ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Lineage Reports Third Quarter 2021 Financial Results and Highlights Progress From Clinical Cell Therapy Programs

November 10, 2021 GMT

CARLSBAD, Calif.--(BUSINESS WIRE)--Nov 10, 2021--

Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today reported financial and operating results for the third quarter 2021. Lineage will host a conference call today at 4:30 p.m. Eastern Time to discuss its third quarter 2021 financial results and to provide a business update.

ADVERTISEMENT

“Lineage’s approach is to produce specific types of human cells and stably transplant those cells as a treatment for serious medical conditions. We believe our approach, in certain settings, can generate clinical outcomes beyond the reach of traditional methods, as evidenced by the restoration of retinal tissue in patients in our dry AMD trial and the restoration of a tissue matrix in patients in our spinal cord injury trial,” stated Brian M. Culley, Lineage CEO. “During the third quarter, we reported positive interim outcomes in patients with dry AMD with geographic atrophy, initiated performance testing of our OPC1 delivery device for spinal cord injury, and we expanded our executive team with the appointment of a new General Counsel. Looking ahead, we are preparing for engagement with FDA for our OpRegen program to discuss aspects of product designation, manufacturing plans, and later-stage clinical development. In parallel, we look forward to the initiation of our OPC1 and novel delivery device clinical safety study early next year. We believe our technology platform has broad potential beyond even the indications we currently are pursuing and while we continue to advance our three clinical-stage programs, we also are evaluating new applications of our technology, either on our own or through strategic alliances.”

Some of the milestones achieved in the third quarter include:

ADVERTISEMENT

- Presented OpRegen clinical data at the 54 th Annual Scientific Meeting of the American Retina Society from the ongoing Phase 1/2a study of OpRegen for the treatment of dry-AMD with GA; statistically significant evidence of a treatment effect with OpRegen was observed in Cohort 4 better vision patients.

- Reported continued positive interim clinical data with OpRegen: 8/12 (67%) of the Cohort 4 patients’ treated eyes were at or above baseline visual acuity at their last assessment, based on per protocol scheduled visits ranging from 9 months to over 3 years post-transplant, while visual acuity predictably declined in the majority of untreated eyes; notably, three patients with evidence of retinal restoration and confirmed history of GA growth continued to demonstrate areas of retinal restoration as of their last per protocol assessments, ranging from 9 months to 33 months following treatment.

- Announced the appointment of George A. Samuel III as General Counsel and Corporate Secretary. Mr. Samuel brings extensive corporate, transactional, intellectual property and commercial expertise which spans nearly 15 years across the life sciences and technology sectors as well as in private practice.

- Featured in the B. Riley Securities Fall 2021 “Growth Biotech Best Idea” Virtual Series as well as the 2021 Cantor Fitzgerald Virtual Global Healthcare Conference.

Some of the events and milestones anticipated by Lineage include:

- OpRegen Program

  • Additional interim data from the Phase 1/2a clinical study to be featured at the 2021 American Academy of Ophthalmology Annual Meeting in a presentation on November 13, 2021, as part of the Gene and Cell-Based Therapies Session, by Michael S. Ip, M.D., Professor, Department of Ophthalmology at the David Geffen School of Medicine at the University of California, Los Angeles.
  • Multiple interactions with the U.S. Food and Drug Administration (FDA) planned to discuss product designation, manufacturing plans, and later-stage clinical development, anticipated to begin in Q4 2021 and continue in Q1 2022.

- OPC1 Program

  • Complete evaluation of a novel Parenchymal Spinal Delivery (PSD) system in non-clinical testing; anticipated in Q4 2021.
  • Complete GMP production of OPC1 via an improved and larger-scale manufacturing process and a new thaw-and-inject formulation; anticipated in Q1 2022.
  • FDA interaction to discuss recent manufacturing improvements made to OPC1; anticipated in Q1 2022.
  • Initiation of clinical performance and safety testing of the novel PSD device for OPC1; anticipated Investigational New Drug (IND) amendment submission in Q1 2022.

