NDRI CEO Bill Leinweber Appointed to Pennsylvania Organ Donation Advisory Committee

NDRI CEO Bill Leinweber Appointed to Pennsylvania Organ Donation Advisory Committee




NDRI CEO Bill Leinweber Appointed to Pennsylvania Organ Donation Advisory Committee

PHILADELPHIA–(BUSINESS WIRE)–The National Disease Research Interchange (NDRI) is proud to announce that Pennsylvania Governor Josh Shapiro has reappointed NDRI President & CEO Bill Leinweber to the Commonwealth of Pennsylvania’s Organ Donation Advisory Committee. Leinweber has served as a member of the Committee since 2019.




The Organ Donation Advisory Committee is charged with advising the secretary of health on a range of matters involving the Commonwealth’s Organ and Tissue Awareness Trust Fund. It reviews progress in the areas of organ and tissue donation and recommends education and awareness training programs. The committee also reports to the general assembly at the end of each legislative session. Its members include leaders in the organ and tissue donation field as well as organ donor families and recipients.

“I am honored to continue my service on the Organ Donation Advisory Committee,” said Leinweber. “The Committee plays an integral role in the organ donation process, from education and awareness to recommending improvements to current policies.”

Leinweber has more than 30 years of experience advocating for the advancement of biomedical research, public health, and expanded access to healthcare at the national, state, and local levels. Prior to joining NDRI in 2012, he led several trade and advocacy organizations, including serving as executive vice president of Research!America and the American Academy of Physician Assistants (AAPA). He also held leadership positions with the American Heart Association and was part of the founding executive management team of the Campaign for Tobacco-Free Kids, the nation’s largest private initiative ever launched to reduce youth tobacco consumption and addiction.

Leinweber received his MBA with honors from The Ohio State University and has completed post-graduate study at The Wharton School at the University of Pennsylvania. He received his undergraduate degree with high honors from Marshall University. He is a member of the American Association for the Advancement of Science (AAAS).

About NDRI

NDRI is the nation’s leading source of human tissues, cells and organs for scientific research. A not-for-profit 501 (c) (3) organization founded in 1980, NDRI is funded in part by the National Institutes of Health, public and private foundations and organizations, pharmaceutical and biotechnology corporations. NDRI is a 24/7 operation that partners with a nationwide network of over 130 tissue source sites, including organ procurement organizations, tissue banks, eye banks, and hospitals. NDRI is uniquely positioned to support breakthrough advances and discoveries that can affect advances in the treatment and cure of human diseases. Learn more at www.ndriresource.org.

Contacts

Media Inquiries:

Anne Voorhees

Director, Marketing and Communications

215.557.7361, ext. 239

avoorhees@ndriresource.org
www.ndriresource.org

Greywolf Appoints Darlene Deptula-Hicks as Chief Financial Officer

Greywolf Appoints Darlene Deptula-Hicks as Chief Financial Officer




Greywolf Appoints Darlene Deptula-Hicks as Chief Financial Officer

OXFORD, England–(BUSINESS WIRE)–Greywolf Therapeutics, a clinical-stage biotech company advancing novel antigen modulation technology that controls T cells to guide the immune system, has appointed Darlene Deptula-Hicks as Chief Financial Officer. An accomplished biotech and healthcare executive, Ms. Deptula-Hicks most recently served as Chief Financial Officer of F-star Therapeutics Inc. (FSTX), which she took public on the NASDAQ in 2020, through to the successful sale of the company in 2023.


“I’m delighted to officially welcome Darlene as our Chief Financial Officer and I am excited about the impact she will bring to Greywolf as we progress our first-in-class antigen modulators through the clinic,” said Peter Joyce, CEO & Co-founder of Greywolf Therapeutics. “Darlene’s extensive biotech financing and US public company experience will be instrumental in helping us to achieve our growth ambitions and strengthen our ability to deliver our first-in-class treatments to patients.”

Ms. Deptula-Hicks brings over 30 years of corporate finance, capital markets, M&A, accounting and investor relations experience within publicly listed US companies and private healthcare and biotech companies. Recently and prior to F-Star, she worked in CFO roles across numerous biotech and pharmaceutical companies, including Normunity, Northern Biologics, Pieris Pharmaceuticals (PIRS) and T2 Biosystems, (TTOO) and has a longstanding track record of growing companies and raising capital in public and private equity markets. She also currently serves on the boards of Abcuro and Avacta Therapeutics.

“I am thrilled to be joining Greywolf at this exciting time and see great potential in its novel antigen modulation technology to address the growing need for more efficacious therapies for patients.” said Ms. Deptula-Hicks, “It’s exciting to be part of an energized, growing organization and I am looking forward to working alongside Peter and the team to build on our recent financial and operational success.”

About Greywolf Therapeutics

Greywolf Therapeutics is a clinical-stage biotech company advancing novel antigen modulation technology which controls T cells to guide the immune system. Greywolf’s technology modulates antigen presentation, flicking a switch inside cells to alter their appearance to the immune system and the company is progressing first-in-class antigen modulators to treat people living with autoimmune disorders, cancer and infectious diseases.

The company’s lead antigen modulator (GWRD5769) delivered strong results during a phase I/II trial in oncology, demonstrating proof-of-mechanism and target engagement, while the company’s second (GRWD0715) is accelerating through preclinical development as a potential treatment within autoimmunity.

Greywolf is headquartered in Oxford, UK.

More information: Website | LinkedIn

Contacts

Greywolf Therapeutics

Patrick White, Head of Communications

+44 (0) 01235 644 970

patrick.white@gwt.bio

FTI Communications
(on behalf of Greywolf)
Ben Atwell / Mike Trace (media)

+44 20 3727 1000

GreyWolfTx@fticonsulting.com

Meiji Seika Pharma Announces Investment in ARCALIS, Inc.

Meiji Seika Pharma Announces Investment in ARCALIS, Inc.




Meiji Seika Pharma Announces Investment in ARCALIS, Inc.

TOKYO–(BUSINESS WIRE)–$ARCT #ClinicalTrial–Meiji Seika Pharma Co., Ltd. (Headquarters: Tokyo, Japan, President and Representative Director: Daikichiro Kobayashi; hereinafter referred to as “Meiji Seika Pharma”) today announced its investment in ARCALIS, Inc. (Headquarters: Minami-soma City, Fukushima Prefecture; President: Satoshi Takamatsu; hereinafter referred to as “ARCALIS”).

