Obsidian Therapeutics To Present Preclinical Data From cytoTIL15 Program at the 24th American Society of Gene and Cell Therapy Annual Meeting

On May 4, 2021 Obsidian Therapeutics, a biotechnology company pioneering engineered cell and gene therapies, reported that the Company will present at the upcoming 24th American Society of Gene and Cell Therapy (ASGCT) (Free ASGCT Whitepaper) Annual Meeting, which will be hosted virtually May 11-14, 2021 (Press release, Obsidian Therapeutics, MAY 4, 2021, View Source [SID1234579136]).

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The abstract for the poster describes how Obsidian’s cytoTIL15 product (cytoTIL therapy engineered with mbIL15) demonstrates enhanced in vivo performance in the absence of IL-2, paving the way for more durable efficacy and improved safety in patients with solid tumor malignancies, and has been published in Molecular Therapy.

Details of the poster:

Title: cytoTIL therapy engineered with mbIL15 demonstrates enhanced in vivo persistence in the absence of IL-2, paving the way for durable efficacy and improved safety in patients with solid tumor malignancies

Abstract Number: 617

Session: Cancer – Immunotherapy, Cancer Vaccines

Session Date and Time: Tuesday May 11, 2021 8:00 AM – 10:00 AM

Abstract Summary: Tumor-infiltrating lymphocytes (TILs) have generated promising data in clinical trials as therapy for heavily pretreated patients with solid tumor malignancies, such as metastatic melanoma. The IL-2 regimen required for in vivo maintenance of TILs poses significant limitations on application of the therapy. Obsidian’s cytoTIL product is comprised of TILs engineered with membrane bound IL-15 (mbIL15) that is regulatable using a drug responsive domain (DRD) designed via our cytoDRiVE platform. cytoTILs demonstrate enhanced persistence in mice without IL2 compared to conventional TILs with IL2.

Paul Wotton, Chief Executive Officer of Obsidian, commented, "We expect that cytoTIL15 will pave the way for a more potent and persistent TIL product that will not require infusion of IL-2, thereby improving durable efficacy and expanding the pool of eligible patients with metastatic melanoma and other solid tumor malignancies that can be treated with this groundbreaking therapy."

Topical MEK Inhibitor, NFX-179, Prevents Cutaneous Squamous Cell Carcinoma in Pre-Clinical Model

On May 4, 2021 NFlection Therapeutics reported that research to be shared during a plenary talk at the Society for Investigative Dermatology’s 2021 Virtual Meeting, data from investigators at the Tsai Lab at Moffitt Cancer Center, Sarin Lab at the Stanford University School of Medicine and NFlection Therapeutics demonstrate positive efficacy in preclinical models for the use of a topical gel — NFX-179 — to prevent cutaneous squamous cell carcinoma (cSCC) (Press release, NFlection Therapeutics, MAY 4, 2021, View Source [SID1234579135]).

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In a UV-induced mouse model of cutaneous squamous cell carcinoma, topical application of NFX-179 gel reduced the formation of new cSCCs by an average of 92% at doses of 0.5% and greater, at 28 days. No systemic or skin toxicities were observed. The researchers also conducted a split-back randomized controlled study in 5 mice per group. NFX-179 0.5% gel was applied to half of the back, and vehicle was applied to the other half of each of the UV-irradiated mice. Near-complete suppression of cutaneous squamous cell carcinoma was observed only in the drug-treated area, demonstrating the targeted and local effect of the drug candidate. Furthermore, the team found that NFX-179 inhibits the growth of human cutaneous squamous cell carcinoma cell lines in a dose-dependent manner and that topical NFX-179 application penetrates human skin and inhibits ERK signaling in human cSCC explants.

