Daily Archives: September 26, 2016

Head of Saudi Aramco: oil will continue over the coming years to meet the demand for energy, its central position will remain strong

Head of Saudi Aramco: oil will continue over the coming years to meet the demand for energy, its central position will remain strong

Monday 1437/12/24 – 2016/09/26

Dhahran, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA — Head of Saudi Aramco Amin bin Hassan Nasser stated that oil and gas will continue meeting the demand for energy in the coming years.
He made the remarks in a speech during his participation in a conference held in Dubai during the period from 24 to 26 September.
He said that the central position of oil will remain strong and spoke in length about the future of oil exploration and production.
–SPA
00:02 LOCAL TIME 21:02 GMT

Foton Super Trucks Launched Globally during IAA 2016

HANNOVER, Germany, Sept. 26, 2016 /PRNewswire/ — At 5:00 PM September 22, 2016 German Time Foton joined hands with members of the “China Intelligent Connected Super Truck Alliance (CICSA)” such as Daimler, Cummins, ZF and Continental AG to deliver Foton Super Trucks Global Launch Ceremony during IAA 2016 in Hannover.

Mr. Gong Yueqiong, EVP of Foton Motor Group; Mr. Zhou Liang, CEO of Foton Daimler Automotive; Mr. Brett Merritt, Executive Director of On-highway Business, Engine Business Unit, Cummins; Mr. Joachim Holzner, Senior VP of Commercial Vehicles, ZF; Mr. Michael. J. Ruf, President of Commercial Vehicles, Continental AG; and other members of CICSA witnessed and started the global launch ceremony of Foton Super Trucks, including AUMANEST heavy-duty truck, AUMARKS medium and light-duty truck.

http://photos.prnasia.com/prnh/20160926/0861610009-a

Foton CICSA members start Foton Super Trucks Global Launch Ceremony

As global environmental problems have become increasingly prominent, efficient and clean professional logistics have become particularly important. Foton Super Trucks are environmentally-friendly, high-efficiency, energy-conserving, safe and secure super trucks built by Foton in association with Daimler and Cummins with the global wisdom of CICSA. In the future, fuel consumption will be reduced by 30% (or fuel will be replaced by electricity), carbon emission will be reduced by 30% (or to zero) and freight efficiency will be improved by 70%. Foton AUMAN EST will target punctual, high-efficiency, long-distance and high-added-value freight logistics customers across the world, while Foton Aumark Series will target the global high-end urban logistics market.

In June 2016, Foton Motor Group built an intelligent connected super truck alliance comprising world-famous enterprises like Foton, ZF, Cummins, COSCO Logistics, CEVA Logistics, Faurecia, WABCO, Continental Electronics and TUV Rheinland, covering fields such as automotive manufacturing, power system, logistics transportation, electronics & electrical appliances, smart logistics and Internet. Compared to the previous combination of “Foton, Benz Daimler and Cummins”, the alliance further extended in depth and width by absorbing more Internet and smart logistics enterprises”.

CICSA’s representative Mr. Michael. J. Ruf, President of Commercial Vehicles, Continental, said, “As a member of CISCA, Continental has provided professional wisdom for the R&D of Foton Super Trucks in Europe over the past four years in such aspects as safety electronic equipment, intelligent communication equipment, EBS, braking system, chassis system and body electronic system.”

Mr. Michael. J. Ruf, President of Commercial Vehicles, Continental, delivers a speech at Foton Super Trucks Global Launch Ceremony

http://photos.prnasia.com/prnh/20160926/0861610009-b

“Foton Super Trucks project is a project of great significance. We are pleased to join world-famous enterprises in contributing our wisdom to this important product. We will deliver professional drivelines and chassis technology to Foton Super Trucks to reduce their fuel consumption and carbon emission,” said Mr. Joachim Holzner, Senior VP of Commercial Vehicles, ZF.

http://photos.prnasia.com/prnh/20160926/0861610009-c

Mr. Joachim Holzner, Senior VP of Commercial Vehicles, ZF, delivers a speech at Foton Super Trucks Global Launch Ceremony.

“Foton is an important partner of Cummins in the world and Cummins is a major member of the US Super Truck Program. We provided leading engine technology support for Foton Super Trucks, which will be a huge advantage of Foton Motor Group,” said Brett Merritt, Executive Director of On-highway Business, Engine Business Unit, Cummins, in an interview.

Mr. Brett Merritt, Executive Director of On-highway Business, Engine Business Unit, Cummins, says in an interview

http://photos.prnasia.com/prnh/20160926/0861610009-d

The launch of Foton Super Trucks indicates that Foton has made a valuable commitment to “delivering Intelligent connected logistics solutions to global customers”. This will speed up the advent of the global era of super trucks.

