Arena Pharmaceuticals Announces Proposed Public Offering of Common Stock

On May 27, 2020 Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) reported that it intends to offer and sell, in an underwritten public offering and subject to market and other conditions, $250,000,000 of its common stock (Press release, Arena Pharmaceuticals, MAY 27, 2020, View Source [SID1234558584]). All of the shares are being offered by Arena . In addition, Arena intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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BofA Securities, Citigroup and SVB Leerink are acting as the joint book-running managers for the offering. Credit Suisse and Cantor are also acting as book-running managers for the offering. JMP Securities and Needham & Company are acting as co-managers for the offering.

The shares of common stock described above are being offered by Arena pursuant to a shelf registration statement filed by Arena with the Securities and Exchange Commission (SEC) that became automatically effective on February 27, 2020. A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website located at View Source Copies of the preliminary prospectus supplement and the accompanying prospectus related to this offering, when available, may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at [email protected]; or from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; or from SVB Leerink, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808-7525, ext. 6218, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Jazz Pharmaceuticals Announces Participation at Two Upcoming Virtual Investor Conferences

On May 27, 2020 Jazz Pharmaceuticals plc (Nasdaq: JAZZ) reported that the company will webcast its corporate presentations at the following virtual investor conferences (Press release, Jazz Pharmaceuticals, MAY 27, 2020, View Source [SID1234558583]):

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Jefferies Virtual Healthcare Conference on Wednesday, June 3, 2020 at 4:30 p.m. EDT / 9:30 p.m. IST. Bruce Cozadd, chairman and chief executive officer, will provide an overview of the company and a business and financial update.
Goldman Sachs Virtual Healthcare Conference on Wednesday, June 10, 2020 at 11:20 a.m. EDT / 4:20 p.m. IST. Bruce Cozadd, chairman and chief executive officer, will provide an overview of the company and a business and financial update.
A live audio webcast of each presentation may be accessed from the Investors section of the Jazz Pharmaceuticals website at www.jazzpharmaceuticals.com. Please connect to the website prior to the start of each presentation to ensure adequate time for any software downloads that may be necessary to listen to the webcast.

An archive of each webcast will be available for at least one week following each presentation on the Investors section of the company’s website at www.jazzpharmaceuticals.com.

Varian to Participate in Jefferies Virtual Healthcare Conference

On May 27, 2020 Varian (NYSE: VAR) reported that J. Michael Bruff, Chief Financial Officer, Chris Toth, President, Varian Oncology Systems, and Anshul Maheshwari, Vice President, Investor Relations and Treasurer will participate in a virtual fireside chat at the Jefferies Virtual Healthcare Conference, scheduled for 11:00 a.m. Eastern Time on Tuesday, June 2, 2020 (Press release, Varian Medical Systems, MAY 27, 2020, View Source [SID1234558582]).

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Information about the webcast of the company’s presentation will be available through a link on the company website at www.varian.com/investors.

Penumbra, Inc. Announces Pricing of Offering of Common Stock

On May 27, 2020 Penumbra, Inc. (NYSE: PEN), a global healthcare company focused on innovative therapies, reported the pricing of an underwritten public offering of 753,012 shares of its common stock at a price to the public of $166.00 per share (Press release, Penumbra, MAY 27, 2020, View Source [SID1234558581]). All of the shares of common stock to be sold in the offering will be offered by Penumbra. The offering is scheduled to close on June 1, 2020, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 112,951 shares of Penumbra’s common stock at the public offering price, less underwriting discounts and commissions.

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Penumbra intends to use the net proceeds from this offering for general corporate purposes, including working capital, continued development of its products, including research and development and clinical trials, potential acquisitions and other business opportunities.

J.P. Morgan and BofA Securities are acting as joint lead book-running managers for the offering. Canaccord Genuity, Wells Fargo Securities and Citigroup are acting as co-managers for the offering. Perella Weinberg Partners is acting as independent capital markets advisor to Penumbra for the offering.

A registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities has been filed with the Securities and Exchange Commission. The registration statement became effective on February 26, 2020. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus), copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-212-834-4533, or by emailing at [email protected]; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 of these securities under the securities laws of any such state or jurisdiction.

Biodesix Presents Numerous Research Findings at ATS, ASCO, and AACR Virtual Conferences

On May 27, 2020 Biodesix, Inc., a leading diagnostic company in lung disease, recently published three clinical research abstracts, which reported valuable new information regarding treatment of patients in the lung cancer continuum of care (Press release, Biodesix, MAY 27, 2020, View Source [SID1234558580]). The data from these abstracts will be presented as e-posters at the virtual annual meetings of the American Thoracic Society (ATS), American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper), and American Association for Cancer Research (AACR) (Free AACR Whitepaper).

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Abstract #A4465: First Look at the Distribution of Risk of Malignancy Pre and Post-Test Using a Blood-Based Biomarker in Patients with Pulmonary Nodules in a Real-World Observational Study
Published: ATS, American Journal of Respiratory and Critical Care Medicine, May 1
An abstract published by Michael Pritchett, DO, MPH of Pinehurst Medical Clinic reports findings from the ORACLE observational study (NCT03766958), which highlights the use of the Nodify XL2 test. The data suggest that using blood-based biomarkers integrated with clinical risk factors to calculate risk of malignancy for solitary pulmonary nodules may be important in helping guide physicians in determining treatment strategy, including potentially reducing performance of invasive procedures on benign nodules. Dr. Pritchett will present the data in a webinar on June 18.

Abstract #9545: Real-World Performance of Blood-Based Host Immune Profiling in First-line Immunotherapy Treatment in Advanced Stage Non-Small Cell Lung Cancer
Published: ASCO (Free ASCO Whitepaper) Virtual Annual Meeting, Journal of Clinical Oncology, May 13
An abstract published by R. Brian Mitchell, M.D. of Virginia Cancer Institute reports data from the interim analysis of the ongoing INSIGHT clinical study (NCT03289780). The data suggest that blood-based host immune profiling can provide clinically significant information to predict outcomes and guide treatment choices made by physicians for patients with advanced non-small cell lung cancer eligible for immune checkpoint inhibitor therapy. This abstract will be available as an e-poster at ASCO (Free ASCO Whitepaper)’s upcoming annual meeting. Wallace Akerley, M.D. of Huntsman Cancer Institute will present the data in a webinar on June 3.

Abstract # 3101 / 11: Utility of a New Targeted Next Generation Sequencing Test for Liquid Biopsy Samples from Patients with NSCLC
Published: AACR (Free AACR Whitepaper) Virtual Annual Meeting II, May 15
In an abstract published by Hestia Mellert, Ph.D., of Biodesix, data suggest that a newly-developed blood-based next generation sequencing test method supports the usefulness of molecular detection of actionable and emerging biomarkers in a liquid biopsy. The abstract will be available as an e-poster at AACR (Free AACR Whitepaper)’s Virtual Annual Meeting II. Dr. Mellert will present the data from the poster in a webinar on June 25.

"Acceptance of these abstracts, especially at three of the most important events in oncology and pulmonology, is extremely meaningful for Biodesix. It is a testament to the value of our research, and our commitment to delivering actionable results," said Scott Hutton, Chief Executive Officer of Biodesix. "The data presented in these abstracts represent another step for Biodesix in solving complex diagnostic challenges in lung disease, and we’re tremendously proud to share that."