Alkermes to Take Part in Cantor Virtual Global Healthcare Conference

On September 9, 2020 Alkermes plc (Nasdaq: ALKS) reported that that its Chief Executive Officer, Richard Pops, will participate in a fireside chat at the Cantor Virtual Global Healthcare Conference on Wednesday, Sept. 16, 2020 at 10:40 a.m. ET (3:40 p.m. BST) (Press release, Alkermes, SEP 9, 2020, View Source [SID1234564903]). The webcast may be accessed under the Investors tab on www.alkermes.com and will be archived for 14 days.

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Merck Announces € 59 Million Expansion in Antibody-Drug Conjugate Manufacturing

On September 9, 2020 Merck, a leading science and technology company, reported the € 59 million expansion of its HPAPI and ADC manufacturing capacity at its facilities near Madison, Wisconsin , USA (Press release, Merck & Co, SEP 9, 2020, https://www.prnewswire.com/news-releases/merck-anuncia-a-expansao-de-eur-59-milhoes-na-fabricacao-de-conjugado-de-anticorpo-medicamento-856068008.html [SID1234564902]). The investment will allow for the large-scale manufacture of increasingly potent compounds for therapies with the potential to treat cancer. Completion is scheduled for mid-2022, and about 50 full-time jobs are expected to be created from 2021.

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Merck is expanding its ability to manufacture ADCs, which are an emerging class of drugs created with the highly specific goal of destroying cancer cells while preserving healthy ones.
"ADCs have seen incredible growth in the past decade, and regulatory approval in recent years demonstrates their promise as a targeted therapy," said Andrew Bulpin , director of Process Solutions, Merck’s Life Science business. "With over 35 years of experience in this area, we were pioneers in the development and manufacture of biological products, conjugation processes and small molecules. This investment reinforces our commitment to working with innovators to make new treatments available to patients more quickly and efficient".

Merck ‘s new 6,500 m 2 office building will be one of the largest dedicated HPAPI manufacturing facilities, specifically designed to handle single digit nanogram occupational exposure limit materials. The project is an addition to the company’s Madison campus , which was the first commercial ADC facility in North America designed to handle highly active materials. The new building will join the Merck campus based in St. Louis, Missouri , USA, specializing in bioconjugation for ADC, active pharmaceutical ingredients and the manufacture of excipients and adjuvants.

ADCs are an emerging class of highly specific drugs, created with the goal of destroying cancer cells while preserving healthy ones. Today there are only nine ADCs approved globally. However, the ADC industry is experiencing solid growth and is expected to reach € 13 billion in 2030 1 .

While ADCs can provide many benefits compared to other therapeutic options, they also present a unique set of challenges. Its development is complex, requiring rigorous containment infrastructure, and its structural exceptionality requires knowledge in a series of different technologies for small and large molecules, as well as analytical resources. Due to these challenges, more than 70% of ADC projects are outsourced to organizations specialized in their development and manufacture 2 .

With more than 35 years of experience in the development and manufacture of small molecules, biological products and ADC technologies, Merck offers extensive experience in clinical and commercial manufacturing. The company’s comprehensive service portfolio combines the stages of drug development and production, from pre-clinical to commercial, from a single source. This consolidation helps to reduce risks and streamlines the process of obtaining therapies for patients more quickly.

All Merck communications are distributed by email, in addition to being available on the company’s website. Visit www.merckgroup.com/subscribe to register online, change your options or stop your service.

Mylan to Present at the Morgan Stanley Virtual 18th Annual Global Healthcare Conference

On September 9, 2020 Global pharmaceutical company Mylan N.V. (NASDAQ: MYL) reported that Executive Chairman Robert J. Coury, together with President Rajiv Malik will present at the Morgan Stanley Virtual 18th Annual Global Healthcare Conference on Wednesday, Sep. 16, 2020, at 4:15 p.m. ET. Upjohn’s Group President Michael Goettler and Upjohn’s Chief Financial Officer Sanjeev Narula will also be in attendance (Press release, Mylan, SEP 9, 2020, View Source [SID1234564901]). Coury, Goettler, Malik and Narula will serve as future executive chairman, chief executive officer, president and chief financial officer of Viatris, respectively.

