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Thursday, November 18, 2021

Bayer extends clinical development program for finerenone with Phase III study in children and adolescents with chronic kidney disease

For children and adolescents with chronic kidney disease (CKD), as for adults, the unmet need is high for new treatments to delay disease progression and preserve kidney function / The Phase III study FIONA will investigate the effect of finerenone in pediatric patients with CKD and severely increased proteinuria

Berlin, November 15, 2021 – Bayer announced today the initiation of the FIONA study, a multicenter, randomized, double-blind, placebo-controlled Phase III study, to investigate the efficacy, safety and pharmacokinetics/pharmacodynamics (PK/PD) of finerenone, in addition to standard of care, for the treatment of pediatric patients with chronic kidney disease (CKD) and severely increased proteinuria. The primary objective of the study is to demonstrate superiority of finerenone in addition to an angiotensin-converting enzyme (ACE) inhibitor or an angiotensin II receptor blocker (ARB) over placebo in reducing urine protein excretion in these patients. The primary outcome measure is the change in urine protein creatinine ratio (UPCR) from baseline to 6 months.

“Chronic kidney disease is a rare but devastating condition affecting children across the age spectrum. Despite some progress achieved through previous research efforts, children with this condition continue to experience disease progression and proteinuria – an important, modifiable risk factor for kidney function decline. New treatments are needed to target this risk factor whilst working synergistically with current therapies,” said Dr. Franz Schaefer, Professor of Pediatrics and Chief of the Pediatric Nephrology Division at Heidelberg University Hospital. “If successful, insights from this study could be of great significance to children living with chronic kidney disease and their families.”

Proteinuria is an important modifiable risk factor for CKD progression in children. Aldosterone-mediated activation of mineralocorticoid receptors (MR) in the kidney drive the downward spiral by promoting tissue inflammation and injury. Finerenone is an investigational, non-steroidal, selective MR antagonist that in preclinical studies has been shown to block harmful effects of MR overactivation, which is thought to contribute to CKD progression and cardiovascular damage.

Finerenone has been investigated in a broad population of adult patients with stages 1-4 CKD and type 2 diabetes (T2D) across two completed Phase III studies: FIDELIO-DKD and FIGARO-DKD. In these studies, finerenone demonstrated benefits on kidney and cardiovascular outcomes in patients with CKD and T2D. Finerenone demonstrated a consistent safety profile across studies. FIDELITY, a pre-specified pooled analysis of the FIDELIO-DKD and FIGARO-DKD studies to evaluate the occurrence of progression of kidney disease as well as fatal and nonfatal CV events in more than 13,000 patients with CKD and T2D, evaluated the potential benefit of finerenone across the disease spectrum.

“In the largest Phase III clinical trial program to date in chronic kidney disease and type 2 diabetes, which included more than 13,000 adult patients, finerenone has demonstrated the potential to improve kidney and cardiovascular outcomes,” said Dr. Christian Rommel, Member of the Executive Committee of Bayer AG’s Pharmaceutical Division and Head of Research and Development. “The new FIONA study extends our clinical research for finerenone to children and adolescents with chronic kidney disease, where the unmet need is high for new treatments to delay disease progression and preserve kidney function as much and for as long as possible.”

The planned Phase III FIONA study will investigate finerenone compared to placebo in addition to standard of care in approximately 200 patients with CKD. Patients will be randomized in a 2:1 ratio to receive either a body-weight adjusted dose of finerenone or placebo on top of individually optimized labeled doses of either ACE inhibitors or an ARB. The FIONA study will contribute to the IMI2 conect4children (c4c) project, by utilising the c4c network and its clinical sites across Europe. c4c aims to provide better medicines for babies, children and young people by improving the way clinical trials are planned and conducted across Europe. In addition, the study will be conducted in collaboration with two pediatric CKD-specific clinical research networks, ESCAPE (European Study Consortium for Chronic Kidney Disorders affecting Pediatric Patients) and NAPRTCS (North-American Pediatric Renal Trials and Collaborative Studies).

