.
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ABT | Hot Stocks09:02 EST Abbott says Aveir leadless pacemaker met primary endpoints in pivotal trial - Abbott announced new, late-breaking data from the global Leadless II IDE study evaluating Abbott's investigational Aveir leadless pacemaker in patients with certain abnormal heart rhythms. The data shows the Aveir device met its pre-specified primary endpoints and suggest that the Aveir system, once approved, could offer new benefits for patients who require the use of a pacemaker to treat slow heart rhythms. The findings were presented in a late-breaking session at the annual Scientific Sessions of the Asia Pacific Heart Rhythm Society and simultaneously published in the Journal of the American College of Cardiology: Clinical Electrophysiology. The data from the study has also been submitted to the U.S. FDA as the Aveir leadless pacemaker is evaluated for U.S. approval.
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ACU | Hot Stocks09:02 EST Acme United announces Rule 10b5-1 trading plan - Acme United Corporation announced that it has established a pre-arranged trading plan, as part of the Company's existing stock repurchase programs, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Rule 10b5-1 trading plan will permit common stock to be repurchased over a twelve-month period, at times that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The Rule 10b5-1 trading plan will be administered by an independent broker and will be subject to preset price, volume and timing restrictions set forth in the plan. Repurchases of shares under the Rule 10b5-1 Plan will also be intended to comply with the requirements of Rule 10b-18 under the Exchange Act. Any actual repurchases under the Rule 10b5-1 Plan will be disclosed in the periodic reports which the Company files under the Exchange Act. There is no assurance as to the amount, timing or prices of repurchases, all of which will vary based on market conditions and other factors, as well as being subject to the present parameters set forth in the plan.
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ALGS | Hot Stocks09:00 EST Aligos Therapeutics presents posters on NASH at Liver Meeting 2021 - Aligos Therapeutics will present several poster presentations on NASH at The Liver Meeting 2021, hosted by the American Association for the Study of Liver Diseases, AASLD. Title: Preclinical Pharmacokinetic Profiling of ALG-055009, a Potent and Selective Thyroid Hormone Receptor Beta Agonist for the Treatment of Nonalcoholic Steatohepatitis, and Prediction of its Human Pharmacokinetics. Summary: The nonclinical pharmacokinetic properties of ALG-055009 in several animal model species indicate efficacious doses in the clinic are likely to be once daily doses in the sub- to low milligram range and there is likely a with low risk of drug-drug interactions. Title: Development of a Novel Seven-Day Dosing Mouse Efficacy Model to Evaluate Thyroid Hormone Receptor Agonists for the Treatment of NASH. Summary: Authors developed a high-cholesterol diet mouse model for efficient in vivo screening of THR-beta agonists as potential therapeutic agents in nonalcoholic steatohepatitis. The model appears to be predictive of patient response at clinically relevant exposures and provides a rapid alternative to the time-consuming standard efficacy models developed through high-fat diet administration.
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ALGS | Hot Stocks09:00 EST Aligos Therapeutics presents posters on Hepatitis B at Liver Meeting 2021 - Aligos Therapeutics will present several poster presentations on Chronic Hepatitis B at The Liver Meeting 2021, hosted by the American Association for the Study of Liver Diseases, AASLD. S-antigen Transport-inhibiting Oligonucleotide Polymers. Title: "S-antigen Transport-inhibiting Oligonucleotide Polymers, Sequester Cellular Proteins to Reduce Hepatitis B Virus S-Antigen Expression and Increase Its Proteasomal Degradation." Summary: As part of an in vitro study to elucidate STOPS' mechanism of action in the context of hepatitis B virus infection, five host proteins were identified as binding to STOPS. The proteins are known to be involved in RNA processing, translation, and protein folding and degradation, supporting the premise that STOPS molecules likely inhibit HBV infection and hepatitis B virus surface antigen production by sequestering host proteins needed to express and properly fold the antigen. Capsid Assembly Modulator. Title: "Safety, Pharmacokinetics, and Antiviral Activity of the Capsid Assembly Modulator ALG-000184 in Subjects with Chronic Hepatitis B." Summary: ALG-000184 is Aligos' class II CAM candidate in development to inhibit HBV infection by interfering with HBV capsid assembly and viral replication by causing the formation of non-infectious empty viral particles. As part of the ongoing, three-part, multicenter, double-blind, randomized, placebo-controlled study, Cohorts 1 and 2 of E-antigen-negative, currently not treated/treatment naive CHB subjects received 50-mg or 100-mg daily oral doses of ALG-000184 or placebo for 28 days. In both cohorts, ALG-000184 administration was associated with similar rapid, substantial reductions in HBV DNA and RNA through the 28-day period, with more than or equal to 75% and 100% of evaluable subjects achieving HBV DNA and RNA reductions below the lower limit of quantitation, respectively. Antisense Oligonucleotide. Title: Best-in-Class Antisense Oligonucleotides Against Hepatitis B Virus: Next Generation Bridged Nucleic Acid Chemistries Significantly Increase In Vivo Efficacy and Reduce Hepatotoxicity in Mice. Summary: Aligos' application of next-generation Bridged Nucleic Acid chemistries to ASO candidates already using Locked Nucleic Acid technology stands to yield a best-in-class ASO candidate in terms of efficacy relative to hepatotoxicity. Title: ALG-020572, a GalNAc-Conjugated Antisense Oligonucleotide, Demonstrates In Vivo Efficacy and Favorable Preclinical Profile for the Treatment of Chronic Hepatitis B. Summary: Aligos' ASO therapeutic candidate ALG-020572 was shown to potently inhibit HBsAg in vitro and in vivo. The antiviral activity, hepatocyte targeting and a favorable PK profile of ALG-020572 following SC administration warrants its advancement into clinical development as a potential treatment for CHB.siRNA: Title: Incorporation of Novel siRNA Chemistries Significantly Improves the Potency and Durability of HBV siRNAs in the AAV-HBV Mouse Model. Summary: Aligos' nonclinical small interfering RNA therapeutic candidates in development for CHB demonstrated improved potency and/or durability in vitro and in vivo when modified with novel siRNA chemistries. Combinations: Title: Triple Combination of Anti-Hepatitis B Virus Drugs Demonstrates Synergistic Activity In Vitro. Summary: Aligos' siRNA compound in development against hepatitis B virus, ALG-125755, in combination with the company's ASO, ALG-020572, and STOPS molecule, ALG-010133, demonstrated synergistic activity in cell culture with respect to reducing HBsAg when added to various triple-combination groupings with nucleos(t)ide analogs, CAM or interferon.
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CLLS | Hot Stocks08:59 EST Cellectis presents preclinical data on UCARTMESO - Cellectis announced the first preclinical data on UCARTMESO, its allogeneic CAR-T cell product candidate targeting mesothelin, being developed for patients with mesothelin-expressing solid tumors. The data were presented in a poster session at the Society for Immunotherapy of Cancer (SITC) 36th Annual Meeting titled "Mesothelin targeting allogeneic CAR-T cells engineered to overcome tumor immunosuppressive microenvironment". The poster presentation highlighted the following preclinical data: Mesothelin is an interesting target for CAR-T cell therapy for solid tumors because it is highly and consistently expressed in mesothelioma and pancreatic cancers. It is also over-expressed in subsets of other solid tumors while modestly expressed in healthy cells, indicating that targeting mesothelin may result in a safe and effective therapy. UCARTMESO product candidate is composed of allogeneic non-alloreactive T cells edited with TALEN-encoding mRNAs to disrupt TRAC, CD52 and TGFBR2 genes, and transduced ex vivo with a recombinant lentiviral vector to express a second-generation CAR targeting MSLN. It is the first TALEN-induced triple knock out product candidate in the allogeneic CAR-T space. The preclinical data demonstrated potent activity of UCARTMESO in vitro and in vivo against MSLN expressing cell lines, and in vivo activity in pancreatic and pleural mesothelioma mouse models. Due to TGFBR2 KO, UCARTMESO was shown to restore IL2RA upregulation upon in vitro activation, even in media rich in TGFB1, which contributes to the immune suppressive microenvironment in tumors.
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SMAR | Hot Stocks08:58 EST Smartsheet chief product officer Gene Farrell to depart, Praerit Garg to succeed - Smartsheet today announced key changes to its executive leadership team focused on continuing to drive global scale with its platform for dynamic work. Each change is grounded in our collective commitment to best serve and support our employees, customers, and partners. Praerit Garg will now oversee Smartsheet's product and engineering organizations and assume a new title of chief product officer and executive vice president of engineering. Stephen Branstetter has also been named the company's first COO overseeing operations, global strategy, corporate development, and data operations/business intelligence. These appointments follow the decision of Gene Farrell, the company's current chief product and strategy officer, to join an early-stage fin-tech company as its CEO. Jolene Marshall, deputy general counsel at Smartsheet over the past four years, will be promoted to chief legal officer. Marshall will succeed Paul Porrini, Smartsheet's current chief legal officer. Andrew Bennett, currently senior vice president of commercial sales and demand generation, will be promoted to chief marketing officer.
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AKRO | Hot Stocks08:57 EST Akero Therapeutics presents analysis from Phase 2a BALANCED study - Akero Therapeutics announced a new, blinded, post-hoc analysis of its Phase 2a BALANCED study of efruxifermin in biopsy-confirmed patients with non-alcoholic steatohepatitis, which will be presented in a poster at The Liver Meeting of the American Association for the Study of Liver Diseases, Nov. 12-15, 2021. The analysis, entitled "Characterization of Histologic Patterns of Improvement Following Treatment With Efruxifermin in NASH Patients With Fibrosis," evaluated pre- and post-treatment biopsies in 40 EFX-treated patients from the BALANCED study. These post-treatment biopsies showed improvements in histological features of steatohepatitis in 87% and fibrosis in 80% of EFX-treated patients after 16 weeks of treatment. Patterns of disease regression were evident in many patients who did not meet the categorical thresholds for either NASH resolution without worsening of fibrosis or at least a one-stage improvement in fibrosis without worsening of NASH. For example, some patients achieved resolution of hepatocyte ballooning without complete resolution of NASH, and some patients with bridging fibrosis showed evidence of features of fibrosis regression without complete reversion to a lower, non-bridging stage. These and other qualitative improvements, which are consistent with previously reported reductions in categorical scores, provide further evidence of the potential rapidity of EFX's disease modifying activity. The BALANCED study was a randomized, placebo-controlled Phase 2a trial that enrolled 80 biopsy-confirmed, pre-cirrhotic NASH patients who received either placebo or EFX for 16 weeks as a weekly subcutaneous injection in one of three doses: 28 mg, 50 mg, or 70 mg. Of the 40 EFX-treated patients who received end-of-treatment biopsies, 48% achieved a one-stage improvement in fibrosis without worsening of NASH, and 48% achieved NASH resolution without worsening of fibrosis. These two endpoints remain the FDA-recommended endpoints for Phase 3 clinical trials in pre-cirrhotic NASH patients. The analysis presented at AASLD was proposed by Cynthia A. Behling, M.D., Ph.D., a liver pathologist at Pacific Rim Pathology Medical Group in San Diego who was the central reader for the BALANCED study, based on her assessments of biopsies concurrent with categorical scoring and blinded to both treatment arm and biopsy sequence. The analysis provides a more detailed view of histological change than is reflected in the categorical, FDA-recommended scoring for NASH resolution and fibrosis stage. Moreover, two target populations at elevated risk of NASH progression-carriers of the PNPLA3 risk allele and/or those with Type 2 diabetes-showed comparable qualitative and/or quantitative histological improvements to the rest of the patients in the BALANCED study.
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ONCR | Hot Stocks08:57 EST Oncorus sinks after data but Piper 'aggressive buyers on the open' - Piper Sandler is "aggressive buyers on the open" of Oncorus following the initial dose escalation basket trial of oncolytic virus ONCR-177, analyst Christopher Raymond tells investors in a research note. The stock in premarket trading is down 39%, or $4.31, to $6.79. With one partial response in cutaneous melanoma and meaningful clinical benefit in two additional tumor types, including hints at an abscopal activity, the agent has demonstrated an "impressive" clinical benefit in three of eight patients at the recommended Phase 2 dose, says Raymond. He believes ONCR-177 is "firmly in position as a best-in-class oncolytic virus" and keeps an Overweight rating on Oncorus with a $40 price target.
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ALBO | Hot Stocks08:56 EST Albireo Pharma announces Phase 3 data on Bylvay in PFIC - Albireo Pharma announced new data from the Phase 3 PEDFIC 1 study and PEDFIC 2 long-term extension study of Albireo's product, Bylvay, and first data from preclinical studies of cholestatic and viral disease product candidate, A2342. The data demonstrate evidence of long-term treatment benefits of Bylvay based on improved liver health and function across progressive familial intrahepatic cholestasis types that reduce the disease burden in the treatment of pruritus in PFIC. In addition, the company will showcase the first data from A2342 showing potential of sodium-taurocholate co-transporting peptide inhibition in viral and cholestatic liver diseases. The data will be presented at the American Association for the Study of Liver Diseases The Liver Meeting 2021, which is being held virtually November 12 - 15. The Company will present data on Bylvay in one oral presentation and four posters. Bylvay is a potent, non-systemic ileal bile acid transport inhibitor that is approved in the U.S. for the treatment of pruritus in patients 3 months of age and older in all types of PFIC and in Europe for the treatment of all types of PFIC in patients aged 6 months or older. PEDFIC 1 was the first and largest, global, pivotal Phase 3 study conducted in PFIC, which evaluated the efficacy and tolerability of Bylvay in reducing pruritus and serum bile acids in a randomized, double-blind, placebo-controlled trial, and PEDFIC 2 is a long-term, open-label Phase 3 extension study. Key findings include: Long-Term Clinical Benefit Across PFIC Types with Large and Sustained Improvements in Serum Bile Acids and Pruritus: Results of pooled analysis in patients with PFIC from two Phase 3 studies show that Bylvay was associated with sustained improvements in mean serum bile acids and pruritus scores over time. Overall, 84 patients received Bylvay during the pooled analysis period, and the overall median exposure from the first dose of Bylvay was 53 weeks. sBA responders had larger improvements in pruritus than sBA non-responders or partial responders as defined by those who did not meet sBA response criteria reflecting either perceived treatment effects or patients with a partial sBA response. Approximately 40% of patients met criteria for sBA response during Bylvay treatment. When treatment response was defined by sBA and/or pruritus criteria, approximately 60% of patients treated with Bylvay achieved a treatment response. In addition, there are a number of patients that are partial responders. Bylvay Reduced Autotaxin, Pruritus and sBAs: Autotaxin can be a marker of liver injury in cholestatic patients and elevated levels have been also associated with increased pruritus. Bylvay treatment reduced autotaxin, pruritus and sBAs with change or percent change from baseline to weeks 25 - 48 in patients with PFIC.: Results of this pooled analysis in children with PFIC from PEDFIC 1 and PEDFIC 2 studies show that Bylvay reduced autotaxis, pruritus and sBAs. Significant correlations were observed between reductions in each pair of these parameters. Improvement in Hepatic Health, Sleep and Growth: Bylvay treatment for up to 72 weeks in patients with PFIC was associated with effects on hepatic parameters, growth and sleep. Overall, 84 patients received Bylvay during the pooled analysis period, and the overall median exposure from the first dose of Bylvay was 53 weeks. From baseline to week 72, responders had mean improvement in hepatic health parameters in transaminases and total bilirubin levels, quality of sleep and growth, with greater improvement observed in responders compared with non-responders. sBA responders had large decreases in caregiver-reported percentage of days patients had scratching associated with bleeding, needed soothing and needed help falling asleep; increases or smaller changes were observed in sBA non-responders. Patients who were non-responders had more pronounced growth deficits at baseline; however, with treatment, mean height and weight Z scores increased in both responders and non-responders. Natural Variation in Clinical Signs and Symptoms: Prior to the start of PEDFIC 1, patients with PFIC1 and PFIC2 had considerable variations in sBAs and had variations in pruritus scores. These data highlight that patients with PFIC experience natural fluctuations in clinical signs and symptoms because of their underlying disease. Before study start in the overall population, the median of per-patient standard deviations across all pre-treatment measurements was 42 mumol/L for sBAs and 0.6 for pruritus scores. Clinical Benefits of Bylvay in PFIC3 and PFIC6: During up to 54 weeks of Bylvay treatment, patients with PFIC3 and PFIC6 experienced clinical benefits, including reductions in sBAs and improvement in pruritus symptoms, growth and sleep parameters. Patients with PFIC3 and PFIC6 experienced mean reductions vs. baseline in sBAs improvement in pruritus symptoms, height, weight and sleep parameters, through week 36. The observed safety and tolerability profile of Bylvay was consistent across studies, treatment groups and doses, regardless of PFIC classification or BSEP subtype. No drug-related serious adverse events were reported in either PEDFIC 1 or PEDFIC 2. Treatment-related diarrhea/frequent bowel movements reported in 9.5% of Bylvay treated patients in PEDFIC 1 and 5% of placebo-treated patients. Individual abstracts present data for specific safety and tolerability.
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ADTX | Hot Stocks08:56 EST Aditx Therapeutics provides update on AiPharma Global subsidiary acquisition - Aditxt announced that the global Phase 3 PRESECO trial evaluating oral Avigan/Reeqonus as a potential at-home therapy for patients with mild-to-moderate COVID-19, which was being run by Appili Therapeutics, a consortium partner of AiPharma Global, did not achieve statistical significance on the primary endpoint of time to sustained clinical recovery. Additional analyses of the trial data are ongoing. As previously announced, Aditxt has entered into a transaction agreement to reach a definitive agreement by the end of November to acquire a subsidiary of AiPharma Global which is to own all of the assets of AiPharma Global, a company focused on discovering, developing and commercializing antiviral therapies across a broad spectrum of infectious diseases. AiPharma Global is a biopharmaceutical company that holds directly, or through its affiliates worldwide, exclusive rights to Avigan/Reeqonus/Qifenda and all formulations of favipiravir, a broad spectrum oral antiviral drug that targets COVID-19 and other infectious diseases.
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MDGL | Hot Stocks08:54 EST Madrigal Pharmaceuticals announces data on study of resmetirom at AASLD meeting - Madrigal Pharmaceuticals announced the presentation of "positive" clinical data from the open-label portion of its ongoing MAESTRO-NAFLD-1 study of resmetirom at the AASLD The Liver Meeting. Poster: "Biomarkers, imaging and safety in resmetirom 52-week non-cirrhotic NASH Phase 3 clinical trial, completed open-label arm of MAESTRO-NAFLD-1." MAESTRO-NAFLD-1 is a Phase 3 multi-center, double-blind, randomized, placebo-controlled study of resmetirom being conducted in 1,200 patients with NAFLD and presumed NASH. A 171-patient 100 mg open-label arm of the study was completed in July 2021. Patients in the open-label arm demonstrated rapid and sustained reduction in hepatic fat on MRI-PDFF greater than 50% and liver volume greater than 20%, and fibrosis as assessed by biomarkers, magnetic resonance elastography, and vibration-controlled transient elastography and controlled attenuation parameter, LDLc and atherogenic lipids, liver enzymes and inflammatory biomarkers. Poster Presentation: "Liver volume reduction in resmetirom treated non-cirrhotic and cirrhotic NASH patients." In a 36-week Phase 2 serial MRI-PDFF and liver biopsy study in adults with biopsy-confirmed NASH and hepatic fat fraction greater than or equal to 10%, resmetirom-treated patients showed statistically significant liver fat reduction associated with NASH resolution as assessed by liver biopsy compared to placebo. In a secondary analysis, statistically significant reduction in liver volume of ~21% in resmetirom-treated non-cirrhotic NASH patients as compared with placebo was observed. Liver volume reduction was also observed in an open-label resmetirom-treated cohort of well-compensated NASH cirrhotic patients who also had greatly elevated liver volume at baseline. Liver volume reduction was much greater than expected in these patients based on the small reduction in MRI-PDFF. "Utilization of the MAST (MRI-PDFF-MRE-AST) score to predict NASH on liver biopsy in MAESTRO-NASH and assess response to resmetirom in MAESTRO-NAFLD-1." The purpose of this analysis was to investigate the utility of the MAST scores for non-invasive identification of patients with NASH with significant fibrosis in the MAESTRO-NASH and MAESTRO-NAFLD-1 Phase 3 studies of resmetirom. The results show that MAST is predictive of fibrosis stage in NASH and of the level of NASH activity in the NASH liver. The investigators concluded that in the absence of a liver biopsy, elevated MAST score in the setting of metabolic syndrome may predict NASH with significant liver fibrosis. "NASH with Fibrosis: Updates from the Resmetirom Clinical Program." Will include a discussion of NASH disease state, provide an update on the resmetirom development program, review the mechanism of action and summarize new data presented at The Liver Meeting 2021 from the Phase 2 and Phase 3 trials.
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SGBX | Hot Stocks08:53 EST SG ECHO receives $750,000 loan to make renovations to Oklahoma facility - SG Blocks announced that SG ECHO has received a forgivable loan of $750,000 granted by the Durant Industrial Authority, a public trust authority of the City of Durant, to make renovations to the recently announced Waldron facility. The company anticipates renovations to the property commencing in December. SG Blocks will provide further updates and images as available.
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DATS | Hot Stocks08:52 EST DatChat announces sponsorship of The Breakfast Club - DatChat announced their sponsorship of the Breakfast Club and exclusive "Building Black Biz" interview of DatChat Chief Operating Officer, Dan Zeno. The Breakfast Club is a national syndication by Premiere Networks and airs on nearly 100 stations nationwide, in addition to streaming on iHeartRadio.com, streaming on the iHeartRadio app and broadcasting on Revolt TV. The sponsorship campaign is set to begin on November 15th, 2021.
