Month: October 2017

Myriad Genetics Highlights Strong Commitment to Preventing and Fighting Breast Cancer as Part of Breast Cancer Awareness Month

On October 02, 2017 Myriad Genetics, Inc. (NASDAQ:MYGN), a leader in molecular diagnostics and personalized medicine, continues to demonstrate an unmatched commitment to hereditary cancer risk assessment and genetic testing during Breast Cancer Awareness Month (Press release, Myriad Genetics, OCT 2, 2017, View Source [SID1234520744]). As the second leading form of cancer in the United States, breast cancer kills one woman every 13 minutes, with more than 250,000 new cases of breast cancer expected to be diagnosed this year alone.

“Myriad has been actively contributing to the fight against breast cancer since 1991. We have been at the forefront of a change in hereditary cancer risk assessment and witnessed remarkable progress in the last 25 years. More than ever before, our hereditary cancer risk assessment and genetic tests deliver critical answers, providing women with more power and control over their future,” said Johnathan Lancaster, M.D., Ph.D., chief medical officer, Myriad Genetics. “Conquering a devastating illness like breast cancer will require even more effort. Myriad will accomplish this through pioneering innovation, research collaborations and investment. We’re optimistic that we will make an even bigger difference for women in the years ahead.”

Our Portfolio of Leading Breast Cancer Tests
Myriad’s portfolio of personalized medicine tools to help doctors prevent and treat breast cancer include: myRisk Hereditary Cancer, riskScore, and EndoPredict. Additionally, the Company is advancing its companion diagnostics such as BRACAnalysis CDx and myChoice HRD for patients with breast cancer through ongoing research collaborations with multiple pharmaceutical companies.

Following is an overview of Myriad’s portfolio of personalized medicine tests for breast cancer:

myRisk Hereditary Cancer is a 28-gene panel and helps doctors understand an unaffected woman’s risk of developing hereditary breast cancer using genetic testing and family history. In contrast, for women already diagnosed with breast cancer, the myRisk test can help identify their risk of secondary cancers, help inform medical management, and may help prevent cancer in unaffected family members who inherited a cancer-causing mutation.

People can find out if they’re candidates for myRisk Hereditary Cancer by going to HereditaryCancerQuiz.com. The quiz is a brief online questionnaire that helps people determine whether they should be further evaluated for hereditary breast cancer and other types of cancer. On average, the quiz takes less than 1 minute to complete.

riskScore is the newest addition to Myriad’s breast cancer portfolio and is available for certain patients who receive a negative myRisk Hereditary Cancer test result. riskScore combines genetic markers throughout the human genome with a woman’s family and clinical history to predict her 5-year and lifetime risk of developing breast cancer.

EndoPredict is a test that combines genetic and clinical data to identify women with low-risk breast cancer who can safely forego chemotherapy after surgery and help maintain their quality of life.
Myriad is known for pioneering scientific breakthroughs and exceptional science. We bring that same spirit to our partnerships with pharmaceutical companies to develop companion diagnostic tests. These personalized medicine tests will help identify patients who are likely to benefit from certain medicines. Our companion diagnostic tests include:

BRACAnalysis CDx is a companion diagnostic test that detects germline BRCA1 and BRCA2 mutations and helps indicate whether or not patients with cancer who may preferentially benefit from the PARP inhibitor class of drugs. Most recently, BRACAnalysis CDx was used to successfully identify patients with metastatic breast cancer that responded to PARP inhibitors and will be submitted to the FDA as a companion diagnostic for use in these patients.

MyChoice HRD is a test that assesses a cancer’s inability to repair DNA damage. The results will help doctors identify more patients who may preferentially benefit from DNA-damaging medicines and PARP inhibitors. myChoice HRD is being studied in ongoing clinical trials for breast cancer.
If you are interested in learning more about Myriad’s commitment to breast cancer, talk to your healthcare professional and visit www.myriad.com to learn more about myRisk Hereditary Cancer, riskScore, EndoPredict, BRACAnalysis CDx and myChoice HRD.

Our Commitment to Patient Advocacy and Access
Myriad is committed to advocating for the discovery and delivery of personalized medicine for patients with breast cancer. The company has a long track record of partnering with advocacy organizations that promote awareness and research on breast cancer and many other diseases. Additionally, we believe access to genetic testing is an essential component of personalized medicine and can help patients live longer, healthier lives, while saving the healthcare system money.

