Perrigo Announces Quarterly Dividend

On November 2, 2021 Perrigo Company plc (NYSE; TASE: PRGO), a leading global provider of Quality, Affordable Self-Care Products, reported that its Board of Directors declared a quarterly dividend of $0.24 per share, payable on December 21, 2021 to shareholders of record on December 3, 2021 (Press release, Perrigo Company, NOV 2, 2021, View Source [SID1234594090]).

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PierianDx Closes up to $47.5 Million of Growth Capital

On November 2, 2021 PierianDx, the global leader in clinical genomics knowledge, reported that it closed on $30 million of new growth capital including equity financing and a term loan facility, which includes access to additional tranches for up to $17.5 million by 2022 and 2023, subject to certain conditions (Press release, PierianDx, NOV 2, 2021, View Source [SID1234594089]). The financing was led by healthcare investment firm OrbiMed with existing investors Health Catalyst Capital, Research Triangle Institute, Inova Health Systems, ATW Partners, and SJF Ventures also participating. The new capital will drive commercial expansion in response to increased demand as more healthcare organizations seek to provide high quality, affordable, faster care locally to their patients by internalizing next generation sequencing (NGS) testing capabilities.

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PierianDx partners directly with providers, laboratories, and medical centers of all sizes to build advanced NGS testing capabilities on site using its assay-agnostic, advanced interpretation technology and enabling services. Founded in 2014 as a technology transfer spinout from Washington University in St. Louis, PierianDx has established partnerships with industry leaders and medical facilities around the world as they build or expand upon their advanced precision medicine programs using NGS technology.

"To manifest the full impact of genomics, we must routinely apply it in clinical settings," states Rakesh Nagarajan, Founder, President, and Chief Technical and Visionary Officer of PierianDx." Our interpretation technology and services lead the way by empowering medical facilities to understand a patient’s genetic variation, identify the best treatment options, and deliver the most precise care."

"We are thrilled to work with OrbiMed and our existing investors as they share our vision for decentralized NGS testing that enables our laboratory and physician customers to better serve patients," states Mark McDonough, CEO of PierianDx. "This capital will allow us to continue building a world-class team and deliver transformative solutions to leading healthcare organizations everywhere so that they can bring genomics into their communities."

ALX Oncology Announces Upcoming Virtual Investor Conference Participation

On November 2, 2021 ALX Oncology Holdings Inc., ("ALX Oncology") (Nasdaq: ALXO) a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, reported that Jaume Pons, Ph.D., Founder, President and Chief Executive Officer and other senior executives, will participate in four upcoming virtual investor conferences (Press release, ALX Oncology, NOV 2, 2021, View Source [SID1234594088]).

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Credit Suisse 30th Annual Healthcare Conference
Format: Fireside chat with analyst, Tiago Fauth
Date: Monday, November 8
Time: 2:40 PM Eastern Time
Webcast link: Available here

Stifel 2021 Healthcare Conference
Format: Fireside chat with analyst, Bradley Canino
Date: Tuesday, November 16
Time: 10:00 AM Eastern Time
Webcast link: Available here

Jefferies 2021 London Healthcare Conference
Format: Fireside chat with analyst, Michael Yee
Date: Thursday, November 18 – Friday, November 19
Webcast link: Available here

Piper Sandler 33rd Virtual Healthcare Conference
Format: Fireside chat with analyst, Christopher Raymond
Date: Monday, November 22
Time: 10:00 AM Eastern Time
Webcast link: Will be made available shortly

A webcast of the fireside chats can be accessed by visiting the Investors section of ALX Oncology’s website at www.alxoncology.com and selecting Events under the News and Events tab. A replay of the webcasts will be archived for up to 90 days following the fireside chat dates.