In July, finerenone was approved under the brand name Kerendia® by the United States (U.S.) Food and Drug Administration (FDA) based on the positive results of the FIDELIO-DKD Phase III study for adult patients with CKD and T2D. Finerenone has also been submitted for marketing authorization in the European Union (EU) and China, as well as multiple other countries worldwide; these applications are currently under review.

About Finerenone
Finerenone (BAY 94-8862) is a non-steroidal, selective mineralocorticoid receptor (MR) antagonist that in preclinical studies has been shown to block harmful effects of MR overactivation. MR overactivation is thought to contribute to CKD progression and cardiovascular damage which can be driven by metabolic, hemodynamic or inflammatory and fibrotic factors.

The Phase III study program with finerenone, FINEOVATE, currently comprises five Phase III studies: FIDELIO-DKD, FIGARO-DKD, FINEARTS-HF, FIND-CKD and FIONA.

The initiation of the Phase III FIONA study (FInerenone for the treatment of children with chrOnic kidNey disease and proteinuriA) builds upon the robust Phase III results from the FIDELIO-DKD and FIGARO-DKD studies which evaluated the effects of finerenone versus placebo on top of standard of care across a broad range of disease severity, on both renal and cardiovascular outcomes in patients with CKD and T2D. Based on these findings, FIONA will investigate the effect of finerenone in pediatric participants with CKD and severely increased proteinuria.

The initiation of the Phase III FIND-CKD study (FInerenone, in addition to standard of care, on the progression of kidney disease in patients with Non-Diabetic Chronic Kidney Disease) builds upon the robust Phase III results from the FIDELIO-DKD and FIGARO-DKD studies which evaluated the effects of finerenone versus placebo on top of standard of care on both renal and cardiovascular outcomes in patients with CKD and T2D. Based on these findings, and since the beneficial kidney effect of finerenone observed in previous studies was independent of the glycemic state and was shown in a related population, FIND-CKD will investigate the effect of finerenone in patients with non-diabetic etiologies, including hypertension and chronic glomerulonephritis (inflammation of the kidneys).

About Chronic Kidney Disease in Pediatric Patients
Globally, between 30 and 90 children per million have CKD stage 2 or higher. The annual incidence in European countries ranges from 8.7 to 17.5 cases per million children. As in adults, secondary treatment strategies for CKD in children aim to prevent disease progression by focusing on control of blood pressure and proteinuria through RAAS blockade with an angiotensin converting enzyme inhibitor (ACEI) or an angiotensin receptor blocker (ARB). However, despite treatment with available standard ACEI or ARB therapy, pediatric patients with CKD, like adults, continue to have proteinuria and progression of renal disease. Therefore, novel treatment options are needed which target modifiable risk factors, and act synergistically with the established therapies to overcome their limitations and improve the outcome in children with CKD.

IMI2 conect4children
The Collaborative Network for European Clinical Trials for Children (conect4children or c4c) is an action under the Innovative Medicines Initiative 2 (IMI2) Joint Undertaking (https://www.imi.europa.eu/), Grant Agreement 777389.

IMI2 c4c aims to enhance the development of better medicines for babies, children and young people, by generation of a sustainable infrastructure across Europe, that optimizes the delivery of clinical trials in children, and the use of innovative trial designs and new quantitative methods.

About ESCAPE
The ESCAPE Network (European Study Consortium for Chronic Kidney Disorders Affecting Pediatric Patients) is a group of 30 pediatric nephrology expert centers from 9 European countries. The Network aims to improve the management of chronic kidney disease in children and adolescents and has performed numerous clinical trials and cohort studies over more than two decades. In the landmark ESCAPE Trial, the consortium established the efficacy of strict blood pressure control and ACE inhibition in slowing renal failure progression in children. Further information on the ESCAPE Network can be found at http://www.escapenet.eu.

