Evotec to present at J.P. Morgan Healthcare Conference

On December 17, 2018 Evotec AG (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) reported that its management will be presenting at the J.P. Morgan Healthcare Conference in San Francisco, USA (Press release, Evotec, DEC 17, 2018, View Source;announcements/press-releases/p/evotec-to-present-at-jp-morgan-healthcare-conference-5757 [SID1234532105]):

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37th J.P. Morgan Healthcare Conference, San Francisco, USA

Date: Thursday, 10 January 2019,Presentation: 10 January 2019, 08.00 am PT (11.00 am EST, 04.00 pm GMT, 05.00 pm CET)

Webcast: The webcast link will be made available at the Company’s website

Venue: San Francisco, USA

Attendee: Dr Werner Lanthaler, Chief Executive Officer

Rakuten Aspyrian Enrolling Phase 3 Trial of ASP-1929 for Head and Neck Cancer

On December 17, 2018 Rakuten Aspyrian, a biotechnology company developing precision-targeted cancer therapies based on its proprietary Photoimmunotherapy platform, reported that enrollment is underway in its global, pivotal Phase 3 clinical trial evaluating lead product candidate ASP-1929 in patients with recurrent local regional head and neck squamous cell carcinomas (HNSCC) (Press release, Rakuten Aspyrian, DEC 17, 2018, View Source [SID1234532103]). Rakuten Aspyrian expects to enroll 275 patients at 75 sites in the U.S., Europe and Asia.

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"We look forward to rigorously evaluating ASP-1929 in this pivotal trial to determine if our Photoimmunotherapy results in improved survival and quality of life for patients with few treatment options," said Mickey Mikitani, chief executive officer of Rakuten Aspyrian. "We believe that treatment with ASP-1929 and Photoimmunotherapy can lead to the selective destruction of head and neck cancer cells and provide an effective therapy to manage the disease."

The multi-center, randomized, open-label study called LUZERA-301 will test the effectiveness, safety and tolerability of ASP-1929 in patients with late-stage, recurrent, local regional HNSCC who have previously failed at least two lines of therapy and are not eligible for surgery or radiation. Participants will be randomized to receive experimental therapy or investigator’s choice of systemic therapy (2:1). In the experimental arm of the study, patients will receive up to eight cycles of intravenous doses of ASP-1929 each followed by fixed amounts of red light applied at the tumor site with sufficient energy to activate the drug and induce cancer cell necrosis. In the control arm, investigator’s choice may include methotrexate, docetaxel or cetuximab.

The dual-primary endpoints of the study are progression-free survival and overall survival, and multiple secondary endpoints include objective response rate, complete response rate and validated quality of life measurements. The study includes a pre-specified interim analysis for efficacy and if the results are significant, Rakuten Aspyrian may submit them to the U.S. Food and Drug Administration for consideration for early approval.

"Leading oncology research institutes in the U.S., Japan and Europe are participating in this first-ever randomized Phase 3 trial of ASP-1929 Photoimmunotherapy for third-line treatment of recurrent locoregional head and neck cancer, including those that participated in our previous Phase 1 and 2 clinical trials," said Merrill Biel, M.D., Ph.D., F.A.C.S., chief medical officer of Rakuten Aspyrian. "Interim results from previous studies of our first-in-class therapy support the potential for ASP-1929 to treat this deadly disease while preserving normal healthy tissues in the head and neck area that are so critical to maintaining a patient’s quality of life. We very much look forward to the potential realization of this novel therapy to treat a disease of medical need."

About Head and Neck Cancer
Head and neck cancer is the sixth most commonly diagnosed cancer and the eighth most common cause of cancer death worldwide.1 Squamous cell carcinoma accounts for greater than 90% of all head and neck cancer. More than 650,000 new cases are diagnosed globally each year.2 Five-year survival rates among patients with stage III and IV HNSCC have only marginally improved over the past 30 years.3

The treatment outcomes for patients with recurrent HNSCC who have failed two lines of therapy remain poor, with essentially no curative options and very low response rates. Due to the poor prognosis of the patients, there is a need for new therapeutic modalities that would provide recurrent refractory HNSCC patients with treatment options that are targeted, minimally invasive, have limited systemic side effects and provide for improved tumor response and control and quality of life.

About ASP-1929 Photoimmunotherapy
ASP-1929, a conjugate of cetuximab and IRDye 700DX, targets epidermal growth factor receptor (EGFR), a cancer antigen expressed in multiple types of solid tumors, including head and neck squamous cell carcinomas, esophagus, lung, colon, pancreas and other cancers. This first-in-class therapy targets cancer cells, after which the compound is locally activated with red light using a proprietary investigational laser and fiber optics. The local activation of the tumor-selective conjugate targets the tumor but not surrounding normal tissues and structures. ASP-1929 received Fast Track designation by the U. S. Food and Drug Administration for the treatment of HNSCC.

Interim results of a Phase 1/2 trial in patients with HNSCC showed a clinically meaningful improvement in the objective response rate, and potential improvements in progression free survival and overall survival when compared to historical data for the standard of care treatments currently available to this patient population. Top line results of the ASP-1929 Phase 1/2 trial are expected in the first quarter of 2019.

