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Orexo Q1 2021 Interim Report

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UPPSALA, Sweden, April 29, 2021 /PRNewswire/ —

Q1 2021 summary           

  • Total net revenues of SEK 132.3 m (175.0)           
  • Net earnings of SEK -31.5 m (82.6)           
  • EBITDA of SEK -23.9 m (39.1)           
  • US Pharma segment (ZUBSOLV® US) net revenues of SEK 126.8 m (163.9), EBIT of SEK 66.1 m (75.9)           
  • Cash flow from operating activities of SEK -47.8 m (48.1), cash balance of SEK 725.5 m (861.4)           
  • A new patent for OX124, overdose rescue medication, was issued by the US Patent and Trademark Office (USPTO), protecting the technology until 2039           
  • Issued a new corporate bond amounting to a nominal value of SEK 500 m and redemption of the corporate bond issued in 2017           
  • A partnership agreement was reached with Magellan Rx, the third largest payor for treatment of opioid dependence in the US, to test modia™ with patients and other payors in their network           
  • A new patent for ZUBSOLV®, with protection until 2032, was issued by the USPTO 

No important events after the period
 

                                   

                                   

SEK m, unless otherwise stated

                                   

2021 Jan-Mar

                                   

2020 Jan-Mar

                                   

                                   

 

2020 Jan-Dec           

                                   

 

 2020-2021 Jan-Mar Δ                       

                                   

Net revenues

 

132.3

 

175.0

 

663.6

 

 

-24%

                                   

Cost of goods sold

 

-19.2

 

-20.0

 

-65.6

 

 

-4%

                                   

Operating expenses

 

-149.9

 

-121.1

 

-617.9

 

 

24%

                                   

EBIT

 

-36.8

 

34.0

 

-19.9

 

 

-208%

                                   

EBIT margin, %

 

-27.8

 

19.4

 

-3.0

                                   

 

-47.2 ppt           

                                   

EBITDA

 

-23.9

 

39.1

 

19.0

 

 

-161%

                                   

Earnings per share, before dilution, SEK

 

-0.92

 

2.38

 

-2.45

 

 

-139%

                                   

Earnings per share, after dilution, SEK

 

-0.92

 

2.34

 

-2.45

 

 

-139%

                                   

Cash flow from operating activities

 

-47.8

 

48.1

 

16.8

 

 

-199%

                                   

Cash and cash equivalents

 

725.5

 

861.4

 

505.3

 

 

-16%

CEO Comments:

ZUBSOLV® demand will contribute to a solid foundation for future growth 
During the first quarter of 2021, we made good progress on multiple fronts. I am pleased to see that ZUBSOLV® demand has stabilized compared to the previous quarter, alongside the refinancing of the corporate bond, which has further strengthened Orexo´s opportunity to grow. Within our innovative digital therapeutic venture, several important steps have been taken to encourage growth in this new market and for our sales to start gaining momentum. As US society is moving to post-pandemic conditions, access to our customers is also increasing. This will be an important driver for ZUBSOLV® to return to growth and for the launch of our clinically proven digital therapies.   

ZUBSOLV® – continued strong EBIT contribution from US Pharma
We have seen a decline in ZUBSOLV® net sales in Q1 as expected, following the seasonal patterns for Q1 seen since the launch of the product. This year we have fewer shipping days in Q1 compared to Q4, leading to an overall decline in the market despite a positive weekly trend. For ZUBSOLV®, wholesalers and pharmacies traditionally build inventory in Q4 in anticipation of price increases in January. Patients in the commercial payer segment also have their co-pay reset at the start of a new calendar year, which leads to a slow down in this part of the market. Overall, I have been pleased to see the weekly demand, i.e. prescriptions of ZUBSOLV®, stabilizing over the quarter,¹ and in particular to see a couple percent growth in weekly prescriptions in the Open segment, despite the difficulties for our sales representatives to access their customers due to Covid-19. 
I am also proud we have maintained a strong EBIT contribution of 52 percent in the quarter, which should be seen in light of increased legal expenses. A stable sales and EBIT contribution from ZUBSOLV®, together with the refinancing of the corporate bond, enable us to invest in establishing Orexo as a leading player in digital health, without impacting the development of our pharmaceutical pipeline. 