Under patronage of Custodian of the Two Holy Mosques : 31st National Festival for Heritage and Culture to be held on 04/05/1438 AH

Riyadh, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA — Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and his approval to hold the events of the 31st National Festival for Heritage and Culture, the royal approval was issued to hold the events of the festival 1438 – 2017, on Wednesday, 04/05/1438 AH corresponding to 01/02/2017, with the participation of the Governorates of the regions, Gulf Cooperation Council (GCC) for Arab States, governmental and private bodies and the participation of the Arab Republic of Egypt (the state guest of honor of the Festival).
On this occasion, the Ministry of National Guard, the representative of the Festival, expressed its honor and happiness to meet the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and his companions, pointing out the Ministry has been preparing for the Festival early, where Prince Miteb bin Abdullah bin Abdulaziz, Minister of National Guard, Chairman of Supreme Committee for the Festival directed to prepare for this occasion by forming committees and workshops.
— SPA
16:09 LOCAL TIME 13:09 GMT

Turkish markets hit by Moody's rating downgrade

Turkish markets hit by Moody’s rating downgrade

الاثنين 1437/12/24 هـ الموافق 2016/09/26 م واس

LONDON, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA — Turkey’s stock markets and currency have fallen sharply after the country’s credit rating was downgraded into junk status by Moody’s, AP reported.
The Istanbul 100 stock index is down 3.9 percent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is up 0.7 percent at 2.9874 lira.
The selling is largely due to Moody’s statement after the market close on Friday that it was cutting its rating on Turkish debt to Ba1 from Baa3.
–SPA
14:54 LOCAL TIME 11:54 GMT

Saudi Food and Drug Authority bans import of poultry meat and eggs from Togo

Saudi Food and Drug Authority bans import of poultry meat and eggs from Togo

الاثنين 1437/12/24 هـ الموافق 2016/09/26 م واس

Riyadh, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA — Saudi Food and Drug Authority has imposed a temporary ban on the import of poultry meat, eggs and their products and equipment from Maritime area in the Republic of Togo because of the spread of bird flu of high virulence.
The Authority said in a statement on its website www.sfda.gov.sa, that this procedure was based on the immediate notification report issued by World Organization for Animal Health which states the appearance of focus of the bird flu of high virulence of the strain (H5N1) in that area.
The Authority excluded from the temporary ban poultry meat, eggs and their products treated thermally or in any other way capable of eradicating the bird flu virus.
— SPA
14:41 LOCAL TIME 11:41 GMT

Chinese stocks close below 3,000-mark after period of stability

Beijing, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA — Chinese shares fell below the symbolic 3,000-point
mark on Monday, following months of greater stability and steady
economic growth, according to dpa.
The benchmark Shanghai Composite Index was down 1.76 per cent to close at 2,980.43 points.
The Shenzhen Component Index lost 2.05 per cent by the end of trade, while the ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, dropped 1.52 per cent.
Newly listed shares which had made strong gains in recent weeks led the fall as investors sold them off at a profit, according to the official Xinhua news agency.
China’s economy grew 6.9 per cent in 2015, according to official figures, marking the slowest growth in more than a quarter of a century.
–SPA
14:26 LOCAL TIME 11:26 GMT

Idera Pharmaceuticals Reports Promising Data from Ongoing Phase 1 Dose Escalation in Clinical Trial of Intra-tumoral IMO-2125 in Combination with Ipilimumab in Patients with PD-1 Refractory Metastatic Melanoma

– 3 Patients with PD-1 Refractory Cutaneous Melanoma are Responders Including One Complete Response (CR) –

– Driven by Increased Prioritization of IMO-2125 Clinical Development, Company Suspends Development of IMO-8400 for B-Cell Lymphomas –

CAMBRIDGE, Mass. and EXTON, Pa., Sept. 26, 2016 (GLOBE NEWSWIRE) — Idera Pharmaceuticals, Inc. (NASDAQ:IDRA), a clinical-stage biopharmaceutical company developing Toll-like receptor and RNA therapeutics for patients with cancer and rare diseases, is reporting initial clinical data from its ongoing Phase 1/2 clinical trial of intra-tumoral IMO-2125, a Toll-like receptor (TLR) 9 agonist.  In this arm of the Phase 1 portion of the trial, IMO-2125 is being evaluated in combination with ipilimumab for treatment of patients with metastatic melanoma who have failed prior PD-1 therapy.  These early results indicate that IMO-2125 is demonstrating promising clinical activity and is being well tolerated in a patient population with minimal options and low expectation of clinical response with ipilimumab treatment alone.  Further clinical information from the ongoing dose escalation portion of the trial, as well as detailed information on the translational results, will be presented during an oral session at the 2016 Society for Immunotherapy of Cancer Annual Meeting beginning November 9th in Maryland.

