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I smell dilution..
Late fillings and suspicion of fraud accounting.
Exelixis Announces Results from the COMET-2 Pivotal Phase 3 Trial of Cabozantinib in Men With Metastatic Castration-Resistant Prostate Cancer
SOUTH SAN FRANCISCO, CA, USA I December 1, 2014 I Exelixis, Inc. (NASDAQ:EXEL) today announced top-line results from the final analysis of COMET-2, a randomized, double-blind, controlled trial of cabozantinib in men with metastatic castration-resistant prostate cancer (mCRPC) who are suffering from moderate to severe pain despite optimized narcotic medication, and whose disease has progressed following treatment with docetaxel as well as abiraterone and/or enzalutamide. The trial did not meet its primary endpoint of alleviation of bone pain, as determined by comparing the percentage of patients in the two treatment arms who achieved a pain response at Week 6 that was confirmed at Week 12 without increase in narcotic medication. Fifteen percent of patients in the cabozantinib arm reported a pain response, compared to 17 percent of patients in the control arm receiving mitoxantrone/ prednisone. The difference in pain response between the arms was not statistically significant. The safety profile of cabozantinib in the trial was consistent with that observed in previous studies in mCRPC.
“Following the COMET-1 top-line results announced in September, we deprioritized the cabozantinib development program in mCRPC; at that time, we also initiated a significant workforce reduction in order to focus our development efforts and financial resources on the pivotal phase 3 studies of cabozantinib in metastatic renal cell carcinoma (RCC) and advanced hepatocellular carcinoma (HCC),” said Michael Morrissey, Ph.D., president and chief executive officer of Exelixis. “With target enrollment in the METEOR study in RCC recently achieved, we anticipate top-line results in the second quarter of 2015. We also look forward to Roche and Genentech’s continued regulatory progress with cobimetinib for metastatic melanoma. The EU review is underway and the U.S. filing is expected before year-end, which could ultimately lead to our opportunity to co-promote cobimetinib in the U.S. if it is approved for this indication.”
Exelixis will submit the results from the COMET program for potential presentation at a future medical meeting.
About the COMET-2 Trial
COMET-2, the second phase 3 study from the COMET program, was a randomized, double-blind, controlled trial designed to enroll patients with CRPC that is metastatic to the bone, who were suffering from moderate to severe pain despite optimized narcotic medication, and whose disease had progressed following treatment with docetaxel as well as abiraterone and/or enzalutamide. One hundred and nineteen of the planned 246 patients were randomized 1:1 to receive either cabozantinib or mitoxantrone/prednisone. The primary endpoint was alleviation of bone pain, as determined by comparing the percentage of patients in the two treatment arms who achieve a pain response -- a greater than or equal to 30% decrease from baseline in the average of daily worst pain intensity according to the BPI collected over seven days -- at Week 6 that is confirmed at Week 12 without increase in narcotic medication. Secondary endpoints were bone scan response and overall survival, and other endpoints include PFS, safety, and evaluation of bone biomarkers and circulating tumor cells.
About Cabozantinib
Cabozantinib inhibits the activity of tyrosine kinases including MET, VEGFRs and RET. These receptor tyrosine kinases are involved in both normal cellular function and in pathologic processes such as oncogenesis, metastasis, tumor angiogenesis, and maintenance of the tumor microenvironment.
COMETRIQ® (cabozantinib) is currently approved by the U.S. Food and Drug Administration for the treatment of progressive, metastatic medullary thyroid cancer (MTC).
The European Commission granted COMETRIQ conditional approval for the treatment of adult patients with progressive, unresectable locally advanced or metastatic MTC. Similar to another drug approved in this setting, the approved indication states that for patients in whom Rearranged during Transfection (RET) mutation status is not known or is negative, a possible lower benefit should be taken into account before individual treatment decisions.
Important Safety Information, including Boxed WARNINGS
WARNING: PERFORATIONS AND FISTULAS, and HEMORRHAGE
Serious and sometimes fatal gastrointestinal perforations and fistulas occur in COMETRIQ-treated patients.
Severe and sometimes fatal hemorrhage occurs in COMETRIQ-treated patients.
COMETRIQ treatment results in an increase in thrombotic events, such as heart attacks.
Wound complications have been reported with COMETRIQ.
COMETRIQ treatment results in an increase in hypertension.
Osteonecrosis of the jaw has been observed in COMETRIQ-treated patients.
Palmar-Plantar Erythrodysesthesia Syndrome (PPES) occurs in patients treated with COMETRIQ.
The kidneys can be adversely affected by COMETRIQ. Proteinuria and nephrotic syndrome have been reported in patients receiving COMETRIQ.
Reversible Posterior Leukoencephalopathy Syndrome has been observed with COMETRIQ.
Avoid administration of COMETRIQ with agents that are strong CYP3A4 inducers or inhibitors.
