Harbour BioMed Announces U.S. FDA Approval of IND for Its Next Generation anti-CTLA-4 Antibody, HBM4003, to Treat Cancer

On February 28, 2020 Harbour BioMed (HBM) reported U.S. Food and Drug Administration (FDA) approval of its Investigational New Drug (IND) application to begin clinical studies with HBM4003, its next generation anti-CTLA-4 antibody for the treatment of cancer (Press release, Harbour BioMed, FEB 28, 2020, View Source [SID1234555002]). The U.S. study builds on an initial ongoing trial in Australia. The trial will evaluate the safety, tolerability, pharmacokinetics, and anti-tumor activity of HBM4003 as a single agent in subjects with advanced solid tumors.

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"The IND approval is an important next step in our global program to develop this exciting molecule," said Dr. Jingsong Wang, Founder, Chairman and CEO of Harbour BioMed. "In preclinical studies, HBM4003 demonstrated potent anti-tumor activity based on a differentiated mechanism of action and a favorable safety profile. HBM4003 is the first in a portfolio of mono- and bi-specific antibodies based on our patented, heavy chain only (HCAb) technology against various immuno-oncology and immunology targets that are advancing toward clinical trials."

About HBM4003
HBM4003 is the fully human anti-CTLA-4 monoclonal heavy chain only antibody (HCAb) generated from Harbour Mice. HBM4003 shows enhanced antibody-dependent cell cytotoxicity (ADCC) killing activity and is extremely specific to CTLA-4High Treg cells in tumor tissues. The potent anti-tumor efficacy and differentiated pharmacokinetics with durable pharmacodynamic effect presents a favorable product profile. This novel and differentiated mechanism of action has the potential to improve efficacy while significantly reducing the toxicity of the drug.

Zimmer Biomet Holdings to Present at Raymond James & Associates’ 41st Annual Institutional Investors Conference

On February 28, 2020 Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, reported that it will participate in Raymond James & Associates’ 41st Annual Institutional Investors Conference at the JW Marriott Grande Lakes in Orlando (Press release, Zimmer Holdings, FEB 28, 2020, View Source;associates-41st-annual-institutional-investors-conference-301013383.html [SID1234554997]). Suky Upadhyay, Executive Vice President and Chief Financial Officer and Keri Mattox, Senior Vice President, Investor Relations and Chief Communications Officer, will present for the Company on Monday, March 2, 2020, at 9:50 a.m. Eastern Time.

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A live webcast of the presentation can be accessed via Zimmer Biomet’s Investor Relations website at https://investor.zimmerbiomet.com.

John Theurer Cancer Center Launches Clinical Trial of Personalized Cancer Vaccine Using New Gene-Based Technology for High-Risk Melanoma

On February 28, 2020 John Theurer Cancer Center at Hackensack University Medical Center is the only site in New Jersey and one of just 17 in the country participating in a multicenter international Phase II study of an innovative personalized cancer vaccine being evaluated in combination with pembrolizumab immunotherapy in patients with melanoma that has been surgically removed but has a high risk of coming back (Press release, John Theurer Cancer Center, FEB 28, 2020, View Source [SID1234554996]). The hope is that the vaccine can prime a patient’s immune system to be more responsive to immunotherapy and reduce the risk of cancer recurrence. Utilizing a novel and potentially revolutionary gene-based technology, the vaccine is created by comparing the patient’s normal cell DNA sequence to that of their tumor and identifying tumor specific changes to the DNA. Once identified, the patient-specific, tumor-specific changes are turned into a messenger RNA construct to be used as a vaccine.

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Pembrolizumab belongs to a class of drugs called "checkpoint inhibitors," which have transformed the treatment of melanoma. It works by blocking a protein called PD-1 which normally shuts down the immune response. Cancer cells use PD-1 to hide from the immune system. Inhibiting PD-1 enables the immune system to find and kill cancer cells.

"Pembrolizumab and other checkpoint inhibitors have been shown to reduce disease recurrence among patients with high-risk melanoma that was surgically removed. However, in many patients, the cancer eventually comes back," explained Andrew L. Pecora, M.D., FACP, CPE, a nationally recognized hematologist/oncologist at John Theurer Cancer Center and associate dean, Technology and Innovation, Hackensack Meridian School of Medicine at Seton Hall University, who is a principle investigator (PI) of the study. "Reducing the rate of relapse would address a significant unmet medical need for these patients."

The study, "A Phase II Randomized Study of Adjuvant Immunotherapy with the Personalized Cancer Vaccine mRNA-4157 and Pembrolizumab versus Pembrolizumab Alone after Complete Resection of High-Risk Melanoma," is assessing a vaccine made by ModernaTX, Inc. called mRNA-4157. A personalized vaccine is made and given back to the patient to trigger the immune response.

John Theurer Cancer Center was also a study site for the Phase I clinical trial of the vaccine, which was assessed alone and in combination with pembrolizumab in patients with a variety of solid tumors. The results, which were presented at the 2019 Annual Meeting of the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper), were promising — showing that mRMA-4157 was well tolerated, provoked an immune response, and resulted in clinical responses when given with pembrolizumab.

"Immunotherapy is revolutionizing cancer care, but challenges remain. This is a very exciting customized anticancer vaccine using a novel technology," noted Martin E. Gutierrez, M.D., director of Drug Discovery and the Phase I Unit, chief of Thoracic Oncology at John Theurer Cancer Center, and a PI of the Phase I study. "We are encouraged by the Phase I findings and are hopeful that the Phase II study results will show a similar positive outcome for these patients."

"Participation in groundbreaking studies such as these demonstrates John Theurer Cancer Center’s leadership in clinical research," added Andre Goy, M.D., MS, chair and executive director of John Theurer Cancer Center. "We are committed to offering our patients the latest medical advances and furthering progress in cancer care through clinical investigation."