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VIR | Hot Stocks08:51 EST Vir Biotechnology presents new data evaluating potential for VIR-2218, VIR-3434 - Vir Biotechnology announced new data from the Company's broad hepatitis B virus portfolio focused on achieving a functional cure for chronic HBV infection. Preliminary results from an ongoing Phase 2 clinical trial of VIR-2218, alone or in combination with other therapies, and an ongoing Phase 1 clinical trial of VIR-3434, continue to demonstrate rapid and notable reductions in hepatitis B surface antigen and positive safety findings. These data, along with health outcomes research, will be presented in one oral and three poster presentations at the American Association for the Study of Liver Diseases The Liver Meeting 2021, taking place virtually from November 12-15. In summary, data presented at AASLD continue to support the promising safety profile and potential durable response of VIR-2218, an investigational small interfering ribonucleic acid that mediates RNA interference, through 24 weeks. New findings also demonstrate that concurrent initiation of VIR-2218 and pegylated interferon alpha therapy resulted in substantial HBsAg reductions compared to VIR-2218 alone or with PEG-IFN-alpha following a VIR-2218 lead-in. No new safety signals were identified. Additionally, two analyses from an ongoing Phase 1 trial of VIR-3434, an investigational HBV-neutralizing monoclonal antibody, continued to demonstrate a rapid reduction in HBsAg levels one week after subcutaneous administration. VIR-3434 has been Fc engineered to include the XX2 "vaccinal mutation," allowing it to potentially function as a T cell vaccine. No new safety signals were reported. Oral Presentation - VIR-2218: Preliminary results through week 24 of an ongoing Phase 2 trial of 64 virally-suppressed adults with chronic HBV infection assigned to receive subcutaneously injected VIR-2218 alone or in combination with PEG-IFN-alpha demonstrated: VIR-2218 alone or in combination with PEG-IFN-alpha was generally well tolerated. The majority of treatment-emergent adverse events were Grade 1 or 2 with no treatment-related serious AEs reported to date. While all VIR-2218 plus PEG-IFN-alpha regimens were associated with notable HBsAg reductions, concurrent initiation of VIR-2218 and PEG-IFN-alpha for 24 weeks resulted in an earlier and more substantial HBsAg mean decline. 95% of participants receiving VIR-2218 plus PEG-IFN-alpha concurrently for 24 weeks achieved HBsAg levels of less than 100 IU/mL, with 55% achieving HBsAg levels of less than 10 IU/mL. Three participants achieved HBsAg loss below the lower limit of quantification by Week 24; two of three achieved anti-HB seroconversion. Oral Presentation: Man-Fung Yuen, D.Sc., M.D., Ph.D., chair professor and chief of the Division of Gastroenterology and Hepatology, deputy head of the Department of Medicine, Li Shu Fan Medical Foundation Professor in Medicine, The University of Hong Kong: Poster Presentations - VIR-3434: Preliminary blinded safety and tolerability results and HBsAg data from a Phase 1 trial evaluating VIR-3434 in 24 virally suppressed adults with chronic HBV infection who were randomized to receive a single dose of either 6 mg, 18 mg, 75 mg or placebo demonstrated: A single dose of 6 to 75 mg of VIR-3434 resulted in rapid HBsAg reductions of greater than1 log10 IU/mL in most participants within approximately 1 week post-dose. The largest and most sustained reductions in HBsAg were observed in the 75 mg cohort. Single doses of VIR-3434 were generally well tolerated; all AEs were grade 1-2. No clinically significant laboratory abnormalities or changes in liver safety parameters were observed. Poster Presentation: Kosh Agarwal, M.D., consultant hepatologist and transplant physician at the Institute of Liver Studies, King's College Hospital: A preclinical analysis of VIR-3434 and the parent molecule of VIR-3434 in in vivo mouse models demonstrated: VIR-3434 neutralized both HBV and hepatitis D virus infection with greater than5,000-fold higher potency than hepatitis B immunoglobulins in vitro. In an HBV mouse model, the parent molecule of VIR-3434 blocked the spread of HBV infection and reduced HBsAg levels in chronically infected animals. VIR-3434 in complex with HBsAg activated dendritic cells efficiently and induced CD4+ reporter T cell responses - the first steps towards eliciting T cell immunity and potential long-term control via a vaccinal effect. Poster Presentation: Florian A. Lempp, Ph.D., senior scientist, Vir Biotechnology: Poster Presentation - Chronic HBV Patient Experiences: Findings from a cross-sectional, qualitative study of 28 treatment-experienced and treatment-naive patients with chronic HBV conducted via semi-structured telephone interviews demonstrated: Patients reported persistent unmet needs with chronic HBV treatment, including dosing frequency, formulation and convenience. Patients reported the following impacts of chronic HBV on their lives: emotional impacts, physical impacts, dietary and lifestyle impacts and social impacts. Patients deemed the ideal treatment to include a long-acting formulation with less frequent administration, and one that is curative and delivered in an oral formulation.
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OMQS | Hot Stocks08:49 EST Omniq receives additional $3M purchase agreement from logistics client - OMNIQ has received an approximately $4M purchase agreement from a top, Midwest-based, 3PL, third-party logistics client. omniQ will supply Android-based rugged data collection, computing and communication equipment to the 3PL customer's distribution centers across the United States. The 3PL customer has annual revenue of over $400M and more than 3,000 employees. The multi-year deployment including the previous agreement announced on October 27, 2021 is valued at approximately $7M. Shai Lustgarten, President & CEO at Quest, commented, "The momentum continuous, concurrent with many opportunities generated by our Dangot Computers new subsidiary, this $3.0 million additional order is yet another example of repeat business, demonstrating the value of omniQ's existing customer base and the success of our business strategy. Moreover, our Company has built a solid reputation as experts in sophisticated solutions providing our customers cutting edge technology and software."
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AGTC | Hot Stocks08:46 EST Applied Genetic presents data from ongoing trial of AGTC-501 - Applied Genetic Technologies Corporation announced the presentation of additional analyses and conclusions from previously reported data from the Company's ongoing Phase 1/2 study of AGTC-501, a recombinant AAV2 vector developed for the treatment of X-linked retinitis pigmentosa, at the American Academy of Ophthalmology 2021 Annual Meeting being held today in New Orleans, Louisiana by Dr. Robert Sisk, Director of Pediatric Vitreoretinal Surgery and Director of Ophthalmic Genetics - Cincinnati Children's Hospital and the Cincinnati Eye Institute. In the non-randomized, open-label study, secondary outcome measures of clinical activity were observed through functional improvements in treated versus untreated control eyes. Treatment with AGTC-501 resulted in a statistically significant improvement in best-corrected visual acuity across all treatment groups in patients where the macula was treated. At 12 months, 50% of patients were considered responders, meeting the strict criteria, as discussed with the FDA, of at least a 7 decibels improvement in at least 5 loci, as measured by macular integrity assessment microperimetry. At 12 months post treatment, primary outcome measures of safety demonstrated AGTC-501 to be well-tolerated at all doses. No serious adverse events related to AGTC-501 were reported. All adverse events were Grade 1-2 in centrally treated patients, including those related to the subretinal injection procedure and importantly, immunological assessments did not indicate safety concerns. An important biomarker of efficacy was demonstrated with restoration of macular ellipsoid zone as measured by OCT in patients with measurable EZ and microperimetry at the baseline visit. Dr. Sisk's presentation, Clinically Meaningful Visual Improvements Demonstrated 12 Months After AGTC-501 Gene Therapy for X-linked Retinitis Pigmentosa, will be available on demand November 12-15, 2021 during AAO 2021.
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ASMB | Hot Stocks08:45 EST Assembly Biosciences presents new data on ABI-4334, ABI-H3733 at AASLD meeting - Assembly Biosciences reported preclinical data from the company's newly selected core inhibitor candidate, ABI-4334, and clinical results from the Phase 1a study of ABI-H3733 in healthy volunteers at the American Association for the Study of Liver Diseases, AASLD, The Liver Meeting. New data from the Phase 2 study of its investigational candidate vebicorvir will be highlighted in an oral presentation on Sunday, November 14. In the late-breaking poster entitled "Preclinical characterization of ABI-4334, a novel, highly potent core inhibitor for the treatment of chronic hepatitis B virus infection," preclinical data demonstrate that 4334 inhibits pgRNA encapsidation and cccDNA formation with single-digit nanomolar potency against both these mechanisms of action and is also active across all HBV genotypes. Evaluation in preclinical models predicts that a 300 mg dose of 4334 once a day will achieve trough concentration values that are approximately 200-fold greater than the EC50 needed to block pgRNA encapsidation and approximately 40-fold greater than the EC50 needed to block cccDNA formation. Phase 1 studies with 4334 are planned for 2022. The poster entitled "Safety and pharmacokinetics of ABI-H3733, a novel 2nd generation HBV core inhibitor: Results from a Phase 1a study in healthy volunteers," includes data from a dose escalation study in 40 healthy volunteers. ABI-H3733, a novel next-generation core inhibitor also designed for increased potency against the formation of cccDNA, was generally well tolerated with no serious adverse events, and all subjects completed the study. Oral liquid formulation doses were administered as single doses of 100 mg, 250 mg, or 500 mg or daily over 5 days at 250 mg. A Phase 1b study evaluating 3733 in patients with chronic HBV infection is planned to start in 2022. Vebicorvir, the company's lead core inhibitor product candidate, is the focus of an oral presentation entitled "HBV pgRNA and DNA both rebound immediately following discontinuation of the core inhibitor vebicorvir despite continued NrtI treatment in patients with HBeAg positive chronic hepatitis B virus infection: Findings from a Phase 2 open label study." The data demonstrate that treatment with VBR in combination with NrtI, of both initially treatment-naive and virologically suppressed patients, led to a deeper level of viral suppression as measured by pgRNA and HBV DNA levels.
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VACC | Hot Stocks08:44 EST Vaccitech announces results from ongoing Phase 1, Phase 1b/2a trial of VTP-300 - Vaccitech announced results from ongoing Phase 1 and Phase 1b/2a clinical trials of VTP-300, an immunotherapy candidate in development for the treatment of CHB infection. Results to date showed that both the ChAdOx1-HBV, in study HBV001, and the combination of ChAdOx1-HBV and MVA-HBV, in study HBV002, were highly immunogenic to all HBV viral targets, and were generally well tolerated. The data are available in two posters at the AASLD The Liver Meeting. "The interim results of these ongoing studies are promising in the field of HBV immunotherapy," said Thomas Evans, M.D., Chief Scientific Officer of Vaccitech. "They showed that our prime-boost strategy was able to establish potent T cell responses against virally-infected liver cells in immune-suppressed CHB patients, and no vaccine-associated serious adverse events were reported. We are pleased to receive this initial immunological data on VTP-300 ahead of evaluating results from patients receiving VTP-300 in combination with a low-dose checkpoint inhibitor." HBV001: HBV001 is an open-label, non-randomised, Phase I clinical trial to evaluate the safety, tolerability, and immunogenicity of ChAdOx1-HBV in humans. Participants are healthy controls and patients with CHB with supressed HBV DNA on nucleos(t)ide therapy. ChAdOx1-HBV was well tolerated with no serious adverse events reported as of the date of interim analysis. Total T cell responses to the HBV immunogen peaked at day 28 post dose in both HC and CHB patients. HBV002: HBV002 is an open-label trial to determine the safety, immunogenicity and preliminary efficacy of ChAdOx1-HBV and MVA-HBV, with or without nivolumab, in patients with chronic HBV with supressed HBV DNA on nucleos(t)ide therapy. As of September 2021, 30 patients had been enrolled, and no concerning safety signals or Serious Adverse Reactions have been reported. VTP-300 induced antigen specific T cell responses to all antigens, with elevated responses to core and polymerase, as compared to healthy controls dosed with ChAdOx1-HBV alone in HBV001. Additional patients receiving VTP-300 in combination with low-dose nivolumab are currently enrolling in the HBV002 trial with data, including surface antigen levels, anticipated during the first quarter of 2022.
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CUE | Hot Stocks08:42 EST Cue Biopharma presents updated data from CUE-101 program - Cue Biopharma announced the presentation of interim data further demonstrating the tolerability and antitumor activity potential of CUE-101 as a monotherapy as part of the Company's ongoing clinical trial for the treatment of recurrent/metastatic HPV+ head and neck cancer in a poster at the Society for Immunotherapy of Cancer's 36th Annual Meeting. Early data from the CUE-101 combination study with pembrolizumab will also be discussed, supporting the potential for mechanistic activity in frontline HPV+ HNSCC patients. SITC 2021 will be held in Washington, D.C. and virtually November 10-14. Additionally, the Company will present two posters highlighting the broad potential of the interleukin 2 -based CUE-100 series for treating multiple cancers. This includes representative preclinical data from CUE-102, Cue Biopharma's next clinical candidate developed to selectively target Wilms' Tumor 1 cancers, and preclinical progress on the Company's Neo-STAT and RDI-STATplatforms, which provide modularity, flexibility and scalability and address tumor heterogeneity and tumor resistance or escape mechanisms. SITC 2021 Presentation Highlights: Title: A phase 1 trial of CUE-101, a novel HPV16 E7-pHLA-IL2-Fc fusion protein, alone and in combination with pembrolizumab in patients with recurrent/metastatic HPV16+ head and neck cancer. Data as of November 2, 2021, include: A durable partial response with an ongoing duration of 30 weeks and five durable stable disease responses, as determined by RECIST 1.1. criteria, out of the 13 evaluable patients dosed at the recommended Phase 2 dose of 4mg/kg as part of the monotherapy trial. Pharmacodynamic signals of expansion of HPV16+ cytotoxic T cells were observed in the monotherapy trial, which confirm CUE-101 mechanism of action by activation of tumor-specific T cells. Demonstrated favorable tolerability to date, with more than 190 cumulative doses administered. Reported mild adverse events resolved while patients continued therapy. Early signs of clinical activity of CUE-101 in combination with pembrolizumab with 3 out of 3 patients from cohort 2 at 2mg/kg, demonstrating tumor reductions in target lesions on their first scan after having received two cycles of therapy. Cohort 3 is currently enrolling. Title: CUE-102 selectively activates and expands WT1-specific T cells for the treatment of patients with WT1+ malignancies: Multiple in vitro assessments demonstrated that CUE-102 selectively activated and expanded WT1-specific CD8+ T cells from peripheral blood mononuclear cells of healthy donors. These CUE-102-expanded CD8+ T cells exhibited polyfunctional and cytotoxic responses upon challenge with WT1-presenting target cells. Data showed that the attenuation of the interleukin 2 domains of CUE-102 led to a reduction of indiscriminate IL-2 activity, similar to results obtained with CUE-101. In vivo studies in human leukocyte antigen-A2 transgenic mice confirmed that CUE-102 elicited and expanded WT1-specific CD8+ T cells from naive mice without significantly altering the frequencies of other immune lineages. The WT1-specific CD8+ T cells expanded in vivo exhibited polyfunctionality and selectively killed WT1-presenting target cells in vivo. Title: Targeting engineered interleukin-2 to antigen specific T cells via novel biologic platforms: Data demonstrated that the Company's Neo-STAT biologics can be engineered with a diversity of T cell epitopes by efficient conjugation into an empty HLA-binding pocket, and that these molecules activated and expanded antigen specific T cells in vitro. Data additionally demonstrated that the Company's RDI-STAT biologics, were able to expand anti-viral T cell repertoires and drive anti-viral T cell redirected killing of tumor-associated antigen-expressing cells. In contrast to pan anti-CD3 bispecific molecules, RDI-STATs demonstrated significantly lower induction of pro-inflammatory cytokines, thus avoiding systemic activation of all T cells and offering a superior safety profile.
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HZNP | Hot Stocks08:41 EST Horizon Therapeutics announces findings from adherence analysis of Tepezza - Horizon Therapeutics announced findings of a real-world adherence analysis of Tepezza for the treatment of TED at the American Academy of Ophthalmology Annual Meeting, or AAO 2021. Tepezza is the first and only medicine approved by the FDA for the treatment of TED, a serious, progressive and potentially vision-threatening rare autoimmune disease. The analysis found that over 90% of people who were prescribed Tepezza for TED went on to complete all eight infusions, indicating a high level of adherence to Tepezza in clinical practice. The study evaluated 1,101 people living with TED who started treatment with Tepezza prior to July 2020. Non-compliance was low at approximately 1%. Only 8% reported that they discontinued because of adverse events, or AEs. The most common AEs reported in patients who discontinued due to an AE were consistent with observations in the Tepezza clinical trials.
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CNI | Hot Stocks08:40 EST Canadian National joins United Nation's Race to Zero campaign - CN announces "its commitment to setting a target in line with a 1.5 degrees C scenario and to achieving net-zero carbon emissions by 2050. By doing so, CN is the first North American railroad to formally commit to having a net-zero target by joining the Business Ambition for 1.5 degrees C and the United Nations' Race To Zero campaign," the company said. "As a world-class transportation leader and trade-enabler, CN handles over C$250B worth of goods and carries more than 300 million tons of cargo annually, and is proud to be moving all these products in a sustainable way. CN's pledge to net-zero carbon emissions by 2050 further builds upon our commitment to short-, medium- and long-term targets, robust and transparent climate change disclosures, and our goal to continue to lead our sector in the transition to a low-carbon economy. CN has a strong track record of fuel and carbon efficiency and, in 2020, achieved its best locomotive fuel efficiency ever - over 4% better than the previous record set in 2019 - which avoided approximately 275,000 tonnes of emissions. We will continue to decarbonize our operations and, in turn, will enable our customers to reduce their transportation supply chain emissions and support their and our growth in sustainable products and markets," said Jean-Jacques Ruest, President and Chief Executive Officer.
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HCDI | Hot Stocks08:39 EST Harbor Custom Development to sell 20 developed lots for $3.8M - Harbor Custom Development announced that it has entered into a contract with Noffke Land Holdings, Inc. for the sale of 20 developed, view lots in the Horizon at Semiahmoo subdivision in Blaine, WA for $3,800,000. Closing of the 20 view lots in the Horizon at Semiahmoo subdivision is scheduled for mid - December 2021. In July 2021, Harbor acquired 214 acres which included 71 developed lots adjacent to the Semiahmoo resort in Blaine, WA.
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CPSI | Hot Stocks08:38 EST ARIA Cybersecurity secures $1.8M contract for network monitoring - ARIA Cybersecurity Solutions announces the receipt of a multi-million, multi-site sale of ARIA SDS solution from a national intelligence agency. The ARIA SDS products will be a critical component of the government's solution to improve network visibility on networks vital to national security to detect communication performance and cybersecurity-related issues.
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CETX | Hot Stocks08:37 EST Cemtrex regains compliance with Nasdaq audit committee requirements - Cemtrex announced that it has received notification from the Nasdaq Stock Marke indicating that, as a result of the Company's appointment of new independent directors, the Company has regained compliance with NASDAQ Listing Rule related to the audit committee requirements of its Board of Directors. The notification stated that the matter of non-compliance is now closed, and the scheduled hearing before the Hearings Panel of Nasdaq has been cancelled. Cemtrex has appointed independent directors Chris Wagner and Manpreet Singh, CFA to the Board of Directors. Chris Wagner co-founded internet start-up NeuLion and helped grow the business to $100 million dollars, which sold to Endeavor for $250 million in cash. Manpreet Singh is the founder and Chief Investment Officer of Singh Capital Partners, a multifamily office that directs investments into venture capital, real estate, and growth equity.
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CCXI GNHAF | Hot Stocks08:37 EST ChemoCentryx receives positive recommendation for use of TAVNEOS by EMA - ChemoCentryx (CCXI) announced that the European Medicines Agency's, EMA, Committee for Medicinal Products for Human Use, CHMP, adopted a positive opinion recommending marketing authorization for the Company's TAVNEOS, an orally administered selective complement 5a receptor inhibitor, in combination with a rituximab or cyclophosphamide regimen, indicated for the treatment of adult patients with severe, active granulomatosis with polyangiitis, GPA, or microscopic polyangiitis, MPA. "The CHMP recommendation to authorize TAVNEOS represents a positive step toward our goal of making TAVNEOS available in key markets throughout the world," said Thomas Schall, Ph.D., President and Chief Executive Officer of ChemoCentryx. "Following the recent regulatory approvals in the U.S. and Japan, we hope that patients in Europe suffering from this debilitating and deadly disease may soon have access to TAVNEOS." Following the CHMP's positive opinion, the European Commission will render an official decision as to the authorization of the use of TAVNEOS in the European Union in January 2022. Under the terms of the Company's Kidney Health Alliance with Vifor Pharma (GNHAF), Vifor Pharma has exclusive rights to commercialize TAVNEOS in countries outside of the United States.
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PNT | Hot Stocks08:35 EST Point Biopharma expects cash to fund operations into Q1 of 2024 - As of September 30, 2021, POINT had approximately $252.8M in cash and cash equivalents.
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ERJ | Hot Stocks08:35 EST Embraer says Brazilian Government reduces certain contract values by 25% - The company said, "Embraer S.A. informs its shareholders and the market that it became aware on this date of the Brazilian Federal Government's decision to unilaterally reduce by 25% the total value of Contracts 002/DCTA-COPAC/2014 and 10/DCTA-COPAC/2014, signed in 2014 between the Federal Government, Embraer, and one of its subsidiaries. The Contracts contemplate the supply of 28 KC-390 aircraft by Embraer to the Federal Government. As soon as it is formally notified by the Federal Government, the company will seek legal measures relating to the economic and financial rebalancing of the Contracts, as well as evaluating the effects of the reduction of the Contracts on its business and results. Embraer reinforces its commitment to the KC-390/C-390 Millennium project, the new generation multi-mission aircraft, as well as its belief in the export potential of this product, which brings unique innovations in its category and which has already been acquired by two European nations. Finally, Embraer reiterates its role as a strategic partner of the Brazilian Air Force in the development and implementation of high added value technological solutions and products, a partnership established for over 50 years."
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TC | Hot Stocks08:32 EST TuanChe receives withdrawal of going private proposal - TuanChe announced that it has recently received a notice from its chairman and CEO, Wei Wen, stating that in order to open up more opportunities for the company, Wen has decided to withdraw the non-binding going private proposal dated January 21.
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PATK | Hot Stocks08:31 EST Patrick Industries raises quarterly dividend to 33c from 28c per share - The dividend is payable on December 13 to shareholders of record at the close of business on November 29.
