Chi-Med Initiates FRESCO-2, a Global Phase III Trial of Fruquintinib in Metastatic Colorectal Cancer

On September 4, 2020 Hutchison China MediTech Limited ("Chi-Med") (Nasdaq/AIM: HCM) reported that it has initiated FRESCO-2, a Phase III registration study of fruquintinib for the treatment of patients with metastatic colorectal cancer ("CRC") in the U.S., Europe and Japan (Press release, Hutchison China MediTech, SEP 4, 2020, https://www.chi-med.com/chi-med-initiates-fresco-2-a-global-phase-iii-trial-of-fruquintinib-in-metastatic-crc/ [SID1234564465]). The first patient was dosed on September 3, 2020, in the U.S.

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FRESCO-2 is a randomized, double-blind, placebo-controlled, multicenter trial being conducted in patients with metastatic CRC. The primary endpoint of the study is overall survival. This large phase III trial will be enrolled in approximately 130 sites in 10 countries. Additional details of the study may be found at clinicaltrials.gov, using identifier NCT04322539.

The U.S. Food and Drug Administration ("FDA") granted Fast Track Designation for the development of fruquintinib for the treatment of patients with metastatic CRC in June 2020. Clinical data including the completed Phase III FRESCO study in Chinese patients and this FRESCO-2 global study, if positive, would support a future New Drug Application (NDA) for the treatment of patients with advanced metastatic CRC (third-line and above), based on our agreement with the FDA. The FRESCO-2 study design was also reviewed and endorsed by the European Medicines Agency (EMA) and the Japanese Pharmaceuticals and Medical Devices Agency (PMDA).

About CRC
CRC is cancer that starts in either the colon or rectum. CRC is the third most common cancer worldwide, causing more than 860,000 deaths in 2018.[1] In the U.S., it is estimated that 150,000 people will be diagnosed with CRC and 53,000 people will die from CRC in 2020.[2] In Europe, CRC is the second most common cancer, with an estimated 490,000 new cases and 240,000 deaths in 2018.[3] In Japan, CRC is the most common cancer, with an estimated 150,000 new cases and 57,000 deaths in 2018.[4]

About Fruquintinib
Fruquintinib is a highly selective and potent oral inhibitor of vascular endothelial growth factor receptor ("VEGFR") 1/2/3. VEGFR inhibitors play a pivotal role in blocking tumor angiogenesis. Fruquintinib was designed to improve kinase selectivity to minimize off-target toxicities, improve tolerability and provide more consistent target coverage. The generally good tolerability in patients to date, along with fruquintinib’s low potential for drug-drug interaction based on preclinical assessment, suggests that it may also be highly suitable for combinations with other anti-cancer therapies.

Chi-Med retains all rights to fruquintinib outside of China and is partnered with Eli Lilly and Company ("Lilly") in China.

About Fruquintinib in metastatic CRC
Fruquintinib was approved for marketing by the China National Medical Products Administration (NMPA) in September 2018 and commercially launched by Lilly in late November 2018 under the brand name Elunate. Elunate is for the treatment of patients with metastatic CRC that have been previously treated with fluoropyrimidine, oxaliplatin and irinotecan, including those who have previously received anti-VEGF therapy and/or anti-EGFR therapy (RAS wild type). Results of the FRESCO study, a Phase III pivotal registration trial of fruquintinib in 416 patients with metastatic CRC in China, were published in The Journal of the American Medical Association, JAMA, in June 2018 (clinicaltrials.gov identifier: NCT02314819).

In December 2017, Chi-Med initiated a multi-center, open-label, Phase I/Ib clinical study to evaluate the safety, tolerability and pharmacokinetics of fruquintinib in U.S. patients with advanced solid tumors (clinicaltrials.gov identifier: NCT03251378). Proof-of-concept cohorts in patients with metastatic CRC and metastatic breast cancer were added in 2019.

