BioLife Solutions Announces Preliminary First Quarter 2020 Revenue

On May 1, 2020 BioLife Solutions, Inc. (NASDAQ: BLFS) ("BioLife" or the "Company"), a leading developer and supplier of a portfolio of best-in-class bioproduction tools for cell and gene therapies, reported preliminary revenue for the first quarter of 2020 (Press release, BioLife Solutions, MAY 1, 2020, View Source [SID1234556923]).

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Preliminary (unaudited) Q1 2020 Revenue

Total revenue for the first quarter of 2020 was $12.1 million, a 110% increase over the first quarter of 2019 and a 46% sequential increase over the fourth quarter of 2019. Revenue growth was driven by significantly higher demand for biopreservation media, which accounted for approximately 72% of total revenue. Sales of BioLife’s ThawSTAR, evo and Custom Biogenic Systems freezer products accounted for the balance of revenue and were in line with management’s expectations.

Mike Rice, BioLife’s CEO, remarked, "As reported by other high-value bioproduction tools suppliers across the advanced therapeutics supply chain, we experienced increased demand during the first quarter as numerous customers placed replenishment and safety stock orders to ensure their clinical development programs could continue unabated during the COVID-19 pandemic."

Withdrawal of 2020 Guidance

Due to uncertainty regarding the impact of COVID-19 on BioLife and its customers, BioLife is withdrawing financial guidance for 2020. Management will be monitoring order flow and customer forecasts throughout the year and will provide additional detail on its business and outlook during the first quarter conference call.

Q1 2020 Earnings Call Date

The Company will announce first quarter 2020 financial results after market close on Thursday, May 14, 2020 and will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PT) that afternoon. Management will provide an overview of the Company’s financial results and a general business update.

To access the webcast, log onto the Investor Relations page of the BioLife Solutions website at View Sourceearnings." target="_blank" title="View Sourceearnings." rel="nofollow">View Source Alternatively, you may access the live conference call by dialing (844) 825-0512 (U.S. & Canada) or (315) 625-6880 (International) with the following Conference ID: 2085346. A webcast replay will be available approximately two hours after the call and will be archived on View Source for 90 days.

Cellular Biomedicine Group to Report First Quarter 2020 Results on May 6, 2020

On May 1, 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 that it will release its financial results for the first quarter ended March 31, 2020 after the market closes on Wednesday, May 6, 2020 (Press release, Cellular Biomedicine Group, MAY 1, 2020, View Source [SID1234556922]).

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The Company will host a conference call and webcast with the investment community on Wednesday, May 6th at 5:00 p.m. Eastern Time, featuring remarks by Tony Liu, CEO, CFO and Executive Director of CBMG.

What:

Cellular Biomedicine Group First Quarter 2020 Results Conference Call

Date:

Wednesday, May 6, 2020

Time:

5:00 p.m. Eastern Time

Live Call:

Toll-Free: +1-833-423-0438

International: +1-918-922-6623

China: +86 800-870-0169 or +86 400-682-8609

Conference ID: 7690079

Webcast:

View Source

Replay:

Toll-Free: (855) 859-2056

International: (404) 537-3406

Conference ID: 7690079

(Available approximately two hours after the completion of the live call until 8:00 p.m. ET on May 20, 2020)

Pierre Fabre receives positive CHMP opinion for BRAFTOVI® (encorafenib) in combination with cetuximab for the treatment of adult patients with BRAFV600E-mutant metastatic colorectal cancer

On May 1, 2020 Pierre Fabre reported that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) adopted a positive opinion recommending approval of the indication of BRAFTOVI (encorafenib) in combination with cetuximab (marketed as Erbitux) for the treatment of adult patients with BRAFV600E-mutant metastatic colorectal cancer (mCRC) who have received prior systemic therapy (Press release, Pierre Fabre, MAY 1, 2020, View Source [SID1234556920]). This opinion is based on data from the Phase 3 BEACON CRC trial.1,2 The CHMP recommendation will now be endorsed by the European Commission (EC), which has the authority to approve medicines for the European Union (EU). This decision will be applicable to all 27 EU member states plus Iceland, Liechtenstein, Norway and the United Kingdom.3

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"The positive CHMP opinion is an important milestone for patients with BRAF-mutant metastatic colorectal cancer who generally have a poor prognosis with current approved therapies," said Jean-Luc Lowinski, CEO of the Medical Care Business Unit. "We are delighted to be closer to offering a new treatment option for these individuals. If approved, this will be the first targeted regimen for the treatment of BRAFV600E-mutant mCRC that has the potential to significantly improve clinical outcomes in this patient population."