ARCALIS is a joint venture between Axcelead, Inc., which manages a group of world-class pharmaceutical and healthcare platform companies, and Arcturus Therapeutics, Inc. a commercial mRNA medicines and vaccines company. ARCALIS is engaged in the development of mRNA pharmaceuticals and vaccines, as well as contract development and manufacturing organization (CDMO) services. The company plans to establish a comprehensive system for the domestic production of mRNA vaccines, ranging from the development of manufacturing technologies to the production of both active pharmaceutical ingredients and formulations.

In response to the lessons learned from the delays experienced in the development of COVID-19 vaccines during the pandemic, ARCALIS and Meiji Seika Pharma are committed to advancing the development, production, and supply of mRNA vaccines in line with the “Strategy for Strengthening Vaccine Development and Production Systems” adopted by the Japanese government. This strategy is designed to ensure that the necessary quantities of vaccines are delivered to the population in a timely manner when they are needed.

This investment will further strengthen the collaborative relationship between the two companies. The combination of ARCALIS’ advanced technology and operations in mRNA pharmaceuticals and vaccines with Meiji Seika Pharma’s expertise in manufacturing, post-marketing safety management and stable product supply is expected to significantly improve the supply of mRNA vaccines in Japan.

Meiji Seika Pharma plans to supply the domestically produced next-generation sa-mRNA vaccine (replicon) ‘KOSTAIVE® for Intramuscular Injection’ in December 2024. This vaccine will be formulated by a Meiji Seika Pharma Group company using the active pharmaceutical ingredient produced by ARCALIS. Supply will commence upon approval of the partial change in manufacturing and marketing authorization for the additional domestic manufacturing sites currently under application.

Meiji Seika Pharma is committed to the timely and reliable production and supply of essential vaccines to the public in response to potential future infectious diseases.

About Meiji Seika Pharma

Meiji Seika Pharma, since it launched penicillin in 1946, has been providing efficacious and high-quality pharmaceutical products including therapeutics and vaccines for infectious diseases, therapeutics for central nervous system diseases and generic drugs, to meet various medical needs.(https://www.meiji.com/global/pharmaceuticals/

About ARCALIS

ARCALIS is an mRNA vaccines and therapeutics contract development and manufacturing organization (“CDMO”), jointly established by Axcelead, Inc. and Arcturus Therapeutics, Inc.. ARCALIS aims to develop the world’s first mRNA vaccines and therapeutics CDMO business that promises a stable supply of high-quality mRNA medicines to all customers, including Arcturus, other pharmaceutical companies, biotech companies, and academic institutes worldwide. (https://corp.arcalis.co.jp/en/)

About Axcelead

Axcelead is a healthcare platform company that owns Axcelead Drug Discovery Partners, Inc., Japan’s first drug discovery solution provider, and ARCALIS Inc., a CDMO company capable of integrated manufacturing of mRNA pharmaceuticals. (https://www.axcelead-hd.com/en-home/)

About Arcturus Therapeutics

Arcturus Therapeutics Holdings Inc. founded in 2013, is a commercial mRNA medicines and vaccines company focused on the development of infectious disease vaccines and opportunities within liver and respiratory rare diseases. (https://arcturusrx.com/)

Contacts

Meiji Seika Pharma
Public Relations

Sayoko Taga

pr-pharma@meiji.com

Axcelead, Inc. & ARCALIS, Inc.
Public Relations & Investor Relations

Mitsuo Oguri

mitsuo.oguri@axcelead.com

Arcturus Therapeutics
Public Relations & Investor Relations

Neda Safarzadeh

VP, Head of IR/PR/Marketing

(858) 900-2682

IR@ArcturusRx.com

Curatis will apply for a Biologic License for C-PTBE-01 in the USA – this will significantly increase the duration of market protection in the USA in the event of approval

Curatis will apply for a Biologic License for C-PTBE-01 in the USA – this will significantly increase the duration of market protection in the USA in the event of approval




Curatis will apply for a Biologic License for C-PTBE-01 in the USA – this will significantly increase the duration of market protection in the USA in the event of approval

LIESTAL, Switzerland–(BUSINESS WIRE)–Curatis Holding (SIX:CURN) has explored in detail which regulatory pathway should be pursued in view of a possible approval of C-PBTE-01 in the USA. The detailed clarifications in collaboration with a renowned US law firm and their regulatory experts have shown that C-PTBE-01 meets the criteria for a Biologic License Application (BLA). If approved in the USA, this would result in a market protection of 12 years, significantly longer than the 7 years market protection under orphan drug status. This would extend the market protection for C-PTBE-01 in the USA by 70% or 5 years.


According to the US Public Health Service Act, the status of “biologic” is intended for peptides with a length of more than 40 amino acids. The molecule C-PTBE-01 has a length of 41 amino acids. The orphan drug designation for C-PTBE-01 will be pursued as planned.

About C-PTBE-01

Curatis is focusing its development activities for C-PTBE-01 on an very rare group of aggressive brain tumours (Diffuse Midline Glioma, DMG). These tumours mainly affect children, with most cases being diagnosed between the ages of 5 and 9. In the USA, around 800 patients are diagnosed with DMG every year; in Europe, the number is in the same order of magnitude, which is why the disease is considered a ‘rare disease’ for regulatory purposes.

In connection with DMG, indirect brain damage regularly occurs due to an accumulation of extracellular fluid in the vicinity of the tumour. This peritumoural brain edema (PTBE) can cause symptoms such as headaches, vomiting and neurological dysfunction such as paralysis, speech disorders, visual problems and altered mental status and can be life-threatening.

The current typical treatment method for PTBE is the use of corticosteroids. Corticosteroids often have serious side effects such as severe myopathies, muscle wasting, abnormal weight gain, osteoporosis, gastritis, gastrointestinal bleeding, hypertension and personality changes. The already serious side effects are exacerbated in children.

C-PTBE-01 has demonstrated a strong steroid-sparing effect in two clinical safety and efficacy studies, which may lead to a significant reduction or complete replacement of corticosteroid use and thus alleviation of the severe side effects associated with steroid use in children.

A detailed analysis of Curatis and its product candidates is available in a research report at https://ir.curatis.com/equity-research-reports.