"We are thrilled with the compelling evidence these data provide, that topical application of NFX-179 has the potential to be a safe, effective strategy for prevention of cutaneous squamous cell carcinoma in high-risk individuals, and we feel very optimistic about moving into clinical trials," said Dr. Kenneth Tsai, M.D., Ph.D., Senior Member, Anatomic Pathology and Tumor Biology at Moffitt Cancer Center. "These data also validate a rational design approach for the precision targeting of diseases of the skin, particularly for cancer prevention — I hope this is just the beginning of more research that rationally targets disease-driving molecular changes in the skin."

NFX-179 and the Ras/MEK Pathway
Aberrant activation of the Ras/MEK pathway is connected to a collection of rare disorders and the formation of tumors, and prior research from the Tsai Lab and others has concluded that this pathway is integral to developing cutaneous squamous cell carcinoma, predicting that MEK1, 2 could be a target for preventing these carcinomas.1,2 Re-analysis of this data performed by the Sarin Lab further predicted that the FDA-approved MEK1, 2 inhibitor, selumetinib, could be used as a therapeutic agent for cutaneous squamous cell carcinoma based on its ability to reverse transcriptional signatures associated with cSCC development. As a regulator of ERK activity, the team reasoned MEK would be a viable chemopreventative target.

Although systemic MEK inhibition suppresses tumor formation, it also causes significant adverse effects. For this reason, the team decided to work with NFX-179, a topical MEK inhibitor developed by NFlection Therapeutics. NFX-179 is a proprietary, metabolically labile, or "soft" compound — designed to concentrate key biological effects at the site of application while considerably reducing systemic exposure and thus side effects.

"We are excited about this result because it demonstrates that we can target a specific pathway directly in the skin, achieving clinical efficacy while minimizing systemic toxicity," said Christopher Powala, president & CEO of NFlection Therapeutics. "This topically targeted approach is of critical importance to the immunosuppressed, who are at high risk for this aggressive cancer and require an effective chemoprevention strategy that also minimizes systemic exposure. We looks forward to taking NFX-179 gel into clinical trials."

Key Application for Solid Organ Transplant Recipients
Cutaneous squamous cell carcinoma is one of the most common cancers, with an estimated 700,000 cases diagnosed in the United States annually. Risk factors for cutaneous squamous cell carcinoma include older age, male sex, fair pigmentation, ultraviolet exposure and immunosuppression. In particular, solid organ transplant recipients (SOTRs) have a 65- to 250-fold increased incidence of immunosuppressant-mediated cSCC compared to the general population, and up to 3.2% of SOTRs die from cutaneous squamous cell carcinoma.

"We believe this research, led by Dr. Tsai’s lab, is significant for solid organ transplant recipients, who often face a more aggressive cutaneous squamous cell carcinoma, with up to 25% mortality," said Dr. Guy Webster, Chief Medical Officer of NFlection. "There is currently no preventive treatment for immunosuppressed cSCC individuals, and the surgical options leave scars and commonly lead to recurrence. A topical, precision approach that these patients can tolerate would be an important advance."

Details of Plenary Session
"Topical MEK Inhibition as Precision Targeted Chemoprevention" will be presented during Plenary Session #3, which begins at 10:30 am ET on Thursday, May 6.

About NFX-179
NFX-179 is an investigational mitogen-activated protein kinase kinase inhibitor. NFX-179 is designed as a "soft" (metabolically labile) drug designed to concentrate at the site of action while significantly reducing side effects of systemically available MEK inhibitors.

Strata Oncology Announces Poster Presentation at the American Society of Clinical Oncology (ASCO) Annual Meeting

On May 4, 2021 Strata Oncology, Inc., a precision oncology company advancing molecular indications for cancer therapies, reported that its abstract on the use of comprehensive genomic and transcriptome profiling to predict the benefit of pembrolizumab in patients with advanced cancer was selected for poster presentation at the American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting, taking place virtually from June 4-8, 2021 (Press release, Strata Oncology, MAY 4, 2021, View Source [SID1234579134]).