Digital therapeutics – a high-potential market in its infancy
 We have made important progress over the quarter to expand the market for digital therapeutics. We signed an agreement with Magellan Rx, one of the largest Pharmacy Benefit Managers (PBMs) in the US, to conduct a real world evidence study with modia™, to demonstrate its potential as a valuable treatment option in opioid use disorder. modia™ was the reason we entered digital therapies and we continue to see significant value in the combination with primarily ZUBSOLV®, but also other buprenorphine products for patients, physicians and payers, such as Magellan Rx. We have also initiated a pilot of vorvida® and deprexis® with a leading US tech company, and two larger healthcare providers are preparing an integration of vorvida® and deprexis® into their treatment programs during Q2. The latter are leveraging a similar insurance pathway as the one Orexo recently tested with vorvida® in Pennsylvania. The test in Pennsylvania will now expand into new geographies and the insurance pathway will be the basis of the launch of deprexis® to health care providers which has started in April.  

Despite the obvious patient need for these ground-breaking treatments, the implementation of digital therapies takes time and we need more awareness and evidence for the therapies before we can expect the market to accelerate. We are therefore focusing our efforts on setting up pilots and trials with well known health care providers, employers and payers to receive their endorsements and recommendations. So far I am encouraged by the positive feedback we are receiving and in particular their compliments to the products when comparing to other digital therapies they have assessed and look forward seeing this translate into a revenue contribution as the pilots transform into commercial contracts. 

OX124 – urgent need for new treatment of opioid overdose
New preliminary yearly data2 from Center of Disease Control indicates an increase in overdoses by 
27 percent, where the portion caused by synthetic opioids, such as fentanyl, rose by 49 percent. Thus the need for our most advanced development project, OX124, a rescue medication for opioid overdose, is increasing everyday. We continue to make good progress towards initiating the final clinical study according to plan in late Q2. In parallel, minor adjustments were made to build up the supply chain in preparation to launch in the US market in 2023. With the differentiation shown in the first clinical study, versus the leading product on the market, we are confident the commercial potential for the product in the US is substantial. 

Summary and outlook
Social responsibility in the pharmaceutical industry is becoming increasingly important, especially in the wake of Covid-19. The number of people suffering from mental illness and substance use disorders is growing rapidly. Orexo’s ongoing transformation journey, from a one-product company to a company offering both pharmaceuticals and clinically proven digital therapies, means that we will be able to help many more people in urgent need of help. This mission is fully embraced by my excellent staff in both Sweden and the US, and is underpinned by our solid financial position.

Uppsala, Sweden, April 29, 2021
Nikolaj Sørensen
President and CEO 

1 Average weekly prescriptions for ZUBSOLV®, where all prescriptions are normalized to a size of 30 tablets
2 Oct. 2019 – Sep. 2020

For further information, please contact
Nikolaj Sørensen, President and CEO, Joseph DeFeo, EVP and CFO, or Lena Wange, IR & Communications Director 
Tel: +46 18 780 88 00, +1 855 982 7658, E-mail: [email protected]

Presentation
At 2.00 pm CET, the same day as the announcement of the report, Orexo invites analysts, investors and media to 
attend a presentation where Nikolaj Sørensen, CEO and Joseph DeFeo, CFO, will present the report and host a Q&A. 
Questions can also be sent in advance to [email protected] , no later than 11.00 am CET
Please view the instructions below on how to participate.
Internet: https://tv.streamfabriken.com/orexo-q1-2021
Telephone: SE + 46 8 505 583 56 UK + 44 333 300 92 61 US + 1 833 823 05 90
The presentation material will be available on Orexo´s website prior to the audiocast, view Investors/Reports, presentations and audicasts

This information is information that Orexo AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.00 am CET on April 29, 2021. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/orexo/r/orexo-q1-2021-interim-report,c3336271

The following files are available for download:

SOURCE Orexo

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High Street Insurance Partners Acquires Two New Jersey Firms

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TRAVERSE CITY, Mich., May 13, 2021 /PRNewswire/ — High Street Insurance Partners (HSIP), a full-service insurance brokerage platform, announced today that it has acquired New Jersey-based Paladin Insurance Agency (Paladin) and Richardi-Demola Insurance Agency (RD).  Terms of the transaction were not disclosed.

