Seneca Biopharma Reports 2020 Third Quarter Results

On November 10, 2020 Seneca Biopharma, Inc. (Nasdaq: SNCA), a biopharmaceutical company focused on developing novel treatments for diseases of high unmet medical need, reported its financial results for the quarter ended September 30, 2020 (Press release, Seneca Biopharma, NOV 10, 2020, View Source [SID1234570639]).

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Business Highlights for 2020 to date.

During 2020, the Company achieved the following business milestones:

Completed offerings resulting in net proceeds of over $14.7 million.

Continued progress on both the Company’s out-licensing effort to partner NSI-566 and NSI-189 programs and initiative to in-license or acquire novel therapeutics.

Appointed Matthew W. Kalnik, Ph.D. as President and Chief Operating Officer and Dane R. Saglio as Chief Financial Officer.

Announced the completion of the last subject’s follow-up assessment in the Company’s non-GCP Phase II trial evaluating NSI-566, for the treatment of chronic ischemic stroke.

Announced that as a result of feedback received from the FDA, Seneca believes that the existing Phase 1 and 2 trial results support moving into a Phase 3 clinical study for ALS.

Completion of the Company’s stem cell manufacturing facility in Suzhou, China which will be used to manufacture NSI-566 for clinical trials within China.
Financial Results for the Quarter Ended September 30, 2020

Cash Position and Liquidity: At September 30, 2020, cash was approximately $12.7 million as compared to approximately $15.8 million at June 30, 2020.

Operating Loss: Operating loss for the quarter ended September 30, 2020 was $2.3 million compared to a loss of $2.1 million for the comparable 2019 period. For the nine-month period ended September 30, 2020, the operating loss was $6.3 million versus $6.5 million for the nine months ended September 30, 2019. The decrease in operating loss for 2020 was primarily due to a decrease in R&D expenses as we continue to wind down the clinical programs. This decrease was partially offset by an increase in G&A expenses which reflects an enhanced management structure to support corporate objectives as compared to the same period of 2019.

Net Loss: Net loss for the quarter ended September 30, 2020 was $2.3 million, or $0.13 per share, compared to a loss of $1.8 million, or $0.59 per share on a post-reverse stock-split basis, for the same period in 2019. For the 2020 nine-month period the net loss was $11.8 million, or $0.93 per share versus a net loss of $6.3 million, or $4.80 per share for the same period in 2019. The 2020 increase in net loss was primarily attributed to a non-cash expense of $5.6 million related to the January 2020 warrant inducement transaction.

Oramed to Present at H.C. Wainwright 6th Annual Israel Conference

On November 10, 2020 Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) (TASE: ORMP) (www.oramed.com), a clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, reported that CEO Nadav Kidron will present a company overview at the H.C. Wainwright 6th Annual Israel Conference (Press release, Oramed Pharmaceuticals, NOV 10, 2020, View Source [SID1234570637]).

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Presentation Details:

H.C. Wainwright 6th Annual Israel Conference

Presenter: Nadav Kidron, CEO

Date: Thursday, November 12, 2020

Time: 11:30 AM ET

Natera Presents New Data at the 2020 SITC Annual Meeting Highlighting Applications of Personalized ctDNA Testing in Immunotherapy Treatment Monitoring

On November 10, 2020 Natera, Inc. (NASDAQ: NTRA), a pioneer and global leader in cell-free DNA testing, reported it will present new immunotherapy data on its personalized and tumor-informed molecular residual disease (MRD) assay, Signatera, at the Society for Immunotherapy of Cancer (SITC) (Free SITC Whitepaper) 35th Anniversary Annual Meeting, taking place November 9-14, 2020 (Press release, Natera, NOV 10, 2020, View Source [SID1234570635]).

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Natera will present four posters demonstrating the ability of Signatera to monitor response to immunotherapy in colorectal and breast cancer.

"Tumor-informed circulating tumor DNA tests have broad clinical utility across cancer types," said Georges Azzi, MD, oncologist at Holy Cross Health in Ft. Lauderdale, Florida and co-author of one of the posters presented. "I am excited to partner with Natera to further explore early indications of treatment response, or lack thereof, using this novel technology."

