Arcus Biosciences Announces New Employment Inducement Grants

first_img Twitter Arcus Biosciences Announces New Employment Inducement Grants Local NewsBusiness By Digital AIM Web Support – February 9, 2021 WhatsApp Facebook Twitter HAYWARD, Calif.–(BUSINESS WIRE)–Feb 9, 2021– Arcus Biosciences, Inc. (NYSE:RCUS), an oncology-focused biopharmaceutical company working to create best-in-class cancer therapies, today announced that the Compensation Committee of the Company’s Board of Directors granted five new employees options to purchase a total of 126,200 shares of the Company’s common stock at an exercise price per share of $41.39, which was the closing price on February 8, 2021. The stock options were granted pursuant to the Company’s 2020 Inducement Plan, which was approved by the Company’s Board of Directors in January 2020 pursuant to the “inducement exception” under NYSE Listed Company Manual Rule 303A.08. About Arcus Biosciences Arcus Biosciences is an oncology-focused biopharmaceutical company leveraging its deep cross-disciplinary expertise to discover highly differentiated therapies and to develop a broad portfolio of novel combinations addressing significant unmet needs. Arcus currently has four molecules in clinical development: Etrumadenant (AB928), the first dual A 2a /A 2b adenosine receptor antagonist to enter the clinic, is being evaluated in multiple Phase 2 and 1b studies across different indications, including prostate, colorectal, non-small cell lung, pancreatic and triple-negative breast cancers. AB680, the first small-molecule CD73 inhibitor to enter the clinic, is in Phase 1/1b development for first-line treatment of metastatic pancreatic cancer in combination with zimberelimab and gemcitabine/nab-paclitaxel. Domvanalimab (AB154), an anti-TIGIT monoclonal antibody and new potential immuno-oncology backbone therapy, is in a three-arm randomized Phase 2 study for first-line treatment of PD-L1-high metastatic non-small cell lung cancer (NSCLC) evaluating zimberelimab monotherapy, domvanalimab with zimberelimab and domvanalimab plus AB928 with zimberelimab. In addition, domvanalimab is advancing into ARC-10, Arcus’s “two in one trial” to support the potential approvals of both zimberelimab and zimberelimab + domvanalimab and a registrational study, in collaboration with AstraZeneca, evaluating the curative-intent stage III NSCLC setting. AB308, an anti-TIGIT antibody that is FcR enabled, is advancing into clinical development to investigate additional indications, with a focus on hematological malignancies. Zimberelimab (AB122), Arcus’s anti-PD-1 monoclonal antibody, was in-licensed to enable the development of Arcus’s combination regimens and is being evaluated in various combinations across the portfolio. For more information about Arcus Biosciences, please visit www.arcusbio.com. Inducement PR Source: Arcus Biosciences View source version on businesswire.com:https://www.businesswire.com/news/home/20210209005848/en/ CONTACT: Katherine Bock VP Investor Relations & Corporate Strategy (510) 694-6231 [email protected] KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH ONCOLOGY SOURCE: Arcus Biosciences, Inc. Copyright Business Wire 2021. PUB: 02/09/2021 04:10 PM/DISC: 02/09/2021 04:11 PM http://www.businesswire.com/news/home/20210209005848/encenter_img Previous articleBlue Jackets C Mikko Koivu retires during 16th NHL seasonNext articlePrimerica Reports Fourth Quarter 2020 Results Digital AIM Web Support TAGS  WhatsApp Facebook Pinterest Pinterestlast_img read more

