On January 11, 2021 Theratechnologies Inc. ("Theratechnologies" or the "Company") (TSX: TH) (NASDAQ: THTX) ), a biopharmaceutical company focused on the development and commercialization of innovative therapies, reported that it has entered into an agreement with Mackie Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and National Bank Financial Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 14,546,000 units of the Company (the "Units") for aggregate gross proceeds to the Company of US$40,001,500 (equivalent to approximately C$51,081,915) (the "Offering") at a price of US$2.75 per Unit (equivalent to approximately C$3.51 per Unit) (Press release, Theratechnologies, JAN 11, 2021, View Source [SID1234574983]).

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Each Unit shall be comprised of one common share of the Company (each a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of US$3.18 (equivalent to approximately C$4.06) at any time up to 36 months from the closing of the Offering.

On January 11, 2021 Diffusion Pharmaceuticals Inc. (Nasdaq: DFFN) ("Diffusion" or "the Company"), reported that the Company is participating in the H.C. Wainwright BioConnect 2021 Conference being held virtually January 11-14, 2021 (Press release, Diffusion Pharmaceuticals, JAN 11, 2021, View Source [SID1234574782]). Conference specifics are as follows:

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Event: H.C. Wainwright BioConnect 2021 Conference
Date: January 11-14, 2021
Registration: View Source
The recorded presentation can be accessed by conference participants and the presentation deck can be accessed on the investor relations section of the Diffusion Pharmaceuticals’ website.

On January 11, 2021 Cerus Corporation (Nasdaq: CERS) reported that preliminary product revenue for the fourth quarter and full year 2020 and provided 2021 product revenue guidance (Press release, Cerus, JAN 11, 2021, View Source [SID1234574133]).

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Cerus’ unaudited preliminary product revenue for the fourth quarter of 2020 totaled $28.2 million, an increase of 35% over the $20.9 million recognized during the same period in the prior year. Based on its fourth quarter unaudited preliminary product revenue, the Company expects full year 2020 product revenue of $91.9 million, exceeding the Company’s current 2020 product guidance range of $89 million to $91 million. The preliminary product revenue results have not been audited and are subject to change.

Preliminary fourth quarter product revenue would represent the highest quarterly product revenue ever reported by Cerus.

"Despite the challenges that our blood center customers, hospitals and we have faced with the COVID-19 pandemic, demand for INTERCEPT continues to grow impressively. While we anticipate that COVID-19 may still impact our access to blood centers and hospitals in the U.S. and western Europe in 2021, we nonetheless expect to see continued growth in INTERCEPT platelet kit demand, particularly in the U.S. as the new October 1 deadline for compliance with the FDA guidance on bacterial safety approaches," said William ‘Obi’ Greenman, Cerus’ president and chief executive officer.

"2021 will also mark our first sales of a biologic therapeutic product – Pathogen Reduced Cryoprecipitated Fibrinogen Complex. Our initial, limited launch will be a building phase ahead of a much broader, nationally focused rollout we expect in 2022. Based on our interactions and work to date, we are encouraged by the clinician reception to the new product and look forward to introducing the first manufactured products to hospitals for transfusion to patients this year," continued Greenman.

Despite ongoing pandemic-related customer access limitations, the Company expects full year 2021 product revenue will be in the range of $106 million to $110 million, representing growth of approximately 15% to 20% compared to preliminary unaudited 2020 full year results. This growth is expected to be driven by strong platelet kit demand in the U.S., as well as expected continued market adoption in targeted international markets.

Cerus will provide complete fourth quarter and full year 2020 financial results and host a call to discuss both 2020 results and 2021 expectations in late February.

On january 11, 2021 CellCentric reported that it has developed the first p300/CBP inhibitor of its kind, to treat targeted types of cancer (Press release, CellCentric, JAN 11, 2021, View Source [SID1234574002]). Today’s cornerstone Cancer Discovery publication summarises CCS1477 and its translational data, mapping the drug’s mechanism of action through to specific biological effects seen in late-stage prostate cancer patients. CCS1477 represents a new way to tackle large and clear clinical unmet needs; for prostate cancer patients whose tumour has progressed despite existing therapeutic options, including enzalutamide or abiraterone; for patients with haematological malignancies, including acute myeloid leukaemia, multiple myeloma and non-Hodgkin’s lymphoma; and for other molecularly targeted tumours.
View Source

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CCS1477 is an oral small molecule drug, formulated in a capsule. Its mechanism of action is defined by its binding to the common bromodomain of cancer gene regulators, p300 and CBP. The prostate clinical programme has been led by Professor Johann de Bono, Regius Professor of Cancer Medicine at The Institute of Cancer Research, London, and Clinical Consultant at The Royal Marsden NHS Foundation Trust. Phase I drug safety and dose finding studies are nearly complete, with the drug now entering Phase II expansion and combination studies.

