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Tuesday, July 23, 2019

Gilead Releases Data From HIV Cure Research on Vesatolimod, GS-986

Gilead Sciences, Inc. (GILD) on Tuesday released results from a pair of studies conducted as part of its HIV cure research program.
Gilead said 48 people living with HIV on antiretroviral therapy took part in a double-blind, placebo-controlled Phase 1 clinical study of vesatolimod, or GS-9620. Gilead said 36 of the participants were given escalating doses of vesatolimod while the others were given placebo. According to Gilead, “Vesatolimod at higher doses stimulated a range of immune responses.”
“This study demonstrates that vesatolimod can be administered to people living with HIV at doses that may have immune effect and are well-tolerated. The results support studies into the potential role of vesatolimod as part of combination regimens aimed at achieving ART-free control of HIV,” said Sharon A. Riddler, Director of Clinical Research in the Infectious Diseases Division, University of Pittsburgh School of Medicine, and one of the study principal investigators.
The second study saw two rhesus macaques receive oral doses of the GS-986. The study indicated “GS-986 induced immune system activation with observed increases in peripheral plasma cytokines/chemokines and activation of immune cells,” and was well tolerated, Gilead said.
The data were presented at the International AIDS Society Conference on HIV Science in Mexico City.

Jounce up 41% after hours on revised Celgene collaboration

Jounce Therapeutics (NASDAQ:JNCE) is up 41% after hours in reaction to its updated partnership with Celgene (NASDAQ:CELG) under which the latter has in-licensed global rights to JTX-8064, an LILRB2 receptor-targeting monoclonal antibody.
Jounce retains all rights to its other pipeline candidates, including JTX-4014 and vopratelimab and all discovery programs.
The parties have mutually agreed to terminate the original agreement that was signed three years ago that gave Celgene to option to license voratelimab (formerly JTX-2011).
Under the terms of the new deal, Celgene will pay Jounce $50M upfront, up to $480M in milestones and royalties on net sales. Celgene will be responsible for all development and commercialization activities for JTX-8064.

Edwards Lifesciences EPS beats by $0.05, beats on revenue

Edwards Lifesciences (NYSE:EW): Q2 Non-GAAP EPS of $1.38 beats by $0.05; GAAP EPS of $1.14 misses by $0.18.
Revenue of $1.09B (+15.5% Y/Y) beats by $50M.

USANA Health Sciences EPS misses by $0.02, beats on revenue

USANA Health Sciences (NYSE:USNA): Q2 GAAP EPS of $0.91 misses by $0.02.
Revenue of $256.02M (-15.1% Y/Y) beats by $1.36M.

Healthcare Services EPS misses by $0.11, misses on revenue

Healthcare Services (NASDAQ:HCSG): Q2 GAAP EPS of $0.24 misses by $0.11.
Revenue of $462.1M (-7.9% Y/Y) misses by $15.58M.
Shares -0.37%.

UPS adds CVS stores as pickup/return option

UPS (NYSE:UPS) announces the addition of UPS Access Point locations in standalone CVS Pharmacy (NYSE:CVS) locations nationwide.
The company says the service will allow consumers to pick up and return packages.
The collaboration is planned for more than 6K CVS stores.
Source: Press Release

Neogen Corp. (NEOG) Tops Q4 EPS by 1c

Neogen Corp. (NASDAQ: NEOG) reported Q4 EPS of $0.30