About Curatis:

Curatis Holding AG is a publicly listed company (CURN.SW) specialising in the development and commercialisation of drugs for rare and very rare diseases. Curatis has a sales portfolio of more than 30 drugs and a pipeline of orphan drug products and speciality products that can make a significant contribution to cash flow from 2025 onwards. Further information can be found on the website www.curatis.com.

Disclaimer:

The information contained in this media release and in any link to our website indicated here is not for use in any country or jurisdiction or by any persons where such use would constitute a violation of law.

This media release contains “forward-looking statements” that are based on our current expectations, assumptions, estimates and projections about us and our industry. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “may”, “will”, “should”, “continue”, “believe”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “will likely continue”, “will likely result”, or words or phrases with similar meaning. Undue reliance should not be placed on such statements because, by their nature, forward-looking statements involve risks and uncertainties, including, without limitation, economic, competitive, governmental and technological factors outside the control of Curatis Group, that may cause Curatis’ business, strategy or actual results to differ materially from the forward-looking statements (or from past results). For any factors that could cause actual results to differ materially from the forward-looking statements contained in this media release, please see our listing prospectus in connection with the business combination from April 2024. Curatis Group undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted that past performance is not a guide to future performance.

The information contained in this media release is not an offer to sell or a solicitation of offers to purchase or subscribe for securities. This media release is not a prospectus within the meaning of the Swiss Financial Services Act nor a prospectus under any other applicable laws.

Some financial information in this media release has been rounded and, as a result, the figures shown as totals in this media release may slightly vary from the exact arithmetic aggregation of the figures that precede them.

Contacts

Contact for Media:
Dr. Roland Rutschmann, CEO

Phone: +41 61 927 8777

r.rutschmann@curatis.com

Contact for Investors:
Thomas Bieri, Managing Partner Yuma Capital

Phone: +41 44 575 20 01

thomas.bieri@yuma-capital.com

Gilead Prices $3.5 Billion of Senior Unsecured Notes

Gilead Prices $3.5 Billion of Senior Unsecured Notes




Gilead Prices $3.5 Billion of Senior Unsecured Notes

FOSTER CITY, Calif.–(BUSINESS WIRE)–Gilead Sciences, Inc. (Nasdaq: GILD), a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, today announced the pricing of senior unsecured notes in an aggregate principal amount of $3.5 billion, in an underwritten, registered public offering, consisting of $750 million of 4.80% senior notes maturing in 2029, $1 billion of 5.10% senior notes maturing in 2035, $1 billion of 5.50% senior notes maturing in 2054 and $750 million of 5.60% senior notes maturing in 2064. The offering is expected to close November 20, 2024, subject to customary closing conditions.


Gilead intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of indebtedness.

Barclays Capital Inc. and BofA Securities, Inc. are acting as lead joint book-running managers in the offering. The offering of the securities is being made only by means of a prospectus supplement and the accompanying base prospectus, which is filed as part of Gilead’s effective shelf registration statement on Form S-3 (File No. 333-273745), copies of which may be obtained from:

Barclays Capital Inc.

c/o Broadridge Financial Solutions,

1155 Long Island Avenue

Edgewood, NY 11717

(888) 603-5847

Email: barclaysprospectus@broadridge.com

 

BofA Securities, Inc.

NC1-022-02-25

201 North Tryon Street

Charlotte, NC 28255

(800) 294-1322

Email: dg.prospectus_requests@bofa.com

An electronic copy of the prospectus supplement and the accompanying base prospectus and other documents Gilead has filed with the U.S. Securities and Exchange Commission (“SEC”) may also be obtained at no charge at the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gilead Sciences

Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including the current market demand for these types of securities and the securities of Gilead and Gilead’s ability to consummate the offering in the currently anticipated timeframe or at all. These and other risks, uncertainties and other factors are described in detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as filed with the U.S. Securities and Exchange Commission. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The reader is cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and is cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.

Gilead and the Gilead logo are trademarks of Gilead Sciences, Inc., or its related companies.

Contacts

Ashleigh Koss, Media

public_affairs@gilead.com

Jacquie Ross, Investors

investor_relations@gilead.com

Olfactive Biosolutions Begins Production of Patented GLP-1/GIP Weight Loss and Blood Sugar Reduction Supplement

Olfactive Biosolutions Begins Production of Patented GLP-1/GIP Weight Loss and Blood Sugar Reduction Supplement




Olfactive Biosolutions Begins Production of Patented GLP-1/GIP Weight Loss and Blood Sugar Reduction Supplement

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Olfactive Biosolutions, the leader in harnessing food molecules for the treatment of chronic diseases, has begun production of its Protenx™ GLP-1/GIP Weight Loss patented weight loss and blood sugar reduction formulation under its U.S. patent US 12,102,664.


Olfactive Biosolutions’ Protenx™ GLP-1/GIP Weight Loss breakthrough food ingredients formulation activates olfactory receptors in the gut to induce the dual secretion of natural GLP-1 and GIP to facilitate weight loss and blood sugar reduction.

The Protenx formulation will be available as a supplement sold direct to consumers beginning in Q1 2025. Food and beverage manufacturers will also add Protenx GLP-1/GIP Weight Loss to their consumer products, bringing benefits consistent with current prescription-only pharmaceuticals without requiring changes to consumer behavior and without side effects. Olfactive Biosolutions manufacturing processes exceed cGMP (current good manufacturing practice) standards for food and dietary supplements.

“We are excited to have begun producing Protenx GLP-1/GIP Weight Loss, an important formulation in our line of Protenx products. The availability of this product will support our go to market launch in early 2025,” said Nils Lommerin, President and CEO of Olfactive Biosolutions.

Protenx, the company’s flagship line of products, stimulates olfactory and taste receptors in the gut and elsewhere in the body, delivering similar physiological effects of active pharmaceutical ingredients at a fraction of the cost and without side effects.

Olfactory and taste receptors are not just in the nose and tongue, but everywhere in the body – the lungs, the vasculature, the gut, kidneys, testes, heart and kidneys.

These ectopic receptors influence GLP-1 and GIP secretion, serotonin and dopamine secretion, blood pressure, muscle regeneration, bone remodeling, bronchodilation, kidney function and many other physiological pathways.

The Olfactive Biosolutions team has deep expertise in receptor protein science and the food & beverage industry. The company has several well-known biotechnology advisors from academia and the corporate world; its President and CEO is a former President, CEO and Director of Del Monte Foods.

