Natera to Participate in Upcoming Investor Conferences

On March 3, 2020 Natera, Inc. (NASDAQ: NTRA), a pioneer and global leader in cell-free DNA testing, reported that it will webcast live presentations at the Cowen and Company 40th Annual Health Care Conference in Boston on Wednesday, March 4, 2020 at 8:20 a.m. PT (11:20 a.m. ET) and at the Barclays Global Healthcare Conference in Miami on Wednesday, March 11, 2020 at 12:20 p.m. PT (3:20 p.m. ET) (Press release, Natera, MAR 3, 2020, View Source [SID1234555151]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Mike Brophy, Chief Financial Officer, will be presenting at both conferences, where he will provide an overview of Natera and discuss recent business activities.

Cowen and Company Health Care Conference Details:

Date:

Wednesday, March 4, 2020

Time:

8:20 a.m. PT (11:20 a.m. ET)

Live Webcast:

http://wsw.com/webcast/cowen57/ntra/

Barclays Global Healthcare Conference Details:

Date:

Wednesday, March 11, 2020

Time:

12:20 p.m. PT (3:20 p.m. ET)

Live Webcast:

https://cc.talkpoint.com/barc002/031020a_js/?entity=47_WGWC0EN

Replays of both webcasts will be archived and available at investor.natera.com.

Spherix Announces Pricing of $7.5 Million Public Offering

On March 3, 2020 Spherix Incorporated (SPEX) ("Spherix" or the "Company"), a technology development company committed to the fostering of innovative ideas, reported that it has priced a public offering of an aggregate of 7,142,858 shares of common stock (or common stock equivalents) of the Company and warrants to purchase up to 7,142,858 shares of common stock. Each share of common stock (or common stock equivalent) is being sold together with one warrant to purchase one share of common stock, at a public offering price of $1.05 per share and accompanying warrant (Press release, Spherix, MAR 3, 2020, View Source [SID1234555150]). The shares of common stock (or common stock equivalents) and the accompanying warrants are being sold together in this offering, but will be issued separately and will be immediately separable upon issuance. The warrants are exercisable immediately and expire five years from the date of issuance. Each warrant has an exercise price of $1.05.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds to Spherix from this offering are expected to be approximately $7.5 million, before deducting the placement agent’s fees and other estimated offering expenses payable by Spherix. This offering is expected to close on or about March 5, 2020, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The offering is being conducted pursuant to the registration statement on Form S-1 (File No. 333-236199), as amended, previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC") on March 3, 2020. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at View Source Electronic copies of the final prospectus relating to this offering, when available, may be obtained by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by email at [email protected] or by telephone at 646-975-6996. Before investing in this offering, interested parties should read in their entirety the registration statement that the Company has filed with the SEC, which provides additional information about the Company and this offering.

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.

Centene Corporation Announces Updated 2020 Guidance

On March 3, 2020 Centene Corporation (NYSE: CNC) reported its updated 2020 financial guidance, incorporating the effect of the closing of the WellCare acquisition on January 23, 2020 (Press release, Centene , MAR 3, 2020, View Source [SID1234555149]). Total revenues are expected to be $104.8 billion to $105.6 billion, and diluted earnings per share are expected to be $3.00 to $3.14. Adjusted diluted earnings per share for 2020 are expected to be $4.56 to $4.76.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

"The Company is well positioned to maintain its momentum in 2020," said Michael Neidorff, Chairman, President and CEO of Centene.