COMETRIQ is not recommended for use in patients with moderate or severe hepatic impairment.
COMETRIQ can cause fetal harm when administered to a pregnant woman.
Adverse Reactions – The most commonly reported adverse drug reactions (=25%) are diarrhea, stomatitis, palmar-plantar erythrodysesthesia syndrome (PPES), decreased weight, decreased appetite, nausea, fatigue, oral pain, hair color changes, dysgeusia, hypertension, abdominal pain, and constipation. The most common laboratory abnormalities (=25%) are increased AST, increased ALT, lymphopenia, increased alkaline phosphatase, hypocalcemia, neutropenia, thrombocytopenia, hypophosphatemia, and hyperbilirubinemia.
Please see full U.S. prescribing information, including Boxed WARNINGS, at www.COMETRIQ.com/downloads/Cometriq_Full_Prescribing_Information.pdf. Please refer to the full European Summary of Product Characteristics for full European Union prescribing information, including contraindication, special warnings and precautions for use at www.sobi.com once posted.
About Exelixis
Exelixis, Inc. is a biopharmaceutical company committed to developing small molecule therapies for the treatment of cancer. Exelixis is focusing its development and commercialization efforts primarily on COMETRIQ® (cabozantinib), its wholly-owned inhibitor of multiple receptor tyrosine kinases. Another Exelixis-discovered compound, cobimetinib, a highly selective inhibitor of MEK, is being evaluated by Roche and Genentech (a member of the Roche Group) in a broad development program under a collaboration with Exelixis. For more information, please visit the company's web site at www.exelixis.com.
NEWS M Line Holdings, Inc. Reaches Two More Milestones
Financing Terms Agreed for the Acquisition of Blue Star and an Agreement in-Principle with a New Lender to Significantly Reduce the Amount due our Primary Lender.
Anaheim, CA / ACCESSWIRE / November 20, 2014 / M Line Holdings, Inc. (OTC Pink: MLHC "M Line" or the "Company"), is pleased to announce that it has finalized the financing for the acquisition of Blue Star Machinery. Although the purchase price was agreed as 3,330,000 shares of M line stock (based on a 10 cents market value) M Line also agreed to pay off all the debt secured by inventory and fixed assets and to provide working capital. These funds have now been secured. M Line expects to close on or before December 31, 2014.
Furthermore M Line has agreed terms in principle to refinance a significant portion of its primary lenders debt. This refinancing plus a new ABL credit facility on which M Line is still concluding is expected to be finalized before calendar year end. This will then clear the indebtedness obligation to our primary lender. Concurrently
the Company is putting significant resources to make sure our audit of our 10-K and 10-Q are completed as soon as possible.
Bruce Barren, CEO of M Line, commented: "These two milestones will have a significant effect on management's primary focus: the expansion of revenue and EBITDA through strategic acquisitions and the reduction of our capital cost. Both will have a positive effect on shareholder value and put us in a position to move forward with our growth plans for the Company. Our philosophy is to WIN. The Blue Star acquisition is only the first step to accelerate revenue and EBITDA by some $9 million and $1.5 million respectively. More acquisitions are targeted and we have already announced the second one which is on course to further expand our corporate values."
Tony Anish, COO of M Line, stated: "The final documents for the acquisition of Blue Star are close to being completed so the commitment for funding from our investment banking relationship (per our press release in ) is timely and will mean we can very shortly concentrate on closing The Byran Company, Inc the second acquisition previously announced. We are determined to accelerate revenue and EBITDA expansion so that we can gain a better interpretation in the market place of our corporate capabilities and performance. Our objectives continue to be capitalized maximization of the current positive direction of the aerospace industry, both in commercial and defense."
About M Line Holdings, Inc.
M Line is a leading manufacturer of products, assemblies and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering.
For more information on M Line see our website at www.mlineholdings.com
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For further information contact
Tony Anish
tony@mlineholdings.com
MLHC is giving false hope.
The reason why MLHC did not submit 10K, because they just don't want show how big debt they have by TCA.
Now we will see many PR news how they are close to reach some new non-dilutive financing and how perfectly they are reducing the costs and so on..
Fact is that Anish fully controls MLHC with the preferred shares and don't care about the common stocks.
MLHC needs higher levels before they start flooding market with new shares in December. So we will see many new PR news(not official SEC filings) just to confuse investors and giving false hope.
What we can do now is just accept their game and buy low and sell on news.
Short Interest on 10/15/2014 dropped to 51,669,975 from 52,981,362 reported on 9/30/2014.
Source NASDAQ www.nasdaq.com/symbol/exel/short-interest
SERIES B preferred means the 10 mil preferred stocks, what Anthony Anish has right now.
It was the warning for us, because they needed >50% majority over to company to announce increase of AS.