About Olfactive Biosolutions

Olfactive Biosolutions is the leader in harnessing food molecules to treat chronic diseases. It has developed world-leading receptor technology and expertise in both ectopic receptors in the gut, lungs, skin, heart, blood and elsewhere, and olfactory and taste receptors in the nose and tongue.

Its unique technology demonstrates how ectopic receptors often perform the same physiological tasks as active pharmaceutical ingredients or APIs, and what ligands activate or inhibit them.

To learn more, visit https://olfactive.bio or follow us on LinkedIn.

Contacts

Investors contact:
Nils Lommerin

(949) 205-5776

nils@olfactive.bio

Media contact:
Deb Stapleton

(650) 815-1239

deb@olfactive.bio

TAE Life Sciences and Stella Pharma Announce Strategic Agreement for Development and Commercialization of BPA for BNCT Cancer Therapy in the USA and Europe

TAE Life Sciences and Stella Pharma Announce Strategic Agreement for Development and Commercialization of BPA for BNCT Cancer Therapy in the USA and Europe




TAE Life Sciences and Stella Pharma Announce Strategic Agreement for Development and Commercialization of BPA for BNCT Cancer Therapy in the USA and Europe

IRVINE, Calif.–(BUSINESS WIRE)–TAE Life Sciences (TLS), a leader in developing boron neutron capture therapy (BNCT) technology and associated innovative boron target drugs, and Stella Pharma, the pioneering developer of boronophenylalanine (BPA) under the product name Steboronine® for BNCT, are pleased to announce a strategic collaboration focused on the development, commercialization and expansion of BNCT using BPA in the United States and European markets.


Stella Pharma’s BPA drug is the world’s first and only clinically approved boron drug for BNCT, marking a breakthrough in cancer treatment. Japan became the first country to approve BNCT for the treatment of head and neck cancers, using Stella Pharma’s pioneering BPA drug. Now, Stella Pharma, as the leading producer and supplier of BPA, has joined forces with TAE Life Sciences to expand the adoption of BNCT worldwide.

Supporting the Future of BNCT Therapy

The collaboration objectives include extensive international cooperation in the development and commercialization of BNCT and BPA across the USA and Europe with clinical trials anticipated to begin in 2026. TLS will serve as the exclusive commercial partner for Stella Pharma’s BPA in these regions, representing a significant expansion of BNCT accessibility outside of Asia.

Our partnership with Stella Pharma combines our shared commitment to advancing BNCT as a viable cancer treatment for patients worldwide,” said Rob Hill, CEO of TAE Life Sciences. “We are excited to bring the proven benefits of BPA to U.S. and European healthcare institutions and to support BNCT globally with this powerful therapeutic solution.”

Both companies have also committed to supporting BNCT equipment vendors across all markets in implementing BPA-based BNCT treatments. By fostering partnerships within the BNCT ecosystem, TLS and Stella Pharma aim to enhance the clinical reach of BNCT in treating recurrent head and neck cancers and advancing clinical studies for other cancers, including brain, skin, breast, esophagus, and lung cancers.

Our alliance with TAE Life Sciences marks a significant step in expanding the reach of BPA-based BNCT treatments beyond Asia,” said Koki Uehara, President and Chief Operating Officer of Stella Pharma. “We look forward to collaborating internationally to develop and commercialize BNCT and aim to deliver these advancing cancer treatments to patients and their families worldwide.”

Exploring Future Opportunities Together

Stella Pharma and TAE Life Sciences share a vision of advancing BNCT treatment for hard-to-treat cancers and pledge to explore additional areas for collaboration. Through this alliance, they seek to accelerate innovation, expand treatment options, and ultimately improve outcomes for cancer patients worldwide.

Contacts

For more information, please contact:

TAE Life Sciences Media Relations
contact@taelifesciences.com
+1 949-830-2117

Stella Pharma Media Relations
sp-fcontact@stella-pharma.co.jp
+81 6-4707-1516

Anaergia Reports Third Quarter 2024 Financial Results

Anaergia Reports Third Quarter 2024 Financial Results




Anaergia Reports Third Quarter 2024 Financial Results

Anaergia seeing continued progress in business model transition

BURLINGTON, Ontario–(BUSINESS WIRE)–$ANRG #ANRG–Anaergia Inc. (“Anaergia”, the “Company”, “us”, or “our”) (TSX: ANRG), today announced its financial results for the three- and nine-month periods ended September 30, 2024 (“Q3 2024”), and the related management’s discussion and analysis (“MD&A”) for the period. Certain highlights from these financial results and from the MD&A follow. All financial results are reported in Canadian dollars unless otherwise stated.


Key Take-Aways from Q3 2024 Financial Results

Anaergia’s financial results for Q3 2024 reflect progress in the transition of its business model. Further to the Company’s adoption of a capital-light business model, Anaergia reported substantial improvements in Adjusted EBITDA, while at the same time reporting lower revenues as compared to the prior year.

Further to the closing of the third and final tranche of the $40.8 million equity investment by Marny Investissement SA (“Marny”), and after considering the improvements in the pipeline of opportunities, the future cash-flow projections, and the current cash position, management has determined that the conditions that had previously led to the doubt regarding the Company’s ability to continue as a going concern have now been mitigated.

Our recent marketing and capital sales successes reflect continuing progress in the Company’s new, more focused approach,” said Assaf Onn, Chief Executive Officer of Anaergia. “We view these developments during the quarter as confirmation that Anaergia is now heading in the right direction,” added Mr. Onn.

Financial Results for Q3 2024

Strategic highlights:

  • During Q3 2024, Marny completed the third and final tranche of its previously announced Strategic Investment (“Strategic Investment”) in Anaergia for gross proceeds of $14.7 million. As had been announced in December 2023, Marny and the Company agreed to a $40.8 million equity investment by Marny.
  • During Q3 2024, Anaergia completed its previously announced Reclassification (the “Reclassification”) of its subordinate voting shares as common shares of the Company. As a result of the Reclassification, the dual voting class share structure was eliminated.
  • During Q3 2024, Anaergia announced that the positions of both Assaf Onn, who had been acting Chief Executive Officer, and Gregory Wolf, CPA, MST, who was named interim Chief Financial Officer, would change to permanent positions.