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AFMD | Hot Stocks08:30 EST Affimed announces preclinical data of innate cell engagers at SITC 2021 - Affimed announced that three posters with preclinical data of its innate cell engagers are presented at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, SITC. The data highlight Affimed's preclinical initiatives to further elucidate the mechanisms of action for its lead ICE candidates AFM13 and AFM24, providing evidence that both ICE molecules increased the number of NK cells which functioned as serial killers against cancer as well as the role of macrophages in the anti-tumor activity of AFM24. The poster based on abstract 894 displays data generated through a collaboration with Prof. Bjorn Onfelt's group at the Karolinska Institutet, Stockholm. In the study, microchip technology was used for two ICE drug candidates, AFM13 and AFM24, at single cell resolution to better understand their mode of action. Both ICE molecules enhanced NK cell cytotoxicity and increased the number of serial killers, i.e. NK cells which kill a number of tumor cells sequentially. Shedding inhibition of the innate immune cell surface protein CD16 resulted in the maintained cytotoxic effect of either ICE molecule demonstrating that stabilization of CD16 is not required for effective tumor cell killing by ICE drug candidates. Two additional posters present data on AFM24's ability to induce antibody dependent cellular phagocytosis . AFM24, the bispecific ICE targeting EGFR and CD16A, led to enhanced macrophage-mediated ADCP on various EGFR-expressing tumor cell lines, irrespective of their EGFR-pathway mutational status.
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ONCR | Hot Stocks08:29 EST Oncorus report initial data from ongoing Phase 1 trial of ONCR-177 at SITC 2021 - Oncorus presented initial safety, tolerability and immune activation and clinical response data from its ongoing Phase 1 open-label, multi-center, dose escalation and expansion clinical trial of ONCR-177 at the Society for Immunotherapy of Cancer's, SITC, 36th Annual Meeting, taking place November 12-14th in Washington, D.C. and virtually. In the fully enrolled and completed surface lesion dose escalation part of the Phase 1 study, ONCR-177 was well tolerated with no dose-limiting toxicities. In addition, three of eight evaluable patients at RP2D with cutaneous melanoma, squamous cell carcinoma of the head and neck, and mucosal melanoma, experienced clinical benefit after two doses of ONCR-177. ONCR-177, Oncorus' lead oncolytic HSV product candidate, is an intratumorally administered viral immunotherapy being developed for multiple solid tumor indications. Oncorus has engineered its proprietary HSV platform to develop improved iTu-administered viral immunotherapies that have the potential to enhance potency without sacrificing safety, a challenge that has been encountered by earlier-generation programs in this class. ONCR-177 incorporates two orthogonal safety strategies to allow for replication only in tumors. Theodore Ashburn, M.D., Ph.D., President and CEO of Oncorus, commented, "We are excited by these data as they provide strong proof of concept for our HSV platform. To see clinical benefit in heavily pretreated patients across multiple histologies is a testament to the promise of our platform, of ONCR-177, and of our ability to deliver a potent, multidimensional attack on cancer without sacrificing safety, thanks to our novel engineering. Furthermore, these data also support the development of ONCR-GBM, our HSV preclinical candidate being developed to specifically treat brain tumors, including glioblastoma multiforme, as well as potential future HSV programs. With several important milestones slated for 2022, we look forward to continuing to provide updates on ONCR-177 and the rest of our pipeline."
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ERJ | Hot Stocks08:28 EST Embraer and multiSIM sign MoU for potential partnership - Embraer and multiSIM, a startup company which develops simulators for collaborative crew training based on a highly scalable software framework, signed recently a Memorandum of Understanding, or MoU, to discuss a potential partnership for defense and dual-use training solutions. The potential agreement may include joint research, technology development and innovation, for Embraer products and programs. The collaboration with multiSIM follows Embraer global knowledge network strategy based on connection with startups focused on advanced technologies, by creating mutually beneficial partnerships.
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INKT | Hot Stocks08:27 EST MiNK Therapeutics announces preliminary data from phase 1 study of agenT-797 - MiNK Therapeutics announced preliminary survival data from its phase 1 study of, agenT-797, iNKT cell therapy, in intubated COVID-19 acute respiratory distress syndrome patients, and also presented new insights on its iNKT programs in cancer at the Society for Immunotherapy of Cancer's, SITC, 36th Annual Meeting. MiNK data demonstrated: AgenT-797 in COVID-19 respiratory failure showed a 77% survival rate in older, ventilated patients compared to the national average approximating 20-30%; AgenT-797 demonstrated early signals of tumor biomarker suppression and disease stabilization beyond 6 months in relapsed/refractory multiple myeloma without lymphodepletion; MiNK has developed proprietary methods for the study of iNKTs, including a digital PCR-based methodology to track unmodified allogeneic iNKT cells in patients and a xenograft model for the study of agenT-797 to recapitulate human iNKT cell distribution and evaluate efficacy in tumor models; iNKTs infiltrate tumors where they are activated and proliferate over time. Flow cytometric analysis revealed infiltration of iNKT cells to the blood, spleen, bone marrow, and liver; iNKTs demonstrated potent preclinical tumor killing and cytotoxicity in solid and liquid cancers with a reduction in tumor size in the iNKT treated models; MiNK's novel CAR discovery platform, CARDIS, enables rapid and efficient identification of CAR candidates; MiNK's allogeneic iNKT cells can be engineered for selective targeting and Agent-F6 -BCMA-CAR-INKT is a highly potent cell therapy product showing cytotoxicity against BCMA expressing tumors cells. Novel-CAR-iNKT INDs are planned for 2022.
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ESPR | Hot Stocks08:26 EST Esperion presents three abstracts on NEXLETOL tablets - Esperion announced the presentation of three abstracts highlighting NEXLETOL tablets at the American Heart Association Scientific Sessions 2021 taking place on November 13-15, 2021. In the abstract, "Factors Associated with Enhanced Low-density Lipoprotein Cholesterol Lowering With Bempedoic Acid Among Patients Enrolled in Phase 3 Studies," LDL-C lowering with BA was examined using pooled data from four Phase 3 studies in 3,488 patients on background maximally tolerated statins. Overall, from baseline to Week 12, BA lowered LDL-C levels comparable to that of a moderate- or high-intensity statin in 28.9% of patients. In patients not receiving background statins, greater than 50% of patients achieved at least 30% LDL-C lowering with BA. A multivariate analysis showed that many factors, including the absence of baseline statin use, gender, history of diabetes mellitus, baseline ezetimibe, and higher hsCRP were associated with increased rates of achieving at least a 30% reduction in LDL-C with BA treatment. In "Efficacy and Safety of Bempedoic Acid in Patients With Metabolic Syndrome," pooled data from four Phase 3 studies were used to analyze the lipid-lowering efficacy, safety, and effect of BA on glycemic parameters and hsCRP according to baseline metabolic status. The analysis of 3,623 patients determined the incidence of treatment emergent adverse events was comparable in both subgroups. Overall, BA demonstrated comparable safety in both metabolic subgroups and greater lowering of LDL-C, HbA1c, and fasting plasma glucose levels in patients with metabolic syndrome vs nonMetS. The abstract, "Pharmacokinetics, Pharmacodynamics, and Safety of Bempedoic Acid in a Phase 1 Clinical Trial in Healthy Japanese, Chinese, and White Subjects," analyzed data from a double-blind, placebo-controlled study in a total of 40 healthy subjects randomized 3:1 to receive BA or placebo. Reductions in fasting LDL-C, non-HDL-C and hsCRP were observed with BA and the drug was well tolerated. PK differences were explained after normalizing by subject body weight and were not associated with any clinically meaningful differences in the efficacy or safety profiles of BA. Approved by the U.S. Food and Drug Administration, NEXLETOL is the first oral, once-daily, non-statin LDL-C-lowering medicine available to indicated patients in nearly 20 years. The approval of NEXLETOL was supported by a global pivotal Phase 3 LDL-C-lowering program conducted in more than 3,000 patients with ASCVD and/or HeFH. In these studies, NEXLETOL provided an average of 18% placebo-corrected LDL-C lowering when used with moderate or high-intensity statins. NEXLETOL is indicated as an adjunct to diet and maximally tolerated statin therapy for the treatment of adults with HeFH or established ASCVD who require additional lowering of LDL-C. The effect of NEXLETOL on cardiovascular morbidity and mortality has not yet been determined. Please see important safety information below.
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EMOTF | Hot Stocks08:25 EST Emerita Resources reports intersections of drill holes at Iberia Belt West, Spai - Emerita Resources announces that it has tendered for three additional diamond drills to be mobilized to the Iberia Belt West project bringing the total to five drills. The contracts are being finalized and it is expected rigs will arrive on the site within the next two weeks. Results have been received for drill holes IN017, IN021 and IN023. These drill holes were step outs to the nort. Mhineralization was encountered at shallower depths than expected due to the presence of a reverse fault that has displaced the mineralization up dip and closer to surface. Holes were extended until they also intercepted the mineralization at depth on the other side of the fault. Highlights: Drilling has demonstrated the mineralization continues to depth and has been displaced nearer surface along a reverse fault to the north. Mineralization in the "North Block" has been intersected by three holes, IN017, IN21 and IN23, which represents a continuous strike length of 300 m. Those intercepts are between 70 and 100 m deep. These three holes show 2 intercepts: a first intercept corresponding to the North Block and a second deeper intercept, which corresponds to the extension of the lens in the South Block. At depth, the three holes have also intercepted the South Block. The deepest extent of the South Block mineralization is approximately 150 m in this area of the deposit in hole IN021 which intersected 5.5m from 151.70 m deep, grading 0.8% Cu, 2.8% Pb, 5.7% Zn, 0.28 g/t Au, 62.5 g/t Ag. Hole IN023 is the westernmost hole. Grades are somewhat lower close to the fault as there is less massive sulphide mineralization and more stringer and semi massive mineralization due to structural effects in the high strain zone close to the structure. The mineralization continues to the west in both the south and north blocks, where a strong geophysical conductor has been identified by the TEM survey. This area also contains historical mine workings with two underground levels indicating the presence of mineralization. The mineralization also continues to the east in the North and South Blocks for approximately 400 m where a small historical mining excavation is located. These mining excavations are thought to be at least a century old. The depth extent and lateral continuity of the North Block mineralization block is currently being evaluated by holes IN024, IN025 and IN027. Due to restrictions related to hunting season holes to the west will commence after November 15. True widths are expected to be 90-95% of intersection width. Assays were conducted at ALS Laboratories, a certified independent assay lab.
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ADAP | Hot Stocks08:25 EST Adaptimmune presents translational data from Phase 1 SURPASS trial at SITC - Adaptimmune Therapeutics will present translational data from the Phase 1 SURPASS trial during the poster session at the Society for Immunotherapy of Cancer, SITC annual meeting. In addition, the Company will present a data update from four patients treated in the radiation sub-study of the Phase 1 trial with afami-cel. "The SURPASS data show that the addition of AKTi along with next-gen enhancements results in an improved and more potent SPEAR T-cell product," said Karen Miller, Adaptimmune's Senior Vice President, Pipeline Research. "The data we continue to generate in the Phase 1 SURPASS trial shows promising responses for patients across multiple solid tumor indications. We will continue to explore more next-gen enhancements and manufacturing improvements, informed by our ongoing translational research, to deliver the best cell therapies we can for people with cancer." In vitro analyses of manufactured product samples: ADP-A2M4CD8 SPEAR T-cells were manufactured with and without AKTi; Samples manufactured with AKTi expanded more effectively during manufacturing; Flow cytometry analyses of ADP-A2M4CD8 SPEAR T-cells demonstrated increased stem cell memory content of the transduced population in samples manufactured in the presence of AKTi compared to those manufactured without. Radiation sub-study of the Phase 1 trial with afami-cel: As of December 27, 2020, 4 patients received low-dose radiation and afami-cel; Overall response rate was 33%, 1 partial response out of 3 evaluable patients; Disease control rate was 100%, 1 PR, 2 stable diseases out of 3 evaluable patients; Serum cytokine profiles were consistent with afami-cel monotherapy, confirming no apparent impact of low-dose radiation on persistence and peripheral immune response; and There was greater detection of SPEAR T-cells in tumor biopsies when infusion followed low-dose radiation, compared to samples from patients who received afami-cel monotherapy in the Phase 1 trial
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CRVS | Hot Stocks08:23 EST Corvus Pharmaceuticals presents updated data from mupadolimab Phase 1/1b trial - Corvus Pharmaceuticals announced updated results from its Phase 1/1b clinical trial of mupadolimab, a humanized monoclonal antibody directed against CD73 with a proposed unique mechanism of activating B cells to generate immune responses to tumor antigens and viruses, and inhibiting the production of immunosuppressive adenosine in the tumor microenvironment. The clinical data, along with pre-clinical data, further strengthen mupadolimab's mechanism of action and demonstrate its potential anti-tumor activity in cancer patients. The data were made available today in an on-demand, electronic poster format for registered participants of the Society for Immunotherapy of Cancer Annual Meeting, which is taking place from November 10 to 14, 2021. The poster is also being presented in-person at SITC by Jason J. Luke, M.D., principal investigator of the trial and Director of the Cancer Immunotherapeutics Center at UPMC Hillman Cancer Center and Associate Professor of Medicine at the University of Pittsburgh School of Medicine. Mupadolimab is being studied in a Phase 1/1b clinical trial in patients with a variety of advanced, refractory cancers, including NSCLC and HNSCC that have failed previous treatment with anti-PD-1 therapy and chemotherapy. The study design included mupadolimab dose escalation from 1 mg/kg to 24 mg/kg intravenous infusion every 3 weeks until disease progression or dose limiting toxicities were reached. Cohorts of patients were treated with mupadolimab monotherapy; combination with ciforadenant, Corvus' small molecule inhibitor of the A2A receptor; combination with pembrolizumab; or triplet combination with ciforadenant and pembrolizumab. The data presented at SITC showed that mupadolimab doses of 12mg/kg are optimal, resulting in complete occupancy of the CD73 target and maximal effects on B cell activation. In the assessment of anti- tumor activity in patients receiving optimal doses of mupadolimab, tumor regression was seen in five patients who had progressive disease as best response to most recent therapy, which included anti-PD(L)1 therapy. This indicates that tumor regression could occur in patients with tumors refractory to anti-PD(L)1 that are treated with mupadolimab. Additional mupadolimab oncology program highlights from the SITC poster presentation include: Pharmacokinetic and pharmacodynamic results showed complete CD73 target occupancy with mupadolimab at doses of 12 mg/kg and higher. Doses up to 18 mg/kg were tolerated without dose limiting toxicities. Within 30 minutes of mupadolimab intravenous infusion, a reduction in B cells in blood was seen, consistent with redistribution of B cells to lymphoid tissues. Corvus presented updated preclinical data characterizing mupadolimab's dual mechanism of action: Mupadolimab is an IgG1 humanized antibody that has been engineered to be Fc gamma receptor binding deficient. Lab data demonstrated that it completely blocks adenosine production from AMP without a hook effect, which is a reduction in binding with higher concentrations of antibody that may limit efficacy to a narrow range of concentrations. In vitro studies showed that binding of mupadolimab to B cells stimulates activation and differentiation into plasmablasts in a mechanism that is independent of adenosine. In vitro studies showed that T cell functions are inhibited by adenosine monophosphate and restored by the addition of mupadolimab. Corvus analyzed CD73 expression in tumor biopsies, obtained from outside sources, using immunohistochemistry from 75 patients with NSCLC and 31 patients with HNSCC. High CD73 expression was seen in tumor cells and/or stroma in all patients. In HNSCC, CD73 expression is predominantly stromal. Corvus is also developing mupadolimab as a therapeutic for infectious disease, starting with COVID-19. Preclinical data with humanized mice inoculated with SARS-CoV-2 and influenza viral antigens showed that treatment with mupadolimab enhanced antibody responses that were viral specific, demonstrating its potential to be a universal therapy or adjuvant for viral diseases. In September, Corvus announced results from its Phase 3 clinical trial of mupadolimab for COVID-19, which have been published online at medRxiv.org. The results, which cover 40 patients that were enrolled in the trial prior to its voluntary discontinuation, suggest improvement in the primary and key secondary endpoints in patients treated with single doses of mupadolimab at 2mg/kg and 1mg/kg compared to placebo. Due to the small sample size, the results did not reach statistical significance. No drug related adverse events were reported in the trial.
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KYMR | Hot Stocks08:21 EST Kymera Therapeutics presents new preclinical data on STAT3 degraders at SITC - Kymera Therapeutic presented new preclinical data from its STAT3 degrader program at the Society for Immunotherapy of Cancer's, SITC 36th Annual Meeting. The results reveal Kymera's potent and selective STAT3 degraders exhibited anti-tumor activity in multiple preclinical animal models of solid and hematologic malignancies that respond poorly to immunotherapies. Administration of a tool STAT3 degrader, KTX-201, led to molecular and cellular changes in the tumor microenvironment that were predictive of favorable responses to checkpoint inhibition. Consistent with these findings, KTX-201 sensitized these tumors to anti-PD1 treatment when administered in combination, leading to durable anti-tumor responses and development of long-term immunological memory. STAT3 is a transcription factor activated through a variety of different cytokine and growth factor receptors via Janus kinases, as well as through oncogenic fusion proteins and mutations in STAT3 itself. STAT3 hyperactivation is prominent in numerous liquid and solid tumors, including clinically aggressive lymphomas. "Research presented to date on Kymera's STAT3 degraders has bolstered our knowledge of the mechanisms underlying the anti-tumor and immunomodulatory effects associated with STAT3 degradation," said Nello Mainolfi, PhD, Co-Founder, President and CEO, Kymera Therapeutics. "We are eager to advance KT-333, a first-in-class selective STAT3 degrader for liquid and solid tumors into Phase 1 clinical trials by the end of 2021."
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ACET | Hot Stocks08:20 EST Adicet Bio presents preclincial data for ADI-002 - Adicet Bio announced the presentation of new preclinical data supporting its Glypican-3 targeted allogeneic, off-the-shelf gamma delta chimeric antigen receptor T cell development candidate for solid tumors at the 36th Society for Immunotherapy of Cancer Annual Meeting. ADI-002 is an investigational allogeneic gamma delta CAR-T cell therapy developed and engineered by Adicet to express a GPC3-targeted CAR and a cell intrinsic soluble form of IL-15 designed to promote additional expansion and activity at the site of tumor engagement. It is the first of Adicet's product candidates designed specifically to target solid tumors. Results presented at the SITC Annual Meeting detail findings from in vitro and in vivo preclinical evaluations of ADI-002. ADI-002 demonstrated expansion of gamma delta 1 T cells during manufacture with a predominant naive-like phenotype. ADI-002 cells also demonstrated high expression of innate activating receptors, including NKG2D and DNAM-1, while maintaining a lower abundance of cells expressing exhaustion markers PD-1, LAG-3, TIGIT, and TIM-3. In vitro, ADI-002 demonstrated potent and specific cytotoxicity against GPC3-positive cancer cell lines associated with high and low levels of target expression. The demonstrated in vitro killing activity of ADI-002 on cancer cells was associated with release of multiple effector cytokines. ADI-002 further demonstrated enhanced depth, duration and persistence of in vitro killing activity and was associated with increased proliferative potential. In vivo, ADI-002 was evaluated in mice engrafted with human hepatocellular carcinoma tumors that naturally express GPC3. ADI-002 exhibited potent antitumor activity following a single dose without evident toxicities or graft versus host effects. Tissue-specific homing and proliferation of ADI-002 were compared to that of GPC3-targeted alphabeta CAR-T cells. ADI-002 cells specifically homed to, and proliferated within the tumors, whereas alphabeta CAR-T cells demonstrated high levels of off-target proliferation in mouse organ systems. These results demonstrate that, unlike alphabeta CAR-T cells, ADI-002 and the Company's gamma delta T cell platform achieved reduced alloreactive potential in these models without the need for manipulation of T cell receptors or incurring additional risks associated with genome editing. Together, Adicet believes these data support initial evaluation of safety and efficacy for ADI-002 in GPC3-positive malignancies.
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CDAK | Hot Stocks08:19 EST Codiak presents new preclinical data at SITC 2021 on engEx Platform - Codiak BioSciences announced that new preclinical data from programs using its engEx Platform will be presented this week at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, SITC. Results from three preclinical studies highlight the potential for engineered exosomes to elicit a therapeutic immunological response with cancers and targets that have been historically difficult to drug, presenting new potential applications for the company's clinical and preclinical candidates. Codiak has two programs currently in clinical development, exoIL-12 and exoSTING, for the treatment of lymphoid and solid tumors, respectively. In addition, the company expects to file an IND for exoASO-STAT6 - a novel exosome therapeutic carrying an antisense oligonucleotide to target the transcription factor, STAT6 - in Q4 2021. Codiak is presenting the following three posters at SITC 2021: "exoSTING Demonstrates Potent Anti-Tumor Activity in a Mouse Model of Leptomeningeal Disease." In a mouse model of leptomeningeal disease, LMD, an aggressive cancer of the central nervous system that occurs when primary tumors, typically from lung, breast and melanoma cancers, spread to the intracranial space, exoSTING improved overall survival in a dose-dependent manner with 100% complete response rates observed in the three highest doses tested. Title: "Combination Therapy of exoSTING and exoIL-12 Activates Systemic Anti-Tumor Immunity." Both exoSTING and exoIL-12, when administered as a monotherapy, elicit potent and selective immune responses in preclinical tumor models. Data presented at SITC 2021 show that the combination of the two therapies together resulted in increased anti-tumor activity in both injected and non-injected tumor models compared to each therapy administered alone. Specifically, the combination provided 93% and 78% tumor growth inhibition in injected and non-injected tumors, respectively, in an anti-PD-1 refractory melanoma tumor model, compared to 44% TGI in non-injected tumors with exoSTING and 48% with exoIL-12 alone. This triple combination resulted in up to 100% complete responses in both injected and non-injected tumors and, upon rechallenge, no new tumors grew. Title; "Exosome Mediated Reprogramming of Tumor Associated Macrophages by exoASO-STAT6 for the Treatment of Hepatocellular Carcinoma." When administered intravenously in preclinical models of HCC, exoASO-STAT6 demonstrated: Dose-dependent and durable oligonucleotide accumulation in liver models; Significant and durable STAT6 mRNA knockdown in murine and NHP models; Attenuation of tumor growth, including complete remission of tumor lesions in 50% of treated mice; Enhanced anti-tumor activity when combined with anti-PD1 antibodies; and Consistent PK, PD and effective STAT6 silencing across in vitro and multiple in vivo settings
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ATNM | Hot Stocks08:18 EST Actinium Pharmaceuticals reports HER2-ARC + anti-CD47 SITC poster highlights - Actinium Pharmaceuticals announced that data highlighting an anti-HER2 antibody radiation conjugate in combination with a CD47 blocking antibody immunotherapy in solid tumor models are being presented at the 36th Annual Meeting of the Society for Immunotherapy for Cancer November 12th - 14th. Actinium evaluated the anti-HER2 antibody trastuzumab conjugated with either Actinium-225 or Lutetium-177 radioisotope payloads to explore potential synergies in combination with CD47 blocking antibodies. CD47 is a macrophage checkpoint which is upregulated in certain cancers, that acts as a "don't eat me" signal on cancer cells to suppress phagocytosis and evade detection and destruction by the immune system. Actinium is exploring ARC combinations with CD47 blocking antibodies in solid tumors and blood cancers to evaluate mechanistic synergies including the ability to upregulate the cell surface "eat me" signal calreticulin via targeted radiotherapy. HER2-ARC + anti-CD47 SITC Poster Highlights: HER2 targeting properties remained intact after radiolabeling trastuzumab with Ac-225 or Lu-177 as determined by binding to HER2 expressing cells. Calreticulin cell surface levels were increased in multiple cell lines after exposure to HER2-ARC. Phagocytosis was increased as much as 2-fold with the combination of a HER2-ARC and an anti-CD47 antibody compared to either as a single agent . Enhanced therapeutic efficacy with both improved tumor control and survival with the HER2-ARC and anti-CD47 blocking antibody combination compared to either as a single agent shown solid tumors in vivo models.
