Protara Therapeutics to Present at the Jefferies Virtual London Healthcare Conference

On November 11, 2020 Protara Therapeutics, Inc. (Nasdaq: TARA), a clinical-stage company developing transformative therapies for the treatment of cancer and rare diseases with significant unmet needs, reported that its Chief Executive Officer, Jesse Shefferman, will present at the Jefferies Virtual London Healthcare Conference on Wednesday, November 18, 2020 at 1:45pm ET (Press release, Protara Therapeutics, NOV 11, 2020, View Source [SID1234573136]).

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A webcast of the presentation can be accessed by visiting the Events and Presentations section of the Company’s website: View Source The webcast will be archived on the Company’s website for 90 days following the presentation.

MorphoSys and Cherry Biolabs Announce licensing of Hemibody Technology

On November 11, 2020 MorphoSys AG (FSE: MOR; Prime Standard Segment; MDAX & TecDAX; NASDAQ: MOR) and Cherry Biolabs GmbH, a spin-off from the University Hospital Würzburg, reported that they entered into a licensing agreement granting MorphoSys the rights to apply Cherry Biolabs’ innovative, multispecific Hemibody technology to six exclusive targets (Press release, MorphoSys, NOV 11, 2020, View Source [SID1234571034]). This Hemibody technology, in combination with MorphoSys’ antibody know-how and technologies, offers the potential to generate novel T-cell engaging medicines with higher precision and better safety profiles for the treatment of cancer patients. Financial details were not disclosed.

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"As part of its internal research efforts, MorphoSys is continuously looking to add new cutting-edge technologies with the aim of generating differentiated, more efficacious and safer antibody-based therapeutics for its proprietary pipeline, and the licensing agreement with Cherry Biolabs is an important step towards developing new treatments for cancer patients with unmet medical needs", commented Jean-Paul Kress, M.D., Chief Executive Officer of MorphoSys. "The combination of MorphoSys’ proven track record in antibody discovery and development and Cherry Biolabs’ Hemibody technology has the potential to significantly broaden therapeutic approaches and improve patients’ lives."

"Hemibodies are antibody fragments that gain T-cell engaging capabilities after binding to an antigen combination unique to tumor cells. Through its combinatorial pro-drug design, the Hemibody platform technology bears the potential to significantly increase the specificity of cancer treatments and reduce toxicity," added Cherry Biolabs founder and Chief Executive Officer Prof. Gernot Stuhler. "With MorphoSys, we have found a very strong and competent licensee embracing this new modality-we are confident that MorphoSys will bring this innovative concept into the clinic to make a difference for patients".

Harnessing the body’s own immune system in the fight against a fast growing cancer is an extremely promising therapeutic approach. T-cell engaging bispecific antibodies are meant to recruit and activate T-cells and direct cytotoxic activity to the tumor cells. "Today’s T-cell engaging bispecific antibody approaches have their challenges, particularly when applied to solid cancers. The often limited specificity of the tumor target typically hampers tolerability and thereby clinical efficacy. We believe that through dual targeting and highly specific activation of the cytotoxic T-cells at the tumor site-which is what the Hemibody technology promises to provide-we will be able to take the precision and specificity of the tumor targeting concept to the next level and enable a substantially enlarged therapeutic window", said Dr. Martin Steegmaier, Head of Research at MorphoSys.

Cherry Biolabs’ Hemibody technology was first discovered by Prof. Gernot Stuhler and Dr. Thomas Bumm at the Julius-Maximilians-University of Würzburg, Germany and is funded by the "GO-Bio Gründungsoffensive Biotechnologie" from the German Federal Ministry of Education and Research. Cherry was represented by EMBL Ventures in the negotiations to close this first, important licensing for the company.

MorphoSys intends to apply the Hemibody technology in the context of its CyCAT(R) (Cytotoxic Cell Activation at Tumor) Dual Targeting Concept to discover and advance novel Hemibody-based treatment options for patients with hematological and solid cancers, in line with its mission to make exceptional, innovative biopharmaceuticals to improve the lives of patients suffering from serious diseases.

Proteintech and HebeCell Announce Collaboration on Nanobody iPSC-derived Natural Killer Cells

On November 11, 2020 Proteintech and HebeCell reported their collaborative partnership to develop proprietary nanobody based chimeric antigen receptor (nCAR) technology for the development and commercialization of iPSC-derived natural killer (iPSC-nCAR-NK) cells, a promising cellular immunotherapy treatment for cancer and other diseases (Press release, HebeCell, NOV 11, 2020, View Source [SID1234570982]).

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Proteintech’s recent acquisition of nanobody manufacturer, ChromoTek, has made them a leading player in the nanobody space. ChromoTek’s high-performing camelid single-chain recombinant reagents, also known as nanobodies, fuel breakthrough research discoveries.

HebeCell holds unique expertise and intellectual property in induced pluripotent stem cells (iPSC) and their lineage specific differentiation, especially toward natural killer (NK) cells. Although NK cells are best known for killing virally infected cells, they also play key roles in detecting and controlling early signs of cancer.

"Partnering with Proteintech will give both companies a competitive edge," said Dr. Allen Feng, the Founder and Chief Scientific Officer of HebeCell, "Our combined expertise and technologies create a unique and special collaboration that will improve the treatment and care of cancer patients."

