Two UCLB spinout companies announced winners at the 2019 SEHTA MedTech Business Awards

On February 7, 2020 UCLB spinout companies Odin Vision and Echopoint Medical reported that received awards at the 2019 SEHTA MedTech Business Awards on Thursday 6 February, alongside guest speaker Dr Eric Mayes, CEO, Endomag (Press release, UCLB, FEB 7, 2020, https://www.uclb.com/2020/02/07/two-uclb-spinout-companies-announced-winners-at-the-2019-sehta-medtech-business-awards/ [SID1234554050]).

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Echopoint Medical took home the Investment of the Year Award. This was for their achievements in receiving equity investment from UCL Technology Fund and Parkwalk Advisors, as well as significant InnovateUK grants to develop their technology. The spinout is developing optical sensing technology to help heart disease patients in a grey zone where the need for treatment is unclear.

Odin Vision, a spinout arising from the UCLB Portico Ventures Programme, took home the Start-Up Award and was named as a runner up in the Investment of the Year category. The AI start-up is using advanced computer vision and machine learning to help clinicians improve the detection and treatment of colorectal cancers during endoscopic procedures.

As winners of 2019 SEHTA MedTech Business Awards, both spinouts will be entered into the national Medilink UK Awards taking place on 1st April.

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On February 7, 2020, Integra LifeSciences Holdings Corporation ("Integra") reported that it completed a private unregistered offering of $575 million aggregate principal amount of its 0.50% Convertible Notes due 2025 (the "Notes"), which amount includes the full exercise of the initial purchasers’ option to purchase additional Notes (Filing, 8-K, Integra LifeSciences, FEB 7, 2020, View Source [SID1234554049]).

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The net proceeds from this offering were approximately $558.4 million, after deducting the initial purchasers’ discounts and commissions and the estimated offering expenses payable by Integra. Integra used approximately $59.7 million of the net proceeds to pay the cost of the convertible note hedge transactions described below (after such cost was partially offset by the proceeds to Integra from the warrant transactions described below).

Integra used $100 million of the net proceeds from this offering to repurchase shares of Integra’s common stock, par value $0.01 per share ("Common Stock"), including approximately $7.6 million from certain purchasers of Notes in privately negotiated transactions effected through one of the initial purchasers as Integra’s agent concurrently with the completion of this offering and approximately $92.4 million through an accelerated share repurchase program, which Integra entered into with JPMorgan Chase Bank, National Association, New York branch on February 5, 2020, as described below. Integra expects to use the remainder of the net proceeds for general corporate purposes, which may include repayment of a portion of the indebtedness under Integra’s senior credit facility.

Entry into a Material Definitive Agreement.

On February 7, 2020, Inovio Pharmaceuticals, Inc. (the "Company") reported that it entered into an amendment (the "Amendment") to the At-The-Market Equity Offering Sales Agreement dated May 25, 2018 (as amended, the "Sales Agreement") with Stifel, Nicolaus & Company, Incorporated ("Stifel"), which amendment increases the amount of Company common stock, par value $0.001 per share (the "Common Stock"), that can be sold by the Company through Stifel as its sales agent under the Sales Agreement from an aggregate offering price of up to $100,000,000 to an aggregate offering price of up to $200,000,000 (Filing, 8-K, Inovio, FEB 7, 2020, View Source [SID1234554048]).

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Pursuant to the Sales Agreement, sales of the Common Stock, if any, will be made under the Company’s previously filed and effective Registration Statement on Form S-3 (File No. 333- 225233) and an applicable prospectus supplement, by any method that is deemed to be an "at the market offering" as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended. Since September 30, 2019 the Company has sold approximately $68.3 million of its common stock pursuant to the Agreement and since May 25, 2018 has sold $100 million of its common stock pursuant to the Agreement.

The Sales Agreement is attached or incorporated by reference to this Current Report on Form 8-K as Exhibits 1.1 and 1.2 and is incorporated herein by reference. The foregoing description of the material terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the exhibits attached hereto.

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation, or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Fate Therapeutics to Present at Upcoming Investor Conferences

On February 7, 2020 Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to the development of programmed cellular immunotherapies for cancer and immune disorders, reported its participation in the following upcoming investor conferences (Press release, Fate Therapeutics, FEB 7, 2020, View Source [SID1234554035]):

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Guggenheim Healthcare Talks | Oncology Day on Thursday, February 13, 2020 at 11:30 a.m. ET in New York, NY.
9th Annual SVB Leerink Global Healthcare Conference on Wednesday, February 26, 2020 at 3:30 p.m. ET in New York, NY.
Barclays Global Healthcare Conference on Thursday, March 12, 2020 at 8:30 a.m. ET in Miami, FL.
Oppenheimer’s 30th Annual Healthcare Conference on Wednesday, March 18, 2020 at 1:00 p.m. ET in New York, NY.
A live webcast of each presentation will be available through the investor relations section of the Company’s website at www.fatetherapeutics.com. Following each live webcast, an archived replay will be available on the Company’s website.

