Milestone Pharmaceuticals Announces Pricing of a Public Offering of $45 Million of Common Shares and Pre-Funded Warrants

On October 23, 2020 Milestone Pharmaceuticals Inc. (Nasdaq: MIST), a Phase 3 clinical-stage biopharmaceutical company dedicated to developing and commercializing etripamil for the treatment of cardiovascular indications, reported the pricing of its previously announced underwritten public offering of 3,810,097 of its common shares, and to certain investors in lieu thereof, pre-funded warrants to purchase 4,761,903 of its common shares at an exercise price of $0.01 per share (Press release, Milestone Pharmaceuticals, OCT 23, 2020, View Source [SID1234568940]). The public offering price of each common share is $5.25 and the public offering price of each pre-funded warrant is $5.24 per underlying share. In addition, Milestone has granted the underwriters a 30-day option to purchase up to an additional 1,285,800 common shares. The offering is expected to close on October 27, 2020, subject to customary closing conditions.

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Jefferies and Piper Sandler are acting as joint book-running managers for the offering. Oppenheimer & Co. is acting as lead manager for the offering.

Milestone expects to receive gross proceeds of $45 million from the offering, before deducting underwriting discounts and offering expenses. Milestone intends to use the net proceeds from the offering primarily to fund the clinical development of its lead product candidate etripamil, and for working capital, capital expenditures and other general corporate purposes.

The securities described above are being offered by Milestone pursuant to a shelf registration statement on Form S-3 (File No. 333-239318) filed with the Securities and Exchange Commission ("SEC") on June 19, 2020 and declared effective by the SEC on July 6, 2020. A preliminary prospectus supplement relating to the offering is, and a final prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at View Source Copies of the preliminary and final prospectus supplements relating to the offering may be obtained, when available, by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 547-6340 or by email at [email protected]; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Invitae to Announce Third Quarter 2020 Financial Results on Thursday, November 5, 2020

On October 23, 2020 Invitae Corporation (NYSE: NVTA), a leading medical genetics company, reported that it will report its third quarter 2020 financial results on Thursday, November 5, 2020 and will host a conference call and webcast that day at 4:30 p.m. Eastern / 1:30 p.m. Pacific to discuss its financial results and recent highlights (Press release, Invitae, OCT 23, 2020, View Source [SID1234568939]).

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To register for the conference call and webcast, please use one of the methods below. Upon registering, each participant will be provided with call details and a registrant ID. Reminders will also be sent to registered participants via email.

Online registration: View Source

Phone registration: (888) 869-1189 or (706) 643-5902

The live webcast of the call and slide deck may be accessed here or by visiting the investors section of the company’s website at ir.invitae.com. A replay of the webcast and conference call will be available shortly after the conclusion of the call and will be archived on the company’s website.

Following prepared remarks, management will respond to questions from analysts, subject to time limitations. We encourage our shareholders and those representing them to send in questions to ir.invitae.com.

Amyris To Host Third Quarter 2020 Financial Results Conference Call On November 5

On October 23, 2020 Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company in Clean Health and Beauty markets through its consumer brands, and a top supplier of sustainable and natural ingredients, reported that it will issue its financial results for the fiscal 2020 third quarter ended September 30, 2020 on Thursday, November 5, 2020 (Press release, Amyris Biotechnologies, OCT 23, 2020, View Source [SID1234568938]). The company plans to hold a conference call and live audio webcast for analysts and investors at 6:00 am Pacific Time (9:00 a.m. Eastern Time).

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On the call, John Melo, President and Chief Executive Officer, Han Kieftenbeld, Chief Financial Officer, and Eduardo Alvarez, Chief Operating Officer will provide an update on Amyris’ financial results and the company’s business.

The call can be accessed by dialing (877) 870-4263 (domestic) or (412) 317-0790 (international) and asking to join the Amyris, Inc. call. A live webcast of the call will be available online on the Amyris website. To listen via live webcast, please visit: View Source A replay of the webcast will be available on the Investor Relations section of the company’s website approximately two hours after the conclusion of the call.

It is recommended to dial-in at most 15 to 20 minutes prior to the call start to reduce waiting times. If a participant will be listen-only, they are encouraged to listen via the webcast on Amyris’ investor page.

Sumitomo Dainippon Pharma Oncology Announces First Patient Dosed in the Dubermatinib Arm of The Leukemia & Lymphoma Society’s Beat AML Master Clinical Trial in Patients with Acute Myeloid Leukemia

On October 23, 2020 Sumitomo Dainippon Pharma Oncology, Inc., a developer of novel cancer therapeutics, reported the first patient has been dosed in a Phase 1b/2 study evaluating the oral investigational agent, dubermatinib (TP-0903), an AXL kinase inhibitor, in combination with decitabine, in patients 60 years or older with newly diagnosed acute myeloid leukemia (AML) who have TP53 mutations and/or complex karyotype (Press release, Sumitomo Dainippon Pharma, OCT 23, 2020, View Source;lymphoma-societys-beat-aml-master-clinical-trial-in-patients-with-acute-myeloid-leukemia-301158414.html [SID1234568937]). This study is a new arm included in The Leukemia & Lymphoma Society’s (LLS) groundbreaking Beat AML Master Clinical Trial.