Dr. Jason Li, CEO of Proteintech added, "I’ve known Dr. John Lu, Founder and CEO of HebeCell, for many years and I’m glad we have an opportunity to work together on this important project. With HebeCell’s proprietary NK cells and Proteintech’s nanobodies, the two companies can transform the future of cancer therapy.

BERGENBIO PRESENTS PHASE II BEMCENTINIB COMBINATION STUDY IN NSCLC AT annual SITC meeting

On November 11, 2020 BerGenBio ASA (OSE:BGBIO), a clinical-stage biopharmaceutical company developing novel, selective AXL kinase inhibitors for severe unmet medical need, reported that it will present an updated clinical & translational analysis from its Phase II bemcentinib and pembrolizumab combination study (BGBC008) in advanced non-small cell lung cancer (NSCLC), at an oral presentation at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) 35th Annual Meeting (Press release, BerGenBio, NOV 11, 2020, View Source [SID1234570896]).

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The presentation will provide updated data from Cohort B of the study, assessing the safety and efficacy of bemcentinib in combination with anti-PD-1 therapy pembrolizumab, in 16 refractory NSCLC patients previously treated with a PD-L1 or PD-1 checkpoint inhibitor (CPI) as a monotherapy.

"AXL is implicated in resistance to immunotherapy and this study is based around the hypothesis that blocking AXL signalling represents a novel approach to prevent cancer survival mechanisms and to improve the efficacy of immuno-oncology drugs," commentedProfessor James Spicer, PhD, who will give the presentation at SITC (Free SITC Whitepaper). "Our findings from this interim analysis suggest that bemcentinib has potential to reverse acquired resistance to checkpoint inhibitors among previously treated NSCLC patients by targeting AXL expressing macrophages and regulatory dendritic cells. These encouraging results support the further development of AXL inhibition as a means to extend the efficacy of immunotherapy in biomarker-selected NSCLC patients."

The combination of bemcentinib and pembrolizumab was overall shown to be well tolerated and clinically active in CPI-refractory composite AXL (cAXL) positive NSCLC. Of the evaluable patients in Cohort B 58% were cAXL-positive, 25% were PD-L1 negative (<1%TPS), and 42% patients were PD-L1 low positive (1-49% TPS). 86% of cAXL-positive patients achieved clinical benefit (one partial response, five stable disease) while none was observed in cAXL negative patients.

The study demonstrated a median progression-free survival among cAXL positive patients in Cohort B patients of 4.73 months, compared with 1.87 months among cAXL-negative patients.

Full details of the presentation are as follows:

Title: A PhII study of bemcentinib, a first-in-class selective AXL kinase inhibitor, in combination with pembrolizumab in pts with previously-treated advanced NSCLC: Updated clinical & translational analysis

Author: Professor James Spicer, Professor of Experimental Cancer Medicine at King’s College London

Session/Abstract ID: Combinatorial Therapies, 362

Date/Time: 11 November 2020, 11.40am EST

The presentation will be made available on BerGenBio’s website, under ‘Presentations’.

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About AXL

AXL kinase is a cell membrane receptor and an essential mediator of the biological mechanisms underlying life-threatening diseases. In cancer, AXL suppresses the body’s immune response to tumours and drives cancer treatment failure across many indications. AXL expression defines a very poor prognosis subgroup in most cancers. AXL inhibitors, therefore, have potential high value at the centre of cancer combination therapy, addressing significant unmet medical needs and multiple high-value market opportunities. Research has also shown that AXL mediates other aggressive diseases.

About Bemcentinib

Bemcentinib (formerly known as BGB324), is a potentially first-in-class selective AXL inhibitor in a broad phase II clinical development programme. Ongoing clinical trials are investigating bemcentinib in multiple solid and haematological tumours, in combination with current and emerging therapies (including immunotherapies, targeted therapies and chemotherapy), and as a single agent. Bemcentinib targets and binds to the intracellular catalytic kinase domain of AXL receptor tyrosine kinase and inhibits its activity. Increase in AXL function has been linked to key mechanisms of drug resistance and immune escape by tumour cells, leading to aggressive metastatic cancers.

QIAGEN announces start of share repurchase for up to $100 million

On November 11, 2020 QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) reported that it has commenced a share repurchase of up to $100 million as authorized in a repurchase program already announced on May 6, 2019 (Press release, Qiagen, NOV 11, 2020, View Source [SID1234570801]).

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In the period between today and December 17, 2020, at the latest, up to $100 million of QIAGEN shares (or the equivalent Euro amount thereof, in each case without ancillary purchasing costs) are planned to be repurchased through a financial institution commissioned by the Company exclusively on the electronic trading platform of the Frankfurt Stock Exchange (XETRA). Based on the closing price on Tuesday, November 10, 2020, this represents a repurchase volume of approximately two million shares.

"This share repurchase program reflects our confidence in QIAGEN’s growth prospects and outlook, and is a reaffirmation of our commitment to creating value for shareholders and other stakeholders," said Thierry Bernard, Chief Executive Officer of QIAGEN N.V.

"We have a very healthy balance sheet that enables a disciplined capital deployment policy to support QIAGEN’s business expansion while also increasing returns to shareholders," said Roland Sackers, Chief Financial Officer of QIAGEN N.V.

QIAGEN will provide regular updates on the progress of the repurchase program in the Investor Relations section at www.qiagen.com.