Fujirebio and Sysmex Begin Sales Collaboration for Dementia Testing

Fujirebio and Sysmex Begin Sales Collaboration for Dementia Testing




Fujirebio and Sysmex Begin Sales Collaboration for Dementia Testing

MINATO-KU, TOKYO, Japan & KOBE, Japan–(BUSINESS WIRE)–#IVD–Fujirebio Holdings, Inc. (HQ: Minato-ku, Tokyo; President & CEO: Goki Ishikawa; “Fujirebio”), a consolidated subsidiary of H.U. Group Holdings, Inc. (HQ: Minato-ku, Tokyo; Chairman, President and Group CEO: Shigekazu Takeuchi) and Sysmex Corporation (HQ: Kobe, Japan; President: Kaoru Asano, “Sysmex”) have agreed on a sales collaboration for dementia testing. This agreement follows continued discussions based on the Basic Agreement on Business Collaboration in the Field of Immunoassay concluded in October 2023.1 Sysmex will exclusively sell Fujirebio’s fully automated Lumipulse® immunoassay systems and dementia-related reagents (“the Products”) in regions and countries mutually agreed upon by both companies. Going forward, Fujirebio and Sysmex will collaborate to meet the growing testing needs accompanying the wider adoption of therapeutic drugs and will gradually expand the countries where the Products are sold.


Since entering into the Basic Agreement on Business Collaboration in October 2023, the two companies have engaged in ongoing discussions aimed at accelerating the development of immunoassays and their global expansion. In November 2023, they concluded a Contract Development and Manufacturing Organization (CDMO) agreement2 for reagents in the field of neurodegenerative diseases, including Alzheimer’s disease. Furthermore, in December 2023, they signed a basic agreement for the supply of reagent raw materials owned by each company,3 and have promoted specific initiatives to accelerate the mutual development of new reagents.

With the aging of the global population, the number of patients with neurodegenerative diseases is rapidly increasing. In particular, Alzheimer’s disease4 is a serious medical and social issue. In recent years, new therapeutic drugs to slow the progression of Alzheimer’s disease have emerged, leading to a growing demand for wider access to the testing necessary for their effective use.

Fujirebio has strong reagent development and manufacturing capabilities, while Sysmex has a global sales and service network as well as extensive experience in regulatory applications. By combining these respective strengths, Fujirebio and Sysmex will commence sales of the Products in Brazil, and plan to progressively expand into Central and South America, the Middle East, Asia, and other regions. By leveraging the strengths of Fujirebio’s Products together with Sysmex’s fully automated immunoassay systems, the HISCL™ Series, the two companies will contribute to the early adoption of testing in the field of dementia.

* Lumipulse® is a registered trademark of Fujirebio Inc. All rights reserved.

* HISCL™ is a trademark of Sysmex Corporation.

References

1

October 10, 2023 news release: “Fujirebio and Sysmex Enter into Basic Agreement on Business Collaboration in the Field of Immunoassay”

https://www.fujirebio.com/en/news-events/fujirebio-and-sysmex-enter-into-basic-agreement-on-business-collaboration-in-the-field

 

2

November 30, 2023 news release: “Fujirebio and Sysmex Expand CDMO Partnership into the Field of Neurodegenerative Diseases under Their Immunoassay Collaboration”

https://www.fujirebio.com/en/news-events/fujirebio-and-sysmex-expand-cdmo-partnership-into-the-field-of-neurodegenerative

 

3

December 14, 2023 news release: “Fujirebio and Sysmex Sign Agreement for the Supply of Reagent Raw Materials in the Field of Immunoassay”

https://www.fujirebio.com/en/news-events/fujirebio-and-sysmex-sign-agreement-for-the-supply-of-reagent-raw-materials-in-the

 

4

According to the World Health Organization (WHO), it is estimated that more than 55 million people worldwide are currently living with dementia, and the number is expected to reach 130 million in 2050. Alzheimer’s disease may contribute to 60–70%.

Source: Global status report on the public health response to dementia executive summary (Sep. 2, 2021, World Health Organization)

https://apps.who.int/iris/bitstream/handle/10665/344707/9789240034624-eng.pdf

About Fujirebio

Fujirebio is a diagnostics company with over 75 years of experience delivering innovative solutions to healthcare providers, pharmaceutical companies, and IVD partners worldwide. Leveraging world-class expertise in neurology, oncology, infectious diseases, and beyond, and assays available on the robust Lumipulse® platform, Fujirebio’s open business model accelerates access to breakthrough diagnostics through strategic partnerships across the life science industry. Part of H.U. Group, Fujirebio combines strong R&D capabilities, regulatory expertise, and scalable manufacturing to deliver high-impact diagnostic solutions. Fujirebio’s flexible CDMO model helps its diagnostic partners bring validated solutions to the market faster— driving better decisions, treatments, and patient outcomes.

For more information about Fujirebio, please visit www.fujirebio.com.

About Sysmex Corporation

Sysmex Corporation, headquartered in Kobe, Japan, is a global leader in in vitro diagnostics. Since its foundation in 1968, Sysmex has focused on diagnostics as the core of its business, and today, it supports the health of people in over 190 countries and regions worldwide. Sysmex continues to innovate in diagnostics, and to collaboratively create unique values in the areas of personalized medicine and novel treatments, under its long-term vision of “Together for a better healthcare journey.” Through its unique technology, solutions, and co-creation with various partners, Sysmex delivers new value and addresses the universal desire of people to live longer and healthier lives.

*”Healthcare journey” is a trademark of Sysmex Corporation, registered in Japan.

For more information about Sysmex, please visit www.sysmex.co.jp/en/.

The purpose of this news release is to communicate our business activities to our stakeholders. It may or may not include information about Sysmex’s products or their research and development, but this is not intended for promotion, advertising, or medical advice. The information contained in this press release is current as of the date of the announcement but may be subject to change without prior notice.

 

Contacts

For media:

Public Relations Section, Public Relations/Sustainability Department,

H.U. Group Holdings, Inc.

Phone: +81-3-6279-0884

E-mail: pr@hugp.com

For investors and analysts:

IR/SR Dept.

Phone: +81-3-5909-3337

E-mail: ir@hugp.com

Invivoscribe® Launches LeukoStrat® KMT2A + MRD Assay to Advance High-Sensitivity Leukemia Testing in Clinical Trials and Patient Management Worldwide

Invivoscribe® Launches LeukoStrat® KMT2A + MRD Assay to Advance High-Sensitivity Leukemia Testing in Clinical Trials and Patient Management Worldwide




Invivoscribe® Launches LeukoStrat® KMT2A + MRD Assay to Advance High-Sensitivity Leukemia Testing in Clinical Trials and Patient Management Worldwide

SAN DIEGO–(BUSINESS WIRE)–Invivoscribe, a leader in precision medicine and measurable residual disease (MRD) testing, today announced the addition of the LeukoStrat® KMT2A + MRD Assay and Software to its industry-leading oncology portfolio. The assay leverages digital PCR (dPCR) to support both screening and precise longitudinal MRD monitoring for KMT2A rearrangements in acute myeloid leukemia (AML) subjects. This quantitative test is currently available for research use in clinical trials and as a stand-alone kit for purchase by our global customers, and will soon be available as a service in our regional LabPMM® laboratories worldwide.


The assay is available to detect key AML-associated KMT2A rearrangements, which account for the vast majority of KMT2A fusion partners in AML1 and those most commonly targeted in menin-inhibitor clinical development programs. Later this year, the assay will be enhanced with four additional KMT2A rearrangements which are frequently found in acute lymphocytic leukemia (ALL), expanding its utility across leukemias.

The LeukoStrat KMT2A + MRD Assay accurately identifies and quantifies common KMT2A rearrangements that drive KMT2A-translocated acute leukemias, offering translational researchers and biopharmaceutical partners a critical tool to assess MRD and to evaluate therapeutic response. With unprecedented sensitivity down to 0.005% (5×10-5) and precise quantitation through normalization against a control gene, the assay enables far more rapid turnaround time and more sensitive detection of low-level KMT2A rearrangements that traditional cytogenetics and FISH methods miss. The LeukoStrat® KMT2A + MRD Assay and Software streamline both initial screening and longitudinal MRD monitoring from a single workflow, facilitating efficient implementation both in research laboratories and as a service supporting clinical research.

Invivoscribe is setting a new standard for how researchers and biopharmaceutical partners can identify, monitor and understand disease response,” said Jeff Miller, CEO and CSO at Invivoscribe. “Our LeukoStrat KMT2A + MRD Assay provides partners with a powerful tool for exploratory and pivotal analyses in menin-inhibitor trials, offering precise insights into subject response throughout treatment. This assay builds on our international reputation as the ideal partner for pharmaceuticals looking to accelerate KMT2A trials using MRD as a surrogate endpoint and for companion diagnostic development as these therapies advance toward approval.”

The assay integrates with LeukoStrat® KMT2A + MRD Software for rapid, objective analysis, enabling labs and biopharmaceutical partners to unlock complex molecular insights. When paired with Invivoscribe’s globally standardized LabPMM® network and regulatory expertise, it supports the full development pathway from early-phase trials through CDx validation and commercialization.

