GRAIL Receives New York State Approval for Galleri Multi-Cancer Early Detection Blood Test

On September 20, 2021 GRAIL, LLC, a healthcare company whose mission is to detect cancer early, reported that the New York State Department of Health (NYSDOH) has approved Galleri, GRAIL’s groundbreaking multi-cancer early detection blood test (Press release, Grail, SEP 20, 2021, View Source [SID1234588028]). With NYSDOH approval, Galleri is now available to residents in the state of New York by prescription to complement existing single cancer screening tests.

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The standard set by New York State represents one of the most rigorous levels of validation required for laboratory developed tests. Clinical laboratories conducting testing on specimens from New York residents also must obtain a clinical laboratory permit. The permit of a clinical laboratory helps ensure the accuracy and reliability of clinical tests.

"We are pleased that healthcare providers in New York can now prescribe Galleri, a first-of-kind blood test that can detect multiple cancers early, when treatment is more likely to be successful," said Dr. Josh Ofman, chief medical officer and head of external affairs at GRAIL. "The approval of the New York State Department of Health marks a significant regulatory milestone for GRAIL and confirms the high standard for validation of our rigorous approach to test development, and the high quality of our clinical laboratory. Most importantly, this approval represents a significant milestone in bringing Galleri to patients and healthcare providers across the U.S., and continued progress toward our mission to detect cancer early, when it can be cured."

The GRAIL laboratory is certified under the Clinical Laboratory Improvement Amendments (CLIA) and accredited by the College of American Pathologists (CAP). Widely recognized as a gold standard for clinical laboratory accreditations, the CAP Laboratory Accreditation Program is designed to ensure laboratories meet stringent requirements and standards of quality, safety, and accuracy.

More than 600,000 people died from cancer last year in the U.S., according to the American Cancer Society. This is in large part because the majority of cancers are found too late when outcomes are often poor. Recommended screening tests save lives, but only cover five cancer types in the U.S.: breast, colon, cervical, prostate, and in high-risk smokers, lung. In fact, 71% of cancer deaths have no recommended early detection screening at all.

About Galleri

The earlier that cancer is detected, the higher the chance of successful outcomes. The Galleri multi-cancer early detection test can detect more than 50 types of cancer through a routine blood draw. When a cancer signal is detected, the Galleri test predicts the cancer signal origin, or where the cancer is located in the body, with high accuracy to help guide the next steps to diagnosis. The Galleri test requires a prescription from a licensed healthcare provider and should be used in addition to recommended cancer screenings such as mammography, colonoscopy, prostate-specific antigen (PSA) test, or cervical cancer screening. It is intended for use in people with an elevated risk of cancer, such as those aged 50 or older.

Imago BioSciences Announces Its Addition to the Russell 2000® Index

On September 20, 2021 Imago BioSciences, Inc. (Imago) (Nasdaq: IMGO), a clinical stage biopharmaceutical company discovering new medicines for the treatment of myeloproliferative neoplasms (MPNs), reported that it will be added to the Russell 2000 Index as part of the planned second quarter IPO additions scheduled to join the Russell US Indexes on September 20, 2021 (Press release, Imago BioSciences, SEP 20, 2021, View Source [SID1234588027]).

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"The inclusion of Imago BioSciences in the Russell 2000 Index marks a notable milestone following our successful IPO in July. As we continue to progress our clinical programs forward for the treatment of myeloproliferative neoplasms, I anticipate the inclusion will bring greater market awareness of our approach to debilitating diseases," said Hugh Young Rienhoff, Jr., M.D., Chief Executive Officer of Imago BioSciences. "We are honored to be a part of the Russell Indexes and I look forward to leveraging our addition to drive additional value to patients and stockholders alike."

The Russell 2000 Index measures the performance of the small-cap segment of the US equity market. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.7 trillion in assets are benchmarked against Russell’s U.S. indexes which are part of FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide.