"We have consistently demonstrated the clinical utility of MRD testing with Signatera to help patients detect recurrence earlier, and we are now seeing evidence of Signatera’s ability to effectively monitor immunotherapy treatment," said Alexey Aleshin, MD, Natera’s Senior Medical Director of Oncology. "The studies we are presenting at SITC (Free SITC Whitepaper) showcase Signatera’s broadened capability to evaluate immunotherapy treatment response, an area in which there is a significant unmet need for more optimal diagnostic tools."

Details about the abstracts are as follows:

Abstract #23 | Poster Presentation
Presenter: Pashtoon Kasi, MD, MS

Circulating tumor DNA (ctDNA) serial analysis during progression on PD-1 blockade and later CTLA-4 rescue in patients with mismatch repair deficient metastatic colorectal cancer

A case series of three patients with mismatch repair deficient (dMMR), high microsatellite instability metastatic colorectal cancer (CRC), who progressed on PD-1 inhibitor pembrolizumab and were being treated with CTLA-4 inhibitors (nivolumab and ipilimumab). All patients were monitored with radiological imaging and serial ctDNA assessments using Signatera. ctDNA levels were corroborated by imaging in all cases and predicted tumor responses weeks ahead of imaging, supporting the use of ctDNA as a dynamic biomarker for response to immunotherapy.

Abstract #24 | Poster Presentation
Presenter: Pashtoon Kasi, MD, MS

Utility of tumor-informed molecular residual disease assays in patients with complete response to immune checkpoint blockade

Data regarding neoadjuvant usage of immunotherapy pertaining to mismatch repair deficient tumors is limited to-date. This poster describes two patients with advanced, non-metastatic dMMR tumors undergoing immune checkpoint blockade (ICB) therapy. Both patients achieved robust and dramatic responses to ICB therapy, with complete clearance of ctDNA and no evidence of residual disease radiologically, supporting the clinical decision to defer surgery and radiation. These data highlight a potential use of ctDNA-based MRD testing to help inform "watch & wait" approaches.

Abstract #25 | Poster Presentation
Presenter: Georges Azzi, MD

Line of therapy adjustment in a patient with advanced triple-negative breast cancer (TNBC) by using personalized ctDNA test for treatment response monitoring

A case study of a patient with advanced TNBC whose clinical course was tracked using ctDNA and radiologic imaging. After surgery, the patient tested positive for MRD using Signatera, but negative when assessed using a tumor-naive assay. Serial ctDNA analysis over the course of the patient’s treatment enabled detection of lack of response and acquired resistance to therapy as much as 80 days earlier compared to imaging.

Abstract #26 | Poster Presentation
Presenter: Charles J. Schneider, MD, FACP

ctDNA clearance and radiographic resolution of lymph node metastasis in a patient with metastatic microsatellite stable colorectal cancer on immunotherapy

A case study of a patient with metastatic CRC with high tumor mutational burden (TMB) and CEA-low phenotype. The patient was MRD positive following initial surgical resection of the metastatic lesion, with ctDNA continuing to rise as a result of lymph node involvement. Upon receiving two rounds of immunotherapy, the patient showed complete clearance of ctDNA, correlating with radiologic resolution of metastatic disease. This suggests that ctDNA can serve as a dynamic biomarker of disease status, which may be more useful for monitoring treatment response, regardless of CEA expression.

About Signatera
Signatera is a custom-built circulating tumor DNA (ctDNA) test for treatment monitoring and molecular residual disease (MRD) assessment in patients previously diagnosed with cancer. The test is available for clinical and research use, and in 2019, it was granted Breakthrough Device Designation by the FDA. The Signatera test is personalized and tumor-informed, providing each individual with a customized blood test tailored to fit the unique signature of clonal mutations found in that individual’s tumor. This maximizes accuracy for detecting the presence or absence of residual disease in a blood sample, even at levels down to a single tumor molecule in a tube of blood. Unlike a standard liquid biopsy, Signatera is not intended to match patients with any particular therapy; rather, it is intended to detect and quantify how much cancer is left in the body, to detect recurrence earlier and to help optimize treatment decisions. Signatera test performance has been clinically validated in multiple cancer types including colorectal, non-small cell lung, breast, and bladder cancers. Signatera has been developed and its performance characteristics determined by Natera, the CLIA-certified laboratory performing the test. The test has not been cleared or approved by the US Food and Drug Administration (FDA). CAP accredited, ISO 13485 certified, and CLIA certified.