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FLUX | Hot Stocks08:18 EST Flux Power says supply chain disruptions continue - The company said, "The supply chain disruptions continue, with delivery delays at the ports of Los Angeles and Long Beach. Prices for steel and electrical components have seen dramatic increases, along with shipping costs over the past twelve months. No immediate abatement to these challenges is anticipated within the next several months. A price increase was implemented in October to offset these increases, although there will be limited benefit near term, given pricing in much of the current backlog of orders. The current backlog of $28M reflects continued strong demand from both new and existing customers. Less than $2M of the current backlog is directly related to supply chain delays. As the airline industry recovers from the COVID-19 pandemic, there is increasing demand for zero-emission GSE battery packs, which support the many environmental initiatives underway at airlines and airports. Product development work continues on a new design platform for battery packs to achieve improvements with regard to manufacturing complexity, product cost, and working capital."
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DERM FBIO | Hot Stocks08:13 EST Journey Medical prices $35.2M IPO - Journey Medical Corporation, a subsidiary of Fortress Biotech, announced the pricing of its initial public offering of common stock. Journey Medical's pricing of its underwritten public offering consisted of 3,520,000 shares of its common stock at a price to the public of $10 per share for gross proceeds to Journey Medical of $35.2 million. Journey Medical expects to receive approximately $31.4 million in net proceeds from the offering, after deducting underwriting commissions and estimated offering expenses. Journey Medical also has granted the underwriters a 30-day option to purchase up to 528,000 additional shares of common stock, at the public offering price, less the underwriting discount, to cover over-allotments, if any. All of the shares of common stock are being offered by Journey Medical. Journey Medical's common stock is expected to begin trading on the Nasdaq Capital Market on November 12, 2021 under the ticker symbol "DERM." The offering is expected to close on November 16, 2021, subject to customary closing conditions.
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VLON | Hot Stocks08:13 EST Vallon Pharmaceuticals expects cash to provide funding into Q3 of 2022 - As of September 30, 2021, the Company had cash, cash equivalents and marketable securities of approximately $9.1M.
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MNPR | Hot Stocks08:11 EST Monopar Therapeutics plans to raise additional funds and/or engage partner - Cash and cash equivalents as of September 30, 2021, were $22.3 million. Monopar anticipates that its current cash and cash equivalents will fund: the Phase 2b portion of the VOICE clinical trial; the commencement of the Phase 3 portion of the VOICE clinical trial; and the Phase 1b camsirubicin clinical trial through December 2022. The Company plans to raise additional funds and/or engage a partner within the next 12 months to complete the VOICE clinical program and continue camsirubicin clinical development beyond the Phase 1b clinical trial.
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MOTS | Hot Stocks08:09 EST Motus GI Holdings expects cash balance to fund operations through 2022. - The Company reported $23.7M in cash and cash equivalents as of September 30, 2021. This balance includes $9.0M of an up to $12.0M credit facility with Kreos Capital, which was put in place during the third quarter.
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DICE | Hot Stocks08:09 EST Dice Therapeutics expects cash to fund operations through 2023 - Cash and cash equivalents and marketable securities totaled $335.7 million at September 30, 2021. The company expects its current cash position to fund operations through the end of 2023 and through key clinical milestones.
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DRNA | Hot Stocks08:08 EST Dicerna presents results from belcesiran trial at AASLD - Dicerna presented results from its Phase 1 double-blind, placebo-controlled, randomized trial of belcesiran, an investigational GalXC RNAi therapeutic in development for the treatment of alpha-1 antitrypsin, or AAT, deficiency-associated liver disease, or AATLD. These data expand upon interim results announced in July, demonstrating the safety and tolerability of single ascending doses of belcesiran in healthy volunteers and further reaffirming the dosing regimen established for the ESTRELLA Phase 2 study of belcesiran. In addition, the data demonstrated robust, dose-dependent reductions in serum AAT through the 6 mg/kg dose level, with a maximum individual reduction of 91%. The data were presented in a poster at The Liver Meeting, the annual meeting of the American Association for the Study of Liver Diseases. Robust, dose-dependent reductions in serum AAT were observed up to six mg/kg following a single dose of belcesiran, with the six mg/kg and 12 mg/kg cohorts achieving similar AAT reductions. Mean serum AAT reductions from baseline at end of treatment for doses greater than 0.1 mg/kg were 48%, 67%, 77% and 78%, with maximum reductions occurring approximately eight weeks post-dose. Two participants achieved a maximum serum AAT reduction of approximately 90%; both participants received belcesiran 6 mg/kg. No severe or serious treatment-emergent adverse events, or TEAEs, were reported. Most TEAEs were mild or moderate and were determined to be unrelated to belcesiran treatment. No dose-dependent increases in frequency or severity of TEAEs, or abnormalities in safety labs, ECGs, physical exams or vital signs were observed. Normal lung function was maintained. There were no dose-dependent changes in spirometry measurements, and percent predicted DLCO repeat measurements remained within normal limits. No clinically significant changes in laboratory safety tests, including liver function tests, were reported for any belcesiran dose.
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ATNM | Hot Stocks08:07 EST Actinium reports data from Actimab-A in combination with a CD47 studies - Actinium Pharmaceuticals announced that data highlighting Actimab-A in combination with a CD47 blocking antibody immunotherapy are being presented at the 36th Annual Meeting of the Society for Immunotherapy for Cancer November 12th - 14th. The poster presentation highlights that in multiple AML cell lines, Actimab-A induced an increase in cell surface calreticulin as much as 3-times higher than control. When combined with a CD47 blocking antibody, enhanced pro-phagocytic immune response was seen in vitro across 3 AML cell lines. In vivo studies in disseminated AML tumor models showed a significant increase in survival with the Actimab-A plus CD47 immunotherapy combination compared to single agent therapy. Actimab-A is an antibody radiation conjugate comprised of a CD33 targeting antibody armed with the alpha-emitting radioisotope Actinium-225, which has shown single agent anti-leukemic activity in a Phase 2 trial as well as synergy in combination with chemotherapy and targeted agents in Phase 1 trials.
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CADL | Hot Stocks08:06 EST Candel Therapeutics presents data on CAN-3110 at the SITC meeting - Candel Therapeutics announced presentation of novel biomarker data from their ongoing phase 1 open-label, dose-escalation clinical trial of CAN-3110 in patients with recurrent high-grade glioma, HGG. CAN-3110 is an HSV replication-competent oncolytic virus engineered to provide selective killing of cancer cells while sparing neighboring healthy cells. The presentation entitled "Detection of viral antigen and immune activation after intra-tumor injection of CAN-3110 in patients with recurrent high-grade glioma" was presented at the SITC 36th Annual Meeting by Candel's Vice President and Head of Research, Francesca Barone, MD, PhD. During the American Society of Clinical Oncology, ASCO, Annual Meeting in June 2021, Candel reported preliminary clinical data demonstrating an overall survival of 11.7 months in this difficult-to-treat patient population. The current presentation, focused on the biological findings of this study, showed the ability of CAN-3110 to induce immune activation both locally in the tumor microenvironment and systemically in peripheral blood. Histologic analysis and molecular profiling of post-treatment brain samples demonstrated persistence of viral antigen associated with significant T-cell infiltration in the tumor parenchyma as well as a molecular signature consistent with local activation of innate and adaptive immunity. Analysis of post-treatment serum samples showed upregulation of pro-inflammatory cytokines and chemokines. These findings collectively indicate that CAN-3110 treatment can induce both local and systemic immune activation associated with an "encouraging clinical response," the company said.
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RXDX | Hot Stocks08:06 EST Prometheus announces upcoming milestones - Final results from the Phase 1a trial of PRA023 expected in 4Q 2021; New indication announcement for PRA023 in 4Q 2021; Investigational Device Exemption submission of the companion diagnostic for PRA023 planned for 3Q 2022; IND submission for PR600 planned for 3Q 2022; Topline results from the ARTEMIS-UC Phase 2 study expected in 4Q 2022; Topline results from APOLLO-CD Phase 2a study expected in 4Q 2022.
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IDEX | Hot Stocks08:05 EST Ideanomics launches new brand, JUSTLY Markets - Ideanomics announced that its Capital division, focused on disruptive solutions for the financial services industry, has launched a new brand, JUSTLY Markets, a FINRA and SEC registered impact investing broker-dealer focused on helping investors and advisors gain access to environmental, social and governance based investments. JUSTLY Markets LLC, formerly Delaware Board of Trade, plans to provide a curated crowdfunding equity platform of private impact investments to advisors, registered investment advisors, family offices, angels, and accredited and non-accredited investors from all income levels. JUSTLY also plans to provide founders seeking to fundraise up to $500+ million with a community of avid supporters and angel investors who are committed to ESG-focused companies and initiatives. Paul Karrlsson-Willis is the newly appointed CEO of JUSTLY.
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CADL | Hot Stocks08:05 EST Candel Therapeutics expects cash to fund operations into Q2 of 2023 - Cash and cash equivalents as of September 30, 2021 were $88.4M, as compared to $35.1Mas of December 31, 2020. The increase was due to successful completion of the Company's initial public offering in August 2021, which provided net proceeds of $71.3 million, after deducting underwriting discounts and commissions and offering expenses and the use of $18.3 million to fund operating activities and capital expenditures for the nine months ended September 30, 2021.
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OPRA | Hot Stocks08:05 EST Opera expands Dify cashback service to Poland, Russia and Ukraine - Opera recently announced the expansion of its new integrated browser cashback service, Dify, to Poland, Russia and Ukraine. This makes Opera the first to provide users with an integrated, seamless, non-intrusive cashback experience inside their browser.
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WBA | Hot Stocks08:05 EST Walgreens Boots Alliance, VillageMD to expand primary care practices in Florida - Walgreens Boots Alliance and VillageMD announced plans to open 20 new Village Medical at Walgreens primary care practices in the Tampa area over the next year. The first Village Medical at Walgreens location in Tampa opened on October 26 at 6996 U.S. Highway 19 North in Pinellas Park, with several more openings to follow in early 2022. These openings represent expansion into the second major market in Florida, following Orlando, which will have 10 locations by the end of 2021.
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WYNN AUS | Hot Stocks08:03 EST Wynn Resorts, Austerlitz Acquisition terminate business combination agreement - Wynn Resorts (WYNN) and Austerlitz Acquisition Corporation I (AUS) announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger, which contemplated the combination of Austerlitz I and Wynn Interactive, a subsidiary of Wynn Resorts. The termination is effective immediately. Craig Billings, CEO of Wynn Interactive, stated, "With our continued roll out of product features and planned new state launches, including New York, we remain excited about WynnBET's future. As we discussed on the Wynn Resorts, Limited third quarter earnings conference call earlier this week, in light of elevated marketing and promotional spend in the sports betting industry, we are pivoting our user acquisition efforts to a more targeted ROI-focused strategy. In so doing, we expect the capital intensity of the business to decline meaningfully beginning in the first quarter of 2022. WynnBET's best days lie ahead of us."
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NCTY | Hot Stocks08:03 EST The9 expands U.S. crypto mining operations - NBTC Limited, a wholly-owned subsidiary of The9 Limited, and Compute North announced an agreement for Compute North to provide more than 32MW of capacity for 10,000 Bitmain S19j miners that NBTC will deploy in the United States, beginning in the second quarter of 2022. NBTC has an additional 14,000 Bitmain S19j miners that are expected to be deployed with hosting partners in other countries such as Canada, starting from December this year.
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LGVN | Hot Stocks08:02 EST Longeveron expects cash to cover requirements through at least 4Q22 - Cash and short term investments was $19.0 million compared to $1.4 million as of September 30, 2021 and 2020, respectively. The increase in cash period over period was the result of the completion of the Company's initial public offering in February of 2021. Financial Outlook Based on the Company's current operating plan and financial resources, we believe that our existing cash on hand will be sufficient to cover expenses and capital requirements through at least the fourth quarter of 2022.
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PRLD | Hot Stocks08:02 EST Prelude Therapeutics expects cash to fund operations into second half of 2023 - Cash, cash equivalents, and marketable securities as of September 30, 2021 were $320.9 million.
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XLO | Hot Stocks08:00 EST Xilio Therapeutics announces preclinical data on XTX301 at SITC meeting - Xilio Therapeutics announced data from preclinical studies of XTX301, an engineered tumor-selective interleukin-12 product candidate, demonstrating selective anti-tumor activity and favorable tolerability with minimal systemic activity. These data are highlighted in a poster at the Society for Immunotherapy in Cancer's, SITC, 36th Annual Meeting. In addition, Xilio will present an overview of its Phase 1/2 clinical trial design of XTX101, its tumor-selective anti-CTLA-4 monoclonal antibody product candidate, in patients with solid tumors. "The presentations at SITC exemplify the progress we've made at Xilio in 2021 with our pipeline of clinical and preclinical-stage tumor selective antibody and cytokine product candidates," said Martin Huber, M.D., president of R&D and chief medical officer of Xilio. "IL-12 has the potential to be a meaningful treatment for patients with cancer, but current therapies are encumbered with severe toxicities due to their peripheral activity, leading to sub-optimal dosing and limited efficacy. Using our GPS platform, we have engineered XTX301 to achieve systemic delivery of tumor-selective IL-12, while avoiding the known side effect challenges. These preclinical data showcase our engineering efforts to activate XTX301 only when it is within the tumor microenvironment, resulting in the potential to achieve an optimized therapeutic index and enhanced anti-tumor activity. We look forward to further advancing this program, with plans to submit an investigational new drug application to the FDA in the second half of 2022." Title: "XTX301, a Protein-Engineered IL-12, Exhibits Tumor-Selective Activity in Mice Without Peripheral Toxicities and is Well Tolerated in Non-human Primates." Key findings from the poster are from preclinical studies in mouse and non-human primate models. In these preclinical studies: XTX301 showed no detectable binding to IL-12 receptors in its masked form. Cleavage of the masked molecule by matrix metalloproteinases restored binding of XTX301 to IL-12 receptors, demonstrating that the masking domain prevents interaction with the receptor. XTX301 demonstrated equivalent in vitro potency compared to the non-masked control. XTX301 became pharmacologically active upon MMP cleavage in primary human immune cells. mXTX301 demonstrated up to 90% tumor growth inhibition in mouse models, was well-tolerated and induced minimal peripheral immune activation. mXTX301 induced an approximately three-fold increase in immune infiltrate within tumors compared to the vehicle control and approximately 150-fold less peripheral immune activation, thereby avoiding the body weight loss and morbidity in mice that was associated with doses of non-masked control required for tumor growth inhibition. In an NHP model, XTX301 was well-tolerated, with minimal systemic toxicity observed at doses up to 1.5 mg/kg.
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ALRN | Hot Stocks07:59 EST Aileron Therapeutics expects cash to fund operations into 2H23 - Cash, cash equivalents and investments on September 30, 2021 were $52.2 million. The company expects, based on its current operating plan, that its existing cash, cash equivalents and investments will fund operations into the second half of 2023.
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EDIT | Hot Stocks07:58 EST Editas Medicine presents preclinical data on iPSC-derived NK cells - Editas Medicine announced preclinical data on its progress in the development of novel engineered induced pluripotent stem cell, iPSC,-derived natural killer, NK, cells, iNK, for the treatment of cancer. In the presentation, the company showed a new method to achieve high-levels of expression of CD16 and Interleukin-15 in iNK cells by using the Company's proprietary CRISPR/Cas12a-mediated SLEEK technology to simultaneously knock-in both functional genes. The modifications resulted in improved serial tumor killing and dramatically increased NK cell persistence. The Company reported these findings in a poster presentation today at the Society for Immunotherapy of Cancer 36th Annual Meeting being held in Washington, D.C.. In these experiments, iPSCs were edited using the Company's SLEEK gene editing technology at the GAPDH locus with a proprietary, Editas-engineered AsCas12a nuclease to knock-in high-affinity CD16 and membrane bound IL-15. iPSC clones were then differentiated into iNKs that were confirmed to express high levels of CD16 and IL-15. IL-15 is important for NK cell survival, and increasing IL-15 expression prolongs the persistence of NK cells. Results demonstrated that the edited iNK cells exhibited enhanced serial tumor cell killing through ADCC in a2D assay against SKOV-3 ovarian cancer cells and in a 3D tumor spheroid killing assay. The edited iNK cells were also able to persist for a dramatically longer period of time relative to unedited iNK cells. "In this promising new research, we demonstrate the use of our proprietary SLEEK technology to knock-in both CD16 and IL-15 into iNK cells. The engineered cells demonstrated potent anti-tumor activity and substantially increased persistence without systemic cytokines, an important limitation with many existing NK cell approaches. We also believe this to be a potentially safer and more reliable approach to developing next generation NK cell therapy medicines because through our iPSC development process, we only select cell clones that have exactly the desired on-target edits, thereby avoiding the possibility of cell abnormalities being introduced," said Mark S. Shearman, Ph.D., Executive Vice President and Chief Scientific Officer, Editas Medicine. "NK cells are great candidates for off-the-shelf immunotherapy medicines given their high tumor killing capacity and their low propensity for graft-versus-host disease, and we believe these data provide evidence for the potential of future experimental medicines from our iNK program to exert enhanced anti-tumor activity in the clinic in the treatment of solid tumors."
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APLS | Hot Stocks07:58 EST Apellis reiterates plan to submit NDA for pegcetacoplan in 1H22 - Apellis Pharmaceuticals announced that it received formal, written feedback from the U.S. Food and Drug Administration that further reinforces the company's plans to submit a New Drug Application for intravitreal pegcetacoplan for geographic atrophy secondary to age-related macular degeneration. The NDA will be supported by efficacy and safety data from the Phase 3 DERBY and OAKS studies and the Phase 2 FILLY study. In the written feedback, the FDA stated that they do not make a distinction between Phases, provided a clinical trial is adequate and well controlled, and that all three studies appear to be adequate and well controlled. Based on this feedback, Apellis remains on track to submit an NDA in the first half of 2022 and believes that no additional studies will be needed for the NDA submission.
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IMO XOM | Hot Stocks07:58 EST Imperial Oil plans to accelerate share repurchases under NCIB - Imperial Oil (IMO) announced that it plans to accelerate its share purchases under its normal course issuer bid, or NCIB. The current NCIB allows Imperial to repurchase up to 5% of its 711,673,439 outstanding common shares as of June 15 or a maximum of 35,583,671 shares prior to June 28, 2022. This maximum includes shares purchased from Exxon Mobil (XOM) outside of, but concurrent with the NCIB to maintain its proportionate share ownership. As of the end of October, Imperial had repurchased 11,956,028 shares under the NCIB and from ExxonMobil. By accelerating its purchases, Imperial now plans to repurchase the remainder of the maximum number of shares allowed by the end of January, 2022. Based on the weighted average price paid for purchases in October under the NCIB program of $42.70, the acceleration would represent an aggregate return of over $1B to participating shareholders from November to the end of January, 2022. Actual cost of purchases will be based on prices at the time of purchase in accordance with the NCIB rules. Purchase plans may be modified at any time without prior notice.
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AGEN | Hot Stocks07:56 EST Agenus presents clincial data for AGEN1181 - Agenus announced the presentation of new clinical data for AGEN1181 as monotherapy and in combination with balstilimab at the Society for Immunotherapy of Cancer 36th Annual Meeting. As of the data cut-off date of September 17, 2021, one hundred and sixteen patients received AGEN1181 in a dose escalation study to determine the optimal monotherapy dose and combination dose with balstilimab. Of note, this population was heavily pre-treated, with over half of these patients receiving at least 3 prior lines of therapy and nearly a third of patients receiving prior anti-PD-1 therapy. There were four cases of confirmed objective responses to AGEN1181 monotherapy. These include a complete response in MSS endometrial cancer, and partial responses in pancreatic cancer, as well as PD-1 refractory cervical cancer. These are the first reported responses to CTLA-4 monotherapy in these disease settings. The fourth response was in a patient with PD-1 refractory melanoma. Of note, three of the monotherapy responders expressed the low affinity FcgammaRIIIA receptor, which is associated with lack of response to first-generation CTLA-4 inhibitors. Significant benefit was also observed with the combination of AGEN1181 and balstilimab across multiple "cold" cancers studied, with greater than60% of evaluable patients receiving at least 1 mg/kg AGEN1181 experiencing disease control. Among 20 evaluable patients with microsatellite stable colorectal cancer, where PD-1 inhibitors have historically shown limited to no activity2-5, there were three confirmed PRs and one unconfirmed PR. In addition, ten cases of stable disease were observed, with one patient's tumor burden reduced by 27%. The disease control rate among these MSS CRC patients was 70%. Among 9 evaluable ovarian cancer patients receiving at least 1 mg/kg of AGEN1181 in combination with balstilimab, there were three confirmed PRs and two cases of SD. Compelling clinical activity was also seen in MSS-endometrial cancer as both patients treated with combination therapy demonstrated PRs; all three patients with MSS endometrial cancer treated with AGEN1181 had objective responses. Additional responders to combination therapy include 1 confirmed PR in a NSCLC patient who failed prior PD-1 therapy, 2 confirmed PRs in visceral angiosarcoma, and 1 unconfirmed PR in leiomyosarcoma. Responses in this Phase 1 trial have been durable, with half lasting at least 24 weeks and the majority ongoing. AGEN1181 was well tolerated with no hypophysitis, pneumonitis, or high-grade hepatitis. Rates of gastrointestinal and skin toxicities were comparable to those observed with first-generation CTLA-4 inhibitors. Based on these data, multi-arm, randomized phase 2/3 trials investigating AGEN1181 as monotherapy and in combination with balstilimab in MSS-CRC and gynecological cancers are being initiated. The design of these trials may support a potential filing for full and/or accelerated approval based on the magnitude of benefit demonstrated in the studies. Combination studies of AGEN1181 with AGEN2373, a conditionally active CD137 agonist, are expected to begin later this year in PD-1 refractory melanoma.