- VAC Programs

  • Completion of enrollment by Cancer Research UK in the ongoing VAC2 Phase 1 non-small cell lung cancer study; anticipated in Q1 2022.
  • Continued development of a dendritic cell-based therapeutic for glioblastoma with our strategic partner; ongoing throughout 2022.
  • Evaluation of opportunities for new VAC product candidates based on internally identified or partnered tumor antigens; ongoing throughout 2022.

- Business Development

  • Evaluation of partnership opportunities and expansion of existing collaborations; ongoing throughout 2022.

Balance Sheet Highlights

Cash, cash equivalents, and marketable securities totaled $65.1 million as of September 30, 2021. Marketable securities of $4.3 million as of September 30, 2021 include the Company’s remaining ownership in OncoCyte Corporation (“OncoCyte”) and Hadasit Bio-Holdings Ltd.

Third Quarter Operating Results

Revenues: Lineage’s revenue is generated primarily from research grants, royalties, and licensing fees. Total revenues for the three months ended September 30, 2021 were approximately $2.3 million, an increase of $1.7 million as compared to $0.6 million for the same period in 2020. The increase was primarily related to a $1.6 million increase in royalty revenues, and a $0.3 million increase in licensing revenues in connection with a collaboration agreement, partially offset by a $0.2 million decrease in grant revenues.

Operating Expenses: Operating expenses are comprised of research and development (R&D) expenses and general and administrative (G&A) expenses. Total operating expenses for the three months ended September 30, 2021 were $8.1 million, an increase of $0.9 million as compared to $7.2 million for the same period in 2020.

R&D Expenses: R&D expenses for the three months ended September 30, 2021 were $2.8 million, a decrease of approximately $0.8 million as compared to $3.6 million for the same period in 2020. The decrease was primarily driven by lower VAC program expenses, related to a non-recurring prior year accrual of a $1.6 million signature fee to Cancer Research UK, partially offset by an increase in OPC1 expenses resulting from a return of unspent project funds of approximately $0.8 million in the prior year period from a former Asterias BioTherapeutics, Inc. (“Asterias”) service provider.

G&A Expenses: G&A expenses for the three months ended September 30, 2021 were $5.3 million, an increase of approximately $1.7 million as compared to $3.6 million for the same period in 2020. The increase was primarily attributable to increases of $0.8 million in litigation and other expenses related to Lineage’s merger with Asterias, and $0.5 million in share-based compensation.

Loss from Operations: Loss from operations for the three months ended September 30, 2021 was approximately $6.8 million, an increase of $0.1 million as compared to $6.7 million for the same period in 2020.

Other Income/(Expenses), Net: Other income/(expenses), net for the three months ended September 30, 2021 reflected other expense, net of ($2.0) million, compared to other expense, net of ($1.2) million for the same period in 2020. The variance was primarily related to a decrease in the value of Lineage’s OncoCyte shares, a decrease in interest income following settlement of the Juvenescence Limited note receivable in the prior year, and no sales of marketable equity securities as compared to the prior year’s quarter.

Net loss attributable to Lineage: The net loss attributable to Lineage for the three months ended September 30, 2021 was $7.8 million, or $0.05 per share (basic and diluted), compared to a net loss attributable to Lineage of $7.8 million, or $0.05 per share (basic and diluted), for the same period in 2020.

Conference Call and Webcast

Lineage will host a conference call and webcast today, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its third quarter 2021 financial results and to provide a business update. Interested parties may access the conference call by dialing (866) 888-8633 from the U.S. and Canada and (636) 812-6629 from elsewhere outside the U.S. and Canada and should request the “Lineage Cell Therapeutics Call”. A live webcast of the conference call will be available online in the Investors section of Lineage’s website. A replay of the webcast will be available on Lineage’s website for 30 days and a telephone replay will be available through November 18, 2021, by dialing (855) 859-2056 from the U.S. and Canada and (404) 537-3406 from elsewhere outside the U.S. and Canada and entering conference ID number 9352189.