Both firms specialize in business and personal Insurance solutions.  Tom Geraghty, Agency President, will continue to run both firms and will now report to Scott Goodreau, Managing Partner & COO at HSIP.  The acquisition expands HSIP’s presence in the Northeast and is the first partner in New Jersey.

Helfer & Associates served as advisor to Paladin.

About High Street Insurance Partners
High Street Insurance Partners (HSIP) is a full-service independent insurance brokerage firm.  Founded in 2018, the Traverse City, Michigan-based company provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions delivered through community-focused agencies.  HSIP employs over 500 insurance specialists & consultants in offices based in Colorado, Connecticut, Iowa, Maryland, Michigan, New Jersey, New York, Oregon & Pennsylvania.  Additional information can be found at www.highstreetpartners.com

SOURCE High Street Insurance Partners

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Four Seasons Unveils Additional 2022 Itineraries Aboard the Four Seasons Private Jet Including a New ‘Uncharted Discovery’ Journey to Explore Antarctica, Machu Picchu and More

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“Late last year, we announced three awe-inspiring 2022 itineraries aboard the new Four Seasons Private Jet. The response was overwhelming, with record sellouts and extensive waitlists, signaling considerable pent up demand for travel,” says Christian Clerc, President, Global Operations for Four Seasons Hotels and Resorts. “Now, more than ever, guests are planning bucket-list trips to far corners of the world to make up for lost time. To meet this demand, we’ve introduced two additional opportunities to explore new and remote destinations with legendary Four Seasons service in the sky.”

Clerc continues, “Equally as important as the incredible destinations and experiences, we know that travellers are looking for a seamless service experience where their health and safety is a priority. The Four Seasons Private Jet offers the best of both worlds. From takeoff to landing and at every destination in between, we adhere to the highest standards of health and safety, allowing guests to embrace the wonders of travel in a truly unique way with the utmost comfort and peace of mind.”

A truly one-of-a-kind adventure, the expertly curated itineraries available as part of the Four Seasons Private Jet experience allow passengers to seamlessly cross off a collection of bucket list destinations, leaving the stress of multiple commercial flights, layovers and delays behind.

Introducing Uncharted Discovery, An All-New 21-Day Expedition Featuring Seven Captivating Destinations

Uncharted Discovery – November 28 to December 18, 2022 – New Orleans, USA Peninsula Papagayo, Costa Rica  Machu Picchu, Peru  Buenos Aires, Argentina Antarctica – Bogotá, Colombia – Paradise Island, Bahamas 

The journey begins in the Big Easy, where guests will enjoy welcome cocktails and dinner at the upcoming Four Seasons Hotel New Orleans, a five-star oasis on the banks of the Mississippi River. Early arrivals can explore the one-of-a-kind city renowned for its live jazz scene, spicy Creole cuisine and colourful festivals. Next stop is the serene paradise of golden shores and tropical jungles in Costa Rica. Travellers can experience Peninsula Papagayo’s lush scenery on a thrilling zip line circuit, play a round on the Arnold Palmer-designed championship golf course, or gaze at stars in the southern sky through a powerful GPS-guided telescope while enjoying cocktails and treats infused with meteorite dust at Four Seasons Resort Costa Rica at Peninsula Papagayo.

