Oblique Therapeutics AB, raises 98 MSEK in a private placement investment round.

On November 18, 2020 Oblique Therapeutics AB, a privately held Swedish biotech company, reported that it has received 98 MSEK from new investors and shareholders including several Swedish institutional investors and European venture capital investment firm Sunstone Life Science Ventures after a successful fundraising campaign led by Västra Hamnen Corporate Finance AB (Press release, Oblique Therapeutics, NOV 18, 2020, https://obliquet.com/wp-content/uploads/2020/11/Oblique-Therapeutics-AB-raises-98-MSEK-in-a-private-placement-investment-round.pdf [SID1234571337]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The financing will enable Oblique Therapeutics AB to further accelerate its antibody pipeline and global expansion.

"This fundraising will allow us to reinforce our position as a global industry leader focused on transformative antibody medicines against pain and aggressive cancer. We are extremely pleased with the positive capital market response, and look with forward to an exciting year in 2021 which could provide Oblique Therapeutics with additional industry validation through a strong interest from global Big Pharma. We are convinced that our rapid pipeline progression, with block buster potential in all current projects, will be highly value creating and welcome all new shareholders to the company." Prof. Owe Orwar, CEO Oblique Therapeutics..

About Abiprot TM
Oblique Therapeutics AB has developed AbiprotTM, a proprietary methodology to identify epitopes on protein targets that have previously proven difficult to address with antibodies. AbiprotTM can identify high-affinity antibody binding sites in any given protein with single amino acid resolution while the protein resides in its native environment. It is based on using a tailored molecular reporter system and proteomics. The platform yields detailed sequence and structure information for epitope identification and development. Oblique Therapeutics is applying this technology for discovery of selective antibody therapeutics targeting, for example, KRAS for the treatment of cancers and several ion channel targets to treat pain.

Quest Diagnostics Declares Quarterly Cash Dividend

On November 18, 2020 Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, reported that its Board of Directors declared a quarterly cash dividend of $0.56 per share, payable on February 3, 2021 to shareholders of record of Quest Diagnostics common stock on January 20, 2021 (Press release, Quest Diagnostics, NOV 18, 2020, View Source [SID1234571336]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

AbbVie Announces Expiration and Final Results of Registered Exchange Offers

On November 18, 2020 AbbVie Inc. (NYSE:ABBV) ("AbbVie") reported the expiration and final results of its offers to exchange (the "Registered Exchange Offers") any and all of its outstanding (i) $30,000,000,000 aggregate principal amount of senior unsecured notes previously issued on November 21, 2019 (the "2019 USD Notes"), (ii) $13,251,781,000 aggregate principal amount of senior unsecured notes previously issued on May 14, 2020 (the "2020 USD Notes" and, together with the 2019 USD Notes, the "USD Notes") and (iii) €2,517,066,000 aggregate principal amount of senior unsecured notes previously issued on May 14, 2020 (the "Euro Notes" and, together with the USD Notes, the "Original Notes"), each issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of new notes in a transaction registered under the Securities Act (the "Registered Notes") (Press release, AbbVie, NOV 18, 2020, View Source [SID1234571333]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The Registered Exchange Offer expired at 5:00 p.m., New York City time, on November 17, 2020 (the "Expiration Date"). As of the Expiration Date, the aggregate principal amounts of Original Notes set forth in the table below had been validly tendered and not validly withdrawn. AbbVie has accepted for exchange all such tendered Original Notes in the Registered Exchange Offers.

Upon the settlement of the Registered Exchange Offers, holders of Original Notes who validly tendered and did not validly withdraw such Original Notes prior to the Expiration Date will receive a like principal amount of Registered Notes of the applicable series. AbbVie expects that such settlement will occur on or about November 19, 2020.

The terms of the Registered Notes to be issued in the Registered Exchange Offers are substantially identical to the terms of the corresponding series of Original Notes, except that the offering of the Registered Notes will be registered under the Securities Act and the transfer restrictions, registration rights and additional interest provisions applicable to the Original Notes will not apply to the Registered Notes. AbbVie will issue the Registered Notes under the same indentures that govern the applicable series of Original Notes. The Registered Exchange Offers do not represent a new financing transaction.

A Registration Statement on Form S-4 (File No. 333-249277) (the "Registration Statement") relating to the Registered Exchange Offers was filed with the Securities and Exchange Commission on October 2, 2020 and was declared effective on October 16, 2020. The Registered Exchange Offers were made pursuant to the terms and subject to the conditions set forth in a prospectus dated October 19, 2020 (as the same may be amended or supplemented, the "Prospectus"), which has been filed with the Securities and Exchange Commission and forms a part of the Registration Statement.

This press release is not an offer to sell or exchange or a solicitation of an offer to buy or exchange any of the securities described herein.