Primmune Therapeutics Provides Update on Phase 1 Healthy Volunteer Study of PRTX007, A First in Class Novel Oral TherAjuvant™

On November 2, 2021 Primmune Therapeutics reported interim results from its Phase 1 study in healthy volunteers with PRTX007, a novel orally-administered, small molecule toll-like receptor 7 (TLR7) specific agonist for acute viral diseases, including SARS-CoV-2, and cancer (Press release, Primmune Therapeutics, NOV 2, 2021, View Source [SID1234594083]). This double blind, placebo-controlled Phase 1 study is evaluating the safety, pharmacokinetics (PK), pharmacodynamics (PD), and tolerability of PRTX007 in single- and multiple-ascending dose cohorts.

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PRTX007 is Primmune’s lead TherAjuvant, a reference to its combination of therapeutic and adjuvant mechanisms of action. PRTX007 is designed to provide immediate benefit to patients through controlled stimulation of the innate immune response while also potentiating long-term effective innate and adaptive immune responses. PRTX007 uniquely engages TLR7 and targeted immune cells without exacerbating inflammation, a critical feature in treating respiratory viral infections. More broadly, PRTX007 and other TherAjuvants differ from therapeutic vaccines in that the source of the antigens presented to the patient’s immune system come from the treated pathology. Additionally, TherAjuvants differ from most small molecule approaches in that they target the patient’s immune system and not tumor cells or virally encoded targets.

"PRTX007 is performing as expected and is echoing the pharmacology, safety and tolerability data that we generated in human peripheral blood mononuclear cells, in primate pharmacology studies and in 2-week rodent and primate GLP safety studies," said James Appleman, Ph.D., Co-founder and Chief Scientific Officer at Primmune Therapeutics. "PRTX007 was derived from Primmune’s extensive TLR7 agonist discovery program and could potentially have utility both in treatment and prophylaxis, serving as a first-line defense against SARS-CoV-2, its mutants, and other future novel pathogens."

The Phase 1 study of PRTX007 has completed the single-ascending dose cohorts with doses ranging from 50 mg – 600 mg. PRTX007 was safe and well tolerated with no dose modifications or treatment discontinuations. In general, systemic drug exposure increased proportionally with PRTX007 dose. The expected pattern of increased expression of interferon stimulated genes (ISGs) and increased levels of specific circulating chemokines and cytokines signaling an induction of innate immunity was observed.

In multiple-ascending dose (MAD) cohorts, initial PK data showed consistency for the 300 mg group and was comparable at day 1 and day 13 exposures. Additional data on subsequent MAD cohorts, induction of ISGs mRNA expression and chemokine/cytokines are expected by the end of 2021.

"PRTX007 has thus far demonstrated a benign safety and tolerability profile with increasing dose-dependent exposure; building our confidence as we rapidly advance towards clinical trials for acute viral diseases and cancer," Curtis Scribner, M.D., Chief Medical Officer at Primmune Therapeutics.

Sutro Biopharma to Participate in Three Upcoming Investor Conferences

On November 2, 2021 Sutro Biopharma, Inc. (NASDAQ: STRO), a clinical-stage drug discovery, development and manufacturing company focused on the application of precise protein engineering and rational design to create next-generation cancer and autoimmune therapeutics, reported that Chief Executive Officer, Bill Newell, will participate in three upcoming virtual investor conferences (Press release, Sutro Biopharma, NOV 2, 2021, View Source [SID1234594082]).

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Presentation Details
Credit Suisse 30th Annual Healthcare Conference
Format: Virtual Presentation
Date: Wednesday, Nov. 10, 2021
Time: 4:20 p.m. EST / 1:20 p.m. PST

Stifel Virtual Healthcare Conference
Format: Virtual Presentation
Date: Monday, Nov. 15, 2021
Time: 1:20 p.m. EST / 10:20 a.m. PST

Jefferies London Healthcare Conference
Format: Pre-recorded Fireside Chat
Date: Thursday, Nov. 18, 2021
Time: 3:00 a.m. EST / 12:00 a.m. PST / 8:00 a.m. GMT

Live webcasts of each presentation can be accessed through the Events and Presentations page of the Investor Relations section on the company’s website at www.sutrobio.com. Archived replays of the webcasts will be available on the company’s website for approximately 30 days following each live presentation.