About Lineage Cell Therapeutics, Inc.

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include three allogeneic (“off-the-shelf”) product candidates: (i) OpRegen ®, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, a leading cause of blindness in the developed world; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; and (iii) VAC2, an allogeneic dendritic cell therapy produced from Lineage’s VAC technology platform for immuno-oncology and infectious disease, currently in Phase 1 clinical development for the treatment of non-small cell lung cancer. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Forward-Looking Statements

Lineage cautions you that all statements, other than statements of historical facts, contained in this press release, are forward-looking statements. Forward-looking statements, in some cases, can be identified by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “can,” “plan,” “potential,” “predict,” “seek,” “should,” “would,” “contemplate,” “project,” “target,” “tend to,” ’suggest,” or the negative version of these words and similar expressions. Such statements include, but are not limited to, the ability of Lineage’s approach to generate clinical outcomes beyond the reach of traditional methods, the broad potential for Lineage’s technology platform, the projected timing of milestones of future studies, including their initiation and completion, the projected timing of interactions with the FDA to discuss product designation, manufacturing plans and improvements, and later-stage clinical development, the continued development of its product candidates, the potential opportunities for the establishment or expansion of strategic partnerships and collaborations and the timing thereof, and the potential for Lineage’s investigational allogeneic cell therapies to provide safe and effective treatment for multiple, diverse serious or life threatening conditions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Lineage’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including risks and uncertainties inherent in Lineage’s business and other risks in Lineage’s filings with the Securities and Exchange Commission (SEC). Lineage’s forward-looking statements are based upon its current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. Further information regarding these and other risks is included under the heading “Risk Factors” in Lineage’s periodic reports with the SEC, including Lineage’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC and its other reports, which are available from the SEC’s website. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Lineage undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Tables to follow

LINEAGE CELL THERAPEUTICS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

 

 

 

September 30, 2021

(Unaudited)

 

 

December 31, 2020

 

ASSETS

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

60,809

 

 

$

32,585

 

Marketable equity securities

 

 

4,295

 

 

 

8,977

 

Trade accounts receivable, net

 

 

79

 

 

 

4

 

Prepaid expenses and other current assets

 

 

3,161

 

 

 

2,433

 

Total current assets

 

 

68,344

 

 

 

43,999

 

 

 

 

 

 

 

 

 

 

NONCURRENT ASSETS

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

4,728

 

 

 

5,630

 

Deposits and other long-term assets

 

 

614

 

 

 

616

 

Goodwill

 

 

10,672

 

 

 

10,672

 

Intangible assets, net

 

 

46,854

 

 

 

47,032

 

TOTAL ASSETS

 

$

131,212

 

 

$

107,949

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

6,705

 

 

$

6,813

 

Lease liabilities, current portion

 

 

801

 

 

 

746

 

Financing lease, current portion

 

 

17

 

 

 

16

 

Deferred revenues

 

 

975

 

 

 

193

 

Liability classified warrants, current portion

 

 

293

 

 

 

1

 

Total current liabilities

 

 

8,791

 

 

 

7,769

 

 

 

 

 

 

 

 

 

 

LONG-TERM LIABILITIES

 

 

 

 

 

 

 

 

Deferred tax liability

 

 

894

 

 

 

2,076

 

Lease liability, net of current portion

 

 

1,887

 

 

 

2,514

 

Financing lease, net of current portion

 

 

12

 

 

 

26

 

Liability classified warrants, net of current portion

 

 

39

 

 

 

437

 

TOTAL LIABILITIES

 

 

11,623

 

 

 

12,822

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Preferred shares, no par value, 2,000 shares authorized; none issued and outstanding as of September 30, 2021 and December 31, 2020

 

 

-

 

 

 

-

 

Common shares, no par value, 250,000 shares authorized; 168,465 and 153,096 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively

 

 

432,250

 

 

 

393,944

 