ASP-1929 is an investigational compound that is not approved for any use in any country.

Cancer Genetics Terminates Proposed Merger with NovellusDx

On December 17, 2018 Cancer Genetics, Inc. (Nasdaq: CGIX), a leader in enabling precision medicine for immuno-oncology and genomic medicine through molecular markers and diagnostics, reported that it has terminated the previously-announced merger agreement with NovellusDx, effective immediately (Press release, Cancer Genetics, DEC 17, 2018, View Source [SID1234532102]).

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As a result of the termination of the merger agreement, the Company will pursue alternative strategic and financial transactions with the goal of enhancing shareholder value. The Company will again work with Raymond James & Associates, Inc. as a financial advisor in its evaluation of a broad range of financial and strategic alternatives, including additional capital raising transactions, the acquisition of another company or complementary assets or the potential sale or merger of the Company or another type of strategic partnership.

John A. Roberts, Chief Executive Officer of Cancer Genetics, commented, "Based on difficulties we have had in advancing the merger process, as well as certain other factors, we believed it was in the best interests of Cancer Genetics and our shareholders to terminate the merger agreement with NovellusDx. Notwithstanding these challenges, we continue to make progress in our core business. Over the course of 2018, and in the third quarter in particular, we have continued to make substantive advancements toward streamlining our operations, creating more focus in our strategy and positioning the Company to grow revenues through the expansion of our biopharma business while maintaining strict control over our expenses. We have strengthened our management team, continue to improve our lab processes and formed strategic partnerships that are expected to contribute new streams of revenue to drive our long-term growth. We believe that we are on track to deliver solid operational performance in the fourth quarter of 2018 and remain confident in the strength of our core business, the continued dedication of our talented professional staff, and the strong relationships we have with our biopharma customers. We will continue to work with Raymond James to evaluate new potential strategic and financial alternatives aimed at enhancing shareholder value, are optimistic about our future and look forward to providing further updates on this process. "

Kineta Enters Research Collaboration and License Agreement with Pfizer to Develop New Cancer Immunotherapies

On December 17, 2018 Kineta Immuno-Oncology, LLC (KIO), a subsidiary of Kineta, Inc., reported that it has entered into a strategic research collaboration with Pfizer Inc. (NYSE: PFE) to develop RIG-I agonist immunotherapies for the treatment of cancer (Press release, Kineta, DEC 17, 2018, View Source [SID1234532100]). The research collaboration and license agreement grants to Pfizer the exclusive rights to KIO’s RIG-I screening platform and related compounds and technologies. The companies will collaborate to develop and test small molecule agonists that target RIG-I, an innate immunostimulatory pathway that can elicit immunogenic cell death (ICD) in tumors, providing both direct tumor cell killing and enhanced anti-tumor immune responses.

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In preclinical models, Kineta’s RIG-I agonists have demonstrated complete tumor regression and an increase in tumor-specific T cells when given as a monotherapy. Additionally, the compounds have demonstrated synergistic effects when used in combination with other immunotherapies like checkpoint inhibitors. Kineta’s proprietary approach is part of an internally developed discovery program focused on innate immune drug targets in cancer. The lead program is focused on the RIG-I pathway, which is differentiated from other innate immune-targeted immunotherapies as its compounds are small molecule drugs with the potential for oral and systemic administration.

"This alliance will enable Kineta and Pfizer to leverage each company’s expertise to accelerate the development of our RIG-I immuno-oncology program," said Kineta CEO, Shawn Iadonato. "Pfizer is an excellent partner for Kineta’s technology, with a strong commitment to oncology and outstanding development capabilities. We are very enthusiastic about this new cancer immunotherapy collaboration, which represents the second major partnering transaction for Kineta this year."

Dr. Robert Abraham, Senior Vice President and Group Head of Pfizer’s Oncology Research & Development Group said: "Therapies that trigger activation of the innate immune response in tumors have significant potential to expand the number of patients who will benefit from cancer immunotherapy, especially if they can be administered systemically. Kineta has taken a promising, differentiated approach to the discovery of RIG-I agonists, and we are looking forward to collaborating with Kineta and jointly developing these RIG-I-targeted agents into medicines with potentially unique immune-stimulating properties."

Under the terms of the agreement, KIO will receive a $15 million upfront payment and will be eligible to receive up to $505 million in potential research, development and sales milestone payments. Additionally, KIO is eligible to receive tiered royalties on net sales. Pfizer will fund RIG-I target-related research conducted by Kineta for an initial period of three years, after which Pfizer will be responsible for further development and commercialization of product candidates.

Torreya acted as exclusive financial advisor to Kineta on this transaction.

Abbott Hosts Conference Call for Fourth-Quarter Earnings

On December 17, 2018 Abbott (NYSE: ABT) reported that it will announce its fourth-quarter 2018 financial results on Wednesday, Jan. 23, 2019, before the market opens (Press release, Abbott, DEC 17, 2018, View Source [SID1234532099]).

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The announcement will be followed by a live webcast of the earnings conference call at 8 a.m. Central time (9 a.m. Eastern), and will be accessible through Abbott’s Investor Relations website at www.abbottinvestor.com. An archived edition of the call will be available later that day.