Genelux Announces Closing of a Strategic Financing Transaction

On September 25, 2020 Genelux Corporation, a privately-held clinical-stage immunotherapy company, reported that it has entered into a convertible note and warrant financing transaction with Woodward Diversified Capital (WDC) (Press release, Genelux, SEP 25, 2020, View Source [SID1234567101]). Genelux and WDC have completed the first close of a private placement of unsecured convertible notes of up to $20M and associated warrants.

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The transaction underscores the strength and promise of Olvi-Vec, Genelux’s lead oncolytic immunotherapy candidate. The Company intends to use the proceeds from the financing primarily to finalize preparations for and initiate its planned Phase 3 (registration) trial of Olvi-Vec in platinum refractory/resistant ovarian cancer and to fund further expansion of our clinical program, and for general corporate purposes.

Gabe Woodward, Partner at WDC, commented, "We were attracted to Genelux because of the caliber of the team and because they meet our criteria of having a breakthrough and innovative approach to address a significant unmet medical need."

"Genelux is fortunate to have the financial and sophisticated strategic support of WDC as we successfully advance Olvi-Vec towards its first registration trial," said Thomas Zindrick, J.D., President and CEO of Genelux.

About Olvimulogene Nanivacirepvec (Olvi-Vec)
Olvi-Vec is a proprietary, non-pathogenic oncolytic vaccinia virus, modified to increase its safety, tumor selectivity and anti-tumor activity. Virus-mediated oncolysis results in immunogenic cell death and triggers immune activation and memory for long-term immunotherapy against cancer. Clinical results in more than 150 subjects have shown Olvi-Vec is well tolerated with documented clinical benefits.

Blueprint Medicines Announces European Commission Approval of AYVAKYT® (avapritinib) for the Treatment of Adults with Unresectable or Metastatic PDGFRA D842V Mutant Gastrointestinal Stromal Tumors

On September 25, 2020 Blueprint Medicines Corporation (NASDAQ: BPMC), a precision therapy company focused on genomically defined cancers, rare diseases and cancer immunotherapy, reported that the European Commission (EC) has granted conditional marketing authorization to AYVAKYT (avapritinib) as a monotherapy for the treatment of adult patients with unresectable or metastatic gastrointestinal stromal tumors (GIST) harboring the platelet-derived growth factor receptor alpha (PDGFRA) D842V mutation. For the first time in Europe, there is an approved therapy for patients with PDGFRA D842V mutant GIST specifically designed to target the underlying molecular driver of their disease (Press release, Blueprint Medicines, SEP 25, 2020, View Source [SID1234565614]).

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The EC approval is based on efficacy results from the Phase 1 NAVIGATOR trial as well as combined safety results from the NAVIGATOR and Phase 3 VOYAGER trials. AYVAKYT demonstrated deep and durable clinical activity and was generally well-tolerated in patients with PDGFRA D842V mutant GIST with or without prior therapy. In 38 NAVIGATOR trial patients with PDGFRA D842V mutant GIST at a starting dose of 300 mg or 400 mg once daily, AYVAKYT had an overall response rate (ORR) of 95 percent (95% CI: 82.3%, 99.4%), with 13 percent of patients achieving a complete response, and the median duration of response (DOR) was 22.1 months (95% CI: 14.1 months, not estimable). The median progression-free survival (PFS) was 24 months, and the median overall survival (OS) was not reached. These efficacy data were reported earlier this month during the European Society for Medical Oncology (ESMO) (Free ESMO Whitepaper) Virtual Congress 2020. The most frequently reported adverse reactions (≥20 percent) were nausea, fatigue, anemia, periorbital edema, face edema, hyperbilirubinemia, diarrhea, vomiting, peripheral edema, increased lacrimation, decreased appetite and memory impairment.

GIST is a genomically driven sarcoma of the gastrointestinal (GI) tract, with PDGFRA D842V mutations implicated in a rare subset of patients. A retrospective study of patients with PDGFRA D842V mutant GIST showed that treatment with imatinib, the standard first-line GIST therapy, led to an ORR of 0 percent.2 ESMO (Free ESMO Whitepaper) guidelines recommend including mutational testing in the GIST diagnostic work-up as standard practice.

