AbbVie to Showcase Growing Oncology Portfolio and Commitment to Treating Blood Cancers at the 2016 American Society of Hematology Annual Meeting

On November 3, 2016 AbbVie (NYSE: ABBV), a global biopharmaceutical company, reported that data from 25 abstracts evaluating an important variety of investigational uses of the company’s portfolio of blood cancer medicines will be presented during the 58th American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting, December 3-6, in San Diego, CA (Press release, AbbVie, NOV 3, 2016, View Source [SID1234516204]).

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AbbVie will present results from several studies evaluating ibrutinib, an inhibitor of Bruton’s tyrosine kinase (BTK) being developed by Pharmacyclics, an AbbVie company, and Janssen Biotech, Inc., across a number of blood cancers. AbbVie will also present data on venetoclax, a BCL-2 inhibitor, being developed by AbbVie and Genentech, a member of the Roche Group. The scientific presentations describe the potential of ibrutinib and venetoclax in multiple hematologic malignancies, including chronic lymphocytic leukemia (CLL), multiple myeloma (MM) and acute myeloid leukemia (AML), among others. Data for elotuzumab, co-developed by Bristol-Myers Squibb and AbbVie, in MM will also be presented at the meeting.

"Every year the American Society of Hematology (ASH) (Free ASH Whitepaper) meeting marks the opportunity to show AbbVie’s success in advancing important treatments for people impacted by cancer," said Dr. Gary Gordon, vice president, oncology development, AbbVie. "Through our work with scientists, doctors and patients, AbbVie is presenting data highlighting progress in the discovery and development of new and promising therapies to treat blood cancers."

AbbVie abstracts:

Ibrutinib

Outcomes of Ibrutinib Therapy by Age in Patients with CLL/SLL: Analyses from Phase 3 Trial Data (RESONATE and RESONATE-2); J.Woyach et al.; Abstract 2041; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
11q Deletion (del11q) Is Not a Prognostic Factor for Adverse Outcomes for Patients with Chronic Lymphocytic Leukemia/Small Lymphocytic Lymphoma (CLL/SLL) Treated with Ibrutinib: Pooled Data from 3 Randomized Phase 3 Studies; T. Kipps et al.; Abstract 2042; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
Five-Year Experience with Single-Agent Ibrutinib in Patients with Previously Untreated and Relapsed/Refractory Chronic Lymphocytic Leukemia/Small Lymphocytic Leukemia; S. O’Brien et al.; Abstract 233; Oral Session; Saturday, December 3, 2016; 5 p.m. PST
Updated Efficacy and Safety from the Phase 3 RESONATE-2 Study: Ibrutinib as First-Line Treatment Option in Patients 65 Years and Older with Chronic Lymphocytic Leukemia/Small Lymphocytic Leukemia; P. Barr et al.; Abstract 234; Oral Session; Saturday, December 3, 2016; 5:15 p.m. PST
Single-Agent Ibrutinib Demonstrates Efficacy and Safety in Patients with Relapsed/Refractory Marginal Zone Lymphoma: A Multicenter, Open-Label, Phase 2 Study; A. Noy et al.; Abstract 1213; Oral Session; Monday, December 5, 2016; 6:15 p.m. PST
A Multicenter Open-Label Phase 1b/2 Study of Ibrutinib in Combination with Lenalidomide and Rituximab in Patients with Relapsed or Refractory Diffuse Large B-Cell Lymphoma (DLBCL); A. Goy et al.; Abstract 473; Oral Session; Sunday, December 4, 2016; 5:30 p.m. PST
Ibrutinib Combined with Rituximab in Treatment-Naïve Patients with Follicular Lymphoma: Arm 1 + Arm 2 Results from a Multicenter, Open-Label Phase 2 Study; N. Fowler et al.; Abstract 1804; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
Integrated and Long-Term Safety Analysis of Ibrutinib in Patients with Chronic Lymphocytic Leukemia (CLL)/Small Lymphocytic Lymphoma (SLL); S. Coutre et al.; Abstract 4383; Poster Session; Monday, December 5, 2016; 6-8 p.m. PST
Changes in Clinical Stage Identify Different Response Categories among Patients in iwCLL PR: Analysis of CLL Patients on the RESONATE Study; C. Moreno et al.; Abstract 4384; Poster Session; Monday, December 5, 2016; 6-8 p.m. PST
Ibrutinib Potentiated NK Cell-Mediated Cytotoxicity in Mouse Models of B-Cell Lymphomas; H. Kuo et al.; Abstract 4140; Poster Session; Monday, December 5, 2016; 6-8 p.m. PST