From Costa Rica, guests will venture into the Peruvian Highlands to Cusco and the Sacred Valley of the Incas, boarding a privately chartered train to the UNESCO World Heritage site of Machu Picchu, an astonishing testament to the might of the Inca Empire. Travellers can visit the historic city of Cusco, offering a wealth of archaeological ruins and Spanish colonial architecture to discover. In Argentina, guests will stay at Four Seasons Hotel Buenos Aires, enjoying a day trip to Iguazú Falls, one of nature’s most magnificent spectacles, named for the place where the Iguazú River plunges over a lava cliff into 275 interlinking waterfalls. Music lovers can take a private behind-the-scenes tour of Buenos Aires’ magnificent opera house, acoustically considered to be one of the five best concert venues in the world.

For the first time ever, the Four Seasons Private Jet will then deliver guests to the Earth’s southernmost continent, Antarctica. Guests will fly over the infamous Drake Passage by charter plane, landing at King George Island before boarding a luxurious polar ship for four nights as they embark on an unforgettable expedition to the seventh continent. While enjoying seamless Four Seasons service in one of the most remote locations on Earth, daily excursions will allow guests to observe incredible wildlife and enjoy scenery of iceberg-dotted bays, brilliant blue glaciers and snow-blanketed landscapes.

Then, in Colombia’s lively capital city, a local artist will guide guests through traditional galleries, open-air displays and neighbourhoods splashed with vibrant street art before a private concert from the world-renowned Bogotá Philharmonic, Colombia’s national symphony orchestra. Four Seasons Hotel Bogota offers a welcome home base in the energetic Zona Rosa, where the city comes alive with high-end boutiques and popular restaurants. Legendary Caribbean hideaway The Ocean Club, A Four Seasons Resort, Bahamas is the final stop of an unforgettable journey. Guests will enjoy soaking in the sun-drenched beauty of the Bahamas, lounging on the pristine private white-sand beach, or a relaxing treatment at the private Balinese-style spa for before a final farewell dinner.

Back by Popular Demand: World of Adventures, a Trailblazing Voyage Across Four Continents

World of Adventures 2022 – May 3 to 26, 2022Seattle, USA – Kyoto, JapanBali, IndonesiaSeychellesRwanda – Marrakech, Morocco – Bogotá, Colombia – Galápagos Islands – Miami, USA

A proven favourite expedition, World of Adventures is back in 2022, offering a tour of eight countries over 24 days for an around-the-world journey like no other. In Seychelles, an expert yogi will guide guests in an evening mediation with a stunning view of the sunset over Petite Anse Bay as the backdrop. In Rwanda, a hike through the lush bamboo forests of Volcanoes National Park offers the chance to witness mountain gorillas in their natural habitat. In the Galápagos Islands, guests will spend three unforgettable nights aboard a private ship to explore the unique archipelago. In Japan, travellers can explore Kyoto’s tranquil temples, colourful shrines and exquisite gardens, while in Marrakech, a myriad sights, sounds and flavours are on offer.

Both Uncharted Discovery and World of Adventures 2022 journeys are complement to three sold out Private Jet itineraries including African Wonders, a 13-day family friendly journey designed for travellers of all ages, Timeless Encounters, a 24-day itinerary exploring vibrant city centres and tranquil islands, and Ancient Explorer, a 24-day around the world journey.

The Reimagined Four Seasons Private Jet

All 2022 itineraries will take place aboard the new Four Seasons Private Jet, an enhanced, enriching and interactive flight experience with meticulous construction and thoughtful Four Seasons design. The new Airbus A321neo-LR aircraft has been fully customised to Four Seasons exacting specifications, with input from previous journey passengers. Offering the widest and tallest cabin in its class, the 48-seat interior has been configured for even greater comfort with as much space as possible for guests to spread out and makes themselves at home.

Anticipating every detail, the Guest Relations team works closely with each passenger from initial inquiry until their safe return home. On board the Four Seasons Private Jet, an experienced flight crew includes a dedicated Concierge, Executive Chef and Journey Physician. While visiting remote destinations, guests will stay at luxury accommodations selected by the Four Seasons team.