For a comprehensive approach to therapy development, biopharmaceutical partners can combine the LeukoStrat KMT2A + MRD Assay for treatment monitoring with Invivoscribe’s established myeloid portfolio of IVDR and research use only LeukoStrat CDx and MRD assays, including prognostic biomarkers such as FLT3 and NPM1.2,3,4,5 Invivoscribe’s proven track record in companion diagnostics (CDx) development and successful global regulatory submissions positions the company as a trusted strategic partner for menin-inhibitor programs progressing toward approval.

About Invivoscribe

Invivoscribe® is a global, vertically integrated biotechnology company dedicated to Improving Lives with Precision Diagnostics®. For over thirty years, Invivoscribe has improved the quality of healthcare worldwide by providing high quality standardized reagents, tests, and bioinformatics tools to advance the field of precision medicine. Invivoscribe has a successful track record of partnerships with pharmaceutical companies interested in clinical trial testing via our global lab network located in the U.S., Germany, Japan and China, and in developing and commercializing companion diagnostics, with our rigorous expertise in both regulatory and laboratory services. Providing distributable kits, as well as clinical trial services through its globally located clinical lab subsidiaries (LabPMM®), Invivoscribe is an ideal partner from diagnostic development, through clinical trials, regulatory submissions, and commercialization. For more information, please visit www.invivoscribe.com, contact inquiry@invivoscribe.com, or follow Invivoscribe on LinkedIn.

References

  1. Meyer, C., et al. Leukemia 2023; 37, 988–1005. DOI: 10.1038/s41375-023-01877-1
  2. Dillon, L. et al. JAMA. 2023; 329(9):745-755. DOI: 10.1001/jama.2023.1363
  3. Dillon, L. et al. JAMA Oncology. 2024; 10(8)1104-1110. DOI: 10.1001/jamaoncol.2024.0985
  4. Levis, M. et al. Blood. 2025; 145(19):2138-2148. DOI: 10.1182/blood.2024025154
  5. Al-Ali, R. et al. Bone Marrow Transplantation. 2025; DOI: 10.1038/s41409-025-02757-1

 

Contacts

inquiry@invivoscribe.com

JCR Pharmaceuticals’ Research Presentations at WORLDSymposium™ 2026 Showcase Data from Its Investigational Treatments for Lysosomal Storage Disorders

JCR Pharmaceuticals’ Research Presentations at WORLDSymposium™ 2026 Showcase Data from Its Investigational Treatments for Lysosomal Storage Disorders




JCR Pharmaceuticals’ Research Presentations at WORLDSymposium™ 2026 Showcase Data from Its Investigational Treatments for Lysosomal Storage Disorders

– Presentations Highlight Potential Benefits of Therapies Incorporating J-Brain Cargo®, JCR’s Proprietary, Blood-Brain Barrier-Penetrating Technology –

HYOGO, Japan–(BUSINESS WIRE)–JCR Pharmaceuticals Co., Ltd. (TSE 4552; “JCR”), a global specialty biopharmaceutical company dedicated to developing therapies for rare and genetic diseases, today announced the presentation of four datasets demonstrating the potential benefits of its investigational therapies for lysosomal storage disorders (LSDs) at the 22nd Annual WORLDSymposiumTM 2026. Researchers are presenting new data from two of its programs that apply the J-Brain Cargo® platform, a proprietary technology developed by JCR to deliver medicines across the blood-brain barrier (BBB), through four poster presentations this week.


“Lysosomal storage disorders are a group of rare diseases that have been notoriously difficult to treat due to the inability to deliver a therapy across the blood-brain barrier into the central nervous system. With our J-Brain Cargo® platform technology, we have the potential to address the progressive neurological symptoms associated with these devastating and life-limiting diseases, many of which have inadequate treatment options or no approved therapies available,” said Shin Ashida, Chairman, President and CEO of JCR Pharmaceuticals. “The data presented at the WORLDSymposium™ demonstrate the growing body of safety and efficacy evidence of JR-141 in people with Hunter syndrome and highlight the potential of JR-471 for individuals affected by fucosidosis. We believe that our proprietary J-Brain Cargo® platform technology could be the foundation for therapies for lysosomal storage disorders. We wish to express our gratitude to the patients who have participated in our clinical programs, as well as their families, clinical investigators, and other collaborators who have supported us throughout the process.”

The first dataset highlights pre-clinical data from the JR-471 clinical development program. JR-471 is an investigational BBB-penetrating α-L-fucosidase (rDNA origin) enzyme replacement therapy (ERT) that JCR is developing for the treatment of individuals affected by fucosidosis, in partnership with MEDIPAL HOLDINGS CORPORATION.

The other three datasets focus on the long-term efficacy and cognitive and adaptive behavioral effects of JR-141 (pabinafusp alfa) for mucopolysaccharidosis type II (MPS II, or Hunter syndrome). JR-141 is a recombinant iduronate-2-sulfatase (I2S) ERT that was approved in March 2021 by the Ministry of Health, Labour and Welfare (MHLW) in Japan, where it is marketed as IZCARGO™ for the treatment of people with MPS II.

JR-471 Dataset (Fucosidosis)

This poster presentation provides pre-clinical data from the JR-471 clinical development program investigating fucosidosis:

A transferrin receptor-targeted α-L-fucosidase, JR-471, reduced core-fucosylated glycoasparagine in the brain and preserved motor function in a murine model of Fucosidosis (Poster Number 246)

Presenter: Tomomi Masuda, Ph.D. (JCR Pharmaceuticals)

Researchers reported pre-clinical data on JR-471, a fusion protein of anti-human transferrin receptor 1 (TfR) antibody and human α-L-fucosidase (FUCA1) designed to cross the BBB by leveraging the mechanism of receptor-mediated transcytosis of transferrin. Researchers administered JR-471 intravenously once every week or once every other week for 26 weeks to human TfR knock-in and FUCA1 knockout (hTfR-KI/Fuca1-KO) mice, an animal model of fucosidosis. Researchers performed a rotarod test and an active avoidance test to evaluate the motor coordination and learning/memory function, respectively.

JR-471 treatment with either regimen reduced the Fuc-GlcNAc-Asn accumulated in central nervous system (CNS) tissues (e.g., the brain and cerebrospinal fluid), as well as in peripheral tissues by more than 95% at the maximum. Moreover, researchers found that there was a strong positive linear correlation between the Fuc-GlcNAc-Asn concentrations in the brain and cerebrospinal fluid (CSF). Concomitant with the effectiveness against substrate concentration in the brain, JR-471 treatment prevented a loss of Purkinje cells in the cerebellum. Researchers concluded that JR-471 may be a promising candidate for the treatment of fucosidosis due to its ability to cross the BBB, reduce accumulated substrate in central and peripheral organs, and limit the decline in motor coordination and learning/memory functions.

JR-141 Datasets (MPS II)

The following three poster presentations provide additional evidence and context for the use of JR-141 in the treatment of MPS II:

Sustained cognitive and adaptive behavior outcomes of long-term treatment with pabinafusp alfa in patients with severe or attenuated mucopolysaccharidosis type II (Poster Number 133)

Presenter: Roberto Giugliani, M.D., Ph.D. (Federal University of Rio Grande do Sul, Brazil)

In a longitudinal, pooled, post hoc analysis of patients with MPS II receiving pabinafusp alfa across five open-label trials, researchers reported on sustained cognitive and adaptive behavior outcomes of long-term treatment with pabinafusp alfa in patients with severe or attenuated MPS II. Sixty patients with MPS II were included (18 attenuated [mean age 20.8 years (range: 3–44); 15 received prior idursulfase ERT]; 42 severe [mean age 7.4 years (range: 0–23); 31 received prior idursulfase ERT]). Researchers determined neurocognition and adaptive behavior using the Bayley Scales of Infant and Toddler Development, third edition (BSID-III), the Kyoto Scale of Psychological Development (KSPD), and the Vineland Adaptive Behavior Scales, second edition (VABS-II).

Researchers observed cognitive improvement in patients with severe disease with baseline developmental quotient ≥55 (n=7) and patients with attenuated disease (BSID-III mean change from baseline to Week 260: +14.7 and +2.5, respectively). Adaptive behavior remained stable in severe patients; researchers observed improvements in patients with severe disease with baseline developmental quotient ≥55 and in patients with attenuated disease (VABS-II total raw mean change from baseline to Week 260: +152 and +33, respectively); they also noticed improvements across all VABS-II subdomains in these patients. Researchers concluded that long-term treatment with pabinafusp alfa was well tolerated and associated with stabilization or continued skill acquisition in many patients with severe or attenuated MPS II. These results suggest that, with timely initiation prior to the onset of irreversible neurodegeneration, treatment with pabinafusp alfa may provide a benefit to patients with MPS II.

Long-term somatic efficacy of pabinafusp alfa across a broad spectrum of age groups and phenotypes in patients with mucopolysaccharidosis type II (Poster Number 245)

Presenter: Ana Maria Martins, M.D., Ph.D. (Federal University of São Paulo)

In a longitudinal, pooled, post hoc analysis of patients with MPS II receiving pabinafusp alfa in open-label trials, researchers reported on the somatic effects of pabinafusp alfa in a heterogenous population of patients with MPS II who initiated treatment at different ages. Of 65 patients with MPS II, 42 had severe disease phenotype and 18 had attenuated disease phenotype.