Venetoclax

M13-365: Detailed Safety Analysis of Venetoclax Combined with Rituximab in Patients with Relapsed/Refractory Chronic Lymphocytic Leukemia; D. Brander et al.; Abstract 2033; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
M14-032: Venetoclax (VEN) Monotherapy for Patients with Chronic Lymphocytic Leukemia (CLL) Who Relapsed After or Were Refractory to Ibrutinib or Idelalisib; J. Jones et al.; Abstract 637; Oral Session; Monday, December 5, 2016; 7 a.m. PST
Safety Profile of Venetoclax Monotherapy in Patients with Chronic Lymphocytic Leukemia; J. Seymour et al.; Abstract 4395; Poster Session; Monday, December 5, 2016; 6-8 p.m. PST
Attainment of Complete Remission is Significantly Associated with Longer Survival Outcomes in Relapsed/Refractory (R/R) CLL: A Meta-Analysis; V. Ektare et al.; Abstract 2045; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
Pooled Multi-trial Analysis of Venetoclax Efficacy in Patients with Relapsed or Refractory Chronic Lymphocytic Leukemia; A. Roberts et al.; Abstract 3230; Poster Session; Sunday, December 4, 2016; 6-8 p.m. PST
M13-367: Venetoclax Monotherapy for Relapsed/Refractory Multiple Myeloma: Safety and Efficacy Results from a Phase I Study; S. Kumar et al.; Abstract 488; Oral Session; Sunday, December 4, 2016; 4:30-6 p.m. PST
M12-901: Venetoclax Combined with Bortezomib and Dexamethasone for Patients with Relapsed/Refractory Multiple Myeloma; P. Moreau et al.; Abstract 975; Oral Session; Monday, December 5, 2016; 2:45-4:15 p.m. PST
Correlative Biomarkers of Response to Venetoclax in Combination with Chemotherapy or Hypomethylating Agents in Elderly Untreated Patients with Acute Myeloid Leukemia; B. Chyla et al.; Abstract 1709; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
M14-387: Safety and Efficacy of Venetoclax Plus Low-Dose Cytarabine in Treatment-Naïve Patients Aged >=65 Years with Acute Myeloid Leukemia (AML); A. Wei et al.; Abstract 102; Oral Session; Saturday, December 3, 2016; 9:30-11 a.m. PST
BO29337 (CONTRALTO): Phase 2 Study of Venetoclax plus Rituximab or Bendamustine+Rituximab Versus BR Alone in Relapsed/Refractory Follicular Lymphoma: Preliminary Data; Hiddemann et al.; Oral Session; Monday, December 5, 2016; 7-8:30 p.m. PST
GO28440: Results of a Phase Ib Study (GO28440) of Venetoclax with Bendamustine/Rituximab or Bendamustine/Obinutuzumab in Patients with Relapsed/Refractory or Previously Untreated Chronic Lymphocytic Leukemia; Salles et al.; Poster Session; Monday, December 5, 2016; 6-8 p.m. PST
GO27878 (CAVALLI): Results of a Phase Ib Study of Venetoclax Plus R- or G-CHOP in Patients with B-cell Non-Hodgkin Lymphoma; A. Zelenetz et al.; Poster Session; Sunday, December 4, 2016; 6-8 p.m. PST
BCL-2 Family Expression Favor t(11;14)+ Patients Amongst Molecular Subgroups of Multiple Myeloma, for Susceptibility to Single Agent Venetoclax; J. Wu et al.; Online Publication