Patients can access our genetic tests a number of ways, including through health insurance coverage from an employer-sponsored health plan, a health insurance exchange plan or a program like Medicare or Medicaid. Myriad also offers financial assistance programs for those who may have trouble accessing tests or lack coverage. The Company has provided more than $76 million in financial assistance to patients over the past five fiscal years (Table 1).

Table 1: Myriad Financial Assistance Contributions

FY2017 FY2016 FY2015 FY2014 FY2013
$ 20,946,808 $ 17,800,000 $ 14,300,000 $ 13,300,000 $ 10,400,000

Ignyta Announces New Data Highlighting Immuno-Oncological Efficacy of RXDX-106 at 2017 AACR Tumor Immunology and Immunotherapy Meeting

On October 02, 2017 Ignyta, Inc. (Nasdaq: RXDX), a biotechnology company focused on precision medicine in oncology, reported new preclinical data for RXDX-106 – a novel immunomodulatory agent with potent anti-tumor activity, alone and in combination with checkpoint inhibitors, that appears to restore and enhance overall immune function by reversing immunosuppression of innate immune cells in the tumor microenvironment (TME) through TYRO3, AXL, and MER (TAM) receptor tyrosine kinase (RTK) inhibition (Press release, Ignyta, OCT 2, 2017, View Source [SID1234520743]). The data were presented in a poster session (abstract number A37) at the American Association for Cancer Research (AACR) (Free AACR Whitepaper) Special Conference on Tumor Immunology and Immunotherapy in Boston, Massachusetts.

“We continue to be excited by the preclinical profile of RXDX-106 and its potential to elicit and potentiate an immune response to cancer, both as a single agent and combined with checkpoint inhibitors,” said Jonathan Lim, M.D., chairman and CEO of Ignyta. “TAM receptors are novel immuno-oncologic RTK targets for precision medicine therapies such as RXDX-106, which we are eager to bring into the clinic as soon as possible to potentially help patients in their fight against cancer.”

In the study, researchers demonstrated immune-mediated, single-agent anti-tumor activity of RXDX-106 in multiple tumor models. The anti-tumor effect was further enhanced by combination therapy with immune checkpoint inhibitors, potentially by reversing immunosuppression of innate immunity in the TME. The data also suggest that RXDX-106 has a novel mechanism of enhancing overall immune function by activating both innate and adaptive immunity, as observed by treatment-mediated changes in relevant cytokine levels and immune cell biomarkers, and regulating cross-talk between immune and cancer cells. These promising early findings support further development of RXDX-106 to potentially treat a wide variety of cancers.

SELLAS Enters into a Clinical Trial Collaboration and Supply Agreement with Merck & Co., Inc., Kenilworth, N.J., USA

On October 2, 2017 SELLAS Life Sciences Group, Ltd. (SELLAS), a development-stage biopharmaceutical company focused on novel cancer immunotherapies for a broad range of cancer indications, reported entry into a Clinical Trial Collaboration and Supply Agreement for the conduct of a combination clinical trial targeting multiple cancer types with Merck & Co., Inc., Kenilworth, N.J., USA (known as MSD outside the United States and Canada) (Press release, Galena Biopharma, OCT 2, 2017, View Source [SID1234520742]). SELLAS’ Wilms tumor-1 (WT1)-targeting peptide immunotherapeutic agent, galinpepimut-S, will be administered in combination with MSD’s anti-PD-1 therapy KEYTRUDA (pembrolizumab) in a Phase 1/2 trial enrolling patients in five cancer indications, including both hematologic malignancies and solid tumors.

The purpose of the trials is to determine if the administration of galinpepimut-S in combination with KEYTRUDA has the potential to demonstrate clinical activity in the presence of macroscopic disease, where monotherapy with either agent would have a more limited effect. The rationale for the study is based upon the presumed immunobiologic and pharmacodynamic synergy between the two agents, whereby the negative influence of tumor microenvironment factors on the immune response is mitigated by PD-1 inhibition (by KEYTRUDA) thus allowing the patients’ own immune cells to invade and destroy cancerous growth deposits specifically sensitized against WT1 (by galinpepimut-S).