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HARP | Hot Stocks07:55 EST Harpoon Therapeutics presents data on TriTAC-XR T cell engager platform - Harpoon Therapeutics presented a poster with preclinical data on its TriTAC-XR T cell engager platform at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, SITC, in Washington, D.C. The poster, titled "TriTAC-XR is an extended-release T cell engager platform designed to minimize cytokine release syndrome by reducing Cmax in systemic circulation," showcased preclinical data supporting the novel platform. The platform is designed to minimize on-target cytokine release syndrome, a hallmark of many T cell engagers that can lead to dose limiting toxicities. "The introduction of TriTAC-XR represents the third T cell engager platform and the second protease-activated T cell engager prodrug platform from Harpoon. This further showcases the productivity and creativity of our research efforts, and our commitment to the development of best-in-class T cell engagers," said Julie Eastland, Chief Executive Officer of Harpoon Therapeutics. Preclinical data from the TriTAC platform demonstrated: TriTAC-XR is an extended-release T cell engager platform designed to mitigate cytokine release syndrome by releasing active T cell engagers from an inactive prodrug in a temporally controlled fashion, thus avoiding the very high exposures that occur shortly after administration with constitutively active molecules. A single dose of FLT3 TriTAC-XR produced similar PD effects with significantly lower cytokines than a comparable TriTAC in non-human primate animal models. The expected safety improvement of TriTAC-XR could enable the treatment of non-oncology diseases in addition to solid tumors and hematologic malignancies.
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ARAV | Hot Stocks07:54 EST Aravive announces preliminary data from Phase 1b of ABV-500 with cabozantinib - Aravive announced positive new data from the Phase 1b portion of its open-label Phase 1b/2 trial evaluating batiraxcept, AVB-500, in combination with cabozantinib in patients with clear cell renal cell carcinoma, ccRCC. A subset of these data was included in a poster presentation at the Society for Immunotherapy of Cancer's 36th Annual Meeting. "We are encouraged by batiraxcept's early profile in patients with clear cell renal cell carcinoma," said Gail McIntyre, Ph.D., DABT, Chief Executive Officer of Aravive. "The current response rate of batiraxcept in combination with cabozantinib is encouraging. Cabozantinib alone produces response rates between 17-28% in a similar population. In heavily pretreated patients, batiraxcept demonstrates clinical activity across the 15 mg/kg and 20 mg/kg doses with a tolerable safety profile. These results reinforce our confidence in the potential of batiraxcept to improve outcomes across multiple types of cancer by targeting the GAS6/AXL signaling pathway. We look forward to initiating the Phase 2 trial in the fourth quarter of 2021 and building on these promising data." Safety Data: Analysis of all safety data demonstrates that batiraxcept has been well-tolerated with no dose-limiting toxicities. There have been no batiraxcept-related serious adverse events reported to date. There were no batiraxcept-related Grade 4 or 5 adverse events. 3 patients experienced Grade 3 adverse events considered by the investigator as potentially being related to both batiraxcept and cabozantinib. All events are known adverse events associated with cabozantinib use. PK/PD Data: PK analyses indicate that batiraxcept trough levels were above the minimally efficacious concentration of 13.8 mg/L prior to cycle 2 day 1 in the first 10 efficacy-evaluable patients. Clinical Activity Data: Best overall response of partial response was observed in 7 of 16 evaluable patients across both dose levels. 9 of 16 patients had a best overall response of stable disease. No patients had progressive disease at their first radiological exam. 7 of 16 patients have had at least 16 weeks of follow up. 5 of the 7 patients have confirmed partial responses and 2 of the 7 patients achieved confirmed stable disease. 88% of patients had tumor decrease from baseline. 4 patients had 1 or more target lesions completely disappear. 2 patients had target lesions decrease from baseline by more than 76%. This clinical activity was observed despite cabozantinib dose reductions with median cabozantinib dose intensity of 41 mg.
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MT SCGLY | Hot Stocks07:53 EST ArcelorMittal receives shareholding notifications from Societe Generale - ArcelorMittal announces that on 10 November 2021 it received two shareholding notifications from Societe Generale SA. The notification were made to reflect Societe Generale SA's entry into various financial instruments. According to the notifications, the following thresholds of voting rights were reached: - 4.97% on 05 November 2021, and - 5.68% on 08 November 2021.
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TPST | Hot Stocks07:52 EST Tempest Therapeutics presents data supporting dual mechanism of TPST-1495 - Tempest Therapeutics reported in vitro and in vivo preclinical data demonstrating the potent dual mechanistic activity of TPST-1495, an orally-available small molecule designed to block the EP2 and EP4 receptors in the prostaglandin pathway. The data show that TPST-1495 effectively promotes anti-tumor activity through both T cell-dependent and -independent mechanisms. TPST-1495 is currently being evaluated in an ongoing Phase 1a/1b dose and schedule optimization trial in patients with solid tumors. Presentation Highlights: TPST-1495 therapy promotes anti-tumor activity through both T cell-independent and T-cell dependent mechanisms, as evidenced by TME infiltration of effector immune cell populations and tumor antigen-specific CD8+ T cells; TPST-1495 therapy confers a significant survival advantage compared to therapy with single EP2 or EP4 antagonists, or the NSAID Celecoxib, in the APCmin/+ spontaneous tumor mouse model of CRC; TPST-1495 confers near complete restoration of immune function including activation of human antigen-specific CD8+ T cells in vitro, even in the presence of elevated PGE2 concentrations at which single EP4 or EP2 inhibitors are not effective. A summary of the near-term clinical development strategy that focuses on patients with histologies known to be prostaglandin-driven, as well as patients with the PIK3CA mutation, a potential biomarker.
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BOLT | Hot Stocks07:50 EST Bolt Biotherapeutics presents new preclinical data from three programs - Bolt Biotherapeutics announced the company will be presenting posters with new data from three of its pipeline programs on Saturday, Nov. 13, at the 2021 Society for Immunotherapy of Cancer, SITC, Annual Meeting. Highlights of the three poster presentations follow, and copies of the posters are available on the Bolt Biotherapeutics website. Poster: "BDC-2034: Discovery of a CEA-targeting Immune-Stimulating Antibody Conjugate for Solid Tumors." Key findings from the study: Applying Boltbody platform technology, Bolt Biotherapeutics scientists have developed a novel CEA-targeted ISAC, BDC-2034, to exploit over-expression of CEA in cancers. BDC-2034 is designed to trigger the innate immune system, leading to adaptive anti-tumor immunity and tumor destruction. BDC-2034 comprises a novel CEA-targeted, pro-phagocytic antibody conjugated to a proprietary TLR7/8 agonist payload. New data reported at SITC 2021 demonstrate both tumor cell clearance and innate immune activation in cellular and in vivo models of CEA-expressing cancers. Based on these data, Bolt Biotherapeutics designated BDC-2034 as a clinical candidate and is currently conducting IND-enabling studies with the expectation to initiate BDC-2034 clinical development in 2022. Poster #782: "PD-L1-targeted ISAC combines myeloid cell activation, immune-checkpoint inhibition and ADCP to improve anti-tumor efficacy over anti-PD-L1 antibodies in preclinical models." Key findings from the study: Bolt Biotherapeutics scientists are presenting preclinical data on a novel multifunctional PD-L1-targeted Boltbody ISAC that has demonstrated the potential to improve upon the efficacy of PD-L1/PD-1 inhibition, especially in tumor types that do not respond well to immune-checkpoint inhibition. Bolt Biotherapeutics' PD-L1 ISAC combines three mechanisms of action: the ADCP and myeloid cell activation of an ISAC, plus immune-checkpoint inhibition with the ability to act through PD-L1 expressed on both tumor and immune cells. Treatment with PD-L1 ISACs led to an effective anti-tumor response that was substantially improved over PD-L1 antibody blockage in preclinical models.Poster #862: "Dectin-2, a novel target for tumor macrophage reprogramming in cancer immunotherapy." Key findings from the study: For the first time, Bolt Biotherapeutics is presenting data providing preclinical validation of Dectin-2, formerly referred to as TAM1, as a novel target for cancer immunotherapy. Findings reported at SITC 2021 demonstrate that agonism of Dectin-2 on TAMs elicits secretion of pro-inflammatory cytokines and chemokines capable of invoking productive anti-tumor immunity. In murine tumor models, Dectin-2 agonism mediates anti-tumor efficacy in a CD8 T cell-dependent manner and induces immunological memory against the tumor.
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BEAM | Hot Stocks07:50 EST Beam Therapeutics reports preclinical data for multiplex edited CAR T cells - Beam Therapeutics announced new preclinical research demonstrating the ability of the company's multiplex edited CAR T cells to target CD5-positive tumors, leading to tumor clearance in vivo. The data are highlighted in a poster titled, "CD5 knockout enhances the potency of multiplex base-edited allogeneic anti-CD5 CAR T-cell therapy for the treatment of T-cell malignancies," at the Society for Immunotherapy of Cancer's 36th Annual Meeting, being held Nov. 10-14, 2021. CAR T therapies have the potential to address a number of T-cell malignancies, but their therapeutic potential is often hindered by technological limitations in their development and application. Beam has developed a process using base editing to simultaneously silence five target genes, including CD5 and PD1, to create allogeneic anti-CD5 CAR T-cells with enhanced effector function for potential use as off-the-shelf treatments for T-cell malignancies. Key findings reported in the poster include: Multiplexed base editing resulted in anti-CD5 CAR T cells with 94-98% editing efficiency at all 5 target loci and transduction efficiency of over 85%, which Beam believes is an efficiency at which the likelihood of graft versus host disease, CAR T rejection, and immunosuppression would be greatly reduced; CD5 knockout improved production of a combination of proinflammatory cytokines, including a greater than 300% increase in IL-2 production; CD5 knockout greatly improved in vivo efficacy of anti-CD5 CAR T cells in a xenograft mouse model of T-ALL compared to unedited cells. CD5 edited anti-CD5 CAR T cells were able to clear established tumor in a dose dependent manner; however, unedited anti-CD5 CAR T cells failed to clear initial tumor at all doses despite demonstrating in vitro efficacy. Mice previously cleared of tumor underwent additional tumor challenges to assess the persistence and functionality of anti-CD5 CAR T cells and were cleared of tumor both a second and third time, indicating extended persistence of functional anti-CD5 CAR T cells in vivo.
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ALEC | Hot Stocks07:49 EST Alector presents preclinical data from AL009 multi-siglec inhibitor program - Alector presented preclinical data from its AL009 immuno-oncology program in poster at the Society for Immunotherapy of Cancer's 36th Annual Meeting. AL009 is a first-in-class fusion protein engineered to block multiple Siglecs. Siglecs are a family of receptors involved in immune regulation that bind to cell surface sialic acid glycans. Siglecs are predominantly expressed on myeloid cells and the overexpression of Siglecs has been linked to immune suppression and evasion by tumor cells, as well as modulating the differentiation of myeloid cells into tumor-promoting macrophages. AL009 acts as a checkpoint inhibitor, blocking the immunosuppressive effect of multiple Siglecs and thereby enhancing both the innate and adaptive immune system response to cancer. Alector is developing AL009 for the potential treatment of solid tumor cancers and plans to initiate a first-in-human clinical trial of AL009 in 2022. In a poster titled "AL009, a Fusion Protein and Multi-Siglec Inhibitor, Repolarizes Suppressive Myeloid Cells and Potentiates Anticancer Effects," Alector researchers highlighted: AL009 led to dose-dependent increases in immune stimulatory molecules consistent with the repolarization of myeloid-derived suppressive cells to a proinflammatory state; In vitro, AL009 increased T cell function by approximately 10 to 100-fold compared to other cancer immunotherapies; In syngeneic tumor models in mice that were less responsive to anti-PD-L1, treatment with AL009 showed efficacy in reducing tumor growth both as a single agent and in combination with anti-PD-L1; In a murine model of lung metastasis, AL009 combined with anti-TRP1 therapy to reduce lung nodules.
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ACHL | Hot Stocks07:48 EST Achilles Therapeutics presents data on cNeT from VELOS Process 2 manufacturing - Achilles Therapeutics presented two posters at the Society for Immunotherapy of Cancer Annual Meeting demonstrating the ability to detect, quantify, and track patient-specific clonal neoantigen-reactive T cells and generate increased cNeT doses from VELOS Process 2 manufacturing. cNeT target clonal neoantigens, which are unique targets expressed on every cancer cell within a patient but not on healthy tissue. Samra Turajlic, MD, PhD, Chief Investigator for Achilles' Phase I/IIa THETIS trial for metastatic malignant melanoma at the Royal Marsden NHS Foundation Trust in London, UK, presented Poster 543, entitled 'Sensitive quantification and tracking of the active components of a clonal neoantigen T cell therapy: From manufacture to peripheral circulation' which shows Achilles' ability to detect, quantify and track patient-specific cNeT pre- and post-infusion in the ongoing PI/IIa CHIRON and THETIS clinical trials for non-small cell lung cancer and metastatic malignant melanoma, respectively. Joseph Robinson, PhD, Senior Scientist, Process Development at Achilles Therapeutics, presented Poster 193, 'The Achilles VELOS Process 2 boosts the dose of highly functional clonal neoantigen-reactive T cells for precision personalized cell therapies' highlighting data from a proof-of-concept study showing an 18-fold increase in median cNeT generated from VELOS Process 2 compared to Process 1. Data presented from the first eight patients dosed across the first-in-human PI/IIa CHIRON and THETIS trials confirm the ability of Achilles' VELOS manufacturing process to generate fit, polyclonal cNeT that can target multiple cancer neoantigens present on all tumor cells. Achilles' platform can detect, quantify and track the patient-specific cNeT during manufacturing and post patient administration, allowing for extensive product characterization and immune-monitoring. At the data cut-off for this presentation, five patients with melanoma and three patients with NSCLC had received their cNeT infusion. The median age of the cohort was 57 years and patients had received a median of 2.5 lines of prior therapy. 88% of the cNeT products dosed targeted multiple clonal neoantigens present on all tumor cells. In these seven products, the number of individual reactivities ranged from two to twenty-eight and cNeT were detected in the blood of 71% (5 of 7) of the patients following infusion at time points up to six weeks post dosing. Best response in the eight dosed patients was stable disease in 63% in this initial, low-dose cohort generated using VELOS Process 1. The tolerability profile was generally similar to that of standard TIL products that have not been enriched for cNeT reactivity, with none of the higher-grade adverse events more commonly associated with the use of higher doses of interleukin-2. There were no suspected unexpected serious adverse reactions reported since the previous update on the first six patients earlier in 2021. Overall, in the cohort there were three events of cytokine release syndrome and one ICANS event deemed to be possibly related to cNeT treatment. A previously disclosed case of encephalopathy was subsequently deemed unlikely related to cNeT treatment following an Independent Data Safety Monitoring Committee review. The median cNeT dose in patients in this low-dose, Process 1 cohort was 14.2 million cNeT, which is in line with previous updates. VELOS Process 1 manufacturing generated doses between 0.1 million and 287 million cNeT. cNeT reactivity, defined as the percentage of clonal neoantigen-reactive cells in the final dosed products, ranged from 5% to 77%. As the dataset expands and matures, these metrics of detection and expansion will be correlated with product, clinical and genomic characteristics to determine variables associated with peripheral cNeT dynamics and clinical response.
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REPL | Hot Stocks07:47 EST Replimune Group provides update from RP2 at 2021 SITC meeting - Replimune announced updated interim data from the Phase 1 data from RP2 alone and in combination with Opdivo that continues to provide strong support for the next stage development of RP2. The poster will be presented November 12-14, 2021 at 7:00 a.m. ET to 5:00 p.m. ET at the Society for Immunotherapy of Cancer's, SITC, 36th Annual Meeting being held November 10-14, 2021. "Updated RP2 data shows compelling durability of response as single agent and in combination with Opdivo providing additional evidence of the clinical utility of RP2 in patients with hard-to-treat, anti-PD1 failed cancers," the company said. The Company has now fully enrolled the 30-patient cohort evaluating RP2 combined with Opdivo following previously completing enrolment of the 9-patient cohort evaluating RP2 as monotherapy. The updated interim data shows: in the nine-patient monotherapy cohort with RP2, two of the initial three patients who achieved response remain in response, these being a patient with esophageal cancer at 22 months from entering the trial and a patient with mucoepidermoid carcinoma at 19 months from entering the trial. As previously reported, the third responding patient with uveal melanoma with a partial response progressed at 15 months from entering the trial; Updated data from the 30-patient cohort of RP2 in combination with Opdivo shows durable responses ongoing at out to greater than 425 days; To date, seven of the 30 patient cohort of RP2 in combination with Opdivo have achieved partial responses, with additional patients still on study with the opportunity to achieve a response. Six of the seven responses are ongoing with depth of response having been maintained or deepened over time; The responding patients are four of nine patients with cutaneous melanoma, two of eight patients with uveal melanoma and one of three patients with squamous cell carcinoma of the head and neck; Biomarker data continues to demonstrate substantial increases CD8 T cells and PD-L1 expression; No correlation has been observed between the degree of anti-tumor response and the baseline levels of PD-L1 expression; Overall the data, including the durability of the responses, continues to support that oncolytic immunotherapy-mediated expression of anti-CTLA-4 from RP2 provides potent & systemic anti-tumor effects, without substantial additional toxicity as compared to the oncolytic backbone. Based on the observation of durable clinical responses in patients with liver metastases following treatment with both RP1 and RP2, the Company has amended the clinical trial protocol to enrol an additional 24 patients with liver metastases from lung cancer, gastrointestinal cancers, breast cancer and uveal melanoma.
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ARWR TAK | Hot Stocks07:46 EST Arrowhead presents interim data from AROAAT2002 study - Arrowhead (ARWR) announced additional interim clinical data from the ongoing AROAAT2002 study, an open-label Phase 2 clinical study of ARO-AAT, also known as TAK-999, the company's second-generation investigational RNA interference, or RNAi, therapeutic being co-developed with Takeda (TAK) as a treatment for the rare genetic liver disease associated with alpha-1 antitrypsin deficiency, or AATD. The data were presented in a late-breaking poster at The Liver Meeting, the Annual Meeting of the American Association for the Study of Liver Disease, or AASLD. ARO-AAT treatment allowed clearance of liver Z-AAT protein. Total liver Z-AAT was reduced by 72-100%. ARO-AAT treatment improved liver fibrosis. Overall, six of 14 patients had a one point or greater improvement in METAVIR fibrosis stage from baseline to week 24 or 48, six of 14 patients had no change from baseline to week 24 or 48, two of 14 patients had an increase from F2 at baseline to F3 at week 48, although both patients had profound reduction in PAS+D globule burden and reduced ALT and GGT after treatment. ARO-AAT treatment reduced histological globule burden. All patients had a one point or greater reduction in PAS+D globule burden. ARO-AAT treatment improved biomarkers of liver health. Mean reduction from baseline ranged from 42% to 56% for ALT and from 33% to 54% for GGT at week 28 and week 72. All groups showed normalized ALT and GGT following treatment. No treatment emergent adverse events leading to drug discontinuation, dose interruptions, or study withdrawal. No treatment emergent adverse events related to change in pulmonary status or pulmonary function were reported. No clinically meaningful changes in ppFEV1 from baseline were observed at Week 40 or at Week 72. Four SAEs were reported: EBV-related myocarditis, diverticulitis, dyspnea, and vestibular neuronitis, all of which involve confounding factors or alternative etiology.
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RUBY | Hot Stocks07:45 EST Rubius Therapeutics announces preclinical data for RTX-224 - Rubius Therapeutics announced the poster presentation of preclinical data for RTX-224, a broad immune costimulatory agonist for the treatment of cancer, at the Society for Immunotherapy of Cancer's 36th Annual Meeting which is being held from November 10-14, 2021, in Washington, D.C., and virtually. Poster Title: RTX-224, An Engineered Allogeneic Red Cell Therapeutic Expressing 4-1BBL and IL-12, Activates Immune Cells in Blood and Spleen to Promote Tumor Growth Inhibition in Mice RTX-224 is an allogeneic cellular therapy product candidate that is engineered to express hundreds of thousands of copies of 4-1BB ligand and interleukin-12 on the cell surface. RTX-224 is designed as a broad immune agonist of both adaptive and innate responses, activating CD8+ and CD4+ T cells, promoting antigen presentation and activating and expanding NK cells. It is expected to produce a broad and potent anti-tumor T cell response, an innate immune response and have anti-tumor activity in those tumor types with known sensitivity to T cell killing, including tumor types with high mutational burden, PD-L1 expression and prior responsiveness to checkpoint inhibitors. Data Summary The mouse surrogate of RTX-224, mRBC-224, demonstrated potent anti-tumor activity in B16F10 melanoma models, intravenously and subcutaneously, that was associated with pharmacodynamic changes in the tumors, including activated CD8+ T cells, NK cells and macrophages. mRBC-224 distributed mainly in the spleen of tumor-bearing mice 24 hours after one dose. mRBC-224 treatment in mice promoted activation of NK cells, CD8+ T cells and monocytes/macrophages in the blood and spleen of naive and tumor-bearing mice. RTX-224 and mRBC-224 stimulate adaptive and innate immune responses. The combined enhancement of both adaptive and innate immune responses leads to a productive antitumor response as demonstrated in preclinical studies.