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Details of the presentation are as follows:

Abstract title: Comprehensive genomic and transcriptomic profiling (CGTP) to predict pembrolizumab (P) benefit in patients (pts) with advanced solid tumors (STs)
Session title: Poster Session: Developmental Therapeutics—Immunotherapy
Additional meeting information is available on the ASCO (Free ASCO Whitepaper) website, where the abstract will be published on May 19, 2021.

Vivace Therapeutics announces dosing of first cohort of patients with its first-in-class TEAD inhibitor

On May 4, 2021 Vivace Therapeutics, Inc., a small molecule discovery and development company developing first-in-class therapies targeting the Hippo pathway, reported the completion of enrollment of the first cohort of patients being treated with VT3989 in its Phase 1 clinical study (Press release, Vivace Therapeurtics, MAY 4, 2021, https://www.prnewswire.com/news-releases/vivace-therapeutics-announces-dosing-of-first-cohort-of-patients-with-its-first-in-class-tead-inhibitor-301283520.html [SID1234579133]). The Company anticipates enrolling the next higher dose cohort in the second part of May.

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The VT3989 Phase 1 study is now open at centers in both the US and Australia (View Source) to evaluate the safety, tolerability, PK and biological activity of VT3989 in patients with refractory metastatic solid tumors, including refractory pleural malignant mesothelioma. The study is currently in dose escalation, to be followed by a dose expansion phase in which patients with NF2 mutant tumors will be enrolled after an optimal dose is determined. "To the best of our knowledge, we are the first company to test a small molecule in the clinic targeting this important pathway. Our preclinical work has shown that tumors with NF2 mutations are quite sensitive to VT3989, especially NF2-deficient mesothelioma," said Leonard Post, Ph.D., Chief Scientific Officer of Vivace Therapeutics.

"The Phase 1 clinical study is designed to test the translatability of our preclinical observations in cancer patients as quickly as possible. We are enrolling patients with a variety of signaling abnormalities during dose escalation and will allow NF2-mutated patients to backfill any previously cleared dose cohorts. In addition, our study design allows for intra-patient dose escalation so that patients who are tolerating VT3989 at a given dose may increase to the highest well-tolerated dose," said Andrew Dorr, M.D., Chief Medical Officer of Vivace Therapeutics.

The Company has filed patent applications across a diverse set of chemotypes, all of which inhibit palmitoylation of members of the transcriptional enhanced associate domain (TEAD) protein family. The latest publication from Vivace Therapeutics titled "Small Molecule Inhibitors of TEAD Auto-palmitoylation Selectively Inhibit Proliferation and Tumor Growth of NF2-deficient Mesothelioma" in Molecule Cancer Therapeutics (View Source) presented some of the preclinical work done by the company.

Protagonist Reports First Quarter 2021 Financial Results and Provides Corporate Update

On May 4, 2021 Protagonist Therapeutics (Nasdaq: PTGX) ("Protagonist" or the "Company") reported financial results for the first quarter of 2021 ended March 31, 2021 and provided a corporate update (Press release, Protagonist, MAY 4, 2021, View Source [SID1234579132]).

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"Our progress this quarter affirms the strength of our pipeline and execution capabilities," said Dinesh Patel, PhD, Protagonist’s President and Chief Executive Officer. "For our lead drug candidate, rusfertide in polycythemia vera, we have completed enrollment for our Phase 2 study and confirmed the registrational path forward based on recent engagement with both U.S. and European regulators. We look forward to providing an interim update from our ongoing Phase 2 study at a major medical conference in the second quarter of 2021."

Dr. Patel continued, "We are very pleased with the rate of enrollment in our ongoing Phase 2 study of the oral alpha-4-beta-7-integrin antagonist PN-943. For our oral IL-23 receptor antagonists, we expect to dose the first subject in the Phase 1 study of PN-232 in the second quarter of 2021 and intend to complete both this trial and the Phase 1 trial of PN-235 during the second half of 2021. There is excellent movement forward across our full portfolio, driven by our commitment to patients in need of new and better therapeutic options."