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Governor Wolf: Dollar General Expansion in Schuylkill to Create 100 Jobs

first_img May 17, 2019 Governor Wolf: Dollar General Expansion in Schuylkill to Create 100 Jobs Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced that Dollar General Corporation has established a new cold storage facility in Schuylkill County. At full capacity, the project is expected to support the creation of 100 new jobs.“Since day one, my administration has been committed to business growth and job creation. Today I’m proud to say that our business climate gets stronger every day,” Governor Wolf said. “We applaud Dollar General for expanding their operation in the commonwealth, and for bringing significant economic investments and jobs to communities in the Schuylkill area.”Dollar General’s expansion in Schuylkill County is part of the company’s new initiative toward a strategic shift to the self-distribution of perishable goods sold in its stores. The cold storage facility is currently distributing to approximately 300 stores in the northeast. The project includes the company’s purchase of a 148,000-square-foot building in Pottsville, which is expected to create 100 new, full-time jobs over the next three years.“Dollar General is excited to expand in Pennsylvania through the collaboration with Governor Wolf and the Pennsylvania Department of Community and Economic Development,” said Mike Kindy, Dollar General’s executive vice president of global supply chain. “As Dollar General embarks on our DG Fresh initiative, we sincerely appreciate the partnership from state and local leaders on this project and look forward to a longstanding presence throughout Pennsylvania.”Dollar General received a funding proposal from the Department of Community and Economic Development, which included $200,000 in job creation tax credits to be distributed upon the creation of new jobs and a $45,000 workforce development grant to help the company train employees. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania. Additional coordination was provided by Schuylkill County Economic Development Corporation (SEDCO).“We are pleased that Dollar General, as a nationally-recognized retailer, has acquired this cold storage facility at the Highridge Business Park joining Wegmans, Wal-Mart, and Tyson Foods in putting food on the table of families in the Northeast marketplace,” said David Snyder, chairman of SEDCO.Today, Dollar General operates a distribution center in Berks County and approximately 745 stores in Pennsylvania, employing more than 6,500 individuals throughout the Keystone State. Founded in 1939, Dollar General operates more than 15,400 stores in 44 states, which provide everyday items including food, snacks, health and beauty aids, cleaning supplies, family apparel, housewares, seasonal items, paper products, and more from trusted brands and products, along with Dollar General’s high-quality private brands. The company’s focus is on small neighborhood stores with carefully-edited merchandise assortments to make shopping simpler.For more information about the Governor’s Action Team or DCED, visit dced.pa.gov.center_img SHARE Email Facebook Twitterlast_img read more

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SWAN crisis: South West chapters vow to abide with NUJ directives

first_imgRelatedPostsNo Content Available Four state chapters of the Sports Writers Association of Nigeria in the South West have dissociated themselves from the purported October 7 elections scheduled to hold in Port Harcourt, Rivers State and Abuja.The News Agency of Nigeria reports that the South West SWAN’s action is in line with a directive by the Nigeria Union of Journalists.In a joint statement signed by Chairmen of Lagos, Ogun, Oyo and Ekiti States on Thursday, the states said the decision was reached after robust deliberations with their Executive Committees and chapter Members.According to the Chairmen, their decision stems from the September 24 directive by the leadership of the NUJ, which indefinitely suspended the upcoming national elections due to internal rancour amongst members over the electoral process.“As professionals with total regard for constituted authorities and rule of law governing journalism, we will not be participating in any election not recognised by NUJ,” Lagos SWAN Chairman, Debo Oshundun, said.Hakeem Akintunde of Ogun said: “We have been directed by the leadership of NUJ to stay away from any elections, so we don’t have any intention of going to Abuja or Port Harcourt for either of the elections.”For Niyi Alebiosu of Oyo State, the South West has nothing against individuals but against the electoral processes.Alebiosu said: “For the sake of peace and future of our noble association, staying away from all electoral matters until issues are resolved is the best route to follow.”The South West Chairmen therefore warned the Africa Zone of the Association of International Sports Press from interfering in the local affairs of SWAN, which falls under the jurisdiction of NUJ.They said: “According to Article 7(a) of the SWAN Statutes which focuses on membership, without being a member of NUJ and not AIPS, full membership of SWAN is not possible based on Article 7 (h)(iii).“We find it unacceptable and an act of double standard that the same National Leadership of SWAN which consulted the NUJ whenever it suited it is now claiming to be independent of the union when it is not favourably disposed to the directives of the NUJ.” Tags: SWAN Crisislast_img read more

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