Other Fruquintinib Development
Gastric Cancer in China: In October 2017, Chi-Med initiated the FRUTIGA study, a randomized, double-blind, Phase III trial evaluating the efficacy and safety of fruquintinib combined with paclitaxel for second-line treatment of advanced gastric or esophagogastric junction ("GEJ") adenocarcinoma. The trial is designed to enroll patients who did not respond to first-line standard chemotherapy. Subjects will receive either fruquintinib combined with paclitaxel or placebo combined with paclitaxel. Patients will be randomized at a 1:1 ratio and stratified according to factors such as stomach vs. GEJ tumor type and performance status. The primary efficacy endpoint is overall survival. Secondary efficacy endpoints include progression-free survival (as defined by RECIST 1.1), objective response rate, disease control rate, duration of response, and quality-of-life score (EORTC QLQ-C30, version 3.0). Biomarkers related to the antitumor activity of fruquintinib will also be explored (clinicaltrials.gov identifier NCT03223376). In June 2020, Chi-Med completed a planned interim data review. Based on the preset criteria, the Independent Data Monitoring Committee (IDMC) recommended that the trial continue.

Immunotherapy combinations: Chi-Med has entered into three collaboration agreements to evaluate the safety, tolerability and efficacy of fruquintinib in combination with programmed death-1 (PD-1) monoclonal antibodies, including with tislelizumab (BGB-A317, developed by BeiGene, Ltd.), Tyvyt (sintilimab, IBI308, developed by Innovent Biologics, Inc.) and geptanolimab (GB226, developed by Genor Biopharma Co. Ltd.).

Alligator Bioscience presents positive biomarker data demonstrating proof of mechanism in mitazalimab clinical Phase I study

On September 4, 2020 Alligator Bioscience (Nasdaq Stockholm: ATORX) reported biomarker data from a recently performed clinical Phase I study of the drug candidate mitazalimab, its wholly owned CD40 antibody in development primarily for the treatment of pancreatic cancer (Press release, Alligator Bioscience, SEP 4, 2020, View Source [SID1234564453]). The data will be presented today at the scientific conference PEGS: The Essential Protein Engineering Summit being held virtually August 31- September 4, 2020.

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"The presented biomarker data confirm the proof of mechanism and strengthen our belief in mitazalimab as a powerful therapeutic agent. The observed induction of PD-L1-genes supports that mitazalimab has a potential to make tumors more responsive to PD-1 therapy. This is a very important factor and provides an opportunity for a clear path to the market and for adding benefit to patients," commented Per Norlén, CEO at Alligator Bioscience.

The study identified a large number of upregulated genes after treatment with mitazalimab, such as PD-L1, which supports a clinical development plan for mitazalimab in combination studies with PD-1 inhibition. Furthermore, it was demonstrated that RNA sequencing can be successfully used to discover pharmacodynamic biomarkers following CD40 activation with mitazalimab.

In addition, mitazalimab was found to activate patient-derived tumor-associated macrophages. This is relevant for the upcoming OPTIMIZE-1 Phase II study in pancreatic cancer and supports the mode of action for mitazalimab.

Next step in the development of mitazalimab is the submission of a Phase II clinical trial application (CTA) which is planned for December 2020. The study (OPTIMIZE-1) is an open-label, multi-center trial assessing the clinical efficacy of mitazalimab in combination with chemotherapy (mFolfirinox) in patients with metastatic pancreatic cancer. The OPTIMIZE study will be performed at several clinics in Europe, with planned inclusion of the first patient H1 2021.

Today at 11:30 a.m. EDT in the session "Agonist Immunotherapy targets, priming the immune system with costimulatory agents", Dr Peter Ellmark, PhD, VP Discovery at Alligator Bioscience will give an oral presentation with the title "Targeting CD40 to Unleash Dendritic Cells in Immuno-Oncology – Expanding the Tumor Specific T Cell Repertoire". Dr Ellmark will also act as panel moderator in the sessions "Advances in CD137 agonists" and "Agonist immunotherapy targets". For further information, please visit https://www.pegsummit.com/Immunotherapy-Targets.

For further information, please contact:
Cecilia Hofvander, Director Investor Relations & Communications
Phone +46 46 540 82 06
E-mail: [email protected]

The information was submitted for publication, through the agency of the contact person set out above, at 08:30 a.m. CEST on September 4, 2020.

About Mitazalimab
Mitazalimab is Alligator’s most advanced immunotherapy candidate intended for the treatment of different types of cancer. It activates CD40, a receptor on the dendritic cells which allows the immune system to selectively attack the cancer.