In treatment-naïve patients (n=17), serum dermatan sulfate (DS) and serum heparan sulfate (HS) rapidly decreased following treatment with pabinafusp alfa (geometric mean change from baseline [gmCFB], Week 104: DS −65%; HS −77%), while levels were maintained in previously treated patients (n=47) through the end of follow-up. Researchers observed a similar pattern across patients treated at all ages and disease phenotype. In treatment-naïve patients, liver and spleen volumes (adjusted by body weight) decreased (gmCFB Week 104: −32% and −39%, respectively) and the left ventricular mass index (LVMI) stabilized by Week 52. In previously treated patients, there was a decreasing trend in liver and spleen volumes while LVMI remained stable (gmCFB, Week 104: −7%, −6%, and -3%, respectively). Researchers observed positive trends in somatic efficacy irrespective of prior ERT exposure and age at treatment initiation, with the greatest improvements observed in ERT treatment-naïve patients. They concluded that long-term treatment with pabinafusp alfa was well tolerated and provided positive somatic effects to a broad spectrum of patients with MPS II.

Infusion rate adjustment in enzyme replacement therapy with pabinafusp alfa for mucopolysaccharidosis II (Poster Number 310)

Presenter: Norio Sakai, M.D., Ph.D. (ISEIKAI International General Hospital, Osaka, Japan)

In this post hoc, retrospective pharmacodynamic analysis, researchers reviewed 260-week data from 27 Japanese patients with MPS II enrolled in a Phase II/III clinical trial and extension study of pabinafusp alfa to assess if a shorter infusion duration impacts the long-term efficacy and safety of ERT with pabinafusp alfa in patients with MPS II. Researchers evaluated pharmacodynamics using HS and DS levels in CSF, serum, and urine, along with neurocognitive development (KSPD), and liver and spleen volumes. Infusion duration was ≥3 hours (≤33mL/h) until Week 52; thereafter rates could be increased at physician discretion. Patients were retrospectively grouped by infusion speed as “fast” (n=18; ≥66% of pabinafusp alfa infusions during the extension period were administered at a rate of >33 mL/h (infusion duration predominantly <3 hours)) or “slow” (n=9; <66% of pabinafusp alfa infusions during the extension period were administered at a rate of >33 mL/h (infusion duration predominantly >3 hours)).

Shorter infusion times did not appear to correlate with increased infusion-associated reactions or other adverse events. Changes in HS and DS concentrations in CSF, serum and urine, as well as liver and spleen volumes, were similar regardless of infusion rate. These findings suggest that clinicians may safely consider shorter infusion durations when using pabinafusp alfa to treat MPS II to accommodate clinical circumstances or individual patient needs, potentially improving quality of life and treatment compliance in pediatric patients.

About the Annual WORLDSymposium

The WORLDSymposium™ is designed for basic, translational and clinical researchers, patient advocacy groups, clinicians, and all others who are interested in learning more about the latest discoveries related to lysosomal diseases and the clinical investigation of these advances. For additional information on the 22nd Annual WORLDSymposium™, please visit https://worldsymposia.org/.

About the J-Brain Cargo® Platform Technology

JCR Pharmaceuticals has developed a proprietary blood-brain barrier (BBB)-penetrating technology, J-Brain Cargo®, to bring biotherapeutics into the central nervous system (CNS). The first drug developed based on this technology is IZCARGO™ (INN: pabinafusp alfa), which is approved in Japan for the treatment of a lysosomal storage disorder (LSD). With J-Brain Cargo®, JCR seeks to address the unresolved clinical challenges of LSDs by delivering the enzyme to both the body and the brain.

About Pabinafusp Alfa

Pabinafusp alfa is a recombinant fusion protein of an antibody against the human transferrin receptor and iduronate-2-sulfatase, the enzyme that is missing or malfunctioning in subjects with Hunter syndrome. It incorporates J-Brain Cargo®, JCR’s proprietary blood-brain barrier (BBB)-penetrating technology, to cross the BBB through transferrin receptor-mediated transcytosis, and its uptake into cells is mediated through the mannose-6-phosphate receptor. This novel mechanism of action is expected to make IZCARGOTM effective against the central nervous system (CNS) symptoms of Hunter syndrome.

In pre-clinical trials, JCR has confirmed both high-affinity binding of pabinafusp alfa to transferrin receptors and passage across the BBB into neuronal cells. In addition, JCR has confirmed enzyme uptake in various brain tissues. The company has also confirmed a reduction of substrate accumulation in the CNS and peripheral organs in an animal model of Hunter syndrome.1,2

In several clinical trials of pabinafusp alfa, JCR obtained evidence of reducing heparan sulfate (HS) concentrations in the cerebrospinal fluid (CSF), a biomarker for assessing effectiveness against CNS symptoms; these results were consistent with those obtained in pre-clinical studies.3 Clinical studies have also demonstrated the positive effects of pabinafusp alfa on CNS symptoms.4,5,6

Pabinafusp alfa was approved in Japan by the Ministry of Health, Labour and Welfare and marketed since May 2021 under the brand name “IZCARGO™ I.V. Infusion 10mg.”

Important Safety Information

INDICATION:

IZCARGO™ is indicated for the treatment of mucopolysaccharidosis type II (MPS II), which is also known as Hunter syndrome. IZCARGO™ is approved in Japan only.

CONTRAINDICATION:

IZCARGO™ is contraindicated in patients with a history of anaphylactic shock to its components.

WARNINGS AND PRECAUTIONS:

Warnings

Since serious anaphylaxis and shock may occur with use of IZCARGO™, adequate emergency measures should be made ready for execution before initiation of administration, and the patient should be closely monitored during and after the administration. If a serious infusion associated reaction (IAR) occurs, administration of IZCARGO™ should be discontinued, and appropriate actions should be taken.

When IZCARGO™ is administered to patients with severe respiratory failure or acute respiratory disease, an IAR may lead to acute exacerbation of symptoms. A patient’s condition should be closely monitored, and appropriate actions should be taken as needed.

Precautions for Use

IZCARGO™ is a protein medicinal product and may cause anaphylactic shock, for which close monitoring is required. If any signs of anaphylaxis are noted, discontinue the infusion, and take appropriate actions. Considering the onset of such symptoms, emergency measures should be made ready for execution.

IZCARGO™ may cause IARs such as headache, chills, syncope, fatigue, dizziness, pyrexia, rash, erythema, urticaria, or other symptoms. If an IAR occurs, reduce the rate or temporarily discontinue the infusion, and initiate appropriate drug treatment (e.g., corticosteroids, antihistamines, antipyretic analgesics, anti-inflammatory drugs) or emergency procedures (e.g., oxygen administration, securing of airway, adrenaline administration). Premedication with antihistamines, corticosteroids, etc., should be considered for the subsequent infusion of IZCARGO™.

ADVERSE REACTIONS:

The most commonly reported adverse reactions were pyrexia and urticaria.

About Mucopolysaccharidosis Type II (Hunter Syndrome)

Mucopolysaccharidosis type II (MPS II, or Hunter syndrome) is an X-linked recessive lysosomal storage disorder caused by a deficiency of iduronate-2-sulfatase, an enzyme that breaks down complex carbohydrates called glycosaminoglycans (GAGs, also known as mucopolysaccharides) in the body. Hunter syndrome, which affects an estimated 2,000-3,000 individuals worldwide (according to JCR research), gives rise to a wide range of somatic and neurological symptoms. The current standard of care for Hunter syndrome is enzyme replacement therapy. Central nervous system symptoms related to MPS II have been unmet medical needs so far.

About JR-471

JR-471 is a recombinant fusion protein of α-L-fucosidase and J-Brain Cargo®, JCR’s proprietary blood-brain barrier (BBB)-penetrating technology. JCR and MEDIPAL HOLDINGS CORPORATION are developing JR-471 for the treatment of fucosidosis, which is currently in the pre-clinical stage.

About Fucosidosis

Fucosidosis is a lysosomal storage disorder that is inherited in an autosomal recessive manner. Mutations result in malfunction of a glycoprotein-metabolizing enzyme (α- L-fucosidase) which causes glycans and glycoproteins to accumulate throughout the body. Patients with fucosidosis display a variety of symptoms, including psychomotor symptoms, muscle hypotonia, visceromegaly, and skeletal abnormalities. Fucosidosis is classified into type I and type II according to the age of onset, and fewer than 120 cases have been reported worldwide, making it an ultra-rare disease. There is no approved therapy available for this disease.

About JCR Pharmaceuticals Co., Ltd.

JCR Pharmaceuticals Co., Ltd. (TSE 4552) is a global specialty pharmaceutical company that develops treatments that go beyond rare diseases to solve the world’s most complex healthcare challenges. We continue to build upon our 50-year legacy in Japan while expanding our global footprint into the U.S., Europe, and Latin America. We improve patients’ lives by applying our scientific expertise and unique technologies to research, develop, and deliver next-generation therapies. Our approved products in Japan include therapies for the treatment of growth disorder, MPS II (Hunter syndrome), Fabry disease, acute graft-versus host disease, and renal anemia. Our investigational products in development worldwide are aimed at treating rare diseases including MPS I (Hurler, Hurler-Scheie and Scheie syndrome), MPS II, MPS IIIA and B (Sanfilippo syndrome type A and B), and more. Our core values – Putting people first, Forging our own path, Always advancing, and Committed to excellence – mean that the work we do benefits all our stakeholders, including partners, patients and employees. We strive to expand the possibilities for patients while accelerating medical advancement at a global level. For more information, please visit JCR’s global website: https://jcrpharm.com/.

Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are outside our control. Forward-looking statements often contain words such as “believe,” “estimate,” “anticipate,” “intend,” “plan,” “will,” “would,” “target” and similar references to future periods. All forward-looking statements regarding our plans, outlook, strategy and future business, financial performance and financial condition are based on judgments derived from the information available to us at this time. Factors or events that could cause our actual results to be materially different from those expressed in our forward-looking statements include, but are not limited to, a deterioration of economic conditions, a change in the legal or governmental system, a delay in launching a new product, impact on competitors’ pricing and product strategies, a decline in marketing capabilities relating to our products, manufacturing difficulties or delays, an infringement of our intellectual property rights, an adverse court decision in a significant lawsuit and regulatory actions.

This document involves information on pharmaceutical products (including those under development). However, it is not intended for advertising or providing medical advice. Furthermore, it is intended to provide information on our company and businesses and not to solicit investment in securities we issue.

Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the factors that could cause actual results to differ materially, even if new information becomes available in the future.

References

1: Sonoda, et al. A blood-brain-barrier-penetrating anti-human transferrin receptor antibody fusion protein for neuronopathic mucopolysaccharidosis II. Mol. Ther. 2018; 26(5):1366-1374.

2: Morimoto, et al. Clearance of heparin sulfate in the brain prevents neurodegeneration and neurocognitive impairment in MPS II mice. Mol. Ther. 2021; 29(5): 1853-1861.

3: Okuyama, et al. Iduronate-2-sulfatase with Anti-human Transferrin Receptor Antibody for Neuropathic Mucopolysaccharidosis II: A Phase 1/2 Trial. Mol Ther. 2020; 27(2): 456-464.

4: Okuyama, et al. A Phase 2/3 Trial of Pabinafusp Alfa, IDS Fused with Anti-Human Transferrin Receptor Antibody, Targeting Neurodegeneration in MPS-II. Mol Ther. 2021; 29(2): 671-679.

5: Giugliani, et al. Iduronate-2-sulfatase fused with anti-human transferrin receptor antibody, pabinafusp alfa, for treatment of neuronopathic and non-neuronopathic mucopolysaccharidosis II: Report of a phase 2 trial in Brazil. Mol Ther. 2021; 29(7): 2378-2386.

6: Giugliani, et al. Enzyme Replacement Therapy with Pabinafusp Alfa for Neuronopathic Mucopolysaccharidosis II; an Integrated Analysis of Preclinical and Clinical Data. Int. J. Mol. Sci. 2021, Volume 22, Issue 20, 10938.

Contacts

Investors & Media:

JCR Pharmaceuticals Co., Ltd.

Corporate Communications

ir-info@jp.jcrpharm.com

Veracyte to Release Fourth Quarter and Full-Year 2025 Financial Results on February 25, 2026

Veracyte to Release Fourth Quarter and Full-Year 2025 Financial Results on February 25, 2026




Veracyte to Release Fourth Quarter and Full-Year 2025 Financial Results on February 25, 2026

SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Veracyte, Inc. (Nasdaq: VCYT), a leading cancer diagnostics company, announced today that it will release financial results for the fourth quarter and full-year 2025 after the close of market on Wednesday, February 25, 2026. Company management will host a conference call and webcast to discuss financial results and provide a general business update at 4:30 p.m. Eastern Time on the same day.


The conference call will be webcast live from the company’s website and will be available via the following link: https://edge.media-server.com/mmc/p/motsphxv. A webcast replay will be available following the conclusion of the live broadcast and will be accessible on the company’s website at https://investor.veracyte.com/events-presentations.

The conference call dial-ins can be accessed by registering via this link.

About Veracyte

Veracyte (Nasdaq: VCYT) is a global diagnostics company whose vision is to transform cancer care for patients all over the world. We empower clinicians with the high-value insights they need to guide and assure patients at pivotal moments in the race to diagnose and treat cancer. Our Veracyte Diagnostics Platform delivers high-performing cancer tests that are fueled by broad genomic and clinical data, deep bioinformatic and AI capabilities, and a powerful evidence-generation engine, which ultimately drives durable reimbursement and guideline inclusion for our tests, along with new insights to support continued innovation and pipeline development. For more information, please visit www.veracyte.com or follow us on LinkedIn or X (Twitter).

Contacts

Investors
Shayla Gorman

investors@veracyte.com
(619) 393-1545

Media
Karen Possemato

media@veracyte.com

Travere Therapeutics to Present at the Guggenheim Emerging Outlook Biotech Summit

Travere Therapeutics to Present at the Guggenheim Emerging Outlook Biotech Summit




Travere Therapeutics to Present at the Guggenheim Emerging Outlook Biotech Summit

SAN DIEGO–(BUSINESS WIRE)–Travere Therapeutics, Inc. (NASDAQ: TVTX) today announced that company management will present at the Guggenheim Emerging Outlook: Biotech Summit 2026 on Wednesday, February 11, 2026, at 4:00 p.m. ET.


A live webcast will be accessible on the Investor page of Travere’s website at ir.travere.com/events-and-presentations, and a replay will be available for up to 30 days following the event.

About Travere Therapeutics

At Travere Therapeutics, we are in rare for life. We are a biopharmaceutical company that comes together every day to help patients, families, and caregivers of all backgrounds as they navigate life with a rare disease. On this path, we know the need for treatment options is urgent – that is why our global team works with the rare disease community to identify, develop, and deliver life-changing therapies. In pursuit of this mission, we continuously seek to understand the diverse perspectives of rare patients and to courageously forge new paths to make a difference in their lives and provide hope – today and tomorrow. For more information, visit travere.com.

Contacts

Investors:

888-969-7879

IR@travere.com

Media:

888-969-7879

mediarelations@travere.com

Phibro Animal Health Corporation Reports Second Quarter Results, Updates Financial Guidance

Phibro Animal Health Corporation Reports Second Quarter Results, Updates Financial Guidance




Phibro Animal Health Corporation Reports Second Quarter Results, Updates Financial Guidance

TEANECK, N.J.–(BUSINESS WIRE)–Phibro Animal Health Corporation (Nasdaq: PAHC) (“Phibro” or the “Company”) today announced financial results for its second quarter ended December 31, 2025, and its updated financial guidance for the year ending June 30, 2026.


Highlights for the three months ended December 31, 2025 (compared to the three months ended December 31, 2024):

  • Net sales of $373.9 million, an increase of $64.6 million, or 21%
  • Net income of $27.5 million, an increase of $24.3 million
  • Diluted earnings per share of $0.67, an increase of $0.59
  • Adjusted EBITDA of $68.1 million, an increase of $19.9 million, or 41%
  • Adjusted net income of $35.7 million, an increase of $13.5 million, or 60%
  • Adjusted diluted EPS of $0.87, an increase of $0.32, or 58%

We have raised our fiscal year 2026 guidance, which includes:

  • Net sales of $1.45 billion to $1.50 billion
  • Adjusted EBITDA of $245 million to $255 million

COMMENTARY

“This was a strong quarter for us, and I’m really proud of how our teams are executing around the world,” stated Jack Bendheim, President and Chief Executive Officer. “We’re seeing faster than expected uptake of our newly integrated MFA portfolio, which is already giving our results a real lift. At the same time, our nutritional specialty and vaccine offerings continue to deliver strong, sustained growth across key markets. With this momentum and the progress we’re making across the business, we feel confident raising our full year guidance. Even with some of the challenges in the global environment, our people continue to show resilience and stay focused on delivering for our customers. With the strategy we have in place and the dedication of our teams, I feel very good about where we’re headed.”

QUARTERLY RESULTS

Net sales

Net sales of $373.9 million for the three months ended December 31, 2025 increased $64.6 million, or 21%, as compared to the three months ended December 31, 2024. Animal Health increased $60.6 million, Mineral Nutrition increased $5.7 million, and Performance Products decreased $1.6 million.

Animal Health

Net sales of $290.0 million for the three months ended December 31, 2025 increased $60.6 million, or 26%. Net sales of MFAs and other increased $51.8 million, or 34%, due to incremental revenues of $57.5 million from sales of products from the MFA portfolio acquired on October 31, 2024, partially offset by the timing of purchases by a large customer.

Net sales of nutritional specialty products increased $4.3 million, or 9%, primarily due to increased North American demand for dairy.

Net sales of vaccines increased $4.5 million, or 13%, primarily due to continued growth of poultry products in Latin America and an increase in international demand, particularly in Southeast Asia.

Mineral Nutrition

Net sales of $68.9 million for the three months ended December 31, 2025 increased $5.7 million, or 9%, due to an increase in demand for trace minerals and zinc.

Performance Products

Net sales of $15.0 million for the three months ended December 31, 2025 decreased $1.6 million, or 10%, as a result of lower demand for the ingredients used in personal care products.

Gross profit

Gross profit of $132.7 million for the three months ended December 31, 2025 increased $30.8 million, or 30%, as compared to the three months ended December 31, 2024. Gross margin increased 260 basis points to 35.5% of net sales for the three months ended December 31, 2025, as compared to 32.9% for the three months ended December 31, 2024. The comparison of gross profit to the prior year includes a net decrease of $0.8 million for acquisition-related cost of goods sold related to the purchase accounting for the MFA acquisition. Excluding this purchase accounting item, gross profit increased $30.0 million, or 29%, and gross margin increased 220 basis points to 35.7% of net sales due to increased sales, favorable product mix, and increases in average selling prices, partially offset by higher input and distribution costs and the unfavorable impact of changes in foreign currency exchange rates.