Elotuzumab

Safety and Efficacy of Elotuzumab with Lenalidomide/Dexamethasone for Multiple Myeloma in a Japanese Subpopulation Analysis of the Phase 3 ELOQUENT-2 Trial; K. Ohashi et al.; Abstract 3315; Poster Session; Sunday, December 4, 2016; 6-8 p.m. PST
Budget Impact Analysis of Introducing Elotuzumab in Combination with Lenalidomide and Dexamethasone for Relapsed/Refractory Multiple Myeloma: A U.S. Payer Perspective; R. Potluri et al.; Abstract 2363; Poster Session; Saturday, December 3, 2016; 5:30-7:30 p.m. PST
The ASH (Free ASH Whitepaper) 2016 Annual Meeting abstracts are available at View Source

About IMBRUVICA (ibrutinib) in the U.S.
IMBRUVICA is a first-in-class, oral, once-daily therapy that inhibits a protein called Bruton’s tyrosine kinase (BTK). BTK is a key signaling molecule in the B-cell receptor signaling complex that plays an important role in the survival and spread of malignant B cells.1,2 IMBRUVICA blocks signals that tell malignant B cells to multiply and spread uncontrollably.1

IMBRUVICA is approved to treat patients with CLL/SLL, patients with mantle cell lymphoma (MCL) who have received at least one prior therapy, and patients with Waldenström’s macroglobulinemia. Accelerated approval was granted for the MCL indication based on overall response rate. Continued approval for this indication may be contingent upon verification of clinical benefit in confirmatory trials.1

IMBRUVICA was one of the first medicines to receive U.S. FDA approval via the new Breakthrough Therapy Designation pathway.

IMBRUVICA is being studied alone and in combination with other treatments in several blood and solid tumor cancers. More than 6,000 patients have been treated with IMBRUVICA in clinical trials. Currently, 14 Phase 3 trials have been initiated with IMBRUVICA and more than 90 trials are registered on www.clinicaltrials.gov.

Patient Access to IMBRUVICA
AbbVie and Janssen strive to make access to IMBRUVICA easy by helping patients understand their insurance benefits for IMBRUVICA. The YOU&i Support Program is a personalized program that includes information on access and affordability, nurse call support and resources for patients being treated with IMBRUVICA. This includes the YOU&i Instant Savings program, which provides co-pay support to eligible commercially insured IMBRUVICA patients. Patients can access the program by contacting 1-877-877-3536, option 1 or by visiting View Source

The YOU&i Instant Savings program is not available for patients enrolled in Medicare or Medicaid. For a list of patient support organizations that may be able to provide financial support please visit: View Source

U.S. IMPORTANT SAFETY INFORMATION

WARNINGS AND PRECAUTIONS

Hemorrhage – Fatal bleeding events have occurred in patients treated with IMBRUVICA. Grade 3 or higher bleeding events (intracranial hemorrhage [including subdural hematoma], gastrointestinal bleeding, hematuria, and post-procedural hemorrhage) have occurred in up to 6% of patients. Bleeding events of any grade, including bruising and petechiae, occurred in approximately half of patients treated with IMBRUVICA.

The mechanism for the bleeding events is not well understood. IMBRUVICA may increase the risk of hemorrhage in patients receiving antiplatelet or anticoagulant therapies and patients should be monitored for signs of bleeding. Consider the benefit-risk of withholding IMBRUVICA for at least 3 to 7 days pre- and postsurgery depending upon the type of surgery and the risk of bleeding.

Infections – Fatal and nonfatal infections have occurred with IMBRUVICA therapy. Grade 3 or greater infections occurred in 14% to 29% of patients. Cases of progressive multifocal leukoencephalopathy (PML) have occurred in patients treated with IMBRUVICA. Evaluate patients for fever and infections and treat appropriately.