Angelos Stergiou, MD, ScD h.c., Vice Chairman and Chief Executive Officer of SELLAS, stated, “SELLAS is enthused to embark upon this trial with MSD as we look to expand the utility of galinpepimut-S in combination with other agents. The KEYTRUDA/galinpepimut-S active immunotherapy combination is positioned to exploit the unique features of each of these two agents through potential synergistic immune-based mechanisms of antitumor action. If positive, this clinical effort will allow us to evaluate indications whereby galinpepimut-S and KEYTRUDA could be further studied in combination, providing the basis for a potentially promising cancer immunotherapy approach in the future.”

The Phase 1/2 trial will utilize a combination of galinpepimut-S plus KEYTRUDA in patients with WT1-positive relapsed or refractory tumors. Specifically, the study is expected to explore the following cancer indications: colorectal (arm enriched in but not exclusive to patients with microsatellite instability-low [MSI-L]), ovarian, small cell lung, triple-negative breast, and AML. This study will assess the efficacy and safety of the combination, comparing overall response rates (ORRs) and immune response markers achieved with the combination versus prespecified rates based on those seen with KEYTRUDA alone in comparable patient populations. The trial is anticipated to begin in the first half of 2018.

Galinpepimut-S is currently expected to enter a pivotal, Phase 3 clinical trial in patients with acute myeloid leukemia (AML) and is also in various development phases in multiple myeloma (MM) and ovarian cancer, while additional indications are expected as a monotherapy or in combination with other immuno-oncology agents. Galinpepimut-S demonstrated positive Phase 2 clinical results as well as induction of strong and sustained immune responses (both CD4+ and CD8+) against the WT1 antigen in AML and malignant pleural mesothelioma in 2016 and MM in 2017, while being able to access a broad range of human leukocyte antigen (HLA) types; tolerability has been good across indications to date.

The Clinical Trial and Collaboration Supply Agreement is between Sellas Life Sciences Group Ltd. and MSD through a subsidiary. Additional details of the collaboration were not disclosed.

Foundation Medicine Receives Approval from the State of New York for its FoundationACT Liquid Biopsy Assay

On October 2, 2017 Foundation Medicine, Inc. (NASDAQ:FMI) reported that it received approval from the New York State (NYS) Clinical Laboratory Evaluation Program (CLEP) for its FoundationACT blood-based circulating tumor DNA (ctDNA) assay (Press release, Foundation Medicine, OCT 2, 2017, View Source [SID1234520741]). The CLEP regulates and seeks to ensure the accuracy and reliability of test results in clinical laboratories located in or accepting specimens from NYS. With the approval of FoundationACT, the company’s suite of comprehensive genomic profiling products is available to oncologists and patients in all 50 states.

The FoundationACT assay is designed to identify clinically-relevant genomic alterations driving the growth of a patient’s cancer. This liquid biopsy assay can help physicians identify treatment options by providing clinically actionable information about potential targeted therapies and/or available clinical trials from only a blood sample. FoundationACT is analytically validated to detect genomic alterations in more than 60 of the most clinically-relevant cancer genes in solid tumors.

“We believe New York state conducts one of the most rigorous assessments of laboratory developed tests in the nation, and its approval of FoundationACT speaks to the quality and reliability of our assay,” stated Jeffrey S. Ross, M.D., medical director for Foundation Medicine. “We’re delighted to begin offering FoundationACT to physicians and their patients in the State of New York, and most importantly, to advance access and improve treatment options for individuals living with cancer.”

Cullinan Oncology Secures $150 Million Series A Financing To Build Innovative Development Company

On October 3, 2017 Cullinan Oncology, LLC reported a $150 million Series A financing co-led by the UBS Oncology Impact Fund (OIF) managed by MPM Capital, a worldwide leader in oncology investing, and F2 Ventures (Press release, Cullinan Oncology, OCT 3, 2017, https://www.cullinanoncology.com/2017/10/03/cullinan-oncology-secures-150-million-series-a-financing-to-build-innovative-development-company/ [SID1234520759]). Created by MPM Capital, Cullinan was formed to develop high-value oncology therapeutics with a unique, cost-efficient business model.