Animal Health gross profit, excluding the purchase accounting item discussed above, increased $29.8 million, primarily driven by increased sales, favorable product mix, and increases in average selling prices, partially offset by higher input and distribution costs and the unfavorable impact of changes in foreign currency exchange rates. Mineral Nutrition gross profit increased $0.8 million, driven by increased sales volume. Performance Products gross profit decreased $0.6 million, primarily as a result of lower demand.

Selling, general and administrative expenses (“SG&A”)

SG&A of $82.3 million for the three months ended December 31, 2025 increased $6.0 million, or 8%, as compared to the three months ended December 31, 2024. SG&A for the three months ended December 31, 2025 included $3.6 million of costs associated with Phibro Forward income growth initiatives, $0.2 million for acquisition-related costs, and $0.2 million of stock-based compensation expense related to awards granted to certain named executive officers in fiscal year 2024. SG&A for the three months ended December 31, 2024 included $8.8 million of acquisition-related costs, $1.7 million of costs associated with Phibro Forward income growth initiatives, and $0.2 million of stock-based compensation expense, partially offset by $1.3 million related to an insurance settlement gain. Excluding these items, SG&A increased $11.4 million, or 17%.

Animal Health SG&A, excluding the non-recurring Animal Health related items discussed above, increased $7.1 million, primarily due to an increase in employee-related costs due in part to the incremental headcount added as part of the MFA acquisition. Mineral Nutrition SG&A increased $0.2 million, and Performance Products SG&A increased $0.4 million. Corporate costs, excluding the non-recurring Corporate related items discussed above, increased $3.7 million due to an increase in employee-related costs.

Interest expense, net

Interest expense, net of $11.8 million for the three months ended December 31, 2025 increased $2.8 million, as compared to the three months ended December 31, 2024, due to higher average debt levels associated with the financing of the MFA acquisition, as well as the expiration of a favorable interest rate swap agreement on $300.0 million of notional debt principal.

Foreign currency losses, net

Foreign currency losses, net for the three months ended December 31, 2025 were $2.1 million, as compared to $11.7 million of net losses for the three months ended December 31, 2024. Current period gains/losses were driven by fluctuations in certain currencies related to the U.S. dollar, most prominently, in the Argentine Peso and the Israeli New Shekel. Prior year period losses were driven in large part by fluctuations in the Brazil Real.

Provision for income taxes

The provision for income taxes was $9.0 million and $1.7 million for the three months ended December 31, 2025 and 2024, respectively. The effective income tax rate was 24.6% and 34.2% for the three months ended December 31, 2025 and 2024, respectively.

The effective income tax rate in the current year was higher than the federal statutory rate of 21% due to the impact of Global Intangible Low-Tax Income tax expense and state and local income taxes. The provision for income taxes in the current year was also impacted by other taxes, primarily driven by the mix of foreign income.

The effective income tax rate in the current period included among other items (i) a $0.2 million expense from changes in uncertain tax positions related to prior years and (ii) certain other charges, including acquisition-related costs, foreign currency losses, and certain stock-based compensation, which had lower tax rates. The effective income tax rate in the prior year included (i) various exchange rate losses, (ii) changes in uncertain tax positions related to prior years, and (iii) certain other charges, including acquisition-related costs. Excluding these items, the effective income tax rate was 23.7% and 26.3% for the three months ended December 31, 2025 and 2024, respectively.

Net income

Net income of $27.5 million for the three months ended December 31, 2025 increased $24.3 million, as compared to net income of $3.2 million for the three months ended December 31, 2024. Operating income increased $24.8 million, driven by favorable gross profit, partially offset by higher SG&A. Gross profit increased $30.8 million primarily as a result of higher sales in the Animal Health segment, driven in part by incremental revenues associated with sales from the MFA portfolio acquired on October 31, 2024. SG&A increased $6.0 million due to higher employee-related costs and a net increase of $1.9 million of costs associated with Phibro Forward income growth initiatives. Interest expense, net increased $2.8 million due to higher debt levels, due in part to the financing of the MFA acquisition and the expiration of an interest rate swap agreement. Foreign currency losses, net decreased $9.6 million. Income tax expense increased $7.3 million.

Adjusted EBITDA

Adjusted EBITDA of $68.1 million for the three months ended December 31, 2025, increased $19.9 million, or 41%, as compared to the three months ended December 31, 2024. Animal Health Adjusted EBITDA increased $24.0 million due to higher sales and gross profit, partially offset by increased SG&A. Mineral Nutrition Adjusted EBITDA increased $0.7 million, due to higher sales and gross profit. Performance Products Adjusted EBITDA decreased $1.1 million due to lower sales and higher SG&A. Corporate expenses increased $3.7 million due to higher employee-related costs.

Adjusted provision for income taxes

The adjusted effective income tax rates for the three months ended December 31, 2025 and 2024, were 23.7% and 26.3%, respectively.

Adjusted net income

Adjusted net income of $35.7 million for the three months ended December 31, 2025 increased $13.5 million, or 60%, as compared to the prior year period. The increase was driven by higher gross profit, partially offset by higher SG&A expenses and higher interest expense. The higher gross profit resulted from higher sales. SG&A expenses increased due to higher employee-related costs. Interest expense increased due to higher debt levels associated with the financing of the MFA acquisition and the expiration of an interest rate swap agreement.

Adjusted diluted earnings per share

Adjusted diluted earnings per share was $0.87 for the quarter, an increase of $0.32, or 58%, as compared to the adjusted diluted earnings per share of $0.55 in the prior year period.

BALANCE SHEET AND CASH FLOWS

  • Free cash flow was $47.3 million for the twelve months ended December 31, 2025 (Free cash flow equals cash flow from operating activities less capital expenditures).
  • 3.1x gross leverage ratio as of December 31, 2025

    • $737.0 million total debt
    • $234.8 million Adjusted EBITDA for the twelve months ended December 31, 2025
    • Cash and short-term investments of $74.5 million as of December 31, 2025

FISCAL YEAR 2026 FINANCIAL GUIDANCE

Our updated fiscal year 2026 financial guidance is as shown below. Year-over-year percentages are calculated using the midpoint of the guidance ranges.

  • Net sales of $1.45 billion to $1.50 billion, 14% growth
  • Net income of $85 million to $95 million, 86% growth
  • Diluted EPS of $2.08 to $2.32, 85% growth
  • Adjusted EBITDA of $245 million to $255 million, 36% growth
  • Adjusted net income of $120 million to $127 million, 45% growth
  • Adjusted diluted EPS of $2.93 to $3.10, 44% growth
  • Adjusted effective tax rate of ~25%

Guidance for GAAP measures assumes no additional foreign exchange (gains) losses for the year ending June 30, 2026.

WEBCAST & CONFERENCE CALL DETAILS

Phibro Animal Health Corporation will host a webcast and conference call during which the Company will review its financial results and respond to questions.

Date:

Thursday, February 5, 2026

Time:

9:00 AM Eastern

Location:

https://investors.pahc.com

U.S. Toll-Free:

+1 (888) 330-2022

International Toll:

+1 (365) 977-0051

Conference ID:

3927884

NOTE: To join this conference call, all participants will be required to provide the Conference ID number.

A replay of the webcast will be archived and made available on Phibro’s website.

DISCLOSURE NOTICES

Forward-Looking Statements: This communication contains forward-looking statements that are subject to risks and uncertainties, including with respect to any future debt and leverage levels. All statements other than statements of historical or current fact included in this report are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “outlook,” “potential,” “project,” “projection,” “plan,” “intend,” “seek,” “may,” “could,” “would,” “will,” “should,” “can,” “can have,” “likely,” the negatives thereof and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. These statements are not guarantees of future performance or actions. If one or more of these risks or uncertainties materialize, or if management’s underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Phibro expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Quarterly Report on Form 10-Q and Annual Report on Form 10-K, including in the sections thereof captioned “Forward-Looking Statements” and “Risk Factors.” These filings and subsequent filings are available online at www.sec.gov, www.pahc.com, or on request from Phibro.

Non-GAAP Financial Information: We use non-GAAP financial measures, such as adjusted EBITDA, adjusted net income, adjusted diluted EPS and free cash flow to assess and analyze our operational results and trends and to make financial and operational decisions. Management uses adjusted EBITDA as its primary operating measure. We report adjusted net income to portray the results of our operations prior to considering certain income statement elements. We believe these non-GAAP financial measures are also useful to investors because they provide greater transparency regarding our operating performance. The non-GAAP financial measures included in this communication should not be considered alternatives to measurements required by GAAP, such as net income, operating income and earnings per share, and should not be considered measures of liquidity. These non-GAAP financial measures may not be comparable with non-GAAP information provided by other companies. Reconciliation of non-GAAP financial measures and GAAP financial measures are included in the tables accompanying this communication and/or our Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

We are not providing a reconciliation of forward-looking guidance of non-GAAP financial measures to the most directly comparable GAAP financial measures because of the uncertainty regarding, and the potential variability of, certain of the items required for a reconciliation; accordingly, a reconciliation of the non-GAAP financial measure to the corresponding GAAP financial measure is not available without unreasonable effort. These items are uncertain, depend on various factors and may have a material impact on our future GAAP results.

