PerkinElmer Board Declares Quarterly Dividend

On October 22, 2020 The Board of Directors of PerkinElmer, Inc. (NYSE: PKI), declared a regular quarterly dividend of $0.07 per share of common stock October 22, 2020 (Press release, PerkinElmer, OCT 22, 2020, View Source [SID1234570405]). This dividend is payable on February 12, 2021 to all shareholders of record at the close of business on January 22, 2021.

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Adaptimmune to Report Q3 Financial Results and Business Update on Thursday, November 5, 2020

On October 22, 2020 Adaptimmune Therapeutics plc (Nasdaq:ADAP), a leader in cell therapy to treat cancer, reported that it will report financial results and provide a business update for Q3 2020, before the U.S. markets open on Thursday, November 5, 2020 (Press release, Adaptimmune, OCT 22, 2020, View Source [SID1234570104]). Following the announcement, the Company will host a live teleconference and webcast at 8:00 a.m. EST (1:00 p.m. GMT) on the same day (details below).

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The press release and the live webcast of the conference call will be available in the investor section of Adaptimmune’s corporate website at www.adaptimmune.com. An archive will be available after the call at the same address.

To participate in the live conference call, please dial (833) 652-5917 (U.S. or Canada) or +1 (430) 775-1624 (International). After placing the call, please ask to be joined into the Adaptimmune conference call and provide the confirmation code (6183339).

New experimental blood test determines which pancreatic cancers will respond to treatment

On October 22, 2020 Van Andel Institute reported that Scientists have developed a simple, experimental blood test that distinguishes pancreatic cancers that respond to treatment from those that do not (Press release, Van Andel Institute, OCT 22, 2020, View Source;utm_medium=rss&utm_campaign=pancreatic-cancer-stra-test [SID1234568962]). This critical distinction could one day guide therapeutic decisions and spare patients with resistant cancers from undergoing unnecessary treatments with challenging side effects.

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The findings were published today in Clinical Cancer Research, a journal of the American Association for Cancer Research (AACR) (Free AACR Whitepaper).

"Knowing which type of pancreatic cancer a person has is critical to implementing the right treatment strategy for each patient," said Brian Haab, Ph.D., a professor at Van Andel Institute and corresponding author of the study. "We hope that our new test, which detects a marker produced by cancer cells of one subtype and not the other, will one day soon be a powerful tool to help physicians and patients make the best decisions possible."

Pancreatic cancers are among the most challenging malignancies to treat, due in part to their ability to evade detection until they have advanced and spread. Physicians currently have no reliable way to determine whether a patient has a subtype that will respond to existing chemotherapies versus a subtype that is resistant to treatment. The result often is a blanket treatment approach that works in only some but can have side effects in all.

The test detects and measures the levels of a sugar called sTRA, which is produced by a certain subtype of pancreatic cancer and escapes into the blood stream. Pancreatic cancers that produce sTRA tend to not respond to chemotherapy.

The new sTRA test evolved from an earlier test announced in January 2019. In that study, also published in Clinical Cancer Research, Haab and his colleagues described an experimental blood test that combined an existing diagnostic that detected a sugar called CA19-9 with a new test that detected sTRA. The combination approach detected nearly 70% of pancreatic cancers with a less than 5% false-positive rate — roughly 30% more than the CA19-9 alone. Both the 2019 combination test and the new sTRA test are slated to undergo additional clinical validation.

"The 2019 combination test tells us whether there is cancer and the new sTRA test helps us determine what kind of pancreatic cancer, which then could allow physicians to better narrow down the appropriate treatment plan," Haab said. "When used in sequence, we believe the combination test and the new sTRA test could help catch and identify pancreatic cancer more quickly and definitively."

Authors include ChongFeng Gao, Ph.D., Luke Wisniewski, Ying Liu, Ph.D., Ben Staal, Ian Beddows, Ph.D., Johnathan Hall and Daniel Barnett, Ph.D., of VAI; Dennis Plenker, Ph.D., Mirna Kheir Gouda and David A. Tuveson, M.D., Ph.D., of Cold Spring Harbor Laboratory; Mohammed Aldakkak, M.D., Douglas Evans, M.D., FACS, and Susan Tsai, M.D., MHS, of Medical College of Wisconsin; Peter Allen, M.D., of Duke University School of Medicine; Richard Drake, Ph.D., of Medical University of South Carolina; Amer Zureikat, M.D., Aatur Singhi, M.D., Ph.D., and Randall E. Brand, M.D., of University of Pittsburgh Medical Center; and Ying Huang, Ph.D., of Fred Hutchinson Cancer Research Center. VAI’s Optical Imaging Core, Bioinformatics and Biostatistics Core, Genomics Core and Pathology and Biorepository Core also supported this work.

Research reported in this publication was supported by Van Andel Institute; the National Cancer Institute of the National Institutes of Health under award no. U01CA152653 (Haab and Brand) and award no. U01CA226158 (Haab); the Lustgarten Foundation (Tuveson); and the German Research Foundation (Plenker). The content is solely the responsibility of the authors and does not necessarily represent the official views of the granting organizations.

Gland Pharma, Fosun’s Indian Subsidiary, Approved for $814 Million IPO

On October 22, 2020 India’s Gland Pharma, a majority-owned subsidiary of Shanghai Fosun Pharma, reported was approved for an $814 million IPO on India’s Sebi exchange (Press release, GLAND PHARMA LTD, OCT 22, 2020, View Source [SID1234568957]). The Hyderabad-based drug company makes generic injectible drugs for international markets. In 2017, Fosun paid $1.1 billion for a 74% stake in Gland. About $170 million of the IPO will be company shares, while $644 million will go to existing shareholders, a combination of Fosun and long-term investors including the founding family.

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Foghorn Therapeutics Announces Pricing of Initial Public Offering

On October 22, 2020 Foghorn Therapeutics Inc. (Nasdaq: FHTX), a company pioneering the discovery and development of a new class of medicines targeting genetically determined dependencies within the chromatin regulatory system, reported the pricing of its initial public offering of 7,500,000 shares of its common stock at a public offering price of $16.00 per share (Press release, Foghorn Therapeutics, OCT 22, 2020, View Source [SID1234568924]). All of the shares are being offered by Foghorn. In addition, Foghorn has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Foghorn’s common stock is expected to begin trading on The Nasdaq Global Market on October 23, 2020 under the symbol "FHTX."

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The gross proceeds of the offering, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Foghorn, are expected to be approximately $120 million excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on October 27, 2020, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, Morgan Stanley and Cowen are acting as joint book-running managers for the offering, and Wedbush PacGrow is acting as co-manager.

A registration statement relating to the shares being sold in this offering was declared effective by the Securities and Exchange Commission on October 22, 2020. The offering is being made only by means of a prospectus, copies of which may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (833) 297-2926, or by email at [email protected].

This press release shall not constitute an offer to sell or a 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.