Clinical data previously communicated from mitazalimab’s Phase I development program demonstrated that mitazalimab is safe and tolerated at clinically relevant dose levels, with early signs of clinical activity identified, including a partial response in a patient with renal cell cancer and prolonged stable disease ≥6 months in 10 patients. There is still one patient in the Phase I study, now treated with mitazalimab for more than 30 months.

Cue Biopharma to Present at Upcoming Investor Conferences in September 2020

On September 3, 2020 Cue Biopharma, Inc. (NASDAQ: CUE), a clinical-stage biopharmaceutical company engineering a novel class of injectable biologics to selectively engage and modulate targeted T cells within the body, reported it will present at the Baird Global Healthcare Conference on Wednesday, September 9, 2020, the Morgan Stanley Global Healthcare Conference on Thursday, September 17, 2020 and the Oppenheimer & Co. Fall Healthcare Life Sciences and MedTech Summit on Wednesday, September 23, 2020 (Press release, Cue Biopharma, SEP 3, 2020, View Source [SID1234608296]). The Company will also participate in Citi’s 15th Annual BioPharma Virtual Conference on September 9-10, 2020.

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Cue Biopharma will provide an overview highlighting the Immuno-STAT (Selective Targeting and Alteration of T cells) platform and its next-generation Neo-STAT. The presentations will also include an update on the company’s expanding pipeline and continued progress on the IL-2 based CUE-100 series with an emphasis on CUE-101, its lead clinical candidate for HPV16-driven head and neck cancer.

Additional presentation details can be found below:

Baird Global Healthcare Conference
Date and Time: Wednesday, September 9, 2020 at 2:00 p.m. EDT
Location: Virtual
A live webcast of the presentation will be available for attendees only.

Citi’s 15th Annual BioPharma Virtual Conference
Date: September 9-10, 2020
Location: Boston/Virtual

Morgan Stanley Global Healthcare Conference
Date and Time: Thursday, September 17, 2020 at 5:00 p.m. EDT
Location: Virtual
A live and archived webcast of the presentation will be available in the Investors section of the Company’s website at www.cuebiopharma.com.

Oppenheimer & Co. Fall Healthcare Life Sciences and MedTech Summit
Date and Time: Wednesday, September 23, 2020 at 9:10 a.m. EDT
Location: New York/Virtual
A live webcast of the presentation will be available for attendees only.

Immatics Announces Second Quarter 2020 Financial Results and Business Update

On September 3, 2020 Immatics N.V. (NASDAQ: IMTX; "Immatics"), a clinical-stage biopharmaceutical company active in the discovery and development of T cell redirecting cancer immunotherapies, reported financial results for the second quarter of 2020 and provided a corporate update (Press release, Immatics Biotechnologies, SEP 3, 2020, View Source [SID1234569535]).

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"We have achieved a significant milestone as an organization in the last months with our successful listing on NASDAQ, securing the capital needed for Immatics to reach several critical inflection points in our mission to deliver the power of T cells to cancer patients," said Harpreet Singh, Ph.D., CEO of Immatics. "The second quarter is notable for the expansion of our clinical ACTengine programs in Europe as well as for bringing forward our preclinical and partnered programs. We have strengthened our internal leadership and our board, all of which places us in a strong position to achieve our clinical and operational goals for 2020 and 2021."