Q3 2024 financial highlights:

  • Revenues decreased 15%, or $4.9 million, to $29.0 million compared to the same period in Fiscal 2023 (Q3 2023: $34.0 million). The decrease was mainly due to Italian Capital Sales projects being completed, some projects facing customer delays and delays in the timing of new project signings.
  • Net loss of $15.6 million was reduced by 49%, or $15.0 million, compared to the same period in Fiscal 2023 (Q3 2023: net loss of $30.6 million). The decrease is mainly due to reduced selling, general, and administrative expenses, and reduced impairments and other losses in Q3 2024 as compared to Q3 2023.
  • Adjusted EBITDA1 loss declined 42%, with an improvement of $4.7 million, to an Adjusted EBITDA loss of $6.4 million compared to the same period in Fiscal 2023 (Q3 2023: Adjusted EBITDA loss of $11.1 million). The decrease was driven by reduced selling, general, and administrative expenses.
  • Cash increased from $22.1 million, at December 31, 2023 to $40.2 million, at September 30, 2024. The significant increase of $18.1 million or 82% in the Company’s cash position reflects the above-mentioned Strategic Investment by Marny.

Three months ended:

30-Sep-24

30-Sep-23
(Restated)

% Change

(In millions of Canadian dollars)

 

Revenue

29.0

34.0

-15%

Gross profit

6.0

7.3

-18%

Gross profit %

20.7%

21.6%

Loss from operations

(10.9)

(13.3)

+18%

Net loss

(15.6)

(30.6)

+49%

Adjusted EBITDA1

(6.4)

(11.1)

+42%

Nine months ended:

30-Sep-24

30-Sep-23
Restated

% Change

(In millions of Canadian dollars)

 

Revenue

77.6

113.8

-32%

Gross profit

16.6

16.2

+2%

Gross profit %

21.4%

14.2%

Loss from operations

(32.8)

(49.9)

+34%

Net loss

(40.4)

(158.0)

+74%

Adjusted EBITDA1

(20.6)

(27.2)

+24%

Statement of

Financial Position

30-Sep-24

31-Dec-23

(In millions of Canadian dollars)

 

Total Assets

240.3

278.7

Total Liabilities

172.5

205.1

Equity

67.8

73.6

For a more detailed discussion of Anaergia’s results for Q3 2024, please see the Company’s financial statements for Q3 2024 and related MD&A, which are available at and on the Company’s SEDAR+ page at www.sedarplus.ca.

Other Change in Senior Leadership

The Company also formally announced today the hire of Scott Hodgdon as General Counsel. Mr. Hodgdon brings to the role over 20 years of extensive legal experience with securities, governance and transactions. Having served on the staff of the U.S. Securities and Exchange Commission and having worked at prominent international law firms before assignments with several publicly traded companies, Mr. Hodgdon has a strong record of executing complex transactions and providing strategic guidance. He holds a Bachelor of Arts degree from the College of William and Mary, a Master of Arts degree from Johns Hopkins University, a Master of Business Administration degree from Babson College and Juris Doctor degree from the University of Virginia School of Law.

The hiring of a new General Counsel followed a professional search process within a transition plan agreed upon by the Company with the previous General Counsel, Thor Erickson, who continues to provide support on an interim basis as Senior Counsel to ensure a smooth handover.

Thor assembled a robust legal team with his skilled leadership, which will maintain momentum with Scott now at the helm. With Scott on board, Anaergia will remain well positioned to capitalize on our opportunities,” said Assaf Onn, Chief Executive Officer of Anaergia. “I am grateful to Thor for his assistance with this transition, and on behalf of the Anaergia community I want to thank him for his significant contributions and for helping the company prepare for future growth,” added Mr. Onn.

Non-IFRS Measures

This press release makes reference to certain non-International Financial Reporting Standards (“IFRS”) measures. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. We use non-IFRS measures to provide investors with supplemental measures. Management also uses non-IFRS measures internally in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our future debt service, capital expenditure and working capital requirements. Management believes these non-IFRS measures and industry metrics are important supplemental measures of operating performance because they eliminate items that have less bearing on operating performance and highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management believes such measures allow for assessment of our operating performance and financial condition on a basis that is more consistent and comparable between reporting periods. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of public companies.

Definitions of non-IFRS measures and industry metrics used in this press release are provided below. A reconciliation of the non-IFRS measures used in this press release to the most comparable IFRS measure can be found below under “Reconciliation of Non-IFRS Measures”.

Adjusted EBITDA” is defined as net earnings before finance costs, taxes and depreciation and amortization adjusted for our normalized proportionate interest in our Build-Own-Operate assets and one-time or non-recurring items, stock-based compensation expense, asset impairment charges and write downs, gains and losses for equity-accounted investees, significant one-time provisions, foreign exchange gains or losses, restructuring costs, Enterprise Resource Planning (“ERP”) customization and configuration costs, litigation and other claims settlements, gains and losses resulting from changes in certain balance sheet valuations (such as derivatives and warrants) and acquisition costs.

EBITDA” is defined as net income before finance costs, taxes and depreciation and amortization.

See “Reconciliation of Non-IFRS Measures” below for a reconciliation of the foregoing non-IFRS measures to their most directly comparable measures calculated in accordance with IFRS.

Conference Call and Webcast Details

A conference call to review the Company’s financial results will take place at 10:00 a.m. (ET) on Thursday, November 14, 2024. It will be hosted by management of Anaergia. An accompanying slide presentation will be posted to the Investor Relations section of the Company’s website shortly before the call.

To participate in the call, please sign up using the following pre-registration link to receive details on how to access the conference call:

The webcast will be archived and available in the Investor Relations section of our website following the call.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (“RNG”), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

For further information please see: www.anaergia.com

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may relate to future plans, expectations and intentions, results, levels of activity, performance, goals or achievements, other future events or developments and may include, without limitation, information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, plans and objectives. Particularly, information regarding our future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “estimate”, “believes”, “likely”, “potential”, “continue”, or “future” or the negative or other variations of these words or other comparable words or phrases. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that we considered appropriate and reasonable as of the date such statements were made. It is also subject to known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in the Company’s annual information form and management’s discussion and analysis for the three and nine months ended September 30, 2023 and 2024.