Halozyme To Participate In Fireside Chat For The Piper Sandler 32nd Annual Virtual Healthcare Conference

On November 18, 2020 Halozyme Therapeutics, Inc. (NASDAQ: HALO) reported that Dr. Helen Torley, president and chief executive officer, will participate in a fireside chat presentation for the Piper Sandler 32nd Annual Virtual Healthcare Conference. The virtual conference will be held from December 1-3, 2020 (Press release, Halozyme, NOV 18, 2020, View Source [SID1234571331]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

The pre-recorded fireside chat will be available online Wednesday, November 25 in the investor relations section of the company’s website at View Source

GNS561’s successful phase 1b trial completed

On November 18, 2020 Genoscience Pharma, a clinical stage biotechnology company developing unique lysosomotropic drug candidates for the treatment of cancer, autoimmune and infectious diseases through autophagy modulation, reported the successful completion of a phase 1b clinical study with GNS561, its lead candidate, in primary and secondary liver cancer patients (Press release, GenoScience, NOV 18, 2020, View Source [SID1234571329]). The company is planning to start phase 2 trials in 2021.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

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

                  Schedule Your 30 min Free Demo!

"Safety and biomarker data from the GNS561 phase 1b study in primary and secondary liver cancers support moving the drug into later stage clinical studies with the aim of addressing patients with liver cancer that have a fatal progression," said Thomas Decaens, M.D., chief hepatogastroenterologist & oncologist and investigator in the GNS561 phase 1 trial at Grenoble-Alpes Centre Hospitalier Universitaire (France).

A recommended phase 2 dose has been selected and validated by the Safety Monitoring Committee (SMC). Genoscience Pharma plans to conduct a phase 2 study using GNS561 as a monotherapy. In parallel, Genoscience Pharma is planning to conduct combination trials with immune checkpoint inhibitors. It has been shown that autophagy is a key mechanism implicated in the immune evasion of immune checkpoint inhibitor therapies. By combining both treatments, in addition to its own anti-tumor activity, GNS561 has been shown to sensitize the tumor to immune checkpoint inhibitors in preclinical models.

"This is a major step for Genoscience Pharma. We are looking forward to continuing our drug development work in liver cancers and broadening the current treatment options. Data from our completed phase 1b study encourages us to pursue our efforts to treat patients that have no other satisfactory therapeutic options," said Philippe Halfon, M.D., CEO and founder of Genoscience Pharma.

Phase 1b results:
The study,which took place in the US and several European countries, enrolled 26 patients in six cohorts: 50mg, 100mg, 200mg, 400mg (three times per week), and 200mg and 300mg twicedaily. The primary objective of the trial was to assess the safety of GNS561 in patients with locally advanced or metastatic hepatocellular carcinoma (HCC) that is not deemed appropriate for a curative therapy, in patients with locally advanced or metastatic intrahepatic cholangiocarcinoma (iCCA), in patients with pancreatic adenocarcinoma (PDAC) and liver metastasis, and in patients with colorectal cancer (CRC) and liver metastasis. All patients were previously exposed to one or more anti-tumor therapies (to which they were found to be refractory or intolerant). Secondary objectives of the study were to identify the recommended phase 2 dose (RD) and to characterize the pharmacokinetics. Some exploratory objectives were evaluated such as pharmacodynamics (PD) biomarker expression in blood and in liver biopsy.

Safety data: Analysis of all the safety data to date demonstrates that GNS561 has generally been well-tolerated with no dose-limiting toxicities or unexpected safety signals. The most frequent adverse events observed are manageable gastro-intestinal events, as determined by the SMC.

Pharmacokinetics: The data observed on day one of each cycle shows an absorption profile typical of an oral administration. A long half-life has been measured and linear pharmacokinetics. As expected, there was a higher concentration of GNS561 in the liver than in the plasma.

Preliminary disease stabilization: While the phase 1b trial was a safety trial and not intended to demonstrate efficacy, the investigator-assessed best response (RECIST v1.1) to GNS561 across all cohorts supports promising clinical activity. All patients were advanced; almost half of the total number treated and 60% of HCC enrolled patients were previously exposed to three lines or more of anti-cancer therapies. A disease stabilization was observed in three patients (two in seven evaluable HCC patients and one iCCA patient). "We are investigating all the data obtained from this phase 1 and some of the trends observed are interesting. Disease stabilization observed is a starting point, we look forward to seeing the potential of the compound in a dedicated efficacy trial. The team is writing an article to describe more of the phase 1b results we obtained; we will publish soon," said Eric Raymond, M.D., chief medical officer of Genoscience Pharma.

About GNS561 GNS561 is a PPT-1 (Palmitoyl Protein Thioesterase-1) inhibitor that blocks autophagy. Autophagy is activated in tumor cells in response to certain conditions, due to a tumor cell growth in advanced cancers. By entering the lysosomes and binding to its target, GNS561 has an important inhibiting activity on late stage autophagy, which leads to tumor cell death.