"There have historically been no treatments offering hope for patients with PDGFRA D842V mutant GIST. AYVAKYT represents the first major therapeutic breakthrough for patients with GIST harboring this mutation, defining a new standard of care," said Sebastian Bauer, M.D., medical oncologist at the West German Cancer Center in Essen, and an investigator on the NAVIGATOR trial. "The NAVIGATOR trial confirmed that almost all patients with PDGFRA D842V mutant GIST achieved tumor shrinkage and clinical responses were durable. These patients have lived longer than what is expected based on historical outcomes, and side effects have been well-tolerated in most patients. With this approval, it is more important than ever to conduct mutational testing prior to first-line treatment, so that patients with PDGFRA D842V mutant GIST may begin therapy with AYVAKYT, the only effective treatment for their tumor type."

"This year, Blueprint Medicines has received three marketing approvals globally, highlighting our commitment to rapidly advance a portfolio of transformative treatments and effectively deliver them to patients worldwide," said Jeff Albers, Chief Executive Officer at Blueprint Medicines. "AYVAKYT is the first highly active treatment option for PDGFRA D842V mutant GIST, offering much-needed hope for this rare patient population who have long been underserved by existing therapies. As we progress toward our AYVAKYT launches in Europe, we are focused on raising awareness about the therapy’s differentiated clinical profile and the importance of mutational testing, and working closely with health authorities to enable patient access to AYVAKYT as rapidly as possible."

In Europe, Blueprint Medicines plans to initiate its first commercial launch in Germany following the EC approval, and the timing of AYVAKYT availability will vary for other countries based on local reimbursement and access pathways. AYVAKYT will be available in 100 mg, 200 mg and 300 mg dose strengths, and the recommended starting dose is 300 mg once daily. As part of the conditional marketing authorization, Blueprint Medicines plans to conduct an observational, long-term study in patients with PDGFRA D842V mutant GIST treated with AYVAKYT.

"The introduction of a new targeted therapy, AYVAKYT, is an important milestone for patients with PDGFRA D842V mutant GIST, who have historically had no effective treatment options," said Markus Wartenberg, chair of Sarcoma Patients EuroNet Association (SPAEN). "We appreciate working with companies like Blueprint Medicines to advance treatment for those living with GIST, and empower the patient community through education and support."

About AYVAKYT (avapritinib)

AYVAKYT (avapritinib) is a kinase inhibitor approved in the EU for the treatment of adults with unresectable or metastatic GIST harboring the PDGFRA D842V mutation. AYVAKYT is the first precision therapy approved in Europe to treat a genomically defined population of patients with GIST. The EC previously granted orphan medicinal product designation for AYVAKYT for the treatment of GIST. This medicine was approved by the U.S. Food and Drug Administration (FDA) for the treatment of adults with unresectable or metastatic GIST harboring a PDGFRA exon 18 mutation, including PDGFRA D842V mutations, under the brand name AYVAKIT.

This therapy is not approved for the treatment of any other indication in the U.S. or Europe, or for any indication in any other jurisdiction by any other health authority. It is being developed globally for the treatment of advanced and indolent systemic mastocytosis (SM). The FDA granted breakthrough therapy designation to AYVAKIT for the treatment of advanced SM, including the subtypes of aggressive SM, SM with an associated hematologic neoplasm and mast cell leukemia.

Blueprint Medicines has an exclusive collaboration and license agreement with CStone Pharmaceuticals for the development and commercialization of avapritinib in Mainland China, Hong Kong, Macau and Taiwan. Blueprint Medicines retains development and commercial rights for avapritinib in the rest of the world.

About GIST

GIST is a sarcoma, or tumor of bone or connective tissue, of the GI tract. Tumors arise from cells in the wall of the GI tract and occur most often in the stomach or small intestine. Most patients are diagnosed between the ages of 50 to 80, and diagnosis is typically triggered by GI bleeding, incidental findings during surgery or imaging and, in rare cases, tumor rupture or GI obstruction.