For its 2020 fiscal year, the Company’s guidance is as follows:

Total revenues in the range of approximately $104.8 billion to $105.6 billion.
Diluted earnings per share of approximately $3.00 to $3.14.
Adjusted diluted earnings per share of approximately $4.56 to $4.76.
Health benefits ratio of approximately 85.9% to 86.3%.
Selling, general and administrative (SG&A) expense ratio of approximately 9.3% to 9.7%.
Adjusted SG&A expense ratio of approximately 8.9% to 9.3%, which excludes approximately $385 million of acquisition related expenses.
Effective tax rate of approximately 38.0% to 40.0%, including the effect of the Health Insurer fee.
Diluted shares outstanding of approximately 584.5 million to 587.5 million.
The Company’s guidance includes the following:

A benefit of $0.09 per diluted share as a result of the timing of the WellCare transaction, which closed on January 23, 2020. This includes the effect of the pro-ration of January’s results, substantially offset by the lack of a full year of synergy capture, and the lower share count due to the timing of the acquisition closure.
We received a potential rate decrease from the State of New York on February 6, 2020, which would result in an overall pre-tax net rate reduction of approximately $200 million. While not final, we have begun to develop initiatives to mitigate a portion of the potential rates for 2020. We currently expect $150 million of the adjustment to potentially lower our pre-tax earnings for the year, resulting in a $0.17 reduction to our GAAP and adjusted diluted earnings per share guidance.
Conference Call & Presentation

As previously announced, the Company will host a conference call Wednesday, March 4, 2020, at approximately 8:30 AM (Eastern Time) to review the 2020 financial guidance. Michael Neidorff and Jeffrey Schwaneke will host the conference call.

The Company has also posted slides to its website under the investor relations section as a supplement for the conference call.

Investors and other interested parties are invited to listen to the conference call by dialing 1-877-883-0383 in the U.S. and Canada; +1-412-902-6506 from abroad, including the following Elite Entry Number: 0997408, to expedite caller registration; or via a live, audio webcast on the Company’s website at www.centene.com, under the Investors section.

A webcast replay will be available for on-demand listening shortly after the completion of the call for the next 12 months or until 11:59 p.m. (Eastern Time) on Wednesday, March 3, 2021, at the aforementioned URL. In addition, a digital audio playback will be available until 9 a.m. (Eastern Time) on Thursday, March 12, 2020, by dialing 1-877-344-7529 in the U.S. and Canada, or +1-412-317-0088 from abroad, and entering access code 10139468.

Regeneron Announces Upcoming Investor Conference Presentations

On March 3, 2020 Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) reported that it will webcast management participation as follows (Press release, Regeneron, MAR 3, 2020, View Source [SID1234555148]):

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

J.P. Morgan 2020 Biotech Conference Call Series at 12:00 p.m. ET on Friday, March 6, 2020
Oppenheimer 30th Annual Healthcare Conference at 8:35 a.m. ET on Wednesday, March 18, 2020
The sessions may be accessed from the "Investors & Media" page of Regeneron’s website at View Source Replays of the webcasts will be archived on the Company’s website for at least 30 days.

Innovent Biologics Announces First Patient Dosed in the Pivotal Registrational Trial of Pemigatinib in Patients with Advanced Cholangiocarcinoma in China

On March 3, 2020 Innovent Biologics, Inc. ("Innovent" or "the Company") (HKEX: 01801), a world-class biopharmaceutical company that develops and commercializes high quality medicines for the treatment of cancer, autoimmune, metabolic and other major diseases, reported that the Company achieved first patient dosing in a pivotal Phase 2 registrational trial of pemigatinib (IBI375), a FGFR1/2/3 inhibitor, in China (Press release, Innovent Biologics, MAR 3, 2020, View Source [SID1234555147]). The objective of this study is to evaluate the efficacy and safety of pemigatinib in patients with advanced cholangiocarcinoma with FGFR2 fusions or rearrangements who have progressed from at least one prior systemic therapy in China.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Dr. Jian Zhou, Vice President of Zhongshan Hospital, Fudan University, stated: "The intrahepatic cholangiocarcinomas ("iCCAs") account for approximately 15~20% of all liver tumors with a significant uptrend. Most patients with iCCAs are not amenable to surgical resection with curative intent due to local invasion and metastasis at initial visit. Currently, the chemotherapy of gemcitabine combined with cisplatin is recommended as a first-line treatment for patients with advanced cholangiocarcinoma, with 15~26% overall response rate ("ORR"). Unfortunately, most patients will develop resistance to this chemotherapy, and the effective alternative therapies are limited. A previous study of pemigatinib, a FGFR targeted therapy, in patients with CCA who have FGFR2 fusions or rearrangements demonstrated significant efficacy and safety, with 36% ORR, 7.5 months median duration of response ("DOR"), and 21.1 months preliminary overall survival ("OS"), providing new hope for patients. We anticipate to achieve promising results for the trial of pemigatinib in Chinese patients with advanced cholangiocarcinoma."

