Mirati Therapeutics Announces Closing Of Public Offering Of Common Stock And Full Exercise Of Underwriters’ Option To Purchase Additional Shares

On June 27, 2019 Mirati Therapeutics, Inc. (Nasdaq: MRTX) reported the closing of its previously reported underwritten public offering of 2,415,000 shares of its common stock at a public offering price of $97.00 per share (Press release, Mirati, JUN 27, 2019, View Source [SID1234537315]). This includes the exercise in full by the underwriters of their option to purchase up to 315,000 additional shares of common stock. The aggregate gross proceeds to Mirati from this offering were approximately $234.3 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Mirati.

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Cowen, Credit Suisse and Barclays acted as joint book-running managers in the offering. Guggenheim Securities and Oppenheimer & Co. acted as co-lead managers and H.C. Wainwright & Co. acted as co-manager in the offering.

The shares of common stock described above were offered by Mirati pursuant to a shelf registration statement filed by Mirati with the Securities and Exchange Commission ("SEC") that became automatically effective upon filing. A final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC’s website located at View Source Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY,11717, Attn: Prospectus Department, or by telephone: (631) 592-5973, or by emailing [email protected]; from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, 3rd floor, New York, NY 10010, or by telephone: (800) 221-1037, or by emailing [email protected]; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (888) 603-5847, 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.

TriSalus Life Sciences Forms World-Class Scientific Advisory Board to Accelerate Advancement of Strategy to Deliver Therapeutics to Solid Tumors

On June 27, 2019 TriSalus Life Sciences, an oncology company focused on overcoming infusion barriers to improve patient outcomes, reported the creation of a world-class scientific advisory board (SAB) to support advancement of the company’s strategy to deliver therapeutics more effectively into solid tumors (Press release, TriSalus Life Sciences, JUN 27, 2019, View Source [SID1234537314]). The aim of integrating targeted therapeutics and delivery using the company’s proprietary Pressure-Enabled Drug Delivery (PEDD) is to provide therapeutic benefit by overcoming dense tumor stroma, improving the functionality of the poor vasculature, and activating the immune system to target tumor cells in pancreatic and liver cancers.

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The new SAB is composed of preeminent experts across medical, surgical and radiation oncology, and immunology. The SAB will collaborate with TriSalus in all aspects of research, including preclinical, clinical, and commercial evaluation of new therapeutics, and in assessing the combining of PEDD with currently approved cytotoxic and immuno-oncology (I-O) regimens.

"We are deeply gratified to have attracted some of the most renowned thought leaders, healthcare providers, and visionaries in oncology who, like TriSalus, are fully committed to finding and validating more effective treatments for solid tumors," said Mary T. Szela, CEO and president of TriSalus Life Sciences. "The collective clinical and scientific expertise of the SAB members provides a powerful resource to identify more effective methods for treating solid tumors and will help accelerate our efforts to change the outcomes of certain cancers."

In recently presented preclinical and clinical data at the American Association of Immunologists’ annual meeting, targeted regional delivery of chimeric antigen receptor T cell (CAR-T) and checkpoint inhibitors into solid tumors using PEDD significantly increased therapeutic effect compared with low-pressure delivery. Importantly, there was no increase in liver inflammation or toxicity, which are known adverse side effects associated with some systemic treatments.

Scientific Advisory Board Members

Vincent Picozzi, MD

Dr. Picozzi is the director of the Pancreatic Center of Excellence at the Digestive Disease Institute at Seattle’s Virginia Mason Medical Center, and also serves as a practicing physician in Virginia Mason’s division of Hematology-Oncology. Dr. Picozzi has received numerous clinician accolades and directs an active clinical research program. He has published more than 100 papers and abstracts and is a featured speaker at virtually every national clinical oncology meeting. Dr. Picozzi is also chair of the Precision Promise℠ Clinical Trial Consortium while managing one of the largest U.S. pancreaticobiliary oncology practices.