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IOVA | Hot Stocks07:44 EST Iovance Biotherapeutics announces clinical data for LN-145 at SITC 2021 meeting - Iovance Biotherapeutics announced additional clinical data for its tumor infiltrating lymphocyte, TIL, therapy LN-145 in patients with metastatic non-small cell lung cancer, NSCLC, who enrolled in Cohort 3B of the ongoing basket study IOV-COM-202. The results are available in a poster at the Society for Immunotherapy of Cancer, SITC, Annual Meeting, November 12-14, 2021, Washington, D.C. and virtual. The results demonstrate the feasibility of TIL cell therapy in heavily pre-treated patients with NSCLC, and warrant continued investigation of LN-145 as a single-agent and in combination in patients with mNSCLC in ongoing Iovance clinical studies IOV-LUN-202 and IOV-COM-202. Following one-time treatment with LN-145 monotherapy, the overall response rate is 21.4% in the full analysis set and 25% in the efficacy-evaluable set, including one complete response and five partial responses. Two responders, including the CR, had PD-L1 negative tumors and two responders had tumors with KRAS mutations. One complete response and one partial response are ongoing at 20.7 months and 3.0 months, respectively, at a median study follow up of 9.8 months. The treatment-emergent adverse event profile is consistent with the underlying disease and known adverse event profiles of non-myeloablative lymphodepletion and IL-2. The heavily pre-treated patients in Cohort 3B had received a median of 2 prior therapies. All patients had progressed on prior immune checkpoint inhibitor therapy and all six responders received prior chemotherapy. TIL were most commonly grown and manufactured from tumor samples resected from the lung. Friedrich Graf Finckenstein, M.D., Chief Medical Officer of Iovance, stated, "We are pleased to present our clinical data for LN-145 in metastatic non-small cell lung cancer to the physician community at SITC. There remains a very significant unmet need to increase response rates and prolong survival in the second-line non-small cell lung cancer treatment setting. The data for LN-145 in this signal-finding cohort demonstrated the potential for TIL in metastatic non-small cell lung cancer across a diverse set of patients and informed our ongoing IOV-LUN-202 clinical study in second-line lung cancer. Iovance is committed to advancing both TIL alone and TIL combinations to address multiple non-small cell lung cancer patient populations." Iovance is currently enrolling patients in the IOV-LUN-202 clinical study to investigate LN-145 in second-line mNSCLC where patients have progressed on prior ICI and chemotherapy.
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CYAD | Hot Stocks07:44 EST Celyad presents preclinical data on allogeneic CAR T therapy program - Celyad Oncology announced three poster presentations on the Company's allogeneic CAR T therapy programs at the Society for Immunotherapy of Cancer Annual Meeting taking place in Washington D.C. and virtually November 10-14, 2021. Key Highlights from SITC Annual Meeting: Poster 107 - Armoring NKG2D CAR T cells with IL-18 improves in vitro and in vivo anti-tumor activity. This poster demonstrates the key role of Interleukin-18 in driving increased effector function of the NKG2D CAR T cells. These data support the ongoing development of the Company's shRNA-based allogeneic, IL-18-armored CAR T candidate CYAD-203 as well as future allogeneic IL-18-armored CAR T candidates. Poster 146 - Evolving multiplexed shRNA to generate tailored CAR T cell therapy: Multiplexing short hairpin RNA within a single vector format ensures co-linked expression of the shRNA with therapeutic transgenes. We continue to develop second-generation shRNA scaffold using multiplexed technology to produce novel allogeneic clinical candidates with bespoke, desired phenotypes and function produced using methods that avoid the generation of double strand DNA breaks. Poster 407 - A Phase 1b KEYNOTE-B79 trial evaluating non-gene edited allogeneic CAR T-cells, CYAD-101, post FOLFOX preconditioning, followed by pembrolizumab, in refractory metastatic colorectal cancer patients: Clinical and translational results from the alloSHRINK Phase 1 trial evaluating the TCR Inhibitory Molecule -based allogeneic NKG2D CAR T-cell product candidate CYAD-101 in patients with metastatic colorectal cancer suggest that treatment with sequential checkpoint inhibition following CYAD-101 with FOLFOX preconditioning could drive more durable clinical responses. The KEYNOTE-B79 trial will therefore evaluate the safety and clinical activity of multiple infusions of CYAD-101 administered post FOLFOX preconditioning chemotherapy, followed by treatment with KEYTRUDA in mCRC patients with microsatellite stable disease, according to a Simon's two stage trial design. The KEYNOTE-B79 clinical trial is expected to begin in fourth quarter 2021.
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CLDX | Hot Stocks07:42 EST Celldex presents preclinical data from CDX-585 - Celldex Therapeutics announced preclinical data from CDX-585, the Company's bispecific antibody with dual targeting of ILT4 and PD-1 checkpoint pathways, developed from its bispecific antibody platform. These data were presented in a poster session as part of the Society for Immunotherapy of Cancer's 36th Annual Meeting. The data show CDX-585 effectively combines the blockade of ILT4 and PD-1 into one molecule, with favorable biophysical and functional characteristics, supporting the initiation of development activities including manufacturing and IND-enabling studies. CDX-585 is the first compound from Celldex's research and collaboration agreement with Biosion, Inc. and combines Celldex's ILT4 mAb with Biosion's PD-1 mAb. In the preclinical data presented at SITC, the simultaneous inhibition of ILT4 and PD-1 checkpoints with CDX-585 led to myeloid and T cell activation which may potentially demonstrate clinical utility, particularly in the T cell checkpoint inhibitor refractory setting. CDX-585 promoted T cell activation as measured by mixed lymphocyte reactions superior to that achieved by the combination of ILT4 and PD-1 monoclonal antibodies. CDX-585 also demonstrated anti-tumor activity in a humanized mouse model of melanoma and had a favorable pharmacokinetic profile in pilot studies, without adverse effects of treatment noted in clinical observations or clinical chemistry.
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NLTX | Hot Stocks07:41 EST Neoleukin Therapeutics presents NL-201 preclinical data at SITC 2021 - Neoleukin Therapeutics announced the presentation of new preclinical data on NL-201, an alpha-independent, de novo-designed IL-2 and IL-15 dual agonist, at the Society for Immunotherapy of Cancer's, SITC, 36th Annual Meeting. The presentation highlights preclinical data on NL-201 alone and in several combination regimens. NL-201 is a de novo agonist of the IL-2 and IL-15 receptors, designed to expand cancer-fighting CD8 T cells and natural killer cells without any bias toward cells expressing the IL-2 receptor alpha subunit. Further details from the presentations are as follows: "NL-201 Induces Inflammation in a 'Cold' Tumor Microenvironment through Upregulation of MHC-I, Expansion of the TCR Repertoire, and Potent Antitumor Activity when Combined with PD-1 Inhibition." NL-201 turns "cold" tumors "hot" by increasing pro-inflammatory T cells and an immune signature in the tumor microenvironment and upregulating MHC-1 in tumors; NL-201 stimulates pro-inflammatory tumor reprogramming without the coincident Treg expansion; and NL-201 drives anti-tumor efficacy. Title: "Intratumoral Administration of NL-201, an Alpha-Independent IL-2/15 Receptor Agonist, Inhibits the Growth of Both Injected and Uninjected Tumors in Preclinical Models." Intratumoral NL-201 administration demonstrated: Dose-dependent antitumor activity in syngeneic murine tumor models; Improved tolerability compared to systemic administration at equivalent dose levels and; Durable tumor-specific immunity. Title: "A First-in-Human Phase 1 Study of NL-201 in Patients with Relapsed or Refractory Cancer." Assessing the safety profile and recommended Phase 2 dose and treatment schedule of NL-201, and enrollment ongoing at multiple sites in North America and Australia. Title: "ICT01, an Anti-BTN3A Monoclonal Antibody, and NL-201, an Alpha-Independent IL-2/IL-15 Agonist, Combine to Elicit a Potent Anti-Tumor Response by Synergistically Stimulating g9d2 T Cell Activation and Proliferation." ICT01 plus NL-201 synergistically triggers gd T-cell activation, expansion and antitumor activity; and data support clinical evaluation of this novel therapeutic approach.
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IKNA | Hot Stocks07:41 EST iKena Oncology presents data from IK-175 AHR antagonist program - Ikena Oncology announced data from multiple presentations at the Society for Immunotherapy of Cancer 36th Annual Meeting from their IK-175 AHR antagonist program. The ongoing IK-175 clinical trial is currently recruiting patients in both monotherapy and combination cohorts with nivolumab. The three poster presentations explore the process of advancing IK-175, an oral selective Aryl Hydrocarbon Receptor antagonist, in multiple tumor types, including urothelial carcinoma, a type of bladder cancer with a high prevalence of active AHR signaling. AHR is a transcription factor that facilitates tumor progression by allowing cancer cells to evade the immune system. Cancer cells release multiple different AHR ligands, including kynurenine, activating the pathway and fostering an immunosuppressive effect within the tumor microenvironment. Inhibiting the AHR pathway could promote immune recognition of cancer cells, making it a compelling drug target. Presentation details: Title: Computational biology and tissue-based approaches to inform indication selection for a novel AHR inhibitor: Presentation describes methods used to identify indications dependent on AHR signaling and how patient selection strategies were designed, including: A proprietary RNA-based gene signature of AHR activation, RNA analysis and protein activation. Genomic profiling of solid and hematological cancers to identify those harboring AHR gene amplifications. Analysis of tissue microarrays of 15 different tumor types to identify those with highest prevalence of nuclear AHR protein expression, reflective of AHR activation. These analyses revealed that there is a high prevalence of nuclear AHR expression, AHR gene amplification and AHR-target gene expression in urothelial carcinoma, suggesting aberrant AHR activation may play an important role in the progression of this tumor type. Title: Analytical validation of a novel immunohistochemistry assay to determine nuclear AHR expression in human bladder cancer: Poster reviews the process of developing a novel immunohistochemistry assay to measure AHR signaling through nuclear protein expression in tumors: 199 human bladder cancer formalin-fixed, paraffin embedded samples were used to establish and confirm a cutoff of greater than or equal to 65% cells that are nuclear 2+ and 3+ positive in the tumor region. The nuclear AHR IHC assay for urothelial carcinoma was developed and analytically validated in a CLIA certified lab and showed greater than or equal to 95% accuracy, specificity, sensitivity, and precision. The novel assay has been implemented in the ongoing IK-175 Phase 1b clinical study for prospective patient enrichment. Title: TRIAL IN PROGRESS: A Phase 1a/b Study of IK-175, an Oral AHR Inhibitor, Alone and in Combination with Nivolumab in Patients with Locally Advanced or Metastatic Solid Tumors and Urothelial Carcinoma. Poster describes the Phase 1 trial of IK-175, a first-in-human, open-label, multicenter dose escalation and expansion study to evaluate the safety and tolerability of IK-175 administered as a single agent and in combination with nivolumab, a PD-1 checkpoint inhibitor in solid tumors and in urothelial carcinoma. Primary endpoints include identification of maximum tolerated dose and characterizing any dose-limiting toxicities. In addition to safety and tolerability of IK-175 as a monotherapy and in combination with nivolumab, the secondary objectives of the study include evaluating disease responses. Pharmacokinetics, pharmacodynamics and preliminary antitumor activity are being evaluated at multiple timepoints within the treatment cycle. The study is being conducted in adult patients with locally advanced or metastatic solid tumors and urothelial carcinoma, an indication identified to have high frequency of AHR signaling. AHR nuclear localization is being measured as a predictive biomarker in patients with urothelial carcinoma. Study enriched to include a minimum of 10 patients having a positive AHR nuclear localization test enrolled in the combination arm of the trial. The trial is currently recruiting for both treatment arms.
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PSTV | Hot Stocks07:38 EST Plus Therapeutics announces employment inducement grants - Plus Therapeutics announced that on November 11, 2021, it granted option awards to Norman LaFrance, M.D. Consistent with the disclosures contained in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on September 13, 2021, the Company agreed to grant these equity awards on Dr. LaFrance's start date to induce Dr. LaFrance to commence employment as its Chief Medical Officer. The approved option awards are options to purchase up to 120,000 shares of the common stock of the Company. The options are scheduled to vest over four years, with one-fourth of the options vesting on the first anniversary of the grant date with the remaining options vesting thereafter in equal monthly installments. The vesting of the options is also subject to certain requirements, including Dr. LaFrance's continued service as an employee of the Company through the applicable vesting dates. The exercise price of the options is equal to the closing price of the Company's common stock on November 11, 2021, the grant date.
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VRCA | Hot Stocks07:38 EST Verrica Pharmaceuticals sees cash funding operations into Q3 of 2022 - As of September 30, 2021, Verrica had aggregate cash, cash equivalents, and marketable securities of $79.5M.
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HZNP | Hot Stocks07:37 EST Horizon Therapeutics receives CHMP recommendation for Uplizna - Horizon Therapeutics announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has adopted an opinion recommending marketing authorization for Uplizna as a monotherapy for the treatment of adult patients with neuromyelitis optica spectrum disorder, or NMOSD, who are anti-aquaporin-4 immunoglobulin G seropositive. Uplizna has been granted orphan designation by the European Commission, or EC. That designation is subject to additional review by the Committee for Orphan Medicinal Products.
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NEXI | Hot Stocks07:36 EST Neximmune announces upcoming clinical updates - NEXI-001: Ongoing enrollment in the Phase I/II trial has been affected by higher than anticipated patient replacements between the enrollment and 28-day DLT clearance period due to non-treatment-related events; updated clinical results expected to be announced in the first half of 2022. NEXI-002: Further clinical data from the Phase I/II trial is expected to be announced at the American Society of Hematology Annual Meeting in December 2021. NEXI-003: Investigational New Drug submission planned for mid-year 2022.
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NEXI | Hot Stocks07:36 EST Neximmune sees cash funding operations through 4Q22 - Cash, cash equivalents and marketable securities for the company as of September 30, 2021 were $93.2M compared to $102.8M for quarter ending June 30, 2021.
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GNENF | Hot Stocks07:36 EST Arena Minerals commences resource drilling at Sal de la Puna Project - Arena Minerals is pleased to announce the commencement of drilling on the Sal de la Puna Project located in the Pastos Grandes basin within Salta province, Argentina. Arena is operating the drill program on behalf of Sal de la Puna Holdings Ltd., which is jointly owned by Arena and Ganfeng New Energy Technology Development. The drill program is focused on the Almafuerte and Graciela blocks which border Millennial Lithium's Pastos Grandes project to the south and south-east and consists of 3,000 metres with the objective of both increasing the category of the current resource and increasing the SDLP Project's resource base. For more information on the drill program please refer to press release dated October 28, 2021.
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HUMA | Hot Stocks07:35 EST Humacyte expects cash to fund operations through first approval of HAV - At September 30, 2021, Humacyte held $240.4 million in cash and cash equivalents, which the Company believes to be sufficient to fund operations at least through the first anticipated approval and market launch of the HAV in the treatment of vascular trauma.
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VRTX | Hot Stocks07:34 EST Vertex Pharmaceuticals receives CHMP recommendation for Kaftrio combination - Vertex Pharmaceuticals announced that the European Medicines Agency's, or EMA, Committee for Medicinal Products for Human Use, or CHMP, adopted an opinion for the label extension of Kaftrio in a combination regimen with ivacaftor, for the treatment of cystic fibrosis, or CF, in patients ages six through elven years old who have at least one F508del mutation in the cystic fibrosis transmembrane conductance regulator, or CFTR, gene.
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SNSE | Hot Stocks07:33 EST Sensei Biotherapeutics presents preclinical data for SNS-101 - Sensei Biotherapeutics announced the first preclinical data for SNS-101, its anti-VISTA product candidate. The data will be presented during a poster session on November 13, 2021, at the Society for Immunotherapy of Cancer's 36th Annual Meeting in Washington, D.C. and virtually. Robert Pierce, M.D. chief scientific officer of Sensei Biotherapeutics said, "Our scientific team has been evaluating VISTA for several years. Accordingly, we believe, the key to unlocking the power of this checkpoint lies with the development of an antibody that selectively binds the active form of VISTA that is only present within the low pH of the tumor microenvironment. At SITC, we are excited to share the preclinical data demonstrating that SNS-101 binds active VISTA with high affinity and significant selectivity." Dr. Pierce continued, "We are also encouraged by early in vivo evidence from a human VISTA knock-in mouse model showing improved immune responses, including the anticipated combination effect with anti-PD1 in a PD1 blockade responsive tumor model. We continue to expand on this research and are looking forward to sharing more in vivo data at a future medical conference. IND-enabling studies are already underway to evaluate the potential of SNS-101 to become a novel treatment for solid cancers, as both a monotherapy and in combination, that overcomes on-target/off-tumor toxicities seen today with other I/O approaches." Preclinical data for SNS-101 are being presented in a poster titled: "Antagonistic pH-selective VISTA antibody SNS-101 potentiates anti-PD-1/PD-L1-induced anti-tumor immunity." A summary of data in the poster include: Preclinical data demonstrated that SNS-101 successfully blocked the interaction of VISTA with its PSGL-1 receptor, SNS-101, in combination with an anti-PD-1 inhibitor, led to superior anti-tumor activity compared to PD-1 alone, SNS-101 is a fully human IgG1 and has entered IND-enabling studies.
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AMGN | Hot Stocks07:31 EST Amgen says LUMYKRAS receives positive opinion from EMA CHMP - Amgen announced the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion recommending conditional marketing authorization of LUMYKRAS, known as LUMAKRAS in the U.S., for the treatment of adults with advanced non-small-cell lung cancer with KRAS G12C mutation and who have progressed after at least one prior line of systemic therapy. If the European Commission follows the recommendation for approval, LUMYKRAS will be the first targeted therapy available in the European Union for the KRAS G12C mutation, one of the most prevalent biomarkers in NSCLC.
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NKTX | Hot Stocks07:31 EST Nkarta presents preclinical data from engineered NK cell platform - Nkarta announced the presentation of four preclinical data abstracts focused on its natural killer cell platform and pipeline at the Society for Immunotherapy of Cancer, SITC, 36th Annual Meeting and Pre-Conference Programs. Title: "A Combined Strategy of CD70 CAR Co-expression with Membrane-bound IL-15 and CISH Knockout Results in Enhanced NK Cytotoxicity and Persistence." This study illustrates multiple approaches to modify NK cells to target CD70, an antigen highly expressed in hematological malignancies and solid tumors, including renal cell carcinoma. Preclinical results showed that a combined editing and engineering strategy to armor primary NK cells via co-expression of the CD70 CAR and a membrane bound form of IL-15, together with knockout of CISH and CD70 genes using the CRISPR/Cas9 system enhanced the persistence in culture and the cytotoxicity of the cells against multiple tumor cell lines. Title: "CISH Gene-knockout Anti-CD70-CAR NK Cells Demonstrate Potent Anti-tumor Activity Against Solid Tumor Cell Lines and Provide Partial Resistance to Tumor Microenvironment Inhibition." Primary NK cells engineered with CD70 chimeric antigen receptor, membrane bound form of IL-15 and knockout of CISH and CD70 genes using the CRISPR/Cas9 system could be produced efficiently, demonstrating consistent knockout and transduction efficiency across donors. Memory like NK cell differentiation of the gene edited NK cells was achieved using a modified K562 stimulatory cell line expressing membrane-bound IL-15 and 4-1BBL with the addition of IL-12 and IL-18 during expansion. Title: "Potentiating the Large-Scale Expansion and Engineering of Peripheral Blood-Derived CAR NK Cells for Off-the-Shelf Application." The study highlights novel methods for scaling the expansion of engineered NK cells to potentially supply a life cycle's worth of commercial off-the-shelf product from a single donor. The methods entail sequential pulses with a proprietary K562 stimulatory cell line in the presence of IL-2 and use of IL-12 and IL-18 to achieve differentiation into memory-like NK cells. Title: "KIR Haplotype Can Inform Donor Selection in the Production of Allogeneic Memory-Like CAR NK Cells for Clinical Application." Study findings suggest that the profile of activating and inhibitory KIR genes expressed by healthy donors' NK cells may serve as a future criterion for selecting donors whose NK cells can be engineered for enhanced cytotoxic activity. The optimal KIR profile may depend on the process used to generate NK cells. Engineered CD19 CAR NK cells whose expansion includes IL-12 and IL-18 added to a proprietary K562 stimulatory cell line containing mbIL-15 and 15-41BBL stimulatory cells showed enhanced potency and upregulation of NK memory associated cell surface markers and natural cytotoxicity markers. Finally, donor KIR haplotype correlated best with CAR NK activity in cells expanded in the presence of IL-12 and IL-18, showing that donor selection and expansion methods must be considered together for development of optimal CAR NK therapies.
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TERN | Hot Stocks07:30 EST Terns Pharmaceuticals highlights clinical data from multiple NASH programs - Terns Pharmaceuticals announced that multiple presentations of results from clinical trials of TERN-101 and TERN-501 will be delivered at The Liver Meeting Digital Experience 2021, the annual meeting of the American Association for the Study of Liver Diseases, which will be held virtually from November 12-15, 2021. An oral presentation titled "Liver-distributed FXR Agonist TERN-101 Demonstrates Favorable Safety and Efficacy Profile in NASH Phase 2a LIFT Study" will be delivered by Rohit Loomba, M.D., MHSc, director of the UC San Diego NAFLD Research Center and director of Hepatology at UC San Diego School of Medicine. This presentation will highlight the safety and efficacy of TERN-101 after 12 weeks of treatment in patients with NASH. TERN-101 was overall safe and well-tolerated at all doses studied with no discontinuations due to adverse events, including pruritus. In the TERN-101 5 and 10 mg groups, no differences from placebo in percentage change in low density lipoproteincholesterol or high density lipoprotein cholesterol from baseline to Week 12 were observed. TERN-101 demonstrated numerical reductions in alanine transaminase and MRI proton density fat fractio in the 10 and 15 mg groups, and significant reductions in gamma-glutamyl transferase in all dose groups. Corrected T1, a marker of liver inflammation and fibrosis, declined significantly as early as Week 6 with persistent decreases through Week 12 in all TERN-101 groups compared to placebo. These data support further clinical studies of TERN-101 for the treatment of NASH, either alone or in combination with other agents. A second clinical presentation titled "Liver-distributed FXR Agonist TERN-101 Leads to Corrected T1 Response and a Population Shift to Lower cT1 Risk Categories in NASH Phase 2a LIFT Study" will be delivered by Eric Lawitz, M.D., director of the Texas Liver Institute and Clinical Professor of Medicine at University of Texas Health Science Center. This presentation will detail the cT1 responses observed during the Phase 2a LIFT Study. cT1 relaxation time, measured in milliseconds, is a magnetic resonance imaging-based test that is a composite biomarker of inflammation and fibrosis. Mean cT1 values declined in a significant and dose-dependent manner from baseline to Week 12 for all TERN-101 doses. cT1 changes at Week 6 strongly correlated with changes at Week 12. A higher proportion of patients treated with TERN-101 for 12 weeks had a cT1 response compared to placebo. TERN-101 treatment for 12 weeks also led to an increased proportion of cT1 low risk patients, and a decreased proportion of high-risk patients. cT1 may serve as a biomarker of TERN-101 treatment response as early as Week 6. Overall, cT1 declines in the LIFT Study indicate significant improvements in fibro-inflammation following TERN-101 treatment in NASH patients. In addition, a third clinical presentation titled "Single Doses of the THR-beta Agonist TERN-501 are Well Tolerated and Result in Dose-dependent Changes in LDL Cholesterol and Sex Hormone Binding Globulin in a First-in-Human Clinical Trial" will be delivered by Barry Crittenden, M.D., Executive Director, Clinical Research and Medical Affairs at Terns. This presentation will highlight data from the single ascending dose cohort of TERN-501 up to 60 mg. All SAD doses of TERN-501 were overall safe, well-tolerated and exhibited dose-proportional plasma exposures with low variability. Significant decreases in LDL cholesterol, total cholesterol, and apolipoprotein B were observed by Day 3 following single dose administration of TERN-501 in one or more dose groups with dose-dependent reductions on Day 4. TERN-501 also demonstrated significant effects on sex hormone binding globulin. SHBG is a protein produced in the liver following activation of the thyroid hormone receptor in hepatocytes and is a marker of THR-beta target engagement linked to NASH histologic efficacy. Significant increases in SHBG were observed following a single dose of greater than or equal to10 mg TERN-501 with dose dependent increases through 30 mg, indicating potent target engagement at all evaluated dose levels. Importantly, increases in SHBG have been associated with robust reductions in MRI-PDFF and NAFLD Activity Score in a precedent late-stage clinical NASH trial.