The CHMP positive opinion is based on available results from the Phase 3 BEACON CRC trial. The data, presented by Professor Scott Kopetz at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Gastrointestinal meeting in January 2020, showed that BRAFTOVI in combination with cetuximab significantly improved overall survival (OS) in patients with BRAFV600E-mutant mCRC (median 9.3 months vs 5.9 months) and reduced the risk of death by 40%, compared with the cetuximab plus irinotecan-containing regimen (control) arm. Furthermore, the combination reported an improved objective response rate (ORR) (20% vs 2%, p<0.0001, per assessment by blinded independent central review [BICR]), compared with the control arm. BRAFTOVI plus cetuximab demonstrated a well-tolerated safety profile with no unexpected toxicities in the trial. In the BEACON CRC trial, the most common any-grade adverse events (≥20%) were nausea, diarrhoea, fatigue, acneiform dermatitis, decreased appetite, abdominal pain, asthenia and vomiting.2

On 8 April 2020, Pierre Fabre’s partner Pfizer, which has exclusive rights to BRAFTOVI in the USA and Canada, announced that BRAFTOVI, in combination with cetuximab, was approved by the US Food and Drug Administration (FDA) for the treatment of adult patients with mCRC with a BRAFV600E mutation, as detected by an FDA-approved test, after prior therapy.4 In the US prescribing information for BRAFTOVI, the most common any-grade adverse drug reactions (≥25%) reported for patients treated with BRAFTOVI in combination with cetuximab were fatigue, nausea, diarrhoea, dermatitis acneiform, abdominal pain, decreased appetite, arthralgia and rash.5 The Summary of Product Characteristics (SmPC) for BRAFTOVI in combination with cetuximab for the treatment of adult patients with BRAFV600E-mutant mCRC will include the full list of the adverse drug reactions, which will be published by the EMA following the EC’s approval of this indication.

BRAFTOVI is not currently approved in any other country outside of the USA for treatment of patients with BRAFV600E-mutant mCRC.4 Additional submissions of the BEACON data to health authorities around the world are ongoing.

About Colorectal Cancer
Worldwide, colorectal cancer (CRC) is the third most common type of cancer in men and the second most common in women, with approximately 1.8 million new diagnoses in 2018. Globally in 2018, approximately 881,000 deaths were attributed to CRC.6 Every year more than 450,000 people in Europe are diagnosed with CRC and approximately 230,000 will die of their disease.7 BRAF mutations are estimated to occur in approximately 8–12% of patients with mCRC and represent a poor prognosis for these patients.8–16 The V600E mutation is the most common BRAF mutation and the risk of mortality in CRC patients with the BRAFV600E mutation is more than two times higher than for those with wild-type BRAF.7,17,18

About BEACON CRC
BEACON CRC is a randomised, open-label, global trial evaluating the efficacy and safety of BRAFTOVI (encorafenib) ± binimetinib in combination with cetuximab in patients with BRAFV600E-mutant mCRC whose disease has progressed after one or two prior regimens. BEACON CRC is the first and only Phase 3 trial designed to test a BRAF combination targeted therapy in BRAFV600E-mutant mCRC. A total of 665 patients were randomised 1:1:1 to one of the following treatment arms:

BRAFTOVI 300 mg orally once daily in combination with cetuximab (BRAFTOVI/cetuximab arm)
BRAFTOVI 300 mg orally once daily in combination with cetuximab and binimetinib
Irinotecan with cetuximab or FOLFIRI with cetuximab (control arm)
The study was amended to include an interim analysis of endpoints, including ORR. The primary OS endpoint is a comparison of BRAFTOVI+binimetinib in combination with cetuximab with the control arm. Secondary endpoints address the efficacy (OS) of BRAFTOVI in combination with cetuximab, compared with the control arm and compared with BRAFTOVI+binimetinib in combination with cetuximab. Other secondary endpoints include progression-free survival, duration of response, safety and tolerability.