The purpose of the forward-looking statements in this press release is to provide the reader with a description of management’s current expectations regarding the Company’s financial performance and may not be appropriate for other purposes. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only to opinions, estimates and assumptions as of the date made. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of this press release, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Reconciliation of Non-IFRS Financial Measures

Three months ended:

30-Sep-24

30-Sep-23

(In thousands of Canadian dollars)

Net income (loss)

(15,611)

(30,568)

Finance costs, net

875

3,736

Depreciation and amortization

1,369

1,427

Income tax (expense) recovery

45

(1,898)

EBITDA

(13,322)

(27,303)

 

Rialto Bioenergy Facility, LLC – Non controlling interest -EBITDA

Share-based compensation expense

2,625

595

Loss on Rialto Bioenergy Facility, LLC embedded derivative

(Gain) on disposal of ITA

(665)

Fibracast Ltd. impairment

4,397

6,648

Asset impairment loss

504

Loss related to equity-accounted investees

4,237

Loss on control of Rialto Bioenergy Facility, LLC

(1,502)

Expected credit loss on loans receivable from related parties

863

Provision for customer claim

Other (gains) losses

(837)

5,139

ERP customization and configuration costs

165

Rhode Island Bioenergy Facility LLC income tax credit transaction cost

Foreign exchange (gain) loss

204

683

Severance cost

Adjusted EBITDA

(6,429)

(11,140)

 

 

 

 

 

Nine months ended:

30-Sep-24

30-Sep-23

(Restated)

(In thousands of Canadian dollars)

Net income (loss)

(40,448)

(157,993)

Finance costs, net

3,524

2,507

Depreciation and amortization

4,034

4,782

Income tax (expense) recovery

(458)

(6,480)

EBITDA

(33,348)

(157,184)

 

Rialto Bioenergy Facility, LLC – Non controlling interest -EBITDA

1,544

Share-based compensation expense

3,808

1,346

Loss on Rialto Bioenergy Facility, LLC embedded derivative

7,953

(Gain) loss on disposal of ITA

54,444

Fibracast Ltd. impairment

6,244

6,648

Asset impairment loss

1,587

3,391

Losses related to equity-accounted investees

1,062

5,961

Loss on control of Rialto Bioenergy Facility, LLC

35,663

Expected credit loss on loans receivable from related parties

5,127

Provision for customer claim

1,002

Other (gains) losses

(2,114)

6,836

ERP customization and configuration costs

542

Rhode Island Bioenergy Facility LLC income tax credit transaction cost

2,416

Foreign exchange (gain) loss

(612)

(474)

Severance costs

376

Adjusted EBITDA

(20,581)

(27,201)

______________________________

1

See “Non-IFRS Measures”.

 

Contacts

For media and/or investor relations: IR@Anaergia.com

Gilead Presents Full PURPOSE 2 Data Results for Twice-Yearly Lenacapavir for HIV Prevention at HIV Glasgow

Gilead Presents Full PURPOSE 2 Data Results for Twice-Yearly Lenacapavir for HIV Prevention at HIV Glasgow




Gilead Presents Full PURPOSE 2 Data Results for Twice-Yearly Lenacapavir for HIV Prevention at HIV Glasgow

– Newly Presented Results, to be Published in The New England Journal of Medicine, Include Adherence and Pharmacokinetics Data; Data Underscore High Efficacy and Safety Profile of Lenacapavir Among Broad and Geographically Diverse Range of Individuals –

– FDA Recently Granted Breakthrough Therapy Designation for Lenacapavir for PrEP; Gilead to Begin Regulatory Filings by End of 2024 –

– Gilead Spearheading Lenacapavir Access Strategies to Ensure Scientific Innovation Translates to Global Access and Real-World Impact –

FOSTER CITY, Calif.–(BUSINESS WIRE)–Gilead Sciences, Inc. (Nasdaq: GILD) today presented the first in-depth look at full results from its pivotal Phase 3 PURPOSE 2 trial (NCT04925752), which is studying twice-yearly lenacapavir, the company’s injectable HIV-1 capsid inhibitor, for the investigational use of HIV prevention among a broad and geographically diverse range of cisgender men and gender-diverse people. Newly presented results include data on adherence to and pharmacokinetics of lenacapavir among trial participants.


The data were presented during an oral abstract session at the International Congress on Drug Therapy in HIV Infection (HIV Glasgow) and will be published in The New England Journal of Medicine. The release of the full PURPOSE 2 data follows the unblinding of the trial at interim analysis in September and a presentation of additional efficacy and safety data last month at the HIV Research for Prevention Conference in Lima, Peru. Those previously reported data showed that lenacapavir reduced HIV infections by 96% compared to background HIV incidence (bHIV), with two incident cases among 2,179 participants, corresponding to 99.9% of participants not acquiring HIV infection in the lenacapavir group. Twice-yearly lenacapavir also demonstrated superiority to once-daily Truvada® (emtricitabine 200 mg and tenofovir disoproxil fumarate 300 mg; F/TDF) for pre-exposure prophylaxis (PrEP) and was generally well-tolerated, with no significant or new safety concerns identified.

We’re at a crossroads in the HIV epidemic, and a twice-yearly choice for HIV prevention, if approved, could be transformative as we work toward achieving the UNAIDS 2030 targets around the world,” said PURPOSE 2 Principal Investigator Onyema Ogbuagu, MBBCh, FACP, FIDSA, Associate Professor of Medicine and Pharmacology at Yale School of Medicine and Director of the Yale Antivirals and Vaccines Research Program. “Lenacapavir for PrEP could provide an important alternative to existing preventative medications that require more frequent dosing, and could help transform the HIV prevention landscape by addressing a range of unmet needs for individuals who need or want PrEP globally.”

Participants demonstrated high adherence to lenacapavir and injections

Adherence to lenacapavir and to the placebo injections that were part of the oral PrEP study group was high: 91.0% of all trial participants received on-time injections at week 26, and 92.8% of participants received on-time injections at one year. On-time injection rates (within 28 weeks of prior injection) were similar across both study groups, whether receiving lenacapavir or placebo injections.

Lenacapavir reduced HIV infections by 96% compared to background HIV incidence (bHIV)

Lenacapavir was highly effective at reducing HIV infections among trial participants: 99.9% of participants did not acquire HIV in the lenacapavir group, with two incident cases among 2,179 participants (0.10/100 person-years, 95% CI, 0.01 to 0.37), despite reported high levels of sexual behavior, chemsex and sexually transmitted infections observed among PURPOSE 2 participants. The results demonstrated superiority of twice-yearly lenacapavir over bHIV (2.37/100 person-years, 95% CI, 1.65 to 3.42; primary endpoint), with 96% relative risk reduction (IRR 0.04; 95% CI, 0.01 to 0.18; p<0.0001). Additionally, twice-yearly lenacapavir was 89% more effective at reducing HIV infections than once-daily Truvada (IRR 0.11; 95% CI, 0.02 to 0.51; p=0.00245).