Christopher Crane, MD

Dr. Crane serves as vice chair for the Department of Radiation Oncology at New York’s Memorial Sloan Kettering Cancer Center, where he specializes in gastrointestinal (GI) cancers. Previously, he was program director and chief of the GI section of the Radiation Oncology division at MD Anderson Cancer Center. Dr. Crane leads and conducts clinical trials in GI cancers focused on combining molecular targeted therapies with radiotherapy. In addition, he focuses on the role of radiation dose escalation using novel technologies in the curative treatment of liver and pancreatic cancers, and has helped develop novel technologies to treat GI malignancies, particularly pancreatic cancer.

Philip A. Philip, MD

Dr. Philip is a professor of Oncology, Pharmacology, and Medicine and the Kathryn E. Cramer, MD, Endowed Chair for Cancer Research in the Department of Oncology at the Karmanos Cancer Institute at Wayne State University School of Medicine. He leads the gastrointestinal and neuroendocrine cancers team and is the vice president of Medical Affairs. He also chairs the gastrointestinal cancers committee at the Southwest Oncology Group (SWOG) and sits on the GI Steering Committee that oversees gastrointestinal cancer research nationally. Dr. Philip has been the principal investigator of many Phase I-III trials. He is a frequent national and international lecturer, and has authored more than 200 manuscripts, review articles, and editorials, in addition to co-editing a book on pancreatic cancer and another on GI cancers. Dr. Philip’s major research interest lies in the development of new therapies for GI and neuroendocrine cancers, with a special focus on pancreatic cancer.

Gabriela Plesa, MD, Ph.D.

Dr. Plesa is director of Translational Research Operations and deputy director of the Clinical Cell and Vaccine Production Facility (CVPF) at the University of Pennsylvania. Dr. Plesa has been part of the group led by preeminent immunologist/oncologist Dr. Carl June for 15 years, where she acquired extensive translational research experience largely focused on adoptive immunotherapy with genetically engineered human cells. She has led the effort of opening multiple new investigational cell therapy studies at UPenn, focusing on development of IND-enabling data, clinical approaches, GMP manufacturing processes, and regulatory strategy for launching Phase I and II clinical trials with novel cellular therapeutic approaches. Dr. Plesa is experienced in alliance management as well as federal, university, and regulatory approval requirements for initiating and implementing clinical trials for cellular biologics.

Aravind Arepally, MD

Dr. Arepally is section chief for vascular and interventional radiology at Piedmont Radiology, an affiliate of Piedmont Healthcare. Formerly, he served as clinical director for the Center for Bioengineering Innovation and Design at Johns Hopkins. Dr. Arepally is a co-founder of TriSalus Life Sciences’ predecessor Surefire Medical, Inc. and has coordinated with research labs at Duke University and Johns Hopkins to develop new embolic platforms, including advanced catheter systems for targeted delivery of embolics. He holds multiple patents and has authored more than 150 papers, books, and abstracts. Dr. Arepally was principal investigator of multiple National Institutes of Health (NIH) grants and other grants and is the recipient of numerous national awards for his research in the field of MRI, device development, and embolization applications. He also lectures internationally on minimally invasive procedures.

Steven Katz, MD

Chairman, Scientific Advisory Board

Dr. Katz is director of the Complex Surgical Oncology Fellowship Program and Office of Therapeutic Development at Roger Williams Medical Center. He also serves as associate professor of Surgery at Boston University School of Medicine. A surgeon with expertise in liver and pancreatic surgery, Dr. Katz’s research focuses on immunotherapy for liver metastases and sarcoma. He has served as principal investigator of four Hepatic Immunotherapy for Metastases (HITM) trials testing regional infusion of CAR-T cells for liver metastases, and he also leads the Immunotherapy for Peritoneal Carcinomatosis (IPC) program, investigating CAR-T infusions for stage IV abdominal cancers. In addition, Dr. Katz serves as a reviewer for several scientific and clinical journals and is a member of the Cancer Gene Therapy editorial board, among others.