Internet Posting of Information: We routinely post information that may be important to investors in the “Investors” section of our website at www.pahc.com. We encourage investors and potential investors to consult our website regularly for important information about us.

Phibro Animal Health Corporation

Consolidated Results of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

Six Months

For the Periods Ended December 31

 

2025

 

2024

 

Change

2025

 

2024

 

Change

 

 

(in millions, except per share amounts and percentages)

Net sales

 

$

373.9

 

$

309.3

 

$

64.6

 

 

21

%

$

737.8

 

$

569.7

 

$

168.1

 

 

30

%

Cost of goods sold

 

 

241.3

 

 

207.4

 

 

33.9

 

 

16

%

 

485.4

 

 

384.3

 

 

101.0

 

 

26

%

Gross profit

 

 

132.7

 

 

101.9

 

 

30.8

 

 

30

%

 

252.4

 

 

185.4

 

 

67.1

 

 

36

%

Selling, general and administrative expenses

 

 

82.3

 

 

76.3

 

 

6.0

 

 

8

%

 

150.9

 

 

142.1

 

 

8.7

 

 

6

%

Operating income

 

 

50.3

 

 

25.5

 

 

24.8

 

 

97

%

 

101.6

 

 

43.2

 

 

58.4

 

 

*

Interest expense, net

 

 

11.8

 

 

9.0

 

 

2.8

 

 

31

%

 

23.8

 

 

16.6

 

 

7.2

 

 

43

%

Foreign currency losses, net

 

 

2.1

 

 

11.7

 

 

(9.6

)

 

(82

)%

 

5.1

 

 

12.1

 

 

(7.1

)

 

(58

)%

Income before income taxes

 

 

36.4

 

 

4.8

 

 

31.6

 

 

*

 

72.7

 

 

14.5

 

 

58.2

 

 

*

Provision for income taxes

 

 

9.0

 

 

1.7

 

 

7.3

 

 

*

 

18.7

 

 

4.3

 

 

14.4

 

 

*

Net income

 

$

27.5

 

$

3.2

 

$

24.3

 

 

*

$

54.0

 

$

10.2

 

$

43.8

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

basic

 

$

0.68

 

$

0.08

 

$

0.60

 

 

*

$

1.33

 

$

0.25

 

$

1.08

 

 

*

diluted

 

$

0.67

 

$

0.08

 

$

0.59

 

 

*

$

1.32

 

$

0.25

 

$

1.07

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

basic

 

 

40.5

 

 

40.5

 

 

 

 

 

 

40.5

 

 

40.5

 

 

 

 

 

diluted

 

 

41.0

 

 

40.7

 

 

 

 

 

 

40.9

 

 

40.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio to net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

35.5

%

 

32.9

%

 

 

 

 

 

34.2

%

 

32.5

%

 

 

 

 

Selling, general and administrative expenses

 

 

22.0

%

 

24.7

%

 

 

 

 

 

20.4

%

 

24.9

%

 

 

 

 

Operating income

 

 

13.5

%

 

8.3

%

 

 

 

 

 

13.8

%

 

7.6

%

 

 

 

 

Income before income taxes

 

 

9.7

%

 

1.6

%

 

 

 

 

 

9.9

%

 

2.5

%

 

 

 

 

Net income

 

 

7.3

%

 

1.0

%

 

 

 

 

 

7.3

%

 

1.8

%

 

 

 

 

Effective tax rate

 

 

24.6

%

 

34.2

%

 

 

 

 

 

25.7

%

 

29.7

%

 

 

 

 

Amounts and percentages may reflect rounding adjustments.

* Calculation not meaningful

Phibro Animal Health Corporation

Segment Net Sales and Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

Six Months

For the Periods Ended December 31

 

2025

2024

Change

2025

2024

Change

 

 

(in millions, except percentages)

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MFAs and other

 

$

202.1

 

$

150.3

 

$

51.8

 

 

34

%

$

397.3

 

$

258.2

 

$

139.1

 

 

54

%

Nutritional specialties

 

 

50.2

 

 

45.9

 

 

4.3

 

 

9

%

 

98.4

 

 

88.6

 

 

9.8

 

 

11

%

Vaccines

 

 

37.6

 

 

33.2

 

 

4.5

 

 

13

%

 

77.7

 

 

65.2

 

 

12.5

 

 

19

%

Animal Health

 

 

290.0

 

 

229.4

 

 

60.6

 

 

26

%

 

573.4

 

 

411.9

 

 

161.5

 

 

39

%

Mineral Nutrition

 

 

68.9

 

 

63.3

 

 

5.7

 

 

9

%

 

131.9

 

 

122.3

 

 

9.6

 

 

8

%

Performance Products

 

 

15.0

 

 

16.6

 

 

(1.6

)

 

(10

)%

 

32.4

 

 

35.4

 

 

(3.0

)

 

(8

)%

Total

 

$

373.9

 

$

309.3

 

$

64.6

 

 

21

%

$

737.8

 

$

569.7

 

$

168.1

 

 

30

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Animal Health

 

$

82.2

 

$

58.2

 

$

24.0

 

 

41

%

$

157.0

 

$

98.6

 

$

58.5

 

 

59

%

Mineral Nutrition

 

 

6.4

 

 

5.7

 

 

0.7

 

 

12

%

 

10.9

 

 

9.5

 

 

1.4

 

 

15

%

Performance Products

 

 

0.8

 

 

1.9

 

 

(1.1

)

 

(56

)%

 

2.4

 

 

4.2

 

 

(1.7

)

 

(42

)%

Corporate

 

 

(21.3

)

 

(17.6

)

 

(3.7

)

 

21

%

 

(40.4

)

 

(33.4

)

 

(7.1

)

 

21

%

Total

 

$

68.1

 

$

48.2

 

$

19.9

 

 

41

%

$

129.9

 

$

78.8

 

$

51.1

 

 

65

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio to segment net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Animal Health

 

 

28.3

%

 

25.4

%

 

 

 

 

 

27.4

%

 

23.9

%

 

 

 

 

Mineral Nutrition

 

 

9.2

%

 

9.0

%

 

 

 

 

 

8.3

%

 

7.7

%

 

 

 

 

Performance Products

 

 

5.5

%

 

11.4

%

 

 

 

 

 

7.5

%

 

11.8

%

 

 

 

 

Corporate(1)

 

 

(5.7

)%

 

(5.7

)%

 

 

 

 

 

(5.5

)%

 

(5.9

)%

 

 

 

 

Total(1)

 

 

18.2

%

 

15.6

%

 

 

 

 

 

17.6

%

 

13.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of GAAP Net Income to Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

27.5

 

$

3.2

 

$

24.3

 

 

*

$

54.0

 

$

10.2

 

$

43.8

 

 

*

Interest expense, net

 

 

11.8

 

 

9.0

 

 

2.8

 

 

31

%

 

23.8

 

 

16.6

 

 

7.2

 

 

43

%

Provision for income taxes

 

 

9.0

 

 

1.7

 

 

7.3

 

 

*

 

18.7

 

 

4.3

 

 

14.4

 

 

*

Depreciation and amortization

 

 

12.9

 

 

11.6

 

 

1.3

 

 

11

%

 

25.7

 

 

20.6

 

 

5.1

 

 

25

%

EBITDA

 

 

61.1

 

 

25.4

 

 

35.7

 

 

*

 

122.2

 

 

51.7

 

 

70.6

 

 

*

Acquisition-related cost of goods sold

 

 

0.8

 

 

1.6

 

 

(0.8

)

 

(49

)%

 

2.0

 

 

1.6

 

 

0.3

 

 

20

%

Acquisition-related transaction costs

 

 

0.2

 

 

8.8

 

 

(8.6

)

 

(98

)%

 

0.5

 

 

12.2

 

 

(11.8

)

 

(96

)%

Phibro Forward income growth initiatives – SG&A(2)

 

 

3.6

 

 

1.7

 

 

1.9

 

 

*

 

3.6

 

 

2.0

 

 

1.6

 

 

78

%

Stock-based compensation expense – named executive officer awards granted in fiscal year 2024

 

 

0.2

 

 

0.2

 

 

 

 

%

 

0.4

 

 

0.4

 

 

 

 

%

Insurance proceeds

 

 

 

 

(1.3

)

 

1.3

 

 

*

 

(3.8

)

 

(1.3

)

 

(2.5

)

 

*

Foreign currency losses, net

 

 

2.1

 

 

11.7

 

 

(9.6

)

 

(82

)%

 

5.1

 

 

12.1

 

 

(7.1

)

 

(58

)%

Adjusted EBITDA

 

$

68.1

 

$

48.2

 

$

19.9

 

 

41

%

$

129.9

 

$

78.8

 

$

51.1

 

 

65

%

Amounts and percentages may reflect rounding adjustments.

* Calculation not meaningful

(1)

Reflects ratio to total net sales

(2)

Phibro Forward is a company-wide initiative focused on unlocking additional areas of revenue growth and cost savings.

