Evelo Biosciences Announces Top-Line Results From its Phase 2 Clinical Study with EDP2939 in Moderate Psoriasis - Primary endpoint was not achieved – - Company exploring strategic alternatives and partnering opportunities for EDP1815 and its SINTAX platform - CAMBRIDGE, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO) (“Evelo” or the “Company”), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announced top-line results from its Phase 2...
PFSweb, Inc. to be Acquired by GXO Logistics, Inc. - GXO Logistics to Acquire All Outstanding PFSweb Shares for $7.50 Per Share, Representing a 58% Premium to PFSW’s 20-Day VWAP - - Transaction Expected to be Completed in the Fourth Quarter of 2023 - IRVING, Texas, Sept. 14, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the “Company” or “PFSweb”) has entered into an Agreement and Plan of Merger to be acquired by GXO Logistics, Inc. (NYSE: GXO) (“GXO”), the world’s largest pure-play contract logistics provider, for an equity value of approximately $181 million. The transactio...
PFSweb Announces Results of 2023 Annual Meeting of Stockholders IRVING, Texas, Aug. 29, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") held its Annual Meeting of Stockholders today, August 29, 2023, in Irving, Texas. All Company proposals were approved by the Company’s stockholders, including: the election of six directors; compensation of the Company’s named executive officers on a non-binding, advisory basis; an amendment to the Rights Agreement with Computershare Inc.; an amendment to the Company's 2020 Stock and Incentive Plan to increase the number of shares of...
Evelo Biosciences Announces Second Quarter Financial Results and Recent Business Highlights – EDP2939 Phase 2 trial in moderate psoriasis fully enrolled with topline data expected early Q4 2023– Completed $25.5 Million Private Placement– Restructured and reduced secured debt with Horizon Technology Finance Corporation CAMBRIDGE, Mass., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq: EVLO), (“Evelo” or the “Company”) a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis...
PFSweb Reports Strong Second Quarter 2023 Results Service Fee Revenue Growth Driven by Ongoing Fulfillment Demand Strength in Core Verticals Second Quarter Bookings Set New PFS Record Raising Full Year 2023 Annual Service Fee Revenue Growth Guidance to a Range of 8% to 13% IRVING, Texas, Aug. 08, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") is reporting results for the second quarter ended June 30, 2023. “We continued to support strong growth in our fulfillment services and sales bookings during the second quarter,” said Mike Willoughby, CEO of PFSweb....
PFSweb Sets Second Quarter 2023 Conference Call for Tuesday, August 8 at 5:00 p.m. ET IRVING, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the “Company”), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, August 8, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 8, 2023Time: 5:0...
Evelo Biosciences Closes $25.5 Million Private Placement Restructures and reduces secured debt with Horizon Technology Finance Corporation Appoints two new members and decreases size of Board of Directors CAMBRIDGE, Mass., July 12, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO) (the “Company” or “Evelo”), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announces that it closed the previously announced private placement, resulting in gross proceeds ...
Evelo Biosciences Announces $25.5 Million Private Placement CAMBRIDGE, Mass., July 10, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announced that it has entered into a securities purchase agreement with investors in a private placement to sell 11,025,334 shares of its common stock (the “Shares”) at a purchase price of $2.31 per share, which would result in gross proceeds of approximately $25.5 millio...
Evelo Biosciences Announces Reverse Stock Split Effective – EVLO common stock expected to begin trading on a split-adjusted basis on June 30, 2023 – CAMBRIDGE, Mass., June 29, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s common stock. The reverse stock split will become effective at 5:00 p.m. Eastern Ti...
PFSweb Announces Closing of $25 Million Asset-Based Lending Agreement IRVING, Texas, June 21, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW), a premier eCommerce order fulfillment provider, announced today the closing of a $25 million asset-based secured lending agreement with Texas Capital Bank, the lending affiliate of Texas Capital Bancshares, Inc. (NASDAQ: TCBI). Under the credit agreement, and subject to the terms set forth therein, the lenders have agreed to provide Priority Fulfillment Services, Inc., a subsidiary of PFSweb, Inc., with a $25 million revolving loan facility f...
PFSweb Reports First Quarter 2023 Results eCommerce Fulfillment and Luxury Brand Demand Drive Service Fee Revenue Growth and Sales Booking Momentum, Building Upon Record 2022 Performance Recorded Strongest Q1 Fulfillment Activity Levels in Company History Reiterating Full Year 2023 Guidance of 5% to 10% Annual Service Fee Revenue Growth IRVING, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") is reporting results for the first quarter ended March 31, 2023. “In the first quarter, we carried on the momentum from our record per...
PFS Continues Expansion in the United Kingdom Opening New Fulfillment Center in England in Response to Strong Demand for UK Order Fulfillment Services and Organic Growth Among Existing Clients IRVING, Texas, May 04, 2023 (GLOBE NEWSWIRE) -- PFS (NASDAQ: PFSW) (the “Company”), a premier eCommerce order fulfillment provider, has entered into an agreement for lease for a new fulfillment center in Fareham, England. The Company is poised to continue expanding in the United Kingdom (UK) as it looks to capture growing demand for eCommerce order fulfillment services in the region. Amid various...
PFSweb Sets First Quarter 2023 Conference Call for Tuesday, May 9 at 5:00 p.m. ET IRVING, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the “Company”), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, May 9, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, May 9, 2023Time: 5:00 p.m. East...
Evelo Biosciences Provides Clinical Updates – Topline Data from fourth cohort of EDP1815 Phase 2 trial in atopic dermatitis did not meet primary endpoint –– Company will focus on development of extracellular vesicles (EVs) –– First EV candidate, EDP2939, in Phase 2 moderate psoriasis study fully enrolled; data anticipated in early Q4 2023 –– Management to host conference call today at 8:30 a.m. ET – CAMBRIDGE, Mass., April 26, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation...
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