Bavarian Nordic Reports Positive Result from ongoing Phase 2 Trial Evaluating BN-Brachyury in Chordoma

On June 5, 2019 Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) reported that the Data and Safety Monitoring Board (DSMB) confirmed a partial response in one of the first chordoma patients recruited and treated with the combination of BN-Brachyury and radiation treatment at the first evaluation timepoint (Press release, Bavarian Nordic, JUN 5, 2019, View Source [SID1234536930]). As this meets the initial pre-defined threshold of activity for the first stage of the Phase 2 trial, recruitment will be expanded to enroll another 19 patients, while the first 10 patients continue to be treated and evaluated.

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The proof-of-concept Phase 2 trial was designed to determine if the combination of BN-Brachyury and radiation therapy, the current standard of care, results in a clinically meaningful objective response rate (ORR), measured as a percentage of patients with a decrease in tumor size within 12 months of radiation therapy. This is a timeframe during which historical controls show an ORR of less than 5% with radiation alone.

The first stage of the study enrolled 10 patients between November 2018 and January 2019. The study will now advance into stage 2, expanding enrollment to a total of 29 patients with an overall goal of achieving 4 patients with objective responses, corresponding to an ORR of ~14% for all patients enrolled for the study to be considered successful.

"We are excited to share these first Phase 2 data from our current immuno-oncology pipeline, and also the first data suggesting clinical activity of combining our targeted immunotherapy with standard of care," said Paul Chaplin, President and Chief Executive Officer of Bavarian Nordic. "We are encouraged by the rapid progression of this trial, which may offer final results sooner than anticipated and hope this initial finding is confirmed in a larger number of patients and that BN-Brachyury may improve treatment options for patients with chordoma."

For more information on how to take part in this trial, please visit the website of the Chordoma Foundation, who is working to advance new therapies to improve the lives of chordoma patients, and is also actively supporting Bavarian Nordic in the study: View Source

About chordoma
Chordoma is a rare cancer that universally overexpresses brachyury and occurs in the base of the skull and spine. There are approximately 1,000 new cases of chordoma diagnosed in the U.S. and E.U. annually, and 10,000 people living with the disease. Current treatments have resulted in limited success against chordoma, with a historical objective response rate of less than 5% with radiation alone.

About BN-Brachyury
Bavarian Nordic’s novel immuno-oncology candidate, BN-Brachyury, targets a key prognostic indicator of several common (e.g. colorectal, prostate, small cell lung, and triple negative breast cancer) and rare or orphan (e.g. chordoma, thyroid, neuroendocrine) cancers. Brachyury is a transcription factor that is believed to play a prominent role the metastasis and progression of tumors. Expression of brachyury is highly correlated with metastatic disease, poor overall survival, multi-drug resistance, and decreased survival rates. BN-Brachyury utilizes a prime-boost vaccination regimen that has been optimized to include the gene for brachyury and other molecules known to increase immune activation. Patients will receive a primer of MVA-BN Brachyury followed by booster doses of the recombinant fowlpox virus. A previous phase 1 trial demonstrated that MVA-BN-Brachyury could safely target brachyury and induce brachyury-specific T-cell immune responses.

BN-Brachyury has received orphan drug status from the FDA.

Medicenna To Present Preliminary Top-Line Results on MDNA55 at the Immuno-Oncology Pharma Congress

On June 5, 2019 Medicenna Therapeutics Corp. ("Medicenna" or "the Company") (TSX: MDNA,OTCQB: MDNAF), a clinical stage Immuno-Oncology company, reported that it will present preliminary top-line results from the recently completed Phase 2b clinical trial of MDNA55 for the treatment of recurrent glioblastoma at the Inaugural Immuno-Oncology Pharma Congress to be held from June 18-20, 2019 during World Pharma Week in Boston, MA (Press release, Medicenna Therapeutics, JUN 5, 2019, View Source [SID1234536912]).