Phibro Animal Health Corporation

Adjusted Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

Six Months

For the Periods Ended December 31

 

2025

2024

 

Change

2025

 

2024

 

Change

 

 

(in millions, except per share amounts and percentages)

Reconciliation of GAAP Net Income to Adjusted Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

27.5

 

$

3.2

 

 

$

24.3

 

 

*

$

54.0

 

 

$

10.2

 

 

$

43.8

 

 

*

Acquisition-related depreciation(1) (3)

 

 

1.7

 

 

0.4

 

 

 

1.2

 

 

*

 

3.3

 

 

 

0.4

 

 

 

2.8

 

 

*

Acquisition-related intangible amortization(1)

 

 

1.1

 

 

1.6

 

 

 

(0.5

)

 

(29

)%

 

2.2

 

 

 

3.2

 

 

 

(1.0

)

 

(31

)%

Acquisition-related intangible amortization(2)

 

 

0.6

 

 

0.6

 

 

 

0.0

 

 

2

%

 

1.2

 

 

 

1.2

 

 

 

(0.0

)

 

(0

)%

Acquisition-related cost of goods sold(1)

 

 

0.8

 

 

1.6

 

 

 

(0.8

)

 

(49

)%

 

2.0

 

 

 

1.6

 

 

 

0.3

 

 

20

%

Acquisition-related transaction costs(2)

 

 

0.2

 

 

8.8

 

 

 

(8.6

)

 

(98

)%

 

0.5

 

 

 

12.2

 

 

 

(11.8

)

 

(96

)%

Insurance proceeds(2)

 

 

 

 

(1.3

)

 

 

1.3

 

 

*

 

(3.8

)

 

 

(1.3

)

 

 

(2.5

)

 

*

Stock-based compensation expense – named executive officer awards granted in fiscal year 2024(2)

 

 

0.2

 

 

0.2

 

 

 

 

 

%

 

0.4

 

 

 

0.4

 

 

 

 

 

%

Phibro Forward income growth initiatives – SG&A(2)

 

 

3.6

 

 

1.7

 

 

 

1.9

 

 

*

 

3.6

 

 

 

2.0

 

 

 

1.6

 

 

78

%

Refinancing expense(4)

 

 

 

 

 

 

 

 

 

*

 

 

 

 

2.0

 

 

 

(2.0

)

 

*

Foreign currency losses, net(5)

 

 

2.1

 

 

11.7

 

 

 

(9.6

)

 

(82

)%

 

5.1

 

 

 

12.1

 

 

 

(7.1

)

 

(58

)%

Adjustments to income taxes(3) (6)

 

 

(2.1

)

 

(6.3

)

 

 

(4.2

)

 

66

%

 

(2.8

)

 

 

(7.8

)

 

 

(5.0

)

 

64

%

Adjusted net income(3)

 

$

35.7

 

$

22.3

 

 

$

13.5

 

 

60

%

$

65.6

 

 

$

36.3

 

 

$

29.2

 

 

80

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations Line Items – adjusted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted cost of goods sold(1) (3)

 

$

237.6

 

$

203.7

 

 

$

33.9

 

 

17

%

$

477.9

 

 

$

379.0

 

 

$

98.9

 

 

26

%

Adjusted gross profit(3)

 

 

136.3

 

 

105.5

 

 

 

30.8

 

 

29

%

 

259.9

 

 

 

190.7

 

 

 

69.2

 

 

36

%

Adjusted selling, general and administrative(2)

 

 

77.7

 

 

66.3

 

 

 

11.4

 

 

17

%

 

149.0

 

 

 

127.5

 

 

 

21.5

 

 

17

%

Adjusted interest expense, net(4)

 

 

11.8

 

 

9.0

 

 

 

2.8

 

 

31

%

 

23.8

 

 

 

14.7

 

 

 

9.1

 

 

62

%

Adjusted income before income taxes

 

 

46.8

 

 

30.2

 

 

 

16.6

 

 

55

%

 

87.1

 

 

 

48.4

 

 

 

38.7

 

 

80

%

Adjusted provision for income taxes(3) (6)

 

 

11.1

 

 

8.0

 

 

 

3.1

 

 

40

%

 

21.5

 

 

 

12.1

 

 

 

9.4

 

 

78

%

Adjusted net income(3)

 

$

35.7

 

$

22.3

 

 

$

13.5

 

 

60

%

$

65.6

 

 

$

36.3

 

 

$

29.2

 

 

80

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

diluted(3)

 

$

0.87

 

$

0.55

 

 

$

0.32

 

 

58

%

$

1.60

 

 

$

0.89

 

 

$

0.71

 

 

80

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

diluted

 

 

41.0

 

 

40.7

 

 

 

 

 

 

 

40.9

 

 

 

40.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio to net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted gross profit(3)

 

 

36.5

%

 

34.1

%

 

 

 

 

 

 

35.2

%

 

 

33.5

%

 

 

 

 

 

Adjusted selling, general and administrative

 

 

20.8

%

 

21.4

%

 

 

 

 

 

 

20.2

%

 

 

22.4

%

 

 

 

 

 

Adjusted income before income taxes(3)

 

 

12.5

%

 

9.8

%

 

 

 

 

 

 

11.8

%

 

 

8.5

%

 

 

 

 

 

Adjusted net income(3)

 

 

9.6

%

 

7.2

%

 

 

 

 

 

 

8.9

%

 

 

6.4

%

 

 

 

 

 

Adjusted effective tax rate(3)

 

 

23.7

%

 

26.3

%

 

 

 

 

 

 

24.7

%

 

 

25.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contacts

Phibro Animal Health Corporation

Glenn C. David

Chief Financial Officer

+1-201-329-7300

Or

investor.relations@pahc.com

Read full story here

McKesson Corporation Reports Fiscal 2026 Third Quarter Results and Raises Full Year Adjusted EPS Guidance

McKesson Corporation Reports Fiscal 2026 Third Quarter Results and Raises Full Year Adjusted EPS Guidance




McKesson Corporation Reports Fiscal 2026 Third Quarter Results and Raises Full Year Adjusted EPS Guidance

IRVING, Texas–(BUSINESS WIRE)–McKesson Corporation (NYSE: MCK) has released its fiscal 2026 third quarter financial results. Results can be accessed on McKesson’s Investor Relations website at investor.mckesson.com/financials/quarterly-results.


As previously announced, the company will host a live webcast of the earnings conference call for investors today, Wednesday, February 4 at 4:30 PM ET to review its financial results. The audio webcast of the conference call will be available live and archived on McKesson’s Investor Relations website, along with the company’s earnings press release, financial tables, and slide presentation. Additional information about upcoming events for the investor community can be found at investor.mckesson.com/events-and-presentations.

About McKesson Corporation

McKesson Corporation is a diversified healthcare services leader dedicated to advancing health outcomes for patients everywhere. Our teams partner with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to deliver insights, products and services to help make quality care more accessible and affordable. Learn more about how McKesson is impacting virtually every aspect of healthcare at McKesson.com and read Stories & Insights.

We routinely use our website, investor.mckesson.com, to post information that may be material to investors, such as business developments, earnings, and financial performance, as well as presentation materials and details for upcoming and past events.

Contacts

Investors

Investors@McKesson.com

Media Relations

MediaRelations@McKesson.com

Lōkahi Therapeutics Welcomes the Student Industry Fellows Program at the University of Georgia to the ai² Futures Lab™ Program

Lōkahi Therapeutics Welcomes the Student Industry Fellows Program at the University of Georgia to the ai² Futures Lab™ Program




Lōkahi Therapeutics Welcomes the Student Industry Fellows Program at the University of Georgia to the ai² Futures Lab™ Program

LA JOLLA, Calif. & ATHENS, Ga.–(BUSINESS WIRE)–Lōkahi Therapeutics today announced the participation of the University of Georgia’s Student Industry Fellows Program in its ai² (actual intelligence) Futures Lab program for the Spring 2026 semester. Through this collaboration, University of Georgia students will engage in applied, real-world biotech and life sciences projects designed to bridge academic learning with industry execution.


The ai² Futures Lab program pairs multidisciplinary student teams with Lōkahi Therapeutics leadership to evaluate emerging assets, explore strategic pathways, and develop market-informed recommendations across discovery, development, and commercialization. The program emphasizes experiential learning, critical thinking, and practical exposure to decision-making within a pharmaceutical innovation environment.

“The ai² Futures Lab is designed to give students meaningful, hands-on experience at the intersection of science, strategy, and execution,” said Brian Peters, SVP, ai² Division, Lōkahi Therapeutics. “We are excited to welcome the Industry Fellows at the University of Georgia to the program this semester and look forward to the perspective, rigor, and curiosity they bring to real-world challenges.”

University of Georgia’s participation is supported through the Office of University Experiential Learning, reinforcing the institution’s commitment to applied education and industry engagement.

“This collaboration represents the type of experiential opportunity we strive to create for our students,” said Andrew H. Potter, Director, Office of University Experiential Learning and Head of the Student Industry Fellows Program, University of Georgia. “The ai² Futures Lab allows students to apply their academic training in a professional setting while gaining insight into the complexities of innovation within the life sciences sector.”

The partnership builds on Lōkahi Therapeutics’ broader mission to cultivate future leaders by exposing students to authentic industry problems and mentorship from experienced professionals.

“Programs like the ai² Futures Lab create a powerful learning environment by combining academic talent with industry context,” said Erik Emerson, CEO, Lōkahi Therapeutics. “We are proud to collaborate with the University of Georgia’s Student Industry Fellows Program and support students as they develop skills that will serve them well beyond the classroom.”