Maybe we will know soon the price of these 10 mil preffered shares, it can also increase the price of common shares if the price was based on the EBITDA and revenues. But odds are very low with such Anish's reputation.
I thought we were protected from this when management lost 50% majority after the dilution.
And now Anish has 10 mil prefered shares and 50% of company.
I want know when and what was the price for this stake...
Dirty games.
Is it good idea hold during earnings ?
I think earnings can only suprise. Here are some reasons :
- New cost saving plan will be introduce
- Reduction of the workforce already started
- Sales last earnings beated estimations
What is your opinion ?
In October MLHC released PR news two times on Thursday (9th and 16th) and one SEC filling NTN 10K. Today I also wrote them email to release 10K. So I guess tomorrow is very high probability ;).
Btw, today's run was due to the SERIES B PREFERRED, what also increases probability of PR news tomorrow.
IMO still good price for entry, very undervalued on these levels.
It is getting interesting on MLHC, maybe involment of big investor.
Usually MLHC releases news on Thursday. Probably tomorrow we will get some solid PR.
I think it should be more less related to the Clinical trials for Cabozantinib +/- Trastuzumab In Breast Cancer Patients w/ Brain Metastases
www.dana-farber.org/Newsroom/News-Releases/cdc-awards-grant-to-program-for-young-women-with-breast-cancer-at-dana-farber-cancer-institute.aspx
Usually where is some grant involved it is filled as the confidential treatment order.
Exel is turning to exponential growth.
Last bullish news on exel in previous week:
1. Managment picked up rather shares than money bonuses.
SEC fillings
2. From Roche report - he FDA has granted Fast Track Designation for cobimetinib cobimetinib with Zelboraf.
Roche update of investors
3. New trial - Cabozantinib Phase II against Breast Cancer is starting in October.
Clinical Trials
in pipeline :
Earnings with huge cost savings will be released 4th November in after martket
FDA approval for the cobimetinib with Zelboraf
Potential bid from Roche. Zelboraf's sales are sinking in US and cobimetinib can rapidly increase the sales.
Huge short interest, more than 25% shares of tatal EXEL shares are shorted.
Know What You Own. MLHC Long&Strong!
this post was missing here today from III
Still no interest of big investors. MLHC needs to submit 10-K and get back credibility, after that we can go much higher.
Still there are lot of things in pipeline for the real big run.
News about the new financing.
News about the acquisitions.
News about the ending of dilution etc...
R/S is possible, but of course before listing on NASDAQ.
I think MLHC changed the address so as well the bussiness registration.
EXEL is relatively stabilized if we consider selling more than 17 mil shares in last 2-3 weeks.
Short Interest increased to 52,981,362 shares 9/30/2014 from 48,000,678 9/15/2014.
http://www.nasdaq.com/symbol/exel/short-interest
Now we just need fillings from the investor, who bought these shares.
Great news! This is the answer for bashers, who were spreading fear about RS or increasing AS.
Bruce Barren commented : "This Financing will have a non-dilutive effect to M Line Shareholders. This is the First of a Series of New Financing for M Line."
Don't care if there is dilution until there are buyers.
Year ago when MLHC submitted NT-10K it was almost the bottom. Some good earnings speculative run can begin.
Two large block trades are counted as sell.
I am not sure if it's too early consider 1,5$ as a bottom, but it is holding nicely even the markets are in sell mood.
Thanks for link. But I was more less thinking about the reaching >5%. This ownership change must be submit in 10 days.
There were two block trades. Any chance to see some new sec fillings about the ownership today ?
Exactly, both sides are waitning. But I think we will see some buying pressure in power hour.
We can see today finally some buyers. I think the EOD will be nice for longs.
There are two groups, first thinks it is going to 0004-0006 and second is thinking it is going to 005-007.
So as you can see, it is typical asymetric bet, you can loose 50% or win 500%.
All big dumps are followed by bounces. Look on the bounce after the dumping on 15th Sep.
anybody else saw the big 50 mil trade, which just disappeared ? Maybe T-Trade.
I guess the shorts will start covering above 2$, everything bellow is for them nothing.
Not sure how accurate are these data, but I am sure no shorts were covered yesterday, much more were added.
This is just PR news about the results, the real SEC filling will have much bigger impact and more institutional investors will come.
As Bruce Barren said in PR "Stay Tuned."
Value of your shares 0,007 Based on current EBITDA and AS 1b.
I like the EBITDA $1,706,243 , hopefully we will see some big buys today.
I saw similiar trading on the Cobimetinib results 14th July. Almost touching the close of previous day and in afternoon was launched +30% rocket.
I hope the intraday traders still have it in fresh memory.
Yes, grilling of shorts is here, but will it be enough to get throught the 2$ resistence ?
More and more eyes on MLHC. Most searched on google in company history last month.
http://www.google.cz/trends/explore#q=mlhc