For more information on the Russell Indexes, please visit the FTSE Russell website at View Source

Cyteir Therapeutics Selected to Join Russell 2000® Index

On September 20, 2021 Cyteir Therapeutics, Inc. ("Cyteir") (Nasdaq: CYT), a company focused on the discovery and development of next-generation synthetically lethal therapies for cancer reported that it was added as a member of the U.S. small-cap Russell 2000 Index, effective after the US market opens on September 20, as part of the 2021 Russell indexes reconstitution (Press release, Cyteir Therapeutics, SEP 20, 2021, View Source [SID1234588026]). Membership in the Russell 2000 Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically added to the appropriate growth and value indexes.

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"We are pleased to be included in the Russell 2000 Index following the successful close of our June IPO. Cyteir is committed to discovering and developing next-generation synthetically lethal therapies for cancer to provide novel treatment options for patients," said Markus Renschler, MD, President and Chief Executive Officer of Cyteir.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

Ranok Therapeutics to Present its CHAMP™ Platform at 19th Annual Discovery on Target Conference

On September 20, 2021 Ranok Therapeutics (Hangzhou) Co. Ltd., an emerging biopharmaceutical company focused on developing breakthrough therapies for cancer and other serious diseases, reported that the company will present at the 19th Annual Discovery on Target conference in Boston, MA, September 27-30, 2021 (Press release, Ranok Therapeutics, SEP 20, 2021, View Source [SID1234588025]).

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Kevin P. Foley, Ph.D., Co-founder and Chief Scientific Officer of Ranok Therapeutics, will present a talk entitled "Tumor-Targeted Protein Degradation via Chaperones", as part of the conference’s PROTACs and Targeted Protein Degradation track.

Ranok has developed a proprietary and innovative targeted protein degradation (TPD) platform technology, CHAMP (Chaperone-mediated Protein Degradation), that leverages Ranok’s founders’ expertise in protein homeostasis to take advantage of the cellular chaperone network, potentially improving drug safety and efficacy due to selective targeting of disease tissues. The Company announced a $40 million Series B financing in August 2021, bringing the total raised to date to over $50 million in funding.

Event: 19th Annual Discovery on Target Conference
Date: Tuesday, September 28, 2021
Time: 9:05 a.m. EDT
Venue: Sheraton Boston, Boston, MA and virtually

In addition, Ranok Therapeutics will be presenting at these upcoming events:

October 15, Sino-American Pharmaceutical Professionals Association (SAPA) China Annual Conference (Suzhou, China)
October 19, Advances in Protein Degradation Webinar Series(virtual)
October 28, 4th Annual Targeted Protein Degradation Summit (virtual)
December 7, The New York Academy of Sciences’ Targeted Protein Degradation: From Drug Discovery to the Clinic Symposium (virtual)

BeiGene Announces Inclusion in FTSE Russell Indices

On September 20, 2021 BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a global biotechnology company focused on developing and commercializing innovative medicines worldwide, reported its inclusion in several FTSE Russell indices, including: the FTSE Global Equity Index Large Cap; the FTSE All-World (LM); the FTSE All-Cap (LMS); and the FTSE Total-Cap (LMSµ). In addition, BeiGene has also been included in the FTSE Developed ESG Low Carbon Select Index, and the FTSE Asia ex Japan ESG Low Carbon Select Index, reflecting the company’s commitment to sustainability (Press release, BeiGene, SEP 20, 2021, View Source [SID1234588024]). The company’s inclusion on the FTSE indices became effective on Friday, September 17, 2021, after U.S. market close.

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FTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98 percent of the investable market globally. According to FTSE Russell, a core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants.

"BeiGene’s inclusion on these indices has the potential to elevate our visibility among the global investment community and diversify our overall investor base," said John V. Oyler, Co-Founder, Chairman and CEO of BeiGene. "Our more than 7,000 colleagues on five continents share a commitment to operating with urgency to change how cancer is treated globally, while operating with the highest integrity."

BeiGene’s environmental, social and governance (ESG) approach centers on its ambition to expand affordable access to treatments for more patients around the world; to provide meaningful growth and development opportunities for its employees; and to operate its business responsibly and sustainably.

Added Christine Riley Miller, Reputation & ESG Lead at BeiGene, "We are determined to not only create world-class therapies for all, but also to do our part in creating a more inclusive, equitable, and sustained world. Our ESG framework reflects our aspiration to increase access and affordability of cancer treatments for all who need them."

More information about BeiGene’s ESG efforts can be found in the company’s inaugural global ESG report.