Lilly Revises Date for Fourth-Quarter 2018 Financial Results Announcement

On January 30, 2019 Eli Lilly and Company (NYSE: LLY) has reported that revised the date for its fourth-quarter and full-year 2018 financial results announcement (Press release, Eli Lilly, JAN 30, 2019, View Source [SID1234532960]). The company will now announce results on Wednesday, February 6, 2019, one week earlier than previously scheduled. Lilly will also conduct a conference call on that day with the investment community and media to further detail the company’s financial performance.

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The conference call will begin at 9 a.m. Eastern time. Investors, media and the general public can access a live webcast of the conference call through a link that will be posted on Lilly’s website at View Source A replay will also be available on the website following the conference call.

Novartis delivered strong sales growth with core margin expansion, built leading advanced therapy platforms and focused the company in 2018

On January 30, 2019 Novartis reported strong sales growth with core margin expansion, building leading advanced therapy platforms and focusing the company in 2018 (Press release, Novartis, JAN 30, 2019, View Source [SID1234532959])·

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Full year net sales up 5% (cc1, +6% USD) driven by strong performance of growth drivers:

o Pharmaceuticals BU grew 7% (cc) driven by Cosentyx USD 2.8 billion (+36% cc) and Entresto USD 1.0 billion (+102% cc)

o Oncology BU grew 9% (cc) driven by AAA2 (USD 0.4 billion) including Lutathera, Promacta/Revolade USD 1.2 billion (+35% cc) and Tafinlar + Mekinist USD 1.2 billion (+31% cc)

· Full year core1 operating income grew 8% mainly driven by higher sales and gross margin expansion

· Net income was USD 12.6 billion (+64%) including a USD 5.7 billion net gain from the divestment of OTC JV. Operating income declined 5% mainly due to M&A transactions and restructurings

· Free cash flow1 grew 12% to USD 11.7 billion driven by strong operating cash flows

· Focused the company with transformational deals during 2018:

o Consumer healthcare JV stake divested to GSK for USD 13.0 billion

o Announced proposal to spin-off Alcon Division3; on track for H1 2019

o Sandoz began transformation with reshaping the portfolio4, geographic focus and a leaner cost structure

· Built leading advanced therapy platforms:

o Gene therapy – Acquired AveXis and in-licensed Luxturna

o Radioligand therapy – Acquired AAA and Endocyte

o Cell therapy – Expanding Kymriah global manufacturing including multiple collaborations

· Four additional products reached blockbuster status in 2018; Lutathera, Aimovig and Kymriah for DLBCL were launched; additional ten key launches on track by 2020

· Alcon sales grew 5% (cc, +6% USD) and core operating income grew 10%; expanding core margin

· Sandoz sales down -3% (cc, -2% USD) due to US price pressure; Biopharmaceuticals grew 24% (cc)

· Dividend of CHF 2.85 per share, an increase of 2%, proposed for 2018

· 2019 Group guidance5:

o New focused medicines company6 – Net sales expected to grow mid single digit (cc); core operating income expected to grow mid to high single digit (cc)

o Current Group structure7 – Net sales expected to grow low to mid single digit (cc); core operating income expected to grow mid single digit (cc)

TG Therapeutics, Inc. Announces Publication of Clinical Data from the Phase I Triple Therapy Combination Trial of Ublituximab, Umbralisib, and Ibrutinib in The Lancet Haematology

On January 30, 2019 TG Therapeutics, Inc. (NASDAQ: TGTX) reported the publication of results from the multicenter Phase 1 triple combination trial of ublituximab (TG-1101), the Company’s anti-CD20 monoclonal antibody, umbralisib (TGR-1202), the Company’s oral once-daily PI3K delta inhibitor, and ibrutinib, the oral Bruton’s tyrosine kinase (BTK) inhibitor, in The Lancet Haematology (Press release, TG Therapeutics, JAN 30, 2019, View Source [SID1234532958]).

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The paper includes safety and efficacy information from patients with relapsed or refractory B-cell malignancies, including 23 patients with chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL) and 23 patients with non-Hodgkin lymphoma (NHL). Safety data was available from all 46 patients and the triple combination of ublituximab, umbralisib, and ibrutinib was well tolerated with a manageable adverse event profile, and no maximum tolerated dose achieved for the combination. Efficacy data was available from 44 patients and showed the triple combination to be highly active. The overall response rate (ORR) amongst all evaluable patients was 84%, with 100% (22 of 22) of patients with CLL/SLL achieving a response, including 36% achieving a Complete Response (CR). Among patients with NHL, 68% (15 of 22) achieved a response, including a 71% Overall Response Rate (ORR) in follicular lymphoma (FL) (n=7), a 100% ORR in marginal zone lymphoma (MZL) (n=3), and a 100% ORR in mantle cell lymphoma (MCL) (n=6).