“We have completed extensive pre-clinical work in a broad scope of tumor types to test the hypothesis of intra-tumoral administration of IMO-2125 inducing a meaningful effect on the tumor microenvironment and potentiating local and systemic tumor regression in patients.  This work gave us confidence to test the ability of IMO-2125, beginning with this current study in PD-1 refractory metastatic melanoma patients,” stated Vincent Milano, Idera’s Chief Executive Officer.

“We are energized by the early results from this ongoing trial and have been solidifying our plans to accelerate the program as we believe there is a clear path to bring IMO-2125 to melanoma patients who have not benefited from checkpoint inhibition alone and open an opportunity to establish IMO-2125 as the agent of choice to activate the tumor microenvironment and potentially improve outcomes for patients,”  Milano added. “Following a full strategic review, we have decided to prioritize the IMO-2125 program and explore strategic options for IMO-8400 in B-cell lymphoma.”

Current Data Analysis

Safety

  • 10 patients in 3 dosing cohorts (4mg, 8mg and 16mg) have been dosed and are assessable for safety, as of the September 19, 2016 cutoff date;
  • IMO-2125 in combination with ipilimumab is being generally well tolerated at all 3 dose levels studied to date;
  • Immune related adverse events have been observed in 3 subjects: 2 responding patients have experienced hypophysitis and 1 patient has discontinued the study due to a recurrence of immune related hepatitis previously observed on prior therapy with ipilimumab;
  • No dose limiting toxicities (DLTs) have been identified to date and the study is currently enrolling at the highest (32mg) dosing cohort in combination with ipilimumab.

Clinical activity

  • 6 patients treated in the first 2 dosing cohorts (4mg and 8mg) are assessable for initial clinical activity, as of the September 19, 2016 cutoff date;
  • 3 of the 4 patients with cutaneous melanoma are responders with one Complete Response (CR) and 2 Partial Responses (PR);
  • 2 patients with mucosal melanoma experienced Progressive Disease (PD).

Translational observations

  • Translational data seen through the first two dosing cohorts is promising relative to the induction of immune responses;
  • Detailed information on the translational findings from biopsies taken in the first 2 dosing cohorts and the relationship of these to clinical response is the subject of an accepted oral presentation on November 11, 2016 at the 2016 Society for Immunotherapy of Cancer (SITC) Annual Meeting by Cara Haymaker, Ph.D., University of Texas, MD Anderson Cancer Center.

“The degree of activity we’ve seen so far in this trial is very exciting as these patients are very unlikely to respond to other therapies.  All three responses that we’ve seen are clinically meaningful, and these patients continue to do well following treatment,” stated Adi Diab, M.D., Assistant Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine, University of Texas, MD Anderson Cancer Center.

These early results are from the Phase 1 portion of study IMO-2125-204 (NCT02644967) in which cohorts of patients with metastatic melanoma unresponsive to PD-1 inhibitor therapy are being administered escalating doses of IMO-2125 ranging from 4 mg/kg through 32 mg/kg. IMO-2125 is injected intra-tumorally into a designated tumor lesion together with a standard dosing regimen of ipilimumab given intravenously. Following determination of the recommended Phase 2 dose (RP2D) additional patients will be treated in an expansion Phase 2 portion of the study. The primary objective of the Phase 1 portion of the trial is to characterize the safety and determine a RP2D of IMO-2125 when administered intra-tumorally in combination with ipilimumab.  The primary objective of the Phase 2 portion is to assess the clinical activity of IMO-2125 in combination with ipilimumab at the respective RP2D in patients.  Assessment will be based on the immune-related response criteria (irRC) and additionally the traditional RECIST criteria.  Serial biopsies are being taken of selected injected and non-injected tumor lesions to assess immune changes and correlate with clinical response assessments.  The trial will enroll approximately 60 patients.  The study is being conducted at The University of Texas MD Anderson Cancer Center and is being led by Adi Diab, M.D., Assistant Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine, MD Anderson as part of a strategic research alliance announced by Idera and MD Anderson in 2015.

Business Update
Idera is also reporting that the company has chosen to suspend the clinical development of IMO-8400 for B-cell lymphomas, including studies in Waldenstroms Macroglobulinemia (WM) and Diffuse Large B-Cell Lymphoma (DLBCL), and will explore strategic options in these indications.  This decision was based upon the prioritization of the clinical development plans for IMO-2125 and our assessment that the level of clinical activity seen in the WM trial does not support monotherapy, the very slow enrollment rate in DLBCL and our commercial assessment.  No safety concerns have been observed with IMO-8400 in the B-cell Lymphoma program. The development of IMO-8400 in dermatomyositis continues and is not impacted by this decision.