Safety First

As conditions continue to evolve, guests can take comfort in the peace of mind that comes with travelling with Four Seasons. In partnership with TCS World Travel and in adherence with Four Seasons on-the-ground enhanced global health and safety program Lead With Care, in place at all hotels, resorts and residences worldwide, Four Seasons works closely with leading global experts and local authorities to protect the health and safety of every Four Seasons guest and employee. This will include medical pre-screening of each passenger, Four Seasons employee and flight crew member prior to embarking on each itinerary, with a Journey Physician accompanying guests throughout the trip.

Booking Information

Travellers interested in booking the luxury adventure of a lifetime are invited to click here for a closer look at the exclusive journeys on offer in some of the world’s most captivating destinations.

Guests who book a Four Seasons Private Jet journey can take advantage of flexible cancellation options. * Conditions apply – for details, inquire here – [email protected].

About the Four Seasons Private Jet Experience

Learn more about the Four Seasons Private Jet Experience and follow the #FSJet hashtag on Twitter and Instagram for the latest news and to continue exploring the Four Seasons Private Jet.

The Four Seasons Private Jet is operated by TCS World Travel, dedicated to delivering immersive, worry-free travel experiences for the globally curious and modern luxury traveller. For more information from the industry leader in private jet journeys, click here.

About Four Seasons Hotels and Resorts

Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 119 hotels and resorts, and 44 residential properties in major city centres and resort destinations in 47 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world’s best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.

Media Contact:
Matthew Levison 
[email protected]
646-274-3631

SOURCE Four Seasons Hotels and Resorts

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https://www.fourseasons.com

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Four Seasons Unveils Additional 2022 Itineraries Aboard the Four Seasons Private Jet Including a New ‘Uncharted Discovery’ Journey to Explore Antarctica, Machu Picchu and More

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“Late last year, we announced three awe-inspiring 2022 itineraries aboard the new Four Seasons Private Jet. The response was overwhelming, with record sellouts and extensive waitlists, signaling considerable pent up demand for travel,” says Christian Clerc, President, Global Operations for Four Seasons Hotels and Resorts. “Now, more than ever, guests are planning bucket-list trips to far corners of the world to make up for lost time. To meet this demand, we’ve introduced two additional opportunities to explore new and remote destinations with legendary Four Seasons service in the sky.”

Clerc continues, “Equally as important as the incredible destinations and experiences, we know that travellers are looking for a seamless service experience where their health and safety is a priority. The Four Seasons Private Jet offers the best of both worlds. From takeoff to landing and at every destination in between, we adhere to the highest standards of health and safety, allowing guests to embrace the wonders of travel in a truly unique way with the utmost comfort and peace of mind.”

A truly one-of-a-kind adventure, the expertly curated itineraries available as part of the Four Seasons Private Jet experience allow passengers to seamlessly cross off a collection of bucket list destinations, leaving the stress of multiple commercial flights, layovers and delays behind.

Introducing Uncharted Discovery, An All-New 21-Day Expedition Featuring Seven Captivating Destinations

Uncharted Discovery – November 28 to December 18, 2022 – New Orleans, USA Peninsula Papagayo, Costa Rica  Machu Picchu, Peru  Buenos Aires, Argentina Antarctica – Bogotá, Colombia – Paradise Island, Bahamas 

The journey begins in the Big Easy, where guests will enjoy welcome cocktails and dinner at the upcoming Four Seasons Hotel New Orleans, a five-star oasis on the banks of the Mississippi River. Early arrivals can explore the one-of-a-kind city renowned for its live jazz scene, spicy Creole cuisine and colourful festivals. Next stop is the serene paradise of golden shores and tropical jungles in Costa Rica. Travellers can experience Peninsula Papagayo’s lush scenery on a thrilling zip line circuit, play a round on the Arnold Palmer-designed championship golf course, or gaze at stars in the southern sky through a powerful GPS-guided telescope while enjoying cocktails and treats infused with meteorite dust at Four Seasons Resort Costa Rica at Peninsula Papagayo.