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The details of the oral presentation are as follows:

Presenter:

Dr. Fahar Merchant

Title:

The Art of War: Combating Recurrent Glioblastoma with MDNA55, an IL4 Guided Toxin – Interim Top-Line Phase 2b Results

Date/Time:

Tuesday, June 18, 2019 at 11:45am

Location:

Seaport World Trade Center, 200 Seaport Boulevard, Boston, MA 02210

In addition, Medicenna will be presenting new preclinical data on its pipeline compound MDNA109, an IL2 Superkine, in a poster entitled: "Engineering a long-acting CD122 biased IL-2 superkine displaying potent anti-tumoral response." The poster will be presented by Dr. Moutih Rafei, Head of Discovery at Medicenna Therapeutics.

BioMarin to Participate in Goldman Sachs 40th Annual Global Healthcare Conference on Tuesday, June 11 in Rancho Palos Verdes, CA

On June 5, 2019 BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) reported that Henry Fuchs, M.D., President, Worldwide Research & Development, will present at the Goldman Sachs 40th Annual Global Healthcare Conference on Tuesday, June 11 at 8:40am PT/11:40am ET in Rancho Palos Verdes, California (Press release, BioMarin, JUN 5, 2019, View Source [SID1234536911]). To access the live webcast, please visit the investor section of the BioMarin website, www.biomarin.com. A replay will also be archived on the site for at least one week following each event.

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Peloton Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

On June 5, 2019 Peloton ("Peloton" or the "Company") reported that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock (Press release, Peloton Therapeutics, JUN 5, 2019, View Source [SID1234536910]). The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.

OncoMyx Therapeutics Completes $25 Million Series A Financing

On June 5, 2019 OncoMyx Therapeutics, a privately-held oncolytic immunotherapy company founded on the myxoma virus (MYXV) platform from Arizona State University (ASU), reported the completion of a $25 million series A financing led by Boehringer Ingelheim Venture Fund (BIVF), Delos Capital, and Xeraya Capital with participation from Korea Investment Partners (KIP), City Hill Ventures, and Madison Partners (Press release, OncoMyx Therapeutics, JUN 5, 2019, View Source [SID1234536909]). OncoMyx plans to use the proceeds to advance development of its lead oncolytic virus (OV) therapeutic program for the treatment of various cancers.

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Concurrent with the financing, Steve Potts, Ph.D., MBA, founder and chief executive officer of OncoMyx, Kanad Das, Ph.D., representing BIVF, Tim Xiao, CFA, FRM, representing Delos Capital, Jason Rushton, representing Xeraya Capital, and Grant McFadden, Ph.D., founder and research advisor, have joined OncoMyx’s board of directors. Drs. Potts and Das and Messrs. Xiao and Rushton have extensive experience in the biopharmaceutical industry with track records of success. In addition to his role as Center Director and Professor of the Biodesign Center for Immunotherapy, Vaccines and Virotherapy at ASU, Dr. McFadden has pioneered the MYXV field and is widely regarded a top OV expert.

"This financing is a key step forward in advancing our pipeline of oncolytic immunotherapies," said Dr. Potts. "We are thrilled to have this strong team of experienced investors to provide the financial resources and guidance to build our company and advance our therapeutic pipeline with the ultimate goal of delivering new treatment options to patients."

OncoMyx’s proprietary OV platform is a unique and potentially best-in-class therapeutic approach that is backed by over 30 peer-reviewed publications by ASU Professor McFadden and his collaborators evaluating a poxvirus, MYXV, as an oncolytic agent in a wide variety of tumor models. Preclinical studies in mice and testing on cancer patient samples from the Mayo Clinic in Scottsdale have demonstrated encouraging immune responses against tumors. These data build upon the continued clinical validation of OVs and position OncoMyx’s platform to expand the boundaries of immuno-oncology (IO) cancer treatment and potentially benefit a large group of patients.

"OVs are emerging as a new pillar of cancer care to complement the effectiveness of immunotherapies such as immune checkpoint blockade," said Dr. McFadden. "The best-in-class MYXV platform is the only OV in development that is collectively a non-human pathogen, inherently immuno-stimulatory, easily multi-armed, and systemically delivered."

"We invested in OncoMyx because we believe in the potential of the myxoma-based oncolytic viruses for the treatment of solid cancers," said Dr. Das. "I look forward to working with Steve, Grant and the rest of the team to develop drugs that help improve patients’ lives across a range of malignancies."