Second Quarter 2020 and Subsequent Company Progress

Adoptive Cell Therapy Programs

IMA201 – The phase I dose-escalating clinical trial, IMA201-101, is actively recruiting patients in the US. The trial is designed to evaluate safety, tolerability and initial signs of clinical efficacy of Immatics’ genetically engineered T cell ACTengine product candidate, IMA201, that targets melanoma-associated antigen 4 or 8 ("MAGEA4/A8").
IMA202 – The phase I dose-escalating trial, IMA202-101, is actively recruiting patients in the US and Europe. Recently, the first patient was dosed in the European part of the trial which is evaluating safety, tolerability and initial signs of clinical efficacy of Immatics’ second ACTengine product candidate, IMA202, that targets melanoma-associated antigen 1 ("MAGEA1").
IMA203 – The phase I dose-escalating clinical trial, IMA203-101, is actively recruiting patients in the US. Recently, Immatics has been granted regulatory approval by the German regulatory agency, Paul-Ehrlich-Institute to commence the European part of the trial. The clinical trial is evaluating safety, tolerability and initial signs of clinical efficacy of Immatics’ ACTengine product candidate, IMA203, that targets preferentially expressed antigen in melanoma ("PRAME").
Additional clinical trial centers have been opened in the US and in Germany for all ongoing ACTengine clinical studies and Immatics expects to provide a combined initial data readout on all three studies in Q1 2021.
IMA204 – Immatics expects to submit the IND for its fourth ACT program, IMA204, in 2021. The clinical trial will investigate a T cell receptor (TCR) directed against the tumor stroma target, COL6A3, which is highly prevalent in the tumor microenvironment in a broad range of tumor tissues including lung, pancreas, esophagus, breast, ovary, colon and stomach cancer. Immatics expects to provide a data update from the pre-clinical studies in Q3 2020. Non-engineered (endogenous) COL6A3-targeting T cells were infused as part of Immatics’ IMA101-101 trial. Immatics expects to report updated clinical trial results from this trial in Q4 2020.
TCR Bispecifics Programs

IMA401 – Significant progress has been made towards an IND for Immatics’ first TCR Bispecifics product candidate, IMA401. Preparatory activities for GMP development have been initiated. Based on favorable pharmacokinetics and pharmacodynamics data in vitro and in vivo, the IND submission is expected in 2021.
IMA402 – Lead candidate selection for the second TCR Bispecifics program, IMA402, is expected in 2020.
Next Generation Adoptive Cell Therapies

IMA301 – Immatics’ first ACTallo therapeutic candidate, IMA301, is an allogeneic, off-the-shelf product candidate containing TCR-engineered gamma delta T cells. In in vitro preclinical studies, the T cells achieved large expansion rates and exhibited anti-tumor activity. A preclinical data update is expected to be presented in Q4 2020. IND-enabling studies are ongoing and Immatics expects to submit the IND in 2022.
IMA101 – Immatics intends to report updated clinical trial results for its multi-target cell therapy pilot clinical trial, IMA101-101, in Q4 2020.
Immatics continues to advance its next-generation ACT portfolio and manufacturing capabilities.
Business Update

COVID-19 Impact

Immatics continues to monitor the impact of the COVID-19 pandemic on operations in the US and in Germany.
Significant measures have been put in place to protect Immatics’ employees, GMP manufacturing, biomarker testing, supply chain, operations and the execution of clinical trials.
Immatics continues to expand its clinical programs with additional clinical trial sites opening in the US and in Europe. Patient screening in Germany has been ramping above expectation. Immatics currently expects to remain on track to meet the enrollment timelines set in its ACTengine clinical programs.
Corporate Development

Transaction and NASDAQ Listing Summary

On March 17, Immatics entered into a definitive business combination agreement with ARYA Sciences Acquisition Corp. (NASDAQ: ARYA; "ARYA"), a special purpose acquisition company, sponsored by Perceptive Advisors. Under the terms of the agreement, the transaction was structured through Immatics B.V., a Dutch private limited liability company, which converted to Immatics N.V. in connection with the closing of the transaction. The transaction was completed on July 1 and Immatics N.V. commenced trading its shares on the NASDAQ under the symbol "IMTX" and its warrants under the symbol "IMTXW" on July 2. In connection with the agreement, Immatics N.V. raised an additional $104 million (€93 million1) in equity proceeds through a private placement of ordinary shares with existing shareholders of Immatics and ARYA, as well as additional institutional investors. Total proceeds from the transaction, including marketable securities held in a trust account by ARYA and the private placement, were $253 million (€226 million1). At the closing of the transaction, cash and cash equivalents amounted to $322 million (€288 million1) enabling Immatics to fund operating expenses and capital expenditure requirements for at least 36 months. The funds at closing of the transaction include funds of Immatics Biotechnologies GmbH, ARYA Sciences Acquisition Corp., equity proceeds through a private placement and transaction costs.
Management and Board of Directors Updates