PRODUCT DEVELOPMENT AND CORPORATE UPDATE

Disorders of Red Blood Cells and Iron Regulation

Rusfertide (PTG-300)
Investigational, injectable, hepcidin mimetic discovered through our peptide technology platform. Hepcidin is a natural hormone that regulates iron homeostasis and controls the absorption, storage, and distribution of iron in the body. Rusfertide is currently being evaluated for disorders associated with iron overload and excessive erythrocytosis (red blood cell production).

In March 2021, following an end-of-Phase 2 meeting with the U.S. Food and Drug Administration ("FDA") and written comments from the European Medicines Agency ("EMA"), Protagonist has advanced its preparations for a global pivotal study of rusfertide in polycythemia vera ("PV"). The Company plans to initiate this Phase 3 study in early 2022.
In April 2021, Protagonist announced completion of enrollment in the ongoing Phase 2 study of rusfertide in PV. The Company plans to present updated interim data from this study at an upcoming medical meeting in the second quarter of 2021.
In the second half of 2021, Protagonist expects to announce preliminary results from the ongoing Phase 2 open-label proof-of-concept study of rusfertide in patients with hereditary hemochromatosis ("HH").
In addition to ongoing studies in PV and HH, the Company expects to select a third indication for rusfertide in 2021.
Inflammatory Bowel Diseases

PN-943
Investigational, orally delivered, gut-restricted alpha-4-beta-7 specific integrin antagonist for inflammatory bowel diseases.

The 150-patient Phase 2 "IDEAL" study evaluating the safety, tolerability and efficacy of PN-943 in patients with moderate to severe ulcerative colitis is underway, and the study is on track for completion in 2022.
Oral IL-23 Receptor Antagonists

PTG-200; PN-235; PN-232 (Janssen collaboration)
Investigational, orally delivered, IL-23 receptor antagonists. Protagonist has entered into a worldwide agreement with Janssen to co-develop and commercialize these drug candidates.

In the second quarter of 2021, Protagonist expects to dose the first subject in the Phase 1 study of PN-232. The Company expects to complete both this trial and the Phase 1 trial of PN-235 in the second half of 2021. PN-232 and PN-235 are part of the oral IL-23 pathway blocker portfolio strategy, pursued in collaboration with Janssen.
Enrollment continues for the Phase 2a proof-of-concept PRISM study of PTG-200, a first-generation drug candidate for patients with moderate to severe Crohn’s disease.
First Quarter 2021 Financial Results

Cash, Cash Equivalents and Marketable Securities: Cash, cash equivalents and marketable securities as of March 31, 2021 were $279.7 million. The Company expects current cash, cash equivalents and marketable securities to be sufficient to fund its planned operating and capital expenditures through the first half of 2024.
License and Collaboration Revenue: License and collaboration revenue was $6.2 million for the first quarter of 2021 compared to $3.6 million for the same period of 2020. The increase was primarily due to the additional services provided to Janssen under the collaboration agreement during 2021 related to PN-232 and PN-235.
Research and Development ("R&D") Expenses: R&D expenses for the first quarter 2021 were $24.2 million as compared to $18.8 million for the same period of 2020. The increase was primarily due to costs associated with advancing our clinical trials with our pipeline assets of rusfertide and PN-943, as well as our three IL-23 receptor antagonist assets under the Janssen collaboration (PTG-200, PN-235 and PN-232).
General and Administrative ("G&A") Expenses: G&A expenses for the first quarter 2021 were $6.0 million as compared to $4.6 million for the same periods of 2020. The increase was primarily related to professional fees and employee compensation related expenses supporting the growth in our operations.
Net Loss: The first quarter net loss was $24.0 million, or a net loss of $0.54 per share, compared to the first quarter of 2020 net loss of $20.1 million, or a net loss of $0.72 per share.