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KKR | Hot Stocks07:30 EST KKR acquires two multi-tenant industrial buildings in Arizona - KKR announced that KKR has acquired two multi-tenant industrial buildings totaling approximately 154,000 square feet in the Papago industrial park, located in the highly infill Southwest Valley submarket of Phoenix, Arizona. The transaction grows KKR's industrial real estate footprint in the Phoenix metropolitan statistical area, or MSA, to nearly two and a half million square feet. The property consists of two multi-tenant buildings completed in 1997. Located in close proximity to the I-10 highway, a cross-country trucking artery, it offers direct access to downtown Phoenix in approximately 10 minutes. Each building was 100% leased at acquisition with a weighted average lease term of approximately two years. KKR acquired the asset from Mountain West Industrial Properties, an affiliate of Baron Properties.
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NRIX | Hot Stocks07:29 EST Nurix Therapeutics presents data from preclinical studies on NX-0255 - Nurix Therapeutics announced the presentation of preclinical studies demonstrating that its CBL-B inhibitor, NX-0255, enhances the number and quality of T cells expanded from tumors for use in tumor infiltrating lymphocyte therapy. These results will be presented by Nurix in a poster session at the Society for Immunotherapy of Cancer conference held at the Washington Convention Center on Saturday, November 13. Nurix also congratulates Michael T. Lotze, M.D., Nurix's chief cellular therapy officer, who will be honored at the conference with the 2021 SITC Lifetime Achievement Award. As a key step toward advancing DeTIL-0255 into the clinic, Nurix performed a series of experiments on human tumors to characterize the effects of CBL-B inhibition using NX-0255 on the production and quality of TIL. Tumor samples were obtained from 16 patients with ovary, colon, lung, head and neck, breast, or vulva carcinomas. Tumors from patients were cultured either in the presence of recombinant human IL-2 alone to generate TIL or in combination with NX-0255 + rhIL-2 to generate DeTIL-0255, Nurix's cell therapy clinical candidate. Compared to TIL, DeTIL-0255 demonstrated: Increased T cell expansion; Reduced expression of markers associated with T cell exhaustion such as PD-1, LAG-3 and TIM-3; Increased cytotoxicity as measured by increased perforin, granzyme B, and the degranulation marker CD107a; Increased 4-1BB, a surrogate marker of tumor reactivity; and Increased T cell receptor diversity. Taken together, these findings support advancing DeTIL-0255 into human clinical trials as a potentially superior, drug-enhanced TIL product candidate. Nurix's cell therapy programs are headed by Dr. Lotze, whose dedication and contributions to the field of immunotherapy for cancer are to be recognized at the SITC annual meeting with the 2021 SITC Lifetime Achievement Award.
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GOOS | Hot Stocks07:28 EST Canada Goose launches footwear collection - Canada Goose launched its first-ever footwear collection, debuting two styles for men and women: the Snow Mantra Boots and the Journey Boots.
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SRRK | Hot Stocks07:27 EST Scholar Rock presents initial clinical data from Part A of DRAGON trial - Scholar Rock presented initial clinical data from Part A of its DRAGON Phase 1 proof-of-concept trial at the ongoing 36th Society for Immunotherapy of Cancer, or SITC, annual meeting, which supported dose selection and advancement into Part B. The DRAGON trial is investigating SRK-181, a selective inhibitor of TGFbeta1 activation, in patients with locally advanced or metastatic solid tumors that have shown primary resistance to checkpoint inhibitor therapies. The main objectives of DRAGON Part A are to evaluate the safety and tolerability of SRK-181 alone or in combination with anti-PD-(L)1 checkpoint inhibitor therapy and to determine the recommended dose for the Part B dose expansion phase. Part A1 enrolled patients who have experienced treatment failure from available standard of care therapy, and Part A2 enrolled patients who did not respond to prior anti-PD-(L)1 therapy. Based on the safety and pharmacokinetic data from Part A, Scholar Rock has initiated Part B, which is evaluating SRK-181 dosed 1500 mg every three weeks in patients receiving an approved anti-PD-(L)1 therapy dosed Q3W and 1000 mg every two weeks in patients receiving an approved anti-PD-(L)1 therapy dosed Q2W. As of September 7, 29 patients have been dosed in Part A of the trial. The median number of prior lines of therapy was 4 for Part A1 and 4 for Part A2. As of October 12, no dose-limiting toxicities were observed with SRK-181 in Part A. Doses up to 3000 mg Q3W and 2000 mg Q2W as a monotherapy in Part A1 and 1600 mg Q3W in combination with anti-PD-(L)1 therapy in Part A2 have been evaluated. The most common treatment-emergent adverse events of any grade related to treatment were fatigue, decreased appetite, and nausea and rash maculo-papular. Preliminary data showed a pharmacokinetic profile of SRK-181 consistent with that which is generally observed for monoclonal antibodies. Preliminary anti-tumor effects were assessed using RECIST1.1 and reported based upon local investigator reads: Among 19 patients in Part A1, eight patients had a best response of stable disease. There were three patients with ovarian cancer in Part A1; each of these patients had stable disease, with tumor regression observed in two patients. Among 10 patients in Part A2, one patient with renal cell carcinoma who had a lack of response to prior anti-PD-1 therapy had a partial response after treatment with SRK-181 dosed 800 mg Q3W in combination with the same anti-PD-1 therapy. In addition, four patients had a best response of SD.
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CMPI | Hot Stocks07:26 EST Checkmate Pharmaceuticals presents final data for Phase 1b study on vidutolimod - Checkmate Pharmaceuticals announced the presentation of final clinical data from the Phase 1b study, CMP-001-001, of vidutolimod, an advanced generation Toll-like receptor 9, TLR9, agonist, in combination with pembrolizumab or as a monotherapy at The Society for Immunotherapy of Cancer, SITC, 36th Annual Meeting taking place on November 10-14, 2021. "Our ongoing investigation of vidutolimod indicates promising clinical activity for patients with PD-1 blockade-refractory melanoma," said Alan Fuhrman, interim President and Chief Executive Officer of Checkmate. Fuhrman added, "The RECIST response rates of 20% with vidutolimod monotherapy and 23.5% in combination with pembrolizumab are compelling, and the longer duration of response of 25.2 months in combination with PD-1 blockade provides a strong rationale for our ongoing development program." Final analysis: phase 1b study investigating intratumoral injection of Toll-like receptor 9 agonist vidutolimod +/- pembrolizumab in patients with PD-1 blockade-refractory melanoma. Final clinical data from the trial demonstrated that the combination of vidutolimod and pembrolizumab was well tolerated and resulted in an ORR of 23.5% according to Response Evaluation Criteria in Solid Tumors, RECIST, v1.1. The study treatment induced deep and durable systemic antitumor responses in patients with melanoma who previously progressed on anti-PD-1 treatments. Data were presented on 159 patients receiving combination therapy with vidutolimod and pembrolizumab. Two formulations of vidutolimod were evaluated, either polysorbate 20 at 0.01% or x PS20 at 0.00167%. Based on the results, vidutolimod PS20 A 10 mg was selected as the Recommended Phase 2 Dose and schedule. Data were also presented on 40 patients who received vidutolimod monotherapy. Key highlights from these clinical data as of the data cut-off of August 17, 2021 include: Vidutolimod in combination with pembrolizumab: The best ORR by RECIST v1.1 in patients who received vidutolimod PS20 A+ pembrolizumab was 23.5%, including 7.1% of patients with a complete response. Four additional patients who continued study therapy beyond initial disease progression achieved a partial response. Vidutolimod PS20 A 10 mg was selected as the RP2D. The Kaplan-Meier estimate for median duration of response was 25.2 months. Among responding patients, non-injected target lesions regressed by a similar magnitude to injected target lesions. The most common treatment-related adverse events were chills, pyrexia, fatigue, nausea, vomiting and injection site pain. Vidutolimod as a monotherapy: The median duration of response was 5.6 months. The most common treatment-related adverse events were chills, pyrexia, nausea, fatigue, headache, hypotension, and pruritus.
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NRIX | Hot Stocks07:26 EST Nurix Therapeutics announces IND clearance for DeTIL-0255 - Nurix Therapeutics announced that the Food and Drug Administration has cleared Nurix's Investigational New Drug Application for its lead cell therapy product candidate DeTIL-0255, a drug-enhanced tumor infiltrating lymphocyte therapy. DeTIL-0255 is an autologous cell therapy consisting of T cells derived from a patient's tumor expanded ex vivo with NX-0255, a small molecule Casitas B lineage lymphoma-b inhibitor developed by Nurix. DeTIL-0255 is a single administration autologous TIL therapy infused following non-myeloablative chemotherapy. Based on extensive preclinical characterization, Nurix believes DeTIL-0255 could allow a broader application of TIL therapy in a range of solid tumors. DeTIL-0255 will be the subject of a poster presentation by Nurix at the Society for Immunotherapy of Cancer conference held at the Washington Convention Center on Saturday, November 13. DeTIL-0255 complements Nurix's oral CBL-B inhibitor drug candidate, NX-1607, which is currently in a Phase 1a clinical trial. The Phase 1 trial of DeTIL-0255 is an open-label, non-randomized clinical trial anticipated to enroll up to 50 patients with gynecological malignancies following a safety run-in. The three expansion cohorts will enroll either patients with recurrent or persistent platinum-resistant epithelial ovarian cancer, patients with recurrent, metastatic, or persistent cervical cancer, or patients with advanced or recurrent endometrial cancer. Nurix is currently working to initiate this trial at multiple sites in the United States that have experience in conducting TIL and other adoptive cell therapy trials.
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ASND | Hot Stocks07:25 EST Ascendis Pharma receives positive CHMP opinion for TransCon hGH - Ascendis Pharma announced that the European Medicine Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion recommending the granting of a marketing authorization for Lonapegsomatropin Ascendis Pharma. TransCon hGH is a long-acting once-weekly, transiently pegylated somatropin that in the body releases somatropin, indicated for growth failure in children and adolescents aged from 3 years up to 18 years due to insufficient endogenous growth hormone secretion. The European Commission final decision on the Company's Marketing Authorisation Application for TransCon hGH is expected within 67 days after the positive opinion, or by the end of January 2022. The CHMP opinion is based on results submitted in the MAA from the Company's Phase 3 heiGHt, fliGHt and enliGHten trials, which collectively treated more than 300 pediatric patients diagnosed with GHD. In 2020, Ascendis Pharma received a positive opinion from the Paediatric Committee of the European Medicines Agency for its TransCon hGH Paediatric Investigation Plan, based on the non-clinical safety program as well as data from the three Phase 3 clinical trials included in the MAA. Earlier this year, the U.S. Food & Drug Administration approved TransCon hGH - marketed in the U.S. under the brand name SKYTROFA - for the treatment of pediatric patients one year and older who weigh at least 11.5 kg and have growth failure due to inadequate secretion of endogenous growth hormone. Ascendis Pharma is also developing TransCon hGH in Japan, and separately in China through VISEN Pharmaceuticals.
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ANGN | Hot Stocks07:23 EST Angion Biomedica expects cash to fund planned operations through 2022 - As of September 30, 2021, Angion had cash and cash equivalents totaling $102.7 million. Angion expects current cash resources, combined with the potential milestones payable under its license agreement with Vifor for the development and commercialization of ANG-3777 in renal indications, to be sufficient to fund planned operations through the end of 2022.
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ITRM | Hot Stocks07:21 EST Iterum Therapeutics expects cash to fund operations into 2024 - Based on the current operating plan and subject to final determination of the design and planned conduct of potential additional clinical and non-clinical development of oral sulopenem, we believe that we are well positioned financially to fund operations into 2024 with our existing cash resources, which includes completing the proposed additional development of oral sulopenem to support, if successful, the resubmission of our NDA to the FDA. As of September 30, 2021, we had approximately 182.8 million ordinary shares outstanding.
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VACC | Hot Stocks07:19 EST Vaccitech announces upcoming milestones - At the virtual AASLD's The Liver Meeting in November, two posters will present safety and immunogenicity data from the Phase 1 and Phase 1b/2a trials of VTP-300: HBV001, in healthy volunteers and patients with chronic hepatitis B infection and HBV002 in patients with CHB infection. The posters become available for viewing by attendees at 8 a.m. EST on November 12. At the virtual 34th International Papillomavirus Conference in November, the Company expects to present safety and immunogenicity data from the lead-in portion of the Phase 1/2a clinical trial of VTP-200. In the fourth quarter, the Company expects to initiate dosing in a Phase 1/2a trial of VTP-600 in patients with non-small cell lung cancer in combination with a checkpoint inhibitor and chemotherapy. The trial is currently open for enrollment. In the first quarter of 2022, the Company intends to conduct an interim efficacy review of HBV002, the Phase 1b/2a clinical trial of VTP-300 in patients with chronic HBV infection. In the second quarter of 2022, the Company expects to initiate dosing in a Phase 1/2a clinical trial of VTP-800/850, in combination with a checkpoint inhibitor, in patients with prostate cancer. In the third quarter of 2022, the Company intends to conduct an interim efficacy review of HPV001, a Phase 1/2a clinical trial of VTP-200, a potential non-invasive treatment for persistent high-risk HPV infection.
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VACC | Hot Stocks07:18 EST Vaccitech expects cash to fund operations into 1H24 - As of September 30, 2021, cash and cash equivalents were $233.9 million, compared to $43.3 million as of December 31, 2021. The increase was primarily due to completion of the Series B financing in the first quarter of 2021, which raised $168 million including the conversion of our previously issued convertible loan notes, and to the initial public offering in the second quarter, which raised gross proceeds of $110.5 million. The Company believes its cash and cash equivalents are sufficient to fund operations into the first half of 2024.
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CGEN | Hot Stocks07:17 EST Compugen reports data from Phase 1 dose escalation monotherapy study of COM902 - Compugen announced the presentation of preliminary results from its ongoing Phase 1 dose escalation study evaluating COM902, Compugen's anti-TIGIT antibody, in patients with advanced solid tumors at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, being held on November 10-14. "The primary objective of this Phase 1 dose escalation study of COM902 monotherapy was to evaluate safety and tolerability and we were pleased to see that COM902 was well tolerated with a favorable safety profile. A maximum tolerated dose of COM902 was not reached." said principal investigator and presenting author, Ecaterina Elena Dumbrava, M.D., Assistant Professor of Investigational Cancer Therapeutics at the University of Texas MD Anderson Cancer Center. "It is encouraging to achieve a disease control rate of 50% in these heavily pretreated patients who typically do not respond to PD- (L)1 inhibitors. I look forward to enrolling patients in the combination study with COM701 to continue exploring new therapeutic options for patients in need." Anat Cohen-Dayag, Ph.D., President and CEO of Compugen, added, "COM902 high- affinity anti-TIGIT antibody was well tolerated, showed early signs of anti-tumor activity in heavily pretreated patients with advanced solid tumors and as we expected avoided depletion of major TIGIT positive expressing lymphocytes, supporting our rationale for choosing a reduced Fc effector function anti-TIGIT antibody. These data are encouraging, in line with our science suggesting that TIGIT is a combination agent and serves as the basis for exploring our differentiated TIGIT combination strategy. In addition to our triplet study blocking PVRIG, TIGIT and PD-1 pathways, we are already enrolling patients in our Phase 1 study of COM902 in combination with COM701 for the first clinical evaluation of dual blockade of TIGIT and PVRIG in a PD-(L)1-free regimen."
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SIOX | Hot Stocks07:16 EST Sio Gene Therapies announces upcoming milestones - Upcoming milestones: 1H 2022: Intend to present data update from Stage 1 of the study, including both Type I (early-infantile) and Type II patients, at future scientific conferences; and 1H 2022: Intend to engage with the FDA to review Stage 1 data and discuss next steps for clinical development
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SIOX | Hot Stocks07:16 EST Sio Gene Therapies continues to expect cash to sustain operations into 4Q22 - Pavan Cheruvu, M.D., Chief Executive Officer of Sio Gene Therapies. said, "I'm also excited by the progress this year on the development of a reliable, suspension-based manufacturing process that has generated clinical trial material for the future development of AXO-Lenti-PD. This represents an inflection point for the program that clarifies our path forward in Parkinson's disease. We are pleased to end our second fiscal quarter of 2021 with cash runway into calendar Q4 2022 and a capable team that looks forward to continued execution."
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VIR GSK | Hot Stocks07:16 EST Vir Biotechnology, GSK announce primary endpoint met in COMET-TAIL trial - GlaxoSmithKline plc (GSK) and Vir Biotechnology, Inc. (VIR) announced headline data from the randomized, multi-center, open-label COMET-TAIL Phase 3 trial, which achieved its primary endpoint, demonstrating intramuscular administration of sotrovimab was non-inferior to intravenous administration for the early treatment of mild-to-moderate COVID-19 in high-risk, non-hospitalized adults and adolescents. The COMET-TAIL Phase 3 trial was designed to evaluate the efficacy, safety and tolerability of sotrovimab delivered via IM administration compared to IV administration in high-risk patients up to seven days after symptom onset. In the IM administration arm of the trial, there was a 2.7% rate of progression to hospitalization for more than 24 hours or death through Day 29 of the trial, compared to 1.3% in the IV administration arm. The adjusted difference between the IM and IV arms of the trial was 1.07% with a 95% confidence interval of -1.25% to 3.39%. The upper bound of the 95% CI is within the predetermined 3.5% non-inferiority margin set for the trial's primary endpoint in consultation with the US Food and Drug Administration. In addition, there were low rates of serious adverse events and Grade 3-4 adverse events observed in the headline data. The companies plan to progress regulatory submissions globally, including ongoing discussions with the FDA regarding the existing Emergency Use Authorization for sotrovimab. Today's update follows announcements in the first half of 2021 regarding the COMET-ICE Phase 3 trial, which investigated IV infusion of sotrovimab in adults with mild or moderate COVID-19 at high risk of progression to severe disease. The final COMET-ICE trial results in the full study population of 1,057 participants, demonstrated a 79% reduction in hospitalization and death at Day 29 vs placebo.
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CGEN | Hot Stocks07:16 EST Compugen reports preliminary data comparing PVRIG to TIGIT and PD-1 - Compugen announced the presentation of new translational preliminary data detailing the differentiated profile of PVRIG compared to TIGIT and PD-1 as a novel checkpoint in the DNAM axis, supporting its potential role as a dominant checkpoint involved in stem-like memory T cells and dendritic cell interaction at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, being held on November 10-14. "We believe evidence is growing to consistently demonstrate that PVRIG is a novel and differentiated checkpoint with a potential unique role in cancer immunotherapy" said Eran Ophir, Ph.D., Vice President of Research and Drug Discovery at Compugen. "For cancer immunotherapy to work, T cells are needed at the tumor site and recent studies suggest that early-memory (stem-like) T cells and DCs play an important role in this process. Here we show for the first-time preliminary data demonstrating greater induction of activated DC markers in the serum of two patients responding to our potentially first in class anti-PVRIG antibody, COM701, in combination with nivolumab compared to non-responders, potentially because of DC- T cell interaction. This preliminary data is in line with our recent scientific finding showing that PVRL2, the ligand of PVRIG, is abundantly expressed across DCs types, while PVRIG, measured by both gene and protein expression, is uniquely and dominantly expressed on early memory cells in contrast to TIGIT and PD-1." Anat Cohen-Dayag, Ph.D., President and CEO of Compugen, added, "These new preliminary data further support our earlier findings that PVRIG plays a distinct role within the DNAM axis which we believe is important for triggering robust immune responses in the tumor microenvironment. PVRIG blockade may lead to key mechanistic differences as compared to other DNAM axis members, namely TIGIT and PD-1, with the potential to enhance T cell proliferation and tumor infiltration to address both inflamed and less inflamed tumor types where current checkpoint inhibitors have not shown success. With our potentially first-in-class anti- PVRIG antibody, COM701, we are uniquely positioned to target the DNAM axis in combination with TIGIT and PD-1/L1 inhibitors and look forward to continued translation of these scientific learnings across our ongoing clinical programs."