About NAPRTCS:
The North American Pediatric Renal Trials and Collaborative Studies (NAPRTCS) is a multicenter, registry-based research effort. NAPRTCS has partnered with industry sponsors since 1994 to conduct clinical trials to advance knowledge about pediatric kidney disease and to study best practices for treatment of various pediatric kidney disorders. Further information on NAPRTCS can be found at https://naprtcs.org.

About Bayer’s Commitment in Cardiovascular and Kidney Diseases
Bayer is an innovation leader in the area of cardiovascular diseases, with a long-standing commitment to delivering science for a better life by advancing a portfolio of innovative treatments. The heart and the kidneys are closely linked in health and disease, and Bayer is working in a wide range of therapeutic areas on new treatment approaches for cardiovascular and kidney diseases with high unmet medical needs. The cardiology franchise at Bayer already includes a number of products and several other compounds in various stages of preclinical and clinical development. Together, these products reflect the company’s approach to research, which prioritizes targets and pathways with the potential to impact the way that cardiovascular diseases are treated.

About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, go to www.bayer.com.

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Volta Partnership With Cinemark Theatres Provides Electric Vehicle Charging to Moviegoers

Stations Allow Audiences to Charge While Visiting the Theatre

SAN FRANCISCO--(BUSINESS WIRE)-- Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, announced the expansion of its partnership with Cinemark Theatres (“Cinemark”) to provide EV charging at select Cinemark movie theatre locations across the U.S. Cinemark moviegoers have had the opportunity to charge at Volta stations since 2018, when Cinemark installed its first EV charging location.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117005420/en/

Volta Partnership with Cinemark Theatres Provides Electric Vehicle Charging to Moviegoers (Photo: Business Wire)

“Cinemark is greatly looking forward to continuing to serve our communities through our partnership with Volta,” said Art Justice, Cinemark Vice President of Energy and Sustainability. “We already have installed approximately 100 stations across our domestic circuit, and by increasing our electric vehicle charging capacity, can be more than just an entertainment destination for our guests. We are eager to continue growing our relationship with Volta to allow more moviegoers the chance to charge their vehicles while enjoying the immersive, cinematic experience.”

As movie lovers seek out the entertaining escape of watching a great movie on the big screen, the addition of EV charging stations provides a sustainable amenity that seamlessly integrates into a driver’s everyday life. With an average on-site charging time of 105 minutes, drivers enjoy charge time that is well matched to the length of their moviegoing experience. Volta has already installed almost 100 charging stations at Cinemark locations and customer satisfaction has been positive. Since establishing the partnership, Volta's EV charging stations have powered nearly 1.2 million electric miles for Cinemark customers. More than 27,000 gallons of gasoline have been saved, as well as approximately 53,500 pounds of CO2.

Cinemark has also taken advantage of the Volta charging stations’ digital screens to showcase theatre updates, upcoming films, concessions, and onsite events.

“Volta’s partnership with Cinemark is a sign of significant progress towards our mission to meet EV drivers at the places they love to go,” said Scott Mercer, Founder and CEO of Volta. “This is an opportunity to provide a meaningful charging experience to EV drivers at locations where they already plan to spend a substantial amount of time, which ultimately translates to customers understanding that charging infrastructure can be a convenient, accessible and reliable service that is part of everyday life.”

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that is among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building open-network charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail and entertainment locations.

Data collected to determine environmental benefits from consumer use of Volta's charging stations were tabulated in accordance with US Environmental Protection Agency's (EPA) methodology using the EPA's published greenhouse gas equivalencies calculator. Miles per kWh calculation assumes a weighted average, using the US Department of Energy's published miles per kWh rating per electric vehicle (EV) model, multiplied against each model's market share among EVs based on IHS-Markit's quarterly vehicle-in-operation report.

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

About Cinemark Holdings, Inc.

Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 524 theatres (324 U.S., 200 South and Central America) with 5,897 screens (4,440 U.S., 1,457 South and Central America) in 42 states domestically and 15 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD - the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to https://investors.cinemark.com/