Cytopenias – Treatment-emergent Grade 3 or 4 cytopenias including neutropenia (range, 19% to 29%), thrombocytopenia (range, 5% to 17%), and anemia (range, 0% to 9%) based on laboratory measurements occurred in patients treated with single agent IMBRUVICA. Monitor complete blood counts monthly.

Atrial Fibrillation – Atrial fibrillation and atrial flutter (range, 6% to 9%) have occurred in patients treated with IMBRUVICA, particularly in patients with cardiac risk factors, hypertension, acute infections, and a previous history of atrial fibrillation. Periodically monitor patients clinically for atrial fibrillation. Patients who develop arrhythmic symptoms (e.g., palpitations, lightheadedness) or new-onset dyspnea should have an ECG performed. Atrial fibrillation should be managed appropriately and if it persists, consider the risks and benefits of IMBRUVICA treatment and follow dose modification guidelines.

Hypertension – Hypertension (range, 6% to 17%) has occurred in patients treated with IMBRUVICA with a median time to onset of 4.6 months (range, 0.03 to 22 months). Monitor patients for new-onset hypertension or hypertension that is not adequately controlled after starting IMBRUVICA. Adjust existing antihypertensive medications and/or initiate antihypertensive treatment as appropriate.

Second Primary Malignancies – Other malignancies (range, 5% to 16%) including non-skin carcinomas (range, 1% to 4%) have occurred in patients treated with IMBRUVICA. The most frequent second primary malignancy was non-melanoma skin cancer (range, 4% to 13%).

Tumor Lysis Syndrome – Tumor lysis syndrome has been infrequently reported with IMBRUVICA therapy. Assess the baseline risk (e.g., high tumor burden) and take appropriate precautions. Monitor patients closely and treat as appropriate.

Embryo-Fetal Toxicity – Based on findings in animals, IMBRUVICA can cause fetal harm when administered to a pregnant woman. Advise women to avoid becoming pregnant while taking IMBRUVICA and for 1 month after cessation of therapy. If this drug is used during pregnancy or if the patient becomes pregnant while taking this drug, the patient should be apprised of the potential hazard to a fetus.

ADVERSE REACTIONS

The most common adverse reactions (?20%) in patients with B-cell malignancies (MCL, CLL/SLL, and WM) were neutropenia* (64%), thrombocytopenia* (63%), diarrhea (43%), anemia* (41%), musculoskeletal pain (30%), rash (29%), nausea (29%), bruising (29%), fatigue (27%), hemorrhage (21%), and pyrexia (21%).

*Based on adverse reactions and/or laboratory measurements (noted as platelets, neutrophils, or hemoglobin decreased).

The most common Grade 3 or 4 non-hematologic adverse reactions (?5%) in MCL patients were pneumonia (7%), abdominal pain (5%), atrial fibrillation (5%), diarrhea (5%), fatigue (5%), and skin infections (5%).

Approximately 6% (CLL), 14% (MCL), and 11% (WM) of patients had a dose reduction due to adverse reactions.

Approximately 4%-10% (CLL), 9% (MCL), and 6% (WM) of patients discontinued due to adverse reactions. Most frequent adverse reactions leading to discontinuation were pneumonia, hemorrhage, atrial fibrillation, rash and neutropenia (1% each) in CLL patients and subdural hematoma (1.8%) in MCL patients.

DRUG INTERACTIONS

CYP3A Inhibitors – Avoid coadministration with strong and moderate CYP3A inhibitors. If a moderate CYP3A inhibitor must be used, reduce the IMBRUVICA dose.

CYP3A Inducers – Avoid coadministration with strong CYP3A inducers.

SPECIFIC POPULATIONS

Hepatic Impairment – Avoid use in patients with moderate or severe baseline hepatic impairment. In patients with mild impairment, reduce IMBRUVICA dose.

