Agenus to Host Call to Launch First Asset-Backed Digital-Security Offering in Healthcare on February 19, 2019
LEXINGTON, Mass., Feb. 15, 2019 /PRNewswire/ -- Agenus Inc. (NASDAQ: AGEN), an immuno-oncology (I-O) company with a pipeline of immune modulating antibodies, cancer vaccines, adjuvants and adoptive cell therapies1, announced today that its Biotech Electronic Security Token (BEST), the first digital-security offering in healthcare, will be launched on February 19, 2019.
In association with the launch, Agenus will host a conference call and live webcast at 11:00 a.m. ET on the same day, to provide a full briefing on the digital security and offering process.
Conference Call & Webcast Information
- Presentation Date and Time: February 19, at 11:00am (EST)
- A live webcast & presentation will be accessible at: https://www.webcaster4.com/Webcast/Page/1556/29470
- Domestic Dial-in Number: 1-844-492-3727
- International Dial-in Number: 1-412-317-5118
- Conference ID: Agenus
- Webcast will be also accessible from the "Events & Presentations" section of the Company's investor website at www.agenusbio.com. A replay will be available following the presentation.
Atomic Telegram Channel Discussion
Immediately following the Agenus teleconference, please join Garo Armen, CEO of Agenus Inc, and Alexander S. Blum, CEO of Atomic Capital, to hear more about the first offering of a digital security in healthcare, why Agenus is taking this innovative approach, and how to participate.
- Event Date and Time: February 19, at 12:00PM (EST)
Access to the live online discussion will be available on the Atomic Capital Telegram Channel, located at https://t.me/joinchat/HTsC_xBqNhCHvPMZmuK0Mg. BESTs will be offered by Agenus pursuant to a Private Placement Offering Memorandum that will be made available starting February 19, 2019. Before you invest, you should read the Private Placement Offering Memorandum for more complete information about the offering. This release shall not constitute an offer to sell or the solicitation of an offer to buy BESTs, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.
Agenus is a clinical-stage immuno-oncology company focused on the discovery and development of therapies that engage the body's immune system to fight cancer. The Company's vision is to expand the patient populations benefiting from cancer immunotherapy by pursuing combination approaches that leverage a broad repertoire of antibody therapeutics, proprietary cancer vaccine platforms, and adoptive cell therapies (through its AgenTus Therapeutics subsidiary). The Company is equipped with a suite of antibody discovery platforms and a state-of-the-art GMP manufacturing facility with the capacity to support early phase clinical programs. Agenus is headquartered in Lexington, MA. For more information, please visit www.agenusbio.com and our twitter handle @agenus_bio. Information that may be important to investors will be routinely posted on our website and twitter
Biotech Electronic Security Tokens (BESTs) are blockchain-based securities that will be issued in accordance with Regulation D of the Securities Act of 1933, which will entitle the holders to a portion of U.S. net sales of AGEN2034 until a defined multiple of the original purchase price is earned.
BEST holders will benefit from downside protection in the form of a conversion provision that may be exercised in the event that AGEN2034 does not receive FDA approval by a certain date.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws, including statements regarding the anticipated terms, timing and impact of Agenus' BEST offering, the ability for any accredited investor to purchase BESTs, and the potential approval and commercialization of AGEN2034. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the factors described under the Risk Factors section of our most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K filed with the Securities and Exchange Commission, as well as the Risk Factors included in the Private Placement Offering Memorandum pursuant to which BESTs will be issued. Agenus cautions investors not to place considerable reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this press release, and Agenus undertakes no obligation to update or revise the statements, other than to the extent required by law. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.
Jennifer Buell, PhD
1Through AgenTus Therapeutics, a subsidiary of Agenus
SOURCE Agenus Inc.