The ai² Futures Lab continues to expand its academic partnerships nationwide, connecting universities with Lōkahi Therapeutics’ innovation platform to advance both education and early-stage strategic thinking in the life sciences.

About Lōkahi Therapeutics

Lōkahi Therapeutics is focused on advancing innovative therapeutic opportunities through disciplined evaluation, strategic development, and collaborative discovery. Through initiatives like the ai² Futures Lab, Lōkahi integrates emerging talent into real-world problem-solving to help shape the future of healthcare. For more information, please visit us at www.lokahithera.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “anticipate”, “believe”, “expect”, “plan” and “will” are intended to identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, management. These statements relate only to events as of the date on which the statements are made, and Apimeds undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results anticipated by Apimeds will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations. Readers are cautioned that certain important factors may affect Apimeds’ actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect Apimeds’ results include, but are not limited to, the ability of Apimeds to raise additional capital to finance its operations (whether through public or private equity offerings, debt financings, strategic collaborations or otherwise); risks relating to Apimeds’ ability to advance its product candidate and successfully complete clinical trials; risks relating to its ability to hire and retain qualified personnel; and the additional risk factors described in Apimeds’ filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on April 15, 2025 (as amended on May 2, 2025).

Contacts

Media Contact:
Brian Peters

SVP, ai² Division

brian@lokahithera.com

CareDx to Present AlloHeme™ Pivotal Clinical Validation Data in Hematologic Cancer Relapse Detection at 2026 Tandem Meetings

CareDx to Present AlloHeme™ Pivotal Clinical Validation Data in Hematologic Cancer Relapse Detection at 2026 Tandem Meetings




CareDx to Present AlloHeme™ Pivotal Clinical Validation Data in Hematologic Cancer Relapse Detection at 2026 Tandem Meetings

Company to host investor webcast and conference call on February 12 at 7 a.m. PT / 10 a.m. ET


Investor webcast will feature the clinical validation data and review commercial launch timeline

BRISBANE, Calif.–(BUSINESS WIRE)–CareDx, Inc. (Nasdaq: CDNA) — The Transplant Company™, a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high‑value healthcare solutions for transplant patients and caregivers, today announced that pivotal clinical validation data from the ACROBAT study (NCT04635384) will be presented at the 2026 Tandem Meetings, Transplantation & Cellular Therapy Meetings of ASTCT™ and CIBMTR®, held February 4-7, 2026, in Salt Lake City, Utah.

The ACROBAT study is a prospective, multi-center, blinded clinical trial evaluating AlloHeme, CareDx’s AI-powered next-generation sequencing (NGS)-based peripheral blood test for monitoring relapse after allogeneic hematopoietic cell transplantation (HCT) in patients with hematologic malignancies. AlloHeme identifies cancer relapse ahead of traditional detection methods, potentially enabling timely clinical interventions. The ACROBAT study includes patients with Acute Myeloid Leukemia (AML) and Myelodysplastic Syndromes (MDS) monitored with AlloHeme for cancer relapse at 11 hematopoietic stem cell transplant centers across the U.S.

The oral presentation will feature the complete 24-month follow-up results, building upon 18-month interim results published in the conference abstract, available online here.

In addition, on February 12, 2025, CareDx will host an investor webcast and conference call to discuss the study findings and commercial launch timeline.

Tandem Presentation Details:

  • Presentation ID 61: Acrobat Interim Results: Peripheral Blood-Based AlloHeme Test Enables Robust Relapse Surveillance in Post-HCT AML and MDS Patients
  • Presenter: Dr. Ran Reshef, Professor of Medicine at Columbia University and Director of Translational Research, Blood and Marrow Transplantation Program at Herbert Irving Comprehensive Cancer Center
  • Date & Time: Friday, February 6, 3:15 p.m. MT
  • Location: Ballroom I, Salt Palace Convention Center

Investor Webcast Details:

  • Presentation: AlloHeme Clinical Validation Data Review and Launch Timeline
  • Date & Time: Wednesday, February 12, 7 a.m. PT / 10 a.m. ET
  • The one-hour event will feature presentations by members of the CareDx’s leadership team and ACROBAT study site Principal Investigator, Dr. Ran Reshef.
  • A live and archived webcast can be accessed on the Events & Presentations section of CareDx’s Investor Relations website at investors.caredx.com. To participate in the live conference call via telephone, register here. Upon registering, a dial-in number and unique PIN will be provided.

About CareDx

CareDx is a precision medicine company dedicated to improving outcomes for transplant patients and advancing organ health. The Company’s integrated solutions include non‑invasive molecular testing for heart, kidney, and lung transplants; laboratory products; digital health technologies; and patient solutions that support care before and after transplant. CareDx is the leading provider of genomics‑based information for transplant patients. For more information, please visit www.caredx.com.

Forward Looking Statements

This press release includes forward-looking statements related to CareDx including statements regarding the potential benefits and results that may be achieved with AlloHeme. These forward-looking statements are based upon information that is currently available to CareDx and its current expectations, speak only as of the date hereof, and are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks that CareDx does not realize the expected benefits of AlloHeme are, risks that the findings in the ACROBAT study supporting the data may be inaccurate, general economic and market factors, and other risks discussed in CareDx’s filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed by CareDx with the SEC on February 28, 2025, the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed by CareDx with the SEC on November 4, 2025, and other reports that CareDx has filed with the SEC. Any of these may cause CareDx’s actual results, performance, or achievements to differ materially and adversely from those anticipated or implied by CareDx’s forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. CareDx expressly disclaims any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

CareDx, Inc.
Media

Natasha Moshirian Wagner

nwagner@CareDx.com

Investor Relations

Caroline Corner

investor@CareDx.com

Valo Health Appoints Karin Conde-Knape, Ph.D., as Chief Scientific Officer

Valo Health Appoints Karin Conde-Knape, Ph.D., as Chief Scientific Officer




Valo Health Appoints Karin Conde-Knape, Ph.D., as Chief Scientific Officer

Seasoned drug discovery leader will join Valo to further advance human-centric, AI-enabled drug discovery

LEXINGTON, Mass.–(BUSINESS WIRE)–#DrugDiscoveryValo Health, Inc. (“Valo”), a company pioneering the use of human data and AI to accelerate drug discovery and development, today announced the appointment of Karin Conde-Knape, Ph.D., as Chief Scientific Officer (CSO). Dr. Conde-Knape brings more than two decades of expertise in drug development and translational science and a passion for patient-centric innovation.


Dr. Conde-Knape will join Valo following an extensive career at Novo Nordisk, where she had multiple roles including Senior Vice President of Early Development and Global Drug Discovery. She led research and early development across multiple therapeutic areas through internal and external innovation approaches. At Valo, she will oversee scientific strategy and execution, advancing a diverse portfolio of internal programs and global collaborations aimed at delivering transformative therapies for patients.

“Dr. Conde-Knape’s scientific leadership, passion for patient-centric innovation, and proven track record in drug discovery will be invaluable as we continue to scale our platform and deliver on our mission to transform drug discovery through AI-enabled human causal biology and predictive chemistry,” said Brian Alexander, MD, MPH, CEO of Valo. “We are thrilled to welcome her to the team during such an exciting time for the company and our industry.”

Dr. Conde-Knape’s appointment follows the planned retirement of Mike Graziano, Ph.D., Valo’s current CSO, who will transition to the role of Scientific Advisor. Dr. Graziano has been instrumental in advancing Valo’s science, platform and partnerships, leading the development and advancement of several internal and partnered programs.

“I have long admired Valo’s vision, ways of working, and bold approach to reimagining drug discovery,” said Dr. Conde-Knape. “By starting with human data and applying advanced analytical tools and techniques, we can better understand disease causality and design new drugs based on those learnings. I look forward to building on Valo’s momentum and partnering with the team to deliver more therapeutic breakthroughs for patients.”

Dr. Conde-Knape holds a Ph.D. in Nutritional Biochemistry from the University of Connecticut and has authored numerous publications in different areas of cardiometabolic disease biology and translational research. Prior to her role at Novo Nordisk, she spent several years at Hoffmann-La Roche in the Cardiovascular and Metabolism Discovery and early development areas, responsible for pharmacology teams as well as discovery and biomarker teams. She also led external innovation in Europe and Asia Pacific in Cardiovascular and Metabolism at Johnson & Johnson. Dr. Conde-Knape has been named one of the “Fiercest Women in Life Sciences” by Fierce Pharma, and one of the top 20 women breaking new ground in biopharma R&D by Endpoints News.

About Valo Health:

Valo is redefining drug discovery and development through its AI-enabled human causal biology and closed loop chemistry platforms. Valo uses AI to understand disease causality, identify patient subtypes across heterogeneous diseases, and pinpoint novel drug targets. The company validates targets using proprietary 3D engineered human tissue models that mimic mature human physiology and structure. The Company’s closed loop chemistry platform enables rapid development of potential molecules from trillions of starting points. Valo’s approach aims to identify more impactful drug targets and small molecule therapeutics, faster, and with greater precision than traditional R&D methods. Valo was founded by Flagship Pioneering in 2019. Follow us on LinkedIn and X.

Contacts

Media Contact:
Erin Smith

esmith@valohealth.com