Please see full U.S. Prescribing Information: View Source

About Venclexta (venetoclax) in the U.S.
Venclexta (venetoclax) is an oral B-cell lymphoma-2 (BCL-2) inhibitor indicated in the U.S. for the treatment of patients with relapsed/refractory CLL with 17p deletion, as detected by an FDA-approved test.3 The BCL-2 protein prevents apoptosis (programmed cell death) of some cells, including lymphocytes, and can be overexpressed in CLL cells.3 Venclexta is designed to selectively inhibit the BCL-2 protein.3 Venclexta was developed in collaboration with Genentech and Roche.

Together, the companies are committed to BCL-2 research with venetoclax, which is currently being evaluated in Phase 3 clinical trials for the treatment of relapsed/refractory and first-line CLL, along with early phase studies in several cancers.

Venetoclax is under evaluation by health authorities in multiple countries, and is currently approved in Argentina, Puerto Rico and Canada.

Agios to Present New Data from PKR and IDH Programs at the 2016 ASH Annual Meeting

On November 3, 2016 Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) reported that new data from the company’s lead programs will be presented at the 2016 American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition in San Diego, December 3-6, 2016 (Press release, Agios Pharmaceuticals, NOV 3, 2016, View Source;p=RssLanding&cat=news&id=2219236 [SID1234516202]).

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In total, five abstracts led by Agios describing new clinical data from the company’s cancer metabolism and rare genetic metabolic disorders programs have been accepted for presentation at ASH (Free ASH Whitepaper). Two additional abstracts from Celgene and Boston Children’s Hospital have also been accepted.

The accepted abstracts are listed below and are now available online on the ASH (Free ASH Whitepaper) conference website: View Source

Oral Presentations

Effects of AG-348, a Pyruvate Kinase Activator, on Anemia and Hemolysis in Patients With Pyruvate Kinase Deficiency: Data From the DRIVE PK Study
Date & Time: Sunday, December 4, 2016 at 5:45 p.m. PT
Session Title: 101. Red Cells and Erythropoiesis, Structure and Function, Metabolism, and Survival, Excluding Iron: Anemia and Disordered Erythropoiesis
Abstract Number: 402
Location: San Diego Convention Center, Room 7AB

Determination of IDH1 Mutational Burden and Clearance via Next-Generation Sequencing in Patients With IDH1 Mutation-Positive Hematologic Malignancies Receiving AG-120, a First-in-Class Inhibitor of Mutant IDH1
Date & Time: Monday, December 5, 2016 at 4:45 p.m. PT
Session Title: 616. Acute Myeloid Leukemia: Novel Therapy, excluding Transplantation: FLT3 and IDH Targeted Therapies in AML
Abstract Number: 1070
Location: Marriott Marquis San Diego Marina, San Diego Ballroom AB

Enasidenib (AG-221), a Potent Oral Inhibitor of Mutant Isocitrate Dehydrogenase 2 (IDH2) Enzyme, Induces Hematologic Responses in Patients with Myelodysplastic Syndromes (MDS)
Date & Time: Sunday, December 4, 2016 at 9:30 a.m. PT
Session Title: 637. Myelodysplastic Syndromes—Clinical Studies: Higher Risk MDS Clinical Studies
Abstract Number: 343
Location: Manchester Grand Hyatt San Diego, Grand Hall C

Poster Presentations

Safety, Tolerability, Pharmacokinetics and Pharmacodynamics of Multiple Doses of AG-519, an Allosteric Activator of Pyruvate Kinase-R, in Healthy Subjects
Date & Time: Saturday, December 3, 2016 from 5:30 p.m. to 7:30 p.m. PT
Session Title: 101. Red Cells and Erythropoiesis, Structure and Function, Metabolism, and Survival, Excluding Iron: Poster I
Abstract Number: 1264
Location: San Diego Convention Center, Hall GH