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CGEN BMY | Hot Stocks07:13 EST Compugen reports results from Phase 1/2 triple combination dose escalation study - Compugen (CGEN) announced the presentation of preliminary results from its ongoing Phase 1/2 triple combination dose escalation study evaluating the combination of COM701, Compugen's potentially first-in-class anti-PVRIG antibody, with Bristol Myers Squibb's (BMY) anti-PD-1, Opdivo and BMS-986207, an investigational anti-TIGIT antibody, at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, being held November 10-14. "The preliminary data reported from this Phase 1/2 triple combination dose escalation study demonstrate that triple blockade of PVRIG, TIGIT and PD-1 is well tolerated, with a favorable safety and toxicity profile and a maximum tolerated dose was not reached." said principal investigator and presenting author Ecaterina Elena Dumbrava, M.D., Assistant Professor of Investigational Cancer Therapeutics, at the University of Texas MD Anderson Cancer Center. "The totality of the data is encouraging and I look forward to enrolling patients to the expansion cohorts in select tumor types to potentially address the unmet need of patients who do not respond to existing immune checkpoint inhibitors."
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HCWB | Hot Stocks07:11 EST HCW Biologics expects cash to fund operations into 2023 - Cash and cash equivalents: On September 30, 2021, the Company's cash balance was $15.1 million, short-term investments were $25.0 million and long-term investments were $10.0 million. The net proceeds from the IPO were $49.0 million. The Company estimates that it has sufficient cash to fund operations and capital expenditures into 2023. This estimated cash runway does not include potential sources of non-dilutive financing, which may be obtained from existing or new out-licensing agreements.
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AKUS | Hot Stocks07:09 EST Akouos expects cash balance to fund operations for at least the next two years - Cash, cash equivalents, and marketable securities were $249.7M as of September 30, 2021, as compared to $308.0M as of December 31, 2020.
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CBIO | Hot Stocks07:08 EST Catalyst Biosciences announces expected milestones - Submit an IND for CB 4332. Announce a development candidate from Catalyst's ProTUNE(TM) platform that leverages the Company's knowledge of CFI. Complete transfer of CBIO supported activities to Biogen for CB 2782-PEG, the C3 degrader for the potential treatment of dry AMD.
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GANX | Hot Stocks07:07 EST Gain Therapeutics announces upcoming milestones - Upcoming 4Q'21 & FY'22 Milestones: Industry Conference - Full data from collaboration with University of Maryland School of Medicine on GBA-associated Parkinson's Disease; Initiate IND-enabling studies in 4Q'21 for Gaucher and Parkinson's Disease; and IND Submission to the US Food and Drug Administration in 2H'22.
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GSK VIR | Hot Stocks07:06 EST GSK, Vir say primary endpoint met in COMET-TAIL Phase 3 trial in early COVID-19 - GlaxoSmithKline (GSK) and Vir Biotechnology (VIR) announced headline data from the randomized, multi-center, open-label COMET-TAIL Phase 3 trial, which achieved its primary endpoint, demonstrating intramuscular administration of sotrovimab was non-inferior to intravenous administration for the early treatment of mild-to-moderate COVID-19 in high-risk, non-hospitalized adults and adolescents 12 years of age and older. The COMET-TAIL Phase 3 trial was designed to evaluate the efficacy, safety, and tolerability of sotrovimab delivered via IM administration compared to IV administration in high-risk patients up to seven days after symptom onset. In the IM administration arm of the trial, there was a 2.7% rate of progression to hospitalization for more than 24 hours or death through Day 29 of the trial, compared to 1.3% in the IV administration arm. The adjusted difference between the IM and IV arms of the trial was 1.07% with a 95% confidence interval of -1.25% to 3.39%. The upper bound of the 95% CI is within the predetermined 3.5% non-inferiority margin set for the trial's primary endpoint in consultation with the US Food and Drug Administration. The companies plan to progress regulatory submissions globally, including ongoing discussions with the FDA regarding the existing Emergency Use Authorization for sotrovimab.
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CBIO | Hot Stocks07:05 EST Catalyst Biosciences to discontinue MarzAA development - Catalyst Biosciences announced a strategic decision to halt the clinical development of MarzAA, report data to date, and seek a buyer for its hemophilia assets. Catalyst plans to focus its resources on its complement therapeutics and protease medicines platform. The Company also reported its operating and financial results for the third quarter ended September 30, 2021. "We have made a strategic decision to stop the clinical development of MarzAA and focus solely on our complement programs and protease medicines platform. Based on several factors including a recently updated feasibility assessment, we determined that we cannot continue to develop MarzAA through completion of the ongoing trials. Enrollment in our MarzAA clinical trials has been adversely impacted by several factors, including pandemic-related logistical challenges, competition for subjects, and increasing availability of prophylaxis therapy globally. Given these factors, it is no longer feasible for us to deliver topline data in 2022. We will report on the data obtained in the Crimson-1 trial to date showing that we have successfully treated bleeds with subcutaneous MarzAA and have not observed any treatment-related adverse or thrombotic events," said Nassim Usman, Ph.D., chief executive of Catalyst Biosciences. "We are exploring opportunities to license or sell our MarzAA and DalcA portfolios and will donate any standard-of-care to the centers where patients are enrolled. Halting development of MarzAA will allow us to reduce our burn rate by approximately 40% and focus our investment on our highly promising complement therapeutics and protease medicines platform. We want to thank our study subjects, clinical trial investigators and site staff, employees, and investors for their partnership and commitment to the MarzAA programs over the last several years. Candidates from our protease platform offer a differentiated approach to complement regulation by rapidly engaging and degrading high abundancy targets in a way antibodies and small molecule inhibitors cannot. We believe that investing in novel solutions for complement-mediated disease will open opportunities in multiple settings ranging from ultra-orphan to large markets with significant unmet needs, including nephrology, inflammation and ophthalmology. We will advance the clinical development of CB 4332, an SQ-dosed enhanced complement Factor I (CFI), as swiftly as possible and continue to generate development candidates from our protease platform that we will either license out or develop on our own. We believe that the complement therapeutics market holds tremendous potential and that investing our resources in these programs is the optimal strategy going forward," concluded Dr. Usman.
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CGEN | Hot Stocks07:04 EST Compugen presents preliminary results from COM902 trial - Compugen announced the presentation of preliminary results from its ongoing Phase 1 dose escalation study evaluating COM902, Compugen's anti-TIGIT antibody, in patients with advanced solid tumors at the 36th Annual Meeting of the Society for Immunotherapy of Cancer, being held on November 10-14. The study enrolled 18 patients with advanced solid tumors who exhausted all available standard therapies. The study population was heavily pretreated with the median number of prior therapies was seven, with a minimum of two and maximum of 16. COM902 administered IV Q3W was well tolerated with a favorable safety profile. A maximum tolerated dose of COM902 was not reached. One patient in the 0.01 mg/kg dose cohort reported a dose limiting toxicity of Grade 2 vomiting, and one patient in the 1 mg/kg dose cohort had a DLT of Grade 3 atrial fibrillation; these were assessed by the investigator as possibly related to study treatment with COM902. No DLTs were reported at any other COM902 doses including higher doses. COM902 3 mg/kg IV Q3W has been selected as the recommended dose for expansion. Best response of stable disease, or SD, was reported in nine patients, with six patients having confirmed SD and three patients with SD of at least six months. No depletion of major lymphocyte populations expressing TIGIT in the peripheral blood analysis COM902 monotherapy expansion cohort is enrolling up to 10 patients. A PD-1-free regimen of COM902 cohort expansion in combination with COM701 has been initiated.
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MDNA | Hot Stocks07:04 EST Medicenna Therapeutics expects cash to fund operations through end of 2022 - Medicenna had cash, cash equivalents, and marketable securities of $26.7 million at September 30, 2021. These funds provide the Company with sufficient capital to execute its current planned expenditures through the end of calendar 2022 based on its current plans and projections. Cash used in operating activities increased in the quarter ended September 30, 2021 due to one-time cash outflows associated with completing GMP manufacturing and IND enabling studies for MDNA11 during the quarter as well as paying our annual Directors & Officers liability insurance premiums. We have projected a lower quarterly cash burn in the next few quarters as these one-time high-cost activities are now complete.
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AKRO | Hot Stocks07:03 EST Akero Therapeutics continues to see cash funding operations into Q3 of 2023 - Akero's cash, cash equivalents and short-term marketable securities for the period ended September 30, 2021 were $215.1 million.
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WRBY | Hot Stocks06:59 EST Warby Parker reports Q3 active customers up 395,000, or 23%, to 2.15M - Gross margin was 58.0% compared to 61.5% in the prior year, primarily driven by increased penetration of contact lenses versus the prior year, reflecting Warby Parker's strategy to grow its contact lens offering. Gross margin also includes approximately 70 basis points of stock-based compensation expense related to the company's direct listing in 2021. In addition, gross margin for third quarter 2020 includes approximately 90 basis points of improvement related to a tariff rebate received.
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ACM | Hot Stocks06:58 EST Aecom awarded contract for new runway at Denver International Airport - AECOM announced it has been awarded a contract to provide program management services for the development of the seventh runway at Denver International Airport, or DEN. In this role, AECOM will coordinate environmental assessment activities and manage the preliminary design effort. In addition to environmental coordination and leading the design management, AECOM will facilitate sustainability initiatives, including early integration with Envision and Leadership in Energy and Environmental Design framework; provide program controls to balance scope, schedule, risk, and budget; support construction procurement through coordination, alternative delivery analysis, and document preparation; conduct public outreach activities to connect with and inform local businesses and community stakeholders; and oversee and report on program-level disadvantaged business enterprise participation and engagement.
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ALV | Hot Stocks06:56 EST Autoliv announces launch of Japan 'footprint optimization plan' - Autoliv announced the launch of a "Japan footprint optimization plan," including the establishment of a new state of the art production facility in central Japan and phasing out two existing plants. The new facility will be centrally located, supporting the optimization of the Autoliv Japan footprint and business. When the new facility is completed, Autoliv will have three manufacturing plants in Japan, one in the east, one in the west and one in the central area of the country, closely aligned with car manufacturers' footprint in Japan. Two existing manufacturing facilities will be phased out. The new production facility will go live latest by Q3 2023 with the phasing out of two facilities by the end of 2023. "The investment demonstrates Autoliv's commitment to its customers and to the Japanese market. Supported by Autoliv's strong engineering and manufacturing capabilities in Japan, we have gained a leading position with Japanese car manufactures across the world. In 2020, the Japanese market accounted for 10% of Autoliv's global sales. Globally, Japanese customers accounted for 30% of our total sales in 2020. Currently, Autoliv has no production facility in central Japan, although this is where 40% of vehicles in Japan are produced," the company said.
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NVO | Hot Stocks06:53 EST Novo Nordisk says Ozempic 2.0 mg recommended for approval by EMA's CHMP - Novo Nordisk announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion recommending a label extension for the existing marketing authorization for Ozempic, a once-weekly glucagon-like peptide-1 analogue, to introduce a new dose of 2.0 mg. Ozempic is currently approved in the EU in 0.5 mg and 1.0 mg doses for the treatment of type 2 diabetes in adults. Novo Nordisk expects a final approval by the European Commission within approximately two months, and Ozempic 2.0 mg will be launched in the EU in the first half of 2022. The label expansion for semaglutide 2.0 mg is under regulatory review in the U.S. "The recommendation for the EU label extension of Ozempic with the 2.0 mg dose is an important step towards offering additional options to people with type 2 diabetes who need treatment intensification to achieve their individualized glycemic targets," said Martin Lange, executive vice president, Development at Novo Nordisk.
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HYZN | Hot Stocks06:52 EST Hyzon Motors expects to ship 85 vehicles before end of year - The company said, "Hyzon reaffirms its forecast for 85 vehicles shipped before December 31, 2021, and expects to have Hyzon vehicles on the road in Asia, Australia, Europe and North America by the end of the year. U.S. manufacturing facilities are well underway, and both the Rochester, NY and Bolingbrook, IL facilities are now anticipated to be in full production by the end of the first half of 2022. Hyzon is well positioned to capitalize on the impending uptake in zero emission commercial vehicle solutions in light of recent developments surrounding the COP 26 Climate Summit, and through US federal and state policy developments pursuing carbon abatement."
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BRO | Hot Stocks06:47 EST Brown & Brown acquires Heacock Insurance Group, terms not disclosed - J. Scott Penny, chief acquisitions officer of Brown & Brown, and Stacey Heacock Weeks, Jason Heacock and Ford Heacock, III the principals of Heacock Insurance Group, announced that Brown & Brown has acquired the assets of Heacock Insurance. Heacock Insurance is a fifth-generation, family-owned agency providing risk management solutions for its central Florida customers since 1922.
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JNJ | Hot Stocks06:45 EST Johnson & Johnson announces intent to separate Consumer Health business - Johnson & Johnson announced its intent to separate the company's Consumer Health business, creating a new publicly traded company. As previously announced, Alex Gorsky will serve as executive chairman of Johnson & Johnson and transition the CEO role to Joaquin Duato, currently vice chairman of the company's executive committee, effective January 3, 2022. Duato would continue to lead the new Johnson & Johnson following completion of the planned separation. The New Consumer Health Company would be a global consumer health company including brands such as Neutrogena, Aveeno, Tylenol, Listerine, Johnson's and Band-Aid. The New Consumer Health company's board of directors and executive leadership would be determined and announced in due course as the planned separation process progresses. The board of directors' intent is to effect the planned separation through the capital markets, creating two independent companies. The transaction is intended to qualify as a tax-free separation for U.S. federal income tax purposes. In addition, it is expected that the overall shareholder dividend will remain at least at the same level following the completion of the transaction. The company is targeting completion of the planned separation in 18 to 24 months, subject to the satisfaction of certain conditions including, among others, consultations with works councils and other employee representative bodies, as required, final approval of Johnson & Johnson's Board of Directors, receipt of a favorable opinion and Internal Revenue Service ruling with respect to the tax-free nature of the transaction, and the receipt of other regulatory approvals. There can be no assurance regarding the ultimate timing of the proposed transaction or that the transaction will be completed.
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SPB | Hot Stocks06:41 EST Spectrum Brands sees $230M-$250M of additional inflation during FY22 - From a capital structure perspective, the company is targeting a long-term net leverage ratio of 2.0-2.5 times after full deployment of HHI proceeds.
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SPB | Hot Stocks06:38 EST Spectrum Brands sees $230M-4250M of additional inflation during FY22 - From a capital structure perspective, the company is targeting a long-term net leverage ratio of 2.0-2.5 times after full deployment of HHI proceeds.
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TOSYY | Hot Stocks06:12 EST Toshiba announces plan to split into three standalone companies - Toshiba Corporation announced a plan to separate into three standalone companies to create enhanced value for shareholders. This Plan is the culmination of nearly five months of work by the Strategic Review Committee of Toshiba's board of directors to: Undertake a rigorously objective review process; Consider a full range of options to unlock shareholder value; Take into consideration the direct input of shareholders and potential investors, both strategic and financial; and Develop the best approach for the Company to optimize value for shareholders and other important stakeholders. Under the Plan, Toshiba said it would be rejuvenated following its transformation into three separate entities that are each better organized and focused to unlock shareholder value in a much more credible and effective way than the Company can achieve in its current form. The company said: "To be clear, the Separation Plan is only the beginning of a process that contemplates a significant transformation of each independent company, positioning them better for sustained profitable growth while securing near-term returns for shareholders. In addition, the SRC has recommended to the Board that it undertake immediately seven clearly defined commitments to enhance corporate value - including share buybacks and asset dispositions - during the preparation phase of the Separation Plan." Reference Link
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BDX | Hot Stocks06:09 EST Becton Dickinson targets long term revenue growth 5.5%, double-digit EPS growth - Becton Dickinson will begin its Investor Day at 8 a.m. ET. The company is targeting long-term compound annual revenue growth of 5.5% or more with margin leverage to achieve double-digit EPS growth and a consistently increasing dividend. "Our BD 2025 strategy focuses on three pillars of Grow, Simplify and Empower that serve as our 'true north' for delivering value to all stakeholders," said Tom Polen, chairman, chief executive officer and president of BD. "Since launching our strategy in 2020, we've made significant progress and taken a series of bold actions to accelerate growth through a focus on organic innovation, geographic expansion and tuck-in M&A. These actions and our simplification initiatives have enabled BD to shift more of our investments toward innovations that align with the three irreversible forces where BD is uniquely positioned to drive better outcomes for patients and providers across the globe. Growth through innovation, expanding margins and a balanced capital deployment strategy are key tenets in our BD 2025 strategy that we believe will drive long-term shareholder value."
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ATHX | Hot Stocks06:06 EST Athersys' Healios reports update from studies involving MultiStem HLCM051 - Athersys reports that HEALIOS, its development and commercial partner in Japan, provided an update earlier this morning regarding its clinical programs for acute respiratory distress syndrome, or ARDS, and ischemic stroke involving MultiStem, HLCM051, invimestrocel, in its FY2021 Q3 financial results presentation. Healios noted that following its Q3 announcement of topline data from its ONE-BRIDGE clinical trial evaluating the safety and efficacy of MultiStem cell therapy in patients with ARDS, it has continued to consult with the Pharmaceuticals and Medical Devices Agency, or PMDA, regarding preparations for filing for regulatory approval for MultiStem for the treatment of ARDS. Currently, Healios is targeting the filing of the application for this orphan regenerative medicine product for Q4 2021/Q1 2022. Healios also provided an update regarding the timing of disclosure of topline data from its double-blind, placebo-controlled TREASURE study to evaluate MultiStem treatment in ischemic stroke patients. As a result of advice from the PMDA, Healios now plans to disclose topline results from the study after data has been collected from the one-year follow-up visit of the last patient enrolled. Healios expects this last follow-up visit to take place in March 2022. Unblinding for data analyses will occur after the collection of information from the last patient follow-up visit.
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SOL | Hot Stocks06:06 EST ReneSola, Emeren launch 7 MW ground-mounted solar project in Italy - ReneSola and Emeren announced the launch of a 7 MW ground-mounted solar project, jointly developed by the two companies in southern Italy. This project falls within the framework of the partnership agreement announced by ReneSola Power and Emeren on July 30, under which the two companies expect to develop projects in a broad range of sizes across Italy, with a target of reaching 110 MW shovel-ready projects by 2022.
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RIDE | Hot Stocks05:54 EST Lordstown delays Endurance deliveries to Q3 of 2022 - The company said in last night's earnings release, "Since the beginning of the fourth quarter, we have begun building the first of what we expect to be approximately 100 pre-production vehicles that we will use to pursue a variety of validation activities aimed at achieving full homologation. This is a modest delay from earlier expectations as component and material shortages, along with other supply chain challenges, remain an issue for Lordstown Motors just as they are for the industry at large. We now expect that commercial production and deliveries of the Endurance will begin in the third quarter of 2022." Shares of Lordstown are down 11% to $6.16 in premarket trading.
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FTCH | Hot Stocks05:41 EST Farfetch confirms discussions of expanded Richemont partnership - Farfetch confirmed that they are in discussions with Richemont in relation to a potential expansion of their existing luxury new retail strategic partnership. The parties are discussing a number of possible options, including the leveraging of Farfetch Platform Solutions to power Richemont's maisons and Yoox Net-a-Porter, or YNAP, the participation of Richemont's maisons in Farfetch's Marketplace and a minority investment in YNAP by Farfetch. However, there can be no guarantee that the parties will be able to reach an agreement on any of the options under consideration. If these discussions progress, Farfetch will make further announcements if and when required.
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HEPS FB | Hot Stocks05:18 EST Hepsiburada announces joint performance advertising platform with Facebook - Hepsiburada (HEPS) announced a joint performance advertising platform in partnership with Facebook (FB). Managed Partner Ads, or MPA, is a next-generation social media advertising platform designed to be used exclusively by Hepsiburada's small and mid-size enterprises, or SMEs. The platform allows SMEs to place targeted ads on Facebook and Instagram. Once live, the ads will be seen by millions of potential customers on Facebook and Instagram, helping to boost sales. The platform also enables businesses selling on Hepsiburada to manage their advertising campaigns. The platform's goal is to enable SMEs who sell their products on Hepsiburada to increase their web traffic by a factor of 10 and potentially triple their sales through advertising on Facebook and Instagram. The sign-up process for SMEs before they can gain access to the Hepsiburada-specific Facebook ad panel is user-friendly and includes five steps; asset identification, budget setting, ad creation, product review and preview.
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DADA | Hot Stocks05:15 EST Dada Nexus announces record sales, deliveries during Singles Day - Dada Group announced record sales and deliveries during 2021 Singles Day Shopping Festival. Singles Day, which falls on November 11 of each year, is China's largest national online shopping event. This year, Dada Group and JD.com jointly launched "Shop Now", enabling consumers to enjoy "order online, delivery from store, within one hour" service when purchasing products on the JD App during the Festival. They also co-create "Nearby" tab, located at the top right of JD app, connecting 530M JD users to over 100,000 physical retail stores on JDDJ, delivering a faster, cheaper, and better online shopping experience. During Singles Day Festival, sales of home appliances on Shop Now and JDDJ increased by more than 10 times compared to last year, smartphones increased by 4.7 times, while books and videos, beauty and personal care, maternal and child, pets all doubled sales. Both national chain retailers and regional retailing outlets achieved growth in online sales in the Festival. Walmart continued to be the champion in sales on JDDJ, setting a new high on November 11. Sales of Yonghui increased by five times on Shop Now year-on-year, CR Vanguard increased by four times, CP Lotus, 7 Fresh, and Aeon all increased by over 1.6 times. Top-selling smartphone and beauty brands, both domestic and international, also saw boosts in sales on Shop Now and JDDJ's platforms. Sales of Apple, Xiaomi, Samsung, and realme increased by more than 10 times over last year's Festival on Dada's platforms, while Honor and vivo increased by eight and six times separately. Watsons, Mannings, and Gialen all increased by 1.5 times in sales, China's sports brand Xtep increased by 10 times. Dada Now provides one-hour delivery and online order fulfillment services that are not only stable, efficient and fast, but also flexible enough to meet the peak-day need of Singles Day. The platform delivered more than double orders for chain merchants during the Festival, and the average order delivery time was 23 minutes on November 11. In addition, Dada autonomous delivery operation system participated in Singles Day for first time, which has been adopted by Sam's Club, 7 Fresh and Yonghui to bring unmanned delivery for a dozen neighborhoods. As a SaaS product that enables retailers to drive O2O sales while streamlining operations, Dada Haibo system has been adopted by more than 5000 retail stores. The omni-channel orders served by Haibo increased by 2.5 times during the Festival compared to the year prior. Dada Picking has recruited more than 30,000 pickers for chain supermarkets, with the number of orders picked on November 11 rising by nearly 70% over June 18 this year.
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