It is known that tumour cells in late stage, drug resistant, prostate cancer are driven by signalling through the androgen receptor (AR). Over time the AR adapts to create versions that still signal cell growth but are no longer responsive to existing treatments which target the AR. CCS1477 binds to twin proteins p300 and CBP and impacts not only the parent AR, but also its adaptations, mutations as well as splice variants (AR-SV). Inhibiting p300/CBP affects other key cancer drivers including c-Myc, which also plays a key role in prostate cancer progression.

In the paper published online today in Cancer Discovery, data is presented that shows the impact of CCS1477 on AR, AR-SV and c-Myc in a range of pre-clinical models. Additionally, biological impact is reported in tumour samples taken from patients dosed with CellCentric’s first-in-class drug. Overall, CCS1477 shows promise for the treatment of patients with advanced prostate cancer. Clinical trials are now continuing to evaluate CCS1477 as a monotherapy, but also in combination with existing drugs, enzalutamide and abiraterone. Recent published data supports the use of p300/CBP inhibitors to re-sensitise tumours to existing second generation anti-hormonal agents.

Professor Johann de Bono commented ‘Having an agent that targets both AR and its adaptions has been the desire of prostate cancer clinicians for many years. These encouraging mechanistic data, with preliminary evidence of effects in patients, places CellCentric’s CCS1477 well for further evaluation with a clear patient need’.

Dr Will West, CEO of CellCentric, added ‘From our foundation in epigenetic research, to publishing translational research for our first of its kind drug, it has been an incredible team effort. It has been great to work so closely and openly with The Institute of Cancer Research and The Royal Marsden, but also to the many other clinical centres now testing our drug across the UK.’

CCS1477 is also being evaluated in patients with blood cancers, including multiple myeloma, AML and lymphomas. Additionally, the compound is being assessed in patients who have tumours with a p300 or CBP genetic mutation, as well as those which are AR+ or over-express Myc. Cancer types here include bladder, breast and small cell lung cancers.

On January 11, 2021 Addex Therapeutics Ltd (SIX: ADXN and Nasdaq: ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery and development, reported the successful completion of the previously announced global offering of 6,900,000 shares (New Shares) (including 6,750,000 shares delivered in the form of 1,125,000 American Depositary Shares, or ADSs) on the Nadaq Capital Market at a price of approximately CHF1.47 per share or $10.00 per ADS, including the full exercise of the underwriter’s option to purchase additional securities. Each ADS represents the right to receive six shares of Addex (Press release, Addex Therapeutics, JAN 11, 2021, View Source [SID1234573912]). The aggregate gross proceeds from the offering are $11.5 million, before deducting the underwriting discounts and commissions and offering expenses payable by Addex.

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Addex intends to use the net proceeds from the global offering, together with cash on hand, mainly to advance development of its portfolio of proprietary drug candidates based on its allosteric modulator development capabilities. These include dipraglurant, an mGlu5 negative allosteric modulator, for use in Parkinson’s disease and dystonia, and its preclinical pipeline.

H.C. Wainwright & Co. acted as sole book-running manager for the offering.

The New Shares are expected to begin trading on the SIX Swiss Exchange on January 12, 2021.

The shares, which are to be settled primarily in the form of ADSs, were offered and sold pursuant to the Company’s previously filed registration statement on Form F-1 (File No. 333-251322), as amended, with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on January 6, 2021. The offering has been made by means of a prospectus. An electronic copy of the final prospectus may be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by telephone at (646) 975-6996 or e-mail at [email protected] or on the SEC’s website at SEC.gov.

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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of Addex Therapeutics Ltd in or into Switzerland within the meaning of the Swiss Financial Services Act ("FinSA"). Neither this document nor any other offering or marketing material relating to these securities, such as the shares, constitutes or will constitute a prospectus pursuant to the FinSA, and neither this document nor any other offering or marketing material relating to the shares constitutes a prospectus pursuant to the FinSA, and neither this document nor any other offering or marketing material relating to the shares may be publicly distributed or otherwise made publicly available in Switzerland.