Dr. Hui Zhou, Vice President and Head of Oncology Strategy and Medical Sciences of Innovent, stated: "Cholangiocarcinoma, a malignant tumor arising from biliary epithelium cells, has poor prognosis and high unmet treatment needs due to lack of effective treatment. We are glad that the first patient dosing in the Phase 2 clinical trial of pemigatinib has been completed, and the data of the study will be used to support the new drug application ("NDA") for pemigatinib in China. It is an important milestone for pemigatinib to enter the Chinese market and we believe this trial in China will benefit patients with cholangiocarcinoma who have FGFR fusions or rearrangements and provide more treatment options to clinicians."

About Advanced Cholangiocarcinoma and FGFR2 Fusion/Rearrangement

Cholangiocarcinoma is a malignant tumour arising from biliary epithelium cells, and cholangiocarcinomas are categorized as intrahepatic or extrahepatic according to anatomical location. The incidence of cholangiocarcinoma has increased progressively over the past years. Surgical resection remains the mainstay of potentially curative treatment, but only a minority of patients have early stage disease that is amenable to surgical resection with curative intent. Unfortunately, most patients who have undergone a surgical resection will relapse. For patients with advanced or unresectable cholangiocarcinoma, the available systemic therapies are of limited effectiveness: the median overall survival with the current standard-of-care chemotherapy regimen is less than 1 year.

Fibroblast growth factor receptors ("FGFRs") play an important role in tumor cell proliferation and survival, migration and angiogenesis (the formation of new blood vessels). Activating fusions, rearrangements, translocations and gene amplifications in FGFRs are closely correlated with the development of various cancers. Amounts of studies have demonstrated that FGFR2 fusion/rearrangement can lead to the development and/or progression of cholangiocarcinoma, FGFR- targeted therapeutics have produced striking benefits in these patients.

About Pemigatinib

Pemigatinib is a potent, selective, oral inhibitor of FGFR isoforms 1, 2 and 3 which, in preclinical studies, has demonstrated selective pharmacologic activity against cancer cells with FGFR alterations.

In November of 2019, the United States Food and Drug Administration (the "U.S. FDA"), accepted for Priority Review the NDA for pemigatinib, submitted by Incyte Biosciences International Sàrl ("Incyte"), for the treatment of previously treated, locally advanced cholangiocarcinoma with FGFR2 fusions or rearrangements. The Prescription Drug User Fee Act ("PDUFA") target action date is May 30, 2020.

Previously, the U.S. FDA granted pemigatinib Breakthrough Therapy designation for the treatment of previously treated, advanced/metastatic or unresectable FGFR2 translocated cholangiocarcinoma. Additionally, the U.S. FDA granted pemigatinib Orphan Drug designation for the treatment of cholangiocarcinoma, a designation granted to investigational compounds intended for the safe and effective treatment, diagnosis or prevention of rare diseases or disorders that affect fewer than 200,000 people.

In December 2018, Innovent and Incyte entered into a strategic collaboration for three clinical-stage product candidates discovered and developed by Incyte, including pemigatinib (FGFR1/2/3 inhibitor). Under the terms of the agreement, Innovent has received the rights to develop and commercialize the pemigatinib and two other assets in Mainland China, Hong Kong, Macau and Taiwan.