From Costa Rica, guests will venture into the Peruvian Highlands to Cusco and the Sacred Valley of the Incas, boarding a privately chartered train to the UNESCO World Heritage site of Machu Picchu, an astonishing testament to the might of the Inca Empire. Travellers can visit the historic city of Cusco, offering a wealth of archaeological ruins and Spanish colonial architecture to discover. In Argentina, guests will stay at Four Seasons Hotel Buenos Aires, enjoying a day trip to Iguazú Falls, one of nature’s most magnificent spectacles, named for the place where the Iguazú River plunges over a lava cliff into 275 interlinking waterfalls. Music lovers can take a private behind-the-scenes tour of Buenos Aires’ magnificent opera house, acoustically considered to be one of the five best concert venues in the world.

For the first time ever, the Four Seasons Private Jet will then deliver guests to the Earth’s southernmost continent, Antarctica. Guests will fly over the infamous Drake Passage by charter plane, landing at King George Island before boarding a luxurious polar ship for four nights as they embark on an unforgettable expedition to the seventh continent. While enjoying seamless Four Seasons service in one of the most remote locations on Earth, daily excursions will allow guests to observe incredible wildlife and enjoy scenery of iceberg-dotted bays, brilliant blue glaciers and snow-blanketed landscapes.

Then, in Colombia’s lively capital city, a local artist will guide guests through traditional galleries, open-air displays and neighbourhoods splashed with vibrant street art before a private concert from the world-renowned Bogotá Philharmonic, Colombia’s national symphony orchestra. Four Seasons Hotel Bogota offers a welcome home base in the energetic Zona Rosa, where the city comes alive with high-end boutiques and popular restaurants. Legendary Caribbean hideaway The Ocean Club, A Four Seasons Resort, Bahamas is the final stop of an unforgettable journey. Guests will enjoy soaking in the sun-drenched beauty of the Bahamas, lounging on the pristine private white-sand beach, or a relaxing treatment at the private Balinese-style spa for before a final farewell dinner.

Back by Popular Demand: World of Adventures, a Trailblazing Voyage Across Four Continents

World of Adventures 2022 – May 3 to 26, 2022Seattle, USA – Kyoto, JapanBali, IndonesiaSeychellesRwanda – Marrakech, Morocco – Bogotá, Colombia – Galápagos Islands – Miami, USA

A proven favourite expedition, World of Adventures is back in 2022, offering a tour of eight countries over 24 days for an around-the-world journey like no other. In Seychelles, an expert yogi will guide guests in an evening mediation with a stunning view of the sunset over Petite Anse Bay as the backdrop. In Rwanda, a hike through the lush bamboo forests of Volcanoes National Park offers the chance to witness mountain gorillas in their natural habitat. In the Galápagos Islands, guests will spend three unforgettable nights aboard a private ship to explore the unique archipelago. In Japan, travellers can explore Kyoto’s tranquil temples, colourful shrines and exquisite gardens, while in Marrakech, a myriad sights, sounds and flavours are on offer.

Both Uncharted Discovery and World of Adventures 2022 journeys are complement to three sold out Private Jet itineraries including African Wonders, a 13-day family friendly journey designed for travellers of all ages, Timeless Encounters, a 24-day itinerary exploring vibrant city centres and tranquil islands, and Ancient Explorer, a 24-day around the world journey.

The Reimagined Four Seasons Private Jet

All 2022 itineraries will take place aboard the new Four Seasons Private Jet, an enhanced, enriching and interactive flight experience with meticulous construction and thoughtful Four Seasons design. The new Airbus A321neo-LR aircraft has been fully customised to Four Seasons exacting specifications, with input from previous journey passengers. Offering the widest and tallest cabin in its class, the 48-seat interior has been configured for even greater comfort with as much space as possible for guests to spread out and makes themselves at home.

Anticipating every detail, the Guest Relations team works closely with each passenger from initial inquiry until their safe return home. On board the Four Seasons Private Jet, an experienced flight crew includes a dedicated Concierge, Executive Chef and Journey Physician. While visiting remote destinations, guests will stay at luxury accommodations selected by the Four Seasons team.