Lenacapavir plasma concentrations for the two participants who acquired HIV in this group were within the range of the overall lenacapavir concentrations in the pre-selected, representative subset of participants whose blood plasma levels were tested. Lenacapavir plasma concentrations were also similar to those in prior studies that included lenacapavir. Trial data confirm that both participants acquired HIV after receiving their first injections of lenacapavir but prior to their second injections, and both participants were diagnosed using standard HIV tests. Importantly, based on retrospective standard HIV-1 RNA viral load testing of prior visit samples, there was no delayed HIV diagnosis for either person. The HIV PrEP field has paid particular attention to the potential for delayed diagnosis for individuals who acquire HIV when using long-acting PrEP.

Cases of HIV infection despite high adherence to other forms of PrEP, including Truvada, have been reported, often in the context of high exposures to HIV and repeated mucosal injury. Gilead has offered open-label lenacapavir to all trial participants in PURPOSE 1 (evaluating lenacapavir for PrEP among cisgender women) and is offering open-label lenacapavir to all participants in PURPOSE 2, and will continue to follow participants and test for incident HIV infection.

Truvada adherence was initially high but declined over time

Adherence to Truvada, measured through detection of tenofovir diphosphate in blood samples from a subset of random participants, was initially high but declined over time: tenofovir diphosphate levels consistent with high adherence (four or more tablets per week) were seen in 82% of participants at week 8, 67% at week 26 and 62% at one year.

In the Truvada group, nine incident HIV infections occurred, all in participants with low or no adherence

There were nine incident cases among 1,086 individuals in the Truvada group (0.93/100 person-years; 95% CI, 0.43 to 1.77; secondary endpoint). These nine participants had evidence of low or no adherence to Truvada, or had discontinued taking it more than 10 days prior to diagnosis. Among the nine participants, two had low levels of tenofovir diphosphate, six had levels below the quantification limit, and one person who was missing a dried blood spot sample had discontinued Truvada.

PURPOSE 2 trial background

PURPOSE 2 is a Phase 3, double-blind, multicenter, randomized study evaluating the safety and efficacy of twice-yearly subcutaneous lenacapavir for PrEP versus bHIV and once-daily oral Truvada in 3,271 cisgender gay, bisexual, and other men, transgender women, transgender men, and gender non-binary individuals aged 16 years or older who have sex with partners assigned male at birth. The trial spanned 88 sites in Argentina, Brazil, Mexico, Peru, South Africa, Thailand and the United States, and participants were randomized in a 2:1 ratio to lenacapavir and Truvada, respectively. Because effective PrEP options already exist, there is broad consensus in the PrEP field that a placebo group would be unethical; thus, the trial used bHIV as the primary comparator and Truvada as a secondary comparator.

PURPOSE 2 is the second pivotal Phase 3 trial to demonstrate superior efficacy for twice-yearly lenacapavir for the investigational use of HIV prevention as PrEP, and to be unblinded early because it met its key efficacy endpoints. In June 2024, the PURPOSE 1 trial (NCT04994509), studying lenacapavir for PrEP among cisgender women in sub-Saharan Africa, was also unblinded early because it met its key efficacy endpoints.

Gilead continues to focus on global access strategies, including for low-, middle- and high-income countries

Data from both PURPOSE 1 and PURPOSE 2 will support a series of global regulatory filings for lenacapavir for PrEP that will begin by the end of 2024. Last month, the FDA granted lenacapavir for PrEP Breakthrough Therapy Designation, which is intended to expedite the development and review of new drugs that may demonstrate substantial improvement over available therapy. Also last month, the FDA granted a rolling review for lenacapavir for PrEP, a process that allows the FDA to expedite the review of a drug application by allowing a company to submit sections of the application for review as they are completed.

Gilead is executing an access strategy, informed by more than 100 global health advocates and organizations, that prioritizes speed and enables the most efficient paths for the regulatory review and approval of lenacapavir for PrEP in regions around the world. Last month, Gilead announced that it had signed non-exclusive, royalty-free voluntary licensing agreements with six pharmaceutical companies to manufacture and supply high-quality, low-cost versions of lenacapavir for 120 high-incidence, resource-limited countries, which are primarily low- and lower-middle income countries.

Additionally, Gilead is actively working on additional ways to support access in upper-middle and high-income countries to establish fast, efficient pathways to help reach people who need or want PrEP, including expediting regulatory filings, engagement with partners and governments, and manufacturing infrastructure planning. Additionally, in countries with PURPOSE 2 trial sites, including Argentina, Brazil, Mexico, Peru and the United States, trial participants are being offered and will be able to stay on open-label lenacapavir until it is available in their country.

Gilead recognizes the importance of prevention in ending the HIV epidemic and is deeply committed to ensuring broad, sustainable global access to lenacapavir for PrEP, if approved,” said Jared Baeten, MD, PhD, Senior Vice President, Clinical Development and Virology Therapeutic Area Head, Gilead Sciences.

Updates on regulatory filings for lenacapavir for PrEP will be shared as discussions with regulatory bodies progress.

The use of lenacapavir for the prevention of HIV is investigational and has not been determined to be safe or efficacious and is not approved anywhere globally.

There is currently no cure for HIV or AIDS.

About the PURPOSE Program

Gilead’s landmark PURPOSE program is the most comprehensive and diverse HIV prevention trial program ever conducted. The program comprises five HIV prevention trials around the world that are focused on innovation in science, trial design, community engagement and health equity.

The PURPOSE trials are evaluating the safety and efficacy of an investigational, twice-yearly injectable medicine, lenacapavir, to reduce the chance of getting HIV. The Phase 2 and 3 program, consisting of PURPOSE 1-5, is assessing the potential of lenacapavir to help a diverse range of people around the world who could benefit from PrEP.

More information about the PURPOSE program, including individual trial descriptions, populations and locations, can be found at www.purposestudies.com.