About 5 to 6 percent of primary GIST cases are caused by a PDGFRA D842V mutation, the most common PDGFRA exon 18 mutation. Published data have shown poor outcomes in patients with PDGFRA D842V mutant GIST treated with imatinib and other approved therapies, including a median OS of 15 months, a median PFS of 3 months and an ORR of 0 percent.2

Combined Therapeutics Wins $250,000 MilliporeSigma Advance Biotech Grant

On September 25, 2020 MilliporeSigma reported that it has awarded MIT spin-out Combined Therapeutics a check for $250,000 as the winner of its 2020 Advance Biotech Grant (Press release, MilliporeSigma, SEP 25, 2020, View Source [SID1234565613]).

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Combined Therapeutics (CTx) is an early stage startup developing next generation virotherapy targeted with nucleic acids. The pre-clinical biotech aims to develop therapies to treat liver cancer using its mRNA using its targeted oncolytic platform.

The firm—founded by MIT professors Robert Langer and Dan Anderson, along with entrepreneur Romain Micol—was the prestigious winner Thursday of the MilliporeSigma Advance Biotech Grant, part of the 2020 National Xconomy Awards event.

The Advance Biotech Grant, sponsored and presented by MilliporeSigma, the life science business of Merck KGaA, looks to help resolve the limitations for emerging biotech companies in accessing the equipment, products, and services they need to discover, develop, and push the next generation of drugs to market. The rotating grant program began in 2014 and runs every six months in Europe, North America, and Asia with over €4 million ($4.7 million) having already been awarded.

Senior scientist Lauren Speciner picked up the award for Combined Therapeutics during the virtual event, and thanked MilliporeSigma in her acceptance speech.

"We’ve already had some really great discussions [with them]. They provided good input and helped us to give some solutions to some of the process issues that we’ve been having," she told delegates. "This grant will help us to scale up quickly and create the next generation of mRNA therapeutics and we look forward to continue working with them."

Combined Therapeutics will be able to use the $250,000 USD for the purchase of:

$160,000 in Bioprocessing Technologies
$36,800 in Bioprocessing Technologies consultation in upstream and downstream processes, media optimization, Spent Media Analysis offerings, a visit to M Lab Collaboration Center located in Burlington, MA with dedicated support onsite, and one free classroom-based application training course
$40,000 in the Actives and Formulation catalogue portfolio for biomolecule formulation (e.g., stabilizers, buffers, biodegradable polymers, lipids, etc.)—training on the Emprove program and its advantages for the preparation of the registration process is included
$13,200 for a full subscription to the Emprove Suite (access for a one-year period)
MilliporeSigma’s Head of Process Solutions, Andrew Bulpin, introduced the award, explaining how the company strives to help biotech startups understand the challenges in the quest to push the next generation of drugs to market.

"Whether you operate in the field of monoclonal antibodies, and recombinant antibody, drug conjugates, vaccines, or gene therapies, our products, services, and experts are there to help you find the best way to move your molecule to the next scale faster," he said. "Through our advanced biotech grant program, we recognize stand-out emerging biotech companies and help them navigate their path to commercialization."

Combined Therapeutics was one three finalists from over 50 applicants. The other two finalists—Frank Jing of Tenaya Therapeutics and Tim Pelura of Respana Therapeutics—both received $10,000 in products and services for their respective companies.

Ultragenyx to Present at Jefferies Gene Therapy/Editing Summit

On September 25, 2020 Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel products for serious rare and ultra-rare genetic diseases, reported that Emil D. Kakkis, M.D., Ph.D., the company’s Chief Executive Officer and President, will hold a virtual presentation at the Jefferies Virtual Gene Therapy/Editing Summit on Friday, October 2, 2020 at 1:00 PM ET (Press release, Ultragenyx Pharmaceutical, SEP 25, 2020, View Source [SID1234565606]).

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The live and archived webcast of the presentation will be accessible from the company’s website at View Source The replay of the webcast will be available for 90 days.

Cardinal Health to Webcast Discussion of First-Quarter Results for Fiscal Year 2021 on November 5

On September 25, 2020 Cardinal Health (NYSE: CAH) reorted that first-quarter financial results for its fiscal year 2021 on November 5 prior to the opening of trading on the New York Stock Exchange (Press release, Cardinal Health, SEP 25, 2020, View Source [SID1234565604]). The company will webcast a discussion of these results beginning at 8:30 a.m. Eastern.

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To access the webcast and corresponding slide presentation, go to the Investor Relations page at ir.cardinalhealth.com. No access code is required. Presentation slides and a webcast replay will be available until November 4, 2021.