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"MPM continues to seek innovative ways to finance and develop new therapies in the increasingly dynamic oncology marketplace," said Ansbert Gadicke, Chairman of Cullinan and MPM Co-Founder. "We have assembled a diverse team of seasoned executives, and we have confidence in their ability to generate novel therapies and strong returns."

Cullinan Co-founder and Chief Scientific Officer and MPM Managing Director Patrick Baeuerle stated, "We look forward to capitalizing on recent scientific breakthroughs across a broad range of cancer targets and therapeutic modalities. The pace of discovery in oncology is nearly unmatched, and will continue to drive better outcomes for patients."

Led by an accomplished team of oncology researchers, biopharma executives and experienced entrepreneurs, Cullinan is a company predicated on distributing risk while maximizing optionality through the construction of a diversified portfolio of internally developed as well as externally sourced oncology assets. Cullinan’s scalable model minimizes the fixed costs and inefficiencies of many traditional development approaches through strategic partnerships and a shared services platform.

"This capital infusion, coupled with the talent and structural advantages of Cullinan, positions us well to execute our vision of building a portfolio of assets geared towards dramatically improving the standard of care for those living with cancer," stated Owen Hughes, Cullinan CEO and MPM Managing Director.

World Class Management

CEO Owen Hughes joined Cullinan from Intarcia Therapeutics, where he served as the Chief Business Officer and Head of Corporate Development. While at Intarcia, he was responsible for business development, M&A, and financing, including one of the largest ex-US licensing deals to date. In addition, he helped raise approximately $1.8 billion in private capital through various equity, debt and royalty structures. Prior to Intarcia, Hughes accumulated over 16 years of Wall Street experience, most notably as a director at Bain Capital Public Equity.

Having played key roles in multiple breakthrough oncology therapies, Cullinan’s highly distinguished scientific management team includes:

Patrick Baeuerle, PhD, Cullinan’s Co-founder and Chief Scientific Officer, Biologics, and MPM Managing Director. An immune oncology pioneer, Baeuerle has co-founded MPM oncology start-ups Harpoon, TCR², iOmx, and Maverick, and led the development of BiTE antibody Blincyto, which was approved within three months by the U.S. FDA for relapsed/refractory acute lymphoblastic leukemia (ALL). Prior to Cullinan and MPM, Baeuerle served as Vice President, Research and General Manager of Amgen Research Munich GmbH, and Chief Scientific Officer of Micromet from 1998-2012. To date, he has published 238 PubMed-listed papers that have been cited more than 64,000 times.
Leigh Zawel, PhD, Cullinan’s Chief Scientific Officer, Small Molecules and MPM Managing Director. Zawel is an oncology expert with significant pharmaceutical experience over-seeing large and small molecule projects at Pfizer, Merck, Sanofi-Aventis and Novartis. Most recently, Zawel was Vice President and East Coast Site Head for Pfizer’s Centers for Therapeutic Innovation where he managed a portfolio of large and small molecule projects spanning oncology, immunology and rare disease from which five clinical stage programs emerged in five years.
Briggs Morrison, MD, Clinical Advisor to Cullinan and MPM Managing Director. Dr. Morrison is also the CEO of Syndax Pharmaceuticals (NASDAQ: SNDX), an MPM portfolio company. His distinguished career includes leading roles at AstraZeneca, Pfizer and Merck, with direct involvement in the development of oncology drugs Zolinza, Lynparza, Iressa & Tagrisso.
Complementing the clinical leadership is a team of business development and financial executives that provide deep industry experience to guide Cullinan’s future progress, including:

Corinne Savill, PhD, Cullinan’s Chief Business Officer. An accomplished pharmaceutical executive, Savill was most recently at Novartis, where she was Head of Business Development and Licensing for the Pharma Division, and previously led Pricing and Market Access and the European Transplant Business Unit for Novartis. Savill started her career in research roles at AstraZeneca and Imutran Ltd. in the UK.
Kristen Laguerre, MBA, Cullinan’s CFO and MPM Managing Director, Finance. With 18 years of financial leadership and management experience in the venture industry, Laguerre was most recently Partner and CFO at Flare Capital Partners and, previously, at Atlas Venture and SoftBank Capital. She began her early career at Arthur Andersen LLP.
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