Safety First

As conditions continue to evolve, guests can take comfort in the peace of mind that comes with travelling with Four Seasons. In partnership with TCS World Travel and in adherence with Four Seasons on-the-ground enhanced global health and safety program Lead With Care, in place at all hotels, resorts and residences worldwide, Four Seasons works closely with leading global experts and local authorities to protect the health and safety of every Four Seasons guest and employee. This will include medical pre-screening of each passenger, Four Seasons employee and flight crew member prior to embarking on each itinerary, with a Journey Physician accompanying guests throughout the trip.

Booking Information

Travellers interested in booking the luxury adventure of a lifetime are invited to click here for a closer look at the exclusive journeys on offer in some of the world’s most captivating destinations.

Guests who book a Four Seasons Private Jet journey can take advantage of flexible cancellation options. * Conditions apply – for details, inquire here – [email protected].

About the Four Seasons Private Jet Experience

Learn more about the Four Seasons Private Jet Experience and follow the #FSJet hashtag on Twitter and Instagram for the latest news and to continue exploring the Four Seasons Private Jet.

The Four Seasons Private Jet is operated by TCS World Travel, dedicated to delivering immersive, worry-free travel experiences for the globally curious and modern luxury traveller. For more information from the industry leader in private jet journeys, click here.

About Four Seasons Hotels and Resorts

Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 119 hotels and resorts, and 44 residential properties in major city centres and resort destinations in 47 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world’s best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.

Media Contact:
Matthew Levison 
[email protected]
646-274-3631

SOURCE Four Seasons Hotels and Resorts

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https://www.fourseasons.com

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IsoPlexis Strengthens Commercial Leadership with the Appointment of Jason Ou as Asia-Pacific General Manager

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BRANFORD, Conn., May 13, 2021 /PRNewswire/ — IsoPlexis, the leader in single-cell proteomics, today announced that Jason Ou has joined the company as General Manager for the Asia-Pacific (APAC) region. In this role, Mr. Ou will continue to advance IsoPlexis’ growth and expand the company’s customer base in the APAC region.

“We are pleased to have Jason join our leadership team at IsoPlexis,” said Peter Siesel, Chief Commercial Officer of IsoPlexis. “Jason has an extensive track record of leadership, solution-oriented thinking, and customer satisfaction in the life sciences industry. We are confident that his skills and experience will help IsoPlexis continue to further rapid global growth and innovation.”

Mr. Ou brings more than a decade of leadership, operational, and commercial experience in the life sciences industry to IsoPlexis. He joins IsoPlexis from Tecan, a global provider of automated workflow solutions in the life science and clinical diagnostics markets. Mr. Ou started at Tecan as the OEM Components Business Manager for China & Southeast Asia, before becoming Director of OEM Business for APAC. In his last position with Tecan, Mr. Ou was Head of Market Unit Commercial Operations, AP (General Manager APAC). 

“I am very excited to join the IsoPlexis team,” said Jason Ou. “Isoplexis provides incredible technology for single-cell proteomics to bridge the gap for accelerating advanced medicines. I look forward to working with this extraordinarily talented team to bring such groundbreaking technology into APAC region. I am proud to be part of this journey.”

ABOUT ISOPLEXIS:

IsoPlexis is a life science technology company building solutions to accelerate the development of curative medicines and personalized therapeutics. Our award-winning single-cell proteomics systems reveal unique biological activity in small subsets of cells, allowing researchers to connect more directly to in vivo biology and develop more precise and personalized therapies. Our integrated systems, named top innovation or design by the Scientist Magazine, Fierce, BIG Innovation, Red Dot & multiple others, are used globally to advance the field of single-cell biology into new ‘omic possibilities, as our customers generate solutions to overcome the challenges of complex diseases and therapeutics. Our products have been adopted by researchers around the world, including the top 15 global pharmaceutical companies and by 45% of comprehensive cancer centers in the U.S.. Visit http://www.isoplexis.com to learn more.

MEDIA CONTACT:

Jon Chen VP of Marketing IsoPlexis
[email protected]

SOURCE IsoPlexis

Related Links

http://www.isoplexis.com

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