These data are described further in the manuscript entitled, "Tolerability and activity of ublituximab, umbralisib, and ibrutinib in patients with chronic lymphocytic leukemia and non-Hodgkin lymphoma: a phase 1 dose escalation and expansion trial," which was featured as the cover article in the February issue of The Lancet Hematology published yesterday. The online version of the article can be accessed at https://www.thelancet.com/journals/lanhae/article/PIIS2352-3026(18)30216-3/fulltext

Michael S. Weiss, the Company’s Executive Chairman and Chief Executive Officer, stated "We want to thank Dr. Loretta Nastoupil and the MD Anderson Cancer Center, as well as each of the participating trial sites and most importantly the patients who participated in this study. Umbralisib has demonstrated unique combinability with other targeted agents, and the data included in this publication further support our goal of developing a proprietary triple combination of ublituximab, umbralisib and our own BTK inhibitor, TG-1701, for which we target commencing clinical trials later this year."

Castle Biosciences Announces Publication of Prospective Multicenter Study Demonstrating that its DecisionDx-Melanoma Test can Inform Sentinel Lymph Node Biopsy Decisions

On January 30, 2019 Castle Biosciences, Inc., a skin cancer diagnostics company providing personalized genomic information to improve cancer management decisions, reported publication of data supporting clinical use of the DecisionDx-Melanoma test to inform decisions for use of sentinel lymph node biopsy (SLNB), a surgical procedure used to help stage melanoma (Press release, Castle Biosciences, JAN 30, 2019, View Source [SID1234532957]). The study found that the DecisionDx-Melanoma test result can be used with clinicopathologic factors to inform patient discussions and recommendations for SLNB in line with national melanoma clinical practice guidelines. The study was published in Future Oncology.

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Key Study Findings:

National guidelines recommend the SLNB surgical procedure to assess prognosis of melanoma patients whose tumor features suggest at least a 5% likelihood of sentinel lymph node (SLN) positivity. The guidelines do not generally recommend the procedure if a patient has a likelihood of SLN positivity of less than 5% because of the false negative rate of the surgical procedure, associated complication risks and cost.
This study was designed to determine if the DecisionDx-Melanoma 31-gene expression profile (GEP) test could help identify patients with a low risk of SLN positivity (<5%) and validate this intended use.
Predictive modeling indicated the DecisionDx-Melanoma test in combination with tumor depth (T category) and patient age could predict SLN positivity, and this strategy was validated in two independent, prospective, multicenter cohorts totaling 1,421 patients. Patients had a median age of 63 years, median Breslow depth of 1.16 millimeters and 21.4% had ulceration present.
For patients with T1-T2 tumors (≤2.0 millimeters in depth) and a Class 1A test result (lowest risk of recurrence), the risk of SLN positivity was 4.6%. For the subgroup of patients who were 55 years or older the risk decreased to 2.8% and 1.6% for those 65 years or older. Guidelines generally do not recommend the SLNB surgical procedure for patients whose SLN positivity risk is below 5%.
For patients of all ages with T1-T2 tumors who had a Class 2B test result (highest risk of recurrence), the risk of SLN positivity was 18.8%. Guidelines suggest that the SLNB surgical procedure should be offered to patients whose SLN positivity risk exceeds 10%.
To estimate the clinical outcomes of Class 1A patients who would not undergo the SLNB surgical procedure based on a low likelihood for a positive result, a retrospective dataset of 690 patients with long-term follow-up was used. Importantly, at 5 years, Class 1A patients with T1-T2 tumors had a melanoma-specific survival rate of 99.6%, overall survival rate of 98.2%, and distant metastasis-free survival rate of 95.3%.
"The GEP test result, along with tumor thickness and patient age, can help identify a group of patients with melanoma who may avoid the SLNB procedure based on national clinical melanoma guidelines," said the study lead author John Vetto, M.D., Professor of Surgery, Division of Surgical Oncology and Director of the Cutaneous Oncology Program at the Department of Surgery, Oregon Health & Science University. "Providing physicians with accurate risk information to better inform patient discussions about SLNB options is an important advance in the management of melanoma, which can help us better direct resources to patients that really need them."

The full published study results can be accessed at the Future Oncology website.