GT Medical Technologies Announces First Patient Treated in Registry Trial of GammaTile Therapy for Brain Tumors

On November 10, 2020 GT Medical Technologies, Inc., a company dedicated to improving the lives of patients with brain tumors, reported the first patient has been enrolled into its registry trial of GammaTile, a FDA-cleared, Surgically Targeted Radiation Therapy (STaRT) for newly diagnosed malignant and recurrent brain tumors (Press release, GT Medical Technologies, NOV 10, 2020, View Source [SID1234570634]). The study will evaluate the safety and effectiveness of GammaTile Therapy in a real-world setting in up to 50 brain tumor centers across the United States.

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"GammaTile Therapy was created with the goal of elevating the standard of care, and this registry will help demonstrate how it is making a measurable impact on patients diagnosed with brain tumors," said Matt Likens, President and CEO of GT Medical Technologies. "We have been encouraged by previous studies showing that GammaTile Therapy delays recurrence and may extend survival, which led to FDA clearance. This registry will shed further light on the real-world benefits of STaRT for people with brain tumors."

The multicenter observational study will enroll 600 patients with brain tumors of any pathology who have received treatment with GammaTile Therapy. Data will be collected before and after surgery and implantation of GammaTiles and at 1, 3, 6, 9, 12, 18 and 24 months, then every 6 months through 5 years. Primary and secondary endpoints will include local tumor control, overall survival, quality of life, physical function, and safety. This will be the first observational registry study of resection plus GammaTile. Data from the study will be used to benchmark clinical outcomes for GammaTile Therapy and allow for comparisons to existing standard-of-care treatments for patients with brain tumors.

Over 700,000 Americans are living with a brain tumor today.1 Despite the efforts of the most skilled brain tumor specialists in the world, outcomes for patients with brain tumors have improved little over the past 30 years. GammaTile is the latest FDA-cleared treatment for newly diagnosed malignant and recurrent brain tumors, and recently announced data show promising clinical outcomes for patients diagnosed with high grade gliomas, brain metastases, and aggressive meningiomas.2

"As a neurosurgeon, I am always looking for treatments that help give my patients more time and a better quality of life, and from what I have seen in my patients to date, GammaTile Therapy offers both," said Dr. Stuart Lee, Chief of Neurosurgery at Vidant Health in Greenville, North Carolina. "It is an honor to have treated and enrolled the first patient in this registry. My hope is that the insights gleaned from this study will give us information to continue improving the standard of care for patients with brain tumors."

In addition to the registry trial, two additional studies evaluating GammaTile Therapy in patients with brain metastases were announced at the 2020 Society of Neuro-Oncology Virtual Meeting on Brain Metastases in August. Those studies, which are led by The University of Texas MD Anderson Cancer Center and Memorial Sloan Kettering Cancer Center, are expected to begin enrollment in Q4 2020.3

Therapeutic Solutions International Reports Augmentation of Immunotherapy Efficacy in Breast Cancer Model Utilizing Patented NanoStilbene™ Nutraceutical Product

On November 10, 2020 Therapeutics Solution International, Inc., (OTC Markets: TSOI), reported novel data supporting utilization of the Company’s NanoStilbene product for enhancement of cancer immunotherapy clinical trials (Press release, Therapeutics Solutions International, NOV 10, 2020, View Source [SID1234570633]).

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In the experiments disclosed today, Company collaborators injected mice with a type of breast cancer termed 4T1. This aggressive type of cancer, which represents triple negative breast cancer, was demonstrated to have a reduced level of growth when treated with a type of immune stimulatory drug which represents a mouse version of Yervoy. The combination of NanoStilbene with Yervoy leads to not only inhibition of tumor growth, but actual regression.

"The Company’s current intellectual property portfolio possesses issued and pending patents covering numerous immune stimulatory uses of NanoStilbene, which already has demonstrated therapeutic signals in pilot oncology clinical trials," said Famela Ramos, Director of Business Development. "This data reinforces the potency of the Company’s approach and supports initiation of larger clinical trials."

Yervoy is approved by the FDA for treating several types of cancers including melanoma. Its sales in 2018 where 1.3 billion dollars1. The Company believes patients responding to Yervoy may be increased by combining with NanoStilbene.

"Through our numerous collaborators, we are identifying novel uses for our pipeline of nutraceutical and conventional products," said Timothy Dixon, President and CEO of the Company. "We look forward towards increasing the impact of our early animal data through clinical collaborations with key opinion leaders."