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Interested parties can access a live webcast of the presentation via the investor relations section of Mylan’s website at investor.mylan.com. An archived version also will be available following the live presentation and can be accessed at the same location for a limited time.

Mylan to Present at the BofA Securities Virtual Global Healthcare Conference

On September 9, 2020 Global pharmaceutical company Mylan N.V. (NASDAQ: MYL) reported that Executive Chairman Robert J. Coury, together with President Rajiv Malik will present at the BofA Securities Virtual Global Healthcare Conference on Thursday, Sep. 17, 2020, at 10:05 a.m. ET/ 3:05 p.m. BST (Press release, Mylan, SEP 9, 2020, View Source [SID1234564900]). Upjohn’s Group President Michael Goettler and Upjohn’s Chief Financial Officer Sanjeev Narula will also be in attendance. Coury, Goettler, Malik and Narula will serve as future executive chairman, chief executive officer, president and chief financial officer of Viatris, respectively.

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Interested parties can access a live webcast of the presentation via the investor relations section of Mylan’s website at investor.mylan.com. An archived version also will be available following the live presentation and can be accessed at the same location for a limited time.

Jon DeVries Named Qlarity Imaging Chief Executive Officer

On September 9, 2020 Life science innovator Paragon Biosciences reported the appointment of Jon T. DeVries as the new chief executive officer of its portfolio company, Qlarity Imaging, a leading artificial intelligence (AI) diagnostics company (Press release, Paragon Biosciences, SEP 9, 2020, View Source [SID1234564899]). A proven leader with in-depth expertise in developing and commercializing medical imaging and AI solutions, Mr. DeVries will be responsible for executing Qlarity Imaging’s mission to advance breast cancer diagnosis through AI-driven technology.

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"Paragon serves as a catalyst and advisor to our portfolio companies to accelerate groundbreaking discoveries that help patients in need. With breast cancer remaining the second leading cause of cancer deaths in women, the need for improved care is undeniable," said Jeff Aronin, founder, chairman and chief executive officer of Paragon Biosciences. "Jon’s impressive background, along with his patient-centered approach and outstanding leadership talents, makes him well-suited to be at the helm of Qlarity Imaging as we seek to help patients live longer, healthier lives."

Mr. DeVries has more than 20 years of experience spearheading the creation and release of innovative cloud-based healthcare initiatives that bring advanced services and technologies to providers and researchers, with the ultimate goal of improving patient care. For example, at Massachusetts General Hospital he launched a Tele3D service that provides any hospital in the country access to three-dimensional (3D) image analytics without incurring the substantial cost of cultivating in-house 3D capabilities. While at IBM, he developed technologies that deliver medical images anywhere at anytime, giving providers a complete view of patients and their histories, and he created software that reduces the time and cost of clinical trials. He also developed the first AI offering at IBM Watson Health Imaging that identifies patients with a potential misdiagnosis to ensure they receive the necessary cardiac care.

Mr. DeVries has earned eight patents in the areas of superconducting electronics, medical imaging and AI. He has served on the HIMSS Interoperability & Standards Committee, a collective effort to improve patient care delivery through the advancement of semantic interoperability and standards-based health IT systems.

"Developing the first diagnostic AI technology to be cleared by the U.S. Food and Drug Administration speaks volumes to Qlarity Imaging’s commitment to innovation in improving breast cancer diagnosis," said Mr. DeVries. "Forward thinking is necessary to make bold scientific breakthroughs, and with Paragon’s support, we are poised to deliver better outcomes for the hundreds of thousands of women who are diagnosed with breast cancer each year."

Mr. DeVries has a Bachelor of Science in Physics from Harvey Mudd College and a Master of Business Administration in Finance and Operations from Columbia University-Columbia Business School.