"Hackensack University Medical Center is delivering cutting-edge cancer treatments options for our patients," said Ihor Sawczuk, M.D., FACS, president, Northern Region, chief research officer, Hackensack Meridian Health. "By utilizing gene-based technology, we are offering patients hope with a personalized cancer vaccine that can boost immune responses and reduce the risk of relapse for melanoma patients."

"Hackensack University Medical Center is advancing research and innovation to discover new treatment options for our patients," said Mark D. Sparta, FACHE, president and chief hospital executive, Hackensack University Medical Center and executive vice president of Population Health, Hackensack Meridian Health. "We look forward to seeing how this innovative vaccine and advances in immunotherapy will help us expand treatment options for patients with melanoma."

Carisma Therapeutics to Present at March Scientific and Investor Conferences

On February 28, 2020 Carisma Therapeutics Inc., a biopharmaceutical company focused on discovering and developing innovative immunotherapies, reported that the company will present at two conferences in March, 2020 (Press release, Carisma Therapeutics, FEB 28, 2020, View Source [SID1234554995]).

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Festival of Biologics USA, March 2-4, 2020: Steve Kelly, Chief Executive Officer, will present at the World Immunotherapy Congress on Monday, March 2, 2020, at 3:00 p.m. PST. The congress will be held at the Loews Resort Coronado in San Diego, CA.
Cowen and Company 40th Annual Healthcare Conference, March 2-4, 2020: Tom Wilton, Chief Business Officer, will present on Tuesday, March 3, 2020, at 5:00 p.m. EST. The conference will be held at the Marriott Copley Place in Boston, MA.
Immuno-Oncology Summit Europe, March 9-12, 2020: Michael Klichinsky, PhD, Co-Founder and VP, Discovery Research, will deliver a presentation entitled "CAR Macrophage Immunotherapy: A New Frontier for Innate Immunity" on Tuesday, March 10, 2020 at 1:55 p.m. GMT. The summit will be held at the Hilton London Canary Wharf in London, UK.

Cellular Biomedicine Group Announces Q4 and Full Year 2019 Financial Results and Recent Operational Progress

On February 28, 2020 Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) ("CBMG" or the "Company"), a biopharmaceutical firm engaged in the drug development of immunotherapies for cancer and stem cell therapies for degenerative diseases, reported business highlights and financial results for the fourth quarter and full year ended December 31, 2019 (Press release, Cellular Biomedicine Group, FEB 28, 2020, View Source [SID1234554994]).

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"We made significant progress in 2019 with four cancer immuno-cell therapy ("I/O") clinical studies and our allogeneic off-the-shelf, as well as autologous, stem cell assets on Knee Osteoarthritis ("KOA") clinical trials. We have also embarked on renovating a 22,000 square foot facility in Rockville to expand our research and development ("R&D") footprint in Maryland. Working with our partners, we have made substantial strides in our operation and further institutionalized our Shanghai manufacturing site," said Tony Liu, CEO of the company. "Because of our skills in tech transfer, process development and lean manufacturing, we are emboldened and plan to utilize our four cleanrooms at the Rockville site to support our U.S. clinical studies upon completion of the facility. This month we have also started to collaborate with Shanghai Ruijin Hospital on a pilot clinical study on inhalation of mesenchymal stem cell exosomes treating severe Novel Coronavirus Pneumonia ("NCP"). We are continuing to advance our I/O and KOA drug candidates both in China and the U.S."

Mr. Liu added, "Cell therapy has been embraced by both start-ups and large pharmas with the clear clinical benefits provided to patients globally. CBMG intends to leverage our internal capabilities, namely robust vein-to-vein integrated biopharma capabilities, as well as external collaboration, to rapidly bring these therapies to patients and help cure cancer.

"We are mindful of the ongoing risks posed by the coronavirus disease, or COVID-19. The full extent to which the coronavirus will negatively impact our business operations and results is still highly uncertain and cannot be accurately predicted; however, we have experienced, and expect to continue to experience, a slowdown in patient recruitment for our clinical studies."

2019 Clinical and Business Highlights

Initiated recruitment and showed early data for our Anti- B-cell maturation antigen ("BCMA") Chimeric antigen receptor T-cells ("CAR-T") for relapsed or refractory Multiple Myeloma ("r/r MM")
Began patient enrollment for our CD19/CD20 BiCar for Non-Hodgkins Lymphoma ("NHL")
Dosed first patient for our Alpha-Fetoprotein T-Cell Receptor ("AFP-TCR-T") technology targeting Hepatocellular Carcinoma ("HCC")
Began dosing patients for our Anti-CD20 CAR-T, targeting Anti-CD19 treated, relapsed Diffuse Large B-Cell Lymphoma ("DLBCL")
Received China National Medical Products Administration ("NMPA") Investigational New Drug application ("IND") acceptance to move to Phase II clinical trial for both off-the-shelf AlloJoin and ReJoin human adipose-derived mesenchymal progenitor cell ("haMPC") therapies for KOA
Expanding US footprint with new facility in Rockville, Maryland to support R&D and clinical studies
Fourth Quarter and Full Year 2019 Financial Results

Cash Position: Cash, cash equivalents and restricted cash as of December 31, 2019 were $32.4 million, compared to $52.8 million as of December 31, 2018
R&D Expenses: Research and development expenses were $37.7 million for 2019 as compared to $24.2 million for 2018
G&A Expenses: General and administrative expenses were $13.5 million for 2019 as compared to $13.2 million for 2018
Net Loss: Net loss was $50 million for 2019 as compared to $38.9 million for 2018