Population Pharmacokinetics and Pharmacodynamics of AG-519, a Pyruvate Kinase Activator for the Treatment of Pyruvate Kinase Deficiency, in Human Healthy Volunteers
Date & Time: Saturday, December 3, 2016 from 5:30 p.m. to 7:30 p.m. PT
Session Title: 101. Red Cells and Erythropoiesis, Structure and Function, Metabolism, and Survival, Excluding Iron: Poster I
Abstract Number: 1263
Location: San Diego Convention Center, Hall GH

Characterization of Metabolic Response to AG-348, an Allosteric Activator of Red Cell Pyruvate Kinase, in Healthy Volunteers and Pyruvate Kinase Deficiency Patients
Date & Time: Sunday, December 4, 2016 from 6:00 p.m. to 8:00 p.m. PT
Session Title: 101. Red Cells and Erythropoiesis, Structure and Function, Metabolism, and Survival, Excluding Iron: Poster II
Abstract Number: 2452
Location: San Diego Convention Center, Hall GH

Iron Overload is Highly Prevalent in All Disease Severity States in Pyruvate Kinase Deficiency (PKD)
Date & Time: Sunday, December 4, 2016 from 6:00 p.m. to 8:00 p.m. PT
Session Title: 101. Red Cells and Erythropoiesis, Structure and Function, Metabolism, and Survival, Excluding Iron: Poster II
Abstract number: 2430
Location: San Diego Convention Center, Hall GH

Acceleron Announces New Data Presentations at the 58th American Society of Hematology Annual Meeting and Exposition

On November 3, 2016 Acceleron Pharma Inc. (NASDAQ:XLRN), a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of innovative therapeutics to treat serious and rare diseases, reported that data from five abstracts on the investigational protein therapeutics, luspatercept and sotatercept, will be presented at the 58th American Society of Hematology (ASH) (Free ASH Whitepaper) Annual Meeting and Exposition being held in San Diego, California on December 3-6, 2016 (Press release, Acceleron Pharma, NOV 3, 2016, View Source [SID1234516201]).

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The oral and poster presentations will include data from Phase 2 studies with luspatercept, which is being developed under a global partnership with Celgene for the treatment of myelodysplastic syndromes and beta-thalassemia. The clinical presentations at the conference will include updated information beyond that which is contained in the abstracts now available online on the ASH (Free ASH Whitepaper) conference website.

Oral presentations

Title:
Luspatercept Increases Hemoglobin, Decreases Transfusion Burden and Improves Iron Overload in Adults with Beta-Thalassemia (Abstract #851)
Session: 112. Thalassemia and Globin Gene Regulation: Clinical Advances in Thalassemia
Date: Monday, December 5th
Time: 3:45 p.m. PST (San Diego Convention Center, Room 7AB)

Title:
Phase-2 Study of Sotatercept (ACE-011) in Myeloproliferative Neoplasm-Associated Myelofibrosis and Anemia (Abstract #478)
Session: 634. Myeloproliferative Syndromes: Clinical: Clinical Trials with Agents Other Than JAK Inhibitors
Date: Sunday, December 4th
Time: 5:15 p.m. PST (Marriott Marquis San Diego Marina, Marriott Grand Ballroom Salons 8-9)

Poster presentations

Title:
Pharmacokinetics and Exposure-Response of Luspatercept in Patients with Anemia Due to Low- or Intermediate-1-Risk Myelodysplastic Syndromes (MDS): Preliminary Results from Phase 2 Studies (Abstract #1990)
Session: 637. Myelodysplastic Syndromes – Clinical Studies: Poster I
Date: Saturday, December 3rd
Time: 5:30 – 7:30 p.m. PST (San Diego Convention Center, Hall GH)

Title:
Luspatercept Increases Hemoglobin and Reduces Transfusion Burden in Patients with Low-Intermediate Risk Myelodysplastic Syndromes (MDS): Long-Term Results from Phase 2 PACE-MDS Study (Abstract #3168)
Session: 637. Myelodysplastic Syndromes – Clinical Studies: Poster II
Date:
Sunday, December 4th
Time: 6:00 – 8:00 p.m. PST (San Diego Convention Center, Hall GH)