Accumulated other comprehensive loss

 

 

(3,433

)

 

 

(3,667

)

Accumulated deficit

 

 

(308,105

)

 

 

(294,078

)

Lineage Cell Therapeutics, Inc. shareholders’ equity

 

 

120,712

 

 

 

96,199

 

Noncontrolling deficit

 

 

(1,123

)

 

 

(1,072

)

Total shareholders’ equity

 

 

119,589

 

 

 

95,127

 

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

 

$

131,212

 

 

$

107,949

 

LINEAGE CELL THERAPEUTICS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(IN THOUSANDS, EXCEPT PER SHARE DATA)

(UNAUDITED)

 

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

REVENUES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalties

 

$

1,909

 

 

$

342

 

 

$

2,430

 

 

$

607

 

Grant revenues

 

 

68

 

 

 

229

 

 

 

237

 

 

 

864

 

Collaboration revenues

 

 

293

 

 

 

-

 

 

 

506

 

 

 

-

 

Total revenues

 

 

2,270

 

 

 

571

 

 

 

3,173

 

 

 

1,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

(985

)

 

 

(102

)

 

 

(1,222

)

 

 

(271

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

1,285

 

 

 

469

 

 

 

1,951

 

 

 

1,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

2,811

 

 

 

3,566

 

 

 

9,136

 

 

 

9,710

 

General and administrative

 

 

5,317

 

 

 

3,628

 

 

 

13,788

 

 

 

12,055

 

Total operating expenses

 

 

8,128

 

 

 

7,194

 

 

 

22,924

 

 

 

21,765

 

Loss from operations

 

 

(6,843

)

 

 

(6,725

)

 

 

(20,973

)

 

 

(20,565

)

OTHER INCOME/(EXPENSES):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income (expense), net

 

 

1

 

 

 

252

 

 

 

(1

)

 

 

1,037

 

Gain on sale of marketable securities

 

 

-

 

 

 

120

 

 

 

6,024

 

 

 

3,848

 

Unrealized loss on marketable equity securities

 

 

(2,450

)

 

 

(2,003

)

 

 

(621

)

 

 

(7,487

)

Gain on extinguishment of debt

 

 

-

 

 

 

-

 

 

 

523

 

 

 

-

 

Unrealized gain on warrant liability

 

 

53

 

 

 

55

 

 

 

105

 

 

 

84

 

Other income (expense), net

 

 

393

 

 

 

351

 

 

 

(318

)

 

 

175

 

Total other income/(expense), net

 

 

(2,003

)

 

 

(1,225

)

 

 

5,712

 

 

 

(2,343

)

LOSS BEFORE INCOME TAXES

 

 

(8,846

)

 

 

(7,950

)

 

 

(15,261

)

 

 

(22,908

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax benefit

 

 

1,012

 

 

 

178

 

 

 

1,181

 

 

 

178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

 

 

(7,834

)

 

 

(7,772

)

 

 

(14,080

)

 

 

(22,730

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to noncontrolling interest

 

 

11

 

 

 

12

 

 

 

51

 

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS ATTRIBUTABLE TO LINEAGE CELL THERAPEUTICS, INC.

 

$

(7,823

)

 

$

(7,760

)

 

$

(14,029

)

 

$

(22,681

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.09

)

 

$

(0.15

)

DILUTED

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.09

)

 

$

(0.15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BASIC

 

 

167,624

 

 

 

149,973

 

 

 

163,120

 

 

 

149,868

 

DILUTED

 

 

167,624

 

 

 

149,973

 

 

 

163,120

 

 

 

149,868

 

LINEAGE CELL THERAPEUTICS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

(UNAUDITED)

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

Net loss attributable to Lineage Cell Therapeutics, Inc.