NEW CAR-T TARGET YIELDS PROMISING RESULTS FOR MULTIPLE MYELOMA

On February 7, 2020 Huntsman Cancer Institute (HCI) and The University of Utah (U of U) reported to try to improve the depth and durability of treatment response in multiple myeloma through a new cancer cell targeting mechanism (Press release, Huntsman Cancer Institute, FEB 7, 2020, View Source [SID1234554034]). Multiple myeloma is the second most common blood cancer and develops in the bone marrow. Approximately 30,000 new cases are diagnosed each year, and almost all patients eventually succumb to their disease.

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In research published today in the journal Nature Communications, the Utah-based scientists describe a novel way to treat cancers using chimeric antigen receptor (CAR) T cell therapy. Laboratory tests using mouse models and tumor cells from patients displayed promising results for this novel cellular immunotherapy for multiple myeloma and other types of blood cancer.

The Utah-based scientists developed CAR T cells that target a molecule, CD229, that is present on the cancer cells of patients with myeloma throughout the course of their disease. Importantly, CD229 is also present on myeloma stem cells, which are the source of treatment-resistant tumor cells in patients who relapse.

Immunotherapies that activate a patient’s own immune system to fight their cancer have proven to be highly effective for many types of blood cancers. In CAR T cell therapy, doctors take T cells from a patient’s blood and engineer them to recognize and attack cancer cells via an added "hook," called a CAR, that recognizes a surface molecule on cancer cells. Engineered CAR T cells are returned to patients via intravenous infusion. The CAR T cells then find, attack, and destroy cancer cells in the patient’s body. While these approaches have demonstrated remarkable progress and long-term results for some, many patients experience only brief improvement, followed by recurrence of their disease.

The study was led by Djordje Atanackovic, MD, a physician-scientist at HCI and an associate professor of internal medicine, division of hematology and hematologic malignancies at the U of U, who cares for patients with multiple myeloma. The study builds on earlier work by Atanackovic and his colleagues in which they identified CD229 as present on multiple myeloma and other B cell cancer cells. Once the CD229 target had been identified, it took several years to complete the complicated engineering and laboratory work to test whether CD229 was a viable new agent for a CAR T approach.

"We were dismayed that although some of our patients respond quite well to currently available immunotherapies, they relapsed as early as one year after treatment," says Atanackovic. "We thought if we could target every last cancer cell in a patient’s body, including the cancer stem cell, this could make the critical difference and yield more durable, deeper responses to treatment."

HCI researchers Tim Luetkens, MD, an expert in cell and protein engineering, and Sabarinath Radhakrishnan, MD, assistant professor of internal medicine at the U of U, led the development of the therapy in Atanackovic’s lab. They engineered the first fully human antibody against CD229 and, with this newly engineered "hook," produced CAR T cells targeting CD229. They confirmed their hypothesis CD229 CAR T kills mature multiple myeloma cells, as well as myeloma stem cells, using a mouse model, as well as stem cells derived from myeloma patients. They also showed that in this laboratory setting, the tumors treated with CD229 CAR T appeared to result in long-lasting responses.

The team plans to complete further analyses to understand whether this approach can be safely used in humans. They hope to open clinical trials to further understand the potential of CD229 as a novel therapy for multiple myeloma.

"An impressive set of resources and collaborators in Utah really enabled this study to progress," said Atanackovic. "Having access to tissues from patients willing to share their blood and bone marrow for research, working in partnership with other scientists providing their expertise, and receiving small grants to support early phases of this research have all been critical to our study. We have made remarkable progress on addressing a problem I see in my patients each day I am in the clinic."

The study was supported by the National Institutes of Health/National Cancer Institute, including P30 042014, the International Myeloma Foundation, the National Comprehensive Cancer Network Young Investigator Award, the American Association of Cancer Research, the University of Utah including a Joseph Quagliana, MD, Fellowship Award, and Huntsman Cancer Foundation. The study extends work Atanackovic began in the lab of Lloyd Old at Memorial Sloan-Kettering Cancer Center.