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The primary objectives of the study are to determine the safety and maximum tolerated dose of dubermatinib in combination with decitabine and evaluate the composite complete response rate. Secondary objectives of the study include overall survival and proportion of patients transitioning to allogeneic stem cell transplantation.

"Although there have been recent advances in the treatment of AML, for patients with certain types of mutations, prognosis and responsiveness to therapy remain poor. Therefore, dosing the first patient in this study represents an important milestone for patients with AML who have TP53 mutations," said Patricia S. Andrews, Chief Executive Officer and Global Head of Oncology, Sumitomo Dainippon Pharma Oncology (SDP Oncology). "We’re pleased to be collaborating with The Leukemia & Lymphoma Society and look forward to advancing the study of dubermatinib to learn more about its safety and effectiveness in AML."

AML is one of the deadliest blood cancers and the second most diagnosed type of leukemia in the U.S.1 The Beat AML Master Clinical Trial aims to leverage the expertise of functional genomic technologies and pharmaceutical collaborators, using a personalized medicine approach to accelerate research findings and ultimately improve outcomes for AML patients. Patients with TP53 mutations have few effective treatment options as their response rate to chemotherapy is poor and long-term survival after stem cell transplant is rare.2 The incidence of TP53 mutations in AML has been reported to be between 5 and 19 percent of patients.3-7

The trial is being conducted at several leading cancer centers across the United States. Additional information on this trial, including comprehensive inclusion and exclusion criteria, can be accessed at www.ClinicalTrials.gov (NCT03013998).

About Dubermatinib (TP-0903)

Dubermatinib is an investigational oral AXL receptor tyrosine kinase (RTK) inhibitor under evaluation in a Phase 1a/b study in patients with advanced solid tumors (NCT02729298) and an ongoing study in collaboration with The Leukemia & Lymphoma Society as part of the Beat AML Master Clinical Trial (NCT03013998). SDP Oncology is exploring parallel clinical development paths for dubermatinib in both solid and hematologic malignancies.

About AXL Kinase

AXL belongs to the TAM (Tyro3, AXL and Mer) family of receptor tyrosine kinases and is overexpressed in many human cancers.8 It plays a key role in tumor cell proliferation, survival, metastasis, cellular adhesion, and avoidance of the immune response. The overexpression of AXL is associated with a poor patient prognosis and drug resistance.9

PharmAbcine to participate at BIO-Europe 2020

On October 23, 2020 PharmAbcine Inc. (KOSDAQ: 208340ks) reported that the company will participate in the 26th Annual International BIO-Europe Partnering Conference which will be held digitally from October 26th to 29th (Press release, PharmAbcine, OCT 23, 2020, View Source [SID1234568936]).

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PharmAbcine’s business development team will take part in over 20 one-on-one meetings with pharmaceutical companies around the world. In addition to strengthening existing relationships, PharmAbcine will introduce Olinvacimab, PMC-403, and PMC-309 and seek new research collaborations or out-licensing opportunities.

Olinvacimab, PharmAbcine’s clinical asset, is an anti-VEGFR2 fully human antibody. It is undergoing two Phase 1b clinical studies in combination with Pembrolizumab, MSD’s PD-1 inhibitor, for metastatic Triple-Negative Breast Cancer (mTNBC) and recurrent glioblastoma multiforme (rGBM) patients. PharmAbcine plans to finalize both trials by the end of this year and initiate the Phase IIa for the mTNBC study early next year.

PMC-403 is a TIE2-activating fully human antibody designed to stabilize and repair damaged blood vessels in a variety of diseases. The company will initially focus on developing therapeutics for eye diseases such as age related macular degeneration (AMD) and diabetic retinopathy (DR). PharmAbcine expects PMC-403 to enter the clinical stage in 2022.

"This conference provides an excellent opportunity for us to exchange information and explore mutual interests with other life science companies. We are excited to present our pipeline assets to potential partners while gathering information on their needs," said Dr. Jin-San Yoo, CEO of PharmAbcine. "We expect to strengthen our presence in the industry, broaden our network, create new partnerships, and keep taps on current trends in drug development through active participation."

About Bio Europe Partnering Conference

BIO-Europe is Europe’s largest partnering conference serving the global life science industry. The event is expected to bring together 3,000 executives from around 1700 companies worldwide. The program is designed to promote the formation of new partnerships through one-on-one meetings and company presentations.