Investor Event and Webcast
Idera will host a conference call and live webcast on Monday, September 26 at 9:00 A.M. EST to review the data being presented along with a discussion of the next steps for the IMO-2125 development program in melanoma.  To participate in the conference call, please dial (844) 882-7837 (domestic) and (574) 990-9824 (international).  The webcast can be accessed live or in archived form in the “Investor’s” section of the company’s website at www.iderapharma.com.  The company has also posted a slide presentation to the Idera corporate website in the “Investors” section which will be referenced during the conference call.  Additionally the company has updated its corporate presentation which has also been posted to the Idera corporate website in the “Investors” section.

About Toll-like Receptors and Idera’s Immuno-Oncology Research Program
Toll-like receptors (TLRs) play a central role in the innate immune system, the body’s first line of defense against invading pathogens, as well as damaged or dysfunctional cells including cancer cells. The innate immune system is also involved in activating the adaptive immune system, which marshals highly specific immune responses to target pathogens or tissue. Cancer cells may exploit regulatory checkpoint pathways to avoid being recognized by the immune system, thereby shielding the tumor from immune attack. Checkpoint inhibitors such as agents targeting CTLA4 or programmed cell death protein 1 (PD1) are designed to enable the immune system to recognize tumor cells. In this setting, intra-tumoral TLR9 agonist administration may increase the tumor-infiltrating lymphocytes (TILs), and thereby potentiate anti-cancer activity of checkpoint inhibitors in the injected tumor as well as systemically.

Idera’s TLR9 agonist, IMO-2125 has been created using the company’s proprietary chemistry-based discovery platform.  IMO-2125 has been shown to activate dendritic cells and induce interferon. Idera selected IMO-2125 to advance into clinical development in combination with checkpoint inhibitors based on this immunological profile.  In previously completed clinical trials, subcutaneous administration of IMO-2125 was generally well tolerated in about 80 patients with hepatitis C.  Idera has conducted further preclinical research evaluating the potential of IMO-2125 to enhance the anti-tumor activity of other checkpoint inhibitors in cancer immunotherapy with data being presented at several medical conferences during the past twelve months.  The posters from these presentations can be found at http://www.iderapharma.com/our-approach/key-publications.

About Metastatic Melanoma
Melanoma is a type of skin cancer that begins in a type of skin cell called melanocytes.  As is the case in many forms of cancer, melanoma becomes more difficult to treat once the disease has spread beyond the skin to other parts of the body such as by through the lymphatic system (metastatic disease).  Melanoma accounts for only one percent of skin cancer cases, but causes a large majority of skin cancer deaths.  The American Cancer Society estimates that in 2016, there will be 76,380 new cases of melanoma in the U.S., and about 10,130 will die of this disease.

About Idera Pharmaceuticals           
Idera Pharmaceuticals is a clinical-stage biopharmaceutical company developing novel nucleic acid-based therapies for the treatment of certain cancers and rare diseases. Idera’s proprietary technology involves using a TLR-targeting technology, to design synthetic oligonucleotide-based drug candidates to act by modulating the activity of specific TLRs. In addition to its TLR programs, Idera has created a third generation antisense technology platform using its proprietary technology to inhibit the production of disease-associated proteins by targeting RNA. To learn more about Idera, visit www.iderapharma.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding the Company’s strategy, future operations, collaborations, intellectual property, cash resources, financial position, future revenues, projected costs, prospects, plans, and objectives of management, are forward-looking statements. The words “believes,” “anticipates,” “estimates,” “plans,” “expects,” “intends,” “may,” “could,” “should,” “potential,” “likely,” “projects,” “continue,” “will,” and “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Idera cannot guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. There are a number of important factors that could cause Idera’s actual results to differ materially from those indicated or implied by its forward-looking statements. Factors that may cause such a difference include: whether interim results from a clinical trial, such as the preliminary results reported in this release, will be predictive of the final results of the trial, whether results obtained in preclinical studies and clinical trials such as the preclinical data described in this release will be indicative of the results that will be generated in future clinical trials, including in clinical trials in different disease indications; whether products based on Idera’s technology will advance into or through the clinical trial process on a timely basis or at all and receive approval from the United States Food and Drug Administration or equivalent foreign regulatory agencies; whether, if the Company’s products receive approval, they will be successfully distributed and marketed; and such other important factors as are set forth under the caption “Risk Factors” in the Company’s Annual Report and on Form 10-Q for the period ended June 30, 2016. Although Idera may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor and Media Contact
Robert Doody
Vice President, Investor Relations and Corporate Communications
Office: 617-679-5515
Mobile: 484‐639‐7235
rdoody@iderapharma.com