The trial was conducted at over 200 investigational sites in North America, South America, Europe and the Asia Pacific region. The BEACON CRC trial was conducted with support from Ono Pharmaceutical Co. Ltd., Pierre Fabre, Pfizer and Merck KGaA, Darmstadt, Germany (support is for sites outside of North America).

About BRAFTOVI (encorafenib)
BRAFTOVI (encorafenib) is an oral small-molecule BRAF kinase inhibitor that targets a key enzyme in the MAPK signalling pathway (RAS-RAF-MEK-ERK). Inappropriate activation of proteins in this pathway has been shown to occur in many cancers, including melanoma, colorectal cancer and others.

On 20 September 2018, the EC granted marketing authorisations for BRAFTOVI and MEKTOVI to be used in combination for the treatment of adult patients with unresectable or metastatic melanoma with a BRAFV600 mutation.19,20 The EC decision is applicable to all 27 EU member states as well as Iceland, Liechtenstein, Norway and the United Kingdom. BRAFTOVI and MEKTOVI have also received regulatory approvals in the USA, Australia, Japan, Argentina and Switzerland. On 27 June 2018, the combination of BRAFTOVI and MEKTOVI was approved by the FDA for the treatment of unresectable or metastatic melanoma with a BRAFV600E or BRAFV600K mutation, as detected by an FDA-approved test.5,21 BRAFTOVI and MEKTOVI are not indicated for treatment of patients with wild-type BRAF melanoma.

On 8 April 2020, the US FDA granted the approval for BRAFTOVI, in combination with cetuximab, for the treatment of adult patients with mCRC with a BRAFV600E mutation, as detected by an FDA-approved test, after prior therapy.4 The use of BRAFTOVI in combination with cetuximab for the treatment of patients with BRAFV600E-mutant mCRC is not approved outside the U.S.

Pfizer has exclusive rights to BRAFTOVI in the USA and Canada. Pfizer has granted Ono Pharmaceutical Co. Ltd. exclusive rights to commercialise BRAFTOVI in Japan and South Korea; Medison exclusive rights to commercialise both products in Israel; and Pierre Fabre exclusive rights to commercialise BRAFTOVI in all other countries in Africa, Asia (excluding Japan and South Korea), Europe, and Latin America.

UroGen Pharma to Report First Quarter 2020 Financial Results On Thursday, May 7, 2020

On May 1, 2020 UroGen Pharma Ltd. (Nasdaq: URGN), a biopharmaceutical company dedicated to building novel solutions that treat specialty cancers and urologic diseases because patients deserve better options, reported that it will report first quarter 2020 financial results on Thursday, May 7, 2020, prior to the open of the market (Press release, UroGen Pharma, MAY 1, 2020, View Source [SID1234556919]). The announcement will be followed by a live audio webcast and conference call at 8:30AM Eastern Time.

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Audio Webcast

The webcast will be made available on the Investors section of the Company’s website at View Source Following the live audio webcast, a replay will be available on the Company’s website for approximately two weeks.

Oncternal Therapeutics to Report First Quarter 2020 Financial Results and Provide Business Update

On May 1, 2020 Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, reported that it will report first quarter 2020 financial results after the U.S. financial markets close on Thursday, May 7, 2020 (Press release, Oncternal Therapeutics, MAY 1, 2020, View Source [SID1234556918]). Oncternal’s management will host a webcast and conference call at 2:00 p.m. PDT (5:00 p.m. EDT) to discuss the Company’s financial results and provide a comprehensive business update.

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The live webcast of the call will be available online via a link from the investor relations page of the Company’s website at www.oncternal.com, and the call will be archived there for at least 30 days.