Vycellix Founders Awarded Innovation Grant by Sweden’s Vinnova to Establish New World-Class Research Environment on Development of Next-Generation Natural Killer Cell-based Cancer Immunotherapy

On June 27, 2019 Vycellix, Inc. reported that the Company, founded by leading medical researchers at Sweden’s world renowned Karolinska Institutet, has been included as a collaborative partner in the new Competence Center for Next-Generation NK Cell-based Cancer Immunotherapy ("NextGen-NK") being established at Karolinska Institutet ("KI"), Stockholm, Sweden (Press release, Vycellix, JUN 27, 2019, View Source [SID1234537313]).

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Vinnova, Sweden’s innovation agency, is making a significant investment in NextGen-NK, where universities and companies together will conduct world-class research and innovation in areas that are important for Sweden while contributing to its global sustainability goals. NextGen-NK has received commitments from a consortium of key opinion leaders and experts from academia and the biotech industry to collectively collaborate with the goal of creating a recognized world-class research environment in the field of natural killer cell-based immunotherapy targeting cancers.

NextGen-NK is scheduled to receive up to approximately $12 million in funding over the next five-years from multiple stakeholders including Vinnova, Karolinska Institutet and its industry partners with the opportunity to apply for extended funding for an additional 5-years at a similar level. NextGen-NK will be led by its Director, Hans-Gustaf Ljunggren, M.D., Ph.D., Professor at the Department of Medicine at KI, former Dean of Research at KI, former Director of the Center for Infectious Medicine at KI, Chief Medical Officer for Vycellix, and member of the Nobel Assembly at KI.

"We are extremely honored, humbled and grateful to Vinnova for recognizing the potential global impact on human health by establishing NextGen-NK," stated Dr. Ljunggren. "We propose to develop a precision-medicine strategy to direct NK cells to their cancer targets and to optimally stimulate NK cell activity in the body. And by assembling leading scientists and clinicians, including those whom have played key roles over the past four decades of NK cell innovation, this collaboration and discovery-network is expected to generate outcomes that go far beyond the capability of any individual partner."

NextGen-NK’s Co-Directors will be: Evren Alici, M.D., Ph.D., Associate Professor at the Department of Medicine at KI, Head of the Gene & Cell Therapy Group at KI, and CEO of Vycellix; and Karl-Johan Malmberg, M.D., Ph.D., Professor at the Department of Cancer Immunology, Institute for Cancer Research, Oslo University Hospital and member of Vycellix’s Scientific Advisory Board.

Veracyte to Release Second Quarter 2019 Financial Results on July 30, 2019

On June 27, 2019 Veracyte, Inc. (Nasdaq: VCYT) reported that it will release its financial results for the second quarter 2019 after the close of market on Tuesday, July 30, 2019 (Press release, Veracyte, JUN 27, 2019, View Source [SID1234537312]). Company management will host a conference call and webcast to discuss its financial results and provide a general business update at 5:00 p.m. Eastern time on the same day.

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The conference call will be webcast live from the company’s website and will be available via the following link: View Source The webcast should be accessed 10 minutes prior to the conference call start time. A replay of the webcast will be available for one year following the conclusion of the live broadcast and will be accessible on the company’s website at View Source

The conference call can be accessed as follows:

U.S./Canada participant dial-in number (toll-free):

(855) 541-0980

International participant dial-in number:

(970) 315-0440

Conference I.D.:

9769085

McKesson Corporation to Announce First Quarter Fiscal 2020 Results on July 31, 2019

On June 27, 2019 McKesson Corporation (NYSE:MCK) reported that its first quarter fiscal 2020 financial results will be released on Wednesday, July 31, 2019 following the close of market (Press release, McKesson, JUN 27, 2019, View Source [SID1234537311]). The company will host a conference call at 5:00 PM Eastern Time (2:00 PM Pacific Time) the same day to discuss the financial results. During this call, the company will also provide an update on fiscal 2020 outlook assumptions following the completion of the Change Healthcare initial public offering.

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A live audio webcast of the conference call will be available on McKesson’s Investor Relations website at View Source, along with the company’s earnings press release, financial tables and slide presentation. The conference call can also be accessed by dialing 323-994-2093. The password is ‘McKesson’.