Title:
Pharmacokinetics and Exposure-Response of Luspatercept in Patients with Beta-Thalassemia: Preliminary Results from Phase 2 Studies (Abstract #2463)
Session: 112. Thalassemia and Globin Gene Regulation: Poster II
Date: Sunday, December 4th
Time: 6:00 – 8:00 p.m. PST (San Diego Convention Center, Hall GH)

The luspatercept posters and presentation slides will be available in the "Science" section on Acceleron’s website (www.acceleronpharma.com).

About Luspatercept

Luspatercept is a modified activin receptor type IIB fusion protein that acts as a ligand trap for members in the Transforming Growth Factor-Beta (TGF-beta) superfamily involved in the late stages of erythropoiesis (red blood cell production). Luspatercept regulates late-stage erythrocyte (red blood cell) precursor cell differentiation and maturation. This mechanism of action is distinct from that of erythropoietin (EPO), which stimulates the proliferation of early-stage erythrocyte precursor cells. Acceleron and Celgene are jointly developing luspatercept as part of a global collaboration. Phase 3 clinical trials are underway to evaluate the safety and efficacy of luspatercept in patients with myelodysplastic syndromes (the "MEDALIST" study) and in patients with beta-thalassemia (the "BELIEVE" study). For more information, please visit www.clinicaltrials.gov.

About Sotatercept

Sotatercept is an activin receptor type IIA fusion protein that acts as a ligand trap for members in the Transforming Growth Factor-Beta (TGF-β) superfamily involved in fibrosis, vascular calcification, bone mineral density and late stage erythropoiesis (red blood cell production). Acceleron and Celgene are jointly developing sotatercept as part of a global collaboration. Sotatercept is currently in multiple Phase 2 investigator initiated trials. For more information, please visit www.clinicaltrials.gov.

Insys Therapeutics Reports Third Quarter 2016 Results

On November 3, 2016 Insys Therapeutics, Inc. (NASDAQ:INSY) ("Insys" or "the Company") reported financial results for the three-month period ended September 30, 2016 (Press release, Insys Therapeutics, NOV 3, 2016, View Source;p=RssLanding&cat=news&id=2219054 [SID1234516196]).

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Highlights of and subsequent to the third quarter of 2016 include:

Total net revenue was $55.2 million, compared to $91.3 million for the third quarter of 2015;
Net income totaled $190,000, or $0.00 per basic and $0.00 per diluted share, compared to net income of $26.1 million, or $0.36 per basic and $0.34 per diluted share, for the third quarter of 2015;
Cash, cash equivalents and investments were $217.2 million as of September 30, 2016; and
Insys received FDA approval for the marketing of SyndrosTM (dronabinol oral solution), a proprietary, orally administered liquid formulation of dronabinol.
"Although Subsys volumes declined in the quarter, we are pleased to have maintained a mid-40% market share and believe the product will continue to provide a solid financial foundation for growth and to support our R&D efforts," said Dr. John N. Kapoor, Chairman, President and Chief Executive Officer of Insys Therapeutics. "We are currently awaiting DEA scheduling of Syndros, our recently FDA approved product for cancer induced nausea and vomiting and anorexia associated with weight loss in AIDS patients. We look forward to launching Syndros, our second commercial product, which we believe has distinct advantages over the current formulation of dronabinol in soft gel capsule. We remain excited about our pipeline and believe that both our spray and cannabinoid platform products will provide opportunities for future growth," he concluded.

Third Quarter 2016 Financial Results

Net revenue for the third quarter of 2016 was $55.2 million compared to $91.3 million for the third quarter of 2015, a decrease of 39.5%. The results reflect a decline in Subsys prescription volumes due to softness in overall demand in the TIRF category, including Subsys, and continued pressure from third-party payers.