About Lenacapavir

Lenacapavir is approved in multiple countries for the treatment of adults with multi-drug resistant HIV in combination with other antiretrovirals. The use of lenacapavir for HIV prevention is investigational and the safety and efficacy of lenacapavir for this use have not been established.

The multi-stage mechanism of action of lenacapavir is distinguishable from other currently approved classes of antiviral agents. While most antivirals act on just one stage of viral replication, lenacapavir is designed to inhibit HIV at multiple stages of its lifecycle and has no known cross resistance exhibited in vitro to other existing drug classes.

Lenacapavir is being evaluated as a long-acting option in multiple ongoing and planned early and late-stage clinical studies in Gilead’s HIV prevention and treatment research program. Lenacapavir is being developed as a foundation for potential future HIV therapies with the goal of offering both long-acting oral and injectable options with several dosing frequencies, in combination or as a mono agent, that help address individual needs and preferences of people and communities affected by HIV.

About Gilead HIV

For more than 35 years, Gilead has been a leading innovator in the field of HIV, driving advances in treatment, prevention and cure research. Gilead researchers have developed 12 HIV medications, including the first single-tablet regimen to treat HIV, the first antiretroviral for pre-exposure prophylaxis (PrEP) to help reduce new HIV infections, and the first long-acting injectable HIV treatment medication administered twice-yearly. Our advances in medical research have helped to transform HIV into a treatable, preventable, chronic condition for millions of people.

Gilead is committed to continued scientific innovation to provide solutions for the evolving needs of people affected by HIV around the world. Through partnerships, collaborations and charitable giving, the company also aims to improve education, expand access and address barriers to care, with the goal of ending the HIV epidemic for everyone, everywhere. Gilead was recognized as one of the leading philanthropic funders of HIV-related programs in a report released by Funders Concerned About AIDS.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including Gilead’s ability to initiate, progress and complete clinical trials in the anticipated timelines or at all, and the possibility of unfavorable results from ongoing and additional clinical trials, including those involving lenacapavir (such as PURPOSE 1 and PURPOSE 2); uncertainties relating to regulatory applications and related filing and approval timelines, including regulatory applications for lenacapavir for PrEP, and the risk that any regulatory approvals, if granted, may be subject to significant limitations on use or subject to withdrawal or other adverse actions by the applicable regulatory authority; the possibility that Gilead may make a strategic decision to discontinue development of lenacapavir for indications currently under evaluation and, as a result, lenacapavir may never be successfully commercialized for such indications; Gilead’s ability to effectively manage the supply and distribution of lenacapavir, including through direct supply as well as indirect supply through the voluntary licensing agreements, and the ability of the parties to meet potential demand for lenacapavir, in each case, subject to necessary regulatory approvals; and any assumptions underlying any of the foregoing. These and other risks, uncertainties and factors are described in detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as filed with the U.S. Securities and Exchange Commission. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The reader is cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and is cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation and disclaims any intent to update any such forward-looking statements.

U.S. full Prescribing Information for Truvada, including Boxed Warning, and lenacapavir are available at www.gilead.com.

Gilead and the Gilead logo, Truvada, and Truvada for PrEP are registered trademarks of Gilead Sciences, Inc., or its related companies.

For more information about Gilead, please visit the company’s website at www.gilead.com, follow Gilead on X/Twitter (@Gilead Sciences) and LinkedIn (@Gilead-Sciences).

Contacts

Ashleigh Koss, Media

public_affairs@gilead.com

Jacquie Ross, Investors

investor_relations@gilead.com

Quantum-Si Honored with Frost & Sullivan’s 2024 Technology Innovation Leadership Award for Next-Generation Protein Sequencing™

Quantum-Si Honored with Frost & Sullivan’s 2024 Technology Innovation Leadership Award for Next-Generation Protein Sequencing™




Quantum-Si Honored with Frost & Sullivan’s 2024 Technology Innovation Leadership Award for Next-Generation Protein Sequencing™

BRANFORD, Conn.–(BUSINESS WIRE)–Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™, today announced that it has been awarded Frost & Sullivan’s prestigious 2024 Technology Innovation Leadership Award in North America. This award recognizes QSI’s groundbreaking work in developing the Platinum® instrument, the first benchtop sequencer capable of providing single-molecule resolution at the amino acid level, opening new frontiers for proteomic research.


Frost & Sullivan’s independent team of experts selected QSI for this honor based on the company’s pioneering technology and commitment to advancing proteomics. The Platinum instrument addresses a crucial need for high-resolution protein sequencing by enabling deep insights into protein structure and function within a compact, accessible, and cost-effective instrument. This technology brings single-molecule protein sequencing into labs of all sizes, transforming the way researchers can explore protein variants, modifications, and interactions without the complex workflows and high costs traditionally associated with protein analysis.

“Receiving Frost & Sullivan’s 2024 Technology Innovation Leadership Award is a testament to our team’s dedication to advancing the proteomics field,” said Jeff Hawkins, CEO of Quantum-Si. “The Platinum instrument enables researchers to achieve unprecedented insights at the amino acid level, empowering both core and non-core labs to drive scientific discovery faster and more efficiently.”

Quantum-Si’s Platinum instrument integrates unique engineering solutions, including proprietary image sensors that enable single-molecule detection and precision sequencing. It captures fluorescence signals from each amino acid binding event, providing an end-to-end solution for direct protein sequencing with high accuracy. The device’s affordability and compact design allow more labs to bring proteomic research in-house, reducing dependence on costly external resources and enhancing productivity.

Frost & Sullivan’s analysis highlights Quantum-Si’s strong commitment to innovation and operational excellence, recognizing its extensive intellectual property portfolio with over 1,000 issued and pending patents. The award highlights QSI’s strategic approach to advancing technology that addresses the evolving needs of the proteomics field.

For more information on Quantum-Si’s technology and research applications, please visit The Protein Sequencing Company™ | Quantum-Si

About Quantum-Si Incorporated

Quantum-Si, The Protein Sequencing Company™, is focused on revolutionizing the growing field of proteomics. The Company’s Platinum® instrument enables Next-Generation Protein Sequencing™ that advances proteomic research, drug discovery, and diagnostics beyond what has been possible with existing proteomic tools. Learn more at quantum-si.com or follow us on LinkedIn or X.

Contacts

Investor Contact
Doug Farrell, VP, Investor Relations

ir@quantum-si.com

Media Contact
Katherine Atkinson, SVP, Commercial Marketing

media@quantum-si.com