 

$

(14,029

)

 

$

(22,681

)

Net loss allocable to noncontrolling interest

 

 

(51

)

 

 

(49

)

Adjustments to reconcile net loss attributable to Lineage Cell Therapeutics, Inc. to net cash used in operating activities:

 

 

 

 

 

 

 

 

Gain on sale of marketable securities

 

 

(6,024

)

 

 

(3,848

)

Unrealized loss on marketable equity securities

 

 

621

 

 

 

7,487

 

Gain on extinguishment of debt

 

 

(523

)

 

 

-

 

Depreciation expense, including amortization of leasehold improvements

 

 

504

 

 

 

623

 

Amortization of right-of-use asset

 

 

19

 

 

 

47

 

Amortization of intangible assets

 

 

178

 

 

 

1,080

 

Stock-based compensation

 

 

2,601

 

 

 

1,733

 

Common stock issued for services

 

 

202

 

 

 

59

 

Change in unrealized gain on warrant liability

 

 

(105

)

 

 

(84

)

Write-off of security deposit

 

 

-

 

 

 

150

 

Deferred tax benefit

 

 

(1,181

)

 

 

(178

)

Foreign currency remeasurement and other gain

 

 

300

 

 

 

(116

)

Gain on write-off and sales of assets

 

 

(5)

 

 

 

(154

)

Amortization of deferred license fee

 

 

-

 

 

 

(200

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts and grants receivable

 

 

(104

)

 

 

51

 

Accrued interest receivable

 

 

-

 

 

 

(1,008

)

Prepaid expenses and other current assets

 

 

(1,229

)

 

 

1,634

 

Accounts payable and accrued liabilities

 

 

354

 

 

 

1,342

 

Deferred revenue and other liabilities

 

 

784

 

 

 

-

 

Net cash used in operating activities

 

 

(17,688

)

 

 

(14,112

)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

 

 

 

Proceeds from the sale of OncoCyte common shares

 

 

10,064

 

 

 

10,941

 

Proceeds from the sale of AgeX common shares

 

 

-

 

 

 

1,196

 

Proceeds from the sale of HBL common shares

 

 

21

 

 

 

3

 

Purchase of equipment

 

 

(208

)

 

 

(40

)

Proceeds from the sale of equipment

 

 

14

 

 

 

18

 

Other deposits

 

 

-

 

 

 

18

 

Net cash provided by investing activities

 

 

9,891

 

 

 

12,136

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

Proceeds from employee options exercised

 

 

6,269

 

 

 

24,624

 

Common shares received and retired for employee taxes paid

 

 

(41

)

 

 

(19

)

Repayment of financing lease liabilities

 

 

(13

)

 

 

(24

)

Proceeds from Paycheck Protection Program (“PPP”) Loan

 

 

-

 

 

 

523

 

Proceeds from sale of common shares

 

 

30,741

 

 

 

-

 

Payments for offering costs

 

 

(980

)

 

 

(53

)

Net cash provided by financing activities

 

 

35,976

 

 

 

25,051

 

Effect of exchange rate changes on cash, cash equivalents and restricted cash

 

 

(34

)

 

 

(36

)

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

 

 

28,145

 

 

 

23,039

 

CASH, CASH EQUIVALENTS AND RESTRICTED CASH:

 

 

 

 

 

 

 

 

At beginning of the period

 

 

33,183

 

 

 

10,096

 

At end of the period

 

$

61,328

 

 

$

33,135

 

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20211110006231/en/

CONTACT: Lineage Cell Therapeutics, Inc. IR

Ioana C. Hone

(ir@lineagecell.com)

(442) 287-8963Solebury Trout IR

Mike Biega

(Mbiega@soleburytrout.com)

(617) 221-9660Russo Partners – Media Relations

Nic Johnson or David Schull

Nic.johnson@russopartnersllc.com

David.schull@russopartnersllc.com

(212) 845-4242

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH OTHER HEALTH

SOURCE: Lineage Cell Therapeutics, Inc.

Copyright Business Wire 2021.

PUB: 11/10/2021 04:05 PM/DISC: 11/10/2021 04:06 PM

http://www.businesswire.com/news/home/20211110006231/en