Gross margin was 92% for the third quarter of 2016 compared with 92% for the comparable quarter of 2015.

Sales and marketing expense was $16.7 million during the third quarter of 2016, or 30% of net revenue, compared to $19.2 million, or 21% of net revenue, for the third quarter of 2015.

Research and development expense increased to $16.5 million for the third quarter of 2016, compared to $12.3 million for the third quarter of 2015, as we continue to advance the multistage products in our pipeline.

General and administrative expense increased to $17.7 million for the third quarter of 2016, up from $13.7 million for the third quarter of 2015, and included a non-cash equity compensation charge of approximately $4 million in connection with the departure of a former executive.

Net income for the third quarter of 2016 was $190,000, or $0.00 per basic and $0.00 per diluted share, compared to net income of $26.1 million, or $0.36 per basic and $0.34 per diluted share, for the third quarter of 2015. Non-GAAP adjusted net income for the third quarter of 2016 was $5.0 million, or $0.07 per diluted share, compared to non-GAAP adjusted net income of $38.0 million, or $0.50 per diluted share, in the prior-year quarter. The reconciliation of net income to non-GAAP adjusted net income is included at the end of this press release.

Liquidity

The Company had $217.2 million in cash, cash equivalents, and short-term and long-term investments, no debt, and $269 million in stockholders’ equity as of September 30, 2016.

Third quarter 2016 report

On November 3, 2016 Innate Pharma SA (the "Company" – Euronext Paris: FR0010331421 – IPH) reported its revenues and cash position for the first nine months of 2016 (Press release, Innate Pharma, NOV 3, 2016, View Source [SID1234516195]).

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Cash, cash equivalents and financial instruments of the Company amounted to €239.6 million at September 30, 2016, including current and non-current financial assets (€243.6 million at June 30, 2016). At the same date, its financial liabilities amounted to €5.6 million (€4.1 million at June 30, 2016).

The consumption of cash, cash equivalents and financial instruments amounted to €4.0 million for the third quarter of 2016. This includes the collection during the period of the research tax credit relating to the year 2015 (€7.0 million) and of €2.0 million relating to finance-leases.

This revenue mainly results from:

€27.2 million resulting from the co-development and commercialization agreement with AstraZeneca, corresponding to the recognition over the period of the initial payment received in April 2015 (€5.9 million for the same period in 2015);
€0.7 million from the collaboration and licensing agreement with Bristol-Myers Squibb corresponding to the recognition of the upfront payment received in July 2011 (€4.4 million from a milestone payment for the same period in 2015).
As a reminder, within the frame of the collaboration and licensing agreement signed with Bristol-Myers Squibb in July 2011, the upfront payment received (€24.9 million, $35.3 million) was recognized in revenue during the expected period of duration of the clinical program in progress at the date of the contract. This upfront payment was entirely recognized as of June 30, 2016.

Regarding the co-development and commercialization agreement with AstraZeneca, the Company recognizes the initial payment of $250 million over the period during which the Company is committed to complete the studies and based on actual expenses incurred. The measurement of progress has been based on actual expenses incurred compared to the total estimated amount of expenses to be incurred for these studies.

Hervé Brailly, Chief Executive Officer of Innate Pharma, commented: "Innate Pharma is pleased to report another period of significant progress, as our core programs continue to advance in the clinic and we are maintaining a solid cash position. Preliminary safety and clinical activity results for IPH4102 have been presented at the world congress of cutaneous lymphomas. These results are encouraging for this wholly-owned program. Recently, our partner Bristol-Myers Squibb reported safety data for lirilumab and we now look forward to the release of efficacy data at the SITC (Free SITC Whitepaper) annual meeting in a few days. Beyond our clinical programs, we have continued to invest in our proprietary preclinical pipeline as we seek to build the Company’s wholly-owned portfolio of programs and improve cancer treatment and clinical outcomes for patients."