Alphamab Oncology announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to KN046 for the treatment of thymic epithelial tumor

On September 3, 2020 Alphamab Oncology (stock code: 9966 HK) reported that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to KN046, a recombinant humanized PD-L1/CTLA-4 bispecific antibody developed by Jiangsu Alphamab Biopharmaceuticals Co., Ltd. ("Jiangsu Alphamab"), a wholly-owned subsidiary of the company, for the treatment of thymic epithelial tumors (TET) (Press release, Alphamab, SEP 3, 2020, View Source [SID1234564436]). This is the second ODD awarded to Alphamab Oncology by FDA after the first ODD awarded to the subcutaneous PD-L1 antibody KN035 by FDA for the treatment of Biliary track cancer early this year.

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The Orphan Drug Designation from US FDA originates from the Orphan Drug Act which was enacted to encourage the development of innovative drugs to treat orphan diseases with target patient population less than 200,000 in the US. Drug candidates with Orphan Drug Designation qualify for seven-year market Orphan Drug Exclusivity (ODE). In addition, US FDA also rewards ODD drugs with comprehensive incentives including tax credit of 50% clinical trial cost, waiver of BLA user fee, subsidies for R&D costs, protocol assistance and expedited regulatory approval pathway. In 2019, 21 (44%) out of the 48 new drugs approved by US FDA are Orphan Drugs; and 8 out of the top 10 best-selling cancer drugs in US, have received Orphan Drug Designation for certain indications.

Thymic epithelial tumors (TET) is a group of thoracic tumors, predominantly thymomas and thymic carcinoma. The estimated number of patients with TET is about 7,000 to 10,000 cases in the United States in 2020. TET is inoperable and the metastatic TET has a very poor prognosis. There is currently no approved standard treatment for patients who have failed platinum-based chemotherapy; objective response rate of late-line chemotherapy or targeted therapy is less than 20%, and the median survival time is less than 12 months. There is an urgent need for effective drugs to improve the efficacy for patients. Research have demonstrated that thymus is an important organ for the development of T cells. Thymic epithelial tumor cells highly express PD-L1, so it is possible to benefit from immune checkpoint inhibitor therapy. The Australian Phase I clinical trial of KN046 has shown a high response rate, long-lasting response time and good safety in patients with thymic epithelial tumors. The phase II registration clinical trial to treat thymic carcinoma started recently . It is planned to be carried out in more than 10 research centers in China and the United States.

About KN046

KN046 is the world’s first recombinant humanized PD-L1/CTLA-4 bispecific invented by Alphamab. Its innovative designs include: a proprietary CTLA-4 domain antibody with a significantly improved safety profile; a bispecific antibody fused with PD-L1 antibody; engineered to target the tumor microenvironment with high PD-L1 expression, and Treg clearing function. The preclinical and clinical trial results of KN046 have shown promising efficacy and significantly reduced toxicity to human peripheral system, with the potential to become a breakthrough immuno-oncology therapy.

There are about 20 clinical trials of KN046 in different stages covering more than 10 types of tumors including NSCLC, TNBC, ESCC and pancreatic cancer in Australia and China. The results of these clinical trials have shown a preliminary profile of good safety and promising efficacy. US FDA has approved KN046 to enter phase II trial based on the clinical results in China and Australia. The phase III clinical trials to evaluate efficacy and safety of combination therapy of KN046 and platinum-based chemotherapy in patients with stage IV squamous non-small cell lung cancer have started in China.

Arena Pharmaceuticals to Participate in Upcoming Investor Conferences

On September 3, 2020 Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) reported that that members of its senior management team will participate in the upcoming investor conferences (Press release, Arena Pharmaceuticals, SEP 3, 2020, View Source [SID1234564435]):

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Wells Fargo Virtual Healthcare Conference – Presenting on Wednesday, September 9, at 1:20 PM ET
Citi 2020 BioPharma Virtual Conference – Hosting investor meetings on Thursday, September 10
H.C. Wainwright Virtual Global Investment Conference – Presenting on Monday, September 14, at 9:30 AM ET
Cantor Virtual Global Healthcare Conference – Presenting on Wednesday, September 16, at 2:00 PM ET
A live audio webcast of the available presentations will be posted under the investor relations section of Arena’s website at www.arenapharm.com. A replay of the presentations will be available for 30 days following each event.

Avidity Biosciences to Present at the 2020 Wells Fargo Virtual Healthcare Conference

On September 3, 2020 Avidity Biosciences, Inc. (Nasdaq: RNA), a biopharmaceutical company pioneering a new class of oligonucleotide-based therapies called Antibody Oligonucleotide Conjugates (AOCs), reported that Sarah Boyce, Avidity’s President and CEO, will participate in a fireside chat at the 2020 Wells Fargo Virtual Healthcare Conference on Thursday, September 10th, 2020 at 9:00 am PT (Press release, Avidity Biosciences, SEP 3, 2020, View Source [SID1234564433]). The conference is being held in a virtual format.

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A live webcast of the virtual fireside chat will be available on the Company’s website at www.aviditybiosciences.com in the Investor Resources section. A replay of the fireside chat will be archived on the site for 60 days.

Penumbra, Inc. to Present at the Morgan Stanley 18th Annual Global Healthcare Conference

On September 3, 2020 Penumbra, Inc. (NYSE: PEN) reported that its management team is scheduled to present at the Morgan Stanley 18th Annual Global Healthcare Conference on Thursday, September 17, 2020 (Press release, Penumbra, SEP 3, 2020, View Source [SID1234564432]).

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Event: Morgan Stanley 18th Annual Global Healthcare Conference
Date: Thursday, September 17, 2020
Time: 10:15am EDT / 7:15am PDT

A webcast of the presentation will be available by visiting the investors’ section of the company’s website at www.penumbrainc.com. The webcast will be available on the company’s website for at least two weeks following the event.

Triple-S Management Corporation to Present at the 2020 Wells Fargo Virtual Healthcare Conference

On September 3, 2020 Triple-S Management Corporation (NYSE: GTS) reported that President and Chief Executive Officer Roberto García-Rodríguez, and EVP and Chief Financial Officer Juan José Román-Jiménez, will present at the 2020 Wells Fargo Virtual Healthcare Conference on Thursday, September 10, 2020 via live webcast (Press release, Triple-S Management, SEP 3, 2020, https://www.prnewswire.com/news-releases/triple-s-management-corporation-to-present-at-the-2020-wells-fargo-virtual-healthcare-conference-301124078.html [SID1234564431]). The presentation will begin at 2:40 PM Eastern Time.

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Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

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Investors and interested parties may listen to the webcast of the presentation by visiting the Company’s investor relations website at www.triplesmanagement.com under the "News and Events" section at the appropriate time. A replay of the presentation will be available on the website following the conference.