Sentinel Lymph Node Biopsy Background

SLNB is a surgical procedure generally recommended to assess prognosis in cutaneous melanoma patients. The procedure provides prognostic information and can determine eligibility for adjuvant therapies, but can be associated with complications, adding a significant economic burden to the healthcare system.

Current guidelines recommend that clinicians discuss and/or offer the SLNB procedure with patients who have a 5% or greater likelihood of SLN positivity, and do not recommend the procedure if a patient has a less than 5% likelihood of a positive SLN. For patients who are SLNB eligible, the DecisionDx-Melanoma test can inform SLNB decision-making by identifying a group of patients with low-risk tumor biology who are less than 5% likely to be SLN positive, and thus can safely avoid the procedure.

About DecisionDx-Melanoma

The DecisionDx-Melanoma test uses tumor biology to predict individual risk of melanoma recurrence and sentinel lymph node positivity independent of traditional factors and has been studied in over 2,900 patients. Using tissue from the primary melanoma, the test measures the expression of 31 genes. The test has been validated in three multi-center studies that have included 690 patients and have demonstrated consistent results. Performance has also been confirmed in five prospective studies including over 780 patients. The consistent high performance and accuracy demonstrated in these studies, which combined have included over 1,470 patients, provides confidence in disease management plans that incorporate DecisionDx-Melanoma test results.

Prediction of the likelihood of sentinel lymph node positivity has also been validated in two prospective multicenter cohorts that included over 1,400 patients. Impact on patient management plans for one of every two patients tested has been demonstrated in multi-center and single-center studies. More information about the test and disease can be found at www.SkinMelanoma.com.

Stemline Therapeutics Announces Validation of Marketing Authorization Application (MAA) by the European Medicines Agency (EMA)

On January 30, 2019 Stemline Therapeutics, Inc. (Nasdaq: STML), a commercial-stage biopharmaceutical company focused on the development and commercialization of novel oncology therapeutics, reported that the European Medicines Agency (EMA) has completed its validation of the Marketing Authorization Application (MAA) for ELZONRIS (tagraxofusp-erzs) (Press release, Stemline Therapeutics, JAN 30, 2019, View Source [SID1234532956]). Validation of the MAA confirms that the submission is sufficiently complete to begin the formal review process. Stemline submitted the MAA earlier this month seeking approval of ELZONRIS for the treatment of adult patients with blastic plasmacytoid dendritic cell neoplasm (BPDCN). In November 2018, the MAA was granted accelerated assessment.

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Under European Union legislation, a medicinal product of major public health interest may be reviewed under an accelerated assessment procedure. Accelerated assessment can significantly reduce the timeframe for the EMA Committee for Medicinal Products for Human Use (CHMP) to review an MAA.

ELZONRIS was approved by the U.S. Food and Drug Administration (FDA) on December 21, 2018 for the treatment of adult and pediatric patients, two years and older, with BPDCN. ELZONRIS is currently commercially available in the U.S.

"The validation of our MAA by the EMA represents another major step forward in our effort to provide patients with BPDCN in Europe access to ELZONRIS as expeditiously as possible," said Ivan Bergstein, M.D., Chief Executive Officer of Stemline Therapeutics. "With ELZONRIS now commercially available in the U.S., we remain committed to increasing access for patients with BPDCN who may benefit from ELZONRIS treatment, worldwide."

About BPDCN
BPDCN is an aggressive hematologic malignancy with historically poor outcomes and an area of unmet medical need. The BPDCN cell of origin is the plasmacytoid dendritic cell (pDC) precursor. BPDCN typically presents in the bone marrow and/or skin and may also involve lymph nodes and viscera. The diagnosis of BPDCN is based on the immunophenotypic diagnostic triad of CD123, CD4, and CD56. For more information, please visit the BPDCN disease awareness website at www.bpdcninfo.com.

About ELZONRIS
ELZONRIS (tagraxofusp), a CD123-directed cytotoxin, was approved by the Food and Drug Administration (FDA) on December 21, 2018 for the treatment of adult and pediatric patients, two years and older, with blastic plasmacytoid dendritic cell neoplasm (BPDCN). For full prescribing information in the U.S., visit www.ELZONRIS.com. In November 2018, the European Medicines Agency (EMA) granted ELZONRIS accelerated assessment to the marketing authorization application (MAA), which was submitted to, and validated by, the EMA in January 2019. ELZONRIS is also being evaluated in additional clinical trials in other indications including chronic myelomonocytic leukemia (CMML), myelofibrosis (MF) and other diseases.