Nordic Nanovector Sees Significant Improvement in Patient Recruitment Rate in PARADIGME, its Single-arm Phase 2 Pivotal Trial with Betalutin® in R/R Follicular Lymphoma

On February 18, 2021 Nordic Nanovector ASA (OSE: NANOV) reported an update on PARADIGME, its ongoing pivotal Phase 2b trial of Betalutin (177Lu lilotomab satetraxetan) in 3rd-line relapsed/refractory follicular lymphoma (3L R/R FL) (Press release, Nordic Nanovector, FEB 18, 2021, View Source [SID1234575300]).

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Despite COVID has the company seen a significant improvement in the enrolment rate from approximately two to approximately five patients per month. After the expected lessening of COVID restrictions plus the ongoing operational improvements, this rate could further increase to at least seven patients on average per month by late spring.

14 patients were enrolled from November 2020 to 17 February 2021 (three patients from August to November 2020), with visibility on increasing numbers of patients in screening. 73 patients were enrolled as of 17 February 2021 (59 enrolled as of 18 November 2020).

In addition, following discussions with the US Food and Drug Administration and an internal review, the company believes that a robust clinical data set (safety and efficacy) to support a filing at the designated dosing regimen of 40/15 can be achieved with a reduction of the initially targeted population from 130 to 120 patients. On this basis, 47 more patients are required to complete PARADIGME for regulatory submission of Betalutin.

The trial protocol amendments that were submitted in Q3’2020 have now been approved in all of the 24 participating countries including the US. In addition, further initiatives have been implemented, especially in the US, to improve the enrolment rate by entering agreements with organisations that specialise on focused patient enrolment campaigns.

The recent improvement in the enrolment rate has been driven by these protocol amendments and the initiatives being implemented to facilitate trial execution. The company anticipates the enrolment rate to continue improving as the most recent initiatives pay back fully and the impact of COVID-19 recedes with restrictions lifting over time as the roll out of global vaccination programmes takes effect.

As a result, the company is more confident that it can deliver preliminary three-month top-line data from PARADIGME in H2’2021.

Christine Wilkinson Blanc, Chief Medical Officer of Nordic Nanovector, commented: "We are beginning to see an encouraging improvement in the enrolment rate for PARADIGME based on changes to the trial protocol and the initiatives we are implementing to improve the execution of the trial. We now have clarity from key regulators on the clinical data set that is expected as a basis for our filing. This clarity, in conjunction with the improving enrolment rate and the continuing recruitment initiatives, gives us confidence that we can meet our goal of having preliminary three-month top-line data in H2′ 2021."

Protalix BioTherapeutics Completes Raise of Approximately $40 Million in Gross Proceeds

On February 18, 2021 Protalix BioTherapeutics, Inc. (NYSE American: PLX) (TASE: PLX), a biopharmaceutical company focused on the development, production and commercialization of recombinant therapeutic proteins produced by its proprietary ProCellEx plant cell–based protein expression system, reported it has completed a raise bringing in gross proceeds of approximately $40 million, before deducting the underwriting discount and estimated expenses of the offering (Press release, Protalix, FEB 18, 2021, View Source [SID1234575299]). BofA Securities acted as book-running manager for the offering with Oppenheimer & Co. acting as co-manager.

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"I am very proud of our team for all our accomplishments this past year, especially having executed on our strategic plans during the global pandemic. We are on a new trajectory as a company with the potential upcoming commercial launch in a significant market with a new, exciting treatment option for patients, if approved; a pipeline of proprietary assets designed to enhance shareholder value supported by a strong balance sheet allowing us to execute on our strategic goals," said Dror Bashan, President and Chief Executive Officer of Protalix.

Eyal Rubin, Chief Financial Officer of Protalix added, "With this financing, we were able to accomplish our goal of bringing in new institutional investors to the Company while strengthening our balance sheet to accelerate clinical trial development. We are grateful for the commitment and the confidence in our strategic plans and goals and look forward to continuing to execute and achieve our milestones planned for this year."

Protalix intends to use the net proceeds from the offering to fund clinical trials for its product candidates, to fund its research and development activities and for working capital and other general corporate purposes.

Alkermes to Take Part in SVB Leerink 10th Annual Global Healthcare Conference

On February 18, 2021 Alkermes plc (Nasdaq: ALKS) reported that management will participate in a virtual fireside chat at the SVB Leerink Global Healthcare Conference on Wednesday, Feb. 24, 2021 at 9:20 a.m. ET (2:20 p.m. GMT) (Press release, Alkermes, FEB 18, 2021, View Source [SID1234575298]). The presentation may be accessed under the Investors tab on www.alkermes.com and will be archived for 14 days.

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Mirati Therapeutics To Present At Upcoming Healthcare Conferences

On February 18, 2021 Mirati Therapeutics, Inc. (NASDAQ: MRTX), a late-stage targeted oncology company, reported that it will participate in two upcoming healthcare conferences (Press release, Mirati, FEB 18, 2021, View Source [SID1234575297]).

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Friday, February 26th at 12:00 p.m. EST/9:00 a.m. PST at the 10th Annual SVB Leerink Global Healthcare Conference. Dan Faga, executive vice president and chief operating officer will represent Mirati in a fireside chat at the conference.
Wednesday, March 3rd at 2:00 p.m. EST/11:00 a.m. PST at the 41st Annual Cowen Healthcare Conference. Charles M. Baum, M.D., Ph.D., president and chief executive officer will represent Mirati in a fireside chat at the conference.
The webcast will be available through the "Investors" section of the Mirati website, Mirati Investor Events and Presentations, and a replay of the webcast will be made available for 90 days following the event.

Quanterix to Present at the 10th Annual SVB Leerink Global Healthcare Conference

On February 18, 2021 Quanterix Corporation (NASDAQ: QTRX), a company digitizing biomarker analysis to advance the science of precision health, reported that Chairman, Chief Executive Officer and President, Kevin Hrusovsky, will be presenting at the 10th Annual SVB Leerink Global Healthcare Conference, being held virtually from February 22 – 26, 2021 (Press release, Quanterix, FEB 18, 2021, View Source [SID1234575296]). Hrusovsky’s presentation will take place on Friday, February 26, at 9:20 a.m. EST.

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Attendees can access the public webcast at View Source or by visiting the News & Events page within the Investors section of the Quanterix website at View Source Replays of the webcast will be available on the Quanterix website for 90 days following the conference.