On June 1, Cedrik Britten, MD, joined Immatics as Chief Medical Officer (CMO). Dr. Britten previously served as Vice President and Head of Oncology Cell Therapy Research Unit at GlaxoSmithKline plc (LSE/NYSE: GSK). He brings to Immatics more than a decade of experience in clinical development. He will be responsible for the management and global development of Immatics’ clinical pipeline.
In conjunction with the NASDAQ listing, Michael Atieh, Paul Carter, Heather Mason and Adam Stone joined Immatics’ board as new members. Christof Hettich, L.L.D. remains a board member and Peter Chambré continues to serve as the Chairman of the board.
Partnerships and Alliances

On August 6, Immatics extended its strategic alliance with UTHealth. The continued collaboration will provide Immatics exclusive access to three cGMP suites enabling manufacturing and supply of its ACT products for current and upcoming phase I clinical trials in Germany and in the US for an additional four years.
Immatics remains fully committed to its partnered programs with Amgen, Genmab, BMS and GSK.
Second Quarter 2020 Financial Results

Cash Position: Cash and cash equivalents as of June 30, 2020 were €86.1 million ($96 million1). Following the transaction with ARYA, cash and cash equivalents were €288 million ($322 million1) based on net proceeds from the merger with ARYA and the PIPE financing.

Revenue: Total revenue, consisting of revenue from collaboration agreements, was €6.9 million ($7.7 million1) for the three months ended June 30, 2020, compared to €5.4 million ($6.1 million1) for the three months ended June 30, 2019.

Research and Development Expenses: R&D expenses were €16.6 million ($18.5 million1) for the three months ended June 30, 2020, compared to €9.7 million ($10.9 million1) for the three months ended June 30, 2019.

General and Administrative Expenses: G&A expenses were €10.0 million ($11.3 million1) for the three months ended June 30, 2020, compared to €2.1 million ($2.4 million1) for the three months ended June 30, 2019.

Net Loss: Net loss was €21.3 million ($23.9 million1) for the three months ended June 30, 2020, compared to €6.7 million ($7.5 million1) for the three months ended June 30, 2019. The increase was mainly driven by one-time expenses incurred as a result of the conversion of the former share-based employee compensation program and is covered both in R&D and G&A expenses.

Shares Outstanding: 62,908,617 (as of July 2, 2020). Based on the outstanding shares the net loss per share for the three months ended June 30, 2020 was €0.34 ($0.381).

Planned Investor and Analyst Activities

Immatics presenting at 10th Annual Goldman Sachs Biotech Symposium – September 11, 2020
Immatics presenting at Jefferies Cell Therapy Summit – October 5, 2020
Immatics presenting at Chardan Virtual Genetic Medicines Conference – October 6, 2020
Immatics presenting at Eigenkapitalforum – November 16, 2020, 4pm CET
Immatics presenting at Jefferies London Healthcare Conference – November 17-19, 2020

To see the full list of events and presentations, visit www.investors.immatics.com/events-presentations.

Full financial statements can be found in the current report on Form 6-K filed with the Securities and Exchange Commission (SEC) and published on the SEC website under View Source

1 All amounts translated using the exchange rate published by the European Central Bank in effect as of June 30, 2020 (1 EUR = 1.1198 USD).

Crinetics Pharmaceuticals to Participate in September Investor Conferences

On September 3, 2020 Crinetics Pharmaceuticals (Nasdaq: CRNX), reported that management will participate in the following conferences in the month of September and invites investors to participate by webcast (Press release, Crinetics Pharmaceuticals, SEP 3, 2020, View Source [SID1234568332]). Please see additional details below:

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BAIRD GLOBAL HEALTHCARE CONFERENCE
DATE: WEDNESDAY, SEPTEMBER 9TH 2020
TIME: 12:50 PM EASTERN TIME
PRESENTER: SCOTT STRUTHERS, FOUNDER & CEO
H.C. WAINWRIGHT: 22ND ANNUAL GLOBAL INVESTMENT CONFERENCE
DATE: MONDAY, SEPTEMBER 14TH 2020
TIME: 10:30 AM EASTERN TIME
PRESENTER: SCOTT STRUTHERS, FOUNDER & CEO
CANTOR FITZGERALD GLOBAL HEALTHCARE CONFERENCE
DATE: TUESDAY, SEPTEMBER 15TH 2020
TIME: 2:00 PM EASTERN TIME
PRESENTER: SCOTT STRUTHERS, FOUNDER & CEO